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N&O ( N-C-O ) Report to the Secretary of State (Nevada)

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  • darney@attglobal.net
    The Grim Humor of a Disgusted Present This report to the Nevada Secretary of State of Nevada for the year of 1882
    Message 1 of 1 , Aug 26, 2001
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      The Grim Humor of a Disgusted Present

      This report to the Nevada Secretary of State of Nevada for the year of 1882                                                                        It is a remarkable document and it needs to be read line by line to get the full impact

      THE N. & O. RAILROAD February 5, 1883

      To the Honorable Secretary of State of the State of Nevada: In conformity of the statutes of the State

      Of Nevada, I herewith summit the following report of the operations of the Nevada & Oregon Railroad during the year 1882:

      Capital stock.....................................................................................$6,000,000

      Amount of full paid stock issued to January 1, 1883..........................$629,000

      It is impossible for the present officers to give the amount of full paid stock issued to January 1, 1883, for the reason that in consequence of the various difficulties that this company have been laboring under since its organization. The books of the company have been scattered, its vouchers lost, and the data from which these statistics would be derived are not to be obtained by its present officers.

      No cash has been expended for land by the present company.

      No engines, cars or buildings are owned by the corporation.

      Of the amount and nature of the indebtedness of the company it is impossible to speak with any accuracy, in consequence of the books, vouchers and accounts being stolen, lost and mislaid by the former officers of the company, beyond the bonded debt of the company.

      Amount of morigage...........................................................................$3,000,000

      Bonds issued............................................................................................600.000

      Bonds negotiated......................................................................................310,000

      Bonds in treasury......................................................................................290,000

      Floating debt, including all claims and demands

      against the company of whatever nature....................................................250,000

      Nothing is due the company as far as known.

      Amount received for transportation from October 2 to December 31, 1882 inclusive:

      For passengers................................................................................................................... $ 700

      For freight.......................................................................................................................... 1,288

      For mails and express........................................................................................................... 185

      Total.....................................................................................................................$2,173

      Amount of freight transported, 400 tons.

      No classification has been made.

      In consequence of the chronic impecuniosity of the corporation it has not had enough funds to comply with the laws of the State in relation to the keeping of account books, as required by law, as the officers have received no compensation since they were connected with the company, but have been compelled to find for themselves and work for nothing.

      No dividend has ever been declared by this accursed corporation, and it is safe to bet that none ever will be.

      The corporation owns no cars or engines, houses or shops of any kind in this State. The company owns no cars or engines; those on the road are owned by private parties.

      The net profits of the road have been nothing, as the corporation was conceived in iniquity and born in fraud. Every honest friend of the enterprise has been swindled and robbed, and disaster has overtaken all persons who have been connected with it in any capacity.

      (Signed): D. W. BALCH

      President Nevada and Oregon Railroad.

      Carson, Nev., Feb. 1 1883.

      I,     D. W. BALCH President of the Nevada and Oregon Railroad Company, do solemnly swear that the forgoing report is full, true and correct to the best of my knowledge and belief.

      (Signed): D. W. BALCH

      Subscribed and sworn to before me, this day of February, 1883 James G. CHESLEY,

      [seal] Notary Public.

      *************************

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