The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1869-05-06
Report of the President of Ihc Ne w
Orleans, jackson and Great
Northern Railroad Company.
OFFICE y. o. j. q G. y. X. R.Co-t

OFFICE y. O.. ]. q G.. y. Il Il. Cot
New Orleans March p, 1869 \
| t. the Stockholders Of he Act0 Orleans, Joct
500 aud Great Northern Railroad Compare
o GENTLEMEN l have the honor TO submit
: | for your Information and consideration. tl
present annual report OF the condition OF I'll
road and management OF the affairs of III
9 Company To the 18th OF February last I'll
termination OF its fiscal year.
1 In compliance with the requirements o
the law. | made TO the Governor and Lcgis
lature of Louisiana. on the 3Uth Of Decem
Der last. a report of the receipts eNpendf
lures and general condition of the Company
TO the 30th OF November lSCS, from which
| | shall extract in all matters not materially
changed since that period.
The road-bed and rolling stock OF n,
| Company have been much improved since
the last annual report, and viii bear a favor
| able comparison with those of any road III
the South. No accidents OF any serious ma
ture have occurred during the last year
Two passenger and two freight trains
| leave and arrive ut New Orleans daily. A
| sleeping ear runs through, 70 and from Lou
| isville, every day. Similar arrangements
| will soon be made 10 Columbus. Ky, and 10
| Chattanooga. and one or more passenger
| ears will be added thereto whenever the
| travel on those routes will require il. More
| over, a patented seat. (Blood's) with move
| able back. i being introduced ia the passeu-
ger cars of this Company, which Will great
| ~ relieve the fatigue of travel during "a long
most a. comfortable as in a sleeping car.
The entire motive power and rolling stock
of the Company consisted. on the 18th OF
February last OF 81 locomotives, isl cars of
all kinds. and 50 pairs OF lumber trucks
amply sufficient for the Immediate 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 sWamDs and
prairies, from Pass Manchac to near Pont-
chatoula, are constant source of expense
in repairs. 1t has been thought adv iSablc
to fill up with earth said crib-work, and TO
raise the track above overflow from the riv-
er or the lake. \ proper steam eNcayator
has been purchased lately, with which the
work can be done at a moderate cost
After much trouble and annoyance a daily
through freight line to and from Louisville /
has been established, under the supervision
of a general manager of undoubted expert +
ence, activity, intelligence and honesty. The
most satisfactory results are expected from
this arrangement, and if successful, as il is |
hoped, the same system Will be applied TO
other routes northward and eastward, on
which through treights arc only occasional !
ly received.
BY the Louisville route ffeights will be .
here from Boston, New \ ORR, 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,
! 500, the light aud passenger earnings have
been Sl,14h2l3 ~. averaging S95,3lJ 3 per
month, notwithstanding the unusually Wet /
weather OF the last winter, which has ma
terally affected the receipts of the road.
The lowest earnings for any one month
,June) was S57.S00 %, and the highest was
for December.) Sl46,l0S %. The mail earn
ngs tor the twelve months have amounted
10 S25,21S 10.
The cost of operating the road, - Clio per
cent. of the gross earnings, will compare ia
Vordbly with that OF any road of the same
eugth .206 miles and which Is usually over
80 per cent. The per centum on this road
would have been materially decreased had
our anticipations of business been realized,
We have funded in this city and New
DIRK, to 2Sth of February, 1861 ls,2I5 cOu-
lons of our first mortgage bands, which ma
ured during the war, cor $13l,UOO Worth)
md the trustees in London have funded TO
he extent OF goo coupons, COR S26S.OOO
vorth,) being all the sterling coupons to be
unded. There remains to be funded in the
United States of the entire amount Sll7,2
The total indebtedness of the Company.
loating and bonded, including all estimated
interest on personal accounts and bills pay I
bile, cannot now exceed s1,15O,OOO which
an be readily managed with the receipts OF
he road. estimated at Sl,5O0,OO0 per annum.
The following statement accompany and ;
orm part of this report
''A"-Report of Civil Engineer.
'.B''-Report OF Masters in Chaucery.
'-Cr-Statement of the receipts and eN- .
=
zation to February y, 1850
"D"-Statemeut of the receipts and cN-
enditures of the Company from March lst !
Sos. to February 18th 1869
''E"-Statemcnt of bills payable and loans
February Is, 1860.
IF aud G'-Statements of the disposition !
f 5000 first mortgage bonds ofthe company. Z
July |, 1856; also Of 1000 second .
cries mortgage bonds of the company, re-
eemable October !. 1880.
of tho fnatfpsf nd ,Af 7
d debt of the Company on the 18th, Febru- :
nv. 1863.
"I''-Report of tire General Superintcn- q
ent for the year ending 2Sth February, !
$50, embracing the following statements
l. Statement of inward and outward ,
reights for the year ending 18th February, =
?. Comparative statement of cotton re- v
eived from March, lSG7-'s, to March. 1869. l..
3. Statement of passenger earnings for %
he year ending 2sth February, 1869,
4. Comparative earnings from lst March. y
SG6, to February y, 1863.
g. Annual Report Of the Storekeeper for the II
ear ending 2Sth February, 1859 II
8. General Balance sheet Of the Transpor- b
ltion Department, for the year ending 2sth ];
1859. 81
= Tabular statement Of the number aud con- @
ition of different engines during the year end y
~ 2Sth February. 1869. Ia
Statement &C shows that the receipts from n
Il sources from the organization Of the CONF II
any 10 the -ctH lfN'''. dlhouuiffl L.
646 2l9 20
lille the expenditures for the =
same period am9unted........-.-. 2O.bl9-JJ3 n !
eaying a balance on hand Febru-
airy % 1853, of.................,... Z5.G4b - o
Statement ID shows that the total receipts 4
ON March l. 1868, 10 February u
%, 1859, amount to..--..-........sl iGlsns ~ :
follows: c
alance hand =
March J. Is6s-.....$ - O7O p O
abroad earnings..... ,l6i,936 70 6
-cOnd series mort (
gage bonds and O
riOus other sources 26S.S3l 30 4
- - al So 30 r
lille the expenditures amount TO 81 49, ~ " t
nndry items............s 1886 p :
DAD expenses, az fol- 4
lows:
maintenance Of way. 1885 10
transpor- =
otive power. l6s.l4 - y
aintenanee of cars 65.55l - q
-..,....... Z2fUZ3 - e
S569l55 81 4
- ------ SI43jll2 o. il
eaying a balance on hand Febru- t,
airy =, 1872, of.....,s.,.-.......-... ZJb.b ~ o
Statement e shows that the bills payable | @
nd loans outstanding February y, 1853 I
mounted to 500 $50 II as follows: n
ills payable matured in 1852 and q
never presented for payne his lJib - o.
ills payable maturing in March 1859 zoo - n
lis payable maturing in May lSG3 l6ooo % q
ills payable of Paymaster issued in =
1864 and supposed 70 be lost.......,. 2Jl j. y
hickasaw School Fund
Of Mississippi -. 500. 600 %
hree per cent. Fund of -
MlsslssIp pI.---..--..---,.- ZQpbo ~
urrency loss account. 32,Zl9 - :
old loan accouDt......-.- % ~ y b
s27s 642 Il G
500 90 o1 =