Raleigh  and  Gaston  Railroad  Toinpany 


Proceedings  of  the  twenty-sixth  annual 
meeting,  held  at  Raleigh,  July  20,  1876 


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PROCEEDINGS 


STOCKHOLDERS 


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8iti§i]  t  psioa  laiiMi  p., 


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AT  THKIH 


Twenty-Sixth  Annual  Meeting, 


RALEIGH,  JULY  20,  1876. 


Also,  the  Annual  Reports  of  the  President,  Superintendent,  Treasurer,  &c. 


R  A  L  E  T  G  H  : 

r>Aii.v  Nkws  Jon  Office  and  Book  Bixdkkv 

1  8  7  f! . 


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North  Carolina  State  Library 
Raleigh 


PROCEEDINGS 


OF  THK 


STOCKHOLDERS 


OF  TITK 


^duif.t.if. 


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pfeii  i  iasfai  iailisrf  ii, 


4 


AT  THEIR 


Twenty-Sixtli  Annual  Meeting, 


HELD  AT 


RALEIGH,  JULY  20, 1876. 


Also,  the  Annual  Reports  of  the  President,  Superintendent,  Treasurer,  &c. 


RALEIGH: 

Daily  News  Job  Office  and  Book  Bindery. 

1 8  7  G  . 


t^W-CK) 


DIRECTORS  AND  OFFIUERS. 


j:>ii?ji:<j'roKf?< : 


>U)>.  B.  BATOIlEi.oU,  I'Al'l.  r,  (.'AMEIIOX, 

W.  J.  TIAWKIXS.  \V.  V:.  eilAMBERLAmE. 

V7ALTEK  CLAKJv,  i;l:\^'iX  W.  BARKI^^GEH. 


JOHN  A[.  ROBmSON,  President. 
JOHX  C.  WINDER,  Superintendent. 
AYILLIAM  W.  VASS,  Treasurer. 


THOS.  B.  VENABLE,  A.  M.  McPHEETERS, 

RUFUS  S.  TUCKER,  W.  J.  BAKER. 


'<?<iKljd 


PROCEEDINGS. 


The  twenty-sixth  annual  meeting  of  the  Stockholders  of  the  Raleigh 
&  Gaston  Railroad  Company  was  held  a.  the  office  of  the  Company  in 
Raleigh,  on  Thursday  the  2(J(h  of  July,  1S7G. 

On  motion  of  Jno.  M.  Robinson,  President  of  the  Company,  D.  M. 
Carter,  of  Raleigh,  was  called  to  the  Chair,  and  W.  W.  Yass  was  ap- 
pointed Secretary,  and  W.  C.  Mainwarring,  Assistant  Secretary. 

A.  M.  McPhceters.  from  the  Committee  on  Proxies,  reported  as 
follows : 

Capital  Stock  of  the  Company— shares, 15  000 

ReportPfl  in  person, '        l  760 

Reported  liy  Proxy, ■■......................]....[[....  9,0^5 

Total  reprej^entation, 10,785 

The  Chairman  declared  the  meeting  duly  organize<l. 

Jno.  M.  Robinson,  President  of  the  Company,  read  the  annual  re- 
port of  the  Board  of  Direcfors.  which,  on  niotiou  was  recoiycd  and 
directed  to  be  published  with  proceedinjis. 

The  annual  reports  of  the  Stipcrintendenl  and  Treasurer  were  pre- 
sented and  received,  and  directed  iu  like  manner  to  l)e  published. 

T.  B.  Venable,  Chairman  of  the  Committee  on  Finance  and  Inspec- 
tion, read  his  report  which,  on  motion  of  I\  C.  Canuiron.  wr.  -  rceivod 
and  divectd  to  be  published. 

W.  J.  Hawkins  oftered  the  following  resolution,  viz  : 

That  the  By-Laws  of  the  Company  velatii\^  to  tlie  .«alary  of  i!c^  I'lvsid'-rir  ' 
aioeuUed  so  as  to  fix  the  amount  at  >-2,riU0,  instead  of  *5,(mio. 

