Savannah morning news. [volume] (Savannah) 1868-1887, 1881-11-18
PORT ROYAL RAILROAD.
Annual Meeting Of the Augusta and
Port Royal Railway Company.

The annual meeting of the Augusta and
Port Royal Railway Company was held in
the Office of the company In Augusta on
Tuesday. Among those present were Mr..
VIM. NJ. WadleT, Mr.W.G. Raoul and Mr.. D.
q. Wilson. The reports OF the officers were
presented, and were completely satisfactory.
The eud of the fiscal year has been changed
from the 3Ist Of December to the 31st of
June, by the action of the last Legislature
of South Carolina, and the reports, there
fore, show the operations for the six months
ending 3Oth of June, 1881. The earnings,
for the six months, as compared with the
same period in 1880, were as follows:
Gross earnings for six months, 1880 .S132,714 81
Operating expenses for six months, -
looU. OBSERVATION-DISCLOSURES 1lO,A9S %
Net 2a,561 "
Gross earnings for six months, 1881. 179, 166 CO
ISL ApenSe9 ioi 81 I 1s7, 495 So
Net earnines................. 41,67O 76
Increase of gross earnings. S46,4s1 ~
Increase Of net earnings. ..-.....--- ls,lOo "a
The President says: "This shows q fair
and satisfactory gain, considering all the
disadvantages we labOred under, as we are
constantly short ofrolling stock and motive
power during the busy part of the cotton
and guano season, and were assured that
for the want Of increased facilities during
last season we lost business that would
have come to US II we were better prepared
to give shippers more rapid and certain
handling"
The superintendent report shows that
the following was expended for equipment
and improvement: Locomotives Nos. II and
10. $17.06S &c; Improvements on wharf,
1879. $3.567 o.; water works at Port Royal,
81, 446 60; new cars, S26, $50; material and
labor on new cars, $14,692 "a; new ware
houses, $40, 136 6S; bridge to wharf at Port
Royal, 1928 81; depot at Hampton, s., AIS O5;
paint shop, $500 81; depot at Millett, on &C
count, 1859 SO; depot at Beaufort, on ac-
count, 81. 1923 IS; Westinghouse air brakes,
80 All 1S-total, S93, 0S7 62.
The stockholders elected the following
directors:
VIM. NJ. Wadley, Savannah.
w. G. Raoul, Savannah.
Geo. s. Owens, Savannah.
J. J. Gresham, Macon.
Jno. W. Greene, Augusta.
D. G. Wilson, Beaufort.
ID. F. Appleton, New York.
Il. Fl. Body, New York.
4. Islin, New York.
ham are directors of the Central Railroad,
and Mr.. Greene is General Manager Of the
Georgia Railroad. Mr.. Wadley is President
and Mr.. Raoul is Vice President Of the Cen
trail Railroad. The latter corporation owns
q controlling interest in the Port Royal Rail
road, and will now, we understand, assume
the entire control of that road.
The directors held meeting at the Plan
tiers Hotel Wednesday night, at which
Messrs. Wsdley, Raoul, Gresham, Greene
and Wilson were present. Capt. Rsoul was
elected President, and Mr. McIntire, Of the
Central Railroad, Secretary and Treasurer
Of the road.
1t is said that the new management will
90 into effect on December 1st 1t is ru-
mOred that the present freight depot OF the
Port Royal Railroad will be abolished, and
that the Central Railroad depot will be the
freight department for both roads. 1t is
not known whether the local officers Of the
Port Royal Railroad will be retained or not.