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PROCEEDINGS
OF THE
STOCKHOLDERS
OF THE
Hleigl k
AT THEIR
TWENTY-SECOND ANNUAL MEETING,
HELD AT
"Raleigh, July IStli, 1872.
Also, the Annual Reports of Ihe President SuperintendeHl Treasurer, k.
E ALEI G H:
JOHN: NICHOLS ^ CO., BOOK AND JOB TRINTEES.
1872.
DIRECTORS AND OFFICERS.
D IRECTORS.
WM. J. HAWKIN8, A. M. McPHEETERS,
S. S. EOYSTER, GEORGE LITTLE,
J. B. BATOHELOR, WALTER CLARK,
PAUL C. CAMERON.
• OFFICERS.
WM. J. HAWKINS, PiiESiDENT.
A. B. ANDREWS, SurEKINTENDENT.
W. W. VASS, Treasurer.
COMMITTEE OF FINANCE & INSPECTION.
T. B. VENABLE, D. M. BARRINGER,
R. S. TUCKER,
ANNUAL MEETING.
Eahigh, July ISth, 1872.
The twenty-second annual meeting of tlie Stockholders of
the Ealeigh and Gaston Eail Eoad Company, was held, at
12 o'clock, noon, at office of the Company.
On motion of Dr. AV. J. Hawkins, the Hon. B. F. Moore,
of Raleigh, was called to the Chair, and W. W. Yass and
Thomas Badger appointed Secretaries.
A. M. McPheeters, Esq., from the Standing Committee
on Stock and Proxies, presented the following report :
Capital stock of the Company, - - 15,000 shares.
Shares represented in person, - - - 1,973
Shares represented by proxy, - - - - 10,610
Total representation in meeting-. - - - 12, 589 shares
The Chairman announced that the meeting was duly or-
ganized, and ready for business.
The annual report of the Board of Directors for the fiscal
year ending May 31st, 1872, was presented and read by Dr.
W. J. Hawkins, Piesident of the Company, and on motion,
received by the meeting.
T. B. Venable, Esq., Chairman of the Committee of Fin-
ance and Inspection, presented their report, which was read,
and on motion of Hon. 1). M. Barringer, received.
Dr. W. J. Hawkins, Piesident, read for the information
of the Stockholders, and in compliance with a resolution
adopted at the last meeting, the annual report of the Boaid
of Directors of the Ilaleigh and Augusta Air-Line Rail Road
Company.
Joseph B. Batchelor, Esq., offered the following resolu-
tion, which was read and adopted :
Whereas, the resolution published in tlie proceedings of the Stock-
holders at their last annual meeting, disapproving of the action of the
Directors in reference to the Railroad Immigration Association of North
Carolina, was not passed by the said meeting, but was published in the
proceedings of the said meeting by mistake, therefore
Hesolved, That the record of proceedings of said meeting be amended
by striking out said resolution.
The following preamble and resolution was offered by
Gen. Bradley T. Johnson, of Richmond. Va. :
Whereas, it appears by the report of the President and Directors of
this Company to this meeting that the gross earnings of the Company for
the past year have been |359,376 99, of which $304,876 98 have been
expended for ordinary expenses and ^70,514 15 for extraordinary ex-
penses being mainly for bridges built, new iron laid, new locomotive
paid for, leaving a balance as net earning of $83,885 86, which, with
other balances in the treasury, show the sum of over $100,000, subject to
be divided among the Stockholders,
And whereas, said report also shows that the bridges and track of
said road are in good repair only needing some new iron, bridge, a loco-
motive and freight cars to complete its equipment and put it in good or-
der, the whole of which are estimated to cost the sum of $70,000, which
is the sum expended last year for the like repairs and improvementis.
And whereas, it thereby appears to this meeting that the earnings of
the said road for the next year will have this sum necessary for extraor-
dinary expenses and leave a balance of net earnings at least as large as
that left by the present year's operations, but this meeting, for greater
caution, is desirous of carrying a considerable sum over to the credit of
the current year.
And whereas, a dividend of five per cent, on the capital stock of the
Company will require the sura of $75,000 and thus leave $25,000 on hand
to be carried to the next year, therefore
Hesohed, by this general meeting of the Stockholders of the Raleigh
and Gaston Railroad, that the President and Directors of this Company
are hereby directed, forthwith, to pay over a dividend of five per cent, on
the capital stock of said Company and to carry the balance on hand over
to the credit of the current year to be expended for extraordinary ex-
penses of this Company.
The preamble and resolution were freely discussed by Gen.
B. T. Johnson, Jos. B. Batchelor, Esq., Oapt. Jos. J. Davis,
Maj. Geo. W. Grice, of Portsmouth, Ya., and T. B. Vena-
ble, Esq., when
T. B. Venable offered as a substitute the following :
Be^hed, That the Stockholders approve the action of the Board of
Directors in not declaring a dividend for the past year.
Hod. B. F. Moore proceeded to address the meeting and
at the conclusion of his remarks,
On motion, a recess was talcen until 3^ o'clock, p. m.
The meeting was called to order, at 3h o'clock, by the
Chairman.
The discussion was then continued by P. C. Cameron,
Esq., of Hillsboro', and others, when, upon motion, the ques-
tion being called, and a stock vote demanded, the substitute
offered by T. B. Venable, was carried by a vote of 5,014 as
against 730 votes.
Maj. E. S. Tucker asked and obtained leave to explain
the vote as cast by him.
The substitute having been adopted, on motion of Col.
Walter Clark, a stock vote was taken on same, which passed
by a vote of 5,019 as against 734 votes.
The following resolution was offered by Maj. Venable :
Resolved, Tliat the Directors be authorized to use the surphis of funds
in hand iu improving the condition of the road and its equipment, and
in creating a sinking fund, by proper investments, for the extinguish-
ment of the debt of the Company.
Gen. B. T. Johnson offered the following as a substitute :
Resohed, That the President and Directors be directed to declare and
pay forthwith a dividend of five per cent, on the capital stock of the
Company.
On motion of Maj. Geo. W. Grice, a stock vote was then
taken, resulting in the rejection of Gen. Johnson's substitute
— affirmative, 734 votes ; negative, 5,004 votes.
