Annual reports of the president and directors and the chief engineer and superintendent of the Wilmington & Weldon R.R. Co., with the proceedings of the general meeting of stockholders

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ANNUAL REPORTS
OF THE
PRESIDENT AND DIRECTORS,
AND THE
CHIEF ENGINEER AND SUPERINTENDENT
OF THE
OiV^*i
on ^ Mtlhn 1. 1. €&,,
WITH THE
Proceedings of the General Meeting of Stockl^olders.
DECE3i/EBEia 14TI3:, 1862.
WILMINGTON, N. C:
VULTON »f PftlCE, STSAM VOWSR PRESS PBINXIBS.
1862.
OFFICERS FOR 1862-'63.
ADMINISTRATIVE OFFICERS.
PRESIDENT :
S. D. WALLACE.
KOARDOFOIRECTOHS:
ON THE PARt OF INDIVIDUAL STOCKHOLDERS:
P. K. Dickinson^
A. J. DbRosset,
J. D. Bellamy,
E. P. Hall,
E. Kidder,
B. Flanner,
R. R. Bridgers.
ON THE PART OF THE STATE:
Wm. A. Wright, W. W. Brickle, G-. W. COLLIER.
L. H. DeRosset, Secretary.
EXECUTIVE OFFICERS :
S. L. Fremont, Chief Engineer and SujperinfendenU
J. W. Thompson, Treasurer.
Wm. Smith, Agent of Transportation.
W. J. Yopp, Freight Agent.
A. J. Galloway, Ticket Agent.
John Campbell, Agent at Weldo7i.
J. Howell, Agent at Goldshoro',
F. F. McMillan-, Master of Machinery,
John H. Wright, Master Carpenter.
John Gronb, Master of Road Mejoairs.
LIST OF STOCKHOLDERS in the W. & ¥. E. E. CO.
NAMES AND RESIDENCE
Shares.
AdminiBtrator A Lazarus, Wilming-ton
1
Andres, Sophia, Westbrooks 12
Armstrorg. T -T. Wilmington 30
Allf'D, Wary. Wilmington 3
Anderson & Goodrich, Norfolk, Va .
.
2
Ashe. AnnaL. Chapel Hill, 9.2
Ashe, W 8, Wilmington 20
Aaron, Henry, Halifax 1
Anderson, Alex E^t., Wilmington... 60
Albea, FugeLii, Olir 8
Anstin, K. H 2
Arringtnn HH I
Avent, T W 1
Anstin, Norfleet & Co, Tarboro' 20
Bradley, Bichard, Wilmirgfon 33
Brickie, WW, HaH'tix 4
Branch, 8 W, Halifnx 2
Bradley, El'zi C, Wilmington 1
Bater, 8 A, Wilmington 6
Bunting, Jalia A. EveiittEviUe 2
Bond, H F. Bf.leigh 5
Brown, John P. New York 25
Bryan, H B, Tarboro' 20
Baker, D B, Wilmincton 1
Bellamy, J r>, Wilmington fil
Blossom. B & °on, New York 10
Beatty, W H. Fnyetteville 10
Bridfecrs, R B, Tarboro' 66
Bigge, J J.Baleigh 5
Batle, W B, R< cky Moont 50
Batts, Margaret. Joyn^^i's 1
B'-adley, J A, Trustee for C E Eels,
WilmiDRton 5
Bradley, C W, Trustee for L A Jewett,
Wilmington 64
Braswell, A, Tarboro' 5
Borden, M A, Gold^boro' 5
Becton, J E Goldsboro' 2i
Bryan, P A E. Tarboro' 2
Bettencourt, W C, Wilmington 21
Barlow. T). Tarboro' 35
Bakpr, W a, Tarboro' 44
Barnes, Jacob 8, Wilson 2
Bradley, Willifi, Tarboro' 8
Barnes Wi'liam, Wilson 3
Bnllcck, J K, Tarboro' 16
Bizzpl!, C W, Goldsboro'. 1
Baher, D G 1
Battle, T W, Pocky Mount 40
Battle, W H, ^hapel Hi'l 2K
Battle, Mary P. Chapel Hill 6
Bodde. EC, Nashdlle 6
Bryan, Joseph 3
Bilisoly, J A , Portsmouth. Va 3
Bii'soiy. A, Poitsmi uth, Va 3
Buff, Harry I
Bain, Thomas A 1
B 11, H 1
Blow, (Jeorge 12
Bonrke. Toseph, Norfo'k 1
Bryan, Elia=>, Tarboro' 20
Bellamj, J T, Halifax 18
NAMES AND BKSIDBNCB.
Bhares.
Barfield, John, Faison's 6
Bynum, Turner, Wilson 10
Brown, Mary A 1
Barnes, Bnrket , \
Bullock, D W, Tarboro' 20
Bond, James 5
Brogden, Nattan, Goldsboro' 3
Battle,? B 25
Brown, Margaret 8
BaTn«e, Edwin, Stantonsbury 2
Beavans, John, Halifax g
Batchelor, h W, Halifax 3
Braswell. W T, Tarboro' 5
Baker, W 8, Trustee 2
Baker, John, Wilmington 2
Baker, Jesse , 2
Baker, Elony. Wilmingtcn 5
Bowden. Daniel, Bear Swamp 1
Battle, Kemp P, Raleigh 30
Brown, R P, Wilmington 3
Bridgers, J L, Tarboro' 61
Bronghton, LB 1
Bryan, Josiah 1
Bowden, W N, Wilmiogton 1
Betts, Mary. do ,.... 1
Birgwin, H W, do 3
Baits, Isaac F, Joyner's 2
Batts, D B, do 2
Batts, EL, do I
Bi»gs. K * Co, Petersburg 10
Biiia & Co 5
Brown, Gray L 2
Branch, 8 G & Bro, Petersburg 1
Bochover, BT 2
Baker, J H, Tarboro' 37
Bryai, Gray, do 5
Bryan, E M, do 6
Bat'le.JL, do 20
Bauman, J G, Wi'mington 1
Cowan, Thomas, Wilmington 20
Crowell, T M, Halifax , .
.
S
Cla'k, H T, Tarboro' 34
Cocke, C L, Portsmouth 1
Cooke, Mordecai, Norfolk 2
Cassidy, James, Wilmington 85
Croome, Lote, Ro Washington 5
Chamoerlain, R H, Norfolk 8
Cooper, B 1
Cromartie, Ann, Gravelly Hill 4
Cromartie, Peter, do 20
Cromartie, W K, do 3
Cromartie, W J, do 7
Cox, Micajih, Speights Bridge 10
("ox. Banders, do 2
Carr, James, Eenansville , . .
.
6
Cocke, John Portsmouth 6
Cherry, LR Tarboro' 10
Parawav, Wm, Goldsboro'.... 10
Crook, Wm 10
Collier, G W, Goldsboro' 20
Cobb, W D, do 21
Oobb, JobuP, do 8
Cobb, N B, do
LIST OF stockholders-Continued.
NAMES AND KESIDENCE.
LIST OF STOCKHOLDERS—Continued.
