Proceedings of the stockholders of the North Carolina Rail Road Company

              £
A
m
i
Library
OF THE
University of NortH Carolina
This book was presented by
Members of the family of the late
COL. A. B. ANDREWS
r This hookmust not be
taken from the Library
building.
ANNUAL MEETING
OF THE
STOCKHOLDEHS,
rite of f|e (Ifcet$ of
\UU GAI[0LIN>
f J
till" ^
Txxly 910a, 13^4.
£nensboro, <g. $.:
NEW NORTH STATE JOB PRINT.
Pfk *
PJFFfTPJV3
or THE
mti\ Carolina feitarad §p.
J"IJL¥ 1874 to JinbY 1875,
ii tit rrrit*
rufus barringer, henry w. fries,
r. l. patterson, sam'l f. wiley,
l. w. humphrey, william f. myers,
n. h d. wilson, wm. r. albright.
william a. smith, thos. m. holt,
moses l. holmes, r. b. haywood,
d. a. davis, thos. b. keogh,
p. b. hawkins, jno. r. harrison,
john Mcdonald.
GEO. WILLIAM WELKER.
WILLIAM A. SMITH.
J. ^. McCAULEY.
INDEX.
PROCEEDINGS.
Hillsboro, N. C, July 9, 1874.
The Stockholders of the North Carolina Eail Road Company
convened at the Court House at 11 o'clock, a. m. to hold their twenty
fifth annual meeting.
On motion of Hon. Win. A. Smith, Hon. John W. Graham was
called to the chair, and Thos. B. Keogh appointed Secretary.
On motion of Col. L. W. Humphrey, a committtee of two, consist-ing
of Dr. R. B. Haywood and Gen. P. B. Hawkins, was appointed
by the chairman to wait on the Committee on Proxies, and notify
them that the meeting was organized and awaiting their report.
The Committee on Proxies, through their chaix-man, John U. Kirk-land,
Esq., reported that more than one hundred persons, Stockhold-ers,
ware present, either in person or by proxy, and that more than
a majority of the individual stock was represented. The Committee
asked for further time to make a more formal report.
On motion of Hon. John W. Norwood, the report of the Commit-tee
on Proxies was received and further time given to report,as asked #
On motion of Gen. Barringer, the temporary organization was
made permanent.
Gen. Barringer presented the credentials of Geo. AYm. AYelker
Proxy appointed by the Governor to represent the State of North
Carolina, which were read and received.
Hon. "Wm. A. Smith, President of the Company, read his report.
The reading of the reports of the Finance Committee and the Sec-retary
and Treasurer, was dispensed with.
On motion of Gen. R. Barringer, the reports of all the officers
were referred to a Committee of three.
The chairman appointed Hon. J. Turner Morehead, Hon. H. W.
Fries, and Hon. Kemp P. Battle, to act as such Committee.
The Committee to examine the officers' reports,through their chair-man,
Hon. J. Turner Morehead,reported that they had examined the
reports and found them correct and satisfactory. On motion, they
were received.
On motion of Col. AY. R. Meyers, recess taken until 2 o'clock, p. m.
j
2 Proceedings of the Stockholders
AFTERNOON SESSION.
2 o'clock.
The chairman called the meeting to order. The Committee on
Proxies, through their chairman John U. Kirkland, Esq., made the
following report:
The number of Stockholders represented in person 19; by Proxy 409; whole
number of Shares owned by individuals 10,000; whole number of Shares represent-ed
in person and by Proxy 9,205.
On motion of Hon. Wm. A. Smith, the private stockholders pro-ceeded
to elect four directors for the ensuing year. Messrs. Kirk-land
and Barringer were appointed tellers. The vote resulted as
follows;
T. M. Holt G477, Moses L. Holmes 6042, Wm. A. Smith 5459, R.
B. Haywood 0053, John L. Morehead 3470, D. F. Caldwell 1032, D.
W. McRae 978, H. W. Fries 978, P. C. Cameron 204.
T. M. Holt, Moses L. Holmes, Wm. A. Smith and R. B. Haywood
having received a majority of all the votes were declared elected.
The following resolution was offered by Col. W. R. Meyers:
Pit-solved, That the first paragraph of the By-Laws shall be amended to read as
follows
:
The general Annual Meeting of Stockholders shall be held in Raleigh on the sec-ond
Thursday in July in each and every year, until otherwise ordered.
Discussion of ti is resolution was participated in by Hon. W. A.
Smith, W. R. Meyers, J. B. Batchelor and Jas. A. Graham.
On motion of N. H. D. Wilson the resolution was laid on the table.
On motion of Col. L. W. Humphrey, the stockholders elected the
following gentlemen members of the Finance Committee for the en-suing
year: P. 13. Hawkins, D. A. Davis and Thos. B. Keogh.
Col. W. R. Meyers offered the following preamble and resolutions:
Whereas, Tiie stockholders of the North Carolina Railroad Company, in gen-eral
meeting in the town ol Salisbury, the 16th day of April, 1874, accepted a part
of the Charter of the said Company, the act of the General Assembly of North Car-plina,
ratified the 10th day of February, 1874, entitled "An Act to amend the Char-ter
of the North Carolina Railroad Company and for other purposes therein men-tioned.'"
and whereas, in the minds of some persons, doubts have arisen as to the
validity of the acceptance of the said Act: therefore, the stockholders of the North
Carolina Railroad Company in general meeting assembled in the town of Hillsboro,
the 9th day of July, 1874, do
Resolve, That we accept and adopt as part and parcel of the Charter of the said
Company the Act passed by the General Assembly of the State of North Carolina,
session of 1873-74, entitled "An Act to amend the Charter of the North Carolina
Railroad Company and for other purposes therein mentioned," ratified the 10th dav
of February, 1874.
North Carolina Rail Road Co.
Resolved, That the President and Directors of the said North Carolina Kail-road
Company be and they are hereby directed, authorized, and empowered, under
and by virtue of the provisions of the said Act, to issue bonds of the said North
Carolina Railroad Company authenticated, as directed in said Act, in such sums
and at such rate of interest as the board of Directors may deem best. * The amount
of bonds so issued, and the rate of interest designated shall not exceed the limits
specified in said act.
Resolved, That for the purpose of securing the payment of said bonds and of
the interest thereon as the same shall become respectively due and payable, the
President and Directors of the N. C. R. 11. Company shall, in pursuance of the pro-visions
of the said Act, make, execute and deliver on behalf of the said N. C. R. R.
Company, to three trustees one of whom shall be the Governor of the State ; the
other two to be selected by the President and Directors, a deed or deeds of mortgage
conveying the franchise and property of the said N. C. R, R, Company, its road
bed, superstructure, choses in action, and personal property and real estate of what
kind soever, together with such property as the said Company may acquire accord-ing
to the provisions of the said Act; the said mortgage deed or deeds to have such
covenants with reference to foreclosure as is provided in the said Act; to be sealed
with the corporate seal of the Company, to be signed by the President, countersign-ed
by three Directors of the Company and attested by the Secretary of said Corpor-ation,
the said mortgage to be registered in the county of Wake, as provided for in
said Act.
