The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-15
IT IS A PAYING PROPERTY.
The Southwestern Earns SiSS,q62.77
Net in Five Months.


The Money to Be Turned Over to the
Southwestern Railroad Company as
soon as the Court Names the Day
Will Remain With the Directors of
That Road to Say Whether it Shall
Be Paid Out as Dividends to the
Stockholders or Reserved for Emer-
yencies-Causes Which Led to These
Good Results-A Source'of Gratifoa-
ton to the Stockholders.
1t will doubtless prove a source of great
pleasure to the stockholders of the South
western railroad to learn that their road
during the last five months, from July l
to Nov. 80, has earned considerably more
net than the amount tits rental.
A statement is herewith given Of the
earnings and expenses of that railroad
that viii doubtless be read with much
qualification by the stockholders of that
company.
STATEMENT OF THE EARNINGS AND Ex-
PENsEs OF THE SOUTHWESTERN RAILROAD
FOR THE FIVE MONTHS BEGINNING JULY
1, AND ENDING NOV. 80, 1893.
Gross earnings sos, 741 Al
Expenses. S.s..s4.- .............. 3lp 11S 81
Net earnings. ....S IS 1921
The following conditions have, doubt
less, contributed very largely to this very
gratifying result. Good crops have been
made in Southwest Georgia and economies
have been practiced in the operation of
the road, which have been made posi- BILE
by the large expenditures upon the prop
erty and its equipment during the past
year.
SHOULD RESTORE CONFIDENCE.
This statement should have the effect
of restoring the confidence of the stock
holders of the Southwestern Railroad
Company in their property, as it demon
strates that under fair conditions and
prudent management its earnings will be
greater than have by many been supposed
possible.
BY reference to the quarterly report of
the receiver to the court, it will be seen
that during the months of July,
August and September the net earn
ings were $67, ITO 81, so that the
earnings for the past two months
have been Sl21,S51 so. The past two
months have produced the heaviest traf-
fc of the year and it is hardly probably
that the next seven months will show
earnings in proportions to the last Ave.
But as it is known that there is still consi-
derable cotton to be moved from that
section, and that the fertilizer trade there
will be large, il can reasonably be ex-
pected that the earnings will be fairly
good for several months to come
TO BE TURNED OVER TO THE COMPANY.
1t is understood that the receivers will
apply to the courts for authority to turn
over this money to the Southwestern
Railroad Company, as under the order
Of Justice jackson and at the request of
the board of directors it is now being oper-
sted by the receivers for that company.
II will probably be with the directors of
the Southwestern Railroad Company to
say whether all or any portion of this
money will be paid to the stockholders in
the way of dividends, or whether it will
be retained in the treasury of the COM
pany to provide for such emergencies as
may arise in the future
The total annual rental of the South
western railroad is 1868, 377. 1t will there
fore be seen that the earnings for the
past five months are a little mere than
one-half the amount.
Many of the good results of the last
few months are due to the untiring
efforts and the economies practiced by
Superintendent Kline in his able hand
ling Of the operating department of the
Central railroad system.