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<*3SS.I W"18s PROCEEDINGS STOCKHOLDEKS .'V'lCV'i tf on & Slclkn 1; 1. TWENTY-THIRD ANNUAL MEETING, > if WILMINGTON, NORTH CAROLINA, <g| NOVEMBER 11TH 1858 REPORTS OF THE PRESIDENT AND DIRECTORS, ENGINEER AND SUPERINTENDENT. WILMINGTON, N. 0. V i: L T O N & TRICE, S T E A JI PRINTERS. 1S58. Q fEfje librarp of tf)C Cntsotocfc tip W&Z dialectic anb <Pi)iIantf)ro|m H>octetteg W7g:.-?, PROCEEDINGS STOCKHOLDERS Wlmington # Witlhn §L jL (Sk, TWENTY-THIRD ANNUAL MEETING-, WILMINGTON, NORTH CAROLTNA, NOVEMBER 11TH 1858 WITH THE REPORTS OF THE PRESIDENT AND DIRECTORS, ENGINEER AND SUPERINTENDENT. WILMINGTON, N. 0. FULTON A PRICE, STEAM PRINTERS. 1858. Digitized by the Internet Archive in 2011 with funding from Ensuring Democracy through Digital Access* (NC-LSTA) http://www.archive.org/details/annualreportsofp1858wilm OFFICERS FOR 1858>'9 ADMINISTRATIVE OFFICERS. . PRESIDENT : Hon. WM. S. ASHE. BOARD OP DIRECTORS ON THE PART OF INDIVIDUAL STOCKHOLDERS '. P. K. Dickinson, A. J. DeRossett, Jr., J. D. Bellamy, E. P. Hall, Gilbert Potter, W. C. Bettencourt, W. W. Peirce. on the part of the state : L. H. B. Whitaker, Wm. A. Wright, W. K. Lane. James S. Green, Secretary and Treasurer. S. D. Wallace, Assistant Sec'y & Gen'l Ticket Agent. executive officers: S. L. Fremont, Engineer and Superintendent. Jas. G. Green, Depot Agent and Yard Master* J. W. Thompson, Gen'l Freight & Transportation Agent. , Francis McMillan, Master Machinist. John Crone, Boad Master. LIST OF STOCKHOLDERS. NAMES. Alex. Anderson, Est., A Lazarus Administrator, Alex. Anderson, Est.,. . . Sophia Andres, Anderson & Goodrich, . . . Mary Andres, T. J. Armstrong; Mary Allen, John Arlington,. ........ Army L. Ashe,. . Henry Aaron, Eugenia Albia, Wm. S. Ashe, E. H. Austin, Christian Eels, Jas. A. Brad-ley, Trustee, Lucy A. Jewett, C. W. Brad ley, Trustee, C. W. Bradley, .' Richard Bradley, Eliza 0. Bradley, Willie Bradley," W. W. Brickell , S. W. Branch,.. W. S. Baker, David G-. Baker, W. S. Ba-ker, Trustee, Dan'l B. .Baker, Polly Pitt,W. 8. Baker,Trust. John E. Baker, Jesse Baker, Wm. S. Baker, Trustee, Eldney Baker, Robt. W. Brown, Est., John P. Brown, Mary Ann Brown,. Margaret Brown, H. F. Bond, .James Bond,. Hugh B. Bryant, Nancy Bryant,. RESIDENCE. NO. OP SHAKES. Wilmington, cc Westbrook's, Norfolk, Va., Westbrook's, Wilmington, cc Nashville, Chapel Hill, Halifax, Hillsboro', Wilmington, Wilmington, a cc Savannah, Geo., Wilmington, Tawboro', Halifax, CC Tawboro', cc Wilmington, New York, Littleton Dep.,R.&G.R.R, Wilmington, Raleigh, Tawboro', ~i LIST OF STOCKHOLDERS—CONTINUED. NAMES. RESIDENCE. Tawboro' Pittsboro', Wilmington, Halifax County, P. A. E. Bryant, Joseph Bryant, Elias Bryan, John D. Bellamy, John T. Bellamy, Daniel Bowden, . jBowden's, B. Blossom & Son, ! |Wilmington, Win. H. Beatty, jFayetteville, Jas. W. Batchelor, lEnfield, L. W. Batchelor, Eobt. Bridges, jTawboro', Jas. J. Biggs JRaleigh, Wm. S. Battle, IRocky Mount. William H. Battle, jChapel Hill, Mary P. Battle, " Mary E. Battle, jRocky Mount, Martha A. Battle, [Raleigh, Penelope B. Battle, Rocky Mount, Margaret Batts, Joyner's, • Thomas Gr. Broughton, Norfolk, Va., Caleb Bonsai, " " A. Braswell, -'Rocky Mount, William T. Braswell, | Maria A. Borden,. 'Groldsboro', John E. Becton " William C. Bettencourt, Wilmington, David Barlow, jTawboro', Jacob S. Barnes, j William Barnes, Jr., j Burket Barnes, " Edwin Barnes, I " Joshua K. Bullock, ! D. W.Bullock, C. W. Bizzell, Everittsville. E. C. Boddie, Nashville, A. Bilisoly, Portsmouth, Va., Henry Buff, INorfolk, Thomas A. Bain, Portsmouth, H. C. Bell, Overton Bernard,.. .... George Blow, , Joseph Bourke, Norfolk, I NO. OP '5HABES. 3 20 52 18 1 10 10 1 3 2 5 40 28 5 35 34 35 1 1 5 5 5 5 21 10 2o O 1 2 5 10 1, 5 3 1 1 1 1 12 1 LIST OF STOCKHOLDERS—CONTINUED. NAMES. KESIDENCE. NO. OF SHAKES John Barfield, Est., Turner Bynum, Nathan Brogden, John Beaven, . . . Samuel A. Baker, Est.,.. . . Joseph A. Bilisoly, . Julia A. Bunting, , Turner W. Battle, , M. C. Coffield, S. W. Coffield, , M. K. Crawford, , J. C. Crawford, Jr., , Ann E. Crawford, Silas Cox, Sanders Cox, , Micajah Cox, Calvin L. Cole, A. S. Cotten, Ann J. Cumin ings,. ........ W. J. Cromartie, Wm. K. Cromartie, Luther Cromartie, Ann Cromartie, Peter Cromartie, Thomas Cowan, Thomas M. Crowell, John W. Cotten, Cocke & Bro., Charles L. Cocke, John Cocke, » Cocke & Hatton, Marv Cruse, H. T. Clarke, Mordecai Cooke, Esther Coxeter, James Cassidey, Lott Croom, Wm. Carraway, Guardian,.. William Carraway, E. H. Chainberlaine, James Carr, L. R. Cherry, Goldsboro', Wilson, Goldsboro', Enfield, Wilmington, Portsmouth, Va., Rocky Mount, Halifax, Goldsboro', Westbrooks, , Bladen Co.. Gravelly Hill, Wilmington, Halifax, Tawboro'j Portsmouth, Va., Wilmington, Tawboro', Norfolk, Va., Wilmington, South Washington, Dudley's Depot, u a Norfolk, Va., Kenansville, Enfield, LIST OF STOCKHOLDERS—CONTINUED. NAMES. RESIDENCE. NO. OP SHARES. William Crook, .Wilmington, G. W. Collier, . . Goldsboro', William D.Cobb,. .-......, John Coley, Unknown, William S. Camp, ......... ; L. M. Conyers, " Blount Cooper, Edw. B. Dudley, Est,,. .... Wilmington, Jane A. Dudley, C.H. Dudley, P. K. Dickinson, j A. J. DeBosset, A. J. DeBosset, Jr., ; John H. Daniel, Halifax, Zylpha Daniel, ; '' Wm. A. Daniel, Guardian, . \ u Wm. A. Daniel, Guardian Jas. J. Daniel, " Wm. A. Daniel, Guardian i Sallie Daniel, | " John S. Dancy, ;Tawboro', John C. Devane, .... ..... Harreli's Store, William T. Dortch, ;Goldsboro', Thomas C. Dixon, [Norfolk, Va., William F. Dancy, ........ Goldsboro', Bichmond Dozier, Tawboro', B. B. Drane, Wilmington, B. Daughtry, jBocky Mount, Margaret W. Davis., DePeyster & Goodhue, Gdn's DePeyster & Goodhue, Trus-tees, DeBosset & Brown, Justice G. Daniel, John Dawson, W.W.Daniel, Jr., Robert Edens, Est., Sarah Edens, CD. Ellis, Jno. G. Elliott,.. John Everett, James Ellinor, Halifax, New York, Wilmington. Halifax, Wilmington, Unknown, Wilmington, Faison's, Goldsboro', Bocky Mount, 10 10 30 3 2 2 1 11 83 45 100 25 98 1 1 10 10 10 2 5 25 1 5 5 25 3 5 15 96 16 1 6 2 20 5 25 3 20 LIST OF STOCKHOLDERS—CONTINUED. NAMES. Arthur Emmerson, Adm'r. A. Emmerson, deceased, . . Benjarain Edmunds, Bond English, William E. Eure, William B. Edmondsoii,. . . Edmondson & Borden, ..... William T. Ellinor, Arthur Emmerson, George R. French,. . . Daniel Fergus, Samuel Frink, Lorenzo Frink, Samuel F. Frink, Owen Fennel, John M. Fennell, D. K. Futch, Ferguson & Milhado, Michael Ferral, Elias Faison, M. J. Faison, Trustee M. A. Dougald, M. J. Faison, Trustee E. L. Faison, F. J. Faison, Abner M. Faison, William A. Faison, Matthew J. Faison, Wm. A. Faison, Guard. S. E., Wm. J. and Ann M. 0. Rhodes, Walter Farmer, Moses Farmer, Samuel B. Farmer, Gerusha Farmer, L. D. Farmer, Joseph H. Flanner, Bennett Flanner, O. L. Fillyaw, Benjamin H. Field, S. L. Fremont, B. C. Gillett, Est., KESIDENCE. Portsmouth, Va., Enfield, Wilmington, Halifax, Goldsboro', cc Rocky Mount, Portsmouth^ Va., Wilmington, Barren's Store, (( cc Wilmington, Norfolk, Va., Halifax, Faison's, Clinton, Warsaw, cc cc Clinton, Warsaw, Wilson, Wilmington, New York, Wilmington, NO. OP SHARES 9 LIST OF STOCKHOLDERS—CONTINUED. NAMES. Samuel P. Gause, John R. Gary, George G. Gary, George W. Gary, R. B. Gary, , Joseph M. Gillespie, John B. Griswold, William B. Giles, Walter Gwynn, John Greer, J. D. Gardner, David Godwin, Est., Susan H. Green, R. J. Gregory, Elisha Gamage, Chauncey W. Graham, .... Edward P. Hall, Eli W. Hall, Willis Hall, Est., William Hunter, Guardian, William Hunter, Benjamin Hunter, Thomas C. Hunter, Henry Hunter, Hodges & Baker, Joel Hines, B. L. Hoskins, Theo. Huggins, Est., M. P. Harriss, William W. Harriss, George Harriss, A. C. Harriss, Richard J. Harriss,, H. H. Hardy, Guardian Wil-lie R. Hill, Lewis Haile, N. M. Hill, F. J.Hill,... William L. Hill, C. D. Hill, William E. Hill, Sarah J. Hill KESIDENCE. Wilmington, Weldon, Kenansville, Goldsboro', Savannah, Ga., Columbia, S. C, Kenansville, Wilmington, Smithville, Goldsboro', cc Norfolk, Va. ; Kenansville, Wilmington, Halifax, Norfolk, Va., Marlboro', Battleboro', Wilmington, Enfield, u Unknown, Halifax County, Wilmington, Warsaw, NO. OF SHAKES. ~T l i 3 1 2 3 17 35 1 5 15 2 3 5 4 180 5 160 18 19 32 13 V 6 1 5 5 12 10 3 2 14 12 2 25 30 30 10 10 5 10 LIST OF STOCKHOLDER—CONTINUED. NAMES. Josh. L. Horner, Jos. E. Hatch, Margaret J. Halliday, ...... Hardy & Bros., Henry H. Hodges, Hathaway & Peckham, Britton Hood, Catharine Hood, John K. Hood,. ........... Eliza Holloman, F. H. Hooks, John J. Hooks, ...... N. T. Harriss, Richard Hines, Est., Jane F. Haywood,. J. & J. L. Hathaway & Co., Spencer L. Hart, Benjamin J. Hart, Almon Hart, William L. Hart, Ellen Hart, Ann Maria Hooks, William M. Hansley, Thomas Hollowell, T. T. Hollowell, Julia A. Hooker, O. Hooker,. Roscoe Hooker, John B. Hussey, ..=,,.,.... James H. Hicks, Hyatt, McBurney & Co., Benjamin Hurdle, David C. Howard, Albert R. Hicks, Eliza B. Hill, F. J. Hill, Jr. .v Richard B.Hill, Wm. Hill, Guardian Thomas Hill,... Win. Hill, Guardian Eliza Hill, Wm. Hill RESIDENCE. Halifax, Goldsboro', Halifax, Norfolk, Va., Faison's, Wilmington, Goldsboro', Westbrooks, Bladen Co., Raleigh, Wilmington, Tawboro', cc Wilmington, Goldsboro', cc Hillsboro', cc Louisburg, Kenansville, Faison's, Charleston^ Smithfield, Tawboro', Faison's, Wilmingtonj S. C. Ringwoocl, NO. OP SHARES. 