This  resolution  was  advocated  by  Jno.  M.  Robinson,  P.  C.  Cameron 
and  R.  C.  Hoffman,  and  tmanimously  adopted. 

On  motion  of  A.  M.  McPheeters,  the  Stockholders  proceeded  to  bal- 
lot for  President,  R.  C.  Hoffman  and  R.  S.  Tucker  being  appointed  tel- 
lers. Jno.  M.  Robinson  received  all  the  votes  cast,  and  was  declared 
duly  elected. 

On  motion  of  T.  B.  Tenable,  the  meeting  balloted  for  si\  Directors, 
whereupon  Geo,  Little,  long  a  meml>er  of  the  Board,  dcdiiied  to  be 
put  in  nomination. 

The  following  gentlemen  were  rei)orled  Uy  tlie  teller-;  as  Inly  elected 
Directors : 

AYaltkk  ('lakiv,  of  Raleigh,  received li:i,.l-12 

W.  J.  Hawkixk,  ofRidgeway.         ••     10,.302 

P.  C.  CA3IER0N,  ofHillsboro,  ••     10  314 

Joseph  B.  Batchelor.  of  Raleigh,  •'    10.2^7 


cx^J. 


., .  ________^.. ^^ e^f 

PROCEEDiNas  Annuax,  ]Meeting 


W.  W.  Chamberlaine,  of  Norfolk,  received 9,638 

LewinW.Bareingeb,  of  Philadelphia,  "     9,158 

On  motion  of  Walter  Clark,  T.  B.  Venable,  A.  M.  McPheeters,  R. 
S,  Tucker  and  W.  J.  Baker  were  reappointed  on  the  Committee  of  In- 
spection. 

On  motion,  W.  W.  Vass  and  A.  M.  McPheeters  were  reappointed 
Committee  on  Proxies. 

Col.  R.  S.  Tucker  offered  the  following  preamble  and  resolutions, 
accompanied  with  appropriate  remarks  by  himself  and  by  Jno.  M. 
Robinson,  President  of  the  Company. 

Whereas,  Since  the  last  meeting  of  the  Stockhol<Hors  of  the  Raleigh  &  Oas- 
ton,  and  Raleigh  &  Augusta  Railroads,  it  hath  pleased  Almighty  God  in  his 
■wisdom  to  remove  from  his  fleld  of  usefulness,  Geo.  W.  Grice,  late  President 
of  the  Raleigh  &  Gaston  and  Raleigh  &  Augusta  Railroads  ;  and, 

Whereas,  This  is  the  first  and  only  meeting  of  the  Stockholders  of  said 
Roads,  at  which  proper  action  could  he  taken  in  regard  to  the  death  of  the  late 
Geo.  W.  Grice,  President  ;  be  it  therefore, 

Resolved,  That  in  the  death  of  Geo.  W.  Grice,  we  feel  we  have  lost  an  aide, 
faithful  and  acceptable  President,  who,  though  so  short  a  time  in  office,  had 
drawn  to  him  l)y  his  courteous  manners  and  prompt  transaction  of  business 
many  friends,  and  admirers.  That  we  will  ever  cherish  the  memory  of  the 
man,  and  his  many  virtues  of  heart  and  head,  and  will  point  to  his  life  and 
character  as  worthy  of  example  by  the  rising-  generation. 

Resolved,  As  a  token  of  respect  and  regard,  that  these  resolutions  be  spread 
upon  the  books  of  this  Company,  and  that  the  Secretary  be  requested  to  furn- 
ish a  copy  of  them  to  the  family  of  the  deceased. 

After  the  adoption  of  tlie  resolutions,  the  meeting  on  motion,  ad- 
journed sine  die. 

■  D.  M.   CARTER,    Chohnnan. 

W.  AV.  Vass,  Secretary. 
AY.  C.  Mainwarring,  Assistant  Sec'i/. 


Report  of  Committee  on  Inspection. 


m= 


IaIjEjgh.  N.  C,  Jii.y: 


The  C'omniitiec  on  lusiieclioii  subinit  the  following  report  : 

That  they  have  exauihied  the  rua:l  and  find  that  the  traekinj^  is  in  a 
good  and  strong  condition.  During  the  year  12  miles  of  new  ii'on  has 
been  laid,  and  about  14  miles  of  the  track  ha- been  thoroughly  ballasted 
with  stone  and  gravel,  and  the  whole  line  of  the  road  is  in  as  good  con- 
dition as  it  has  e^er  been. 

