| From the Carolina Watchman (Salisbury, N. C.) |
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| August 29, 1864 |
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| The Annual Meeting of the Western N. C. R.
R. Company was held in Statesville on the 25th instant. We learn from
the Report of the Treasurer, that the receipts from all sources
amounts to $371,011.74, which is nearly treble that of last year; of
which $230,574.10 has been paid out on account of repairs, supplies
and operating Road. After all disbursements the Treasurer holds an
available balance in cash and as dues from various sources $77,000,
which with the earnings until September, will enable the Board to
declare a dividend, and pay off all claims against the Road including
the Confederate Tax. |
| There was no important business transacted
at this meeting with the exception of the election of 4 Directors, viz:
J. A. Hunt, Jonas Cline, ---- Malone, and John McDowell. At a meeting
of the Board after the adjournment of the Stockholders meeting, Mr.
Powell was reelected President of the company. All the officers were
retained in their several places. |
| The following resolution, introduced by
Walter P. Caldwell, Esq., called forth a number of speeches from
stockholders, who with undivided voice denounced the Southern Express
Co., and urged that the RR Co. should immediately discontinue all
connection with it. |
| Whereas, It is the opinion of the
Stockholders of the W. N. C. R. R. Company that it is injurious to
their interest to farm out any of the property or franchise of their
Company, to an independent Company, and believing the R. R. Company
can transport all articles over the road with as much safety and
dispatch as the Express Company and believing that all profits of
transportation ought to be made by the R. R. Company; |
| Resolved, That the Board of
Directors are instructed to terminate their contract with the Southern
Express Company after giving due notice and that they confer with the
North Carolina R. R. with the view to make such combined arrangements
with said road as to insure to all persons safe and expeditious
transportation of their property, money and effects, over the road
under the charge and management of their own agents and messengers. |
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