Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-07-10
s 1ss,7s7 70
Nett receipts,

ANA OF nett prOQC ZU,S4S W |
The number of miles run BY Passenger
Trains in the year, sl4,652
Number of miles run by Freight Train 1O2, $40
The number of regular Engines on pas
senger service which have made this
mieage-Ten- 10
With but little aid from extra service.
Appended to this Report will be found various alb |
stract statements which explain themselves. That
showing the disbursement account of the past three
years, during the time of the present administration
of the Road, has been made out by reference back
to every warrant in DETAIL and therefore contain
no error; it must show, with perfect accuracy, the
total payments Of This period duly apportoned so
that there be doubt to the nature of dis
bursements for any account. Whether these dis |
bursements should be made was not question sub |
mtted to the discretion of the Board. There re-
manned debts unpaid, on construction account of
former years, which had to be met there remained
important work unfinished which had to be compile
ted there were works of reconstruction which had
to be refnished when needed and of the whole dis
bursement account, there is part not considered
to be work of necessity for the safety and best in
terests of the Road To the extent Of this work,
reference may be had to the last Annual Report de-
scribing it in detail Since the last Report new
work has been done on the Road, except the COM
pleton of Water Stations at Raleigh, Asbury, Sec
ton house 7, Holtsburg, Harrisburg and Charlotte.
There is under construction the joint passen-
ger house at our point of connection with the Wes-
tern N. G. R. r., in Salisbury. The joint freight
houses are erected. The old warehouse at that
point being wholly inadequate to the business, in
dimensions, and occupying the only convenient site
for joint passenger shed the Boards of both Roads
agreed plans of connection which involved its re-
moval. This removal has cost only the taking
down. all the material has been and will be used
in the new buildings, and very good connection
can now be made for transfer of both passengers
and freight at this important junction.
The Road track is now in excellent orcer; it is
kept in good repair throughout the line, and enables
all trains to make their time with great regularity
The Bridges carefully inspected at all times,
and in condition of perfect safety, being
cured from fire by metallic covering between the
tracks.
| Locomotive Ehgines-This part of our machinery
| is in very superior condition The engines reg
uar service always kept in thorough order they
| are, many of them, as good as when first received.
1t is believed that shall not need to buy any
| ones for the next year, as matter of necessity,
though it is always good policy to keep few spare
| engines on Road OF this length Our engines have
been kept in good repair, several rebuilt and the
| policy has been never to let them 60 down. The
report of mileage and repairs sufficiently cer6es
what we are doing; comparison may be safely
| challenged with most Roads in the country, to
| the amount of work done by the same number of
| engines their condition and cost for repairs.
| Company Shops.-Here the work Of building will
| be completed with the houses now finishing. The
Board have always incurred expense of construction
with reluctance, in consequence OF the objections
urged by many against expenditures at this point.
By reference to the table Of disbursements, it can
be seen what has been expended here
Before the shops and their cost are condemned
for extravaganza, it would be just and we'll to give
them at least credit for what they pay in return
and this is first per cent on all resident build,
mgs; next, from so to 100 per cent. saving on all
repairs; last, that efficiency of machinery and safety
of running, which otherwise could not exist, and
which it is not possible to estimate in dollars since
there is involved not only capital investment of
money, but large amounts of valuable freight and
| the life OF every passenger.
1t is very gratifying to be able to state, that up
10 this date, accident involving the endangerng
of life or limb has ever yet happened to any pas
senger train since the Road commenced work. Our
trains are regular and unfaing in their connections.
The business of the last year has fallen short of
what was expected. in the beginning of the year
our receipts were highly promising the terrible
crisis and the low price of produce cut them off;
and although unlike almost all the Roads, (many of
which lose 80 per cent We have a gain over last
year, it is not such an increase expected. 1t
is very clear, however that increase is certain,
both in Freight and Passengers.
The Western Road will open to Statesville in
few weeks, and to the Catawba Valley this Fall.
From it we will receive most valuable and large
| accession to our business, beyond doubt-and it
v i'll be trade which has before reached
North Carolina Road or port We think it must
be very nearly or quite equal to 100000 in amount
for next year.
We have good Road of 22s miles main track,
and II miles sideling-together 24O mes-with q
business every year increasing For the last year
Passenger Trains have done double daily SERVICE
and our Freight Trains whatever was required in
the Transportation, at cost Of less than 46 per
cent Let our Road be still kept in complete order
and equipment to do whatever work is offered, and
we have little to fear for the future. The Road is
gaining character and postonits receipts steadily
increasing every year-and the same ratio of in
crease must soon make it highly remuneratve one
to the Stockholders The receipts Of nett profits
have been from its first year sufficient to pay di-
vdend but for the means being of necessity absor.
bed by the floating debt, not known to exist. The
cost Of the Road it is complete exceeds its capt.
tai stock largely, but it should be remembered that
the distribution of profits, the dividends, will only
be upon the capital of 81, O00,O 600, on a work Of
much greater cost.
The Treasurer's Report and usual tables are ap'
pended
By order of the Board,
CHAS. F. FISHER, President:
We gather the following information from the
tables submitted by the President
Number Of passenger coaches, LIST class, 13-2d
class, ANAL coaches, Sin all %. In addition tc
these there 262 box gravel and fat cars and the
like. 49, ...s+ l;.-.s1e 80. :.
The temporary liabilities of the Road are ia, 900
I To meet these the Company has means amounting
to $751; $50, exclusive of freight balances unsettled
and cash balance on hand. The materials on hani
are estimated ii $s4, 800.
The amount 81 Road receipts from Jnly /, 1855
Is July 1858, is $s2s, 294 II. Thecost Of operat
2 the Road during this period was $446 203 81
1sayjpg mott prof QaQ 81. ftcn
sl Sources fof 1856 wers $780, and for 1858
$685., bos So showing - Increase q $50 100 DE-
~ The grand total fsreceipts from the begInnnl