Raleigh and Gaston Railroad Company-
Proceedings of the twenty-fourth annual
meeting^- held at Raleigh, July 16, 1874
=^6
North Carolina State Lioraiy
Raleigh
■ t
PROC^EEDINGS
STOCKHOLDERS
Raleigh ct rxaston Railroad Co.,
AT THEIK
TWENTY-FOURTH ANNUAL MEJ:T1NG,
RALEIGH, JULY 16th, 1874.
Also, the Annual Reports of the President, Superintendent, Treasurer, (SiC.
RALEIGH:
NKWS ri'BM.SIIIXG COMPANY, FAYETTEVIl-I.K STUEET.
1874.
PROCEEDINGS
STOCKHOLDERS
Raleigh & Gaston Railroad Co.,
AT THEIR
TWENTY-FOURTH ANNUAL MEETING,
HELD AT
RALEIGH, JULY 16th, 1874.
Also, the Annual Reports of the President, Superintendent, Treasurer, &c,
RALEIGH:
NEWS PUBLISHING COMPANY, FAYETTEVILLE STREET.
1874.
DIRECTORS AND OFFICERS.
DIRECTORS:
JOS. B. BATCHELOR, PAUL C. CAMERON,
GEORGE W. GRICE, GEORGE LITTLE,
WALTER CLARK, W. W. CHAMBERLAINE.
OFFICERS:
WILLIAM J. HAWKINS, President.
A. B. ANDREWS, Superintendent.
WILLIAM W. VASS, Treasurer.
COMMITTEE OF INSPECTION:
THOS. B. VENABLE, A. M. McPHEETERS,
RUFUS S. TUCKER, W. J. BAKER.
PROCEEDINGS
OF THE
TWENTY-FOURTH ANNUAL MEETING
OF THE
^torHioIte of tfe ||aleiglt& ||af5ton :ptIroa(l :(|^o„
HELD ON THURSDAY, JULY 16th, 1874.
At a meeting of the Stockholders of the Raleigh &
Gaston Railroad Company, held at its office in Raleigh,
on Thursday, the 16th of July, 1874 :
The meeting was called to order by Dr. W. J. Hawkins,
on whose motion Col. David M. Carter, of Raleigh, was
called to the Chair, and W. W. A^ass and Thomas Badger
appointed Secretaries.
The Committee designated at the last annual meeting
on Stock and Proxies, consisting of A. M. McPheeters
and W. W, Vass, presented the following report, which,
on motion of Jos. B. Batchelor, Esq., was received and
adopted :
Capital Stock of the Company — shares, 15,000
Shares represented in person, 2,194
Shares represented by proxy, 9,849
Total shares represented, 12,043
It appearing that a large majority of the stock of the
Company was represented, the Chairman declared the
meeting duly organized.
Dr. W. J. Hawkins, President of the Road, read the
annual report of the President and Board of Directors.
PROCEEDINGS ANNUAL MEETING
On motion of A. M. McPheeters, Esq., the report of the
President, and accompanying reports of the Superinten-
dent and Treasurer, were received and adopted :
Major T. B. Venable, Chairman of the Committee of
Inspection, read their report, which, on motion, was
received and ordered to be published with the proceed-
ings.
The Chairman called attention to that part of the
President's report, which refers to the rebuilding of the
Roanoke Valley Railroad, and suggested that some action
be taken by the Stockholders in regard to the same
Major George W. Grice addressed the meeting, explan-
atory of the several propositions which had been sub-
mitted to the Board of Directors, by a commission repre-
senting the citizens of Mecklenburg county, Va.
Messrs. Cameron, Batchelor, Venable and others, in
remarks, favored any proper scheme that might be de-
vised for the resuscitation of said road ; whereupon
A. M. McPheeters, Esq., ofl'erred the following pream-
ble and resolution, which were adopted:
Whereas, An effort is now being made to rebuild the Roan-
oke Valley Railroad from Mansou, on this road, to Clarksville,
Va., and the aid of this road is sought to accomplish that ob-
ject ;
Besolved^ That the President and Directors of this Company
get the best proposition that may be had from the people of
Clarksville and that section of the cotmtry, and if satisfactory
to the Board that they may submit the same to a general or
called meeting of the Stockholders of this Company for ratifi-
cation.
On motion of Mr. Venable, the Stockholders proceeded
to ballot for a President for the ensuing }ear, Dr. R. J.
Hicks and Thomas White acting as tellers, resulting as
follows :
Dr. W. J. Hawkins received 11,880 votes.
Scattering, 107 "
STOCKHOLDERS RALEIGH & GASTON RAILROAD. 5
The Chairman ann(/Uiicecl to the meeting that Dr. W.
J. Hawkins was duly elected President for the ensuing
year.
On motion, the meeting went into an election of six
Directors, resulting in the re-election of the following-
named gentlemen :
George W. Grice, of Portsiiiouth, received. . . . 11,350 votes.
Paul C. Cameron, of Hillsboro, received 11,323 votes.
Joseph B. Batchelor, of Kaleigh, received 11,323 votes.
W. W. Chamberlaine, of Norfolk, received 11,154 votes.
Walter Clark, of Raleigh, received 11,293 votes.
George Little, of Pialeigh, received 11,308 votes.
On motion of Dr. W. J. Hawkins, the following named
gentlemen were continued on the Committee of Inspec-
tion, viz : T. B. Venable, A. M. McPheeters, R. S. Tucker
and W. J. Baker.
On motion of Joseph B. Batchelor, Esq., W. W. Vass
and A. M. McPheeters were continued as the Committee
on Stock and Proxies.
On motion, the meeting adjourned sine die.
