Newspapers / The tri-weekly commercial. / Nov. 10, 1855, edition 1 / Page 1
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VOLUME X -NUMBER ,1 02. WILMINGTON, N. C.t SATURDAY MORNING, NOVEMBER .10, 1855. WHOLE NUMBER 1202 1, 0 ' PRESIDENT 1iD DIRECTOR'S KEI CIIT. . Th President and .Directors ot flic Wifmingion and Ral ergh Rail Road Company, respectfully submit to the Stock holder, their twentieth annual report, showing the business ' ' of the tJompany, fftr the year ending on the 30th of Septem ber, 1853. .Though the business of the Company lias not been entirely commensurate with the wishes and calculations bf its friends, yet it is encouraging. The last year it was generally anticipated, would he more favorable to the devel- . opement ot trie resources ot the road, than any preceding; but Providence. in its infinite wisdom, haying visited two ot the ' tnost -important localities, through which our Northern and a Southern through travel preferred to pass, with a pestilence .of a peculiarly malignant character, our receipts from thisj heretofore prolific; recourse "were much reduced. In conse quence of the change that was made when the steamboats g were discontinued in February j 18o4, m charging the travel . ltween Wilmington and Weldon as through, instead of way travel it is impossible to fix precisely upon the amount of this reduction; but tt can be proximately ascertained by compar- ing uie. amount of through travel for corresponding months, dtiriug the time the boats were running, and when they were taken off. ( This comparison when thus made, will show this reduction to have been near $35,000, and by the same pro cess we find our way travel has increased $20,000. This increase is rendered more gratifying by the reflection, that it results from a source which is never failing, it is perennial Hvery iota which is added to this increase, can be relied on as an available basis in tho future operations of the Com- pan v. ' - . i Our fi-eighting business, as compared with previous years, shows a regular increase, and should in connexion with the increase ot way travel, inspire the Company with a well . founded hope, that in a few years its prosperity will be entire ly independent of through travel. ; Ou the first of July last, our contract for the transportation ; of the mails, made with the Post Office Department, in 1851, expired, a new contract for the same purpose, has been made -; for the next four years, on the same terms and conditions. . The current business of the year is set forth in the follow ing table : ' ' " RECEIPTS FROM I Throaarh Passengers, . ... . . . - $151,377 95 , Way Passenger,, ; t- 96.5M 69 -v Freight, "...... 142,348 72 Transportation of Uail and other aourcea,--. . r . 61,672 80 .. ' ...L - - $441,984 00 Total,-...; . . EXPENDITURES. TRANSPORTATION. For Repair and purchase of Iocomotlvee, . .. -' t " " of Coaeheaknd Cura, porchaaed one paaaenger Coach, and construction of 20 Care, (aemd elaaa and freight) Xxpenaea of Transportation, including Station expense, ...... ROAD REPAIRS. J Pay of officers, overseer and handu, . . $31,819 03 Subsistence and clothing......... . - 13,061 13 . Cost of materials, . . 32,962 86 Office expenses......... ; iMrlng this anumnt after deducting expenses from receipts.. Deduct alao this amount, paid interest and premium on foreign $46,309 94 34,210 90 110,058 29 $190,685 19 77,833 02 400 02 268,818 23 Exchange, .. .... $173,175 83 69,715 90 And irt have a the nett earnings of the Road, this year, the sun of . . At the commencement of our fiscal year we had on had on hand - eash and other aaaeta, aa per Treasurer's statement, ... We have receired this year for old Iroo old,. -........ 840 For land sold at Strleklandvtne, .....' 3,710 From Toat Office Departnisnt, one month's extra pay, 3,040 - - Making, -. . .. . . . To which add Xett promts of Road as above, . .. . Toti,,...:.....i.. i .... ' Which sum la accounted for aa follows : Amount of debt paid this year, . . ... . " " Dividends No. 6 and V . ; Paid on account of Station bouse at Wilmington, . Cos of one-ban Ferry Boot, W. W. HarUee," . . Ware House In Wilmington, account settled and charged this year, .... Charged this year on account of Shed and Ware House at Weldon, .... Paid oa account of Bridge, at Smith's Creek,. . Paid Dr. Togne for release of Mortgage on land, at Love Grove,... . ... Counterfeit Money taken thia year, . , ....... . ' Making the sum of.. ' .' .......... ..... To which add eash and other asset now on hand, aa per Treaenrer'a Statement,.... ........ . . ...... ... ......... Total,. $113,459 93 137,243 29 7,590 00 $144,833 29 113,459 93 $258,293 22 $25,072 29 93.032 60 10,800 91 10,381 90 14,364 64 2.899 43 1,747 07 600 00 138 00 $159,036 74 99,250 48 $258,293 22 There is a considerable increase in the cost of transporta- ' tions as manifested by the report of the Tieasurer. This iu " ; crease has resulted exclusively fiom the making of improve ! tnents of a permanent character, of which a bare enumeration - wilt here be given. A more detailed and particular statement will be had by reference to the report of the Superintendent. The reconstruction of the walls at the Depot; an enclosed aqueduct, of brick ; a construction of wharf and filling up of basin between the warehouse and river; Hospital and apper t tenauces ; . Station houses along the line of the road ; the re-laying of one-sixth of the road with new crossties ; the pur chase of 50 toii'of iron rails; weighing scales at both ends of - the line. In the aggregate these several improvements (im periously called for by the necessities of the road.) cost $12. 545 00, which should be deducted from the amount ot aii- - nual expenditure, as furnished in the above report. This re duction being made, will leave the current expenditure for the year, 256,273 23. f . The bondsissued by the Company in 183S, and sold in En gland, having twenty years to run; will fall due in '53. These bonds must be either renewed or paid. We can scarcely expect to do the former, hence we most pay them. In rder to effect , this payment, the Directors have created a sinking fund of 35,000 a year. ' From this source they will realize $105,000 'by theiime specified. This sum in conjunction with the stock downed in the Wilmington and Manchester Road, viz : $100, 000; and the stock in the . Telegraphic Company, both of which it is. calculated, at that time will be available, and will place the Company in ample funds to discharge this debt. .The ' Directors have adopted the following resolution, re commending to the Stockholders, the establishing of a trans fer office, iti the city of New York. ". It having been suggested to the Board that the establish Iment of an office, for the transfer .of the stock of thisCompa py, in the.city of New, York, would tend greatly to appreci ate ihe value of our stock, and render the same .available to ; th stockholders, as a money security, we reccommend that authority be given to the Directors, to establish such transfer .office, under such rules and regulations as will secure the safe and efficient conducting and management of tha business appertaining to it " ; At the last mueting of the Stockholders, the following reso lution was adopted: "That the President and Directors of ; ,. the Wilmington anr' Raleigh RailBoad Company, be instruc ted to coufer with the parties to whom corporate rights and privileges have been granted, by the Legislature of S. C, for the purpose ot constructing a road from some point of the W. and M. road, to fh city ot Hamburg, to obtain the co-operation of the Wilmington and Manchester Rail Road Company, and alt others interested in the accomplishment of the work, and to report the result of iheir enquiries to the next annual j meeting of the Stockholders of this Company, or to call a meeting of the same, if in ther judgment it is expedient, to , take early action on the eaTne." ; " - - In pursuance of this resolution, the Piesidei4 of this Com pany had several interviews with the different parties inter- . ested in the construction of this contemplated work, and re grets to rrport, that,. from a" careful survey, its cost was found to be so great as to deter the - parties' from th undertaking, i ! l'ev?am "xnelit )wo Qthei.'resotutions were adopted j by the Stockholders, instructing the President and Directors to apply to the State Legislature to obtain its ' consent to change the roriiorate name of the Company, from the V it mirigton and Raleigh, to the Wilmington and Weldon Rail Road Oompany, and to reduce the vote of the State m the general meetings of the Stockholders, in proportion to the amount of stock .owned by the State. Both of these applica tions wer granted, aud as soon as they are respectively adop ted by your body, they will become parts of your organic law. - ' " - . .: f Since your last meeting, Indeed but a few days bsfoie your present assembling, the community ot Wilmington nas been cilled upon to mouru over he death of one of its most usetnl citizens, yout Company to mourn over the death of its found er and patron, and at the time, an acting Director, Gov, E. B. Dudley. Coming to manhood possessed of an ample lortuue, his lifelong endeavor was to use it in the "advance ment of the interests of the public. Under the influence of this; patriotic proclivity, he freely gave his time and money, and bent the whole energies ot his noble soul, to the inception and completion of the Wilmington and Raleigh Rail Road Through sunshine and through storm, he was its constant friend I suggest that your body adopt some suitable steps to commemorate his worth, aud to transmit to posterity the benign influence of the example afforded by his well spent life. . - Yours Respectfully, WM. S ASHE. Preset. W. $ W. It. R. Co. REPORT OF THE ENGINEER & SUPERLNTENDEtNT. Hon. Wm. S. Ashe, President : Sir : I have the bonor to submit herewith my annual Re port of the oporations of your Road, during the fiscal year ending September dl), looa : . The Earnings of the Road for the year arc as follows : Freight upward, (Xorth) - $48,361 11 Do. downward, (South) . . . . $95,9S7 81 $142,348 72 Through Passengers, receipts from, .... ........ $151,377 95 Way Paoaengers, receipts from,, . $96,594 59 $247,972 64 Transportation of United States Mails. . 48,600 00 , Incidental receipts 3,072 80 $51,672 89 $32,962 86 $77,833 02 $46,309 94 $34,214 96 $10,000 00 $2,415 33 1,726 00 300 00 $10,000 00 $4,430 33 Total Earnings ... . $441,994 06 The Current Expenses of the year have been ..... ... ' 268,818 23 Leaving a balance of nett Earnings of.... ----- ..... $173,175 83 The expenditures for operating the Road have been as follows : REPAIRS OF ROAD, Salaries of all the officers, pay of Road and Section Masters, Master Carpenters of Tres tle and Bridge Repairs and all their Hands, including Watchmen at oovered Bridges and Hands at three Stations . . $31,819 03 Provisions and Clothing for Negroes .... . $13,Qj51 13 COST OF MATERIALS. Tiaiber for bridges and trestle-work, Crosstiee, Iron Rails and Spikes,.... .... .... .... . ... .... EXPENSES OF THE DEPARTMENT OF TRANSPORTATION, "Repairs of Locomotives." Thia includes the cost of New Locomotives, and materials of all kinds, and labor tued la repairs of the same, . . . . REPAIRS OF COACHES AND CARS. This includes the cost of new Coaches and Cars, and materials of all kinds, and labor nsed in building and repairing tha same EXPENSE OF TRANSPORTATION. This Includes the pay of Conductors, Engineers, Train hands and firemen, for all trains, fuel, oil, cotton-waste, station , buildings, houses of election masters of repairs, and pay of Station Agenta, . .. $110,058 S9 $100,585 19 Office expenses, . . ..... . - 400 02 TotuI cost of operating the Hood, ..... ". $268,818 23 From this amount there should be deducted the cost of, PERMANENT IMPROVEMENTS. Cost of constructing culvert aequeduct from Wafeehonae to Wharf, . $825 00 Cost of rebuilding sustaining Wall, adjacent to Warehouse,.. $1,260 00 Cost of filling In permanent Wharf, 10,000 cubic yards of tarth, at It cents per yard, . $1,300 00 Cost of crib-work tor the same, .... $1449 00 Cost of Track Scale at Wilmington and Weldon, . $1,575 00 Cost of 50 tons of new Rails at $56,50 per ton,.. . $2,825 00 Cost of 40,000 crossties, purchased and paid for this year, over and above the number paid for any previous year since tha track has been relaid,.. Cost of three new houses for Section Masters, of repairs, two wood sheds and materials for freight shed........ $1,500 00 Cost of Hospital and negro house, at Wilmington,., $1,250 00 $21,674 00 There are also charged in the cost of operating the Road, the following extraordinary expenditures, that do not properly belong to this account, and should be considered to show how a portion of the increased cost of this year has been made up : Coat of repairing Engine and Cars, damaged by accidents that happened before I entered upon my present dutie,l . - Provisions and Clothing purchased and used last year, but . paid for this, against which there are no outstanding debts for provisions, to., this year, . The increased cost of Provision thl year, increases the ex penses, ... ... . . .. ... The Increased cost of Oil this year, Increase the expenses, Total amount of Increase this year from causes not existing at the date of the last annual report,, . This amount deducted from 268,818 23 will leave as the relative cost V operating the Road, and If we add to thl the two Item stated above aa "increased cost of provision and oil," we have for the mctutd eost of the operating th road thia year, ... $234,718 90 The east of operating the Road last year, exclusive of Steamboatsajra $233321 39 Increased expenditure thl years, ... $M9T 51 The Increased receipt this year on way travel and freights ar mum than.. $30,000 00 There are other permanent improvements to the Company's pit xrty not enumerated above ; such as, Tne new passenger Depot and Eating house, construct ed this year. The Depot for passengers at Weldon, completed this year, The new Bridge over Smith's Creek, nearly completed. -The cost of these improvements so far as the bills have been adjusted, will be seen by a reference to the statement of .i m - , ine i reasurer. CONDITION AND DEPRECIATION OF TRACK, BRIDGES, AND TRESTLE WORK. I have just completed a thorough examination of the Track, Bridges and Trestle-work ; which enables me to repoit the Koad in good condition. The Track, as vou are aware, has been all laid fwith edge rails) within the last five years, and according to the best authorities on the durability of Rails and Crossties, should now show but'little deterioration in Rails; and only a moderate amount pf decay, in Crossties. This nowever, is not me tact, t rom tne date ot my nrsi examina tion of the Road, (Dec 1854,) to the end of September; our repair hands have been fully employed in putting in new crossties, and a small number (all that were on hand) of new rails. 