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LUNC-JM Ja.i;
OP-10915
A.NNU^L REPORTS
I
OF THE
PRESIDENT AND DIRECTORS
AND THE
GENERAL SUPERINTENDENT
OF THE
RAIL ROAD COMPANY,
WITH THE
PROCEEDINGS OF THE &EKERAL MEETING OF STOCKHOLDERS,
ISJovember 19tli, 1878.
WILMINGTON", K C.
:
THE MORNIXG STAR STEAM-POWEK PRESSES.
'"'
1878.
OFFICERS FOR 1878,
Wilmington & WeMon Rail Road Company.
ADMINISTRATIVE DEPARTMENT:
HON. E. R. BPJDGERS,
President.
B. F. NEWCOMER, Esq.,
Yice-Presiden t.
BOARD OF DIRECTORS:
Donald MacRae, W. T. Walters,
George Harriss, B. F. Newcomer,
E. B. Borden, S. M. Shoemaker,
W. II. WiLLARD, A. J. DeRoSSET,
George Howard, T. C. Jenkins.
J. W. THOMPSON, Secretary and Treasurer.
EXECUTIVE DEPARTMENT:
J. F. DIVINE, General Superintendent.
A. POPE, General Freight and Ticket Agent.
JAMES KNIGHT, Master of Transportation.
JOHN BISSET, Master of Machinery.
JOHN BARRY, Road Master.
E. F. CASON, StoreTieeper.
J. R. LATTA, Acting Auditor.
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F^ROCEEDIlSrGS
OF THE
FORTY-THIRD ANNUAL MEETING OF THE STOCKHOLDERS
OF THE
Wilmington & Weldoii Rail Road Company,
Held in "Wilmington, on Tuesday, the 19th day of
November, 1 878.
Wilmington, X. C, Nov. lOtli, ISTS.
The forty-tliird animal meeting of tlie Stockholders of the
Wilmington & Weldon Rail Eoad Company convened at the
office of the President of the Company, in the City of Wil-mington,
at 10 o'clock, A. M.
On motion of Hon, George Howard, Frederick Philips, Esq.,
of Tarhoro, was called to the chair, and J. W. Thompson, of
Wilmington, was appointed Secretary.
Messrs. B. F. Newcomer, of Baltimore, A. Branch, of Wil-son,
and J. W. Thompson were appointed a committee to verify
proxies, and ascertain the nnmber of shares of the capital stock
of the Company represented in the meeting.
After examination the committee reported ll,9S-i shares rep-resented,
viz : 4,364 shares in person and 7,620 by j)roxy.
Thereupon the Chairman declared the meeting duly organized
and ready to proceed to business.
Dr. A. J. DePosset, of Wilmington, then arose, and address-
. c
ing the chair, slid, before t!ie meeting j)r()eeeded witli the
regular order of business he desired to offer the foHowing pre-amble
and resolutions relative to the late "William A. AVright,
and moved that they be adopted as expressing the feeling and
sentiment of the Stockholders of this Company :
Whereas, Since our last annual meeting, William A. Wright,
Esq., has died in the fulness of years, and in the ripeness of a use-ful
and honorable life, and whereas, he was one of the earliest and
most zealous promoters and friends of this company, and from its
organization continuously until his death, a period of more than
forty years, one of its Stockholders and Directors ; and wliereas,
during that long period his earnest, active and efficient counsel,
aid and co-operation were never wanting to our interests, and his
services were so great and varied, that it is tit and proper for us to
embody in the records of our proceedings some memorial of our
remembrance and appreciation ; therefore be it
Resolced^ By the stockholders in general meeting assembled, that
in the death of Mr. Wright we, in common with the people of Wil-mington
and of the State, have to mourn an irreparable loss, lli:^
great legal attainments, clear and accurate judgment, admirable
good sense, and high integrity, made him a safe and sure counsellor
in all emergencies. He had no selfish ends, no indirect or doubt-ful
purposes. Whatever his plans, he went towards them with
manly directness, and accomplished them, if at all, by candid
method. He felt no jealousies and cherished no animosities. No
rough plant could grow in a bosom so attuned to every tenderest
sensibility. His intellect cultured by great and varied reading, his
large experience of life, his rare humor and refined wit, his cordial
sympathies and genial manners, made him the most cherished
guest in every social circle; while his big heart, generous impulses,
unswerving fidelity, and his gentle, amiable, loving and most lova-ble
temper endeared him to his friends in life, and sanctify his
memory in their hearts.
Resolved, That these resolutions be placed upon the records of
the company, and that a copy be sent by the secretary to the family
of the deceased.
Judge Howard, in a few feeling and eloquent remarks,
seconded the motion of Dr. DeRosset, when the resolutions
were unanimously adopted.
rion. \l. R. I*ridgers, President, then read his annual report.
i
which, upon motion of Maj. C, M. Steduian, was received and
adopted.
The reports of the Superintendent, Treasurer and Auditor
were submitted. On motion of W. T. Walters, the reading of
the same was dispensed witli.
Upon motion of S. M. Shoemaker, tlie mpeting proceeded to
the election of President, when Hon. R. H. Bridgers was re-elected
unanimously.
A Board of Directors was next hallotted for, when the fol-lowing
named gentlemen were elected to serve for the ensuing
3-ear, namelj^ : W. T. Walters, B. F. Newcomer, S. M. Shoe-maker
and T. C. Jenkins, from Baltimore, and A. J. DeBosset,
Donald MacBae and George Ilarriss, of Wilmington, Hon.
George Howard, of Tarhoro, E. B. Borden, of Goldsboro, and
W. II. Willard, of Baleigh.
The President here called attention for the consideration of
the Stockholders to the fact that about 8650,000 of the bonded
debt of the Company bearing six per cent, interest would l)e-r-
ome due in London in ISSl.
On motion of Dr. A. J. DeRosset, it was resolved that the
next annual meetino; be held in Wilmington on the Tnesdav
next succeeding the third Monday in November, 1ST9.
Hon. George Howard offered the follow- ino;
:
Resolved, That the Chairman appoint three Stockholders as an
Auditing Committee to audit the books and accounts of the Com-pany
and report to the next annual meeting.
Mr. B. F. Newcomer said he was quite sure that the appoint-ment
of this committee would afford no one as much pleasure as
the Secretary and Treasurer, and other officers whose books
were to be examined, and moved that the resolution be
adopted. The motion being put, tlie I'csolution was adopted
unanimously.
A resolution of thanks was then voted to the Chairman, and
the meeting adjourned.
FRED. nilLIPS, Chainnan.
J. W. Thompson, Secretary.
AViLMixGTox, N. C, Xovcmber lOtli, 1ST8.