KAUE8 AMD BESISEKCE.
Bhares
Harrise, N T,' WilmiDgton 3
Hwriss, A C, Enfield 2
HarriiB, RJ, do 14
HarriiBon, Scott & Go, Peteisbarg.
.
1
Hart, W S, Tarboro' 3
Hart, A, do /. 8
Hart, B T, do 3
Hart, Ellen, do ; 2
Hart, a L, do IS
Hatch, J R, Goldsboro' 2
Hathaway & Co, WilmingtoD 5
Hathaway, Beteey, do 6
Haywood, Jane F, Ealeigh 21
Hedrick <fe Ryan, Wilmington. 1
Bisl, F J, Est, do 80
Hill, Eliza R, do 8
Hill, F J, Jr, do 29
Hill, RB. do 13
Hill, William, do U
Hill, William. Guardiin to Blizi Hill. 12
Hill, C D, Warsaw 25
Hill, WE, do 26
Hill, B L, GoldBboro' 1
Hicks, S B, Tarboro' I
Hicks, J H, Faison's 24
HickB, A R, do 10
HintoD, D 5
Hioes RicDard, Est 10
Hines, Joel, Long Creek 1
Hodges, HH 1
Hodges & Biker, Petersburg 6
Hollowel), T T, GoldBboro' 1
Hollowell, Thomas, Dudley 5
HoUoman, Elizabeth do .S
Hood, Briton, do 3
Hood, Catharine, do 4
Hood, J R, do 3
Hooker, Jojia, Eillaboro' 8
Hooker, O, do 9
Hooker, Eoscoe do 8
Hooks, Ann M, Goldsboro' 5
HoekiDs, B L, Est, Battleboro' 5
Home, jL 1
Howell, Brectain, Tarboro 5
Howard. DC 1
Howard, HN 6
Hoskins & Bowditch, Tarboro' 5
Howard, George, Wilson 26
Hoggins, Thomas, Fst, Wilmington.
.
5
Hnnter, Wm, Guardian to J C Bella-my,
Halifax 18
Hnnter, B, Halifax 36
Hnnter, Wm, do 19
Hnnter, M H. do 13
Hunter, H L B, do 1
Hoggins, Jesse A » ;.. 1
Hnrdle, B, Smithfield ; .i , ., .
.
2
EnBsey, J B, Kenaneville. ...... .'. ..
.
10
Hyman, T C, Tarboro' 3
Hyatt, McBurney & Co, Charleeton.
.
10
James, Isaac, Ringwood 1
Jenkins, Joab, Tarboro'.......jjv<. 1
Jenkins, 8 P, do ...'...;..... 6
NAHEB AND RESinXKCE.
Shares.
Jenkins, C H, Tarboro' 1
Jenkins, J F, do 16
Jenkins, J D, do 6
Jenkins, F H, do 4
Jewett, R B, WHmington 1
Jewett, Stephen, do 32
Johnston, J W, Tarboro' 1
Johnston, B, Ringwood 9
Johnston, R W, Est, Wilmington 40
Johnson, W H, 10
Jonts, Willie W, Tarboro' 1
Jones, Maria, Littleton Depot 6
Jones, Frances, do 9
Jones, M H, do 1
Jones, Calvin, Tarboro' 5
Jones, J W, do 1
Jones, M G, do 6
Joyner, Moses, do 2
Jo))ner, Henry, do 1
Joyner, G L, do 1
Jones, W A, do I
Kelly, E V, Wilmington 3
Kennedy, Thomas, Goldsboro' 15
Kerr, James, Harrell's Store. ... 6
KinneaT, T J, KenansTiHe 2
Killebrew, C B. Tarboro' 6
Killebrew, G W, do 1
King, CofiBeld do 8
Kirby, W T, Clinton 9
Knight, B T, Tarboro' 5
Knight, J C, do 5
Knight, John, do 6
Knight, BE, do J
Knight, P E, do 2
Kornegay, Daniel, Mount Olive 15
Lancaster, Robert I
Lamb, AM 5
Lamb, WW 12
Land, J J 1
Lane, Levin, Wilmington 49
Lane, W K, Goldsboro' 20
Lane, W K & and J K Green, Admin-istrators
of J A Green, Goldsooro' 8
Langdon, WA, Wilmington 5
Langdon, P H, do 10
Ladies Benevolent Society, Wilming-ton
12
Lawiance, J H, Tarboro' 1
Lawrance, TD, do 4
Lawrance, Josiah, do 9
Lawrance, B L, do 1
Lawrance, W J, do 1
Lawrance, John do 5
Lawton, Matthew, WilmingtOB 10
Lawton, Joseph, ds 6
Lattimer, Z, do 45
Lazarus, Julia, Raleigh; 39
LazaroB, Maria C, Charlestoa 32
Lazarus, Qershon, do 32
La zarus, Rachel A, do 32
Lazarus, Ellen, Raleigh 32
Lewis, Lucy S, Tarboro'. . . .-. .- i,;!.»i 1
Lewis, J W, do uv" 10
LIST OF STOCKHOLDERS—Continued.
MAUES AMD BISIDENCS.
Bharea.
Lewis, K H, Tarboro' 35
Lewis W F, do 30
London. M, Wilmington 1
Long, N M, Weldon 1
Long, W8, Tarboro' 2
Long, J 8, do 3
Lord, W C, EBt, WilmiDgton 10
Lord, Hayne, New York 1
Lfgget, J R. Tavboro' 1
Love, J D, Wilmington 2
Love, Edward Florida 10
Lyon, B T, Tdrboro' 4
Lyon. J L. do 10
Manly, J R. Faiaon's 1
Manor, T L, Ba'tlsboro' 5
Martin, R A , Petersburg 4
Martin, Alfred, Wilmington 15
Marks, WH&Co, do 2
Martindale, Earry, dj 10
Marble, Joseph, do 10
MarEhall.F 8 1
Mayo, Thomas, Tai-boro' 5
McOaleb. A B, Wilmington 4
McDowell, T D. Elizabethtown 10
McDowell, J A, do 5
McDowell, Mary 1, do 2
McDowel), Margaret, do 2
McDowell, PP. do 3
McDaniel, Davi ', Tarboro' 1
Mclver, Alexander, Carthage 10
Mclver, Evander, do 15
Mcllwaine, Son & Co, Petersburg 10
McKinnie, Barbara, Goldsboro 5
McMillan, J I, EHz ibethtown 10
McNair, Hugh, T-^rboro' 5
McRae, Colin, RnckSsh,... 5
McRae, Donald, Wilmington 7
Mcflae, J C. do . 20
MoRae, Alexander, do 35
McRae, Hemy, d> 1
McRae, John, do 70
McRae, Margaret E, do 10
McRae, Walter H, do 10
MoRae, Donald, Trustee, Wilmington 36
McRary, W H, do . 5
McRackio. R M, Whiteville 87J
Mercer, T N, Tarboro' 1
Mercer, John, do 10
Mercer, WF, do 1
Mercer, D V, Sparta 1
Mercer, J R, do 1
Meares, Catharine G, Wilmington. .
