| Annual Report of the Atlantic & North
Carolina RR |
| as of June 1, 1864 |
| Finance Committee Report |
| |
| Report of the Finance Committee to the
Stockholders of the Atlantic & N. C. Rail Road, for the Year Ending 31st
May, 1864 |
| |
| Gentlemen, |
| The undersigned, a majority
of the Committee, elected at the last Annual Meeting of the Stockholders
of said Company, to audit the Accounts of the Treasurer, submit the
following Report: |
| They have examined the Books,
and find all entries sustained by proper vouchers; and from the
statements of the Treasure's accounts, we find the affairs of the
Company for the year ending 31st May, 1864, as follows: |
| Balance of Cash on hand 31st May, 1863 |
$14,203.17 |
|
| Cash receipts for Fiscal Year ending 31st May, 1864 |
345,214.22 |
$359,417.39 |
| Cash Disbursements for Fiscal Year ending 31st May, 1864 |
356,177.41 |
|
| Balance of Cash in Treasurer's hands 31st May, 1864 |
3,239.98 |
359,417.39 |
| Transportation Receipts for Fiscal Year 31st May 31, 1864 |
314,967.31 |
|
| Operating expenses for the Fiscal Year ending 31st May, 1864 |
100,720.44 |
|
| Net Earnings for the year ending 31st May, 1864 |
|
$214,246.87 |
|
|
|
| For detailed statements of
the affairs of the Company, we refer you to the printed tables of the
Treasurer. |
| We take pleasure in stating,
that we find the Books and Accounts of the Treasurer kept in a neat and
business like manner. In this connection we respectfully suggest, that
we deem the salary of the Treasurer entirely inadequate compensation for
the talents and industry evinced in his business transactions, and would
respectfully recomm3end that it be increased. |
|
Respectfully submitted, |
| M. F. Alesdell, Committee |
| L. W. King |
| Thos. J. Kennedy |
|