| From the Raleigh Confederate |
| |
| July 9, 1864 |
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| Raleigh & Gaston Railroad |
| The stockholders of this company held
their annual meeting at the commodious office of the company in this
city on Thursday last. The attendance was not so full as usual, but the
requisite majority of shares were represented in person or proxies. |
| Hon. Thos. Bragg presided, and Kemp P.
Battle, Esq., acted as secretary. Dr. E. A. Crudup, of Franklin,
represented the State. |
| The annual reports of President and Board
of Directors, and of the Treasurer, were highly satisfactory. |
| The receipts from transportation for the
fiscal year amounts to $1,446,473.75. Deducting the current and other
expenditures and payments, including the amount invested in cotton
bonds, and the payment on bonds held by the State, and the first
dividends of the year of 10 per cent., there was left on hand at the
close of the fiscal year about $585,000. At the meeting held the day
previous, the Board had made a declaration of 15 per cent. dividend,
being 25 per cent. paid for the year, with a large surplus. |
| The stockholders adopted a resolution
authorizing the Board of Directors to make a further subscription, in
their discretion, to the Chatham Railroad, not to exceed the sum of
$300,000. |
| Also, re-adopted the resolution passed at
the last annual meeting, authorizing the investment of funds for the
purpose of purchasing materials to replace the superstructure and
rolling stock of the company. |
| Also, to purchase forest lands, not
exceeding 5,000 acres for ties for the Road. |
| Also, appointed a committee, consisting of
Dr. W. J. Hawkins, Geo. Little and Hon. D. M. Barringer, to correspond
with the authorities of the various Railroad Companies on the subject of
procuring a charter of a Railway Importing and Exporting Company, and to
memorialize the General Assembly on the subject. |
| The meeting proceeded to ballot for four
Directors for the ensuing year. The old members were relected, namely:
Geo. W. Mordecai, W. J. Hawkins, S. S. Royster, and J. B. Batchelor.
Directors on the part of the State, Geo. Little, R. W. Lassiter, and
Gen. J. B. Littlejohn. |
| A bonus was voted making the saleries for
the last fiscal year of the President $5,000, and that of the Treasurer
$4,500, and raising the per diem of the Directors and of the members of
the committee of Inspection and Finance, to $30. The following gentlemen
were appointed on the committee of Inspection and Finance, viz: C. H. K.
Taylor, Thos. White, and Gen. Rovt. W. Haywood. Standing committee to
verify proxies, W. W. Vass and Thos. White. |
| The stockholders adjourned after a
harmonious meeting. |
|