| From the Hillsboro {N. C.} Recorder |
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| September 7, 1864 |
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| The Western N. C. Railroad |
| The Annual Meeting of the
Western N. Carolina Railroad Company was held at Statesville on the 13th
ultimo. From the report of the Treasurer it appears that the receipts
from all sources for the last year amount to $371,911.74, which is
nearly treble that of the last year. Paid out on account of repairs,
supplies, and operating the road, $230,574.10. After paying off all
claims against the road, including the Confederate tax, a surplus is
left of $77,000. |
| J. A. Hunt, Jones Cline, ---
Malone, and John McDowell were elected Directors for the ensuing year.
At the meeting of the Board, all the old officers on the road were
retained in their several places. |
| The following resolutions,
introduced by Walter P. Caldwell, Esq., called forth a number of
speeches from stockholders, who with undivided voice denounced the
Southern Express Company, and urged that the Railroad Company should
immediately discontinue all connection with it. |
| Whereas, it is the opinion of
the Stockholders of the Western N. C. Railroad Company that it is
injurious to their interests to farm out any of the property or
franchises of their Company to any independent company, and believing
that the Railroad 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 Railroad Company: |
| Resolved, That the
Board of Directors be instructed to terminate their contract with the
Southern Express Company, after giving due notice, and that they confer
with the N. Carolina, with the view to make such combined agreements
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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