Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-11-28

The capital stock OF the Company has been increas-
ed this year to the amornt of 81 763 81 o. this,
81 95 SO has been paid n accrued interest on anlci
pated payments account of Capital Stock The re-
maindtr, Sl S4 62 has been paid IN cash or Its equl
Valent.
There has been about the same amount absorbed 10
construction which there for the last two three
years. he amount paid for filling restle is cOnsiderG
bly n OF what it Was the year before During
that year there very small force engaged in filing,
hardly than a mere nominal one, but ut the
menc ment OF the past year it determined to occu
py much larger force than had been usually applied to
this work. and TO undertake the embankment OF some OF
the largest work OF this character the Road. Con-
sequ y, the force organized tor the year has been
chiefly engaged the IreSte Work on the Great Pee
Dee Before undertaking it ourselves several efforts
made to have the work done by contract, but all
these were unavaiing Either from the magnitude OF
the work from fears OF the effect Of masmatic evers
upon the health OF laborers remaining at The swamp
through the summer from diversity OF Opln
ion to the compensation which should be allowed
could be found to undertake it, Under these
circumstances, deemng it very desirable that begin
ming should be made upon work OF SO much import
ance, too which would nect ssaiy consume good
deal OF time felore its completion, 1t begun by the
Company. The quantity of work done daring the year
has been considerable stated in the Supernendents
Report. To what extent 1t may with safety be
tinued cannot at this time be stated We satisfied
however, that the larger portion OF the distance between
require parts of several years, that the nundaoDs
in the meantime to which this stream is subject, will
have afforded ample opportunity for testing the propre
Fly of prosecuting the work, aud of marking out the
limit to which it may be extended
In the last annual report it stated that the Board
feeling the urgent necessity TOR more extended accom-
modatious for the transportation business at this term
nus Of the Road had selected site for the erection o.
suitable warehouse. The location selected rendertd il
necessary that before commencement had been IL
upon the warehouse, a wharf of proper dimens !:
should be constructed This has been done. We have
large and commodious wharf, and the foundation pile
driven and plans ready for going to work On the ware
house. all adapted to what consider the prospective
demands of business, upon the return OF auspi
cous for entering upon it. This work, which
we had hoped to have had very nearly if not entirely
completed by this tme has been postponed from pru
Dental considerations. 1t will not however, be post
poned beyond period when we shall feel justified il
executing it.
The Indebtedness Of the Company is as follows:
First mortgage bonds,. $056,OO0
Second /" s. NEUTRALITY-SUSPICIOUS.. 10000
Income :" .................... l740e0
Bonds secured by hypothecstion of Stock in Viii
s. mington Weldon Rail Road Com 2any,... IS coo
Other liabilities, (see 1reasurers acct currently 2779
] $l0sl,lSl
As will be seen, the amount of indebtedness reduce
this year is $5,16S s.. Upon the completion Of tt