The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-30
TO BUILD A BRANCH TO SNOW HILL.
Stockholders Of the A en- ,R. r recide to
Make Extensions to the Road

| At the meeting of the stockholders of
the Atlantic and North Carolina railroad
| held at Morehead last week it was decided
| by vote of 1,215 to 341 to build branch
road from LAGRANGE to Snow Hill. Mr..
! Joseph E. Robinson, State Proxy, voted
/ ''aye" it was evident that large ma
J jority of the private stockholders favored
\ the extension. The extension of the road
was warmly approved by President James
a. Bryan in an elaborate report from
which we take this extract:
Had the policy of extension and of
building branches urged long years ago
by those who knew the value of feeders
and extended territory, and who foresaw
and predicted the present situation, been
adopted, there would long since have been
branch through the territory from New
bern to Jacksonville, now occupied by the
Wilmington and Newbern road, and the
products of that rich section. increased
ten fold above what they are today,
would have PASSED over your tracks.
Another would have gone from Kinston
I to Greenville. and further on; another
would have reached to Snow Hill and
| thence as circumstances might have d.
rected. Another perhaps, ere this, might
| have crossed the Neuse and reached out
its arms into the rich fields of Pamlico.
| The products of these teeming territories
would have taxed your resources to trans
port them, pouring into your lap con-
| slant stream of wealth, and the competi-
| tor who, with power sufficient to take ii
| all, now knocks at your door and with
a spirit of generosity demands but a
| share of that which should have been
| yours alone would have gone in other
/, directions, and your main stem might
| perhaps, have reached far into the in
! terror of the State and given you an I'M
| broken and profitable connection with the
markets of the great west
"Mr. Jos. e. Robinson, State Proxy con :
| ferred commissions on the following gem
| tlemen IS members of the board of di-
rectors on the part of the State: Messrs
I James A. Bryan. ]. A. Meadows, New
I bern; w. M. Webb. Morehead City; L.
| Harvey, Kinston; t. c. Whitaker, Tren-
/ ton; L. c. Daniels. Bayboro; Samuel c.
| Suggs, Snow Hill; j. A. Westbrook, Mt
Olive, and the directors elected on the
part of the private stockholders are:
Messrs. c. E. Foy of Newbern; Dempsey
] Wood, of Lenoir; E. c. Duncan, of Beau
fort and Henry We'll. of Goldsboro.
] Messrs. T. A. Green. L. NJ. Michaux
and DR.. f. w. Hughes, were elected on
I the Finance Committee on the part of the
| stockholders, and Messrs. Geo. H. Roberts
and B. w. Canady on the part of the di-
| re ctors
1.-THE following were elected on the
| Proxy Committee: Messrs. H. R. Bryan
| Jr.; C. T. Watson, w. L. Kennedy, w. B
| Blades, Z. H. Meadows. Geo. N. Ives, S
B. Waters. Simeon Wooten, ]. F. Taylor
R. w. TAYLOR. c.. s. Wallace, n. w. Tay-
Tor, j. H. Potter, NJ. NJ. Marks, d. Oettin-
ger. Chas. Dewey, w. L. Arendell Geo
| Dees, D. v. Dixon. Geo. c. Royal
president Bryan's report to the meet
! ing of stockholders shows much improve
ment in roadbed, station facilities and roll
| ing stock. No dividend will be paid stock
holders. The report shows a cash balance
| of $14.364.31 in the treasury September
21st, 1900, compared to $14,06005 on Sep
| TENDER 2S, 1899. .'If there is no large adj
| ditional debt outstanding Mr.. Bryan has
done remarkably we'll with the road,
says the Kinston Free Press.