| Annual Report of the Raleigh & Gaston RR |
| as of June 1, 1865, |
| Finance Committee's Report |
| |
| Finance Committee's Report |
| |
| Your Committee have carefully and
thoroughly examined the property of the Company, and find, to their
surprise and pleasure, a much better condition of things than we
expected. The road bed is in excellent condition, with the exception
of a few places of bad iron. We think two or three hundred tons of
iron would put the road in its former good condition. |
| The buildings and water tanks
are ample, and of the most permanent character of the kind. The
bridges are safe and in good order, but the one at Jeffries' needs
some little repairs to protect it from the weather. The destruction of
Cedar Creek bridge was a serious loss to the Company, as the present
temporary structure will not last more than a year. We concur with the
Directors in the belief that it is not to the interest of the Company
to rebuild the Gaston bridge. |
|
We have examined the Books of the Treasurer and Auditor,
and find them to be carefully, neatly and faithfully kept.
|
| The reports of the President
and Treasurer will give correctly the financial condition of the
Company. We believe the receipts of the present fiscal year will be
sufficient to meet all the necessary expenditures, and we look with
confidence for handsome results from the efficient labors of the
Company's able officers. Your road is in good hands, as the last four
years will testify. No road in the South will compare with yours in
its good condition, thorough discipline and efficiency. The Rolling
Stock, when repaired, will be sufficient, we suppose, to meet the
demands of the public. |
|
The Shops and some of the Engines we did not examine, as
they are in the hands of the Military authorities, at present, but we
are gratified to learn will shortly be returned to the Company.
|
|
C. H. K. Taylor, Chairman
|
|
Thos. White
|
|
Robt. W. Haywood
|
|
July 20, 1865
|
|