NP, GP 9/3/1863

From the Greensboro (N. C.) Patriot
 
September 3, 1863
 
Western North Carolina Rail Road
   The Stockholders of this road met in this Town, on Thursday last, but for lack of a majority of the stock being represented, either in person or by proxy, were unable to organize or transact any business. Another meeting is called for the 11th September next. It is hoped that the stockholders will meet promptly, or put their proxies in the hands of such men as will attend to the business of the road. There are various surmises as to the failure of the meeting to organize, which, if true, do not speak much to the credit of those implicated.
   From the report of the President and Treasurer, we learn that the road is in a very flourishing condition. The total earnings of the road for the year ending June 1, were $162,766.55, and the total expense of operating the road for the same period, was, $62, 294.14, leaving as nett earnings, $80,040.14. The Board of Directors have declared a dividend of 4 per cent. The road is in good condition.
Salisbury Watchman

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