Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-07-18
Nor,b carolina Rail Road.

last
Gay 1bolders was held. There were several cars
stoCA ,be west on Wednesday evening, filed with
ulnkholders and passengers; and the attendance OF
stOckholders from all quarters was large, showing
Jspp interest in the work
deG TRbn Hon, Calvin Graves presided, and Philemon
uowkins and Chas Phillips, Esqures, acted as Sec
Lnntares. All the Directors both of the State and
Lookbolders, were in attendance. Robt. P. Dick,
T.C,, appeared as the States representative.
The Report of Mr.. Fisher, tine President of the
rompanv is a full, an able, and most satisfactory
Socument Ii shows that the Road has been excel
isnty managed during the past year, and that lis
rosnects in the future are most cheering.
The total receipts of the Road, from all sources,
f,r the year ending 3Oth June, 1885, amount to
s23O,3O1 %; the total expense of operating the
Road during The time amounts 10 S1Oo,2OO 29-leav.
ing balance of 1922, 091 81.
The cost of The Road, in round numbers, is four
millions of dolars-the estimated additional amount
required to pay Indebtedness complete and equip it,,
making the whole capital invested S4,35O,OOO Six
rer cent on this would he $26l 900. sit may be
safely stated'' says Mr. Fisher, ct that no Road in
this country of equal length [223 miles and charac-
fer of construction, has ever been built and put to
work for so small amount of first COST The
President looks forward with great confidence TO
constantly augmenting receipts Referring to the
working OF the Road, the President says:
1t is a gratifying fact, and one higIy credtable
to the mep employed on the Road, that at no time
since the Company commenced the regular running
Of passenger Trains has accident of serious nature
occurred to any of them. The public are but little
sensible Of the many difficulties and embarrassmentS
to be encountered in the putting new Road to work
with new men, 1t is so much easier 10 see what may
be imperfect than what is working smOothly-and it
is a remarkable fact that community not accustom-
ed to facilities of convenient transit, always
disposed TO exact the most satisfactory arrangement
of freight rates and freight delivery"
The President recommends, good policy and
economy The Ourch1Sp of than II
dred negro men for Company wOrk-havlng arrived
at the conclusion, from experience and observation,
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 inquiries of HE reason of delay in
covering the Bridges state TO you here, for general
information, what has been communicated to- the
Board before, that the lumber required for this is
very difficult to be had-it must be heart pine season
ed and dried 1t was all contracted for last summer,
and has been in progress of preparation for since
then. The quantity required for two of the Bridges
is Delivered and the contractor is about to commence
covering them. The rest of the lumber IS nearly all
sawed, and will be hauled to the several Bridges as
soon as it can be dressed and delivered.
The statements of this Report have been made
with more than usual minuteness, from my desire to
afford every information which can be required as 10
the progress of the work to final completion during
the past year, and the estimates submitted such
completion of this work and such has been my con-
yCtiOn of the importance and necessity OF speedy,
and entire completion, as to cause me- to have made
OUT and to present to you such full estimates as
could leave doubt of afOrding 10 The Admlnlsra-
lion the means for placing the road firm footing
clear of the little Indebtedness which brings con-
slant vexation-and with the equipment ind spensa
bic TO its safe and profitable operation. This DONE |
can entertain no reasonable doubt of lis value 10 the
Stockholders.
in conclusion, cannot fail 10 refer to the Officers
of the Road from whose faithful discharge of their
duty in each Department have had such efficient
aid. Mr. Garnett has, at all times, left nothing un
done which could tend to promote the general inter-
est of the Road, whether in his immediate department
elsewherehis professional ability is we'll known,
and his assistance to me everywhere has been able,
invaluable and unfaiIing Mr. Roberts, the Master
Machinst has had very difficult duty to perform in
maintaining the motive power and cars in proper
condition, without any other means of doing so than
*tch as are afforded by common Smith Shop for re-
pairs. His having been entirely successful in keep
ing the Engines in fine order, in doing all repairs OF
cars, besides furnishing a large amount of forged
work for the bridge shop and station construction
uses, is the best evidence which be furnished to
you Of his entire fitness for the position he holds.
can testify for his energy and fathfulness, we'll as
ter that OF the men under his charge.
In January, Mr.. Thos. J. Sumner, who was enga-
ged in the Engineering Department from the com
mencement OF construction, was appointed by the
Road. He continued until April LIST, when he accep-
ted an appointment rendered to him as Superintendent
Of the Charlotte and South. Carolina Railroad, by
which we were deprived of the services of an officer
Of most capable and dilgent efficiency. He was sue
ceeded by Capt. Allen, who is we'll known to the
Stockholders generally having been the Superin-
lenden in charge rf the track-layng of the Eastern
Division 1t is only necessary for me to say that his
capability and fanhtuness are such as have marked
his whole course of service while engaged on this
Road. 1t would be very difficult 10 find better off
The condition of the Road Track sufficiently
certifes 10 his credit, and that of the whole number
of Section Masters on the line. This excellent state
Of the Road after a winter such as the last proves
the of this department to be both diligent and
efficient.
In respect to the Agents and Employees generally,
it gives much satisfaction to commend 10 you their
inyariable faithulness-and take occasion to say,
not a compliment, but justly due TO them, that
no 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 90 to
press They will elect their Directors this (Friday)
morning at 10 o'clOck.-Raleigh Standard.
Hon. WARREN WINsLow.-During the debate upon
the subject before the House of Repre- sentatives
Uhe Sumner affair." the Hon. Warren Winsow made