.
65
Mearea, Gaston, do ... 5
Meares, W B, do ... 5
Miller, C B, do ... 54
Middleton, Jeremiah H, Warsaw 2
MiddletoB, B M, do .... 2
Moore, B F, Raleigh 40
Moore Jllen T, Raleigh 1
Moore, Alfred L, Moore'a Creek 1
Moore, James P, do 7
Moore, George J, do 1
Moore, W Y, Wilson 12
Moore, Thomas B, Tarboro'. 1
MAllES AND BESIDBNCE.
Shares.
Mayo, B Tarboro' 4
Mildleton, T J 1
Morgan Arthur 20
Murpbv, Patrick, Taylor's Bridge. .
.
40
Morphy, Jossph S, Wilmingt-^n 21
Murphy, N H, Moore's Creek 3
Murphy, CW, do 2
Murphy, H F, Teacbey's 4
Murphy, J H, Long Creek 2
Mjers, Myer, Norfolk 5
Myers George, Wilmington 20
Neale, C E. TaiT)oro' 2
Neville, E K, Halifax 1
Neville, Jesse P, Tarboro' 6
J^'ix^n, N N, Wilmington 88
rforfl^et, John, Tarboro H
Norfleet, Robert, do 90
Notflaet, Thomas, dj 5
Natt, Henry, Wilmington 50
Oatfs, J A, Faiasn's 1
Gate?, J O, Bparta i
Oberry, Thomas, Tirboro 1
I
OuHby, WC, Halifax 2
I
Oasby, J L, do , 2!^
' Ouaby, Kate F, do *
I Owen, James, Wilmington \0>
! Owen, Thomas R, do !*
Parker, J W 8-
' Parker, W W, Rocky Mount 4
Parsley, O G, Wilmington 70
Pearsall, Jeremi^^h, Guwdian 2
Pearsall. R J, Kenansville 2
Person, W M, Halifax S.
Pender, Mary, Tarboro' 1
Pender, A'argaret, do 1
Pender, J J B, do 2;
Pender, David, dD ^
Pender, R H. dl 5
Pierce, R B. Halifax 1
Pierce, W W, Raleigh 2^
Perry, Abner J 1
Petteway, Mark H &
Petteway, W D, Tarboro' &
Phillips, J J, do 20-
Picket, Hosea. Wilmington 5
Pippin, W M, Tarboro' 6
Pippin, F A,
Pippin, J H,
Pippin, J L,
Pippin, J W.
Pittman, N J,
Pittman, W D,
Pittman, R G,
do
do
do
do
do
do
do
Pittman , Beverly, Tarboro' 4
Pitt, BP, cio 11
Pitt. Joab P, do 16
Pitt, Mopes, do 1
Plummer, H L, Petersburg 3
Plnmmer, SA, do 2
Penton, M L, Halifax '. 3
Pope, WE, do . 1
Pope, Rosa, Goldsboro 2
Pope, Elijah, Rocky Mount 2
Pope, George P, do 2
LIST OF STOCKHOLDERS—Continued.
NAHBS A^D BB8IDENCE.
Shares.
Porter. JJ 7
Potter, Gilbert. Wilmington 784
Powell, Isaac, Whiteville 20
Powell, E P. Tarboro' 1
Powell, J J W, do 130
Powell, George W, do 2
Powell, J W, do 3
Powell, Mary E, do 2
Powell, Jesse C. do 1
Powell, AlpheusH, do 1
Powell, WH, do 1
Pornell, Thomas B, Wilmington 20
Pomell, EA, do 15
Pollen, Boderick 3
Proctor, John, Eocky Mount 1
Prentis, J B, Wilmington 6
Kansom, M W, Weldon ID
Reardon, T B, Norfolk 1
Reardon, H B, do 2
Bedmond, J M, Tarboro' 25
BiobardsoD, Pardie, Wadesboro 5
Bicks, Eobert, Tarboro' 6
Bobinaon. Catharine 10
Boberts.WD, Norfolk 1
Robinson, J M, Tarboro* 2
Bowland &. Eeycolda, Norfolk .7. 6
Banders, Eichard, WJmiDgtoE 15
Savage, B E, Tiu6tce> do 50
Savage, HE, do 10
Savage, E A, Tarboro' 1
Savago, Timothy, Wilmington 6
Savage, L L, Tarboro' 5
Savage, Moees T, do 2
Sessnms, Isaac, do 10
Sharrock, W F, & H B Hardy, Execu-tors,
Tarborf' 4
Bhaw, E F, WaTsaw 3
Sharp, J J. Jcyner's 1
Sharp, WO. do 1
Bhnrley, El'zibfilh, Tarboro' 10
Simmons, Alfred, Halifax 1
Sloan, D, D. Kenansville 4
Sloan, David, Magnolia. . , 6
Speight, J F, Tarboro' ,. 4
Speight, Abner. Speight's Bridge 5
State of North Carolina.. 40D0
Btaton, H L, Tarboro' 10
btaton, Baker do 40
Stancill, Jesse, do 4
Btaton, J B, do . 3
Btanton, O B, Stantonsburg. 1
Stallings, James, Tarboro' 3
Btewart, F J... 1
Smith, Moaes, Tarboro' 5
Smith, James M, do 12
Bmith, Bophia L, do , 6
Smith, Famnel, Goldsbsro' 10
Smith, BylvcBter, Raleigh 6
Smith, E H . 6
Boutherland, David, Kenansville 6
Bwann, John, Wilmington 60
Bontter, Eobert & Son, Norfolk 10
Btriokland, Jonrdan 1
Sugg, B S, Tarboro' 1
NAUES AKD BESIDENCE.
Shares.
Sngg, P S, Tarboro'
8agg,JP, do
Sugg, Lucy, do
Snggi Elizabeth,do
yngg, William, do
Su.'g, PCF, do
Sugg, Annie S, do
Taii*ot, John
Tally, Nicholas, Columbia 9
TaIy,flO, do 5
Tally, WH, do 4
Taws, Lewis, Philadelphia 2
Tajlor, J A, Wilmington 6
Taylor, Tazewell, Norfolk , 12
Taylor, Elijah, Jacksonville 5
Taylor, H A, Goldsboro I
Taylor, BE, do 1
Tannahill, Robert, Petersburg 3
Thorp, J T, Rocky Mount 5
Thigpen, William, Tarboro' 3
Thigpen, W A,
Thigpen, AM,'
Thigpen, James,
Thigpen, Kenneth,
Thigpen, J E,
do
do
do
do
do
Tillery, Thonias, Halifax 6
Thompson, Zadook, Goldsboro' 1
Thompson, Drnry, do 32
Veale, R J, Guardian 8
Vick, J J, Eocky Mount 1
Vick, Margaret, Bocky Mount 1
Vick, J, do I
Walker, H A C, Wilmiogtoo 10
Wallace, 8 D, do 20
Wallace, S D, Trustee, Wilmington.
.
2(3
Walker, 8 E, do ..10
Wanet, A A, do .
