The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1870-04-27
Grecovillc ana Columbia Rail Road.

that the gross earnings fe.n frelSnts.
passage and mails were $1,000 $50
Net earnings, after paying operating 'ex-
pensc<, locomotives, repairs, ESQ tons
rev I iron, etc, Sl54,iy2.I7. This
amount is accounted 70. in the payment
Of interest on bonded debt, reduction Of
bills payable, &c. The earnings Of 1869
in excess Of 1868 were S54, ,559533>
Thc following will show Tic amour.
Of earnings Of the four previous ysaTs
since the war, H:.!:t :t2 cSccss Ct las:
year [ls55! over each, ard the per cent.
os gain IN 1859, is cOl'Farr;l with each
1869, s4oo,1o3.5o; 1868, s3l5, 1881;
excess SJ+,55o.5s, sI5.7oloo per cent,
1861, S3G9, 9,7S7.47; excess sl3o,3l5.53-
1881 100 per cent. 1866, 5l,93l.l9;
excess sl4s,l72.5l-5S.Sl-lOo per cent.
1865. s254,5lGSG; excess sl45,5SG.6t-
57.2o.l00 per cent.
The expenses Of last gear as compared
with the year previous, shows an increase
Of S3I ,45530, and which is accounted
for by the increased amount Of timber
put into the track, bridges and trcstles,
etc. The whole line of road with its two
branches, lG4 miles, together with thirty
three miles Of the Blue Ridge road, run
foi five mouths under lease, making in
all It's miles, was operated and run with
passenger and freight trains at an average
cost per mile Of 1891, 40. The want Of
sufficient depot room for storage is felt,
aud it IS recommended that the Colum-
bla Depot be enlarged to double its size,
and that the dc2e,s at Littlcton, Chap
pc!l>, N;wc,y Six, New Market, Green.
wood, Hodges, Donn.!l's, Belton, Will
liaaston, and Golden Grove, be replaced
with new ones Of 1T least twice the size
ofthc present old and di!apidatcd ones,
snd also passenger depots at Columbia,
NewbcrrS, Belton and Hodges, and com
Portable shelters for passengers at other
deputs cn the linc. Number Of paSsen-
gers carried in 1869, 53,3G3, in 1865
45,2l4; b.irs Of cotton in 1869. 5+,490.
in 1868, 45,lll. The quantity Of fcr,i'i-
zcrS sent up from Is. January to the 1st
inst, is more than for the entire year Of
1869. Cost Of road and property s., l6l,-
7US. 50; cost over capital stock paid in ST.
65l, 3339S. i statement i'll detail Of
bonds and certificates of Indebtedness to
March 2lst, 1870, is satisfactorily shown.
The report concludes:
1t must be gratifying to both bond
and stockholders to krow, that in conse-
qucnce Of the Increased business ana
consequent prosperity Of the roai, the
prompt payment Of interest, as it ma
lures, and the confidence feltchy capital-
lists ani the community, that the Com
pany will be able to satisfactorily arran-e
the small balance Of their past due bonded
debt, that the market value of their
bonds has advanced within: the last two
years at least three hundred per cent,
and that they now command nearly as
high a price as the first class securities
in the State.
This result has no doubt been FASTENED
by the prospect of the various connec-
tons soon to Lc. made from:tbe upper
end Of the Inc, some Of which are now.
being built, and others soon TO be com-
menced. ,--.. .
When completed, the Greenville and
Columbia Railroad must and will form
the trunk line thin this State from the
Capitol to the Northwestern States,
bringing into the State tine rich products
Of that vast and rich section, ard inviting
commercial intercourse with its people.
Tie various railroad lines now pro-
jected in. the Northwestern part Of this
State must also greatly facilitate the de.
vclopncn. of the resources Of that Sec
tion-agricu!turai, manufacturing and
mineral-and build up local business
thercfrom for all the roads passing
through it beyond the most sanguinc ex-
pcctations.
1t is certainly gratifying that no: only
the future prospects of the road arc
Frightening, but that the country through
which it passes is growing in resources
and prosperity. The report altogether is
highly Interesting.
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