The question then recurring upon the original resolution
as offered by Maj. Venable, the same was adopted by the
following stock vote : Aftirmative, 5,004 votes ; negative,
734 votes.
Hon. B. F. Moore, in behalf of the Committee appointed
by the last Stockholders' meeting for the purpose of consi-
dering the question, whether an amendment of the Charter
of the Company, changing the mode of electing the Presi-
dent, would transfer the control of the Charter to the Gen-
eral Assembly, made a verbal report, declaring it to be inex-
G
pedient- at this tttlie, to accept such amendment of the Char^
ter, which elicited a lengthy discussion, participated in, by
Son, B. F. Moore, Jos. B. Batchelor and Jos. J. Davis.
At the conclusion of the dis^cussion, on motion of Maj. G.
W. Grice, seconded by Hon. D. M. Barringer, the following
was adopted:
Resolved, Tliat, when this meeting do adjourn, it adjoili'ns to meet
again at the same place on the first Thursdaj^, being the 3d day of Octo-
ber, 1873, at 10 o'clock, a. m.
The following was presented and read to the meeting :
To the StocMioMers of the Raleigh ami Gaston Rail Road Company :
Gentlemen: At a meeting of the Board of "The Trustees of Wake
Forest College " held in the town 'of Charlotte in November, 1871, a re-
solution was passed, appointing James L. Purefov, W. T. Walters and
John G. Williams, a committee to petition the Stockholders of the Ra-
leigh and Oaston Rail Road Company, to move the depot from Forest-
ville to tlie College at the expense of the Trustees of the College.
We, the undersigned, therefore, in l)ehalf of the Trustees, do most
respectfully ask the Stockholders to move tlie depot from Forestville to
the College in accordance with the aljov^e resolution of the Trustees, at
your earliest convenience.
JAMES L. PUREFOY, }
W. T. WALTERS, [ Committee.
July 18th, 1873. JOHN G. WILLIAMS, )
On motion of Maj. Grice, of Portsmouth, the foiegoing
memorial was leferied to the Board of Directors with in-
structions, to investigate, and report to the adjourned meet-
ing in October.
On motion of Alexander M. McPheeters, Esq., the meet-
ing adjourned to the first Thursday in October next.
B P. MOORE, Chairman.
T^Hor'BlDGKU, 1 ^''''^^^^'''
PRESIDENT'S REPORT.
liALEKlH & (t ASTON EAILROAD COMPANY,
President's Office,
Raleigb, N. C, July 18, 1872.
To the Stockhohlei's of the
Bale'ujh & Gaston Railroad Company :
Gentlemen : In compliance with your By-Laws and
Charter, we submit our twenty-second annual report for your
consideration and approval.
The Eeports appended, of the General Superintendent,
Auditor and Treasurer of the Company for the fiscal year
just closed so fully sets forth the financial condition of the
Company that we need say but little.
The earnings of the Eoad for the fiscal year ending May
31, 1872, have been as follows :
From Freight, $271,315 00
" Passengers, - - - - 80,086 99
" Mail, ' 7,275 00
$359,276 99
The operating expenses were - - - 204,876 98
Balance in favor of earnings, - - $154,400 01
The extraordinary expenditures, charged to
transportation, - - - . _ 70,514 15
Amount of net profits of year's business, 83,885 86
Miscellaneous receipts, and bond of R. & D.
E. E. Co., ------ 2,976 52
Net balance from last year, - - - 28,821 30
Amount, - - - $115,683 68
Payments to debt, interest, &c., per Treasu-
rer's statement, - . - . 18,168 90
Leaving balance on hand, May 31, 1872, of $97,514 78
equal to about 6 per cent, on the Capital of the Company.
8
The Board deemed it to the best interest of the Company
not to make a dividend of the surplus, but to hold the earn-
ings for permanent repairs and in aid of the Kaleigh and
Augusta Air Line R, R. We believe the extension of that
Eoad to the Wilmington, Charlotte and Rutherford Rail
Road would rapidly and largely increase your receipts and
more than compensate you, by the increased value of your
stock in the Raleigh and Gaston R. R. ; would give you a
new aud independent short line to Charlotte, open up the
finest naval store section in the South, and make your re-
ceipts nearly, if not e^iual to j-our present business h'om the
ISTorth CaroUna R. R. Its eaily completion is more than de-
sirable.
Your receipts were increased over ten thousand dollars,
being entirely from the Raleigh and Augusta Air Line R. R.
We may confidently expect a gradual increase to our receipts
from that Road, and with every mile of extension.
With the exception of the Iron, your Road is in good con-
dition. Some 70 miles of this Iron was put down in 1852
and '53, is now much worn and becoming rough ; in that
condition it is a very bard matter to keep up the track, be-
sides, the wear and tear of the machinery is greatly increased
thereby.
Your Locomotive and Car equipment is short, the in-
creased tonnage and the necessity for reduced rates requir-
ing more work and more mileage to produce the same results.
We have ordered one new Engine from the Baldwin Loco-
motive Works, of Philadelphia, which will be delivered to
us at Weldon, in October next. We have made very favor-
able contracts with Dr. Dowd for car and other lumber,
which he is now delivering.
The Bridges and Buildings ai'e all in excellent repair. The
small bridge across Crabtree Creek should be rebuilt this
year. We have taken out insurance on two of our bridges,
the Tar River and Cedar Creek, both of them iron deck,
Howe truss, expensive and valuable structures.
The Board considered it advisable to build a Depot at
Huntsville and one at Pacific. Out of the old and sound
timbers from the Tar River Bridge, two Depots in part have
9
been framed and will soou be ready to be put up. They will
be placed at the two points named, unless otherwise ordered
by the Stockholders.
There is a growing desire and disposition on the part of
the people living and settling on the line of your Eoad, to
build up the several stations and Depots into small towns
and villages, greatly to the interest of the Company. The
citizens, trustees and students of Wake Forest College desire
the Depot at Forestville to be moved to the College, under
the strong belief that they can soon build up at the new
station a thriving and respectable village. Your attention
is called to the subject.
The Legislature at the last session passed two acts, one
concerning the Chatham Bail Eoad, in which the Raleigh &
Gaston E. R. or any other Eail Eoad is authorized to aid in
the construction and extension of that Eoad (now the E. &
A. A. L.), also, an act to amend the Charter of the E. & G.
E. E., both of which are appended. The act concerning the
Ealeigh & Augusta Air Line E. E. has been accepted by the
stockholders of that Company, in general meeting called for
that purpose. Your attention is called to the other for your
approval or disapproval.
