Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-12-06
KNOXVILLE AND OHIO RAILROAD.
nep,tue of Stockholders and Board Of



Directors.
The annual meeting of the Stock
holders OF the Knoxville and Ohio
Railroad was held at the office of the
Company in this city yesterday.
There was represented in the meeting
over seven thousand shares, which is a
majority Of the whole.
Mr.. E. J. Sanford was elected Chair
man, and Judge Jno. L. Moses, Secre~
tary of the meeting.
The reports of President McGhee
and Secretary and Treasurer Moses
were read and adopted.
The old Board of Directors was re.
elected, as follows:
Adrian Iselin, New York; r. G..
Jackson, C. M. McGhee. Knoxville /;
Stanley Matthews, Cincinnati, Ohio;
E. J. Sanford, Knoxville; W. II.
Walters, Baltimore; r. T. Wilson,
New York.
The Board held meeting after the
adjournment of the Stockholders
meeting, and organized by re>electing
as officers of the road, Col G. M Nc
Ghee, President; Judge Jno. L. Moses
Secretary and Treasurer.
REPORT OF THE SECRETARY AND
: TREASURES.
From the report of Judge Moses,
Secretary and Treasurer, and Superin-
| tendent, we are permitted to give the
following interesting facts and figures
concerning the operations Of this line
of road for the fiscal year, ending June
30lh, 1879. and OF the general and
financial condition
Gross Earnings ..................S97,o 27 81
Expenses. ..................s........ OF, 45o %
! Net Earnings.............. So 333 Sc
Interest of bonded debt, $50 225,
leaving a surplus of Sl0S,5 6, as the re-
suit of the work of the year.
! Com parative statement of the tom
age of the road for the two years end
ing June 30th, 1879 and 1878:
1879 1878
Coal...................... ,443 $685.
! Other fIeIg hts........,...... 1856 6,475
Total .........................1 Ills, l29 97,43G
Increase for 1879, coal, 81, 479y ether
freights, I'll total, Il $50.
Earnings of the road per mile, 1879
81. 496 %; 1873, $2,351 So; increase fol
1879, $144.61.
Expenses per mile, 1879, 81, 500 IL
1873, 81 ,426.3l; increase for 1879
$l42.8 -.-s.-.--.--s ~
Net earnings per mile, 1879, 1927 III
1873. 1925 81; increase for 1879, 81 so.
Length of line, including Coal
Greek branch, 80 49, 100 miles.
The earnings are shown TO be nearly
| Identical with those of last year, ex.
ceeding them by the sum of $70.64
| The gross earnings are increased
SIS, 667 SO; expenses. SIS $685. There
was decrease of expenditures in al
| departments, except those pertaining
| to the maintenance of the cars and
way.
| Daring the year new coal ears
| have been built and one rebuilt; 12]
tons of rails have been re-rolled, and
$50 tons of steel rails procured
The work of laying the steel rails is
not completed, but is in rCgress. Toe
amount of As miles OF the track has
been ballasted, making 10 81. 10 mites
now in ballast; II, 121 new cross tie:
were laid down.
Equipment of road-one passenger
one second class, four box and 81 Goa
and wood cars; 8 track repair cars; one
dump and one crank, all in good re
pair.
Both the reports, that of CJL Nc
Chez and Judge Moses, show that thi.
line of road is under exceilen
management, and the Stock
holders and Directors are t.
| be congratulated that they have
their interests in such safe and ex'
perienced hands. Judge Moses closes
his report with the statement thai
taking all things into consideration,
he thinks it may be safely said tha
the road and ali its appointments hav,
never been IN better condition thar
|