Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1858-07-14
Nett receipts,
s 1s3,767 70

Nett receipts, s 1873, ,767 70
The increase of gross earnings over the
previous year is S 3d. 100 o5
And OF nett profit 2O,S43 O9
The number of miles run by Passenger
Trains in the year, 314,652
Number of miles run by Freight Train 1O2,S2O
The number of regular Engines pas
scnger service which have made this
mileage-Ten- 10
With but little aid from extra service
Appended to this Report will be found various ab-
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
error it must show, with perfect accuracy, the
total payments of This period duly apportioned.- so
that there can be no doubt to the nature of dis
bursements for any account Whether these dis
burSements should be made not question sub.
mitted to the discretion of the Board. There re-
NAMED debts unpaid, 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 renished 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 See the extent of this work.
reference may be had to the last Annual Report de.
scrbing it in detail. Since the last Report no new
work has been done on the Road, except the COM
pletion of Water Stations at Raleigh, Asbury Sec
tion-house 7, Hotsburg, Harrisburg and Charlotte.
There is now under construction the joint paSsen-
ger house at point Of connection with the Wes-
tern N. c R. R., in Salisbury. The joint freight
houses 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-
This ha t9EiDp
down, all the material has been and will be used
in the new buildings, and a 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 order; it is
kept in good repair throughout the ine and enables
all trains to make their time with great regularity.
The Bridges carefully inspected at all times,
and are in condition of perfect safety, being
cured from fire by metallic covering between the
tracks
Locomotive Ehgines.-Ths part of our machinery
is in very superior condition. The engines reg
uar service always kept in thorough order; they
are, many of them, good when first received.
1t is believed that shall not need to buy any
ones for the next year, matter of necessity,
though it is always good policy to keep few spare
engines Road Of this length. Our engines have
been kept in good repair, several rebuilt, and the
| policy has been never to let them 90 down. The
report of mileage and repairs sufficiently certifes
| what we are doing; comparison may be safely
| challenged with most Roads in the country, to
the amount of work done by the number of
engines, their condition and cost for repairs.
| Company %ops.-Iiere the work Of building will
be completed with the houses now finishing The
Board have always incurred expense Of constr ucton
with reluctance, in consequence OF the objections
| urged by many against expenditures at this poipt.
By reference to the table of disbursements, ittan
be 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 all resident build
ings; 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 endangering
of life or limb has ever yet happened to any pas
senger train since the Road commenced work. Our
trains are regular and unfang in their connections
The business Of the last year has fallen short o.
Il what was expected. in the beginning of the veal
Fl our receipts highly promisng-but the terrible
crisis and the low price of produce cut them off
and although, unlike almost all the Roads, (many O
which lose 80 per cent? We have gain over las
year. it is not such an increase as we expected. L
is very clear, however that our 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 will receive a most valuable and larg'
accession to our business, beyond doubt-and
will be trade which has ne r before reached
North Carolina Road or port. We think it mus
be very nearly quite equal to 100000 in amour
for next year.
We have good Road of 223 miles main track
and II miles sideing-together 24O miles-with
business every year increasing. For the last Yea
our Passenger Trains have done double daily service
and our Freight Trains whatever was required Il
the TRANSPORTATION, at a cost of less than 46 pc
, cent. Let our Road be still kept in complete orde
and equipment to do whatever work is offered an
we have little to fear for the future. The Road
gaining character and position-its receipts steadi
, increasing every year-and the same ratio OF IT
crease must soon make it highly remunerative on
to the Stockholders. The receipts of nett profit
have been from its first year sufficient to pay q
vidend, but for the means being of necessity aOso'
bed by the floating debt not known to exist. In
cost of the Road, it is complete exceeds its cap
tal stock largely but it should be remembered tn:
the distribution of profits the dividends, will onl
be upon the capital of $4,000,0OO, on a work
!. much greater cost.
t pended.
By order Of the Board,
CHAS. F. FISHER, President.
> We gather the following information from tt
tables submitted by the President:
y Number of passenger coaches, LIST class, lS-z
class 4-mail coaches, Sin all %. In addition
these there are 2s2 box gravel and fiat cars and Il
like.
The temporary liabilities of the Road are $l44, 90
To meet these the Company has means amountir
to $751; l5O exclusive of freight balances unsettit
: and cash balance on hand. The materials on har
are estimated at $84,86O.