Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1854-02-04
NASHVILLE AND CHATTANOOGA RAILROAD

s NASHVILLE AMI, CHATTANOOGA RAILROAD.
The sixth annual report Of the Directors OF this
road, has been some days on our table. a 95tI,E
From sais report we learn that the entire cost OF
the road, equipments, land damages, discounts on
bonds, costofcolectng Stock &c, is So 7l3 93s 3s-
OF this sun, the actual cost of the road proper IS
stated 10 be s2,636. GOO 6S. eias,
From the report of the superintendent OF trans
portation we learn that the business of tie last year
RECEIPTS. sas. s4. -
From. Passengers. - 62s2 80
si@'i Freight, = - 800 9l,925 90 {
" Mail Service, 94i9 DO no. cor no
Conducting Transportation, S32g od 90 ~
Motive Power. 5 o9.5oo 20 %, AZ =
Maintenance of Way ,too
~, :, .eu,sr SHOP 4,944 74l320E oil
50 .s ---
Nett s EARNINGS - s65,6lo SO
To which nettbalancemrst --l. ~ !
be added the value Of
4724 cords of wood, on. rlls .EIifI
line OF road. which has -4st s,'5tI
been paid for, but uneon-
sumed, @ .GEOf 5,b5 W -s5a
Also for Wooden Rails and
Cross Ties on hand, paid .-
for hut NOT vet used - :, 504 IL S3,676 81
Leaving total balance IN .....4.-y
,;on Of -" 500, 2sS CO
Which balance IS exclusive oil any credits lor
TRANSPORTING company supplies such TIMBER iron,
provisions &c the actual cost OF which, IN the
eonsun ption of fuel extra labor wear and tear OF
no Than
thousand dollars. -
The President of the Company concludes his re-
port as follows:
rThe Directors have every confidence in the abil-
ity of the road to pay good dividends SO soon as 1t
becomes settled and permanent, and that 1t VIII
greatly more than pay the interest on the whole
fifteen huu,lred thousand dollars of bonds The next
YEAR and that he increase in its business wlil be
very rapid The building of the road has been SO
rapid that the country has scarcely learned to use
it until il is flushed The building has been the
main Object and therefore the management OF the
running has been secondary, and has often suffered.
"Tbe profits were never expected to be much un-
Ill the road was fully opened through to the At
lantic 10 give market to the vast products OF the
Ohio. Cumberland, and Tennessee valleys. This
will be done in few days more when 1t Is expect
ed the business will most probably double; and as
the cost of agents, and many other items, will be
but slightly increased, while the business VIII be
doubled. profits viii be proporhonately greater IN
comparison 10 the income.
The Superintendent of Transportation says
By comparing the receipts for 1852 with those
of the mast wear you will find that the freight busl
ness has increased over hundred and thirty per
cent. while that for passengers has Increased but
forty-six per cent can only account tor this dit
ference from our imperfect, or rather bad conhec-
tons Gas to time) with other transportation hnes,
especially with the mail boats from Chattanooga TO
Decatur. and the long continued low state OF water
in the Cumberland and Tennessee rivers, which has,
for nearly seven months in the year, made US al
most entirely dependent upon local travel. As
soon. however. as our road connects with the
Western and Atlantic Road at Chattanooga, the
saving of time and reduced rate of fare to passen-
gers going and coming from the seaboard, with
close connection at Chattanooga with boats IRON
Knoxville, and at Bridgeport with those from and
to Decatur the passage receipts OF the road Tor the
coming wear will he vastly increased, perhaps more
than double those Of the past year, 1898.
'Our freight records show that the trade of Nash
vile with East Tennessee North Carolina and
Georgia is growing daily. Large quantities OF
produce and manufactured articles from CIncln-
natl st Louis New Orleans, and other cites OF
the South and West will be sent through to Char
ieston and Savannah by this route, which have
heretofore been subjected to the delays OF river ana
ocean transportation well as the expense OF sew
eral reshipnienls and haulngs A judicious freight
traiff in connection with the roads beyond us, will
most assuredy effect this change, simply from the
fact that this route viii be far the quickest equally
as cheap and enabling the shipper TO save lnsur-
ance on loss by avoiding all the dangers OF ocean
and pulf NAVIGATION