1 ne number of crossties laid since January, is bo.000 50 tons of new Rails have also been laid down, with about 200 additional Rails, taken from oiiit3 where they 'could be spared, making about 59S new Rails added to the track, since Jan. 1855. B Hng about 28 miles : of new Crossties, and more than one mile of Rails renewed this season.. The cause of this early, and great depreciation of the track, may be attributed to the inferior quality of a portion of the Rails, and to the fact, that a part of the new track was laid with old crossties, from the flat rail track, and in some cases old woodeh railing was used for crossties. ' Another cause of the rapid destruction of the crossties on this Road is the ab sence of the, Chair,at the joints. It is a.facr, that my attention has been ottenty called to, by almost every Blaster ot Section Hepairs, tnat tne joint crossties have to be. replaced, (they say) every two or "at most three years, while the otber cross- ties will last trora six to jtsyen years. The rails are, also much injured by the omission of the "Chair," as can readi ly :k do seen, in copsequence of the piSculty of ."keeping the $30404 33 $232,713 90 $2,025 00 rails firmly in their place. The spike will not hold the ends of them firmly on the crossties. ' . Assuming this estimate of the durability of the track to be correct, and we shall have to provide for renewing one-sixth of the whole number of Crossties, and one-twelvtth of the Rails, annually. " COVERED BRIDGES. The old trestle Bridge over "Smith's Creek," was deemed a pier to re constructed oi stone, tor a new tf ridge, l recom mended a Lattice" Brtdge, which the Board of Directors ordered to be constructed. The bridge has been completed, (except the weather boardipgand roofiiug,) to my satisfaction. The old lattice bridge over the "North-East" branch ot the Cape Fear, was examiaed and found to have settled, and become somewhat warped, but it was found upon a thorough examination, that . the timbers were sound, . and that 'benches" having been placed under the middle of each span had so much .strengthened it that an immediate reconstruc tion was not necessary"; though it was deemed best to pre pare a bridge that could replace the old one at short notice. This course having been approved by the Board of Directors, materials will - soon be in readiness for a ne'w bridge, to be framed and laid aside until wanted at this point. The bridge over "Rockfish" was thoroughly rebuilt by my predecessor,and is now in good condition. The "Neuse River" bridge is a new and good one., . 4 ., The bridges over " Contentuey Creek," " Fishing Creek," and "Q,uanky," are in a good state of preservation. The bridge over the "Tar River" warped and settled consid erably, several years since, but as the timbers are sound, I design putting plank arches in each span ; (after raising and straightening it,) to preserve the proper position and give the necessary strength. - - . The trestle work has been well overhauled and repaired during the past summer, aud is in good order. The cost of keeping up the trestle work is so great, that I hope at an early day to avail myself of the authority recently granted by the Board of Directors, to rmploy two gravel trains, in filling it up. The annual repair of this work cannot cost less than $15,000. There are about three miles of it, in addition to culverts and covered bridges above enumerated. Nearly the whole three miles can be filled, and thus reduce our expen ses in this branch' by at least $15,00Q per annum. REPAIR SHOPS. The force employed in the Company's Repair Shops, has been constantly occupied during the year with repai s, and new work. The Machine Shop has received about $7,000 worth of superior, new tools, which now enables us to do promptly, economically and thoroughly, the repairs to our Engines, that become necessary ; as well as to rebuild several of the Com pany's old ones, that require overhauling. -There have been constructed at the Company's Shops, dur ing the year, three second class passenger cars, three second class passenger and baggage cars, and 25 box . freight cars, besides the repairs to make good cars injured by the accidents heretofore referred to. It gives me' pleasure to report the Road, its buildings and machinery, in very excellent order, with the exceptions allu ded to above, 1 would also except wood and water stations, that are now undergoing