Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-11-19


AS anticipated the receipts in the month Of Octe
November 1882 light in consequence Of the
prevalence of the Yellow Fever But for that canse the
summing would have been larger.
The losses by the several raids of the enemy are auded
AS these all published at the time, in this paper,
need refer them further here save to add, al
though rather anticipating that the CHIEF Engineer and
Superintendent COL g. L. FREXoNT estimates tbs aggre
gate fully 500 O exclusive of the loss by interruption
of business and travel
The company has purchased, favourable terms the
right to quarry ard entered into contract for quarry
ing for the purpose of building culverts and the abu
piers of bridges of that material at those points
they not been constructed and is pract
cable to do 80.
The company has also secured the of several tracts
of timbered land and employed force TO supply wood,
cross-ties and TIMBER to do away with the difficulty
which has been experienced in procuring these indspensa-
BILE articles Notwithstanding adequate prices have been
offered them.
Three new locomotives have been purchased, which,
with the improvements to those already owned places til
Company decidedly better condition in this department
than st the commencement of the year. The stock
of coaches and il not adequate, but is hoped by
building and repairs from time to time, that it will be able
to meet the demands for transportation.
The laying of SEQ tons CT comparatively rails with
the quantity repaired at the Company furnaces has main
tanned the track in safe working order bat considerable
addition of rcn ia required in the obtaining OF which
CT the is confidently looked for
and expected.
Of other needed articles which cannot be obtained at
home limited supply has been obtained By Importation
To pay these small lots of cotton have been sent for
ward ship colld be obtained which is done with
difficulty, less disposed to accommodate IN
Consequence of Government claiming specified tonnage
each transportation its account 1t is
hoped that the department ju charge may be induced to
consent to allow the company small portion of the space
referred to.
The indebtedness of the Company the 9O.h septem-
Der was
Domestic. Ho'ol W
Total. s7e6, 3Is 81
Showing during the year $l5, 800 "a
The assets of the Company have increased during the
period Acc l40 81. small portion Of the foreign
debt is past due, and with accumulated interest the
whole due $50 co., &c meet this abundant provision
HIS been made in Confederate bonds and in Cotton
repondeuca has been held with the bondhoders in London
to which they reply expressing their qualification and
fdence in the Company.
During the year Cotton bonds valued at 500 $50 have
been purchased and added to the sinking fund.-
During the year the Board of Directors has been deprived
by death of the valued eounses of of lis most respect
ed members, E. P. HALL, Esq.
The oncors and employees Of the Company have dis
charged the duties assigned them with commendabe zeal
and ability and this fact is brought to the attention of the
Stockholders
The report of the Chief Engineer and Superintendent
gives detail the of and items expen-
diture fsr the last fiscal year. The aggregate given in
the report of the President and Directors The
its machinery in better condition for another years
vice han it year ago. and the Company is every
day becoming more hopeful of maintaining the road and
rolling stock in fair working order for indefinite period
One thousand tons of rails for repairs
the current Less might do, but cannot be hoped
that much less will carry the road through the year.
One locomotive two passenger and seven Freight Cars
have been burned by the enemy during hs year. leaving
tTenyfoEr engines, nineteen passenger and hundred
and hiryfve freight Of the engines
in running order, made with slight repairs.
Reference is made to the buildings progress or
ander contract to replace those destroyed enemy
Looking to the future tie Engineer Superintendent
recommends that at the earliest practca bic time the road
be 1ead with new iron Of weight of fflysir
pounds to the yard with chairs joint fastenings of
less than fifteen 10 eighteen pounds weight He also thinks
that the Cape Fear should be spanned by substantial
bridge and he then believes that with the route South to
hlngsVle IN good condition, no fears need be felt
count Of the opening of the much dreaded Piedmont
TIE entire reconstruction warehouses; track and
Fepal shops at Wilmington, according plan hereto
lore submitted should be made Attention called to
pay Of the officers and employees that the
company during the past two years Ia cases their
pay entirely dsproportionae the cont of living and
bear proportion to their compensation former times
is serious matter, and that requires mmedi
ate remedy There not officer, agent employee
Of the company paid relatively half much as he was in
}s6O.-DeiLy Journal, 18th.
The Auction Sales
Are progressing with considerable spirit The attendance
of bidders seems to be full and prices appear to have
petey recovered from tbs a which they experienced last
week.
Perhaps the recent destruction capture of number Of
valuable ships cargoes may contributed to bring