AR, A&NC 6/1/1862 FC

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
   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