###*##$N**#$|^^
PROCEEDINGS
& OF THE
47TH ^^nsr3STTJJL.Ij ZMIEETIIfcTGi-
OF THE
STOCKHOLDERS
*
OF THE
1 Atlantic! North Carolina R.R. CoJ
7)5 HELD AT
ZST:e-^7- IBiEiRiisr, ZLT. CL
T^ursday, Sept. 26t^, 1901. |
&
NEW BERN, N. C.
N. S. RICHARDSON & SON, GENERAL PRINTERS,
1901.
*
I
^w sf ajSo*&***>-
9c
OF THE
47th ANNUAL MEETING OF THE STOCKHOLDERS
OF THE
ATLANTIC & N. C. RAILROAD COMPANY.
New Bern, N. C, September 26th, 1901.
The 47th Annual Meeting of the Stockholders of the At-lantic
and North Carolina Railroad Company is held at thfe
Company's Offices in 'New Bern, N. C, on the 4th Thursday in
September, 1901, it being the 26th day of said month.
The meeting was called to order by President James A.
Bryan, who requested Joseph E. Robinson to act as temporary
chairman, and George Green and J. J. Royal, and such repre-sentatives
of the Press as were present, as Secretaries.
The Proxy Committee, through its Chairman, Henry R.
Bryan, Jr., submit the following report, which is read by the
Secretary, and on motion adopted, to-wit:
New Bern, N. C, September 26th, 1901.
To the Stockholders of the Atlantic and North Carolina
Railroad Company
:
Gentlemen—We, your Proxy Committee, beg to report
that we have examined all the Proxies presented to us aud find
the following stock to be represented in person and by proxy
:
private stock. 4774 shares. 1113 votes, as follows :
W. W. Crawford 3 shares 2 votes.
]). R. Davis 5
D. W. Patrick 39
V-ill Webb 53
S. I. Wooten 101
Jam°s A. Bryan 225
Dempsey Wood 2817
M. M. Marks 7
W. L. Arendell 6
D. Oettino-er 23
3 a
27 it
41 u
60 it
148 a
637 a
7 a
4 a
23 a
Co. of Pamlico by C. A. Flowers 202 shaves 26 votes.
Co. of Craven by K. R. Jones 1293 " . . 135 "
State stock,
J. W. Grainger, Proxy 12666 " 350 n
Total Shares 17440 Votes 1463
Eespectfully submitted,
Henry R. Bryan, Jr.,
Chmn. Proxy Committee.
On motion the temporary organization is made permanent.
The report of the President is read, and on motion of Henry
Weil, is adopted.
On motion of L. Harvey the reading of the reports of the
other officers and the Finance Committee is dispensed with, they
having already been printed and distributed among the stock-holders.
J. W. Grainger, State Proxy, announces the appointment of
the following Directors on the part of the State, viz
:
C. M. Bnsbee, of Wake County.
W. H. Smith, of Wayne County.
L. Harvey, of Lenoir County.
J. C. Parker, of Jones County.
James A. Bryan, of Craven County.
T. W. Dewey,
R. W. Taylor, of Carteret County.
L. G. Daniels, of Pamlico County.
Nominations for Directors on the part of the private stock-holders
being declared in order, S. I. Wooten places in nomina-tion
the following, viz
:
Henry Weil, C. E. Foy, Dempsey Wood and E. C. Duncan.
There being no other nominations, on motion of George N.
Ives, the Secretary was instructed to cast the entire vote repre-sented
in the meeting by the private Stockholders for the above
named gentlemen, which is accordingly done, and they each re-ceiving
1113 votes are declared duly elected.
The following are placed in nomination by Dempsey Wood
as members of the Finance Committee, to-wit:
T. A. Green, F. W. Hughes, J. A. Meadows.
4
There being no other nominations on motion the Secretary
was instructed to cast the unanimous vote of the meeting for
the above named gentlemen, which is accordingly done, and they
each receiving 1463 votes are declared duly elected.
The following are placed in nomination by Dempsey Wood
as Proxy Committee, to-wit:
H. R. Bryan, Jr.,
George Dees,
W. B. Blades,
Mark Disosway,
J. F. Taylor,
'
E. B. Hackburn,
N. W. Taylor,
S. C. Sugg,
D. Oettinger,
W. L. Arendell,
W. L. Kennedy,
Dr. Frank Boyette,
Geo. N. Ives,
E. VV. Rosenthal,
D. V. Dixon,
T. W. Mewborne,
M. M. Marks,
John Forlow,
C. T. Watson,
T. G. Hyman,
E. H. Meadows,
K. R. Jones,
Simeon Wooten,
George Sumrell,
J. W. Potter,
Joseph Baxter,
Charles Dewey.
Charles S.
nomination.
Wallace and N. M. Jurney are also placed in
On motion a Stock vote is ordered, and W. M. Webb and C.
L. Abernethy appointed Tellers.
The vote is thereupon taken and announced by the Tellers
as follows, to-wit:
H. R. Bryan, Jr., receives 1463 votes.
W. L. Arendell
C. T. Watson receives
George Dees receives
W. L. Kennedy receives
T. G. Hyman receives
W. B. Blades receives
Dr. Frank Boyette receives 1463
E. H. Meadows receives
Mark Disosway receives
Geo. N. Ives receives
K. R. Jones receives
J. F. Taylor receives
E. W. Rosenthal receives
Simeon Wooten receives
E. B. Hackburn receives
D. V. Dixon receives
George Sumrell receives
N. W. Taylor receives
T. W. Mewborne receives
1463 n
1463 a
1463 a
1463 tt
1453 u
1463 ft
a
1463 it
1463 tt
1463 it
1463 tt
1463 tt
1463 it
1463 it
1463 it
1463 tt
1463 it
1463 it
1463 tt
J. H. Potter receives 1463 votes.
S. C. Sugg receives 1463 a
M. M. Marks receives ' 1463 ((
Joseph Baxter receives 1463 a
D. Oettihger receives 1463 "(C
John Forlow receives 1463 («
Charl es Dewey receives 1463 a
C. S. Wallace receives 1463 a
N. M. Jurney receives 727 ((
H. R. Bryan, Jr., W. L. Arendell, C. T. Watson,
George Dees, W. L. Kennedy, T. G. Hynian,
W. B. Blades, Dr. Frank Boyette, E. H. Meadows,
Mark Disosway, Geo. N. Ives, K. R. Jones,
J. P. Taylor,
'
E. W. Rosenthal, Simeon Wooten,
E. B. Hackburn, D. V. Dixon, George Sumrell,
K W. Taylor, T. W. Mewborne, J. H. Potter,
S. C. Sugg, ' M. M. Marks, Joseph Baxter,
D. Oettinger, John Forlow, Charles Dewey,
C. S. Wallace,
having each received a majority of all the votes cast are declared
duly elected as "PROXY COMMITTEE."
The following resolution is offered by L. Harvey and unani-mously
adopted, to-wit:
Resolved, That the salary of the President be increased to
$2,500 per annum from and after this date.
On motion of M. DeW. Stevenson, the special attention of
the Board of Directors is called to that portion of the President's
Report relative to the funding of the bonded debt.
On motion of C. E. Foy, the next annual meeting of the
Stockholders was ordered held at New Bern, N. C, on the 4th
Thursday in September, 1902.
There being no further business, on motion the meeting
adjourned.
Joseph E. Robinson",
George Green, Chairman.
J. J. Royal,
Secretaries.
PRESIDENTS REPORT.
New Bern, N. C, September 26th, 1901.
To the Stockholders of the Atlantic and North Carolina Railroad Co.
Gentlemen:
We beg' to submit for your consideration this the Forty-
Seventh Annual Report of your Company:
—
Having embodied in our report of September 27th, 1900, a full
and comprehensive statement as to the condition and needs of your
property, we deem it necessary at this time to lay before you only
that which has been done since in furtherance of the views therein
expressed, and to call your attention to the work yet needed to bring
it up to the standard of efficiency imperatively required in order to
enable it to conduct its increasing traffic rupon a safe, expeditious
and profitable basis.
It gives us pleasure therefore, to state that the brick warehouse
at Goldsboro 200 ft. long by 60 ft. wide, is rapidly nearing comple-tion,
and will, in a very short time, be in active use, and we believe
will add much to the business of your Company at that point. Its
cost has exceeded the original estimate of $6,500 and when completed
will reach the sum of about $8,500. We feel satisfied, however, that
the increased traffic incident thereto will prove the expenditure a
wise one. The old warehouse needs extensive repairs. Its platforms
will in great part have to be made entirely new, and both platforms
and floor should be raised to the level of the car floors.
The brick warehouse at Kinston, 220 ft. long by 40 ft. wide, with
the exception of its gutters has been built at a cost of $6824, and is
in full operation, and the Road, in the increase of business at'that
point, is feeling the benefit of its erection. The fact is that had it
not been built the Road could not, without the risk of great and seri-ous
loss arising from damage by weather to goods in transit, have
conducted the business offered it.
At Tuscarora the new warehouse built at a cost of S523. 65 has
come fully up to our predictions, and has proven a judicious invest-ment.
At New Bern the old and dilapidated building used as a car
shop has been replaced by a handsome brick structure two stories
high, 60 ft. wide and 110 ft. long. The lower story will be used as
a pattern and varnish shop, where the valuable collection of patterns
of your Company can be properly assorted and cared for, and the
necessary pattern work performed, and where the varnish work can
2
be carried on free from dust. At present the patterns are piled up
indiscriminately in an old and leaky building-, and the pattern and
varnish work done in the new paint shop.
Connecting- with the car shop, a new and commodious wood
working shop 60 ft. by 80 ft. into which a part of the necessary ma-chinery
has been placed, has been built, and connecting with that a
new and modern foundry 40 ft. by 60 ft. with both side and sky lights
has been put up. These buildings are in use, but will not be finally
completed for several weeks to come. The paucity of the Roads fa-cilities
were so great that we were compelled to occupy and use them
before the roofs were on. The aggregate cost to date of the different
structures has been $13,208.97.
The old foundry is being prepared for a blacksmith shop, and
the present blacksmith shop will be thrown into and made a part of
the machine shop, thereby affording long needed additional room
and enabling repairs to be made upon three engines at the same
time, if necessary, instead of only one as at present.
The Round House, its pits etc., have been repaired and put in
good order. Its roof is rotten, but which with constant repairing
and patching we have, up to this time, been able to make out with
it. The demands of the Road at more vital points have prevented
its repair, but it will shortly have to be replaced by a new one, the
cost of which will fall not far below One Thousand Dollars.