DAVID M. CARTER, Chairman.
W. W. Vass, 1 <-. , .
Thomas Badger, r^^^^^«^^^^-
REPORT OF COMMITTEE ON INSPECTION.
The Committee of Lispection report that they have exam-
ined the books of the Treasurer, and find them accurately
kept, and that the statements made in his report is a fair ex-
2JOsition of the financial condition of the Company.
Since the last annual meeting much new iron has been put
dovv'n, and new ties placed on the road-bed and ballasted ; the
condition of the track way is improved, and as soon as the bal-
ance of the new iron now contemplated to be placed on the
REPORT OP COMMITTEE ON INSPECTION.
road is put down, it will compare favorably Avitli any railroad
in the country.
The bridges are in fine order and perfectly safe. The one
over Crabtree is now being rebuilt, and will be completed in a
short time. The rolling stock is in good order. The shops are
well managed, and afford every facility for carrying on the
necessary work in their line.
We would again call the attention of the Stockholders to the
necessity of a new depot at Ealeigh, and some protection of
the engines and cars at Weldon.
Since the Lst meeting it is a matter of congratulation that
the Directors of the Raleigh & Augusta Air-Line Eoad have
been able to overcome the difficulties in the way of pushing
forward the work on the road, and that work has been com-
menced at Sanford to extend that road to the Carolina Cen-
tral. The necessity of this extension is too apparent to require
any argument to prove it.
While our receipts have fallen off largely on account of loss
of business from the North Carolina Road, yet there has been
also a great decrease in the expense account.
Since our last meeting Hon. D. M. Barringer, a member of
this Committee, has died. General Barringer was a man of
fine talents and strict integrity, and had served his country in
many situations of great importance in a manner highly honor-
able and creditable both to himself and his country.
By reference to tke reports it will appear that the financial
condition of the Company is good, and if the present arrange-
ments are fairl}'^ and prudently carried out the property will be
placed in first rate order.
When this is done and the Raleigh & Augusta Road is com-
pleted, we see no reason why the Company should not earn
and pay good dividends.
THOMAS B. VENABLE, Chairman.
PRESIDENT'S REPORT.
Office Raleigh & Gaston R. R. Co.,
Raleigh, W. C, July 1st, 1874.
To the StocIcJiolders of the
Raleigh & Gaston Raih'oad Company :
Gentlemen : — Your President and Board of Directors
respectfully submit tl.eir twenty-fourth annual report for
your information and consideration :
The business on your road for the fiscal year ending
31st May, is as follows :
Receipts from Freights, $ 187,320 99
" Passengers, 79,679 56
" Mails, 7,275 00
*•' '• Sundry sources, 517 81
$ 274,803 36
Operating expenses of all kinds, 192,508 99
Showing a profit for the year of $ 82,294 37
This amount added to the balance in the hands of
your Treasurer at the end of the fical year, as unex-
pended balance, makes a total of $107,867.78.
In consequence of the absolute necessity of placing
new rails upon your track and the rebuilding of Crabtree
Bridge, your Board have deemed it best for the interest
of the Stockholders to purchase one thousand tons of best
American T rails and fastenings, so as to get them in
position this summer, which will place your roadway in
PRESIDENT S REPORT.
good, safe and economical condition, and thus be pre-
pared for the hoped for increase of business the com-
ing Fall and Winter.
They have also contracted with Mr. David Renno, the
justly celebrated bridge builder, for the construction of a
first class "Howe Truss" Bridge over Crabtree, to be
built in the best and most substantial manner, and com-
pleted within 90 days. With the completion of this
bridge every one on your road, except that over Neuse
River, will be of the very best description of Howe Truss,
and in perfect order. That over the Neuse is in good
order and condition, and whenever it becomes necessary
a Howe Truss will be substituted for the lattice bridge
now spanning this stream.
The Stockholders will see that the expenditures for the
iron and bridge will necessarily prevent a dividend for
the p.ast year, but 3^our Board deem it of more para-
mount importance to place your road in a safe and good
condition, so as to enable it to do the business of a first-
class company, and thus secure permanent future divi-
dends than to use the amount on hand at the end of the
past fiscal year in payment of a dividend.
The condition of all the property of the Company
has been very greatly improved during the past three
years, and is now far more valuable than at any time
s".nce the close of the war, tne roadway, superstructure,
buildings and equipment have had especial attention,
and although large expenditures have been required for
repairs and new work, you have the satisfaction of know-
ing that j'our property is in better order and safer condi-
tion, and more valuable than heretofore.
Your attention is called to the fact, as shown in the
accompanying reports, that the gross earnings of the Road
have decreased fully ninety thousand dollars last year un-
PRESIDENTS REPORT.
der that of the preceding year ; this is attributable
mainly to three causes:
1st. On the first of August the contract heretofore ex-
isting between your Company and the North Carolina
Railroad Company expired by limitation, and since that
time much of the freight business heretofore enjoyed
by us has gone by the Richmond & Danville Road, the
lessees of the North Carolina Railroad, who control its
business and its destiny, without, as is believed, much
benefit to them, though with loss to us.
2d. The boatable condition of the Cape Fear River,
which took to Wilmington the business of the Western
Road, and
3d. The financial panic and the general monetary em-
barrassments which followed, and are now being felt by
all the industries and interests tributary to our railway,
and universally throughout the South.
It appears to be hopeless for us to look to any business
from our natural ally and former friend, the North Car-
olina Railroad Company, so long as it is worked and con-
trolled by the present lessees in their exclusive interest,
and hence we must look to other territory and means for
our future prosperity. In this connection it affords your
Board much pleasure to state that arrangements have
been about perfected for the immediate extension of the
Raleigh & Augusta Air-Line Railroad from Sanford to a
connection with the Carolina Central Railway, and work
on the same will have commenced when this report is
read by you ; this extension will add largely to the re-
ceipts of your Road, and give you a new outlet to Char-
lotte, the South and the West.
