PROCEEDINGS 
OF THE 
FIFTH ANNUAL MEETING 


OF TILE 


STOCKHOLDERS 


OF THE 


MOBILE & OHIO RAL, ROAD COMPANY, 


BLD IN THD CLIT OF MOBILB, 


MONDAY, MAY Sth, 1853. 


FA obile: 


DADE, THOMPSON & CO. PRINTERS. 


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PROCEEDINGS 
OF THE 
FIFTH ANNUAL MEETING 


OF THE 


STOCKHOLDERS 


OF THE 


MOBILE & OHIO RAL: ROAD COMPANY, 


TETIOIUID LY WEI CLINT OL MOBIL, 


MONDAY, MAY 9th, 1853. 


LDL ALALOLALADL BBL IW Oe ™ 


FL ovile: 
DADE, THOMPSON & CO. PRINTERS. 


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FIFTH ANNUAL MEETING. 
HELD AT MOBILE, MAY 9th, 1853. 
IIL ODO OOM I Me cemmmnnne 
The Fifth Annual Meeting of the Stockholders of the Mobile 


and Ohio Rail Road Company, was held in the City of Mobile, 
on Monday, the 9th day of May, 1853. 


Rett. Soo Keays sy 


The meeting having been called to order, Srpney Suitu, Esq. 


ey President of the Company, read the following 

a REPORT: 

\. To the Stockholders of the Mobile and Ohio Rail Road Company: 
a The pestponement of the Annual Meeting of the Stockholders 
os for three months beyond the usual period, was, in order that the 
RA Board might be enabled in this their Fifth Annual Report to state, 

43 that the basis, which it has been their constant aim to establish, was 
~ effected, and that it could be reported as complete ; aud it is with 

much satisfaction they now are enabled to state that the local 

@ work for the entire line is provided for and under contract for con- 

struction, (with the exception of some small portions purposely 

er reserved ;) and that thereupon the succeeding Board will be enabled 

s< _under very favorable circumstances to effect a loan to an amount 
-} sufficient to iron and equip the whole road. 

‘ Since the last Annual Meeting the Chief Engineer was duly au- 

AY, thorized to locate and contract for the local work as fast as the 

~ local subscriptions permitted, and to open correspondence with all 

e parties interested in Cross Roads or Branches. 


Suitable and judicious contracts were made for Paducah, Ken- 
tucky, the Tennessee River, and the Columbus, Mississippi, 


branches, or connections, and arrangements are now being made 


Ls | 

for a terminus at Columbus, Kentucky, and also for promoting re- 
ciprocal accommodations with all lines of other asics intending to 
cross our main truuk. % 

The Board can now state with confidence, that the completion 
of the entire road bed ready for the iron zs now fully secured by 
the local aid of private and public subscriptions, as is exhibited in 
the Report of the Chief Engineer, and that the local work is in 
the hands of able and competent Contractors, very many of whom 
are the wealthy and influential persons of the country. 


The Reports and Statements of the Secretary and Treasurer 
will exhibit in a tabular form— 

The Counties interested on the line of the Road, and amount of 
Subscriptions : 

The number of Miles under Contract : 

Receipts and Disbursements : 

The earnings and equipment of that section of the Road com- 
pleted, and the items of property belonging to the Company, 
other than the donated lands. 


From these and the Reports of the Chief Engineer, the follow- 
ing statement will show a general summary of the cost, and the 
resources that can be used for construction. 


Cost, CompLere—Estimated by the Chief Engineer, including 
Iron for one hundred and two miles of the Branch Roads, to wit: 


Local work complete. ...-+.....+.--.$4,776,576 
Furniture, Cars and Engines......... 1,600,000 
Iron for Tracks, delivering and laying.. 5,000,000 


TL Otel = ty » 91095 6)p:0ip sep sana ee 
REsOoURCES— 

Thirty-three miles complete, cost,...... $500,000 
Income estimated from Mobile tax,..... 1,130,000 

Private and public Subscriptions in Mis- 
SIBSIPD1 aw « bee < 09.0 onlp win 0 0100 m\0 bee oe) ply ae 
‘Do. in Tennessee and Kentucky... 1,228,100 
Other resources, sales Land and Lots... 100,000 


$4,902,200 
Total resources for local construction that must be regarded as 
perfectly reliable. 


[5] 

In addition to this sum the lands donated by Congress, and 
now in the possession of the Company, and worth on the completion 
of the road, 267 miles, $3.00 per acre, at a low estimate of the 
Chief Engineer, which is......ceees cee cee e eee eee $3,469,975 
The loan of the State of Tennessee by bonds to the 

MpMnenyy eay clot ale PU ey. BU Leen ee - 1,000,000 


$4,469,975 


a 


Thus making a cash and property capital already se- 
cured tle claw ae 33 2 6e© see ate we $9,372,175 














To enable the Board to withhold the Jands from sale till the 
road is made, a foreign loan of five and a half millions of dollars, 
(exclusive of the Tennessee State loan) as the Chief Engineer sug- 
gests, must now be made, for which the above total sum, less the 
Tennessee State loan, will be ample security. 

The construction as far as completed, and in progress south of 
Kemper Co., Miss., has been and will be promptly paid for by the 
Mobile tax and individual subscriptions, from the sales of lands, 
timber and town lots, and from the earnings of the road completed ; 
and from thence to the mouth of the Ohio by reliable county 
and individual subscriptions. 

The earnings of the road for the 33 miles, not yet nine months 
in use, already exceeds the cost of its maintenance and repairs, 
while much saving is made to the Company by the transportation 
of iron, &c. 

The Cars and Engines, now belonging to the Company, are suf- 
ficient for the use of the road, when extended fifty miles. During 
the last year a contract was made for the delivery here of 7,000 
tons of iron, at $51.00 per ton. This is now at Citronelle, and 
contracts for track timber have been made to continue the road 
from Citronelle without loss of time. 

It will be seen from the statement herewith, that the purchasers 
of the Bonds of the Company will have as a guaranty, and security, 
for their payment at maturity—a first and only mortgage lien, upon 
the whole road, (less the Tennessee portion) with machinery, fix- 
tures, &c., costing say $11,500,000—and a first and only mortgage 
lien on 1,156,658 acres of land, donated by the United States in 
aid of the road, and located within fifteen miles of the track in the 
States of Alabama and Mississippi, and will be worth within ten 
years after the rvad is completed $5.00 per acre. From the 


[ 6 ] 
foregoing and the exhibits herewith, it is believed the basis so — 
closely sought for is complete, and no difficulty can arise to pre- 
vent a favorable negotiation of our loan. 

The Board recommend that the present policy of not extending 
the Stock list be continued; for it is certain that the Company lands 
will more than pay the required loan, and 50,000 shares of stock 
will be the entire stock list of a road and branches costing eleven 
and a half millions, and yielding from its earnings large dividends. 
The loan being negotiated, the stock must appreciate. 

It will be a north and south line, and extending by its connec- 
tion with the Central Illinois line over 850 miles, and crossing 
over twelve degrees of latitude, and the consequent variety of cli- 
mate and production. 

It is the shortest practicable route from the Ohio river to the 
Gulf of Mexico. This road will pass for one hundred miles over 
a heavily timbered country, abounding in lumber of excellent qual- 
ity, for which Mobile is rapidly becoming a large market, and af- 
ter leaving the forest will strike one of the most fertile cotton re- 
gions of the South, again leaving which, it will enter the wealthy 
grain growing districts of West Tennessee. 

The local traffic, which will be furnished by the wealthy country, 
immediately dependent upon this road for an outlet to the sea, will 
alone make it a profitable line for the stockholders. 

The Board further believe that great confidence must exist in 
the value and stability of our road, when to the present prosper- 
ous condition of its affairs, we add the Government’s donation of 
nearly 1,200,000 acres of land, and one hundred miles of road 
nearly completed and paid for, equal in the aggregate at a mode- 
rate valuation to the sum of $8,372,175, including the subscription 
lists from Mobile to the Ohio line, all of which, with the road 
equipments and franchises form a real and ample security for all ~ 
the money we have need to borrow. 


