The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-23
ANNUAL REPORT.
FIRST ONE ISSUED by THE
NEW COMPANY.

Etk91 UNI 1854 Ia -
NEW COMPANY.
oyers Every Feature and Goes
All Interesting Details of the
.oaemcnt Of the Pr0perty-1he
.rest That Was Paid on the
InconIe Bonds-Covers the
Rod For Eight Months Up to
.e 70, 1SO6-Thc Property Makes
"a Good showing.
first annual report of the Central of
& Gin Railway Company has just been
<&isbed and placed in the hands of the
hrs and security holders.
E report IS in larger form than those
3 ~ issued, aud contain a large
Il ,nt Of detailed information with re-
"a to the property. The first feature is
Il ranort of President II. NJ. Conner to the
Eskholders, beginning with the income
E2Iunt for the eight months ending June
les. which is as follows:
LIS earnings .....,..............$ 50. 3S0, 2SS 40
expenses and taxes. 1883, 429 So
IA earnings from operation. 996, S5S 81
NJ celaneouS income ........... 279,02 70
ptal income ................,..sl 81. ga, SS4 48
Arrest on bonds...... $3.50 S3S 80
"a tails .................. 241,lI Of
deduction from income. =. 1,2l5,O $50 81
H. income ..........~.......$ 6O,S58 Sc
Mis- report shows a net income, after
d deduction of interest on bonds and
%rals of Su0, So, and it was from this
Mount that dividend of ~ per cent.
IL paid on the first income bonds, this
ferest amounting to exactly $60,0O0.
4nng capacity of the property, tabulat-
statements of operations for the twelve
bnths ending June 3d. 1896, are also sub
il ted the figures for the period prior to
b company's operations having been
Sained from the receivers reports from
HI /. 1885, to the dates when the opera
bns of the several lines were assumed by
Il Central of Georgia Railway Company.
summary of the earnings and eXpen-
for the twelve months ending June
1896 as compared with the earnings of
previous year, is as follows:
lS94-5. 1896.
loss earnings from
operation ......s5, 1O4, SO6.92 Sc, AIS, Os2 SO
Iher earnings S9,529.12 79,325.23
Total ..............$5,194, 1864 $5,5OS. 4O5.5s
Spenses .........$S,6 72, 1926. 80 IS, sos, 466 90
lxes ................... 1S5,945.12 100, l94O3
kpenses and taxes sS,SOS,O71.s2 IS, rs. $780, IS
It earnings .......sl, 1856, 264.12 $1,742, 744.sl
come from in
pestments, includ-
Ing steamships 80. S65, $685. 1884, 947.62
eceiVed from lease
Lyons branch ................ 27,S25.29
Total ISL, 627.9S 50, 155,O 17.55
The previous reports show that during
e year 1S94-5 a much larger amount than
ual was expended for betterments and
all of which was charged
expenses.
In the next place President Conner gives
of the lines owned, leased and
Grated by the system, showing the total
eage to be 1886 miles, Then follows
detailed statement of the securities own
by the company and its funded debt,
ter which President Conner concludes
tn a word of compliment to all officers
d employees of the system, to whose
ithful discharge of duty the successful
suits have been due.
The workings of all the departments,
lgly and collectively, are all set forth
tables by months, giving a very clear
"a of what the property has been doing,
d the information is in such a shape
at anything desired can be found at
&c. For instance, there is a table which
NTH, the number Of tons hauled one
lie, the revenue, the average rate per
Q per mile, and the average distance it
IS hauled. The total number of tons
1896, was 1,30S, S79, an increase of lOl, 262
rs, as compared with the amount haul
in the same period the year before, or
increase of S.3S per cent. The average
-e per ton per mile for the eight months
is l.1H cents, or 02 cents less than dur
ease of LIS per cent. Yet the total rev.
ne from freights for the eight months
IS 81, Z69, 32476, an increase Of $1l6,3 S.SS,
$40 per cent. The tonnage for the
'6 1t months is equal to a haul of 2O2,-
,W5 tons distance of one mile.
mother interesting table is that show
: the number of passengers carried each
NTH during the eight months ending
ne 30, 1896. The total number carried by
e system during that time was $685. l90,
against 7S5, 69S for the same period dur
: the year before, being an increase of
1872 or Ply per cent. The average rate
passenger per mile during this time
S laos cents, as against 2.763 cenc for
,ase of .OS55 or 1885 per cent. The pas
lger business was equal to carrying a.
l2 passengers one mile, the average
tance travelled being 34.60 miles. The
erage distance Travelled in the eight
'nths of the year before was 30.37, which
s equivalent to hauling $500, 676 passen-
RS one mile, the increase for the eight
'nths ending June 80 1896, being 4491 per
1t.
here are many other tables which go
o detail with regard to the operations
the property, after which follows the
,ort of Gen. Supt T. D. Kline as to the
Iipment and operations. At the begin
y of the report is a map showing the
ire territory covered by the system,
d showing its connections.
he report is a splendid document and
! make an interesting addition to rail-
I'd literature. Such care and attention
re given to it's preparation that no one,
man or railroad expert, will have any
iculty in finding at once just the infor-
luqrtU