Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-04-01
EDGEEIELD AND KENTUCKY
l.. RAILROAD.
Report of She President ana super
fmfersdent
Earnings, Repairs and Condition of
the Road, etc.

Mr. z. A. Fort, the President and Re-
ceiver Of the Edgefeld and Kentucky
Railroad, submitted the following report at
| the meeting of the stockholders yesterday:
EDGEFIELD AND KENTUCKY RkILRoAD-
| OFFICE OF PRESIDENT AND RECEIVER.
NASHVILLE, Tenn, March 81, 1s70-To the
Stockholders of the Edgefeld and Ken
lucky Railroad Company-Gen I
have the honor to submit for your action
the following report of the condition of the
Edgefeld and Kentucky Railroad on the
18th day OF October, 1869, the day on
which the lease of the road to the Evans
vile, Henderson and Nashville Railroad
Company was terminated by the Governor.
as well as its operation from that time to
the present by me as President of the Com
pany and Receiver on the part of the State.
On the 18th day of October, 1869. / re-
eeived notice from the Governor OF Ten
nessee of his intention to terminals
the lease Of the Edeeield and
Kentucky Railroad to the Evansville.
Henderson and Nashville Railroad
Company, and that, if /, as President
Of the Company, would come forward and
| file my bond according to law, he would
commission me Receiver of the road. This
did on the 10th day of October last. and
on the 10Th of the same month took
charge of the road Ishould have taken
charge on the morning of the 18th, but
was requested by John b. Brownlow, Re-
ceiver to allow his Superintendent. H. l..
Sheppard, three or four days to close his
accounts; this did, With the understand
ing that the receipts from the road during
that time would be turned over to me; but
| much to my surprise, Superintendent
Sheppard carried away ($307. 9O) three
hundred and seven dollars and ninety
cents, cash collected from passenger trains,
and $813.05 collected from agents of the
| Edgefeld and Kentucky Railroad for ticket
sales over foreign roads, and nearly all the
stationery, etc., for the use Of the road.
From this you will see that on the morning
the 18th of October, 1869, took charge of
the road, without q dollar being received
| from the former Receiver, with no records
Of existing contracts of tn road, such as
mail, express, etc. /; besides this, had been
compelled to pay upwards of $1,000 Of
unsettled accounts left by my predecessor.
On taking charge of the road I had an in
yentory and appraisement made Of every
thing turned over or found except the road
bed, roundhouse and machine shop. The
inventory amounted to SS2, 067.47. In
cluded in this are five lomotives valued at
| S32, 500; five passenger coaches valued at
/ $1,000; twenty seven box cars, S13, 500 /;
twenty-nine fiat cars, So 80, and one
wreck car, 800; total value Of rolling stock
and motive power, S56, $50.
did not find any Of this stock in good
| condition, and have been continually re-
pairing it, and with very little additional
| expense could have had it all in first-eiass
order Engine No. POI have thoroughly
| overhauled and in few days will have her
ready for duty as the best owned by the
| company The gross earnings of the road
since took charge are as follows:
1 Oct Is to Nov. 80,