Resolved, That the contracts heretofore entered into by the North Carolina Rail
Road Company through its President approved of by its board of Directors, be-tween
the North Carolina Railroad Company, the East Tennessee, Virginia & Geor-gia
R. R. Company, the Southern Rail Way Security Company, R. Y. McAden and
William A. Smith, Agent and Trustee, bearing date the 17th day of April, 1874, be
and the same are hereby approved and ratified, and that the President and board of
Directors are hereby authorized and instructed to do everything necessary to comply
with said contract and to carry out the same in good faith.
After some discussion, which was participated in by D. F. Cald-well,
T. M. Holt, Gov. Graham, N. H. D. Wilson and Col. L. W.
Humphrey, the resolutions were adopted upon a call of the stock
vote. Yeas 35297. Nays, 3830.
On motion of Jas. A. Graham, the Secretary was requested t
give the names of each party voting, the amount of stock owned,
and the amount represented by proxy, which are as follows:
"yeas."
E. R. Stanley 16, John G. Tull 10, J. T. Morehead, jr. 5, R. L. Patterson,
guardian 11, Joseph H. Wilson 20, Peter Adams 28, H. W. Fries 27, Francis Fries
137, Samuel Yokely 9, Catherine Holt 3, Bennett Hazelle 14, D. W. C. Johnston 1,
H. Reynolds 5, Enos Tomlinson 7, S, W. Howerton 1, David Loftin 5, H. J. Har-ris
3, James H. Holt 1, W. D. Thomas 17, North Carolina Rail Road Company
215, John R. Harrison 19, W. A. Smith 26, C. W. Smith 10, R. A. Smith 10, J. E\
McDonald 2, John McDonald 6, Luke Dorland 5, Sam F. Patterson 5, Joseph Fix
jr. 2, John Tfolenger 23, W. H. Trolenger 1, M. T. Hays 2, James Trolenger 1, Jer-emiah
Holt 1, S. A. White l, rJohn Moose 10, T. R. Simpson 1, Emmett Cuthbert 5,
W. H. Turrentine 1, Hugh K. Reid 4, R. J. Mendenhall 1, Charlotte, Columbia
and Augusta Rail Road Company 55, J. P. Gnlley 1, Edmund Wilkins 6, J. C. Jus-tice
16, Geo. M. Bain, jr. 5, A. C. McCalister 1, John M. Blalock 1, Judith J. Men-denhall
1, David Donnan, jr. 3, F. E. Plunkett 5, T. D. Harris 2, E. F. Page and
W. H. Bragg, Trustee 5, H. G, Freeman 12, James A. Turrentine 5, M. W. Leach
5, Thomas E. Cook 1, Henderson Adams 3, James H. Adams 4, R. S. Adderton 1,
Ji Proceedings of the Stockholders
S. Wagoner 1, Mary Walker 2, Michael Shoffner 5, W. A. Garigan 40, E. M. Holt
139, L. S. Boon 2, Kaleigh National Bank 20, Phil B. Hawkins 10. O. H. Dockery
and his wife Fannie Settle 5, J. & E. B. Stawe 5, B. T. Bullock, sr. 21, E. H. Bonn-tree
5, C. Dowel 2, J. C. Pass 20, J. Stirewalt, jr. 5, J. Stirewalt, jr. guardian 5, J.
N. Brown 1, A. H. Moss 3, E. S. Young 5, J. E. McEachin 4, Will S. Harris 5, M.
W. Johnston 3, J. C. Young 1, J. D. Moss 5, VI. J. Moss 1, £. A. Moss 1. M. E.
Moss 1, John A. Moss 1, E. W. Hoyle 5, C. E. White, guardian 5, C. E. White, ad-ministrator
5, Calvin Graves 10, Millie Sasser 20, John C. Palmer 2, J. A. Norris 5,
P. H. Colburn 9, W. P. Morrow 10, John Newlin & Sous 10, James Newlin :i. Rich-ard
Harris 5, A. B. Andrews 5, E. A. Hamilton 12, P. E. Harden 1. Sarah E. Har-den
6, W. E. Albright 6, Geo. W. Grice 5, Sam'l M. Wilson 5, A. G. Mcllwaine 15,
W. T. Faircloth 5, O. J. Nelson 1, E. D. Holt 3, E. Mauney 13, G. M. Earnhardt
55, D. A. Davis 34, Joel H. Jenkins 78, B. B. Eoberts & D. A. Davis, executors 98,
John I. Shaver 503, Nathaniel Boyden 10, John M. Horah 2, H. H. Beard 5, Wil-liam
Overman 5, M. L. Holmes, Trustee 5, M. L. Holmes 141, Beuben J. Holmes
116, Letitia Brown & Martin Eichwine 6, B. P. Fraley 6, P. Neeley 3, P. N. Heilig
40, Moses Foil 5, Mathias Cook 3, Daniel Barrier 5, Chris Melchoir 10, John Shin^
pock 5, J. F. Beal 2, D. H. Starbuck 10, Hill & Skinker 20, A. S. Buford 5, George
Little 2, J. W. B. Watson 50, John S. Dancy 11, Henry Holt 4, W. J. Bingham 30,
F. W. Fonville 1, Daniel Worth 2, Gaston D. Cobb 2,John A. Moore 1,A. G. Moore
2, T. M. Holt 20, K. M, Murchison 40, Jennie T. Cramer 17, Hugh A. Tate 10,
John Carter 25, W. B. Bodman 40, George Patterson 1, John Scott 2, Jesse Gant 7,
Albert Murray 2, William Holmes 1, Alex Wilson 1, D. W. Kerr 5, Samuel Kerr 5.
Henderson Scott 5, Martha J. Kerr 6, B. F. Eoney 2, John G. William, President
5, John G. William 1, T. H. Selby 3, W. H. Holeman 2, Alfred Williams 3, Sarah
A. Williams 5, W. M. Boylan 5, Kate Boylan 10, J. H. Boylan 7, Eliza Primrose,
guardian 5, Jordan Womble 2, L. H. Adams 2, Lynn Adams 2, L. D. Lasser 15, J.
J. Erwin 18, John D. Whitford 13, Ahi Bobbins 5, E. A. Brevard 18, W. W. Fife
58, Jacob Holt 6, J. I. Scales 10, E. A. Darr 17, Mary Thomas 18, J. Wesley Thom-as
34, P. C. Thomas 17, D. T. Lambeth 12, E. S. Lambeth 10, Jane Lambeth 2,
Henry C. Thomas 17, E. W. Thomas 29, Emiline L. Smith 3, W. H. McKee 1, E,
B. Haywood 5, Kimbo Jones 10, Charlie E. Johnston 5, B. T. Ballard 30, W. L.
Kistler 27, T. B Keogh 88, Wilson & Shober 309, Susan J. Weir 27, James Mclver
3, James Jamison 10, Fisher B. Taylor 9, Joseph H. Shields 8, Charles Kellev 5,
C. C. Mock G, Ellen Sasser 20, E. B. Borden, admr J. Howell 3, C. F. Dewey 1,
Charles Dewey 2, W. F. Kornegay 45, John D. Spicer 62, George Green 8, E. J.