The suit of the State of North Carolina against this Com-
pany, for taxes, in the United States Court, at Washington,
has been decided in our favor.
Eespectfully submitted,
W. J. HAWKINS,
PresidenL
10
AN ACT TO AMEND THE CHARTER OF THE RALEIGH AND
GASTON RAIL ROAD COMPANY.
Section 1. The General AssemNj/ of North Carolina do enact, Tluit sec-
tion one (1) of an Act of tlu; (ieiieral Assembly entitled ''An Act to
amend the Charter of the Raleigh and Gaston Rail Road Company, ratl-
iied the fonrth day of March, one thousand ciyht hundred and sixty-seven,
l)e amended so as to reail as follows: That the Stockholders of the com-
])imy at the regular nieetings thereof, shall elect a President and six
Directors, each of whom shall be a Stockholder in said Company, and
shall constitute the Board of Directors of said Company, with power to
manage all the affairs thereof, and shall continue in office for one year,
or until their successors are elected. In the electi(m of President and
Directors, and whenever a vote by stock sliall be taken, each Stock-
holder shall cast one vote for each share of stock owned by him. The
President and any three members of the Board, or in the absence of the
Presi<lent any four mcmliers of the Board, shall constitute a quorum for
the transaction of bnsiness. and shall elect one of their number President
pro tern. In case any vacancy shall occur in the office of President or
Directors by death or resignation, or otlierwisc, such vacancy shall be
filled by the ai)])ointment of the Board until the next election.
Sec. 3. That all ])arts of sections and clauses of the original charter
of said Company, and amendments tliereto, coming in conflict with this
act, be, and the same are hereby repealed.
Sec. 8. That U])on the acceptance of this act as a part of the charter
of said Com])any liy the Stockholders representing a majority of the
.stock at the lirst general meeting of the Stockholders thereof, it shall
become and constitute a ])artof the charter of said Company.
Sec. 4. That this act shall be in force from and after its ratification.
Ralitied the 4th fjav of Dcceiiiber, A. D., 1871.
AN ACT CONCERNING THE CHATHAM RAILROAD, AMENDA-
TORY OF C-EIJTAIN ACTS, AND AUTHORIZING A CHANGE
OF NAME.
Sec. 1. The General AssemUy of North Carolina do enact, That the
Chatham Railroad Company shall hereafter be known by the corporate
name of the Raleigh and Augusta Air Line Raili'oad Company.
Sec. 2. That it shall be lawful for the said Railroad Company to
change the line of its road as heretofore prescribed, so as to extend it
from its pr.'sent terminus or such point on the line of the same as it may
deem advisable, to such point on the South Carolina line in the direction
of Augusta, in the State of Georgia, as the said company may deem
most eligible, and as much farther as may be authorized by the States of
South Carolina and Georgia, and to locate and construct such branch
road or roads, not exceeding in length, from the line of said Railroad,
as may be authorized from time t(') time by the Stockholders ; and in
building and the use of sueh branch Railroads the said Company shall
have all the rights, privileges and immunities granted to it by the act to
incorporate the Chatham Railroad Company and other acts amendatory
and supplementary to the same, and of this act.
Sec. ?>. If the capital stock of the said company now authorized shall
be deemed insufficient for the purposes of this act it shall and may l)c
lawful for the Company in general meeting from time to time to increase
the same by the addition of as many snares as they may deem requisite,
and the Board sf Directors, with the consent of a majority of the votes of
11
all the Stockholders in general meeting may make such portion of the
capital stock alreadj'^ authorized, or of any additions to the same as tliey
may deem advisable, a guaranteed or prefered stock, upon whicli guaran-
teed or prefered stock, such interest or dividends may he guaranteed as
the directors may deem advisable; and tlie directors may, with the con-
sent of a majority of the votes of all the Stockholders in general meeting,
secure such guaranteed interests or dividends by liens or mortgages upon
all the property and franchise and income of the Company, or u}jon any
portion thereof, and the Directors may in their discretion authorize sub-
scriptions to be received for such additional stock (either common or
guaranteed or both) at such prices and in such manner as may be pre-
scribed by them, or may sell the same or any part thereof for the benefit
of tlie company: Provided, That the entire capital stock so created, shall
not exceed iive million of dollars. And the said Board of Directors,
with the consent of a majority of tlie votes of all the Stockholders, shall
have power to Ijorrow money for the purposes of the railroad authorized
by this act ; and for loans made Ijy them to issue bonds with or without
the privilege of conversion into stock in such amounts, and paytible at
such times and ])laces, and at such rates of interest as they may determine,
and to pledge tlie property and franchises and income of the Company
or any poition thereof by mortgage or otherwise, for the payment of the
principal of the same and the interest that may accrue thereon.
Sec. 4. Authority is herelty given to the Raleigh and Gaston Railroad
Company, or any other Railroad Company connecting therewith, to sub-
scribe to, or purchase stock of any kind of the said Raleigh and Augusta
Air Line Railroad Company, and in order to enable them to make such
subscription or purchase, it shall be lawful for any such company to issue
mortgage lionds for such amount and of such form, and of such rate of
interest as it may deem advisable; and it shall be lawful for any such
company to purciiase or endorse the mortgage bonds of the Raleigh and
Augusta Air Line Railroad Company.
Sec. 5. The said Raleigh and Augusta Air Line Railroad Company
may at any time hereafter discharge the bonds of Chatham Railroad
Company, deposited with the ])ublic treasurer, in the same manner and
not otherwise, as the said Chatham Railroad Company is now authorized
by law to do, and the Public Treasurer is hereby directed to return to
the said Raleigh and Augusta Air Line Railroad Coni])any, the said lioiids
of said Chatham Railroad Comiiany, on payment in the manner altove
prescribed until the whole amount of said bonds of the Chatham Rail-
road Company held by the state shall have been surrendered.
Sec. 6. All acts and parts of acts heretofore passed inconsistent with
this act are hereby repealed.
Sec, 7. This act shall be in force from and after its ratification.
