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PROCEEDINGS STOCKHOLDERS RALEIGH & GASTON RAILROAD CO., AT THEIR FORTY-THIRD ANNUAL MEETING, HELD AT Raleigh, November 9 and December 6 and 20, 1893. ALSO ANNUAL REPORTS Of PRESIDENT, VICE-PRESIDENT AND GENERAL MANAGER, AND TREASURER. RALEIGH: E. M. Uzzelx, Steam Printer and Binder. 1893. DIRECTORS. LOUIS McLANE, W. W. CHAMBERLAINE, WM. J. HAWKINS, JOS. B. BATCHELOR, R. S. TUCKER, W. C. STRONACH, Baltimore, Md. Norfolk, Va. Raleigh, N. C. Raleigh, N. C. Raleigh, N. C. Raleigh, N. C. OFFICERS. R. C. HOFFMAN, President, Baltimore, Md. JNO. C. WINDER, Yice-Pres't and Gen'l Manager, Portsmouth, Ya. L. T. MYERS, General Superintendent, Portsmouth, Ya. T. W. WHISNANT, Superintendent, Portsmouth, Ya. JNO. H. SHARP, Treasurer, Portsmouth, Ya. W. W. VASS, Secretary, Raleigh, N. C. J. B. MARTIN, General Auditor, Portsmouth, Ya. W. A. WALTON, Auditor of Disbursements, Portsmouth, Ya. JNO. M. SHERWOOD, Auditor of Receipts, Portsmouth, Ya. ANNUAL MEETING OF STOCKHOLDERS. The Forty-third Annual Meeting of the Stockholders of the Raleigh & Gaston Railroad Company convened at the office of the Company in Raleigh, pursuant to notice, on the 9th of November, 1893, at 11:30 o'clock a. m. The meeting was called to order by Mr. R. C. Hoffman, President of the Company, on whose motion Mr. Enoch Pratt, of Baltimore, was unanimously called to the chair, and W. W. Vass appointed Secretary. Mr. A. M. McPheeters, on the part of the Standing Committee on Stock and Proxies, made the following report, which was adopted : Capital stock of the Company, 15,000 shares. Shares represented in person, .... 2,077 Shares represented by proxy, .... 7,422 Total shares represented in meeting, . . 9,499 The Chairman announced that a majority of the stock was represented, and that the meeting was ready for busi-ness. Mr. R. C. Hoffman, President, submitted and read the annual report of the President and Board of Directors, which, on motion of Mr. John W. Scott, was received and adopted, and, with accompanying .statements and docu-ments, was placed on file. By Mr. R. S. Tucker : Ordered, That the following resolutions, passed at the special meeting of the Board of Directors on 23d February last, soon after the lamented death of the late President of -I ANNUAL MEETING OF STOCKHOLDERS. this Company, be spread upon the minutes of these pro-ceedings : Resolved, That the Board of Directors of the Raleigh & Gaston and Raleigh & Augusta Air Line Railroad Companies have heard with pro-found reguet of the death of John M. Robinson, for many years its Presi-dent, which sad event occurred at his residence in the city of Baltimore on the 14th instant. In the early morning of that day the record of a busy and useful life was closed. The long and distinguished services of Mr. Robinson, his untiring zeal and great ability, which finds its best evidence in the Seaboai'd Air Line System of railroads—of which this Company is a part—extending from Portsmouth, Va., to Atlanta, Ga., renders it proper that the Board should place on record an acknowledg-ment of his services, and the expression of its high appreciation of his eminent abilities. We lament his death as not only involving official loss, but it comes to each one of us as a personal sorrow. On motion .of Mr. Louis McLane, the following resolu-tion was adopted : Resolved, That the action of the Board of Directors in adopting the plan of organization and making this Company a part of the Seaboard Air Line be and the same is hereby ratified, approved and confirmed. On motion of Mr. R. S. Tucker, the following was adopted : Be it resolved, That the action of the Board of Directors in separating the offices of Secretary and Treasurer be and the same is hereby approved, ratified and confirmed; and that the resolution of the Board defining the duties of said officers respectively be also confirmed and approved. The following was presented and adopted : Be it resolved, That the Treasurer of this Company be and he is hereby made the custodian of the corporate seal of this Company, with author-ity to affix and attach the same to all certificates of stock and other con-tracts and papers requiring such corporate seal. Resolved 2d, That any by-law of this Company in conflict with the foregoing resolution is hereby repealed. On motion of Mr. R. S. Tucker, seconded by Mr. John W. Scott, the Stockholders proceeded to ballot for a Presi-dent for the next ensuing year—the Secretary acting as ANNUAL MEETING OF STOCKHOLDERS. 5 teller—resulting in the unanimous election of R. C. Hoff-man, Esq., of Baltimore. On motion of Mr. John W. Scott, the meeting went into the election of six Directors, the Secretary being appointed teller, who reported subsequently the due election of — Louis McLane, having received . . . 9,499 votes. W. W. Chamberlaine, having received . 9,499 Dr. W. J. Hawkins, having received . 9,499 R. S. Tucker, having received .... 9,499 Jos. B. Batchelor, having received . . 9,499 W. G. Stronach, having received . . . 9,499 On motion of Mr. R. S. Tucker, Messrs. W. W. Vass and A. M. McPheeters were re-appointed Committee on Stock and Proxies. On motion of Mr. R. C. Hoffman, President, the meet-ing adjourned to Wednesday, the 6th of December, 1893, at 11 o'clock a. m. Raleigh, December 6, 1893. Pursuant to adjournment on the 6th instant, the Stock-holders met to-day at the office of the Company at 11 o'clock a. m. The Chairman, Enoch Pratt, Esq., being absent, on motion of Mr. W. C. Stronach, Dr. W. J. Hawkins was chosen Chairman, and called the meeting to order. On motion of Mr. R. S. Tucker, seconded by J. B. Batchelor, Esq., the following was adopted : Resolred, That this meeting do now adjourn to meet on Wednesday, the 20th instant, at 11 o'clock a. m., at the office of the Company in Raleigh, N. C. Whereupon the Chairman declared the meeting duly adjourned to the 20th instant. 