Gregory 9' L. W. Humphrey 75, G. W. \, hite 1, Henrv Goodman 10, E. F. Simon-ton
7, J. H. Houston 10, Milfred Turner 29, John H. Welbome 41, S. C. Eankin 5.
John A. Boyden 1, M. T. Bell 20, S. H. Wiley 71, Shannon Wiley 2, Wm. Heron
50, Thomas' Hays 5' John Scott 5, William Mur.lock 3, V. Maunevl3, G. W. John-ston
15, J. F. Cuthrell 5, John L. Hedrick 15, E. E. Crump 2, B. S. Hednck 3,
John A. Hedrick 3, John Marlin 1, J. S. McCubbins, guardian C. W. Murphy 6,
J. S. McCubbins guardian S. W. Murphy 6, B. B. Eoberts, Trustee 4, Susan W.
Murphy 6, Peter F. Holt 1, A. T. Mail 1, Fabias J. Haywood 10, G. W. Welter 20,
E. S. Pullen 34, E. S. Pullen, Trustee 44, J. S. Leethers 5, James Webb, Jr. 34,
John Bane 5, D. C. Parks 5, C. M. Lattimer 16, P. B. Ruffin 5, Giles Mebane 50,
E. A. Springs 25, C. P. Mebane 2, Eufus Barrirger 27, James H. Carson 70. John
E. London 4, J. L. Brown 5, M. P. Pegram 44, M. P. Pegram cash. 40, James E.
Allen 9, W. E. Myers 224, A. B. Springs 150, A. B. Springs, agt. 36, A. B. David-son
109, E. Summers 1, Mrs. E. H. Knox 15, W. C. Meanes 20, Daniel M. Barring-er
33, John W. Norwood 30, J. T. Morehead 9, State of North Carolina 30,000.—
Total 35,297 "Yeas."
" NAYS."
J. T. Morehead 302, H. S. Pharr 1, S. Mc. Stafford 8, S. W. Harris 5, M. A.
Harris 2, M. E. Porter 5, Alphonso Alexander 10, C. H. Erwin 5, J. F. Irwin 1,
Sam. Pharr 5, D. S. Teiter 5, Cyrus A. Alexander 20, Elias & Cohen 50, William
Johnston, Trustee, 120, E. W. Ford 233, S. H. Johnston 33, Peter W. Hairston 5,
E. M. Cochran 15, Dorcas Kimmons 1, S. Harris 5, J. M. Black 1. J. C. Barn-
JVo7'th Carolina Rail Road Co.
hftrdt 5, George Barnhardt 10, Isaac Thaoker 20, J. T. Morehead, sr. 22, John C.
Cannon 1. Jesse H. Lindsay oil. Bank of Greensboro 105, A. E. Evans 11, L. H.
Walker 1 1. Eugene Morehead 1-1, M. C. Avery 11, Julius A. Gray 11, George T.
Barnes, Trustee, 113, Hugh Mc0auley20, J. Allison 5, M. L. Barringer 5, S. B.
Kahnweiler 1, W. W.Rankin 16, Isaac Wilson 31, J. C. Pharr 3, J. M. Alexander,
guardian, 17; the Trustee Sugar Creek Church 5, J. E. Caldwell 2, Joseph Misen-heimer
in, M. Widenhouse 5, Elam King 2, Elam King, guardian, 3, W. R, Pharr,
7. E. W: Allison 22. J. P. Allison 1, J. Beed 10, Elam Neal 1, S. E. Gibson 1, J. L.
Phifer 72, Phifer & Cannon 29, M. Winecoff 5, McLean A Co., 5, J. E. Logan 3,
J. E. A- Isabella Logan 3. A. Bay 5, J. D. Scott 3, James Miner 1, J. A. Stewart 2,
C. N. McAdoo 6, John MoAdoo '•». S. W. Cole 60, J. E. Vogler97, E. Belo 38, B.
J. Bell 1- lb Gray 1, A. Y. Sullivan 26, Andrew Lindsay 5^ Catherine E. Wharton
10, William Clouse 10, Thomas J. Wilson 5, Henry Hart 5, Albert Sinedes 5, L. 0.
B. Branch 1, A. M. MePheeters 2, W. E. Poole 19, T. D. Hogg 10, John W. Gra-ham
5, PaulC. Cameron 50, Thomas H. Wright 10, F. C. Hill 1, Mildred C. Cam-eron
17, Geo. W. Mordeica 80, W. A. Wright 5, John C. McEae 220, H. Nutt 12,
A. J. De Bassett 30, (Huston Mears 1, Geo. Harris 3, Walter G. McEae 25, Donald
McEae 100, Donald McEae, guardian heirs H. McEae 22. Margaret C. Williams 10,
Isaac Bates 75, J. L. Hathaway 40, Z. Latthher 182, John D. Bellamy 5, W. A.
Graham 25, J.B. Batchelor 6, W. H. AE. S, Tucker 13, II. O. Parker"a, Thomas
Branch 324, F. E. Scott 04, W. T. Southerlin 30, John Bowletfl Myer Myers 104,
E. Myers 34, J. A Graham 5. A. W. Graham 5, John Berry 5, S. W. Hughes 1,
Joseph Graham 100, Lydia Johnston 7, S, W. Graham 5, D. C. Jones 6, C. W.
Johnston 7, M. L. Hendon 7, M. P. Boyster 7, D. F. Caldwell 99, M. D. Smith 5,
J. C. Cunningham 10, Eobt. E. Caldwell 5, Thomas E. Cook, ex'r, 16, A. C. West-brooks
1, Ralph Gorrell 11, W. & T. Donnell 2, Robert Wilson 1, Thomas Webb
43, C. C. Tinin 3, H. B. Statford 2, O. Hooker 5, Flora A. Penix 9, Wesley Jones 5,
W. C, Gullev 5. T. J. Freeland 3, C. J. Freeland 4, J. W. Hollingsworth 11, J. U.
Kirkland 10, J. B. G. Roulhac 10, K. P. Battle 5. Total 3830.
Yeas.—Person 173 votes; proxy 35,12-4 votes. Total 35,297.
Nays.—Person 499 votes; proxy 3331 votes. Total 3830.
The Secretary, on motion, was directed to enter objection made by
several private stockholders to the vote cast by Geo. Win. Welker.
—
It was objected that the State conld not, through its proxy, vote on
the acceptance or rejection of an amendment to the charter.
Thos. Branch, Fred. K. Scott, M. Mvers, E. Myers, John Eowlett,
W. H. & R. S. Tucker, H. A. Parker, Wm. I. Sutherlin, J. B. Batch-elor,
P. C. Cameron, Thomas Webb, D. F. Caldwell, Ralph Gorrell,
Albert Sullivan, M. D. Smith, T. B. Donnell and J. C. Cunningham
protested against the adoption of the legislative amendment because
it would divert the capital of the Company from the original object
contemplated by the charter, and made no provision for non-resident
stockholders, and for other reasons. The protest was filed.
On motion, Chas. E. Shober, Peter Adams and C. G. Yates were
appointed a Committee to verify proxies at the next annual meeting
to be held at Greensboro, N. C., on the second Thursday of Julv
1875.
