The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-30
MORE THAN A MILLION.
The CentTaI'S MailStem Beats Its Last
Years Record By Over 100000.

The Southwestern Earned More Than
It's Rental for the Year The
Augusta and Savannah Did Not
Make So Good aShowinR-Earnings
for the Year Of other Properties.
Monthly Accounts Being Filed Now.
Receiver Conner Expected Home To-
day.
Since the new order the United States
circuit court, providing for the filing of
monthly accounts by the receivers of the
Central Railroad and Banking Com
pauy, the accounts have been fled with
the clerk here from time to time as they
have been made up, and enough of the ac-
counts up to date have been filed to show
about what the property has done during
the last year, that is the year ending
June 30.
The mainstem earned gross for the
twelve months ending at that time 81 ,522,-
935.43, while expenses of 81, $40, l27.5S left
net earnings Of S1.0l2, s07 So. This is an ex-
cellent showing for the mainstem for the
year, and is more than half what the en-
tire property was expected TO earn for
the year. The earnings of the mainstem
for April were sl48, 58l 83, expenses SIP
43o. 49, leaving net earnings of
S36, l00.37; for May the gross earn
ings were $l56,9S6.76, expenses sl02,-
762.S7, leaving net earnings of
S54, 223, 80; and for Juno the gross earn
ings we're Sl46, 221. II, expenses S97, 170. 80,
leaving net $49, 05035. The mainstem has
shown excellent net earnings for every
month Of the year The increase in the
net earning for the II months ending
June 90 1894, over those of the same pc
Rod for 1898 was S221, 2S2 TO- which, con-
sidering the dullness of almost every
season, is q remarkable showing.
EARNED MORE THAN ITS RENTAL.
The earnings of the Southwestern for
the year show up well. The gross for the
twelve months was 81, 095 9l2. 30, expenses
S1l9, 1865, leaving net earnings of
1919, 1924. The earnings of this road
for June did not show up quite so well.
the gross being S5S 424 68, and the net
only "a, 62S g. The Southwestern, how
ever, has shown itself to be one of the
best paying properties in the system, and
it is for this reason that the reorganiza-
tiOn committee is making it what is con-
sidered so liberal an offer.
The earnings of the Augusta and Sa-
Vannah railroad for the year do not equal
the amount of the annual rental under
the contract The gross is SPOIL s54.5l,
with expenses of sl45, 622.01, leaving net
earnings of $50, 23250, while the annual
rental under the contract is about So
600. The gross earnings for June were
$40, 7ll.OS and the net only $l,6S0.92.
THE STEAMSHIP COMPANY FOR SIX MONTHS.
The Epson County railroad shows de-
Holt of earnings from pXnpnSpS for the
year of 81, l0l. Is, and for June deficit of
S2O47O. The net earnings of the bank for
June were SlS0.47. The earnings and ex-
penses of the Ocean Steamship Company
are given only for the six months ending
June 30. The gross is 1901, 273.Sl, ex-
penses s543, 337.7S, leaving net earnings of
S27 ,936.03. The Ocean Steamship Com
pany lost money during the month of
June, showing deficit of S8,20695 be-
tween the earnings and operating ex-
penses.
The Savannah and Atlantic railroad,
otherwise known as the Tybee railroad,
made gross during the twelve months
ending June 30, sic, 25s OIL, while the ex-
penses were $l0,Sl9.S2, leaving net
S., 43S,79. The earnings Of this branch
for the month Of June show up as follows:
Gross earnings 81, 1929, expenses
81 ,S2626, net earnings $2,7l6.03. The re-
ports Of the Savannah and Western rail
road accounts are made separately, and
as yet none of them have been filed
Receiver Conner is expected back from
New York to-day and will probably
bring the news of what progress has
been made with the reorganiza tion plan
He has been in conference with the reor-
ganization committee for the last two
weeks and it is believed the plan will
soon be ready to be announced.