AR, A&TR 4/1/1866 P

Annual Report of the Alabama & Tennessee River RR
as of April 1, 1866
President's Report
   Report of the president and directors of the Alabama & Tennessee River Railroad Company to the stockholders, of the operations of the company from June 1, 1864, to March 31, 1866.
Office of the Ala. & Tenn. River R. R. Company
Selma, April 21, 1866
   ***** The road is finished and equipped from the city of Selma to Blue Mountain, in the county of Calhoun, a distance of 135 miles, and in good running order. The road-bed from Blue Mountain for 15 miles, via Jacksonville, in the direction of Rome and Dalton, Georgia, with small exceptions, grading, masonry, bridging, large brick depot building at Jacksonville, are finished and ready for the superstructure. Of the road-bed from Blue Mountain to Gadsden, on the Coosa river, a distance of 32 miles, the first ten miles is, with very slight exception finished and ready for the iron and ties. The heaviest and greater portion of the grading and masonry is finished the remainder of the distance to Gadsden. From Gadsden to Gunter's Landing, on the Tennessee river, a distance of 38 miles, the entire road-bed is graded by the Tennessee & Coosa Railroad Company. In addition to this the company has a branch road, grading and masonry finished five miles, commencing at Ashby Station, 49 miles from Selma, and running in the direction of the coal fields. In addition to this the company has a branch road, grading and masonry finished five miles, commencing at Ashby Station, 49 miles from Selma, and running in the direction of the coal fields.
   Up to the 1st April, 1865, when the city of Selma was captured, sacked, robbed, and burned by the United States forces under the command of General Wilson, the running operations and earnings of the road were eminently successful, and yielded a handsome income.
Fiscal year ending June 1, 1864, the earnings from transportation and shops were $1,081,174.34
The expenses for that year were 437,696.20
Net earnings 643,478.14
From the 1st of June, 1864, to the 1st of April, 1865, when Selma fell, the earnings of the road for ten months were 1,764,123.82
Expenses and outlays of all kinds were 1,065,858.11
Net earnings 698,265.71
   ***** The damages sustained by the military may be enumerated as follows:
1. The total destruction of our depots, offices, cotton warehouse, round-house for engines, foundry and machine shops, all machinery and tools in Selma.
2. The destruction of six important Howe's truss covered bridges.
3. The destruction of nearly all the trestle bridging from Montevallo to Burnsville, and from Talladega to Blue Mountain.
4. The destruction of a portion of our track and iron, and depot buildings, platforms and offices at Randolph, Montevallo, Talladega, Munford, Silver Run, Oxford, and Blue Mountain.
5. The destruction of seven locomotives and -- box, flat and passenger cars, some few water tanks, -- cords of wood, and -- cross-ties.
   The road was in full operation until the latter part of March, 1865. The United States forces then swept over it, from Columbiana to Selma, seventy-two miles, destroying the iron-works, foundries, rolling-mills, limekilns, and the road as above stated, while a detachment of the same force inflicted a like damage on the road from Talladega to Blue Mountain, a distance of twenty-five miles.
   The effect of this was the total suspension of running operations over two months, and the destruction of its main sources of business, while the company was left absolutely without means, business, or revenue. *****
   Since the last annual report, Captain C. E. Thames, one of the directors, resigned and moved to Mobile. Colonel P. J. Weaver, who has been one of the board of directors of this company ever since its organization, in November last, died. Colonel Weaver was one of the largest stockholders connected with this company. He contributed largely in money and devoted much of his time to this enterprise. His immense wealth and credit placed it in his power to render great service to the company. He was frequently called upon to indorse paper for the company, which he did, and his name was a pillar of strength to the company. The loss of such a friend to the road is muck regretted and lamented by his associates in office. We regret the loss of the services of Captain Thames. He had been in the board about two years, and during that time his great business capacity and tact were very valuable to the company. The eminent services of such men cannot be too highly estimated for any public enterprise.
Thomas A. Walker