The southern enterprise. [volume] (Greenville, S.C.) 1854-1870, 1868-04-29
(From the Charleston Courier Of the 2bsh inst.
The Greenyille aud Columbia Rail
Road.

The Annual Report Of the President
"f this corporation. which WAS recently
suhmitted to the stockholders, makss q
gratifying exhibn OF its affsis. From
il We learn that the earnings for the
past year were $269. .7sT.47. and the
current expenses $l69 973 90, leaving
Ia ne. income Of &s9,sf3 81. This
smount has !'een applied to the pay
m.ens OF the avating debt, contracted IN
the restoratfon Of the properly Of The
Company DESTROYED by the freshet Of
1865 and the war which debt has been
materially reduced, as compared with
the previous year, and il now entirely
within the control of the Company
there remaining only a few claims Of
any considerable amount, and which
the income Of the road, If applied 10
that purpose alone, will soon entirely
exlinguish. The pay. rolls for 1851
have been paid, and the material pur
chased, including wood, lumber, aud
supplies for the work shops, have near
ly all been paid for. leaving small hal>
ance due FOR labor and material furnish
&c previous TO 1867. = .
The nett income for 1867 was DOT ~
large rs was expected at fret, but i,
should be remembered that the road
was subjected to many unanticipated
and unavoidable contingencies and mis-
fortunes. The crop along its line was
almost total failure, and therefore re
stricted the local travel and freighb.-
This fact, in connection with the straight
ened condition in which the county
was left at the close Of The war, com.
ple,eiy raralszed and pros,ra,ed Lusi..
ness Of every kind. IA an Indication
Of the great scarcity Of provisions. re-
sultiug from the unprecedented failure
of the provision crop, says President
Hammett, there was sent up the road
during the year 2oo 655 bushels O! corn
and 047 hegsheads Of bacon, nf which
22.8o0 bushels Of corn and 10 bogs
heads of bacon were charitable dona.
lions fom other sections Of the country,
transported free OF charge. It may be
added that in confederation Of the great
desii,ution Of provisions along the line
Of road, the directors reduced the tariff
on corn 10 ten cents per bushel f,r the
entire line, and in the same proportion
f"r Intermediate stations, with the inten.
tion Vf contributing. as far as possible.
towards The relief Of the people. There
was also large quantity Of guano. and
other fertilizers sent up the road at a
nominal charge; but thi., il 10 believed
has been amply rernunerative IN the in
creased production ef the crop Of 1867,
resulting from its applicalion-but little
"f the crop was brought TO market un
vi after the Is, Of January.
The amount of work done in 1857
exceeds that Of the year previous, IS is
shown by the fxct that during the latter
year the number Of miles run was lS3,.
872, while fur the year previous il was
llS.446, being an increase Of 65, ,428-
and that the gross income is not increas
ed in the same proportion Is accounted
for, in q great measure, by the fact that
large portion Of the freights moved
were Of the class which were sent al q
nominal rate, and donations for which
no charge mas made. - -.
During the year there have been put
into the track 1929 cross ties, and
6,6l9 stringers, including OILS cross.
ties put into The Blue Ridge Road, from
lst June TO 3lst December, besides a
large quantity Of timber used in repair.
ing the tres,les along the line. While
these repairs have increased The current
expenses Of the year, ard reduced the
nett income which would otherwise
have appeared, it was thought best 10
do 1t. as il increased the value Of the
property Of the Company and is likely
10 reduce the expenses from that source
in future, and make the road saie. The
through depot at Columbia has also
been built during the year, at q cost Of
&4,a57 80; being one-hsif the coat, the
South Carolina Rail Road Company
paying the other half. A depot has
alse been built At Pomaria, 10 replace
the one destroyed during the war and,
ako, a temporary one at Williamson.
During the months OF january. Feb
ruary aud March, 1868, there have been
brought down the road 32.253 bales
cotton. which is an excess Of 970 bales
over The receipts Of the entire year Of
1867. The grnss earning for the same
months are $lO2.T65.26. which i.
$2s.272 81 in excess of The correspond.
ing rnoa,hs Of 1867. There still re-
mains. says the President, "iargs quan.
titles Of grain on the upper end Of the
line TO be brought down, and as ihe
quantity Of cotton sold, and the high
prices realized for il, hss increased The
amount OF money along the line Of road.
il is reasonable to. expect an increased
income from all sources during the bal