An earnest effort is now being made by the citizens of
Clarksville and Mecklenburg county, Va., for the re-
building of the Roanoke Valley Railroad from Manson,
2
10 president's report.
on your Road, to Clarksville, on the Roanoke River. A
commission from the citizens of that section have inter-
viewed your President and Directors on the subject, and
have expressed themselves as being highly gratified with
its result. That road passes through a productive coun-
try, tapping the Roanoke River at a valuable point, and
if r» built will add largely to the business of your Road
from a section now lost to us. We recommend the enter-
prise to such aid and encouragement as you may be in
condition to bestow.
Upon an examination of the accompanying reports,
the Stockholders will discover that notwithstanding the
heavy losses sustained by this Com pan}' in the loss of
business from the North Carolina Railway, the high water
on the Cape Fear, and the financial embarrassments of
the country, followed by general depression of all busi-
ness, that your Company' makes a most flattering exhibit,
which must convince you and the country at large of its
ability at any and all times, and under almost any cir-
cumstances to promptly meet all demands upon it,
and especially to pay promptly the interest upon its
bonds. Few railways in this country can make so satis-
factory an exhibit, and show so bright a future as your
own.
By reference to the report of the Treasurer you will
note that we have paid for and received from the Ral-
eigh & Augusta Air-Line Railway Company, three thou-
sand three hundred shares of their guaranteed eight per
cent, stock at par, and have sold two hundred and twenty
thousand dollars ($220,000) of our first mortgage bonds
at par and interest, since which time additional sales have
been made upon the same terms. If the business on the
Raleigh & Augusta Air-Line Company shall meet our
expectations the interest on the guaranteed stock of that
president's report. IX
road will offset and pay the interest on our mortgage
bonds.
On the 7th of April last it pleased an Allwise Provi-
dence to remove by death our attentive and intelligent
Master Mechanic, Mr. Judson B. Gayle, who was a most
valuable officer and superior mechanic. At a meeting
of your Board, held on the 13th of May, the vacancy was
filled by the appointment of Mr. Bernard R. Harding, a
gentleman of intelligence, and highly qualified to dis-
charge the duties of the office.
In conclusion we refer you to the accompanying re-
ports of the Superintendent, Treasurer and Auditor with
the tables annexed for the financial condition of the
Company, general condition of the Road, equipment and
the business generaly of the sevei al departments in de-
tail.
Respectfully submitted by order of the Board.
W. J. HAWKINS,
President.
SUPERINTENDENT'S REPORT.
Raleigh & Gaston Railroad Company,
Superinteridenfs Offixie,
Raleigh, N. C, June 29tb, 1874.
Dr. W. J. Hawkins, President R. & G. R. R.:
Sir: — The following report and statements show the
operations of the Road for the year ending May 31st,
1874:
The earnings have been as follows :
From Freights ^187,320 09
" Passengers 79,679 56
" Mails 7,275 00
" Sundries 527 81
Total $274,803 36
The operating and other ex-
penses were for conducting
Transportation $62,720 54
Maintenance of Way 48,473 19
Maintenance of Motive Power
and Cars 47,482 53
Miscellaneous and other expen-
ses as per Treasurer's Report, 33,822 73
Total operating and other expenses $192,508 99
Leaving a balance of $82,294.37 over operating and other
expenses.
superintendent's report. 13
For a detailed statement as to tonnage, milage, &c., I
refer 3'ou to the Auditor's and General Ticket Agent's
tables.
By comparing the year's operations with the preceding
year we find that our receipts have fallen off $92,089.58.
This is attributable wholly to the loss of almost the
entire business of the North Carolina Road, both passen-
ger and freights. Formerly we enjo3^ed a large share of
the business of that road, under a contract with the
North Carolina Railroad Company, which expired in
August last. Since the expiration of said contract the
lessees, the Richmond & Danville Railroad, have deemed
it to their interest to send all passengers and freights via
Danville.
The shops and tools are in excellent condition. The
stationary engine in the Carpenter Shop was found to be
unfit for service, the boiler becoming unsafe, was con-
demned and taken out, and replaced with a Baxter
Engine (largest size). We have now nearly completed
two (2) first-class coaches, that will compare favorably
with any coaches made by the best makers North, and
built at less cost; one other getting ready to be built.
The three new passenger coaches, with three new baggage
cars to be built, the repairing, painting and altering
of the cars now in use will be sufficient for the present
to do our passenger business. We have built fifteen ten
(10) ton ventilated box cars. We are building them all
ten ton and ventilated. We find them for all purposes
far superior to any others. The cars we are now build-
ing are the best to be found in the countr3^ Also, built
two (2) flat and seven (7) hand cars for Road Department.
Our Car equipment now consists of
5 first-class Coaches, old style.
6 second-class Coaches, old style.
14 superintendent's report.
3 Freight Conductors' Cars.
3 Baggage, Express and Mail Cars.
88 Box Cars.
40 Flat Cars.
10 Gravel Cars.
Our Locomotive equipment consists of 13 Engines — 9
of them are in first-class condition, one in Shops re-
building and 3 rather small for our present business —
they are used for hauling light trains and doing extra
work in cases of emergency.
