1 OT Loan account 8 per cent. due boxinpero sumptni eni Negro Bonds, yd boneissoo0847.74080 esp. 0000848 505,299 04 1,385,15 16 to atald T via ea bine. A $ 5,890.45201A The Negro Bonds and some of the accounts due from individuals and other Companies are standing on our books at Confederate prices, but in rendering this exhibit, they have been reduced to that, which, in equity would be considerad just to all parties. F. A. STAGG, WILMINGTON, CHARLOTTE & RUTHERFORD R. R., 30, 1865, To the HON. JONATHAN WORTH, Pub. Treasurer toys Join a bas sis SIRI beg leave to submit the following report containing the information required by your Circular, dated June I 23d, 1865. I owe it to myself to say that the Circular did. not reach this office until long after its date. I The loss to this Company, occasioned by default of the Confederate Government, in round numbers, amounts to! $550,000. The damages to the road and machinery, occasioned by the operations of the military, are estimated, in present currency, to amount to $75,000. The State of North-Carolina owns no stock in the road. Her aid was given by exchange of Bonds. The following statement will show the debts and available assets of the Company: DEBTS. Amount due to the State of North-Carolina, $ 2,000,000 interest due on the above, 2 years, 240,000 ་¢ when the road is completed and in operation on section on which the work was done, Amount Bills payable for iron, &c., Sundry accounts reduced to present 160,000 150,000 f9j}} cd €9°3c»•1! 61% b6、,y"; CREDITS. Priest fall to toengelsvab Amount North-Carolina bonds on hand, 66 66 $ing375,000 fon at 80,000 di la magsiquias y Coupons now due, Iron account furnished Confederate States by order Gov. Vance, under protest of felling this Co., 180 tons at $100 per ton, son18,000 Amount Iron Fayetteville and Western R. Rb vasi lain Co., by order of Gov. Vance, 106 tons,at A #1090 $100 10,600 Amount accounts transportation for State of Notes V7 C., reduced to present currency, Amount Anson County Bonds, by out,b,22,500 edo 100,000 Union County Bonds, book wit be a 30,000 Value Real Estate and Machinery, 230,000 Value of Road complete and in opera dons ¿T :::2,120,000 tion, Amount value grading and bridging on unfin boat100 ished sections,it meitźba duze naturem sv1300,000 I Amount Bills receivable, we ft 2 of 45.000 Amount Capital Stock to be paid in, to adding edt 160,000 #nod exi- won yluan di aşkla $3,461,100 In making up this statement, omitting all nominal and doubtful accounts, actual conditione, have selected only such as will show the of the Company. I The cost of completing the whole road, with a full amount of equipment, according to the original estimates, is less tha $1,500,000. malt ponbat at alle maid jou svad 1 The amount which will become due from the State of North Carolina, as the different sections according to the charter, will amount to $1,150,000. This, with the balance which is shown to the credit of the Company in the foregoing statement, and the receipts from that portion of the road which is in operation, is amply suffi cient, with prudent management, to complete the road, and put at it in successful operation. Ouce completed, there is every reason to believe that it will afford one of the best The enclosed statement will show the amount and condiOion of our machinery and rolling stock. I have, already, contracted with parties in the Northern States, upon a credit of twelve months, for such additions to this machinery as will enable us to work the road with advantage to th to the Company and to the public at large. I have, also, purchased the • Steamer steamer "General Howard." She is nearly new-has been put in perfect order, and is running daily in the service of the Company. I deem botnales eyed I inngoon Imid sob it proper to repeat, here, what I have already stated to you in a private letter T CO 8010 The books and of 24his Company have been scattered anale futons and paper thrown into great conlimited flowers to time allowed to you, I have not been able to reduce them into such shape as will |