Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-08-15

| Damages at Harpeth Riyer........... 1853 50
IObal. ...-..s...s-...s..s .s.'.'ssSS ooJ1No 90
The notes of the company with interest
having been given for these amounts, fall
| ing due at different dates in the next twelve
months; to which will be added $21 ,240,OO,
| the cost of the ''iron draw" in TIE Tennes-
| see river bridge at Johnsonville. This work
will not be completed before about the first
of October, and to paid for, by contract, in
! three equal installments at six, twelve and
eighteen months, from completion of work,
at eight per cent interest per annum.
THE EARNINGS
of this road increased over the year 1869
| - $500, 240,01, and over the year 1863 80
| to the amount of 1851, 295, 26, from the be-
| ginning of which year we may date the
opening of this road for business, practical
", although in bad condition at that time.
| The road viii now compare very fayorably
with most Of the Southern roads.
To operate this road and bring it up to its
present condition, adding the sInOunt paid
for cars, and increase in motive power, de-
pot grounds, etc, has cost 1881 ,927.50 over
and above the earnings received from it,
counting from the first of September, 1868,
| date of first lease.
ITS IMPORTANCE
to the Nashville and Chattanooga Railroad
! as connection is shown by the through
freight business, amounting to S243, O63.91,
for the last year, while for the year previous
it amounted to only $75, 1854.
WHAT THE COMMISSIONERS DID.
The commissioners allowed a credit of
100000 in Tennessee bonds, on the pur-
chase, for expenditures made and losses
sustained by your company in operating the
road, under the two agreements of lease to
date of sale, and this compromise
and settlement was deemed better than lit
igation with the State.
The sum Of 1915, 600 has been spent in
improving and equipping the road since the
purchase. The sum of 100000 will be re-
quired to finish the track in frst-class or
der, filings improved, entertainments, etc.
From this it appears that the amount me-
cessary to finish renewing and equipping
the road, and putting everything in good
order, viii involve a cost of about the fol-
lowing: Average cost of 81, 400, 900 of Ten
nessee State bonds at 81 cents, 81 sos, 900;
amount already expended since the pur-
chase, S375, 900; amount necessary to COM
plate and equip, 100000; interest for one
and half year, say $4,000; cost in money
S2,700000, or ,789 per mile, which,
furnished and equipped, will certainly be a
very cheap road.
HUNTINGDON AND JACKSON BRANCH.
The construction of the branch between
Huntingdon and Jackson was postponed
until the title of the Nashville and Chatta-
nooga Railroad Company to the Nashville
and Northwestern road could be clearly es-
tablisbed. about which there is now no
doubt. This will give the shortest route
via the Nashville and Northwestern Rail-
road to Mobile and New Orleans, and much
the shortest route to Memphis. As soon as
the road from
JACKSON TO MEMPHIS
is built, about which so much feeling is now
exhibited in that section, it will also open
up rich section of country to the trade of
Nashville, which now goes to other rival
cities. Ii may become necessary to build
A SHORT RAILROAD
from opposite Hickman to Charleston, Mis-
souri,, or to some point near that place on
the St. Louis and Iron Mountain railroad,
reducing thereby the distance to ST. Louis
fifteen miles, leaving the Nashville and
Northwestern road near its crossing of the
State line of Kentucky, and extending to
Columbus, Ky. This new road and con-
nection is contemplated because the officers
are not satisfied that the managers of the
Mobile and Ohio railroad will give the road
such facilities as the growing importance of
the Northwestern railroad line will demand.
NEW LOCOMOTIVES. ..
To afford greater facilities for the move
ment of freight over the roads the Directors
have contracted for seven new freight loco
n,otiyes-six wheel drivers-t0 be delivered
between the first of October and first of
January, at a cost of $4,000, and have
arranged for building
THREE HUNDRED BOX CARS
in the company's shops turing the year,
which will cost about $225,000. These
cars and locomotives will all be required
for the Nashville and Northwestern Rail-
road, 1t is contemplated to order one
hundred additional box cars at cost Of
about $4,000. This is necessary, since
last wear the sum of $4,000 was paid out
for the use of cars belonging 10 other roads
running over the Nashville and Chatta
noooa. and Nashville and Northwestern
raiIroads. which amount might have have
been saved if the road had been fully equip
ped.
THE AVERAGE INCOME
from trelgHb uuElug buo pdSb JCoA was w. "
DER ton against $40 per ton the year pre-
yious, which difference is partially explain
ed by the increase of tonnage from coal up
on which is paid less than Sl.OO per ton for
freight. Much of this reduction however
NAV be explained in the fact that the tariff
on through frieghts being regulated by com.
petinq lines, it is not under the control OF
this company. The reports for the past
four years business show a steady and
yery satisfactory increase in
THE VOLUME OF BUSINESS
over the road, but at the same time there is
a steady decrease in the rate at which
freight is carried. The tonna 6 has IN
creased 10 per cent, and the gross earnings
from freight increased 45 per cent. Had
the company been able to realize the same
paw for the work done as in the previous
year, the net earnings would have been IN
creased about 100000. 1t is believed this
state of things may be improved by better
understanding with competing lines, when
they are made familiar with the fact OF the