To the Stocl'lioldeys of the Wthnuxjion cO Weldon Rail Road
Compart ij:
The President and Direct(>rs submit tlie Fortv-tliird Annual
Report, showing the financial condition of the Company, and
tlie operations of the Road for the fiscal year ending 30th
Septeml3er, 1878. They submit the Reports of the Superin-tendent,
Treasurer, and Auditor, which give details in their
rcspectire departments. From these exhibits it will appear
that the net receipts, as compared with the previous year, have
increased $18,738 20. They have paid $44,978 56 for steej
rail and joints, to replace worn-out chair rail. Had fish-joint
rail been heretofore substituted, the annual requirements for
rail to keep the track in good condition would not be half
that sum ; and whenever these renewals are made and com-pleted,
this saving will be made in operating expenses,
besides saving in labor and wear of machinery. In addibien
to this extraordinary expenditure, $11,290 11 has been '^ex-pended
on the culvert at Quankey Creek, which was built'in-stead
of rclniilding tlie bridge. This structure, with theirs)-
duction of grade at that point (which was the heaviest oii'the
upper end of the Road,) has increased the capacity ofb*h'e
standard freight engine to draw five additional loaded ca'g^itO
AVeldon. .'icqO
10
Daring tli8 jear, 70) tons of steel rail have Leeii put in the
track, and 700 tons more paid for, that was laid during the
previous year. The coming year will require about 1,500 tons,
and the next succeeding year about the same. After that time
tlie track can be maintained at less than half that quantity.
Some stockholders have advocated the suspension of divi-dends
until the chair rail—which is twenty-eight miles—shall
be renewed with new fish-joint rails, while others believe that
small dividends should be made until these renewals are com-pleted.
Believing a large majority of the stockholders to be
in favor of the latter policy, a dividend of 3 per cent, has been
declared on the capital stock of the C'ompany, payable on the
30th of Noyember. It is a subject of congratulation that we
have no floating debt, and they think it should be the policy
of the Company to keep its finances in that condition.
On the 13tli of April last, the "Wilmington, Colunibia & xVu-gusta
Rail Road surrendered the lease of your Road. Soon
thereafter the Pres^ident submitted the following report, yiz:
"Wilmington, N. C, May 3rd, 1878.
'"'To the StoGlcholders of the Wdinington & Weldoii Rail Road
ComjMJiy
:
"The Wilmington, Columbia ifc Augusta Rail Road Com-pany
having failed to comply with the terms of their lease, on
the loth of April, possession was taken, with tlieir consent, of
tlie Wilmington & Weldon Rail Road and its property, for
your Company.
"During the existence of the lease the accounts of the ope-rations
of the two Roads have been kept separate—so perfectly
separate, that the only question for adjustment is for continu-ing
the joint occupancy of the depot and wharf in this City.
"The consolidation of offices and joint working of terminal
expenses have made a large saving for each Company.
"Formerly each had aPresident, Superintendent, Treasurer,
Auditor, Master of Machinery, Master of Transportation, Pas-senger
Agent, General and Local Freight Agents, Telegraph
Operator, and other employees ; under the joint management
11
the two Roads have only one of the above named officers, each
paying a half instead of the entire salary.
'"The following financial statement of the Company is made
hy the Treasurer to the 1st of April
:
Statement of the Financial Condition of iJie Wihnii-tgton <Jc
Weldon Bail Road Comjyany, April iM, 1878.
ASSETS.
Rail Road and appurtenances, including
Cost of Construction, ka .|3,264,398 99
New Equipments 75,890 28—$3,340,289 22
Stock in Wilmington Railway Bridge Co. 10.000 00
Stock in Wilmington k Wel<lon K. R. Co. 3,900 00— 13,900 00
Bills Receivable 960 74
Amount due from Post Office Department 0,753 59
" " Southern Express Co.
.
775 23
" other Companies 18.885 56
•' Individuals 249 78
'• " " Agents in service, 5,099 34
" " " " out of service. 4,878 88
" " " Wilmington Railway
Bridge Co., (Expenditures,)- ". 20,704 76
Amount due from United States 29 08
Cash , 28.283 04— 92,620 00
$3,440,809 22
LIABILITIES.
Capital Stock, 14,562 Shares, par value
$100 each $1,456,200 00
FUXDED DEBT.
6 i)er cent. Sterling Bonds, pavable in
London in 1881, £129,740 @ $5 00 per
pound $648,700 00
7 per cent. Sterling Bonds, pavable in
London in 1886, £44,280 @ $5 00 per
pound ^ 221,400 00
7 per cent. Gold Interest Bonds, payable
in New York in 1896 749,000 00— 1,619,100 00
FLOATIXG DEBT.
Bills Payable—Due Individuals 4.412 00
Due Individuals and other Comi^anies.
.
10,679 58
Due on Pay Rolls 12,591 24
Due on Dividends 4,712 00
Due on Coupon Account 127 56
Due Wilmington Railway Bridge Com-panj',
(Receipts) 4,19161— 36,713 99
Profit and Loss 334,795 23
$3,446,809 22
J. W. THOMPSON, Treasurer.
*This is the amount this Company hai? paid on account of Construction and Kepairs of
the Wihningtou Railway Bridge Company since the commencement of the work.
12
It would liave been ]M'efei'al)le to have made tlie above report
to the 15th of April ; l)ut to have done this would have re-
(juired considerable extra work and a delay until the latter part
of May, twenty days being allowed after the end of the month
for connecting roads to render their accounts. Since the first
of Apiil, the accounts, as heretofore, have been kept entirely
separate, as well as the profits during that period. If desired
another statement can be rendered hereafter to the 1st of May.
"The net earnings, after payment of operating expenses and
interest, have been used in payment of material and labor for
improving the Road and its property, to enable it to meet com-petition,
and to retain its business at competitive points. The
betterment bonds, given as collateral for money advanced to
purchase rails, have been surrendered and cancelled. On the
1st of April there was §28,283.04 in the Treasury to the use
of your Company. The ist of July about S481OOO.00 will be
due for interest ; the net earnings will pay this and leave
something for the purchase of new rails.
"The folloM'ing statement, showing the operations of the six
months of the year which began on the ist day of October,
1877, is submitted :
Statement shoioing the huslne.^s of the Wilmington cO WeJdon
Bail Road Company, from. Odohei' ist, 1877, to April
i.st, 1878. (Six Months.):
Assets at commencement of the year. . $137,884 62
KECEirXS.
From Freight |179,G87 lo
" Passengers 99,2;5;3 00
" United States Mails iJi^oO? 20
Southern Express Company 4,748 7.j
United States '
10(3 19
Parlor Car 2.173 20
Minor Sources. 177 37 099 qo;} 74.
Received for Sale of Land at Tarboro" 500 00
" " " " Burgaw 42 50— 542 50
Received for sale of Old Iron 7 3^9 4S
1445,450 34
13
OPERATING EXPENSES.
r-onducting Ti-ansportatioii $ 37,729 TO
Motive Power ;i7,928 05
Maintenance of Cars 18,969 84
jNIaintenance of Koadway 0:3,21 .5 72
General Expenses 7,2(54 41—165,105 72
Interest Coupons 54,727 43
Current Interest 2,348 73— 57,070 10
Paid on Construction and Property Account . .
.
for Impnn'ements 1,622 59
Account closed by Profit and Loss 19,773 55
Decreased Debt 109,252 32
Assets 92,020 00
$445,450 34
J. W. THOMPSON, Treasurer.
"From this it will appear tliere has been a further shrinkage
-itf business as compared with the previons year ; the loss has
l)een chiefly on local business, because people raise more of
their own supplies and travel less.
"At the last annual meeting of the stockholders a committee
of five stockholders, residing in the State, gentlemen well
known for character and good business habits, were appointed
to examine the Iload and its equipments, and to compare rates
at present with those of former years.