The Board earnestly urge upon the stockholders the necessity 
of promptly meeting the payment of instalments, as they may be 
called for; and on this, and with you, therefore, rests the period 
when the road wiltbe completed. The loan now contemplated, is 
not intended for any local work, but is to be obtained and to be 
used only to iron and equip the road, after your subscriptions 
may have prepared it for that purpose. 


be) 

It must be borne in mind by the impatient, and by those who 
complain of the slow progress made by Directors, that until the 
vote of this City approving the two per cent. City tax, a little more 
than a year since, but little confidence in the making of this road 
was felt. This being accomplished, the Directors were enabled 
to fulfil their obligations, as promised to the citizens of Mississippi 
and Tennessee, to make the road bed to Kemper line, and which 
now is actively going on; and it is only within two or three 
months many of the counties voted their subscriptions, and made 
them available to the road; and it will not be out of place here to 
name that it has been necessary at different times during the pro- 
gress of this work, to use the means and credit of the Directors 
and other citizens, to prevent a suspension of the work. All that 
is now needed to prosecute this work to its completion, is steadi- 
ness, unanimity and perseverance. 

It is a gratification to the Board to be enabled to present this re- 
port, not merely that it presents a favorable condition of its affairs, 
but that for the first time we can say the public are interested and 
have faith. ‘T’o produce this conviction, has not been an easy 
labor; nor would this result have been expected at a much earlier 
day, when we reflect that so many of our active and wealthy citi- 
zens were objecting, and if they did not oppose, they did not aid. 

No previous year has brought so many favorable influences to 
operate, with so good results. In Mississippi, Tennessee and 
Kentucky, very many of their most influential citizens have been 
constant and earnest in their advocacy of this enterprise, and lib- 
eral in their subscriptions. It is proper also favorably to notice 
other gentlemen, who, acting as Agents for the Company, whose 
exertions have contributed much to the success of this work the 
present year. With the good spirit now abroad, the means of 
construction registered and duly forthcoming, there should be no 
distrust as to a favorable negotiation of the proposed loan, or ap- 
prehension that the work may not progress simultaneously at the 
various points of the line, to secure its completion by first of June, 
1856. 


All of which is respectfully submitted, 
, SIDNEY SMITH, President. 


[8] 
THE TOTAL RECEIPTS AND EXPENDITURES 


Up to the 30th of April, 1853, have been as follows, viz: 


Total Receipts to date of last Report........-..20. $372,836 06 
From instalments on Stock.......-... $43,730 11 
City Bands jai a fom osie= ts a's eee en 310,000 00 
City Tax for 1851 3566s sasasc eee 12,518 73 
City Tax for 1852.55. .0s.enenceccces 103,770 17 
Donated cand: Account.c 3. sees cues 1,878 42 
Running Department.........2+-.... 28,957 63 
Village: Thote, ois. eves vonke ep srenmas 6,030 66 


Engineering Acc’t—Sale of Horses, &c. 146 90—507,032 62 





$879,868 68 
The Expenditures since the last Report have been— 
Total to date of. last Report... 025i... cee eee $372,676 22 
For Graduation, Masonry and Bridging, $149,543 71 
Balance of Cross Ties and Track laying, 


BS MUCK. cals cic ce amen an eee eee 17,695 47 
Engineering Surveysie sds dete e se ede 5,766 34 
Rails, Spikes and Chains...........0. 84,993 05 
Station Grounds.....<. si bG% wee he 7,581 17 
Office and Contingent Expenses....... 8,690 04 
Engineering—Construction..........2. 28,478 81 
Bills Payable..... enews wigtS ech ieee 47,000 00 
Interests cas sssie « wie'eke ekte ae ee Bae > ~“#072Ge 
Interest on Bonds... <<... cees ol ateresatate 16,811 34 
W ater. Pietures. .. «ices ob evs» eee 3,834 61 
TG Paine POOR Seem. o'kjnve om > 0% 2'o a'n ae os 2,759 61 
Expenses on Donated Land.......... 4,490 91 
Commissions and AgencieS.....sesee0. - 4,650 00 
Station Buildings and Furniture....... 8,458 30 
Machinery—Locomotives and Cars.... 55,027 65 
Personal Property... .cccnccusnccnsace 1,700 00 
Running Department—Expenses and 

Repairs sjcjscineccaes inlaleia hs of nice ese. 26,215 25—-480,804 88 
Cash. onghand «assent tiene Cees en aia 6,579 28 
Cash subject to draft in New York. ........0e00> - 18,503 11 
Due from, Uidivitighlss< on ccd eek eee eee 1,345 19 


—_—_————— 


$879,868 68 


L9] 
BALANCE SHEET OF THE BOOKS 


Of the Mobile and Ohio Rail Road Company, April 30th, 1853. 





DR. 
Ne eater, cle a's d's Gia alee cbde’ eres 6 0 oe 6,579 28 


Ketchum, Rogers & Bement........ 18,503 11 
Construction—-Graduation, Masonry, 
and Bridging...... 300,291 30 
Do. Cross Ties and Track. 35,047 09 
Engineering—Surveys..esecceseeeee 53,001 26 
Rails, Spikes and Chairs......+ee5e- 190,396 77 
PEED ITOUNGS: conc cpichecsccepee 16,302 54 
Memeranva- ACCOUNGS 3% i! .0s cece ees | 18,992 31 
Engineering—Construction......++++ 43,900 20 
Commissions and Agencies........++. 7,882 40 
SMR Way eee Cee et tae 1s 
Interest Account. .sccccccccsccscces ~ 3,694 00 
WVIREIOIAM IXCLUTER . 6:0 9.0/8 epic ose 0 0 0 2 ov 3,936 79 
Repair Shops. ...scccscccsesccceses 2,400 61 
Beh 1aGYi Chak. uy slileeet > oldie oxele cis) | .0; 116% de 
interest on- Bonds ese evel es cece cicce °16,81104 
Station Buildings.....seecccsceeces 10,116 05 
UR CMMI CTV S AE cle feis'ais b.5 $10 Oe Sr OSoaN oS 7, 
Personal Property. os cieiss poise ceo cine !, 1,700 00 
Fridiviaual Account. ss-cepececccees § §«=©61,345 19 


$801,777 10 
CR. 

PEMIDIINIGNHtS . v\cd.sdiecnisiesis » aisie's «cle deOL20,000 45 
City Bonds...csccccccccccccevesee 310,000 00 
Bills Payable....cccecccccceesess 63,000 00 
ie Or 1550, seas peasscse bes, S4,100 ag 
Do. ROP ES) Limes wales mateine pee Livia 1? 
Do. Ti eee ett atdecascebe'e! » OF SOOM ET 
Village Lots. ..ccccccccecccesceees 6,030 66 
Running Department.....eeeeceeee 2,690 23 
Capital Stock issued..........0e0e 190,700 00 


$801,777 10 
2 A. F. IRWIN, Treasurer. 


[ 10 ] 
SCHEDULE OF SUBSCRIPTIONS 


For Local Work of the Mobile and Ohio Rail Road Company. 












































Length - |Total Amount 
CounTIES. AMOUNT SUBSCRIBED. in each 
| Miles COUNTY. 
Mobile County, Ala..... | 624 | By City of Mobile. $1,130,000 
By Individuals. ... 500,000 ; 
_ $1,630,000 
Wayne County.. -- Miss. 344 | No subscription. 
Clarke Co..2 2.12 344 | By Individuajs........0..... 10,500 
Lauderdale Co..... yf 34.6 | By Individuals......-.-....- 41,500 
Keemiparyese sats. 26.6 | By County........-. 75,000 
By Individuals....ee.e. biti 000 ; 
270,000 
Noxubeé@.ess.----. 4 20.0 ("By Colmhtysito wees 100 000 
By Individuals... ...300,000 
400,000 
Lowndes and Oktib- 25.5 | By Counties... ..2.. 140, 000 
béhaiie. Be2.5. a By Individuals....... - 130,500 , 
271,000 
Monroe and Chicka- By Counties........ - 50, 000 
gaw 0h bce: + 25 | By Individuals .... ...238,800 
288,800 
PUDtOUOC. sin nk oh ecux 4 14+)By- County; tee. 100, ey 
By Individuals .... ... 134,300 
234,300 
Itawamba ......... as 30 | By Individuals.............- 214,500 
Tishamingo...... ere 35 | By Individuals..........-..-. 213,500 
Total length in Miss. 272 Total in Mississippi.... $1,944,100 
Madison County..Tenn. 33 | By County......... heey 
By Individuals...... 135,500 
wa 385,500 
MON 2107 9's enn eyn as 34 | By Individuals...-.........- 131,700 
SiON esl eee ke ae” 30 | By County...... ---- 150,000 , 
By Individuals......-.. 159,776 
Obion and Hender- ' — 309,776 
B0D hos scoeeh acs Ke 214 | By Individuals: 5....202. 2228 51,200 
Total length in Tenn. 1184 Total in Tennessee..... 878,176 
McCracken County, Ky.|50 to 60 By Paducah....-. -- $200,000 
miles. | By County.......- - 100,000 
By Individuals, estm’d, 50,000 
—_—_— 350,000 
Grand Total subscribed and solvent....-... $4,802,276 
From sale of Timber, Lands and Lots..... 100,000 
Total ‘available means)..«+-/--s9-sc+seeee $4,902 276 


_———- 
_—_—_—_ 


Rail Road Office, Mobile, May 9th, 1853. 