On motion of J. B. Batchelor, the thanks of the stockholders were
tendered to the Chairman and Secretary.
On motion, the meeting adjourned.
JOHN W. GRAHAM, Chairman.
Thos. B. Keogh, Secretary.
6 Proceedings of the Stockholders
REPORT OF THE BOARD OF DIRECTORS.
Office North Carolina Rail Road Company,
Company Shops, July 3, 1874.
In compliance with the requirement of the charter, the Board of
Directors have the honor to submit the following reports, showing1
the business of the Company for the fiscal year ending May 31, 1871.
The report of the President, with the accompanying tables, shows
the operation of the Road in full.
North Carolina Bail Road Co.
PRESIDENT'S REPORT.
President's Office, N. C. Rail Road Co.,
Company Shops, N. C, July 2d, 1874
To the Board of Directors :
Gentlemen:—I submit to you, and through you to the Stockhold-ers
of the North Carolina Rail Road Company, the following report
of the receipts, expenditures and debt of the Company, up to the end
of the fiscal year ending May 31st, 1874:
Eeceipts from all sources, - $266,477 71
Total expenses for the year, ..... 66,875 24
Leaving a balance of - - - - - - 199,602 47
Of the above $66,875 24 expenses, $52,366 61 was applied in pay-ment
of interest on our debt, and in settlement of judgments
on old claims.
Out of the above balance we have paid dividends to the amount of $107,300 11
Leaving yet a balance of 92,302 36
Which has been applied to the sinking fund and other purposes,
fully shown in detail in the report of the Treasurer.
DEBT OF THE COMPANY.
The total debt of the Company reported at last annual meeting was $491,978 24
Present debt of the Company is 597,388 53
From which deduct amount of assets, ... 147,86087
And we have actual debt of the Company, ... 44^ 527 66
mortgage.
Amount of bonds issued under the Mortgage, - - $790,000 00
Cash and bonds paid into the sinking fund, - 459, 650 00
SINKING FUND.
The Company has paid during the year to Gov. W. A. Graham, Trustee, $67,000 00
old debt.
The amount outstanding on the loan of 1857, which is past due, is $38,500 00
8 Proceedings of the Stoclcholclers
REMARKS,
Since your last annual meeting, our charter has been amended bv
the Legislature,giving our Company authority to purchase the West-ern
North Carolina Rail Road, and power to complete the same to
Paint Rock. Also power to consolidate, (should our Company think
proper) with what is known as the Duck Town branch of the West-ern
Division of the Western North Carolina Rail Road, and with the
Atlantic & North Carolina Rail Road.
The consolidation of this Line from Morehead City to Paint Rock
would cause a complete revolution in the rail road system of the
State, adding greatly to the value of your property, and increasing
your dividends—a fact that will not be denied by any rail road man
in or out of the State. Yet, designing men, through the newspapers
and otherwise, have tried to persuade you, and the construction
bond holders, that it would destroy your income and lessen your se-curities.
Nothing was ever more false or delusive. But who are the
parties that have tried to create this impression ? Among the origi-nators
of this opposition are a few broken down politicians of our
State who cannot, on account of their imbecility and failure at every-thing,
comprehend how such a grand scheme cau possibly be car-ried
out.
There is another set of opponents, generally known in and out of
the State, as black mailers. They originate and bring suits for the
purpose of forcing our Company to buy them off, &c.
Others have brought suit, thinking their interests really in danger.
The most of whom, however, are willing to sell their bonds and stock
at a reasonable price.
There is another interest that desires to defeat the consolidation
of these roads, because it will aid in building up North Carolina to
the disadvantage of Virginia. This is the rail road interest of Vir-ginia.
Indeed it seems that all the rail road Companies in this State
have arrayed themselves against this great enterprise.
As a rail road man, I cannot see how it will injure any road in our
State. Broken down, and almost insolvent Companies claim that
they will buy and complete the Western North Carolina Rail Road,
when it is well known in rail road circles, that they are now on their
North Carolina Rail Road Co. 9
last legs, and are not able to consnmmate what they have so flippant-ly
and glowingly published in the newspapers about their immediate
enterprises.
It is true, if we are successful in carrying out this great under-taking,
it will take away a large portion of the income of the Atlan-tic,
Mississippi & Ohio Kail Eoad, now controlled by Gen. Mahone
As our grades will be easier, and the friendship of the East Tennes-see,
Virginia & Georgia Kail Road Company, with whom we will
connect, having been secured, will add much in this direction.
The construction bond holders have recently obtained a decision
in the Federal Court that so much of the State stock, as may be nec-essary,
shall be sold to pay the interest in arrears due by the State
on said bonds : from which decision the Governor has taken an ap-peal,
and we have great hopes that the Supreme Court of the United
States will still recognize the sovereign power of NorthCar olina and
declare that the decision of the lower Court is erroneous and contra-ry
to the Constitution of the United States.
This is the opinion of the best lawyers of the State, especially of
the old fashioned lawyers who stick to the original land marks of our
Constitution. In no event, however, can this decision defeat this
great undertaking, as there is still enough patriotism left in the State
to defeat our recreant sons and Northern sharks from buying our
stock at a nominal price, and thereby destroying our rail road inter-est
in the State.
Should our people and our private stockholders listen to the argu-ment
of certain interested newspapers and lawyers of the State, and
allow this stock to be sold, and the balance exchanged for the so-call-ed
construction bonds, your rail road will never be consolidated, and
the private stock of your Company will become worthless.
I am fully convinced that the true friends of North Carolina and
the private stockholders of this Company will be able to defeat this
great calamity, and put to shame those who have so ingeniously tried
to destroy the best interest of the State.
Very respectfully,
Tour obedient servant,
W. A. SMITH, President.
10 Proceedings of the Stoclcholders
TREASURER'S REPORT.
Treasurer's Office, N. C. Rail Road Co.,
Company Shops, N. C, June 17, 1874.
To the Stockholder* of the. North Carolina Rail Road Company
:
Gentlemen:—I herewith submit to you the annual report of the
financial condition of the North Carolina Rail Road Company for
the fiscal year ending the 31st day of May, 1874.
receipts and disbursements.
During the fiscal year the receipts from all sources have been
$276,122.30, and the amount paid out on expenses, bonds and other
liabilities of the Company, $220,177.76, which will be found fully set
forth in the accompanying tables.
financial condition now and one year ago.
The debt of the Company reported and entered on the books of
the Company on the 31st day of May, 1873, as shown by the books
of the Secretary was $491,978.24,to which add $52,366.61 of old debts
not reported and entered on the books of the Company, but which
have been paid during this year. We have the total debt of the
Company on the 31st day of May, 1873, $544,344.85, to which add
$240,000.00, a dividend of six per cent* declared on the capital stock
of the Company, Vv the Board of Directors, March 13th, 1874, and
we have the debt of the Company, $784,344.85, of which amount
there has been paid during the year $186,956.32, leaving the debt of
the Company as shown by the books of the Secretary on the 31st
JVorth Carolina Bail Road Co. 11
day of May, 1874, $597,388.53, which amount may be reduced by
assets $147,860.87, and the probable deduction on negro bonds of
$18,000.00, leaving a balance to be paid of $431,527.66.