repairs. TRANSPORTATION. . "We have this year carried over the Road 33,499 through passengers, and 68,644 way passengers : an average number of 280 passengers per day. Our passenger trains day and night, have run regularly, seldom missing a mail connection, and witrout injury to life or limb, except in one case, and that nut a very sngni injury, ana caused by tne passenger himself, from standing where he ought not to have stood, on the platform of the cars. Our day express train lias run at an average rate of thnty miles per hour, and our night train at"twenty-five miles per hour. When arrangements at sta tions are so perfected, as to render stoppages of three or four minutes (tor. wood and water, or passengers,) only necessary, we can reduce our speed. ' Thetlnough travel has fallen off this year, in consequence of the general depression of business, while our way travel has increased. The precise extent of this change from last year, cannot be determined, because of the blending of Steam boat and Rail Road receipts during a poruon of last year. But by comparing the receipts for eight months of last year, after the Boats were taken off, with the corresponding months of this year, we find the way travel has yielded an increased income of more than $13,000, which ratio would give about $20,000 increase in the whole year, from this source. As was anticipated, considerable feeling against rue has been manifested, in consequence of my endeavors to restrain the " free riding" within the limits prescribed by the Board of Directors. If any errors have been committed in this mat ter, they were unintentional, and resulted from a determina tion to do my duty faithfully and impartially. Many Rail Road Companys have been compelled to cut the free tiding off altogether, in consequence of the great difficulty of resti ain ing it within proper limits. - The whole number of miles run by passenger trains this year, is 236,520. The number of cords of wood consumed by passenger locomotives is 5,913 ; or 40 miles run to each cord of wood used. , Oil used on engines and tenders, 2,008 1-2 gallons ; or about one pint of Oil to 14-09 miles run. Our freight trains have continued to run with regularity, and have afforded every facility possible for the transportation of freight. And although it shows an increase this year of $23,b8o 15, over the receipts of last year, if we deduct from the total receipts of last year, $12,000, for freight on Rail Road Iron for N. C. Rail Road, transported, in pari, in 1853, but charged in March 1854, yet. it has not equalled our expectations, xne great iaiuug on in our downward freight, caused by the depressed state of the market for the great staple of Eastern Carolina, (Naval Stores) has reduced our income fiomthis source more than $8,000. This sum would have given us a total of $150,000 for the year, which was anticipated. " r - - ? : . . By affording every facility for the transportation of freight, and by adopting a tariff of charges suited to the work to be done, and never higher than articles will bear, our receipts from this source for the next year-cannot fall short of $175, 000. This estimate of course, includes the anticinated in crease from the North Carolina Rail Road, which must ulti mately become a great feeder to this Road. The whole number of miles run by our freight trains this year, is 86,112, and the freight engines have consumed 2,975 cdrds of wood, or an average of one cord of wood to 29 miles run. Oil used 1,092 gallons, or one pint of oil to 9435 miles run. ' " ' ' ... ' ' Our stock of cars now in use, consists of, First elaaa Passenger Can, la lair order, . . . . 14 BeeoodclaM .do. Ao. in good ordar, built to Company's Bhopa, thi year 3 Da do. do, and Baggage Can la good order, built in Company's Shop this year, - t- Baggage Cars J Adam's Express Can J,.... . , J,. . 4 KaU Can k, all in good order,. . Crate Can 3 one broken, 1 la good erder,... .i.;: 3 Total............ , ,..-MHM..r ' 30 Crates T, la good order. ,,-.... ......i. , ..-.-.:....... Total Coaches and Oars for I am now able to report our motive power and rolling stock sufficient for the wants of the Road, for the next two years with the ordinary repairs that will be done at the Company's Shors.l ' - The new passenger Depot, Including the eating Saloon, passenger rooms and baihp, will soon be completed, and put in charge of the lessee, who pays for the establishment an an nual rent of $2,720, 1 propose that he shall commence accom- uusafe by my predecessor and he had caused abutments anW rnodating passengers there on the first day of Not. next, after .a .la. 1 I.. 1 .. i . a a which u is to oe nopeu mere win he less cause ot complaint, on the part of the traveling public, for want of suitable accom modations for travelers, at this point of the great Inland Route. I have, with your approbation, adopted