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PROCEEDINGS
STOCKHOLDERS
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TWENTY-FOURTH ANNUAL MEETING,
*
(
W NGTON, NORTH CAROLINA,
NOVEMBER 10TH, 1859;
WITH THE
KEPi/iTS OP THE PRESIDENT AND DIRECTORS,
AND THE
CHIEF ENGINEER AND SUPERINTENDENT.
WILMINGTON, N. C:
FULTON & PRICE, STEAM POWER PRESS PRINTERS-
1859.
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PROCEEDINGS
STOCKHOLDEKS
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TWENTY-FOURTH ANNUAL MEETING,
WILMINGTON, NORTH CAROLINA,
NOVEMBER 10TH, 1859
;
I REPORTS OP THE PRESIDENT AND DIRECTORS,
CHIEF ENGINEER AND SUPERINTENDENT.
WILMINGTON, N: O.:
FULTON & PRICE, STEAM POWER PRESS PRINTERS.
1859.
I
OFFICERS FOR 1859-'60.
ADMINISTRATIVE OFFICERS.
PRESIDENT :
Hon. WM, S. ASHE.
BOARD OF DIRECTORS;
ON THE PART OF INDIVIDUAL STOCKHOLDERS
P. K. Dickinson,
A. J. DeRosset,
J. D. Bellamy,
E. P. Hall,
Gilbert Potter,
W. C. Bettencourt,
W. W. Peirce.
ON THE PART OP THE STATE :
Wm. A. Wright, L. H. B. Whitaker, W. K. Lane.
James S. Green, Secretary and Treasurer.
S. D Wallace, Assistant Sec'y & Booh Keeper.
executive officers :
S. L. Fremont,, Chief Engineer and Superintendent
Jas. G. Green, Depot Agent and Yard Master.
S. D. Wallace, General Ticket Agent.
J. W. Thompson, Geril Freight Agent.
Francis McMillan, Master Machinist.
John Crone, Eoad Master.
K
LIST OF STOCKHOLDERS, November 22nd, 1859.
NAMES AND RESIDENCE.
Shares.
Alex. Anderson, Est. A. Lazarus, Ad-ministrator,
Wilmington, 1
Alex. Anderson, Est., Wilmington,.
.
50
Sophia Andres, Westbrook's, 12
Anderson & Goodrich, Norfolk, Va.,
2
T. J. Armstrong, Wilmington, 30
Mary Allen, " 3
H. H. Arrington, Nashville, 1
Anny L. Ashe, Chapel Hill, 22
Henry Aaron, Halifax, 1
Eugenia Albia, Hillsboro', 8
Wm. S. Ashe, Wilmington, 20
R. H. Austin 2
Christian Eels, Jas. A. Bradley, Trus-tee,
Wilmington, 5
Lucy A. Jewett, C. W. Bradley, Trus-tee,
Wilmington, 54
C. W. Bradley, Wilmington, 5
Eichard Bradley, Savannah, Geo.,. .
.
33
Eliza C. Bradley, Wilmington, 1
Willie Bradley, Tawboro', 8
W. W. Brickell, Halifax, 4
S.W.Branch, " 2
W. S. Baker, Tawboro', 44
David G. Baker, W. S. Baker, Trus-tee,
Tawboro' , 1
Dan'l B. Baker, Wilmington, 1
Polly Pitt, W. S. Baker, Trustee, Wil-mington,
2
John E. Baker, Wilmington, 2
Jesse Baker, Wm. S. Baker, Trustee,
Wilmington, 2
Eloney Baker, Wilmington, 5
E. F. Brown, Wilmington, 3
John P. Brown, New York 25
Mary Ann Brown, Littleton Depot,
E. &G. R. B., .... . 1
Margaret P. Brown, Wilmington, ..." 8
H. F. Bond, Raleigh, 5
James Bond, " 5
Hugh B. Bryant, Tawboro', 9
Nancy Bryant, " 8
P. A. E. Bryant, " 2
Joseph Bryan, " 3
Elias Bryan, Pittsboro', 20
John D. Bellamv, Wilmington, 58
John T. Bellamy, Halifax County, ... 18
Daniel Bowden, Bowden's 1
B. Blossom & Son, Wilmington, 10
Wm. H. Beatty, Fayetteville, 10
J. L. Bridgers, Tawboro' , 1
L. W. Batchelor, Enfield, 3
Eobt. R. Bridgers, Tawboro', 1
Jas. J. Biggs, Raleigh, 5
Wm. S. Battle, Rocky Mount, 40
William H. Battle, Chapel Hill, 28
Mary P. Battle, " 5
Kemp P. Battle, Tawboro', 20
Penelope B. Battle, Rocky Mount,..
35
Margaret Batts, Joyner's, 1
Thomas G. Broughton, Norfolk, Va., 1
Caleb Bonsai, " « 5 A . Braswell, Rocky Mount, 5
William T. Braswell, Rocky Mount,.
.
5
NAMES AND KESIDENCE.
Shares.
Maria A. Borden, Goldsboro', 5
John E. Becton, Goldsboro' 2§
William C. Bettencourt, Wilmington, 21
David Barlow, Tawboro', 10
lacob S. Barnes, " 2
William Barnes, Jr., '? 3
Burket Barnes, " 1
Edwin Barnes, " 2
Joshua K. Bullock, " 5
D.W.Bullock, " 10
C. W. Bizzell, Everittsville, 1
E. C. Boddie, Nashville, N. C.,. ..... 5
A. Bilisoly, Portsmouth, Va., 3
Henry Buff, Norfolk, " 1
Thomas A. Bain, Portsmouth, Va.,.
.
1
H.C.Bell, '? " .. 1
Overton Bernard, " " .
1
George Blow, " " .
.
12
Joseph Bourke, Norfolk, " .. 1
John Barkfield, Est., Goldsboro',...
5
Turner Bynum, Wilson, 10
Nathan Brogden. Goldsboro', 3
John Beaven, Enfield, 9
Samuel A. Baker, Est., Wilmington,
.
5
Joseph A. Bilisoly, Portsmouth, Va., 3
Julia A Burning, 2
Turner W. Battle, Rocky Mount, 40
M. C. Coffield, Halifax, 1
S. W. Coffield, " 1
M. K. Crawford, Goldsboro', 3
Russell Chapman, " 4
Ann E. Crawford, " 4
Silas Cox, " 1
Sanders Cox, " 2
MicajahCox, " 10
Calvin L. Cole, 10
A. S. Cotton, 1
Ann J. Cummings, Westbrooks, Bla-den
Co., N. C, 8
W. J. Cromartie, Gravelly Hill, 7
Wm. K. Cromartie, " 3
Ann Cromartie, " 4
Peter Cromartie, " 20
Thomas Cowan, Wilmington, 20
Thomas M. Crowell, Halifax, 5
John W. Cotten, Tawboro', 1
Laura P. -Cotten, " 1
Arabella C. Cotten, " . 1
Florida Cotten, " ..- 1
Jos. A. Englehard, " 1
Cocke & Bro., Portsmouth, Va.,..
.
1
Charles L. Cocke, " " ... 1
John Cocke, " "... 4
Cocke & Hatton, " "... 1
H. T. Clarke, Tawboro', 24
Mordecai Cooke, Norfolk, Va., 2
James Cassidey, Wilmington, 105
Lott Groom, South Washington, 5
Wm. Carraway, Guardian, Dudley's
Depot, 2
William, Carraway, Dudley's Depot, 10
R. H. Chamberlaine, Norfolk, Va.,.
7
James Carr, Kenansville, 5
L. R. Cherry, Enfield, 10 1*
LIST OF STOCKHOLDERS—Continued.
NAMES AND RESIDENCE.
Shares.
William Crook, Wilmington, 10
G. W. Collier, Goldsboro', 12
William D. Cobb, " 30
John Coley, Unknown, 3
William S. Camp, Unknown, 2
L. M. ConyeTS, " 2
Blount Cooper, " 1
Edw. B. Dudley, Est., Wilmington,.
.
17
Jane A. Dudley, " .
£3
C. H. Budley, " .
45
P.K.Dickinson, " ..100
P. K. Dickinson, Wilmington, Ex'r. of
Mary L. Orme, 10
James H. Dickson, Wilmington, 30
A. J. DeRosset, Estate, " 25
A. J. DeRosset, " 08
John H. Daniel, Halifax, 1
Zylpha Daniel, " 1
Wm. A. Daniel, in right of Mary E.
Daniel, Halifax, 10
Wm. A. Daniel, Guardian Jas. J. Dan-iel,
Halifax, 10
Wm. A. Daniel, Guardian Sallie Daniel,
Halifax, 10
John S. Dancy, Tarboro', 2
John C. Devane, Barren's jStore, .... 5
William T. Dortch, Goldsboro', 25
Thomas C. Dixon, Norfolk, Va., 1
William F. Dancy, Goldsboro', 30
Richmond Dozier, Tawboro', 5
R. B. Drane, Wilmington, 41
R. Daughtry, Rocky Mount, 3
Margaret W.Davis, Halifax, 5
DePeyster & Goodhue, Gurdians, New
York, 15
DePeyster & Goodhue, Trustees, New
York, 96
DeRosset & Brown, Wilmington, .... 16
Justice G. Daniel, Halifax, 1
John Dawson, Wilmington, 6
W. W. Daniel, Jr., Unknown 2
Robert Edens, Estate. Wilmington, .
.
20
Sarah Edens, " .
5
C. D. Ellis, " .
25
John G. Elliott, Faison's, 3
John Everett, Goldsboro', 20
James Ellinor, Rocky Mount, 2
Arthur Emmerson, Adm'r. A. Emmer-son,
deceased, Portsmouth, Va.,.. 5
Benjamin Edmunds, Enfield, 10
William B. Edmondson, Goldsboro',. 5
William- T. Ellinor, Rocky Mount, ... 2
Arthur Emmerson, Portsmouth, Va., 2
Thomas R. Emery, Unknown, 20
E. V. & M. F. Emery, " 20
Mary F. Fields, Tawboro', 1
George R. French, Wilmington, 30
Daniel Fergus, " 12
Samuel Frink, " 35
Lorenza Frink, " 16
Samuel F. Frink, " 10
Owen Fennell, Harrell's Store, 5
John M. Fennell, " 4
D. K. Futch, Wilmington, 20
Michael Ferral, Halifax, 118
NAMES AND RESIDENCE.
Shares.
Elias Faison, Faison's 30
M. J. Faison, Trustee M. A. Dougald,
Clinton, 4
M. J. Faison, Trustee E. L. Faison,
Clinton 3
F. J. Faison, Warsaw, 3
Abner M. Faison, Warsaw, 3
William A. Faison, " 3
Matthew J. Faison, Clinton, 4
Wm. A. Faison, Guardian S. E., Wm.
J. and Ann M. O. Rhodes, Warsaw, 4
Walter Farmer, Wilson, 1
Moses Farmer " 1
Samuel B. Farmer, " 1
Gerusha Farmer, " 1
L. D. Farmer, " 1
Joseph H. Flanner, Wilmington, .... 5
Bennett Flanner, " 20
O. L. Fillyaw, " .... 12
Benjamin H. Field, New York. 20
S. L. Fremont, Wilmington, 30
John R. Gary, Weldon, 1
George G. Gary, " 1
George W. Gary, " 3
R.B.Gary, " I
Joseph M. Gillespie, Kenansville,. .
.
2
John B. Griswold, Goldsboro', 3
William B. Giles, Savannah, Ga 17
Waller Gwynn, Columbia, B.C., 35
John Greer, Kenansville, 1
J. D. Gardner, Wilmington, 5
David Godwin, Estate, Smithville, ... 15
Susan H. Green, Goldsboro', 2
R. J. Gregory, " 3
Elisha Gamage, Norfolk, Va.,.. 5
Chauncey W. Graham, Kenansville,. 14
Edward P. Hall, Wilmington, 220
Eli W.Hall, " 5
W.H.Hall, " 1Q
N. T. Harriss, " 3
Willis Hall, Estate, •' 160
William Hunter, Guardian, Halifax,
.
18
William Hunter, " 19
Benjamin Hunter, " 36
Thomas C. Hunter, " 13
Henry Hunter, " 1
Hodges & Baker, Norfolk, Va., 6
Joel Hines, Marlboro', 1
B. L. Hoskins, Battleboro', 5
Theo. Huggins, Estate, Wilmington,
.