The  bridges  are  all  in  thorough  repair  and  have  Ijeeu  will  paintud, 
except  the  one  over  Neuse  River,  wh'ch  althougVi  perfectly  safe,  is  now 
being  replaced  by  a  new  Howe  Triis.>  Bridge. 

The  depots  are  hi  good  order.  Two  new  ones  have  been  l)uilt  :  one 
at  Forestville  and  another  at  Middleburg. 

A\'e  w^ere  glad  to  note  a  largely  increased  bu.>uiess  from  tin-  iloauoke 
River  at  Casion,  and  would  recommend  that  warehouse  and  utiit-r  fa- 
cilities for  handliug  the  freights  at  that  point  be  iucreas?'  '■ . 

The  shops,  under  the  pre^^ent  efficient  luanagemeui,  hhvlH  <^\vv\ 
facility  for  Keeping  the  rolling  stock  and  machinery  of  the  (.'ompany  in 
perfect  or  'er. 

They  further  report  that  they  have  examined  the  books  andaccuunls 
of  the  Treasurer  and  Auditor,  and  ilnd  iliem  to  be  accurately  and  well 
kept,  and  tliat  the  proper  vouchers  are  liled  for  all  the  payments. 

The  statements  of  tile  Treasurer  tiled  with  Ms  rejtort  set  fortii  ac- 
curately the  financial  condition  of  the  Company.  From  these  it  ap- 
pears that  the  net  balance  of  earnings  for  the  last  fiscal  year  have  in- 
creased, althougli  the  gross  receipts  have  diminished.  This  is  fortunate 
and  in  the  opinion  of  your  committee  is  reierable  to  the  economical  •^^•^d 
good  management  of  the  officers  of  the  Company. 

The  statement  of  the  sinking  fund  bhows  a  decrease  from  last  year, 
but  the  amount  so  decreased  has  beea  applied  to  the  payment  of  a  like 
amount  of  debt ;  and  the  statement  of  liabilities  and  resources  of  the 
Company  shows  a  healthy  financial  coudidon.  The  early  <'ompIetioii 
of  the  Raleigh  &  Augusta  Au'-Line  Road  to  a  jiuiction  v.M'th  the  (.'aro- 
lina  Central  will  open  a  new  line  of  traffic  which  it  is  hop'-d  will  large- 
ly increase  tiie  receipts  of  the  Compans'. 

The  last  year  ha<J  been  one  of  unparaUelkd  ditticubics  hi  tiie  fi'nm- 
cial  world,  which  have  effected  Roilway  Comp-fiic",  ic;^'ei.hcr  w\h 
every  other  line  of  busines.",  yet  wioh  econom'c:il  manajsment  the 
prospects  are  good  for  increa:,e  in  the  ba,  iucii.i  o.'trte  Com^iuny  for  the 
ensuing  )'eai'. 

It  is  a  matter  of  congra'ailalion  that  there  have  been  no  a^^'-Mcnts  to 
passengers  or  deleution  orfre^'i-'iis  on  this  I'.ie.  aid  t'-a^  t;-' ;  Conioany 
can  safely  offer  to  the  public  as  efficient  accommo'  al'on  boLh  for  pas- 
sengers and  freight  as  any  other  line  in  tisc  counirv. 

■i.  i;.  Vr.XABLK. 


(7) 


A.  Yi.  r^iCI'UFI'TER,.'. 
R.  S.  TlCKi^i. 
W.  J.  BAKER. 


Report  of  President  and  Directors. 


ANNUAL  REPORT. 


Office  Ralp:toh  &  Gaston  Railroad  Company, 
Raleigh,  N.  C,  July  20th,  1876. 

