| From the Raleigh State Journal |
| |
| December 6, 1862 |
| |
| Wilmington & Weldon Railroad |
| The report of President Walker, of the
Wilmington & Weldon Railroad Company, exhibits that enterprise is
a very prosperous condition. The receipts for the year ending 30th
September, are as follows: |
| Through travel |
$297,213.53 |
| Way travel |
193,842.45 |
| Freight and minor sources |
225,200.15 |
| Mails |
31,200.36 |
| Total |
$657,307.58 |
| As compared with the
same sources for the previous year, it will exhibit a gain
from |
| Through travel |
$108,086.16 |
| Way travel |
45,986.37 |
| Freight and minor sources |
43,577.97 |
| Total |
$197,650.50 |
|
| A loss of $13,806.77 in the mail
compensation compared with that of the previous year, reduces the
gain over the receipts of last year at $183,843.73. |
| The abstract of expenditures shows that
the total cost of operating the road for the year has been
$280,955.91, leaving a net revenue amounting to $426,351.67 -- being
for operating 35:13 per cent. of total receipts. |
| The nett earnings have been 17.14 per
cent. upon the entire cost of the road. After deducting interest paid
they have been 15.88 per cent. Upon the capital stock they have been
32.27 per cent. Deducting interest5 paid they have been 35.53 per
cent. upon the capital stock. |
| The number of through passengers carried
during the year has been 67,359. The number of way passengers has been
67,105. |
| The roadway is in good order. |
| The indebtedness of the company is as
follows: |
| First mortgage bonds |
$596,000.00 |
| Second
" " |
200,000.00 |
| Income |
164,000.00 |
| Bonds secured by hypothecation of stock in
Wilmington & Weldon Railroad Company |
75,000.00 |
| Bills payable |
601.77 |
| Other liabilities, (see Treasurer's Account
Current,) |
22,830.28 |
| Total |
$1,058,432.05 |
|
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