AR, R&G 6/1/1865 FC

Annual Report of the Raleigh & Gaston RR
as of June 1, 1865,
Finance Committee's Report
 
Finance Committee's Report
 
   Your Committee have carefully and thoroughly examined the property of the Company, and find, to their surprise and pleasure, a much better condition of things than we expected. The road bed is in excellent condition, with the exception of a few places of bad iron. We think two or three hundred tons of iron would put the road in its former good condition.
   The buildings and water tanks are ample, and of the most permanent character of the kind. The bridges are safe and in good order, but the one at Jeffries' needs some little repairs to protect it from the weather. The destruction of Cedar Creek bridge was a serious loss to the Company, as the present temporary structure will not last more than a year. We concur with the Directors in the belief that it is not to the interest of the Company to rebuild the Gaston bridge.
   We have examined the Books of the Treasurer and Auditor, and find them to be carefully, neatly and faithfully kept.
   The reports of the President and Treasurer will give correctly the financial condition of the Company. We believe the receipts of the present fiscal year will be sufficient to meet all the necessary expenditures, and we look with confidence for handsome results from the efficient labors of the Company's able officers. Your road is in good hands, as the last four years will testify. No road in the South will compare with yours in its good condition, thorough discipline and efficiency. The Rolling Stock, when repaired, will be sufficient, we suppose, to meet the demands of the public.
   The Shops and some of the Engines we did not examine, as they are in the hands of the Military authorities, at present, but we are gratified to learn will shortly be returned to the Company.
C. H. K. Taylor, Chairman
Thos. White
Robt. W. Haywood
July 20, 1865

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