The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-01
The CENTRAL'S EARNINGS.
Receiver Corners Report for Twenty
Months Filled With the Court.


A Statement Showing What the Prop
erty Has Done Under the Receiver
ship-The Earnings, Expenses and
Net, for the Last Six and the Last
Three Months-The Property Shows
Up Well During the Last Quarter.
The Report a voluminous One.
In compliance with the order of Jus tice
jackson, Receiver Conner has filed his
report of the operations, receipts and
disbursements Of the Central Railroad
system, from the time Of his appoint
ment as receiver TO Jan. l, 1894.
The report covers a period of twenty
months, from April, 1892, TO and through
December, 1898. The total amount re-
ceived during that time from all sources
has been so, 4s6, 47410. This includes
money borrowed and receipts from every
other source.
The report covers the Central main
stem, the Southwestern, Montgomery and
Eufaula, Savannah and Atlantic, Augusta
and Savannah, Epson County railroad
Mobile and Girard, the Macon and
Northern, from September. 1892, to March,
1898, the Port Royal and Augusta from
April, 1892, to April 1893, the Port Royal
and Western Carolina from April, 1892, to
June, 1893 and the Savannah and Western
composed of the Eden Extension, Buena
Vista and Ellaville, Columbus and Wes-
tern, East Alabama, Columbus and Rome,
Eufaula and East Alabama, Savannah,
Griffin and North Alabama, and the
Chattanooga, Rome and Columbus.
TWENTY MONTHS EARNINGS.
The gross earnings of the above roads
during the twenty months of Mr.. Corners
receivership were $40, sos 61 the ex-
penses were S9,0l2,77 80, which leaves
net earnings for that period of 81 AS
$50 81.
The total earnings Of the Savannah and
Western for the twenty months were
80, 1876, l41 80; the expenses were 50, 449,-
$40 43, which leaves a net deficit Of
1888, 49S CO.
The total earnings Of the Central main
stem for that period were 81, 400, 334 81,
expenses So, OBS 0l3 SO, which leaves net
earnings of 81 ,425, 1921 %.
The total gross earnings Of the entire
system, leaving out, of course, the Port
Royal and Augusta, the Port Royal and
Western Carolina and the Macon and
Northern, for the six months ending Dec
81 were 5000, SOP 81, expenses 81, 073, 522 05
and net earnings S956,9S0 90.
SIX MONTHS RECORD.
The gruss earnings of the Savannah and
Western for the six months were SOIL
1876 99, expenses $642, 1903 38, which leaves
net earnings of $29, 063 So for that period,
The gross earnings for the Central
mainstem for the six months ending Dec
81, 1898, were 1880. 962 80, expenses
$S52,S30 80, which leaves net earnings of
1888, 631 98.
The gross earnings Of the entire system
for the three months ending Dec. 81, were
81 IN, 732 81 expenses, 81, 030, 214 4S, which
leaves net earnings for the last three
months of Sal, 517 SO.
The gross earnings of the Savannah
and Western for the last three months
ending Dec. 81, were S37S, 937i34 expenses,
1921 $50 65, which leaves net earnings of
$S7, 1856 SO.
The gross earnings of the Centrals
mainstem which includes branches from
Gordon to Milledgeville, and from Mill
edgeville to Eaton ton, in all 33297 miles,
for the last three months were SS43, 946 30,
expenses $685., 676 90, which leaves net
earnings of $305, 1863 81.
WHERE THE DEFICITS LIE.
Almost all the roads in the Savannah
and Western system show a deficit for
the twelve months which the report COW
ers, which accounts for the large deficit
shown by that system.
For six months ending Dec 81, the only
roaus winch SNOW uenclIs are Lne Cnab-
tanooga, Rome and Columbus, $72, 1852 81;
the Montgomery and Eufaula, $13,7S5 81;
the Eufaula and East Alabama, $737 %;
the Epson county road, 1919 81, and the
Columbus and Rome, $24 43.
All of the fifteen roads in the entire
Central system show net earnings for the
last three months with the exception of
! the Chattanooga, Rome and Columbus,
which fell behind by $l9,515 IL The
last three months have been exception
| ally good ones for railroads in the south
which accounts for the fact that there
have been no deficits on any of the other
| lines.
The report shows bills payable out
! standing Dec. 81, 1893, of s., 1863, 269 81. and
car trust notes outstanding to the amount
of 1862, 1888 go.
The above figures were deduced from
quite a lengthy report and may contain