| From the Charleston Courier |
| |
| December 1, 1863 |
| |
| Wilmington & Manchester Rail Road |
| From the report of the President and
Directors and the General Superintendent, we learn that the receipts
of the fiscal year, ending September 30th, 1863, have been as follows: |
| Through Travel |
$449,680.55 |
| Way Travel |
144,493.71 |
| Freight and Minor Sources |
508,792.51 |
| Mails |
30,693.45 |
| Total |
$1,123,555.30 |
| Expenditures |
521,943.59 |
| Net Revenue net |
606,001.17 |
| Net Revenue previous year |
420,351.67 |
| Increase of Net Revenue |
$150,240.10 |
| {Many
of the above numbers have had the ink run together so that
they are not clearly read. The math above does not work with
the numbers as I read them.} |
|
| The cost of operating the road, including
the cost of two new engines, has been about 46 1/2 per cent. The net
receipts, after deducting the amount of interest which has fallen due
for the year, show an earning upon the whole cost of the road of 20.60
per cent., and upon the capital stock of 46.60 per cent. |
| During the year the Company has made an
investment of some ninety thousand dollars in Cotton, which is stowed
in sheds adjacent to the rail road. It is covered by insurance. A
portion of it has been shipped abroad, and these shipments will be
continued as opportunity offers. The purchase was made during last
spring, and its average cost per pound, with all expenses included, is
about 28 1/2 cents. |
| A sinking fund of $63,000 in Confederate
fifteen million loan has been set aside, and this with the investment
in Cotton, and further investments of a portion of the means in the
Treasury, which it is contemplated to make, will, it is hoped, enable
the Company to meet any contingency that may arise. |
| The amount of interest coupons due, but
not presented, is $109,000. |
|