5
M. P. Harriss, " 12
George Harriss, " 3
A. C. Harriss, Enfield, 2
Richard J. Harriss, Enfield 14
H. H. Hardy, Guardian Willie R. Hill,
Unknown, 12
Lewis Haile, Halifax county, 2
F. J. Hill, Wilmington, 30
William L. Hill, Warsaw, 30
C.D.Hill, " 10
William E. Hill, " 10
Josh. L. Horner, Halifax, 1
Jos. R. Hatch. Goldsboro', 2
Margaret J. Halliday, Halifax, 23
Hardy & Bros., Norfolk, Va., 10
LIST OF STOCKHOLDERS—Continued.
NAMES AND RESIDENCE.
Shares.
Henry H. Hodges, Paison's, 1
Hathaway & Peckham, Wilmington,
.
5
Hathaway & Co., " . 5
George Howard, Jr., Goldsboro', 3
Josiah Howell, Unknown, ,
.
9
Britton Hood, Goldsboro', 3
Catharine Hood, " 4
John E.Hood, " 3
Eliza Holloman, " 3
N. T. Harriss, Westbrooks, Bladen
County, 3
Richard Hines, Est., Ealeigh, 10
Jane F. Haywood. " 21
Spencer L. Hart, Tawboro', 3
Benjamin P. Hart, " 3
AlmonHart, " 3
William L. Hart, " 3
Ellen Hart, " 2
Ann Maria Hooks, 6
William M. Hanstey, Wilmington, 1
Thomas Hollowell, Goldsboro', 5
T. T. Hollowell, " 1
Julia A. Hooker, Hillsboro', 8
O.Hooker, " 9
Roscoe Hooker, Louisburg, 8
John B. Hussey, Kenansville, 10
James H. Hicks, Faison's, 30
Hyatt, McBurney & Co., Charleston,
S. C, . 10
Benjamin Hurdle, Smithfield, 2
David C. Howard, Tawboro' , 1
Albert E. Hicks, Faison's, 10
Eliza E. Hill, Wilmington, 8
P. J. Hill, Jr.. " 14
Richard B. Hill, " 13
Thomas S. Hill, " 18
Wm. Hill, Guardian Eliza Hill,. Wil-mington,
12
Wm. Hill, Wilmington, "14
Henry N. Howard, 5
James W. Johnston, Tawboro', 1
Benj. Johnston, Bingwood, 9
Isaac James, " 1
Willie W. Jones, 1
Maria Jones, Littleton Depot, 5
Frances Jones, " 9
Wm. H. Jones, Littleton Depot, ..... 1
Alfred Joyner, Wilmington, 1
MoBes Joyner, Tawboro', 2
Joab Jenkins, " 1
Samuel P. Jenkins, Tawboro, 5
Charles H. Jenkins, " 1
James P. Jenkins, " 6
Richard B. Jewett, 1
R. W. Johnston, Estate, Wilmington, 40
Henry Joyner, 1
James Kerr, HarrelFs Store, 5
Benj. P. Knight, Tawboro', 5
Jesse C. Knight, " 5
Thomas Kennedy, Goldsboro', 15
C. B. Killebrew, Tawboro', 1
G. W. Killebrew, " 1
William T. Kirby, Clinton, 9
E. V. Kelly, Estate, Wilmington, 3
Daniel Kornegay, Goldsboro',. . 15
NAMES AND RESIDENCE.
Shares.
Coffield King, Tawboro' 3"
Thomas J. Kinnear, Kenansville, 2
Ladies Benevolent Society, Wilming-ton,
12
Ellen Lazarus, Raleigh, 32
Aaron M. Lamb, 5
Julia Lazarus, Ealeigh, 39
Maria C . Lazarus, Charleston, S. C. .
.
32
E. A. Lazarus, 32
Gershon Lazarus, Charleston, B.C.,.. 32
Levin Lane, Wilmington, 49
William K. Lane, Goldsboro', 63
Joshua L. Lyon. Enfield, 6
John J. Lane, Tawboro', 1
Matthew Lawton, Wilmington, 10
Joseph Lawton, " 5
William C. Lord, Estate, 10
F. J. Lord, Wilmington, 2
Paul H. Langdon, Wilmington, 10
Emily S. Lawrence, Tawboro', 1
Henry S. Lloyd, " 5
Haynes Lord, New York, 1
Edward Love, Florida, Gadsden Co., 10
Lucy S. Lewis, Tawboro', 1
JohnW. Lewis, " 10
Josiah Lawrence, " 3
Z. Latimer, Wilmington, 45
W. W. Lamb, Tawboro', 2
M. London, Wilmington, 1
John D. Love, " 2
K- H. Lewis, Tawboro', 35
fThomas D. Lawrence, Tawboro', . ... 4
James H. Lawrence, " 1
N. M. Long, Weldon, I
John A. Green, Est., 8
F. S. Marshal, Estate, 1
C. B. Miller, Wilmington, 54
J- S. Murphy, " 21
Patrick Murphy, Taylor's Bridge, .... 40
Catharine G. Meares, Ex'x., Wilming-ton,
65
Gaston Meares, New York, 5
William B. Meares, Wilmington, 5
Alexander Mclver, Est., Carthage,..
.
10
Charles W. Murphy, Moore's Creek,
.
2
Hanson F. Murphy, Teachey's, 4
John H. Murphy, Long Creek, 2
Erthur Morgan, 25
John B. Mercer, Tawboro', 1
Evander Mclver, Carthage, 15
Colin McEae, Eockfish, Cumberland
County, '
, 5
Donald McBae, Wilmington, .".'. 7
Donald McEae, Trustee, Wilmington, 32
John C. McBae, " 15
Alexander McBae, " 35
Henry McEae, " 1
John McBae, " 90
Bobert M. McBacken, Whiteville, 87|
Henry Martindale, Wilmington, 10
B. F. Moore, Ealeigh, 40
Ellen T. Moore, " 1
A. L. Moore, Moore's Creek, 1
James P. Moore, " 7
George J. Moore, " 1
LIST OF STOCKHOLDERS—Continued.
NAMES AND RESIDENCE.
Shares.
Joseph Marble, Wilmington, 11
Alfred Martin, " 15
John B. Manly, Ealeigh, 1
Myer Myers, Norfolk, Va., 5
Barbara McKinnie, Goldsboro', 5
A. B. McCaleb, Estate, 4
P. McDowell, Elizabethtown, 10
T. D. McDowell, " 10
John A. McDowell, " 5
Thomas N. Mercer, Tawboro', 1
John Mercer, " 10
William F. Mercer, " 1
D. V. Mercer, Sparta, 1
John McMillan, Jr., Elizabethtown, .
.
10
Jemima Middleton, Warsaw, 2
E. M. Middleton, Kenansville, 2
David McDaniel, Bocky Mount, 1
Thomas Mayo, Tawboro', 5
Thomas L. Maner, Battleboro', 5
N. H. Murphy, Moore's Creek, 3
N. N. Nixon, Wilmington, 80
Henry Nutt, " 50
Elijah K. Neville, Halifax, 1
John Norfleet, Tawboro', 1
Bobert Norfleet, " 10
Charles E. Neale, " 2
Jesse P. Neville, " 6
James Owen, Wilmington, 10
J. O. Oates, Sparta,. 1
Thomas Ousby, Halifax, 6
William C. Ousby, " 1
James L. Ousby, " 1
Willie M. Person, . " 5
Bosa Pope, Goldsboro', 2
Elijah Pope, Bocky Mount, 2
K.C.Pope, " 1
George P. Pope, " 1
Bennett P. Pitt, Tawboro', 1
JoabP. Pitt, " 16
William Pitt, " 1
Moses Pitt, " 1
John Proctor, 1
Thomas B. Purnnell, Estate, Wilming-ton,
20
E. A. Purnell, Wilmington, 25
M. T. Ponton, Weldon, 3
Gilbert Potter, Wilmington 662
Bosa Ann Pittman, Apalachicola,
Florida, 25
B. T. Pittman, Tawboro', 4
Mary A. S. Pittman, " 4
E.G. Pittman, " 5
W. D. Pittman, " 4
John B. Prentice, Wilmington, 6
Joseph J. W. Powell, Tawboro', 80
Isaac Powell, Whiteville, 20
Jesse Powell, Tawboro', 3
Eaton P. Powell, " 2
James J. Porter, " 2
Mary Pender, " 1
Margaret Pender, " 1
George W. Powell, 1
Eoderick Pullen, 3
Joseph J. B. Pender, Tawboro', 2
William D. Pettway, " 5
NAMES AND RESIDENCE.
Shares.
Mark H. Pettway, Tawboro', 5
Joseph J. Philips, " 20
Jere Pearsall, Guardian, Kenansville, 4
Hosea Pickett, Estate, 5
B. B. Peirce, Halifax, 1
W. W. Peirce, Wilmington, 23
O. G. Parsley, " 70
John W. Powell, Nashville, 3
Mary E. Powell, " 2
Geo. A . Pollock, Wilmington, 2
W. W. Parker, Bocky Mount, 3
Catharine Bobinson, 10
Purdie Bichardson, Wadesboro',.. .
.
5
Benry B. Beardon, Norfolk, Va., 2
T. B. Beardon, Norfolk, Va., 1
William D. Boberts, " 1
James M. Bedmond, Tawboro', 20
Bobert Eicks, " ........ 5
Elias F. Shaw, Sampson Co., 3
Marsden J. Smith, Norfolk, Va., .... 12
Moses Smith, Scotland Neck, 5
Peter Smith, Wilmington, 5
Sophia L. Smith, Fayetteville, 5
Samuel Smith, Goldsboro', 10
Sylvester Smith, Baleigh, 5
A. L. Smith, Tawboro', 5
Etheldred Sauls, Goldsboro', 2
D. D. Sloan, Kenansville, i
David Sloan, Magnolia, 5
Abner Speight, Speight's Bridge,
Green Co., 5
JohnF. Speight, Tarboro', 2
H. B. Savage, Wilmington 10
H. B. Savavage, Trustee, Wilmington, 50
Timothy Savage, " 6
Geo. W. Stanton, " 1
David Southerland, Kenansville, 5
Isaac Sessums, Tawboro', 10
John Swann, Estate, Wilmington, 60
Bichard Sanders, Estate, " 13
Jordan Strickland 1
Bobert Soutter & Son, Norfolk, Va., 10
John J. Sharpe, Joyner's Depot, 1
William G. Sharpe, " 1
Alfred W. Simmons, Halifax, 1
Baker Staton, Tawboro', 25
Margaret Sugg, " 2
Bedding S. Sugg, " 1
P.S.Sugg, " l
Josiah P. Sugg, " 1
Lucy E.Sugg, " 1
Eliza Sugg, " „ l
William Sugg, " 1
Peter C. F. Sugg, " 1
Annie S. Sugg, " , 1
State of North Carolina, D. W. Courts,
Treasurer, Baleigh, 4,000
Eichard H. Smith, Unknown, 5
Nicholas Tally, Columbia, S. C, 9
Samuel O. Tally, " " .... 5
Wm. H. Tally, " " .... 4
Lewis H. Taws, Philadelphia, Pa., ; . 2
John A. Taylor, Wilmington, 6
Tazewell Taylor, Norfolk, Va., 7
John Talbot, " '• 1
LIST OF STOCKHOLDEES—Continued.
NAMES AND KESIDENCE.
Shares.
Thomas Tillery, Halifax, 5
John Tharpe, Rocky Mount, 5
Elijah Taylor, Jacksonville, 5
Zadock Thomson, Goldsboro', 1
Wm. Thomson, Trustee, F. & A. S.
Simpson, Goldsboro', 5
Drury Thompson, Goldsboro', 32
Henry A. Taylor, " 1
Benjamin R. Taylor, " 1
Josiah J. Vick, Rocky Mount, 1
Margaret Vick, " 1
J. Vick, " 1
A. A. Wanet, Wilmington, 20
Wilmington & Manchester R. R. Co.,
Wilmington, 2,050
L. H. B. Whitaker, Enfield, 104
M. T. Whitaker, " ]
L. H. Whitakar, " 2
B. F. Whitaker, " 5
James H. Whitaker, " 2
William Whitaker, " 2
John Wright, Goldsboro', 8
Rachel Wright, Wilmington, 7h
Wm. Wright, « 2£
Thomas H. Wright, " 106
William A. Wright, " 65
Joshua G. Wright, " 35
NAMES AND EESIDENCE.
