| From the Wilmington Journal |
| |
| December 5, 1862 |
| |
| Stockholder's Meeting |
| The meeting of the
stockholders in the Wilmington & Weldon R. R. Company, whose
organization yesterday forenoon was mentioned in our issue of that
day, after receiving the reports of the President and Directors, and
Engineer and Superintendent, and referring them to a general
committee, adjourned to meet at 2 1/2 p. m. |
| From the report of the
President and Directors, we extract the following statement of
receipts and expenditures: |
| From |
Through Travel |
$455,845.42 |
| " |
Way " |
173,406.93 |
| " |
Freight Transportation |
246,348.43 |
| " |
Mail |
24,300.00 |
| " |
other sources |
51,447.31 |
|
|
955,348.09 |
| " |
Transportation on Tarboro' Branch |
10,402.26 |
|
Total |
$955,750.35 |
|
The working expenses of Main Stem
this year have been |
$295,693.54 |
|
|
And for Tarboro' Branch |
3,602.59 |
299,296.13 |
| Remainder |
|
$666,454.22 |
| The
interest and premiums on Exchange paid this year amounts to |
24,229.28 |
|
| During the
current year three dividends, viz: numbers 19, 20 and 21 have
been declared, the aggregate of which amount to |
$243,951.50 |
$298,130.78 |
| Balance |
|
$398,323.44 |
|
| In addition to the dividends
made, the board has declared another dividend of the profits, of 11
per cent. on the capital stock of the company, which will be payable
on the first day of January next. |
| The report of the
Superintendent is interesting and throws much light upon the
operations of the Road, but without extracting more of it than our
limits admit, we could add little to the summing up already given from
the President's report. |
| The following officers were
elected without opposition: |
| President -- S. D.
Wallace |
| Directors (on the part of
the Individual Stockholders.) --P. K. Dickinson, A. J. DeRosset,
B. Flanner, J. D. Ballamy, E. P. Hall, R. R. Bridges, E. Kidder, being
old board individual directors with the exception of Messrs. Bridgers
and Kidder, who were chosen to supply the vacancies occasioned by the
deaths of Captain Gilbert Potter and Wm. C. Bettencourt, Esq. |
| Directors on the part of
the State -- The following are the Directors appointed on the part
of the State: W. W. Brickle, of Halifax Co., G. W. Collier, of Wayne
Co., Wm. A. Wright, of Wilmington. Mr. Wright is an old director,
Messrs. Brickle and Collier take the places of Messers. Whitaker and
Lane. |
| The meeting passed off
harmoniously and with much pleasure to the Stockholders, who passed a
resolution recognizing that fact. |
| Sundry resolutions were
offered and debated, some being adopted and some not. The salary of
the President was increased to three thousand dollars, and additions
made to the salaries of other officers. |
|