To  the  Stockholders  of  the  Raleigh  ^-  Gaston  Railroad  Company  : 

Gentlemen  :— TliC  Board  of  Directors  respectfully  submit  their  re- 
port for  the  fiscal  year  ending  ]\Iay  31st,  1876. 
The  receipts  of  the  Company  have  been  as  follows  : 

From  Freights, 8170,780  41 

"      Passengers, 64,009  20 

"     Mail, ",275  00 

••'      Miscellaneous  sources 180  83 

Making  total  receipts, $242,245  44 

It  will  be  noticed  that  there  has  been  a  decrease  in  receipts  from 
freights  of  $11,130.53 ;  a  decrease  in  receipts  from  passengers  of  $7.- 
191.92,  and  a  decrease  in  receipts  from  mail  service  of  $754.70. 

The  decrease  in  receipts  from  the  transportation  of  freights  and  pas- 
sengers is  due  chiefly  to  the  depressed  condition  of  the  country,  whilst 
that  reported  as  being  from  mail  service  is  due  to  the  fact  that  the  re- 
port of  the  receipts  from  mail  service  of  the  last  year  embraced  receipts 
for  thirteen  months  service  instead  of  for  twelve  months  service,  as  is 
embraced  in  the  present  report. 

To  counterbalance  the  decrease  in  receipts,  the  Board  are  gratified 
to  be  able  to  report  that  there  lias  been  a  marked  decrease  in  the  ex- 
penses of  the  Company. 

The  statement  of  what  has  been  usually  classed  as  operating  ex- 
penses, exhibits  that  there  has  been  expended  under  this  head  the  sum 
of  $153,544.44.  or  $11,487.61  less  than  the  previous  year,  whilst  the 
total  expenses  of  the  Company  have  been  $211,880.98,  being  $39,312.29 
less  than  the  previous  year — leaving  a  residue  of  net  profit  of  $30.- 
364.46,  being  a  net  profit  of  $20,415.97  greater  than  for  the  fiscal  year 
ending  May  31st,  1875,  notwithstanding  the  loss  in  revenue. 

Tt  is  proper  to  state  that  the  expenditure  of  the  Company  includes 
$41,728.32,  being  the  cost  of  1,001  tons  of  new  rails  over  the  amount 
received  from  sales  of  old  rails,  and  it  also  includes  the  cost  of  24,265 
cross-tics,  of  one  new  baggage  car,  of  ballasting  twelve  miles  of  track, 
and  the  purchase  of  real  estate  in  Raleigh,  costing  $2,300. 

It  was  reported  to  the  Stockholders  in  the  report  of  the  fiscal  year 


CO. 


12  President's  Report. 


ending  May  .'{Isl.  187;"),  that  all  the  bridges  \vcrc  new  and  in  excellent 
condition,  with  the  exception  of  the  liridge  over  Neuse  river. 

'J'hi.^  bridge  is  now  being  replaced  by  a  Howe's  truss,  and  with  this 
exception  the  Board  are  able  to  report  that  the  roadway,  bridges, 
machinery,  cars,  and  other  property  of  the  Company  are  in  excellent 
condition. 

Since  the  last  annual  report,  the  Raleigh  &  Augusta  Air-Line  Rail- 
road has  been  placed  under  contract  to  a  point  on  the  Carolina  Central 
Railroad  near  the  town  of  Rockingham,  and  will  probably  be  opened 
to  traffic  early  in  October. 

On  the  1st  day  of  October  last,  Dr.  W.  J.  Hawkins,  under  whose 
administration  the  affairs  of  the  Company  prospered  for  manj^  years, 
and  to  whose  conception  and  active  exertions  the  building  of  the  Ral- 
eigh &  Augusta  Railroad  is  due,  tendered  his  resignation  as  President 
of  the  Company  on  account  of  ill  health,  and  the  Board  elected,  to  fill 
the  vacancy,  Maj.  Geo.  W.  Grice,  who  had  been  for  some  years  an  ac- 
tive member  of  the  Board.  Maj.  Grice  at  once  assumed  charge  of  the 
affairs  of  the  Company,  but  on  the  12th  day  of  November  he  died  sud- 
denly at  Portsmouth,  Va.  In  his  death  the  Company  experienced  a 
severe  loss,  for  united  to  administrative  ability  of  no  common  order, 
he  possessed  the  rare  faculty  of  gathering  to  himself  the  esteem,  confi- 
dence and  friendship  of  his  fellow  men . 

