Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1871-02-10
WILMINGTON, CHARLOTTE Gx RUTH Err
FORD Il. II COTPANY.
VIII CHAR G RUTH. l. Il. COMPANY,
CIF.CE CHIEF ENG. " GES'L SUPT,
NNrr,rr.-l.rnnr n NST1

70 THE PRESIDENT AND Directors
Gentleanen In obedience to your re-
quest, | submit herewith the report asked
for by you. showing the present condition,
prospects and costs of completing your
track to Charlotte and Shelby.
Your railway, beginning in the city of
| Wilmington, is now completed TO point in
Anson county, four and a half az miles
West of tho Pee Dee River-the Eastern
DivisiOu-being one hundred and twenty
five miles from Wilmington. The West
ern Division, beginning ut Char! otte. is
completed to Chcrryviile, forty three (43)
miles west of Charlotte.
There are about ten miles Of grading
On the Eastern Division, and eleven miles
on the Western Division now ready for the
rails. This track laid, would carry the
Eastern Division to WadeSborO', the seat
OF Justice of Arson county, aud the West
ern Division 10 Shelby, the seat of Justice
| OF CleaVelaud county.
If we had the iron rails We could tins
add twenty-one miles of track at q COM
parati7ely small cost, which would very
cons derably increase our receipts without
much additional cost of operating
One hundred and thirty thousand dol
lars expended in Iron, Spikes, &C., wonld
enable us TO lay this additional track, and
[ earnestly recommend it 20 your special
attention.
from its present terminus, near the Pee
Dee to Charlotte, sixty-one and hall
miles, are herewith submitted, amount
ing to nearly $SOO,O00.
The report Of the Assistant Engineer in
charge shows that about one-third of the
grading has been done, and there are no
streams of any size beyond the capacity OF
ordinary trestle-work to span; the soil l.
easy to work, and that very little rock cut
ting will be necessary.
/ have, therefore, estimated the grading
at twenty five (25) cents per cubic yard.
L have recommended q good rail of fifty
four pounds to the yard, with fish JOINT
fastenings. This makes the cost about
100000 greater than it would be if we
used a fifty pound rail and cheap chairs
; for joints.
believe the best is the cheapest if We
can obtain the means 10 Use it, but if not
\ we may go down to forty or forty five
pound rail for ten years and then relay
t this track with heavy rails. This wonlC
, reduce the cost still more.
L also submit a statement showing tht
receipts and expenditures of the road fo1
/ the past four years, coming down to thu
: see that the net income has been NOR
! than $95, 900 per annum.
Q am of opinion from the present pros
: poets of business and from what has a.
= ready been received in the first quartz
q that the receipts of both Divisions will no
: fall short of $4,000 and although tn
q Western Division is not very economical
4 operated, / believe the net receipts Wi
= not fall short of $11O, 900.
Could the twenty-one miles referred
j. above be completed, Think we could in
l. sure the payment of the interest on tn
. first mortgage bonds from the net receipts
When the road shall have been com
8 pleted to Charlotte, making 185 mile
1 from Wilmington, it will not only be self
t. sustaining but it will yield handsom
surplus to the Stockholders.
Y Let us look for q moment at the facts
/, There are said to be over $4,000 bales {
cotton to be sent to Northern markets frol
g that city, 40, 900 bales of which will b
sent by the Wilmington route either b
j. water or rail. Mecklenburg (outside c
Charlotte,) Monroe aud Anson, will pro
IS duce at least 80, 900 bales moro that wi
Q seek market by this road.
}, This Cotton freight alone will reach. $120 ,0t
9 Other produce and Minerals ........ 75.Ot
,r Return Freights and Mercnandize. ..... z45.O'
Gross Receipts from Charlotte and West
To this add for the Western Division. 60,0(
n For the Eastern Division, east of the 900 o.
Zee Dec, .-.............. ..'..s...' AoO,V
Estimated gross receipts FOX tho first
t, year after the track reaches Charlotte
and SheIbyVlle, ..-.........- Sf3u,V
II The above estimate is based upon stati
d ticaI information that is entirely reliable
and am confident that it is rather belo
l. than above what the facts will justify.
" ESTIMATE FOR COMPLETING THE ROAD J
CHARLOTTE. DISTANCE FROM THE PREsEH
t, TERMINUS OF TRACK TO CHARLOTTE, sIXT,
D ONE AND A HALF MILES. [6l 56-100.
-, Total quantities to be graded and done
II Excavation. ,2O2, ,67) var
Already graded. ............., 232,76G
m Emb8nkuent.- LOO 400 ',
- s. completed. d....-..... 3g6,25l -
To be done. ,291, ,929 IS
!. Total ExoavationB Embankm 'ts2 ,20l, 142 "
- One-half, cubic yards. i, 1CO ,5I
9, AS pay, but for Excavation only
e. at 25 cents per yard .Sz75, 142
= This is for the present located line,
but by improvements In location,
u we can save in excavation and en-
st bankment, it is be ieved. ten per
in cent. more, which will leave Us
inns TIA rOS Of =