[41] 


SCHEDULE OF LANDS BY LAND DISTRICTS, 





St. STePHEN’s LAND OFFice, 


ALA. 


No. of Acres. 


Even Sections within six miles of M. & O. R. R. line, 166,77775% 
do. 


Odd Sections within fifteen miles 


Total, St. Stephen’s Land District 


do. 


Demopo.is LAnp Orrice, ALA. 


Even Sections within six miles of M. & O. R. R. line, 


246,227,551. 








413,005-24, 











Odd Sections within fifteen miles do. do. 6,055;55 

Potaly Demopolis District joc ik aiele basen e's « 6,242.28. 
Tuscatoosa Lanp Orrice, ALA. 

Even Sections within six miles ot M. & O. R. R. line.. 80345 

Odd Sections within fifteen miles do. do. 200745 

Total, Tuscaloosa District. ..sscecseccees 280,35, 

RECAPITULATION—St. Stephens..... 413,005,233, 

Demopolis...... 6,242.25. 

Tuscaloosa....... 2805575 

Gy ACTED TBH ALAUGNGS coda > wie uo tinssip 4.9: 419,528,454, 





Aveusta Lanp Orrice, Miss. 
Even Sections within six miles M. & O.R. R. line... 243,77013. 


Odd Sections within fifteen miles 


Total, Augusta District... .++ese0+ 


do. 


Co.tumsBus Lanp Orrice, Miss. 


Even Sections within six miles M. & O. R. R. line.. 
Odd Sections within fifteen miles 


Total, Columbus District 
RecaPituLaTion—Augusta........ 
* Columbus.....«- 


do. 


do. 


do. 


Total Acres in Mississippt. .o0+ereccese 





44 
00 
9 


esseeeeeee eSereaoeese@ 


0 





Granp ToraL.....--1,156,6587'3, 
Rail Road Office, Mobile, May 9th, 1853. 


No. of Acres. 


374,115,232, 


617,885,435, 





44,724.82. 
74,520 








119,244.84. 


100 


617,885,545. 


100 


119,244.84. 


eee 


737,130,282, 





REPORT OF THE CHIEF ENGINEER. 





To Sipney Smiru, Ese, President 
Mobile and Ohio Rail Road Company: 


Dear Sir :—Since the last Annual Report, the Engineers and 
Agents of the Company have been steadily engaged in urging 
forward the business of the Road, in acquiring material aid at 
home and public confidence abrvad, as the following statements 
will show: 

Between February and August, of the past year, the tracks 
were completed to the town of Citronelle, thirty-three miles from 
Mobile; and all necessary equipment of cars and engines, and of 
local buildings, fixtures and furniture were supplied for the busi- 
ness of transporting passengers and freights. Terminating as 
these thirty-three miles did in the pine hill forests, not much in- 
come was or could have been expected for the road, until extend- 
ed further to the cotton producing lands of the Chickasawha val- 
lies. But it was necessary to operate the road, unpromising as 
the prospect was, as a means of aiding its further extension, and 
of satisfying the people of the country of its existence and motive 
capacities. Thus it commenced; and up to this date has been 
working about ten months to Citronelle: And although the running 
has been several times interrupted by the unprecedented storms 
and inundation of the last summer and autumn, yet no damages 
have occurred to the roadway, except the washing out of some 
light sand banks where the grade of the road was laid too low, or 
the water drainage under it, too narrow. All of which defects 
are now corrected, aud the banks renewed with heavier materials 
and fortified against future floods. Notwithstanding these inter- 
ruptions and damages, the earnings of the road have exceeded the 
aggregate cost of their repair, of running the road and of the gravel 


[ 13 ] 

train whilst engaged in ballasting the softer portions of the road- 
bed.. It is confidently believed that serious injury from floods will 
not again accur upon any portion of the entire road ; because the 
storms of the past year have indicated, for the first time in four 
years, the maximum volume and force of the streams to be cross- 
ed by it; the knowledge of which will enable us to guard all fu- 
ture constructions upon the line. 

Additional force of cars and engines have been purchased, deliv- 
erable at Mobile, for the increasing business and early extension 
of the road to the Chickasawha river; all of which have been re- 
ceived excepting one engine. The rolling-stock of the road now 
consists of 

2 22 ton freight engines ; 

2 17 do passenger and freight engines ; 
1 10 do passenger engine ; 

3 first class passenger cars ; 


1 second do. do. do. 
41 eight wheel freight do. 
30 four wheel gravel do. 


S four wheel lumber and iron cars. 
2 hand cars—all new and in good condition. 

Iu consequence of the liberal subscription of the real estate 
owners of Mobile, in February, 1852, under the two per cent. 
law, fifty-five miles of the road beyond Citronelle, were placed un- 
der contract in May last, to be completed ready for the iron on or 
before the 1st of November, 1853. And in July last, a full sup- 
ply of iron rails, for these fifty-five miles, was contracted for, and 
is now received at Mobile. The timber for this portion of the 
road, in addition to a considerable quantity of cross-ties now on 
hand, is also contracted for and in progress of delivery, and the 
track-laying will be commenced as early as the graduation will 
admit. 

I regret the fact, that this work of graduation has not been 
pushed as rapidly as was hoped for and expected. Owing to the 
scarcity of men and the high price of labor through the past sum- 
mer and winter—to want of energy in one important contractor— 
absence of another, and to the common tendency of men to pro- 
crastinate labor, especially in hot weather, some time has been 
-lost—yet, all claim to have done the.best they can. I have no 


[ 14 ] 
reason to doubt the honesty of their intentions ; and if they fail to 
fulfill their obligations zm t2me, they must, respectively, answer in 
damages. 

But making ample allowance for delays of this work, incident 
to this wooded and sparsely ‘settled portion of the route, I can see 
no reason why eighty-eight miles of the road should not be in run- 
ning order in the spring of 1854; and thereafter, draw to Mobile 
the trade and travel-of the whole southeastern quarter of Missis- 
sippi. In anticipation of this progress of the road, the Postmas- 
ter-General has already authorized a mail-coach line between Mo- 
bile and Columbus, Mississippi, to run in connection with the cars ; 
and knowing that these eighty-eight miles of road will form very 
much the best outlet for the products of the counties drained by 
the Chickasawha and Noxubee rivers, 1 cannct doubt but the in- 
come of the road will then pay five per cent. upon its cost, besides 
the running expenses. But no time has been allowed for stop- 
ping the track at the end of eighty-eight miles for a single week. 
For the line beyond, and to the centre of Lauderdale county, was 
placed under contract in August last, to be finished in the autumn 
of the present year, and thence to the south line of Pontotoc coun- 
ty, 267 miles from Mobile, the contracts were made in September 
last, to be completed on or before the first day of September, 1854. 
This work is now generally begun and making fair progress—the 
heaviest sections throughout having been let toexperienced contrac- 
tors, and the light sections to the inhabitants of the country living 
near the line. All possible precautions have been taken to secure 
the execution of the work within the times specified, and as the 
contractors are all believed to be men of hovor and ability, we 
scarcely need fear a single failure. 

In compliance with the cardinal principle of your existence and 
safe progress as a company, zot to make contracts and incur obliga- 
tions faster than sufficient means of payment are furnished to secure 
the completion of specific portions of the road, all contracts of last 
year were restricted to thoseabove mentioned. To extend the sub- 
scriptions to the full amount required for the road in Mississippi 
and Tennessee, and obtain a reduction of time for the payment of 
county instalments, have engrossed the active exertions of the lo- 
cal agents, Dr. Cunningham and Major Wheeler, in Mississippi, 
and Dr. Hess, in Tennessee, aided as they have been efficiently by 


[ 15 ] 
other distinguished gentlemen of both those States, and I am hap- 


py here to say that their efforts have been approved by success, 
even beyond reasonable expectations. 