Ratified the 13th day of December, A. D., 187L
SUPERINTENDENT'S REPO
RT.
MP ANY,
I 2d, 1872.
t of the op-
iy 31st, 1872.
$359,276 99
$204,876 98
$154,400 01
$70,514 15
Ealeigh & Gaston Railroad Co
Su/permtendenVii Office^
Raleigh, Is\ C, Jul^
Dr. W. J. Hawkins,
President :
Sir : I respectfully submit ray annual repoi
erations of this Company for the year ending Mi
earnings.
From Freight, - - - 271,315 00
" Passengers, - - 80,686 90
«' Mails, - - - 7,275 00
Total, -
ordinary expenses.
Conducting Transportation, 63,470 32
Maintenance of Way, - - 45,439 48
Motive Power, - - 63,370 07
Insurance, - - - - 1,425 00
Miscellaneous, including Mileage,
&c., ... - 31,172 11
Total,
Earnings over Operating Expenses,
EXTRAORDINARY EXPENSES.
Tar River Bridge, - - 15,328 42
Iron, Chairs, and Spikes, - 38,806 63
New Locomotive, - - 12,976 06
Vault, .... 1,300 00
Real Eestate, - - - 2,103 04
Total Extraordinary Expenses,
Earnings over Ordinary and Ex-
traordinary Expenses,
$83,885 86
For a more detailed statement of Tonnage, Mileage^ &c.,
I refer j'ou to the Auditor's Tables and Statements.
Comparing the gross earnings of last year with the pre-
vious yeai-, we have an increase $10,854 00.
The whole of this increase was from the line of the Ral-
eigh & Augusta Air Line Eail Eoad, our receipts to and
from that Road amounting to $25,o03 87. From that
source we may reasonably expect a healthy and continual
increase, and if extended we may safely look for a very large
accession to our receipts, both Passenger and Freight,
The lease of the North Carolina Road to the Richmond
& Danville Road, in the future, I fear, may very materially
lessen our receipts from that line, and may continue until
connection can be made with W., C. & R. R. R. From that
connection we may hope to regain all that we may lose from
the X. C. R. R.
THE llOADWAY
has been nuich improved in the past yeai-, and is now in
good condition. AVe have laid 5^ miles of ;")() pound T rail
(Fish Bar) on the oth Section, and half a mile on the 8th
Section. We have used the best of the old rails taken from
the oth Section in replacing the rough and worn o { rails on
other portions of the Road. We could use to gi. t advan-
tage at least 12 miles of new rail this year. We ur.e now
on hand about 350 tons of old rails for sale. We ha c used
in repairs of track, 30,177 cross ties and 221 kegs ot spikes.
The track is being well ditched and put in condition for the
winter.
THE 15KIDGES
are all in excellent condition — Tar River Bridge, just com-
pleted, a very handsome and durable structure ; Cedar Creek
and Deep Creek, nearly new ; Crabtree and Keuse River lat-
tice Bridges, perfectly safe, until we are ready to re-build
with the Howe Truss or some other pattern. AVe built a
new bridge across the R. R. track at Hillsboro Street, Ral-
eigh. All the buildings of the Company are in good order.
The general condition of the Roadway and track will com-
pare well with any previous year, except the Iron, a great
14
deal of which is now 20 years on the Eoad. We have used
12,233 coids of wood ; have now on hand 8,515 cords, 3,000
of which is 2 feet wood.
OUll J.OCOMOTIVES (12 IN NUMIiEll),
except the Wake, are all in rnnniug order. The Wake is in
the Shops, beii]g rebuilt. Engine Franklin has been tho-
roughly overhauled and a new Fire Box put in. The Ed-
wards, a new Locomotive, from the Baldwin Locoiuotive
Works, was received at the Shops on the 13th of January
and put to service at once. She is an excellent machine.
The Eoanoke lias been constantly running for two j-ears and
will soon need some repairs.
THE SHOPS AND TOOLS
will compare tavoiably with any other Shops South. We
have added many new Tools, one of Sellers & Bi'o.'s Punch-
ing and Sheaving Machines and a Bolt-Ontting Machine, all
of which give entire satisfaction. The Stationaiy Engines in
both Shops have been oveihauled during the past year. We
have also done consideiable Bridge work, built a new Baa--
gage Oar, 1 1 new Box Oars, and rebuilt 2 Mat Oars, built
10 new Box Oais for tlie B. & A. A. L. 11. U.
OUU CAllS
are all in good oider. We have $1G,7S4 00 worth of Stores
on hand, including a large amount of material for builtling
new Oars.
Our Tiains have run with the greatest regularity. It af-
fords me pleasure to state that no accidents have occurred
to them causing the loss of life or serious injury to any pas-
senger or employee, nor to any of the Oompany's property.
Mr. Gayle, the M. M , and Mr. Throwei-, the R. M., have
each displayed skill and energy in the management of their
respective departments. The Otticers and men employed on
the Koad have, with few exceptions, discharged their daties
with skill and alacrity, and I must take this opportunity of
returning my acknowledgments to them.
Eespectfully submitted,
A. B. ANDREWS,
Superintendent.
TREASURER'S REPORT.
Xo. 1.
Shows the earnings of Road for liscal year ending May 31, 1872.
No. 2.
Shows the transportation exj)enditures for year ending May 31, 1872.
No. 3.
Annual statement of receipts and expenditures for year ending May
31, 1872.
No. 4.
statement of the debt of Company.
No. 5.
liesources and liabilities of Company, May 31, 1873.
No. G.
Auditor's statement of the montldy earnings of road at the several sta-
tions, for the fiscal year ending May 31, 1872, and other statements fol-
lowing numbered from 6 to 11 inclusive.
No. 12.
List of stockholders in the Raleigh and Gaston Rail Road Company,
July 1, 1872.
W. W. VASS, Tre<i.surer.
Office Raleigh & Gaston R. R. Co ,
July 11, 1872.
16
Ko. 1.
Statement of the Earnings of Raleigh and Gaston Rail Road Company,
from June ist, 1871, to May 31st, 1872, compared with ihe two previous
fiscal years.
June,
July,
August
September. .
October, ...
November, .
December, .
Jauuary, . . .
February, . .
March
April
May,
United ytatos Mail service.
X8'7'l-'r2.
Freight. Passengers. Total
$14,782 23I
14,871 9!)