The Road owns fourteen engines, and the Round House affords
accommodation for but seven. It should be enlarged sufficiently to
provide at least twelve stalls, so that all the engines likely to be in
the yard at night can be housed and protected from the weather.
The new paint shop, a handsome brick structure, with the ex-ception
of its doors, temporary ones having been hung to keep out
the weather, has been finished at a cost of $3,742.51 and is in use;
and for the first time in many years your Company has a suitable
place in which to paint and care for its coaches.
The guano warehouse on Neuse River 60 ft. wide by 210 ft. long
has been completed and is in use. Its receipts from storage on guano
were $722.00. Had it been completed earlier, they would have been
larger.
The warehouse on Trent River, 240 ft. long by 60 ft. wide, with
the exception of the offices and the driving of a few fender piles, is
finished and in use. The aggregate cost of these warehouses has
been $23,149.90. Without this warehouse it would have been simply
impossible for your Road to have handled the volume of business
offered it. The old brick warehouse on Neuse River which, when
the necessary repairs are made, will be used for Steamer freights
only, was totally inadequate for the traffic. Badly located, impossi-
ble of approach on the north by reason of the presence of lumber
mills* and hemmed in on both sides by a line of track constantly
used for shifting- cars in order to load and unload them, draymen
could not reach the platform without frequently jeopardizing their
own as well as the lives of their teams, and freight could not, with-out
great difficulty and delay, be received and delivered the same
day, or in fact at any time at all. The inconvenience and danger
attending the use of that warehouse was fast driving the business to
the Steamers, and its abandonment for the local business of New
Bern became a necessity, as the result of transferring it to the new
warehouse on the Trent has abundantly proved.
Having been notified by the authorities of the City of New Bern
that the price of the water supplied to our shops and engines, at that
time $380 per annum, would be advanced, and about $1000 suggested
as the sum that would thereafter be charged, we erected a 20,000
gallon tank upon a steel stand 35 ft. high at an outside cost of tank,
pumps, pipes and plant complete of $1,200. When the tank was
near completion, we were notified that if we would permit the town
to pump the water into it and take our supply therefrom that the
price would be $600, but if we preferred to take it from the City main
direct, the annual price would be $800. Both propositions were de-clined.
The cost of supplying the shops and engines with water now
is the interest on the plant and cost of keeping up the pumps which
supply the tank and the oil they use, which as the steam is furnish-ed
by the large stationary shop boiler, we estimate does not exceed
$100 per year. The money saved will soon pay for the entire outfit.
We still use the City water in connection with the toilets etc. in the
passenger depot, but shall be forced to discontinue it unless a more
reasonable rate can be obtained. The interest of the Road demands
that it furnish its own water supply at every point where water is
needed, which if it provides itself with proper facilities, it can do
for less than one-third of the amount it has been paying for many
years past.
The new warehouse at Croatan has been finished and is in use,
and has proved, as predicted, a good investment for the Road. It
cost $746. 12.
The Pier at Morehead City, the piles of which, except under the
north trestle where new piles had been placed to enable the cars to
reach the warehouse, had become dangerously rotten and defective,
many of them having been, eaten in two by the teredo, is being rap-idly
and substantially rebuilt, and will be completed by the middle
or latter part of October.
The sills of the warehouse where exposed to the weather are
badly rotted and will be replaced with new ones as soon as the work
4
upon the Pier is finished. Several of the iron piles under the house
are missing-, washed out no doubt by the storms, and will have to
be replaced. Nearly every fender pile around the house has been
destroyed by the teredo, and new ones will have to be put down.
The house itself seems to be in good condition. The cost of this
work is estimated at Five to Seven Thousand Dollars, it being- im-possible
to accurately estimate the cost of repairing the substructure
of the house until the full extent of the decay has been ascertained,
which cannot be done until the old work is torn out. When finished,
the Pier will be thoroughly lighted at night and the danger to pas-sengers,
which by reason of insufficient lighting since the day of its
construction, has been great, will be reduced to a minimum.
The water supply at Morehead City having virtually failed, and
not being able to make satisfactory arrang-ements with the Ice Com-panj'
to fill our tank, we bored a well near the Pier 267 ft. deep and
cased it with iron pipe 167 ft. below the surface, from which a plen-tiful
supply of most excellent water has since been obtained. The
old tank at Morehead being too rotten to repair has been torn down,
and a new 32,000 gallon tank and pump house with gasoline engine
put at the new well on the Pier. No further trouble is anticipated.
Since the erection of this tank all vessels entering the harbor for
water have been supplied by your Company at the rate of l/i cent
per gallon, which has thus far yielded sufficient revenue to pay the
expense of supplying water for the engine.
' The supply of water at Newport having failed also, and the
tank being rotten, it has been pulled down and a new tank and
pump house with steam pump have been erected at Croatan, where
your Company owns a fine well of water encased with brick. This
is one of the original water stations and is said to have the finest
well of water on the Road; but for reasons unknown to the writer
was abandoned, and the tank removed to Newport eleven miles west
of Morehead City. Croatan is now one of the chief logging stations
on the Road, and water thereat is an indispensable necessity.
A neat little station for the accommodation of Northern Winter
visitors, hunters etc. has. been erected at "The Elms" and will re-pay
your Company its cost of $275.
Pumping stations and new tanks are needed at Core Creek,
Kinston, and LaGrange. Warehouses and passenger accommoda-tions
commensurate in size with the business done at the different
points are badly needed at Beston, Falling Creek, Caswell, Dover,
Core Creek, Clarks, Riverdale, Havelock, Wild wood and Morehead
City. At some of these places your Company does not own a shin-gle,
having to use its cars for warehouses.
5
The Pier at the old brick warehouse at New Bern is in impera-tive
need of extensive repairs, the piles supporting- it, its roof and its
sills being- in great part rotten and unsafe. It is proposed to make
these repairs as soon as the work on the Morehead City Pier is
completed.
Since we assumed the management of your property, by reason
of the increased facilities for the transaction of business, many in-dustrial
plants have been located along its line, the lumber traffic
has nearly doubled, and with proper and continued effort its gen-eral
business can also be increased to proportions largely in excess
of its present volume.
We have put in your Road 53.571 cross ties, and used in the re-pair
of bridges, trestles etc. 417,412 ft. lumber. We have also built
thirty-one single end side tracks, and twelve double end side tracks;
put in two new crossings, thirty-nine new frogs, fifty-six new split
switch points, and built seventeen new platforms, repaired six-teen
old ones, and covered most of them with good and substantial
roofs.
The bridges and trestles are in good order and capable of sus-taining
any traffic that may be carried over them.
In consequence of the unprecedented rains of the past few months,
it has been simply impossible to keep the track in the low grounds,
through which a portion of it runs, in its proper alignment and as
smooth as it would otherwise have been. In several places the water
has poured over the tops of the rails, washing the dirt from under
the ties, and making the track uneven and rough, but by constant
work and watchfulness the damage has been quickly repaired and
the trains have run without accident to life or limb, and the roadbed
is and has been kept in general good order, a large portion of it
comparing favorably with those of any of the great systems travers-ing
the State.
A gravel train, without extra expense as to labor, the first in
many years, has been recently put upon the Road and will be kept
in use until its bed is properly ballasted throughout its entire length.
It has been permitted, for the want of gravel, to get down from four
to eight inches from Goldsboro to Morehead City, and should be
raised to its original level.
Much ditching has been done, and many miles more must yet be
cut before the water can be carried off and the sobbing of the track
prevented. When your Road is properly ballasted and properly
ditched, both of which it is hoped will be accomplished during the
next twelve months, the track in smoothness and safety will be the
equal of any in the State—in fact the greater portion of it is so at
the present time.
6
During the present year your Company has purchased from Mr.
J. J. Street, at a cost of $2,000, ten Acres of land on the opposite
side of its track from the mills of Messrs Hines Bros., east of the
town of Kinston and adjoining its limits. The necessity for greater
track facilities and the certainty of being compelled in the near
future to erect a Guano warehouse beyond the corporate limits of the
town, rendered the acquisition of this property a necessity.
The service upon your Road for both freight and passenger traf-fic
is better than at any time in its history—it is in fact, in propor-tion
to its mileage, superior to that of any Road in the State.
Two years ago it consisted of but one daily mail and passenger
train and one tri-weekly freight train between Morehead City and
Goldsboro, whereas it requires to transact its business one daily
mail and passenger train and one tri-weekly freight train between
Morehead City and New Bern; a double daily mail and passenger
and a daily freight train between New Bern and Goldsboro, and on
Sundays a daily mail and passenger train and a daily passenger
train between Morehead City and New Bern, and a double daily
mail and passenger train between New Bern and Goldsboro, also
one and frequently two daily log trains.
Your Road is badly in need of cars.
Including the Parlor Car "Vance" you have of,
Passenger train cars, 21
Box cars 67
Flat cars 67
Shanty cars 14
Caboose cars 2
Gondola cars 6
Log cars 50
Making a total of 227
With the exception of the cars purchased during the past two
years, your rolling stock is by no means in good order. Most of
your cars are only fair, while many of them are not serviceable and
nearly all need more or- less overhauling and repairing, and in many
instances rebuilding from the trucks.
Your Road needs and should have three new passenger cars, one
of which should be a chair car, 50 new box cars, 50 new flat cars
and 30 new log cars, all of which, with the exception of the passen-ger
coaches, should be constructed in your own shops, where we can
build the class of cars that we need for less money than we can buy
them.
Upon all old trucks, wheels and axles that are in condition to be
so utilized, it is proposed to build new bodies, and thereby obtain as
I
7
many serviceable cars as we can by using- the old material on hand
—but the number will not be great.
Acting upon the above idea, we have already built during the
present year 18 new log cars, and built 22 new bodies or beds for
old log car trucks, the beds of which had become worn out and
worthless. We have also built 12 new flat car beds and placed them
upon serviceable old trucks. In addition to this, we have kept in
repair every car that was worth repairing and in every instance re-placed
the old plain draw head link and pin couplers with automatic
couplers.
Your motive power consists of 14 engines (five of them bought
during the last two years) and is ample for your present needs.
Twelve of them are first class, and the other two will be made so
during the present year.
The floating debt of your Company, including a loan of $45000
negotiated under resolution of your Directors for the purpose of more
speedily supplying the pressing wants of your Road than its revenues
would permit, was on the 30th June last, the end of the fiscal year,
$61,340.95 of which $6,942.00 have been since paid.