It will be recollected that the estimated cost of loca! work from 
Citronelle to the south line of Pontotoc county, was stated in the 
Page Penal eporty te bey ON es. Meee YUL eee ea $2,236,576 
Whilst the amount subscribed up to September last and 

applicable to the completion of this portion of the 

Remnsernetr, Wasee ello. NS Ns Je ua ty ate Pe 2,146,576 


DAMME SE OLICIY Of «2. 5.0 date. cies die,¢ aisle a dis.che eceee $90,000 


Lowndes county, Miss., was called upon to make up this defi- 
ciency, and promptly and nobly have the people responded, by 
voting the whole sum by an overwhelming majority. At the same 
time, and with equal unanimity, they have voted a further sub- 
scription of $125,000 for a branch road to the town of Columbus, 
which, after having been accepted by the Directory, will be loca- 
ted and placed under contract as soon as practicable—thus, the 
whole two hundred and sixty-seven miles of the main road south 
of Pontotoc county and the Columbus branch are provided for. 


North of Pontotoc south line, for the remaining sixty-seven miles 
of the main road in Mississippi, and fifteen miles of the Tennes- 
see river branch, the revised estimate was $740,000. For one 
hundred and eighteen and a half miles in and through Tennessee 
to the Kentucky line. 

MANIA. GStIINELOs WAS «0. <!0. 64:4 «14.019 Seine v4.0.0 tn Nae . $900,000 


Total to Kentucky line ......... eae tas ae Fs $1,640,000 


For which we now have subscriptions as follows, including all 
stock subscribed for by the contractors in part or entire prayment 
for work, to wit: in the counties of Oktibbeha, Chickasaw, Pon- 
totoc, Itawamba, Tishamingo, and applicable to the work in North 
Mississippi ---+e+...2-- § Seta wmen,2 They aelestars eee. $762,000 
In the counties of Madison, Gibson, Obion, McNairy, 

Henderson, and Weakley, Tennessee, and for work in 

SPPSCETIOE wo Gintw a aidlere dela) oreia ais’ o.81m staple, nya Mieue a ate 878,000 


Making together, ..... dif alin seeee 1,640,000 
The full amount of the estimates. 





[ 16 ] 
I was advised in January last by the local agents, that the sub- 
scriptions would when completed equal the estimates. Accord- 
ingly no time was lost in advertising the work for contracts to be 


made at convenient points upon the line in the past months of 
March and April. ; 


These appointment have been punctually met, and I now have 
the pleasure to report, that the whole road 7s wnder contract to the 
Kentucky line, four hundred and fifty-three miles from Mobile, ex- 
cepting a few miles of light work in Tennessee and North Missis- 
sippi which can be constructed in six months, and for which I 
have responsible offers, to be adjusted in a few days, on my return 
to that part of the line. Nine-tenths of these contracts have been 
taken by the planters of the country, who have in all cases given 
bonds for the performance of the work on or before the 1st day of 
November, 1854. Owning and controlling the labor of the coun- 
try, they are freed from the fluctuations incident to the employ- 
ment of foreigners—and therefore the more certain to complete 
their work within the time specified. 


As convincing proofs of the interest and confidence of the peo- 
ple of the country along the whole line of the Mobile and Ohio 
Rail Road in its value and management, I have only to state that 
the contracts have been taken by them at prices fixed by your 
Chief Engineer, and the right of way and station grounds (with 
here and there an isolated exception) released without charge. 


In Kentucky, upon the remaining forty miles of the main line, 
the questions of county and individual subscription are now being 
presented and discussed with vigor and with great certainty of 
success, at least as far as Columbus, where $20,000 have been 
subscribed. Upon the Paducah branch line more energy and in- 
terest prevail. $300,000 have been subscribed by the town of 
Paducah and county of McCracken, leaving $200,000 yet to be 
made up by the county of Graves and by individuals. That the 
whole sum of $500,000 will be raised by these counties before the 
end of June next, in conformity with the contract between the Mo- 
bile and Ohio Company and Judge Campbell, of the 2d of November 
last, there is not the slightest reason to doubt; for that contract is 
universally approved by the people, and those who had previous- 
ly opposed county subscriptions are now in favor of them. 


[ 17 ] 

There are two controlling causes of this state of feeling. ’ First, 
the positive agreement of the Mobile Company to iron and equip 
the road when graded ; and, second, the recent act herewith sub- 
mitted, of the Illinois Legislature, chartering a company to build a 
railroad from the Ohio river, opposite to Paducah, to Vincennes, 
ig virtually an extension of the Paducah branch to central Indiana 
and to Cincinnati; thus, a terminus of the Mobile and Ohio Road 
upon the Ohio river at Paducah, will be established simultaneous- 
ly with the completion of the main line through Mississippi and 
Tennessee. 

Another terminus upon the Mississippi river, at Columbus, will 
follow in quick succession, and though last, net. least important, 
another near the mouth of the Ohio within a year thereafter. 

From these statements of our local affairs, the means and pro- 
gress of the road at this time are as follows: 

In Alabama, for local work north of Citronelle to Kemper 
county line, commenced in May and September last, and bound 
to be all done in 1853, to the centre of Lauderdale county—Mo- 
bile City subscription and work. ...ee..seeeees e222 291,130,000 
In Mississippi, for local work between Lauderdale and 

Pontctoc counties, to be finished in September, 1854 | 

—individual and county subscriptions,...........:. 1,181,860 


Tn Mississippi, north of Pontotoc line to Tennessee 

line, to be finished lst November, 1854—individual, 

county and work subscriptions.....0....ee.e---. 762,300 
In Tennessee to Kentucky line, to be finished 1st No- 

vember, 1854— individual, county and work subscrip- 

Mr e) SeR eo: gay Ne ee pe ae 878,100 


Making a total of ...... Be VWieln salel. tbnlc'Naete 3,952,100 
for the four hundred and twenty miles of road between Citronelle 
and Kentucky, now in progress of graduation. 

In Kentucky, the line to Paducah, will be ready for contracts by 
the 1st of August or September next, and to be finished 31st Jan- 
uary, 1855—county and individual subscriptions...... $350,000 
To which, add cost of local work of thirty-three miles 


PO AGU as c'gen a's om «a 2 0 o dee se won diewie auld ee. 500,000 
Also, from sale of town lots at twelve stations of Rail 
Road located upon Rail Road lands........... -e- 100,000 


3 


[ 18 ] 
And our total of local means will be for local works, 
expended and to be expended upon the through line, 
Paducah and Tennessee river branches ..........+- 4,902,200 
The revised estimates for the same local work, substi- 
tuting the Paducah line for the shorter one to the 
mouth of the Ohio river, 18 -...es.seeeecceceneese 4,776,576 


The contracts are now made through Tennessee; and when the 
affidavits of the President and Engineer are filed with the Governor 
of that State, proving that a solvent stock subscription, equal to 
the estimated cost of the local work has been obtained, then that 
State will issue 6 per cent. State bonds to the Company as fast as 
the grading shall be executed and ready for iron and machinery 
to the amount of $8,000 per mile for iron and equipments; equal 
in the agregate to about one million of dollars ; for which the State 
will hold a first lien upon the portion of the road within her own 
limits. These affidavits can be filed as above in thirty days. 
From the land office under the act of Congress of September 2Uth, 
1850, certificates have been issued to the company for 1,156,6583 
acres of land; all that remains vacant by alternate sections within 
fifteen miles of the road in Mississippi and Alabama, leaving a de- 
ficit under the grant as now construed by the Department of 
55,3772, acres, which it is believed Congress will hereafter au- 
thorize the Company to select outside of the fifteen mile limit. 

It is also believed that the law of Congress recognized but one 
road—as the extension of the Illinois Central, from the mouth of the 
Ohio river to the City of Mobile. But the United States Attorney 
General, in order to limit the grant to the length of the road in 
Mississippi aud Alabama, has, in his recent opinion, (adopted as 
the rule of the department) divided it into four roads, as separate 
and independent as the four State jurisdictions through which it 
passes—yet the law is in terms and effect as follows: To aid in the 
construction of a Rail Road from Mobile to a point at or near the 
mouth of the Ohio river, as much land im proportion to the length 
thereof is given to the States of Alabama and Mississippi, as to the 
State of Illinois for the Central road. 1 believe this to express the 
true intent and meaning of the law, and that Congress will so 
construe their own act. 

