Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-12-03

Ph'ud the benefit that spula. be also extend
for mai uactu ing uposes Unfortunately the was
cartnred he's 6-s utward voyage and regret 70 say
Gomnany. We believe motives wlch actc ed the
@ boaad IN engaging in this enterprise viii be fa!y ea
ton In he ofrails in thu locomoye aehi e. y and
the Isup difficulty in procuring the
sary or conducting the repairs and sustaining the cona.
ued operation of the Road unit ing upon the
some effort to remedy The evi aring frc causes
During tie there hsa besn nvestn sut made on
This cotton is stored in sheds erected for the
po7e aecent to the line c the Road 1t is covered by in
surarte "A portion OF 1t has been shipped abroad and
these shipments will be continued opportunity ofers
The purchase ada during ths last Spring.
canls. -2
sinking fund of se 500 Bonds liz set aside to meet
which has beoeme much enhanced by the price of
that commodity ana the investment of portion of the
we hope viii enable to meet the continge that may
arise & The fund Of Confederate of the If
the market since they were set aside for this purpose
This i, az i. stood at tie close Of the sca wear
slnce that time two paymests have been made
making We ~ FIJI sottlement Of our accounts with
the Govern mept nP to 'ha lst Oct last.
OF s4 Of this, however greater portion has
been devoted TO the OF reel eate being or
pot at Whining when much enlarged he depot
space at that point and has proved va'ua e purchase
along the lipe Of t. Road.
The
unpaid interest at the close o: that year So oOo
rms sum has bee0 eascd this year by the
natnred, but not presented for payment, 500 600:
The Board has declared 6urisg the year dividends
other OF II per payeb:e May 1855 since tie cloae
OF the year d;deDd cf rs cent has been declared
payable the 23d Nov instant which, however, VIII be en-
braced in the accounts of the current iscal year.
The business done t. Road has been 1argelT in
that Of the year ISL and to double that
Of the 1862 ard would have been than
fore the last causing almost entire cessation in
passenger business AID confning treghting
rafc to 1he narrowest limits thereby greatly reducing
cepts ii may 30 saidt for about oneourtu the year Iis
Ei app ar inspection of the table of reoepts-
But tee prcspect for still enlarged business for the
ng year is f.ttering. " it'll the additional rolling stock
which we have secured trust that without untore
seen occurrence prev eatiDg, shall be abe add con-
S'GS'ae Tbs to the sgsregatGs G OF this ysar
ion to the necessity Of the Road for iron rails be LAID
lewn for renewal track AS he very justly
IS its aid to Obtain thess The or1v two roli i m M
b. where these rails co1d be procured have been So
arious that the r roads have been entirely de-
,rlyed of them sources from which they could deva
nearly occupied by the Government to the ex
fusion of rail roads, in the manufacture of guboat iron
'eriepce has already done so. The future perhaps
vii bring forth CLEARER demonstration. All will agree
will be for those who rule say whether thsir
hall be chsrsed and they be preferred
eress, and preserved whether they be dsre-
arded held opy secondary left to he chances
accident for their preservation And besides, will be
ecessary that the Government should aid in another
pest We have Suffered very much inised for the past
weve months in the want of de the uay nccea
arV repairs the rolling stock Of tho roads The
use for veunte e1ing, which seized nearly every
be opening of the deprived OF many whose
were extremely valuable to and of the remainder
many brought within the requirements of
crpt Act. This spirit to the country in time OF
eed was certainly most laudebIe one but what &c
Ire TO say is aad in which think the whole country
oncur that in oraer to preserve its communication the
oad must be sustained and TO do this will be necessary
1at more liberal policy sha be pursued in the future
ccording to them ample facilities fer procuring the me-
hancs necessary for doDg their work We pleaed
see that yelIer interest manifested of late
this subject, which may result ia aordns TO
hem that aid inperatiVely demanded by
xigeuc es. 7
THOS D. WALKER, I
dent |