Shares.
John C. Washington, Kinston, 119|
•John N. Washington, Newbern, 20
Washington & Wright, Jr., 5
Richard Washington, Goldsboro', 120
John Wooster, Wilmington, 31
W. S. Wilkings, Estate, Wilmington, 10
G. W. Woodbury, " 5
C. Wooten Goldsboro, 5
David Williams, Stantonsburg, 10
Maria Ann Ward, Dudley Depot, 20
Howard Wiswall, Washington, 3
B. F. Williams, Eenansville, 33
James A. Washington, Kinston, 10
W. N. Whitted, Prospect Hall, 20
John W. S. West, Goldsboro', 10
H. A. C. Walker, Wilmington, 10
S. E. Walker,
Carey Whitaker, Enfield,
Robert Whitaker, "
C. N. Webb, Halifax,
Stephen Woodward, Black Creek,
.
Richard B. Wingate,
Samuel P. Watters, Wilmington,.
,
Sarah A. Watters, "
Joel Wells, "
John Wilkinson, "
Jams R. Walker, "
10-
2
2
1
5
1
15
15
16
12
2
Total shares 13,5
J3ST" Par value of Shares $10(
PEOCEEDINGS
OF THE
TWENTY-FOURTH ANNUAL MEETING
OF THE
STOCKHOLDERS OF THE W. & W. R. R. CO.,
HELD ON THE IOtH DAT OF NOVEMBER, 1859.
In accordance with the Eesolution of the last Annual Meet-ing,
and pursuant to published notices, the Stockholders of
the Wilmington and Weldon Eail Eoad Company convened
at the Court House, in the town of Wilmington, at 10 o'clock,
A. M., on Monday the 10th day of November, 1859, when
the following proceedings were had :
On motion of W. A. Wright, Esq., the meeting was called
to order by the appointment of Owen E. Kenan, Esq., of
Duplin County, as Chairman, and Messrs. Patrick Murphy, of
Sampson, and John C. McEae, of "Wilmington, as Secretaries.
On motion of Dr. A. J. DeEosset, W. A. Wright, Esq.,
with the Secretaries, were appointed a Committee to examine
proxies and ascertain the number of shares of the Capital Stock
of the Company represented.
The Committee, after examination, reported that 9,434
shares were represented, viz : 4,524 in person, and 4,910 by
proxy, (including the State of North Carolina, by Owen R.
Kenan, Esq.,) which, being a majority of the whole Capital
Stock, the meeting was, by the Chairman, declared to be duly
organized and prepared for business.
The President of the Company, Hon. W. S. Ashe, then read
to the Convention the Eeport of the President and Directors,
and submitted it, with the accompanying Eeports to the meet-ing.
On motion of Dr. F. J. Hill said Eeports were received.
On motion of S. L. Fremont, the following resolution was
adopted :
10
Resolved, That the Report of the President and Directors with the accompa-nying
Reports, be referred to a Committee consisting of W. S. Battle, James
Cassidey, Nicholas N. Nixon, J. A. Englehardt and Donald McRae, who shall
make a report upon such matters and suggestions as are embodied in the Reports
submitted, and which, in the opinion of said Committee, deserve the action of
this meeting.
On motion of Dr. F. J. Hill, Messrs. W. A. Wright and
Dr. A. J. DeEosset were added to the Committee.
The following resolution, offered by J. A. Englehardt, was,
upon motion of Capt. Gilbert Potter, laid upon the table.
Resolved, That the Annual Reports of the Company from its organization,
with such other material facts connected with its history as may be thought
proper, be re-printed, and that J. S. Green, S. L. Fremont and S. D. Wallace
bo a Committee to contract for and superintend the publication of the same ;
Provided, five hundred copies can be printed and bound at a cost not exceeding
$500 ; And Provided further, That a sufficient number of the Stockholders, or
other persons, will subscribe the amount necessary to cover the cost of the publi-cation.
On motion of P. K. Dickinson, Esq., the meeting adjourned
to 3 o'clock, P. M.
3
'o'clock, P. M., Nov. 10th, 1859.
At 3 o'clock, P. M., the meeting re-assembled. After an
informal effort to take from the table the resolution which,
during the morning session, was laid upon the table, the
following resolution was offered by S. L. Fremont, Esq., and
a stock vote called for upon it.
Resolved, That this Company will subscribe two hundred dollars towards re-printing
the Annual Reports of the Company, so soon as it shall appear that
three hundred dollars have been subscribed by individuals for the same purpose,
and that a Committee of three persons be appointed by the Chair to solicit
subscriptions and superintend the publication of the work if ordered.
A vote was taken upon this resolution as follows : 384 votes
in the affirmative, and 2,446 in the negative. The resolution
was therefore lost.
The Committee to whom was referred the Report of the
President and Directors, with the accompanying Reports,
through their Chairman, Wm. A. Wright, Esq., submitted
the following report and accompanying resolutions
:
The Committee to whom was referred the Report of the
President and Directors, with the Reports accompanying the
same, have considered the facts and suggestions embodied in
said Reports, and submit for the action of this meeting two
resolutions, responsive to the two prominent subjects which
11
by said Reports are referred to the Stockholders of this Com-pany.
The first resolution is in reference to an investment by this
Company in aid of the establishment of a line of steamers
between the ports of New York and Wilmington. The greater
speed, regularity and certainty with which steamers perform
their trips, when compared with ordinary sailing vessels, has
brought into existence regular lines of steam packets between
New York, the great commercial metropolis of our country,
and all the seaport towns which are competitors with the sea-ports
of North Carolina for the inward and outward freights
of our State. These lines are operating most hurtfully, not
only to the interests of this Company, but also of other Rail
Road Companies in our State ; and we believe it to be the duty
of this Company, in connexion with other Companies in our
State having like interests, to aid in securing the same facili-ties
to the shippers of freight coming to or going from our
State which are furnished by rival ports in the adjoining
States. The Committee have not time to present the many
details necessary for the proper consideration of the question
whether such an investment will be profitable, when viewed
in the isolated aspect of a stockholder in a Steam Packet Com-pany,
yet your Commmittee are satisfied that the greatly
increased profits which will be made by your Road, derived
from the large addition of freights which will obviously result
from the establishment of such a line, will make such an in-vestment
on the part of this Company alike judicious and
profitable.
Another important matter brought to the attention of the
Stockholders by the Reports referred to this Committee, is the
policy and propriety of a change in the termini of the Branch
Road to Tarboro'. Many of the subscribers to the stock taken
for the construction of this Branch desire that its Eastern ter-minus
be in or near to the town of Tarboro', and others of
these subscribers wish that the Western terminus be changed.
Upon consideration of the many questions which present
themselves in connection with the desired changes in the ter-mini
of this Branch Road, your Committee became satisfied
that this whole subject could be more judiciously investigated
in all its bearings by the Board of Directors of the Company
than by the Stockholders in their annual meeting. Your
Committee present for the consideration of the Stockholders,
the following resolutions
:
Resolved, That the Board of Directors of this Compauy be authorized, if in
their judgment it be deemed advisable, to subscribe in behalf of this Company
12
a sum not exceeding $30,000, to aid in the establishment of a line of suitable
Steamers between the port of New York and the port of Wilmington ; Provided,
however, That the subscription hereby authorized be mada to the Capital Stock
of a Company duly incorporated ; And Providid further, That the Wilmington
& Manchester Rail Road Company shall aid in the establishment of such line of
Steamers, by subscribing to the Capital Stock of such Steam Packet Company
to such an amount as the Board of Directors of this Company may consider
bears a fair proportion to the amount to be subscribed by this Company.
Resolved, That the questions connected with any changes of- the termini of
the Branch Road directed to be constructed at the Special Meeting of the Stock-holders,
held on the 19th day of May last, be referred to the Board of Directors
of this Company, with instruction that they enquire into and duly consider the
practicability and expediency of altering the termini of said Branch Road ; and
if in their opinion it is deemed practicable and expedient to alter the. same, that
they are hereby authorized to fix said termini at such points as they may consider
most conducive to the interests of this Company.
On motion of P. K. Dickinson, Esq., the foregoing Report
with the accompanying resolutions were received, and the
resolutions were therefore adopted by the meeting.
The meeting then proceeded to the election of a President and
Board of Directors; whereupon Hon. Win. S. Ashe was duly
elected President of the Company, and Messrs. P. K. Dick-inson,
E. P. Hall, A. J. DeRosset, Gilbert Potter, John D.
Bellamy, W. C. Bettencourt and W.W. Pierce were elected as
Directors of the Company on the part of the individual stock-holders
; Messrs. L. H. B. Whitaker, of Halifax, William K.
Lane, of Wayne, and William A. Wright, of Wilmington,
having been appointed Directors on the part of the State.
On motion of S. L. Fremont, Messrs. Donald McRae, Robt.
H. Cowan and Patrick Murphy were appointed the Auditing
Committee for the ensuing year.
On motion,
Resolved, That S. L. Fremont. Esq., with the Secretaries of this meeting, be a
Committee to superintend the publication of such portion of the proceedings of
this meeting as such Committee may deem proper.
On motion,
Resolved, That the thanks of this meeting are tendered to the Chairman and
Secretaries for the acceptable manner in which they have severally discharged
their respective duties.
On motion, the meeting adjourned, to meet'at this place on
the second Thursday in November, 1860.
O. R. KENAN, Chairman.
John C. McKae, ) Secretaries
Patrick Murphy. S
PRESIDENT AND DIRECTORS' REPORT.
To the Stockholders of the W. & W. R. R. Co :
Gentlemen :
—
The President and Directors, in laying before you their 24th
Annual Report, feel' gratified in believing a comparison of the
transactions of the Company for the last two years with its
previous history, will give you the most hopeful assurance for
the future.
The Report of the Treasurer shows an aggregate of re-ceipts
of $47*7,554.75 ; some $30,000 in excess of the pre-vious
year. The cost of operating the Road (which also in-cludes
the perfecting of what was unfinished and the repairing
of what was in a state of decay) amounts to $242,353.75, for
a statement of which, in detail, you are referred to the Report
of the Engineer and Superintendent. The difference between
the receipts and the expenses as exhibited, shows that we have
made nearly 18 per cent, on our capital stock. These profits
have been absorbed in the regular contribution of 4 per cent,
to our sinking fund—5 per cent, to the payment of the interest
on our debt, including preniiuni on exchange, and 8 per cent.
in dividends to our stockholders, leaving a small balance on
hand. Our profits, indeed, are not as large as they were for
the year ending October 1st, 1857 ; but when it is recollected
that at that time we had the benefit of an exclusive through
ticket between the Northern and Southern States, (the only
rail connection between these points being over our line,,)
and that then the outside steamers from Charleston, Sa-vannah,
and New York were not running in opposition
to us, we are truly astonished that the difference is not
much greater. During the last twelve months, four new
lines of rail connections, (each earnestly and energetically
competing with us) have been established. The outside steam-ers,
formerly, only a few screw propellers, have increased from
7 to 16, and are now of the largest class of side-wheel steam-
14
ers. The immense amount of freight which they carry ena-ble
them to transport passengers at a greatly reduced price.
Under these circumstances we repeat, that the amount of our
through travel for the last year should give to the Stockhold-ers
most reliable assurance of future prosperity. But while
the elements of opposition to the great Atlantic Trunk Line
have been thus fully developed, the managers of this line have
not been remiss. New connections with it (both North and
South of us) are in rapid progress of construction, which will
not only ensure greater dispatch of travel, but must diminish
expense. Before the end of another year, the Wilmington and
Seaford Road will be extended to a point on the Chesapeake
Bay, about 80 miles North of Portsmouth, and Passengers can
then be carried from this point to New York in eight hours less
time than is now required for the same service. Early in
January, the Road across the Peninsula of Florida, from Fer-nandina
to Cedar Keys, will be completed. This work, in
connection with a daily line of Steamers from Charleston to
Fernandina, (already established,) will put us in close con-nection
with the vast travel of the Gulf of Mexico.
But, notwithstanding this promising aspect of our through
travel, it is our domestic business (both in travel and freights)
which should inspire us with the most confidence. While the
former—way travel—is in excess of any previous year, our
freights, in defiance of all competition, manifest a steady in-crease.
