The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-09-05
THE ANNUAL REPORT
OF The Southern Railway Company and
Very Interesting Figures Therefrom.
RESULTS OF OPERATION SATISFACTORY
For the Year Just Past Considering
Depression of Business Through.
ont the Country-An Increase OF
Not Earnings OF S5oI,42I-New In.
vesfmenfs and Extensions.

The second annual report of the South
e e., haHway Company has been issued
teresting facts. According to the figures
therein, the gross earnings for the year
ending June 30. 1896, were S190S2 247 O4,
against Sl7. .791.69 of the year before,
an increase of s1,967, ASS. The earnings
the past year are divided as follows:
From freight. s12, O55. 24O; from passen-
gers, So,2S7 ,9l4: from mail, s934.O52: from
express, s377.SS4; from miscellaneous,
'aMiot; total earnings. s19,0S2,247.
just ended amounted to $l3.451 Az
against $l2,911. 594, of the previous wear
an increase of s539,S53. This gives net
earnings for the last year S., 63O, $780,
hga,ns. Soi2s;Sz H, Of the year before. an
credit of profit and loss, June 80, 1886
was s1.452,223. '''
The extent of the lines operated dur
ing the year ended June 80. 1895. was
At the close OF that year the company
operated 4.391.s4 miles. At the close of
1854. SO miles.
On January l, 1896, 1t began the opera
Norfolk, Va. Q55.3S miles). under track
age contracts with the Wilmington &
Weldon and Norfolk e Carolina Railroad
companies. covering the line between
Selma and Pinner's Point, Va. and with
It's own harbor transfer between Pin
ner's Point and Norfolk. Va
On June %. 1895, it acquired by pur-
chase and began the opera ton of the
line between Atlanta. Ca, and Fort VAL
ley, Ga. Q02.30 miles).
During the past year 1t also acquired
trackage rights over the line of the Ala
bama Great Southern Railroad Company
between York. Ala, and Meridian, Miss.
lIio3 mHes), and discontinued the opera
nf tha 1.-Two
Miss, and Meridian, Miss. QS5o miles,,
operated during the previous year under
trackage agreement with the Mobile G.
Ohio Railroad Company.
expenditures for construction and I'M
proVements during the year have been:
Real estate at Norfolk and Primers
Point. s120. 040.74; real estate at AleXan-
orla, va, S22,145.39; real estate at Chat
tanooga. Tenn, S22.500; real estate and
compress property at Atlanta, Ga. $685.
HIS real estate at Charlotte. N c.,
$40, 232.75; real estate sundry small pur-
chases. s12 81; terminal Improvements
at Norfolk and Primers Point S121,-
ooS.40: additional water stations and
passing tracks between Greensboro and
Pinner's Point, S2l ,3S5.92; improvements
at Lynchburg, Va, station and yard.
s27, 444.S5; additional side-tracks on Vir-
ginia Midland and Atlanta & Charlotte
A AaT-Lins s,o 81 $4,000; shops Knoxville,
s66, 1854; shops Alexandria, Va ST..
0o3.29; shops. Salisbury, N c., SI25,Sl2S2:
total, s75S.S42.O6.
An expenditure of 81 .O59. rs has been
made for new equipments, as follows:
Thirty-two locomotives, 81 passenger
cars. S94 freight cars, one steam tug
| four barges; and of equipment 50 loco
motives and 1927 freight cars with air
brakes and 2,5l3 freight cars with auto
| matte couplers. these cars and locomo-
tives not having previously been SO
equipped.
In addition to the Al 900 tons of new
| steel rail purchased during the year end
| ed June 30, 1895. $4,000 tons were pur-
chased during the fiscal year just ended
| or the $4,000 tons purchased in the two
years. lLO99 tons are of eighty pounds,
| and 37,90l tons of seventy-five pounds
weight per yard
! Twenty-siX thousand one hundred and
| ffty-nine tons We're laid during the year
ended June 30. 1896. and 20,7l9 tons dur
ing the previous year, leaving S.122 tons
on hand July /. 1896. all of which will
| have been placed In the track before Oc-
tober l. 1896.
| only about fifteen per cent. of the ton
| mage OF the company is com posed OF ag-
ricultural products, less than four per
cent. being cotton, while over forty per
cent. is received from mines and mining
industries. and over twenty-five per
cent. consists OF the products of manu-
| factories.
Considering the general depression in
business throughout the country, the
volume OF traffic ana the results of ope-
rations have beeen satisfactory.
The improved condition of the prop
erty throughout the system has been the
! means of attracting TO the companys
lines steady increase of traffic, both
passenger and freight, and number of
new and important industries. among
| which may be cited the construction dur
ing the year at various points upon thS
| lines of the system Of new cotton mills
| costing in the neighborhood of 1900. 0uv,
| while at the close of the year there were
running over 300. 600 sp!ndles. the plants
In process of construction directly upon
| the compbany's lines additional plants
which will run 10000 spindles and cost
about S.. 500, 0OO
| Railroad Extension.