NP, KD 5/12/1863

From the Knoxville Daily Register
 
May 12, 1863
  
Knoxville & Kentucky Railroad
   The following are the Reports which were submitted to the Stockholders at their annual meeting held on the 25th of March.
Report of the president
Office of the Knoxville & Kentucky RR. Co.
Knoxville, Tenn., March 25, 1863
 
   To the Stockholders of the Knoxville & Kentucky Railroad Company:
   The President and Directors deem it unnecessary to submit more than a brief report of the present condition of the Company and its operations during the past year. The grading from the present terminus of the track near Beaver Creek {which is 10 miles from the Knoxville Depot} to Clinch River has been completed. Several efforts have been made through the aid offered by the military authorities in this Department, to procure iron to extend the track to Clinton. These efforts, however, have all been unavailing. At present we can see no ????? The manner in which the road has been operated during the past year -- the condition of your property -- the earnings and disbursements of the Company, and the present state of the treasury will all appear fully in the reports of the Engineer and Superintendent and the Secretary and Treasurer, which your attention is respectfully directed.
Jos. A. Mabry, Pres't
 
Report of the Engineer and Superintendent
Office of the Knoxville & KY. Railroad Co.
Knoxville, Tenn., March 25th, 1863
 
   To the President and Board of Directors:
   Gentlemen: The finished portion of your road has been conducted during the past year with due regard to economy and, so far as lay in my power, to the best interests of the Company.
   I have the satisfaction again to report that no accident has occurred in running the road since it was opened.
   The Secretary's and Treasurer's report, to whom the accounts have been returned, will exhibit the receipts and expenditures of transportation.
   The contract for the grading to Copper Ridge was considered complete on the 1st of Oct., 1862. There being some prospect of obtaining iron, and the cut being likely to suffer from slides, notwithstanding it was taken out flatter than the usual slope in the county, it was thought proper to have the track laid through it and continue to take off additional from the sides. The same force has also repaired some of the embankments that had settled on adjoining sections.
   Before the track can be laid to Clinton, there still remains a small amount of work to be done in Section 15, where the contractor has a small force at work, and a piece of trestle work to be built on Section 12 which can be done in two weeks as the timber are already delivered. It is best to let the embankment on which it is to be placed a ??? until the trestlework is needed. There are also cross ties fo?? ??? cat six miles to be procured, some of which are under contract, and a few of them being delivered.
Respectfully,
C. A. Mee
Chief Eng'r and Sup't
 
[The report of the Secretary and the Treasurer will be given in a future number. -- ED]

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