The road-way is in very fine condition, considering
the number of short rails in the track, which causes the
Road to be rough though perfectly safe. We still have
some forty-five (45) miles of old rails, which have been
in use over twenty-two years. I would advise the pur-
chase of 1,000 tons of rails at once, to be delivered at an
early day, that the same ma}' be placed in the track
before the 1st of November next. This additional quan-
tity of rails will greatly improve the condition of the
track for the next twelve months. We have used this
year in repairs of track 1,000 tons of (T) Rails, Fish-
plate joint, and 33,359 cross-ties, using the best of the
old rails to supply the places of others more worn.
The track from Weldon to Gaston was originally laid
square joints without chairs, which niade a very rough
and hard road to keep up. We have gradually changed
this and put chairs under the whole, greatly improving
the track between the points named. The culverts, with
but few exceptions, need but little attention.
The bridges are all good — Crabtree, a lattice bridge,
built at the time the Road was constructed, is being
replaced with a Howe Truss. The timber all on the
ground, and the bridge now being framed b}^ D. M. Renno,
will soon be in its place. We have one other lattice
superintendent's report. 15
bridge on the Road, "Neuse," which will be replaced
with a Howe Truss whenever it becomes necessary to
take it down.
The depots and buildings are in excellent condition.
We have built a warehouse at Youngsville, formerly
called Pacific, a water station. The one at Forestville
has been moved to Wake Forest College by the Trustees
of that institution, by the consent of the Company and
put in good condition, and all the other buildings that
needed repairs.
The trains have been run with the greatest regularity;
no accident causing the loss of life or limb to any pas-
senger or damage to the property of the Company worthy
of notice has occured.
It is gratifying to report that the employees of every
grade, faithful to the interests of the Company, have
cheerfully discharged their duties in their several posi-
tions, and to them is due much of the success of this
year's operations.
RespectfuUv submitted,
A. B. ANDREWS,
Superintendent.
TREASURER'S REPORT.
No. 1 — Shows the earnings of Road for fiscal year end-
ing May 31, 1874.
No. 2 — Shows the transportation expenditures for year
ending May 31, 1874.
No. 3 — Annual statement of receipts and expenditures
for year ending May 31, 1874.
No. 4 — Resources and liabilities of Company, May 31,
1874.
No. 5 — Auditor's statement of the monthly earnings of
Road at the several stations for the fiscal year ending
May 31, 1874.
No. 6 — Auditor's statement of earnings for the year
ending May 31, 1874, compared with year 1873.
No. 7 — Auditor's statement of tonnage and miles at
each station, North and South, for the year ending May
31, 1874.
No. 8 — Statement of General Passenger and Ticket
Agent for the year ending May 31, 1874.
W. W. VASS,
Treasurer.
Office Raleigh & Gaston R. R. Co.,
July, 1874.
»
treasurer's
REPORT. 17
0
-p
— 1 1^ ^c m 3: c-1 -j: i-xi-i<-t>— 1
-f>— ^;^^-rt»T CO— croooG
CO
CO
,-. -^ — ^ — — ,^ ,- _, ,-^ ,-,
— .
00
cS
J-t
,—
' ' ■ ■ ■■■"'
U3
ro
r-T
(D
m
ai
cO'Miccor^:Ou^ :o— (0:03?
c^
— iO^— twOC-l TT.— (i^'a^jo
lO
a •
■^•^■
o
-.,—,_, I- .^ -,-,_, .__|^^_,_._
CO
5 f-i
i""-
iJD
? U
H^\-i"CH''i'5. -^ =^ -i'^.^.
">
)
cS ? ;
c-1
3
i> t-''i>-'"t-'"o'-o"i~-'" r-'Lo'iOO*-*"
00
>.>>
X
ipan
seal
^»
m
S ^ i
CO "; -/: o t^ --2 -' C5 1^ -^< 00 oi
o
'
c^)co-i<:iicoo-j coooioca
o
'A
coi^io-^r^t^t^ t^ocoioco
-^
— o -r -^ ..O O C^O O Oi -^ := 05
Ol
1
x_o^:=_-M -ro:_^x; co_r^_cs»-H_
•^%
:fj
_; ^ -1 ^J ci !N c-5 o) c^i 55 K -•
1^
08 t>
r^
!M
O ffl
v^
U S-i
•3 ^
^
Sff
1
— ll-O-Ba;=50i)-" l-OCK^OO
UOIO
g
o ^
1
yj— i:^-r<UOCO'N OiraiO-HC5
i-OO
1
— 1 ::; 35 M 0-1 1^ -O l-o 3i l> O — i
OiC
lO
X :0 1 ^ CO 33 <N O I- UO X 35
gtj
^.
+3 i3
d
'^^'^.-'.."V'^",— ..^. •.•:_i:-_^x — _^o^
02 -Ih
(yTcc"— T-^^iC— r-?r o"o'o~— "i-o"
I-m !M C~l IM 0<l M C5 O) CI C^l —1
t^^"''
'f
S!
^
H
S5
1
T^ ''^
*
j
c^ g
5^
£*9
*
^ £e 1
,^
bfi ft '
«
01 X 1_0 X Ol ^ 32 t^ P — 2 f
O !^ 3: -J l~ ^ X n -f 1- -tf o
33
p^ 1
iiC
■^ t~ 1^ 33 32 0 1 35 Ol t~ C2 — 1 1.0!
1^
.-
q
- — .— „'^_i-,— '>'5,"-o '-v''^^-'v^,.-^>
CO
0)
cs :3 1^ zo'cTic t-^ i'i'-^tSi^^o
3r
1
OO
M
'^
i>
1
0 Q
'^
o=^
il
M >
PM
e»
efi=
i
o "t;
3t. t^-1-0-»--^iO 0:3!t~l^33
35
O 3: CO O X O -7< 1~ L^ C3 1> so
01 X O :0 ■« — 1 1- 0<1 -f 35 liO O
— ■ X O -^ CO 1^ C^l r- 35 X O CO
O
j I
C^
fl
-H^O 33 5O_U0_^LO__CJ O 0-1^35 OO l^
co_
:!
