Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-10-16

Mortgage five per e bonds were
drawn on account thereof and placed
III the treasury. )
By reaso of these and previous
drawings for similar and the
sale of. $1,5OO,OOO Southern Railway
Company First Consolidated Mortgage
five per cent. bonds, there remained
free in the treasury on June 80, 1918,
Sl,l14,SOO of these bonds.
During the month of June, 1913.
there were drawn and taken into the
treasury $4,000, 900 Development and
General Mortgage four per cent
bonds, which under the terms of that
mortgage could be drawn during the
calendar year 1913 to reimburse the
Company for expenditures made for
additions and betterments. In like
manner there were also drawn and
taken into the treasury during the
year $~1,13O,000 of these bonds to re-
imburse the Company for proportion
of Equipment Trust Obligations paid
during the year and charged to capt.
tai, account.
As the result of these drawing, the
total amount of Development and
General Mortgage four per cent.
bonds free in the treasury on June.
80. 1918, was $25,992 200.
The Company has continued the
conservation of it's Working Assets
through the employment of its tras-
ury funds.
Additions and Betterments. y
Construction of the double-track
line north of Atlanta, between Cross
Keys and Gainesville, Ca, exclusive
CT a single-track gauntlet between
Suwanee and Duluth) referred to in
last years report, was completed and
put in operation during the year.
Additional double-tracking was be-
gun during the year between the fol-
lowing points: Amherst and Monroe,
"a, New Holland and Gainesville,
Ga, Cross Keys and Armour, Ga, and
between 9th Street; Birmingham, and
east end of yard at North Birming-
ham, Ala.
With the completion of the double
track between Amherst and Monroe,
and that between New Holland and
Gainesville, both of which pieces are
expected to be completed by the lat
ter part of 1913, and that between
Cross Keys and Armour, which is eX-
pected t ODE finished early in 1914, the
Company will have in operation on its
n ain line between Washington and
Alfalfa 301.O7 miles of double-track
between 9th Street, Birmingham and
the east end of yard at North Birming-
ham is expected to be in service jan
uary 1, 1914.
The additional main track between
Constitution and Roseland, Ga, re-
referred to in last years report, was
ing the year.
The new double-track connection
with the Cincinnati, New Orleans q
| Texas Pacific Railway at Citico juno
| ton, Tenn, equipped with interlock-
ing signals, referred to in report for
he preceding year, was completed
and put in service during the year.
The Knoxville River Front Exten-
sion, referred to in last years report,
was completed during the year and
| the entire line is 10Y in operation.
The belt line at High Point, n. c.,
| referred to in lats years report, was
completed and put in service during
the year. +.
The lap-sidings between Macon and
Jesup, Ga. the aggregate length OF
which is $19,O2S feet referred to in
last years report, were completed
and put in service during the year.
A new gravity yard at Macon, Ga,
= as completed and put in service dur
tn gthe year.
new line from near Forbes, Va,
ON the Franklin Branch, extending to
ore properties, was completed during
the year. =
A revision of the main line for a
once of 3.3 miles in the vicinity
of Parr Shoals, S. c., was made nee
essary by the construction, by a pow
err of a dam in Broad river.
The expense of this work is to be
torne by the power company.
The new passenger station at
Lynchburg, Va, the building OF when
was made necessary by the new
double-track line at that point was
put in service October 81, 1917.
The installation of electrical auto
matte signal system between Denim
and Charlotte, N. c., a distance OF ap-
proximately 90 miles, was completed
and placed in operation during the
wear. and a similar system is under
construction between Cameron Run
and Orange, Va, a distance OF approx
imately rs miles.
During the year the Company recelV-
cd the following new and addltlonaI
eouipment: As locomotives, ~ steel
sen coaches, 10 steel baggage
mail and express cars, 6 steel frame
dining cars, 275 steel underframe
ventilated box cars, $50 steel under
frame automobile box cars, lO4 steer
fat cars and 4 pieces of road service
equipment. 1t had n course OF con
Uersion during the year 600 coal cars.
~ which 551 were completed n
glazed in service during the year.
Since the close of the year h COM
nany has contracted for the following
additional equipment: 25 locomotives,
700 fifty-ton steel coal cars and lSo
thirty-ton steel underframe stock cars
Operations.
Gross Revenues increased over Inose
80 the nreceding year $4,939,161.3O.
Ce-npa oxnonses Increased $4,577,-