| From the Yorkville (S. C.) Enquirer |
| |
| March 20, 1862 |
| |
| To the Stockholders of the King's Mountain
R. Road Company |
| |
| Gentlemen, |
| Your President and Directors
submit their annual Report, with the accompanying Exhibits of the
Treasurer, showing the transactions of the Company for the year
commencing January 1st 1861, and ending December 31st, 1861. |
| The amount of Cash in the Treasury,
on the 1st of January 1861, was |
$4,867.61 |
| Cash receipts from all sources
during the year '61 |
21,207.45 |
| Total Cash |
$26,075.06 |
| Paid Charlotte & S. C. R. R. |
$7,799.71 |
|
| Paid on Dividend |
5,182.00 |
|
| Paid on Debts of Company owing on 1st January,
1861 |
3,581.62 |
|
| Paid for expense account of 1861 |
3,970.86 |
|
| Cash in Treasury |
5,540.87 |
$26,075.06 |
| Gross Income for the year |
|
$13,774.71 |
| Namely, Freights |
$5,476.87 |
|
| " Passengers |
5,219.85 |
|
| " Transportation
of Troops |
929.35 |
|
| " Transportation
of Mails |
1,400.00 |
|
| Other Sources |
748.64 |
$13,774.71 |
| Expense of operating Road for 1861, Exhibit
D |
$6,007.59 |
| Leaving a nett income |
$7,767.12 |
| Out of which Dividend of 3 per cent. was declared,
payable on the 10th January, 1862, amounting to |
$6,090.00 |
| Leaving a surplus of |
$1,677.12 |
| Assets in Treasury, consisting of Greenville R.
Road Bonds, arrears of Mail Pay, Notes, Accounts on Freight Ledger, Shop
Books, &c. |
$6,151.65 |
| Leaving a nett surplus of |
$7,828.77 |
|
| W. E. Rose, President and Superintendent |
|