NP, CW 7/14/1862

From the Carolina Watchman (Salisbury, N. C.)
 
July 14, 1862
  
North Carolina Rail Road
   The Report of the President of this Road to the late annual meeting of Stockholders exhibits a gratifying account of its operations and financial condition.
The total earnings for the year sum up $791,063 68
Total disbursements 440,420 16
Nett Earnings $360,643 52
   The increase of gross earnings over the previous year is $370,401.79; and of nett profit $269,363.93.
   This statement embraces $90,008.69 payment of debts contracted prior to the commencement of the fiscal year:$6,363.88 for new cars built in the shops; $28,000 for payment on coupons on funded debt; and $25,000 for the sinking fund.
   The total cost of working the Road from 1st June 1861, to 1st June 1862, is $241,957.17 -- about 30 per cent of the whole earnings.
Whole number of passengers, exclusive of soldiers 117,325 00
Whole number of soldiers 87,057 00
Total of passengers, during the year 204,382 00
Earnings from private freight $148,863 00
Government freight 123,535 40
Total freight earnings $272,398 40
   The Road is said to be in much better condition than this time last year. It has been ditched from Concord, East, and 93,082 new sills have been put down. As many more are needed to put the road in sound condition.
   The Shops have been the salvation of the Road, under the direction of the Master Machinist, Mr. E. H. Marsh.
   The Road is to have Telegraph Offices at nearly all the towns, and the freedom of the line for the use of the road, at the expense of keeping up the poles.
   We will refer to this report again.

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