Respectful!}^  submitted  by  order  of  the  Board, 

JNO.  M.  ROBINSON,  President. 


U>o 


Report  of  Superintendent. 


zA5 


Raleigh  <!fc  Gaston  Kail  Koad  Company. 
Superintendent's  Office. 
Raleigh,  N.  C.  Juli/  Is/,  187(i. 
Jno.  M.  Rop.iNSOX,  Ksy..  President  R.  <j-  G.  R.  R., 

Sir  : — In  accordance  with  the  established  custom,  I  have  tlie  honor 
to  submit  the  following  report  of  the  operations  of  this  road  for  the 
year  ending  May  31st,  1870  : 

I  was  tendered  the  position  1  now  hold  on  the  1st  of  November  last. 
by  the  late  lamented  Maj.  Ceorge  W.  Grice,  President,  who  within  a 
few  days  after  my  election,  died  suddenly  at  bis  residence  in  Ports- 
mouth, Virginia.  Tt  was  not  my  good  fortune  to  have  a  long  acquaint- 
ance with  Maj.  Grice,  but  the  feAV  days  I  was  permitted  to  enjoy  his 
confidence,  convinced  me  that  in  his  death  the  Company  lost  a  valu- 
able officer,  and  I  a  sincere  friend. 

The  year  just  closed  has  been  unusually  severe  on  Railroads,  and  we 
with  the  others,  have  suftered. 

The  receipts  have  been  as  follows  : 
From  Freights, §170,780.41 

"     Passengers, 64,009.20 

"     Mails, 7,275.00 

••      Sundries, 180.83 


Total  receipts, $242,245.44 

Operating   and    ordinary     Expenses — Conducting 

transportation, .$59,654.42 

Maintenance  of  Way 41,166.21 

Machinery  Department, 30,956.38 

Salaries, 10,904.17 

Miscellaneous, 4,863.26 


Total, $153,544.44 

To  which  add  other  expenditures,  including  pur- 
chases of  real  estate,  buildings,  bridges, 
&c.,  as  per  Treasurer's  statement, $16,610.22 

New  rail,  after  deducting  sale  of  old  rails, 41,726.32 


Total  expenses, $211,880.98 

Leaving  a  balance  of  $30,304.40  profit  for  the  year,  being  a  gain  of 
$20,415.97  over  the  profits  the  previous  fiscal  year,  notwithstanding 
our  receipts  have  fallen  off  $18,890.32  from  those  of  last  year. 

The  roadway  is  in  excellent  order.  There  have  been  twelve  miles  of 
new  rails  laid  ;  24,265  new  cross  ties  put  in  the  track ;  twelve  miles  of 
track  -well  ballasted,  and  nearly  all  the  ditches  well  cleaned  out. 

(15) 


W^  ■  Q^. 


There  fire  1,87(3  cords  of  wood  on  hand,  and  about  3,000  cords  of 
seasoned  wood  delivered  but  not  yet  received  by  the  Company. 

A  new  water  tank  of  10,000  gallons  capacity  has  been  put  up  at  Wel- 
don,  the  one  there  being  much  decayed,  and  always  too  small. 

A  new  warehouse  has  been  erected  at  Middleburg,  the  new  Station 
between  Henderson  and  ^Nlanson,  in  obedience  to  an  order  of  the 
Board  of  Directors. 

The  contract  for  the  construction  of  the  bridge  over  Neuse  River,  to 
replace  the  old  lattice  one  there,  has  been  given  to  Mr.  D.  M.  Renno, 
the  builder  who  has  reconstructed  all  the  bridges  on  this  road.  The 
new  bridge  will  be  of  the  Howe  Truss  ;  rapid  progress  is  being  made 
with  this  work,  and  we  hope  to  be  able  to  raise  it  in  August. 