The Report of the Engineer and Superintendent
demonstrates the great disadvantage under which this branch
of our business (which of all others should be most cherished)
labors. His remarks on the policy of our assisting it, by the
employment of a line of steam-packets between Wilmington
and New York, are earnestly recommended to your consider-ation.—
And our ability, in connection with the Manchester and
the Rutherford Rail Road Companies, to support such a line
cannot be doubted.
The Stockholders will perceive from the Report of the
Chief Engineer, that the resolution authorizing the construc-tion
of a Branch Road from Rocky Mount to Tarboro', adopt-ed
at a special meeting of the Stockholders, held in Wilming-
15
ton on the 19th of May last, has been partially executed.
—
The contractors, who have given bond with approved security
for the faithful performance and completion of their contract
before October, I860, are now at work. A change of both of
the termini, as fixed by the survey, and as embodied in the
contract, is earnestly solicited by some of the Stockholders.
This subject is referred to you for your consideration.
Kespectfully submitted,
C: WM. S. ASHE, President.
November 10th, 1859.
LIST OP OFFICERS AND AGENTS
Of the Company, with their salaries, on the 30th Sept., 1859.
Hon. Wm. S. Ashe, President, $2,000 00
TREASURY DEPARTMENT.
James S. Green, Secretary and Treasurer, 1,500 00
S. D. Wallace, Assistant Secretary and General Ticket Agent, 1,800 00
DEPARTMENTS OF TRANSPORTATION AND REPAIRS.
S. L. Fremont, Chief Engineer and Superintendent, 3,000 00
J. G. Green, Yard Master, 1,000 00
P. H. Langdon, Clerk in Engineer and Superintendent's Office, 600 00
J. W. Thompson, Agent of Transportation,. 1.500 00
George Houston, Assistant Agent of Transportation, 600 00
T. L. Love, Acting " " " 600 00
T. C. Buggies, " " " " 360 00
E. B. Banks, Packet Clerk, 360 00
John Campbell, General Agent at Weldon, 1,500 00
Geo. G. Gary, Assistant Agent " " 600 00
J. H. Holderby, General Agent at Goldsboro', 1,000 00
William Summerlin, Assistant Agent at Goldsboro', 400 00
STATION AGENTS.
Joel Hines, Marlboro', Free Riding.
R. J. Johnston, Leesburg, $100 00
C. McMillan, Teachey's, 100 00
L. A. Merriman, Magnolia, 200 00
H. Brown, Warsaw, 250 00
Daniel Bowden, Bowden's, 100 00
Lewis Hicks, Faison's, 125 00
W. F. Pollock, Mount Olive, 100 00
D. McKinnie, Dudley, 150 00
J. E. Whitfield, Ticket Agent, Everettsville, Free Riding.
C. G. Perkins, Pikeville, : 100 00
A. E. Gill, Nahunta, 150 00
R. M. Cox. Black Creek, 150 00
A. D. Farmer, Wilson's, 350 00
W. D. Farmer, Joiner's, , 150 00
A. J. Garvey, Rocky Mount, 300 00
T. L. Maner, Battleboro', 175 00
A. B. Whitaker, Enfield, 300 00
G. W. Owens, Halifax, 150 00
REPAIRS.
John Crone, Road Master, 1,200 00
F. McMillian, Master Machinist, 1,200 00
J. A. Wright, Master Carpenter Car Shops, 1,000 00
W. W. Flower's, Master Carpenter Bridges and Trestle Work, 600 00
LIST OF CONDUCTORS AND ENGINEERS. PER MONTH.
George Morrison, Conductor on Passenger Train, $60 00
J.M.Howell, " " " " 60 00
E.D.Browning, " " " " 60 00
J. W. Carr, " " " " 60 00
J. D. Gardner, Jr., " " " " 60 00
W. H. Laspeyre, " " " " 60 00
Robert Lee, " " Freight " 50 00
William Smith, " " " " 50 00
A. Alderman, " " " " 4167
R. T. Fulghum, " " " " 4167
William Paul, Engineer, Passenger " 80 00
W. L. Trask, " " " 80 00
George Tarlton, " " " 80 00
J. A. Urquhardt, " Sl " SO 00
C.H.Rice, " " » „ 80 00
J. W. Hollister, " " " 80 00
H.Hughes, " " " » 80 00
James Knight, Engineer and Conduc'r Freight " 100 00
Simon Gay, " " " 75 00
W.A.Graham, " " " .'... C5 00
John Dockery, " " " 75 00
G. Beasley, " " " 65 00
Green Solomon, " Gravel " 35 00
Asa Heistand " Yard Engine 50 00
John Barry, Superintendent of Trestle Filling, 60 00
REPORT OF THE
ENGINEER AND SUPERINTENDENT,
Wilmington and Weldon Rail Road Company, 3
Office Chief Engineer and Superintendent, >
Wilmington, N. G, Nov. 1st, 1859. )
Hon. W. S. Ashe, President, &c.—
Sir
:
—I have the honor to submit my Fifth Annual Report
of the operations of the Road for the fiscal year which termi-nated
September 30th, 1859 :
RECEIPTS and expenditures.
The earnings of the Road from the transportation of pas-sengers,
freight and mails, and the receipts from miscellaneous
sources have been as follows :
Receipts from Through Passengers,.$144,630 75
" " Way " 109,795 37
« " Freight, 161,666 72
" " Mails, 48,600 00
" " Miscellaneous sources 12,861 91
Total receipts for 1859, $477,554 75
" " " 1858, 446,583 30
Total increase in gross receipts, $30,971 45
EXPENDITURES.
Salaries.—Amount of compensation to officers,. $8,500 01
DEPARTMENT OP ROAD REPAIRS.
Ordinary and extraordinary repairs
of Track, $55,867 06
Repairs of Bridges and Trestle
Work, 4,692 03—$60,559 09
DEPARTMENT OP TRANSPORTATION.
Boiling Stock.—Cost of repairs of
Locomotives, $28,018 81
Cost of repairs of Passenger Cars,.. 16,742 50
« « « « Freight " .. 3,771 25
$48,532 56
Amount carried forward, $117,591 66
2
Amount brought forward, $117,591 66
Train Expenses.—Pay of Conduc-tors,
Engineers, Train hands, fire-men
and miscellaneous expenses
of Trains, 32,112 84
Oil, Tallow and Waste, 4,003 56
Fuel, 15,137 20
$51,253 60
Station Expenses.—Cost of repairs
of Warehouses and Water Sta-tions,
.
._ $5,490 15
Cost of Tickets, Ticket Books, and
Blanks, 1,530 00
Cost of Printing Annual Reports,
&c, 250 00
Cost of Time Tabler and advertis-ing,
230 00
Pay of Station Agents, Yard Mas-ter,
Warehouse and Yard Hands,
and for pumping water at Sta-tions,
18,516 87
Half the cost of maintaining Steam
Ferry, 2,145 70
$28,162 72
GENERAL EXPENSES.
Cost of New Locomotives and Tools, $425 00
a a u pasSenger Cars and
Tools, 3,065 15
Cost of new Freight Cars, 500 00 $3,990 15
Subsistence, Clothing and Medical
attendance . .. $16,525 16
Loss and damage, 3,319 04
Miscellaneous Expenses, 5,518 64
Office " 570 25—$25,933 09
Total cost of operating the Road,. $226,931 22
This includes $7,500 on account of re-rolled Rails and
$1,000 for Chairs for new and old Rails, which, if deducted,
would leave, as the ordinary repairs of track, $47,367 06, and
the operating expenses $218,431 22; but the depreciation
account is properly chargeable to current expenses.
The following expenses for and on account of " construc-tion"
and "permanent improvements," which, in the financial
statement of the Treasurer, are included in " current working
expenses," are chargeable to the following objects
:
TRESTLE FILLING.
Hire of twenty negroes, at an average cost of $195 each per
annum, including provisions, clothing and medical attend-ance,
.
m ;
.. $3,900 00
Hire of Overseer, Engineer, Fire-man
and white hands as per Pay
Koll, 3,377 95
Cost of Oil, Waste and Fuel, 1,590 00
Cost of repairs of Engine and Cars, 795 00
Total cost of filling Trestle this year, $9,662 95
Cost of filling new wharves at Wil-mington,
including crib work
completed, 1,327 25
Cost of Lumber and labor on Rock-fish
Bridge, (in part,) 2,350 00
Cost of new Rail Mending Shop,
Boiler House and brick walls to
Engine House, Cost of new Warehouse at Magno-lia,
1,332
33
750 00
$5,759 58
$15,422 53
Total for " construction " and "per-manent
improvements,"
From this statement it will be seen that our operating ex-penses
proper have not exceeded 47£ per cent, of the gross
receipts.
There have been paid, this year, about $8,000 on account of
operating expenses of previous year, referred to in my last
Annual Report, and there is scarcely half that sum now out-standing
on account of the operations of the present year.
This difference might with propriety and justice be deduc-ted
from the working expenses of the year, and thus reduce
the year's actual expenses to $222,931 22. I have thought
it necessary to refer to these facts only to show the gradual
but steady reduction in the working expenses, consequent
upon the improvement of the Machinery and Track.
The reduction of the Trestle Work to less than one mile
—
the improvement of the Repair Shops, and the increased
efficiency given to the motive power, have contributed' largely
to this result.
Gross Expenses for 1858 $248,518 37
" " " 1859 242,353 75
Decrease in Expenses, $6,164 62
Increase in Receipts, 30,971 45
Total net increase in receipts this year, $37,136 07
REPAIRS OF ROAD WAY.
There have been placed in the track, this year, three hun-dred
tons of new rails, of the best quality of American iron,
which have been laid down with the Phoenix Rolled Chair
;
one hundred tons of the old rails have also been supplied
with the same Chair. This new iron, and the rails that have
been repaired, have put the track in good order for winter.
I am in hopes that two to three hundred tons a year, of new
Iron, in addition to the repaired rails^ will enable us to main-tain
a good track.
It is designed to have two more furnaces for repairing rails,
in operation in a few weeks, making four in all, that will be ex-clusively
devoted to this work.
I respectfully refer you to my last Annual Report, for a
Statement of the merits of the " rail-mending machine." I
am ready now, to re-affirm all I then said in its favor.
BRIDGES AND TRESTLE WORK
Are now in good order. The long trestles at Wilson and
Black Creek, have been filled up nearly to completion during
the past season, and will be finished by the first day of Decem-ber.
This completes this work to the 133rd mile post, except
two small trestles near Nahunta. One year more, with a force
equal to the one now in service, will complete the filling of
the trestle work on this road.
CULVERTS.
Culverts of stone, brick or iron, should now be supplied
wherever needed, as fast as the surplus means of the Company
will enable it to do so. The embankments require widening,
and I respectfully recommend that $30,000 a year from the
surplus means of the Company, (after providing for the inter-est,
sinking fund, and a dividend of eight per cent.,) be appro-priated
to these improvements and to supplying chairs or
other joint fastenings for the rails,
REPAIR SHOPS.
The new Stationary Engine, referred to in my last report
has been put in service, together with a tilt hammer, and a few
other tools, which have placed the shops in a much better condi-tion,
as regards the economy of repairs, than at any previous
time.
As soon as the line of shafting, now ready, cau be put up,
the machinery of all the shops, will be driven by the same en-gine.
DEPARTMENT OF TRANSPORTATION.
The total mileage made this year, by all our trains, is 323,069.
Divide the cost of operating, $230,000, exclusive of expense
of dirt trains, and we have 71 cents as the cost of each mile run.
No serious accident has happened to any train—passenger
or freight, during the year, and out of one thousand three hun-dred
and fifty-six trips run by passenger trains only thirteen
failures^ to connect regularly at either end of the Road, have
occurred. It is believed that our trains have, during the past
year, run with more regularity and uniformity of speed, certain-ty
of connection, and safety to persons and property than many
of our cotemporaries. When we take into account the length
of our line, and the high speed we are compelled to make, it
is saying much in favor of the quality of our men and
machinery, when we state, that not one passenger or employee
connected with the passenger trains has been injured during
the year.
We have carried over the Road, this year, 27,964 Through
Passengers, and 68,498 Way Passengers. Last year the num-bers
were 28,704 Through, and 59^312 Way Passengers.
This shows a decrease of 740 Through Passengers, and an
increase of 9,186 Way Passengers, while there has been an
6
increase in the amount of receipts from Through Passengers
of $7,773 14, and an increase of $13,265 62 in Way Passengers.
This is the largest amount ever received from way travel in
any one year—and the prospect it gives of continued improve-ment
in the receipts from this source are gratifying.
