Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-08-27
Elsewhere the report says:

/
II will be observed that the expenses
for the last eight months Of the year were
only $456,66l rs, or $67,082 u per
month, and il is believed, with the pres
ent improved condition of your roadway
and rolling stock, that this low rate OF
expenses per month may be obtained IN
future. At least a fair estimate may be
set down at 100000 per month, or $780,
600 per annum. With the present Hat
tering prospect for good crop OF cotton,
as we'll as cereals Of every kind, 1t 10 be-
lieved that your roads receipts must
greatly improve during the next year,
and we may hope we have passed through
the fiery ordeal and have seen the bot
tom of our troubles, and may confidently
look for better times in future. Your
receipts ia future, il is confidently be-
lieved, will reach SUN sufficient to pay
interest on all your bonds, and semi.
annual dividend of six per cent to your
stockholders, which will require 5,0O7
30, as follows:
Two semi-annpal dividends Of three :. :.
per cent. on IS. Sl2725 stock......:.-$3ls.7eo so
Interest on State OF Tennessee debt
at six per cent. on u 800. $50 ..;... so,I5i W
Interest on first mortg: yos bonds at on an m
Interest on second mortgage bonds
at seven per cent. on 81 ,OOO. O00..... 7o,W0 %
Total sum required. ,007 so
Your floating debt being all paid, or
ample means provided, you will have no
outside interest or other matters to pro-
vide for. With considerable amount Of
bonds of other roads on hand, and other
assets that may be made available, 1t is
believed you may expect your receipts IN
future, with your reduced expenses, to be
amply sufficient for the payments above
stated. You will have no negotiations to
make, your finances being easy and your
property in good condition. II is only q
question of little time, to allow the
country to recuperate from the terrible
ordeal it has passed through during the
past seven years, most of the time in q
civil war, which has left behind it all the
elements of destruct to the material
interests of the country generally, Incl
dent to such conflicts.
The report contains much interesting
Y fact and deduction, which we would
y lludeto did our space permit. Wecon
IAnt ourselves with single extract as
vlows:
1T THE Memphis and Little Rock railroad
Il petrates the West from your western
ID minus, and will bring large trade to
a hphis to be distributed to the varions
!. of road concentrating at that point
nt Nnow so far advanced that some ar
ne rtment should be made to complete
ut itbd it has been rumored that some Of
=. thNorthern lines are bidding for its
: cokl, in order to secure the through
butss from that remote Western
e. req penetrated by this read. II has
st beerproposed to us to join the
a. Merfs and Louisville line, in giving
VI theuth aid as will secure their early
al COMMON, and assure to each line a
re fair. equitable distribution Of its
busin without discrimination. l re-
=. gard ! closely connected with you
a' that N almost be equal to an extern
Is sion ORR line, should you secure an
lis equal u in its management, which by
n. all meqhould not be allowed to pass
:. out OF ythands if possible to obtain it.