Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1853-11-18

" Railroad freights, 112,582 %
Of mails, &c. 1924 IS
-- s56s, 1893 81
TRANSPORTATION.
Of LOCOMOTIVES $s7 ga 95
R epairs of coaches Cars &c IS 468 ~
Interpretations, including
--$l55 2ss 70
ROAD REPAIRS.
Forpay ofoverseers, hands, 80, 600 40
Subsistence Cloth'g 957l SO
''' u ''A'ilA' 800 45,o54 81
FF sspf s 4s,5ss p p
Subsistence and Pay, 1928 46
Office expenses, S65 81
--ss48,3O7 OF
Difference, s22O,5s2 66
To which add assets on
hand at the beginning
Sales of Old IRON &C., 1918 So
Capital Stock paid in, 1885 D. $4,000 81
ss75, 1893 q
Out of which there has
been paid for interest
Dividends den SA Nos snds, ' 1855 50
1851 80
on hand, I24,964 26 1902 6s6 O6
'1'"t counted sUH ted for 'I as fol- 1857 21
We have obtained certificate from the Wilmington and
Manchester Railroad Company for 1000 shares
of stock, valued at 100000 90
On which there had been paid and charged in
last years account s $3.50 50
| Leaving to be paid 94ll9 so
Which has absorbed the above balance of 81, and
| increased the Company's Indebtedness $2l .562 %.
| For further statement of the liabilities of the
Company you referred to the Treasurers account,
marked A.
By comparison of receipts and expenditures, it
will be seen thai our receipts have exceeded those
of the last year. $58 $50 90, showing increase in
the business of the company we'll calculated to in
spire confidence.
| Although our expenditures have also increased
$22,397 Is, yet examination of the items, it will
be seen that this increase is made up principally in
the purchase of motive power and freight Dur
ing this year two first class locomotives and 40
Freight Cars have been added to our stock, at cost
of $4,000
The business of the Company has been carried on
with regularity, and DISPATCH and we are grahed to
be enabled TO say, without serious accident.
I 1t will be seen, that local business the Road
is still on the increase To this source we may con.
hdently look for permanency, rival improve.
ment, which it is probable be constructed can sue
cessfuly compete with US in this department of oul
revenue. II is also gratifying evidence of the
general improvement and prosperity of the country
along the line of our Road. In i841, the first veal
after the completion of the Road the receipts from To-
cal travel was $8,075; they are now Sl38,148 40
the freghts the same year. amounted to only $29,
RI 1876 81, they reach $l12, 582 %, making diff
ference in the total local business Of the Company
$212.928 SO between the years 184l and 1853
This may be taken fair indication OF the pro
gress of improvement in Farming and other ndustra
pursuits of this portion of the State and it is
of qualification TO look at this gradual development
the productive interests and 10 feel conscious tina
our Road has contributed largely thereto. The pros
perity of our Road and of the country, go hand il
hand together; as the country is improved, the re
Gel PTS of the Road increased in a corresponding
proportion. To those interested in the Road there
fore it must be gratifying to notice the spirit of i'm
provement abroad in the land. as it is sure indica
ton of our onward march, and calculated 10 inspir
confidence in the permanent value OF the stock of tn
: Company.
0 The probability that the Wilmington and Manches
Ter Rail Road will be completed by the end of thi
or early IN the coming year, suggests the prophet
OF our taking action upon the disposition which it
!, proposed TO make of the Steamers Of the Company
and of their Wharf in Charleston, S G. This sui
ject is resecfuy submte for your consideration.
Out of the nett profits of the year the Board hnv
declared two dividends, So and mother of 81, O
e the share, making per
- 1t has been suggested that branch he construce
l., from our Road TO the Coal Mines This subject
respectfully submitted for your consideration.
1t is also thought that the establishment OF Trans
fer Office in the City of New York would tend mat
rally to advance the value of the stock, and it woul
be we'll for the stockholders 10 take the subject I'M
g consideration, and if advisable, 10 give the
h authority to the board of Directors 10 establish sue
N an Office under proper regulations.
10 Herewith you have the report of the Examining Con
mittee, the table of receipts and expenditures for ii
current year, Comparative table for the past year.
n the Treasurers returns for the year. All of whit
'e is respectfully submitted on behalf of the Board.
g. ALEX. MACRAE, President.