The bonded debt is still $325,000 upon which the annual interest
is $19,500, a sum sufficient to pay more than one per cent on your
entire capital stock of $1,800,000.
Your attention is called to the very grave fact that from June
1893 to September 1899 inclusive, there was paid in dividends $251,504,
and from June 30, 1890 to March 31, 1901 including the amount paid
by President Washington Bryan in 1888—'89, there was paid on ac-count
of interest $263,250, making a total of dividends and interest of
$514,754. Deduct from that amount, debt of $325,000 and you will
perceive that the dividends and interest together paid during the
above period amount to $189,754 in excess of the entire debt, which
is still due in full, not one penny having been paid on the principal.
If your Company was called upon to raise a sum equal to this
excess, and had to do so by the sale of its stock, it would have to sell,
at its present market price, something over 42 per cent of it. Had
the dividends been applied to the payment of the debt, it would long
since have been liquidated, and had the excess not been expended,
you would have had in your treasury to-day a cash balance of over
Two Hundred Thousand Dollars.
An examination of the books show under the heading of improve-ments,
that there was expended on your Road from June 30, 1890 to
September 1899 inclusive, the sum of $142,530.32, or an average of
$14,253.03 per year, while the interest from 1888 and the dividends
paid from 1893 to Sept. 1899 together, averaged $45,429 per annum
from 1893 to 1899.
8
By those clamoring for dividends at any cost and willing- to pay
them out of money that should have been applied to the maintenance
of the physical condition of the Road, the above may be considered
good and wise management; but to others less versed in such S3'stems
of finance, it seems incomprehensible unless the}' are founded upon
the principle of killing the goose that lays the egg.
Had the money paid in dividends been applied to the debt, it
would have been liquidated long since and we would have found
your property when we took charge of it, not rotted out, but in good
condition; and had the service now in existence been put on, it would
long ago have been, as it is rapidly becoming, on a sound dividend
paying basis, and the expenditure of the large sums of money during
the last two years required to put the Road in condition to transact
its business would have been unnecessary, and could have gone, as
a legitimate dividend, into the pockets of the stockholders.
We submit as a plain business proposition, if the true interest
of the Road and, necessarily, that of the owners of the property, are
to be subserved, that the debt ought to be refunded and gradually
paid off and the annual fixed charge of $19,500 thereby reduced
and eventually wiped out, and we believe, if the present policy of
rehabilitating the Road is continued, that after the coming }
rear its
revenues will not only be sufficient to begin the reduction of the debt,
but to pay a fair dividend to the stockholders also.
The payment of dividends, which, as the dilapidated condition
of the entire property two years ago, and the small amounts as shown
by the records to have been expended for betterments during the im-mediately
preceedihg eight or ten years clearly demonstrated was
made at the expense of its physical condition, by creating the un-warranted
impression that your Road was in fine order, well equip-ped
and making money, caused the Bonds representing your debt of
$325,000 to advance from par to 25 per cent above par, thereby in-creasing
your debt $81,250 and making the sum which you would
have to pay to-day, if 3'ou were prepared to take it up, $406,250 in-stead
of $325,000, its face value, and the sum at which it could have
been liquidated had no dividends been paid until after its settlement.
It has fifteen years to run from March 1902, which entails the pay-ment,
during that time, of $292,500 in interest alone, leaving the
principal still due.
It can with certainty be refunded at 4 per cent, and the proba-bilities
that it can be converted into a 3^ per cent loan are so great
that it may be considered a certainty, and we will, therefore, make
the calculations upon that basis.
At 25 per cent premium your bonds will cost $406,250.00, upon
which, interest at 3)4 per cent will be, per annum $14,218.75. Deduct
9
that from the present interest $19,500.00, and we have an annual sav-ing-
of $5,281.25, which in 15 years, the time the present bonds have
to run, will amount to $79,218.75, which ought to be saved to your
Company.
If we could do no better than to refund at 4 per cent the saving
to your company even at that figure would be $48,750.00.
It seems to us, that to business men, the advisability of refund-ing
needs no further argument.
It is a matter of congratulation to be able to point to the increas-ing
business which, by the efforts of your officers and employees, is be-ing
created and worked up for your Road, and to call your attention
to the gratifying fact that its earnings for the fiscal year ending
June 30, 1901 are the largest in its history, exceeding those of the
previous year by the comfortable sum of $22,378.97.
In order that you may better appreciate the financial progress
your Road is making, a comparative statement of its earnings for
the past 6 years which is submitted below, may not be amiss.
Earnings for the year 1896 $140,636.53
1897 149,405.56
1898 174,507.87
1899 187,562.20
1900 218,165.96
1901 240,544.93
While most gratifying and encouraging, our increase in earnings
for the year, as shown above, are not more than 60 per cent of what,
under the crop conditions existing at the beginning of the truck season,
it promised to be. Our crop tonnage was less .by more than $2,800
than it was for the previous year, whereas every indication induced
the belief that it would be at least $12,000 to $15,000 greater, and
probably more. The damage to our tonnage by incessant rain and
the great storm has been placed by those familiar with the crop con-ditions
and the promised yield at the beginning of the season at not
less than $15,000, which they regard as a conservative estimate. Add
this amount to $22,378.97, our actual increase, and we have the sum
of $37,378.97 as the increase which we had a right to expect, and
which, had it been realized, would have raised our total earnings to
$255,544.93. Had the adverse conditions which decreased our ton-nage,
decreased our operating expenses in proportion instead of in-creasing
them it would have been better, for instead of being 63 per
cent of the earnings they would have been but 59^ per cent.
But notwithstanding the great destruction of crops, the loss of
tonnage and the increased cost of keeping up the track incident
thereto, our earnings have exceeded our operating expenses by the
sum of $88,509.73 which, but for the extraordinary expenses neces-
10
sary to put your Road in condition to safely and expeditiously trans-act
its business, could have been paid in dividends to its stockholders.
With the end of the present fiscal year, we hope to announce the
liquidation of the floating- debt; that the large extraordinary expen-ses
have ceased to be a necessit}\ and that 3'our road is upon a divi-dend
paying basis founded upon its legitimate earnings.
For more detailed information as to the condition and operation
of your Road you are referred to the reports of the various heads of
Departments.
Respectfully submitted,
JAMES A. BRYAN,
President.
REPORT OF FINANCE COMMITTEE.
To the Stockholders of the Atlantic & N. C. Railroad Co.
:
We beg" to submit the following- report of Earnings and Expenses
of j'our Company at the close of the present year ending June 30th,
1901, as shown by the accounts of the Auditor.
Gross Earning $240,544.93
Fixed Charges $ 32,548.52
Extraordinary Expenses 57,793.34
Operating Expenses 152,035.20
Balance 1,832. 13
$242,377.06 $242,377.06
Note:—Extraordinary Expenses $ 57,793.34
Less Balance 1,832.13
Amount over Cost of Operation and Taxes. ... $ 55,961.21
Respectfully submitted,
G. H. Roberts, Chmn.
F. W. Hughes,
T. A. Green,
B. W. Canady,
L. M. Michaux,
Finance Committee.
ATLANTIC & NORTH CAROLINA R. R. CO.,
TREASURER'S OFFICE,
New Bern, N. C, June 30th, 1901.
To the President and Directors of the Atlantic & North Carolina
Railroad Company,
Gentlemen:—
I have the honor to submit to you herewith the annual state-ments
of the Receipts and Disbursements by the Atlantic & North
Carolina Railroad Company for the fiscal year ending 30th June,
1901, and the financial condition of the Company.
Accompanying- the statement is a list of the Officers and Em-ployees
of the Company at the close of the fiscal year, and a list of
the Stockholders up to and including- the 26th day of August, 1901.
Very Respectfully,
M. MANLY,
Sec'y & Treas.
REPORT OF FINANCE COMMITTEE.
To the Stockholders of the Atlantic & N. C. Railroad Co. :
We herewith submit the following- report of the Financial Con-dition
of your Company at the close of the present year ending June
30th, 1901 as shown by the books of the Treasurer.
The Cash Receipts, Disbursements and Balances are as follows:
CASH HEeEIPTS AND DISBURSEMENTS
From June 30th, 1900, to July 1st, 1901.
RECEIPTS.
23,804.46
21,064.59
33,983.52
28.991.18
28,786.05
23,110.00
23,064.64
19,311.96
21,250.03
28,598.18
22,411.39
20,502.32
$ 294,878.32
654.45
$ 295,532.77
MONTHS.
July, 1900
August, "
September,
October,
November,
December,
January,
February,
March,
April,
May,
June,
Total,
Balance,
June 30, 1900.
Balance,
June 30, 1901.
Grand Total,
DISBURSEMENTS.
27,080.87
22,446.41
28,972.21
20,696,73
25,478.87
28,827.73
22,173.69
19,331.53
22,813.07
28,246.36
21,539.97
17,090.37
284,697.81
10,834.96
295,532.77
Total Receipts for year ending June 30, 1900. .$301,876.12
Deduct amt. borrowed on Notes of Company.. 45,000.00
Total receipts from operations of Company . . .$256,876.12
Increase in Receipts, yr. ending June 30, 1901 38,002.20 $294,878.32
Cash Receipts for year ending June 30, 1901 $294,878.32
G. H. Roberts, Chmn.
F. W. Hughes,
T. A. Green,
B. W. Canady,
L. M. Michaux,
Finance Committee.
Dr. M. MANLY, Treasurer, in Account with the
To Balance, June 30th, 1900. 654.45
1900-1901 " Cash received during fiscal year
ending June 30th, 1901, as fol-lows:
—
From Agents $219,990.37
" Conductors 5,686.14
" Southern Express Co 13,293.69
" U. S. Mail 8,756.15
" Foreign Ticket Sales 5,031.29
'
' Sale Old Material 1,918. 45
" Rents 240.35
" Miscellaneous 39,961.88 294,878.32
$295,532.77
Atlantic & North Carolina Railroad Company. Cr.
1900-1901, By Cash paid General Officers S
Shop Hands
Sec. road & brg\ hands
Station Agts. & Hands
Train Hands
For Wood
For Cross Ties
Bl'ks Stat'ny & Pr'tg-
Legal Expenses
Taxes-St.,Co. & Mun.
Directors & Fin. Com.
Coupons
Interest
Dividends
Insurance
Stock Killed
Current Vouchers ....