20
Ward, A W, Dudley 18
Warren, John 1
Washington, J N, Newbern 23
Washington, J O, K'nston 119J
WdBhington, R, Goldsboro' 120
Washington, J A, Est 10
Washington & Wright, Goldsboro'. .
5
Wattere, 8 P, Wilmington 15
Waddell, Matthew, Tarboro' 5
Wells, Jcel, do 16
Webb, C N, Halifax 1
Wes% J W 8, Goldsboro* 10
Whit4ker, M T, Halifax 1
Whitaber, L H, EDfield 2
Whitaker, BF, do 6
Whtaker, JH, do 2
Whitaker, L H B, do 99
Whitaker, Eobert do 2
WhitHker, Wm. do 2
Whitfield, GW, do 5
Whitfield, N B, Kitston 3
Whined, W N 20
Williams, D, Tarboro' 25
Williams, B P, Georgia. .. ......,..,.,. 33
Williams, W H, Kenansville...^...T.,^. 20
Williams, Orren, Tarboro'. . . ... .
.
'.\ 5
Williams, EG do 6
LIST OF.STOCKHOLDERS—OoxNTiNUED.
NAUES AKD BESIDENCS.
Shares.
William?, R S, Tarboro' 10
Wiawall, Howard do 3
Wilmington & Rfanchester E R Co.
Wilmington 2050
Whitaker, Cary, Enfield 2
Wiggins, Wright, Taiboro' 6
Wimberly,RD do 25
Winstead, Harriss, Joycer's 1
Wooberry, G W 6
Woolen,- Council. Mosely Hall 5
Wooster, John, Wilaiington 31
NAMBS AND RESIDENCE.
Shares.
Woodard, Stephen, Black Creek 5
Worth, T C & B G. Wilmington 1
^oraely, Mayo, Tarboro' 10
Woreely, William do 1
Wright, David, Executor 1
Wright J G, Wilmington 35
Wright, W A do 65
Wright, T H do 108
Wrieht, Rachel do 10
Wright, John, Goldsboro' 8
Total namberof Shares 14 439*
«S-Par valne , $100.
'
PROCEEDINGS
OF TUB
TWENTY-SEVENTH ANNUAL MEETING
OP THE
STOCKHOLDMS OF THE W. & W. RAIL ROAD CO.
The Stockholdhers of the Wilmington and Weldon Rail Road Com-pany,
in pursuance of the Resolution adopted at their last Annual
Meeting, convened at the office of the Company, in the Town of
Wilmington, on Thursday, the 13th day of November, 1862, to hold
their twenty-seventh Annual Meeting, when the following proceed-ings
were had
:
On motion of S. D. Wallace 0. G. Parsley was called to the Chair,
and L. H. DeRosset was appointed Secretaay.
On motion, Mr. T. D. Walker, with the Secretary, were appointed a
Committee to examine proxies and ascertain the number of shares of
stock sepresentcd. This Committee reported that 4,021-^ shares of the
Capital Stock of this Company were duly represented ; 1,341 shares in
person,, and 2,680J in proxy, which not being a majority of said Cap-ital
Stock, it was
Resolved, That this meeting do adjourn to meet on the first Thursday
in December next, at such place as the President may designate, and
that due notice be given of time and place of such meeting, by adver-tisement
in Wilmington Journal, and such other papers as the President
may deem necessary.
Whereupon the meeting adjourned.
L. n. DeROSSET. Secretary.
Rail Road Office, Wilmington, N. C, Vith Noveviler, 1862.
12
COURT HOUSE,
Wilmington, N. C, 4tu, December 1862. j
The adjourned meeting of the Stockholders was c'onvened this 4th
day of December, 1862, in the Court House, in Wilmington, N. 0.,
and at 11, A. M., the Chairman called the meeting to order.
On motion of S. D. Wallace, Mr. P. Murphy and the Secretary
were appointed a Committee to verify and ascertain the amount of stock
represented.
The Committee reported that 11,479 shares of the Capital Stock of
the Company were represented, of which 1,464 were represented in
person, and 10,013 by proxy, which being a majority of said stock, the
meeting was declared duly organized.
The minutes of the previous meeting werd read and approved.
Mr. S. D, Wallace, President of the Company, submitted the Report
of the President and Directors, with its accompanying Reports, all of
which were, on motion, received and laid on the table.
On motion of 0. G. Parsley,
Resolved, That the Report, showing the passage of the persons and
articles transported free during the past year,_ and by whose order they
were transported, in accordance with a resolution adopted by the Stock-holders
in their last Annual Meeting, be read.
Col. S. L. Fremont, Superintendent, proceeded to read the Report,
but while reading it, it was
Resolved, That the further reading of the Report be discontinued,
and that its result be printed in the pamphlet with the other proceed-ings
of this meeting.
On motion of A. J. DeRosset,
Resolved, That a Committee of tliree Stockholders be appointed, to
whom all the Reports which are presented at this meeting be referred,
and that they be requested to report at three o'clock.
Messrs. R, R. Bridgers, T. D. Walker, and E. Kidder were
appointed said Committee.
On motion of A. J. DeRosset,
Resolved, That the meeting do adjourn 'till half-past 2 o'clock.
Half-past 2, P. M.
The meeting met according to adjournment.
The Committee rendered a verbal Report of their actions on the
Reports referred to them, but which, from want of time, had not been
reduced to writing. It was desired that the Committee take further
time, and render a written Report during the afternoom
Mr. 0. G-. Parsley addressed the meeting on the privileges enjoyed
by the Directors, and then submitted the following preamble and
resolution:
Whereas, The privileges heretofore extended to Directors of this
Road was intended as an acknowledgment for valuable time devoted
to, and services rendered by them, in guarding the interests of the
Company, and whereas it operates unequally, therefore, be it
Resolved, That from and after this date, no exclusive privilege of
13
free riding or free transportation shall be granted to any Director, or
any member of the family of a Director, except in case any member of
the Board may be required to pass over the road on business exclusively
belonging to the Corporation ; and that in lieu of the privileges hereby
withdrawn, each Director shall bo allowed per day for each
day he may be in attendance at any meeting of the Board, or engaged
in attending to its interests, by order of the Board.
Mr. R. Bradley called for the vote by shares, when the vote being
taken, the resolution was defeaited by 2,454 votes in favor of it, and
6,653 against it.
On motion, the meeting then proceeded to the election of officers.
Mr. S. D. Wallace was unanimously elected President, and the fol-lowing
Stockholders members of the Board of Directors: Messrs. R. R.
Bridgers, of Edgecombe, B. Flannor, P. K. Dickinson, A. J. DeRos-set,
E. P. Hall, J. D. Bellamy, and E. Kidder, of Wilmington, on the .
part of the individual Stockholders.
Mr. 0. Gr. Parsley, proxy for the State, announced the following, on
behalf of the State: Me^rs. G. W. Collier, of Wayne, W. W.
Brickie, of Halifax, and W. A. Wright of Wilmington.
