New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1853-11-30
New Orleans, jackson and Great Northsr,
Railroad COMPANY.

day and prices have advanced 10 per lb.
New Orleans, jackson and Great Northern
Railroad Company.
At meeting of tho Board of Directors of the New Or
leans, Jackson and Great Northern Railroad Company
held on the oath inst the following report read and
its publication ordered '.-i
TO THE DIRECTORS OF THE NEW ORLEANS, JACKSON
AND GREAT NORTHERN RAILROAD COMPANY;
Conference.-The undersigned has the honor lay before
you report from James H. Grant, Chief Engineer which
will inform Of the progress made In the surveys
location Of the cumpsny road and the condition Of its
work with estimate Of Of completing the same
from the city to the State line also beg leave submit
the ANNEXED statement from the Secretary receipts
The estimates of the Chief Engnees xhbit 81 OPT
the sum necessary to complete the road from the city
the State line and to meet this expenditure the
and resources of the company available within the period
when needed are deemed sufficient.
The Of the company and above the cost
Of the road to tho State line amounting two mil
lions OF dollars will be applicable to the grading and
strucon Of the road from thence to the Tennessee
and there reasonable expectation that the citizens
Mississippi the line the road with proof in favor of
its ultimate completion will have every motive to socee-
rate its progress by increasing their subscriptions and
would respectfully recommend the early adoption Of
plan best calculated to effect this purpose. With the
means secured to grade the road from the State line
the Tennessee river distance Of three hundred and
twenty-five miles there reason to strust ability
to command when required the faith of the works Of
the the means to procure the iron and
q complete equipment.
The undersigned with Mr. Slidei appointed a. your
to negotiate the mortgage bond Of the
pany, with view of providing sufficient fund in add.
ton to already secured to complete early
period the entire road from New Orleans the Tennessee
river proceeded to Tendon in July last On arrival
in that city asceraned that owing to the advancing
rates of interest caused by the apprehension Of serious
deficiency in the hsrvests and the probability of political
lists was quite impractcable to effect the sale Of
loans Finding this unfavorabs state Of affairs deemed
advisable defer placing the bonds the market for
sale and what has since TRANSFERRED in respect gen
eral depreciation the value Of public and railroad
securities will hope, be deemed suicent and satisac
tory for the postponement Of negotiations which
we are not without encouragement to appear
ance Of favorable change in monetary Affairs II the
company had been prepared to sell its bonds months
earlier entirely satisfied that the basis of their secu
r and the promises Of the scheme would have ensured
success Now that its works advanced and in
few section the city and the State
line will be finished and in operation, with two mil
lions Of dollars Of expenditure Is still more
to regard success neither equvocal doubtful tho
revival OF confidence and demand for stocks of acknow
edged security ,.-- t-.
If look to the history Of improvements commenced
In other States of the Union the have already
made will compare favorably with any similar enterprise
We have before certainty of being able to complete
nearly ninety miles Of road before the ensuing July
besides having overcome in it's construction difficulties
BY many deemed Understandable, but ascerained by
the Chief Engineer to be Of no serious Importance.
While daily experience is demonstrating that natural
channels of inefficient in competition with
those Of an artificial character and is suggestive of the
necessity of couneracting the powerful efforts made i'm
pair commercial superiority have derived the
late affecting epidemic fresh motives to animate zeal
company. Aside from the immense commercial impor-
lance they possess the convenience facility they will
anord to citizens and those of the interior States
not be in value when with the connections
Of our road with others completed and in progress under
the fostering aid Of the States of Tennessee and Virginia
Washington City may be reached In two days at q speed
u twenty I've miles per hour.
In the present condition of the company the progress
made in its works and the remaining their
extension we have every thing to hope and for
disbursement
Very respectfully, your obedient servant,
JAMES ROBB, President.
