| From the Savannah Republican |
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| December 13, 1862 |
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| Central {(of
Georgia)} Railroad and Banking Company |
| The annual report of the
President to the Stockholders of this Company will be found in our
columns. It is brief, to the point, and a highly satisfactory exhibit of
the affairs of the Road and Bank. The profits on the past year's
operations, in spite of the war and almost entire suspension of
commerce, is about half the aggregate receipts, which amount to over a
million. The scarcity of everything for repairing and renewing the road
has damaged its condition somewhat, but with a promptitude and
liberality characteristic of the management, the sum of $212,000 has
been appropriated to restore it to what it should be. |
| At the breaking out of the
war, the Confederacy had a very large amount invested in steamships and
other vessels, owned jointly with parties at the North. All these
vessels fell into the hands of the Yankee government, but the
stockholders will be gratified to learn that the affairs of those
companies have been, almost entirely, wound up, and amounts to the full
value of the Road's interest placed to its credit with European houses,
and consequently beyond the reach of confiscation. |
| We refer to the report for a
clear and concise statement of the affairs of the company, present and
prospective. |
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