The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-03-13
From the American Railroad Journal.l 49,
A Brief statement OF the Con di ii ON anu
Prospects OF The Evansville and Craw.
fOrdsvtlle lsailrOad. ,-.r. -

3D.. From the American Railroad JournnI.1 -i-
A Brief statement OF the Condition anu
Prospects OF The Evansville and Craw-
fOrdsville Railroad. srol- .alt
This Road, when completed will be 40
miles in length, divided into three sections.
I he first section between Evansville and
Vincen mes, 81 miles, has been in operation
since January, 1854; the second section be-
tvs cen Vincennes and Terre Haute So miles,
has been in partial operation since the LIST of
December last; and the third section between
Terre Haute and Charlottesville, ST. miles,
will be constructed as soon es sufficient
amount OF stock is subscribed along the line
to justify doing so. .;st1 .s
The gravel for balasting the Road be-
tween Terre Haute and Vincennes has to be
hauled great distance, some of it ever 30
miles. Two trains have been regularly en-
ploy ed on that work for four months, and it
is believed the road will be in good order by
June next. The Directors were aware that
is not good economy to run a road, particular.
ly with much speed, until fully ballasted, yet
the public claims for early Accommodations
were so pressing as to induce them, on the
lst of December, to establish for the winter,
what is termed a mired train, carrying pas
sengers and freight once a day, each way
between. Evansville and, ,Terre Haute; and
the receipts from that source have averaged
over $3.50 per day and are steadily increas.
ing. A road is being constructed from ST..
Louis to Vincennes, and is expected to he
opened for travel in June next, which will
contribute largely to the business of the
Evansville and Charlottesville Road; as it
will open route between New York and st.
&c ha,, h,rn
the present route via Chicago. A road is
also in progress from Henderson KentucKy,
near Evansville) to Nashville, Tennessee,
l43 miles in length; the iron for IS miles has
been purchased, and the company expect to
lay it down the present year and to complete
the whole line in two years, whereby an. i'm.
portant connection will be established be.
tween the Mississippi valley and the South
Atlantic States. Evansville is the most i'm.
portant and fourshng city on the. Ohio riv er
below Louisville, containing an industrious
and thriving population of about ten thou.
sand, and is the principal landing place for
all southern products intended for the Wa
bash Valley. The equipments ofthe Evans
vile and Charlottesville Road are sufficient
for the present season, but considerable ad-
dition will be required for the next years
business. The expenditures, and liabilities
of the road up to the 18th instant including
the right way, Depot grounds and equip
ments, with estimated discounts en- bonds,
and interest, amounts 10 about $1,908 500, or
Sl7,509 l7-100 per mile, but will necessarily
be increased by further improvements on the
road, equipments and buildings, to a total
cost of about $4,000 mile, to make it a
first class road.
The total liabilities of the company are
about S320,000, for obligations incurred on
account of iron and equipments, and are pay.
able at different times, within three months.
The resources from which we expect to
meet the above, consist of cash on hand
S23,5OO, 335 bonds of the company, of one
thousand dollars each, 1877 shares of capital
stock in the Terre Haute and Richmond Road
taken in payment of individual subscription
in the Evansville and Charlottesville Road.
and balance of $3l, 900 on subscriptions
not yet due; which it is anticipated will be
more than sufficient to pay off the entire
floating debt of the company.
The bonds now offered for sale are part
OF 74O, per cent, coupon bonds of one thou
sand dollars each, payable on the first day of
May, 1869 and convertible into capital stock
OF the company at par, at the pleasure of the
holder, at any time before maturity, and are
secured by mortgage on the whole of the
road and equipments between Evansville
and Terre Haute, 100 miles, and are the first
and only line on that part of the road and
equipments between Vincennes and Terre
Haute, So miles; but that part fthe road
between Evansvillean Vincennes. 81 miles,
is subject to prior mortgage to secure the
payment Of the $50 bonds of $1,000 each
issued in 1852, and yable on the FIRST of
January, 1862, which makes the wholeoin.
cumbrance on the road and equipment SIO,-
600 per mile, which will be about one-half