6 ANNUAL MEETING OF STOCKHOLDERS. Raleigh, December 20, 1893. The Stockholders of the Company convened to-day, pur-suant to adjournment, at the office of the Company in Raleigh, at 11 o'clock a. m. The Chairman, Dr. W. J. Hawkins, resumed the chair and called the meeting to order. Mr. R, C. Hoffman, President of the Company, offered the following resolution, which was unanimously adopted: Resolved, That the Board of Directors of this Company be and they are hereby authorized and empowered, upon such terms and conditions as they may consider expedient, to contract in the name and on behalf of this Company, in its own right, and also as lessee of the Georgia, Carolina & Northern Railway Company, either alone or jointly and sev-erally with another company, or other companies, for the use, mainte-nance, operation and equipment of the railroad, terminals and propert}- of the Seaboard Air Line Belt Railroad Company; and in the name and on behalf of this Company, either alone or jointly and severally with another company or other companies, to guarantee and covenant for the punctual payment of the principal and interest, over and above and clear of all taxes, levied or that may be levied, by, or under the authority of, the State of Georgia, or of the United States of America, of every one and all the bonds secured by the indenture from the Seaboard Air Line Belt Rail-road Company to the Mercantile Trust and Deposit Company of Balti-more, Trustee, dated April 1st, 1893, and duly recorded. On motion of Mr. R. S. Tucker, the meeting adjourned sine die. W. J. HAWKINS, W. W. Vass, Chairman. Secretary. PRESIDENT'S REPORT. Office of the Raleigh & Gaston Railroad Co., Raleigh, N. C, November 9, 1893. To the Stockholders of the Raleigh & Gaston Railroad Co.: The Board of Directors submit the following report for the year ending with June 30, 1893 : The Company's receipts have been : From Passengers, $ 88,865 56 Mail, ... . . . 11,403 45 Express, 6,623 63 Baggage, 790 12 Car Mileage, ..... 43,956 12 Freight, . 313,491 17 Telegraph, 613 25 Louisburg Railroad, . . 9,016 48 Rents, 440 00 Other sources, .... 268 78 Making gross receipts from transportation, $475,674 67 Operating expenses, including taxes, have been 327,764 96 Leaving $147,909 71 In addition, the Company has also received : From Rents, . . $ 2,011 71 " Interest on Investments, a n d Accounts a n d Bills Receivable, . 77,196 93 " Premium on bonds sold, 2,060 00 81,268 64 Making a total revenue of .. . . $229,178 35 8 PEESIDENT S REPORT. There has been paid, Interest on Funded Debt, . $ 80,000 00 Loss in operating G., C. & N. Railway, . . 137,207 75 Loss in Company's Store, . 860 81 Dividends, . . . 30,000 00 248,068 56 Leaving a deficit of .... $ 18,890 21 There has been spent in permanent improvements and additions to property the sum of $6,520.81. The Seaboard Air Line Belt Railroad, connecting the Georgia, Carolina & Northern Railway with the Western & Atlantic Railroad at "Wanda" Junction, has been built, and in operation since November 23, 1892, giving the Georgia, Carolina & Northern Railway a connection, through the Western & Atlantic Railroad, with all roads at Atlanta, and enabling us to do a through business, both passenger and freight. We have also secured property in Atlanta for our freight depot, which is located most advantageously in a central position, and have arranged with the Western & Atlantic Railroad to use their tracks to reach it, we giving the use of one-half the depot, when built, for the use of their tracks. The past year has been one of great depression in the entire country, and this Company has not been exempt from its effects, but the cotton crop on the line is reported better than it has been for the last two years, and we might hope for a better business were it not for the strained con-dition of the finances of the country and the continual decrease in rates of freight and increase of taxation. On May 7, 1893, the Seaboard Air Line, in conjunction with the Atlantic Coast Line, the Richmond, Fredericks-burg & Potomac Railroad, and the Pennsylvania Railroad, have put on a fast Vestibule Express train, called the "Atlanta Special," running from Washington, D. G, via Richmond president's report. 9 and Welrloiij to Atlanta, Georgia, in twenty and one-half hours. This train is one of the most attractive in the South, and is composed of Pullman Vestibule Sleeping and Thor-oughfare Cars, built by the 'Pullman Palace Car Company. The several companies of the Seaboard Air Line have entered into an agreement with each other, by resolution of their respective Boards of Directors, to form a line to be known as the "Seaboard Air Line," and, in order to reduce expenses, to consolidate the working into a system under an organization which has been approved by the respective Boards of Directors, and is herewith submitted. By this consolidation of work a large, saving will be made. It becomes the painful duty of the Board to report to the stockholders the death of our late President. Mr. John M. Rpbinson, who departed this life February 14, 1893. The following resolution was passed by the Directors of this Company, which will express their sorrow at his loss: The Board of Directors of the Raleigh & Gaston Railroad Company have heard with profound regret of the death of John M. Robinson, for many years its President, which sad event occurred at his residence in the city of Baltimore on the 14th inst. In the early morning of that day the record of a busy and useful life was closed. The long and distin-guished services of Mr. Robinson, his untiring zeal and great ability, which finds its best evidence in the Seaboard Air Line System of rail-roads, of which this Company is a part, extending from Portsmouth, Va., to the city of