The Charlotte Democrat

Wil., Char. & Ruth. Railroad.

A meeting of the Directors of this Road was held in this City on Thursday last—Mr. Martin, President of the Road, was present and presided. The meeting was held for the purpose of consulting in regard to the proper course to raise funds to complete the Road from Wilmington to Charlotte, and from Cherryville to Rutherfordton.

The present Board, when it came into office, expected to receive from the former Board two or three hundred thousand dollars, but instead of that found an increased debt, besides a demand from a New York man named Pickerel for money which he says he advanced to the former administration! The present Board has actually had to pay for the land on which the Depot at Charlotte is built, with interest since 1859!

At the meeting last week the Board considered propositions from capitalists to advance money enough to finish the Road on certain conditions. The President was authorized to proceed to New York and make such arrangements as were indicated by the Board.

From what we learn we think the prospect is cheering for an early connection between Charlotte and Wilmington.

Our Rutherfordton cotemporaries having expressed some anxiety about a rumor that the present officers of the Wil., Char. & Ruth. Railroad intended to change the location of the Road so as to divert it from Rutherfordton, the following resolution, on motion of Mr. John L. Brown of Charlotte, was unanimously adopted:

Whereas, There seems to be an impression on the minds of some persons along the line of this Road, that the present Board of Directors desire or contemplate changing its original location, therefore

Resolved, That this Board is opposed to any change in the location of the Western Division, and earnestly desire to complete the Road to Rutherfordton at the earliest day possible.