| From the Clarksville, Tenn. Jeffersonian |
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| February 5, 1862 |
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| The Memphis & Ohio Railroad |
| We find upon our table the eighth annual
report of the Memphis & Ohio Railroad, from which we gather many
important items of information concerning this great enterprise, in
which our people have taken such a lively interest, which has proved
of such great service to the country since the commencement of the
war. |
| The report of the president, Mr. J. P.
Wood, gives us an interesting history of the road from its inception
to its completion, presents its cost, character, and advantages,
present liabilities and future prospects. Its superiority as a route
of travel from North to South, is fairly stated, and the statement of
receipts shows a very satisfactory condition of the Treasury. |
| The original cost of the road was about
three and one half millions, and the present indebtedness, is about
two millions and a quarter. The length of the road from Memphis to
Paris, is one hundred and thirty and seven-tenths miles, and it was
completed on May 11th of 1860. The first train from Memphis to
Louisville, was run on the 15th of April, 1861. The nett profits on
the business of the last year was $171,422.61, which was a very large
increase on the business of former years. |
| The road has not been entirely exempt from
the difficulties and harassing annoyances which attend all new
enterprises, but the managers can point to their present success with
pride and satisfaction, and safely promise increased usefulness and
greater profits in the future. The stockholders have a guarantee in
the energy, zeal and ability of their officers. Mr. J. P. Wood, the
President, and Mr. Dodamead, the Superintendent, that the interests of
the road will be vigilantly cared for, and its highest capacities
fully developed. |
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