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 UNIVERSITY OF N.C. AT CHAPEL HILL 
 
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Doc. 
 
 No. 24.] [Ses. 1858-'9. . 
 
 Ordered to be Printed. 
 
 
 Holden & Wilson, Printers to the State. 
 
 MEMORIAL OF THE WESTERN RAILROAD 
 COMPANY. 
 
 To the Honorable, the Senate and House of Commons of 
 the General Assembly of the State of North-Carolina. 
 
 The undersigned, the President and Directors of the West- 
 ern Railroad Company have been directed by the stockhold- 
 ers of said company to lay before your honorable bodies, a 
 statement, of the condition and prospects of their road, and 
 to solicit your favorable consideration of a bill for aid to said 
 work, which they have requested their representatives to in- 
 troduce during the present session. 
 
 Our object is to show you what has been done on our road, 
 and to satisfy you that the aid we ask will insure its comple- 
 tion to the coal fields, and certainly develop the vast mineral 
 resoures of the State. 
 
 The length of the line from the Cape Fear to Deep River, 
 including sidings is 48 miles, to which our engineer has added 
 for lateral tracks in the coal region, 3 miles, making 46 miles 
 of road, for which his estimate is as follows : 
 For graduation on the first 25 miles, based on con- 
 tracts, more than half of which has now been 
 completed and the remainder in progress, $209,692 56 
 
 For graduation, 3rd Division, IS miles, for which 
 
 we have an offer below estimates, 104,631 00 
 
 For superstructure on the first 13f miles, based 
 
 on purchase of iron and contracts made, 91.438 33 
 
 ! 
 
2 Document No-. 24. [Sessioo 
 
 For superstructure of 29| miles, to Deep River, 
 
 based on iron at $60 per ton, $203,675 00 
 
 For contingencies, 5,000 0O 
 
 Making for graduation! and superstructure,. $614,436 89» 
 For 12 engines, 500 coal-cars, box-cars, gravel 
 
 and other cars, 270,580 00 
 
 For water stations, depots, shops and fixtures for 
 
 trans-shipping coal, 95,000 00 
 
 For 3 miles of track to coal pits, 45,000 00 
 
 #1,025,016 80 
 The offer that was made for the graduation of 3rd division 
 was based upon a proposition to take one-third of the pay in 
 bonds ; with cash in hand, at least $20,000 could be saved there. 
 The iron has been contracted for at ten dollars per ton less 
 than estimates, making a saving of twenty -five thousand dol- 
 lars on that item, and from the estimates for engines and roll- 
 ing stock, we may safely deduct $70,000,, for if the business- 
 of the road in the next four years, should require the amount 
 estimated for, we will be abundantly able to buy it, without 
 resorting to bonds. Deduct these three items from the esti- 
 mates, and we have as the total cost of the road, $905,016. 
 Our subscriptions which we consider good, though 
 a small portion of them are no>t at present 
 available, amount to $341,232 0O 
 
 We ask for aid amounting to 600,000 00 
 
 $941,232 0(> 
 A sum sufficient to complete and! eejnip the road and pay the 
 first quota of interest on the bonds we may issue. 
 
 Of our capital stock, we have expended $297,000, and we 
 have 12^ miles of road completed and in operation ; eight miles 
 more on which the gradation has progressed so far that it can 
 be completed in two months; and four miles more on which 
 the graduation, (which is extremely heavy,) is about half done ; 
 the remainder of the line, 17£ miles, has been surveyed and is 
 ready for the contractor, and the work is of such a character 
 
1858- T 9.J Document No. 24. 3 
 
 that it can be completed in six months. The iron for the re- 
 mainder of the road lias been contracted for at $50 per ton, 
 duty paid, deliverable in New York, — will arrive there during 
 this and the next month, and is to be paid for in four months 
 after arrival. If the laying down of the iron can be com- 
 menced by the first of February, the whole line can be com- 
 pleted by the first September next. 
 
 We may have committed an error in making a contract for 
 this iron, when we did not know exactly how it was to be paid 
 fear, but we were so deeply impressed with the importance of 
 the early completion of this work, and were so> anxious that 
 in applying to your honorable body for aid, we should come 
 before you with as few estimates as possible,, that we could 
 not resist the temptation to avail ourselves of the depressed 
 state of the iron market, and should you favor our application 
 or extend to us your aid, in any other way, more agreeable 
 to yourselves, we are confident that we will have saved at 
 least $25,000, and hastened the completion of the work at 
 least six months. 
 
 Our representatives who have the bill in charge, will ex- 
 plain its details, and why we apply for aid in that way, and 
 will also, show the importance of this road to the whole State, 
 and its vital importance to this community. 
 
 We have given you a full and fair statement of facts. Again 
 invoking a favorable consideration of our application for aid,. 
 We subscribe ourselves, 
 
 Very Respectfully, 
 
 Your ob't servants, 
 
 C. B. MALLETT, President. 
 
 George W. Hill, 
 
 Henry L. Myrover, 
 
 L. J. Hinsdale, 
 
 John H. Cook, 
 
 Wm. McLahtrin, 
 
 James Kyle. 
 
 T. S. LuTTERLOH r 
 
 W. T. Hornet, 
 A. A. McKethan, 
 
 Directors Western Railroad Company *