Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1875-01-05
a. VI. & %. n, Il. f.
Annual Report OF the PRECEDENT.

S37,500 of the funded debt of
the old links, has been etired The
amount of bonded debt OF the A.
NJ. q 0, r. R., is unchanged, be,
ing $5,470,000. The floating debt
has been reduced by 1915, 900, and
now stands at 1929, 800, and en-
braces accounts, pro and con with
connecting roads. Interest upon
one half of tho funded debt, has
been paid, and S37S,O0O expended
in the improvement OF the proper
ty of the Road. To accomplish all
this, there were required and used,
the net earnings Of the line, togeth-
er with S28l,OC0 of the assets of
the company, and 1928, 900 derived
from the sale of old rails. There
remain on hand and unsold, one
thousand tons of old rails, rendered
unsaleable at any adequate price,
by the panic, and the temporary de-
cline in iron, and the stoppage to
the iron works.
The company has made all Ct its
freight or Tonnage cars, and rebuilt
and repaired its own engines, thas
Saving largely in the cost of them
and also furnishing valuable EN-
plOyment to many Of our people.
For the year, the gross
revenue was $1,625,34
Expenses 1907, 1923,
Net revenue, $727,62O,
This is decrease in the not
revenue over the previous year CT
S1S6,O0O. And while the de-
crease in gross revenue was $685.
900, the decrease in the expenses
was hut $4,000, showing that in
cutting the salaries of officials, and
the wages Of employees the Compa
ny pursued apolicy as liberal aspo,~
sible, for its own income was still
more heavily turtailed.
1t is shown that ofthe tonnage of the
line, thirty millions ofpcunds were
for the city of Richm, nd, three
fourths of which large amount,
was from S. w. Va, while during
the year 1868, the first of CONSOLE
dated management, there were de-
livcred for that city, only ten and
quarter millions of pounds. These
figures dispell tie unjust charge
that tie A. NJ. IL o. Co, and the
people Of the South West are no.
in sympathy with Richmond.
When, by the light of this re-
port, we look at Norfolk, the result
is equally as gratifying, for in 1868
there were delivered at that port
only 5000 bales Of COTTON, while
during the past yer the number
rises to the magnificent figure OF
46S, 200, and. Norfolk is now the
third cotton port of the Union, and
lacks but little of ranking above
Savannah, and next to New Or
leans. Foriy-two per cent. OF lis
cotton, was carried TO it by the
A. M. & o. Z. r.
The Express business
done by the line, has been very
satisfactory and profitable to the
Company, yielding net revenue
of $4,000 to it, notwithstanding
the heavy outfit necessary. The
withdrawal of the Southern Ex,
press Co. from the line in April
1872, was voluntary on their part
and their refusal to connect anC
cooperate with the local EXPIRES:
was unnecessary, and without the
power Of the company to control
The SO. Co., has now at the enc
of two years, voluntarily aban,
doned this policy Of noninter-
course, ard there is no Longer
any obstruction TO the free utter
change of express facilities The
correspondence on this subject i
published, but we have not ye
seen it..
The report is lengthy but thi
abstract will furnish our reader
all they Will wish TO learn from il
and is mucL more easily read.
TIE JEFFERSONFlLLE
y