The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1855-11-09
TIE RAILROAD

happy to record, as the reelection of these
able and efficient officers ensures wholesome
and judieious management of the affairs Of
the Company for the ensuing year.
We have obtained from the books Of the
office statement of the business OF the road
for the first three months Of the fiscal year,
which we annex
Receipts for first quarter, July, August,
and september,) from frsghts, passengers.
and mail pay, $54,62s,6l
Showing an increase Of s29,526,3 80
or about lie per cent.
The full returns for October are not in, but
we are satisfied from what we have seen Of
the business on the road, that the receipts are
fully up to those of the preceding month, if
not largely greater. A corresponding increase
over the balance of the preceding year, will
swell the gross receipts to S2ls, 1894 These
figures show we'll for the success of the en-
terprise and the Improvement and prosperity
OF the country it penetrates and taps.
1t has become very common to indulge in
complaints against this road and the officers
to whose hands it's affairs are entrusted, and
in some instances anonymous articles have
appeared in several Of the newspapers Of the
country, the tendency, if not the object, Of
which was to make the impression on distant
stockholders, that its affairs and business
were being so managed as to subserve local
and private interests, without regard to the
interests of the stockholders, and consequent.
ly to depreciate the value Of the stock. Now
we do not charge that the getters up Of such
articles and tstements intended to cry down
the stock with view of secretly buying it
up at low figure; but, presuming that men
do not act without motive, they have at
least laid themselves liable to the suspicion
of having been thus actuated. But be that
as it may, We know, for we have watched the
| enterprise closely from it's commencement to
the present time, that nothing could De more
unfounded and unjust than the complaint.
that the management of the road have, at
any time, been Influenced or governed by con.
siderations other than an earnest and honest
desire and intention to promote the interests
of the stockholders, and at tho same time
to most largely serve the public convenience.
How far they have succeeded, and are likely
to succeed, the present fattering condition
and prospects Of the road best show. And
we say to stockholders, both here and at a
distance, that their interests are in able and
efficient hands-the business Of the Company
is well and judiciously managed, and from
the figures above an early appreciation Of the
stock is inevitable. There is no better con.
structed work in the Union; its equipment.
are Of the first order. and when the upper
East Tennessee road is finished, which, with
the Tennessee and Lynchburg line, will bring
us in direct and easy communication with the
Eastern Atlantic seabosrd, and the connec.
ton is made direct with Chattanooga through
the Cleveland road, securing to this line a.
the last will that great stream Of travel to
and from the South west, nothing can prevent
the stock of the East Tennessee and Georgia
Company from readily commanding par value,
il it does not. tran.-.nd IL: w. repeat the
caution to stockholders to pay no attention
to reports or statements designed to depre.
ciate their stock, and not to suffer themselves
to be shaved out Of it by spectators and job.
bers. who while they cry it down. are anxious
to invest in it. We know what we are say.
ing, and repeat the caution for the benefit Of
stockholders at home and abroad, who have
not An opportunity Of observing the manage.
ment Of the enterprise for themselves. And
they may rely upon it, that we will keep
them faithfully advised of all matters per.
tanning to their interests in connection with
this great, and, We may now say, successful
enterprise.