The Committee on Reports presented the following
:
'
' The Committee to whom was referred the Reports of the Presi-
* dent and Superintendent, have had the same under consideration,
' and ask leave to report, that in their opinion the Board of Directors
' may make such investment of the funds of the Company, for the
' payment of liabilities, as they may consider proper.
'
« That the Board of Directors shall be authorized at their discretion
' to make such reasonable compensation to the salaried officers of the
' Company, who have been in service for the past year, as they may
* consider just ; in no case exceeding twenty-five per cent.
'
' They also recommend that the salary of the President be fixed at
' $3,000, and that of the Treasurer, ^2,200.
"The tariff of freights and fares ought to be revised;^ both the
' expenses and receipts of the Company have been greatly increased
;
* the dividends of the Company have. been large during the present
' year, but would have been much diminished if the Road and Rolling
' Stock had been kept in repair. There will be a large expenditure
' required hereafter for repairs, and it will be necessary to set aside
* funds to meet them ; and that the Road ought to make such revision
' of freights and fares as they may consider necessary for that
' purpose."
(Signed) R, R. BRIDGERS, for C<mmittee.
On motion of R. R. Bridgers,
Resolved, That the salary of President be fixed at three thousand
dollars, and that of the Treasurer at twenty-two hundred dollars, to
take effect on and after the 1st day of December, 1862.
On Motion of R. R. Bridgers,
Resolved, That the Board of Directors be requested to have Ware-houses
built at Wilson's, at Whitaker's, and at Mount Olive, and that
u
ticket offices and passenger houses be built at Wilson's and at Joyner's,
and that the warehouse at the latter place be repaired.
On motion,
Resolved, That the several Annual Reports of the Company, together
with a concise memoir of the same, be prepared and printed, and that
each Stockholder be supplied with a copy, and that one thousand copies
be deposited in the archives of the Company.
On motion of T. D. Walker,
Resolved, That Patrick Murphy, John C. Latta, and John D, Love,
be appointed a Committee to audit the accounts of the Company for
the ensuing year.
On motion.
Resolved, That Messrs Wm. A. Wright, P. Murphy and L. H.
DeRosset be appointed a Committee to prepare the Reports and Pro-ceedings
of this meeting for publication.
On motion of T. D. Walker,
'
Resolved, That the next Annual Meeting of this Company be held iu
the Town of Wilmington, on the first Wednesday after the third Mon-day
in November. 1863, and that the President of the Company is
empowered to change the place of meeting, if it should be impracticable
to hold the meeting at Wilmington.
Thereupon the meeting adjourned.
0. G. PARSLEY, Chairman.
L. IT. DeRosset, Secretary.
PRESIDENT AND DIRECTORS' REPORT.
To the Stockholders of the W. & W. R. R. Co,:
Gentlemen :
—
We submit for your consideration and investigation _
the
Twenty-seventh Annual Report of the President and Direc-tors
:
Since your last convention, among those chosen to manage
the affairs of your institution, we have had to deplore the
death of the President and Treasurer of your Company, and
of two of its Directors, Messrs. Potter and Bettencourt. In
the place of Capt. Potter the Board elected S. D. Wallace a
Director, and subsequently elected him President -pro tern. .
The operations of the Company for the past year have been
eminently successful, as the following exhibit will demonstrate.
RECEIPTS.
From Through Travel $455,845 42
" Way " 178,406 93
" Freight Transportation,. *-.[. .*.. 246,348 43
« Mail " ,.....*.. 24,300 00
" other sources, : ..;;.;.>-:.; 51,447 31
955,348 09
" Transportation on Tarboro' Branch, 10,402 26
Total, $965,750 35
The working expenses for Main
Stem this year have been, |295,693 54
And for Tarboro' Branch, 3,602 59—299,296 13
Remainder,... $666,454 22
The interest and premium on Ex-change
paid this year amounts to 24,229 28
During the current year three div-idends,
viz : numbers 19, 20 and
21 have been declared, the ag- ^« ««..«* >.^
gregate of which amount to . . . .$243,901 50 $268,130 78
Balance, $398,323 U
1f»
We refer you to the Financial Statements for additional
details.
In addition to the dividends made, the Board have declared
another dividend of the profits of 11 per cent, on the Capital
Stock of the Company, which will he payable on the 1st day
of January next. This dividend will appear in the accounts
to he submitted at your next annual assemblage.
Sound policy dictates that a liberal sum should be invested
in good securities as a provision for the payment of interest
due and accruing on our English debt, and for the payment
of the principal as it matures, a small portion of which is now
past due. Both principal and interest on this liability would
have been promptly paid but for the hazard of fowarding ex-change,
one remittance having been made, which as yet is
without acknowledgment. A like policy should provide the
means to keep in good order and condition our Engines, Cars^
and Roadway, which, from constant and heavy service, have
suffered much " wear and tear." We think such reserves
bave been made, and that with the surplus of assetts remain-ing,
the Company will be enabled to maintain its credit and
make such improvements as our necessities may demand.
Without a good road and proper equipment the sharehold-ers
will realize comparatively small profits, while on the con-trary
a road in good condition and well managed will attract
patronage and prove a good investment. With proper dili-gence
and true economy your road may continue in the future,
as in the past, good property, notwithstanding the extreme
difficulty in procuring supplies for the purposes indicated.
—
The fabulous prices which all Rail Road supplies command
"will greatly increase the cost of repairs and transportation the
coming year. To meet this condition of things we should
keep pace, and advance the rates of fare and tariff of freights,
so as to produce proper compensation for service rendered.
We have fortunately thus far been exempt from the incur-sions
and depredations of the enemy. We cannot expect this
good fortune to continue, and should prepare, so far as possi-ble,
for their visitations. To meet such emergencies shops
have been erected at Magnolia of sufficient capacity to accom-modate
our repairs, and machinery to accomplish that purpose
has been supplied and will soon be in operation. It is yery
important that this line of road, affording as it has, prompt
facilities for the transportation of large numbers and amount
of government troops,, munitions and stores, should be pre-served
from falling into the possession of the enemy, as its
destruction would be a serious loss to the Confederacy ;—this
ca:i ..rJy lje;^peoiijplisHed l)y .the rpresence of ^ su^^wsnt laiii-tary
iovoe to repel the enemj, should ]v3 menace or attack uS;,
and '^Q (yjnfidentl}^ believe that onr go^^crnrjersf'-appreciates
the. importance of our .position, aad will amply provide for
our security. -•' '^t-.f'^ .-. .-
Our contract with tiie Post Office Department 'obligat^'s'fe'
to transport over our road, each way, daily, the great mail, at
a compensation of .$24,300 00 per annum, T.liis iservico has
generally been accomplished according to schedule, and in
addition we have transported all the mails ofiVred iis on our
second or accommodation .train, until recently, when the ter-rible
epidemic which prevailed here compelled ns toone train
per day. Our intention is to resume our double daily as soon
as our mechanics, who have been driven by yeillow fever from
their homes, shall return to their avocations —the public will
then, as formerly, be furnished with the mail facilities hereto-fore
enjoyed. The receipts in the months of October and
2^ovember, for the present fiscal year, will no doubt, show a;
great declension, as compared v/ith corresponding months of
the past year, in conseq^uence of the epidemic ".alluded to,—
-
business having been generally suspended. 3Iay Ood in his"
mercy spare us from a like calamity. _
S.^^]J. .vvAiiLAOE,
Prendent pro tern.
