The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-04-18

Northern Railroad Company
Gentemes-I have the honor to submit, for
your Information and consideration, the present
annual report Of the condition of the road and
management of the affairs of the company to the
2sth February last, the termination of Its fiscal
year.
In compliance with the requirements Of the law
I made to the governor and Legislature of Louisi-
ana, on the 30th of December last report of the
receipts, expenditures and general condition of
the company to the 3Oth November. 1868, from
which shall extract in all matters not materially
changed since that period.
The road-bed and rolling stock Of the company
have been much improved since the last annual
report, and will bear favorable comparison with
those of any road in the South. No accidents Of
any serious nature have occurred during the last
year, and the prospects of the company will be-
come brighter as the country RECEIVERS from the
prostration of business resulting from the late
war.
Two passenger and two freight trains leave and
arrive at New Orleans daily. sleeping car runs
through, to and from Louisville, everyday. SINH
lar arrangements will soon be made to Columbus,
KY. and TO Chattanooga, and one or more pas.
senger cars will be added thereto whenever the
travel on those routes will require it. Moreover,
patented seat, (Blood's), with movable back,
is being introduced in the passenger cars Of this
company, which will greatly relieve the fatigue
of travellers during long journey, and will enable
them to rest almost as comfortably as In q sleep
ing car.
The entire motive power and rolling stock Of the
company consisted. on the 2sth February last of
81 locomotives, ASH cars of all kinds, and 30 pairs
l..x,I IL cra;o Co.
date wants Of the company. The repairs of the
road and renewal of the rolling stock have
been paid for from the proceeds of the road.
The crib-work across the swamps and prairies,
from Pass Manchac to near Pontchstouls, are
constant source of expense in repairs. It has
been thought advisable to ill up with earth said
crib-work, and to raise the track above overflow
from the river or the lake. A proper steam ex.
cavator has been purchased lately, with which
the work can be done at o moderate cost.
After much trouble and annoyance, q daily
through freight line to and from Louisville has
been established, under the supervision OF gene
raj manager of undoubted experience, activity, in
telligence and honesty. The most satisfactory re-
suits are expected from this arrangement, and, IL
successful, as 1t is hoped, the same system VIII be
applied to the other routes, Northern and East
ward, on which through freights are only occs
sonslly received.
BY the Louisville route freights will de deliy.
cred here from Boston, New York, etc., in from
nine to ten days, and at an average price for
light and valuable goods cheaper than per
steamer.
During the past year, to February 18th, 1869,
the freight and passenger earnings have been ST..
IA, 2l3 81, averaging sos ,35l Is per month, not.
withstanding the unusually wet weather of the
last winter, which has materially affected the re.
ceipts of the road.
The lowest earnings for any one month (June)
was $57 500 Is, and the highest was (for Decem.
ber) STAG, los IS. The mail earnings for the twelve
months have amounted to sz5.z4s ~.
The cost Of operating the road, SO 6-10 per cent.
of the gross earnings, will compare favorably with
that of any road of the same length (2O6 miles,.
and which is usually over 60 per cent. The per
centum on this road would have been materially
decreased, had our aniiripations of business been
realized.
We have funded in this city and New York. to
2sth February. 1869. is 275 coupons of our first
mortgage bonds, which matured during the war,
Tor 1871 600 WORTH and the trustees in London
have funded to the extent of GOO coupons, Tor
$26S 600 WORTH being all the sterling coupons to
be funded. There remains to be funded In the
United States of the entire amount sIl7,2S0.
The total indebtedness of the company, float.
ing and bonded.) including all estimated interests
on personal accounts and bills payable, cannot
now exceed $4,750.0O0. which can be readily
managed with the receipts Of the road, estimated
at 81, 100000 per annum.
The following statements accompany and form
part of this report:
"A"-Report of Civil Engineer.
"B"-Report of Master in Chancery.
"Cn-Statement of the receipts and expendi.
lures of the company from its organization to
February 2sth, 1869.
"Dn-Ststement of the receipts and expend.
lures Of the company from March LIST, 1865, to
February 2sth, 1869.
"En-statement of bills payable and loans out
standing February 2sth, 1869.
of and Statement of the disposition of 5000
first mortgage bonds of the company, reasonable
July lat, 1856 also, of 5000 second series mort
gage bonds of the company, redeemable October
LIST, 1890.
"H u-Siatement of the floating and bonded
debt of the company on 2sth February. 1863.
"Ir-Report OF the general superintendent for
the year ending 2sth February, 1869, embracing
the following statements
1. Statement of inward and outward freights for
the year ending 2Sth February, 1862
2. Comparative statement of cotton received
from March, ls67-'s to March, 1869.
8. Statement Of passenger earnings for the year
ending 18th February, 1869.
4. Comparative earnings from lst March, 1866,
to February 2S, 1869.
s. Annual report Of the storekeeper for the
year ending 18th February, 1863.
6. General balance sheet of the transportation
department for the year ending 2sth February,
1869.
Z. Tabular statement Of the number and con.
dition of different engines during the year endiag
18th February, 1869.
Statement ecu shows that the
receipts from all sources from the
organization of the company to
the 18th February, 1869, amount
| While the expenditures for the same
period amounted to............. O,Gl9 553 A