Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1854-11-22
$l,274,200 90

Estimating these Stocks at par, they amount to
1922, l30 more than the debt of the company; but
to issue the Stock remaining OF this company, would
be bad policy, so long we pay but an average of
per cent. interest debt, while on the Stock
alre .dy issued we arc enabled to divide per cent
which would obviously be reduced if the number of
shares increased. By prudent management
there is no reasonable doubt but that we can con-
tnue to pay from to Z per cent. dividends, and
gradually sink the debt before it all becomes due.
The business prospects of the Road are improving.
The North Carolina Road will soon be completed to
Hillsboro', when VIC may reasonably expect large
addition to freightng business, from region Of
country from which we have heretofore received
nothing; and we possible reason for
dmnution of our business, but OH the contrary fiat
tering prospects of a large increase.
Your road is now in good condition, and it is well
stocked with motive power and cars. There are
eight first class passenger engines, and seven first
class freight engines, besides number of second
class machines, most of them, but of little value to
now since a better class of machines have been
introduced upon the Road. We, therefore, cannot
any just reason for necessity for any great
outlay in this department FOR the coming year."
The other portions of the Report are devoted to
work done during the year." Rates of Trans
portation," &c. The exhibit made by the President
and Directors is most gratifying. This noble i'm
provement is now realizing the expectations of its
early friends and its prospects in the future under
prudent and efficient management, most cheer
ing.
w We observe that Messrs. Hogg and Haywood
gentlemen of much spirit and enterprise in business
matters, about completing near this City,
tablishment containing variety of machines for
working in lumber and timber, and also for grinding
grain. They will have in operation Beardslces pa
tent planning machine, and tonguing and growing
machine; also Sitting and cutoff saws for reducing
plank to any desired length, breadth or thickness
a scroll saw, for saving all kinds of ornamental
work for carpenters, cabinet Makers coach makers,
&C.; morticing and boring machine combined for
mortcing sash, doors, blinds, hubbs shutters, &C..
tenonng machine for cutting lemons of every descrp-
ton moulding machine for mouldings of all sizes
Daniels machine, for planning all kinds of heavy
timber not within the capacity of the Beardslce ma
chine large wood turning aths for every description
of wood turning from the largest columns for porti-
cos to the most delicate cabinet work; two large
grndstoncs of three and four feet diameter for grind
ing tools; also, a patent hominy mill, and an i'm
proved gris mill for corn. The Beardslee machines
above referred to, are capable Of planning, tongung
and growing in the best possible 10000 feet
of plank per day. of all widths and thcknesses from
fourteen inches by two and half to one inch by a
half inch. The whole is driven by a steam engine
of thirty horse power which, for design and beauty
of workmanship, is not surpassed by any engine in
the State. The engine and all the labor-saving ma
chinery are of the very best quality, and combine
the latest improvements. They were selected with
much care and furnished by Mr.. Henry G. Bruce,
superior machinist, of this City, who has given
his personal attention to the location and arrange
ment of the engine and machinery. The cost Of
the entire establishment we learn, will be about
$4,000.
The Importance and benefit of such an establish
ment to the community, must be apparent to every
one. We trust that DR.. Hogg and Gen. Haywood,
who have thus liberally>investcd their MEANS will
be richly remunerated for the outlay of capital,
well as for their time and attention given to the
business. -
..r--s = G