The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1871-08-11
3O,769.00
$257.736.44

One thirdof this, S., 9l2. IA, substracted
from $154, 45O.S3, leaving for Columbia &
Fayetteville Railroad, nett earnings,
Sos, 547.79; from which deduct 6 per cent.
interest ON $500, 900, S21 600, leaving nett
profit, SAC, 94S.76, equal to IA per cent. of
the whole cost of the road. rri
There might have been liberal de-
duction for difference of expense in run
ming trains upon the narrow gauge road,
over the wide, in tho difference of the
tonnage of the cars. While the narrow
gauge cars carry only 2 tons of dead
freight in their cars to tons of paying
| freight, tho wide gauge carries
generally tons of dead freight for ev-
cry tons of paying freight; thus taking
twice tho locomotive power to carry its
freight. Now if the locomotive power,
Sl00,SSS. 10, be divided by 8 we haYe $33,-
GO. 46, which divided by leaves a bal
ahce saved to Narrow Gauge of S16,-
sl4.6s, to be added to the above nett
profits, making S63, 1881 total, which
ing the trains, and other expenses of
wide gauge roads, where the saving
might DO eyen greater than shown
above, ..a 90
A comparison with the Louisville &
Nashville r. r., or the Nashville d
Chattanooga Railroad, would be far
more favorable, as they were less dam
aged by the late war.
Take report of Tennessee Il Alabama
Railroad, 1850, shortly after the train
had reached Columbia, and;wo have
Gross receipts ,.,-,.., el31 ,952 80
Expenses ............ ....... 40,709 .3G
Nett earnings :. -. ss7 ,2s4 4e
Length Of road, 46 miles.
II this road had not cost but IS, 900 per
mile, then $36S, 900 divided by sS7, 2S4. 46,
would give dividend of % 7-lO per cent.
But tho cost of the 46 miles, 81 Ass, 2j6. 81,
is nearly four times the cost of tho pro-
posed road to Fayetteville, a distance of
4SI, and including side-tracks, DC, ~
miles.
Report ut louisville r.. II. Company,
1866, show that the local business alone,
will pay expenses, and a dividend of
per cent. to stockholders, having in
creased from S303, 900 for six months,
for similar period in 1866.
Taking the country through which the
Columbia d Fayetteville Railroad would
pass, and the connections to DO made,
and fair estimate would be, the n. d
D. r. r., REPORT 1861 gross rociepts,
$444, 162.4O. iHtI,ir"l .., f.r
Divided BY three, equals .SI4S, O54.1
Expenses, Tenn. 4 Ala. R. R., Re-
port 1850, )..... -. ............ 40,1O9. AZ
Nett earning $500. SLOT ,s44.44
6 per cent. interest on $3.50, 000.... 2l,600, 90
Nett profits ............ sS5,744G7
1t was then proposed by Mr.. Ed. Will
liams, and received tho endorsement OF
many OF the mOnied men of Maury
county, that the bonds OF tho county DO
issued for 50,00O, and disposed of as
follows:
Build narrow gauge railroad from r.s-
Columbia to the Marshall county
line, II miles .........S 500 10000
Build narrow gauge road to Mt.
Pleasant -......-........... 10000 90
Build narrow gauge road to Hickman
county line, starting from Mt.
Pleasant railroad at Dobbins' Sum-
NIT, 81 miles from Columbia, and
run to the mouth of Poplar Greek ....
via Mr.. Ben, Harlan's and Ncb0
Church, crossing Duck River
twice. Distance, 11L miles ~ 900. 90
Build turnpike. to Rally HILL - 100000
Complete Santa Fc, 12 m. 10000
(" As Hampshire, 18 IN. 100000
Bucksnort, IL NJ. 100000
Spring Hill, ii m $4,000
:. Giles Co.line, IL IN $4,000
Contingencies ............. Ill.,. 33 ,0o0.00