The independent press. (Abbeville C.H., S.C.) 1853-1860, 1855-07-20
Annual Report of tho President and Di-
reotors Of the q. g. o. r. r. Company.
OFFICE G. & G. r. r. Co.,
AnnrnrI1 I,,i.. an 1ose

ABBEv1LLE, July 10, 1855.
To the Stockholders Of the Grsenv;iie and
Columbia Railroad Company:
The President and Directors submit
the following Report for the year end
ing the s1st May last
1t will not be expected, however interest
ing it might be, that we should, in Re-
port of this kind, give minute and detail
ed account of all the workings Of the Road !;
the Reports herewith submitted of the
General Superintendent and of the Auditor
and Treasurer will furnish you with as much
of these details as we can in this form give
We will, however, call your attention speci-
ally to some Of the most important of these
matters, and invite your action upon some
subjects that seem to involve the permanent
interests Of the Company.
To sustain good character for the Road,
and maintain its credit uuimpaired, have
ever been objects Of great solicitude to the
Direction. The ability to do, without de-
lay, all the business offering, the success
which has attended the running of the
Road, and the promptness with which all
our liabilities have been met during a pro-
tracted money crisis, that has no precedent
in our memory, afford the highest evidence
that we can offer of the full attainment of
these objects.
The past year has been unbroken by
disaster. Not day of miscarriage-not
mail lost-not passenger injured during
its whole round. This success challenges
comparison with any other Road.
The Report of the General Superiutend-
ent will show what additions and improve
ments have been made during the year, and
the works that are still in progress. The
fire proof building for the Offices, and the
joint passenger house at Columbia, are
handsome buildings, we'll arranged for the
dispatch of business. The heavy works at
Broadway, in the neighborhood of Newber-
ry' upon the Abbeville Branch, and in the
valley OF Broad River, have given great value
and strength to the Road; so that we no
longer hear the calumny that this is rick
ETY. Road, exposed constantly to the danger
Of being swept away by freshets. We
trust that clamors like this are forever put
to rest. These improvements and additions
have cost the Company large sum of mo-
ney, not less than one hundred thousand
dollars, which has been carried into the
accounts of the Treasurer. We think
that this is money we'll invested. The re-
Communications of the Superintendent as to
further improvements are worthy Of D sid
| Grafton; and as soon as the means Of the
Company are sufficient to defray the ex-
pense, >, it would be we'll to take order on
the subject.
Two hundred tons of Railroad iron of
the L pattern have been purchased. It is
now in Columbia ready for use, and will be
laid down near Columbia in the place of
the fange rail, which is much worn and
needs replacing. AS our means will allow,
the work of replacing the fange rail with
a goos r rail, should be continued, until
all of tts fange rail now on our Road
has been taken up.
The income for the year is s27o,o42 4e
The income for the previous
year was 214,665 13
Showing an increase of S55,l77 SO
This increase has been principally in the
freights. The accounts show also an in
crease in the receipts from passengers, for
although ID there were not as many persons
travelling on the Road the last year as the
year previous, they travelled farther. A di-
minution in the number of travellers was
doubtless owing to the great scarcity of mo-
ney. With good crops and more plentiful
circulation Of money, we confidently expect
an increase from both freight and passen:
gers for the ensuing year.
Of the income s270.o42 40
There have been paid on ac-
count of expenses 1924 ID
Leaving balance ofincome of $77,s0l 27
The current expenses have been greatly
increased by the extensive repairs above
mentioned, most of which with oreat nno.