Balance June 30th, 1901
B 5,400.00
31,910.13
21,721.76
21,810.35
8,214.28
16,310.18
5,779.54
2,453.19
1,051.73
9,660.22
425.00
19,500.00
2,663.34
36.00
1,099.93
422.50
36,239.66 $284,697.81
10,834.96
$295,532.77
TREASURER'S REPORT.
To Capital Stock, authorized $1,800,000.00
Less " " not issued 2,800.00
To Capital Stock outstanding- $1,797,200.00
To Receipts, (see statement) $ 294,878.32
First Mortgage Bonds 325,000.00
Due on Open Acc't, approved warrants.. 1,816.48
" to R. R. and Steamboat Companies.
.
5,307.53
'
' to Agents 1, 137. 75
" to Dividends not called for 2,119.00
Bills Payable 45,000.00
Balance on Real Estate, New Bern 2,000.00
" Real Estate, Kinston 1,375.00
" " Material for Warehouse,
H. Weil & Bro. 2,149.49
" Locomotives Nos. 18 and 19. . 9,000.00 $689,783.57
By Disbursement, (see statement) $ 284,697.81
" Due from Agents 8, 147. 40
" " " R. R. & Steamboat Companies 10,902.81
" Cash on hand June 30, 1901 including
dividend balance, 10,834.96
$ 314,582.98
Total Indebtedness of the Company:
Mortgage Bonds $325,000.00
Notes Discounted 45,000.00
Balance Account Current 5,200.59 $375,200.59 $689,783.57
Jffi LIST OF OFFICERS AND EMPLOYEES
OF THE
Atlantic and North Carolina Railroad Company,
30tla Jvmes, 1901.
Per Annum.
J. A. Bryan, President $1,800.00
M. Manly, Secretary and Treasurer 1,200.00
„ Per Month.
S. L. Dill, G. F. and P. Agent and Gen. Supt $125.00
S. I. Wooten, Auditor 75. 00
B. A. Newland, Master of Transportation 100.00
J. A. Bryan, Director appointed by the State,
J. A. Meadows,
W. M. Webb,
L. Harvey,
Samuel C. Sugg-,
T. C. Whitaker,
Jas. A. Westbrook,
Louis G. Daniels,
C. E. Foy, Director elected by the Stockholders,
E. C. Duncan, " " " "
Henry Weil, " " " "
Dempsey Wood, " " " "
G. H. Roberts, Ch. Fin. Com. elected by Stockholders,
F. W. Hughes,
L. M. Michaux,
B. W. Canadj', " " appointed by Directors,
T. A. Green, " " " " "
j
Per Month.
H. P. Dortch, Soliciting Agent $ 75. 00
H. M. Humphrey, Ticket Agt. at New Bern and Tel. Operator, 50.00
J. H. Simmons, Clerk in General Office 50.00
H. B. Lane, Clerk in General Office 50.00
M. L. Willis, Clerk in General Office 50.00
J. ,C. Lewis, Clerk in General Office and Train Dispatcher. . 65.00
J. H. Green, Master Mechanic 100.00
J. P. C. Davis, Agent at New Bern 75.00
George" Howard, Assistant Agent at New Bern 50.00
Henry R. Lane, Clerk at New Bern. 50.00
Will Hinnant, Clerk at New Bern 40. 00
J. W. Massey, Tel. Operator 50.00
W. L. Humphrey, Agent at Goldsboro 75. 00 .
W. E. Bayliss, Assistant Agent at Goldsboro 40.00
J. J. Broadhurst, Clerk at Goldsboro 40.00
J. L. Royall, Ticket Agent at Goldsboro 12.00
Pay of
Directors
and Finance
Committee
] $5. per day
attending
meetings.
I
List of Officers and Employees.
Per Month.
C. G. Smith, Jr., Clerk at Goldsboro t 30.00
S. I. Sutton, Agent at LaGrange 55.00
P. S. B. Harper, Agent at Kinston 60.00
H. H. Grainger, Assistant Agent at Kinston 60.00
J. E. Kornegay, Agent at Dover 30.00
J. R. Bowden, Agent at Core Creek 20.00
C. A. Bell, Agent in Newport 30.00
J. H. Davis, Agent at Morehead City, Pier 1 50.00
A. H. Webb, Jr., Agent at Morehead City, up town 40.00
Sadie Dowdee, Telegraph Operator at Dover 25.00
J. L. Phelps, Agent at Best's, 10 per ct. onFr'tRec'ts and Tkt. sales.
B. F. Fields, Agent at Falling Creek, 10 per cent, on Freight Rec'ts.
J. P. Kelly, Agent at Caswell, 10 per cent, on Freight Receipts.
O. H. Wetherington, Agent at Tuscarora, 10 percent, on Ticket sales.
Jennie T. Ives, " " Riverdale, " " " " " "
B. E. Moore, " " Croatan, " " " "
J. H. Hunter, " " Havelock, " " " "
W. C. Murdock, " " Wildwood. " " " "
Per Month.
W. B. Coleman, Conductor, $ 60.00
J. D. McCoy, Conductor 60. 00
C. K. Hancock, Conductor, 60. 00
J. W. Small wood, Conductor 60.00
E. B. Roy all, Baggage Master at Goldsboro 5.25
C. B. Lilliston, Baggage Master on Mail Train 30.00
John Stanly, Night Watchman at Goldsboro 30.00
A'. Bragg, Night Watchman at New Bern 30.00
J. C. Thomas, Night Watchman at New Bern 30.00
T. C. Fulcher, Night Watchman and Operator at Morehead City, 40.00
J. H. Hooks, Night Watchman and Ooperator at Shops 35.00
N. Case, Yardmaster at New Bern 35. 00
Per Diem.
J. W. Fulford, Sunday Watchman at Shops 1.00
D. W. Davis, " " " Morehead City station, .75
Per Month.
C. D. Duncan, Locomotive Engineer 95.00
95.00
95.00
95.00
95.00
95.00
F. P. Avery, Locomotive Engineer and Machinist 95.00
P. M. Prior, " " " " 95.00
W. M. Petway, " " " " 95.00
W. P. Marshall,
W. W. Brinson,
J. H. Neal,
W. B. Sanford,
W. R. Warters,
List of Officers and Employees.
Per Diem.
M. Flowers, Shifting- Engineer $ 2.25
H. T. Spring-le, Shifting- Engineer 2.25
N. H. Russell, Machinist 2. 25
George Charlton, Machinist 2.25
J. C. Scales, Blacksmith 2. SO
A. Nelson, Moulder- 2.75
J. B. Spivey, Boiler Maker 2.75
W. S. Gaskins, Car Builder 2.00
W. H. Hancock, " " 1.50
W. E. McKay, " " 1.50
T. E. Marshall, " " 1.50
B. D. Hamilton, " " 1.60
R. O. Godley, " " 1.60
J. Dukes, Tinner 1. 50
E. T. Berry, Painter 2.50
Per Month.
D. S. Jones, Time and Store Keeper 30.00
W. H. Griffin, Road Master 100.00
C. M. Tosto, Foreman Extra Force, 45.00
E. S. Coward, Foreman Bridge Force 60.00
A. W. Cook, Carpenter Bridge Force 60.00
Per Diem.
James Wiggins, Carpenter Bridge Force 1.50
H.A.Bryant, " " " 1.50
Per Month.
S. T. Mizell, Section Master No. 1 35.00
M.C.Parker, " " " 2 35.00
G.B.Latham, " " " 3 35.00
F. J. Hines, " " " 4 35.00
C. E. Hines, " " " 5 35.00
G.R.Whitehurst, " " " 6 35.00
E. S. Carr, " " " 7 35.00
J.J.Jones, " " " 8. 35.00
'W.H.Dixon, *" " Yard ; 35.00
Dawson Kornegay, Bridge Keeper Trent River, 25.00
E. Coaker, Bridge Keeper Neuse River 15.00
In addition to above, 96 persons are employed as clerks, road
hands, firemen, train hands, apprentices, pump hands and laborers.
LIST OF STOCKHOLDERS
OF THE
ATLANTIC & NORTH CAROLINA RAILROAD COMPANY
August 30, 1901.
NAME. S. V.
Abbott, S. H
Allen, Thos. H., Est. of.
Andrews, A. B
Archer, Jennie P
A. C. L. Co. of Conn
Arendell, B., Estate of . .
" . M. F., Est. of.
W. L
Abernethy, C. L
Barrow, C. P
Batchelor, J. B
Battle, R. H
Bell, C. C
" Mary F
" Ralph
" Stancil C
" W. S., Jr
Best, M. J
Biddle, J. W
Bizzell, J. W
J. S
K. E
Ora E
M. E
Boney, D. E
G
G. J
W. J
Borden, E. B
Jno. L
W. H
Bowden, W. B
Bray, Alice E
Brock, R. M
Brown, T. D
Bryan, A. McW
Charles S
Henrj' R
Henry R., Jr. . .
.
James A
J. R
James W
Mary S., Est. of
2
1
1
2
6
1
5
1
1
1
1
1
1
1
1
1
1
1
2
1
6
1
5
1
1
1
1
1
6
3
1
1
1
1
1
12
12
1
2
11
10
1
1
NAME.
Bryan, Mary W., Est. of
OctaviaW.Est.of
" Washington
" Green
C. S.,Tr. G.McW
" M. S ..
" " M. N . .
Buck, Fannie A
Busbee, F. H . .
.'
Branson, W. H
Mrs. W. H....
W. H., Trustee
Bradham, C. D
Blades, W. B
Boj'ett, Frank
Coho, W. T
Canady, B. W
Carmer, Annie E
Carraway, J. R. B .
KateL
L. E
J.R.B. Tr.R
J. E
Carrow, S. J., Estate of
Chapin, Wm. H., Est. of
Charleton, G. W., Est. of
Clark, C. C
" H. J. B., Est. of.
W. W
Cobb, Leila M.'
" W. H. H
" W. H., Jr
Collier, Wm. O., Est. of
Cox, Albert G
E. F
Eliza H
James G W- •
James W. ..':...
.
Mary Ann
Crawford, W. W
Crabtree, C. W
Cronly, R. D
S. V
1
34
3
3
3
3
1
1
2
1
1
1
7
1
2
1
1
1
1
1
1
1
3
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
3
2
3
4
1
10
2
2
2
2
1
1
1
1
1
1
4
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
2
LIST OF STOCKHOLDERS—Continued.
NAME. S.
Cummings, J. B
Cutler, Addie H
B. B
L. H
" Tr.L.H.,Jr.