You are aware that the first decision of the. Department denied 
us land for the road through the Chickasaw cession—but this 


[ 19 ] 
decision has been subsequently and rightfully reversed, and upon 
precisely the principles of this reversion, are we entitled to about 
500,000 acres beyond the present certificates. 

An application has accordingly been instituted before Congress 
for the whole amount of the grant, and for widening of the 15 mile 
limit, to admit of the selection of the present deficiency and of 
any additional quantity obtainable for the line in Tennessee and 
Kentucky. But the amount already received and sold within two 
years, as it may be, after the completion of the road, cannot ave- 
rage less than three dollars per acre, which gives a sum of 
$3,469,975, which, added to the amount for local work, subscribed 
and in progress of expenditure, $4,902,200, gives us a property 
capital of $8,372,175, upon which, as security by mortgage in trust 
of road and lands, a loan of $6,500,000 including the Tennessee 
loan of $1,000,000 at 6 per cent. will be required to complete the 
main road aud itronthe Paducah, Tennessee river, Columbus, 
Kentucky, and Columbus, Mississippi brauches. All of which 
branches, in the aggregate will be one hundred and two miles 
long, and furnish immense amounts of traffic to the main road. 

The road being now under contract to the Kentucky line and 
thence very soon to Paducah, and the work in a good state of 
progress, upon four hundred and twenty miles south of Kentucky, 
and having authentic proofs in hand that the stock subscriptions 
are solvent and sufficient for the local work, there can be no seri- 
ous difficulty in contracting for the loan above mentioned upon 
favorable terms, without recourse to discounts or double broker- 
age. It is, however, understood and required that this loan shall 
be exclusively applied to the purchase and delivery of all irons for 
and laying the same in the tracks, and for cars and engines and 
other furniture for operating the road, and not to be used in any 
manner to relieve local subscribers from the prompt payment of 
their tax and other installments for local work. 

This requirement, for the speedy payments and progress of the 
work, is of the first importance, both tu the Rail Road Company 
and to bond holders, and must be strictly complied with. 

It is contemplated, however, as all past and present payments 
for iron, cars and engines, have been taken from the fund raised 
for local work—that an equal amount wil! be returned to that 
fund whenever the loan shall be effected. 


[ 20 } 

The efforts of your Engineers and Agents have been constant- 
ly directed to the establishment of the road where the greatest 
good may result to the stockholders and to the people at large, 
and by candid, prompt and honest dealing, secure the confidence of 
the people of four States traversed by it. Special attention has 
also been paid to the cultivation of friendly relations with the 
managers of other Rail Road improvements with which your 
road, sooner or later, may be brought into connection. 

The highest interest of each is to attract custom by furnish- 
ing facilities to reduce the time and cost of transacting the busi- 
ness of the people. 


This being a common interest, the more favorably roads are 
joined, for the free, speedy and economical interchange of freights 
and travel, the better for them all. In this respect the Mobile and 
Ohio Road bears‘a remarkable relation to all others, being the only 
north and south line, and one hundred and seventy-seven miles 
shorter from the Tennessee river to the Gulf, than via the contem- 
plated diagonal road to New Orleans, it stands unrivalled to give 
and receive trade in all directions upon even and equal terms; 
requiring no rule of action but this one; to hasten the transit of 
passengers and property safely and kindly wherever they seek to go. 

In process of time, near or distant, and governed by this rule, 
your road will be brought into favorable connection with the fol- 
lowing named roads, many of which are now in course of con- 
struction, to wit: The Vicksburg and Alabama, Selma and Mis- 
sissippi, ‘Tuscaloosa and Mississippi, Columbus branch, Miss. 
Charleston and Memphis, New Orleans and Great Northern, 
Hickman or Columbus, Ky. branch, and thereby with the Central 
Missouri line, Illinois Central, Tennessee and Alabama, Nashville 
and Northwestern, Paducah branch, and by the latter with the 
Wabash and Ohio—also with the Mississippi, Ohio and Tennessee 
rivers, at points most accessible at all times for steamers. 


With an earnest desire to meet the wishes of Stockholders at 
all points, by the early completion of the road, every possible effort 
has been made to get the whole line into simultaneous progress. 
During the past fourteen months, (since the 2 per cent. Mobile 
City subscription,) the stock subscriptions in Mississippi have been 
raised from $1,075,733 to $1,944,]00—in Tennessee, from $136,500 
to $878,100, making an aggregate increase of $1,609,967—and in 


[ 21 ] 

the same time four hundred and twenty miles beyond Citronelle 
have been placed under contract, of which fifty-five miles are now 
two-thirds graded, the iron, engines and cars therefor nearly all 
delivered, and all of the remaining three hundred and sixty-five miles 
will be graded as fast as the iron can be delivered and laid. Froma 
careful consideration of the present condition of the work, and of 
all circumstances likely to influence its progress, with the best ap- 
plication we can make of the labor and capital of the country, I 
feel justified in giving the following assurance—that the cars will 
run to Winchester in April, to Enterprise in August, and to Lau- 
derdale Springs in December, 1854; to Pontotoc county in June, 
and to Jackson, Tennessee, in October, 1855, and through to the 
Ohio river in the winter of 1855 and 1856. 

But these results will require the prompt payment of install- 
ments, both county and individual, as called for. The stockhold- 
ers, one and all, are assured that the one effectual way of pushing 
the work, is for them to push their installments into the hands of 
the Treasurer. 


I will answer for having workmen enough to draw them out. 
With high regard, I am yours, 
JOHN CHILDE, 
Chief Engineer and General Agent. 


The reports were received by the meeting with great satisfac- 
tion, and on motion of J. C. Rupert, Esq, five thousand copies 
were ordered to be printed, and that each Steckholder be furnish- 
ed with a copy. 


And the meeting adjourned. 
SIDNEY SMITH, President. 
A. F. Irwin, Secretary. 


[ 22 ] 


Os 
a? 


Wepnespay, May 11, 1853. 


At an election by the Stockholders, held this day at the office of 
the Mobile and Ohio Rail Road Company, the following named 
gentlemen were elected Directors of the Company for the current 
year, viz: 

1—JAMES WHITFIELD, Mississippi, 
2—MILTON BROWN, Tennessee, 
3—SIDNEY SMITH, 

4—J. EMANUEL, 

5—D. STODDER, 

6—R. LEE FEARN, 

7—M. WARING, 

8—F. B. CLARKE, 

9—D. W. GOODMAN, 

10—H. A. SCHROEDER, 

11—N. ST. JOHN, 

12—H. FOSTER, 
13—CHARLES WALSH. 


And at a Meeting of the Board, held the 12th inst—Simnry 
SMITH, was unanimously re-elected President of the Company, 


and A. F’. Irwin, Secretary and Treasurer, 


NOTICE TO STOCKHOLDERS, 


eee 


At a meeting of the Board of Directors, held the 4th of May, 
1853, the following Resolutions were adopted, viz : 

Resolved, That the following Installments are hereby called on 
the Subscriptions for Stock in the States of Mississippi and Ten- 
nessee : 

From all Stockholders north of Chickasaw and Monroe coun- 
ties, as follows: 


BLS se oie e LOOa sce cts eashic cess 20 per cent. 
meptember Ist, © .ccasevcaacccccns TU 
MIRE YC LSE so LBOLaeavidet e's sieecsenou oe | 
Lec es wate wide wtdst Jam wore 1 Oye 
Bepsemoner ist, “sutewstauhap esas 2 LOR Sige 
BMEMEDW 18l.0 5 LOo0s wé « «weno aseie eajen SO 


The first call to include any per centage heretofore paid. 
From the Stockholders in Mississippi and Alabama, south of 
Pontotoc and Itawamba Counties, Mississippi, as follows, to wit : 


September Ist, 1853........ ocee.-.210 per cent. 
OMNIA EY Lele. elSOds oc ccceeme ss am acdiiinn es 
BURR EB uta eeeli wale 50,90 = pisses my es Bd EN 
Beptember Ist, “ .ccacecanns Uaseekone aie 


Resolved, That interest at the rate of six per cent. will be 
allowed upon all installments paid tiJl the completion of the Road, 
when a Stock dividend will be issued therefor. 

Resolved, That on and after June Ist next, interest at the rate 
of six per cent. will be charged and collected upon all installments 
passed due, until paid. 

(Extract from the minutes.) 


A. F. IRWIN, Secretary. 


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1) Dick Bros. & Lawrence. 