20,233 07
35,431 94
33,440 16:
24,317 64J
23,740 13
21,703 05I
19,270 33
20,602 39
24.041 68
18,880 39
6,771 98
7,170 63
7,647 20
8.439 94]
8,299 10,
7,596 52
7,583 27;
7,008 50j
5,277 87|
5,003 10,
5,957 10
3,931 72
$21,554 21
22,042 62
27,880 27
43,871 88
41,739 32
31,914 16
31,323 40
I
28,711 55
24,548 20
25,605 49
29,998 78
22,812 11
$271,315 00, S80,G36 99] $352,001 99
7,275 00
Total,
$359,276 99
1870- • 1.
Total.
$19,465 28
18,588 97
25,082 13
33,791 58
38,532 52
39,020 85
36,769 96j
30,112 SSJ
27,235 98
28,350 89
21,270 75
22,889 30
1869- "VO-
Total.
$17,358 29
17,200 68
20,230 41
27,707 29
33,333 97
25,776 76
30,977 24
27,879 58
27,032 57
26,687 18
27,336 14
23,050 74
$341,110 51 $304,570 85
North Carolina State Library
Raleigh
17
No. 2.
Transportation expenditures of the Raleigh and Gaston Rail Road Com-
pany, from June rst, 1871, to May 31st, 1872.
For Condyle ting Traiasportation,
Embracing cost of conductors and traiu-hands; agents, clerks and labor-
ers at deiJOts; stock killed, losses and damages: fuel; overcharges, and
miscellaneous,
iMaiiatenance of Way,
Embracing cost of superintendence, laborers, roadway, subsistence, re-
pairs of bridges and culverts, ties, repairs of buildings, tools, tanks, and
miscellaneous
Machinery Departm.ent
Embracing cost of engine runners, firemen, cleaners, &c. ; repairs of en-
gines and cost of materials, repairs and construction of cars and coaches,
and of materials ; oil, tallow and waste ; and miscellaneous,
Miscellaneous,
Salaries— preisdent, secretary and treasurer, superintendent, auditor, . .
Incidential Expenses — embracing printing, advertising, stationery, U. S.
stamps, miscellaneous, &c.,
Insurance of bridges,
Office Expenses — pay of clerk, telegraph operator, office boy, and mis-
cellaneous,
Mileage of Cars — paid other companies,
Total operating expenditures, .
Tar River bridge,
Iron, chairs, spikes, &c.,
Equipment, (including cost of locomotive, W. N. Edwards,)
Beat estate,
Office vault, ...
Total transportation disbursements, .
f; 63,47U 32
45,439 48
03,370 07
9,500 00
7,515 39
1,425 00
2,108 68
12,048 04
$204,876 98
15,328 42
38,806 63
12,976 06
2,103 04
1,300 00
$275,391 13
18
Xo. 3.
Annual statement of Raleigh and Gaston Rail Road Company, for the
fiscal year, commencing June ist, 1871, and ending May 31st, 1872.
To piiniiii^s of road from froiglit, passengers and
mail.
By paid on transportation account,
:'„"i'.),276 !)9
27o,:-'.l)I r.i
I'rotits from transportalion for the year, if 83,885 8G
Amount on liand May :!Ist, 1871, per last year's |
stidemt'iit, .' $ 120,745 35!i
By Dividend of Julv, 1871, G per cent. il
'on 14,!) 17 shares^ $89,0.^2 00 1
By i)ai(i internal revenue tax, 2.^ perct.. 2 242 o.") 111. 1)24 ()5}j 28,821 30
Miscellaneous receipts, during the year
Collected matured l)on(l of Richmond and DanvilU
Rail Road Company,
1,17G 52
1,800 00
Amount 1$ 115,683 1)8
By paid on debt — reduced hiils payable, 10,480 50,,
By paid interest on loan of 18(i8 3,150 ooi!
By paid on general interest account 4,538 40 [ 18, 1G8 1)0
Balance on Imnd, May 31st. 1872, ii$ '.)7.514 78
1872.
.Miiy ,'il, To liidiiive hi'()ui:lit forwnrd, iis surplus.
Dividends unpiud
Olher Ciiuipanic-s, crrdiled
Amount
By cash on depii.s'n in .^t.itc National Bank, !fl 13.224 2(i
Citizens' •' " 14,0!)1 31
Raleigh " " !),!)03 56
Ottice of Treasurer, 162 30
:$ 97,514 78
I !)3!) 00
I 4,481 58
1$ 102,935 36
$ 37,381 43
By Townsend, VVhelen & Co., Bankers, Philadel-
phia, cash on deposit ' 20,000 00
By bills payable, including $16,000 loaned, tem-
porarily to Raleigh & Augusta Air- Line R. R. Co., 18,3(;9 51
By agents at stations, amount due, 14,218 28
By United Stnles. due on transportation accou.t,.. 3,445 82
By State of N(Mlh Carolina,, due on trans, acc't,. . . 574 01
By ticket account, liidanc(i due 581 17
By freight exchange, " " 8,365 14
$102,935 36
W. W. VASS, Treasurer.
11) •
No. 4.
Statement of the Debt of Raleigh & Gaston R. R. Co., May 31st, 1872.
To Company's note (Coufederate) to State of North Carolina, on account Chat-
ham Kail Road Company, dated January, 18G3
By bonds of the State of North Carolina, issued to Chatham Rail Koad Com-
pany, of equal value, to balance
To coupon bouds of Company— loan of IKfiS, payable January 1, 1877,
To bills payable, amount stated. May 31, 1871 $52,030 50
By reduced since, 10,480 50
Total debt, May 31, 1872,
$ 20,000 00
20,000 00
$ 50,000 00
42,150 00
$92,;
2,150 00
W. W. VASS, Treamrer.
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34
No. 10.
A comparative statement, showing the amount of Freight at each Station
on the Raleigh and Gaston Rail Road for the years ending May 31st,
1870, 1871 and 1872.
STATIONS.
Raleigh,
Wake
Franklinton,.
Kittrell's,
Henderson,. .
Junction, . . . ,
Ridst^way, . .
Warreiiton,. .
Macon
Littleton,...
Giii-ton,
Wcldon,
Southern Express Company,
1 >! 7 0 .