11 LIST OF STOCKHOLDERS—CONTINUED. NAMES. RESIDENCE. NO. OF SHAEES. Henry N. Howard, James W. Johnston,. . . . James H. Johnston, Benj. Johnston, . . Isaac James, Willie W. Jones, Maria Jones, Frances Jones, Alfred Joyner, Moses Joyner, Wm. D. Joyner, Joab Jenkins, Samuel P. Jenkins, ..... Charles H. Jenkins,.... James F. Jenkins,.. ..... Richard B. Jewett, R. W. Johnston, Estate. Henry Joyner, James Kerr, Benj. F. Knight, Jesse 0. Knight, Thomas Kennedy, iG-oldsboro' C, W. Killebrew, Tawboro', a. W. Killebrew, William T. Kirby, E. V. Kelley, Daniel Kornegay, John Kennedy,. ........ Cofneld King, Thomas J. Kinnear, Ladies Benevolent Society. Ellen Lazarus, Aaron M. Lamb, Julia Lazarus, Maria C. Lazarus,. . . ... R. A. Lazarus, Gershon Lazarus, Levin Lane^ 'William K. Lane, Joshua L. Lyon, John J. Lane, Matthew Lawton, Tawboro', Norfolk, Va., Ringwood, Littleton Depot, Wilmington, Tawboro', Wilmington, Tawboro', Wilmington, Harrell's Store, Tawboro', Clinton, Wilmington, G-oldsboro'^ u Tawboro', Kenansville, Wilmington, Raleish, Charleston, S. C. Wilmington, Goldsboro', Enfield, Tawboro', Wilmington, 5 1 5 9 1 1 5 9 1 2 10 1 5 1 6 1 40 1 5 5 5 15 1 1 9 3 15 10 5 2 12 32 5 39 32 32 32 49 49 6 1 10 12 LIST OF STOCKHOLDERS—CONTINUED. NAMES. Joseph Lawton,.. . . William C. Lord, Haynes Lord, Edward Love., Lucy S. Lewis, . . Jolm W. Lewis,. , Josiah Lawrence, Z. Latiiner, W. W. Lamb, M. London, John D. Love, Samuel Langdon,. K. H. Lewis,. Thomas D. Lawrence, James H. Lawrence, N. M. Long, John A. Green, Est., F. S.'Marshal, C.B.Miller, J. S. Murphy, Patrick Murphy, Catharine G. Meares, Ex's Gaston Meares, ,...., William B. Meares, , Alexander Mclver, Est, Charles W. Murphy, , Hanson F. Murphy, John H. Murphy, Arthur Morgan, John B. Mercer, Evancler Mclver, . Colin McKae, Donald McRae, John C. McRae, Archibald McRae, ; Alexander McRae,. Henry McRae, , John McRae,. Caroline McRae,. Robert M. McRacken, Henry Martindale, B. F. Moore, EESIDENCE. Wilmington, Sew York, Florida, Tawboro', a Wilmington, Tawboro', Wilmington, Smithville, Tawboro', Weldon, Wilmington, Taylor's Bridge, Wilmington, New York, Wilmington, Carthage, Moore's Creek, Teachey's, Long Creek, Tawboro', Carthage, Rockfish, Cumberland co. Wilmington, NO. OF SHAEES. Whiteville, Wilmington, Raleigh, 13 LIST OF STOCKHOLDERS—CONTINUED. NAMES. RESIDENCE. NO. OP SHARES. Ellen T. Moore, . A. L. Moore, James P. Moore,. George J. Moore, Joseph Marble,. John R. Manly, Raleigh, Moore's Creek, Wilmington, Raleigh, Myer Myers,. ."'.' ....... jNorfolk, Va., Barbara McKinnie, ., = ..... jGoldsboro', A. B. McCaleb, P. McDowell, . . . lElizabethtown, T. D. McDowell,....,. j John A. McDowell,.. Thomas N. Mercer, Tawboro'. John Mercer, William F. Mercer,. .... D. V.Mercer, I John McMillan, Jr.,. .... . . jElizabethtown, Jemima Middleton, jWarsaw, R. M. Middleton, ......... ;Kenansville, David McDaniel, , jRocky Mount, Thomas Mayo, |Tawboro', Thomas L. Maner, ..... Battleboro', N. H. Murphy,. . . . ... Moore's Creek, Wilmington, ;Halifax, iTawboro', M. C. Nixon N. N. Nixon, Henry Nutt, Isaac Northrop, . . Elijah K. Neville, John Norfleet, Robert Norfleet, I Charles E. Neale, " Jesse P. Neville, | " James Owen, jWilmington, J. C. Oates, jWarsaw, Thomas Ousby, (Halifax, William C. Ousby, j " James L. Ousby, : Willie M. Person, Henry Pope, Rosa Pope, K C. Pope, Elijah Pope, Goldsboro', u Rocky Mount, a (c 1 1 1 1 10 1 5 5 4 10 10 5 1 10 1 1 10 2 2 1 5 5 oO 20 60 50 20 1 1 10 2 6 10 1 6 1 1 5 2 2 1 2 14 LIST OF STOCKHOLDERS-CONTINUED. NAMES. Wilmington, a Weldon, Wilmington, Apalachicola, Fla. Tawboro'. George P. Pope, Rocky Mount, Bennett P. Pitt,. Tawboro', Joab P. Pitt, William Pitt, Moses Pitt, John W. Pitt, John Proctor, Thomas R. Purnell, Estate, E. A. Purnell, M. T. Ponton, Gilbert Potter, Rosa Ann Pittman, 0. P. Pittman, ' B. T. Pittman, Mary A. S. Pittman, R. G. Pittman, ....... .... W. D. Pittman, M. B. Pittman, ... John B. Prentice, Wilmington, Joseph J. W. Powell, Tawboro', Isaac Powell, Whiteville. Jesse Powell, Tarboro', Eaton P. Powell, James P. Porter, Mary Pender, Margaret Pender, ...... George W. Powell, Roderick Pullen, ....... Joseph J. B. Pender,. ...... Tawboro' William D. Pettway,. . . Mark K. Pettway, Joseph J. Philips, Jere Pear sail, Guardian, Kenansville. Hosea Pickett, Estate,.. . . Lawrence Peacock, (Wilmington, R. B. Peirce, Halifax, W. W. Peirce, Wilmington, 0. G. Parsley, .....| W. W. Parker, Rocky Mount, Catharine Robinson, ! Purdie Richardson, jWadesboro', Henry B. Reardon, jNorfolk, Va., RESIDENCE. 15 LIST OF STOCKHOLDERS—CONTINUED. NAMES. T. R. Reardon, , William D. Roberts, , James M. Redmond, Robert Ricks, Elias F. Shaw, Marsden J. Smith, . Moses Smith, Peter Smith, Sophia L. Smith, Samuel Smith, Sylvester Smith, A.L. Smith, Etheldred Smith, D. D. Sloan, David Sloan, Abner Speight, John F. Speight, H. R. Savage, H. R. Savage, Trustee, David Southerland, N. Sandlin, Isaac Sessums, John Swann, . , Richard Sanders, Estate, Jordan Strickland, Robert Soutter & Son, John J. Sharpe, William G-. Sharpe, Eliza St. George, Alfred W. Simmons, Baker Staton, Margaret Sugg, Redding S. Sugg, Pheasonton S. Sugg, Josiah P. Sugg, Lucy Sugg, Eliza Sugg, William Sugg, Peter C. F. Sugg, Annie S. Sugg, State of North Carolina, D. W. j Courts, Treasurer, . . . KESIDENCE. Norfolk, Va., cc Tawboro', a Norfolk, Va., Scotland Neck, Wilmington, Fayetteville, G-oldsboro', Raleigh, Tawboro', G-oldsboro', Kenansville., Magnolia, Speight's Bridge, Wilmington, « Kenansville, a Tawboro', Wilmington, Norfolk, Va,., Joyner's Depot, Wilmington, Halifax, Tawboro', NO. OP SHAKES. Raleigh, 1 1 20 5 3 12 5 5 5 10 5 5 2 4 5 5 2 10 100 5 10 10 60 13 1 10 1 1 2 1 25 2 1 1 1 1 1 1 1 1 4,000 16 LIST OF STOCKHOLDERS—CONTINUED. NAMES. Bicliard H. Smith, John E. Tunis, BobertE, Troy, . Nicholas Tally, Samuel 0. Tally,. . "Wm. H. Tally, Lewis H. Taws, John A. Taylor, Tazewell Taylor, John Talbot, Thomas Tillery, John J. Tharpe, Elijah Taylor, Zadock Thomson,. . « Wm. Thompson, Trustee, F. & A. S." Thomson, Drury Thompson,. ........ Henry A. Taylor, .....*.... Benjamin B. Taylor, Josiah J. Vick, Margaret Vick, J. Vick, A. A. Wanet, Wilmington & Manchester B. B. Co., L. H. B. Whitaker, M. T. Whitaker,.... L. H. Whitaker, B. F. Whitaker, James H. Whitaker, William Whitaker, John Wright, Bachel Wright, . . Wm. Wright, Thomas H. Wright, William A. Wright, Joshua Gr. Wright, John C. Washington, John N. Washington, Washington & Wright, Jr., Bichard Washington, John Wooster, Unknown, Norfolk, Va., Lumberton, Columbia, S. C, EESIDENCE. Philadelphia, Pa., Wilmington, Norfolk, Va., a u Halifax, • Tawboro', Jacksonville, Goldsboro', Rocky Mount, Wilmington, ft Enfield, u a u Goldsboro', Wilmington, Kinston, Newbern, Goldsboro', Wilmington, NO. OP SHAEES. 5 5 4 9 5 4 2 6 5 1 5 5 5 1 5 32 1 1 1 1 1 20 2,050 104 1 2 5 2 2 <5 106 65 35 119J 60 5 120 9 17 LIST OF STOCKHOLDEBS—CONTINUED. NAMES. John Watson, Guardian W. S. Wilkings, Estate,. Gr. W. Woodbury,. James S. Whitfield,. C. Wooten, David Williams,], Maria Ann Ward, Howard Wiswal ., ....... B.F.Williams,. James A. Washington,. . W.N. Whitted, .'. John W. S. West....... H. A. C. Walker........ S. E.Walker, Carey Whitaker, ....... Bobert Whitaker, C. N.Webb, Stephen Woodward, Bichard B, Wingate, . . . Joshua Watson, Samuel P. Watters, Sarah A. Watters, Joel Wells, John Wilkinson, James K. Walker RESIDENCE. NO. OF SHARES. Littleton Depot, 5 Wilmington, 10 cc 5 G-oldsboro', 5 K 5 Stantonsburg, 10 Dudley Depot, 20 Washington, 3 Kenansville, 33 Kinston, 10 Prospect Hall, 20 G-oldsboro', 10 Wilmington, 10 « 10 Enfield, 2 cc . 2 Halifax, 1 Black Creek, 5 . 1 Nashville, 5 Wilmington, 15 cc 15 cc 16 cc 13 cc 2 PROCEEDINGS OF THE TWENTY-THIRD ANNUAL MEETING OF THE STOCKHOLDERS OF THE W. & W. R. R, CO., HELD ON THE llTH DAY OF NOVEMBER, 1858. In accordance with, the By-Laws of the Company and pur-suant to published notices, the Stockholders of the Wilmington and Weldon Rail Road Company convened at the Court House, in Wilmington, at 10 o'clock, A. M., on Thursday, the 11th day of November, 1858, when the following proceed-ings were had : The meeting was called to order by the appointment of Owen R. Kenan, Esq., of Duplin County, as Chairman, and Messrs. John N. Washington, of Newberne, and Patrick Mur-phy, of Sampson County, as Secretaries. Wm. A. Wright, Esq., with the Secretaries, were appointed a Committee to ascertain the number of shares of the Capital Stock represented. The Committee reported that 10,234 shares were represent-ed, viz : 2,226 in person, and 8,008 by proxy, (including the State of North Carolina, represented by Owen R. Kenan, Esq.,) whereupon the Convention was declared to be duly organized. The President of the Company, Hon. Wm. S. Ashe, then submitted to the Convention the Report of the President and Directors, together with that of the Engineer and Superinten-dent, also the financial statements of the Treasurer and Audi-ting Committee. On motion, the Report of the President and Directors was received and laid upon the table. On motion of J. N. Washington, Esq., so much of the Report of the President and Directors as recommends the pur- 20 chase of a portion of the stock in the Seaboard and Eoanoke Kail Road Company, or the construction of a Branch of this Road in the direction of Suffolk in Virginia, was referred to a Committee of seven, to he appointed by the Chair, with in-structions to report to-morrow morning. The Convention then adjourned to meet at half past two o'clock, P. M. 21 o'clock, P. M., Nov. 11th, 1858. The Convention re-assembled pursuant to adjournment. On motion of Win. A. Wright, Esq., the motion referring the subject of purchasing stock in the Seaboard