The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1855-11-09
1lIE RAILnOAn.

see and Georgia Railroad met on Wednesday,
and organized by unanimously re elccting
Maj. G. WALLACE President, and Maj. II. c.
JACKSON Secretary and Treasurer aud Super
of Transportation-a result we are
happy to record, as the reelection of these
able and efficient officers ensures wholesome |
and judicious management of the affairs of
the Company for the ensuing year.
We have obtained from the books Of the
for the first three months Of the fiscal year,
which we annex
Receipts for first quarter, Gully, August,
and September) from freights, passengers,
and mail pay, s5i,62S,6l
Corresponding months Of 1854, 25,0073l
Showing an increase Of s29,526,30
or about ll6 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 S2l s,494, A. These
figures show well 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 its 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 managed as to subserve local
and private interests, without regard to the
interests Of the stockholders, and consequent
! ly to doprecate the value of the stock. Now
we do not charge that the getters up of such
articles and statements intended to cry down
the stock with view Of secretly buying it
up at low figure but, presuming shat men
| do not act without motive they have ut
! least laid themseves.lable to the suspicion
Of having been thus actuated. But be that
as it may, we k,or for we have watched the
enterprise closely from its commencement to
| the present time, that nothing could be more
unfounded and unjust than the complaints
| 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 the same time
to most largely serve the public convenience.
How far they have succeeded, and are likely
TO succeed, the present hattering condition
we say to stockholders both here and at n
distance, that their interests are in able and
efficient hands--the business of the Company
is well and iudiciously managed and from
the figures above an carly appreciation of the
stock is inevitable There is no better con-
structed work in the Union; its equipments
are of the first order, and when the upper
East Tennesse road is finished, which, with
the Tennessee and Lynchburg line, will bring
US in direct and easy communication with the
| Eastern Atlantic scajoard, and the connec.
/ ton is made direct with Chattanooga through
/ the Cleveland road, securing to this line as
! the last will that great stream of travel to
and from the South west, nothing can prevent
the stocl; of the East Tennessee and Georcia
Company from readily commanding par value,
! SC II docs not transcend IT. We 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.
bcrs, who while they cry it down, are anxious
to invest in it. We know what we are say