The general exhibits of the business of the Company for the fiscal
year, shows a decrease of the debt of tile Company of $134,759.69.
The total bonded debt of the Company under mortgage is $380,-
000.00, of which amount $170,000.00 is in ten year bonds, and $210,-
000.00 in twenty year bonds.
There remains unpaid of the loan of March 1st, 1857, $38,500.00.
Respectfully submitted,
J. A. McCAULEY,
Treasurer.
12 Proceedings of the Stockholders
J. A. McCauley, in account current with the N. G. Rail Road
RECEIPTS.
r
From Station Agents, ..... " Bents,
" Interest Premiums and Discounts, ... " Individuals, ...... " Temporary Loans, ..... " Certificate issued Dividend No. 9,
" Real Estate ...... " Bills Beceivable, . . . . .
" United States Tax Collected, .... " Lease of North Carolina Bail Boad ... Cash and Cash items on hand & with Banks & Bankers, June 1, '73
404 00
1,262 34
4,656 98
3,762 48
5,247 00
108 00
486 00
176 00
19 50
260,000 00
22,047 37
North Carolina Bail Road Co. 13
Company, commencing June 1, 1873, closing May 31, 1874.
DISBURSEMENTS.
Legal Expenses, .... Salaries, .... Dividends, .... W. A. Graham, Trustee, ... Interest on Coupon Bonds, ... Interest on other Debts, ... Dividend Scrip, .... Loss and Damage, ... Taxes Paid, -
Negro Bonds, -
Right of Way, -
Travel Expenses and other Incidentals,
Balances paid other Companies.
Pay Rolls, -
Overcharges, (old) -
Advertising and Stationery, ... Bills payable, .... Other Debts Paid,
Cash and Cash items on hand & with Banks & Bankers, May 31, '74
14 Proceedings of the Stockholders
Statement shwving Receipts and Expenditures of the North Carolina
RECEIPTS.
From Lease of the N. C. E. R.,
" Interest,
«« Eents,
260,000 00
5,188 87 S 265,188 87
1,288 84
$ 266,477 71
-4
North Carolina Rail Road Co. 15
R. 11. Company for the Fiscal year ending May 31st, 1874.
EXPENDITURES.
Traveling Expenses and other Incidentals.
Loss and Damage.
Advertising, Stationery, Ac.,
Salaries, ... Legal Expenses,
Overcharges, (old)
Interest, -
Tax Account,
Eight of Way,
Balance Receipts more than Expenses,
$ 2.4.5M 40
16 Proceedings of the Stockholders
Exhibits of the North Carolina Bail Road
Amount of Assets on hand at the commencement of
this fiscal year, as shown by report, May 31st,
1873.
Amount from Sale Eeal Estate, -
" " Deduction on Negro Bonds passed to
Profit and Loss, - -
Amount of 1st payment Dividend, No. 13, of 3 per
cent, on 215 Shares N. C. E. E. Stock passed to
Profit and Loss, -
Amount from Eent Account,
" " Interest,
" Lease N. C. E. E,
81,362 09
486 00
525 00
645 00
1,288 84
5,188 87
260,000 00
81,848 09
1,170 00
266,477 71
$ 349,495 80
North Carolina Rail Road Co. 17
Company for the Fiscal year ending May 31d, 187-4.
DISBURSEMENTS.
Amount Expenses for the year (old)
' ; " (new)
Company's debt decreased,
ASSETTS.
Amount due from Station Agents,
" '• Other Companies,
" " Individuals,
" " Freight Exchanges,
" " " United States,
" " State of North Carolina,
" " Bills Receivable,
" "- " Supplies,
" W. A. Graham, Trustee,
Cash on hand,
52,366 61
14,508 63
11,684 73
7,052 13
12,116 46
424 12
210 48
11,683 09
3,920 55
5,963 12
15,914 28
77,991 91
$ 66,875 24
134,759 69
147,860 87
$ 349,495 80
J. A. McCAULEY, Secretary.
18 Proceedings of the Stockholders
North Carolina Bail Road Co.
20 Proceedings of the Stockholders
REPORT OF FINANCE COMMITTEE.
Office North Carolina Railroad Company,
Company Shops, June 27th; 1874.
To the Stockholder* of the N. C. Bail Road Company:
The Committee of Finance have discharged the duties required of
them by the By-Laws, during the past year. The Treasurer's ac-counts
have been examined at stated periods, and we find them cor-rectly
kept and the charges supported by proper vouchers.
The amount of bonds due for the issue of 1857, is $38,500.00.
Amount issued and known as 10-year bonds now unpaid and falling
due 1st Nov. 1877, is $170,000.00.
Amount of 20-year bonds due Nov, 1st, 1888, and now unpaid is
$210,000.00.
Respectfully submitted.
D. A. Davis, Clxn,
P. B. Hawkins,
Thos B. Keogh,
W. F. Henderson,
Donald McRae.
North Carolina Rail Road Co. 21
Address of Gov. John M. Morehead, delivered at
Hillsboro, in July (866.
The wise and sagacious statesmen who have taken thought as to
the best improvement to develope the exhaustless resources and in-crease
the wealth of North Carolina, have uniformly agreed upon
the one great work to effect that object, to-wit: One great leading
trunk line of railway from the magnificent harbor of Beaufort to the
Tennessee line.
The great, wise and patriotic philosopher and statesman, Dr. Jo-seph
Caldwell, made this improvement the subject of his thought by
day and his meditation by night. His visit to Europe and observa-tions
there quickened his zeal and aroused his interest in the work
to enthusiasm. His thoughts and his counsels on that subject he has
left on record for our benefit. He is gone. The scheme, and his
views on that scheme, survive. The great, good and wise Gaston no
less zealously advocated this great work.
Charter after charter, by the influence of these great men was
^ranted to effect the wurk, but the gigantic work was thought to be
too much for the limited means the State and her citizens could then
command, and the charters remain monuments of their wisdom and
our folly or inability to carry them out. A more successful plan, it
is hoped, was finally adopted—to do this great work by sections.
The North Carolina Railroad, your section, was the first under-taken.
The contracts on that road required contractors to begin on
the first of January, 1852, and to finish their contracts on or before
the first of January, 185G. On the 29th of January, 1856, the road-bed
was ready for the passage of trains from Charlotte to Goldsboro,
a distance of 223 miles. In the meantime other charters were grant-ed
for sections of this great work, and the 7th of June, 1858, found
the road-bed of the Atlantic and North Carolina Railroad ready for
trains from Goldsboro to Beaufort Harbor, and a few months there-after
found the trains running to within a few miles of Morganton
on the Western Extension, with the whole route surveyed to the Ten-
22 Proceedings of the Stockholders
nessee line, and considerable progress made in grading beyond Mor
ganton, which by the line of the survey for the road is distant from
the Tennessee line by the French Broad route, some 110 miles, and
by the Ducktown route some few miles more.
Here let us pause and take a survey of what has been done in
seven years towards this great work.
From Beaufort Harbor to Goldsboro, the Atlantic & North Caro-lina
Railroad Company have built 96 miles. From Goldsboro to
Charlotte you (the North Corulina Railroad,) have built 223 miles.
