The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-04-20

company in the Durham 4 Northern
railway company?
A. One hundred and fiftv thousand
dollars
Z Is there any other property that
you know of that the Raleigh * CASTOR
railroad company owns?
A The Raleigh & CASTOR railroad
owns part Of cotton compress at Char
lotte, 1t owns four thousand five hun
dred and twenty nine dollars and eighty
SIX cents in this compress, and it owns
stock in the Louisbnrg road to the ex-
tent of forty FIVE dollars.
y. Are You astockholder
A. I am not
Q, The Raleigh L CASTOR is well
equipped now?
A. Yes, sir.
z. Track in good condition :
A. Yes. Sir.
@ Rolling stock in good condition
A. Yes, sir.
T. Its business has been increasingly
A. Not much. very little.
q. What is its business this wear
compared with five years ago?
A | have not looked five years back.
but there is falling off from last wear.
Y. Can You give Us an opinion as TO
the aggregate value of the business as
compared with five years ago?
A L think there is not much differ
ence.
Q. Is your rolling stock in better
condition than five years ago?
A. No sir; but there is more of it.
e. You bought ana paid for its
A, Yes, sir.
| z. Ont of the profits of the road2
A. Yes, sir
y. 80 then within comparative
short period, the Raleigh 4 CASTOR
Railroad company has bought this stock
IN the Carolina Central, the Durham &
Northern, the Raleigh Il Augusta Roads
and increased its equipment and paid
for it?
A. do not say it has paid for il ont
OF Its earnings. The Raleigh 4 Angus
ia Air Line was paid for out of its bonds.
y. Has the Carolina Central Railroad
A. Yes, sir.
torso
A. Yes, sir.
Q. Are you its general manager /?
A Yes, sir.
Z. Is your salary for the service paid
by that company
A. Yes, sir.
e. You have general salary as Gen.
eral Manager
A. have salary from each com
pany. 1t Is divided amongst the vari-
Gus roads. Each company designates
the part they are willing to pay.
Z. Have these companies also their
own shops, and such things as that?
The Carolina Central, the Georgia, Car
olina & Northern, Raleigh & Augusta
Airline, and Durham & Northern?
A. The Carolina Central has its shops
The Durham & Northern has no shops
The Georgia Carolina IL Northern rail
road Is not yet completed
Z The Raleigh IL Augusta Airline
have shops?
a A. No, sir.
Z Where is done the necessary wort
for the Georgia, Carolina & Northern
Durham d Northern, and the Raleigh
: Augusta r-Llne roads?
A. We do some of it in Raleigh and
some at Laurinbnrg.
y Which does the greater part of it
A. There has been very little to dc
t for the Georgia, Carolina & Northern
We do it all for the Raleigh l. Augusts
: Airline here
a Z. Has the Raleigh l. Augusta Air
Line railroad company an Independent
i organization of its ownf
A. Yes. sir.
e Z. Does II ever pay for the work
s A. Always.
q. When not able to pay, then wha
did you do?
i. A. They always pay.
Z. DO you know the fact that th
bonds which the Raleigh g. CASTOR Rail
e road Company owned in the Carolin
l. Central Railroad Company have beel
returned for taxation by the Raleigh q
h CASTOR Railroad Company?
A. do not know sir.
J. Z. Anterior to the time OF tLs, sag
o. of the present Revenue Law, do 70
X know that the Raleigh & CASTOR Raj
road Company returned stock which
owned in other companies for taxation
~ A. do not know sir
~ G. If the Raleigh IL CASTOR Railroa
n. had none of those connections and ha
not extended its line and system, woul
:. it require as much rolling stock as
i. has?
"a A. No, sir; I do not think it wor'
q. This amount, then, was not ce
sary to operate the road fror' Gs.eig
U, to Weldon alone?
a. A. 1t was not necessary u opere
. the road for its own local b .s.ness, bt
10 its through business is as much ia Du
mess Us its local business.
,AS 9. Is it as dssi,1aia. dsss1,aa ple epd proftabl@
.,a A. l do not meau to saay aS.T ~ su
ne -no thing. Through business is not as pre-
ua D table as local, as rule, but we IN,
''an oua have cars to move it and prepare Tor