and Roanoke Rail Road Company to a Committee, was re-considered; and, after an animated discussion of the subject, the following reso-lutions, submitted by Patrick Murphy, Esq., were adopted by a large majority of-the stock represented : Resolved, That the President and Directors of the Wilming-ton and Weldon Rail Road Company be authorized to pur-chase a controlling interest in the Seaboard and Roanoke Rail Road Company; Provided, such purchase, in their opinion, would be conducive to the interests of this Company ; and that they be instructed to apply to the Legislatures of North Carolina and Virginia for such additional legislation as they may deem necessary to secure this object. Resolved further, That if they shall think it more to the interests of this Company to construct a Branch of this Road from some point near Enfield to Suffolk in Virginia, that they be instructed to take the necessary steps to secure the con-struction of the same. Resolved, That in as much as the Rail Roads South of this, as well as those North, are interested in this matter, the said Board of Directors be instructed to confer with them and solicit their co-operation. On motion, the Convention then proceeded to the election of officers. After counting the ballots in each case, the follow-ing gentlemen were declared duly elected : Hon. Wm. S. Ashe, President ; Messrs. E. P. Hall, Gilbert Potter, P. K. Dickin-son, A. J. DeRosset, Jr., John D. Bellamy, W. W. Peirce, and Wm. C. Bettencourt, Directors on the part of the indi- 21 vidual Stockholders ; Messrs. L. H. B. Whitaker, of Halifax, W. K. Lane, of Wayne, and Win. A. Wright of Wilmington, having previously "been appointed Directors on the part of the State. Besolved, That S. L. Fremont, Esq., Engineer and Super-intendent, together with the Secretaries, be a Committee to superintend the publication of the proceedings of this Con-vention. Besolved, That Messrs. D. McKae, H. Baker and Patrick Murphy, be appointed Auditing Committee for the ensuing year. On motion, the thanks of the Convention were tendered to the President and Secretaries. The Convention then adjourned, to meet at Wilmington, on the second Thursday in November, 1859. OWEN R. KENAN, President J. N. "Washington, Patrick Murphy, Secretaries. REPORT OF THE PRESIDENT AND DIRECTORS. To the Stockholders of the Wilmington and Weldon Rail Road Company: Gentlemen:— - The President and Directors of the Wilmington and Wel-don Kail Road Company take pleasure in laying before the Stockholders, at their twenty-third Annual Meeting, the con-dition of their road. Corporate bodies, like physical, must feel occasional depres-sions; as atmospheric changes and convulsions affect the latter, so vicissitudes in the business of the country affect the former. The great monetary derangement of 1857, which extended its blasting influence throughout the commercial world, bore peculiarly hard on English and American Rails. Produce of every description was withheld from market, and it is well established, that in the proportion produce is so withheld, . travel is diminished and a general stagnation in business su-pervenes. Thus the prosperity of its Rails becomes a good and reliable fiscal barometer of a country. The work intrusted to our management passed through this trying season with great success. Our receipts from freight and way-travel fully at-test this fact. The gross receipts have been diminished, but the diminution has been, in the main, with our through travel, which is attributable to entirely different causes. The open-ing of new routes of travel, and the greatly reduced rates of fare on steamers between Southern Atlantic Cities and the North, drew from our line a large amount of the through, travel ; but, as the safety and expedition of the great Sea-board route is unequalled by any competing line, we may confidently calculate upon a return of this travel—and, indeed, it has already, in a good measure, returned. But it is a source of gratification, that notwithstanding the heavy falling off in this travel, all of our current expenses have been promptly met ;—our debt has been reduced, and a net surplus left in hand, which, authorized a distribution among the stockholders of a 6 per cent, dividend. In truth, by rigid economy, our profits have been as large as during any preceding year. The report of the Superintendent will show that this economy has been practiced without interfering in the least degree with those important road improvements, which have%been kept in steady progress for the last five years,—such as filling up trestle-work, the substituting of good rails in the place of those which had laminated, and the completion of good sta-tion and ware-houses, and other conveniences and necessary appliances and fixtures which we have heretofore greatly required. We refer you to the accompanying Eeport of the Engineer and Superintendent for a statement of the receipts and expenditures, and of the condition in detail of the Eoad . and its equipment. The road-way and all of its necessary furniture is at pres-ent in high order. Independent of the two principal causes assigned above for the diminution of receipts from through travel, there exists another that has proven to be beyond our control. We refer to the breaking up by the Virginia Com-panies of the through ticket from Wilmington to New York. The convenience of the traveling public should be a paramount consideration with all enterprises which depend upon travel for their support. More particularly should this consideration have had a controlling influence with all the Companies con-stituting the Atlantic line, at the very time when the opposite policy was adopted. The Virginia and Tennessee Koad, our great competing line, was on the eve of being completed ; the outside steamers had reduced the fare from Charleston and Savannah to New York from $25 to $15. On one side novels ty, if nothing else, drew a portion of the travel from us, while cheapness injured us on the other. These reasons should have made every connecting road more anxious to extend all possible facilites to the traveling public ;—but so far from this being the case, the very opposite policy was forced upon us by the Companies running from Weldon to Washington City. The evil still exists, and but one remedy presents itself for our adoption. We must put our Company in the possession of an independent outlet to the Chesapeake Bay and the Ocean. — Whenever this shall he done, connecting lines North will he dependent on us, and not we on any of them for the privilege of a through ticket. There are two modes by which this great desideratum can he obtained. One by the construction of a road 'from Enfield direct to Suffolk. The right to build this branch can readily be secured, and the people along the pro-posed line have evidenced a strong desire for its construction. We understand that a subscription could be easily obtained sufficient to pay for the grading, leaving the superstructure as the only expense which we would have to meet. An ex-jDerimental survey was ordered some time since by the Direc-tory ; but, in consequence of the absence of the President, it has not been executed. We have every reason to believe that the way-travel and freight would sustain the running of the road ; and if this should be so, its advantage to our company would be beyond calculation. At Suffolk, independent of be-ing placed immediately in connection with two rival lines to Norfolk, we would have the command of good steamboat nav-igation to any point on the Chesapeake Bay, or the Atlantic coast. Another plan has been agitated at our Board, which has been entertained with much favor, but on account of its importance in all its aspects, no definite action has been ta-ken, it being deemed best to refer the subject to the stockhol-ders for their consideration. This is the purchase of such an interest in the Seaboard and Koanoke Kailroad as will give our Company a controlling influence over its action. Such an interest is supposed to be now in the possession of an individual who is willing to sell it to us, provided we can agree on the terms and conditions ; and we are in possession of all such information in reference to the condition of this Company as you may desire to have, to enable you to decide upon the propriety and jDolicy of such a purchase. Since the last meeting of the Stockholders, our first En-glish debt (being bonds issued in 1838) has become due and we have succeeded in making an arrangement with the holders of these bonds, under which, by the payment of one-third in cash, we have obtainedn an extension of time upon the balance for fourteen additional years. To enable us to make this payment we authorized our Agent in New York to sell so many of the bonds of the State of North Carolina, (in which bonds we had invested our sinking fund,) as would realize $76,444 45, the sum necessary to be raised for the cash payment. This he did by selling the bonds at $95 ; the average price at which we purchased, being $94. — This payment reduces this debt to $146,222 22, and makes the whole amount of indebtedness on the 1st of October last, $944,726 25. A portion of this debt consists of the bonds of the Company endorsed by the State, amounting in the aggregate to $250,000, which are payable in equal install-ments, on 1st January 1859, 1860, 1861, 1862 and 1863.