, 1863-09-27
1oEAl..- ....-s-..s. -. 'ssseo<soaof"ga
The aeseta arc as follows:
Bop5e and mortgages secured on lind .$i1 900 nc0
10000 acres oflsod, at x1b...-...... l9, 000
Cash In bsnE .......:..,,..,,. 9n30i OH

Total. $3l 900 900
This ehowa enough, within million dollars, to
pay CT the bonded debt, and to pay back to tho
stock ho lders the par value ofthe!r stock
In addition to this. the Company has. tho
largest amount Of rolling atock Of any road In the
West tits at present comprised Of over 5000
first cass freight cars, 100 passenger aud mall cars
and 15o locomotives, all finished In frat class
style md with the latest modern improvements,
The estimate Of SIS per acre for their unso,a
lards IL low ~ Aone Of the best ta1min. lands Of
the State arc YET held by them. The sales of
1suts are row made In tmau parcels, to be eultl.
rated and improved. OF the LAST Z, 900 sales mado
by Tho Company, the average quantity Of each
sale has been only sixty acres. The eleven
million Of land notee, secured by mortgages On
lands heretofore eold by the Company, are good
beyond doubt. The principal Of these notes has
already been reduced by payments oyer Is per
cent, which leaves tho balance undoubtedly &C.
|. cu1e The interest the present year will
amount to mo1e than all the principal
paid on them in 1861. and tho fact that the lands
mo1tgaged are. from the improvements made On
them, worth, in most cases, three times the
amount OF the ipcumb1anees, will ensure the Ger
tain payment at maturity OF al the mortgages.
The Road this year with tta great feeder, the
NiaAIeslppi River, closed, win estn the enotmous
sum Of Il 10000 Deduct Copper cent. roperatiDs
expenses, which Is more th1n the average for tho
raet two years+ aud It will leave two and quarter
millions Of dollsrs, netr earnings, which will pay
over per cent on thirty millions OF capital stock
This, too, with tho country only one-.hird settled
along the line of tho Road. II our State goes on
hlpg up the next vc years. Is It ha. the past i've,
1t will be eafe to calculate upon IN lne1eased trac
to the Road Of 1t least Is per cent. per anuum.-
The Road does not owe one dollar Of floating
debt, is in perfect orde. alongits whole length and
bas replaced nearly all its old wooden bridges with
iron oncs, which will stand century.
Atan carly day, the company secured hrrc
tract Of land for depot purposes, which IL now In
The business portion Of tho city and vary valuable.
Should they find it 10 the advantage OF the road at
any time hereafter to remove their depots from
their present situations, tho lands On which they
stand wond quickly cell for upwards Of three NIL.
lious Of dollars. =.
With all these facts before him, any one can
readily judge what will be the future Of this grca
road. Wcshould think that the stock is at psescn;
int.lnslca11y worth In the neighhoFhood. Of aol
per cent ard cur opinion isbaaed On the following
calculation: &c.,
The assets will pay Oft al the bonded ...,
debt and dividend on the stock Of. 100 per cent
| The road low being In position to
Isiztx poa. ps5 cent Pe5 aa aept q
l. to dir!ds smong the stockholders,
.sze e E9S e. esss sses s2S I'd
he held, which would be equivalent
An tho presept ;to:Iode;s xould per cent
still keep their original stock,
whith would be '-.''.'.......;...'.1oop per eeui
The probable value Of the stock. 800 per cenl
n o+b $fnf hi -,ff hat