what I trust will prove a more economical and efficient method of supplying fuel for our engines. It is briefly as follows: to have only six to eight stations for wood and water, for, the passenger trains, where the wood is the property of the station keeper, who delivers it to the engines as it is wanted, and for which he receives a check from the' Engineer. These, wood ac counts to be settled monthly. Water to be pumped by the wood contractor for a percentage on the amount of wood taken at tho Station. It is a system that has long worked very successfully on the Georgia Railroads. I propose to locate the wood stalions where wood is still abundant, and of the best quality. I propose to take wood at the way-side, in such quan tities as our freight engines require; upon the same plan. This will enable small contractors lo supply wood reidy for the engines, convenient to their locations, and yet, at a much cheaper rate than that at which it has heretofore been sup plied. ' - The proposed reduction in the number of repair hands and Section Masters, which has met your approbation, together with the new arrangements I am now trying to effect, in the manner of supplying wood aud water, will reduce our road and transportation expenses about $10,000 per annum. For the details of the operations of the road, 1 beg to refer j you totne tables accompanying this report. Permit me to call your attention to the faithful, prompt and satisfactory manner in which the officers and employees of the Company under my direction (with but few exceptions) have perfouned the duties required of them. I think it would add to the efficiency of the riianagement in operating the road, to require each officer who is responsible for the man ner, in which his assistants perform their duty, to recommend to the proper authorities, such persons as he may be willing to become responsible for and as a matter of course with out there is some ' manifest objection, let such recommenda tions be confirmed. This method seems to succeed well where it has been adopted, and on most of the best conduct ed Roads it is now in force. ' I cannot in closing this report fail lo express the high opin ion I entertaiu of the long and faithful services of my able and experienced predecessor, who, in performing the double duty of President and Superintendant, has rendered most valuable services to the Company. If in any recommenda tion, I have at any time felt it my duty to make, I have dif fered in opinion from him, or in. any manner changed the management adopted by him, it was not from any want of respect for, of confidence in his superior knowledge, and ex trains, ;. . FREIGHT CAES. Box Care,..... Platform Cars... WtCan, - 2S,.aa in good order, old and -worn, .20 new ones nearly eroopjetod. . . - 63 la good order. -T worn, bat rer Arabia. . - . ' t oid and worn t lit seitkeable . ' ' . Y-i freight Can. perience ; but solely because I believed the weight of testi mony, confirmed by my own observation, impelled me.to the course I have taken. - ' Respectfully Submitted, S. L. FREMONT, Engineer Superintendent. REPORT OF THE AUDITING COMMITTEE. TO THE STOCKHOLDERS OF THE WILMINGTON t WELDOIf RAIL ROAD Gentlemen : The undersigned, appointed for the pur pose of auditing the accounts of your Company, for the year ending September 30th, 1855, beg leave to report that they have made a thorough examination of the books, and stock account and compared all the entries with their proper vouch ors, and found them correct, wilh the exception of tho omis sion of one freight bill, and several errors in the footings ol the way bills, all of which have since been corrected.- We submit the following statements, showing the result of the Company's business for the past year . RECEIPTS. Amount received for Through Travel ..................... Do. do. do. Way do. .......... ........... Do. do. do. Freight ----- J- Transportation of Malls, Rents, Ilc. ..... $151,377 94 96,M M 142.S4S 72 61,672 80 . $441,094 06 EXPENDITURES. Coat of Transportation, Including Repairs of Locomotives, Coaches and Can and Depot Expense ... $190,586 10 Railroad Repairs, including Cost of Materials, fay of Offl- cera, fcc, Subsistence and Clothing........ .. - ... T7.833 03 Office Expeneea . . .... , . ... 400 02 Interest and Exchange, 68,715 B0 $328,534 13 Nett Profit. -. - $113,459 03 LIABILITIES OF THE COMPANY ON THE 1st OCTOBER, 1855. Old Bonds payable In England at B per cent -- . . $222,090 67 Bonds endorsed by State of North Carolina at 6 per cent i 1... 2S0,0O0 00 New Honda payable In Kngland . . 443,565 66 Bonds to the United States, payable in Mail service . .; 2,752 40 Bills Payable . .' . 44,603 89 Due on Pay Rolls 9,620 60 Do. Negro Bonds, 1844 to 1855, Inclusive . 89,552 78 Do. Dividends No's 1, 2, 3, 4, 6, 6, 7 . 4,766 60 Balance Due on 30 share of Stock; surrendered to be rode oat . 