9 156,
6,
11,
2,
14,
3,
453
048
587
009
844
712
659
556
532
015
413
785
470
18 7 1.
196,
6,
12.
1,
15,
2.
6,
6,
102
282
205
995
124
903
944
138
870
906
354
372
543
I 18 7 2.
$ 203,863 97
5,547 50
279 69
144 28
177 64
716 05
862 31
237 27
445 68
971 55
373 84
665 78
029 44
15,
3,
16,
3,
4,
6,
2,
4,
$221,088 02 I $261,744 45!l $271,315 00
iS'uTE. — Increase of 1871 over 1870,
•' 1872 over 1871,
.$40,656 43
9.570 .55
Total Increase since 1,^70 $50,226 98
35
Xo. 10. ~f Continued.)
A comparative statement, showing the amount received from Passengers
at each Station on the Raleigh & Gaston Rail Road for the years end-
ing May 31st, 1870, 1871 and 1872.
STATIONS.
Raleigli,
Wake
Franklinton,
Kittreir.s
Henderson,
Junction,
Riilgewaj'
Warrenton,
Macon, .
Littleton,
Gaston
Weldon,
Conductor's Way Bills
From other Companies
Commutation Tickets,
United States,
1870»
187 1
1872
f 1(),
2.
:^,
2,
5
1,
1,
602
497
787
342
679
3:'. 6
677
618
605
162
879
891
012
717
762
910
29' f
20il
28];
69
55'
30 ,
40'
30
40'
81
43
24'
21
48;
31
94
14,578 90 $
3,189 85
3,955 55
1,898 70
5,258 75
1,371 5l|
1,686 15:
3,160 35h
552 50|
1,459 94 ;
921 85!
11,605 36!;
9,787 01 1,
14,749 09'
1,700 00
3,490 55
16,916 79
2,951 35
4,457 76
2,468 24
5,874 80
1,567 48
1,361 20
3,707 65
683 45
1,812 77
916 18
12.395 33
10,562 52
13,982 49
1,962 50
1,186 48
li iK83 482 8311 $79,366 06'
*DedHCt for Tickets purchased and fold during the year.
$R2.S06 99
*2,120 00
$80,686 99
Note. r- Decrease of 1871 compared with 1870 $4116 77
Increase of 1872 over 1871, ],320 93
Total increase since 1 870, $2, 795 84
JAMES M. POOL, Auditor.
36
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40
No. 12.
LIST OF STOCKHOLDERS,
Of the Raleigh and Gaston Rail Road Company, July ist, 1872.
SHAKES
Amis, John 7
Amis, James S 4
Alston, W. H. F 2
Addison, Augustus E 105
Ai-ringtoQ, S. P I'o
Ayers, George W 9
Adreon, Harrison 29
Adreon, Jesse 36
Anderson, Peter O 9
Anderson, Peter B 13
Branch, L.OB 19
Bnrt, P. B 1
Butler, A 7
Brodie, T. L 7
Bullock, John D 2
Burwell, A. E.. 7
Burwell, H. H 24
Burwell. John S 2
Beckham, M. K 1
Brown, H. P 1
Brown, P. J 1
Brown, J. Wilcox 26
Brown, J. Wilcox, Trustee, 2
Brown, J. F. tt J. W 18
Brown, Mary S H
Brown, James W 9
Bragg, W. A . 7
Burroughs, 8. A 1
Barrow, J. S 1
Boiling, Robert 73
Bradbury, T. W 1
Bishop, Asa 1
Broadnax, A. J 41:
Broadnax, W. E 44
Boylan, Jane 42
Boylan, Jolfn S.'s Trustee, 8
Boylan, John H 7
Baylor, Elizabeth F 21
Biddle, Thomas & Co., ... . 7
Brownley, Bolivia T 22
Biggs, Asa 10
Brauder, James S 155
Baker, W. J 13
Biliosoly, E. E 13
Branch & Co., 210
Branch, Thomas & Co, 54
SHARES.
Battle, K. P 40
Bullock, Walter 2
Bullock, R. A 1
Bullock, W. C 1
Ballock, James A 1
Barriuger, D. M 2
Bourne, Henry A. & Co., . . 14
Blakemau, Sylvester 16
Batchelor, Joseph B 21
Biliosly, A. J 13
Bunphrey, Samuel 13
Bourke, Nicholas 7
Carter, D. M 172
Citizens' Bank of Norfolk, 50
Clifton, T. T 1
Chamberlaiue, W. W 221
Chamberlaine, George .... 170
Chamberlaiue, R. H 24
Cameron, P. C 29
Cameron, M. C 10
Cosby, John W 1
Cannady, N. E 2
Cannady, Wyatt 9
Cannady, W.N 1
Cheatham, E. G 1
Calvert, S l-t
Carroll, Thomas 16
Cheek, E. A 7
Crews, Rebecca A 8
Crews, W. B ^
Caldwell, W. ^ l5
Cornick, James 84
Clarke, Thomas A ^
Crudup, Dr. E. A 1
Camp, W. T 50
Cowper, H. D 25
Cowper, James C lO
Clarke, Walter 28
Cooke, CM .. . 1
Crenshaw, Susan A -0
Ci'enshaw, John M 5
Chandler, Mrs. Sarah 13
Clarkson, David 19
Cooper, John H 16
Colhns, Fannie E 16
Clark, T. W 9
SHARES I
Channcey, Charles 93 ;
Chauncey, Elihu 283 !
