Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-12-09
MISSISSIPPI AND TENNESSEE.
Annual Report Of the President and SUI
periniendent Of The Road.

At the annual election OF the Mississippi
and Tennessee railroad all the old officers
were reelected. The following are ex-
tracts from the reports OF President White
and Superintendent Burke:
The business of the company the past season
has been eminently satisfactory. and with i'm
business of the present year should not surnass
the one just closed. The eomT letion of the Kan,
sas City, Springfield and Memphis railroad will
greatly improve both our through freight and
passenger receipts.
The figures given show an increase in local cot
ton Of $3.50 bales and in through cotton of y, 4O5
bales ms compared with the previous year. or a
total increase in cotton transported of I01 .625
creased Sl7,S5l b. Through passenger receipts
increased S66S} 81, showing IA net increase from
passenger receipts of S2i $40 81.
Freight earnings have increased 81, ,l90 Ol.
The financial condition of your company has
gradually improyed for years. The The large debt
paid during the last fiscal year, YOU have now no
doubtful claims against you, and with our i'm
proved business, arising from better connections,
we see no reason why We should not, from our
surplus earnings soon bring our rOadbed and
equipment up to the standard of our connections,
and place the company in n condition to pay reg
ular dividends to her stockholders. l will add
that during the month of October, 1883, the gross
receipts exceed those of October, 1882 Sl4 lTl q
and the receipts for the current month indicate a
like Improvement. The surplus earnings of the
last corporate year S55,3I2 Is, which were ex-
pended in payment of compromise claim of the
state of Mississippi and the purchase of securi-
ties, which the company now hold assets.
These figures, compared with the previous year
(lSS2l show an increase in gross receipts of Sll5,-
40 Sc, OF 2s.39 peg cent, and the operating ex-
penses have been increased S7307 %, or 2.ST per
cent, showing an increase in nstrecepts of slOs,
l42 IS, or 70.9l per cent.
During the last fiscal year, We have laid l09l
tons of steel rails and % tons of iron rails,
about l3ta miles, at total cost of So. .O06 So in
cluding freight and fastenings. This amount ha.
been credited by sale of old rails to the amount o.
Sl6,O65 S5 leaving net cost $500 "A, chargcablC
to accOrnt of new rails.
We have isla Il .509 cross-ties, p, ,i93 of which
were purchased during the year ut cost of q
cents each.
In addition to ordinary repairs in roadway de
| partment, we have laid about 49, miles of new
rails. and renewed about $500 feet of tresJles
you'd recommend the immediate purchase OF
1000 tons OF stSs rails with necessary fastenings
We have yet in Track about - miles of the ole
chair rail which should be replaced with stee
rails the surplus earnings of the com
I pany will admit of the expenditure. Not only
! the original itGE, but much OF that laid during
! the past few years, shows evidence Of wear an6
should be replaced witt steel as soon as practica
! BILE.
Some of our wooden bridges have been replaced
by iron or edmbipatiUn bridges during the presen
! fiscal year. 80.
| Our passenger equipment should be brought ul
| to the standard of our connections.
Your trains have been run with great regulari
| ty, and with almost entire freedom from acclden
u 4 ..W