Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-11-26

of operating the road including the cost OF two
engines has been about ACT cent OF the gross re-
ceipts. II cost Of these ia excluded the result will
show about AZ! per The nett receipts after deduct
ing interest which has fallen due for the
year show earning upon the whole cost of the road OF
$40 50 per cent and upon capital stock of 46 go
cent.
The entire asetts which have passed into
easurers hands for the year, including these which
he held the close Of the fiscal year 1882 has been ST.
067 Al How this amount has been disposed CT the
various his of the annual expenditures
will Among these will be found one for the sum OF
hundred Thousand dollars invested by the Board in the
stock of steamship company (the Merrmac) The OBJ
eot of that Company to the Stesmshp hfoHg Inc
with the importation on freight OF 'noe
by people, and particularly by
manufacturing and railroad interests The right OF I'M
portaon this Ship proportion to its stock, was stpu
lated behalf of tue Company. Unfortunately the
Steamer captured her first voyage out and the liz
Testment became q complete loss.
During year the Company has made investment of
ninety thousand dollars in Cotton which slowed
adjacent the railroad. is covered by Insurance.
portion of 1t has been shipped abroad, and these ship
ments will be continued opportunity offers. The pur
chase during the last Spring. and It's average cost
per pound with all expenses included is about 23 cents
sinking fund SOS Geo Confederate fifteen million
aside and this with the Investment in Cot
and farther investments of portion of the
Treasury which is contemplated to make, will it is
hoped enable the company to mesany contiDg that
may arise.
The amount of interest coupons but presented
is 100000.
by the road has been largely in
Of P1y previous year, and the summing up would
been much larger but for the yellow fever which prevailed
in the Fall of 1862.
The superintendent reports that good or
der. There has been considerable renewal of timber
the track bridges and testles designed during
this pres fiscal year more. The iron on the
road on all the leading roads in the Cenfederacy
ginning to show considerable signs of amnaon 1t will
be necessary, if possible to obtain ten miles Of
iron. To secure rails the Government will have
to give its aid. This, is hoped it will designed
also to remedy this trouble about certain extent
during the present fiscal year. by renewing the of
requiring it, This be done shops and
at comparatively small cost, and it hoped that the
iron be kept fair condition by the adoption of the
above two
New wells and pumps being put up along the entire
fne Contracts have been made for the freight
ing facilities at Wilmington and Kngsvlle.
signed to erect passenger house at Sumter and
new warehouse at Mars Bluff.
The fulfment of contracts made for the ereetion of
wooden roof the Round House, protection of
engines from the weather, has been agodaby delayed
owing to The conscrip act taking away certain engag
ed on the contracts. The work. heSever progressing
and it hoped this very needfu Improvement will soon be
completed.
Difficulties have been experienced from the failure of
the rolling stock during the past year. These difficulties
have to considerable extent been by pur-
chase of two freight engines renting
favorable terms, of locomotives and seventy sye
freight cars This will not only facilitate the business of
the Road, but give opportunity repair thoroughly
some of the engines belonging te the Company.
Notwithstanding the heavy busne3 done on the Road
and the large number of trains both
gular accident of serious has occurred
Superintendent bears testimony general zeal
and fidelity OF the officers and employees of the road
DAILY Jonrnd, yesterday