Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1859-04-28
For the Yorkville- Enquirer.
Eighth Annual Meeting OF the .stocIshold-
ers OF the K. NJ. r. r, Company.

Eighth Annual Meeting OF the .StocIshold-
-ers Of tho *. NJ. r. r, Company.
Pursuant to notice, the Stockholders Of the
Kings Mountain, Rail Road Company, held their
9th Annual meeting at York Court House, on
Thursday, 2lst instant. The meeting was organ
lied, by calling EDWARD MooRE, Esq, to the
Chair, and requesting Jso.. L. MILLER to act as
Assistant Secretary.
Messrs. H. F. AD1cKss,,S. W. MELTON and DR..
john F. LINDSAY, were appointed Committee to
verify proxies.
The Secretary then proceeded to call the roll
The Committee reported that q majority of the
Stock was represented.
The President submitted the following Report
To The Stockholders et the
d King's Mountain r. r. Company
GENrLEMEN:-Under the charter Of your Com
pany, i. becomes my duty to report the transac-
tions of the road during the past fiscal year, ter
minating December 81. 1853. During TINT period,
had not the honor of being your chief officer,
and, consequently. this report must be based
wholly upon the data appearing in your Treas
urer's report, furnished by Mr.. Jno. A. Brown,
the former Treasurer of the Company, and adop-
ted by Mai Enloe. your present Treasurer
Under q resolution of the Company at the Last
Annual Meeting, the officers are required to sub
nit their reports at least one week previous TO
the Annual Meeting, for examination, to a Com
mittee appointed for the purpose. With this res
olution have not been able to comply, as the
Treasurers Report was not furnished me until TO-
day. Under the circumstances, lengthy report
could not be expected nor would it be necessary.
shall, therefore, con6ne myselftoa brief and plain
statement of the prominent results OF the business
operations of the road during the past fiscal year
and the condition of its finances -.
Tho Exhibits accompanying your Treasurer
Report, very fully set forth all the operations OIL
the read during the last year and its financial
condition; and more thnn general reference &c
them in my report would be unnecessary.
Tn statement A. will be found the gross income
Of the Company for the past year:
| From reight.....""....So,ol3 o4
NIail............ 400 90.
/ Passengers..... Glib OO Sl6, lS6 %
Income from other sources, .as per
| statement B. B.......................... Z,f09 u
Gross 1ncome....... .................. sls,s46 o.
The expenses, ordinary and extra
ordinary of the road, during the same
period, as appears from Exhibit No.
! | 2, amount in the aggregate to, Sl6,o96 81
Leavinga nett balance for the year, S3O49 II
ExhibiI No. 3. embraces the assets of the Com
many. delivered over to the present Treasurer
consisting of Rail Road and Bank Stocks. Bonds
! Accounts &C., and cash balance Of S2,2l5 65
During the past year. repairs have been made
upon this road. This work of Improvement, it is
absolutely necessary should be continued. The
superstructure of the track, with the exception o
about eight miles, repaired during the last year.
will have to be laid with new timber. Since the
commencement of the present year. about three
miles of new track has been finished, leaving q
distance of eleven miles yet to be completed
which VIA expeot TO have done By the close Of The