The following is the report of the Committee, except freight
tables. From these it appears that there has been a reduction
in local rates, since 1869, of al)Out 36 per cent. The rates are
about the same as on other Southern roads:
"To the Stockholders of the Wilmington cfc Weldon Rail Road
Company
:
"Tlie undersigned, a committee appointed nnder a resolution
adopted by the Stockholders of the Wilmington & Weldon
Rail Road Company, at their forty-second (42) annual meeting,
' to examine the condition of the road of said Company and its
equipments, and to conq^are the rates both for freight and
passage at present in force with those of former years, when
the management of the affairs of the Company was in the hands
of citizens of this State,' beg leave to submit the following
report :
u
' On the 23^1 of April an iuspL^ction of the roadway and
buildings of the Company, and an examination of its equip-ments
was begun ; and every facility for a thorough inspection
and examination was olTered by the otKcers of the Company.
"We spent two entire days along the line of the said road,
stopping at various places on the route between AVilmington
and Weldon. We were much gratified at finding the road-bed
in what we conceived to be excellent condition, the same pre-senting
the appearance of having been ditched with care, and
ballasted its entire length. The cross ties were sound and the
rails in good condition and well laid; but a portion of them
will require replacement at an early day.
"From examination and statements received from the officials
of the Company, we believe that there are at this time a larger
number of engines, passenger and parlor cars than have ever
heretofore been on the road, and that the equipments generally
are in a much better condition than they have ever been.
"We were furnished a statement by Capt. John F. Divine,
Superintendent, showing the quantity of iron and steel rails
purchased fi^om the year 1866 to the year 1877, both inclusive,
which statement is herewith filed, marked exhibit A. We were
likewise furnished by him a statement showing the improve-ments
made on said road since the lease, \yhich statement is
herewitli filed, marked exhibit B.
"A new road bed is now nearly completed from the town of
Halifax, across Quankey Creek, which ^yill straighten the road
and shorten the distance about one hundred (100) yards, and
lessen the grade at that place so as to increase the capacity of
each engine, going North, at least four or five loaded cars.
'There is completed over said Creek a stone culvert of heavy
granite masonry, one hundred and thirty-two (132) feet in
length, fonning the base of a road-bed, which is now being
filled in, and which, when completed, will take the place of the
wooden bridge, and will be a permanent and substantial im-provement.
"At Black Creek the warehouse is not in good condition, and
at Magnolia there is none. This Committee begs to suggest
15
the propriety of building a suitable warehouse at this last named
place as soon as the financial condition of the road will admit
of it. All other buildings seem to be in fine order and condi-tion,
and those at Eoekj^ Monnt and Wilson, which are of brick
structure, Avere particularly noticeable for their durability and
convenience.
"We were furnished by Mr. A. Pope, General Freight and
Passenger Agent, tables showing the comparison of rates of
transportation in effect npon the Wilmington & Weldon Rail
Road, during the years 1869 to 1878, both inclusive, and a
statement showing the comparison of rates of transportation in
effect npon the said road ipril ist, 1878, as contrasted with
like rates on other roads in North Carolina, and on the other
leading roads in the Southern States. Likewise, a statement
of reduction of classification on leading articles of freight upon
said road from 1869 to 1878. These tables are respectively
marked A, P>, C, D and E, and are herewith appended as a
part of our report.
" Respectfully submitted,
FRED. PHILIPS,
A. BRANCH,
W]\L A. WRIGHT,
DOInTALD MacRAE,
W. 11. McRARY."
!(}
[Exhibit A.]
WlLMIXGTO^^ & WeLDON KAJL RoAD.—STATEMENT.
Iron and Steel Rails Pwchashed:
Year.
17
" From tliis report it will he seen that the property, during' the
lease, was much iinproved in value, the details of which are
given in the report of J. F. Divine, Superintendent, to the
Committee. Since the 1st of Jannarv, 1872, an annual averao-e
of 1,521 tons of new rail has been put in the track, more than
double the quantity required had the track been in tirst-class
condition at that time. The fact is noted that new rails will be
required at an early day. The road-bed, cross-ties, ditclies,
rolling stock and most of the track is in iirst-class condition.
"In the last annual report Superintendent Divine, a man of
skill and experience, estimated that 1,500 tons of new rail will
be required to keep tlie track in first-class condition. Some
of the old rails last several years, while others, of like appear-ance,
last only a few weeks or months.
" If 1,500 tons were put in the track for two years, after that
time not more than 600 tons a year would be required, which
would give a reduction in roadway and track expenses of about
two per cent, on the Capital Stock of the Company.
" If the Company had the means it would be true economy to
replace the old rails with new, whicli would give a saving in
operating expenses, and increased facilities for doing business.
" About one-half of the receipts are from competitive business,
the success of which depends much on the condition of the
track, especially in the passenger business, since the introduc-tion
of hrst-class ocean steamships to compete for the travel to
Florida and the Coast Cities,
" It is for the Stockholders to decide the policy for the renewal
of the track : Shall dividends be entirely suspended until the
same is put in first-class condition for competitive business? or,
shall small dividends be made and the time of repairs be ex-tended
over a longer period of time, with less efficiency of
track for service and with greater operating expenses ?
"The Board of Directors have consulted with a committee of
resident stockholders, composed of D. MacRae and others, who
agree there is no reason to call a meeting of the Stockholders
before the annual meeting in November.
"If new rail was in the place of the old, the present year's
IS
business would yield from to 7 per cent, dividend on tlie
capital stock, notwithstanding the decrease of receipts as com-pared
with the preceding year.
"R. R. BRIDGERS,
^'Presidenty
At the last annual meeting, a committee, consisting of Messrs.
Fred. Phillips, A. Branch, W. A. Wright, Donald MacEae and
W. II. McRarj, was appointed to examine into the Road and
its financial condition, all of which, except Freight Tables, is
set forth in the Report of 3d of May, and a copy containing the
Freight Tables is herewith filed.
The Road runs through an agricultural countrj^ and its
receipts sympathize very much with the prosperity or depression
of that business. "While it is hoped that the bottom of the
financial depression has been reached, the future alone can tell,
but unless worse than heretofore, small dividends can be made
and the renewals of rail completed within the next two years.
Respectfully Submitted.
R. R. BRIDGERS,
President.
CO
WiLMIXGTOX AND WeLDOX E,AIL KoAD CoMPANY,
General Suj)erintenden��s Office^
AViLMIXGTOX, X. C, Xov. 19tli, ISTS.
llox. R. Ft. Beidgers, President Wilmington & Weldon R. B.
Sir—I have the honor to submit my seventh annual state-ment
of the operations of this Companv for the fiscal year end-ing
September 30th, 18TS :
EECEIPTS AXU EXPENDITURES.
RECEIPTS.
From through passengers $ 89,715 73
" local passengers 81,993 00—171,708 72
through freight 117,810 73
local freight 156,675 46— 274,486 19
express
U. S. mails
government transportation
.
parlor cars . : :
minor sources
Total receipts
EXPEXDITURES.
By conducting transportation 71,009 02
" motive power 72,031 80
" maintenance of cars 37,919 51
" maintenance of roadway 116,614 22
" general expenses 14,596 08
9,119
20
ROADWAY DEPARTMENT.
During the past year we have made considerable permanent
improvements in this department, important among which is
the completion of tlie stone culvert at Quankey Creek, near
Halifax. This culvert, one of the largest in this section of the
State, is built in the best and most permanent manner. An
accurate account of the cost of this work has been kept, and
amomits to $20,104 54. Of this the sum of $11,290 11 ap-pears
in the operating expenses of tlie fiscal year ; the balance,
$8,874 43 was paid during the year ending Sept. 30th, 1877.