— These payments can be readily made, as they fall due, by with-holding a semi-annual dividend, thereby distributing among the Stockholders $46,000, instead of $92,000, for the ensuing five years ; or, if the State would renew its endorsement for a short jDeriod of time, say four, five, six or seven years, the debt could be easily paid without any interference with our seven per cent, dividend. The matter is respectfully submitted to the Stockholders for their determination. Our six per cent, bonds, issued in 1849, amounting to $443,555 56, will fall due in 1869. The legitimate accrues from our sinking fund will put the Company in full possession of means to meet this debt at maturity, as well as to liquidate the bonds endorsed by the State. We will then have four additional years to meet the debt of $148,444, which has just been extended. Thus at the expiration of fourteen years the Road will find itself relieved of debt, and that, too, after a regular annual distribution of seven per cent, dividends. The change in the character of the sinking fund was made by the Directors for the reason, that from the former plan of setting aside the proceeds of freight from the North Carolina' Road the amount to be invested was uncertain, and therefore unreliable. The substitution of the present plan in its place, to wit : the setting apart for that purpose of an annual amount equal to three per cent, on the capital stock of the company, affords bondholders a certainty that a sufficient sum will be set aside for the ultimate discharge of their debt, while it will justify the Directors in declaring, as they safely can, their usual seven per cent, dividend. A degree of confi-dence is thus inspired, which will prove to be, in all future times, the surest voucher of financial success. Respectfully submitted, W. S. ASHE, President. Wilmington, N. C, Nov. 11th, 1858. REPORT OF THE ENGINEER AND SUPERINTENDENT. Wilmington and Weldon Rail Road Company, ) Office Chief Engineer and Superintendent, V Wilmington, N. C, Oct. 1st, 1858. ) Hon. Wm. S. Ashe, President, &c.: Sir : —I have the honor to submit my Fourth Annual Re-port of the operations of the Road for the fiscal year termi-nating September 30, 1858. RECEIPTS AND EXPENDITURES. The earnings of the Road from the transportation of passengers, mails and freight, and the receipts from incidental sources have been as follows : Receipts from Through Passengers,. $136,857 61 " " Way " " . 96,529 75 " " Transportation Mails,. 48,600 00 Freight, 157,832 47 " " Incidental sources, .. . 6,763 47 Total earnings and receipts this year, $446,583 30 last year, 494,508 56 Decrease in receipts this" year,. . . . $47,925 26 The expenditures this year have been as follows : SALARIES. Amount paid to officers, $8,475 00 DEPARTMENT OF ROAD REPAIRS. Ordinary and extraordinary repairs of Track, $57,420 52 Repairs of Bridges and Trestles,. . . 5,500 00-$62,920 52 DEPARTMENT OF TRANSPORTATION. Repairs of Locomotives, $32,257 63 " " Passenger cars, 11,213 60 " " Freight " 2,053 06 Amount carried forward, $45,524 29 $71,395 52 2 Amount brought forward, $45,524 29 $71,395 52 Kepairs of Warehouses and Water Stations, 137 15 Train Expenses.—Including pay of Conductors, Engineers, &c, 30,887 77 Oil and Cotton Waste, 4,278 53 Fuel, 18,144 86 Station Expenses, . . 24,032 30 Half the expenses of Steam Ferry Boat, .... 2,345 95 New Locomotives and Tools for Shop, (including new Stationary Engine, $1,500,) 1,989 98 New Passenger Cars and Tools for Shops, (re-building three Cars,) . . 3,150 00 New Freight Cars, (5 Conductor's Cars,) 3,000 00-133,490 83 204,886 35 GENERAL EXPENSES. Subsistence and Clothing, 14,155 33 Loss and damage, 324 62 Miscellaneous expenses, 1,525 00 Office expenses* . ~ 250 00—16,254 95 Total cost of operating the Boad, $221,141 30 The following expenses for and on account of "construction" and " permanent improvements " which are included by the Treasurer in his statement of " current expenses," are charge-able to the following objects : TRESTLE FILLING—GRAVEL TRAINS. For hire oftwenty-five ne-groes, including cloth-ing, subsistence and medical attendance, at $190 each, (an aver- 3 i age,) $4,750 00 Cost ofEngineer, Conduc-tor, (and white hands two months in 1857,). 2,959 60 Cost of Fuel, Oil and Waste, 631 60 Kepairs of Engine and Cars, . . $350 00—$8,691 20 Cost of GJ-as Works complete, new Warehouse at Battleboro', Sheds and Tanks at Wood and Water Stations, $2,425 00-$ll5 116 20 Cost of filling new Wharf with ballast from ves-sels and with Dirt Train at Wilmington, $610 00 Timber for cribwork and bill of labor in con-structing the same,. . . 627 29—$l,237 29 Purchase of building stone for new bridge piers on the Koad, 290 00 Cost of Engine House at Weldon complete, . 540 00 Cost of building new piers at Eock-fish (exclusive of the cost of stone,) 751 08 Lumber in part for bridge at Bock-fish, „ 242 50 Iron for re-roofing N. E. Bridge,. . . $200 00— $3,260 81 Total due to construction and per-manent improvements this year,.. $14,377 07 There have been paid this year, on accounts of previous years, in excess of the debts due this year, . .. $10,000 00 Amount carried forward, $24,377 07 Amount brought forward, $24,377 07 Amount ofloss and damage due last year, now paid, 3,000 00 $21,311 07 Amount of operating expenses brought forward, 221,141 30 Total amount expended this year on all accounts . . $248,518 37 Total amount expended last year on all accounts . . 295,331 90 Reduction in expenses on all accounts this year, 46,813 53 It will be seen by comparing the tables of expen-ditures for the past and preceding years, that there has been a reduction in the cost of repairs of Locomotives, of $18,418 60 In the cost of repairs of Coaches and Cars, of. . . . 11^578 42 In the cost of Fuel, of. 4,336 05 In the cost of Oil and Waste, of. 1,183 ,33 Tlie floating -debt of the Company has been re-duced during the year, about 25,000 00 I estimate the amount of outstanding Bills at the close of the fiscal year, terminating September 30, 1857, on account of current working expenses, and for permanent improvements, for that and previous years, to be $20,000 00 And the amount due at the close of the present fiscal year on account of corresponding objects to be not more than 8,000 00 Making a difference in favor of the present year of $12,000 00 I have, however, only charged $10,000 to this excess for previous years. This will enable the Stockholders to see what the actual cost of operating their Eoad has been for the current fiscal year. RECAPITULATION. The gross receipts have been $446,583 30 Current working expenses 221,141 30 Nett earnings 225,442 00 Cost of construction and permanent improvements and debts of previous years paid this year 27,377 07 Nett receipts over all expenditures 198,064 93 Nett receipts last year over all expenditures. . . . 195,887 70 Showing an increase of nett receipts of, $2,177 23 Your attention, and that of the Board of Directors, is res-pectfully asked to the statement of the accounts given above. While the table of expenditures made out in the office of the Treasurer will show you the payments made during the fiscal year under the several heads, this analysis and division of the accounts will show you the actual cost of working the Road during the same period. REPAIRS OP ROADWAY. The Eoad Master is directly charged with supervising the repairs of Track and Bridges, under my direction. I have from time to time examined the Track and Bridges during the year, and given all needful directions for the em-ployment of mechanics and laborers, and for the purchase of materials for repairs, and I have now the pleasure of report-ing the whole roadway in good order. We have laid 75,000 new cross-ties, and about four miles of renewed rails this year. MACHINE FOR REPAIRING RAILS. In my last Annual Report I referred to this Machine, ex-plained the process of mending rails, and expressed a hope of its success. I can now say that my " expectations," as there-in stated, have been more than " realized." From Oct. 1st, 1857, we have had one, and since February, 1858, we have had two furnaces in operation, worked by five hands, who have been fully employed throughout the year in repairing laminated rails. There have been repaired during the year 1,405 rails, giving 23,097 feet of good iron, of which 4,044 feet were made new at a cost of about fifty-four cents for each foot renewed or about one dollar and thirty cents per rail. This year's ope-rations with this machine have been conducted under unfa-vorable circumstances in many respects, yet we have made such progress that our track has been greatly improved by the renewed rails, and I am confident the track can be main-tained in good order for the next two or three years, with these machines, and that the cost of repairing in future will be re-duced to less than one dollar a rail. When we recollect that each rail restored is worth nearly or quite as much as a new one, say $6 50, and that it is worth less than half that sum in its laminated state, you will see the economy in restoring them by this process. As regards the durability of the portions renewed, I am confident, from close observation, that it will considerably exceed that of the best new rail. It will require two more furnaces to keep the track in the high order of repair which I desire. I propose to add one more this year. I recommend the immediate re-rolling of one or two hun-dred tons of our old rails. Those that I would re-roll are too much worn to be repaired with economy. I see no necessity for any other outlay for rails for some years to come. BRIDGES AND TRESTLE WORK. The bridges are now, without exception, in good order. The