Courtney, T. L 13 ;
Crocker, J. F 10
Constable, H. B 9
Dimn, J. B 7
Debnam, Thomas R 2
Dent, James 1
Davis, Isaac 40
Davis, Joseph J 15
Davis, J. C 11
Davis, W. S 19
Davis, E. A 3
Daves, E. Graham 31
Davis, Roper A: Co ., 1
Drummond, Samuel 4
Donnau, A 11
Donuan, David 7 ,
Dickersou, Richard 255
Duffield, C. B 162
Dawley, Mrs. Thomas 17
Dawley, Virginia 12
Dudley, Virginia T H
Dickerson, James T 9
Daniels, William 25
Duke, F. J 13
Devereux, Thos. P 1
Edwards, L. C 2
Ennis, James 1
Egerton, B. J. & Pitchford, 7
Elder, George W 19
Edwards, J. W 13
Ellis, L. P 13
Freeman, Harriet G 39
Fordham, L. H 19
Fitchel, George 19
Frazier, Nalbro 203
Green, W. O 2
Green, E 5
Green, Rebecca Jane 2
Gardner, Mrs.^W. F IH
Grigg, Wesley 7
Grimes, William 283
Gordon, John D., Adm'r of
R. B. B. Timberlake, . . . H
Gordon, John D., Adm'r ct'
F. C. Timberlake, 7
Gatlin, Sarah 2
Gordon, John D. & Co., . . . 200
Gardner, Harriet C 8
Ghio, E. G 13
Gayle, John H 19
Gayle, Mrs. Cira 9
SHARES
Guiteau, Jane 29
Guiteau, Sallie 29
Guiteau, Sheridan ; IS
Grice, George W 37lJ
Grice, George W., Trustee, 735
Grice, A. P 10
Grice, C. C 10
Grice, H. H 13
Goldsboro, A. P 13
Gentry, J. B 9
Haywood, Dr. F. J 17
Haywood, Martha H 31
Harris, J. W 7
Harris, B. F 105
Hood, W. H 2
Hawkins, P 1
Hawkins, Dr. W. J 20
Herndon, R. N. ctD. C... 10
Herndou, Dr. John R 33
Herndon, H. C. .t W. G . . . 9
Hawkins, Pliil. B 5
Hicks, Dr. John R 7
Hicks, Robert J 12
Hargrove, H. W
Hargrove, Tazewell
Hester, Hamilton
Hester. B. F., Executor,
Hamilton, Robert A....
Hamilton, E. G
Hamilton, H. C
Hill, R. R
Hariison, Dr. B. S
Harrison, P. B
Hai'die, Thomas A
Hardie, W. J
Hunt, James T
Hurt, Branch T
Harmonson, Lafayette. .
Hodges, JNIary A
Hardu), W. F
HoUaday, J. G
Hand, Sam T
Hand, S. T., jr.,
Hudgins, M. L
Hart, J. H *. . . .
Harrison, W. D
Hunt, J. M
Hill, J. T
Hill, J. T., Trustee, ....
Hill, Mrs. Lizzie C
Hill, Mrs. Mary E
Hill, C. W
Hill, Miss Fannie G
1
2
3
31)
9
9
1
152
1
G3
03
2
2
20
10
13
9
10
13
10
10
i)
10
19
2()
10
10
10
8
42
Stockholders, July ist, 1872.
SHAKES
Hodges, Miss Emma 8
Hodges, Mrs. Jane 12
Harwood, Henry 19
Harwood, Mrs. Virginia J., 16
Higgins, Mill- J 0 10
Hume, R. G 19
Hume, Sariih C 16
Hume, Thomas 19
Hume, John H 16
Hume, Mrs. Anna 10
Jones, Alfred 26
Jones, Martha E 22
Jones, Ann 11
Jones, W. H., (Halifax,). . . Cyl
Jones, W. H., (Wake,).... 1
Jones. Rnfus H 36
Jones, E. P., 57
Johns, John B 2
Jordan, Emily C 21
Joyner, W. H 1
Jeffreys, L. A 1
Johufson, Bradley T 20
Johnson, Mrs. Bradley T. . 61
Judkins, Thomas J 1
Joyues, Virginia S 13
Johnson, Henry W 13
Johnson, J. li 4:
Jenkins, xMrs. Delia M 2
Kingsbury, 11. H., Trustee^ 42
Kiugsbui-y, Florence 42
Kingsbury, Lucy 11 42
King, John G 45
Kevan, Andrew 14
Kevau, John 7
Kyle, l)avid 24
Kelso, Thomas 29
Kelso, John T 29
Keli^er, Henry 9
Lane, Tempe 14
Lemoine, John E 4
Leshe, Robert 226
Lindsay, Jesse H 126
Lassiter, D. W., Executor,. 167
Leavenworth, F. P 3()
Lanier, Mrs. M. V 4
L ' Engle, Madeline M . . . . 14
Latimer, Henry 20
Lawson, W. L 13
Little, George 2
Leslie, H. C 13
Lindsay, Andrew D 31
Moore, B.F 257
Moore, Annie M 7
SHARES
Moore, SallieL 2
Moore, George B 6
Mitchell, Mary E 22
Mitchell, Leroy 1
Mahler, Henry 19
Mordecai, George W 188
Mordecai, Henry 6
Marriott, B 2
]\Iarriott, J. C 1
Montague, Dr. H. W 1
McGill, John 100
Montague, L 7
Maylield, J. O. K 16
May, James 7
McFarlaud, Caroline 1
McHwaine, A. G 8S
Martin, M. K 15
Martin, Robert A 8
Morton, L. P., Trustee of
of L. K. Morton, 52
McPheeters, A. M 10
Mitchell. Mrs. E. H 8
Morehead, James T., jr., . . 29
Moore, Henderson 10
McCready, W. J 19
Maupin, James F 16
Myers, E. T. D 10
Neal, L. W 7
Norwood, N. M 1
Newton, Thomas 1
Norris, James A 1
Norris, Richard 7
Nuun, James D 2
Nash, Anna 10
Nash, Virginia 13
Nash, Lizzie 13
Nash, W. C 13
Nash, Charles R 13
Nash, John 9
Neal, J. B 13
Neely, R. J 13
O'Rorke, John 28
Partridge, Sophia 5
Park, J. E 33
Proctor, 1 1
Person, P. C 11
Person, Sallie 4
Person, W. M 1
Person, W. E 4
Person, Thomas A 14
Perry, Dr. A. S 54
Perry, J 7
Perry, Seaborn 5
43
Stockholders, July ist, 1872.