" Fannie
" Laura D
Cuyler, Agnes
Emily P
John P
" Mississippi
Chadwick, Annie D
Daniels, J. W
" Mary
Mary C
Ruby B
" Thomas
T. C
L. G
Darden, Joseph H
Daves, Graham
Davis, A. C, Jr
Anthony, Est. of.
Geo
" Henry C
" James C
" J. Henry
John D
Mollie D
" D. R
Dean, W. H
Dees, Georg-e
" J. T
Dewey, Charles
" " Thos. W
C, Tr. E. M . ..
" G. S...,
" T. A....
" Hattie..
" Hannah.
Dill, J. R
" Samuel L
" W. F
Divine, A. E ,
J. F
J. S
* J M. E ....
M. W....
" S. A...,.
V. Stella
w. c ...:
Dixon, George . .
.
Dortch, H. P
1
12
1
35
1
3
12
12
17
37
14
1
1
5
1
1
5
5
5
1
2
5
5
40
1
1
1
1
1
5
1
1
2
4
3
1
1
1
1
1
1
1
1
3
12
3
3
3
3
3
3
3
1
V. NAME. S.
1
6:
l1
10
1
2
6
e\
7
10
61
1
1
3
1
1
3
3;
3
1
1
3
3 1
10
1
;
;
i
i
3'
1
ll
1
2
2
1
1
1
1
1
1
1
1
2
t
2
2
2
~>
I
1
Dortch, Isaac F
W. T
Dovvd, C
Duffy, F. S
Walter, Estate of
" Chas
Sophia B
Duncan, J. A
W. B
E. C
" Tr
" " E.C.,Jr.
" " C.L.,Jr.
•' "W.B.,Jr
" "Julius..
it it it it T?
D. J
Dunn, B. R
" E. C
" Henry
" Janie B
'
' John
" Mary J
" Wm
" Willie A
Daugherty, J. E
Edgerton, J. B
Edwards, John W
Ellis, J. H
Ellington, Ethel J
Erwin, Cora A
G. P., Exr
Eairbairn, Thos. Est. of
Faircloth, Eveline
Jas. B., Est. of
W. T
Field, John Jr
Fife, W. P
Finle}', Charles B
Finlayson, H. L
Fonveille, I. B
Fort, W. B
Foust, J. H
" M. A
Foy, Agnes C
" A. E
" A. G
" Claudius B
" C. E
" Chas. H
" D. F
Frankenfield, H. G
Franklin, J. R., Est. of.
V.
1 1
1 1
3 2
1 1
1 1
2 1
5 3
5 3
10 5
11 5
22 8
21 8
34 10
33 10
7 4
8 4
5 3
5 3
6 3
1 1
5 3
1 1
5 3
1 1
5 3
1 1
12 6
3 2
1 1
1 1
12 6
41 10
2 1
14 6
1 1
6 3
5 3
1 1
1 1
1 1
1 1
1 1
5 3
1 1
10 5
10 5
10 5
ll) 5
55 12
1 1
1 1
1 1
1 1
LIST OF STOCKHOLDERS—Continued.
NAME.
Fulford, Joseph
W. B
Garner, L. A
Garner, Samuel M
P. P
Gaskins, N. B
Gaskill, Joseph
Gibson, P. H
Giddens, L. D
Gordon, J. W
Grainger, Henry
H. F., Est. of.
J. W
Grantham, D. A
J. M
Granger, W. P
Gray, C. L
" J. E
" M. A
" T. D
Green, John C
T. A
" George
" Tr. G. G. Jr.
" " A. D. G.
T. A., Tr. W.H.G
Grimsley, W. P., Est. of
Grist, Franklin R
Guess, W. W
Guion, O.H. , Tr. Rodman
" J. A....
1 4 it j J L>
" O.H. Jr.
it It
Gulley, L. D
Groles, H. M
Griswold, W. J
Grady, Ida A
Hackburn, E. B
Hahn, J. L
" M
Hall, A. E
" W. G., Estate of. .
Hancock, F. W
Robert
R. D
Hanff, JohnF., Estate of
Hanks, J. B
Harper, Henry D
Hadley, Maud \V
Harrison, J. M
M. E
Hart, Horace
V.
1
1
1
1
1
1
10
3
2
1
1
1
5
1
1
1
3
1
1
1
1
9
1
1
1
5
5
16
1
1
1
4
1
8
1
1
1
5
1
1
3
2
1
1
1
1
1
1
1
1
1
3
1
1
1
1
1
1
2
l!
l
l
l
3
i
1
1
1
1
5
1
1
lj
3
3
7
1
1
1
2
1
4
1
1
1
3
1
1
2
1
1
1
1
1
1
1
1
1
1
o.
NAME.
Hartsfield, J. L
Harvey, C. F
Chas. Felix
Haskitt, J. P
Hatch, G. K
Jas. R
Hawks, F. L., Estate of
Hay, Robert C
Heartt, Leon D
Henderson, Carrie and f
Osgood, Hannah f
Henny, Walter
Henry, David P
" Emma J
Herring, Wm. I
Hill, Annie D
" Isaac S., Estate of
'
' John B
" Thomas, Estate of
.
Hilton, Daniel
Hinsdale, E. E
J. W
Samuel J., Jr.
Hodges, J. M
Hollowell, J. M
Holman, S. W
W. C
Hooks, B. F., Estate of. .
Home, A
Haskins, B. J
Howard, George
J. J
Hughes, Bettie W
J. B
J. G
N. Collin
Ethel
Hugh
Humphrey, Leon B
L. W.,Est. of
Hunter, Wm
J. H
Hurtt, D. W
Hutchinson, Chas. G....
Henry H...
John
John, Jr ...
" Maria-S .. .
W. B-.
Hyatt, John
Hyman, T. B., Estate of
Harvey, L
V.
1 1
1 1
1 1
1 1
1 1
1 1
2 1
2 1
3 2
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
3 2
6 3
1 1
'1 1
1 1
1 1
1 1
1 1
1 1
1 1
6 3
2 1
23 8
43 10
5 3
3 2
2 1
1 1
1 1
1 1
1 1
3 2
1 1
1 1
1 1
2 1
1 1
1 1
1 1
1 1
1 1
5 3
LIST OF STOCKHOLDERS -Continued.
NAME.
Hutton, P. C
Haywood, Ernest
Holt, Thos. J
Holt, Wm. P
" S. I
" Richard R
" Wm. N
Ipock, W. G
Ireland, David
Isler, Stephen W
Ives, Geo. N
Jackson, H. W
" Jesse
J. O
Jarvis, T. J
Jerman, B. S
Jenkins, Thomas C
" Louisa
Johnson, Alex
R. M
Jones, Harry
" T. W
" W. G
" J. B
Joyner, Addie N
J. Y
" John
" Laura
Lucy J
Jurney, N. M
Keeler, Thos. P., Est. of
Kennedy, A. T., Est. of.
J. L
W. L
Kinsev, R. B
Kirbv, G. L
Kline, Chas. D
Kornegay, Mrs. D. O...
G. E
Lassiter, Jesse
" Stephen
Lynch, J. W
Latham, C. H. , Estate of
Julia A
S. W
J. E
Lathrop, M. A
Lee, Henry
Lodge, Euphemia, Est. of
Loftin, Elijah P
Joel
S. H
Long-, Wm. S
Mallison, T. H
Manly, Matt
1
5
2
2
1
1
1
1
1
1
1
1
1
1
1
2
1
1
5
1
1
1
1
1
1
3
3
1
1
1
1
1
1
5
1
2
1
1
i|
ii
i
5
1
1
5
1
12
1
1
1
1
5
4
2
1
V. NAME.
Marks, M. M
O
O., Tr. H. B. M.
" " H. L ...
" B. E
" Mrs. Fanny
Ella R
Martin, H. P
May, lone
McCain, D
McCoy, Fred, Estate of.
W. S., Estate of
McDowell, Albert L . .
.
Chas. S ....
McGowan, J. C. and S. F
J. S
Meador, S. C
Meadows, E. H
J. A
Metts, Sarah E
W. P
Mewborne, Jno. F . . .
.
Miller, Alex., Jr ,
A. R
J. F
" Martha
Mitchel, S. E., Estate of
Moore, Allen
David, Estate of.
R. W
Sophia B
W. H
Morehead, E. L
J. Lathrop .
.
" J. Turner . .
L. L
M. W
Moye, Macon, Estate of.
Murdoch, Alex
Wm. A
Nason, Adelbert M
Neal, B. B
Nelson, M. D
Nichol, Susan C
Noble, A. M
" Izzariah
Norvyood, Geo. A., Jr...
Oettinger, Abe
Bros
David
" Tr. H. O.
*' " " B. O.
" " A. O.
" " M. O.
" " L. O.
V.
1
1
1
1
1
1
1
1
2
1
2
1
1
1
1
4
4
2
6
1
1
1
1
1
1
1
1
1
1
1
7
1
12
12
24
23
12
1
1
3
1
1
6
1
1
1
5
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
1
3
1
1
1
1
1
1
1
1
1
1
1
4
1
6
6
8
8
6
1
1
2
1
1
3
1
1
1
3
1
1
1
1
1
1
1
1
LIST OF STOCKHOLDERS—Continued.
NAME.
Oettinger, D. Tr. F. O.
" E. O.
" D. O.
" E. O.
" C. O.
" " C. O.
" " L. O.
" J. O.
" " " M. O.
" " L. O.
" E. O.
" " W. E.
" " " C. E.
" " " I. E.
Sol '.
Oglesby, Levi T
Oliver, Eliza P
J. F
M. L
Outlaw, F. P
M. L
Palmer, A. B., Estate of
Parker, T. B
Parrot, John A., Est. of
J. M
Pearsall, P. M
Pelletier, P. H
Perry, B. L., Adm'r....
D. E., Estate of.
Peterson, J. E
Phillips, J. R
' " L. L
R. A
Piggott, E. J
Pollock, Ann
Kate
Pope, W. J
Porter, D. W
'
' John
" & Godwin
Powell, D. A
Pridgen, J. A
Primrose, Ann, Estate of
C. S., " "
H. S
R. S
Patrick, D. W
Patterson, F. T
Pearsall, M. H
Potter, J. H
Rice, J. W
Richardson, Eleanor S.
H. V., Est. of
S.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
5
1
1
14
1
1
1
1
1
4
5
1
1
1
1
5
3
4
1
1
1
5
2
1
20
1
1
1
1
1
3
5
3
1
1
1
2
1
V.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
3
1
1
6
1
II
1
1
1
2
3
1
1
1
l|
3
2
2
1
1
1
3
1
1
1
1
l 1
1
1
2
3!
