Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-11-28
p-..,aen, and D,r.c,or., Report.

To the Stockholders of the ". w r. r. Co.;
de1s their Twenysxth Annual Report refrain from
uatipg them the exhibit OF increased
which been during the last Our receipts
for the year 1859 were $7554 S. $780, $500 Is for
1861, have the amount of $57l 236 "a being greaty
more than was ever received from operations of the
Road This great gratifying from the con-
sideration that had been foebodngy predicted tna
our business We have also the further qualification of
feeling just and patriotic pride that in The prosecution
country great yes nappreciable assist in repspg
from soil ruthless invaders IL IS Impossible 10 say
the atrocities rractsed enemies has melted through
out the land orbd the supposton that will end before
have established complete social, commercial and po
litica independence. being considered fixed fact
endeavor to unve the future and prepare for It's
Blessed will of peace country will mme
datey through its whole length and breadth with
productions constitute the basis of commercial
exchanges Foreign nations have for their consun
ton surplus productiors From what ports will they
be shipped? While every StutheI city will make audahe
exertions command this business Of the map
of country taken in connection with the Ra Roads
points to the At tic cities as ports which will command
large portion of foreign commerce. invited alike by
not only of the interior country
cities will these points make purchases and
the Atlantic line OF ad TINS destined to become one OF
leading of trade and travel and wi dom die
that should immediately pat ourselves in condition
to comm and large share 81 the business necessa l incl
de to the anticipated state of our country.
Thu difficulty of transportation the Cape Fear Rv-
CT is OF the creates obs aces with which We have to
couterd Can it be brdged and at hat expense? These
questions which have been submitted to the respective
Engineers Of the wilmington " don aud Wilmington
Aanebes Rail Roads, they have decided that proper
bridge with draws of the most approved character be
constructed the two rivers opposite whlr at
Xceedi 1925 600. AS the construction of this
work will enable the Wilmington, Charlotte Rutherford
Rail Road Company Whining without the
of the steam boat transportation which weighs
heavily conclude that Company will bear the
principal harden ting work leaving
tributIcH the Of this Company the nter
which should be e. e8y less than paying for
r pres MT Involvement and exposed ferry nav CATION
This work completed will have connected Rail Road
communication between Norfolk and the Southern Cities
both On the Atlantic and the Cuff which will be not only
line. In OEderaton Of these facts would respectfully
10 you The appointment of a committee to con-
suit with the other mpauies interested, snd deVie
common plan Ky which the work can be done
From the repor OF the Treasurer it will he hat our
&Cal condition good After meeting the annual expense
Of Rail Road ope reducing debt So 99 81 pay
ING the debt and dividing eight per cent d.
Confederate State bonds bearing per interest to
be hereafter approprat d 10 our sinking fund
The punctual the interest debf due in
En- aGd has been regarded by duty Of the high
obligation and thus have been default,
BIT we arthe present difficulty of making remit may
for short time pace us IN false position WITH ON foreign
creditors.
The report Of he Chief Engineer and Superintendent
shows Road Way good order though rails
amiBated The heavy treiEhtpg business have
done has been the cause of tbs unusual amount OF this am
nation. By late arrangement with the Tradegar Works,
at Richmond will very soon be able remove the Norst
rails al lay down
The Legislature. at its last regular session chartered
Company construct Rail Road from point Road
North Magnolia to join the Coaled Road Fay eevle
authorized this Company to take sto TX therein oanng
the States credit 10 aid in its construction. We
to recommend the OF the charter by
this Company the coal may probably De brought tc
Wilmington by connection with TIE Wilmington Char
ote Rutherford Rail Road and is connection would i'm
pair if not render worthless our enterprise but as an act
of foresight and prudence, may be polite for Com
pany to take such preliminary steps as will prevent the f
fully referred to the st ekhoders for heir
u Res eCtlully submitted.
S VIM AsHE, President.