| Annual Report of the Charlotte & South
Carolina RR |
| as of January 1, 1864, |
| Superintendent's Report |
| |
| Office of Sup't. Charlotte & S. C. R. R.
Company |
| Columbia, S. C., December 31, 1863 |
| |
|
To the President and Board of Directors of the Charlotte &
South Carolina Railroad Company:
|
| |
| Gentlemen, |
| The earnings and expenses of the road
have been as follows for the present year: |
| Earnings: |
|
|
| From Freights |
$270,421.99 |
|
| From Express Company |
186,281.86 |
|
|
From Passengers |
294,461.52 |
|
| From Mails |
11,000.00 |
|
| From Confederate States transportation |
336,603.79 |
|
|
|
|
$1,098,769.16 |
| Expenses: |
|
|
| Maintenance of way |
$184,642.93 |
|
| Conducting transportation |
85,216.85 |
|
| Motive power |
107,526.94 |
|
| Maintenance cars |
75,464.58 |
|
| Machine shops |
104,364.67 |
|
| One locomotive purchased |
18,000.00 |
|
| Loss and damage |
30,817.74 |
|
|
|
$606,033.71 |
| Loss and damage unadjusted |
25,000.00 |
|
| Due Confederate States for material |
18,500.00 |
|
| Due Confederate States for locomotive |
22,500.00 |
|
| Due Confederate States for War Tax |
30,000.00 |
|
| Outstanding claims |
32,500.00 |
|
| Donations |
1,500.00 |
|
| Interest on bonds |
24,000.00 |
|
| Two negroes died during the year |
2,500.00 |
|
|
|
$762,533.71 |
|
|
Less amt. received from A., T. & O. R. R.
at Cr. Expense account |
21,945.53 |
|
|
|
|
$740,588.18 |
|
|
|
$358,180.98 |
|
|
Two dividends, one of eight and another of twelve per
cent., were declared and paid during the year. Sixty-seven per cent.
of the income has been expended in operating the road -- a much
greater per centum than for the previous year -- which, as shown by
the Superintendent's report for that year, was small in consequence of
"the inability to procure a full supply of material." The
inadequate stock of material on hand rendered heavy purchases of
supplies necessary for the present as well as the coming year. These
purchases, the heavy increase in the price of labor, and the greater
number of operatives rendered necessary to do promptly the increased
business of the road, in connection with the comparatively small
advance in our passenger and freight tariff, will account for the
expenditure of so heavy a per centum of the income. A small balance is
left from the net receipts after paying the dividends, which is
chargeable to depreciation of property, and which will pay only a
small proportion of the actual wear and tear.
|
|
Two locomotives have been purchased from the Government;
and in the month of October last I contracted with the Memphis &
Ohio Railroad Company for the use during the war of two locomotives,
five passenger and thirty freight cars, a portion of which have been
received, and as soon as repaired, at the expense of the Memphis &
Ohio Company, will be placed in service. This increased rolling stock,
with the addition of one new locomotive nearly completed in our shops,
and the freight cars that will be built during the year, will enable
us, I think, to do promptly all business offered.
|
|
The tonnage of the road has been heavier the present year
than ever before, as will be shown by the following statement of tons
of freight transported:
|
| January |
2,489 |
|
May |
4,448 |
|
September |
3,032 |
| February |
2,297 |
|
June |
3,286 |
|
October |
3,351 |
| March |
2,890 |
|
July |
3,822 |
|
November |
2,719 |
| April |
3,425 |
|
August |
5,349 |
|
December |
2,614 |
| Total |
39,662 tons |
|
|
Every effort is being made to secure a large supply of
wood, timber, and other material, that we may have seasoned wood, and
be enabled to put the track and rolling stock in a complete state of
repair during the next summer.
|
|
I am pleased to state that since I took charge of your
Road as Superintendent, on the 12th of March last, the officers and
operatives have rendered valuable service, and evinced every
disposition to further the interest of the Company and Government
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Respectfully submitted
|
|
Thos. R. Sharp
|
|
Superintendent
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|