New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-10

Contracts fer passenger and freight cars had also
been made many of which cars have not bsen
We have also settled with Cooke, bradford
Co, for their final rstimate for work done
north Of Gan sS Nth NH of bal ,, so
- liz, 500
s5l3,3oO
Amounting in all to $61S,3OO, the whole of which
with the exception of sl25 ,OOO bills payable in
cluded in the above gures) the present Board have
had to provide for, over and above the general la
bilities of the company, reported by the former
Board of Directors as liabilities nnder the head Of
bills payable.
These items, with the disasters of October and
November, alluded to hereafter, will, in great
measure, account for the present embarrassed con-
diton of the company.
The mail earnings, for the balance of the year
ending LIST January 1861, we found, had been an
ticipated by their pledges as security for loan
obtained to the extent of 10000
By Treasurer report tho receipts from all sources dr
ns the year ending February IS $751; have been including BAL
PsbU U t' during the anne period 7SSSOS IS
For operating the road ;..'.....,.....s747,4e I %
Graduation. mostly for the extensionbe
Iron rails and faste1ngs on HAND at d.. ~ %
pot in New Orleans. minimum. l26, lis 81
Locomotives, cars and tools. .....-.:.- l5!G2S 50
Real estate, right of way, surveying,
engineering fencing, etc.........: $4,000
todspo grounds, etc,...: .........: 43,5Os 81
Interest first mortgage bonds and
othernterest accounts; 49,. :....... 2l3,esl %
4o,42o 50
l,52i,s67 46
able stock subscriptions in aliSsis-
dry agent and others. $40 241 IS
We redeemed on lst July, 1860, after due public
notice, from the lowest bidder, fifty-nine of our
first mortgage bonds for the sum Of forty-nine
thousand five hundred and thirty dollars-which
reduces the mortgage by the amount of fifty.nine
thousand dollars.
BY the General ouperintondent's report, it will |
be seen that the earnings of the road during the
twelve months were from
FPf sesgsness sf59599 O
Mails e., 400 o.
s1,23l 623 Ga |
The expenses during the same
time have been
For maintenance of way. .S25l,l09 Is
ConductiDg anspoaiion is7ss75
Steam eTs and other penses during he
owe flow Of October and storm of No
stock Killed IN mississippi , t ~ g
Add outstanding and unpaid jilis ;si I 6 IS
r..., u,,.,, -,,.. n ,,.., -, s775,te7 %
amount am rn oI gaid dur dnnG the present year
Gus year, as per ii | ................ 9S37S "a
Total cost of ope a!ing the road in 1861 sf7718o 70
This amount includes all the extraordinary
penses c"Tsed BY The overflow in October and storm
o. o. E S hGp also Ibe repair damage from
II Sd0 1t Of htfs Sef Gs the o 2
miles of second track and sdings, and five miles of
fencing, which ought pr ptly to be cha lepd to
constt uction of road leaving the elnns S55 73 81
Or IS per cent of earning which will compare fayoral
with any road in the county.
The gross Earnings, a. shown by the report Of the
1t 9Sg 10 February 20 1860 were s5O %
Showing the ret earnings IF tl,e road Inr;rn ,l
eleven m hths ending 29h February, 1860 TO
nave pee $3.50 30
By which it will be seen that the actual eypenses
for the eleven months ending February 18th. 1860
(567O,0G5 62) were only $7,l2l O8 short of those
for the full year ending 2Sth February 1851 (se77
lo9 7O, while the increase of receipts for the cor
time was $233,1l2 p.
The debt due and outstanding February 29tb |
1861:
Loans 5essiy ed Of the ae of Mi ssspp maturing
Ellis payable maturing in 1861, 1862 ' W
Pny W,,bn g S 5.n. payable, maturing
Amount due s.ndry persons on nee unit
due other raToaIS s'' and do other bs ' 6s
balances pay roll accoant... S79S az 6
Coupons on first mortgage bonds, due
The mortgage bonds due in 1856 i'''Vo W. VS. III o.
outstanding amount to...... w o G5 I'm n, |
Making theotal liabilities of the Company 81 az ~ "a
Besides the above, the interest and sinking fund
due on LIST July next 1861, will amount to ahont
100000
The floating debt, as reSorted the 10Th Fosru.
aty, 1860, @xcluSyeof the Mississippi loans un.
To which should be addet nnSed deDs for Il
Eradna ion done, mat rial and labor for construc-
tim onr and road expense account, assumed BY th
And ii@bies for contracts made prior c''''O'' ''
Board, for locomotives and for
docke, i bradford 'i'V'7 ~
Co.'S contract As 822 45-lS65M 94ss5 lo4 n
Tho ao,trr deht IN ,st >,,ro, ,o,, S062 900 "a
loans OF the State of Mississippi s,.. s9a57I7 OF
n t reGhSti ion Of 81 2i3 so
round numbers, to make up The amount of The
neS earnings OF the Road for the year ending LIST
March, 1861, say
ron ra a. $l26ll8 81
mereS On tsa oorgags bonds paid July 1850. 600 60
lepo grounds, buildings and improvements ... 4350S 5,
rgs OF Wy. iemclng bridging etc lS4i3 So
ING OF Road .'..;...,.....,.,......;. 1868 %
Engineering and surveying iGi52 70
Do. freight .....,..' " "a 9SS $500 20
md ether miscellaneous accounts per statement SIS "a
1851 488 "a
we nave prepared and have ready for issue
eeond series of construction bonds, secured by a
irst mortage upon that portion of the road be-
.weeh canton and Aberdeen, Mississippi, and
SECOND mortgage upon the road and machinery
between New Orleans and Canton, for the cum of
hfee mi'iohs OF dollars, payable in thirty years
RON oetoper lst $780, bearing interest at the rate
y e'eh1 per cent. per annum, with commas /
ttaehed' payable semi-annnaiy on LIST of Anyig 7
nd lat of October of each wear, ,