| From the Raleigh Register |
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| December 25, 1861 |
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| Unprecedented Prosperity |
| The Petersburg railroad, by which this
city is placed in direct communication with Weldon, N. C., and all the
South, although but 84 miles in length, is one of the most profitable
corporations of its kind in the Confederacy. It will be seen by a
notice in another column that the Board of Directors have declared a
dividend of 12 1/2 per cent, payable on and after the 1st of January
next, five per cent of the amount accruing out of the profits of the
last six months. There is not another railroad in the South, that we
are aware of, which can equal this. |
| There is no disguising the fact, that the
Petersburg railroad is now one of the best conditioned and best
managed roads in the country. Throughout its entire length it is in
unexceptional order. Its track is as smooth as glass, and its coaches,
depots, etc., all in the very best condition. Its finances, like
everything else connected with it, speak for themselves, and the
potential tone in which they speak, is best attested by the very
captivating dividend to which we have already referred. We
congratulate the stockholders generally, and the city of Petersburg
particularly, which secures so large a dividend, she being the
heaviest shareholder. Under the last order of the Board, the city of
Petersburg receives $61,275, which, added to the dividend drawn from
the same source last July, of $19,608, makes a grand aggregate drawn
by the city in two installments, of $80,883. This will be quite a
relief to our tax payers, as the entire expenses of the city per
annum, if we have been correctly informed, do not greatly exceed
$100,000. |
| Petersburg Express |
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| We congratulate the Cockade on the
prosperity of a work in which she is so deeply interested as a
stockholder, and hope to see a prediction which we made years ago
verified, to wit: that the time would come when the dividends on her
stocks would pay the annual corporation expenses of Petersburg. Well
do we remember that when the Petersburg Railroad was projected, the
croakers predicted that one end would rot down before the other was
finished. |
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