Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-12-19

snkrg Fund vested in Co.'S end. bonds $4,000 20
Making in all the sum Of s529 AS so over
and above the $50 695 % of surplus assets
after payment OF the floating debt: aud be-
side the road. with all its appurtenauces,
which has cost above S4.4j0,000.
In conneXion with this surplus Of $50, sos
p is. however. proper to repeat, as still APP
plicablc to portion OF it, a statement made
10y the Treasurer in his last annual report, as
follows:
The principal portion of he Bills receiva-
'hlc, and the amount due from individuals
''tin the doubtful and bad ~ is for moneys
advanced 10 contractors during tie bald
ing OF the road. when il was thought better
Ito let them have the amount actually ncccs-
"sary to complete their contracts than to
have them to abandon the work and leave
"ihe Company TO finish. or rclet it AT much
''iigher prices
The accounts of the McMnnvilo & Man
chester Railroad are kept distinct from those
of the main line. and exhibit, on last
years operations. the following result;
" eNpcnses................ ......... s,2I9 IS
Leaving as net earnings, the sum Of SIG $50 "A
Which is an Increase of S2659 AZ on the
net earnings Of the previous year.
For Information in detail as t. the opera
iions OF the departments of Transportation
and Machinery, and as 10 the amount and
condition Of the general equipment, reference
is made TO the very full aud satisfactory re-
port of the Superintendent of transportation
- and as 10 the financial condition OF the
Company to the statement Of the Treasurer.
Both If these officers merit yonr app obation
for Jealous aud faithful discharge Of the
du los dcvolving upon them.
Thc general condition of the road bed has
nj g1 INN vsH he.
past year. But to do this mach work had
10 hc done in replacing old and drcaying
timberS which were placed in the rnad at
Us original construction. This was paricu-
ltriy lie Gaze ON the eastern end of the line
whore the open, oak trcsl0 bridges are very
numerous. aud have, during the past season,
r, quire'l much renovation. This has been
done, IN part. by substituting new structures;
bat most generally by The insertion of new
timber ia place of that deemed unsafe from
decay.
Early IN the season il was decided 10 dis
peuse With sIringers. or continuous bearingS,
ia the further renewal OF the old track. aud
10 place the iron directly on the eross-iies.
THIS policy has been cas- ried out on various
portions of the line where lhe track irum age
or weakness required renewal, and shoald be
pursued a. rapidly rs the eondltioa oil the
old track may rcqnife IL.
New iron, being heavy i rail, sufficient
for two mites. Is provided and on baud for
culamt uccmeai io relay the mad. II will lse
lad continuously tom tbe Nashville end,
ticking up The L rail-; ali the good bars oi
which will be carried forward and distributed
tn take the place 81 broken or defective ones
on other paFis Of the rad. The wnrn cut or
broken bs,ls taken out may hs added to a
lot OF about 200 tons OF old bars already on,
hand aud re-rolled iato 7 bars with which to
CO iinu the process Of gradual renew a.. as
lhe condition OF the old track may demand
This may be continued without al any Tine
making q heavy drait upon she revenues OF
tht Cmpany. until the entire rail Is rem we'd.
A contract has airsaly been closed with
The Atlanta Rolling Mil Company - re-rOll.
al cost of SIS per toa, whas may DC want
via justice 20 the Management Of the Read Coz The
years ls55s, a n4xy be peeIcs 30 state, thai BY =
cha g Ia u4naer q ksepang the arsosntz q ne
Cssafaay there aeiueea N ordinary sxfeHses 81
tas ear Tie u t5 80 ~ shie the sans el<ss
OF ark has tais lear besn chafEe1 n eAtfeafGaAfy
expaDsex lais xo<rectfI soaid ssss az iarressr II
ofsina expenses for tis FgrseHt year a soo1t =,
so8 assr r ya4r ifas >, iaktHs Alas Esaes@l FesAis
AvweFer, aacasnss4,