Atlanta, Ga., renders it proper that this Board should place on record an acknowledgment of his services and the expression of its high appreciation of his eminent abilities. We lament his death as not only involving official loss, but it comes to each one of us as a personal sorrow. The reports of the Vice-President and General Manager, and the Treasurer's statements, together with the statement of the Treasurer of the Georgia, Carolina & Northern Rail-way Company, Lessees, are submitted with this report, and furnish all information in detail. This report is respectfully submitted by order of the Bdard. R. C. HOFFMAN, President. VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. Raleigh & Gaston Railroad Company, Office of General Manager, Norfolk, Va., September 4, 1893. R. C. Hoffman, Esq., President, Baltimore, Md. Sir :—I have the honor to submit the following report of the operations of this road for the fiscal year ending June 30, 1893 : Receipts : From Freights, . . $313,491 17 " Passengers, - . 88,868 56 " U. S. Mail, . . 11,403 56 " Express, . . . 6,623 63 " Ex. Baggage and Storage, 990 12 " Car Mileage, ,. . 43,956 12 " Telegraph, . . . 613 25 " Rents, ... 440 00 " Louisburg Railroad, . 9,019 48 " Other Sources, . 268 78 5,674 67 Expenses : Maint. Way and Structures, $ 47,098 39 Maintenance of Equipment, 82,704 95 Conducting Transportation, 128,611 44 Taxes, .... 1,153 94 General Expenses, . . 68,196 24 $327,764 96 Leaving a balance of ... $147,909 71 VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 11 PERMANENT IMPROVEMENTS. New Buildings, New Coal Chute, Raleigh, New Passenger Station, Raleigh, Cotton Platform, Telegraph Office, Weldon, New Machinery, $ 293 80 398 24 4,844 37 790 67 163 .52 30 21 1,520 81 While there has been a slight gain in receipts the expenses have increased, the principal increase being due to the unusually heavy repairs to locomotives and cars, and the increased insurance and legal expenses, together with the large outlay rendered necessary by the employment of solicitors throughout the country. During the year a considerable amount of ballasting has been done, and all the road has now been ballasted with rock or gravel, except about six miles. There has not been as much ditching done as we had hoped, having to take off the ditching train to reduce expenses as much as possible, owing to the dullness of the times. We hope to resume the train before winter, as there are places which must be ditched before the winter season. The same applies to the Louisburg branch. The short trestles at the end of the bridge at Jeffrey's Break have been thoroughly overhauled. Two culverts, one near Kittrell and one near Vaughan, need repairs, which will be made as soon as possible. The track in the main is in good condition. There have been 46,123 cross-ties put in during the year. We have on hand for future use 21,982. There have been two new pump-houses built, one at Warren Plains and one at Littleton, and several tanks raised to suit the height of the new engines. 12 VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. At Ridgeway the waiting-room for passengers has been made more comfortable, at a slight cost. The other build-ings, both passenger and freight, have been kept in repair. At Raleigh a small transfer shed was erected, to enable the transfer W freight, and thus reduce the number of cars in trains for points South. A cotton platform was erected in the northern part of the Raleigh }'ard for through cotton, the Raleigh platform at the Compress being too small. At Weldon there has been constructed a two-story house for telegraph office, the joint property of the Raleigh & Gaston and Seaboard & Roanoke Railroad Companies. The passenger station at Raleigh was completed and occupied August 21, 1892. This station is the property of the Raleigh & Gaston, Raleigh & Augusta, North Caro-lina and Richmond & Danville Railroads, and is one of the most creditable stations I have seen South. TONNAGE. Whole tons of freight originating on this road carried during the year, 47,138 tons; received from other roads, 231,877; total, 279,015. MACHINE DEPARTMENT. There have been eleven engines repaired belonging to this Company, three belonging to. the Seaboard Air Line equipment, and one for the Durham & Northern Railway. Besides the ordinary repairs of engines unusual repairs were made necessary owing to the fact that this road had to supply engines for other roads in- the System, which required those in service to do double work. There was added to the machinery in the shops one 84- inch lathe, at a cost of $4,144. There have been turned out of the shops 410 axles, 90 of which went to the Carolina Central Railroad. There were 755,621 pounds of castings VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 13 made; 232,253 pounds were sent to the Georgia, Carolina tfc Northern Railway, 102,341 pounds to the Carolina Central Railroad, 3,964 to the Durham & Northern Railway, 2,662 pounds to the North Carolina Car Company, and 114 pounds to the Egypt Railway. There were also made 22,687 pounds of brass castings. The Superintendent recommends the purchase of a sta-tionary engine for the carpenter shop. The engine now in use is old, and requires constant attention, and is liable to give out at any time. The boiler is new, having been purchased a year ago. We have rebuilt one passenger car, one flat car and eight box cars on account of this road, and three box cars for the Durham & Northern Railway, and equipped them with Janney couplers ; equipped fourteen Raleigh & Gaston pas-senger cars with quick-acting air brakes. Have repaired five coaches, one express car, two baggage cars, one hundred and thirty box cars, one hundred and sixty-seven fiat cars, three caboose cars, and one stock car for this road. For the Raleigh & Augusta Railroad, one shanty