~ ANNUAL REPORT 
MOBILE AND OHIO RAILROAD CO. 


1886-87. 





Spe ae ares 


Feet 


Ls tg A ea DLE BAUR LY RNC CAT ee See AGA ARG: AER NRL AAAS 





eee tele ce ee iN IN EET 


ANNUAL REPORT; 2 


MOBILE AND OHIO RAILROAD CO. 


NUS GNO keg @h te 


Aleto Bork: 
Eventne Post Jon Printinc OFrFicr, cor. BRoADWAY AND FULTON STREET, 


1887. 


Mobile-and Ohio Kailroad Company. 





1sSSs7. 
aD ereeate DIRECTORS. 
Be “ght. STEVENS, T. M. R. TALCOTT, 
Sec, ae * SIQNEY SHEPARD, HENRY HALL, 
poor vay “ont an ISELIN, Jn, PETER HAMILTON, 
tieeres aye .B. PLANT, E. L. RUSSELL, 


wo”) GHARLES WALSH. 
J. H. FAY, 
w. 


D. P. BESTOR, 
J. P. McMAHON, 


BUTLER DUNCAN. 





OFbr ke fh Gaeeks eo 
Oct., 1887. 

President W. BUTLER DUNCAN New York. 
Vice-President and Gen’1 Manager TT. MR TACO RE Mobile. 
Treasurer and Seeretary HENRY TACON Mobile. 
Assistant-Secretary CHARLES WALSH New York. 
Comptroller GEORGE LAYET Mobile. 
Traffic Manager H. 8. DEPEW St. Louis. 
Superintendent Mobile Division D. McLAREN Mobile. 
Superintendent St. Louis Division CHARLES HAMILTON... St. Louis. 
Superintendent of Transportation ad: * 4 

and Acting Purchasing Agent . M. SWEENEY St. Louis. 
General Solicitor EK. L. RUSSELL - Mobile. 





Mobile, Ala. 
Company’s St. Louis Office, Equitable Building, St. Louis. 
11 Pine Street, New York. 


Company’s Main Office, - - &, 2, 


Company’s New York Office, - 


Transfer Offices, Moprue and New York. 


N. Y. 


Register of Stock and Debentures, THz Farmers’ Loan & Trust Co., 


le les MOM 


THE MOBILE AND OHIO RAILROAD ComMPAnNy respectfully 
submits its thirty-ninth Annual Report for the year end- 
ing June 30, 1887. 


LenetH or Roap (Inctupine K. & T. R. KR. & St. L. & C. RK. R.). 





Main Line: Miles. 
pacts ty. th. Mobile, Ala.,.to Columbus, Ky: oo c0ocec ce. ne 472 
K. & T. R: R.,: Columbus, Ky., to East Cairo, Ky...............; 21 
Remini. te. COiros Ii to St. LOUIS... 55 cose haces cs deel ee 151.6 
Branches : 
ML TAR eR RIOTOOGN TITANCH re: Sh, cat clove wale ald deeds ams 9 
mee Wrote tes COM DUB BLATGU 7... «ise cewjutiacd Sosa ee 14. 
SOC Pier re LAL VILE BEEILCH G6 cc oo. oars bis «dye vege < este valve 11 
Brenda is Rew Milistadh: Branch oy ye ool. eee as scot be. 9 
TREN, SUE Ne OM) | GIRLIE SESS Seen tte eee Ni a aE IP ORD Oana 687.6 





LOCATION OF THE Roap By STATES. 











Mar Line. BRANOHES. ToTaL. 























Mow O. R. RB. 

Main Side | Main | Side Main | Side Total 

Track. |Tracks.| Track. |Tracks.| Track. |Tracks. ‘ 
PaamainGs. 20... ss. 61 ais eee he ee of i 61 14.31 75.31 
Mississippi......... 372 26.69 34 5.79 | 306 32.48 338.48 
m rennessee.......... 119 Ney at Bee ee | ae 119 6.24 125.24 
POOMUCKY.. 2... 0... ATE LOS Aca. ree) sons 41 10.47 51.47 
eRe Ban tad Aes MDE te Ave ines. go ke ty 4.24 4.24 
493 | 61.95| 34 | 5.79 | 527 | 67.74 | 594.74 


St. L. & C. R. RB. 
OC Aa nea 151.6) 22.74 | 9 1.71 | 160.60) 24.45 | 185.05 


AECL ee a2! a2 644.6) 84. 69° 43 7.50 | 687. 60 92.19 | 779.79 











4 


Rar In TRAcK JUNE 30, 1887. 




















Mies. 

M. &\O. RR Rs Steel. Tron. 
Mobile to Meridian.............. REE Ae fags 5. 108.01 26.99 
Meridian tto-Okolonai’, .2. 0 on. Pee ces ae 116.80 9.70 
Okolonatte Connth' {2 -.. Bea eee eee Os) SE 63.59" 8.71 
Corinth -to Best Oaird : 9c. ee. ede ee eee 162.70 <2 ae 

451.10 40.40 

Columbus:é'8.,Colum bus, Ky vo. Sena eee eee 1.50 se 
Aberdeén: Branch: oso. os S64 eae eee 9.00 
Columbus (Branch 40. 6) Soe ee eee eee 4.82 9.18 
Starkville Branch 322 tees ee eee 8.42 2.58 
465.84 61.16 

IGS traCkees Oe Te ey ns RR ee a ee L328 63.36 
Total ML. &'O WR. Rh. racks ee eee 467 . 22 124.52 

St. L. & C:.B.R.: 

Oairo to Hast St. Louis . 5. >.) eee eee eee 151.60 = eee 
Millstadt Branch fers cir ere) ot ee ce ee 9.00 
‘Side tracks 27h. tie ikesk ce Oe ee 16.11 8.34 
Total St. L.°& ©. BR; Be Tracks 2453.23 cee 167 47% 17.34 
Total, M. & O. R.R. and St. L. & C. R.R........ 634.93 141.86 











The total length of main line and branches (including 
the St. Louis and Cairo Railroad) operated by the Mobile 
and Ohio Railroad Company during and at the close of the 
fiscal year (June 30, 1887) was 662.6 miles. 

The Columbus and Starkville branches (25 miles) have 
been operated during the year by and under an agree- 
ment with the Georgia Pacific Railway Company, the 
revenue derived therefrom appearing in miscellaneous 
receipts. 

The change of gauge of the St. Louis and Cairo Rail- 
road was not completed until late in November, 1886, up 
to which time it was necessarily operated as a narrow 
‘gauge road, and its transportation service for the public, 
and the revenue derived therefrom, were seriously inter- 
fered with and indeed reduced to a minimum, for its nar- 
row gauge freight equipment was little more than sufficient 


5 


to meet the demands upon it for the transportation of the 
large amount of new material which had to be distributed, 
as well as the other work attendant upon the reconstruc- 
tion; and even after the change of gauge, the widened 
road-bed was to so great an extent new, the sidings so insuf- 
ficient, andin many other respects the road itself so incom- 
plete, that both as a matter of prudence and of necessity 
to avoid accidents, the St. Louis and Cairo Railroad was 
operated during the entire year at great disadvantage; 
and, consequently, the returns of its operations for the 
past year should furnish no fair basis or criterion by which 
to estimate future results; and comparisons with previous 
years will in the exhibits attached to this report be con- 
fined to the operations of the Mobile and Ohio Railroad 
proper. 

The following statement shows the general income 
account of the Mobile and Ohio Railroad Company (in- 
cluding the St.-Louis and Cairo Railroad) for the year 
- ending June 30, 1887: 


Gross Earnings : 








BOHM LPOTOnt oo eat eae A Ee eee ot $1,762,181 63 
aa Passengers ss. ao. tL Bitics or 430,296 41 
Rep ailieelViCG soe. Sat eo Sao No 50,583 79 
nas OX PPCSE SERVICE. Succi. Sas 53,343 40 
‘* miscellaneous resources. ------ 134,975 58 

Sa rd LAE Bi a gas oom es _. $2,431,880 76 


Operating Expenses : 


for general expenses. .s2.---'-.-.---- $286,905 31 


‘* conducting transportation ------ 443,080 41 
EomeIMObLve: DOWEer 2 ae 2 a. | 444466" 39 
Selrarnvenalice, OL. Cargdas-o- 25225 - 208,146 32 
‘* maintenance of way------------ 411,069 21 





$1,798,667 64 








6 


The results of the year’s operations are as follows: 


Earnings Mobile and Ohio Railroad.............. 
Operating Expenses Mobile and Ohio Railroad... . 