224 04 Due to sundry Individuals and Corporations .... . 9,296 84 . . $1,026,998 18 CONDITION OP THE COMPANY ON THE ltr OCTOBER, 1855. liabilities of the Company.. . . ; . $1,026,998 18 Capital Stock paid in ....... : . 1340,213 21 Balance of Profit from commencement of operation to present time, af ter paying Intent on Delit . . . 656,239 47 Coat of Const ruction, Real Estate and Reconstruction.. 29 share Company' Stock purchased and balance due on For. felted Stock : Wilmington and Manchester Rail Road stock ........ Washington and New Orleans Telegraph stock , ....... ' Bills Receivable . ... . . . Due from Individuals and cost of FerryBnat, Warehouaiea and Passenger tjheds at Weldon and Wilmington Due from Agents Due from Poet Office Department for Mail service Counterfeit Money taken ....... . . - Cash in London and Raleigh to pay Interest due... - Cash In hands of Treasurer . ... . . ... . $2,776,403 80 8,850 00 100,000 OO S,K0 00 35,021, 66 61770 69 9.667 OS 12,150 26 696 64 13,329 11 1,5Z1 7S $3,023,460 86 All of which is respectfully submitted. H. BAKER, -P. S. MARSHALL, D. MacKAK, $3,023,450-86 Committee. 1 l'lX I'LtTUS OF THE.' N. c. cukistian ADvccvnr. THE Nonh Carolina Anridal Conference oflhf Meihodit. Kpiseopar Church Si nth, having determined to Ueiie a weekly paper bnrir.,? I ho above name, the subscribers are authoixei la l sue this prospectus. Ilia intended to publish a family neutjnptr, which, while it shall bo religion in lone and sen timent, and maintain Ihe doctrine ani l ji of he Methodist Church, shall be devoted to all It inter ft qf North Carolina, and fofnisti intelli gence for every cla or readers. . In t and ap pearand the new periodical Is to be equal to any of our Church paper, while it will surpne. ihcm all In adaptednecs to ihe wants of urpeojJo. The entire insufficiency of the extatlns; "Advocates" to the necessities of our position forces o to ihe publication of our own paper, and we eon,. Jeotly expect the hearty co-operation of the Members of our Church in all part of the Mate and Coher ence, aod hope-to make th paper so intereetir? a no instructive as to- attract patronage fiom ili public generally. The "Advocate" will be published at .1,50 year and the first number will be issued es catly a practicable after the next Session of our Con ference. It ia believed that the public? on will be commenced on the 1st of January, 1. . V It l desirable that a lar?e a auhrcripiion as ; Mo be obtained before the Conference and the tera and all others interested in the enter; :. are respectfully urged to secure and forw.d the names and addrosa of subscriber, particular at ten lion beine paid lo correct nets In writing- tho names of persons, post offices and Counties. Those who may have no opportunity of subscrib ing through the agency of our MinUtera may write directly to Rev. Wm E. Pell, Kayetteville. Pf. C. , The payment will be expected npon the iue of the first number. The location of ihe pablishinj? office will be determined at the Session of Con- ference. - " . William E. Pcll, William Cbtbb, Roros T. Heflin, Commiilee. N. H. D. Wilson, William Daraexokb, July, 1855. B9. AMERICAN JEWS. The San Francisco Sun, in an article upon the present condi tion of the Jew, closed' with the following paragraph : ' 'The Atr.erican Jew U onl less pround of hi country than bis religion. - To say he is a mere dweller npon the soif because it affords him the means of support is to libel the most noble trails of his character. The graves of his ancestors are around him. His heaven is as near to him on the shores of the Pacific as upon the sacred Mount of Olives or within the elassic walls of Jerusalem. His God is omnipotent, and omnipresent. He has knelt before that awfal presence alike on the deserts of Arabia and the frozen zonrs of Siberia; and why should he here, where the law. recognises his religion and his political, privileges,1 withold an affection to which he is impelled by every consideration of prosperity to himself and future happiness to his children T ' His respect for. our laws is shown-in the fact that he seldom violates them. His weUb has gone towards building op and enricbinr "our oities. He quarrels bat little; heads a mob never- You will find lt in our courts of justice, on the bench, at the bar, in the jury fcoj; hut seldom ever arraigned for a henious criminal of fence. This 13 the American Jew. Let his good quantities te imitated: his lad ones should be forgotten." ' 10O,00Q COPIES! STEAMBOAT DISASTERS ON THE WESTERN WATERS, AND 8TEAMBCJAT DIRECTOR F. THE undersigned hove now In coarse 6' pi epar X ation a NEW STEAMBOAT D1UKCTOKV, which will be issued in October next : the book will contain over two hundied pages, illustrated In tb best style, and neatly bound in a durable manner. It will be oi.e of the moat interesting books ever