Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-10-26

the succeeding year
THE NETT EARNINGS PROM TiE EXHIBITS N TIE
GENERAL sUPERISrENpENT's REPORT.
The gross receipts were. from all
sources, $l63,929 ~
From which deduct expenses. l0O.792 10
Showing 4 nett gain. S63.lI IS
The average length of the rad operated the
past year IS miles and putting the cost ut
S2.l25,0O. which is the proper estimated cost,
gives you nett gain Of per cent. which i a
fraction below the per oentnm exhibit Of the pre-
ccdiug year; but that portion of the road then OPP
Grated was estimated at about s2l 900 per mile.
whilst the addition for the past year of a
character greatly increasing the cost The
present calculation is based upon S25.0oO per
mile for the entire length operated. This basi.
is assumed now because the most difficult por-
tons passed, and this - the estimated nver-
age cost of the entire line when completed. The
tonnage of material used. estimated at $4,000
forms no part Of the above estimate. and Is here
stated only 10 show you the full work Of the road.
The tonnage for which pay received dur
ing the year ending 30 September l-53, and
passed over - miles of road, 1921 tons,
equal TO about S3l tons per mile of Road and for
the past year. 25,3l7 tons average of -
miles Of road equal to pos tons per mile.
The receipts for 1853 were equal 10 sl.ss3 92
per mile, and for the past year sl,P2- Sc. The
number of pa sengers, for the year ending Goth
September -53. was 5O31 per mile Of road, and
for the past year 6s7i. The number of passen-
gers for the past year was equal tn me passen-
ger for each 10 miles md yields ~ Is
per mile. The amount Of tonnage about
one half ton for each mile aud yielded 81
20 IS per mile, making II difference in favour of
freight Of .O03 ) per mile run.
The receipts from the various sources, per
mile run were ms Follows
From passengers, lin cents) $50 10
Freight l-g %
L. $. Mail -
Express, =
Making average receipt per mill run of III
] cents, aud the expenses being IL j. shows
n nett gain of II : cents
The increase of business for the past year was
over 30 per cent GA receipts, ~ per cent on ton
nhgc and 100 per cent. on passengers aud one
other very healthy feature i apparent by u com
parison, which is the increasing excess, of export
tonnage, say, nearly double that of the imports.
From the comparison of the rec epts of pms.
sengcrs and tonnage, in connection with the cost
Of transportation, IL i very apparent TINT for
your interest the passenger fare i too low: aud
in the opinion Of the Board Directors, it Gun
be- raised with great prnprlely Ia four cents per
mile with "a due regard To the travelling comrnu-
nifty, and is necessary in conseq uence of the nd
vanced rates of all materials, provisions aud Ia
bour
CNFINIsHED WORK,
During the past year 81 miles Of tract have
been put into operation. and the close, on Both
Sept there were % miles more laid which are now
in use. Since that period miles additional have
been laid; making, since YOU were last together,
- miles of additional track laid. 53 of which nre
now in use, being much the largest number ~
yet laid in the period OF time and embracing
by far the difficult and tedious portion of the
entire line. Your Board therefore feel the
more confidence in the iufment of their nssur-
ancc to you at your last meeting, "that the
summit of the Allegheny being once reached, the
progress # track laying will be VASTLY more ra-
pid,and the hope of speedy completion thereof.
ter might be- safely indulged.'
The Chief Engineers report will give You the
details of the subject from which You will oh
serve but little of the graduation aud masonry
remains to he done; and therefore whatever may
Ice accomplished, il j. but reasonable 10 calculate
on tn" completion Of the entire line IN all of
1853. 1t is ccrtunIy practicable Ia do Moth
ing short of circumstances beyond the control
Of your Board will prevent the completion of
the remaining - miles of the main stem within
that period.
CONNECTIONS AND PROSPECTS.
The James River and kanawhn canal has com
plcted her connection with tide winter ut Rich
mond.
In the course of few months the South side
Railroad VIII be competed 10 THIS point and form
it's connection with your ruad.
Its estimated that within two yours and half
the Orange and Alexandria extension TO this
point will Toe in operation, and in the same time
the Norfolk and Petersburg road will have con
nectrd those two cities.
When these connections shall have all been
made. you will he put in direct communication
with shipping 10y five different lines of improve
ment to wit At Richmond by canal and rail
way, and at Petersburg, City Point, Norfolk and
Alexandria bv railways. These outlets reyersey
considered must and will operate n important
feeders to your line.
Arrangements are being made with the sever
al railroad companies and the steamers from
Richmond and City Point to New York. also with
Mr.. David Currie's line Of sail packets from
Richmond to New \ ork aud other eastern cities,
by which an uninterrupted transit of tonnage
aud truvelbctwcen any desired points on the en-
tire connection thus formed, will be established.
BY those arrangements travel will avoid the trou-
BILE and yexation it is subjected 10 on disconnected
lines, md tonnage will be exempt from charges
incidental to tranShipment. The advantages
must npce ssarily induce considerable increase
of both trade and travel
The health and pleasure seeking community
will have great indictment over Your line, from
its contiguity to the numerous mineral springs
there being no less than seventeen, ten OF which
are within from one quarter OF mile to fifteen
miles of the road. Ample arrangements have been
made 60 transport passengers from the respective
points on the road to the various Springs.
FINANCIAL AFFAIRS.
The past year WAS commenced with a balance
on baud of 81 2S6 | 30 consisting of so $50
81 in cash and S53, 400 of Washington and
Smythe county Bonds.
The annual statement of the Treasurer show