The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1857-10-28
THE e. & C. RAILROAD REPORT.

THE E.& C. RAILROAD REPORT.
The third annual report Of the Evans
vile & Charlottesville Railroad has just
been published for distribution among the
stockholders. 1t exhibits an encouraging |
prospect, and shows system of econom-
ical and efficient management very cred.
table to the Board of Directors and their
agents.
The gross rec'ts for the year were, .$249 ,s67
Total expenses, including repairs
and improvements Of road and
stock,... .................... l2o,T2I
Nett. ...................... 1924, l4o
Interest on debt, exchange and !.
taxes. &c.,.... ....'. -. $9T ,32o
Surplus earnings. $26 ,s15
The floating debt last year was $780,
46S. 1t has been reduced during the
year $S7, 1886, principally by q safe Of
bonds, leaving tie amount of the unfund-
ed debt only $5l.7N, and bringing it
within the easy control of the company
for the future. About $4,000 was add
ed to the construction account during
the last year, and settled principally by
conversion of the Corbpany's bonds
The amt paid on the foatiIt debt. $S7, $50
Added to the construct'n account
forimprovem'ts and old claims
previously ussdjusted, >. .:::::::...:." $1,000
$ls7,755
Bonds transferred, ................. ll6, 100
The actual am'nt of Indebtedness
and improvements paid for by
the earnings of the road were
last year, ........ ...::::.:. ........ $51 ,655
The revenue from freights in 1857 was
much less than it would have been with
IN ordinary crop; though it exhibited an
actual increase Of nearly $4,000 on the
previous years business. The increased
tariff of freights on the railroads running
East will turn much of the freight in the
interior to the river, for which this road
is one Of the chief outlets this change
in the course Of shipments and the vast
surplus of crops will probably add large
ly to the transportation business Of the
road the present year. The income from
passengers was nearly the same in 1856
and 1857.
During the past year Is miles Of the
longitudinal timbcrs were taken up and
cross ties substituted several bridges
and culverts were rebuilt, and the gener.
al condition of the road greatly improved
Its now in as good working an order as
any road in the West. There are twelve
miles of logitudinal timbers yet to be re-
placed by cross-ties, and some expendi-
tu,es will be required on the bridges and
trussels, and when these improvements
are accomplished, the Directors say, "the
roadway Of this company may be truly
asserted to be equal in point Of quality
and character to any in the country, de
pending on timber structures"
Out of its net earnings the road is pay
ing all the interest on its debts. and
gradually improving its construction, ant
making surplus to reduce the principa
of its indebtedness. With the settle
ment of the fertile regions through which
it runs, its business and revenues mus
increase, and in few years, with sink
ing fund faithfully applied to the reduc
ton of its bonds. it will be placed in a
independent position; and those VIII
shall live ten years will look back wit
surprise and regret that they ever neg
lected to buy it's stock when it could hav
been had for twenty and ten cents on th
dollar. 1t is one Of the roads in tn
West that will work itself through. an
finally remunerate its stockholders.
The funds for the payment of the sem
annual interest on its bonds due on Il
LIST Of November were RENTED 10
week, and are now ready in New Yol
to pay its coupons. 1t will be amor
the few Western roads, that will in tn
crisis not be found in default.
KANSAS.
Gov. Walker'and Secretary Stanto