AR, C&SC 1/1/1864 S

Annual Report of the Charlotte & South Carolina RR
as of January 1, 1864,
Superintendent's Report
 
Office of Sup't. Charlotte & S. C. R. R. Company
Columbia, S. C., December 31, 1863
 
To the President and Board of Directors of the Charlotte & South Carolina Railroad Company:
 
Gentlemen,
   The earnings and expenses of the road have been as follows for the present year:
   Earnings:
From Freights $270,421.99
From Express Company 186,281.86

From Passengers

294,461.52
From Mails 11,000.00
From Confederate States transportation 336,603.79
$1,098,769.16
   Expenses:
Maintenance of way $184,642.93
Conducting transportation 85,216.85
Motive power 107,526.94
Maintenance cars 75,464.58
Machine shops 104,364.67
One locomotive purchased 18,000.00
Loss and damage 30,817.74
$606,033.71
Loss and damage unadjusted 25,000.00
Due Confederate States for material 18,500.00
Due Confederate States for locomotive 22,500.00
Due Confederate States for War Tax 30,000.00
Outstanding claims 32,500.00
Donations 1,500.00
Interest on bonds 24,000.00
Two negroes died during the year 2,500.00

 

$762,533.71

Less amt. received from A., T. & O. R. R. at Cr. Expense account

21,945.53
$740,588.18
$358,180.98
   Two dividends, one of eight and another of twelve per cent., were declared and paid during the year. Sixty-seven per cent. of the income has been expended in operating the road -- a much greater per centum than for the previous year -- which, as shown by the Superintendent's report for that year, was small in consequence of "the inability to procure a full supply of material." The inadequate stock of material on hand rendered heavy purchases of supplies necessary for the present as well as the coming year. These purchases, the heavy increase in the price of labor, and the greater number of operatives rendered necessary to do promptly the increased business of the road, in connection with the comparatively small advance in our passenger and freight tariff, will account for the expenditure of so heavy a per centum of the income. A small balance is left from the net receipts after paying the dividends, which is chargeable to depreciation of property, and which will pay only a small proportion of the actual wear and tear.
   Two locomotives have been purchased from the Government; and in the month of October last I contracted with the Memphis & Ohio Railroad Company for the use during the war of two locomotives, five passenger and thirty freight cars, a portion of which have been received, and as soon as repaired, at the expense of the Memphis & Ohio Company, will be placed in service. This increased rolling stock, with the addition of one new locomotive nearly completed in our shops, and the freight cars that will be built during the year, will enable us, I think, to do promptly all business offered.
   The tonnage of the road has been heavier the present year than ever before, as will be shown by the following statement of tons of freight transported:
January 2,489 May 4,448 September 3,032
February 2,297 June 3,286 October 3,351
March 2,890 July 3,822 November 2,719
April 3,425 August 5,349 December 2,614
Total 39,662 tons
   Every effort is being made to secure a large supply of wood, timber, and other material, that we may have seasoned wood, and be enabled to put the track and rolling stock in a complete state of repair during the next summer.
   I am pleased to state that since I took charge of your Road as Superintendent, on the 12th of March last, the officers and operatives have rendered valuable service, and evinced every disposition to further the interest of the Company and Government
Respectfully submitted
Thos. R. Sharp
Superintendent

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