Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1856-07-16

North.carolina Railroad.

. orth.Carolina Railroad.
The Directors of this Company met here on Tues
day last and on Thursday the annual meeting of the
stockholders was held. There several cars
from the west on Wednesday evening. filled with
stockholders and passengers and the attendance of
stockholders from all quarters was large showing
deep interest in the work.
The Hon. Calvin Graves presided, and Philemon
Hawkins and Chas. Phillips Esquires, acted Sec
retaries. All the Directors, both of the State and
stockholders, were in attendance. Robt. P. Dick,
Esq., appeared as the States representative.
The Report of Mr. Fisher, the President of the
Company, is full able. and most satisfactory
document. 1t shows that the Road has been excel
lently managed during the past year, and that its
prospects in the future are most cheering.
The total receipts of the Road, from all sources,
for the year ending s0th June, 1856, amount to
$s3O,3O1 26 the total expense of operating the
Road during the time amounts to $1Os 2O9 29-leav-
ing balance of $122,Osl 81.
The cost of the Road in round numbers, is four
millions of dollars-the estimated additional amount
required to pay Indebtedness, complete and equip it.
making the whole capital invested 81, 100000. Six
per cent. on this would be $26l, 900. I" 1t may be
safely stated, says Mr. Fisher, "that no Road in
this country of equal length 1928 mies] and charac
ter of construction has been built and put to
work for so small an amount of first COST" The
President looks forward With great confidence to
constantly augmentng receipts. Referring to the
working of the Road, the President says:
cit gratifying fact and highly creditable to the
employed the Road that at time since the Com
pany commenced the regular running Of passenger Trains
has accident of serious nature occurred of them
The public but little sensible of the difficulties
and emharrassmsns to be encountered in the putting
what may be imperfect than what is working smooth
lyand it is remarkable fact that community not ac-
customed to facilities of convenient transit always
disposed to exact the satisfactory arrangement
of freight rates and freight delivery"
= The President recommends, as good policy and
good economy, the purchase of not less than
hundred negro men for Company work-having
rived the conclusion, from experience and observa
ton, that the difference to the Road, in the value
between hired and owned hands, is equal to twenty
per cent in favor of ownership.
President Fisher concludes his Report as follows
"Having heard enquiries of the of delay in
ing the Bridges state 10 here, for general information,
what has been communicated to the Board before that the
lumber required for this very difficult had-t
must be heart pine, seasoned and dried 1t was all con-
racted for last and has been in progress of prepa
ration for since then. The quantity required for of
the Bridges delivered and the contractor about to COM
mence covering Them The of the lumber is nearly
all sawed and will be hauled the Bridges
as it can be dressed and delivered.
The of this Report have been made with more
than usual mnuteness from to afford every in
formation which be required as to the progress of the
work 10 final completion during the past year. and the eSt
submitted such have every to be-
leve will make full completion OF this Work and such
has been conviction of the Importance and necessity OF
speedy and entire completion, tn to have
made out present you such full estimates could
leave doubt of aordng to the Administration the
little Indebtedness which brings constant vexationand
with the equipment indispensable to its safe and profitable
Of its value to the Stockholders.
In conclusion cannot fail to refer to the Officers of the
Department have had such ecen aid Mr. Garnett has
at all times left nothing undone which could tend to pro-
mediate department elsewhere-hs professional ability
is well known, and his assistance to everywhere has
ter Machnist has had very difficult duty perform
maintaining the motive and cars in proper condition.
without other means of doing SO than such as are at
forded by common Smith Shop for repairs His having
been entirely successful in keeping the Engines IN line
DOR in doing all repairs Of bes des furnishing large
amount of forged work for the bridge shop and station
the best evidence which can be furnish
ed to You of his entire fitness for the position he holds
testify for bis energy and fahulness, as well as for
that of the men under his charge.
In January, Mr.. Thos. J. Sumner who engaged in
construction was appointed by the Board Master of the
Road He continued until April lst when he accepted an
appointment rendered him Superintendent Of the
Charlotte and South-Carolna Railroad by which
deprived of the services of officer of most capable and
is we'll known Stockholders generally having been
the Superintendent charge of the trackayng of the
Eastern Division 1t is only for me to that
his capabty and hfunesS such have marked his
whole of service while engaged this Road 1t
would be very difficult find better officer. The cond
tOn of the Road Track sufficiently ceries to his credit
and that of the whole number of Section Masters the
line This excellent of the Road after winter such
the last proves the of this department to be both
| diiigent and efficient.
In respect the Agents and Employees generally, it
gives much satisfaction to commend you their inva
riabe faithfuness- take occasion to say, not
compliment but as Justly due them, that Company
could have more faithful employees"
We shall make room in our paper at an early day,
| for the entire Report.
The stockholders are still in session, as we 60 to
press. They will elect their Directors this Friday)
morning, at 10 o'clock.
SIGNIFICANT FAcr-It is fact (says the Detroit Free
Press three of the whig candidates in Michigan for
Governor since 43 Jealous porters of Buchan
| and Breckenridge namely, Zna Pitcher. Townsend +.
Gridley and Stephen E. Vckery The Of the old
wings throughout the State have Joined themselves that
party which carries the flag and keeps step to the mnsic of
| the Union. WashingtCn Union.
In this State, the Whig candidate for Governor in
1852, Hon. John Kerr, is active and earnest sup
porter of Buchanan and Bragg; and the Whig can
ddate in 1850, is not devoted sympathizer with
the K. Ms as of their presses would have the
public believe. Indeed, We believe that if ExGov-