The  people  at  Forestville,  feeling  the  necessity  of  a  warehouse  at 
their  place  (the  one  they  had  having  been  mo\ed  to  Wake  Forest) 
sought  permission,  which  was  granted,  to  bui'd  a  warehouse  at  their 
own  expense,  and  they  have  built  and  paid  for  one  alike  c»-editable  to 
themselves  and  tjie  road. 

A  cotton  platform,  which  was  much  needed,  has  been  built  at  Ral- 
eigh, facing  on  Lane  and  Salisbury  streets,  has  already  proved  of  great 
benefit  to  the  public  as  well  as  to  the  road. 

The  bridges  are,  with  the  exception  of  the  Neuse,  in  good  order ;  the 
decks  of  tlie  bridges  over  the 'Tar  River  and  Cedar  Creek  have  been 
painted,  and  the  bridge  at  Jeffrey's  run  will  be  painted  at  once. 

Tlic  machine  shops  are  large  and  commodious,  and  have  the  capacit}- 
for  any  amount  of  work  wliich  will  probably  be  required  of  them.  The 
foundry  is  large  enough  for  ordinary  repair  work,  but  I  regret  it  is  not 
sufficiently  large  to  admit  of  casting  our  own  wheels,  which  I  think  Ave 
could  profitably  do. 

The  engines  are  generally  in  good  repair.  The  No.  5  is  now  being 
reconstructed  to  be  used  as  a  shifting  engine ;  the  boiler  is  completed 
and  in  the  furnace,  at  a  cost  of  6038.6'2.  Much  of  the  remaining  work 
is  on  hand.  We  have  twelve  engines  for  service,  the  No.  3  having  been 
condemned  as  worthless.  The  following  table  gives  the  number  and 
fliscription  of  each  engine  : 


mnh  Cardlma  State  Librae 


Supebintendent's  Report. 


17 


c— 

o 

o 

O 

«« 

o 

C 

o 

fcO 

c 

(X 

P. 

CONDITION. 

^■^ 

S    !^ 

,13 

o 

2  >, 

5a 

.£P 

S^ 

•^ 

i> 

^ 

3 

'~^ 

1 

1 

11  X  22 

4 

20 

Rebuilt  1870 ;  good  order. 

■) 

11  x26 

4^ 

18 

Built      1854;       "         " 

4 

11  x24 

a 

20 

1        Rebuilt  1872;       " 

11  x24 

Being  reconstructed. 

13x24 

5 

22 

Built      1854;  good  order. 

9 

13x24 

5 

22 

1855;       '• 

10 

14x24 

5 

25 

Rebuilt  1874;       " 

11 

13  X  24 

5 

22 

Built      18.59;       " 

12 

15  X  24 

4^ 

26 

''         1867;       "        " 

13 

15  X  24 

4^ 

2G 

1870;       " 

14 

15  X  24 

4| 

27 

1S72;       '■''        " 

15 

15  X  24 

4*^ 

27 

1872;       ''        " 

Our  passenger  equipment  is  in  good  order,  and  will  compare  favor- 
ably with  any  road  in  the  State. 

The  freight  cars  are  generally  in  good  order,  and  are  kept  m  good 
repair.     The  following  is  a  list  of  cars  : 
2  First  Class  Cars. 

11  old  Cars. 

2  new  Baggage  Cars. 

3  old  '^  " 

3  "  "         •'    as  Shanties. 

1    "     Express  Car. 
88  Box  Cars. 
43  Flat  Cars. 
10  Gravel  Cars. 

Besides  the  regular  and  ordinary  repairs  we  have  built  for  the  Ral- 
eigh &  Augusta  Air-Line  a  new  Baggage  and  Express  Car,  and  one  for 
this  road  at  a  cost  of  $2,360.79  each,  and  converfed  three  old  box  cars 
into  shanties  for  use  on  the  Raleigh  &  Augusta  Air-Line,  and  have  built 
9  section  cars.  We  have  also  reconstructed  5  box  cars  with  Winslow 
roof  to  replace  old  numbers,  and  five  fiat  cars. 