trestle work has all been filled up South of the Neuse Hiver, with the exception of some small culverts that require masonry before filling. Only one train has been employed since January, which has been filling " Tossnot." Two seasons more, with proper energy in this branch of Improvement, will complete the filling. The work already done has reduced the cost of repairs to less than one-half of what it was in 1855. There is now about one and a half miles remaining to be filled, all of which is at present in good condition. During this year there have been 306,086 feet of new timber put into the trestle work that remains unfilled. — The Eoad Master and Master Carpenter of bridges have faith-fully performed their duties during the year. REPAIR SHOPS. The repairs of Locomotives and of Coaches and Cars are all done by the Company. We have completed one new Locomotive Engine since 1855, rebuilt three, and thoroughly repaired many. Only one new Passenger Car has been purchased since 1855, three have been rebuilt throughout, and many others repaired. Forty new Box Freight Cars have been constructed during the same period. We are now putting up a new Stationary Engine of thirty horse power, of superior workmanship, (built by Gage, War-ner & Whitney.) This Engine has been paid for in scrap iron during the year ; the boiler and fixtures have been con-structed in Company's shops. A Trip Hammer has also been paid for in the same way, and will soon be in operation. This machine will cause consider-able reduction in the Smith's force of assistants. The Engine was greatly needed. The old one was defi-cient in power to drive all the shops, which it is my design to do with the new one, thereby saving much in fuel ; saving also the cost of the separate Engine now in use at the Carpen-ter Shop, and enabling us to drive the entire machinery of the Eepair Shops by power, at any moment during working hours. This completes about all the improvements in Tools and Machinery that I think necessary to the efficiency of the Kepair Dapartment. The whole cost from the beginning has been about $10,000, and it is money well expended, if "a dol-lar saved is worth a dollar earned." Note.—There has been sold this year of old material, no longer wanted by the Com-pany, the following articles : 1.—November, 1857, 2 second hand Lathes $260 00 2—January, 1858, oldRails '. 48 60* 5.—April, " Scrap Iron. (Wrought,) 659 79* 7— " " Old Car Wheels, 528 44* 3—January. " Scrap Iron, (Wrought,) 399 81* 4—February 18, " '• " " 323 38* 8.—September, " " " " 80 00* 6—April 10. " Coal (to Wilmington & Manchester R. E.,) . . 151 50 I—ncidental sales and work done and credited to Road, 375 60 $2,827 12 * The items marked thus (*) are not credited to Bail Road by Treasurer, but carried to " profit and loss account," while the tools and new wheels exchanged for this old material are charged to operating expenses. - To the Master Mechanic and Master Carpenter my thanks are due, for the prompt manner in which they have carried out the directions they have received from time to time, and for their general efficiency and zeal in the service. DEPARTMENT OF TRANSPORTATION. We have carried over the Koad this year only 28,704 through passengers; and 59,312 way passengers, an average of 244 per day. The aggregate mileage made by all our trains is 296,999 miles. The expenditures this year, divided by this mileage, gives 83 cents and 6 mills per mile as the cost of running our trains. No serious accident has happened to any train, passenger or freight, during the year, and out of one thousand three hundred and fifty-six trips run by passenger trains only nine failures, to connect regularly at either end of the Road, have oc-curred. It is believed that our trains have, during the past year, run with more regularity and uniformity of speed, certainty of connection, and safety topersons 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 our passenger trains has been injured during the year. What policy in the management has tended (under the bless-ing of God) to produce this result ? In my opinion it is that of putting our track and machinery in the best working order, and maintaining it so ; and in employing none but competent Engineers and Conductors, at rates of compensation that will command the best services. It has been thought too much money was expended to attain this order of excellence. I trust, however, the result of the past year's operations will be a sufficient explanation on the part of your administration for what has been considered large expenditures of previous years. To the Conductors and Engineers of our trains, my thanks are due for their faithful services, and the general good order of the machinery in their charge. Most of the loss in receipts has been due to the breaking up of the former through, ticket system that had worked so satisfactorily to the public for a number of years. The Eichmond and Petersburg Kail Koad Company an-nounced its determination* in April or May last to break up the then existing system, unless that Company should be al-lowed more than its per mile proportion, while the Companies between New York and Philadelphia refused to agree to any ticket not based upon the per mile. pro-rata principle. In consequence of the absolute impossibility of reconciling these differences, and others of a more personal nature, with some of the connecting lines, we have been deprived of the benefits of through tickets from New York, South, to this place, Charleston, Montgomery and New Orleans. Hence the loss of 8,944 through passengers, and more than $40,000 in receipts from this source. We are now without any important through tickets, and there exists no hope of forming any in the future. So long as the Eail Eoads through Virginia, on the two most important lines for Southern travel, are controlled by the same parties to a considerable extent, and those parties decline making tickets with us, we cannot hope for any improvement in our through travel. Our receipts from the transportation of freight have this year exceeded those of the preceding year. By reference to the comparative table of principal articles transported for several years, it will be seen that our Naval Store and Grain transportation business has considerably in-creased, whilst there has been some decrease in our upward freights. With the completion of the Company's wharves and other facilities now in a state of forwardness, we may reasonably look for an increase of our freighting business, notwithstand-ing new lines are multiplying around us. To the General Freight and Transportation Agent, the Com-pany is indebted for much improvement in the dispatch of freight and the general good order now observed in that de-partment. . He will accept my thanks for his valuable assis-tance. 10 CONDITION AND PROSPECTS OF THE COMPANY. The rolling stock is now ample for the wants of the Com-pany, if we except passenger cars. More and better coaches are needed, and I recommend the construction of five new ones during the current year. Unless there is a considerable increase in business, or some unforeseen accident daring the year, the motive power is sufR-cient for the wants of the Company. But I recommend that one or more passenger Engines be ordered in time to go on the "Road about the end of the present fiscal year. The Company has very little to fear from competing lines. The great amount of seagoing travel may very easily be di-verted to the great Atlantic Sea Board Line, if a proper through ticket can be adopted, and every facility that the spirit of the age demands, be fully established and maintained. The Virginia and Tennessee Boute has been looked upon by many as destined to materially injure, if not ruin, this line. — Is this so ? Can it be so ? The great Atlantic Trunk Line affords superior facilities to a very large population. It can be successfully and cheaply worked at all seasons of the year. The lines are generally without grades or curves of much mag-nitude. Neither the snows of winter nor rains of fall and spring present any obstacles to the successful and rapid trans-portation of passengers and mails. The opening of the Florida Boute, as well as the completion of the Alabama and Florida Bail Boad from Montgomery to Pensacola, cannot fail to increase materially the receipts of the Company. I respectfully refer you to the accompanying Beport of the Hospital Surgeon ; it furnishes some evidence of the good care taken of our negro laborers and our freedom from accidents during the year. Much information in detail is contained in the accompany-ing tables and statements, to which your attention is respect-fully called. The agents and employees of the Company, not especially mentioned, and to whom I am indebted for valuable assistance,. will accept my thanks. I am respectfully, your obedient servant, S. L. FBEMONT, Eng. & Sup't. 11 Note The experience of the last four years seems to justify the following estimate of the resources of the Company, and its ability to maintain dividends and pay its debts : What is the prospect of maintaining dividends? Your annual gross receipts cannot fall short of $500,000. lam well convinced that the operating expenses can be kept below $250,000—1 doubt not the Road can be worked next year for $230,000, and $10,000 more will cover all probable extraordinary expenses. But assuming the gross receipts to be maint ained for the next ten years at $500,000 a year, and the whole cost of working the Road and maintaining the equipment in the best condition at $250,000 per year. This will leave a nett income of $250,000 To pay the interest on the debt set aside $56,000 To pay the debt set aside, a sinking fund of 40,000 To pay a dividend of 8 per cent, (on $1,328,000 capital,) • 106,240 Total to pay all claims and a dividend $202,240 Leaving a surplus of 47,760 A part of which, if not needed, may be carried annually to the sinking fund. By adopting this policy, the dividends may be regularly maintained—the literary, or school fund ol North Carolina be regularly replenished—the stockholders of limited means be made comfortable, and the entire debt of the Company be sunk in about ten or fourteen years. Now for the facts : Ihe receipts for the fiscal year terminating September 30, 1857, were $494,508, and this was not a year of unusual prosperity. But for the breaking up of our through ticket system just as the summer business commenced, and just as the new Route by Lynchburg was opened, the receipts this year would have [exceeded $500,000, while our expenditures would not have been increased. In my last annual Report, I stated that there had been expended $180,000 in the last three years for " construction " and permanent " improvements," an average of $60,000 a year. The gross expenditures for 1855 were $268,818 25 Deduct 60,000 00 Real cost of operating in 1855 ..