White Sulphur Springs: Statement of Receipts and Expenditures, 1860
Financial accounts from 1860 for the springs are sobering, but Burke’s assessment in 1846 was encouraging, “We learn that the Springs, with the great landed estate attached to them, are offered for sale at three hundred and fifty thousand dollars, and it is stated that some years ago, the proprietors refused half a million for them. They are well worthy the attention of capitalists.” {Burke, 183}
John Hartwell Cocke, Papers, 1725-1931, Accession 640, Special Collections, University of Virginia Library.
This 1860 statement of receipts and expenditures shows that the hotel brought in more money than the other categories. Other items in order of the magnitude of income are the bar, rents, sale of water, shooting gallery, bowling alley, and bath house. The account of the Hotel Department (supplies, salaries, servants, bar, waggonage, freight, laundry, water, miscellaneous) consists of the greatest expense. Other major costs were for interest, furniture, and repairs. Expenses appeared to be $60,000 more than income for the year.
Notes:
William Burke, The Mineral Springs of Western Virginia, New York: Wiley and Putnam, 1846.
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