| From the Carolina Watchman (Salisbury, N. C.) |
| |
| July 14, 1862 |
| |
| North Carolina Rail Road |
| The Report of the President of this Road
to the late annual meeting of Stockholders exhibits a gratifying
account of its operations and financial condition. |
| The total earnings for the year sum up |
$791,063 |
68 |
| Total disbursements |
440,420 |
16 |
| Nett Earnings |
$360,643 |
52 |
|
| The increase of gross earnings over the
previous year is $370,401.79; and of nett profit $269,363.93. |
| This statement embraces $90,008.69 payment
of debts contracted prior to the commencement of the fiscal
year:$6,363.88 for new cars built in the shops; $28,000 for payment on
coupons on funded debt; and $25,000 for the sinking fund. |
| The total cost of working the Road from
1st June 1861, to 1st June 1862, is $241,957.17 -- about 30 per cent
of the whole earnings. |
| Whole number of passengers, exclusive of
soldiers |
117,325 |
00 |
| Whole number of soldiers |
87,057 |
00 |
| Total of passengers, during the year |
204,382 |
00 |
| Earnings from private freight |
$148,863 |
00 |
| Government freight |
123,535 |
40 |
| Total freight earnings |
$272,398 |
40 |
|
| The Road is said to be in much better
condition than this time last year. It has been ditched from Concord,
East, and 93,082 new sills have been put down. As many more are needed
to put the road in sound condition. |
| The Shops have been the salvation of the
Road, under the direction of the Master Machinist, Mr. E. H. Marsh. |
| The Road is to have Telegraph Offices at
nearly all the towns, and the freedom of the line for the use of the
road, at the expense of keeping up the poles. |
| We will refer to this report again. |
|