The decrease in the number of Through Passengers is cer-tainly
a source of regret, though the receipts have actually
increased.
In my last Annual Report I called your attention to the
fact, that we had no through ticket system, and as a conse-quence,
there had been a large decrease in the number of
Through Passengers. During the past winter and spring,
through tickets were made between all the important points
on the great lines of travel passing through this place and
over our Eoad. Notwithstanding this, we have failed to
receive the full and legitimate amount of through travel,
to which our good route—no doubt the very best line for
southern and southwestern travel—fully entitles us. Nor
can we expect much improvement in this branch of our
business, until a better system can be agreed to. A sys-tem
based upon injustice, as this is, and, withal, a system
of such unusually high rates of fare, cannot bring us improve-ment
in through travel—especially while two lines of steamers
—one from Charleston and one from Savannah, having a tri-weekly
connection with New York—are carrying passengers
at their present unprecedentedly low rates.
The increased receipts from the transportation of freight
this year are $3,834 25_, which, in view of the gradual reduc-tion
in the amount of the Naval Store business and the opening
of a rival Road, is gratifying. Cotton and Wheat, with other
products of the soil, will ultimately take the place of Naval
Stores ; but we cannot expect this transition to follow quite
so rapidly as the destruction of the pine tree, follows the de-pleting
process of the turpentine maker.
There has been a small but steady increase of our through
freighting business with the West. This branch requires
your special attention. But little more than one-half of the
freighting business between New York, and points on the
North Carolina Eail Koad—that have a shorter Eail Road line
to this place than to any other sea port,—passes over cur line.
There can he very little improvement in this respect, so long
as this end of our Eoad is unconnected "by Steam Ship trans-portation
with New York.
This Road is very largely interested in the trade with the
interior, and I am confident that a line composed of two or
more Steamers "between this port and New York, would add to
the receipts of the Company not less than thirty thousand
dollars for the first year. Of course I mean that Steamers
should run in connection with the Rail Road, having a through
tariff of charges well known to all. These Steamers to load
and unload, if need be_, at the Company's wharves.
Comparatively a few years ago, and the entire coasting
trade was carried on by sailing vessels. No one thought of the
application of steam to this trade ! How is it to-day ?
Portsmouth, Norfolk, Charleston and Savannah, have their
lines of semi-weekly or tri-weekly Steamers connecting them
and their Rail Roads with New York and Philadelphia.
We have the advantage over Portsmouth of "being foty-lour
miles the nearest to Raleigh, (and all points west,) and over
Charleston, of being twenty miles the nearest to Salisbury, (and
all points west,) reckoned by the several lines of Rail Road;
yet, can we expect to compete successfully with Roads hav-ing
such powerful adjuncts as this ? Surely not.
Time is an important consideration with the merchant, and
few will ship by sailing vessels when they have a choice.
—
The slow and heavy goods come by sail to us, the light and
" time goods " go by Steamer to Portsmouth or Charleston.
I have thought the following extract from the report of the
General Superintendent of the Georgia Rail Road applicable to
this question :
" The Western merchants, with a true understanding of their interests, do not
regard any extra reasonable expense which iosures dispatch. The whole freight
from New York to Memphis and Nashville on dry goods, shoes and other valua-ble
manufactures is only a small per centage on their cost. Since the introduc-tion
of steamships into the coasting trade, the advantages of speedy and regular
transportation have been fully realized and appreciated, and new that their rates
of Freight have been materially reduced, not only dry goods, but groceries, pro-visions
and other heavy merchandise seek transportation by steam.
8
Merchandise, which until recently, was shipped direct from Boston, Providence
and other ports, to the South, is now forwarded to New York for shipment by
the various lines of steamers which offer daily communication, and have made
New York the starting point for the supplies ot the vast extent of country tra-versed
by Southern Rail Roads, and points beyond on the rivers reached by
them.
To enable us to compete for this large and rapidly increasing busiuess, it is
necessary that we offer equal facilities for shipment by steam to the terminus of
our route, Charleston, between which port and New York there has been no in-crease
of steam tonnage during the last five years.
The Charleston Steamships are unexceptionable in every respect. Their pas-sages
are made with speed and regularity unequalled by any line out of the port
of New York, and tbey cannot fail to merit the patronage of both shippers and
travelers ; but when it is taken into view that these ships have to carry all the
dry goods and a considerable portion of other merchandise purchased in the East-ern
States and in the city of New York for the supply of the large population
and extensive wholesale business of Charleston, as well as of the great extent of
country traversed by the northern branch of the South Carolina Rail Road and
its connections, embracing most of South and part of North Carolina, it can
readily be seen that while we depend solely on them, we must be content with a
very small share of the Western business. At present our capacity for receiving
this class of freight in New York, falls short of one-third of the quantity which
goes hy the two Southern Routes.
Two or more large Screw Ships, to run in connection with the Side Wheel
Ships, or independently of them, would not detract from the business of the lat-ter,
but tend to increase it, both in Freight and Passengers. The greater the
facilities we afford for transportation, particularly during the Spring and Fall
when shipments are heaviest, the greater will be the patronage of the public, the
more popular the Route. It should also be noted, that before our Cotton Crop
begins to move, our grain and flour is ready to go forward, and it being greatly
to the interest of shippers to place it in market before similar Northern produce
can be brought into competition with it, they will naturally direct it to the port
offering the most frequent opportunities for shipment by steam. There is reason
to believe that an investment in Steamers would pay a fair interest, independent
of the great increase to the business of the Road which would result therefrom.
The Shipping interest of late years has been in a very depressed state, and the
prejudice against investments in vessels become general ; besides, Steamships are
not built on speculation, as is the case with sailing vessels. They cannot, like
the latter, go from port to port to look for business—their running expenses are
too heavy—their business must be marked out for them, and the vessels be con-structed
specially in reference to the requirements of that business.
These features, together with their great cost, renders it necessary that parties
having an interest in their creation, beyond that of direct profit from their earn-ings,
should aid in their building and establishment.
As I consider additional Steam facilities between New York and Charleston
of the utmost importance to our business, I propose to present to you a special
communication on this subject."
PROSPECTS AND BUSINESS OF THE COMPANY.
The local business is steadily but surely increasing. The
through business will be greatly improved by the opening of
the Florida route, as well as by the completion of the system
of Rail Eoads terminating at Montgomery, Atlanta and
Augusta—as well as by the completion of the Charleston and
Savannah Rail Road, and the extension of the Savannah and
9
Gulf Rail Eoacl to the South West. Again, the opening of
the short direct and cheap line by Norfolk, Anneinessex and
Wilmington, Del., will, during the next year, add much to
our through business.
Our motive power—which will soon be increased by the
two new passenger Engines, now on their way to us, and by
the addition of the two large freight Engines recently ordered
by the Board of Directors—will be ample for the year's business.
Our stock of Cars has been increased by two new passenger
Cars completed, and three more will soon be added.
—
More freight cars are needed, and will be built at the Compa-ny's
Shops. These wants can all be met by the surplus means
of the Company, as they are required, from time to time.
I know of no other extraordinary expenditure that will be
required during the coming fiscal year.
The past year has not been one of unusual prosperity, and
yet the net receipts have been about 17f per cent, on the cap-ital
stock, or about 11 per cent, on the capital stock paid in
and bonded debt.
A sinking fund of $50,000 per annum, with interest paid
equal to $60,000 a year, amounts to 8 per cent, on the capital.
This leaves 9f per cent, for net profits. A dividend of 8 per
cent, having been declared, we have If per cent, for the sur-plus
fund.
TARBORo' BRANCH.
The surveys and final location of this Road having been
made in accordance with the orders and approval of the Board
of Directors, the work of construction was let to Messrs. Bis-set
and Birchett, of Petersburg, Va., who have executed a con-tract,
with bond and security for the same, including every-thing
necessary for a good Road, Warehouses, Water Sta-tions,
and Bridge over Tar River—all in complete order for
the rolling stock, for the sum of $132,606, being $6,888 above
the estimates of the Engineer. The work to be completed by
the first day of October, 1860.
The following extract from my report on the survey dated
Sept. 15th, 1859, will give you all the information that may
be desired on this work.
10
REPORT
Of the Surveys and Final Location of the Tarboro' Branch of
this Road:
I succeeded in engaging the services of Mr. Henry McRae
as Principal Assistant Engineer, upon the terms specified by
the Board, and Mr. W. G. Lewis as Second Assistant.
The party was organized and put in the field on the 7th day
of July.
The first experimental line was run from near Tarboro',
bearing North, 80° West, to a point on the main stem, about
one mile South of Rocky Mount Station, making a deflection
from a right line at a point about (7) seven miles West of
Tarbor', of (7°) seven degrees North.
The second experimented line was commenced at the point
on the main stem where the first line terminated, and was run
in a straight direction South 84f° East to the public road near
Tarboro', a short distance above the finally-located line. This
line was continued, with two or three deflections, to the cross-ing
of Tar River, near " Redmond's Barn," to the terminus
on the River, or Scotland Neck road.
^ha final location was then commenced and continued back
to the Tarboro' Station, and from thence to the terminus near
Rocky Mount, making from near Tarboro' to the Rocky Mount
terminus a straight line. This line is no doubt the best that
can be selected for a Rail Road, between Rocky Mount and
Tarboro' . It passes over a country almost as level as the
graded line will be, and crosses Hatcher's Swamp, the only
obstacle, at a very favorable point. I refer you to the tracing
of the line and the profile for further facts, and a general idea
of the route we have selected for the Road. The length of
the straight line from Rocky Mount to Tarboro' is 14.65 miles,
and the length of the whole line (18.003 miles) eighteen miles
one hundred and seventy-six feet.
The whole amount of Excavation and Embankment will
be for main track, turnouts and (Y) tracks, &c, 167,874 cubic
yards.
There are but two or three persons that will claim land
damages, all others have signed a release.
I submit herewith an estimate for the entire cost of the
Road, including Warehouse at Tarboro', Passenger or Station
House, and two Wood and Water Stations. The land
damages will not, it is believed, exceed one thousand dollars.
Should this estimate of that item prove correct, the whole cost
of the Branch Road will be ($124,718 29) one hundred and
11
twenty-four thousand seven hundred and eighteen dollars and
twenty-nine cents.
It is not certain that we can get the iron rails delivered at
Wilmington for $48 per ton, though I am in hopes we can:
and two dollars per ton will pay the Company the cost of
hauling them to Rocky Mount, without profit. Should the iron
cost two dollars more per ton it will only increase the estimate
$2,344.
In the estimate for Grading, ten per cent, has heen added
for profits. The other estimates are all considered liberal and
remunerative. I will add, they have heen carefully made, and
I am confident may be fully relied on as accurate.
ESTIMATE
Of the Cost of Building the " Tarboro' Branch " of the
" Wilmington and Weldon Rail Boad."
167,874 cubic yards of Excavation and Embank-ment,
at 11^ cents, $19,305 51
Grubbing and Clearing, 2,700 00
Trestle Work, Culverts and Cattle Guards, 5,000 00
Bridge over Tar River, 5,000 00
49,220 Cross-Ties, at 30 cents, 14,766 00
1,172 tons Iron Rails, at $50, 58,600 00
8,202 Iron Rolled Chairs, at 40 cents, 3,280 80
114,828 pounds Iron Spikes, at 3| cents, 4,015 98
Track Laying, 19 miles, (Turnouts included) at
$300, 5,700 00
Engineering, 3,750 00
Warehouses and Water Stations, 1,600 00
Land Damages, estimated not to exceed 1,000 00
$124,718 29
In consequence of the desire of a large number of the sub-scribers
to this stock, I directed the Engineer in charge to
make a survey of a short line, deflecting to the north of the
located line and intersecting the main stem at Rocky Mount.
This line, if adopted, will increase the cost of the branch
$2,123 81. The report of the Engineer is herewith submitted
:
Rocky Mount, N. C, Nov. 2nd, 1859.
S. L. Fkejiont, Esq., Chief Eng. $ Supt. W. $ W. R. R.
Dear Sir :—In compliance with your instructions I have made a survey and
located the new line running into the W. & W. R. Road at this place. I beg
leave to submit the following estimate of the cost of building the road on the two
lines.