car, sixteen box cars and eleven flat cars ; one hundred and twenty-six foreign box cars have been repaired in our shops, and have raised to standard height draw-heads on thirteen Raleigh & Gaston box cars and three flat cars. You will remember that under existing laws we are required to have all of our freight and passenger cars to the standard height, and by July 1st, 1895, must have all freight cars equipped with automatic car couplers and air brakes. There were used during the year 1 ,583 cords of wood and 9,512 tons of coal. It is very important that coal chutes be built as soon as possible, as I am sure it will be a great saving in coal and labor. The following casualties occurred during the year: November 8, 1892, Abram Palmer had his thigh broken while shifting cars in Raleigh yard. 14 VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. December 20, 1892, Wm. Oatney had leg broken fall-ing into the turn-table pit at Raleigh. March 1st, 1893, John Conway had his arm broken while coupling cars. I eannot close this report without referring to the extra-ordinary depression in all business that affects transporta-tion companies; and I regret to say that we will commence a new year with a condition of affairs of the country such as I have not seen in years, if ever before. While the out-look for crops on the line of the road is good, yet it is a ques-tion if the people will be able, for want of means, to gather all they have made. Respectfully submitted, JOHN C. WINDER, Vice-President and General Manager. EQUIPMENT. 32 Locomotives—4 condemned. (See list). 1 Officer's Car (D) and one-quarter interest in cars A, B -and C. 17 Coaches. One destroyed by fire this year. 3 Combination Sleeper and Thoroughfare Cars. 1 Combination Second-class Passenger and Baggage Car. 4 Express Cars. Since last report two Baggage Cars were converted into Express Cars. 2 Mail Cars. 12 Caboose Cars. One destroyed by fire since last report. 289 Box Cars. Since last report four were destroyed by fire and four were condemned. 396 Flat Cars. Four new ones have been added this year. 20 Shanty Cars. 3 Stock Cars. 2 Tool Cars. 1 Telegraph Car. VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 15 LIST OF ENGINES OWNED BY THE RALEIGH & GASTON RAILROAD. Number. Cylinders. Weight in Tons. When Built. 226 14 x 24 35 1885 205 15 x 24 40 1872 207 15 x 24 40 1867 210 15 x 24 40 1872 200 16 x 24 50 1873 ' 202 16 x 24 50 1879 206 16 x 24 50 1883 212 16 x 24 5o 1879 213 16 x 24 50 1879 214 16 x 24 50 1881 215 16 x 24 50 1881 216 16 x 24 50 1883 217 16 x 24 5o 1883 219 16 x 24 5o 1884 220 16 x 24 5o 1885 221 16 x 24 5o 1885 222 16 x 24 5o 1888 227 16 x 24 5o 1889 232 16 x 24 5o 1881 233 16 x 24 5o 1884 223 18 x 24 70 1888 224 18 x 24 70 1888 225 18 x 24 70 1888 228 18 x 24 7o 1889 229 18 x 24 70 1889 230 18 x 24 70 1889 231 18 x 24 70 1889 234 19 x 24 80 1890 *203 12 X 24 30 1854 *208 14 x 24 35 1869 *2II 15 x 24 40 1870 *20I 11 x 24 20 1874 * Engines 203, 208, Walker. 211 and 201 were condemned by Messrs. Harding, Maglenn and 16 treasurer's report. INCOME ACCOUNT. Of the Raleigh & Gaston Railroad Company for the Fiscal Year Ending June 30, 1893. Gross Earnings from Operation $> 475, 674 67 Less Operating Expenses 326,(51102 Income from Operation $149,063 65 Dividend on Stock owned- — 7,216 00 Outside Rents 2,011 71 Interest received 69,980 93 Premiums on Bonds sold 2,060 00 81,268 64 Total Income $ 230,332 29 Deductions from Income — Interest on Funded Debt $ 80,000 00 Taxes 1,153 94 Loss in operating G., C. & X. Railway — .- — 137,207 75 Loss in Company's Store (1893) 860 81 219,222 50 Net Income ;'- $ 11,109 79 Dividend 2 per cent. Common Stock 30,000 00 Deficit for year ending June 30, 1893 $ 18,890 21 TREASURER S REPORT. 17 hi ^ 03 rofjO CO CO ^^O CT* CN CO to O « \0 rO O <T> On^O Tf o ^O 11 o o - i-h CO ^o N O ffiO n o u o !/• c cn fort a. t. 0/ 60 (N _ X CO 5 5 „ O t/> ' K Cfl ; t» bo ; ! to ; .2 <u 6fl B a) cj tr> " >— i ^° 6c_ a fa °'j a •2.2 " a, 60^ n a u so </i •— CO u ii Pnfe o o fa s -a 2 a 4-i 60, rf 60 <* ^ i» CJ c/> .2 60 « 5 * .a " to .t: to ^£ J 2 W§ 60.2 ^ O to a E W ,35 CJ n o a r^ a CJ O r: c 41 ,. HH Hh to u c oC > CO M C^M .to i • CJ ;*£ 1| OB CO 'H <« 3 in O 11 « i4 2 T; >> ! *- t^ o o o ^o o CN CO O U T3 * ! Q P S - 41 fl 3 C M '5 M £ fa g'tJt* gl jf 5 ° rt g <g o -5 1 a ^tS gw- 2 S £ o a p, o n ._ <y *j o e *i jB-<-n a O ^ O O w K M y uu £ u 60 ra JP M 5f'to V, o .fiptf - ' to to a a, CO aoj j5 a S o ° £ <« -j '-n-S tO O J O-x Hi-f i-TQ D to a s «* <u « MoSsS .2p^ cj j2 y I a </) tn a >» a "5 a o ra HH <u *^ co ^ h4W Q CJ 18 TREASURER S REPORT. 55 no O M >— i H U C2 >— ( Q w ft fc p Ou o PI > 171 <1 «! >-H Hi o a 55 uU < 55 <J i— ( to rtaM to P^ ffi ^ H o to O o H <« 55 to w § i-r to P< H « < w H H w >> s o ce aJ <u C - MO PX- 2 a to g ,_ c 2 B is Br « O ° ai S 5>>,a o *-°3 ^_^3£"C 5« in to j, 2jj pq P cl, (LI fli o.S *j en CO 3 i "> 13 SO«nVq.•2" &* ON 6 B<£ too aj a o 3 O OP i D «§ ON P. CO ' 1-1 50 O H § w !—1 I- - CO in <L> o ^ P C . g u ^ PhP On U0 NO NO cc r^ O to so CO oo CO CO -St VD NO NO NO ON oo co OS CO m"io r~~ ON in ON >i rO CN1 * IO ON *3= «* Ph s CO j- «•-£ a o o a; , £ P-. O 3 3 ^ o cr O I — a, ' '« S 1 <& o ^3.3 1= '3 .3° i O O <U - o 3 ^; <u , .— en <u o CO copq 3 I 3 £8 co * a a Ecu ^ D. u° n° 3 S^ 5 o o^ COOO cd o s-o •" o ^ en 3 O tn >-> 3 el) U Ul t^l C3 r •-• . . <» ai jJJ a» -; i-rC Oj(U<; l. <f<'T3 n3 , a O.^ n t: " *e 3 ^3 CO g-co -5 P "S to co ' CO O P CJ treasurer's report. 19 OPERATING EXPENSES Of the Raleigh "& Gaston Railroad Company for the Fiscal Year Ending June 30, 1893. I 47,098 39 $ 82,704 95 Maintenance of Way and Structures — ' Repairs of Roadway $29,643 57 Renewal of Ties 10,653 55 Repairs of Bridges, etc. 48893 Repairs of Fences, etc. 41 49 Repairs of Buildings 5,361 13 Repairs of Telegraph - 661 16 Other Expenses _ 248 56 Maintenance of Equipment — Repairs and Renewals of Locomotives- $32,227 33 Repairs of Passenger Cars 13,620 50 Repairs of Freight Cars 25,009 08 Shop Machine^ and Tools 5,092 95 Other Expenses _... 