18
LIST OF OFFICEKS AND AGENTS
Of the Comjyany, vnth their Salaries, on the Si}th Sepi., 1862.
EXECUTIVE OFFICERS, fir awnom.
8. D. Wallace, President $2,000 W
L. H. DeRoasett, Secretary 1,500 00
ADMINISTRATIVE OFFICERS.
8. L. Fremont, Chief Engineer and Superintendent 3 000 00
J. W. Thompson, Asaistant Treasurer 1,600 OO
W. J. Topp, General Freight Agent 1,800 00
P. McMillan, Master of Machinery 1,200 00
John Crone, Road Master 1,200 00
John A. Wright, Master Carpenter
William Smith, Ticket and Station Agent, Wilmington 1,300 00
A. D. Lore, .Assistant Freight Agent 800 00
STATION AGENTS.
John Campbell, General Agent, Weldon 1,600 00
JoBiah Howell, Station Agent, Goldsboro' 1,100 00
John Jones, Agent, Marlboro'
A. D. McDonald, Agent, Leesbnrg 75 00
G. Boney, Aeent, Daplio Roads 60 00
Thomas W. Vail, Agent. Magnolia 200 OO
J. E. Swinson, Agent, Warsaw 250 00
Daniel Bowden, Agent, Bowdens 50 W^
Lewis T. Hicks, Agent, Faison's ,• 135 0(J
L. Kornegay, Agent Mount Olivd 100 00
David McKinnie, Agent. Dudley 150 00
G. w. Collier, Agent, EverettsTille. . '.Free ridJBg.
W. G.Collier, Agent. Pikeville do
J.J. Scott, Agent, Nahunta 150 00
James Holt, Agent, Black Creek 176 06
A. D. Farmer, Agent, Wilson . 600 00
"W. D. Fanner, Agent, Joyner's 176 00
Josiab Farmer, Agent, Rocky Monnt 600 00
Levi Bryan, Agent, Battleboro' 175 00
A. B. Whitaker, Agent, Enfield 400 00
J. D. Weeks, Agent, Halifax 1T6 CO
W. T. Whittield, Aa?Bistant Agent at Weldon 1,000 00
Thomas Oberry, Agent, Tarboro' 400 00
H. B. Bryan, Agent, Hartaboro' 150 CO
CONDUCTORS.
R. A. Wataon, Passenger Train, Tarboro' Branch 840 00
B. D. Browning, Passenger Train 840 00
A. Alderman, do 840 00
John R. Ivey, do 840 00
B.T.Love, do 840 00
Robert Blan»^, do 840 00
H.S.Hazell, do : 840 00
C. Johnson, Freight Train 720 00
Asa J. Murray, do 720 00
W. L. Trask, Engineer, Passenger Train....' 85 00
C. R. McQaestJon, do do 86 00'
Robert Driver, do do 85 00
W.E.Mayo, do do 85 00
B. W. Wiliiama, do do 80 00
John Neheimeyar, do do 85 00
C.Botter, do do 80 00
D. P. Savage, do do 76 Oe
Green Solomon, Engineer Torboro' Branch 80 OO
John A. Keys, Eogineer Passenger Train.... 80 00
Daniel McGee, do do 80 OO
McD. Arledge, do do 80 00
James Knight, Engineer and Conductor, Freight Train 110 OO
DiRKCTOB j : P. K. Dickinson, E. p, HsU, A. J. DeRosaet, G. Potter, W. C. Bettea
court, J, D. Bellamy. B, Planner, W, A. Wright, L. H, B, Waitaksr. W. K. Laae.
REPORT OF THE
OH[EK ENGJ.VEER AND SUPERINTENDENT.
A\'ii,MiNG'xo> & Weldon Kail Road Company,
O^ce Chief Engineer and Superintendent,
Wilmington,. N. C, Nov. 7th, 1862,
S, D. WAi-r,ACi:, K^<i , President, pro tern.
Sir :...! have the honor to submit my Eighth Annual Report of tlie
operations of the Road for the fiscal year which terminated on the SOiil
of Soptemhcv, 18G2 :
ItECEIl'TS AND EXPENDITUKES.
The gro.^s earnings and receipts for the fiscal year have oeea aa fol-lows
:
KECEIPTS.
Receipts from Through Passengers, §454,845 42
" Way " 178,406 93
" Freights, 246,848 43
' Mails, 24,300 00
Miscellaneous sourceSj, 51,447 81
Gross receipts for 1862, ^955,348 09
" 1861, 571,236 2€
Increase for 1862, $384,111 85
The receipts from the Tarboro' Branch, not
included in tho foregoing statement, are
as follows
:
Gross receipts, $10,402 26
Expenditures, % 3,602 59
Nett earnings, |6,799 67
The grogs receipts from Main Stem and
Branch, $965.750 35
KXPENDITCKES.
Mainiainancc of Permanent War/.—
Cost of ordinary repairs of track, !ii;53,044 ID
Extraordinary, 'l7,'572 15
Eepairi= of brid-.- '. 5,400 00 $76,016 34
;..KrARTMENT 01' ll^ANSPORTAnOV.
EoUinj Stock.—Cost of repairs of Loco-motiye
Engines and materials on hand
for repairs,, ,^48,010 2o
Cost of repairs of passenger cars and mate-rials
on hand for x'epairs, ...... ...... .;...... 18,406 45
CoBt of repairs of freight cars and materials
on hand for rrpair?, 8,321 15 i|74,743 85
Train Expenses.—Pay of Conductors, En-gineers,
Bago-age Masters, Train Hands
and Firemen ,'^.... ;. $31,160 08
Cost of fuel for Engines and Cars, 19, 374 44
" ^' Oil, Tallow, Grease and Waste, 13,530 55
Miscellane«us expenses of trains, 1,510 13 $65,575 20
Station Expenses.—Cost of repairs of Wood
and Water Stations, Warehouses and
other Station' buiWings, $1,663 40
Cost of Tickets, Ticket Books, Blank Way
Bills, Freight Manifests, &c., 1,010 05
Cost of printing Annual Reports, Time Ta-bles
and Advertising,....,. "^b'O <lO
I'ay of Physi-cian and Nurse for Hospital,
and of Statipu, Agents and Warehouse
hands and costDffppmping water at Sta-tions
: 16,190 23
Mi§eel)|in«=,»5«s expenses of Stations, 100 06 $19,548 74
'•EN'EHAL EXPENSES.
Cost of new Locomotive and Tools for Shops,
includino; new Shops in part at Macuyiia. .^6,750 UO
Cost of new Passenger Cars and Tools lor
Shop and in part new Shop at Magnolia, 2,241 55
Cost of new Freight Cars purchased and
twenty in course of construction, 7,000 00
Cost of Clotli:lii;r, Subsistence and Medical
-Stores, ... 26,773 30 . ,., „
A.yio.,nt carried forward, $42,764 85 $235,879 IS
Amount brougjit forward, ;<<;42,7G4 i>b $235' : i ;
Loss and damage, 2,296 S5'.