12
The new line leaves the first location at station 897, about 1000 feet East of
the county road, and intersects the main stem near the turpentine still at the
South end of the cut at Rocky Mount. The distauce by the first line is 5500
feet, and by the last 6,834 feet. The last line is a curve of 3,820 feet radius the
whole of its length, and the first has a curve 2,570 feet long of 1,432)£ feet
radius.
The estimate by the original location from station 897 to the W. & W. R.
Road is as follows :
4,440 Cubic yards Excavation and Embankment, at llf cents, 510 60
65i Tons Iron Rail, at $50 00
-
3,275 00
2,750"Cross Ties, , at 30 " 825 00
6,417 lbs. Spikes, at 3$ " 224 60
458 Chair's at 40 " 183 20
Culverts and Cattle guards 60 00
Track Laying, 300 00
Grubbing and Clearing, 150 00
$5,528 40
By the new line.
11,636 Cubic yards Excavation and Embankment at 11$ cents 1.338 14
81 1-3 Tons Iron Eail at $50 00 4,066 67
3,417 Cross Ties at 30 " 1,025 10
7,980 lbs. Spikes at 3$ " 279 30
570 Chair's at 40 " 228 00
Culverts and Cattle guards, 115 00
Track Laying 400 00
Grubbing and Clearing, 200 00
r.652 21
Difference in favor of the original line, §2,123 81 ******* Tours Respectfully,
H. MacRAE, Assistant Engineer.
The limit, ($140,000,) fixed by the Stockholders, will cover
the cost of constructing this work, if a rigid economy is ob-served
in the Engineering and incidental expenses ; but it will
not cover any increase in the cost of construction. I would
therefore recommend that an order, or resolution, be adopted
by the Stockholders, fixing the Station buildings permanently
at Eocky Mount, both for the main stem and the branch.
—
This will accomplish all the Eocky Mount Stockholders can
reasonably require, and I do not see that any one can object
to such an order. Certainly there is no necessity for changing
the location of the Depot at Eocky Mount, and less necessity
for a Station at the Junction.
The trains will be run to the Station at Eocky Mount, and
from the Station at Eocky Mount in precisely the same way that
they would if the new track commenced at that point. Then
why build a double track ? Why spoil a straight line and
13
accomplish nothing ? The Road has no money to spend un-necessarily.
The Report of the Hospital Surgeon is herewith appended,
together Avith the tables of comparison of freight—the pro-ducts
of the soil of North Carolina seeking a market over either
end of our Road—the Report of Service of Locomotives, in-ventory
of Coaches, Cars, &c. ; to which you are respectfully
referred for detailed information upon the subject of the
business and property of the Company.
In closing this Report, I am much gratified in being able to
say the depreciation of Stock and Road has been fully replaced
by the repairs and new work of the past year charged in the
operating expenses. Hence your apparent profits are clearly
and truly net profits.
I cannot close this report without calling your attention to
my ''•visionary" calculation of last year, when I undertook to
prove the ability of the Company to pay off its debt at matu-rity—
considerably improve the Road and other property, and
regularly maintain dividends of 8 per cent per annum. I re-garded
this year as the one in which it would be most difficult
to accomplish this result, so far as the 8 per cent dividend
was concerned ; but I am gratified in Tcnoiving you have never
made a dividend that was more clearly earned.
My thanks are due to the officers, agents and employees of
the Company for the faithful and prompt manner in which
they have aided me generally in discharging my duties.
I am, very respectfully, your obedient servant,
S. L. FREMONT,
Chief Eng. & Sup't.
EEPORT OF THE HOSPITAL SURGEON.
S. L. Fremont, Esq., Eng. and Supt. W. & W. R. R.
Sir :—The following is a list of cases treated at the Compa-ny's
Hospital during the past year :
NO. CASES.
Anthrax, 1
Burns, 3
Billious Remittent Fever, G9
Bronchitis, 1
Cholera Morbus, 5
Colic, 16
Catarrhal Fever, 27
Cynanche Tousillaris, 4
Constipation of Bowels, 5
Dysentery, 16
Asthma, 1
Gonorrhoea, 2
Gastritis, 1
Haemorrhoids, ,. . 2
Hernia, 1
Itch, 1
Influenza, 8
Conjunctivitis, 3
Lumbago, 13
Diarrhoea, 6
NO CASES.
Malingering, 3
Mumps, 2
Minor Surgery, 39
Neuralgia 3
Pleurodynia, 6
Phlegmon, 2
Paronychia, 3
Pneumonia, 2
Herpes Preputii, 1
Rheumatism, 19
Syphilis, 14
Sciatica, 1
Typhoid Fever, 5
Splenitis, 1
Ulcers 2
Intestinal Worms, 1
Yaws, 1
Tonsillitis, 3
Intermittent Fever, 33
Total. .326
I have to record one death, making, since the Hospital went
into operation, four deaths, from various causes, out of 1,268
cases of disease there treated.
Respectfully, your ob't. serv't.
JAS. F. McREE, Jr.,
Hospital Surgeon.
Hospital, W. & W. R. E. Co.
Nov. 1st, 1859.
15
Metum of Machinery, Tools and Stock on hand in the Machine
Shops of the W. & W. R. R. Co., Sept. 30th, 1859 :
ARTICLES.
FINISHING SHOP.
New Stationary Engine,
Boiler built in Company's Shops,
Old Stationary Engine and Boiler,
14 feet Lathe, geared,
12 li " "
8 " li "
Large Engine Lathe, geared,.
14 ft. '• '.' "
10 " il " "
Planers
Bolt Cutters
Pair Dies to Bolt Cutters,
Taps " " *'
Holders, " " "
Nut Blocks,
Old Drill Press,
Drills for do
New Drill Press,
Drills for do
Drill Sockets,
Wheel Press,
Grind Stones,
Vises
Screw Wrenches,
Oil Cans,
Flat Chisels,
Cape do
Scribers,
Centre Punches,
Ratchet Braces,
Drills for do
Clamp Ratchet,
Drills for do
Die Stocks,
Pair Dies for do
Taps for Shops,
Tap Wrenches,
Screw Plate,
Hand-hole Taps,
Reamers,
Numbers,
Letters,
Sledges,
Large Bed Screws,
" Jack do
Hammers,
Files assorted, in use,
Spirit Levels
Set Corking Tools for Flues, .
.
Hack Saw,
Cold Chisels,
New Test Gauge and Pump,.
Ashcroft's Steam Guages,
FOUNDRY.
Large Cupola,
Small do
Brass Furnace,
Carried forioard,
Purchased
during the
year.
2 00
20 00
10 00
3 00
42 50
2 00
20 00
7 80
'eo'66
Value
Sept. 30,
1858.
SI. 600 00
1.600 00
500 00
400 00
000 00
300 00
50 00
2,300 00
COO 00
500 00
1,500 00
170 00
420 00
150 00
360 00
50 00
260 00
24 00
2 00
10 50
14 50
2 00
24 00
50 00
50 00
3 00
5 00
50 00
10 00
20 00
3 00
100 00
50 00
7 00
1
1 50!
i 251
15 00 i
80 OOj
Present
Value.
$1,600 00
1.600 00
500 00
400 00
600 00
300 00
50 00
2,300 00
600 00
500 00
1,500 00
100 00
25 00
40 00
$167 30) $12,051 50 $12,135 30
170 00
400 00
150 00
350 00
50 00
220 00
18 00
4 00
30 50
8 00
3 75
2 00
24 00
50 00
50 00
3 00
4 00
60 00
10 00
20 00
3 00
100 00
50 00
10 00
42 50
3 50
20 00
1 25
22 80
80 00
60 00
100 00
25 00
40 00
16
RETURN—CONTINUED.
5
6
8
6
3
4
1
1
1
1
3
12
1
1
1
1
100
150
2
50
1
4
2
6
12
10
120
180
30
28
18
60
2
1
4
10
1
1
1
10
1
2
2
6
20
6
1
1
4
1
1
4
5
19
3
-2
ARTICLES.
Brought forward,
FOUNDRY, (Continued.)
Shi.vels,
Riddles,
Rammers,
Ladles,
Skimmers,
Hammers
Core Bench,
Core Oven,
Core Mill,
Wheel Barrow,
Pair Tongs
Crucibles,
Pair Balances,
Crane Fall and Tackle,
Small Ladder,
Cupboard,
Good Flasks,
Inferior Flasks,
Slings
Iron Clamps,
BLACKSMITH SHOP.
Fan,
Cast Iron Forges,
No. 1 Anvils,
Common "
Sledge Hammers,
Hand "
Pair Tongs, ,
Swages, h inch to 6 inches,
Fullers and Flatters,
Cast Steel Chisels,
Mandrils,
Heading Tools, \ to 2 inches,
Vises
Bolt Hammer,
Wrenches, -.
Squares,
Pair Straight Edges,
Bellows,
Crane,
Buckets,
Trip Hammer,.
SAIL MENDING SHOP.
Cast Iron Furnaces,
Swage Blocks,
Cast Steel Chisels,
Swages
Sledge Hammers,
COPPERSMITH SHOP.
Large Bellows,
Forge,
Ladles,
Pair Soldering Irons,
Solder Mould,
Pair Roofing Tongs,
Gas Tongs,
Pair Shears,
Screw Wrenches,.
Carried forward,
Purchased
during the
year.
$167 30
2 00
2 00
17 00
1 50
3 00
75 00
1 00
22 00
3 00
40 00
10 00
3 00
75 00
130 00
5 00
24 00
3 00
150 00
1 00
2 50
5 00
Value
Sept. 30,
1858.
$12,051 50
3 00
6 00
6 00
8 00
1 50
1 00
2 00
25 00
10 00
2 50
2 00
2 00
2 00
80 00
3 00
1 00
3 00
100 00
120 00
20 00
50 00
12 00
7 00
75 00
50 00
50 00
23 00
26 00
375 00
720 00
100 00
5 0C
25 00
6 00
10 00
10 00
1 00
1 00
50
4 00
5 00
4 00
3 75
1 00
$746 40 $14,009 75 $14,845 05
Present
Value.
$12,135 30
17
RETURN—CONTINUED.
1
1
3
4
6
2
1
6
1
1
1
2
1
2
2
2
1
2
2
2
1
1
1
8
1
2
1
3
2
1
1
2
3
3
4
1
20
5
3
4
4
4
3
I
12
3
34
ARTICLES.
Brought forward.
COPPERSMITH SHOP, (Continued.)
Hammer,
Saw,
Mallets,
Cold Chisels, ,
Files
Rasps,
Scraper,
Punches,
Former,
Vise
Hand Bellows,
Double Seamers for Roofing,.
Swaging Machine,
Grooving •'
Beadin£
Folding "
Rolling "
Setting down"
Small Burr, "
Thick Edge "
Thin " "
Wiring "
Gutting, "
Oil Cans,
BOILER SHOP.
Pr. Boiler Makers' Shears,
Punching,
Screw Punch,
Pair Bellows,
Anvils ,
Pair Clamps,
Pr. Rollers,
Set Corking Tools,
Sledge Hammers, ........
Rivetting "
Hand ' "
Rivetting Machine,
Pair Tongs,
Purchased
during the
year,
$740 40
3 75
2 00
Value
Sept. 30,
1858.
$14,009 75
Punches,
Cold Chisels,
Flatters,
Heading Tools,
Reamers,
Brace,
Rivetting Tools, ,
Cast Iron Blocks,
Pr. Callipers,
Pr. Dividers, \
Vise,
CAR SHOP.
Stationary Engine,
Moulding Machine,
McDauiei's Planing Machine,.
Tenon Machine,
Circular Saw,
Scroll, "
Gig,
Chisels, J\.
1 50
2 00
Carried forward.
214 00
3 00
10 00
2 50
1 00
20 00
5 00
20 00
30 00
36 00
20 00
19 00
10 00
5 00
2 50
2 50
1 50
50 00
60 00
5 00
25 00
20 00
5 00
15 00
2 00
4 50
3 00
Present
Value.
6 00
18 00
e oo
2 00
3 00
2 00
600 00
450 00
90 00
30 00
25 00
$993 90' $15,615 35 $16,724 30
$14,845 05
1 00
1 00
2 50
2 00
1 50
1 00
25
2 00
2 50
3 75
1 00
20 00
5 00
20 00
30 00
36 00
20 00
19 00
10 00
5 00
2 50
2 50
1 50
2 00
60 00
60 00
5 00
25 00
20 00
5 00
15 00
2 00
4 50
3 00
4 00
6 00
15 00
600 00
214 00
450 00
90 00
30 00
3 00
25 00
34 00
RETURN—CONTINUED.