2
1
\
l\
1
NAME.
Richardson, W. F
Risford, George C
Roberts. F. C
G. H
" Trustee..
H. J
L. C
Robinson, G. J
" James J
Rosenthal, Joe
Rountree, Alice E
Julia J
Mattie C
Willie M
Rouse, John
N. J
Thos. R
Russell, L. T
R. A
Rouse, Mrs. Mattie R...
Rosenthal, E. W
Sanderlin, Mrs. E. W .
.
Saunders, E. W., Est. of
Sawyer, W. H
Schwab, Jos
N
A
Sherard, J. V.. Estate of
Short, H. B ,
Simmons, F. M
Slocumb, J. C
Smith, C. G
E. C
Jno. D
J. E
W. H
Spicer, J. D
iStanley, E. R. , Estate of
" " W. F
Steadman, J. H ,
iStevenson, M. DeW . .
.
Stimson, Sarah
Street, J. J
" N. H
Stewart, J. W
Styron, L. F
" Inez
Sutton, E. L
" Hermon
Wm
W. T
Swindell, I. H
Sutton, J. W
V.
1
1
1
1
5
1
1
1
1
5
2
1
1
1
2
1
1
1
1
1
1
15
1
5
1
1
1
1
2
2
1
1
47
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
3
1
1
1
1
3
1
1
1
1
1
1
1
1
1
1
1
6
1
3
1
1
1
1
1
1
1
1
10
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
LIST OF STOCKHOLDERS—Continued.
NAME.
Stanton, D. M
Taylor, L. A
R. W
W. T
Thomas, C. R
W. G
W. G
Thompson, E. A
Thorpe, E. J
Tolson, Finetta, Est. of
Tomlinson, S. Finlay..
Tucker, F. P
Tull, Henry
Wagner, J. R. , Estate of
Wahab, W. H
Walker, Grizella J
L. H
R. M
Farrar & Co. . .
Walters, H., Trustee ...
Washing-ton, Georg-e .
H. B ...
Waters, H., Sr
W. R
Watkins, B. B., Trustee
" J. C .
Webb, W. M.. ......... '.
Whitaker, F. A
Williamson, Wm. H . . . .
Watson, A. A
Webb, T. D
Weil, Henry
H., Trustee M. W.
L. W.
G. W.
H. W.
J. W..
A. R..
E. R..
s. v.
1
1 1 !
1 1
5 3
1 1
1 1
1 1
1 1
2 '1!
1 1
1 1
1 1
1351 141!
1 1
1 1
1 1
1 1
47 10
1 1
1 1
1 1
1 1
1 1
5 3
2 ll
1 1
1 1!
1 ll
1 1
2 lj
1 ll
5 3
3 2
1 l!
4 2
3 2
3 2
3 2
3 2
3 2
3 2
3 21
1
NAME.
Weil, H., Trustee A. A. J
' " " H. J..
S. E..
H. E .
J. R. .
' Solomon
' Sol., Trustees. W.
E. W.
L. W.
' " " H. W.
' H. & Bro
Wellons, Mary
West, Katie T
Wethering-ton, O. H. P.
White, E. A
Whitfield, J. E
Theo
Whitford, Bessie
Clark
John D
" Johnes
Mary J
Ried
Willard, W. H
Willis, David
J. K
Wilson, Thos
W. S
Wolfenden, J. J
Wood, Dempsey
' Jesse
' L. S
' D. E
Woolard, Eliza E
Wooten, Council S
J. F
S. I
Wilson, Mrs. M. R
Willis, A. L
Whitaker, T. C
Yelverton, W. T
S. V.
3
3,o
3
2
4
3
3
3
3
52
5
1
1
1
2
1
3
3
12
3
3
3
1
1
1
3
2
1
6
1
1
1
1
3
2
5
1
1
5
1
2
2
2
2
1
2
2
2
2
2
12
3
1
1
1
1
1
2
2
6
2
2
2
1
1
1
2
1
1
3
1
1
1
1
2
1
3
1
1
3
1
NAME. Shares. Votes.
Individual Shares 3,311
12,666
500
1,293
202
State of North Carolina
County of Lenoir
350
56
" " Craven 135
" '* Pamlico 26
Total number of Shares 17,972
ATLANTIC & NORTH CAROLINA R. R. CO.,
AUDITOR'S OFFICE,
New Bern, N. C, June 30, 1901.
To the President and Directors of the Atlantic & North. Carolina
Railroad Company,
Gentlemen :
—
The accompanying- statements for the year ending June 30th,
1901, embraces the general accounts, earnings and expenses, in
detail, and accounts of permanent improvements, extraordinary
repairs, etc.
Very Respectfully,
S. I. WOOTEN,
Auditor.
AUDITOR'S REPORT.
ATLANTIC & NORTH CAROLINA RAILROAD COMPANY,
Expenses in Detail for the Year Ending June 30th, 1901.
HEADS OF ACCOUNTS.
Maintenance of Way and Structures.
Repairs of Roadway $14,334.84
Renewals of Ties 6,149.87
Repairs of Bridges and Culverts 2,779.71
" Fences, Crossings, & Cattle Guards 488.24
" Buildings and Fixtures 7,019.74
" Docks and Wharves 427.02
Stationery and Printing 32.34
Other Expenses 1,647. 33
Operating Expenses $32,879.09
New Side Tracks $ 1,572.39
•' Turn Table 1,975.57
" Dock, Trent River 448.83
" Warehouse, Goldsboro 4,207.22
Kinston 6,280.00
(two) New Bern 5,198.93
" Foundry and Carpenter Shops, New Bern 12,311.00
"PaintShop " 721.99
'
' Water Tank " 72. 75
" Warehouse, Croatan 391.12
'
' Waiting Room, Elms 275. 78
" Water Tank, M. City Pier 1 1,391.96
New Way and Structures $34,847.54
Total $67,726.63
Maintenance of Equipment.
Superintendence $ 1,767.25
Repairs of Locomotives 6,837.80
" " Passenger Cars 5,522.03
44 Freight Cars 9,194.17
" Work Cars 1,614.69
" " Shop Machinery and Tools 760.95
Stationery and Printing 17.00
Other Expenses 17. 84
AUDITOR'S REPORT—Continued.
Operating Expenses $25,731.73
New Locomotives $10,460.00
" Passeng-er Cars 8,098.35
" Combination Cars 862.70
" Logging Cars 1,654.39
" Shop Machinery 1,242.76
New Equipment and Machinery $22,318.20
Total $48,049.93
Conducting Transportation.
Superintendence $ 1,266.30
Engine and Round-house Men 13,362.05
Fuel for Locomotives 15,892.69
Water Supply for Locomotives 1,805.87
Oil, Tallow and Waste for Locomotives 175.17
Other Supplies for Locomotives 51.88
Train Service 8,201.34
Train Supplies and Expenses 1,901.11
Switchmen, Flagmen and Watcemen 2,618.49
Telegraph Expenses ... 981.43
Station Service 20,204.12
Station Supplies 1,476.95
Car Mileage—Balance 2,643.94
Loss and Damage 2,975. 26
Injuries to Persons 1,784.68
Clearing Wrecks 244. 14
Operating Marine Equipment 155.32
Advertising 326. 40
Outside Agencies 1,183.96
Commissions 222.41
Rent of Buildings and other property 90.00
Stationery and Printing 2,039.38
Stock Killed 411.55
Other Expenses 175.34
Operating Expenses $80,189.78
AUDITOR'S REPORT—Continued.
General Expenses.
Salaries of General Officers 5,906.66
Salaries of Clerks and Attendants .... 3,615.99
General Office Expense and Supplies 262.67
Insurance 1,127.68
Law Expenses 1,033.58
Stationery and Printing-, (Genl. Offices) 768.58
Pay of Directors ... 195. 00
Other Expenses 324.44
Operating Expenses $13,234.60
Real Estate $ 627. 60
Coupons 19,500.00
Interest 3,028.95
Taxes 10,019.57
Real Estate and Fixed Charges $33,176.12
Total $46,410.72
Recapitulation.
Maintenance of Way and Structures $67,726.63
Maintenance of Equipment 48,049.93
Conducting Transportation 80,189.78
General Expenses 46,410.72
Total Expenses $242,377.06
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AUDITOR'S REJPOICr.
Earnings from Transportation from July 1st, 1900 to June 30, 1901.
1900— 1901 Gold
Pass'grs
BOKO.
Freight.
E
Pass'g
EST'S.
-s Freight.
I,aGf
Pass'grs
ANGE.
Freight.
Falling Creek.
Pass'grs Freight.
KlNSTON.
Pass'grs Freight. 1
Caswell.
ass'grs Freight.
I Hi
Pass'grs Freight.
July * 1,587.17
1,153.40
1,002.85
1,099.10
1,181,00
1,480.45
1.024.65
692.60
823.05
923.05
968.90
1,228.65
i 3,056.71
2,144.71
4,059.75
3.707.33
3,311.78
2,460.81
2.516.54
2.913.35
3,666.53
2,627.30
8,026.00
5,996.69
S 45.20
33.80
40.60
70.95
70.15
. 47.95
23.85
26.60
21.00
14.25
28.35
25.45
S 30.04
15.89
24.66
23.10
20.14
15.33
26.76
260.38
662.72
119.81
22.55
30.81
* 345.71
497.05
416.24
357.90
503.35
413.35
324.15
215.00
231.05
223.30
30169
313.85
* 381.29
591.85
632.20
572.71
583.38
555.51
678.32
599.04
864.15
488.18
343.06
344.97
t 55.05
38.85
34.65
35.15
77.75
59.20
43.30
35.65
20.40
28.00
33.20
41.15
$ 14.99
10.81
16.79
10.58
17.55
13.80
91.06
40.61
25S.03
110.98
27.32
44.12
* 1,327.85
1,225.43
1,365.09
1,294.95
1,266.40
1,323.60
1,061.16
867.95
945.25
942. IS
1,103.50
1,284.45
$ 1,645.84
1,586.56
1,518.30
1,442.16
1,343.93
1,185.56
1,756.81
1,487.37
1,890.87
1.542.53
1,136.55
1,170.72
J 60,05
41.40
27.511
34.70
21.00
18.25
11.75
12.1(1
14.60
18.30
13.15
16.70
» .58
.51
3.64
1.68
3.84
1.38
12.80
93.65
134.4.1
39.70
3.2H
2.03
t 229.05
197.31
2iil.'i.
