| From the Wilmington Journal |
| November 19, 1863 |
| |
| Stockholder's Meeting |
| The chief business transacted
yesterday afternoon, at the meeting of the stockholders of the
Wilmington & Weldon railroad company was the election of president
and directors. S. C. Wallace, Esq., was re-elected president, and the
old directors also re-elected or re-appointed without opposition. |
| The stockholders also raised
the salaries of the several officers of the road an average of one
hundred per cent.; that is to say, they doubled them -- the increase
of salary to apply to the last as well as to the present fiscal year.
The increase applies to all those in the employ of the company who are
paid a yearly salary. The workmen in the shops, and others who are
paid per diem have had their wages increased from time to time as
seemed necessary and expedient. At least we presume so. |
| The various recommendations
contained in the reports of the President and Directors and the
Engineer & Superintendent, were referred to the board for such
action as it might deem proper and expedient. |
| The stock was pretty fully
represented, though rather more by proxy than usual. T. D. Walker,
Esq., hold the proxy of the Wilmington & Manchester railroad
company. |
|