21
10
2
7
3
2
3
5
6
11
2
2
1
10
15
4
4
42
1
6
1
1
4
1
1
G
1
6
5
12
25
3
2
ARTICLES.
Purchased
during the
vear.
Brought forward,
CAR SHOP, (Continued.)
Bench Planes,
Hand Saws,
Cross Cut, Saws,
Hatchets,
Try Squares
Framing Squares
Hammers,
Gauges,
Gimblets, a
Pair Compasses, ...
Bead Planes,
Boring Machines,
Bolt Machine, -...
Augers,
PAINT SHOP.
Paint Brushes,
Varnish "
Dusters,
Pencil Brushes,
Hammer,
Putty Knives, ,
Pallet,
Iron Pot,
Funnels, :
Pair Scales,
Sprinkling Pot,
Water Buckets,
Stove,
30 gallon Tin Cans,
5 " " "
Assorted " "
Paint Pots,-
" Mills,
" Stones,
$993 90
16 80
7 50
50
2
1
10 00
100 00
6 50
1 00
4 00
38
1 00
15 00
75
8 00
Value
Sept. 30th,
1858.
$15,615 36
1 20
Present
Value.
$16,724 30
16 80
17 50
7 00
75
20
50
75
60
50
75
50
10 00
100 00
6 50
50
37
25
1 50
1 50
8 00
Total,
.
30 00
5 00
4 50
4
12 00
12 00
7 50
2 00
1 00
4 00
50
75
25
1 25
1 00
15 oo-
75
1 00
8 00
30 00
3 75
3 00
3 00
20 00
12 00
$1,195 18 $15,688 97l $17,001 40
Materials on hand in Machine, Boiler, Blacksmith and Copper-smith
Shops and Foundry.
ARTICLES.
FINISHING SHOP.
Pounds new Driving Wheel Tires,
.
" old " " " .
" Assorted Iron,
" Steel,
'
' . New Castings,
" " Log Chains,
Sheets Russia Iron,
Feet Wrought Iron Pipe,
New Driving Axles,
Barrels Fire Clay, :
Pounds Sheet Lead,
Sheets No. 10 Copper,
Pig Antimony,
Carried forward,
Purchased
during the
year.
Value
Sept. 30th,
1858.
600 00
95 00
490 00
52 00
57 60
20 00
180 00
7 60
23 00
21 00
12 00
1,000 00
$1,558 10 $1,000 00
Present
Value.
1,100 00
180 00
600 00
95 00
490 00'
52 00
57 60
20 00
18fr 00
7 50
23 00
21 00
12 00
$2,838 10
19
RETURN—CONTINUED.
ARTICLES.
Brought forward,
FINISHING SHOP—(Continued.)
Feet Rubber Hose,
Pounds Rivets,
1 ' Sheet Copper,
Quires Emery Paper,
Pounds Spun Yarn,
" Spelter Solder,
Sides Belt Lacing,
BLACKSMITH SHOP.
Tons Bituminous Coal,
" White Ash "
FOUNDRY.
Pounds Pig Iron,
Pigs Block Tin,
" Antimony,
Tons Moulding Sand
BOILER SHOP.
Plate No. 3 Copper,
Pounds Plate Iron, ,
" Sheet "
" Rivets,
COPPER SHOP.
Pounds Solder,
" Copper,
Sheet No. 1 Copper,
Sheets Galvanized Iron,
" Common "
Box Tin,
CAR SHOP.
Feet White Oak
" " " Refuse,
" Walnut,
'
' Poplar R efuse,
" Ash,
" White Pine,
" Yellow " , ,
PAINT SHOP.
Gallons Lin?eed Oil,
Pounds Dry White Lead,
" Ground " "
" White Zinc, ,
" Brown "
" Burnt Sienna,
'
' Sugar of Lead,
'
' Brandon Yellow,
" Rotten Stone,
" Vandyke Brown,
'
' Chrome Green,
'
' Chinese Blue,
" Chrome Yellow, ,
" Black Lead,
" India Red, -
" Red Lead
" Venetian Red,
" Gum Shellac,
" Brandon Red,
" Rose Pink,
" Flower of Emery,
" Block Pummice Stone,
Gallons Coach Varnish,
Purchased
during the
year.
$1,558 10
12 00
25 00
3 00
1 00
6 00
15 00
15 00
262 50
250 00
7 50
60 00
24 00
12 00
8 00
220 00
36 00
25 00
6 25
10 00
24 00
120 00
8 00
10 00
270 00
Value
Sept. 30th,
1858.
45 00
120 00
495 00
500 00
Carried forward,
$1,000 00
$4,148 35 $1,000 00
Present
Value.
$2,838 10
12 00
25 00
3 00
1 00
6 00
15 00
15 00
262 50
250 00
7 50
60 00
24 00
12 00
8 00
220 00
36 00
25 00
6 23
10 00
24 00
120 00
8 00
10 00
270 00
30 00
45 00
45 00
120 00
435 00
500 00
39 00
4 00
9 00
8 00
4 00
3 00
33
4 00
1 20
9 00
6 80
10 00
6 00
3 00
2 50
1 75
2 00
75
4 00
4 00
75
1 50
105 00
$5,732 96
20
RETURN—CONTIN UED.
ARTICLES.
Brought forward,
PAINT SHOP—(Continued.)
Gallons Furniture Varnish,
" Japan "
il Asphaltum,
Books Gold Leaf,
Purchased
during the
year.
$4,148 35
$4,148 35
Value
Sept. 30th,
1858,
$1,000 00
$1,000 00
Present
Value.
$5,732 96
22 00
1 00
22 50
3 00
$5,781 46
EE CAPITULATION.
Total value of Tools in 1859, $17,001 40
" " " " 1858 15,509 92
Increased value during the year, $1,492 48
Total value of materials on hand 30th Sept., 1859, $5,781 46
" " '•' " " " " " 1858, 14,028 16
REPORT
Of Cross Ties and neiv Bails laid, and of Bridge and Trestle
Timber used in construction during the fiscal year ending
Sept. 30th, 1859.
52,206 Cross Ties,
194,920 feet Bridge and Trestle Timber,
200 Tons new Rails.
2,085 New Iron Rail Chairs.
RETURN OF COACHES AND CARS
On the Wilmington and Weldon Bail Boad, Sejrt. 30th, 1859.
12 Coaches in excellent order, $20,000 00
3 " "fair " 4,500 00
" " Shops, undergoing repairs,
6 Conductors' Cars, 5,000 00
5 Second Class Cars, 5,000 00
6 Baggage and Mail Cars, 5,400 00
2 Baggage Cars, 1,200 00
46 Box Freight Cars, in good order, 46,000 00
60 Flat Cars, 15,000 00
20 Gravel Cars, in good order, 5,000 00
5 Old Cars, 250 00
Total value of Coaches and Cars, $107,350 00
21
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8 •="
oil
6
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Cost of fuel,
562
50
700
50
606
00
644
00
573
00
601
50
751
50
417
00
375
00 £3
897
00
804
00
946
50
682
50
705
00
228
00 C£
CO
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Lbs. of cotton
waste used.
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Gall's of Oil used.
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Cords of "Wood
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No. of days laid
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No. ofdays laid up
by schedule.
No. of days in ser- g||llllsl
vice.
CO rH OO CD O CI b; CO CI
No.of ears hauled, S§cSS_coJh
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tlt- j? -t t-OOH^rHCDt'OOt^-^ ko of miles run,. cD"o"r-".-,---H,"t--co-co"
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Skill, rH rH rto CO CO H^
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Total cost of En-gines
for the year.
Present value of
Locomotives.
• 60 2
o©o"oOoOoOoOOoOoOoOo
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Total cost per mile
run.
Cost per mile for
repairs, in cents.
Cost per mile for
oil, tallow and
waste, in cents.
© © t— c? :~ i~
tf CO lO CO !MN(N»0
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Cost per mile for
fuel, in cents.
oo oo oo oo oo oo
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t- © -+ © r-i ©
rH CO 00 00 © -t*
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Paid to Engineers,
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of repairs,
from accident.
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Cost of repairs,-..
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Cost of cotton
waste.
^000<N(MCOOO
Cost of Tallow,
©©©©©©oo© £- i-i rl tH CO CM CO CO CO
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Cost of Oil
,
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24
A COMPARATIVE STATEMENT
Of the principal articles of Freight deliveredfrom and received
for transportation at Wilmington for the last six fiscal years.
Fiscal Bacon Corn
years. Lbs. bushels.
1854 493,763 15,845
1855 521,936 17,378
1856 51S,73S 29,384
1857 369,046 2,045
1858 141,810 11,817
1859 271,780 19,461
Cotton Flour Rosin *l™*f grade
bales. Bbls. Bbls. *"£* l
™fi£-
2,541
7,650
7,435
8,554
8,683
10,78
245
2,781
9.5S4
10,622
10,800
10,591
N5.22S
84,541
60,047
69,551
76,09S
61,524
30,422
34,088
30,419
28,103
28,877
26,934'
12,478
17,935
19,905
12,875
19,712
24,170
Tar Bbls.
6,930
8,397
10,674
4,470
2,173
10,038
Wheat
Bushels
86
116
57,678
59,566
80,550
51,214
Comparative Statement of the same Articles received at Weldon.
1854
1855
1856
1857
*185S
1859
6,050 628,
5,490 8,429,
8,840 2,534!
3,836 7,811
508,537 7301
3,298 902
4,547
5,925
5,500
4,400
10,375
12,771
25, 28,663
2,210 15,723
5,500
9,616
3,265
2,361
13,3S3
18,125
17,541
14.698
1,299
675
112
174
182
326
4i
310
349
21
1,110
2,936
9,832
12,045
3,745
898
Total Amount Received at Wilmington and Weldon.
1854 499.812 15,973 7,0S8j 270 113,888 31,712 13,469 6,944i 1,196
1855 527,426 25,S07 13,575 4,991 100,244 34,713 18,721 8,798 3,052
1856 527,578 31,918 12,935 15,084 73,430 30,531 19.005 11,028 67,510
1857 372,882 9,856 12,954 20,248 87,676 28,277 12,S75 4,4911 71,611
1858 650,347 12,547 19,058 14.065 93,639 29,059 19,712 2,173 84,295
1859 275,078 20,363 23.553 12,952 76,222 27,060 24,204 10,039| 52,112
Monthly Statement of same received at Wilmington from 1st October, 1858, to
30th September, 1859.
1858
October,
Nov'r.,..
Dec'r.,.-
1859
Jan'y.,..
Febr'y. .
March,..
April,,..
May, ...
June,...
July, ...
August,
Sept.,...
12,S00
8,000
700
5,520
20,440
56.760
31,140
22,790
13,110
25,960
56,010
18,550
1,173
1,944
3,69S|
2,194
!
2,610!
1,7681
1,078 s
1,932!
576 .
234
1,394!
3,009 511
1.7611 1,218
1,533! 1,518
1.830 56'
'8871 534
1,4001 784
169
1
1,073
21
'
271,780
1,35'
520
195
670
1,644
19,46l! 10,782' 10,591
47
103
22
2.2SS
2,210
2,032
2,261
1,721
1,729
1,029
2,002
2,S21
2,814
3,265
2,562
61,524! 26,734
4,6S8
4,810
3,367
5,698:
5,034!
4,822i
5,926!
4,726i
5.062:
5,199;
6,109!
2,992 184
2,201 489
1,212 846
960 1,707
1,384 2,213
1,168 2,494
692 1,239
1,866 593
3,087 56
2,267 21
4,110 71
2,231 125
24,170 10,03S(
2,540
76
922
1.792
4,950
8,110
11,368
4,734
1,904
7,378
5,594
1,846
51,214
Monthly Statement of same received at Weldon from 1st October, 1858, to 30th
September, 1859.
1858
Oct'r....
Nov'r...
Dec'r. ..
1859
Jan'y,..
Feb'y...
March-
April...
May
—
June,...
July....
August.
Sept
528j.
"400
600
400|
3,298'
124
"902
:,953
,946
!,059
,923'
,547:
636
548
38
24
33
56
8
12,771
177 1,333
104 1,837
329 2,351
87 748
102 1,736
472 890
456 403
318 1,049
236 1,716
4fi 996
32 1,445
194
2,361 14,698
1
33
38
14
13
15
77
64
30
8
30
326
208
84
200
1
20
92
40
22
16 20
18
1
212
34 89S
*Notb.—The great apparent increase in the amount of Bacon received at "Weldon this year,
is due to the fact that the amount received from Petersburg and points North for shipment
down this Road was erroneously included—the design ot this " Tabular Statement" being to
show the products of the State shipped over this Road.
