The register. (Monroe, La.) 185?-1861, 1860-02-16
REPORT.
Office of the v. s. & T. R. r Co,
MONROE. La, Jan. 10th, 1860.

MONROE, La, Jan. 18th, 1860.
To the Honorable the Senate and House or
Representatives Of the State Of Louisiana
The President and Directors of the vicks-
burg Shreveport and Texas Railroad Company
respectfully report to your honorable bodies,
that the damage done to the road by the late
overflow has been repaired, at cost of q little
over ten thousand dollars, and four additional
miles of tract have been laid, making thirty
miles of finished road, extending from the Mis-
sissippi River to the Tensae, at Dallas From
Dallas to Monroe there is about ten miles Of
clearing and grubbing, and sixty thousand Gu"
bic yards of earth work to be done in order to
complete the graduation of this division. The
bridge across the Tensas will be finished in q
few days, and beyond this point hands are en-s
gagged getting out cross.ties and putting up
the bridging, go there may be no further delay
in laying down the iron. In consideration OF
the unavoidable delay, occasioned by the break
in the lcvees during the overflow Of the pass
season, and the large cash advances which
must be made by our contractors, Messrs. Fan
min, Grant, & Co., and the great Importance Of
pushing the work forward with all possible
speed, we have agreed to pay them, as COM
pensason for the extra expense they must in
cur bonus or premium of twenty thousand
dollars to finish the road to Monroe by the 10TH
day of October next, or, failing therein, ten
thousand il they shall reach that point by the
first day of December ensuing, and the COR,
tractors have declared their intention Of COM
plotting the road to this place within the time
first mentioned, and are increasing their hands,.
and making othc- and necessary preparations
to do sos ~ -.- 49,
The work on the western division, extending
from Shreveport to the Texas State line, has
been so far advanced by the contractors ".
G. Bonner Co., there employed, as to war
rant the confident belief that this important
portion of the road will also be completed by
the ensuing fall. The iron, trails and chairs,)
sufficient to complete both Of these divisions Of
the road has been purchased at very low
price-1500 tons of which, with chairs for tue
same, have been received, and we have adyices
of the shipment, on the 10th of December, ul-
tmo, of about 1000 tons more. The iron and
Z hairs which have been received, are believed
to be of very superior quality, so far as tho
quality may be judged of by inspection.
A first class locomotive has been purchased
for the Western division. This engine, and the
iron for eight miles of road are now in the
Brooklyn warehouse, opposite New Orleans,
waiting shipment up Red River.
During the year, the Company has borrowed
s46,4c0 90, the payment Of which is already
provided for, and, with the exception of the
cash balance due Fannin, Grant & Co.. the
payment Of which they have waived until the
road shall reach Monroe, all the obligations Of
The Company have been promptly met.
Since our last Annual Report to your Hon
orablc bodies. the city Of yicksburg has made
a subscription of 100000 to the capital stock
of the Company, payable in cash in five equal
annual installments. We are happy to be able
to add, that the tax. in payment of the first in
stallment, is now being collected, with the
probability that there will be no serious objec.
ton to its payment ~.
The Government titles for $4,000 acres Of
the lands cnuring to the Company under tho
Act of Congress granting lands to this State to
aid in the construction Of RIA lroads, approved
Sd June, 1856, have been received, and $3.50
s2-10o acres have been sold, partly for cash,
and partly on time for s2343O 90.
For the amount of capital expended, and
particular statement Of the receipts and cxper-
dltures of the Company, you are respectfully
referred to the Report of the Secretary, o, D.
stillman, Esq, made from the books of The
Company, brought up to the first day of the
month, and which is herewith submitted and
made part of this Report.
All Of which is very respectfully submitted.
C.G. YOUNG, President.