The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1853-02-25
Nett profits


of way l4,422 35,02l 8
.tss-s---=F- laszE--
Nett profits .,. S22,004 7
The earnings, though small, have com
fully up to the expectations of the Director
and show conclusively that the road will, i
future, be able to take care of the interest o.
State debt of $3.50, 900, and the bonds issue
by the Company, and besides have 4 hand
some sum, either to apply to the extension
the Road to Knoxville or to pay on the float
ing debt Of the Company. 1t must be recoI
lected that the Road has only been opened t
the Tennessee river little over two month
of this time, and that even up to the Is
December we were not SO well prepared a
the river to receive and discharge freghts a
we should have been, to enable us to get al
the business of tbstsiyer Arrangements ar
now made, Isal l for the easy and saf,
transportation OF Sbry description of frci9h
that may come. During the first part of th,
year the receipts were small, and in the sum
mcr very it'll Q can be expected. This place
was the head OF the Road at Your last annua
meeting, and continued to be until the 9th o
/ April, when the Passenge: and Freight train,
cOmmeuced running regularly TO Sweetwate
on the 10th of May to Philadelphia, and il
September to LUudOn, on the Tennessee
river, thus giving the months of October arc
November, with Il part of September, for the
through business to the river, showing Il large
increase during that time both in Passengers
and ircights, notwithstanding the dull season
Of the year; for with the heavy produce bust.
ness of this country, the Spring must always
be the active season. .... .
Many things have contributed to operate
against US during the last year, that can and
will bc overcome during the present. The
conflicting trade by way of Chattanooga IN
to this time has operated seriously, principally
from the fact that there was no steamboat
line running regularly from LoudOn to Knox
vile: this difficulty has been removed, as the
Directors have closed contract with Joseph
JaQues, the owner OF the steamer Loudun, to
run regularly, during the year, between those
points, paying Is cents per hundred for all
up ireghts, and cents down, In making
this arrangement the Directors deemed it best
to establish an agency at Knoxville, thereby
saving to the shippers all drayage, receiving,
forwarding and commissions, both Mt Loudon
and Knoxville, sending copies of through
freight bills to be paid at Knoxville, so that
every thing has been done as far as possible
to save the shippers time, trouble and ex-
pense, and no fears need be entertained that,
in future, we will get the largest portion, if
not all Of the trade of upper East Tennessee
enough to satisfy u.s. and such an increase
rs will bring the present years business up
to the most sanguine expectations of the
Stockholders. .......s ....., f-. .rl.,..... .
The last years business has fully equalled
the expectations OF the Directors, and should
be gratifying to the Stockholders, giving
every evidence that the stock will be u proita-
bic investment. .......rr ......
The position Of our Road is such as to
show to you that we can never have rival
road; that we are almost on an air line from
New Orleans to New York. twill be seen
by reference to Mr.. Poor's Railroad Map of
the United States, which will undoubtedly
make it the line for the great southern mail,
that we will have the shortest line between
those points OF ut least zoe miles, when all
the connections are made that are now in
process of construction. The Virginia and
Tennessee Railroad is progressing very rapid
~ from Lynchburg towards the Tennessee
line, the cars now running from Lvnchburg
to Salem, distance of 90 miles, and extend.
ing the track every day so that in less than
two years this work will be completed to the
Tennessee line, where it CONNECTS with the
East Tennessee and Virginia Road, from
Knoxville to the VirgniaIine. The whole of
this road to Knoxville, including grading
and bridges is now under contract
and the work progressing well, except fifteen
miles oil light grading from Knoxville to the
Holst0n river, and the means provided for
the completion, and the President of the
Company has informed me that he will let
that part of it early in the Spring, thus show
ing beyond 4 doubt that the whole line north
will be completed in less than three years.
Our connections south will be through the
Western and Atlantic Railroad, leading to
Augusta, Charleston and Savannah, and also
with the roads built and building in Ala
hama and Mississippi, towards Mobile and
New Dreams. The aggregate length of
Roads south will include 1900 miles finished
road, and as much more in contemplation and
process Of construction. Through the West.
ern and Atlantic Railroad westwardv a con.
nection is formed with the Nashville and
Chattanooga and the Memphis and Charles
ton Railroads -- also with the New Orleans
and Nashville Road; it is also in contempla-
ton to extend the Rome Lsalch-of the West.
ern and Atlantic Railroad to the Alabama
and Tennessee River Railroad, thus making
a second route to Mobile and New Orleans.
To all of these routes this rcld will be COM
mon, BY all of which you vi see that your
road must not only be of or lat Importance to
the travelling and trading Community, but a
source of wealth to the Stockholders. In
addition to the above roads, Road has been
from Knoxville the northern ter
minus of your road, TO Lexington, Kentucky,
and will be built, thus scouting the trade and |
travel from Cincinnati and Kentucky TO the
south Atlantic sea board over this road and
besides the entire carrying trade of ut least
l00,00O inhabitants of East Tennessee must
nc done over this road, which will be largely |
increased every year as the resources of the J
country are developed by the operations of
he road. ... .......
The running of the road has been attended
With unusual good lack, having had but one
un off during the year, with but little dam.
gc done, the whole cost of repairing the
ngine being only $4,000 not a single per.
on damaged or hurt since the opening ofthe
DAD. and lost but ono mail, which was caused