235.05
218.65
79. 25
154.45
168.05
180.21
191,71
219 SI
269.71
* 251.39
344.38
373.61
282.03
2811.47
381 ).(, .8
218.24
387.04
216.58
239.34
271.88
205.25
13,164.87 l4.4S7.5i 448. 15 1.252.19 4,142.64 6,634.66 502.35 656.64 14.007.78 17.707.20 .'VI II 297.44 2, HI 1 3.450.89
1900- 901 Cork <
Pass'grs
'REEK.
Freight.
Tusc;
Pass'grs
RORA.
Freight.
New
Pass'grs
Bern.
Freight.
RlVEHDALE.
Pass'grs Freight.
Croatan.
Pass'grs Freight.
Havelock.
PasB'grs Freight.
Nbw
Pass'grs
•OH.T.
Freight.
July
August
12s. 34
134.90
106.10
127.80
109.65
150.20
101.20
81.05
78.20
73.90
89.55
121.65
$ 55.09
64.10
73.50
84.92
64.98
55.10
66.57
90.66
87.08
75.68
77.40
82.57
t 54.70
56.80
40.85
58.65
49.55
73.55
46.60
50.90
42.35
54.25
53.25
78.15
S
41.19
48.18
112.90
56.25
55.15
5 1,665.41
1,716.45
1,3411.77
1.548.49
1,141.15
1,427.80
1,424.25
993.20
1,206.07
1,275.15
1.411.45
1,685.45
* 1,605.31
1,784.90
2,678.52
3,284.40
2,995.99
2,739.16
3,108.43
3,766.99
5,732.44
3,771.37
2,833.83
2,021.07
» 45.75
45.95
25. 51
54.85
31.45
40.15
30.75
35.00
39.35
51.55
34.95
49.45
J 23.95
21.92
37.81
41.00
21.97
22.07
44.02
29.87
42.42
25.33
26.16
24.35
S 50.95
35.25
30.00
51.20
43.45
49. 17
42.35
28.65
37.45
32.15
49.80
60.25
8 21.41
13.30
23.52
17.44
49.63
10.20
52.78
20.90
31.45
27.47
24.57
34.60
1 96.25
99.60
72.32
89.95
76.00
117.30
61.25
60.75
61.70
77.30
115.05
68.80
? 26.70
27.01
31.53
28.00
33. 7u
31.20
33.99
22.84
35.83
.37.34
36.65
31.50
B 101.95
139.35
1118,15
114.01
119.81
117.05
82.00
47.35
89.50
87.71
98.60
85.55
» 84.54
111.81
90.83
1U4.12
15(1.82
122.84
90.12
93.1111
112.79
88.76
73.70
86.60
Totals .... 1,302.54 877.65 659.60 313.67 16,844.64 36,322.41 484.70 360.87 = 111.1,7 327. 27 9%. 27 376.35 1,191 III 1,215.93
WOO—1901 Wild
Pass.
VUOD.
Frt.
M. City
Pass.
-UpTn
Freight
M. City
Pass.
Pier 1.
Freight
Way
Travel.
Foreign
Tickets
IRRF
Pass.
GULAR.
Fr'gt.
Express U. S.
Freight. Mail.
Rent. Old
Mater'l
Miscel-laneous
Total.
Pass'grs] Freight.
Trans-portation.
July .......
August . i .
.
September .
October ....
November .
December .
.
January .
.
February .
.
March . .
.
:
April . , .*
.
May
June
830.55
27.15
> 2=
18.25
35.70
21.20
20.35
• 6.40
22.75
13.25
17.10
11.15
S 5.87
6.02
7.29
9.55
7.06
36.12
5.20
8.07
10.11
10.17
13.15
17.64
* 344.95
484.40
277.70
247.60
131.25
223.70
205.70
169.80
189.60
219 27
24u ss
195.11
* 413.73
336.23
287.23
508.84
437.49
377.05
379.92
312.21
413.27
360.35
429.35
404.51
S 121.85
178.95
172.80
177.00
156.03
210.62
171.15
106.40
141.15
143.00
178.75
143.05
$ 271.30
318.19
245. us
424.38
250.51
251.55
301.13
188.86
210.95
273.71
180.77
209.29
S 785.55
567.40
251.85
601.30
455.20
526.95
331.30
328.75
421.30
388.55
480.25
707.66
2,034.89
617.29
361.36
280.22
714.86
623.08
370.08
185.34
326.29
362.62
323.40
1,066.43
S 214.51
' 90. 0(
83. 5C
14.01
167.51
145.01
100.01
12. 51
25. 0(
37. 5(
514. 5(
617.51
81,189.54
1,582.24
791.94
1,388.2 =
1.564.8*
1,654.99
1,568.29
757.87
1.582.26
1,707.10
1,687.68
1,521.83
S 692.19'
892.08
1.684.26
2.1175.19
1,981.2*
1.236.37
714.40
592. 94
1.317.116
1.200.79
1,297.51
766.121
730.09
730.09
7311.119
730 09
730.09
730.09
730.45
730.45
730.46
72'i.7s
729.7.8
72'' 30
S 8.75
7.00
8.75
7.00
7.00
34.00
134.1U
7.00
19.75
7.00
5
728.35
950.00
235.00
5.10
S 141.76
393.03
53.50
39.01
65.83
90.33
110.61
617.67
213.20
279.40
146.31
197.75
89,325.72
7.380.73
5,996.98
6,511.11
6,569.89
7,147.82
5,630.29
4.124.U4
4,916.26
5,156.94
6.281.82
8,070.15
8 '1.(178.28
B, 960. 43
10,896.80
11,930.49
11,138.14,
'1,913.35
in, 9si, .'«
11.113 '"I
1.,. (II 111.(19'
11,658.02
15.270.n7
12,283)70
* 19.976.79
18,356.36
19.31,8.1,3
22,022.98
21.442.19
19.124.96
18.17(1,72
. 17.313.10
23.184.07
19,279.68
23,737.59
22,047.52
Totals 252.10 13 .25 2,935. KS 4,660.18 1,900.75 3 126.32 5.S 6.06 7,265 SI, 2,021. 5( 16,294.83 14,450.15 8,761.26 240.35 1,918.45 2,348.38 77,111.75 139.200.25 244,030.59
f.
JMASTEJR MBCHAKIC'S REPORT.
To Hon. JAMES A. BRYAN, President of the Atlantic and North Carolina Railroad Company,
Sir:—I respectfully submit the following- Report of work done and expenses incurred in this Department, for the year ending June 30th, 1901.
°s
Ha
Report of Engines.
12..
13.
14.
17.
18.
19.
5430
6467
23Si.li
16372
29511')
43148
254'
1274-
35204
.11274
8716
8773
6 45
16 40
30 39
29 03
49 85
52 78
41 63
55 69
47 81
47 50
17 80
17 77
6 96
6 08
8 57
11 oil
7 81
7 98
10 09
8 73
3 64
4 04
105 14
248 61
1268 44
208 35
1026 88
768 88
377 90
596 51
293 43
314 33
199 85
103 1:
88 02
7 52
8 32
260 05
205 00
303 95
510 33
263 28
399 44
290 95
289 78
142 35
79 2;
78 10
112 66
265 22
1549 09
451 20
1365 94
133;
704 96
1045 39
648 05
662 01
398 45
203 83
187 93
161
1
.,
722 't
518
1086
1.188':
878 ',
1088 '4
1259'.,
1461
4
.164 '
4
300!.
225 40
278 95
1011 15
725 20
1520 40
1943 90
1229 55
1523 55
1763 30
2045 75
509 95
420 70
236 61
417 04
1158 04
875 18
1128 56
1420 48
1193 11
1457 02
1553 41
1375 54
484 00
424 00
Out of Service.
112 66 I
727 23 In Shops for general repairs.
2245 08 In Good Order.
2620 39 In Fair Order-Switching Service.
2966 32 In Good Order.
3986 59 In Good Order.
4069 34 In Good Order but needs tires.
3468 05 Machinery good order-boiler needs repair.
3628 62 In Good Order.
3978 72 In Good Order.
3819 74 In Good Order.
1197 78 In Good Order.
1032 63 In Good Order.
Total. 266673 6517 833 413 10 1626 80 94 5599 46 2838 8932 36 9427 13197 80 11722 99 33853 15
Cahs.
Pass, and Baggage.
Freight
C. C. and Inspecting
Fuel and Lights
221 49
213 32
544
550
330
.)„ i.s
35 in.
16 50
4 («i
201,5 19
3296 37
443 35
1815 89
2729 44
188 36
38 98
41,19 25
6274 19
648 21
111 51
4139 251
6274 19
648 21
111 51
Total,
92 24 4772 67 11173 16 11173 16
Shops. 164 292 19 57 138 I, "II 1,200 955 00 300 00
Total am't Labor and Material used in these dept's not in above.
Frogs, Switches. Road Dept. and Br. & Trestles. .8 580 04
Hand and Pole Cars 29 86
Patterns, Shop Tools and Machinery 927 57
Incidentals and Genl. Ofiice 16 97
Wood & Water Stations— Depot, Grounds & Bldgs 308 51
Shop Buildings 817 53
Way Stations 265 72
Guldsburo Station 21 55
Kinston Station 29 99
Morehead City Station 71 41
New Bern Station 168 62
Wharves, Landings and Trent Warehouse 380 96
New Building— New Bern 1334 36
" " —Kinston 765 07
" " —Goldsboro 623 00
New Freight and Log Cars 3863 27
Total $10,204 43
Credit bv sale of Old Material 8 1898 45
" Stores and Material on hand 14416 67
" 62 old Car Wheels and 31 old Axles .... 272 90
" Old Iron and Brass Scraps 1130 75
Total 817.718 77
SUMMARY.
Cost of Motive Power 833.853 15
" " Cars 11,173 16
" " Bridges and Trestles, Frogs and Switches,
Road Dept. and Hand Cars 609 90
Total 845,636 21
JOS. H. GREEN,
M. M.
ATLANTIC & NORTH CAROLINA R. R. CO.,
MASTER MECHANIC'S OFFICE.
New Bern, N. C, July 1st, 1901.
Hon. Jas. A. Bryan, President A. & N. C. Railroad,
Dear Sir:—Below find statement of Locomotives and Car Per-formances
on this Road for the year ending June 30th, 1901.
Yours Respectfully,
JOS. H. GREEN,
Master Mechanic.
