| Annual Report of the Cheraw &
Darlington RR |
| as of September 1, 1861, |
| President's Report |
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| President's Office Cheraw & Darlington
R. R. Co. |
| Cheraw, November, 1861 |
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To the Stockholders of the Cheraw & Darlington Railroad Company
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| The President and Directors
of your Company have the honor to submit this the ninth Annual Report
of the condition and prospects of your affairs. |
| From the reports of the
Treasurer and the Superintendent, it appears that |
| The gross earnings of the year, ending 31st
August, are |
$41,336.43 |
| The current expenses for the same time |
32,656.16 |
| Giving as net earnings |
$8,680.27 |
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Comparing this with last years earnings and expenses, it
will be found that the former have fallen off $13,138.35, while the
latter have been decreased $3,377.29. To explain this condition of
things, it is only necessary to say that the unjust, unrighteous and
unholy war which now exists, has cut off almost our entire Spring and
Fall up freights, our entire turpentine and other naval stores
business, and all the incidental traffic belonging thereto. The
business of the year has been conducted with promptness, and without
serious accident excepting that Caesar, a negro man belonging to the
Company, was killed while attempting to jump on the train while in
motion. This unfortunate result was the consequence of his headstrong
imprudence after repeated warnings, and after a severe wound received
from like causes under like circumstances.
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In accordance with a resolution of the Stockholders on
the 17th of November, 1857, the Board of Directors submitted to the
North-Eastern Railroad Company a proposition to amalgamate this
Company with theirs; and at the last Annual meeting of that Company
action was taken thereon, and is herewith submitted. Your Board would
at present recommend that no further action should now be taken on
this subject.
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Having received notice from parties interested, your
President proceeded to Raleigh, N. C., in August last, and succeeded
in securing favorable amendments to the Cheraw & Coalfields
Railroad Company charter, rendering it now practicable, if desirable,
to build that Road. Your Board cannot too earnestly urge on
Stockholders the necessity of this work, and would recommend a liberal
subscription to the stock of that Company. An item of $487.04 charged
to the Cheraw & Coalfields Railroad Company appears on the books
of this Company. This amount was expended as a portion of the expense
of a preliminary survey, and will no doubt be refunded in the Stock of
the Company; and your Board ask you to ratify their action in the
premises.
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Respectfully submitted
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Alan Macfarlan
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President
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