6,755 °9 Conducting Transportation — Wages Enginemen, Firemen, Roundhousemen_-$23,592 25 Fuel for Locomotives 33,38883 Water Supply for Locomotives 1,323 63 Other Supplies for Locomotives 1,637 24 Wages of other Trainmen 17,640 85 All other Train Supplies 3,539 80 Wagesof Switchmen, Flagmen and Watchmen-- 3,263 71 Expense of Telegraph, etc. 3, 941 82 Wages of Station Agents, Clerks and Laborers.- 29,765 24 Station Supplies 2,389 65 Car Mileage—balance 4,576 12 Loss and Damage ... . 2,699 °9 Injuries to Persons 454 60 Other Expenses 398 61 $128,611 44 Amount carried forward $258,414 78 20 treasurer's report. Operating Expenses—Continued. Amount brought forward #258,414 78 General Expenses — Salaries of Officers $20,512 64 Salaries of Clerks 7,487 54 General Office Expenses and Supplies _ 2,015 65 Agencies, including Salaries and Rents 3,957 80 Advertising 785 92 Insurance 11,077 TI Expenses of Traffic Association-. 5,26860 Rentals not otherwise provided for 1,862 41 Legal Expenses 8,665 64 Stationery and Printing 4,080 63 Other General Expenses 2,482 30 $ 68,196 24 $326,611 02 treasurer's report. 21 PERMANENT IMPROVEMENTS Of the Raleigh & Gaston Railroad Company for the Fiscal Year Ending June 30, 1893. New Buildings $ 293 80 Coal Chute, Raleigh 398 24 New Passenger Depot, Raleigh- 4,844 37 New Cotton Platform, Raleigh 79067 Union Telegraph Office, Weldou 163 52 New Machinery 30 21 $6,520 81 .fa
Object Description
Description
Title | Proceedings of adjourned annual meeting of stockholders |
Creator | Raleigh and Gaston Railroad Company. |
Date | 1893 |
Subjects |
Raleigh and Gaston Railroad Company--Periodicals Railroads--North Carolina--History--Periodicals Railroads--North Carolina--Periodicals Transportation |
Place |
North Carolina, United States |
Time Period | (1876-1900) Gilded Age |
Description | Caption title. |
Publisher | Raleigh, N.C. :[The Company],1872. |
Rights | State Document see http://digital.ncdcr.gov/u?/p249901coll22,63754 |
Physical Characteristics | 9 p. ;22 cm. |
Collection | Health Sciences Library. University of North Carolina at Chapel Hill |
Type | text |
Language | English |
Format |
Annual reports |
Digital Characteristics-A | 907 KB; 32 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 |
Audience | All |
Pres File Name-M | pubs_edp_proceedingsraleighgaston1893.pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_edp\images_master\ |
Full Text |
PROCEEDINGS
STOCKHOLDERS
RALEIGH & GASTON RAILROAD CO.,
AT THEIR
FORTY-THIRD ANNUAL MEETING,
HELD AT
Raleigh, November 9 and December 6 and 20, 1893.
ALSO ANNUAL REPORTS Of
PRESIDENT, VICE-PRESIDENT AND GENERAL
MANAGER, AND TREASURER.
RALEIGH:
E. M. Uzzelx, Steam Printer and Binder.
1893.
DIRECTORS.
LOUIS McLANE,
W. W. CHAMBERLAINE,
WM. J. HAWKINS,
JOS. B. BATCHELOR,
R. S. TUCKER,
W. C. STRONACH,
Baltimore, Md.
Norfolk, Va.
Raleigh, N. C.
Raleigh, N. C.
Raleigh, N. C.
Raleigh, N. C.
OFFICERS.
R. C. HOFFMAN, President, Baltimore, Md.
JNO. C. WINDER, Yice-Pres't and Gen'l Manager, Portsmouth, Ya.
L. T. MYERS, General Superintendent, Portsmouth, Ya.
T. W. WHISNANT, Superintendent, Portsmouth, Ya.
JNO. H. SHARP, Treasurer, Portsmouth, Ya.
W. W. VASS, Secretary, Raleigh, N. C.
J. B. MARTIN, General Auditor, Portsmouth, Ya.
W. A. WALTON, Auditor of Disbursements, Portsmouth, Ya.
JNO. M. SHERWOOD, Auditor of Receipts, Portsmouth, Ya.
ANNUAL MEETING OF STOCKHOLDERS.
The Forty-third Annual Meeting of the Stockholders of
the Raleigh & Gaston Railroad Company convened at the
office of the Company in Raleigh, pursuant to notice, on
the 9th of November, 1893, at 11:30 o'clock a. m.
The meeting was called to order by Mr. R. C. Hoffman,
President of the Company, on whose motion Mr. Enoch
Pratt, of Baltimore, was unanimously called to the chair,
and W. W. Vass appointed Secretary.
Mr. A. M. McPheeters, on the part of the Standing
Committee on Stock and Proxies, made the following report,
which was adopted :
Capital stock of the Company, 15,000 shares.
Shares represented in person, .... 2,077
Shares represented by proxy, .... 7,422
Total shares represented in meeting, . . 9,499
The Chairman announced that a majority of the stock
was represented, and that the meeting was ready for busi-ness.
Mr. R. C. Hoffman, President, submitted and read the
annual report of the President and Board of Directors,
which, on motion of Mr. John W. Scott, was received and
adopted, and, with accompanying .statements and docu-ments,
was placed on file.
By Mr. R. S. Tucker :
Ordered, That the following resolutions, passed at the
special meeting of the Board of Directors on 23d February
last, soon after the lamented death of the late President of
-I ANNUAL MEETING OF STOCKHOLDERS.
this Company, be spread upon the minutes of these pro-ceedings
:
Resolved, That the Board of Directors of the Raleigh & Gaston and
Raleigh & Augusta Air Line Railroad Companies have heard with pro-found
reguet of the death of John M. Robinson, for many years its Presi-dent,
which sad event occurred at his residence in the city of Baltimore
on the 14th instant. In the early morning of that day the record of a
busy and useful life was closed. The long and distinguished services of
Mr. Robinson, his untiring zeal and great ability, which finds its best
evidence in the Seaboai'd Air Line System of railroads—of which this
Company is a part—extending from Portsmouth, Va., to Atlanta, Ga.,
renders it proper that the Board should place on record an acknowledg-ment
of his services, and the expression of its high appreciation of his
eminent abilities. We lament his death as not only involving official
loss, but it comes to each one of us as a personal sorrow.
