Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-04-01
Actual net earnings over an *


penSeS fJ0 II
The extraordinary expenses, however,
which are included in the above amount,
are, say, SC, 421.11, which would make the
actual net earnings over and above the
cost of operating road amount to the sum
of 80, GIG. %, or fraction over 81, 500 per
month, and this, too, during the very dull
est season of the year. It was only
from the increased earnings Of the road as
compared with the same time last year,
that was enabled promptly to meet this
extraordinary expense. The comparison
shows an increase of say $500. This 1
consider as doing extraordinarily well, con
sidering that Immediately after the cancel
ling of the lease the President of the Evans
vile, Henderson and Nashville Railroad
ordered the track torn up at the junction
of this road with his, and as those opera
ting the Evansville, Henderson and Nash
vile Railroad had, during their lease Of this
road, taken up the track from the junction
of the Edgefeld and Kentucky and Evans
vile, Henderson aud Nashville Railroads
to what is known as Bibb's Station, on the
Memphis, GAINESVILLE and Louisville and
Memphis Branch Road, we were without
rail connection for say thirty days,
which necessarily embarrassed the
business of the road by reducing
it to local trade entirely, and thus
cut down its receipts. In conjunction
with Superintendent Robert Meek, of the
Memphis, GAINESVILLE and Louisville Rail
road, I Immediately went to work and as
soon as possible had the old connec-
ton re-established. On the 9TH of De-.
cember, 1869, E. G.. Sebree, General
Agent of the Evansville, Henderson and
Nashville Railroad, and myself on the part
of the Edgefeld and Kentucky Railroad,
entered into a joint running agreement,
either party having power to terminate the
same at thirty days notice, as follows !:
Cars to run between Nashville and Hop
kinsviIle and intermediate stations, with
| out any change or transfer at Guthrie OF
either freight or passengers, the engine
| and train men being changed at Guthrie,
mileage to be paid at tbs rate Of twenty
| cents per mile for engine, five cents for
| passenger coaches, four cents for baggage
cars, and two cents for freight cars-the
EdgefeId and Kentucky Railroad paying
half the expense of keeping up the IT'S
at Guthrie. The day following this
agreement the track was relaid
and the connection with the Evansville
Henderson and Nashville Railroad agail
made. This agreement is still in sorce
After re-eStablishing both connections,
turned my attention to the rebuilding o
what is known as T" Big Trestle, the mos
important and expensive superstructure Of
the road, and which, by the way, / foun'
in very bad condition-this l have tuA,
| completed. and l am safe in the assertion
4 l. ~ -
found have also partly rebuilt what
known as ''Mantlow Trestle." During tn
spring or summer light repairs will be re
quired on both Spring Creek and Re
River Trestles, which, when completed, w
leave the entire superstructure OF the roa
in a good and safe condition. As befol
stated 1 have been constantly repairing ID
rolling stock and motive power Of the roa
with the view of getting it in goo
, | working order for the years business
and 1 doubt if any exception coul
be taken to its condition. During Ii
summer and fall there will be require
J | say 10000 cross-ties to be put IN To
I track, which, with the ordinary atter
ton to the road-bed, viii give you frs
class road and for its length well equlppec
, | and have every reason to believe tina
| with fair and iudicious management, %
! earnings will so increase that by next yes
the road will be able not only to pay i
interest on the State debt and thereby re
vert back to the stockholders proper, bU
leave margin for its own Indebtedness.
: am.the more strongly led to this belief fror
the fact that there is every prospect OF OF
g having, in addition to the connection OF Il
Evansville, Henderson and Nashville an
4 Memphis and GAINESVILLE and Louisvil
Railroads, two other roads-one fro
. Greensboro, KY, and the other fro
b Shawnsetown, Illinois, giving Us valuab
{ connections with not only the Eastern b
: Middle and Western States. E. A. FoRT
n President and Receive