Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-02-15

.;,a 10 call the Stockholders together 70 reeeise
.s;- instructions on the important question OF pue
.has;no on Company account the whole, OF Po,
ton of this stock. The directory 6ehevlng II Woau
be advisable to do sothat It would be better 70 pay
;n,erest on the purchase money, than DIVIDENDS on
th stock determined to purchase 5000 sharesl peing
500 OOO) of it, and for this purpose contracted
loan for So0,0VO - -
This 100000 of stock, with SS,lsl % more
which was taken on compromise with inoeo1 ,sS
Stockholders and forfeited for nen-payment Oh ca,
was sunk by order of the Board, thereby seszs
the capital sock from 81, 264 GA SO to Szv'o ~ "a
1t is believed that after the treasury cas- Itch
leved from the burthens OF construcsaS. ad on &C.
will terminate, the dept corr y NAV
count of"Stock Purchase" and ,lus pro-
be rapidly sunk, and soon PAID ous - But until
fits after. navino expenses and diyIdeh"s, l;c, ~
this can be accomplished il snouio can he done
the Company TO extend the oeoI: = - dividends on
at fair rate of interest. the sass of interest on
$200,09O well justifying ene r. the Bonds the pay
$50. 900 and the ownership %
ment of the interest on the Oaa. .o road being de-
Tn. MeMinnyille and AanchesseI . go for en-
,ondent SOLELY on local freight anu s':I. ~ ,,a+
nlovment. has necessarily ser;orslv affect
wear from the causes wnicl n Ia. y
"a he business of the man nut. ,-u.+.aoo,ato
Gu .le a+s of its operations are kept separate
me from those of the main road and Tor the
i i,,ss year NAV be stated as follows:
fatal Receipts...... Io ri 0s
Total x
at, earnings the sum .4lo 81
Which is an increase Of expenses over .ne pre- pre-
Yious year OF SzS'1 q, anu eusSASo's "a -
ings of S5,972 20.
The increase in expenses may be attributed to the
Greater are of the road and consequent decay OF
timber IN its structures, requiring some
and reimbursement Nh
have been put under contract to reliable contractors
and considerable progress made IN the presecu1oh
of the work: many of the sections being hnished OF
approaching completion. The graduation Is aOou'
half done.
The following is the condition Of the company
as reported by the Treasurer
LIABILITIES.
Capital oa
ooupany's Bonds endorsed by State i,65OOOo %
Lessamount to the State asa sink,
in Fund, which have been cancelled so "a. .o
and surrendered 70 the Company 49, COWS ~
SIS, 900 90
cOnpany's Bonds uneDdO-sed--.-.-- $500 $500 90 90
Bonds Of the STATE Of Tennesses iAVOD 7ai ooe so
x,r,r.,.n. 4c.oun, I7,5lo GO -''D-'''
Suspense Ac cunt so sSe ao7 $40 on
Riil. p s, l54.499 50
D p 70 1 nn ns' 1 IoaS ss 3s50 81
H1csiIsd fo- l4ll 94-aisesS g
s4,s010ss %
ASSETS.
Road and oustas per asst RepOrt..-.s .7Ss,47l n
Add Amount paid duripg the year Tor
permanent and buildings - %, . ca, ,oo M
between Stevenson and Chattanooga, IgasO W
Real Estate exclusive OF Depot grounds H,0VS a
Stock IN Esst Tennessee and GeoTgiA - "a
Railroad Company. 1osiV O0. ~ ~
Machine Shop Materal-----..-..-.-.-. So,-sl %
Bonds OF the Mem & II. r. R Co.. IOooo W ~ "a, =,
Balance MN NJ B. Co 54,'Sz ~o-<7'''SS %
690IS Shares Of Nashville and Chatta' -, 40
nooga Railroad Stock eost..-.... $50 ~
Bills Receivable JILL JILL 81
Due from IrdividuAls ---............---. Wv Os
from AgeRts..-.-..-....--.- JU.Soo " "
from Connecting Roads.--.--....- % e
50 OF Compsny's Bonds endorsed 5s,OOo w
I32 State OF Tennessee Bonds ~ wv W 49, "a
Due from 4fs's% % =
s4,4O4,OSs L.