$208,818 25 The gross expenditures for 1856 were $273,895 70 Deduct 60,000 00 Real cost of operating in 1856 : .$213,895 70 The gross expenditures for 1857 were '. ..$295,331 90 Deduct j. 60,000 00 Real cost of operating in 1857. .$235,331 90 An average cost of operating the Road of $219,348 a year, aside from constructing new buildings, depots, ware-houses, filling up trestle-works, building ferry-boats and the like, and forty new freight-cars'being additional equipments never before supplied, as they had never been wanted, which does not belong to the expenses of operating the Road. I assume, then, if the Road is completed, with its equipment ample, it can be worked for 45 per cent, of its gross receipts, if these receipts reach $500,000 or upwards. The experience of the last four years demonstrates it fully, and it should satisfy every Stockholder that his stock is this day intrinsically worth its full par value. The divi-dends cannot fall below 7 per cent., if a permanent policy such as has been glanced at above is adopted. All this plan, however, involves the necessity of opening the line North to New York to free trade and a low ticket along the Great Sea Board Line. EEPOET OF HOSPITAL SUEGEON. S. L. Fremont, Esq., Eng. and Supt. W. & W. E. E. Sir:—The following is a summary of cases treated in the Company's Hospital during the last year : NO. CASES. Billious Fever, 66 Intermittent Fever, 70 Catarrhal Fever, 19 Colic, 22 Pneumonia, 6 Paranychia, 4 Diarrhea, 10 Dysentery, 8 Rheumatism, — 20 Neuralgia, *. 10 Furanculus] 6 Malingering, 1 Concussion of brain, 1 Cholera Morbus, £ 3 Constipation of bowels, 3 Pleurodiynia 6 NO. CASES. Typhoid Fever 6 Venerial, 9 Vertigo, 1 Diseases of bladder, 5 Asthma, 1 Epilepsy, 1 Carbuncle, 3 Scarlet Fever, 1 Mumps, 1 Influenza, 1 Hepatitis, • 1 Burns, 5 Consumption, 1 Urticaria, 1 Minor Surgery, 58 Lumbago 14 Total number, 364 Out of this number of cases, there has been but one death, caused by Typhoid Pneumonia. I wish to call your attention to the fact3 that no capital surgical operation has been per-formed in the Hospital this year. Heretofore, no year has passed without the necessity for several from accidents on the Eoad. I can only attribute this to the better manage-ment of the Eoad and the better discipline of the hands. As to the utility of the Hospital, I will refer you to my for-mer reports, which, including this year's report, show that of 942 cases treated in the Hospital,, there have been but 3 deaths. This unusual success in the treatment of the diseases of negroes, is due, in a great measure, to the proper regula-tion of their diet, and the strict attention of the Hospital nurse to the patients. Yours Eespectfully, JAS. F. McEEE, Jr., Hospital Surgeon. Hospital, W. & W: E. E. 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CD^-^-^CMCD-^CDCO ftT3 S a ^.a Cost of timber for bridges, trestle work,dwellings for section masters & laborers. a to co S3 CD cm © O • to i/o • uo t— • x s: o a n o o 19 M t-r-ICDCM*0-**-*J<CO-*j< O U1 -*J< CM O © "»j< ** CO CXOCC1C*S CMlOXOOJMIDXCXl'C5^lN>'*CD l©Ol-OCO Dwl rODNX«C5M -* CD H o o * 3 n t- 3 rl ^"#MCMM-""M. ©iH1--XCDX~X. 1C— JCM i g 6 ? 3 S £go|ggj HOOH'OO^O OX X' 00 ©00 o «i -* sn ©*~^ o t- C^TcnToT Co"r4 -jioo co r-i i—I eo i—i N eo e<i oo C- O O O« I> U0 ©_©© |—I © CM 1-4 r-H —H r-TrH* cT o 03 CJ 35 S (-©CMC©-*©.—10000 ©©->*©CCI-*tICO©© Hx«cOoMNtoI^DSOHi.H'r5tn3 O0 CM © CO CM CM t— i—i © CM"CM~cTcd" of"cTi—li *" I r-i CM 00 © t-4 DC O e-j co i— i COrC-<J—OCOOMDMHQI-O Ot- CD -*< >-0 L~ CO 00 © h- i— I I 'it CO i—i ©" 00 : s a° OQ So ^CMcMc^^-ioboboooo £— ©^©-isHr-ilQCO'© 00 CD CD X lO C? lO H IO '<*< CD fc- CM rH t- i—I U0 GO •a ° a a «c> E? os -- • • : :•£ 3 HO P O r-l 3 S Oa ,~ sT kT ? -S> ">?i? § cj^ Sh°! a a 3 5? Dr. Statement of the affairs of the Wilmington & Weldon R. i?» Cost of Eeal Estate, Construction and Re-construction of Road, $2,776,403 89 " " Warehouse in Wilmington, $14,364 64 " " " " " on the wharf, 6,06122 " " Passenger Station House in Wilmington 22,644 41 " " « " " "Weldon 2,507 75 " "Warehouse " " 2,215 25 " " Property in Goldsboro' 8,460 55 " " Steam Ferry Boat " W. W. Harllee, 10,582 07 " " Smith's Creek Bridge, 3,739 75 » " North East River Bridge, 7,630 25 78,205 89' " " 13 Negro Slaves, 15,000 00 Am't. paid for Bonds State North Carolina—par value $104,000. 98,962 57 Stock of the Wilmington & Manchester Rail Road Co., 100,000 00 " " " Wilmington & Weldon Rail Road Co., (purchased.) 3,850 00 » " " Washington and New Orleans Telegraph Co., 3,150 00—220,962:57 Am't. of Bills Receivable, 8,495 75 " due from Post Office Department, 12,150 00 u u i! Agents, 5,224 62 " " " Companies add Individuals, 15,916 74 41,787 11 Cash in London to pay interest, 13,161 32 " "Raleigh" " " 420 05 " " Bank to purchase State Bonds, 1,609 79 Counterfeit and uncurrent money on hand, 908 54 Cash on hand, , 36,175 74 Total, .$3,169,634 90 Wilmington, A1 . C, Sept. 30/7i, 1858. EXHIBIT, Dr. Showing the business of the Wilmington & Weldon Rail 1857. Sept. 30.—Cash on hand, $ 32,406 80 " in London to pay interest, 13,632 33 " " Bank to invest in Bonds State N. Carolina. 8,524 00 Amount due from Agents, 12,776 42 " " " Companies and Individuals, 12,284 93 « " " Post Office Department, 678 28 " Bills Receivable, \ 8,308 75 88,611 51 1858. Sept. 30.—Received for Old Iron sold this year, 928 46 " Interest on Bonds State of N. C. this year, 6,690 00 " from transportation of Passengers,Preight, Mail, &c, for 12 months to date,.. . . 444,275 45—451,893 91 $540,505 42 Wilmington} N. C, Sept. BQih, 1858. Co., from the commencement of the work to 30th Sept., 1858. Or. Amount received from Capital Stock, $1,340,213 21 Bonds payable in England, $222,66(3 67 Mortgage Bonds payable in England, 443,555 56 Bonds endorsed by State of North Carohna, 250,000 00 Bills payable, 33,141 30 Unpaid Dividends, 6,827 00 Due on Pay Bolls, 7,654 51 " " Negro Bonds, 40,644 98 " " Stock purchased, 224 04 " to sundry Individuals and Companies, 16,456 64—1,021,170 70 Profit and Loss account, 808,250 99 $3,169,634 90 JAMES S. GREEN, Treosurer. Boad Company, for the year ending 30th Sept., 1858. Cr. 1858. Sept. 30.—Paid Current Expenses of Road this year, .- $248,518 37 Decreased debt of Company " •' 25,327 95 Interest and premuium on Exchange paidthis year 61,178 13 Dividends No. 12 and 13, 86,381 75 Amount paid for Bonds of the State of No. Ca., purchased, 25,945 21 Amount in Bank to purchase State Bonds, 1,609 79 448,961 20 " Bills Receivable, 8,495 75 " Due from Post Office Department, 12,150 00 " " " Agents, 5,224 62 " " " Companies and Individuals, .. . 15,916 74 Cash in London to pay interest, 13,161 32 " "Raleigh" " " 420 05 " on hand, 36,175 74 91,544 22 $540,505 42 JAMES S. GREEN, Treasurer. r s 03 | M03 s o §, 1 1 I—I s. O 5 o^1I © ^ 1-1 ^ o "g o K « O 5 02 § K I w § EH S o J 5.1 o _ w i 5 1 Lbs. of cotton waste used. Gallons of oil used. . OC0N-*CSOffi'* Cords of wood con-sumed. No. of days laid up for repairs. No of days laid up by schedule. No. of days in ser-vice. ^^OUiCftJDC*!;© No. of cars hauled. . MIOIOCOHIOH No. of miles run,.. OOONOOOOOtD HNnrHHOSO-* c- i co •**< cs co H "* ^ ooota «> * OHOOHI10U5 OUiKH f- 30 rH >-H i-l r-t CO i-H O rH tOr.loCCOT'^lN Ci O U0 i^ "O lO -*fl SC oo o co <r» op eo !ioS5s^^COrt — IQ CO !> O O O -* -**< CM r- -* cq CO lO C- <—1 00 .-> Jtr- CO CO O O c i-H O "* C ci n ii o Ci iq ci Ciiooo L'JLINOOCIOS QOOIO MHrMMrli CM 00 t—1 CO OO *— lO Co"c^ci"l-Tc*r r-7 NIOON OiOOffl . © 6.2 - |Jj TS r© !h ^3 >5 -era =6 ° e- 2 i-3 cs o o vj E-l . 02 o fe "g EH . 3 •M pq -A XB H £'Bg © C2CQ © mS © £ SH 'as • -r <r© h3.2tcW © 1 Lj m 03 ^ l-^ o 3 S^'^ 3 g"o 05 2 -fc3 H 03 No. of Locomotives. | rH « M ^ « "° *" ^ ° S 1 CM CO -scl O CO t— Industry, . . Economy, Sobriety, . rlrlflHHIN SkiU,. fl§ - >^ra a> g o Eh^.2^ E,-qa' . Sb- • • • S.t? ° -C3 MpHt5Pw3 .£ 2,j P. 1 . © oj os ©,S »9 P<bXI 05 © as 1 CO* « > o c B3 3 K S - = ^ CJ ^. a> r= O H Yard Engine. Gravel Train Engine. Supply Engine. V. Present value of ©© ©© cc ooc ©o oo ©o o©©o ©oo© oo oo oooooo ooo© o o o o us O uc. "oo ©~©VTccTi>-"cd o© oo ©o ©o o© o© o©oo ©© ©o oo ©© ©©©©©© ©© iO US © © *0 US ©_ ao"t--"t—"cd"io"cm" co ©o©©© © ©©© Locomotives. 