| From the Western Democrat (Charlotte,
N.C.) |
| |
| March 24, 1863 |
| |
| Charlotte & S. C. Railroad |
| The report of the President
congratulating 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 ratio. |
| The
tabular statements show the receipt for the past year to have been
$641,520.76, and the expenses $189,334.21, leaving a nett income of
$452,186.55, on a capital stock of about $1,500,000. 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 interruption of communication by the routes via
Wilmington and Lynchburg. The early completion of the Atlantic,
Tennessee and Ohio Railroad to Statesville, and the assurance that the
Greensboro and Danville connection {the
Piedmont RR} 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. |
|