The building of this culvert (as I stated in my last annual re-port)
made it necessary to change the line of road a short dis-tance
west of the old line. By tliis change we have been en-abled
to reduce the grade at that point, and our freight loco-motives
now pull their entire trains over that portion of the
road without being compelled to double same as in former years.
We have also erected at Halifax a neat and substantial frame
warehouse.
On account of the large amount of filling at Quankey Cul-vert,
done l)y our material train, very little work has been
performed in the way. of ballasting the track. This filling is
now about completed, and the ballasting will be resumed at
an early day.
During the year we have put in the track 700 tons of steel
rail, making in all 2,209 tons of steel rail now in use. In con-nection
with this rail the best and mo.st improved fish-plates
and other fastenings were used.
There is a considerable quantity of old rail in the track,
which is fast wearing away under the heavy and fast trains we
are compelled to run ; and I respectfully recommend the pur-chase
of at least 1,500 tons of steel rail each year for the next
two years. This, I am sure, will not be more than sufficient to
keep the track in good order.
We are now making arrangements for the erection of the
much needed warehouse at Magnolia. It will be built of brick,
and when completed (and with some slight repairs of buildings
at other points) the expense of warehouse repairs will cease f\)r
several years to come.
21
Our wharf at Wilmington is being gradually filled in with
l)allast from vessels, and at no expense to the Company.
We have purchased 60,305 cross ties and 172,704 feet of
trestle timber. The amount of timber purchased is being
gradually diminished by the filling in of many of the small
trestles along the line of road.
MAClimERY DEPARTMENT.
We have 29 locomotives—25 in service and in good order;
2 laid up awaiting repairs ; 1 condemned, and 1 being rebuilt
in our shops. For use of locomotives we have purchased
13,335 cords of wood.
I most respectfully recj[uest that you authorize the purchase
during the coming year of a new steam hammer for this depart-ment.
The one in use at present is entirely too small for the
service requii-ed of it, and costs at least double to do the work
of a large and more improved one. The kind of hammer that
we require will cost abont S2,(i00, and the saving in labor and
fuel wnll soon pay for the same.
Repairs and renewals, such as keeping the locomotives and
cars up to the proper standard, have been fully maintained.
Below please find statement of locomotive performances, as
furnished by Master Machinists, and passenger and freight
equipment, as per Master Car-Builder's Report :
PEIJFORMAXCE OF LOCOMOTIVES.
Miles run by Passenger engines 229,197
" " Freight " 177,080
" " Gravel " 3,293
" " Constructing" 15,740
" '' Switching " , 32,251
Total miles run 457,560
Cost per mile for repairs in cents 2.09
" Fuel " 0.51
" Stores " a.31
" '' E. F. and Wipers in cents 4.81
" " all other expenses 1.81
Total cost per mile run in cents 12.53
22
PASSENGER EQUIPMENT.
First-class passenger coaches 11
Second-class passenger coaches , 8
Mail, baggage and express cars 3
Mail and baggage cars 2
Express Cars 4
Paymaster's cars 1
Postal cars 1
Parlor cars ;}
Total 33
FREIGHT EQUIPMENT.
Box Cars 221
Phitform cars 12!)
Gravel Cars 20
Total 370
TRAXSPOPvTATIO]^ DEPARTMENT.
The passenger business of this department shows an increase
over the previous year's business of $10,847 66, while the
freights show a falling off of $66,957 20 ; of this amount tliere
is a decrease of $58,101 38 in receipts from througli freight
traffic.
No doubt a large per centage of this decrease is the result
(»f the washing away of the Seaboard & Roanoke Rail Road
bridge last December, This break in our through business
forced a large quantity of freight through other channels, whicli
would have passed over our line had the accident not occurred.
I am glad to report an increase of $2,319 12 in our receipts
from the transportation of express freight.
Our trains ran with their usual regularity and freedom from
accidents during the year.
The heads of the various departments, and the employees
of the same, I take pleasure in saying, have manifested a dis-position
to look after the Company's affairs that is deserving
of the greatest praise.
Respectfully submitted,
JOHN F. DIVINE,
General Suj^t.
24
Statement of the Financial Condition of the Wllm/ingion
ASSETS.
Rail Road and Appurtenances, includin":
cost of Con^itruction, &c |3,264,475 03
New Equipments 75,890 23—$3,340, 305 2.5.
Stock in Wilmington & AVeldon Railway, 3,900 00
Stock in Wilmington Railway Bridge Co. 10,000 00— 13,900 OOi
Bills Receivable 9G0 74
Am't due from Post OflBce I>epartn)ent, .
.
6.415 91
" *' "• Southern Express Co.,. 524 0^
" " ''^ other Companies, 20,426 53
" Individuals 123 01
'' ''^ Ag'ts in service,.. $2,466 41
" out of " ..4,647 98— 7,114 39
" Railway Bridge Co., 25,522 40
" " " United States Governm't, 33,98
Cash 27,479 96— 88,000 9.>
$3,442,860 20
Statement Showing the Business of the Wilmijigton cfc MVel-
Assets at commencement of year, $137,884 63
RECEIPTS.
From Freights, $374,486 19
" Passengers, 171,708 73
" United Mails, 28,128 03
" Southern Express Company 9,119 33
" United States Government, 135 49
" ParlorCar, 3,002 81
" Minor Sources, 1,234 79— 487,815 36
" Interest, 25 29
Received for sale of Land, 592 50
Mileage of Cars (balance) 15 07
26,332 84
25
and WelJoii Rail Road Company^ SejMemher jOth, 1878.
LIABILITIES.
Tapital Stock, 14,562 Shares, par value .flOO
each, $1,456,200 00
FUNDED DEBT.
6 per cent. Sterling: Bonds, payable in Lon-don
in 1881, £129,740 @ $5 per pound, . . .$048,700 00
7 per cent. Sterling: Bonds, payable in Lon-don
in 1880, £44,280 @ $5 per pound 221,400 00
7 per cent. Grold Intei'est Bonds, payable in
New York in IS'JO 749,000 00— 1,019,100 00
FLOATING DEBT.
Bills Payable—Due Individuals 0,493 93
Due Individuals and other Companies 20,445 53
Wilmington RaiTy Bridge Co., "Receipts,". 8,574 82
Due on Pay Rolls, 12,083 50
Unpaid Dividends, 4,435 50
Due on Coupons, 98 45— 52,131 73
Profit and Loss 315,434 47
$3,442,800 20
JOHN R. LATTA, Acting Anditor.
don R. R. Co., for the Fiscal Year end'mg Sept. ^oth, 1878,
OPERATING EXPENSES.
Conducting Transportation I 71,009 02
Motive Power 72,031 80
Maintenance of Cars 37,919 51
Maintenance of Roadway 110,614 22
General Expenses 14,596 08— 813,170 63
Current Interest 2,557 69
Interest Coupons 107,538 89— 110,090 58
Paid on Construction and Property Account
for Real Estate and Improvements 1,748 02
Amount of Old Accounts closed to Profit and
Loss 19,881 48
Reduced Floating Debt 93,834 58
Assets at close of the Year 88,000 95
$020,332 84
J. W. THOMPSON, Treasurer.
20
33 lO iC —
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|)f« of |iIminston, Columbia & |u0U8ta
1. 1 1«.,
Wilmington, N. C, January 12tli, 1878.
