The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1873-09-10

Grafton of your road for the fiscal
year ending the 3Oth of June. 1878.
The gross earnings are one million,
three hundred and seventy eight
thousand three hundred and fifty
eight dollars and forty six cents, de-
rived from the following sources
Passengers. ............ SAB, ,032 81
Erel8h's.. --..-...''.- -o2oitZ "A
| Express. .-.-....... IA, ,0g0 90
United States Maii. 81, ,457 so
| Miscellaneous. .-.-....... ,975 6S
The expenses for the same time, both
ordinary and extraordinary,
amount to .....-............ s92O,248 ~
! Leaving as net earnings after deduct
ing all expenses, including the
laying of new iron, balasting
track, &c. Sl49,2l o.
The detailed statement of expen-
ses will show that you have paid out
for new iron, fish plates, spikes. &c,
in renewal of track, $157 .342 SO, Of
which amount we might properly
place under the head of extraordin-
ary expenses, $4,000 90 and for
ballasting track, which is a perma-
nent Improvement, $32,766 90; also
for increased value of freight car
equipment, $4,000 90; showing a
total of $142,9 966 90. This deduct
ed from the whole of expenses leaves
for operating expenses the sum of
$780, 382 AZ. The gross expenses
were 81 4-1O per cent and the oper-
ating expenses about 81 per cent. of
the gross receipts.
1t was thought prudent to make
heavy expenditures of money in i'm.
proving your property as above re-
ferred to. In the last annual report
we ventured to express the opinion
that the earnings for theyear ending
30th June, 1873, would be 100000
to $150,000 more than the earnings
for the previous year.
We now have the pleasure of stat
ing that our expectations in this mat
ter have been more than realized, as
the figures SHOW an increase Of SIG
856 SO.
Mr.. John Moore, Road Master of
the Eastern Division of the road,
reports that during the year he has
put down 18 $40 miles of new fish
bar iron; put in track, 48,749 new
cross-ties, thoroughly ballasted, with
crushed rock, % miles Of track; put
in 500 feet of side track at RAIDERS
and made considerable additions and
improvements at water stations,
bridges and dcpots.
Mr.. /. Benson. Road Master w est
ern Division, reports that during the
year he has laid 125 miles of new
fish-bar.iron; put in Sc, 762 new cross
ties. ballasted 6 miles Of track, add
ed 600 feet OF side tracks, besides
work and Improvements on depots,
platforms and bridges. From the
above it will be seen that during the
year 80 $40 miles of new iron has
been laid 1885, ,511 new crossties put
in track, 26 miles of ballast put UNI
der the track, besides other valuable
additions and improvements at
bridges, depots and water stations.
Under the supervision of your ex-
perienced Roadmaster, the work on
roadway has been satisfactorily done
and permanent Improvements made.
which add greatly to the value of
your property.
You now have 81 $40 miles new
fish-bar iron in track-55 miles of
rock ballast and "a miles of gravel
ballast under the track.
The report of your efficient Master
Mechanic, c. A. Hodge. shows that
you have % locomotives in good or
der and 16 in running order. Ex-
tensive and valuable repairs have
been done on q number of locomo-
tives, one Of which has been supplied
with new boiler fiues and driving
frame at q cost of $6,649,69. BY
reference to the report of Mr.. Hodge,
it will be seen that he estimates that
during the year the value OF your
motive power has been increased at
least twenty thousand dollars.
Mr.. Jos. Armbruster, your efficient
Master of Car Repairs reports your
car equipment as follows:
13 First class passenger coaches.
IL Second +"
8 Half seated
8 United States postal cars.
4 Mail and baggage 6
l Pay car.
l Wrecking car.
800 Box cars in good order.
80 . = running order.
II Stock :" :" good order.
$50 Flat & coal cars in good order.
p "fa srllnninO or
der.
so Dump ears in good order.
Is Carnk and Lever cars in good
order.
go Total number of cars.
During the year you have pur-
chased so new coal cars and rebuilt
SIS box cars and 2 coal cars.
BY reference to the report of Mr.
Armbruster it will be seen that the
value of your freight car equipment
has been increased thirty.fiye thous-
and dollars.
From the accompanying Tables
prepared by Mr.. j. r. Ogden, your
efficient General Freight and Ticket
Agent, it will be seen that during
the year we received and forwarded