Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1866-12-01

iron ~, - oS,s07 81
g First National Bank-dis-
counted paper 26,5il w
6 Mail transportation, lO,24S 3O
6 Virginia Central r. L. Co., lG,l90 4b
And from other small sources, not
necessary to enumerate, 2,3ll 81
Total amount Of cash received from
9th June, 1865, to 9Th April,
1866, sTO7, 100 %
During same period their payments
are stated to be 706, 296 IS
From the foregoing statementit will appear
that the Agents Of the Board Of Public " orks
expended on account of the Company the ag-
gregate amount in cash and credit OF $780,
Al 81. AS compensation for management,
one of the said Agents, MIR. p. Quigley, drew
on the 9Th of March, 1866, the sym Of 5000
"a service at that tune Of about eight months.
In presenting the foregoing statement the
object has not been to invite criticism, but to
state facts for the information Ct the Company.
Comment upon them now, is not necessary Tor
the purposes of this report.
As before stated, the Board Of Directors
came into the possession of the railroad and
equipment of the Company on the Gth OF
Al ril last. They Immediately proceeded 70
perfect an organization by the appointment OF
the experienced and efficient principal ottlcerS,
formerly il its service Their salaries were put
at the rates established in 1861 and rigid
system Of economy at once directed to pc put
in operation. Tue General superintendent was
instructed to reduce the number OF operatives
and employees, as far as was compatible with
the dispatch Of business, and to curtail all ex-
peniiturcs not absolutely required tor the prop
er working of the road. The large existing
paw rolls were at once reduced, and expenses
kept down and made to bear their proper re!a-
ton to receipts. The fruits of this policy we're
well attestcd by subsequent results, and are ex-
hibited in the retu rns now presented Tor the
consideration OF the stockholders.
REVENUE.
From the 9Th Of April to the lst Of October
last the total receipts from transportation Of
passengers, freight and mails, have amounted
to the sum Of $500, 1Ol. II; makpg an average
revenue, per month, Of faction over $50, OO0
OF this aggregate amount, 4,S23. 81, has
been derived from carrying passengers; $751;
S0S07 from freight, ard the residue from
trans ortation Of the mails and express matter.
For the operations OF the SIX months referred
to, the receipts Of the month OF April have
been the least, amounting to the sum OF S37,-
$685. g, end those Of September the largest
being for that month, 81, $3.50 The ex-
pcnsas and cost of workiDg the road for the
same period are SlI7 ,450. 30, leaving nett
revenue Of 5iO2, 65l.47 received from 9th Of
April to 30th September last inclusive. This
result cannot be regarded as unfavorable under
existing circumstances, much Of the immediate
country land that heretofore the most produc-
tive part through which the line of the rail
road extends, having been devastated By the
ravages Of war, and the usual production OF
crops cGrtailed, aud its population greatly
restricted IN their present means necessary for
travel and locomotion. AS the country regaiDs
its capacity for production, and Can realize
from sales Of its crops hereafter, it is fair to
assume that The local business of the road will
largely increase The through business, both
passenger and freight, must also improve as
communications are perfected with other Rail
roads, and az additional daily train, already a
necessity, put on the great direct through line
trom WASHINGTON to New Orleans, OF which
your railroad forms part.
RECEIPTS AND DISBURSEMENTS.
The following return OF the state Of the
Company for the period ending Oh the 30th of
September, will show the account OF disbursc-
mentS anC: receipts up to that date.
The following statement will exhibit the
genera! financial condition Of the company:
Ia the form Of funded debt secured by mort
gage, there is due and outstanding as follows:
On lst issue Of bonds, due LIST No.
TcmbCr, lcto.... 9sGUUJU w
I'D s. do.................... LILO, 500 60
I'D = da................ 5705GG co
9th :: Go.......,..,...... $1,000 90
Total mortgage debt.......... 50 137, 400 co
There is, also, due Of loan, made BY
State Of VirgiI,i 40 9G2 u
Interest on ACKNOWLEDGEMENTS. 1920 co
The company also stood indebted
on lSt July last. Tor overdue and
matured coupons Inclusive ot
those Oh fist mortgage, due lst
November, 1862 at that date, in
the sum Of. ..................... 503, 1916 co
The following is the amount Of temporary or
floating debt outstanding, w:
On bills payable, and other debts
due IN 1851 i29 li9 10
Estimated interest on sanc........... $4,000 co
Interest dye on preferred stocE Il do 0d C CO
Indebtedness Of present year,. lG5, 497 q
Tota! temporary debt, exclusive Of
over due coupons. 1885,, 78O 81
Against the foregoing Indebtedness the com
panv h olds the following resources, viz:
hSi iortaagc bonds of2d issue on hama $1,000 90
9 . I'D . y " 1t, 6GO %
" " An " " Gi3 GOO 90
OF Preferred stock .................. $500 90
Total. .......................... 1918, 400 co
TRANSPORTATION.
In the special report Of the General Super.
intenaent herewith submitted, full account
is given Of the operations of the transportation
department.. of the condition CT tie road and
its equipment, With all The details for expenses
incurred OF working the same. 1t is not thcre-
fore necessary, in this statement, to recapitu-
late the facts already embodied in the report
referred to above The departments believed
to be economically and efficiently managed, Of
which the moderate working expenses, regular
ity in moving the trains, amout Of tonnage
transported, and absence Of accidents, afford
the best guarantee. The charges Of tTsnspor,
tation have been carefully considered and class