To the Stockholders of the Wilmington tfc Weldon Bail Road Co.
:
Gentlemen:—Since the lease of your Road to the Wilmington,
Columbia & iugusta E. R. Co., there has been expended on it by the latter
Company, in the way of "betterments" and permanent improvements
of the property more than Two Hundred and Fifty Thousand Dollarsj
over and al)0ve what may properly be termed ordinary working expenses,:
embracing large additions to its real estate, erection of warehouses and
stone culverts, equipment of passenger trains with improved Air Brakes,
substitution of steel for iron rails, increased motive power, &c. ; but
•notwithstanding this greatly improved condition of the Road, such hasj
been the general depression of the business of the country that there has
been a falling off in the gross receipts for the year ending Septembei^
80th, 187T, of $5(3,230.69, as compared with the preceding year, and aj
decrease of $112,833.24 as compared with the year ending September
30th, 1875 ; in consequence of which, and of the large expenditures
al)Ove referred to, and of the recent heavy loss in revenue caused by the
washing away of the Seaboard Rail Road Bridge over the Roanoke Rivei
at Weldon, this Company, the Lessee, finds itself unable to provide the
means, ly the \t^th instant, io pay the usual semi-annual dividend o1^
3| per cent, on your Capital Stock.
j
The Wilmington, Columbia & Augusta Rail Road Company has no
been able, as you are aware, for some time past, to pay the interest on itt
First Mortgage Bonds, and is in no condition, at present, to borrow th(
money to meet the payment of the dividends on your stock, without tht
assent and concurrence of its Bondholders, and in view of the close rela
tions of the two Companies, and the great advantages to both, in th«
way of economy of operating and other expenses, of being under om
administration, it is exceedingly desirable to continue the present rela
tions, and it is proposed to convene a meeting of the Bondholders o'
this Company at as early day as may be practicable, for tlie purpose o
devising the ways and means to meet fully the requirements of th'
Lease, and if successful, we hope to be in a condition, within the nex
ninety days, to meet the payment of the dividend of 3i per cent, oi
your Stock for the six months ending January 15th, 1878.
__„ By order of the Board of Dirrrfni
^PRESIDENT'S REPORT,
TO THK
STOCKHOLDERS
OF THE
itl
|tliliiitii|iton* fUeltwjifi. ii
Mmw sjBB, mw.
Morning Star Steam-Presses, Wilmington, N. C—57
^
Wilmington, N. C, May Srd, 187S.
To the Slockhalders of the Wihnington cfe Weldon Rail Road
Company
:
The Wilmington, Columbia & Augusta Rail Road Company
having failed to comply with the terms of their lease, on the
loth of April, possession was taken, with their consent, of
the Wilmington & Weldon Rail Road and its property, for
your Company.
During the existence of the lease the accounts of the opera-tions
of the two Roads have been kept separate—so perfectly
separate that the only question for adjustment is for continuing
the joint occupancy of the depot and wharf in this City.
The consolidation of offices and joint working of terminal
expenses have made a very large saving for each Company.
Formerly each had a President, Superintendent, Treasurer,
Auditor, Master of Machinery, Master of Transportation, Pas-senger
Agent, General and Local Freight Agents, Telegraph
Operator and other employees ; under the joint management
the two Roads have only one of the above named officers, each
paying a half instead of the entire salary.
The following financial statement of the Company is made
by the Treasurer to the 1st of April
:
4
Statement of the Financial Condition of (lie Wilmington cfc
Weldon Rail Road Company^ April ist, 1878.
ASSETS.
Rail Road and appurtenances, including
Cost of Construction, &c $3,204,398 99
New Equipments, 7.>,S90 23—$3,340,289 23
Stock in Wilmington Railway Bridge Co. 10,000 00
Stock in Wilmington & Weldon R. R. Co. 3,900 00— 13,900 00
Bills Receivable 960 74
Amount due from Post Office Department 0,753 59
" " " Southern Express Co.,. 775 23
" " " other Companies, 18,885 56
" Individuals 249 78
•' " " Agents in service 5,099 34
' out of service,
.
4,878 88
*' " " Wilmington Railwav
Bridge Co., (Expenditures),* *. 20,704 76
Amount due from United States, 29 OS
Cash, 28,283 04— 92,620 00
$3,446,809 22
LIABILITIES.
Capital stock, 14,563 Shares, par value
$100 each, $1,450,200 00
FU2CDED DEBT.
6 per cent. Sterling Bonds, payable in
London in 1881, £129,740 @ $5.00 per
pound $648,700 00
7 per cent. Sterling Bonds, payable in
London in 1886, £44,280 @ $5.00 per
pound, 221,400 00
7 per cent, fxold Interest Bonds, paj'able
in New York in 1896, 749,000 00— 1,019,100 00
FLOATING DEBT.
Bills Payable—Due Individuals 4,412 00
Due Individuals and other Companies, . 10.079 58
Due on Pay Rolls 12.591 24
Due on Dividends 4,712 0(>
Due on Coupon Account, 127 50
Due Wilmington Railway Bridge Com-pany,
(Receipts), 4,19101— 30,713 99
Profit and Loss, 334,795 23
$3,446,809 22
J. W. THOMPSON, Treasurer.
*Tliis is thfi amount this Company has paid on account of Construction and Repairs of the
Wilmington Railway Bridge Company since the commencement of the worlc.
It would luive been preferable to have made the above report
to the 15th of April ; but to have done this wonld have re-quired
considerable extra work and a delay until the latter part
5
of May, twenty days Ijeiiig allo^yed after the end of the month
for connecting roads to render their accounts. Since the first
of April the accounts, as heretofore, haye been kept entirely
separate, as well as the profits during that period. If desired
another statement can l)e rendered hereafter to the 1st of May.
The net earnings, after payment of operating expenses and
interest, haye been used in payment of material and labor for
improying the Road and its property, to enable it to meet com-petition
and to retain its business at competitiye points. The
lietterment bonds, giyen as a collateral for money adyanced. to
purchase rails, have been surrendered and cancelled. On the
1st of April there was $28,283.01: in the Treasury to the use of
your Company. The 1st of July about $48,000.00 will be due
for interest ; the net earnings will pay this and leave something
for the purchase of new rails.
The following statement, showing the operations of the six
months of the year which began on the 1st day of October,
1877, is submitted :
6
Statement showing the Business of the Wilinington cfc Weldon
Hail Road Company^ from October ist, 1877, ^^ Ajyril
1st, 1878. {Six Ifonths.);
Assets at coiuiiiencement of the j'ear $137,884 G2
RECEIPTS.
From Freight $179,687 13
Passengers 90,233 90
" United States Mails 13,507 20
" Southern Express Company, 4,748 75
" United States ". lOG 19
" Parlor Car 2,173 20
" Minor Sources, 177 37— 290,033 74
Received for Sale of Land at Tarboro' 500 00
•' " Burgaw, 42 50— 542 50
Received for sale of Old Iron, 7^380 48
$445,450 34
OPERATING EXPE^fSES.