1 1
c rt w CO to ^
OH «
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a3
1) T3
n
by
Pa
ivel
and
ing
Eng
CO
cu u
O
+j
CO
Ouo
«J
r" io
be i-
«5
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3
c3
OO
o
5
3
be
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I.
o
u
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I
-4-3
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•S-gOD
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a
o <U eg eo 5 I—
«
11 o
al
No.
M
zr,
Freig
rial
and
CU a
i 3u
a
10
3
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oO
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o
to
i
to
i
to
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to
oO
oU*
o
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oh
d o
ON
266,673 0.1853 3.1642 2.2562 4.7644 4.9495 15.3195 28^
Cost of Motive Power $33,853.15
Cost of Cars 11,173.16
Br. & Tr., Frogs & Sw., Hand Cars, Road Dept. etc 606.90
Total Cost $45,636.21
*Repairs of Patterns and Tools, Shop and Engine Houses, Shop
Machinery, Superintendence, Watchmen, Water and Wood Sta-tions,
Stationery, Fuel for Shops, &c.
fWood rated at $1.40 per cord.
I Two pounds Tallow reckoned as one quart of Oil.
SYNOPSIS
For the year ending June 30th, 1901.
New Bern, N. C, June 1st, 1901.
Hon. Jas. A. Bryan, Prest. A. & N. C. R. R. Co.,
Dear Sir:—Enclosed find Report showing- cost of labor and ma-terial
consumed in maintaining- Locomotives, Cars and Shop Build-ing
during the year ending June 30th, 1901, with statement of miles
run in each class of service by Engines also table showing present
condition of Engines and Cars.
On taking charge of your Machinery Department, Oct. 3d, 1900,
I found your Locomotive Engines as follows:
Engines
Nos. 8 and 9 in very unsafe condition owing to leaky boilers and
machinery in bad repair. Engine No. 10 in serviceable order but
boiler leaking-. Engine No. 11 in bad order, needing new tubes,
boiler in bad condition, machinery needing general repairs. Engine
No. 12 in bad order, tires worn badly and boiler tubes leaking.
Engine No. 13 in fair running order. Engine No. 14 in shops for
repairs to boiler. Engine No. 15 in service but needing repairs to
crossheads and piston rings. Engine No. 16 needing repairs to
crossheads and piston. Engine No. 17 in good order except boiler
lagging which should be changed from wood to asbestos. Engines
Nos. 1 and 2 are not in serviceable order.
, Present condition of Engines are as follows:—Nos. 9, 11, 12, 15,
16, 17, 18 and 19 are in good running order. No. 8 now in shops for
general repairs. No. 13 in good order except tires, these v\ ill have
to be renewed before the engine will be serviceable. No. 14 in fair
order except boiler which needs repairs. Since last report engines,
Nos. 18 and 19 have been purchased from Baldwin Locomotive Works,
and are now doing good service.
Passenger Cars
Are in fair running order but need painting.
We have
4—First-class Cars in good order.
6—Second " " •' fair "
4—Third " " " "
1—Parlor " " good "
2—Combination, Baggage and Passenger Cars in fair order.
2—Mail and Express " " "
2—Through Baggage or Fish " " bad '•'
MASTER MECHANIC'S REPORT—Continued.
Freight Cars.
We have
20—Box Cars of light capacity and bad construction, which
should be retired as unfit for service.
20—Box Cars of 40,000 lbs. capacity that are serviceable but
need repairs and safety appliances.
10— Box Cars of 50,000 lbs. capacity in fair order.
17—Box Cars of 60,000 lbs. capacity in fair order.
We have also 67 Flat Cars of 40,000 lbs. capacity and over,
which are serviceable but a great number of them are now needing
repairs and safety appliances.
Caboose Cars.
We have 2 Caboose or Conductors' Cars which are used on the
freight trains and are in fair order.
14—Roadway or Shanty Cars which were changed from Box
Cars for Roadway service, four of which are now condemned, being
unfit for further service.
We have 50 Log Cars, 19 of which are new; 22 Log Cars rebuilt
and 9 in bad order, which need rebuilding.
6—Light capacity low side Gondola Cars which are not service-able
in heavy trains and should be retired.
Recapitulation.
Locomotives 14
Passenger train Cars 21
Box
Flat
Shanty
Caboose
Gondola
Log
67
67
14
2
6
50
Shop, Building and Machinery.
The addition to the shops are rapidly nearing completion and
will soon be in active use. The old shop buildings are in good order
except roofs, which in the near future will have to be renewed. The
machinery in the shops is virtually new and in good order, having
been purchased last year.
We have built during the year 18 Log Cars, 3 new tender frames
for engines Nos. 2, 8 and 9, 3 new pilots for engines Nos. 2, 8 and
9. We have rebuilt 12 Flat Cars and applied Automatic Couplers,
have put new bodies on 22 old Log Cars, have applied 46 Automatic
Couplers to Box Cars and 31 to Flat Cars.
During- the year we have used 144 28 inch wheels on Log Cars,
68 33 inch wheels on Passenger Cars, 8 33 inch wheels on Freight
Cars, 22 33 inch wheels on Engine Tenders, 4 30 inch wheels on
Engine Trucks.
Respectfully submitted,
JOS. H. GREEN,
Master Mechanic.
ROAD MASTER'S REPORT.
New Bern, N. C, Sept. 1st, 1901.
Mr. James A. Bryan, Prest. of Atlantic & N. C. Railroad.
Dear Sir:—Enclosed please find my report on conditions of and
expenditures on maintenance of way, depots, grounds and buildings,
and conducting transportation for year ending with June 30, 1901:
Account ok Roadway Department.
Surface and line $5, 796. 83
^
Right of way 1,169.86
Ditching and embanking 1,511. 55^
Ties, labor 1,610.15^
Ties, 26,843 at 23c 6,172.89
Trestles, labor 1,387. 56 i-e
Trestles, new material 130,250 at 12.00 1,564.20
Trestles, old repaired 66,225
Stations, buildings and grounds 100.49
Warehouses, New Bern 315.76
Warehouses, Kinston 1,074.72
New sidings 1,483.15
Superintendence 1.563.33
Pumping 539. 14
Bridge watching 510.00
Wrecks 175.92
Warehouse, Trent 966. 70
Warehouse, Neuse 46.87
Warehouse, Goldsboro 195.99
Platforms, labor acct 658.80
Platforms, material 102,068 ft. at 10.00 1,020.68
Switch, material 114,812 ft at 11.00 1,262.93
Car material shops, 3966 ft. at 12.00 47.95
Water tank, M. City, labor acct 152. 31
Laying rail 141.37^
Bolts 245.77
Shops, labor 1,679.26^
Yards 241.70
Hauling Wood 10.75
Docks and Wharves 67.50
Incidentals 88.77
Round piles, 170 at 80c 136. 00
Road side wood, 1005 cords at 1.35 1,356.75
$33,295.31
ROAD MASTER'S REPORT—Continued.
MAINTENANCE OF WAY.
Surface and Line $5,796.83,^
Right of way 1,169.86
Ditching and Embanking 1,511.55^
Ties, labor 1,610.15^
Ties, 26,843 at 23c 6,172.89
Trestles, labor 1,387. 56 i-e
Trestles, new material 130,250 at 12.00 1,564.20
Trestles, old reframed 66,225
Sidings, new 1,483.15
Laying rail 141. 37^
Bolts 245. 77
Yards 241.70
Round piles 170 at 80c 136.00
Switch material 114,812 ft. at 11.00 1,262.93
Superintendence 1,042.22
823,766.19^
DEPOTS, GROUNDS AND BUILDINGS.
Warehouse, New Bern $ 315. 76
Kinston 1,074.72
Trent 966. 70
" Neuse River new 147.36
Goldsboro new 195.99
Platforms, labor 658. 80
Platform material, 102,068 at 10.00 1,020.68
Tank, M. City Pier No. 1 152.31
Shops 1,679.26^
Docks and wharves 67. 50
Incidentals 66.58
Superintendence 390.83
$6,736.49,54
CONDUCTING TRANSPORTATION.
Pvmping $ 539. 14
Bridge watching 510. 00
Wrecking 175.92
Hauling wood 10.75
Road side wood, 1005 cords at 1.35 1,356.75
Car repair material, 3966 at 12.00 47.59
Incidentals 22. 19
Superintendence 130. 28
$2,792.62
ROAD MASTER'S REPORT—Continued.
CONDITIONS.
Regarding- the Conditions of this Department will say the im-provements
though not marked by any evidences of extravigance, are
both perminent and active in enlarging conveniences and strengthen-ing
resources for handling economically the greatly increased busi-ness
of the Company with expedition, comportableness and security.
Expedition and comport might have been encouraged by a more
liberal (extravigant) use of money, but not security, for this we have
enjoyed to the fullest measure of our expectations, in proving equal
to all demands made upon the department without accident, increas-ing
cost, or limiting the securities of transportation.
In addition to this we have built twenty new side tracks, aggri-gating
9256 feet, besides changing many of the old ones for greater
convenience of transportation.
The condition of cattle guards, waterways and trestles are fair,
and can be maintained with usual annual cost.
Platforms are in good condition, many new ones having been
built during the year and all old ones thoroughly repaired.
Depots, where we have any entitled to mention, are in good order,
excepting Morehead Pier No. 1, old depot on the Neuse, this city,
and Goldsboro. All these will require extensive repairs, and the
cost will be considerable. For the greater convenience of the patrons
and the protection of the companies interest, depots should be built
at Beston, Falling Creek, Caswell, Dover, Core Creek, Riverdale,
Havelock and Atlantic. Water stations have improved greatly, how-ever
a new tank will be a necessity for Kinston during this year.
The general condition of the track is not altogether what we
would like at this season, but considering the unprecedented weather
for the last two months, our need of drainage, wasted road bed, want
of ballast, small (45 lb.) rail, heavy tonage and numerous trains, it is
quite all we could reasonably expect. Its securety has been thorough-ly
tested during this period and proved itself equal to requirements
by safely conducting traffic, though at many points between River-dale
and Tuscarora with not very marked degrees of comfort. How-ever
the favorable weather and the ballast now being furnished will
enable us to retrieve our losses and to make ourselves secure for the
winter. Ties apparently suffered most during this period, due no
doubt to the spongy condition of the road bed. These are being rap-idly
replaced and track filled with ballast. Policeing and right of
way cutting has been neglected for matters of greater importance,
but will be given due attention soon.
Yours truly,
W. H. GRIFFIN.