Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-03-07

person is COmmltteu or UlScnarged Oy any police
magistrate justice of the peace, shall take place
open court, and il shall not be lawful for any mag
istrate to hear and determine, far as committing
and discharging, any charge whatever in private"
Railroads.
We have been crowded with matters of various
kinds. of general political character that we have
had but small chance to notice such as have a
more immediate bearing local and CONNER
cin interests. II is not too late, however, to give
bird's-eye view of of the prominent of the
facilities in possession Stale, and thereby to
direc, public attention to the same.
We have before the seventh annual report of the
Madison and indianapolis Railroad Company for the
year ending December 81, IS49.
The Report says
"The time fixed for the annual meeting of the
Board was upon this occasion. followed 50 immedi-
ately upon the close OF the fiscal year, to some-
what enibarras the officers of the Company. in pre-
senng the business and condition Of the Road. The
actual receipts and expenditures in the Road Depart
ment proper, with the earnings of the Road, are
readily arrived at and will be accurately given but
in the stock account for the improvement of the
Road. there may be some uncertainty, owing to the
fact that have not been able get our accounts
current from New York, and New Orleans, and also
from the fact that at the close Of the year had
large amount of iron at New Orleans, Mt Lafayette,
and the rivers for freghts and duties upon which
have advanced funds, the specific appropriations
Of which have not been communicated to US in such
form as to enter accurately into our accounts
So far then the receipts and disbursements can be
brought up, they amount follows:
Total receipts, S4S3,6ll II
Total expenditures, 454.905 II
Leaving balance of, S2S,706 90
"This balance, though nominalIy in the hands of
the Treasurer has, in fact, been transferred New
Orleans, for payment of freight and duties on iron;
but the account and vouchers have not been
returned as to credit the Treasurer in due form.
The receipts and disbursements of the Road fund
proper. showing It's earnings during the year,
foilowsS
Receiyeafrom transportation of freight.
passepgefs>and U. S. Mail, S243, ,1S9 SO
Frouf other sources, Old Metal sold,
work done at shops for other roads
aud persons, &C., 4.730 45
Making total of, s247. 81
Amount paid legitimate expenses of Road,
as per items IN general uc-
Amount paid State, in stock,
rent, l,l52 04
1885 81
Net earnings, Sl09, ,237 So
dend, 5O,737 60
Leaving balance of. s5s,499 SO
Which gives to the stockholders a present dividend
of four and onebnf per cent for the last six months,
and eight and Onehulf per cent. for the year; with
surplus of 81 ,246 70.
In comparing results with the preceding report. it
must be borne in mind that the fiscal years of 164S
embraced but eleven months.
The total receipts from transportation and
mali service. during the past year, it
will be seen, are S243. .1s9 SO
During the fiscal year of ls4s, they were. 2I2Os5 So
Showing an increase of, $31 ,O94 "a
Notwithstanding this liberal increase, the receipts
have fallen much below our estimates. Those esti-
mates would undoubtedly have been realized. but for
circumstances entirely beyond our control indeed the
two leading ones may be regarded as dspensations
of Divine Providence"
The report then gives the reasons for the falling
off, viz the cholera and the failure of the wheat
crop, aud the difference sf prices at various places Of
the hog market, and conclusively shows, that
whstunding these drawbacks, the operations of the
year of the most satisfactory character.
The expenses of the road have been extraordinarily
increased for given, but which will not
cessariy follow in future years Besides the repairs
of old engines and cars, and the purchase of new
ones, the company have built, during the year,
two fine baggage cars, six new freight cars, six
teen hog cars, plane or lumber
cars, and eleven four wheel dirt cars. All the
expenditures for these, including 400 new wheels,
and I5O new axles, have gone to the charge of re-
pairs of aud machinery. The permanent
count Of "New Cars and Machinery" was charged
in l548, with SS3, ,767 81 in l649, it is charged
with $50, ,232 75-showng a reduction of S44 ,534 81;
and the charge in 1s49 is almost wholly made up Of
obligations incurred in ls4e and passed over to the
next year for payment. charged upon the permanent
funds. rf 80 "a sfiss-
The report says ~. -, t..-'. .e-.
$50 far as power is concerned, the road may be
regarded fully stocked for two three years.
less its running distance should be extended. If me-
goiiations now pending, for the running of two roads
meeting ours nj Indianapolis should be consummated,
shall want by the first Of October next, two 6rst
class freight engines The cars that may be requir
ed are within building capacities and can
he put up at much less cost, ard in better manner
than elsewhere. We have at present in process OF
construction two Passenger Cars, that required
! upon own road"
We have not space for further extracts at present
but to show. in addition the paragraph above, the
very rapid increase of the business Of the road, we
append statement of the present stock, which is
kept al cork all The time.
g Five lst class engines, I'd class do. 4; two
Sd class do. two 4th class DO. -Four 1st class pas
senger cars four Cd do; four baggage cars; two
horse cars; hfty-seven horse freight cars; twenty
lumber ninety-one hog cars five house freight
connected with the Shelbyville road eleven four
wheel hand cars; eleven four wheel sand and gravel
cars. 81. , Il
In auding 20 the progress Of railroads, ii is inter-
esiing to look back TO the commencement of the rail-