The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1870-04-27
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of the Charlotte, Columbia and Augusta
Railroad met in annual convention at the
City Hall, in Augusta, on ednesday
morning, Mt half-paSt 10 o'clock. Hon.
j. Y. Fl. Allen was chosen permanent
presiding officer Of the convention.
Col. Vim. Johnston, President Of the
road, read his annual report From this
report VIC gather that the gross earnings
of the road for 1869 were S403. .TS5.49 {;
the operating expenses 1925, o9G.52-
leaving the net earnings S177,TSS.90, or
about II per cent Of the gross earnings.
The report also recommended that, as
the road owned $4,000 Of stock in the
Atlantic aud Tennessee and Ohio Rail.
road, iamiliary known as the Charlotte
and S,ateSvlle RailI oad, 4Gk miles in
length, which road was dismantlcd by
the Confederate authorities during the
war, and as said company was now un.
able 10 rebuild and equip said road with
out cooperation, 4 committee be ap-
pointed, or the Directors Of the Char
lotte, Columbia and Augusta Railroad be
invested with power 10 negotiate with i
similar committee, or with the Directors
of that company, on the subject.
The earnings for the year have been
from frcights SlSS,765.39; passengers
s499, ,5l6.94; mails $l4,467.4S; minor
sources 81, ,O35.Gs; total S404, 7S5.+9. Ex-
pendi,ures on account of road operations
are :: Maintenance way S5S, ,G39.44 !;
conducting transportation $56,69S.95 !;
motive power sl6,524.G2; maintenance
cars S6,47l.S5 ; machine shops $50, ,656.-
e.; loss, damage and deductions s., no.
q; over charges S2S423 through pas
scnger line 81 l,540.37 tax paid State and
United States S44.560.20; total $780,
53G.59; leaving Sl77,24s.90 for payment
Of interest and taxes; and account, Of
Augusta division. The stock, Of cars
consists of6 first class coaches, 5 Elail
cars-totai Is. ~ box cars. s stock
cars 70 plat forrn carS-total 1876.
Mr.. Walker. Chairman Of the Com
mittee on Nominations, reported the
following nominations for Directors for
the ensuing year, which were decided by
ballot in the affirmative: From Georgia
w. Z. jackson, Josiah Sibley, j. J.
Cohen, S. D. Heard. From North Car
olina-Wm. Johnston, \. 3. Davidson,
j. Harvey Wilson, Gen. Rufus Barringer
From Lexington-GeD. Paul Qnattle-
baum. From Richland-C. y. Melton,
DR.. John Fisher, Edward Hope, F. ".
McMaster. From Fairfcld-J. II. Rion,
". Il. Robertson. From Cncstcr-G. j.
Patterson, J. J. McLure. From York
\. B. Springs.
Judge Robertson moved that the next
ANIMAL meeting Of the stockholders BE-
held in Columbia, 5. c., on the first
Wednesday in May, 1871. Unanimously
adopted
Gen. Darringer offered the following
resolution, which, after considerable
discussion, was adopted.
Resolved, That the Board Of Directors
are hereby invested with foil power and
authority TO treat with and conclude any
negoti :tions or contract with the autho
rites Of the Atlantic, Tennessee and
Ohio Railroad Company, in regard to the
rebuilding Of their road, or its con-
sci,lalion with the Charlotte, Columbia
and Augusta Rai!roa.:.
Immediately after the adjournment Of
The convention, the Directors held i
meeting in the bali and unanimously re.
cc,,,c.::;vu c.; Col. Wm. Johnston to the Office
of President.