North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1851-11-15
$3.50 90
SI,I65,45O 90

$l,l65, $50 90
q sum $50, 3i6 Is greater than our debt.
As to the disposition of this surplus stock the au
ditng committee have made recommendation which
think should claim your serious consideration and
which it is for you to dispose of as you may deem
advisable.
1t will be perceived that a large increase in the
amount of Steam Boat and Transportation expendi-
lures has occurred during the past year. This has
been caused by the necessity of thorough repair of
the Steamer G.. Vanderbilt She has been rebuilt
from her keel up, her machinery renewed in every
part where the slightest defect could be discovered
and she is now a new boat in all but her name: AL
So to meet the demands for Transportation the Board
deemed it to be the true policy to obtain sufficient
number of cars and Locomotives to do the business
of the road promptly, and to carry into effect this
purpose, two first class Locomotives and about 40
freight have been purchased and paid for during
the year, adding something 700 to the items
OF Steam Boat repairs and expenditures for Trans
portation.
The handsome increase on receipts from Rail Road
heights demonstrates that the expenditures in this
department were judiciously made.
Notwithstanding the most persevering exertions on
the part of Engineers and agents of transporta-
ton TO forward the freight which had accumulated
IN consequence OF the destruction OF Neuse Bridge
by fire. on the 26th of June, it found 10 be ex-
tremely difficult to do These unremitting calls
upon our motive power, and the liability accident
to more of our Locomotives induced the Board
to order additional Engine, which is to be dev-
cred in April next. This together with one which
we are having constructed in the shops, will place
the company in possession OF ample power to meet
the demands in this department.
We take pleasure in stating that company has
never been In as good condition to carry its oper
atoms as at the present time, the Road being we'll
stocked with locomotives, coaches and freight cars !;
all In excellent order, and our Steam Boats in like
good condition, with the exception of the Dudley,
which will require repairs this year. '.r.
In our report to you at your last annual meeting.
the opinion was expressed and confidently believed
that before this time we should have completed the
relaying of the Road with the heavy Iron Rail- but
owing TO circumstances we could not control, we
have been unable 10 fulfill this promise. We have
lost nearly two months waiting for Iron, and during
the month of July could not lay down rails ow.
We have yet about ii miles to relay, the Iron for
which is daily expected, bills of lading ior car.
goes having been already received.
We had hoped at this meeting to present you with
account of the entile expense Of Reconstruction
whereby you might the whole cost of the Road
to date. We regret that we have been disappointed
in this, but we gratifed in saying that our anti
ciPatons OF the saving in expenses, consequent up
the reconstruction of The Road in eyery depart-
ment in which we have been enabled to test Them.
have been fully realised.
The Road so far as il has been relaid comnares "a
voraby with the best roads in our country instead
of the complaints and denunciaiens of travellers
which have been heaped upon US for years, without
stnt and which were 20 some extent deserved when
our old fiat bar road in we hear from all com.
lnendation and praise for the ease and speed with
winch they are transported over our line.
curing the year contract was made, TO embank so
Muen OF the truss work at Rockish and Neuse Riv-
ser' as was deemed safe close up. The smbank-
Nsnt on me south side of Rcckfsh is now nearly
eotnPseed, and that on the north side in state 8,