"3 ^
:o-.o'co''-)>'i-'"l'o"i-'' i.-oaa'p'ox
l>
1
i^
fe
CO .1
9. '■
d 00
o
(D T-T
'> :
f*>
^u
:
<l)
jn
A CO
•4J
O to
c3 :
■p!^
CO :
a) :
fl
ci ^
0)
co'
,.
1 1
1 ""
-p
C8
O
2
CO
q
-J-' 1
m
^
tT
s-T,-
^
No. 1.-
*^
:
7
3
0)
S 2.
II
■JlO
^1 >
^0 ►?
>1
II
as
18
TREASURER S REPORT.
No. 2.
Transportation Expenditures of the Ealeigh & Gaston
Railroad Company from June 1, 1873 to May 31, 1874.
Conducting Transportation :
Embracing cost of conductors and train Liands; engine run-
rier.s, firemen, wipers <vc ; clerli and labor at tlie depots; stock
killed; losses ana damages; fuel; overcharge, and miscella-
neo'is,
Maintenancp: of Way :
Embracing cost of superintendence; labor— roadway ; sub
sistence; repairs, bridges and culverts; ties, repairs, build-
ings, tools, tanks, and miscellaneous
Machinery Department :
Embracing cost lepairs of engines; construction and repairs
cars and coaches, including material, oil and tallow; and
misceiianeous
Misckllaneous :
Salaries of Officers: President, Superintendent, Treasurer and
Secretary, and Auditor,
Incidental Expenses— printing-, advertising, stationery, pos-
tage stamps and miscellaneous,
Office E.xpenses— telegraph operator in part, office boy, light
and niiscelki neons '.
Mileage paid other roads,
Total operating and ordinary expenses,
For Crab Tree Bridge,
For Equipment,
For Telegraph Poles
For Agencies,
For Insurance on Bridges,
For rJorth Carolina State P'air,
For Drawbacks
For Attorneys fee-; and Court cost,
For G-rad ng West street Survey of Road, etc.,
Total
$ 62,720 54
48,W3 19
•17,482 5a
11, .500 00
3,471 18
791 4^
1,437 41
S 175,hSG 2.S
1,500 00
1,(323 97
1,703 75
3,400 24
243 92
397 45
4,690 92
1,165 20
1,897 26
$ 192,508 99
TREASURER S REPORT.
19
No. 3.
Annual Statement Raleigh & G-aston Railroad Oonmpany,
from June 1, 1873 to May 31, 1874, inclusive.
Karnings from freight, passengers and mail,.
Miscellaneous receipts
Total 1
EXRENDITURES :
Operating and ordinarj', Si75,RR6 2S
Otherthan operating and ordinary ' ]t)|622 7ll
Excess of earnings over ordinary expenses, -
5 27f
27o 55
527 81
$271,S03 36
192,508 99
82,294 37
Amount balance from lastflsoal year, «!11.^ 117 .531
Net sales 220 Mortgage Bonds 217'o.S(> 21
Appropriated m Mortgage B.inds at par, '.'..'..'.'.'.'.'."'.'.'..'.' 8o'oO(i Ool
Interest receive ! on Guaranteed 8tock, 13,800 00 424
Amount,.
Paid for iron Rail S .50 SIO 36'
Paid for Guaranteed .Stock in Raleigh & Augusta Air- ' I
Line Railroad, 3,300 shares at par, 330 000 OOj
Paid interest on first loan, 2 820 00
00
00
506,
003 77
,298 14
Paid interest on Mortgage Bonds, '.'..".'...'.'.'....' . 13i800
Sinking Fund increased, 1,000
Balance on hand May 31, 1874.
Balances :
Cash in Banks, S44,^01 .57
United States Bonds— cost, 18',000 00
Invested on call 26724 '22>
Agents at Stations, 19,'215 99i
Bills Receiviibie 3*851 5.3l
Townsend, Wheien & Co ............!..........!......! '51J0 Zil
Seaboard Inland Air-Lme, 2 106 95;
Post-ortice Department, '279 75
J. M. Pool, Auditor ' 4y7 47
Thomas Badger. General Ticket Agent, .500 00
Checks, 327 48
United States for freight 647 99
City of Raleigh, "..' 569 1.5
J. M. McCarrick, Trace Agent, 300 00
Ticket account, 2.38 50
Deduct due other Companies, S9,484 05
Hawkins, Co 1,000 00
Dividends not called for, 311 OO
5118,662 83
398,430 36
$ 107,807 78
,795 05 3 107,867 78
W. W. VASS, TKEA.SURER.
20
TREASURER S REPORT.
oooootooo:^
c3
o
bo
OOSc:— •QCO-^O
— ^O_O_O_00 ■n' O '^C cc
5 lO O CO O CO
"■^ is
^^ n
o 5*^
u ^ ^
oj'C be
=« ct:
■S « o
LO — -1 S .
-t^ w
o o o^
r— G »" '^
.■S a a K
c c c —
!>x: S s- '^
ROWkO
■w^ .■„■ t - _^.) - I '.'- u, uj I—. t_J U3 jr. ^^ ttr t_3
- — ■ - *~ ■■ iccocc CC O C-*
OO CrOOOCOt^^^lCClClOl^OaiXOtOO
Is 8
"■d ft
■t CS o o
I) .i
KCS
oV'-O ^ ,
:7J HM ^
ce.=
S - c 3 '.