0__O_C cxfocfo: o rH «r Total cost of En-gines for the year. H030H-*OU)NO MCOOCCMt-CCC-t- . oonnocoon ''.us • ^c^ircTcMvrr-rrHV? * ©© CD CO "H« CM -*H © *~- 0-*C5rtOMta US 00 1—1 CM © O CS CD »0 *> O 1™"1 US CO rHr-Tc-fccTi-rr-r CO © © © • NlOlOt- • cm m co co • ©© CD CM © 00 £- CM ©rH~r-T ; © •O © CO © CM CO X' CO <r> Total cost per mile run. not- -^»o»o 10 cm © r^r-^t^t^co©©'© U3 00 | CM -* r-co us CO CD CO CM CM -h! 00 O© 1 Cost per mile for repairs, in cents. MHooHCcNo H lOlO n » cc o t- oi> q —I CO US © i—1 © US CD CO rt CM CO rH rH p^ ci X Cost per mile for oil & waste, in cents CXOC^=*CtO- CNMHN'OVM'C*O -* -*H -H< r- © O "^ »o us oo r- b-lONNCO © io r- co cd -* t- 1— i CO Cost per mile for fuel, in cents. HCNCNCNNCIOCO CMCMC^cMCMCMcaco CM oo CM oo CD CO © -HI © © »0 rH lO *«£ CO -CM US CD **fl -^ -H< CD ©©© h3 Paid to Firemen. oooooocc ooo*o-^co CNCNCNO oo oo oo oo oooo -# o oc^» CNMrtCN ©o~o©ooo© oo o >o C©D o O © oo «c* co -: o© © CD 5? O©©OO©OOOO©O©O ^* CO © © © © Q CM lO CD CM cm © © CM rn rH CM CM rH i— 1 ©ooO©O © ©o -H io CD go IO ©O© CM BO <r> Paid to Engineers. OoOoOoCc CM O O C cd o © a © X CO •X-o © oO O© O© o o o to o © © IO © © CM © IO CM © O -H rH © CD rH_CD © OO 00 © CO © © © >o © © CHMN©O© © t- © o © CM © ©©© 'O CM Cost of repairs 00 from accident, g 00 • CM • l-( . X CM CM M CM C©O CM CO X) uo co lo ** cm r • r- io>oaOr- Cost of repairs. |;oco^-*c; r CM -*] CM CM - CM £— • CD CD • CO -# - cm -=* • X -T CM X US' CM rH © 00 CD CO rH HNCOCOIO-HCO Q©QrHOCOOHCOt©Ob©«OH CM rH CM CM CM rH CM CoM O©o© rH ©© -* C>iO CD_rH CO 4S» CM © ©_ ©© CD^ — r Cost of cotton waste. CO -«* O © © © O 00 © © us •J, CM CM X -* CM CO -<H 00 CM CS lOOOOlOOWHj © © © © • co ia»ocM • -* >0 CO rH . <& ' ©© X © era CM 4^ Cost of oil and tal-low. cm o © © © © © © M©cCoHclmOiC-hO-lhOoO©O© ^^ 1—t f—4 .-H rH t—) « © © ©O O © © IO rH lO CO CO -H> CM H©I©-OlOCOOCO CD 00 IO IO-* © o © © • co © © m • HOOCl • CO © t~CM • J* '. © CO ©© c-> © us 3 Cost of fuel. • © O O © o o o o 'OlOiOiOOOOlO McOOSt-OO'"*^! i°£-t-ot-iacor— r; o © IS ©O©*o ©© "©O ©© ©© O© CM CO t- © rH rH -H 32 lO © -sH -rH © © CO IO iO CD t— IO CM © o o © • ©©© © • © o© © • HO^OO • CM_00 IO t-I -*" '. ©© CO us" as © X) tH © No.of Locomotives r,. ~ rj « -; t- a R © 1 C^ o- * »c © t~ - t - -* ft s $3 O O I C ooo o P3 O Ph Pn P EH <1 P omoo 3 O O 03 cS O §1 ^£P r-1 F .2 -a a> PQ o 3 c boa w o ft£ 02-" * & T3 O O O O © o o 2O2O2O2O0o0o0o o EH <J p EH Ph o a of .Sb ;m $ fcO M a a S - s s -S W'&'Soq ST5 -? Slag ,« -2,3 .9 o3 t-i ^ ,« a a a fcfeO>na2WW Ol-HHrtHM | -* fcO, a- O S§ J3 *-" &>>~- a a- JO 2- Om o SI o 9 LIST OF OFFICERS AND AGENTS | Of the Company, with their salaries, on the 30£& Sept., 1858. SALARY. 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 DEPARTMENT OP TRANSPORTATION AND REPAIRS. S. L. Fremont, Chief Engineer and Superintendent, 2,500 00 J. G. Green, Yard Master, 1,000 00 John W. Thompson, Agent of Transportation, 1,500 00 Thos. L. Love, Assistant Agent of Transportation, 600 00 A. D. Love, Acting " " " 500 00 John Campbell, General Agent at WeldoD, 1,500 00 Geo. G. Gary, Assistant " " 600 00 James C. Borden, General Agent at Goldsboro', 600 00 Thomas J. Oates, Assistant " " 150 00 STATION AGENTS. Joel Hines, Marlboro.'^ Free Riding.. John E. Johnston, Leesburg, 100 00 C. McMillan, Teachey's, 100 00 J. B. B. Monk, Magnolia, 225 00 N. Frederick, 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. D. Battle, Ticket Agent, Everittsville, Free Riding. C. G. Perkins, Pikeville, « 100 00 James Hooks, Nahunta, 150 00 John W. Rowe, Black Creek, 100 00 A. D. Farmer, Wilson, 275 00 W. D. Farmer, Joyner's, 100 00 C. C. Bonner, Rocky Mount, 250 00 Thomas L. Maner, Battleboro', 150 00 John A. L. Comann, Enfield, 250 00 G. W. Owens, Halifax, 150 00 REPAIRS. John Crone, Road Master, 1,200 00 Francis McMillan, Master Mechanic, 1,200 00 John A. Wright, Master Carpenter Car Shops, 1,000 00 W. W. Flowers, " " Bridges and Trestle Work, 600 00 S. M. Chesnutt, Clerk for Shops, 600 00 LIST OP CONDUCTORS AND ENGINEERS. PER MONTH. George Morrison, Conductor on Passenger Train, $ 50 0O A.J.Hewlett, « " " " . . 50 00 J.M.Howell, " " » " 50 00 E.D.Browning, " " " " 50 00 J. W. Carr, " " " " 50 00 J.D.Gardner, " " " " 50 00 Robert Lee, " "Freight " 50 00 Geo. W. Galloway, " " " " 50 00 D.„J. McMillan, " " " " . 41 6G T.J.Pickett, " " << *< 4166 William Paul, Engineer Passenger " 80 00 John White, " " " 80 00- William Trask, " " " 80 00 George Tarlton, " " " ..: 80 00 J. A. Urquhardt, " " " 80 00 C.H.Rice, " " " 80 00 J. H. Farley, " " " 80 00 James Knight, Engineer and Conduc'r Freight" ., 100 00 E.T.Love, " " " 75 00 W. H. Petteway, " " " '5 00 George T. Curtis, " " " 75 00 John HolJister, " " " 75 00 Wm. H. Sleeper, "Gravel " 75 00 Wm. A. Graham " Yard Engine, 60 00 10 A COMPAKATIVE STATEMENT Of the 'principal articles of Fi'eight deliveredfrom and received for transportation at Wilmington, for the last jive fiscal years. Spirits Crude Fiscal Bacon Corn Cotton Flour Eosin Torp. Turp. Tar Wheat years. Lbs. 493,763 bush. bales. bbls. bbls. bbls. bbls. bbls. 6,930 bush. 1854 15,845 2,541 245 85,225 30,422 12,478 86 1855 521,936 17,378 7,650 2,781 84,541 34,038 17,935 8,397 116 1856 518,738 29,384 7.435 9,584 60,047 30,419 19,905 10,674 57,678 1857 369,046 2,045 8,554 10,622 69,551 28,103 12,875 4,470 59,566 1858 141,810 11,817 8,683 10,800 76,098 28,877 \ 19,712 , 2,173 80,550 Comparative Statement of the same articles received at Weldon 1854 1855 1856 1857 1858 6,0501 5,490 8,840 3,836 508,537* 628 8,429 2,534 7,811 730 4,547 5,925 5,500 4,400 10,375 25 2,210 5,500 9,616 3,265 28,663 15,723 13,383 18,125 17,541 1,299 675 112 174 182 991 786 4 310 349 21 1,110 2.936 9,832 12,045 3,745 Total amount received at Wilmington and Weldon. 1854 499,812 15,973 7,088 270 113,S88 31,712 13,469 6,934 1,196 1855 527,426 25,807 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 12,875 4,491 71,611 1858 630.347 » 12,585 15,766j 14,129 93,449 29,068 19,721 2,173 84,741 Monthly Statement of same received at Wilmingtonfrom 1st Oct. '57 to 30th Sept 1858. Oct.. 1,830 328 813 11,220 1,197 417 23 1,300 Nov.. 3,960 432 677 843 4,760 2,186 1,037 32 2,868 Dec. .1,450 ' 1,366 686 702 3,877 2,646 2,015 8,202 Jan. . . 11,650 342 922 727 4,079 2,524 164 107 1,823 Feb.. 8,970 1,688 2,034 664 4,427 1,943 1,769 81 4,892 Mar... 20,290 41,370 1,890 384 872 1,458 7,440 8,147 2,073 1,737 3,468 563 539 1,047 3,370 April . 22 4,268 May.. 18.090 1,190 948 1,343 7,271 2,556 1,012 123 2,378 June . 7,720 76 202 1.024 5,922 3,009 2,495 57 14 July.. 3,980 790 83 1,026 6,536 2,539 1,534 3 5,024 Aug.. 13,460 2,488 9 621 4,280 3,135 3,400 7 36,915 Sept. 9,040 3,423 520 8,683 707 8,139 3,332 / :28,877 1,838 154 9,496 141,810 11,817 10,800 76,098 19,712 2,173 80,550 Monthly Statement of same received at Weldon from 1st Oct. '57 to 30th Sept. 1858. Oct . Nov. Dec. Jan . Feb. March April May.. June.. July.. Aug.. Sept.. 34,670 16,800 14,400 44,000 26,600 45,600 3T,600 45,200 46,000 45,900 51,667 80,100 38 8 30 54 12 12 614 488,537 768 519 963 278 1,451 1.469 962 309 347 59 70 45 591 7,083 284 363 714 549 281 202 147 255 237 121 17 159 "3^329 1,143 1,010 322 445 2,378 1,414 2,116 723 1,302 2,340 2,277 1,881 17,351 9 11 3fi 2 2 13 29 9 28 35 'ii 191 654 656 58 86 48 623 300 72 664 1,030 4,191 REPORT OF THE AUDITING COMMITTEE. To the Stockholders of the W. & W. B. B. Co.: Gentlemen : We have made a thorough examination of the books and stock account of your Comp any for the past year, and beg to report that we found all the entries on the Treas-urer's books correct, and accompanied by properly authentica-ted vouchers. We found a few trifling errors in the footing of the Way- Bills, resulting in a difference of $13, in favor of the Treasur-er, which have been properly entered. We are pleased to be able to report that the Transportation Accounts are well kept, and that we found but one, unimpor-tant, error, which has been rectified. The following statements will show* the result of the Com-pany's business for the past year : EECEIPTS. Amount received for through travel, $136,857 61 " '.' " way " 96,529 75 " '• " freight, 157,832 47 Transportation Of mails, rents, &c, .' 53,055 62 $444,275 45 EXPENDITURES. Cost of Transportation, including Repairs of Locomotives, Coaches and Cars, and Depot Expenses $160,729 45 Railroad repairs, including subsistence and clothing, pay of officers and office expenses, S7,788 92 Interest and Exchange,. 61,178 13—$309,696 50 $134,578 95 LIABILITIES OF THE COMPANY ON THE 1ST OCTOBER, 185S. Old Bonds, payable in England, at 5 per cent $222,666 67 Bonds endorsed by the State of North Carolina at 6 per cent 250,000 00 New Bonds, payable in England 443,555 56 Bills payable, , 33,141 30 Due on Pay-Rolls, 7,654 51 if i« Negro Bonds, 1844 to 1858, inclusive, 40,644 98 " " Dividends, Nos. 1 to 13 " . 6,827 00 Balance due on 30 shares stock, surrendered to be rode out, 224 04 Due to sundry individuals and Corporations , 16,456 64 • $1,021,170 70 12 CONDITION OF IHE COMPANY ON THE 1ST. OCTOBER, 1858. Liabilities of the Company, $1,021,170 70 Capital Stock paid in, 1,340,213 21 Balance of profits from commencement of operations to present time, after paying interest on debt, , . 808,250 99 $3,169,634 90 Cost of Construction, Beal Estate and re-construction,. . . .