Earnings St. Louis and Cairo Railroad 


0 ie 6) eid é 50 a 6 oie 


Operating Expenses St. Louis and Cairo Railroad. . 


Excess of Earnings over Operating Expenses...... 
Deduct Taxes and Insurance... ....7.....7.5.5.054 


$2,006,432 90 


1,397,711 42 . 





$424,947 86 
310,739 74 


Cr 


0. 60 & OC je We) we Peet 


$608,721 48 


114,208 12 


722,929 60 
85,216 48 





Balance of Earnings (26.23 per cent.)...... ARO RN .. $637,713 12 


Paid Interest on Bonded Debt — 


First Mortgage, Bonds iene een vee 
First Mortgage Extension Bonds 
Wharf Bonds 


sets ea [e Ae» Leiae Stet © 


2 2. ole (9 eM ede 6..0 #2 01.6 2) 6) a fe Je see) 6S Shela ete tee la 


Paid Rent accrued account of agreement with St. 


$420,000 00 
60,000 00 
860 00 





L. and C. R. R. Co., July 1, 1886, to December 


«© ple eo 2 fe le se lele @¢ @ 9a el lis is te tele 5s leks) Sune ste e Mies 


Paid Rent accrued account of agreement with St. 


L. and C, R. R. Co., January 1, 1887, to June 


eo © © © 0 0 ‘oe: 2 BD.» 2 (0. @ 0).01D. 0s ere [eel 6" ols fe 2 @  s) a .ere. oie 


Paid Interest on Car Trust Debt 
Paid Interest and Exchange 
Balance to Credit Profit and Loss 


© @ © 08/0. © © » ele © 8 6 8 2 © 
© € = le 2b 6 ©, 0. 0 <>yobn 9 > © Od ole 
o 9 @ © se (6 6:0 © Oe ete! es 


Earnings as above 


s 4 0 @ 0 be 6. 0 © = ee 00 Ss is ayes (6n6 1s 18: 





© © 0 js @ 6 0 266 0b Oe 


o's olecn es ‘oso 018 pb Ee 


010 ee 8 e.0 ¢ & © pm @ ers 





© ve 0 @. 0 9.0.6, 620 nn sane 


$480,800 00 


128,863 15 
15,426 04 
11,303 26 

1,320 67 





$637,713 12 


The following is a comparative statement of the revenue 


derived on the Mobile and Ohio Railroad proper from each 
branch of the service, with a comparison also of the service 
performed: 














1885-86. 1886-87. Increase. Decrease. 

Total revenue from 

Teeeeete ys. . $1,471,097 41 | $1,464,171 43 | .......... $6,925 98 
Total revenue from 

passengers...... 338,772 08 342,891 03 $4,118 95 
Total revenue from 

mail service..... 36,652 24 39,766 28 3,114 04 
Total revenue from | 

express service. . 42,122 77 MPTP CRO ty Eh ce saan 1,330 48 
Total revenue from 

miscellaneous. . . 73,684 44 118,811 87 45,127 43 
Miles run by pas-' 

senger trains.... 630,898 00 708,154 OO 77,256 00 
Miles run by freight 

ES ae 700,112 00 801,963 00 101,851 00 | 
Miles run by freight 

cc 3 LS eae a 16,030,872 00 | 17,660,747 00 | 1,629,875 00 
Tons of freight 

CO Se ri 484,549 40 527,890 40 


mile 


ee eC wWad © 6 elle 's 








97,734,678 00 


113,378,057 09 








43,341 00 
15,643,379 00 | 








The increase of $45,127.48 derived 
sources is explained as follows: 











from miscellaneous 























1885-86. 1886-87. | Increase. Decrease. 
| ‘ 
From associate roads... . ........ $52,581 40 | $52,581 40 
‘¢ tolls for use of 
MERCER eH es | $26,445 31 UA AOD TEN OT, he wa! at. $1,987 17 
‘«* net earnings of) 
branches oper- | 
ated by G.P.Ry. 7,849 47 17,543 20 9,693 73 
«* extra baggage..... 4,111 47 4,478 21 366 74 
QE 4,325 87 Be SBUS4) tists Ma he 1,465 03 
Beemrentiee...s .. 7,720 10 ae 94 Ne nt eat 3,692 16 
‘¢ special trains and| 
train privileges.| 10,760 50 ay 9 Ol ON eae 7,218 73 
** sundry other 
sources ....... 12,471 72 DeSeOCA EN Ob cme. 3,151 35 
1 OSG ge Sareea $73,684 44 | $118,811 87 | $45,127 43 





While the total revenue from freight is $6,925.98 less 
than the preceding year, there is an increase of 15,648,879 


mile tons. 


8 


Miscellaneous freight shows an increase in revenue of 
$88,775.78, with an increase of 62,626 tons moved. 

The revenue from coal freight decreased $12,746.66, with 
a decrease of 16,263.3 tons moved, resulting from the ces- 
sation of work, from strikes, for a great part of the year 
in many of the Alabama mines. 

The revenue from cotton freight decreased $82,955.05, 
with a decrease of 12,088 bales moved. This latter decrease 
was in part caused by the falling off in the crop; but the 
decrease in revenue was mainly the direct result of the 
reduction of rates forced upon us by the Mississippi Rail- 
way Commnission, and further by the active competition of 
new lines entering our territory, which resulted in draw- 
ing cotton from our line and reducing our haul to junction 
instead of to our own terminal points. We are prepared 
to meet this competition wherever it can be done with 
a margin of profit, and to retain for our territory the 
advantage of distant markets, unless compelled by the 
action of the Mississippi Railway Commission to abandon 
Inter-State business in order to prevent a wholesale reduc- 
tion of our State rates, and a consequent loss of revenue 
more than we can bear and properly maintain the property 
and meet the fixed charges; in which case we would be 
forced to avail of that clause in the Mississippi Railway 
Commission Act which authorizes us to make such charges 
as shall ‘“‘allow a fair and just return on the value of 
such railroad, its appurtenances and equipments,” conse- 
quently compelling us, for self-preservation, to advance 
local rates in that State in order to compensate for the 
loss of profit on the long haul, which, though small, has 
nevertheless contributed to our net earnings for the greater 
portion of the year. 


9 


_In comparison with the preceding year, the several 
branches of the freight traffic of the Mobile and Ohio 
Railroad proper show that 


In the local business: 


ome Increased... es oe 15, 280 11.10 per cent. 

Ton miles increased............ 3, 220,956 14.80 ae 

Revenue increased ............. $21,913 66 5.12 te 

Rate per ton per mile decreased................... .223 cent. 
In the connection business: 

Wene imcreased,. 2.7 ..2 07. oe. 40,241 14.59 per cent. 

Ton miles increased............ 12,950,995 19.31 ie 

Revenue decreased............. $814 19 0.09 as 

Rate per ton per mile decreased................... .316 cent. 
In the through business: 

monsniecressed 2535055. 0... SS. 12,180 9.87 per cent. 

Ton miles decreased............ 528,582 2.15 7 

Revenue decreased......... .... $28,025 45 18.26 ae 

~ Rate per ton per mile decreased................... .099 cent. 


The through passenger service shows a loss in revenue 
of $6,856.18. This was a necessary consequence of the 
impossibility during the past year of making reasonable 
and safe through connections until our St. Louis line 
should be in satisfactory working order. The local and 
connection passenger business showed, however, an in- 
crease in revenue of $10,975.18. 

