Annual reports of the president and directors and the general superintendent of the Wilmington & Weldon Rail Road Companywith the proceedings of the general meeting of stockholders. |
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^ix-i >( ^i tf 'C^ •«^a^.--; r:,.,a of t|)e CUnttiersiitp of Bonb Carolina CoIUction of Bott^ Catolmiana t!Cl^i0 book toa0 pteoented bl? ^Ul,lS(fl^,l*{,^^ntunV;YV£J This hook must not be taken from the Library building. FEB, U <CP 1962 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. Digitized by tine Internet Arciiive in 2010 witii funding from Ensuring Democracy tiirougii Digital Access (NC-LSTA) http://www.archive.org/details/annualreportsofp1878wilm 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 — I ^ 1^ I -^ o 2 oo ^ CO OH ^ 5 03 «D »0 <M ;c lO -* QQ (M N CJ O CO •-> O 1-1 ^ Z. 5 CO C: O 1-1 Xjrn>^ in O w: CO (M <?J CI ss3.idx3 -^ I- o CO CJ C! OJ CJ CI r-t rl rl !M 55 ^ 00 o in cj (M lO le (M o oo ift o O lO <-l 2 » o |)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. ^'Wt: >. -r-^^S^-r-^ .--v:'^
Object Description
Description
Title | Annual reports of the president and directors and the general superintendent of the Wilmington & Weldon Rail Road Companywith the proceedings of the general meeting of stockholders. |
Creator | Wilmington and Weldon Rail Road. |
Date | 1878 |
Subjects |
Wilmington and Weldon Rail Road--Periodicals Railroads--North Carolina--Periodicals Transportation |
Place |
Wilmington, New Hanover County, North Carolina, United States North Carolina, United States |
Time Period |
(1876-1900) Gilded Age |
Description | Latest issue consulted: 1880. |
Publisher | Wilmington, N.C. :[The Company],1878-(Wilmington, N.C. :Morning Star steam-power presses) |
Rights | State Document see http://digital.ncdcr.gov/u?/p249901coll22,63754 |
Physical Characteristics | v. ;22 cm. |
Collection | Health Sciences Library. University of North Carolina at Chapel Hill |
Type | text |
Language |
English |
Format |
Annual reports |
Digital Characteristics-A | 3589 KB; 98 p. |
Digital Collection |
Ensuring Democracy through Digital Access, a North Carolina LSTA-funded grant project North Carolina Digital State Documents Collection |
Digital Format | application/pdf |
Title Replaces | Wilmington, Columbia and Augusta Railroad Company..Annual reports of the president and directors and the general superintendents of the Wilmington, Columbia & Augusta and Wilmington & Weldon R.R. Co.'s |
Audience | All |
Pres File Name-M | pubs_edp_annualreportswilmingtonweldon1878.pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_edp\images_master\ |
Full Text |
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