On motion .of Mr. Louis McLane, the following resolu-tion
was adopted :
Resolved, That the action of the Board of Directors in adopting the
plan of organization and making this Company a part of the Seaboard
Air Line be and the same is hereby ratified, approved and confirmed.
On motion of Mr. R. S. Tucker, the following was
adopted :
Be it resolved, That the action of the Board of Directors in separating
the offices of Secretary and Treasurer be and the same is hereby approved,
ratified and confirmed; and that the resolution of the Board defining
the duties of said officers respectively be also confirmed and approved.
The following was presented and adopted
:
Be it resolved, That the Treasurer of this Company be and he is hereby
made the custodian of the corporate seal of this Company, with author-ity
to affix and attach the same to all certificates of stock and other con-tracts
and papers requiring such corporate seal.
Resolved 2d, That any by-law of this Company in conflict with the
foregoing resolution is hereby repealed.
On motion of Mr. R. S. Tucker, seconded by Mr. John
W. Scott, the Stockholders proceeded to ballot for a Presi-dent
for the next ensuing year—the Secretary acting as
ANNUAL MEETING OF STOCKHOLDERS. 5
teller—resulting in the unanimous election of R. C. Hoff-man,
Esq., of Baltimore.
On motion of Mr. John W. Scott, the meeting went into
the election of six Directors, the Secretary being appointed
teller, who reported subsequently the due election of
—
Louis McLane, having received . . . 9,499 votes.
W. W. Chamberlaine, having received . 9,499
Dr. W. J. Hawkins, having received . 9,499
R. S. Tucker, having received .... 9,499
Jos. B. Batchelor, having received . . 9,499
W. G. Stronach, having received . . . 9,499
On motion of Mr. R. S. Tucker, Messrs. W. W. Vass
and A. M. McPheeters were re-appointed Committee on
Stock and Proxies.
On motion of Mr. R. C. Hoffman, President, the meet-ing
adjourned to Wednesday, the 6th of December, 1893,
at 11 o'clock a. m.
Raleigh, December 6, 1893.
Pursuant to adjournment on the 6th instant, the Stock-holders
met to-day at the office of the Company at 11
o'clock a. m.
The Chairman, Enoch Pratt, Esq., being absent, on
motion of Mr. W. C. Stronach, Dr. W. J. Hawkins was
chosen Chairman, and called the meeting to order.
On motion of Mr. R. S. Tucker, seconded by J. B.
Batchelor, Esq., the following was adopted :
Resolred, That this meeting do now adjourn to meet on Wednesday,
the 20th instant, at 11 o'clock a. m., at the office of the Company in
Raleigh, N. C.
Whereupon the Chairman declared the meeting duly
adjourned to the 20th instant.
6 ANNUAL MEETING OF STOCKHOLDERS.
Raleigh, December 20, 1893.
The Stockholders of the Company convened to-day, pur-suant
to adjournment, at the office of the Company in
Raleigh, at 11 o'clock a. m.
The Chairman, Dr. W. J. Hawkins, resumed the chair
and called the meeting to order.
Mr. R, C. Hoffman, President of the Company, offered
the following resolution, which was unanimously adopted:
Resolved, That the Board of Directors of this Company be and they
are hereby authorized and empowered, upon such terms and conditions
as they may consider expedient, to contract in the name and on behalf
of this Company, in its own right, and also as lessee of the Georgia,
Carolina & Northern Railway Company, either alone or jointly and sev-erally
with another company, or other companies, for the use, mainte-nance,
operation and equipment of the railroad, terminals and propert}-
of the Seaboard Air Line Belt Railroad Company; and in the name and on
behalf of this Company, either alone or jointly and severally with another
company or other companies, to guarantee and covenant for the punctual
payment of the principal and interest, over and above and clear of all taxes,
levied or that may be levied, by, or under the authority of, the State of
Georgia, or of the United States of America, of every one and all the
bonds secured by the indenture from the Seaboard Air Line Belt Rail-road
Company to the Mercantile Trust and Deposit Company of Balti-more,
Trustee, dated April 1st, 1893, and duly recorded.
On motion of Mr. R. S. Tucker, the meeting adjourned
sine die. W. J. HAWKINS,
W. W. Vass, Chairman.
Secretary.
PRESIDENT'S REPORT.
Office of the Raleigh & Gaston Railroad Co.,
Raleigh, N. C, November 9, 1893.
To the Stockholders of the Raleigh & Gaston Railroad Co.:
The Board of Directors submit the following report for
the year ending with June 30, 1893 :
The Company's receipts have been
:
From Passengers, $ 88,865 56
Mail, ... . . . 11,403 45
Express, 6,623 63
Baggage, 790 12
Car Mileage, ..... 43,956 12
Freight, . 313,491 17
Telegraph, 613 25
Louisburg Railroad, . . 9,016 48
Rents, 440 00
Other sources, .... 268 78
Making gross receipts from transportation, $475,674 67
Operating expenses, including taxes, have been 327,764 96
Leaving $147,909 71
In addition, the Company has also received :
From Rents, . . $ 2,011 71
" Interest on Investments,
a n d Accounts a n d
Bills Receivable, . 77,196 93
" Premium on bonds sold, 2,060 00 81,268 64
Making a total revenue of .. . . $229,178 35
8 PEESIDENT S REPORT.
There has been paid,
Interest on Funded Debt, . $ 80,000 00
Loss in operating G., C. &
N. Railway, . . 137,207 75
Loss in Company's Store, . 860 81
Dividends, . . . 30,000 00 248,068 56
Leaving a deficit of .... $ 18,890 21
There has been spent in permanent improvements and
additions to property the sum of $6,520.81.
