Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-07-16

while the receipts OF the company had been Sl46-
SOP 20, and IFS expenditures $1l5, s6I s5 his an
nual ort, June 10Th, 1854, at called meeting of
the stockholders. showed the receipts of the comIa-
ny 10 that date to have been $l3l9 394 49, and its
disbursements S617,IT9 46.
GOV. HELMS ADMINISTRATION
The Hon. john L. Helm was elected President, as
successor 10 Mr. Shreve, October 1854 and he still
holds that position. Wh.n his first annual report
was made. October let, 1866, the receipts of the
company had been Sl,559, SOP 81, and It's expsndi-
lures S92l ,S40123. The total stock subscriptions
were estimated at $4,034, $50, May sOtb, 1856 His
second annual report October LIST, 1856 showed the
expenditures Of the company to be 81, 457, 26O &C.
and its total available assets estimated at S.
422, I35 IL These assets included the second mil
lion subscribed by Louisville, which, If added 10
previous stock Subscriptions would make total of
S., 084, $50 His third report. October 1st, 1857,
showed total expenditures $2,5s9, 100 10, and as
sets 81 704 500 0S. And his fourth and last report
October lst, 1858, showed total expenditures So
sS4, $50 o., and remaining assets 1861. IA 81.
MR. oUTHRIE's ADMINISTRATIONS
10 the spring of 1857 the Hon. James Guthrie
left the Treasury Department Of the Federal Gov
eminent and came home. he vas at once made
Vice President of the company, and though nomin-
ally occupying this subordinate position, he has re-
ally been the head and front Of the enterprise The
health OF Gov Helm was bad aud physical inability
rendered il impossible for him to lead the enterprise
TIE Viee-Presiden. has, therefore, been the real
President, and the progress of the road since March,
1851 in spite Of difficulties insuperable to almost
any financial head has shown the skill and might Of
Mr. Guthrie.
Il will be seen by reference to The estimates that
from the act Of incorporation in March, 1850, to
March, 1867, period Of seven years, or from the
beginning Of the work Of construction in May 1852
period Of FIVE years, the company only expended
abOnt 81 500 900 in constructing road that was to
cost 81 600 000 This mode of buildiogroads did not
suit Mr.. Guthrie's o-ahesd notions He went work.
and 10 spite Of the terrible financial crisis Of 1857
and 1858. he managed to swell the expenditures to
$22o9 $50 10 by October, 1857, and to s., 3S4 $50
OF by October, 1858. His theory was 70 spend as
much money he could judieiously use in rushing
the road to completion instead OF letting it drag
along at snaips gsllOp until interest and the sala
Ties Of officers eat up the assets. He has pushed
bis theory right ahead with his wontei inhe1ihie
aud untirng perseverance,, using the credit Of all
the friends he could enlist raise money, and final
~ bonding the company and mort gazing the road
to the amount of $1,000 600. He has sold nearly
g million aud quarter CT these bonds right here
at home, and raised money enough to make the ear
ly completion Of the entire road fixed fact.
The main road is now being run over BY daily
trsins OF cars from Louisville across Green river
at Munfordsvile, distance of seventy-four miles.
At the Nashville end, the cars running the
whole distance Of seventy-one miles between Bow
ling Green and Nashville, except nine miles which
nov ready for the iron There are, therefore,
one hundred and thirty-sx miles Of the main road,
over which the cars are nOW-running, which leave
only forty-eight miles yet to be completed. On
these forty-eight miles much the greater part Of
the work is done, and the cars will run over the
whole line from Louisville to Nashville before the
first day Of January next.
Mr.. Guthrie does not talk much BE don't BE-
ieve in building railroads by fassiog in the streets
and blowing in the newspapers. 1t is difficult to
get out OF him when he expects to ride in q car
from Louisville to Nashville But it is our opiuion
that he intends TO make the trip long before next
january. We would not be surprised if we had to
announce the fact during the coming October. In
any event, the people of Louisville and Nashville
will have grand utilization when the two cities
are TAXED tog Their by an iron chain, over which
the locomotive is thundeIing, and the sooner the
joyous event is chro8ielei the better will all be
pleased
THE EXCURSION YESTERDAY.
number Of persons from this city went over the
road yesterday far the terminus s little more
than one mile beyond Green river. The day was
excessively hot, but everybody crjOyei the trip.
The country air not hot ss that Of the pareh
ed city, and was great deal purer While tn cars