Half the cost of'Steam Ferry at WUmington, 2,000 00
Office expenses, 2,201 20
Miscellaneous expenses, 1.202 20
Salaries of Officers, 0.349 81 s,.,^oii41
Total cost of operating the Road $295,693 54
Nett income from Main Stem for tlie vtar .<^659,654 55
Brancli •• ' '
' 6,799 67
Total uett receipts, Si'>P)6.4r;4 22
KXPLANATION OF STATE3IKMS.
It will bo soon by comparing this statement witU the one for 1861,
chat there has been an increase of exj^enses of more than $37,000.
This increase has been in part due to the largely increased operations
in the transportation department, and to the greatly enhanced value of
every article of supply, (as provisions, clothing, oil, grease, iron, labor,
&c.,) used in operating. Yet while the gross receipts have been $965,-
750—the entire expenses have been but $299,295—leaving a net in-come
of $600. 45o—a suin much irreator than the cross roceiT)TS for
1861.
K'-iCIPHENC, KEPAIU SHOPS, Ikc
While we ha\'e performed a very large amount of tiansportatiuu for
the Government and individuals, it has been done with the machinery of
the Company almost entirely. The Government has not supplied the
Eoad with a Car or an Engine from the great number captured, and
with which some of our neighbors in the State have been considerably
aided. The rent of one Engine from the Atlantic & N. C. E. E., for
three months, and one from the Seaboard road for one month, is the sum
of all the assistance this Eoad has received in rolling stock from abroad.
We now recjuire two good Locomotive Engines and at least twenty-five-freight
cars (box) and twenty flat cars. We have twenty box cars
in course of coustructiou, (about half completed,) and we could in a short
time supply the flat cars at our own shops, if w# could obtain the wheels,
axels and springs. I think, however, we shall be able to maintain the
transDortatiou department in efficient condition if v.-c -Mn vd-ocur? the
locomotives we need. Our machinery has suffered muchni the last
sixty days (prior to the date of this report) from our inability to make
any but the most pressingly necessary repairs, for want of mechanical
force, consccpent upon the destructive epidemic that has recently pre-,
vailed here. , .:,',. -
,
"-
We have purchased during the' year thirteen box freight cars from'
other roads, nearly new, which gives us about 100 box cars in fair or-^
der. n-^d ^'- hnvo 2:" flat cars in srood order. We have f^^- -- ^--^ -'-^g.
•70
six tccond class, and .six jnail and baggage cars in fair order. Many of
cur cars require new wbcels and axels. We have ten passenger and
aseven freight Engines in service and undergoing repair, besides six old
Jlngines laid up, but some of them may be repaired or rebuilt.
Our repair shops arc in good order for general repairs, with prompt-ness
and dispatch, vrhenever the present epidemic shall cease and enable
us to again employ a full mechanical force, which I propose to do the
moment it is possible.
KKI'AIKS Of I'KK.MA.XEXT AVAV.
The track has Ijcen maintained in good order so far as safety is con-cerned
during the fiscal year, by the addition of about 500 tons of new
Bails and about 70,000 new cross-ties. With the present condition of
the track and such repairs to the iron as we can make in' our Eail
Hepair Shop, I trust we shall be able to maintain the permanent way m
tafe. if not in tho mosf erovonncal order durinir the curroDt yi^nr.
Of masonry are much needed at many points on the road, and .should
te constructed as soon as the condition of the country will justify
permanent improvements.
liUIDGJOS.
The Bridges are in good order, and with ^uch cuUetant and regular
repairs as we are year by year making, I do not apprehend any new
work of importance in this department of the lioad—unless the public
enemy should unfortunately be able to destroy one or more of our pres-ent
bridges. In anticipation of this possible contingcnc}-, I have, with
the approval of your predecessor, had the necessary lumber sawed and
ether materials got ready for about four hundred feet of Bridge, to be
flsed whenever it may be needed. The cost of this Bridge material is
included in the cost of this year's operations, though none of it has yet
"been used.
;
1»K1'AUJ.MK.\T UK XllANSl'OJlTATlO.N.
I am not able to give the exact mileage for this year, in oonso^uenci-of
the want of clerical assistance to make the daily records, but it may
fce safely estimated by a comparison with that of last year, at not les?
iian 400,000 miles. The number of passengers transported, wa?
317,013 through and J)5,48G icay, who paid in the aggregate
^633,252 35, while the receipts from freight have reached the
tandsome sum of $246,348 43, the mails
^
paying $24,800 00,
making up the gross receipts from the working of this department
J|903,900 78. The great increase in receipts from this department!.?
of course due mostly to the large amount of army transportation that
23
has been clone, iliough at a licav^f wear and tear ><x inacuinery and
road -way.
The nocos.sity for Warebousos and iStatiua Houses at the points
mentioned in liiy List two Annual Eeport><, reinains undiminished.
—
The Station House at Wilson especially claims yonr attention.
TAKHOP.O' 35RANC1I.
This liraucli li;ts Ixn-n iully completed and iu .-uect-ssful operation, for
the past year. The accounts for its construction have been all adjusted
and paid. There still remain a few small claims for land damages that
have been delayed in consequence of the disturbed state of the country and
the absence of'^the Company's Agents, who were charged with the duty
of making a iinal settlement of them. The full statement of the cost of
this Brai^ch and its equipment will be found in the Treasurer's Statement.
The ]5ranch Boad hafe l»oen of ^ ast convenience to the government
and the people during the war, and a source of direct and handsome
profit.
IMtOSPKCTS ASi) WANTS or HUC JIUAI).
it is Jiardlv worth while to indulge in speculation uiiun tl)o future
prospects of this lload. Yourself, the Directors and Stockholders, can
judge as well perhaps a> I can of the immediate and remote j^^obaUe
condition and business of the Road. I ask your attention to the subject
of a liberal fund for repairs and renewals when the present war shall
terminate, or sooner, if it be practicable to make them, and for this pur-pose,
not less than ^100,000 should be set aside this year as a
'• Fcneical Fund.'' Steps should also be immediately taken to supply
at least two good Engines and a large nunilier of wheels and axles to
maintain our rolling stock in running order.
Your lamented predecessor fully concurred M'ith mc iu the necessity
for a large outlay in maintaining and renewing our rolling stock and per-manent
way.
My thanks are due to all cfiicient officers and agents fr.i- rive patriotic
and laborious discharge of duty during the year.
The accompanying tables are referred to for detailed iufnrDi.itirm upon
the si.ibjects stated therein.
Re^pectfullv submitted
.
S. L. FiiEMONT,
CJiie/ Eng. d- Sup'f.
