Library 
 
 OP THE 
 
 University of North Carolina 
 
 This book was presented by 
 
 Of 385. I - /98G p l 
 
■"Oiffof M^Det 
 
 Doc. ]STo. 38.] [Ses. 1858-'9. 
 
 Ordered to he Printed. 
 
 Holden & Wilson, Printers to the State. 
 
 REPORT OF THE PRESIDENT OF THE ATLANTIC 
 AND NORTH-CAROLINA RAILROAD COMPANY. 
 
 To his Excellency Governor Bragg : 
 
 Sir : Having been quite ill, and the Chief Engineer of our 
 Road being absent, I have only time in reply to your request, 
 to make a hasty statement of the condition of the Atlantic & 
 North-Carolina Railroad Company, and of the present condi- 
 tion of the Road and works thereon. 
 
 ASSETS OF THE COMPANY. 
 
 Craven County Bonds, $ 32,000 
 
 Individual Bonds, 29,000 
 
 $ 61,000 
 Carteret Connty subscription, 50,000 
 
 $ 111,000 
 Balance due Gov. Morehead on con- 
 tract, including all extra work, $ 20,000 
 
 C. B. Wood, 40,000 
 
 Carolina City, • 10,000 
 
 70,000 70,000 
 
 $ 41,000 
 
 We have in Newborn and Goldsboro', about $8,000 worth 
 
~ Document Ko. 38. [Session 
 
 real estate that can be sold without injury to the Company • 
 but we owe about $17,000 for two locomotives. We have 
 turn tables and passenger sheds to buy and build, which will 
 exhaust the $41,000. However, I believe we are now fairly 
 out of the woods, and if we had the $116,000 loss sustained on 
 State bonds, we could pay the interest on the loan without 
 feeling it. As it is, I do think that interest should be remit- 
 ted, at any rate up to this date. The discount on loan of State 
 bonds, was $50,000 ; and I am quite sure no one could com- 
 plain of the price obtained when they were sold. Doubtless 
 the proper course for the State and Company was pursued in 
 the disposal. Mr. Stanly's contract has been long since set- 
 tled and accounts balanced. Mr. John C. Washington has 
 been paid nearly or quite up to his contract, and his extra 
 work cannot exceed a few thousand dollars. His matters are 
 now in the hands of a committee to investigate and lay before 
 the Directors. The committee consist of Thompson, of Wayne, 
 Ramsey, of Carteret, Desmond and Wooten, of Lenoir, all 
 State Directors — and the Treasurer of our Company and Chief 
 Engineer. I think we are in a fair wav to settle our differ- 
 ences with Carteret county, and obtain at once a portion of 
 their bonds. It is right that we should calculate for a loss of 
 at least 10 per cent, on the bonds of the counties, as they will 
 hardly bring over $90. I would sell at that price. The indi- 
 vidual bonds mentioned were not given by contractors, but 
 are perfectlj good and available, and worth dollar for dollar. 
 
 Works remaining unfinished and to be finished by contrac- 
 tors : 
 
 3,000 cubic yards embankment at Morehead City. 
 
 Culverts : to finish the culverts about 225,000 brick will be 
 required, which are now ready for delivery. 
 
 Bridges are all completed, except the covering in of Bear 
 Creek and Stony Creek, in Washington's contract ; ware- 
 houses at Mosely Hall and Kinston ; the first is framed, and 
 the latter frame being sawed and brick burned, which will be 
 delivered in a few days. These buildings will be in Wash- 
 ington's contract. 
 
 The warehouse at Morehead City, most of the lumber sawed 
 and framing commenced, in Morehead's contract. 
 
 • 
 
1858--9.] Document No 38. 3 
 
 Works to be finished by the Company are not embraced in 
 contract. 
 
 The passenger shed at Goldsboro' will be enlarged for the 
 accommodation of our Road in a few weeks, and will cost 
 about $2,500. 
 
 Track to be extended down Railroad street in Goldsboro', 
 from intersection of Wilmington Road, and connected with 
 the North-Carolina Railroad ; it will be about one mile in 
 length ; but all the materials for it are on hand and paid for. 
 
 The Trent River Bridge is not covered, but will be covered 
 about the 1st of January. This work will cost some $8,000. 
 
 Embankments to be made by Company at leisure time, 
 about 5,000 cubic yards along line of Road — cost say, $3,000. 
 This work can be postponed for a while ; but it is best not to 
 neglect it too long. Therefore, as soon as we get the locomo- 
 tives out of the hands of the contractors, a train will be used 
 for the filling in, &c. There is not a foot of trestle on the 
 Road, from Goldsboro' to Beaufort harbor. 
 
 We have no carpenter shop ; one can be constructed for a 
 very small sum of money. But it would be advisable to build 
 one entirely fire proof; therefore, it would cost $5,000. 
 
 A wooden building could be put up for 800 or $1,000 ; but 
 it might burn $10,000 worth of cars. This building can, and 
 will be, postponed at present. 
 
 It will be necessary to construct one or two additional wa- 
 ter stations in the course of a year along the Road. 
 
 This work would finish everything up, with the exception 
 of passenger sheds at Morehead City ; but as it is doubtful 
 where to place it, only a temporary one will be erected at 
 present. 
 
 I close this statement with the expression of my regret that 
 I had not more time, and the aid of the Engineer and Trea- 
 surer of the Company, which would have enabled me to pre- 
 sent a fuller and more accurate report ; but the statements I 
 have given to you, are substantially correct. 
 Very respectfully, 
 
 JOHN D. WHITFORD, 
 Pratt At. & M. C. R. R. Cornp. 
 
UNIVERSITY OF N.C. AT CHAPEL HILL 
 
 00042071792 
 
 FOR USE ONLY IN 
 THE NORTH CAROLINA COLLECTION