New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-25

NORTHERN RAILROAD.
We publish in today's paper the official reports Of
the board 81 Directors of the New Orleans, jackson
and Great Northern Railroad Company, made to the
Legislature In January last pursuant to law and to
the stockholders at their late annual meeting. Both
reports are comprised under one head, and contain
large amount Of valuable and satisfactory Information
The report to the Legislature is dated 24th January
1857. Since that time, in addition to what was
already DONE the track has been completed to Brook
haven, Miss, distance OF 129 miles from New Or
leans, which, added to the "a miles between jackson
and Canton, and miles south of jackson, gives i55
miles Of finished road. Between Brookhaven and
Jackson the work is progressing rapidly nearly .one
Thousand choice hands being now employed on it,"
The iron rails for the entire track have been received
and there is little doubt the road will be finished from
this city to Canton early in 1855 The sections Of the
road that have been opened business are in excel
lent running order, and have been much improved
within the past few months. No accidents have hap
pened for long period, fact that speaks volumes
for the skill and efficiency of the officers Of the various
departments. 80 @r#
The receipts of all kinds from the organization of
the company up to the 7th inst have been Sc 440
1864 So expenditures $500 4o3 SO balance in cash.
uoItus, ctS-, lue DeinS
ed as security for loans are not at present available
For further particulars We refer to this portion of
the report, as well as to the action Of the Misss-
sppi Legislature, proposing to loan monies from the
..Chickasaw School Fund on advantageous terms,
which have been wisely accepted The report then
sets forth the mode in which means to complete
the part Of the road south f jackson are expected
to be obtained which reach the figure Of about half
detailed, and tabular statements, in pamphlet form
referred to-
The most interesting portion Of the report although
it is satisfactory in an eminent degree throughout is
the comparison of what the road has done with what
it will do when the connection is made between
New Orleans and Canton, and when, from Can
ton, a connection is made with the Mississippi
Central Railroad running in northerly direction
to Lagrange Tenn, 1873 miles, where it intersects
the Memphis and Charleston Railroad, all of which
will be accomplished during the next year. For the
important connections the reader must examine
| the report. ess
Taking the Canton connection for the first estimate,
| what do we find? The whole amount of traffic for
| Tie section, as estimated
Dsduct50 per cent, expenses I. 5S56U
49, Net annual receipts ..5.....,......... S595,6gO
The following is the estimate after the Central Rail-
road is completed:
Receipts from all s. 81
Deduct 80 cent. for expenses 7006W
Net annual receipts ........ sll7O,aO
These figures demonstrate, beyond the power of CON
troversion that the Great Northern Railroad will be
one Of the best paying roads in the United States in
the space of twelve months to say nothing Of the i'm
mense advantage it will be to the commercial inter
ests Of New Orleans as soon as it penerates and de-
yelaps the fertile and inexhaustible INTERIOR and en-
ables the products thereof to reach the best market
on the American continent cheapy and expeditiousy.
Many other parts Of the report interesting, but
as the whole will attract the careful attention of
readers we do not deem it necessary to make specific
references at this time In conclusion, all we have to
say is that the President and Directors received only
what they deserved, a vote Of unanimous confidence
from the stockholders.