Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-11-29
1,269,25l 81

545 bonds of the Com
pany at 70. ........... 1881 800 90
Receip Of the road from
Oct. LIST. 1856, to July LIST,
1868. ACKNOWLEDGEMENTS. $4,000 90
1,221, 500 90
Balance of Indebtedness on July 1st,
1868 47,751 So
In conclusion, the Report recommends
that the Stockholders sanction and approve
the action of the President and Directors
in regard to the arrangements made with
the " Wilmington Railway Bridge Compa-
n.y." the endorsement of its bonds, &C.,
stating that the President and Directors, in
their action, consulted the best interests of
the Road.
THE SUPERINTENDENT REPORT
embraces a statement and various tables
of the receipts, expenditures and general
expenses of the Company, together with
remarks upon way-travel, freight, &c. The
gross receipts for the year are stated at
$432, O59 43; operating expenses, $279,-
SIS So, leaving as the net earnings 1882,
| 543 SIS.
The statement of receipts and expenses
are quite lengthy, being given i'll detail, to
publish which our limited space will not
admit of.
The report asserts that, by reference to
former reports, the receipts from all
sources compare favorably with those of
any previous year, and says that the de-
crease in through travel, noticeable from a
comparison, is attributable, after the unset
tied condition of the country, to the lack
of perfect connections with the different
roads South of us. 1t goes on to say, that
as the whole line is alive TO the vast impor-
lance of close through connection, and a
we'll regulated system of through tickets,
this Road is now in condition to compete
successfully with the Western routes, and
there is reason to hope to obtain a fair
proportion of the travel.
FREIGHT.
The following statement will show favor
ably for the freight receipts of the present
year compared with those of 1860:
The receipts for freight in 1861 are 1910, 4Ol 16
Those for 1860 were ..........-..... Zoo,942 W
the increase is mainly due to the increased
rates over those of 1860, but the rates have
been materially lowered during the past six
months When taken into consideration
the increased facilities for freight, and that
the rolling stock is taxed to it's utmost ca
pacity, and is still found inadequate to the
removal of freight as rapidly as it accumu
lates, there is every reason to anticipate
that the revenue for the future will be even
greater than during the past.
Since the resumption of operations the
many bridges which were destroyed, pre-
vious to the close of the war, have been re-
built, including those over Alligator Greek,
Brunswick River and the Pee Dee.
EQUIPMENT.
There are now in efficient working order
fourteen engines, six of them new. They
are classed as follows Seven first class,
four second class, three third class. One
additional engine is now in the shop I'M
dergoing repairs, and will shortly be COM
pleted, making in all eight first class en-
gines.
CARS.
The number of cars are stated as follows
forty-nine box cars, (forty-four new; sew
enty platform cars, including fifty new, and
five passenger trains complete, consisting
of five first-class, five second-class, forty
five baggage and four nail cars.
The report asserts that by ali additional
for IF
pairs can be made, all the old iron on the
road relayed, and the road soon placed in
every respect on first-class footing.
Thereport concludes with stating. much to
the Superintendent satisfaction, that there
has been no accident during the past year
resulting in the loss of life, land in fact no
accident on the road of serious nature) );
and bears pleasurable testimony to the eff
cheney and zeal which has characterized
the labors of the officers and employees of
the road during the past year.
THE COMING Down IN PRICEs.-It is a great source
of satisfaction to the to the prices of
all the necessaries of life coming down at such
rapid rate. The spectators have enjoyed long
term of profitable operations, and it is time now
that the people, especially those of small MEANS
should be enabled to live without exhausting every
dollar of their ca Tnings in procuring bare sup
port for their families. The Western spectators
in provisions and cattle are now compelled to
throw their produce on the market, for it has az
cumulated vastly on their hands, and their bust
ness must still so Hence the ample supply
which has reduced prices so suddenly, and so OPP
portunely for the poor, just the advent of win
ter. But while the wholesale quotations show all
immense Decline it will not do for the retail dealers
to maintain disproportionate prices. They must
come down in the same ratio as the markets.
We clip the above from the New York
Herald of the Goth inst. We only hope
that prices may continue to come down until
a standard is reached by which consumers
may be enabled to live without resort to
the last farthing of their income, in order
to obtain subsistence for their families =
We speak Jselngy.