NEw oRLrAss, JACKSON AND GREAr NoRrHERs RAnRoAp,1
Engineer Department, New Orleans Nov. "a, 1858. I
JAMES ROBE, Esq, President
Sfr--In compliance with your request, communicating
the wishes of the Board of Directors that should SUBJ
NIT to them accurate statement Of the condition and
Of the works Of the company under my charge
respectfully report as follows:
SURVEY, LOCATION AND CONTRACTS
The entire line of road from New Orleans to Nsshviea
distance Of $40 miles has been carefully surveyed
final location made Of 400 miles between New Orleans and
Ghickasaw the Tennessee river ntersecting the Mem
phs and Charleston Road In Bear Creek Valley miles
from New Orleans 256H miles have been placed under
contract viz ST miles from New Orleans to the State
line, 1855 miles from the State line to Jackson u miles
from jackson to Canton, nd so miles from Aberdeen
south The entire line Of road free from any engineer
Ing dfculty and the route will compare favoraby with
any in the Union only with the gradients
gnments facility and cheapns's Of construction but in
certain and profitable return on its cost
PROGRESS OF THE WORK
the graduation cribbing and png Of seventy miles
have been constructed between this city and the State
line 81 Of which ready for the reception the
ties and iron rails The trsck-aying has been commence
ed at the main depot also between North Pass and the
Pny Woods and from the latter point It is progressing
towards the State line The bridges at the North and
South Pass Manchac in state of forwardness and
Will be speedily completed in substantial manner In
regard to this portion of the work Of the company am
entirely satisfied that the plans adopted crossing the
Passes are attended with practical difficulty whatever
and that the structures will be for the
passage of your The same remarks apply equally
to the crbwork in progress Of construction the
swamp and the whole series between the
city and the Piny Woods will be passed without en-
couuteriug any material engineering difficulty.
COMPLETION OF THE ROAD TO THE STATE LINE.
The agreement the time for the completion Of the
contract Of Messrs Thos o. Bates Co. from the South
Pass Manchac to the State line distance 81 miles will
enable them to deliver in finished condition before
the LIST Of July next and the state OF orwsrdness of
work between the city aud the South Pass in
sure its completion within the period time This
being done there distractions in the way hav-
ing the entire road from the city to the State line in
operation with daily train Of cars running on and after
the lst Of July next
COST OF FINISHING To STATE LINE,
The following is an estimate of the expenditure
say to cover the cost OF completing the road to the State
lne.
Thos c. Bates Co. balance Of their contract s295o2
Contractors from Depot to South Pass. 17s,500
Expenses OF laying track ................ $500
Iron rails, chairs and spikes for 81 q miles less
amount received and on hand ............. 471aS7
Engineering and superlntendence., 25,500
Total OBSERVATION-DISCLOSURES. s1027 oe9
Plans for the main depot buildings have not been pre-
pared, and It is not deemed advisable to their
erection until the road Ia completed to the State line The
temporary building constructed the company grounds
will answer all purposes for the present Any further
pendtures at this time for that purpose would be prems
ture and uncaed for The company have received 800
tons OF iron rails and have advces of the further ship
ment OF $500 tons expected to arrive in December
January making in all 1000 tons which will iron the road
fer distance of 65s miles The remaining 5000 tons
due on the contracts for 10000 tons made by Messrs r.
Wilson Hallett Co, Of Liverpool are deliverable in
February next. Three locomotive engines have been |
purchased also sufficient number of burthen cars to
transport the necessary materials for laying the track
OPERATIONS IN MISSISSIPPI. |
In Mississippi, between the State line and jackson
portion Of the clearing for the roadway opened and
the division between Jackson and Canton embracing
distance OF 70 miles about half OF the graduation
finished From Aberdeen, South, the work has been |
and for the present will be prosecuted the
extent Of collections made from the subscribers Mon
roe county
The foregoing is respectfully submitted as general
outline OF the operations Of the company to this time
eferring to the period Of the annual meeting of the
the detailed report made up from plans
maps profes and notes belonging to surveys locs
ton exhibiting the progress of the work rolling stock on
hand description OF location grades and curves and
careful estimate of the entire line to on the
Tennessee river including complete equipment of
yines and cars
Very respectfully, your obedieut servant,
JAS. IL. GRANT Chief Engineer
IF The Receipt, and Expenditures Of the
NeO Orleans dcksoH and Great Northern Railroad Com
pdng 10 I'D Norsm5er 1853
RECEIPTS.
Capital Stock received on account $685. ole 90
1866 bonds, on account Of the sub
o.