The Van Buren press., 1871-09-05

stockholders, as provided by the contract.
Taking this estimate as basis of settlement
with Mr.. Fisher, and not taking into account
stock remaining on hand, which might poss
bly, be made available, it will appear that the
company will have remaining available assets
on hand:
First mortgage bonds. s.25,-
Land mortgage bonds, l,7oo,--
State aid mortgage bonds, 5So,-
County and mnicpal bonds, IUi.-
Or total of bonds 36sO.-
From the foregoing estimates. the work
which yet remains to be done is as follows:
3 mis. miles .dns 5aii~as y, at &c., So00 ssss
80 miles iron rails and fastenings at
5000, No.
70 miles track laying and surfacing at
Masonry and bridging the 25 miles. 3D.
locomotives at $40 1R,-
passenger cars at 50 5,OO o.
baggage cars at SZ,OoV, o.
~ box cars at 81 ,OU, 81,
20 cattle cars at $500, 10
Dumping and hand cars. l0,-
Depots shops, water tanks. machinery,
Right of way, depot grounds. etc, g.
Contingencies adding to original esti-
mate $4,000, arising from present
complications) W.
Total, 1902, 900
Deduct for work now done on the aboye
IS miles clearing at $500, s2s,-
- miles ties AT s9o, "a w.
Total cost of work yet to be done 1850, 900
1t will thus be seen at "A glance that II the
board can realize tue very low price OF fifty
cents on the dollar for the above Inetioned Sc
curities, YOU will yet have remaining assets
sufficient to complete the road and put it in
working condition, with II handsome margin,
which will 90 far to meet accruing interest on
your bonds am aware that the above cal-
culations may be subjected to considerable
notifications but | think that enough has
been shown to convince the board that the
task which they are about To undertakes Is not
so hopeless. but that cheerful. courageous
view OF the situation, followed by energetic
action aid devotion to the work in hand will
be crowned with complete success. Respect
full submitted. J. II. HANEY,
Consulting Engineer.
OFFICE OF SEc'Y L r. & F. S. r. r. Co-l
LITTLE Rock, Aug. l3, 1871.
C. G. SCorT, Esq, Director
Sir: In response to your note of the llth
instant. furnish the following statement Of
bonds and stocks delivered to Warren Fisher,
jr. contractor, the receipts for which are on
file in this office. viz:
STATE AID BONDS.
April .. 1870. Nos. to 200 COO
May IL, 1870, Nos. POI to $50 l60.--
May 20, 1870 Nos. 96l to 500 l4O,--
Septembsr Il, lS70, Nos. sol to 800 300,--
Total $500, 900
THiRIY-YlAR SIX PER CENT. FIRST MORTGAGE
GOLD BONDS.
February Is, 1870 Nos. TO 700 100000
March 8 1870 Nos. 70l to LOO 100000
.uir q. 1870. Nos l7Ol to 2.l50 100000
August 5. 1870, Nos. 3 l5l to $500 100000
Total $2,500.000
FIRST MORTGAGE LAND GRANT SINKING FUND
BONDS.
Julv %. 1870. Nos. | to 800 SI,300,000
August S, 1870, Nos. 1901 to $500 l,500, 900
Total s2S00.000
PREFERRED STOCK.
July 2s, 1870 the sum Of Sl,5OO00O
September 2S, 1870, the sum Of 100000
Total Sl,650,060
COMMON STOCK
July 2s. 1870. the sum Of $l5O0,O0O
September 2S. 1870, the sum Of Sl50Ooo
Total. $l,650,000
REcAPITULATioy.
soo State aid bonds 8 100000
25O0 First mortgage gold bonds 25Oo oO0o
$500 First mortgage land bonds !Soo,0oo
Preferred stock 1,6j000O
Common stock l.650000
Total $9,4OO,000
Respectfully, your obedient servant.
GORDON n. PEAY, Sec'y.