The Seaboard Air Line Belt Railroad, connecting the
Georgia, Carolina & Northern Railway with the Western &
Atlantic Railroad at "Wanda" Junction, has been built, and
in operation since November 23, 1892, giving the Georgia,
Carolina & Northern Railway a connection, through the
Western & Atlantic Railroad, with all roads at Atlanta,
and enabling us to do a through business, both passenger
and freight. We have also secured property in Atlanta for
our freight depot, which is located most advantageously in
a central position, and have arranged with the Western &
Atlantic Railroad to use their tracks to reach it, we giving
the use of one-half the depot, when built, for the use of their
tracks.
The past year has been one of great depression in the
entire country, and this Company has not been exempt
from its effects, but the cotton crop on the line is reported
better than it has been for the last two years, and we might
hope for a better business were it not for the strained con-dition
of the finances of the country and the continual
decrease in rates of freight and increase of taxation.
On May 7, 1893, the Seaboard Air Line, in conjunction
with the Atlantic Coast Line, the Richmond, Fredericks-burg
& Potomac Railroad, and the Pennsylvania Railroad,
have put on a fast Vestibule Express train, called the "Atlanta
Special," running from Washington, D. G, via Richmond
president's report. 9
and Welrloiij to Atlanta, Georgia, in twenty and one-half
hours. This train is one of the most attractive in the South,
and is composed of Pullman Vestibule Sleeping and Thor-oughfare
Cars, built by the 'Pullman Palace Car Company.
The several companies of the Seaboard Air Line have
entered into an agreement with each other, by resolution of
their respective Boards of Directors, to form a line to be
known as the "Seaboard Air Line," and, in order to reduce
expenses, to consolidate the working into a system under an
organization which has been approved by the respective
Boards of Directors, and is herewith submitted. By this
consolidation of work a large, saving will be made.
It becomes the painful duty of the Board to report to the
stockholders the death of our late President. Mr. John M.
Rpbinson, who departed this life February 14, 1893. The
following resolution was passed by the Directors of this
Company, which will express their sorrow at his loss:
The Board of Directors of the Raleigh & Gaston Railroad Company
have heard with profound regret of the death of John M. Robinson, for
many years its President, which sad event occurred at his residence in
the city of Baltimore on the 14th inst. In the early morning of that day
the record of a busy and useful life was closed. The long and distin-guished
services of Mr. Robinson, his untiring zeal and great ability,
which finds its best evidence in the Seaboard Air Line System of rail-roads,
of which this Company is a part, extending from Portsmouth, Va.,
to the city of Atlanta, Ga., renders it proper that this Board should place
on record an acknowledgment of his services and the expression of its
high appreciation of his eminent abilities. We lament his death as not
only involving official loss, but it comes to each one of us as a personal
sorrow.
The reports of the Vice-President and General Manager,
and the Treasurer's statements, together with the statement
of the Treasurer of the Georgia, Carolina & Northern Rail-way
Company, Lessees, are submitted with this report, and
furnish all information in detail.
This report is respectfully submitted by order of the Bdard.
R. C. HOFFMAN,
President.
VICE-PRESIDENT AND GENERAL MANAGER'S
REPORT.
Raleigh & Gaston Railroad Company,
Office of General Manager,
Norfolk, Va., September 4, 1893.
R. C. Hoffman, Esq., President,
Baltimore, Md.
Sir :—I have the honor to submit the following report of
the operations of this road for the fiscal year ending June
30, 1893 :
Receipts :
From Freights, . . $313,491 17
" Passengers, - . 88,868 56
" U. S. Mail, . . 11,403 56
" Express, . . . 6,623 63
" Ex. Baggage and Storage, 990 12
" Car Mileage, ,. . 43,956 12
" Telegraph, . . . 613 25
" Rents, ... 440 00
" Louisburg Railroad, . 9,019 48
" Other Sources, . 268 78
5,674 67
Expenses :
Maint. Way and Structures, $ 47,098 39
Maintenance of Equipment, 82,704 95
Conducting Transportation, 128,611 44
Taxes, .... 1,153 94
General Expenses, . . 68,196 24
$327,764 96
Leaving a balance of ... $147,909 71
VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 11
PERMANENT IMPROVEMENTS.
New Buildings,
New Coal Chute, Raleigh,
New Passenger Station, Raleigh,
Cotton Platform,
Telegraph Office, Weldon,
New Machinery,
$ 293 80
398 24
4,844 37
790 67
163 .52
30 21
1,520 81
While there has been a slight gain in receipts the
expenses have increased, the principal increase being due
to the unusually heavy repairs to locomotives and cars, and
the increased insurance and legal expenses, together with
the large outlay rendered necessary by the employment of
solicitors throughout the country.
During the year a considerable amount of ballasting has
been done, and all the road has now been ballasted with
rock or gravel, except about six miles. There has not been
as much ditching done as we had hoped, having to take off
the ditching train to reduce expenses as much as possible,
owing to the dullness of the times. We hope to resume
the train before winter, as there are places which must be
ditched before the winter season. The same applies to the
Louisburg branch.
The short trestles at the end of the bridge at Jeffrey's
Break have been thoroughly overhauled. Two culverts,
one near Kittrell and one near Vaughan, need repairs,
which will be made as soon as possible.
The track in the main is in good condition. There have
been 46,123 cross-ties put in during the year. We have on
hand for future use 21,982.
There have been two new pump-houses built, one at
Warren Plains and one at Littleton, and several tanks
raised to suit the height of the new engines.
12 VICE-PRESIDENT AND GENERAL MANAGER'S REPORT.
At Ridgeway the waiting-room for passengers has been
made more comfortable, at a slight cost. The other build-ings,
both passenger and freight, have been kept in repair.
At Raleigh a small transfer shed was erected, to enable the
transfer W freight, and thus reduce the number of cars in
trains for points South. A cotton platform was erected in
the northern part of the Raleigh }'ard for through cotton,
the Raleigh platform at the Compress being too small. At
Weldon there has been constructed a two-story house for
telegraph office, the joint property of the Raleigh & Gaston
and Seaboard & Roanoke Railroad Companies.
The passenger station at Raleigh was completed and
occupied August 21, 1892. This station is the property
of the Raleigh & Gaston, Raleigh & Augusta, North Caro-lina
and Richmond & Danville Railroads, and is one of the
most creditable stations I have seen South.