5s
B B
C w
P5a2cc
2^
o«M
o 57
V,K-v
3 ft-- a; ■ .Si .3^
a o O bcir CM"
C O V S S ^^.a . C oj
-*7Ph OS'S
>51s
ss-^s^^.-«
t)fqo<lMHaEPHi^HMOh!bH
pSpS^c^
auditor's report.
21
^
1
2
O O O IC lO lO 'T o
o
J>
m
bs
«tt=>(MOTC^OT
ra
00
J
S
OSlCCi-C^CCOCX
LO
jj
0^
~ 1-- QC a; :jt CO -T cc
g
c3
CO
rt
Ch
ffp
<»
1
>>
-4-^
ac ■:'Mc:>coC'OC!M r^ o
.C
X uo o: C2 lO C5 ■* s^ ic
M
^ TCN -H C^ CC r? ^ O
1 ^t
o
'?
bo
h^
g
•■ft
-S
••3
_Ih
lOoouSLOooomioioira
IC
oi— <^^t^:oic^Hi>ff^'x>i>i^
lO
0)
oc i-^ cr i-C -^ ::5 'M -T^ o t^ — ( lO
cc
to
>>
w
01
5
H>)— I^Tt<rtC-l— . — — 1— .— 1
<
Ph
«e
se
^
+->
l~cq.ct~:::ocxooc<iocc
C<1
Q
-d
5
bj)
^o:ooc-. 03t^-i<ec-.i0— 1
rjy
'S
u
•— ' — - 1 -^ t— ^ c^i t~. oc w :i:^ -^ ^
^1
43
tCMT^^I^-P^^C-IM^JM— '
CO
^
fe
^
=2
«»
^
1
s
2ooicic = ooicooo
lO
ilB
^ n t- QC c; Ji iS C-) -r — 'jC o
o
a
«lOCCCO— 1— .t^M— l--£C:a3
o
NiOt~ccc;co<crico^cccq
lO
1
-5
CO
Ph
»
«©
^
IM105CV:— .a50M-H«l>CO
o
o
x;
ccccc-q-^-Mtiiocq— io:c— .
X
^ ^
X' CO — — c cq x> r~ cc Oi u: — . (^
■^ X C: O 1^ ^ T? X — »c ■^- r-
{;
f— (<— (ccoo— 't-i^-^crt^cco^ cc
^ m
fc
cc'
1
;h
h
bo
cS
X—^cocOl/^l.'^XM^CC<IO— 4
,^
§
-H CTl l^ X vc C5 •M ?C X OS I^ X
i^_^co o_^«o_o — 1 a cc,*^,^ . ^co_x
o.
w
fr
02"
Si
^
Pk
0
£
':OL'7't<x:o— ixoiCiXXN
■^
&£
(N — OOCCC5t^MQ050C<IX
to
■d
S
Is?
oj'Mxxt^o^oot^ot^u:)
o^rtc->i0XJMt~50rQ-iSK
0
g
J
l^_
(S
<i
o^
S
«
i-q
e©
m
1 'V^
,bp
— •^^cse^^-H.-^— (xooco oi
ic -^ M Tj -r X lo ic c o X cc
'S
bnW)
LCc;c»^ c-"ii^oo:c^lX'^co -^
1^
o2
-HOO— i;oxt-i-i-^-H— .T^ o
co_x_o:_»o:_-,o_o^'M__oi~i--o^ -rf
5=^
-rcrt-'x'xri--"ari-"x — r;c -r' o
o
H
5& ^
^4
tM
CQ
bo
a
eg
u
co" -^
H
fe
x'-----x'---
1
C
!
9 •7
auditor's report.
■^
o
a
<D
m
m
Ph
c3
o
IS
'3
H
CQ
i
*bc
3
° 2 IS !2 '^ "5 '■'^ ^'^ ""-0 1 -? o
r^ if^i-'^.^OSCOOlOs-rOTiOt-.
'S.
1
1
bo
'S
207 24
519 76
482 42
346 79
589 12
614 19
493 25
515 91
5.53 29
4.S7 53
479 19
195 45
1
o
J H
1-5
"bO
C
M
155 35
120 00
184 70
195 50
306 60
108 40
121 20
177 00
74 .55
61 15
91 95
87 00
o
u
284 12
814 53
681 15
272 82
451 98
435 19
49(i 11
218 98
217 95
326 IS
478 95
221 71
o
o
a:
P
"bo
a
a;
419 50
381 50
454 40
498 10
1,020 72
342 00
571 30
415 80
275 00
3.30 00
311 75
406 61
To
'3
909 93
1,215 69
,287 93
,215 83
,739 80
,188 73
,592 72
,463 78
,207 06
,720 39
,050 85
,129 33
'
Eh
K-1
"bo
a
0)
1
200 20
247 35
359 80
289 50
569 10
125 90
185 85
206 55
182 80
138 80
199 35
261 55
y2
CD
_bo
"3
211 06
357 93
380 27
213 06
227 75
264 65
222 85
250 Oi
^37 29
321 98
413 97
216 70
00
co"
FRANKLINTON.
-^ — — : — :_!
'bO
a
403 10
434 55
872 45
386 15
1,074 25
297 30
498 35
372 35
286 10
358 40
312 85
379 55
o
i
IC
'3
674 25
842 98
761 72
1,383 33
1,748 87
1,606 38
1,708 88
1,9.56 68
2,184 60
2,349 87
2,064 76
985 03
00
c
June, 1873,
July,
August, "
September, "
October, "
November, ■'
Dec«=mber, "
January, 1874,
February, "
March, "
April,
May, "
North Carolina State Lioranf.
