The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1853-08-03
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REPORT
nffAs PssiSslf s'as Ilirs1iagssf a. Md c.
Esans Rail Rsad cs-Pass.fs a Ssekka4k
ssd a. A.'aaal hssiizg Alld % Suls4ssrs.
lfh II tis. lsk3.
GESuxxEs:-Sinee the last Annual
Meeting Of sapr body. fhe Directors
sseertziued IN Decrmber last, dat the
sum Of i've handred thossand dollars
had been paid into the Treasury Of the
Company by individual stockhalders
which Tact IVES duly certified under the
seal Of Che Corparatien ta The Beard a
internal Improvements, as required by
che Charter. The subscriptions nf two
millions az dollars TO the Capital Stock
OF tins Company on the part Of the
State, was forthwith made by aid
Board and the public Treasurer has
paid into the Treasury of this Comm.
nv. hre hundred thousand dollars ON
the part Of the State, Of which four hum
dred hoasshd were paid prior to the
LIST inst. and one hundred thousand
since.
From the high credit of our State,
and The premium at which her Bonds
sell, and from the assurances on the
part Of the Public Treasurer oS his de-
termination Co meet the engagements
an the part Of the State with prompt-
ness. the Stockholders may rest assur-
ed. that 20 pecunIary embarrassment
will retard their operations SO long as
they are faithful to ihemseIyes.
'sr. DIyIsIoS.--It will be recollccted
that the caasract for the completion Of
ahe eatire Road. ON the first Division,
was let 70 Messrs. John G.. McRae G.
Co.; the work to be finished by the
hrst of January next. In consequence
Of the delay Of the arrival Of the iron
AZ an early day Of the present year. the
contractors we're prevented. until within
a few weeks past. from LAYING down the
track /: considerable quantity Of iron
having arrived. and The LAYING &c it upon
the line Of the Road having commenced,
u is to be hoped there viii be no fur.
ther delay IN the progress of the work.
The Board extended the time to the
first Of April next, for the completion
OF their contract on this Division, on
account Of the late arrival Of the iron.
GRADINo.--0n the other three Divi.
sions Of the Road, the grading is pro.
crossing rapidly, and. with but few ex.
ceptions, il is believed. will be finish
ed within the time limited. Should
any contractor be likely 10 delay the
laying dawn of the superstructure of
any part Of The Road, by failing to grade
his contract in time, he will be requir-
ed to put on additional force to do the
work.
MAsoSRY.-Tbe Stone Bridges at
Bull Run and Sugar Greek. aud the
Ahptnenis and Piers for the Bridges
at Rocky River, Caudle Greek, Irish
Buffalo, and the Yadkin River, are g.
pished. The masonry Of the Culveris
along the whole line, is mostly finish.
ed. The abutments and piers for the
remaining Bridges are progressing. and
will be completed doubtless, BY the
time hey viii be needed.
SUpERsrRUcTuRg.-Contracts for the
superstructure af the Bridges at Rocky
River, Caudle Greek, Irish Buffalo,,
and the Yadkin River, have not vet been
reduced to writing. which will be done
in due time. Contracts for the super.
structure ot the reDaipigg Bridges will
be made as soon as the interests Of the |
Road may reqnire.
lRoy.-s contract for four thousand
tons Of Rails to be put on ship-board
in the months of March, April, and
May last, destined FOR the Port of
Charleston, was made last October.
with Messrs. Bauy. Bros. & Co., OF
England. at the price Of $44:y5 per ton,
delivered upon the wharf at Charles
Scn, free of all charge except the duty,
which this Company is to pay.
So faf, this Board:is in. possession
Of no advices Of the shipment of any
portion Of the iroa, but the contractors,
Messrs. Baily. Brns, < Co, by their
SCENTS, assure the Board Of their anx-
ious desire to meet their engagements, |
but are prevented from doing so. from
tae impnssibility Of procuring shipping
at eysn double freights, which they
have offered. Within two weeks past.
their agent visited the Office of this
Beard and assured the President that
the iron was ready for shipment. which
would be done at the earliest possible
lay.
Arrangements were made with the
butterflies Of the South Carolina and
he Charlotte and South Carolina Rail
Roads. to deliver this iron promptly in
at any time between April
ind September but il is to be feared
hat some delay may be experienced
rom the great press of business upon
ihese Roads after September, should
the iron not arrive in time to be trans
ported by that period. But from the
courtesy and Kindness manifested to-
wards this Road. it is believed these
loads viii do all in their power to for
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