From Salisbury to within 4 miles of Morganton the Western North
Carolina Railroad have built 76 miles, besides a large amount of grad-ing
ready or nearly so for the superstructure, making in all 395 miles,
from which deduct 43 miles, from Salisbury to Charlotte, and we
have actually built of this great line 352 miles in one continuous
line.
Think of it ! Seven years ! I In the lifetime of a State or nation,
seven years is but as a moment in its existence. It would not cover the
dawing of its infancy. In the great day of a nation's improvements,
seven years would not be the sunrise of that day. "We have done
this great work in the twilight of our great day of Internal Improve-ment—
a day which dawned so beautifully upon us, but which be-came
enveloped in that gloom which shrouds the nation in mourn-ing.
But let us despair not. That day which dawned so beautifully upon
us will yet reach its meridian splendor. Then let us be up and do-ing
that which we, ere this, would have done, but for circumstances
we could not control.
Already Tennessee is pushing an arm of her Virginia and Tennes-see
Road from Morrietown to the North Carolina line at Paint Rock.
She will shortly connect Cleveland with her Ducktown copper mines
and the North Carolina line near that place. Shall we meet our love-ly
daughter at the line and welcome her to the maternal bosom ?
—
Surely, surely we will, and then the hopes, the dreams of the great
and good Caldwell and Gaston will be realized.
The trade of Memphis will find its wared and best Atlantic port at
Beaufort Harbor. East Tennessee will find herself within less than
North Carolina Bail Road Go. 28
a day's travel of the same port, while the exhaustless mines of Duck-town
and our own mountains of minerals will crowd our freight-ed
trains beyond their capacity for transportation.
Can we do it ? Yes ! Yes ! ! And we will if your powerful body
will only say the word and the Legislature will permit you to do it.
You have the honor of being the pioneers in this great work, ex-ecuted
in sections. Do yourselves now the honor to consolidate the
whole and complete the original design. You, the most powerful
and most independent of the three corporations, can, with much
grace propose to your sister corporations consolidation upon terms
of justice and equity, manifesting selfishness in naught but your
name. Yield not that. The new consolidated corporation should
be still "the North Carolina Railroad Company." This will be a
corporation worthy of you, of your State and of the great destinies
that await it.
It has been proposed to permit the western section to go into
hands that will complete it. Resist the proposition with all your
might, strength and influence, except it be to bring it unto the con-solidated
corporation. Let no corporation stand between you, and
the trade of the vast west, within your own State.
You may ask, will the consolidated corporations be able to com-plete
the line ? Unquestionably it will. It will be a corporation
possessed of property already costing some eight or nine million of
dollars, well and cheaply invested. The consolidated debt of all
these corporations will be a mere trifle compared to its ability to pay,
and with its great capital and large income it will meet but little dif-ficulty
in raising the means to defray present indebtedness and to
complete the line. And when completed, who can predict the vast
consequences resulting from its completion ?
I desire to put the prediction upon record, as I now do, that if
this scheme of consolidation is successfully carried out, that in less
than five years after its completion, the net income of a single year
will pay every debt now owed by the three corporations; that the
net income of the next two successive years will pay the whole cost
of the completion of the road to the Tennessee line by the nearest
route; and the next year or two years' net profit will pay the whole
24 Proceedings of the Stockholders
cost of the road from the fork to the Tennessee line by the other
route; which will be the more direct and profitable line—the con-struction
of both of which lines, in due time, I would most earnest-ly
recommend.
I take it for granted, opposition to the consolidation of the Roads
will arise. To witness the struggle of the lines now connecting with
your Road, for the little straggling freight that now passes over it,
is presumptive evidence that they will resist consolidation, lest all
the freight will pass directly to the ocean by your own line. Heed
them not I Consult only the great interests of your own State and
of yourselves and thereby you will consult even the interests of these
| opposing lines, if they but knew it
The drippings and leakage, by the wayside of this great, overtaxed
freight trunk line will give them more freight than your whole Road
now yields them. Besides, this higgling and underbidding about the
price of freight, will cease, and your Road will dictate its own terms
of transportation.
With this great freight line terminating on your own excellent
harbor, what commercial advantages may we not hope for?
But there are those who pretend to doubt the capacity of our har-bor
for extended commerce. Refer such sceptics to the fleet of up-wards
of three hundred war vessels and transports which so lately
rode safely on its bosom. Our own lines of weekly and monthly
steamers, will carry our own produce, in our own vessels from our
own port across the Atlantic to THOSE who do not trample upon
our rights, nor impose taxes without representation.
We shall then avoid those wasting exactions made at the North in
the charges for freight, fire insurance, marine insurance, advertising
city taxes, wharfage, drayage, storage and labor, with the commis-sions
on the whole, which often leaves scarcely enough to pay the,
express company for bringing back what they foot up as " net pro-ceedh."
We shall also avoid being thrown continually it contact with
those, Avhose leaders seem to be more inimical and vindictive towards
us in peace than in war, and who seem determined to lay waste the
North Carolina Rail Road Co. 25
whole fabric of their own constitutional protection, that they may pour
more gall and venom over the land already desolated by their swords
and their torches.
Let us avoid offending them by our presence, and when a more
propitious conjunction of the planets, which seem sometimes to mad-den
whole nations and peoples, shall restore our quondam brethren
to something like reason and common sense, perhaps they will remem-ber
the Fourth of July, the Declaration of Independence, the Bill of
Rights, the Constitution, Habeas Corpus, and their own security and
personal liberty.
With this great trunk line in full operation, a weekly line of steam-ers
could hud continual employment to foreign ports. And, if to
its interests to do so, this powerful corporation could establish the
line in a few years by its own means.
Should you doubt the policy of embarking in the construction of
the Western Extension at this time, consolidate the two Roads al~
ready completed and witness the advantages derived therefrom.
Doubtless the Legislature will grant the desired charter, if a com-mittee
of your body were to ask for it, in your behalf, and your Eas-tex-
n friends of the Atlantic and North Carolina Railroad would leap
for joy at the prospect of so much freight crowding their road.
It will take sometime to get the matter judiciously arranged and
the sooner the subject is agitated, the sooner action will take place
upon it. Very respectfully your ob't servant,
J. M. MOREHEAD.
LIST
Names.
Gheen, G. H.
Green, George
Grice, George W.
Green, R, S.
Gluyas, Thomas
Gluyas, William
Goodman, Henry
Gulley, Wm. Gaston
Guion, J. A.
Gregory, Richard J.
Gray, J. A.
Graham, John W.
Graham, William A. Jr.
Graham, James A.
Graham, Joseph
Gulley, Jos. P.
Graham, Susan W.
Gaither, Thomas H.
Graham, Augustus W.
Hughes, A. G.
Hazelle, Bennetti
Holt, E. M.
Holmes, Wm.
Holt, Peter F.
Holt, Jerry
Harden, Peter R.
Holt, Jacob
Harris, Kiah P,
Harder, Joseph
Harris, Solomon
Harris, William S.
Harris, Charles J.
Hargraves, Alfred
Hart, Henry
Hedrick, John L.
Hedriek, B. S.
Hedrick, J. A.
Harris, T. D.