We  have  been  singularly  fortunate,  having  had  no  accidents  to  life  or 
property ;  and  it  gives  me  pleasure  to  testify  to  the  faithfulness  of 
officers  and  employees  in  all  departments. 

Respectfully  submitted, 

JNO.  C.  WINDER, 

Superintendent. 


Report  of  Treasurer. 


TEEASURER'S  STATEMENTS. 


No.  1 — Earnings  of  Road  for  fiscal  year  ending  May  31,  187G. 

No.  2 — Transportation  expenditures  for  the  year  ending  May  31, 
1876. 

No.  3 — Annual  statement  of  receipts  and  expenditures  for  year 
ending  May  31,  1876. 

No.  4 — Resources  and  liabilities  of  Company,  May  31,  1876. 

No.  5 — Auditor's  statement  of  the  monthly  earnings  of  Road  at  the 
several  stations  for  the  fiscal  year  ending  May  31,  1876. 

No.  6 — Auditor's  statement  of  tonnage  and  miles  at  each  station, 
North  and  South,  for  the  year  ending  May  31,  1876. 

No.  7 — Statement  of  General  Passenger  and  Ticket  Agent  for  the 
year  ending  May  31,  1876. 

No.  8 — Table  of  annual  receipts  from  Freight  and  Passenger,  from 
organization  to  May  31,  1876. 

W.  W.  VASS, 

Treasurer. 
Office  Raleigh  &  Gaston  R.  R.  Co., 
July,  1876. 


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23 


No.  2. 

Transportation   Expenditures   of  the   Raleigh  &   Gaston 
Railroad  Company  from  June  1, 1876,  to  May  31, 1376. 


Conducting  Transportation  : 

Embracing  cost  of  conductors  and  train  hands,  engine  runners, 
firemen  and  wiiiers,  &c.;  agents  and  labor  at  depots;  stock 
killed ;  losses  and  damages  ;  overcliarges,  &c., 


Maintenance  of  Way: 

Embracing  cost  of  8uperlnt«ndence,  labor  road'way;  subsistence; 
repairs  bridges  and  culverts ;  ties  ;  repairs  tools,  tanks,  &c.,.. 

Machinery  Department  : 

Embracing  cost  of  repairs  engines,  construction  and  repairs 
cars  and  coaches,  including  material,  oil,  &c 


Miscellaneous  : 

Salaries  of  Officers — President,  Superintendent,  Treasurer  and 

Secretary,  and  Auditor, 

Printing  and  advertising  ;  incidental  expenses  ;  office  expenses  ; 

mileage  iiaid  other  roads, 

Paid  attornery's  lees,  and  Court  costs  ;  real  estate  ;  agencies ; 

draw-backs  ;  insurance  ;  bureau  of  immigration  ;  buildings  ; 

personal  damages  and  Neuae  river  bridge,  &c., 

Paid  iron  rails — deducting  sales  old  rails, 


Total $211,&80  88 


^  .50.6.J-1  12 


41,166  21 


36,956  :;8 


904  17 
8G3  26 


(110  23 
726  82 


Treasubkr"s  Report. 


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No.  3. 

Annual  Statement  of  Raleigh  &  Gaston  Railroad  Company 
from  June  1,  1875,  to  May  31,  1876,  inclusive. 


EARNINGS  from  freight,  passenger.s,  mail  and  miscel- 

laneouR,  for  year  emling  May  .^1,  1870 

TOTAL  EXPENDITURES  for  .same  reriod .' .'.!!.'' ." 

PROFITS  of  transportation  for  the  year, 

Sales  of  Ist  mortgage  bond.s,  at  par *182,OO0  (W 

Sales  of  sinking  fund's  honds,  to  pay  debt 34,0(10  00 

Kale.s  of  "investments"  bonds 5  (X)0  W) 

Received  Interest  on  guaranteed  stock  R.  &  A.  A -i,.   R. 

R.  Co. , 4-5,064  87 

Received  interest  on  account  sinking  fund, 4  541  80 

Balance  May  31,  I8T5— brought  forward, 94877  ')9 


Amount,. 


