Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-11-16

From mail r $500 90
.- .....--- ....-r- S25s, 26S "a
Receipts from either sources, including
net balance from last year, $ 1857 o5
$26S, S25 %
The expcnscs-orlinary and cxtraor-
binary, and interest loan have
been $173,e29 81
Leaving balance of S o. 1876 OS
Ont of which have declared divi-
dcnd of six per cent, amounting to S $3.50 90
And have carried to the sinking fund
the sum of i 10000 90
Making that fund at this time fifty thousand dol
lars; and leaving the Of twcntv-four thousand
eight hundred and sixteen dollars aud eight cents
unappropratcd.
In view of the extensive improvements in
progress, and others still needed; for the complete
equipment Of the road it deemed prudent TO
reserve this large balance in the treasury for the
permanent increase in the value of the property,
rather than divide larger dividends at present .
Since the rc-chartcr CT this road, the Beard have
never had the means at their command to repair the
bridges anil depots, and to purchase the requisite
machinery for its operations until the present year;
and at the same time to give the shareholders
dividend upon their stock. Besides we mast soon
prepare to pay off Our bonded debt Of one hundred
thousand dollars, which will fall due the first o.
January, 1862.
| The floating liabilities of the company are be-
lievcd to be very small at this time. The accounts
| have been promptly paid presentation and not
| bill on time is believed to he outstanding. Our
| accounts for negro hire, and the wages Of employ
ccS have been settled monthly or quarterly.
The Trcasrcrs Report, herewith submitted will
give you more detailed and tabular statement of
! the financial condition of the company.
| The trains have ran with great reguiarity-lniSs-
ing no connection at Wcl,!on ana but three at R,-
leigh during the year; hut seldom being out Of time
along the line; Notwithstanding the trying winter
We have just passed and yet moi coach has been
| of the track. This continued exemption from
c;lent and security 10 persons and property should
| bot Increase our vsllan"e, rather than our over
confidence The roig!, trains 800 have been equal
| ly regular. and equally exempt from accidents.
The usual force for kceVia, Up the track was
employed during the first week in January last at
reasonable prices, considering the high price of
labor; and under experienced section masters this
force has rendered COOS, service in keeping the track
in oryicr-conStaav improving ii during the year
and it is believed that il never better than at
present. \ number of additional side tracks have
been re-lad with heavy iron which has nearly ex-
! hau>tcd our stock of rails \ contract has been
made with James Dunlop, agent of house in
Wales for l5H tons, at $40 FER ton with the duty
added 10 be delivered by the first Of February next
| The ditciinr force. too has been proitahlv employ
ed during the winter and Summer, both in cleaning
| ont aud deepening the drains and gravcng the wet
| cniS: many OF these heretofore t.cablcSolnc have
been hallaScd and rendered. iiYa an,, durable. En-
| pcri;nce has >hown that nothing else could accom-
| pi>h this desired object Will as crawling.
MDrc than the uSa! ntli,icr of new tie. have
| bcca bought durin@ the year and they have added
! to the improved! condition OF the -oa
The rolling stock of the company has been much
! mnrovcd-ill d the engines are now in good work
! ing order. Constant employment on the douhlc
daily trains. without time Cor repairs ami but lew
in all for the service required had impaired their
efficiency. which could ony he restored at a heavy
expense of material an! labor .i,i we regret to
! sAy that several of them are too .ht for the in
| creased, and increasing operations Of the road
We hay" three freight locomotives that have done
and will continue tn 10 valuable service; upon these
we can rely to take off Il hr;lHy tonnage
But the passenger trains are growing too heavy
for the engines assigned to them; especially whilst
visitors are going to- and returning from the Springs
in the summer. Should the travel continue to in
crease the company will he compelled to purchase
I machines of greater power and enlarge the number
of coaches. In order TO remedy this difficulty at
once much possible, are constructing
coaches, that Will carry thirty passengers more than
those in is III service AMI another will
be ready in few weeks These coaches fifty
feet in length ans! can scat scvcntywo passengers
better advantage.
Three new box cars have been built, making our
present number cighsy-two; and great many old
ones rebuilt. Most of our box cars were framed
the outside If the Notwithstanding exposing the
morticcs and tenants to the weather. III these water
collected an! decay followed. Nearly all Of
this kind had to he entirely rebuilt this year, after
but few years service. 1t will be advisable to in
crease the number of freight cars during the coming
/ viii he anil urS AN heroic
by the machinery recently purchased.
At the beginning Of the past fiscal year, we bad
fourteen good fats, and many ola ones, nearly use
less from decay and long service in hauling the iron
for two other roads and stone and wood for this
These old fats have been rebuilt and several new
added, until this portion of rolling stock
is dceme'i ample for the service Of the road. For a
more detailed statement OF the operations of the
shops you are referred to the Report Of the Master
Machinist
Our bridges have been in service for 90 years and
have required strengthening and repairs at heavy
cost daring the past year. They have all been
thoroughly repaired sound timbers have been put
in the place of those that had decayed and wooden
pillars have been placed under the long spans
Arches resting the stone piers, have been !asten
ed to the lattice with strong iron bolts rendering
them much stronger than when first built These
repairs have progressed more tediously than was
anticipated; but they will soon he completed and
add greatly to the security of passing trains
Neat and comfortable section masters houses have
been erected at Motly's and Browns Crossings ant
another near the Stone Quarry. The White lIote
at Ridgcway was purchased for the same purpose Al
six hundred dollars. TO these are attached gooC
gardens, smoke houses, kitchens and framed cabins
for negroes. Similar buildings have also been bull
for the agent at Warrenton Depot, and likewise
good framed negro cabins at Macon, LItteton ant
the GAINESVILLE junction. We have also fitted up ar
office for the Conductors at Weldon.
a number of carpenters have been engaged in re
pairing the ware houses. Those at Littleton, War
renton, Ridgcway, Junction and Forestvc are il
; good order. The old ware house at Macon was too
rotten to be repaired and was sold-anothcr so b,
80 feet, upon better plan will soon be finished
and will afford ample accommodations for the bust
: ness at that place. the ware house at Huntsville
and Franklinton will have to he repaired next year
| al. honca ut unndnryon lnolS hadlu 70.