Conducting Transportation, $37,720 70
Motive Power, 37,928 05
Maintenance of Cars 18,969 84
Maintenance of Roadway, 63,213 72
(ieneral Expenses, 7,264 41—$165,105 72
Interest Coupons, 54,727 43
Current Interest, 2,348 73— 57,076 16
Paid on Construction and Property Account
for Improvements, 1,622 59
Account closed by Profit and Loss, 19,773 55
Decreased Debt, 109,252 32
Assets, 92,620 00
$445,450 34
J. W. THOMPSON, Treasurer.
From this it will appear there has been a further shrinkage
of business as compared with tlie previous year ; the loss has
1)een chiefly on local business, because people raise more of
their own supplies and travel less.
At the last annual meeting of the stockholders a committee
of five stockholders, residing in the State, gentlemen well
known for character and good business habits, were appointed
to examine the road and its equipments, and to compare i-ates
at present with those of former years.
The following is the report of the Committee, except freight
tables. From these it appears that there has been a reduction
ill l(X'al rates, since ISOl), of about 3G per cent. The rates are
al)oiit the same as on other Southern Hoads
:
2^0 ihc StocJchoIders of the Wilmington <j& Weldon Rail Road
Company
:
The undersigned, a committee appointed under a resolution
adopted by the Stockholders of the Wilmington & Weldon
Rail Koad Company, at their forty-second (42) annual meeting,
" to examine the condition of the road of said Company and
its equipments; and to compare the rates both for freight and
passage at present in force with those of former years, when
the management of the affairs of the Company was in the
the hands of citizens of this State," beg leave to submit the
following report
:
On the 23d of April an inspection of the road-way and
l)uildings of the Company, and an examination of its equip-ments,
was begun ; and every facility for a thorough inspection
and examination was offered by the officers of the Company.
AVe spent two entire days along the line of the said road,
sto])ping at various places on the route between Wilmington
and Weldon. AVe were much gratified in finding the road-bed
in what M'e conceived to be excellent condition, the same pre-senting
the appearance of having been ditched with care and
ballasted its entire length. The cross-ties were sound and the
rails in good condition and well laid, but a portion of them
M'ill require replacement at an early day.
From examination and statements received from the officials
of the Company, we believe that there are at this time a larger
number of engines, passenger and parlor cars than have ever
heretofore been on the road, and that the equipments generally
arc in a much better condition than they ever have been.
We were furnished a statement by Capt. John F. Divine,
Superintendent, showing the quantity of iron and steel rails
purchased from the year ISGG to the year 1877, both inclusive,
Avhieh statement is herewith filed, marked exhibit A. We
were likewise furnished by him a statement showing the im-provements
made on said road since the lease, which statement
is herewith filed, marked exhibit B.
8
A new road-bed is now nearly completed from tlie town of
Halifax, across Quankey Creek, which will straighten the road
and shorten the distance about one hundred yards (100 yards\
and lessen the grade at that place so as to increase the capacity
of each engine, going N'orth, at least four or five loaded cars.
There is completed over said Creek, a stone culvert of heavy
granite masonry one hundred and thirty-two feet (132) in
length, forming the base of a road-bed, which is now being
filled in, and which, when completed, will take the place of the
wooden bridge, and will be a permanent and substantial im-provement.
At Black Creek the warehouse is not in good condition, and
at Magnolia there is none. This Committee begs to suggest
the propriety of building a suitable warehouse at this last named
place as soon as the financial condition of the road will admit
of it. All other buildings seem to be in fine order and condi-tion,
and those at Rocky Mount and Wilson, which are of brick
structure, were particularly noticeable for their durability and
convenience.
We were furnished by Mr. A, Pope, General Freight and
Passenger Agent, tables showing the comparison of rates of
transportation in effect upon the Wilmington ifc Weldon Rail
Road during the years 1869 to 1878, both inclusive, and a state-ment
showing the comparison of rates of transportation in
effect upon the said road April 1st, 1878, as contrasted with
like rates on other roads in North Carolina, and on the other
leading roads in the Southern States. Likewise a statement of
reducton of classification on leading articles of freight upon
said road from 18G9 to 1878. These tables are respectively
marked A, B, C, D and E, and are herewith appended as a part
of our report.
Respectfully submitted,
FRED. PHILIPS,
A. BRANCH,
WM. A. WRIGHT,'
DONALD MacRAE,
W. 11. McRARY.
[Exhibit A.]
Wii.MiXGTDN & Weldox Kail Road.— Statemext.
Iron and Steel Rails Purchased.
Yeak.
10
From tin's report it M'ill be seen that the property, during the
lease, was nnicli improved in value, the details of wliieh are
given in the repoi't of J. F. Divine, Superintendent, to the
Committee. Since the 1st of January, 1872, an annual average
of 1,52-1 tons of new rail has heen put in the track, more than
double tlie quantity required had the track been in first-class
condition at that time. The fact is noted that new rails will be
required at an early day. The road-bed, cross-ties, ditches,
rolling stock and most of the track is in first-class condition.
In the last annual report Superintendent Divine, a man of
skill and experience, estimated, from actual count, twenty-nine
miles of old rail, -which has been in use about twenty-five years,
and that 1,500 tons of new rail will be required to keep the
track in first-class condition. Some of the old rails last several
years, while others, of like appearance, last only a few weeks
or months.
Tf 1,500 tons were put in the track for two years, after that
time not more than 600 tons a year would be required, which
would give a reduction in roadway and track expenses of about
two per cent, on the Capital Stock of the Company.
If the Company had the means it would be true economy to
replace the old rails with new, which would give a saving in
operating expenses, and increased facilities for doing business.
About one-half of the receipts are from competitive business,
the success of which depends much on the condition of the
track, especially in the passenger business, since the introduc-tion
of first-class ocean steamships to compete for the travel to
Florida and the Coast Cities.
It is for the Stockholders to decide the policy for the renewal
of the track : Shall dividends be entirely suspended until the
same is put in first-class condition for competitive business ? or,
shall small dividends be made and the time of repairs be ex-tended
over a longer period of time, with less efficiency of
track for service and with greater operating expenses ?
The Board of Directors have consulted with a committee of
II
resident Stockholders, composed of D. MacRae and others, who
agree there is no reason to call a meeting of the Stoekhoklers
before the annual meeting in November.
If new rail was in the place of the old, the present year's
Ijusiness wonld yield from ; to 7 per cent, dividend on the
capital stock, notwithstanding the decrease of receipts as com-pared
with the precediiig year.
R. R. BRIDGERS,
President.
TO THE
STOCKHOLDERS
•l ^r%<.>
iilii ti ii
n nuonyi.m.
mPMIE^ W§TM, iBW.
Morning Star Steam-Presses, Wilmington, N. C.—58
AYiLMiNGTox, N. C, April 25th, 18TS.
To the Stockholders of the Wilmington (& Weldo?i Hail Road
Company
:
The undersigned, a committee appointed under a resohition
adopted by the Stockholders of the ^Yilmington & AVeldon
Rail Road Company, at their forty-second (42) annual meeting,
" to examine the condition of the road of said Company and
its equipments; and to compare the rates both for freight and
passage at present in force with those of former years, when
the management of the affairs of the Company was in the
the hands of citizens of this State," beg leave to submit the
following report
:
On the 23d of April an inspection of the road-way and
l)uildings of the Company, and an examination of its equip-ments,
was begun ; and every facility for a thorough inspection
and examination was offered by the officers of the Company.
We spent two entire days along the line of the said road,
stopping at various places on the route between "Wilmington
and Weldon. We were much gratified in finding the road-bed
in what we conceived to be excellent condition, the same pre-senting
the appearance of having been ditched with care and
ballasted its entire length. The cross-ties were sound and the
rails in good condition and well laid, but a portion of them
M'ill require replacement at an early day.
