| From the Charleston Mercury |
| |
| February 5, 1861 |
| |
| King's Mountain Railroad |
| Office of the King's Mountain R. R. Co. |
| Yorkville, January 25, 1861 |
| |
| We, the undersigned,
Directors of the King's Mountain Railroad Company, at the request of
W. E. Rose, President, have this day examined the books of account,
and vouchers of the Secretary and Treasurer (James H. Fayssoux) and
find them all well and properly kept and correct, as appears from the
vouchers. |
| Aggregate amount of cash received during the
year 1860 |
|
$53,679.89 |
| Exhibit of Payments |
| Amount paid C. & S. C. R. R, 1860 |
$27,011.00 |
|
| Amount paid on debts of Company owing, 1st
January, 1860 |
6,987.28 |
|
| Amount paid on dividends, payable 1st January
and 1st July, 1860 |
11,826.00 |
|
| Amount paid on Expense Account for 1860 |
2,278.26 |
|
| Cash balance |
5,577.35 |
$53,679.87 |
| Due Company (exclusive of Greenville Bonds) on
1st January 1861 |
|
$3,000.00 |
| Balance owing -- expense account -- not
exceeding |
3,000.00 |
|
| Leaving a reserve fund of |
|
4,600.00 |
|
| We direct that a
semi-annual Dividend of Two and A Half Per Cent., be paid to the
Stockholders, on and after this day, at the office of the Company, on
application by the Stockholders, their agents or attorney; and that
this resolution be copied in the books of the Company, together with
the thanks of the board of Directors to the President of the Road for
his untiring energy and strict economy in the management of the Road.
Also, to the Secretary and Treasurer, for the prompt and business-like
manner in which his department has been conducted. |
| Robert Whitesides |
| John S. Ryan |
| W. A. Latta |
| G. R. Ratchford |
|