Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-11-04
p.1E1eH AND CASTOR RAILROAD.
,prs,nHNr's Report.

RALEIGH AND CASTOR RAILROAD.
Presidents REPoRT.
TT. pr-.;d.n. and Directors Of tho Raleigh and
Gaston Railroad Company beg leace to present %
tho annual Meeting Of tho Stockholders the Jo'-
losoinq Report:
The President and Directors of the Raleigh and
CASTOR Railroad Company, in submitting 'ne, sa a".
Al Report to the Stockholders at their present meet
ing take great pleasure in c1ling attention 10 tne
healthy condition of the road at this time, ana 10
the assurances afforded by the results OF the past
wear, of its increased and increasing success
Since your last annual meeting 1t became neces'
sary to choose successor to your late worthy Pres
ident, Mr.. R. A. Hamilton, whose resignation was
accepted at meeting of the Board held on the 10Th Of
December last; at which time the honor OF presl.
ding over the affairs Of the Company was conferred
on the present incumbent. Subsequently, at
meeting on the 18th day of February, Mr. Ham
ilton resigned Director, and Capt. Alfred Jones
was selected to fill the vacancy.
The Report of the Treasurer hereto appended
to which your attention is invited-will exhibit in
detail the financial operations of the Company, for
the fiscal year just ended, and the present condition
of the Finances. The earnings for the fiscal year
ending the 3Oth of September, 1857 were two hun.
dred and six thousand nine hundred and sixteen dol
lars and ffty-nne cents,--of which there were de-
rived from Freight one hundred and twenty e'ght
thousand four hundred and nineteen dollars and M
ty eight cents from Passengers sixty-eight thous-
and five hundred and ninety seven dollars and one
cent; and from Mail nine thousand nine hundred
dollars. The current expenses for the same per'od
were ninety-eight thousand three hundred and sew
enty-fve dollars and thirty five cents-leaving bal
ance of one hundred and eight thousand live hun
dred and forty one dollars and twenty four cents
more than eleven per cent. on the capital STOCK.
and exceeding by forty per cent. the net Proht OF
last year-showing increase in the business oper
atoms of the Company during that period OF more
than eighteen per cent. To this balance Of one hun.
dred and eight thousand five hundred and torty-one
dollars and twenty-four cents, Should be added two
thousand five hundred and sixty dollars aud twelve
cents, received from sundIy sources, and the sum OF
twenty-five thousand three hundred and sixty dol
las and sixty-sx cents-balance on hand last year
making one hundred and thrty-sx thousand tour
hundred and sixty.two dollars and two cents. Alter
deducting from this sum, the extraordinary expen-
ses amounting to sixty.six thousand eight hundred
and fifty eight d. a,s and sixtyeight cents. and ap-
proprating six thousand dollars to the sinking fund,
balance remains Of sixty-hree thousand x hun
dred and three dollars and thirty four cents upon
which we have declared a divide nd OF six pr cent
payable on the 18th of Decemb,r-leavinga ba ance
in Treasury # five thousand two hundred and i've
dollars and thir y four cents.
The Bridge over the Roanoke at CASTOR is at this
time in daily use, and is completed with the excrp-
ton Of the covering uIon which the cntrac: o are
busy engaged. and which, but for the delay IN get
ting timber, would have been finished Y hen COM
peted, it will presen, structure of very superior
skill and workmanship, and will reflect the highest
credit on Messrs. David R. mn Bro the contractors.
The entire ires> ell work between Castor and Wei
don has been filled and most of the masonry COM
pleted 1t is, however, advisable that the presen:
wooden drains, fast falling into decay that por-
ton of the K, ad should be renewed during the
year, with substantial stone culvers-be stone for
which is lying on the spot. Nevertheless this will
be attended with some little cost, some of the
rains under heavy embankments, which 1t will
be necessary to open and to fill again by the en-
ployment of train.
During the past year we have built at CASTOR a
neat and comfortable Passenger Room, and an office
for agent-at Warrenton Depot a large and comfort
able Passenger House with two rooms which has
added greatly to the comfort Of passengers at that
point; and AT Littleton and Warrenton substantial
and commodiots sheds, each sky by lw,n'y feet,
covered with cypress shingles, for storing guano,
lime, &C., &c. 1t is suggeSte that similar sheds are
at this time much needed at other stations on the
line (the timber for which is on hand) and should be
constructed during the year. Al the junction OF the
Roanoke Valley Railroad there has be built large
water-house and wood shed, seventy by twenty four
feet with pump and water tank attached and the
sum of eleven hundred and ffty-three dollars and
sixteen cents paid being one half for ware house
previously constructed for the joint occupancy of
the two companies.
Heavy repairs have been made engines and
cars. We have rebuilt during the year three en-
gines-the Tempest Hal:faz and Warren-mak.ng
them as good as new-for the cost of which We beg
leave to refer you to anne xed statement of master
machinist. To our motive power there has been
added one new engine, of twenty tors, frtm the
Locomotive Works Of Messrs. Norris & Son, OF Phil
adelphia, which has proved to be very superior
machine. We have bought of Me>srs Harlan d
Hoingsworth, one passenger car-an excellent Pic
Of work and of fine finish. Our house car equip
ment has been greatly improved-foar new ones
have been added to the list and six re built-ma-
king them equal to new. Our fats will need heavy
repairs the present year. Having been in the iron
service for three roads and constantly engaged in
hauling stone for the past eighteen months they
have become very proper objects for the hospital.
large force has been employed for some months
in ditching, which it will be highly necessary to
continue, that the road may be safe from injury from
redundancy Of water. Nothing contributes more
to diminish repairs than thorough draining, by ena.
bling the section masters to keep smooth and
straight track. material train has been at work
ten months of the year, in the employment Of
tractors and wood train almost constantly in dis
tributing wood up the line-most Of it being OBJ
:ained at the Weldon end ofthe road Thus has been
imposed upon u.s. the necessity ofdetachng from the
regular service three engines and cars for the peri
Cd specified, which has greatly augmented the cur
rent expenses. This expenditure from this source
will, however, be now greatly dininisbed-as two
OF the trains may be again put on regular duty.
contract has been recently made with a house
in Wales, through their agent, Mr.. James Dunlap,
OF Petersburg, Va, for one hundred and fifty tons
OF rals, OF nifty one pounds to the yard at forty
ty eight dollars and fifty cents, which we have reas.
on 10 believe will be delivered early in November,
at Portsmouth, Va. This iron is required to COM
pete the connection at Raleigh and to elongate our
sldings-an improvement greatly needed at this
time.
The accompanying statement, of the master ma.
fs FIR the CT
and the condition and value of rolling stock and
the materials on hand
The buildings and accommodations on the line of
the road are believed to be inadequate to the de-