From examination and statements received from tlie officials
of the Company, we believe that there are at this time a hirger
number of engines, passenger and parlor cars than have tvjr
heretofore been on the road, and that the erpiipments generally
are in a much better condition than they ever have been.
We were furnished a statement by Capt. John F. Divine,
Superintendent, showing the quantity of iron and steel rails
purchased from the year 186G to the year ISTT, both inclusive,
which statement is lierewith filed, marked exhibit A. We
were likewise furnished by him a statement showing the im-provements
made on said road since the lease, which statement
is herewith filed, marked exhibit B.
A new road-bed is now nearly completed from the town of
Halifax, across Quankey Creek, which will straighten the road
and shorten the distance about one hundred yards (100 yards),
and lessen the grade at that place so as to increase the capacity
<»f each engine, going North, at least four or five loaded cars.
There is completed over said Creek, a stone culvert of heavy
granite masonry one hundred and thirty-two feet (132) in
length, forming the base of a road-bed, which is now being-filled
in, and which, when completed, will take the place of the
wooden bridge, and will be a permanent and substantial im-provement.
At Black Creek the warehouse is not in good condition, and
at Magnolia there is none. Thi% Committee begs to suggest
the propriety of building a suitable Avarehouse at this last named
place as soon as the financial condition of the road will admit
of it. All other buildings seem to be in fine order and condi-tion,
and those at Eocky Mount and AVilson, which are of brick
structure, were particularly noticeable for their durability and
convenience.
We were furnished by Mr. A. Pope, General Freight and
Passenger Agent, tables showing the comparison of rates of
transportation in effect upon the Wilmington & Weldon Eail
Road during the years 1869 to 1878, both inclusive, and a state-ment
showing the comparison of .rates of transportation in
effect upon the said road April 1st, 1878, as contrasted with
like rates on other I'oads in North Carolina, and on the other
leading I'oads in the Southern States. Likewise a statement of
reducton of classification on leading articles of freight upon
said road from 1S<19 to 1ST8. These tables are respectively
marked A, B, C, D and E, and are herewith appended as a ]>art
of our report.
Ilespectfully submitted,
FRED. PHILIPS,
A. BRANCH,
WM. A. WRIGHT,
DONALD MacRAE,
^Y. II. McRARY.
[Exhibit A.]
"WlLMIXGTON & "WeLDOX RaIL RoAD.~STATEMENT.
Iron and Steel Rails Purchased.
Year.
[Exhibit B.]
WiLMINGTOX & WeLDON RaIL RoAD.—STATEMENT.
Improvements.
Brick Warehouse at Wilson, Platform and Culverts, $ 5,684 00
" Rocky Mount, 4,500 00
Wood " " Toisnot 2,190 00
" Faison's, 2,190 00
Bridge over Fishing Creek, 13,000 00
Culvert over Quankey Creek, 10,000 00
Ballasting 130 miles Road-bed, 45,500 00
2 Parlor Cars, 12,000 00
5 Postal Cars, 15,000 00
3 Express Cars, 6,000 00
27 Box Cars, 16,200 00
17 Platform Cars 8,500 00
Westinghouse Air Brakes, 4,000 00
Iron Turn-Table and Lathe, 3,301 00
New Boiler Shop, 2,277 00
Steam Pump and Hose, 1 ,128 00
9 Locomotives, 105,000 00
f256,470 00
1 New Locomotive (half finished), 5,000 00
1 New Locomotive Boiler 2,000 00
New Engine Shed in Wilmington, 1.000 00
Filling trestles at Fishing Creek, 1,200 00
Transfer Table, * 300 00
$205,970 00
April loth, 1878. J. F. DIVINE, Superintendent.
[Table A.] Comparison of Rates of Trans
Between
WILMINGTON
AND
First Class
Second Class. ..
Third Class....
Fourth Class. .
.
Fifth Class
Sixth Class
SPECIALS.
K, CASTLE HAYNE.
Per 100. 20
Per 100. IG
Per
Corn and Wheat .
Flour
Bacon ,
Molasses
Lumber
Cotton I
B|
Salt I Sa
Whiskey ,
Fertilizers I TJ
Beef and Pork . . I II
Betvteen
WILMINGTON
AND
First Class
Second Class
Third Class . . .
.
Fourth Class....
Fifth Class
Sixth Class
SPECIALS.
Com and Wheat
Flour
Bacon
Molasses
Lumber
Cotton
Salt
Whiskey
Fertilizers
Beef and Pork..
FOLD OUT
CK CREEK
S-8
[Tab
Bet
WE
First CI
Second
Third C
Tourth
Fifth CI|
Sixth q
SPE(j
Corn ani
Flour. .
I Bacon. ,'
MoJassuj
Lumbeii
Cotton .
I
Salt....:
Whiskei
Fertilizj
Beef an
r FOLD OUT
Bet
WE
First CI
Second '
Third C
Fourth I
Fifth C|
Sixth Cj
SPE(
Com an
Flour..
Bacon .
.
Molassc
Lumber
Cotton.
Salt....
Whiske
Fertilizi
Beef an
FOLD OUT
FOLD OUT
I
ft
i
II
VJ
Siai^mmt sh<yicing the Earnings of the Wilmington ctr Weldon
for Mails, d'C.^from South^'m Krjyrcss Cotnjyani/, Col-
Through Ticket Sak'S by Foreign Boads^for
WILMINGTON.
Month.
I
Frkight.
Through. Local.
; P.VSSKN-I
1
Total. Throuiih. Local.
1877.
I
October 6
Xov'ber
Dec . . .
1S7S.
Jan . . .
Fob . . .
^{arch .
April . .
^[ay . . .
June . .
July...,
Aug ...
I
Sept.. .
1,605 56
1.400 53
864 31;
S76 4S
635 90
961 21!
714 06;
7S0 23
473 IS
1,5-20 55,
1,726 161
2,423 34
4,465 60
6,46S 40
4,255 50
i
2.14S SO
1,010 S4
2,4S2 2S|
1,60S 35
1,007 161
l,r*SS 67
1,5S4 24
1,524 71
1,067 40
6,071 25
7,058 03
4,610 0(>
3,025 37
2,555 74
3,443 40
2,323 31
1,787 30
1,761 85
3,113 70
3,250 ST
4,300 74
550 45 1,325 67
488 76 004 35
486 74 1,681 30
680 30
520 26
882 05
758 17;
581 83
530 51
745 51
780 40
710 80
1,377 56
1,168 20
068 07
1,441 38
007 05
085 53
005 15
060 48
806 01
13,581 411 30,721 22i 44,302 63; 7,743 80 1 13,611 65
Rail Road at eacli Agency ; also Receiptsfrom United States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending Sejptemher ^oth, 1878.
Statement shoiDing the Earnings of the Wilmington (& Weldon
for Mails, (&c.,from Southern Express Company, Col-
Through Tickets Sales hy Foreign Roads, for
Rail lioad at each Agency I also Bece'ipts from. United States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending September 30^A, 1878.
EOSE HILL.
iStatement showing the Earnings of the Wilmington, dc Weldon
for Mails, <&G.,from Southern Express Company, Col-
Through Ticket Sales hy Foreign Roads, for
Rail Road at each Agency ', also Receiptsfrom Zhiited States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending September ^oth, 1878.
