| From the Greensboro (N. C.) Patriot |
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| September 3, 1863 |
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| 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. |
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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.
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| Salisbury Watchman |
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