T U.K HOSl'ITAli ^iH^j.KOb
HOSI'ITAJ. 07 TIU! W. & W. li. 11. C ?! 3-'
S. L. Fremo-nt, Esq., Eiig. k Sapt. ^S\ Sc W, 11. 11.,
SiK ; There liavc been admitted into the Eospltal, from Isovouibec
18th, 1861, to October l^t, 1862, 291 patients. The date of entry
and _dIscharo-c k known in 285 eases, in vrhich the aggregate of time
lost in hospital, is 1,827 days, averagiag 6.11 days to each individual.
There -n^as one death resulting from pulmonary consumptipn.
The surgical cases numbered 101, comprising lacerated, incised and
contused wounds, sprain.?, dislocations, varicose veins, piles, hernia,
gutta Serena, inflammation of the cjo, inflammation of the joints, chro-nic
inflammation of bone, erysipelas', boils, ulcers, dcnti^^try, gonorrhcea,
gleet and sj^hilis.
The number of medical cases w?.s 187, including fever and ague,
billious fever, catarrhal fever, rheumatism, dysentary, diarrhoea, colic,
cholera morbus, inflammation of the bowels, inflammation of the sto-mach,^
inflammation of the liver, dyspepsia^ constipation, painters' colic,
jaundice, pulmonary consumption, pneimionia, pleurisy, di'')«:''^-*ti^
mumps, measles, spuncemia, neuralgia and St. Vitus' dance.
In three cases no diagn<^^' -- f-^nn^fd.
Beapectfully submitted
IS-)
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D-r. Siaiemeni of the Jfairs of the Wilmington d JVeldon B. B,
Cost of Real Estate, Construction and Re-coostrnction of Road, Stations,
Warehouses, Bridges and Ferry Boat, $2,855,473 41
" 11 Negro Slaves, 5 12.760 00
Stock of Wilmington & Manchester Rail Head Company,,. . 103,050 00
•' Wilmington & Weldon Rail Road Co. bought, 3,850 00
•' Washington & New Orleans Telegraph Company, 3,150 00—125,300 00
Amount paid on account of cor-strnction of Tarboro' Branch
Rail iload, 165,422 63
" Bills Receivable, 3 479 So
" due from P. 0. Department, United States 12,150 00
" " " " " Confederate States,... 12,92176
" " " Confederate States and State of North
Carolina for servicea rendered, 371.812 18
" due from Bank Cape Fear. Raleigh, 19,34186
" " " R. R Companies and Individuals, 64,219 29
" " •> Agents, 33,350 45—522,305 33
Counterfeit and uncurrent money on Land, 1,38.1 54
Cash in London to pay interest, 4,932 98
Cash in Bank and on band, $88,553 CO
Les8 am't overdrawn for Cash Special, 19.761 S3 68,788 G7 75,103 13
^3 744 106 62
Wilmington, N. C, 30th September, 18'>2.
EXHIBIT,
Dr. Sliowing the Business of the Wilmington d) Weldon Bail
1861.
Sept. 30—Cash on hand and in Baiaks $45 ,624 6C
•' Confederate Bonds on hand, 71.850 00
" Bills Beceivable 3,489 85
" duelroraP. O. Department, United States 12,150 00
" " «' " " Confederate States.
.
6,297 25
" •' " Confederate States and the State of N.
Carolina far services rendered, 57.667 05
'> " '• Agents, 6,69111
'• '> '• Rail Road Companies and Individuals,. 61,283 76
18G2. $2G5,0J7 5*
Sept. 30—Amount received on account of subscnptiou to
Tarboro' Branch this year, 4,370 80
" Am't rec'd from Tarboro' Branch transportation, 10,402 26
'> »* '• " transportation passenccers, mail,
freight, &c., $910,528 07
». " '• '• sales of old iron,... 8,820 02 955,318 00
" • "• sale of stock in Ocean and Cape'
Fear Steam Navigation Co.,. 30,000 00
" " '• " dividendaW. &M.R. R. Co.,... 14,316 75
«' »« " " Sinking Fund, 450 00
" " " " sale of 16 N. C. State Bonds—
co.Ht $15,807 05 19,341 88
sale of one Slave, 1,000 00-1,035,259 83
$1 300.317 Jia
Wa.^lI^:';•ro^^ I\. C, J'Otu Sept., ISiV:
29
Co., from the commencement of ilce ivorh, to Sept. 30, 1862. Gn
ATOOuat received from Capital Stock $l,340,2<3 21
" Stock issued to Mrs. Laspejie, 2,C00 00-l,3i2,213 21
jimount received frcm Capital Ftock Tarboro' Branch,. . .
.
115,4i73 ii
Mortgage Bonds payable la EDgland, $443,555 56
Sterling " " " issued in 185?, 144 000 00—567,655 56
Bills payable 22.281 84
Unpaid Dividends, 82 042 19
Due on Pay Bolla 9,232 77
14 " Negro Bends, 30,628 03
" sundry individuals and Eail Road Compacifis, 18,055 54—750,395 93
Profit and Loss aoconat, 1 ,530,024 Oi
S3. 744 106 62
L. H. DeKOSSET, Secreta/ry.
, HK'J.J
Road Company^ for the year ending 30i7t SepL 1862. <7r.
1862.
Sept. 30— Paid Current Espenses of Road this year, $203.6?t3 54
" '• " " Tarboro' Branch this year, 3,602 59
" " on ac't Tarboro' Branch construction " " 43,62'^ 17
" " " of Company 'a Debt this year, 88,7 7 23
" " Interest this year 24,229 48
" " Insuracce on Steamer "North Carolina,".. 353 85
'* " for stock in Ocean and Cape Fear Steam Nav.
Company, 4.000 00
" Dividends 19, 20 and 21, declared this year, f 243,901 60
" Counterfeit money taken this year, 2U 00—704,290 36
" Bills Receivable, 3.479 85
•' Amount dae by P. O. Dep't. United States, 12,150 00
" " " " '» •' Confederate States, 12 921 76
'• '• " "Agents, 38 350 45
" " " <' Companies and Individuals, 64,219 29
" " '• " Confed. States and N.Carolina,.. 371,842 18—502,963 53
Cafeb in London to pay interest, 4,932 98
" "Raleigh, 19 34186
•' OD hand and ia Bank, 68,788 67 93,063 61
II 300.317 40
L. H. DbROSSET, Secretary.
REPOPa' OF TFIK ArDIT[N(^ COMMiTTBE.
To the StocMolders of the W. -f W. R. A'. Co.-,
Gentlemen :
—
The undersigned have carefully exauiiaed tlic books of the Treasurer,
Stock Ledger and Transportation Accounts of your Company for the
past year, the entries in all which arc accompanied with properly authen-ticated
vouchers, and are correct, with few exceptions, the errors in
which have been corrected, in accordance with our instructions.
We refer you to the Treasurer's and other statements for particulars
as to receipts and expenditures.
We take pleasure in stating that the books of the Company have beta
remarkably well and neatly kept, and closed up for the year, with heavy
labor, Trhich, owing to sickness and other causes, were in arrears.
KeapectfuUy submitted, Nov. 7th, 1802,
P. MURPHY, ) f, JOHN 0. T.ATTA, \
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