Hairston, Peter W.
Hiatt, Wilson
Hiatt, David,
Hanner, Samuel & Co.,
Hendrix, James
Houston, J. H.
Hackett, J. C.
Holt, John
Heartt, Dennis
Heartt, Edwin A.
Harrison, B. P.
Horah, John M.
Heathman, Wm.
Harris, George
Heart, Levi A.
Haywood, Geo. W.
Hill, Fred C.
Holmes, M. L.
Haywood, Richard B.
5
11
1
1
10
5
5
9
11
5
5
5
100
1
5
1
5
1
14
139
1
1
1
1
6
2
1
5
5
5
20
5
15
3
3
2
5
1
1
5
1
10
1
1
2
2
1
2
5
3
5
4
1 I
141
5 I
Shares.
Hines, Richard 5
Hogg, Thomas D. 10
Holleman, W. H. 2
Haywood, Fabias J. 10
Harrison, John R. 19
Hamilton, Robert A. 12
Haynes, Wm. H. 2
Hoyle, Mrs. E. W. 5
Horrell, Josiah 4
Hooker, O. W. 5
Holmes, Reuben J. 116
Holt, Joseph S. 3
Holt, James H. 1
Holt, R. D. 3
Holt, Henrj 4
Houston, Joseph A. 1
Hawkins, Phil B. 10
Hiatt, Nathaniel 1
Hendon, Lydia M. 7
Hughes, Samuel W. 1
Holt, C. G. 2
Heilig, Paul N. 40
Hall, Win. J. 3
Heathman, John N. 3
Holt, T. M. 20
Harvey, Mary A. 1
Hathaway, J. L. 40
Heartt, Mrs. Alice E. 1
Huffman, D. W. M. 1
Harvey, L. 5
Hay, Thomas 5
Heron, Wm. 50
Henderson, Wm. F. 5
Humphrey, L. W. 75
Hays, M. T. 2
Harris, M. A. 2
Harris, S. W. 5
Holmes, M. L., Trustee, 5
Howerton, S. W. 1
Harris, Hammet 3
Harden, Mrs. Sarah E. 6
Hollingsworth, James W. 11
Holt, Catherine 3
Hill & Skinker, 20
Ipock, Arthur 5
Irwin, John F. 1
Jamison, James 10
Jones, Pride 1
Jones, Wm. H. 1
Jones, Wesley 5
Jones, Kimbro 10
Jenkins, Joel H. 78
Johnston, Charles E. 5
Johnston, George W. 15
Johnston, Nancy 1
Johnston, Lydia 7
Johnston, Charles W. 7
Names.
Justice, J. C.
Johnston, Mil?is W.
Johnston, Levi E.
Johnston, D. W. C.
Johnston, Win., Trustee
Johnston, S. X.
Jones, Dena C.
Kerr, D. W.
Kerr, Samuel
Kirklaud, John U
Kamrweiler, S. B.
King, Elarn
Kclley, Charles
Kirkman, Leven
Kerr, Martha J.
King, Elani. guardian.
Kinimons, Dorcas
Keistler, Wellington L.
Knox, Mrs. Eliza H.
Keogh, T. B.
Kornegay, W. F.
Long. J. M.
Lindsay, Andrew
Lambeth, Jane
Lambeth, D. T.
Logan, J. E. & Isabella
Lindsay, Jesse H.
Leonard, Jonathan
Lamb, C. & J.
Lamb, Anderson
Latta, John C.
Lattimer, C. M.
Leslie, Robert
Leach, M. W
Leach, L. M.
Lippitt, J. J.
Little, Geo.
Leathers, James S.
Love, J. D.
Latimer Zebulou
London, John B.
London, Fred Hill
Lambeth, B. S.
Logan, John E.
Lindsay, A. D.
Loftin, David
Mauney, Ephrim
Mauney, Valentine
McCullock, Josiah
Moose, Daniel M.
Moose, John
Moose, John F.
Morrow, Wm. P.
Mebane, Giles
McCachern, J. E.
Meanes, Wm. C.
.Miller. Daniel
Morris, P. M.
Shares.
16
3
1
1
120
33
6
5
5
10
1
2
5
2
6
3
1
27
15
88
45
11
5
2
12
3
50
1
1
]
1
16
25
5
1
1
2
5
1
182
4
25
10
3
1
5
13
13
2
1
10
1
10
50
4
20
5
1
Names.
Morrison, J. E.
McCauley, Hugh
McDonald, John
Murphy, John
Moss, A. H.
Mendenhall, Judith J.
McLean, F. B.
Mendenhall, C. P.
McCullock, J. D.
McLean, J. M. A Co..
McLean & Co.
LcLean John M. , Jr.
,
Miner, James
Millis, James N.
Mebane, W. M.
VlcAdoo, C. N.
McLean, Thomas G.
Mendenhall, R. J.
Mclver, James
Mitchell, Elishua
Mcllwain, A. G.
Milliken, Eleazer
Myers, Ezekiel
Myers, Myer
Murdock, William
Mears, J. L.
Mears, Gaston
McRee, A. C.
McRae, John C.
Mordeeai, Geo. W.
McRae, Donald
Morris, Jere
McKee, Wm. H.
Marriott, James T.
Marlin, John
Melchoir, Chris.
Misenheimer, Joseph
Moss, Margaret E.
Moss, Mary J.
Moss, Edmund A.
Moss, John A.
March, Edward H.
Moss, J. B.
Malone, John
Moore, Dr. John A.
McAdoo, John
Morehead J. Turner
Myers, William B.
McAlister, A. C.
McPheters, A. M.
Murray, Albert
Morehead, John L.
Morehead, Eugene
McRae, Caroline A.
McRae, Donald, guardian,
McRae, Roderick
McRae, Walter G.
McKimley, Charles D.
2
20
6
1
3
1
2
2
1
4
5
1
1
2
1
6
1
1
3
8
15
1
34
104
3
2
1
1
220
80
160
9
1
1
1
10
10
1
1
1
1
4
5
16
1
9
9
224
1
2
2
302
14
10
22
10
25
1
30 North Carolina Rail Road Co.
Names.
Moore, A. G.
Murphy, Mrs. Susan W.
McCubbins.J. S. guard. C.
McCubbins,J.S. guard. S.
McDonald, Kobert E.
Murcbisou, K. M.
Morebead, J. T. jr.
Mock, Charlotte C.
McDonald, James E.
Michanx, Richard V.
Miner, James B.
Mebane, C. P.
Morebead, J. T. sr.
Murray, W. J.
Miller, Bettie A.
Maxwell, D. G.
Mail, A. T.
Martin, Sarah E.
Murrow, Joshua S.
Newlin, John & Son
Neal, Elam
Newlin, James
Newman, Joseph
Nutt, H.
Nixon, N. N.
Nelson, C. J.
Norris, Jesse A.
Neeley, Providence
Norwood, John W.
North Carolina Bail Road
Nixon, Mrs. E. A. guard.
Overman, William
Patterson, Geo.
Parker, J. W.
Phillips, James
Poole, Wm. R.
Primrose, Eliza, guard.
Palmer, John C.
Purify, J. L.
Pharr, H. S.
Perry, R.
