The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1867-07-23
CTR Wsstern Demufrat.
CHARLOTTE, N. C.
THE n. C. RAILROAD.

THE n. =. RAlLhOAO'
Last week We published the names of the
officers of the Road elected at the Stockholders
meeting in Greensboro on the 18th inst. we
find in the Raleigh Sentinel some extracts from
the Pres;dent's report and reference to the &C.
ton of the Stockholders, which will be interest
ing to The public:
President Webs report.
The Presidents annual report goes to show
that the income of the Road, from all sources,
for the past year, was five hundred and ninety
eight thousand, one hundred and ninety nine
dollars. The expenses have been six hundred
and ninety thousand, four hundred and ffty-six
dollars aud thirty-tbree eeIts. In the kst o.
expenses, however, are inserted items belonging,
properly, to former years, which have, of late,
been brought up. BY dedueting the old debts
from the gross earnings, there has been nett
income of one hundred and ffty-two thousand
and sixty-six dollars and sixteen cents. There
has been falling off of the total receipts of the
Road, from last year, attributed to the general
decay of business in the country. The excess
ofearnlngs last year, over this, were S279, S327l.
The loss of the Com pany, by the accidental kill
ing of stock, hes been near three thousand dol
lars, among which were l3l COWS.
The number of passengers carried by the
Company was 68,672. Compared with last
year, falling off of "a 1896. Not an injury
has occurred to a passenger during the gear;
verg fe,o connections missed, and not a car has
been off the track on account Of bad road
Heavy losses have been paid in the form of in
demnity for damages sustained by persons in
jured by powder at tie close of the war.
The bonded debt of the Road is $3.50, 0Oe.
All outstanding liabilities 1903 ,S3l.74.
Through rates of passage and freight have
been made with connecting Roads and Steam
boat lines, aud freghts from new channels have
found their way upon this Road. South Caro-
linians, instead of shipping through Charleston,
are now, to an encouraging extent, sending by
produce by the same route. 1t has been neces-
sary to reduce the number of freight trains,
traeeable to the falling off of business in the
land. The road-bed is reported to be in ad-
nirable condition-well graveed.
The iroa of the North Carolina Road has been
in use for elevea years, and needs renewing
Twenty five miles OF ew iron are now needed
This would cost, new, 1925 900 To have the
old iron renewed would cost $4,000. This
latter process is pronounced the preferable plan.
Six miles and half of new iron have been
put down during the year, and 81 900 stills, and
there are 10000 stills now on hand $4,000
cords of wood have been used during the year,
and there are now on hand over six thousand
cords, or q six months supply An entire re-
newal of the bridge across Yadkin river is about
to be undertaken.
There have been important reductions in the
number o. employees of the Road, and in gen.
eral expenses. The fare is now fve instead of
sir cents mile, and freig hts have been lowered.
lection of the Stockholders
Capt. Berry, of Orange, introduced the fol-
lowing resolutions, which were adopted:
WHEREAS The income and consequent profits
of all Railroads depend obviously and mainly on
the amount of transportation of passengers and
freighss over the entire Road of any Company,
and such income and profits are necessarily
diminished, when such transportation is over
but part, instead of the whole length, of the
Road therefore,
Resolved, That it is manifestly the duty of
the Directors of this Company to adopt and
pursue such course as will most surely carry
into effect the principles and policy referred to
in the preamble hereto.
Resolved, That the Directors of this Company
are hereby instructed as promptly as may be
practicable, to make such arrangements Jointly
with the Railroad Companies as we'll at the
Eastern as the Western ternni of the Road of
this Company, as will most certainly insure the
transportation of passengers and frei ght over the
longest distance Of the Road of this Company
Gen. Rufus Barringer made some remarks
upon the general condition of the Road; earnest
ly appealing to all who are interested in the
Road aud the State, to aid in the important work
of making it pay, which he thought could be
done only by each individual Stakeholder in
teresting himself, personally, in its affairs.
1t Was decided to create the Office of auditor
Of Accounts, for the Railroad Company; and by
laws we're enacted prescribing the duties of his
position Five dollars day with the privileges
of the Road were voted to the Directors.
The Presidents salary was fixed at $500
per aDpum. Five dollars day was voted the
members of the Finance Committee while on
duty.
The President of the Charlotte & S. G. r r,
Col johnson, appeared before the Company, in
behalf of the Columbia Il Augusta r R Cor
Charlotte,& Hamburg r. Hamburg, S. C,
is directly opposite to Augusta, Ga. 1t is pro-
posed to connect Columbia with Hamburg or
Augusta. Aid is asked of the N. G. r. r to
help the Columbia & Augusta R. r The dis,
lance is 80 miles by the new route, against 40
by the old route uia Branchville, and differ
,ence of hours to the through passengers The
representation was made in an able manner by
Col. j., and the advantages of the new road to
our road were set forth very clearly All felt
desire to see it built, But in the present con-
dition of The n. q. r Z lit was not regarded as
O prudent step to incur additional liabilities
Gen, Rufus Barringes introduced resolution
proposing to mortgage the property of the ~
q. K r, for the purpose of borrowing money to
pay the old debts and meet current necessities
of the Road This was referred m q comp;,tao