Raieigh
auditor's report. 23
O
i
6
1
1
©
m
xi
fi
1
©
1
(S !
H t
tw i
° !
©
1
5 '
s
d
M
o
xccx^i:c2S»?!Soo 2<
C^l-^Cq^lCCCC-VIMCNC^CNlCO l--
^ CC
'/'I
1
o
3
ho
imc »o — CI otooicoo^H
cc CO — 1 X l^ X O-j (M 00 !■- Ci t^
^riSt^^'t^^'^^oiocioo
^ccdr^-rccicciiocciocc
O ~<_CC__1> cc 3: IM_33 o; ISI 00 00
cc
cc
IC
90 00
52 80
112 02
103 04
112 88
109 75
79 14
129 75
144 41
113 10
125 43
133 07
O
ac
O
O
$ 00 05
54 80
124 55
93 05
144 20
39 25
102 20
93 75
91 10
70 90
49 10
55 75
S 439 05
392 75
376 83
176 17
32 28
64 72
85 82
38 46
35 95
57 53
57 58
36 08
CO
cc
LITTLETON. |
;2
$ 110 15
124 40
234 20
126 75
307 90
105 25
242 35
129 85
109 40
70 65
73 75
93 40
«5
iil
i 2 '1 25
264 32
297 13
301 33
627 69
623 80
698 81
586 95
416 81
610 28
46S 70
252 05
o
;5
o
« 40 35
69 35
68 85
79 30
135 40
57 05
71 00
72 85
32 85
32 80
52 60
22 85
'3
$ 145 67
283 71
304 88
219 83
504 70
556 06
448 29
352 67
200 37
383 83
265 89
155 10
8
1
cc'
o
2
3
$ 411 10
242 95
858 50
326 35
632 35
195 10
389 60
267 95
227 90
177 55
145 70
152 90
co"
bn
"S
Li
6h
S 336 57
320 78
442 95
501 12
668 68
652 33
760 27
791 51
578 69
579 43
606 13
247 95
5
i
W
Eh
O
June, 1873,
July,
August,
September,
October,
November,
December,
January, 1874
February,
March,
April,
May,
24
AUDITOR S REPORT.
"«
a
o
!2i
fclD
•IH
03
U
a
o
'^
m
H
m
o <)
on
5:^
"S^
>-3
^ 'T.
— • 10 O 00 'J5 C-) -f 1 ~ -■^ GC CC CD
f"
-^ ^
CC— iO-riOCC!MOl.OU2'-<03
l.f
<
-•'=)0'N'Mt^-'i0 3it^Ort
H
il«
r-
O
C^ Jl iM S^ i-J Td CI 71 Ci mM rH
H
9 ^
s
fcfe
^
«
u
CO
J
iNaOlOOOC-l— (3M^O-HOl^
lO
C
cq— iM-^t^cct^Moccjcco
05
<;
o
co'o'r-'cc o i.'^ t^ ic -1- i.T ii to
H
(2
6©
^
h4
"5 fc ;3; = -^ — ' -^ o -o i~ h- o
xi
O 32 to -_ -X O ^ 1- 1- O 1- CO
ro
<
— ,
o
o
^
'S'-^CC~Pt^ ic't-'uo'-i"— 'lo"Qtr
c<
fa
<«
QC
0)
882
e-1
cc
M
oor~
t:^
0)
ai
9^
ci
P^
<5S
eft
|Zi
1 ?S
if ^1
o lo ic o L-; o lo ira lo Lo lo o
& CI
S
So
(B
'^ '^^^ ^H ^
o.
^S
§
o
a.
»
:a&
"■O lO CO O Ir- Oi 03 Ci — < -H c-j ^
C^ oC 'M ;6 u-^ lO !X5 lO :0 CO -
lc m -^ 'f X CO »o tc cc. c^ c
AUDITORS REPORT.
25
CD
6
ft
B
o
o
^"
00
00
be
•iH
eg
r» en » CO =5 I rH M
-^ 1^ t^ ,-1 O lO o
-r CO a: oc o -^ o
oc o -^ -^ — . -^ Ci
— » C<l t^ QO C: O t-
Cj f-(
— .IM
f-H CM
CO CC lO "H CO to
CO 1- — Ol o cc ^ .^
•m-~ rjjX
: — ■ c^ w a: :
^go-^?oc^c^i3r:c^
CO * » x. I- C-: t~ .^1 CO CO 0-5 S f^ ;^ o-i oi o o -^
cc t^ — 1- oi .»■ cc :o ~j -i> o i~ =; 02 cc :
-- — .i^c^i "
co-T^Ci'r^cc^-rt-
4 pi O -. — 1 O 1^ O
I =^'
cc lO LO o o iC oo o ■-': L"? lO o c^ c^ c;) ;c o "^i
^^ O :-? lO LO 'ID ^^ :D iC W lO QO LO CO CO t-- o t—
— I cc "-C CO t- :o CI X m c^5 CO ca GO :o — c: i- o
o^LO T^^ — ^c:^-r_;c_cr_io_i-- i-^Oi i> cc '— ^o co
cT c<f ic'c-fic"'— ri-rco" i-T — r ic^^'"i-rco"
I r- c; ^^ c^. lO :c -r c: -r — — — . 'M a: Cft
! QC jO ^ lO' cc LO- O C: — T O O X Ci :>4
I X'I:^CC'Mh-t--'MO-r;£: — CiCOiOOO
<M CD C'l — « ^r: — "M ZC X ■DO CC CH) '^. O ^H
I> C0^1D^O^C<I^C0_^C^O^-T"^-r_x CO I> CO I-^
loco ^r C-i x'"co'i~^-^io';crco'"io^'— Tr-TOT'
lO i^ lO
ic^H a:.