Peace, William
Pharr, Samuel
Pharr, William R.
Plunkett, Mrs. Francis E
Pharr, John C.
Parker, Henry O.
Patterson, Samuel F.
Parker, Sarah, Trustee
Phifer, John L.
Pass, J. C.
Patterson, R. L. guard.
Pegram, M. P.
Patterson, R. L. guard.
Phifer & Cannon,
Parks, D. C.
Porter, Mary E.
Shares.
W. Murphy 6
W. Murphy 6
1
40
5
G
2
12
10
2
22
2
1
1
1
17
2
10
1
3
1
12
3
1
5
3
30
Companv 215
8
5
1
1
5
19
5
2
1
1
1
10
5
7
5
3
5
5
5
72
20
10
44
1
29
5
5
Names.
Pennex, Flora A.
Phipps, Rob't S.
Pegram, M. P. cashier
Pullen, R. S. Trustee
Pullen, R. S.
Page, E. F. A- W. H. Bragg
Perry, S.
Roberts, B. B. A D. A. Dav
Roberts, B. B., Trustee
Ray, Angelletta
Reed, Joel
Roney, B. F.
Riley, George
Roberts, W. W.
Rowlett, John
Rives, Francis E.
Ruffin, Peter B.
Robbins, Abi
Rice, John
Raulhac, J. B. G.
Rankin, W. W.
Rumple, Jethro
Rice, John, adm'r
Rice, John, adm'r
Rankin, Robert C.
Rankin, S. C.
Raleigh National Bank,
Ruffin, T. jr.
Reynolds, Hugh,
Rodman, W. B.
Rumple, Catherine
Reid, Hugh K,
Royster, Maria P.
Rountree, R. H.
Rankin, Louisa M.
Rankin, Henrietta
Shoffner, Michael
Scott, John
Simpson, T. R.
Scott, Henderson
Smith, G. A.
Stirewalt, Jacob, jr. guard.
Stirewalt. Jacob, jr.
Stewart, A.
Stewart, James A.
Sellars, Benj. A.
Smith, M. D.
Stewart, Robert S.
Shaw, R. P.
Shaw, W. S.
Stafford, John B.
Stratford, Henry B.
Stanly, E. R.
Shaver, John I.
Sasser, Mrs. L. D.
Smedes, Aldert
Selby, Thomas H.
Shares.
9
2
40
44
34
, Trustee 5 j
2 j
is. Exec't 98
4
5
l
l
ll
1
10
5
5
1
10
16
1
3
3
2
5
20
1
5
40
1
4
7
5
3
1
5
2
1
5
1
5
5
1
2
1
5
1
1
1
5
2
16
503
15
Names. Shares.
Sullivan, A. N. 26
South Carolina Rail Road Company, 50
Shinpock, John 5
State of North Carolina, 30,000
Scott, John D. 3
Stephenson, David H. 1
Stowe, J. & E. B. 5
Sellars, Griffin 2
Strange, Rob< it 5
Swaim, Lyndon 2
Simrnonton, R. P. 7
Smith, W. A. 26
Southerlin, W. T. 30
Sasser, Millie, 20
Sasser, Ellen 20
Smith, Roger A. 10
Smith, C. W. 10
Scott, John 5
Scott, Fred R. 64
Springs, A. B. 150
Starbuck, D. H. in
Springs, A. B. agt. 36
Shaw, Eliza A. 1
Springs, Richard A. 25
Stafford, Samuel Mc. s
Settle, David 1
Smith, E. L. 1
Sowers, Jacob A. 1
Scales, J. I. 10
Shields, Joseph H. 8
Shields, William T. 2
Spicer, John D. 62
Summers, Elizabeth 1
Summers, Narcessi.i 2
Strayhorn, Sidney G. 2
Smith, Mrs. E. L. .3
Trolenger, W. H. 1
Trolenger, John 23
Trolenger, Jacob T. 1
Thompson, Patterson 1
Trolinger, James 1
Tomliuson, Euos 7
Thomas, Jesse 1
Turner, Wilford 29
Taylor, Fisher B. 9
Thacker. Isaac 20
Tinnen, David 5
Tinnen. C. C. 3
Trott. S. S. 1
Turner, Samuel 2
Tucker, W. H. A R. S. 43
Tall, John G. 10
The Trustee Sugar Creek Church, 5
Turrentine, W. H. 1
Thompson. Alexander, J. 1
Turrentine, James A. 5
Teiter, Dorcas S. 5
Names. Shares.
Tate, George \\
.
2
Tate, Hugh A. 10
Thomas, R. W. 29
Thomas, Mary 18
Thomas, W. D. 17
Thomas, J. Wesley 34
Thomas, I'. ('. 17
Thomas. IT. C. 17
Upehurch, Bartl y 1
Unt'iank. -it nnie 1
Vanbokkelin, A. H. 2
Vogler, Julius it. 97
Walker, Morgan A. 1
White, S. A. 1
Watson, E. F. 2
White, Samuel M. 1
Watkins. Samuel 1
White, R. J. 1
Winecoff, M. 5
White, A. M. 1
White, W. C. C. 1
Wid inhouse, M. 5
Wilson, [saac 31
Whit,.-. A. B. 1
Winecoff. R. 1
Watson, J. S. 1
Wharton, John 5
Wharton. J. C. 2
Wiley. Shannon 2
Wilson. William 1
Wharton. David 10
Wharton. Watson W. 4
Weatherly, Joseph A. 1
Watson, John 1
Webb, Thomas, 43
Wilson, Alexander, jr. 1
Wilkins, Edmund 6
Withers. Thomas 5
Whittord. John D. 13
Wood, W. A. 1
Wright, W. A. 5
Wright, Thomas H. 10
Watson, J. W. B. 50
Wilson, Samuel M. 5
Williams, Alfred 3
White, J. B. 1
Womble. Jordan 2
Williams. H. 2
White, Georcre W. 1
Wilson, Thomas J. 5
Walker, Sarah 2
Worth, Daniel 2
Williams, Sarah A. 5
Walker, Mary 2
Wr
hite, C. R. adm'r 5
White, C. R. guard. 5
Wagoner, Simeon 1
3% North Carolina Rail Road Co.
Names.
Wilson, Robert
Walker, Mrs. L. H.
Welker, George W.
Wilson & Shober,
Webb, James, jr.
Wiley, S. H.
Woodson, Obadiah
Wharton, C. E.
Weir, Mrs. Susan J.
Wharton, Jesse E.
Westbrooks, Mrs. A. I
'
Williams, Margaret C.
Williams, John G., President
Shares.
1
11
20
309
34
71
1
10
27
1
1
10
5 I
Names.
Welborne, John H.
Winston, A. H.
Williams, John G.
Wilson, Joseph H.
White, N. G.
Young, R. S.
Young, J. 0.
Yorkeley, Samuel
Young, Moses D.
Yates, C. G.
Yates, William -I.
Young, W. M.
Shares.
41
2
1
20
5
5
1
9
2
3
15
1
I
dLcv--$ r t*>C>£ofrCLwS<to
^^-Ti^ast 0+%*Zt*%u*^ tjC
t.
SBK*.
hm
MP
•
;
;