25
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a
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gmeers,
Conduc-tors,
Fire-men
and
Train Hands,
35,991
76
32,098
24
34,148
64
33,112
84
T3 .
<s £ 8,209
21
6,643
46
4,460
13
4,423
66
*cu
a 22,461
09
22,930
91
18,594
86
16,687
68
« in
O m
'-3 a
a
37,546
69
43,337
17
40,249
27
48,688
51
57,905
83
70,807
23
82,120
51
96,516
15
110,058
29
24,933
15
27,710
34
33,575
12
31,260
76
1
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3D an
<
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O $9,160
40
18,954
39
11,373
00
19,587
81
21,447
20
18,625
50
35,468
27
37,303
08
34,216
96
39,721
27
31,995
08
21,416
66
25,473
74
Pay of Mas-ter
Carpen-ter
and
Workmen.
14,344
60
16,146
07
13,865
16
13,408
01
Cost of Ma-terials
for
Eepairs.
10,510
13
14,086
29
7,651
50
11,761
73
Cost of New
Coaches,
Cars, Ma-chery
& tools
for shops,
-"* CM
to £-
CO !M
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TOTAL.
$11,235
77
13,580
57
20,663
93
30,740
71
29,430
51
30,426
36
37,644
95
44,434
82
46,309
94
48,891
88
50,706
23
37,287
63
31,018
81
Pay of Su-perintendent
and Machin-ists.
23,837
14
24,382
31
26,108
66
23,209
92
Cost of Ma-terials
for
Eepairs.
9,947
01
10,066
93
9,188
99
7,383
89
Cost of New
Engines, Ma-j
chinery, &c,
for shops.
15,107
73
16,256
99
1,989
98
425
00
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for Bridges,
trestle-work, &
Dwellings for
Section Masters
and Laborers.
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30
Dr. Statement of the Affairs of the Wilmington & Weldon R. R.
Cost of Real Estate, Construction and Re-construction of Road, Station
and Warehouses, Bridges and Ferry Boat $2,855,473 41
" 12 Negro Slaves, $13,750 00
Amount paid for Bonds State of North Carolina—par value
$20,000 19,902 50
Stock of the Wilmington & Manchester Rail Road Co., 100,000 00
ti is it Wilmington & Weldon Rail Road Company pnr-
(purchased) 3,850 00
" " " Washington & New Orleans Telegraph Co., 3,150 00 140,652 50
Amount of Bills Receivable 2,070 75
" due from Post Office Department 36,450 00
" " " Agents 10,855 24
" " " Companies & Individuals 12,865 26 62,241 25
Counterfeit and uncurrent money on hand 908 54
Cash in London to pay Interest 13,312 71
" "Raleigh" " " 586,97 13,899 68
" " Bank to purchase State Bonds 949 92
" " on hand 40,828 95
83,114,954 25
Wilmington, N. C, Sept. 30th, 1859.
EXHIBIT,
Dr. Showing the Business of the Wilmington & Weldon Rail
1858.
Sept. 30 Cash on hand, $36,175 74
" in Agencies to pay Interest, 13,581 37
" " Bank to purchase Bonds 1,609 79
Amount of Bills Receivable, 8,495 75
" " Bonds of the State of North Carolina—cost 98,962 57
" due from Post Office Department 12,150 00
" " " Agents 5,224 62
" " Companies and Individuals 15,916 74 192.116 53
1859.
Sept. 30.—Received for 1 Negro sold this year 1,250,00
" " " Interest on State Bonds 810 GO
Received from transportation Fof Passengers, Freight, Mail,
&c, for 12 months to date 477,554 75 479,614 75
$671,731 33
Wilmington, N. C, Sept. 30th, 1859.
31
Co., from the commencement of the work, to oOth Sept., 1859. Or.
Amount received from Capital Stock $1,340,213 21
Mortgage Bonds, payable in England, $443,555 56
Sterling Bonds issued in 1858, 144,000 00
Bonds Endorsed by State of North Carolina, 203.500 00
Bills payable 27,046 75
Unpaid Dividends 6,044 50
Due on Pay Bolls , 8,102 95
•' " Negro Bonds 36,380 98
" " to sundry Individuals and Companies 24,816 23 893,446 97
profit and Loss account 881,294 07
$3,114,954 25
JAMES S. GREEN", Treasurer.
Road Company, for the year ending oOth Sept., 1859. Cr.
1859
Sept. 30.—Paid Current Expenses of Road this year $242,353 75
Decreased debt of Company '•' " 127,723 73
Interest and premium on Exchange paid this year. . . 67,906 64
Dividends No. 14 and 15 93,026 50
Amount paid for Bonds of the State of North Caroli-na,
purchased 19,902 50
Loss on State Bonds, sold 850 35
Balance sundry accounts carried to Profit and Loss,
by order 1,184 43
Company's proportion, cost 2d street Bridge, paid... 863 63—553,811 53
Amount of Bills Peceivable 2,070 75
" due from Post Office Department 36.450 00
" " " Agents 10,^55 24
" " " Companies and Individuals 12,865 26 62,24125
Cash in London to pay Interest 13,312 71
" " Raleigh " " " 586,97 13,899 68
" " Bank to purchase Bonds 949 92
" onhand 40,828 95
$671,731 33
JAMES S. GREEN, Treasurer.
32
KEPOET OF THE AUDITING COMMITTEE.
To the Stockholders of the W. & W. B. R. Co.,
Gentlemen :—We have made a thorough examination of the Treasurer's boots,
and stock ledger, and transportation account of your Company for the past year, and
take pleasure in reporting that, with the exception of a few very trifling errors, which
have been adjusted, we found all the entries correct, and accompanied by properly
authenticated vouchers.
The following statements will show the result of the Company's business for the
present year, as also its present condition :
RECEIPTS.
Amount received from through travel $144,630 75
" " way " 109,795 37
" " " freight 161,666 72
" " " transportation of mails, rents, &c 61,46191
$477,554 75
EXPENDITURES.
Cost of Transportation, including Repairs of Locomotives,
Coaches and Cars, iepot Expenses, and Loss and Damages. $150, 718 25
Rail Road repairs, including subistence and clothing, pay of
officers, and office expenses 91,635*50
Interest and Exchange 67, 906-
T64—$310,260 39
Nett profits of past year $167,294 36
LIABILITIES OP THE COMPANY ON THE 1ST OCTOBER, 1859.
Mortgage Bonds, payable in England $443,555 56
Si erling Bonds, issued in 1858 144,000 00
6 per cent. Bonds, endorsed by the State of North Carolina 203 500 00
Bills payable , 27,046 75
Balance due on Pay Rolls 8,102 95
" " " Dividends, Nos. 1 to 15, inclusive 6,044 50
" " " Negro Bonds, 1844 to 1859 " 36,380 98
" " sundry individuals 24,816 23
$893,446 97
CONDITION OP THE COMPANY ON THE 1ST OCTOBER, 1859.
Capital Ftock paid in $1,340,213 21
Liabilities of the Company ,. 893.446 97
Balance of profits to date, after paying interest on indebtedness 881,294 07
$3,114,954 25
Cost of Construction, re-construction and Real Estate $2,855,473 41
Cost of 12 negro slaves 13,750 00
29 shares of i ompany's stock purchased, and balance due
on forfeited stock 3,8*0 00
Wilmington and Manchester Rail Road Stock 100,000 00
Washington and New Orleans Telegraph stock 3,150 00
Bonds of State of North Carolina, (par value $20,000) . .
.
19,902 50
Bills Receivable 2,070 75
Amount due from Post Office Department for mail service 36,450 00
Amount due Irom Agents. . , 10,855 24
" " " Companies and Individuals 12,865 26
Counterfeit and uncurrent money 908 54
Cash in London to pay interest 13,312 71
Cash in Raleigh to pay interest 586 97
Cash in Bank to purchase State Bonds 949 92
Cash in hands of Treasurer 40,828 95—$3,114,954 25
All of which is very respectfully submitted,
P.' MURPHY, [ Auditing Committee.
D. MacRAE. )
Wilmington, N. C, 5th Nov., 1859.
ADDENDUM.
Proceedings of a Special Meeting of the Stockholders of the
Wilmington and Weldon Bail Road Company, held at Wil-mington,
N. 0., 19th May, 1859.
Wilmington, N. C., May 19 th, 1859.
A Special Meeting of the Stockholders of the Wilmington
and Weldon Eail Eoad Company was held this day at the
Court House, in the town of Wilmington, in pursuance of a
call made by the President and Directors of said Company,
by the following Resolution, adopted on the 26th day of March,
last,—that is to say :
Resolved, That a Special Meeting of the Stockholders of
this Company be called, to be held at the town of Wilmington,
on the 19th day of May next, for the purpose of considering
and deciding whether a Branch of the Eoad of this Company
shall be constructed from some point on the line of the Eoad
of this Company, between Rocky Mount and Joyner's, to a
point on the East side of Taw Eiver, in the county of Edge-combe,
at or near the county road leading from Tawboro' to
Greenwood, and that due notice of the time and place of said
meeting be given by the Secretary and Treasurer by adver-tisement
in the Ealeigh Standard and Register, Tarboro'
Southerner, and Wilmington Journal and Herald.
It appearing that notice of the time, place, and the purpose
of this meeting has been given, as required by said resolution,
by advertisement made in the papers above referred to in the
said resolution, from the first day of April to this day, the
meeting was organized by the appointment of Owen E. Kenan,
of the county of Duplin, as Chairman, and Patrick Murphy
and Stephen D. Wallace as Secretaries.
The Secretaries, with Wm. A. Wright, were constituted a
Committee to examine proxies and ascertain the amount of
34
the Stock of tlie Company which is represented at this meet-ing,
who reported that 9,981 shares of the Capital Stock of
this Company were duly represented—4,075 in person, and
5,906 by proxy.
A majority of the Stock of the Company being represented,
the Chairman declared that the meeting was duly organized.
The following resolutions were offered by Wm. A. Wright,
and amended by A. J. DeRosset
:
Resolved, That a branch to the main road of this Company
be constructed from such point on such main road, between
Rocky Mount Station and one mile and a half South of the
same, which may be determined by the President and Directors
of this Company, along the most practicable route, and passing
within a half mile of the northern limits of the town of Taw-boro',
and thence in a northeastwardly course crossing Tar
River near the Kedmond Barn, and terminating at or near
the county road leading from Tawboro' to Greenwood, at a
point between the residences of Wm. L. Petway and William
Braswell ; Provided, that the total costs of constructing said
Branch Road, including land damages and all expenses, shall
not exceed the sum of one hundred and forty thousand dollars.
Eesolved, That for the purpose of raising the means neces-sary
for the construction of the Branch Road aforesaid, books
of subscription to the Capital Stock of this Company, to be
applied exclusively to the construction of said Branch Boad,
shall be opened at Tawboro', Rocky Mount, Greenwood,
Wilmington, and such other places as the President and Di-rectors
may direct, under the supervision of such Commission-ers
as the President and Directors of this Company may
designate ; and the stock so to be subscribed for shall be pay-able
at such times and in such installments as the President
and Directors shall determine.
Resolved, That the President and Directors of this Compa-ny
shall not commence the construction of the Branch Road
aforesaid, until the sum of $100,000 shall have been subscribed
on the books to be opened as aforesaid, by solvent and res-ponsible
persons ; and anj^ excess of the cost of constructing
said Branch Road beyond. $100,000, may be provided for by
the issue of six per cent, bonds of this Company, to be secured
by a pledge of the earnings of said Branch, and convertible
at the pleasure of the holder into the Stock of this Company,
or otherwise, as the President and Directors of this Company
35
may deem "best ; and the subscribers to such stock shall not
participate in any dividend of the profits of this Company
until such Branch Koad is entirely completed, and in full
operation.
The foregoing Kesolutions, as amended, were adopted by
the following vote, viz : 6,808 in the affirmative, and 714 in
the negative.
OWEN K. KENAN, Chairman.
Patrick Murphy,
S. D. Wallace,
Secretaries.
UNIVERSITY OF N.C. AT CHAPEL HILL
00034043758
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