| From the New Orleans Daily Crescent |
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| February 6, 1861 |
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| Talk on 'Change |
| ***** |
| Under our financial head will
be found the annual statement of the Northern and Jackson Railroad {New
Orleans, Jackson & Great Northern RR}. The earnings of the
road, notwithstanding the interruptions from storms, floods, and the
elements in general, exhibited an increase over the previous year of
34 per cent. It is hardly necessary to more than talk that the road is
only in its infancy, and the difficulties inseparable with so great an
undertaking, are in a measure overcome. The President of the road
says, in his report, that the entire expenses of the road, that is,
conducting transportation, maintenance of way, motive power, including
repairs to engines, engineers, maintenance of cars, also clerks,
agents, and all, cannot exceed six hundred thousand dollars per annum.
This will leave one million of dollars as the net revenue for
the twelve months. The amount of interest and sinking fund being
$340,000, would leave $660,000 to meet bills payable and other
outstanding accounts. The statement is an encouraging one for the
bondholders and all interested. Though the interruptions to traveling
have been frequent the past year, they have not been more so than
Northern railroads, blocked by ice and snow. |
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