$2,776,403 89 29 shares Company's stock purchased, and balance due on forfeited stock, 3,850 00 Wilmington and Manchester Rail Road stock, 100,000 00 Washington and New Orleans Telegraph stock, 3,150 00 Bills Receivable, 8,495 75 Cost of Ferry Boat, Warehouses, and Passenger Sheds at Weldon and Wilmington, property at Goldsboro', and Bridges over Smith's Creek and N. E. River, 78,205 89 Due from Agents, 5,224 62 Due from Post Office Department for mail service, 12,150 00 Counterfeit and uncurrent money taken, 908 54 Cash in London to pay interest, 13,161 32 Cash in Bank Cape Fear to be invested in N. C. Bonds, 1,609 79 Cash in Bank Cape Fear at Raleigh to pay interest, 420 05 Cost of 13 negro slaves, 15,000 00 Cash in hands of Treasurer, 36,175 74 Bonds of State of North Carolina, par value $104,000, 98,962 57 Due from Companies and Individuals, 15,<916 74—$3,169,634 90 All of which, is very respectfully submitted H. B. D. Mi Wilmington, N. 0., 10th Nov. 1858 BAKER. } n ... MacRAE; \ Committee. 13 "Return of Machinery', Tools and Stock on hand in the Machine Shops of the W. & W. R. R. Co., Sept. 30th, 1858 : 1 i l l i i l l 5 2 37 94 8 8 1 11 1 31 O 1 3 13 12 7 8 21 29 ]1 8 3 13 1 17 3 17 3 69 6 2 5 35 ID ARTICLES. FINISHING SHOP. New Stationary Engine, And Boiler built in Company's Shops, Old Stationary Engine and Boiler for sale,. 14 feet Lathe, 12 •' " 8 " " geared, 5 " " Large Engine Lathe, geared, 14feet " " " 10 " '• " " Planing Machines, Bolt Cutters, , Prs. Dies to Bolt Cutters, Taps " " Holders u Nut Blocks " Drill Press, " for " New Drill Press. Drills for " Drill Sockets, Wheel Press, Grindstones, Vises, Purchased in the year. Value Sept. 30. 1857. $1,600 00 1,600 00 50 00 $600 00 400 00 600 00 300 00 Present Value. 50 00 ! 2,300 00 600 00 500 00 1,500 00 120 00 420 00 150 00 $1,600 00 1,600 00 500 00 400 00 600 00 300 00 50 00 2,300 00 600 00 500 00 1,600 00 170 00 420 00 150 00 50 00 Screw Wrenches, Hammers, Oil Cans, Flat Chisels, Cape " Scribers, Centre Punches., W'ratchet Braces, Drills for " Clamp Wratchet, Drills to " Die Stocks, Prs. Dies to Stocks, " " •' small Stocks, Taps for Shop, Tap Wrenches, Screw Plates, Hand Hole Taps, Reamers, Numbers, Letters, Sledges, FOUNDRY. Large Cupola, , Small " Brass Furnace, Shovels, Brushes, , Riddles, (good order,) (bad " ) Rammers, Ladles, Hammer, Core Bench, " Oven, 360 00 360 00 50 00 260 66 260 00 24 00 24 00 7 00 7 00 2 00 2 00 10 50 10 50 14 50 14 50 3 75 3 75 2 00 2 00 24 00 24 00 50 00 '5666 Carried fonvard, $3,350 00 3 00 5 00 50 00 10 00 3 00 100 00 25 00 40 00 3 00 1 50 6 00 1 50 6 00 8 00 1 00 2 00 25 00 50 00 '50*66 3 00 5 00 50 00 10 00 3 00 100 00 25 00 40 00 3 00 1 50 6 00 1 50 6 00 8 00 1 00 2 00 25 00 3,587 75 [ $11,937 75 14 KETUBN—CONTINTED. ARTICLES. Purchased 1 Value in the Sept. 30th, year. 1857 Present Value. 1 1 2 1 1 1 1 2 2 65 3 Brought forward, Core Mill, Wheel Barrow, Prs. Tongs, Crucible, Pr. Ballances, Crane, Fall and Tackle, Ladder, Cupboards, Slings, Good Flasks, Skimmers, BLACKSMITH SHOP. Fan, Cast Iron Forges, No. 1 Anvils, Common il Sledge Hammers, Hand " Prs. Tongs, Swages, § in. to 6 in Fullers and Flatters, Casteel Chisels, ' Mandrils, Heading Tools, 4 to 2 in Trip Hammer, RAILMENDING SHOP. Cast Iron Furnaces, Swage Blocks, Casteel Chisels, '. Swages, Sledge Hammers COPPERSMITH SHOP. Large Bellows, Forge, Ladles, Mandrils, , Pr. Soldering Irons, Solder Mould, '.' Prs. Roofing Tongs, "Gas " Stakes, Prs. Shears, Screw Wrench, Hammer, Saw, Mallets, Cold Chisels, Files, Rasps, Scraper, Corking Tools, Grooving Machines, $3,350 00 Folding Rolling Setting down Small Bun- Thin Edge, Thick « Wiring Gutting 2 00! 40 00 ' '2*00 ,587 75 10 00 2 50 2 00 2 00 2 00 SO 00 50 5 00 1 50 3 75 1 50 $11,937 75 10 00 2 50 2 00 2 00 2 00 80 00 50 7 00 1 50 3 75 1 50 100 00 375 00 360 00 20 00 50 00 10 00 7 00 75 00 50 00 50 00 23 00 12 00 26 00 360 00 1 50 5 00 25 00 6 00 10 00 10 00 75 5 00 5 00 30 00 1 00 60 3 00 1 50 1 00 10 75 10 00 15 00 18 00 20 00 9 00 10 00 2 50 2 50 2 50 1 50 Carriedforward, $4,269 45 10 00 5 00 1 00 1 00 50 10 00 15 00 18 00 10 00 "2 - 50 $9,612 75 $13,962 45 15 RETURN—CONTINUED. ARTICLES. Brought forward, COPPERSMITH SHOP—(Continued.) Swaging Machine, Double Seamers for Roofing, Former, Pr. Hand Bellows, BOILER SHOP. Pr. Boiler Maker's Shears, Punching Machines, .- Screw Punch, Prs. Bellows, Anvils, Pr. Clamps, " Rollers, Sets Corking Tools Riveting Hammers, Forge " Chipping " Screw Wrenches, Reamers Sledge Hammers, Rivet Machine, Prs. Tongs, Cold Chisels, Blacksmith Punches, Flatters, Swages, CAR SHOP. Stationary Engine, Tenon Machine, Dubbing " Circular Saw, Gig " PAINT SHOP. Paint Brushes, Varnish " " Tools, Hammer, Oil Varnish Brushes,. Paint Pots, '' Mills, ' Stones, Putty Knives, Large Iron Pot, . 30 Gallon Tin Cans,.. 5 " '• " .. 1 It [1 u Water Buckets, Total. $4,336 15 $11,083 72 $15,509 92 Purchased in the year. $4,269 45 5 00 10 00 2 50 1 00 10 00 25*66 5 00 i'20 1 00 4 50 1 50 Value Sept. 30, 1857. Present Value. $9,612 75! $13,962 45 5 00 20 00 2 50 1 00 10 00 50 00 50 00 5 00 20 00 15 00 1 80 3 00 3 00 5 00 2 00 2 00 4 50 6 00 18 00 2 00 2 00 3 00 6 00 600 00! 90 00' 450 OOl 30 00 25 00 1 00 50 1 50 4 80 12 00 12 00 37 1 50 30 00 4 00 50 00 60 00 5 00 25 00 20 00 5 00 15 00 3 00 3 00 IS 00 2 00 2 00 3 00 6 00 600 00 90 00 450 00 30 00 25 00 9 60 3 00 1 20 1 00 50 1 50 4 80 8 00 12 00 37 1 50 30 00 5 00 4 50 1 50 16 RETURN—CONTINUED. Materials on handfor Machine, Boiler, Blacksmith, Coppersmith Shops and Foundry. ABTICLES. 405,000 11,000 200 50 20,000 600 5* 5 100 2 25 500 1 2,500 17 17 6,000 5,000 6,000 5,000 13,000 150 1 1 10 50 230 42 53 22 20 28 17 19 23* if 1" 1 20 30' 2 10 15 40 17 32 7 FINISHING SHOP. Lbs. Assorted Iron, " New Tires, " Block Tin,.. " Antimony,' " New Castings, . " " Brass, Bales Packing Yarn, COPPER SHOP. Lbs. Solder, " Copper, Sheets No. 1 Copper, Lbs. Lead, BLACKSMITH SHOP. Bushels Bituminous Coal, Ton Red Ash '.' Lbs. Iron, BOILER SHOP. Plates No. 3 Iron, •' 7 " " 10 ' ; " 16 " CAR SHOP. Feet Oak Lumber, Poplar " refused, White Pine' 1 Yellow ',',.'.' Ash " White Pine, Papers Brads, . . ' Side Belt Lacing, Quart Alcohol, Side Sole Leather, PAINT SHOP. Gallons Linseed Oil, , " White Lead, in oil, Lbs. Dry " " Chrome Green, " India Red,.... " Burnt Seanie, " Rotten Stone, " Rose Pink, ''• Chrome Yellow, " Chinese Blue,.. '. " Vermillion Red, " Brandon Yellow, " Lampblack, " Whiting, " Pumice Stone, (Pul.) " Sugar of Lead, , " Black " " Gum Shellac Packages Dutch Metal, Books Gold Leaf, Galls. No. 1 Coach Varnish, " No. 2 " " " Furniture " " Japan " , " Imperial " Purchased in the year. Value Sept. 30th, 1S57. 1,000 00 40 00 40 00 800 00 240 00 33 00 1 25 25 00 10 00 2 50 100 00 5 00 75 00 350 00 1,200 00 900 00 3,000 00 800 00. 2,600 00' 75 00: 18 75 10 5 13 7 00 4 00 232 40 8 40 32 86 S 25 1 20 14 00 3 00 21 28 6 00 6 20 5 1,000 00 40 2 40 75 5 00 90 00 120 00| 34 00 96 001 7 001 16 00 Present Value. $12,013 16l $1,000 00 $14,028 16 17 REPORT—Concluded. RECAPITULATION. Total value of Tools in 1858, $15,509 92 " " " " 1857, 11,605 22 Increased value during the year, $3,904 70 Total value of materials on hand 30th Sep., 1858, $14,028 16 " " " " " " " 1857, 16,411 30 RETURN OF COACHES AND CARS On the Wilmington and Weldon Rail Road, Sept. 30^, 1858. 9 Coaches in excellent order, $17,600 00 2 < ; "fair " 3.000 00 2 in Shops undergoing repairs, 3,600 00 5 Conductors Cars, 3,000 00 7 Second Class Cars, 6,900 00 3 Beggage and Mail Cars, 3.000 00 4 Baggage Cars, 2^200 00 50 Box^Freight Cars in good order 30,000 00 70 Flat Cars, 20.000 00 20 Gravel Cars in good order, 6.500 00 5 Old Cars, 250 00 Total value of Coaches and Cars, $96,050 00 Photomount Pamphlet Binder Gaylord Bros. Makers Syracuse, N. Y. PAT. JAN 21, 1908 UNIVERSITY OF N.C. AT CHAPEL HILL 00034043730 taken from mmnumn mm isR ISffl •'-).:.,
Object Description
Description
Title | Proceedings of the stockholders of the Wilmington & Weldon R.R. Co. at... |
Other Title | Annual reports of the president and directors and the chief engineer and superintendent of the Wilmington & Weldon R.R. Co., with the proceedings of the general meeting of stockholders |
Creator | Wilmington and Weldon Rail Road. |
Date | 1858 |
Subjects |
African Americans Bonds Cotton Forests and forestry Railroads--North Carolina--Periodicals Railroads--Southern States--Periodicals Reconstruction (U.S. history, 1865-1877) Slavery Transportation United States--History--Civil War, 1861-1865 Wilmington, Columbia and Augusta Railroad Company--Periodicals Wilmington and Weldon Rail Road--Periodicals |
Place |
Wilmington, New Hanover County, North Carolina, United States North Carolina, United States |
Time Period | (1820-1860) Antebellum |
Publisher | [Wilmington, N.C.] :The Company,1860-1872(Wilmington, N.C. :Fulton & Price) |
Rights | State Document see http://digital.ncdcr.gov/u?/p249901coll22,63754 |
Physical Characteristics | 13 v. ;23 cm. |
Collection | Health Sciences Library. University of North Carolina at Chapel Hill |
Type | text |
Language |
English |
Format |
Annual reports |
Digital Characteristics-A | 3655 KB; 60 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 Replaced By | Annual reports of the president and directors and the chief engineer and superintendent of the Wilmington & Weldon R.R. Co., with the proceedings of the general meeting of stockholders |
Audience | All |
Pres File Name-M | pubs_edp_proceedingswilmingtonweldon1858.pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_edp\images_master\ |
Full Text |
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PROCEEDINGS
STOCKHOLDEKS
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TWENTY-THIRD ANNUAL MEETING,
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WILMINGTON, NORTH CAROLINA, |