Of-H
.-T cT
■M 3;j '.* <^ ^ X — ^ x t- ;^ vt c: p
CO '^^C: io ~^^ r: C? X^ X;^' O^ T i^-^ JO^
c-fioio";: j>r— h'-c'i-'^'co'-t — T'fir^''
CIO
10- •:C
C-2C<1
^OO OLOiOiCOiOLOiOOCC l^OSO
CO I- o o o o »o -p '^^ lO Oi o o
'M(Oco-hoc:co^-m'm cocso
CiTrC^ooo.-i':c--r'MQO oj-^o
■^^T' CD i> ^'S.f :d X — CO oi (— ' x>
"^c4"io'"-r^co" — T.-To-i" ■f-T-^^T-T
to — cs
I cico*r
I COtO^O
X .-1 :=
(MoT
=1 = .-•
St: - o _- >. o
> ■..■ 02 71 a c^ -w
lel-c" j< O te fl .-O ,
— > oca:"
W M ;, •- -S
tflz,
s5j:^§C'3SrtS2'3scoa-;:
C: OI ^ O CO oc rH r-H CO CO 'jo
o;'7^^0oo'*T'iMcoc<i?^io
c:)C3
'X>cn
s
Sx CO
3 ^-'
3i --3 01 CO O Ol CO -r 1- '" CO
co__-H^-t<^t^LO 1-^co lo S -5 B
1^ co'sTVio 1-^00 lo^ ^""-.iT
is
CO
oc
fe
s&
^©
-T-T 01
BS O
o o «
26
AUDITOE, S REPORT.
No. 7.
Statement of Tonnage and Miles at each Station, North
and South, during the Fiscal Year ending May 31, 1874.
NORTH.
SOUTH.
STATIONS.
TONS.
MILES.
TONS.
MILES.
Raleigh,
819
31,096
Neuse,
2(i9
21,840
218
2,179
Wake,
391
29,301
131
2.150
YomiKSville,
230
4,908
155
2,300
Franklinton,
1,509
110,799
219
6,810
KittrelLs,
2:'.0
14,169
73
2,699
Henderson,
1,707
93,163
301
11..535
Junction,
494
22,930
172
11,901
Ridgeway,
027
26,016
264
14,283
Warren ton,
553
21,405
55
2,522
Macon,
483
15,489
41
1,589
Littleton,
826
17,385
27
1,902
Gaston,
248
2,937
49
3,371
Weldon,
11,728
709,264
Total Local,
8,512
411, .348
13,4;i3
772,.505
Through Tons,
12,265
1,226,500
23,419
2,315,886
Total Through and Local,
20.777
1,687,848
36,852
3,088,391
GENERAL TICKET AGENT S REPORT.
27
00
CO
>>
03
be
■■3
H
tu
43
+3
■?!
;h
H
cy
w
lit
«
>
ni
rt
,^
H
H
o
rr)
:<
(11
w
03
§
-<
Ah
1
•d
0
1
ctf
00
ro
bfi
o
fl
^
fl
o3
H
CD
bs
a
©
OS
03
c3
P4
tM
o
-p
j
<
Eh
O
0
a
C-l OC LQ CC -M -M C3: t~ O — ( o t~
O 1^ ffi CC [^ CO -/D T-H< 1^ -f LO
CO o't^ ^ om t~-'o ■* 1(2 uo o
cT
1^
_2
152,707
157,199
220,500
150,951
415,311
130,247
182,441
125,420
107,307
144,980
127,458
304,984
1
S
4,035
4,483
5,623
3,772
11,535
3,087
4,883
8,695
2,886
3,669
3,113
7 302
CO
o
H
O
W
CO
O
s
o
s
<
S 5,090 00
5,000 05
0,205 25
4,533 35
8.5 10 86
3,,SS8 45
6,100 90
4,689 40
3,573 10
3.511 20
3,553 75
4,505 01
CO
116,007
) 17,1)99
198,500
100.451
371,011
90,747
M1.9I1
10,3,220
94,480
79,168
256,784
1
s
s
3,608
4,088
5,343
3,207
11,098
2,692
4,478
3,493
2,036
3,104
2,630
6,820
co_
g
0
S
<
S 1,579 22
1,611 13
1,174 10
2,203 13
1,050 80
1,037 80
1,597 89
832 97
1,001 70
2,356 71
2,360 61
2,350 06
ooooooooocoo
oooooooooooo
i
.a
s
3
t~ lO O im~ IC lO ^ O IC TO (M
'-ooico-^coaooioooooo
1
z;
June, 1S73,
July,
August, "
September, "
October, "
November, "
Decrmber,
Jaiuuiry, 1874,
Febiuary "
March, "
April, "
May, "
3
O
Eh
oo
oo
THOT
<D
a
u
<ai
A
o
M
cS
o
>
<
1
^?i
io
C5
to
Q©
-o
n
ci
lli
y
a
^
3
O;
cf,
H
O
<
H
"-H
_^
o=»
.-OT
>::
b
Eh
0)
M
cS
k<>
tu-
>
^
O— (
,_j
IM
T— *
<M
ti
Im
>
H
^:
(U
Eh
»
^
as
§
g
t~»
^S
i*
en
ST
bs
a
3-
«
aj-
ca
so
d
^
^
43
O
15
d
life'
<=> 1
h'
^ o
nflord ;
PAMPHLET BINDER
.. Syracuse, N. Y.
Stockton, Colif.
^J.^.^.^L'BRARY OF NORTH CAROLINA
3 3091 00738 9398
■#^