The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1854-01-31


cent each, amounting to.......... 3ll,376
And transferred balance Of. ..... -. sl52592Gl
to the credit Of Surplus Income for the year.
Statement contains the items of Current
Expenses, (ordinary and extraordinary in ad
dition to its details of gross receipts from all
sources, and expenditures upon capital aud
other accounts for the year.
The items classified as &c Extraordinary cur
rent expenses" are-in the Transportation de-
partment, for the enlargement and repAration
of old, and the erection of new platforms at
Charleston, Augusta and Columbia; half cost
of Plank Road in Augusta; pankng and
draining cotton yards, new office for down
freight agent, aud new house for Company's
hands in Charleston. In the Road depart ment,
for building turnout at Johnson's grading at
Columbia and Junction Charlotte Road, finish.
ing bridges, &c.
Statement c exhibits the state of the Prop
erty of the Company. The reduction in the
item property in Road" is explained by re.
ference to Statement F.
There has been an addition to the Land &C
count, by the purchase of property in Charles
ton, situated in John street, for the enlarge
ment of our freight accommodations and in
Sheppard street for the erection of new pas
senger station; and the increase in other items,
and the appearance of new ones, as compared
with the year 1852, will account for the increase
Of the balance Of Indebtedness, as set forth in
the statement D, containing the particulars of
the Debt account.
Statement E. shows the disposition of the
surplus income.
Statement F presents the State of"property
in the road having reference to that item in
statement C..
Statement G., Interest and Exchange, do
mestic and foreign, paid end received during
the year.
The usual tables, exhibiting in detail the
receipts of Cotton, &C.. comparative view of
business, condition of rolling stock, materials
and machinery on hand, &C., are annexed, and
require no comment.
For more particular information for the first
six months ofthe year, reference is requested
to the report of ex-president Conner, of the
30th Of June.
The road will require extensive improve
ments during the present year. The trestle
work on the new roud to Aiken should be en-
banked within the next three years, and ought
to be commenced without delay.
Two and half miles of the old fange iron,
near the Edisto river, must be taken mp and
Replaced with T rail.
~ The injuries done to the Columbia branch,
near the Congaree, by the freshets of 1852,
have not yet Leen fully repaired; it is still
measurably exposed to damage from same
ot,n ba do
remedy its defects and place it as early as
possible in substantial condition
The building of a new bridge across the Wa
teree without draw, as authorised by our
State Legislature at its last session, has been
put under contract, and all necessary arrange
ments made for its early completion.
The contracts for the timber for trestlng
through the Wateree swamp are being made,
and the utmost despatch will he used with the
work.
The cost of bridge and trestle will be borne
equally by the Wilmington and Manchester
and this Company under the existing arrange.
ments between them.
Ten miles of the Camden branch need re.
building. The material for doing so is now
being distributed, and large force will be put
at the work next month and in a short time
it is hoped to have this section of the road in
complete, order.
new passenger and freight depot are want.
ed at Columbia. A new Car Factory and ad-
ditional accommodations for housing our accu.
mulatng motive power are wanted at Charles
ton. The absolute necessity of erecting them
at once, the increased cost at which we must
supply ourselves with the means for doing so,
and for keepingnp our entire property to the
point essential to prompt, safe, and credita-
BILE performance of onr business Obligations,
will prevent the company from making that
quick progress with the double track at first
contemplated. The work will be continued
however, as the Increasing wants of the trans
portation department may require
During the past year the Savannah river at
Augusta has been crossed its beneficial infl.
ence upon our business has already been sensi-
bly, felt, and we confidently look for larger
future accession to it, and for an increasing So
cial and commercial intercourse between the
two States. Our affairs have been conducted
there with regularity, economy and despatch.
The short cotton crop last year will affect
TO some extent the freight income of the Road
for thisyear. 1t is hoped, however, that any
decrease that may occur in that division, will
he more than counterbaanced by the opening
of connecting routes, diverting to our road new
business, and the local trade along the line rap
idly developing itself.
The future prospects Of the company are
full of encouragement. With energy properly
directed, economy judiciously exccised, its
stock is susceptible of being made equal to
any in the country. With the full assurance
to its Stockholders Of their property being in