GOLDSBOKO'.
Statement showing the Earnings of the Wilmington db Weldon
for Mails, &G.,froin Southern Ejcjtress Company, Col-
Through Tickets Sales hy Foreign Roads, for
Bail Road at each Agency ; also Beceiptsfrom United States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending September T,oth, 187S.
TAEBORO'.
Freight.
918 18
719 79
432 2
988 76
1,075 23
855 41
708 '74
442 82
848 74
377 91
577 63
1,073 76
Through.
Passengek.
Local.
71 60
23 95
84 85
139 00
56 20
150 35
58 05
37 50
77 80
84 14
142 74
138 68
8,519 18 1,064 16
1,042 87
515 65
793 It
894 2(»
649 65
520 30
409 99
583 01
430 30
439 43
526 45
482 96
Total.
Total.
1,114 47
538 90
877 95
1,033 20
705 85
670 65
468 04
620 51
508 10
523 57
669 19
621 64
2,032 65
1.258 69
1,310 16
2,021 96
1,781 08
1,526 06
1,176 78
1,063 33
856 84
901 48
1,246 82
1,695 40
7,287 911 8,352 07 16,871 25
WHITAKER'S.
Freight.
10
Statement showing the Earnings of the Wilnilngton eft Weldon
for Mails, i&G.,from Southern Express Company, Col-
Through Ticket Sales hy Foreign Roads, for
Month.
1877.
October
Nov'ber
Dec . . .
1878.
Jan . . .
Feb . . .
Mai-cb .
April .
May . . .
June . .
July . . .
Aug . .
.
Sept . . .
HALIFAX.
Freis:lit.
221 77
178 64
328 81
82
138 38
151 28
132 60
86 70
80 01
69 48
78 46
172 14
Passen-ger.
222 85
113 65
118 75
143 35
05 35
m 30
50 05
87 20
76 10
71 85
47 70
84 70
Total.
444 62
202 29
447 56
Thronorb.
Freight.
Local.
150
233
220
182
173
157
141
126
256
17;
73
58:
74i
90!
04
33
16'
84 i
420 24
573 33
1,114 70
547 28
730 27
1,485 87
722 15
381 78
283 73
3i)7 68
730 05
403 71
877 05
071 38
364 68
071 28
728 76
731 14
552 53
361 25
326 20
304 12
285 83
202 55
1,646 20 1,180 85 2,827 05; 7.700 70 i 6,767 67
Month,
1877.
October
JSTov'ber
Dec . . .
1878.
Jan. . .
Feb . . .
March.
.
April . .
May...
June . .
July. .
.
Aug . . .
Sept . . .
W., C. &. A. R. R Co.
Freight.
Tbrouo-li.
5,086 77
3,842 43
1,547 15
2,771
4,012
4,365
3,650
2,526
2,040 57
2,045 m
3,674 68
4,082 46
Local
11
Hail Icoad at each Agency ; also Receiptsfrom United States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending Septemher ^oth, 1878.
WELDON.
12
Statement showing the Earnings of the Wilmington ib Weldon
for Mails, &c.,from Southern Express Company, Col-
Tltrough Tickets Sales hy Foreign Roads, for
13
Rail Eoad at each Agency I also Receiptsfrom United States
lections hy Conductors, and for Special Trains and
the Fiscal Year ending Sejytember T,oth, 1878.
EECAPITULATION^.
Freight :
Throuo;!!, $1 17,810 73
Local, T 156,075 46
Total, $274,486 10
Passenger :
Throudi, $ 89,708 73
Local,r 82,000 00
Total, 171,708 73
United States Mail, 28,128 03
Transportation of IT, S. Troops and Freight,. ... ]35 49
Express Freight 9,119 32
Parlor Car, 3,002 81
Minor Sources, 1,234 79
$487,815 36
JOHX R. LATTA,
Acting Auditor.
14
Statement of ]£xpendltures of the Wilmington d; Welchm Ii.
It. Company^ for the Year ending Sept. 30th, 1878.
Conducting Transportation.
Advertising S 1,045 00
Agents and Assistants at Stations 11,816 00
Agents—Soliciting 8,803 80
Brakenien 4,1:50 71
Car Cleaning and Inspecting 448 00
Car Service T 2,214 55
Clerks 0,74(3 48
Conductors and Baggage Masters 8,720 20
Drawback and Allowance 1,283 80
Expenses of Stations, except Laljor 313 80
Incidentals 1 ,843 80
Labor at Stations 0,502 32
Li^it at Stations 284 52
Light for Cars 824 07
Loss and Damage 2,072 02
Mail Service. .
.''. 278 23
Office Furniture 114 23
Personal Injury 380 00
Printing and Stationery 3,080 51
lievenue and Postage Stamps 248 45
Stations, Pepairs of, and Pent 488 10
Master of Transportation 087 50
Stock Killed 487 40
Switelimen 714 88
Telegraph Expenses, including Operators, 1,187 39
Watclnnen \ 3,348 02
AVrecking 100 87
Total §i71,000 02
Maintenance of Cars.
Cars, Passenger and Baggage, repairs of 18,700 40
Cars, Express, repairs of, 001 08
Cars, Freight, repairs of 12,785 10
Cars, Mail, repairs of 072 30
Car Shops and Sheds, repairs of 18 90
Fuel for Stoves 501 50
Incidentals 224 83
Oil, Waste and Packing 8,770 43
Tools and Pepairs of Tools 305 37
Total $37,010 51
15
Motive Power.
Eno'ineers and Firemen $ 20,2G5 75
Fuel for Locomotives 21,335 79
Fuel for Shops 1,P>14 41
Incidentals _ 2,291 26
Locomotive Engines, repairs of 10,619 29
Oil and Tallow 2,683 01
Patterns and Tools, repairs of S55 57
Shops and Engine Houses, repairs of 18 91
Shops, Machinerv, repairs of 780 33
AVaste and Packing 462 22
Watchmen and Engine Wipers 1,019 07
Water, Wood and Coal Stations, repairs of 1,356 85
Water, Wood and Coal Stations, labor at 2,729 34
Total 72,031 80
Maintenaxce of Roadway.
Ballast 1,728 73
Bridges and Trestles, repairs of 16,040 28
Cars^Road, repairs of 105 42
Cattle Guards 2 75
Cross-Ties 15,076 72
Depot Grounds and Buildings, repairs of 2,240 98
Division Houses, repairs of 214 00
Froojs and Switches, repairs of 739 50
Incidentals 34 25
Iron Rails 44,978 56
Joints and Chairs
^''^H ^?
Road-Bed, repairs of 2,478 38
Spikes 629 00
Subsistence 5,996 65
Tools, and repairs of 621 78
Track, repairs of 22,691 90
Turntables, repairs of 315 26
Watchmen 708 94
Total 116,614 22
General Expenses.
Legal Expenses 2,435 24
Miscellaneous Expenses 2,357 29
Printing and Stationerv 386 59
Salaries of Officers. ..." 8,566 54
Traveling Expenses 850 42
Total 14,596 08
16
Recapitulation of Operating Expenses.
Conducting Transportation, $ 71,009 02
Motive Power 72,031 80
Maintenance of Cars 37,919 51
Maintenance of Eoadway 116,614 22
General Expenses 14,596 08
Total $312,170 63
JOHN K LATTA,
(408) Acting Auditor.
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