The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1869-05-05
The Greenville and Colum-
bia Railroad Company.

| The annual report of the opera
tions of the Greenville and Col.
umbia Railroad Company, for the
year ending December 81, 1868,
shows that tho gross earnings
fran all sources were $345,543,
from which are deducted $780,
231, for current or ordinary ex-
penses, and 100000 for rebuilding
and improving locomotives and
cars, rebuilding trestles and
bridges, and. for the permanent
Improvement of the road, not
properly included in the working
expenses, leaving q net income OF
$129,312. This net income was
applied to- the paymeat of ac-
counts chargeablo to maintenance
of way and conducting transpor-
tation prior to 1863, and to the
REDUCTION Of bills payable. All
the pay rolls for 1868 have been
payed, and the materials used in
that year paid for.
The earnings for tho past year
we're greater than the earnings
Of any previous year except 1859,
and 1860 and the three last years
Of the war. The number Of pas
sengers carried In 1868 was 45, ,2l4
or 1908 more than in 1867, and
tho number Of bales Of cotton 45,.
III or 1898 bales moro than IN
1867. These results, President
H"mmctt says, "muSt be gratify'.
ing to ali interested in the pros.
perIty ofthe road and the countr,
through which it passes, and cloar-
~ dc monstrate t at the road has
passed through it's greatest trials
and difficulties, and can in the
tuturo sustain and protect it.
sclr.''' .;.,... .,,t
It's expected that the earn
'ngs for the present year will be
largely in excess Of tho earnings
of 1868. For the quarter ending
March 81, 1869, the gross earn
ings were s120,677, or s16,905
more than tho earnings oflho cor.
responding months Of 1863. No
less thcn 5000 tons Of guano and
other fertilizers were sent up the
road in tho samo period, and, not
withstanding the largo increase,
''nll frcights have been promptly
forwarded to their several points
Of destination. a through ar
ranGcment made with tho South
Carolina Railroad Company, by
which frcights, both up and down,
are sent through without break
ing bulk in Columbia, has also fa-
cilitatcd the transportation o;
frcights to very considerable OK
tont."
The increased business looked
for during the year, will mako ne
ccssary an addition to the rolling
stock but this is expected to be
obtained by repairing and rebuild
ing old locomotives, and by build
ing new freight cars, all which
can be done without large ad-
ditional expense except for mater
ial, somo Of which is on hand.
Since January last, $50 tons Of
now rail have tcen purchased and
paid for, and arc now being laid
down and it is believed that
much Of the worn iron may be re-
placed in few years "without re-
ducing the net income below n
point which will be necessary to
meet all expenses, and pay all the
interest on tho bonded debt, when
rcadjusted, promptly as it ma
lures" During 1868, 5,262 cross
tics wcrc put into tho road, in
Guiding 8947 for tho Blue Ridge
Rood. This road is still worked
by tho Greenville and Columbia
Railroad Company, the business Of
tho former line botwoen Anderson
and Walhalla, having a m 8 t.
doubled since tho beginning Of the
lease. This, says President Ham
mot, "is somo slight indication Of
what may bo expected when tho
entire limo is completed to Knox
vile !; an evont which we should
look anxiously forward to, and
which wo have reason to believe
will be accomplished in very
fow years, or as soon as it oan be
Il /, IN, &