| Annual Report of the King's Mountain RR |
| as of January 1, 1865, |
| President's Report |
| |
| To the Stockholders of the King's
Mountain Railroad Company: |
| |
| Gentlemen, |
| |
| Your President and Directors
submit their annual report, with the accompanying exhibits of the
Treasurer, showing the transactions of the company, for the year,
commencing Jany 1st 1864 and ending Dec 31st 1864. |
| The amount of cash in the Treasury on the 1st
January 1864, was |
|
|
$10,265 |
86 |
| Cash receipts from all sources during the year
1864 |
|
|
50,298 |
64 |
|
Total Cash |
|
|
$60,564 |
50 |
| Paid Charlotte & South Carolina Rail Road |
$12,687 |
98 |
|
|
| |
|
|
|
|
| Paid in Dividend |
8,230 |
50 |
|
|
| Paid on Debts of Company, owing in 1st January
1864 |
1,332 |
98 |
|
|
| Paid on expenses account of 1864 |
22,480 |
09 |
|
|
| Cash in Treasury |
15,832 |
95 |
|
|
|
|
|
$60,564 |
50 |
| |
|
|
|
|
| Gross income for the year |
$55,749 |
29 |
|
|
| Freights |
|
|
$18,053 |
49 |
| Passengers |
|
|
18,262 |
65 |
| Transportation of troops & stores |
|
|
16,958 |
27 |
|
"
" mail |
|
|
1175 |
00 |
| Other sources |
|
|
1299 |
88 |
|
$55,749 |
29 |
|
|
| |
|
|
|
|
| Expenses of operating road for 1864 |
22,480 |
09 |
|
|
|
Net income |
|
|
$33,269 |
20 |
|
|
|
|
|
|
| {end of
document found} |
|