PAID  DEBT— bills  payable.  In  full *  3-5  000  00 

Paid  interest  on  1st  mortgage  bonds 39'348  IB 

Paid  interest  on  lat  loan, 3' 180  00 

Paid  interest  on  bills  iiayable,  &c., ,'.'..     i'oGl  59 

Investment.s— paid  for  guaranteed  stock  in  the  Raleigh 
&  Augusta  Air-Line  R.  R.  Co.,  at  par 220  000  00 


Balance, 

Balances  : 


Cash  In  city  banks, $  43  MS  18 

Caahoncall ;...;;       23;95b  85 

Bills— receivable 3^609  00 

9  55 

314  35 
391  59 
56B  15 
683  75 


Postotflco  department,  due  on  account, 

United  States, 

Southern  Express  Company, ..'.......!... 

J.  M.  Pool,  Auditor 

City  of  Raleigh, '..'.'.'.'.'.'.'. 

Trace  Agency, 

Agents  at  stations,  other  Companies  and  mlscellaiie 
ous— baliince, .  _ . .  _^ 22,498  44 


$  242,245  44 
211,880  98 


$    30,3(i4  46 


365,484  66 
*  395,849  12 


298,592  75 
*  97.256  37 


$    97,256  37 


1876. 


May  31.    Balance  on  hand  thi.s  date,  brought  forward, 


97,'?5f<  .37 


W.  W.  VASS.  Treasurer. 


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235  00 

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153  80 

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415  77 
201  15 
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215  13 
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1        310  13 
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343  55 
715  70 
242  25 
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317  80 
224  05 
256  95 
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584  21 

619  04 

1,295  87 

2,907  51 

2,511  28 

1,937  70 

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July,                  " 
August,            " 
September,       " 
October,            " 
November, 
December.       " 
January,         1876, 
February,         " 
March,               " 
April,                  " 
May,                   " 

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Auditor's  Report. 


c/g|9rQ 


No.  6. 

Statement  of  Tonnage  and  Miles  at  each  Station,  North 
and  South,  During  the  Fiscal  Year  ending  May  31, 1876. 


STATIONS. 


Raleigh, 

Neuse, , 

Wake 

roungsville, 

Franklinton 

Kittrells, 

Heuderson, , 

Junction, 

Ridge  way 

Warrenton, 

Macon 

Littleton, , 

Gaston, 

Weldon, 

Total  Local, 

Through  Tons, 

Total  Thro'gh  &  Local 


NORTH. 


Tons. 


2,129 
207 
100 
218 

1,257 
23 

1,346 
457 
445 
528 
430 
933 
916 


11,579 


20,568 


Miles. 


60,920 
18,565 

7,642 

4,252 
89,265 

1,176 
73,366 
23,2.52 
18,774 
19,505 
14,118 
19,612 

9,792 


360,2.39 
1,157,900 


1,518,139 


SOUTH. 


Tons. 


175 

247 

168 

399 

79 

368 

138 

124 

36 

40 

60 

55 

11,930 


13,819 
19,903 


33,722 


Miles. 


1,723 
4,125 
9,750 

10,244 
2,702 

13,238 
6,379 
4,231 
1,925 
2,444 
4,358 
2,500 
1,140,020 


1,203,639 
1,990,200 


3,193,839 


TOTAL. 


Tons. 


2,129 
382 
347 
386 

1,656 
102 

1,714 
595 
569 
564 
470 
993 
971 
11,930 


22,808 
31,482 


54,290 


Miles. 


60,920 
20,288 
11,767 
14,002 
99,509 
3,878 
86,604 
29,631 
23,005 
21,430 
16,562 
23,970 
12,292 
1,140,020 


1,563,878 
3,148,100 


4,711,978 


General  Ticket  Agent's  Report. 


125 


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Raleigh 


2  S 
6   » 


for 


^PAMPHLET  BINDER 

^^Z:  Syrocosa,  N.  Y. 
^^^   Stockton,  Calif. 


STATE  LIBRARY  OF  NORTH  CAROLINA 


3  3091  00738  9984 


'^'    .^ 


