Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-11-15

Charged as INV as the lowest through rates, on
the ground that our own people should be treated
az we'll Ms those at di-tanc 70 this ABSTRACT
principle no one can object The true Gauss or
complaint this subject, however, Is, that those
who bnilt md must sustain the road tthe non
subscribers have no reason 20 complain lcse
sight of their own ist rests. Would any people,
having completed great work like TINS smut out
its benefits TO all the world but themselves, Their
neghbors sud immediate friends because others
living at distance could not afford to use It. al
pay the same rate per mile that they he owners
find it nec6 ssary to charge thems ives ana ther
neighbors to maintain the Road and pay al ID
come upon their Investment? Surely not And
yet this is precisely the presented. we can
not get the distant business unless we carry 1t as
low as it can go by other competing routes Shall
we refuse to take it because of that fact, and run
| our half loaded with local business only,
when we can fill them at less rates as Gddtnondt
business? We think not. All we can add to the
recef to from such sources Is Dea1ly all pfont, anu
| helps to reduce the local rates, and thus Deneht
the local patrons In other words, will the local
patrons maintain the line alone, or receive the as
| slsrance of outsiders at such rates as they are
willing 20 pay?'
Col FREMONT has shown great ability
and evinced creditable energy in efecting
a system of Through Freight which has
surpas sed anything Of the kind yet attempt
ed in this section. In this he has had the
cooperation of connecting roads, and the
result thus far is summed up in his report
as follows
that nearly a calculations for business to support
the line were base1 upon " through travel rev
| seemed for a moment to realize the vast amount
OF Tonnage tranSpOrta'lo ion that could De dohe oy
uniting the several railway lines into one great
thOrOu9 hfare over which to transport the Valih-
bic merchandise f ON the commercial centres 10
all points OF our Southern country and to ret urn
cotton and other valuable products to thcs1
points
| differing somewhat f. III the general opinion
upon Ibis sui ect, | urged upon the connecting
roads anterior to the war, the arrangement Tor
through freghting The war demonstrated to Us
all that the LdrGe amount of transportation, rather
than the Eig rates paid for it. WAS the hte source
of profit.
| acting upon this experience and the Lest
lights before u.s. the present system was adopted
after mature delibera'ion. The subject was fully
discussed before the Board immediately after our
last ual meeting, on the preseutaton OF my lei-
ter (of Dec Il on the subject, and The Woc matte!
was reteiro to the COMMITTEE 81 Transports
troit,' who reported, strongly Il gInS that Steps
be taken put IL rec the views set forth ttefe-
il. The undersigned clothed with tull au-
thority under the direction o. the PRESIDENT u
continue the negotiations he had already com
menceCs ali connecting lines for ne" business,
as We III increase that already eNlstlug. Inc
work at once resume d, ana has heen pres ca
forward rapidly as possible, ana WIN most IL
vorable results. We now have Through freight
ing arrangements between Boston, New York,
| Phad lphia, Baltimore, Portsmouth, Va and
this line of railway, with extension OF these lines
to all places on the Wilmington and Manchester
ia road, to Cbcraw and all places on that road
to Charleston and all places on the North Eastern
Railroad to Augusta and Atlanta Ga, and to al
the principal places on the South Carolina Hall,
road, and within few days past have been no
tilted that rates had been hnaLy agreed 10 lot i
Richmond tariff.
Il am now in negotiation for through rates to
Mont gomery, Mobile ana AL southern Alabama,
that Think will be successful, and open to Us I'll
tn IT county for lg hit goods
Very recently complete arrangements we're
made for the daily dispatch Of goods from Ne"
| York BY the Camden x Amboy Railroad, running
through without change OF cars to Criefie d
thence by steamers TO Portsmouth and thence on
same cars to this point 10 Charlotte rld
Goldsburo'. Cot vii be taken IL return with
] equal dispatch at low rates as by any other
route. insurance considered.
his completes the arrangement for daily
fast freight line between New York, Phlladelyhla
Baltimore, Wilmington, n. Q, and ali points
South and West of US, by and over our line, (or
part Of it) at rates for carriage that Will cOm'nanc
a large business ore which will grow t. proper
tons thai will materially increase the value OF ou
properly.
''The order Of he stochho' ders of the North Car
lima R4iIroad 'omnany, adopted /" Greens boro'
in July last, by which til freight TO and from tina
road goi 8 coming thr0 agh Portsmouth, Va.
| should pass over the Whole length of their road
rjt Go.dsboro', has added 10 our receipts souf
S1l 800 co for the mon hs Of August aud Septem
b-r and it - believed that 1t Will equal aver
age of ST, 600 co per month for the entire year
r say $40 600 % per aununi from this ne" source
i of revenue. at the sane time il adds to the re-
ceipts OF that Company about 81, 900 0O ne" III
come-equal to about 81 900 per mile Tor the por
ton Of each road.
81 have th,s hurredlv enumerated orr various
mem lines OF lH1Ouq}L bIdp and business, that hGu
been jadu9,tratet dttrtnJ tie post fiscal gear.
they are properly watched and tended they vii
, produce abundant fruit in The future.
81 cannot close this subject without rendering
my thanks to DIR. Hogg associated with me OF TIT
Committee Of Transportation, and who renderct
most valuable services in liking out results tha
were the basis OF action i'll initiating this work
Upon the questit Of Connections Col
FREnoNT says:
The subject Of our pas senger and freight con
nectons with other roads brings prominently t.
view the Importance Of looking route
that are multiplying around Es-some for OIL
Q benefit and some that will have an opposite ten
t dency may mention the read nov under con
tract from BALTIMORE to the Potomac near Acqni;
t Greek, that will be d very important adj unct
Another road has been chartered to from
Alex andria to near Fredericksburg, Va, tina
will be q9.liv valuable ~ ipedpr to our south
f ''As the President will refer this subject a
length | will only say that think it Is one tina
should be carefully watched, and when the prOpe
time arrives to be attended to. While others move
we mast not sleep.
suffice it to say that such a line as th
; ssnr0u31d the 7u0urt:dtnS,' through productive
country free from the effects Of the severe win
tiers Of the mountainous regions line connect
ing as does all the principal commercial cities o
the Atlantic 2lu IN cannot fail to become NOR
and more valuable az the country is developed anj
new connections are made"
Hroeee dipi,s OF tiae Tnir,2->egpnsl IE4,ngsa
Meeting of the stockhoidefs of the VII
: mLnston and Weldon Railroad Com
/ pany.
: MORNING SESSION.
The meeting was called to order by the election
Of Hon. William FL. Battle as Chairman and Pat
rick MURPHY, Esq Secretary, to act in coDjunc
, ton with J. w. Thompson, Esq, Secretary Of tn
l Company.
3 On motion OF Col. s. l.. Fremont, Paul II. Lang
don. ESD, was appointed en- tAe committee t
verify proxies to supply the vacancy caused b
9 the absence of James a. Bradley, Esq, appointe
. at the last annual meetng
+ The committee to verify proxies, appointed a
the last annual meeting, reported the follonin;
> number of shares represented:
BY Proxy OBSERVATION-DISCLOSURES 1871
I IOtdl .'''s - I,ooo
A majority of the capital stock OF the Compan.
being thus represented, the meeting was declared
duly organized and ready for the transaction 0
r business.
ND H..