SHAEES
Perry, B 1
Perry, Charles 3
Peace, P. P 36
Peace, W.L.. 58
Peace, Josephine 10
Peace, L. E. D 31
Peace, Margaret S 10
Peace, Ellen A 10
Peace, C. C 49
Peace, Josephus A 8
Parham, Asa 1
Parham, Lewis 1
Powell, W. M 1
Parker, Sarah, Trustee,., . . 5
Pool, Catherine 30
Parks, Marshall 10
Peebles, Lemuel 37
Pelham, Eobert 94
Penrose, Valeria F 4
Pull<-ii, E. S 65
Piillen, K. S., Trustee, 57
Phybe, JohnG 19
Parker, Jacob, Guardian, . . 4
Pendleton, M. M 19
Pendleton, W. S 13
Quincey, W. A 1
Eodman, W. B 20
Royster & Venable, 7
Roulhac, J. B. G 14
Riggan, L. E 1
Rowland, Horace H 2
Rowland, Charles H 52
Rowland, Mrs. Sarah R 25
Rand, Parker 126
Robinson, Isaac 23
Raleigh & Gaston R. R.Co., 53
Reid, Charles 24
Royster, W. D 5
Robinson, J. M 378
Robinson, Moncure 580
Robinson, James H 22
Bobbins, Mrs. Elouise 16
Robbins, W. W ' 22
Scott, John W.. 25
Satterwhite, E 1
Smith, Mary L 35
Smith, Virginia H. B 35
Smith, Nannie M 37
Smith, R.H 2
Smith, J. M. &Co., 70
Smith, Sarah E 5
Smith, W. B 1
SHAKES
Souter, J. T 250
Scarborough, Geoi'geP. ... 67
Stewart, Thos 1
Selby, T. H 10
Skinner, Jolm 1
Spivey, D. W 16
Speed, J. J 7
Steed, A. L 1
Steed, J. H 1
Shaffer, A. S 1
Selden, W 375
Steele, W. L 52
Sharp, Mary L 124
Smith, J. Marsden 24
Seybert, Henry. 207
Skiddy, Francis 40
Sandford, Levi N 10
Stanford, W. H 20
Stout. J. H 26
Sherwood, Mrs. O. R 16
Southgate, R. M 19
Savage, Sarah Chauncey. . . 295
Staples, V. S l3
Staples, A. K 13
Selden, W. A ft
Segar, John A. 9
Sindiar, A. F 9
Taylor, Jose^jh 7
Taylor, Emma C 30
Taylor, Tazewell 44
Tally, W.W 14
Tazewell, Ella W 21
Tazewell, Sally 21
Tannahill, Robert 10
Thorpe, Benjamin P 5
Tucker, W. H. & R. S 1
Townsend, Whelen & Co., . 1,000
Thompson. Joseph 19
Tawb, A. W 13
Treadwell, A 10
Underbill, James W 31
Vass, W. W 2
Vaughan, J. W 1
Weston, J. Carey 21
White, Thos., Guardian of
W. M. Haywood, 64
White, Thos., Guardian of
Sally White 18
White, J. B 1
Womble, Jordan 1
Williams, John A 2
Williams, W. L 8
44
btockholders, July :st, 1872.
SHAIIKR
Winston, John 2
W.itkius, E, W 2
Watsou. John l:!
Wiir.l. S. Cr 1
Wlii taker. W. S ()8
Wilkins. Dr. E. W 102
Withers, Thomas 7
Wallace, Thomas oG
Wi^ems, Mavy O 10
Williamson. Tenipcrauce. . (5
Wharton, David 21
Welton, Thos. Abercrombio,
Trustee 389
Wilson, Colston & Co., ... . 50
W^alke, Kiehard 30
SH.\KNS
Waldron, Catherine A 19
Walker, G(>or^e INI . 19
Whitehead, Jesse 19
Walters. Mrs. Maria 5
Weymouth, W. W 19
Walton, Mrs. Virginia L. . 8
Walton, Sarah S 16
Woodlev, Jos. II 10
White, "William 9
^Valker, W. T 10
Winston, J. B 13
Yancy, John G 2
Yea.stman, R. P 9
Total .shares, 15,000
FINANCE COMMITTEE'S PxEPORT.
Tlie Comiiiittee ot Finance and Inspection submit the fol-
lowing report :
Tliat tliey liave examined tlie track way of the road and
find it to be in ^ood order.
The bridges are all in first rate order, having with the ex-
ception of the bridge over Crabtree, been either rebuilt or
thoroughly repaired.
The bridge over Crabtree, is perfectly safe, and strong,
but will be rebuilt at an early day.
The depots are in good condition and well-kept. Depots
are much ueeded at Huntsville and Pacific, and some ar-
raugements should be made at Wake Forest College, for the
accommodation of persons living at that place and the vicin-
ity-
The machine shops are well managed by Mr. Gayle, the
Master Machinist, and should afford every facility for keep-
ing up the rolling stock of the Company.
Your Committee are of the opinion that the results of the
last year's operatious of the road have been satisfactory.
The accounts of the Treasurer have been accurately and
well kept, and the exhibits appended to his report show fully
the tinancial condition of the Company.
The profits of the last year's business after deducting the
proper operating expenses were $154,400.
The extraoi-dinary expenditures were $70,514 15, and
which reduced the prohts of the year to $83,885 80.
It should be noted, however, that these expenditures Avere
made for permanent improvements of the property of the
Company, and adds to its real value ; and it is a matter for
congratulation that a nett surplus has been realized from the
operations of the last year equal to more than five per cent,
on the capital stock of the Company.
We think that the Board of Directors acted wisely in de-
clining to declare a dividend, out of this fund, in view of the
40
calls which will have to be made for expenditures during the
next year. Much of the iron now on the track, has been in
use for many years, and become much worn, and should be
replaced with new rails.
Additional freight cars are also much needed.
From the reports it will appear that the business of the
Company shows an increase over the last year. This can
only be attributed to the increase of business from the line
of the Ealeigh and Augusta Air-Line Road.
Indeed, this is the only route from which we may expect
our business to be kept up, as the North Carolina Eoad will
be operated for the benefit of the Eichmond and Danville
Eail Eoad Company.
As the Ealeigh and Gaston Eail Eoad Company owns
more than six-eighths of the stock of the Ealeigh and Au-
gusta Air-Line Eoad, it is to the interest of our Company
to aid in every way the completion of that road, and your
Committee would recommend that such aid be given.
THOS. B, VENABLE, Chairman.
July IStli, 1872.
North Carolina State Library
Raleigh
:^>-'
G'
aulord =
PAMPHLET BINDER
■^^ Syracuse, N. Y.
^^^ Stockton, Calif.
STATE LIBRARY OF NORTH CAROLINA
3 3091 00738 9513
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