| Annual Report of the Atlantic & North
Carolina RR |
| as of June 1, 1862 |
| Finance Committee Report |
| |
| Report of the Finance Committee to the
Stockholders of the Atlantic & North Carolina Rail Road, for the Year
Ending 31st May, 1862 |
| |
| Gentlemen, |
| We, the undersigned
Committee, elected at the last Annual Meeting of said Company to audit
the accounts of the Secretary and Treasurer: |
| We have examined the books
and accounts of said Company, and find all the entries sustained by
proper vouchers. The exhibits, made in the general accounts of the
Treasurer, are true statements of the affairs of the Company. We find
the total Receipts: |
| From transportation |
$119,339.85 |
| The actual operating expenses of Road |
49,420.79 |
| The net earnings of Road |
69,919.06 |
| The cash receipts from all sources |
139,789.81 |
| The cash on hand May 31st, 1861 |
2,873.96 |
| The cash disbursements |
142,367.55 |
| The cash on hand May 31st, 1862 |
296.22 |
|
| |
|
We take pleasure in stating that the accounts of the
Company speak well for the Secretary and Treasurer. To him great
credit is due for the systematic manner in which the Books are kept.
All of which is respectfully submitted. |
| W. H. Pearce
Committee |
| John C. Wooten |
| Thos. J. Kennedy |
|