TONNAGE.
Whole tons of freight originating on this road carried
during the year, 47,138 tons; received from other roads,
231,877; total, 279,015.
MACHINE DEPARTMENT.
There have been eleven engines repaired belonging to
this Company, three belonging to. the Seaboard Air Line
equipment, and one for the Durham & Northern Railway.
Besides the ordinary repairs of engines unusual repairs
were made necessary owing to the fact that this road had
to supply engines for other roads in- the System, which
required those in service to do double work.
There was added to the machinery in the shops one 84-
inch lathe, at a cost of $4,144. There have been turned
out of the shops 410 axles, 90 of which went to the Carolina
Central Railroad. There were 755,621 pounds of castings
VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 13
made; 232,253 pounds were sent to the Georgia, Carolina
tfc Northern Railway, 102,341 pounds to the Carolina Central
Railroad, 3,964 to the Durham & Northern Railway, 2,662
pounds to the North Carolina Car Company, and 114 pounds
to the Egypt Railway. There were also made 22,687 pounds
of brass castings.
The Superintendent recommends the purchase of a sta-tionary
engine for the carpenter shop. The engine now in
use is old, and requires constant attention, and is liable to
give out at any time. The boiler is new, having been
purchased a year ago.
We have rebuilt one passenger car, one flat car and eight
box cars on account of this road, and three box cars for the
Durham & Northern Railway, and equipped them with
Janney couplers ; equipped fourteen Raleigh & Gaston pas-senger
cars with quick-acting air brakes. Have repaired
five coaches, one express car, two baggage cars, one hundred
and thirty box cars, one hundred and sixty-seven fiat cars,
three caboose cars, and one stock car for this road. For
the Raleigh & Augusta Railroad, one shanty car, sixteen
box cars and eleven flat cars ; one hundred and twenty-six
foreign box cars have been repaired in our shops, and have
raised to standard height draw-heads on thirteen Raleigh
& Gaston box cars and three flat cars. You will remember
that under existing laws we are required to have all of our
freight and passenger cars to the standard height, and by
July 1st, 1895, must have all freight cars equipped with
automatic car couplers and air brakes.
There were used during the year 1 ,583 cords of wood and
9,512 tons of coal. It is very important that coal chutes
be built as soon as possible, as I am sure it will be a great
saving in coal and labor.
The following casualties occurred during the year:
November 8, 1892, Abram Palmer had his thigh broken
while shifting cars in Raleigh yard.
14 VICE-PRESIDENT AND GENERAL MANAGER'S REPORT.
December 20, 1892, Wm. Oatney had leg broken fall-ing
into the turn-table pit at Raleigh.
March 1st, 1893, John Conway had his arm broken while
coupling cars.
I eannot close this report without referring to the extra-ordinary
depression in all business that affects transporta-tion
companies; and I regret to say that we will commence
a new year with a condition of affairs of the country such
as I have not seen in years, if ever before. While the out-look
for crops on the line of the road is good, yet it is a ques-tion
if the people will be able, for want of means, to gather
all they have made. Respectfully submitted,
JOHN C. WINDER,
Vice-President and General Manager.
EQUIPMENT.
32 Locomotives—4 condemned. (See list).
1 Officer's Car (D) and one-quarter interest in cars A,
B -and C.
17 Coaches. One destroyed by fire this year.
3 Combination Sleeper and Thoroughfare Cars.
1 Combination Second-class Passenger and Baggage Car.
4 Express Cars. Since last report two Baggage Cars
were converted into Express Cars.
2 Mail Cars.
12 Caboose Cars. One destroyed by fire since last report.
289 Box Cars. Since last report four were destroyed by
fire and four were condemned.
396 Flat Cars. Four new ones have been added this year.
20 Shanty Cars.
3 Stock Cars.
2 Tool Cars.
1 Telegraph Car.
VICE-PRESIDENT AND GENERAL MANAGER'S REPORT. 15
LIST OF ENGINES OWNED BY THE RALEIGH & GASTON
RAILROAD.
Number. Cylinders. Weight in Tons. When Built.
226 14 x 24 35 1885
205 15 x 24 40 1872
207 15 x 24 40 1867
210 15 x 24 40 1872
200 16 x 24 50 1873 '
202 16 x 24 50 1879
206 16 x 24 50 1883
212 16 x 24 5o 1879
213 16 x 24 50 1879
214 16 x 24 50 1881
215 16 x 24 50 1881
216 16 x 24 50 1883
217 16 x 24 5o 1883
219 16 x 24 5o 1884
220 16 x 24 5o 1885
221 16 x 24 5o 1885
222 16 x 24 5o 1888
227 16 x 24 5o 1889
232 16 x 24 5o 1881
233 16 x 24 5o 1884
223 18 x 24 70 1888
224 18 x 24 70 1888
225 18 x 24 70 1888
228 18 x 24 7o 1889
229 18 x 24 70 1889
230 18 x 24 70 1889
231 18 x 24 70 1889
234 19 x 24 80 1890
*203 12 X 24 30 1854
*208 14 x 24 35 1869
*2II 15 x 24 40 1870
*20I 11 x 24 20 1874
* Engines 203, 208,
Walker.
211 and 201 were condemned by Messrs. Harding, Maglenn and
16 treasurer's report.
INCOME ACCOUNT.
Of the Raleigh & Gaston Railroad Company for the Fiscal Year
Ending June 30, 1893.
Gross Earnings from Operation $> 475, 674 67
Less Operating Expenses 326,(51102
Income from Operation $149,063 65
Dividend on Stock owned- — 7,216 00
Outside Rents 2,011 71
Interest received 69,980 93
Premiums on Bonds sold 2,060 00 81,268 64
Total Income $ 230,332 29
Deductions from Income
—
Interest on Funded Debt $ 80,000 00
Taxes 1,153 94
Loss in operating G., C. & X. Railway — .- — 137,207 75
Loss in Company's Store (1893) 860 81 219,222 50
Net Income ;'- $ 11,109 79
Dividend 2 per cent. Common Stock 30,000 00
Deficit for year ending June 30, 1893 $ 18,890 21
TREASURER S REPORT. 17
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