The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-09-01
THE MULLET" NOW
A WHALE OF AZ?
Directors of the Road Met
at New Bern.
STOCKHOLDERS TODAY
None Seem to Know What Will be
Done. Kennedy Amends His Prop
osition for a Leese Which is
Now Identical With How.
lands Offer.
Especial to News and Observer

New Bern. n. c., Aug. 31.-lnterest
here is intense. Lease of the "Mullet
Road is the only subject discussed,
and a number of prominent men have
already arrived.
The proxy committee has almost
completed it's work. The twelve dl-
rectors of the road met today and
report has it that they gave almost
their entire time to a discussion of
points of vital interest from legal
standpoints. One director stated TINS
afternoon at the depot that the
length of the term of the lease would
be restricted to fOrty-seven years.
This will probably cause little hurry,
and some changes in the propositions
submitted as it was restricted by the
charter.
This matter will certainly be dis
cussed tomorrow by the stockholders
1t is being talked by those here to-
night.
Several directors are spending to-
night at Morehead CITY.
Governor Jarvis passed through
New Bern this afternoon on his way
to Morehead, as did also Joseph r.
Robinson, of Goldsboro. who will pre-
side over the stockholders melting
tomorrow.
The stockholders meeting will be
convened here in New Bern at noon,
and Immediately adjournment VIII be
made until in the afternoon.
The stockholders will leave here at
twelve-thirty tomorrow Tor Morehead
CITY, where the full discussion of the
various lease propositions viii take
place, if the present announced pro-
gram is carried out.
1t is the general opinion that the
stockholders meeting VIII De pro-
longed into the night, and may be
no decision will be reached until Fri
day.
According to the bylaws, maJorl-
tv of the private stockholders must
apnrove some one proposition, and
the State must also approve that pro-
position before a lease can be agreed
upon.
Governor Aycock is expected on
the morning train, and with him on
that train, it is thought there VIII be
q hundred stockholders and interested
parties. Foster, representating How
land. is already on the GROUND, as is
also Finlayson, representing his syn
dicate Kennedy spent yesterday here
and will be back on the morning
train.
]. w. Granger, State proxy, came
down on the afternoon train, but re-
turned to Kinston tonight He VIII
be here on time tomorrow. II. :.
Howland will arrive tomorrow morn
ine and a number of business men
from Goldsboro and Kinston, who are
Interested in the Kennedy proposition,
will come at the same time. Henry
X. Bryan, Jr. will vote the Cuyler
stock: ten votes for John 2. Cuyler,
who owns thirty-seVen shares; SIX Tor
Agens Cuyler, twelve shares; seven for
900, cIasn nrfNs
and six for Mississippi Cuyler, four
teen shares.
Who will vote Finch's stock? is be-
ing asked on all hands and interest is
attracted to that question Dempsey
Wood holds the proxy of r. Chambers
Smith for the forty-seven shares
turned over to McBee and Finch. but
peared before the prvzy committee
with Finch's.. orders. and w. w.
Clark, attorney for Finch and Nc
Bee. is in tire mountains. He might
arrive tomorrow, but no 1ntimation
has been given of his holding proxy
for the Indicated stockholder. No
one appears to know what is going
to happen.
Sentiment is divided in such a way
that no one can tell positively whether
the lease or anti-lease faction is iE
the majority. Some predict no lease
and at least one bet was made to-
night
At the last meeting there were $50
votes from the private stock and this
number will be increased about ten.
One stoclxholder who does not wish
his name used said tonight:
1.-THE stockholders meeting will not
go to Morehead. New Bern will not
permit it. The desire to get the
stockholders out of reach of influence
is wrong. Every citizen of Craven
county is a stockholder. There are
enough complications already foreseen
to cause wrangling and there may be
split which will prevent a lease for
the present. All propositions thus
far offered are on a basis of longer
term of years than the .company's S
charter gives life. Sentiment in favor
OF postponement for another year in
order to secure a higher rental is be-
ing worked up by some parties who
say one and a half was offered two
years ago, two per cent one year ago,
ana three per cent now, when people
are trying to cry down the roads val
uaclon. There will be a hot fight in
the stockholders meeting"
"A BREEZE FROM NEW BERN.
re- NJ