publit-hed.and will be a book that will be interest ins to ail classes of people. The Steamboat Di rectory will contain a Complete list and description of all the steamboats now afloat on the Western and Southern waters. The length, model, speed, power, and tonnage of each boat, where and by whom built, the name of the boat,' with the trade she is In. Also, the names of Captains and offi cers, her age, 4c, 4c. The Directory will contain a history of Steamboats and Steam boo ting on tho Western waters, since the application of steams also, a sketch of the first boat built for the Ohio river, with the name of the builder, commander, nd owner. The River Directory will contain a list and des cription of al the Steamboat Disasters that have occur rid on the Western and Southern waters, beautifully illustrated, with a list of silt hope who have peilshed bv (heir burning, sinking and ex ploding, on the Western and Southern waters. The Directory will contain Mops of the Ohio, MissisfippI, Missouri, Illinois, Arkansas, White, lied, Ouachita, Yazoo, and other rivers, with the; towns, and citii a laid down, with correct distances also, many other river and commercial items of interest to the people at Urge. The book will con tain the cards of Ihe various United States mail boats, with the trade they are hi, Ac., &c. . The Di rectory will also contain a complete lib! of all the responsible Steamboat Licenced Officers, their places of residence, &(., f-c ; the new Steamboat Law, its requirements,-. with comments, showing; wherein it benefits the Incompetent officer, and in jures the competent officer, &c.,&c. . and a If live important United States Supreme Court Steam boat Decisions up to date; the Kates and Impor tant Commercial Privileges, Bills of l.a.linor, im portant Decisions of the various United Mate courts, in re card to Freights loot and d..- rged, 4lc, die I with many other things of I - i. The Directory will be illustrated in u,e ! - i ttyle and printed in the best manner The i r has for six years been gathering together a. i t,.s facra and items in regard lo the numerous steamboat disasters on the Western and. Southern wafers, and now intends publishing them in book form. The price of the work will be put at the low sum of One Dollar. Ten thousand ropieewili be l8?ued for the boatmen t all others desirous of subscribing will have to do so at once, as none will be printed unless ordered in advance. Thia work ia destined to have a circulation of over eighty thousand copies, ss the publishers sre receiving large numbers of tubscriber, ptr mall, from allpartaof the country, dailr. Some of the oldest boatmen, aa well aa most scientific men of the times, are contributors to the Steamboat Direc tory. T he Directory will be Ueurd la October, and wiB be an ornament to the parlor aa well steamboat. By remitting One Dollar (post paid) you will re ceive copy of the above work. 3PA1I communications and letters should be, addressed to AMES T. LLOYD A CO.," Post Office Bni!dr. Cincinnati, Oiuo. July 17th, 1855. B3-tf. STEAMBOATS FOR SALD. WE will sell the Steamers "FAIRY," "IXTOV and 4-13ths of the steamer "EVKRG.l KEN," ail of which are now on the waters of the Pee Dee and Waccamaw. . Fatsr'a length, 81 feft 6 inches, breadth, 15 " 4 " " d. pth, 4 " 2 . measures 54 and 2 SS tons burthen, was built in the year 1851. . . , Steamer Uviosr or Eliza's length, 79 feet 6 Inch. breadih, 13 " . " " depth, 4. 2 measures 40 and 32-93 tons burthen, was built in the year 1650, machinery a.l new and in complete order. Steamer Evaaoaass'a length, 121 (bet 6 Inches. " " breadih, 22 " " dtpih, 6 - 5 measures 160 and 78-0 5 ton, and was built la tho rear 1848, together wiiii t,, . r Lighters, J -.. R. Blossom and Republican one of seven 1 Jred I arrets, and the other of nine hundred tartt.i ra pacity. Also, two Flats, noiv on tne Cup Fear River--one 650, and the other 553 bbis. caj-acity . Terms will be made tFy D. D. ALLEN, . . JAS. H. PilTOIIKTT, A8:nce. sept. 27. . . Et-tf 10 2 2 4 7 BARGAINS IN FUnITUCD. At S. M WEST'S Furniture llarekvuse, On the Wharf. Just Received, and for tale Lne for Cush.i fZf DOZEN Cane and Wood seat chairs, assort, JyJ ed colors. . 5 doz. cane seat Rocking Chairs, wood sest - m fine mahogany cushion spr! - - Cairsv" nurse offies Chairs, wiih eutl.io.u. children's office Chair, 60 fine manogany maroie top i ore a us, 85 " Sofas,- Centre and Dining Tables, 10 fine uahocany Lou, 100 high post bedsteads wnu i ;ent sere v andj cord. v . 6 fine Cottage Chamber seta, 60 Waah Stands and Toilet Table, 10 fino Wardrobes, . 8 fine W rltin-r Uesk. 6 Boole C'asrs, , - 4 " Sideboards, Hair Ma ureases. Looking C' ' r , Ac. For ante low by T. sept. ij. bi-u Tffi BBLS. Prin i J ecived Sept.4, For t ia t's-re an J j - -t re-
Nov. 10, 1855, edition 1
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