The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1869-05-05
The Greenville and Colun1-
bia Railroad Company.

The annual report of the opera
tious of the Greenville and Col.
umbia Railroad Company, for the
year ending December 81, 1863,
shows that the gross earnings
fran all sources were $345,543,
from which are deducted $780,
231, for current or ordinary ex-
penses, and $4,000 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 8 net income OF
$l29,S12. This net income was
applied to. the pagmeat Of &C
counts chargeable: to maintenance
of way and conducting transpor-
tation prior TO 1865. and to the
seduction of bills payable. All
the pay rolls for. 1868 have been
payed, and the materials used in
.thatsyear paid for.
The earnings for, the past year
were 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 1924
or Il, ,013 more than; in 1857, and
the number of, bales Of cotton 49,.
Ill or 1928 bales more than in
1867. - These results, President
Hammets says, "must be CRAFTY
ing to altintersstedain the pros
perity ofthe road and the country
through which it passes, and clear
ly de monstrate t at the road has
passed through it's greatest trials
and difficulties, AMI can in the,
future sustain and protect it.
self" ....H H..
II is expected that the earn
ings for the present year will be
largely in excess of the earnings
Of 1868. For the quarter ending
March 81, 1869, the gross earn
ings were s120,677, or s16,so5
more than the earnings ofthe cor
responding months of 1863. No
less then 5000 tons Of guano and
other fertilizers were sent up the
road in the same period, and, not.
withstanding the large increase,
"all freights have been promptly
forwarded to their several points
of destination. A through ar
made with the South
Carolina Railroad Company, by
which freights, both up and down,
are sent through without break
ing bulk in Columbia, has also IA
cilitated the transportation o.
freights to a very considerable ex-
tent" .
The increased business looked
for during the year, will make ne
eessary 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 a large ad-
ditional expense except for mater
ial, some Of which is on hand.
Since January last, 25O tons Of
new rail have teen purchased and
paid for, and are now being laid
down !; and it is believed that
much OF the worn iron may be re-
placed in q few years "withoutre-
ducing the net income below a
point which will be necessary to
meet all expenses, and pay all the
interest on the bonded debt, when
readjusted, promptly: as it ma
lures" During 1868, 65,262 cross
ties were put into the road, in
Guiding s947 for the Blue Ridge
Rood. This road is still worked
by the Greenville and Columbia
Railroad Company, the business Of
the former line between Anderson
and Walhalla, having al m ost
doubled since the beginning Of the
lease. This. says President Ham
met, sis some slight indication of
what may be expected when the
entire line is completed to Knox
vile an event which we should
look anxiously forward to, and