Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-07-12
Nor,h.Carolina Railroad.

The Directors of this Company met here on Tues
day last and on Thursday the annual meeting the
stockholders was held. There were several cars
from the west on Wednesday evening, filed 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 as 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 a full, an 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 30th June, 1856, amount to
$3.50, 3O1 &c; the total expense of operating the
Road during the time amounts to $1Os 2O9 2e-leav-
ing balance of 1922, O9l 81.
The cost.of the Road, in round numbers, is four
millions of doars-the estimated additional amount
required to pay Indebtedness, complete and equip il,
making the whole capital invested S., $50, 900. Six
per cent. on this would be 1851, 900. at may be
safely stated" says Mr.. Fisher, "that no Road in
this country of equal length 1928 miles, 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 augmenting receipts. Referring to the
workih4'Sf the Road, the President says:
at is gratifying fact and highly credttable to the
employed on the Road that time since the Com
pany the regular running of passenger Trains
The public but little sensible of the many difficulties
and enbarrassments to be encountered in the putting
Road to work with new men, 1t is much easier to
what may be imperfect than what is working smooth
ly-and it is remarkable fact that community not
customed to facilities Of convenient transit are always
of freight rates and freight delivery"
" The President recommends, good policy and
good economy, the purchase of not less than one
hundred negro men for Company work-having ar
rived at the conclusion, from experience and observa
tion 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 :
"Havng heard enquiries of the of delay in
ing the Bridges you here for general information
what has been communicated to the Board before that the
lumber required for this use is very difficult to be hd
must be heart pine seasoned and dried 1t was all
tracted for last and has been in progress of pre
ration for since then The quantity for two Of
the Bridges delivered and the contractor about to
mence covering them. The rest of the lumber nearly
all sawed and will be hauled to the several Bridges
The of this Report have been made with
than usual mnueness from desire to afford every in
work final completion during the past year, and the es
mates submitted such have reason to be-
ieve will make full completion Of this work-and such
has been conviction OF the Importance and necessity Of
speedy and entire completion as t" cause me to have
made out and TO to such full estimates as could
leave doubt of aftrling to the Administration the
for placing this road firm footing-clear OF the
little Indebtedness which brings constant vexation and
with the equipment indispensable to its safe and profitable
operation This done, entertain reasonable doubt
of its value to the Stockholders.
In conclusion fail to refer to the Officers of the
Road from whose faithful discharge of their duty in each
Department have had such efficient aid Mr. Garnet has,
at all times left nothing undone which could tend pro-
the general interest of the Road, whether in his I'M
mediate department esewherehs professional ability
is well KNOWN aud his assistance to me has
been able invaluable and unaing Mr. Roberts, the Mas
ter Machinst has had very difficult duty to perform in
maintaining the motive and cars in proper condition.
forded by Smith Shop for repairs. His having
been entirely successful in keeping the Engines in fine
amount Of forged work the bridge shop and
uses the best evidence which be furnish
TO ms his snd as we'll as
that of the men under his charge.
In January, Mr. Thos J. Sumner, who was engaged in
the Engineering Department from the commencement of
construction appointed by the Board Master of the
Road He continued until April ISL when he accepted
appointment rendered him Superintendent of the
Charlotte and South-Carona Railroad, by which We're
deprived Of the services of an officer Of most capable and
dhgent efficiency He succeeded by Capt. Allen who
is we'll known the Stockholders generally having been
the Superintendent in charge of the tackaying of the
Eastern Division 1t is only necessary for Inc to that
his c,paby and thulness such as have marked his
whole Of service while engaged on this Road 1t
would be very difficult find better officer The cond-
the Road Track sufficiently certifes to his credit
and that of the whole number of Section Masters on the
line This excellent Of the Road after winter such
as the last proves the men this department to be both
diligent and efficient . .
In respect the Agents and Employees generally, 1t
gives much satisfaction to commend 10 you their nva-
riable Northumberland take occasion to say not as
compliment but justly due to them that no Company
| could have faithful employees
We shall make room in our paper at an early day.
| for the entire Report.
The stockholders still in session, as we 60 to
press They will elect their Directors this FRIDAY,
morning, at 10 o'clock.