, 1862-07-13

DIRECTIONS REPORT.
The paescpeer earnings, which have decreased
every rear since 1851, have this year fallen below
the previous, while the freight earnings hare 1n-
creased q per cent.
The injury to the Central road by the state OF
the country has been owing 10 the geographical
position Of the road, but in & slight degree made
IN By the patronage Of the Government.
While TIE srosE earnings Of the road have ircrcas-
ed S3O3 1ssS1, the increased running expenditure
has only been $17179.64. In regard to this fact.
the directors report Gays:
We do not consider the fact that the gross earn
luss have been increased s313 1ss ST. with - in,
crtased expenditure Of only 17v e., as evidence
OF grester economy except IN Tie" Of the act that
/ termed have not been higher than those Of the
previous ytar, Nor do VIC as une that the line Is
| worked economically because the working c5-
| pepses are less thai half the gross earnings
We are aware that the short hand judgment OF,
| dinA1ily adopted. would decide road to BE- Wen
1nanaged, which used forty-ciaht per cent Of i It's
yrpss cummings in operating expenses, and another
to he i'll managed if il uscd flxt! per ccnl.' aad
thia, even though the former received fuur ccnts
and the latter but two cents mile 1or It's tratnc,
which would bring the expenses Of the approved
| road sixty per cent. higher than the othe7.
in forming Judgment npon what ING eost q q
| Gt,cfatnu ought be- certain chlractcflsI1S5 oI
tic traffic which materially affect it should oc care
II hen The physical character Of roads ia nearly
All u1her things being equal, the road which has
! the latres1 traffic PCT mic can De wofhea ~ tae
chtapcst rate because its fixed expenses, arising
f from the lecav Of pcr!shab!e materials and tnt
like: are epread ovcr larger amount u "ofA 10 Ut
al other things being e1ual, the road having tht
1arrcst passenger business in proportion u IN
passengcr t.a1ns il is obliged 70 run, can carr,
: AIDING comparatively little TO the cost of IN
train When the freight amounts to more tna1
,3n-- -.
be more uniform THAI is practicable in the passen
ger rra1ic, for nothing can hc gained by multiply
, Ing their number beyond the requirements Of III
C Ulher thinse being equal. the road whose hus
e ness in both directions is 'u5t cqal can WoIk
5he wonid mpy IS
It other thing: helns equal, the road whose aye
acc haul ot freight is the Longest can carry II
L. H. ecapcst rate, as the receiving and deltScrir
ezptnscs win add to the ui1age cost,
cther things beins eGual tue Toat t HSr whoze ons
q do il a. the ctcapcst rate.
il Our experience Of the past rear has 5t7engths
e ed our conviction that tlle more Intelligent "a
L. read ua1agere become in respect to th. details
their working expenses, and the less they act
~ general impressions tue more sure 10 tnsir p
s.: same thorough and Systematic attention to Get
is elvrn TO the management OF this proper
- fncsuTsa has rtduced tie cost 1t piaeiag yard
cloth f>om thirty to three cents. u WIZ aaa mn
to The tubst ntial value of this Elno OF anSeslne
The cnDF1ncfahe iE,Qfofe1leAl ~ TUG t.olo
Of working has not been made a. tue expense
the Permanent properly Ut l64IlS stu:h ~
Company, but rather hy careful attenslou 70
taile, the nscertalnment OF the COST. N netau
working many we'll managed lines. and endeaf
ing to bring each part Of our expenditures a. :!
at Mi as model from which 10 Improve. as N
- smonr thc considerable items Of cxpcnditur
' VI toan;ng IN md iunrnyinc the property, msy
Henrnd6 AF ~0N
IS mllce of ncw rails.
3ttl ieet ne" - Siae a;aeAt horso Of .3;ch;,an
.nts Enlargement Of engine house q a. 1llen1sasn
cur ncn smail passsnesS5 s't es,;ab4 npoers' oars
19o new ietfo,,a frei9ht freiGh cs+s
T1S WaiS a. 1psiaa9a1,ie e. aG,on1t NJ nev Bor
sHallel l,en!s. A., ., ,~,t- tas :,
IN cobc!us1oo, ahe ~nole ptope9l5 54;.,o w. ~ u
oon oeen n oettet ot a i.v1e IS "; ranort ~
ooE- NorS tnAn ~ tns uatE zs-o7 -. t ~ 1,rs
ock. orsah1Zat1cn peIle! Piepaseo M ~ w , 'a'5e
o. ness 81 al eeonollilss4 iate'
TEEAeERERs REPoHT.
dT! rpm o9ne ~: ~ iSeo, W
sery 5une la;a l., @ do,l' Ills r. - MA 4
: 10 ,ee4ptin" eptS "s'I a1nenses
,11od ;nc1ndinrtsx S1f37fat35
Sinking fund payments S4a1.0o
Tota, Expenditures s,1 1,nS.
-
Balance: .....-....'.. slA,S
se4s' f1pt anne 1s.s tS!; iroa. r. ~ u
"" ea-n9a .rrare 9sf3E