Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-04-14


New iron being heavy rail, sufezt for two miles is pro-
vded anl OK Ia for cmmnoe 10 relay the road u will
be laid continuously from the MELVILLE end taxing up The
rail; al the gooa
tutsd place Of broken defective the other
parts the road Tie out broken bars taken ot
be added % lot a. about W tons 81 od oa ALREADY on nnd
and rolled into with which to continue the Of
THIS may couunued without, any making heavy
draft upon the Of the Company, until the entire rail
contract already clio ed with the Atlanta Rolling
MIL omnany U re ro az cost o 81 per tol what may Re
wanted Tor the three years, returning ton Of for ton Il
ola iroa delivered.
In regard TO the transfer of $4,000 of State aid
from the Memphis and Charleston Railroad to the
Nashville and Chattanooga Railroad Company. by
act of the last Legislature Col. STEVENSON says:
by an commissioned this that this
received il 70 for track eI2eanneni new a-cn
", depot buildings, and new rnsnent hrigeson that part
OF the road beta cen Stevenson ana Chattanooga
condition and importance Of that part Of road, upon
which Is concentrated OF the business Of and of
NE Nenpb Conany render it imperative inst the temporary
lS .s.Ic- --cts5 rvar he rr1,sr1s 5a.D r,lprfsi-
streams gogeI should be speedily replaced by permanent
Worsings that part q Ire; and
buildings should be msdsto accommodate properly the trains and
Tbis should be regarded as work construction, 1o
Ordinary repair doubt the Tuprey OF
having taoue the question arises as % no" sAaL le au IoT
For original capital the Company has already eNpena
ed n and equipment, SoOOOOi OF what
usually denominated, net earnings.
r tine the earnings Of the ROAD and postpone the pay
Of regular dividends which the necessities oil many o. ne
ne present Directors anxious their successors shall be
sna6ies to do from this time forward.
ID The the road should be good the coming season.
tv are not without hope that this work may Be accomplished
aud paid without aHy permanent Increase Of the debt Of the
Company, by borrowing short time needed amount, to
repaid Of the surplus profits after payment OF cPenses
interest and dividends.
ne control Of this STATE fund would Board
time 70 command Temporarily, such The service might
require any absolute sale OF the bonds and they might
be reid reserve for any Unforeseen emergency, exchanged
FOR he endorsed Company should the relative
let value Of the two make il eTFsdent.
In regard to the Jasper Branch and other matters,
Col STEVENSON says:
The condition imposed by the stockholders last meeting,
Epon which Jasper Branch road should he built has been
complied with by ceDS along the line and ho'e interested in
Of stock hy-tWo thousand dollars, the authorised
By he resolution Of the stockholders.
After deciding make the depend exclusively for its
prosecution the specially provided for it, not 10
chargese in any event upon the old stock and further
ne Whole stock and authorized survey and
have the ready contractors early day. the sub
riber have already manifested oommendabe prompRUn the
rms branch road about eleven long, will pcuc,ratss
mountain valley, eOnan'ng the population enteusnE
product unievepei mineral resources not equaed y
any portion OF the State The trade Of which nov finds its
outlet through channels, but will by this arm, not only Re
given the branch but 70 end CT the other Of Oar main line
T c6mpIetion Of ne Tennessee Alabama Railroad
through Decatur which is expected early in the sprilg viii
urn from trade and travel which we have had the
past yssr, worth to as about sixty thousad doiErs
Il will consequently require close attention and economy 70
prevent falling OF in profits for the present year as dmu
son Of gross receipts may be reasonably tNpected
ID s howover, hoped that the loss sustained from this
may reganed in part al least by tae eonneg
fioB Louisville and the road 70 FayettcYe both OF which
nave been accomplished within the lsss few months
m not sooner obtained may confidently expect u com
penaon for all such losses upona complexion o. the Nashville
sad No western road, which rs no" certain 10 't cone as soon
IS the work be performed
From the report Of the Treasurer we learn that
the department Of Conducting Transportation is
.to,-rp9be with the following among other items