AR, O&A 9/30/1862 EC

Annual Report of the Orange & Alexandria RR
as of September 30, 1862,
Examining Committee's Report
 
Examining Committee's Report
 
To the Stockholders of the Orange & Alexandria Railroad Company
 
   The Examining Committee, appointed at the last annual meeting, beg leave to report:
   The Committee have given as much time and as diligent attention to the subjects committed to their consideration, as their means and opportunity afforded. They have examined the old road, so far as it is now worked by the Company, about 30 miles beyond Gordonsville to Culpeper Court-house, and have found the general condition of the road, and its appurtenances, as satisfactory as could have been expected under the peculiar circumstances which have marked the destinies of this road for the last two years. This part of the road has been a contested subject between the rightful owners and their destructive, unscrupulous enemies, and has shared a like fate with all other roads which have fallen under their temporary dominion and control. The fine bridges upon the Rapid Ann and cedar Run, which had been destroyed by fire, are now substituted by others of inferior quality and less durability, which, though coarse, compared with those which preceded them, are strong and safe, and every way adequate, for present purposes, for which they have been designed and constructed. The same remarks are applicable to the bridges over the Rappahannock, and elsewhere, which your committee had no opportunity of inspecting. The road-bed, though worn and giving evidences of hard and constant service in its timbers and iron, will be, by judicious repairs and a substitution of new material for such as may be found impaired, made serviceable for years to come.
   The depots and station houses on this portion of the road are as presented in the report of last year. The committee, however, would not feel authorized in recommending any considerable outlay upon this road and its buildings at the present time, but would prefer to postpone it to a more safe and propitious future, when the condition of affairs and the settlement of that region would justify such an appropriation. They, therefore, limit their recommendation to such repairs only of road and buildings as may be indispensably necessary to the safe and convenient accommodation of trade and travel upon it.
   The extension, or new road from Charlottesville to Lynchburg, is in the best condition, as yet unimpaired by use, and affords the best example of which the committee is appraised, of a perfect road. Years will elapse, before we shall be called on to repair or re-furnish this road, unless some accident of fire or flood should anticipate the event.
   The committee have examined the work-shops of the company, established in this city for the repairs of engines and cars, and, although greatly inferior in all accommodations and conveniences to those lost with the city of Alexandria, yet, restricted as they are, have enabled us to run our road creditably, and at an expense incommensurate with the small means invested in them. They show with what small means great results may be accomplished, and how well-directed economy may compass its ends, and do that, which lavish expenditure alone is thought capable of achieving.
   Our road has been worked through its whole extent, has met every demand upon it, its rolling stock in good and effective working order, and the shops to make the repairs and keep it in that condition, occupies a space and employs a force that exceeds but little that which is to be found in a village blacksmith shop.
   This, in a great measure, is due to the adoption, at an early period of the war, of a system of slower speed in the passenger and transportation line, by which engines and cars are preserved in good working order, the wear greatly diminished, and the rolling stock and road saved from the wear and abrasion, the inevitable consequence of more rapid movements. The rate of speed being much reduced, we are more than paid for the loss of time in the preservation of our valuable property, which, in its stock, has received no additions for the last two years.
   Besides this advantage, it has secured a safety of life and property, when the travel has been most heavy, not equaled by any other road known to your committee.
  The books and records of the company were examined, and compared vouchers with receipts, as far as time permitted. The system adopted, and lately much improved, in the departments, appears to surround the receipts and disbursements with all necessary checks.
   The disbursements are made under judicious restrictions; the earnings of the road are carefully classified and entered, both for the whole road and each station, and attested by vouchers with which the respective entries seem to have been carefully compared by a committee of the Directory. The records, though voluminous, are of easy reference, and the officers prompt to furnish every explanation desired.
   The receipts of the road show a considerable increase over those of last year, and are gratifying both in that fact, and in their actual amount. The gross revenue of the present year, is $747,247.12; total expenses, $220,713.14; net revenue, $526,533.98. For further particulars upon the finances of the road, and its practical management, we beg leave to refer to the President's Report and accompanying documents, and that of the Chief Engineer and General Superintendent. All of which is respectfully submitted.
D. F. Slaughter
John A. Porter
Thos. T. Hill, Committee

Home