Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-11-08
s 1880 &C

Fer extraordinary do. lss,74s n
--$sss, lsS 20
Leaving balance on LIST Oct. of 5 25,s6O 6G
Itxal be seen that there is a dminution in the
receipts of the Road for the past year, both from
passengers and freight. This is owing to several
causes
During the year ending 3o;h Sept 1855 there
was received for transportation of Iron for the North
CarelIna and Roanoke Valley Railroad Companies,
the sum ef kl525O the whole Of which was car
ried to the credit of that year. whereas large por-
ton WIS done during the present fiscal year, for
whioh it is rghttully entitled to credit. The cx-
t.esae severity Of the winter (unexamped for many
years past operated very preudcially on all Rail-
ruads in our country,-dsabling engines, suspend
IN. operations on the Road beds, and diminishing
travel AS we'll as trade during its continuance This
has been succeeded by drought and other causes,
destroying the crops, and rendering it, to consd
cradle extent, matter of necessity to retain the
wheat usually sent to market chat crop itself being
. short one) to aid in furnishing food for the people
at home.
:: The income of the Road was very materially at.
fcctcd by these untoward circumstances. But, not
withstanding all this it will be perceived that after
,,eductng the iron hauled for the n Z. j. +. V. K.
r. Cos, alluded TO above, the ordinary receipts of
the Road about the same as last year. The nett
profits of the Road, after deducting ordinary expcn
81 have been within a small fraction of per cent
u
The completion of the n c. Railroad. so credits.
Die the lberality and enterprise of the State has
constituted era in tic hist,ry of such works and
opened to the markets Of the East most fertile
ton of country hitherto, to great extent, uncon-
nected with the markets on tide water. Much of
the best country penetrated by that Road has here
totore traded to Charleston and Columbia, and will
row find an outlet farther North. Wheat and flour,
the great staples of the Yadkn country, find excel
lent markets by going over our Roads; and mer-
chants and others along the line of that Road will
receive from New York and other Northern Cities
tI.cir goods and supplies by this route The estah-
li.ls,neh of through ticket from Weldon by our
Road and theconncctins Roads between this and
augusta and Charleston, has been effected within
the last few we,ks after eff.rt Of 10 months
to accomplish this object; and will, we doubt not
be attended with large increase Of travel and in
come. The higher, more healthy, and interesting
region Of country through which the traveller who
takes this route will pass and the substantial man
in which these Roads are built mus: commend
it to the travelling public, and will fair d.
vision, II not the larger portion of the through rav-
81. The same facilities will, We hope be ex-
tended to New York, Philadelphia and Baltimore,
and to New Orleans. A through freight has also
been recently established with the \. Z. K. r. Co,
and with th, Seaboard and Petersburg Il. 4. Co.,
by which freight may now carr led from Petersburg
ind Portsmouth 20 Charlotte any other point
west Of Raleigh (and in the opposite drcction) with
short time; a~d, if the contracts are fully carried
out by the asserting parties, must result in great
advantages to all Taking all these things into
sidsration and recoilcctins tina; every pound of
freight taking our Road at its Southern terminus
pays on every mic OF it, or nearly So we think We
may look with confidence to the advantages to be
hereafter derived from connection with that
Road.
1t is proper to state that application has been
nade within the last few months requesting called
meeting of the stockholders Of the Co.. with the
Wow Of considering ti.e expediency of authorizing
loan to pay for the improvements on the Road, and
declaring dividend AZ usual. The Board, after ma
tHre and respectful consideration, declined taking
any action themselves in the matter.
The Roanoke Valley Railroad, intcrsecting ours
near kdgway Depot, AID tapping the fertile Valley
Il the Roanoke River, at the junction of the Dan
Ard Staunton is in operation, we arc pleased to
state, under the sole charge of its officers Jour
contract with them for running their Road having
expired about the first of last Aprl.) A warehouse
has been erected at the junction of the two Roa,'s
at joint expense, and tht produce we are receiving
from that source, large portion of which has here
tofGe senght its way TO market down the river,
makes il an important feeder to our Road
In response TO a resolution adopted at your last
meeting in regard to merging the two roads into
one we decn inexpedcnt this time to take any
action.
Having received satisfactory assurances from the
President and Directors Of the Petersburg r. T. Co,
Unto whose corporation the Greenville and Roanoke
r. X. Co., has been merged since your last annual
meeting) OF their determination and Intention to re.
build the latter Road in permanent manner w,ha
substantial iron rail- have taken steps for the re-
construction of the bridge over the Roanoke river
At Disseminating contracted for the timbcrs and
5rons, aud also with competent bridge builder who
has npw commenced operations. When this bridge
il completed, which it is proposed shall be done at
tie earliest moment, and the Petersburg Go. shall
f.ve finished relaying their Road with heavy iron
1t will reduce the time between Petersburg and Raj.
=: h to about or houls, and thus be decidedly
Advantageous.
n pursuance of the Recommendation of your last
NJ ting Of the Finance and Inspection Committee.
the Board Of Directors have made contracts for the
hsn. up of the treste-work and the building Of
permanent bridges and culverts between Weldon
and ',astcs, which contracts are now bein. execu-
ted IT. satisfactory manner; and we hope will be
eomi. eted during the present year. Owing to the
,n,ps',ct manner in which the work was done be-
soT. 1t 'ans into our possession, these repairs will
IN YER expensive -
ihe I'D timbers VI the CASTOR Bridge NAV be
eh.r $50 OF reserved for the purpose II rebuilding
I've wa houses On our line, many of which need
7Np."' n9s ent're reconstruction.
iAe sinking fund amounts to $1,000 Of which
the sum Of $4,000 has been appropriated during the
there WIS at The time II your last annual meet