| From the Raleigh Register |
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| February 25, 1863 |
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| Charlotte & S. C. Railroad |
| The report of the President
congratulates the stockholders on the fact that the business of the
road for the past year has been more than double that of any previous
year, that the trains have been run with much regularity, considering
the difficulties of the times and the pressure of business upon them,
and that no serious accident has occurred. The Company has purchased
40 slaves to be used in working the road, and 1,000 bales of cotton,
as a medium of exchange and basis of credit abroad, in order to
procure supplies upon the return of peace. The report alludes to the
fact that while the income of the road has been greater, the
deterioration, wear and tear of the property has been in a
corresponding ration. |
| The tabular statements show
the receipt for the past year to have been $651,520.76, and the
expenses $189,334.21, leaving a nett income of $452,186.55, on a
capital stock of about $1,000,000. This income exceeds that of last
year over $259,000. The operating expenses are 29 per cent. of the
earnings, being 5 per cent. less than last year. |
| This road has had more than
the usual amount of business thrown upon it, owing to the
interruptions of communication by the routes via Wilmington and
Lynchburg. The early completion of the Atlantic, Tennessee & Ohio
Railroad to Statesville, and the assurance that the Greensboro and
Danville connection will be made during the present year, give reason
to rely upon a permanent and increasing business. One more important
link, the Columbia & Hamburg Railroad, is wanting to place this
road upon the principal high way of the country. -- Columbia
Carolinian |
| We learn that at the meeting
of the stockholders of the Company, the old Board of Directors was
re-elected. At a subsequent meeting of the Board, Wm. Johnston, Esq.,
was unanimously re-elected President. |
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