| From the Macon (Ga.) Telegraph |
| |
| January 4, 1865 |
| |
| Macon & Western Railroad |
| We have been favored with a
copy of the report of the President to the stockholders' December 1,
1864 by which it appears that |
| the gross earnings of the road for the past
fiscal year were |
$1,558,666.33 |
| Expenses |
1,176,522.64 |
| Showing as net profits |
$382,143.69 |
| Balance from last report being |
94,259.60 |
| Gives a total of |
$477,003.29 |
| Deducting dividend No.39 |
300,000.00 |
| Leaves as present assets |
$177,003.29 |
|
| which is composed of negro property, (25
fellows) R. R. Stock, Confederate bonds and 4 per cent. certificates
received for old currency. Besides this the Confederate Government
owes the company about $500,000. |
| During the year the company
has suffered the loss by the enemy and our own military authorities,
of 18 cars of different kinds, besides serious injury to three
engines, and the destruction of the warehouse and engine house at
Atlanta the warehouse at Jonesboro', and some buildings at Lovejoy's. |
| Twenty-one and a half miles of
the end of the track next to Atlanta, sustained in jury as follows:
Iron removed by the enemy, ties unhurt 5 1/2 miles; Iron destroyed
totally and ties burned, 3 1/4 miles; Iron destroyed partially, ties
partially burned 13 miles. |
| We regret to learn, as we do
from the close of the President's report, that his very able
administrator of its affairs ceased with the report. Sagacious and
energetic, few if any roads have been more profitably conducted. |
|