The comparison of the several branches of the passen- 
ger traffic shows that 


In the local business: 


Passengers increased ........... 27,731 8.8 per cent. 
Passenger miles increased...... 117,163 1.3 s 
Revenue increased............. $4,418 71 1.8 Lt 
Rate per mile decreased......... .012 4 Ree he 

In the connection business: 
Passengers increased........... 995 4.9 per cent. 
Passenger miles increased....... 64,548 2.25 s 
Revenue increased............. $6,556 42 10. bi: 
Rate per mile increased......... At 7.5 ih 

In the through business: es 
Passengers decreased........... 1,751 49.2 per cent. 
Passenger miles decreased...... 483,043 52.25 Se 
Revenue decreased............. $6,856 18 , 44.18 es 


Rate per mile increased......... 307 18.1 


10 


The growth of the freight and passenger traffic of the 
Mobile and Ohio Railroad from 1878 to the present time is 


shown by the following table. 
























































PASSENGER. 
at | 
m@®Dd 
YEARS. oir 
Train Miles.| Passenger, S Sp 3 Karnings. 
S24 
oC RQ 
et 
LS16 27 9 soe 360,681 6,968, 900 4.17 $290,314 10 
LBTO S00 Lye ae 404,743 10, 468,635 3.80 398,216 77 
1880281275 122 ae 382, 154 11,312,655 3.67 | 416,126 95 
18S1Les2 Ea eck ee 418,704 12,409,125 3.33 401,701 51 
Note) ah PRL Nees pe A 419,673 13,335, 826 3,21 427,999 08 
IB8S 284 Cris Oe 474,255 15, 267,220 2.71 413,094 11 
1884-85). 44.05 750, 767 20,197,865 tab Ba 433,895 04 
TSSH=8O8 ! ieee ee 630,898 12,961,735 2.61 338,772 08 
ISS6-87 3. os ieee 708, 154 12, 660, 403 2.71 342,891 03 
FREIGHT. 
6 
YEARS. = ks 
Train Miles. | Mile Tons. a8 Earnings. 
o % 
ao. 
aad ¢ 
LB 1Gad0 oo oe eee 617,540 58,339,703 2.48 $1,444,737 02 
1679-80 Re tea 752,756 80,406, 765 Dae 1,772,984 23 
1880-81 enyee ts 809,987 86,956,914 2.06 1,791,502 66 
IBSl-B2. ay eee 737,015 75,184,535 215 1,617,932 23 
1882-838 foe 3 eee oe 774,825 75,330,860 2.28 1,716,339 28 
1BSG204 oes ee 805, 360 87,024, 793 1.97 1,712,92a-a8 
IS884-Sa fio hee 759,437 89,732,465 1.70 1,526,494 34 
TB85=86s eh Cees 700,112 97, 734, 678 1.50 1,471,097 41 
1886-87 2.3 wee 801,963 118,378,057 1,29 1,464,171 43 




















The enormous increase here shown, especially in freight, 


train, and ton miles, which in nine years have almost 
doubled, with scarcely any change in gross revenue, is 
due to the creation of competing. lines which have entered 


zi) 


our territory and divided or diverted our business, and 
while the result of such increased facilities will, as it 
always does in due time, develop the country faster and 
to a greater extent than would otherwise have been the 
case, yet in a section almost entirely devoted to agricul- 
ture, such development is necessarily slow both in the in- 
crease of population and of products. But in addition to © 
the effect of competing lines, which have also developed 
new sources of supply and have opened new markets, 
our revenue has been very seriously affected by the action 
of the Railroad Commission in Mississippi and the uncer- 
tain readjustment of rates resulting from National legis- 
lation. We have endeavored to conform strictly to both 
State and Inter-State legislation. The Inter-State Com- 
missioners have not denied our right to meet such com- 
petition as is not within their control, and from the State 
Commissions we expect similar treatment, and especially 
a recognition of the fact that in judging of the reason- 
ableness of our rates, they, as well as the public, will take 
into consideration the large preponderance of our business 
in one direction (41,468,303 mile tons), which in effect 
obliges us to do double service for a large part of it, as is 
shown in an exhibit hereto attached. 

The following statement shows the increase or decrease 
in each class of expenses as compared with the previous 
year, though the increase has not been in proportion to 
the very large increase in the amount of work done. 



































| 
1885-86. 1886-87. Increase. | Decrease. 
General expenses....... $210,001 23 $222,805 50)$12,804 27 
Transportation expenses. 316,144 10 _ 340,366 65) 24,222 55 
Motive power expenses. 336,406 67 352,336 64| 15,929 77 
Marvexpenses 2. Pcl... 161,330 27 168,072 O01! 6,741 94 
Roadway Expenses..... 431,701 78 DOS OOM LO See os $47,401 65 
POA S sham, ures 2 $1,455,584 05) $1,467,880° 93/$12, 296 a 

















The increase of 6.1 per. cent. in general expenses is 


12 


mainly in the Traffic Department, and is due to the 
opening of the connection with St. Louis, and a com- 
plete set of offices at that point; and to the establishment 
of new foreign agencies, advertising, stationery and print- 
ing, salaries and office expenses, which increased in the 
aggregate $18,207.86, while other items were less than the 
previous year. 

The increase of 7.7 per cent. in transportation expenses, 
4.7 per cent. in motive power expenses, and 4.2 per cent. 
in car expenses, is more than accounted for by the ad- 
ditional service performed, the expenses having increased 
in a less ratio than the work done. 

The decrease in roadway expenses is mainly due to the 
lesser amount of steel rail charged in the expenses of this 
year. Owing to the large amount of the line now laid in 
steel, it is estimated that proper maintenance can, with 
the present traffic, be had by charging hereafter in the 
operating expenses of each year the equivalent of twenty 
miles of new rail. 

The rapidly increasing volume of the business requiring, 
with a due regard to economy, the use of heavier motive 
power and increased length and weight of trains, has ren- 
dered necessary additional construction in bridges, trestles, 
or the filling in of same, more permanent ballast than 
mere maintenance had previously required, additional 
sidings, and especially increased equipment, and other 
additions to actual property, so as to enable the Company 
to do its business hereafter at a less average cost, which 
necessity results from the forced reduction in our rates 
and the consequent reduced percentage of profit. 

To meet these requirements the Company has deemed it 
necessary for the maintenance of its business, in addition 
to the expenses of operation, to make during the past year 
additions and improvements, full details of which are 
given in Statement No. 17, heretoattached. Of the amount 
so expended $114,384.54 has been charged to the Renewal 
Fund, and $173,767.26, less $47,186.28 realized from sales 
of lands at over schedule value and from discount on de- 


13 


bentures purchased for Sinking Fund, has been charged 
to cost of property; in addition thereto there has been ex- 
pended on account of additional equipment the sum of 
$165,761.84. 

Among the important items included in the above men- 
tioned additions and improvements, has been the recon- 
struction of the following bridges of iron upon permanent 
masonry, replacing wooden structures unsuitable and un- 
safe for the heavier traffic: 


Limestone Creek...1 span 98 feet deck truss and masonry...... $7,959 63 
Chickasawhay ...... bons tans stn LOuRL, S geen Neat eee 13,243 04 
Oktibbee No. 2..... bi diy Moen 8 ee ¢ i, hg RS Eee 10,095 68 
re Creek”... ...... Tease oe Os" rs plate girder masonry. 4,047 82 
Chickwappa........ 3. ‘** 45 ‘* deck plate girder masonry.... 6,697 74 
*Tuckalubba Creek..1 ‘‘ 125 ‘‘ truss (masonry only)........ 2,132 76 
Paompn LPorked. Deer, 1) 6° 75 3** * .¢ hy CF rae ss tog 1,845 49 
Middle Forked Deer.1 ‘* 100 ‘* through truss and masonry... 4,929 99 
North Forked Deer.1 ‘* 50 * ‘¢ plate girder ‘* suk Fh 2, 921; 26 
‘South Obion....... Pantha Lis i ‘¢ trussand masonry... 5,743 30 
North Obion....... Peay i aS oH a $f ... 6,862 24 


EU RENO GALT WS Cok tRdial td sieiatel od doable wd eke eed ties BACLT eSs $66,478 94 


* Partially completed June 30, 1887. 


Also the purchase and development of the valuable de- 
posit of very superior gravel which was discovered last 
year near Columbus, Miss., and which has been availed 
of for ballast in the prairie district and on the Columbus 
and Starkville Branches, and 264 miles of the main line 
have been ballasted during the year. Also to purchase and 
provide requisite connections between the Mobile and Ohio 
Railroad and the St. Louis and Cairo Railroad at Cairo, an 
additional telegraph wire from Mobile to Cairo, additional 
sidings and increased relay stations and facilities. 

All these expenses were deemed absolutely necessary to 
the proper maintenance of the business, and many of 
them essential to the safe running and operation of the 
road-under the altered conditions imposed upon us. 

To make these obligatory additions and improvements 
we have heretofore depended largely on the Renewal Fund, 


14 


which has partially furnished the required means. This 
fund at this date stands in credit $522,105.58, $104,295 of 
which is represented by Second, Third and Fourth Deben- 
tures and Stock, amounting in the aggregate to the par 
value of $501,500. The balance of this fund is represented 
in materials and additions to property. 

It has not been the policy of the management to realize 
the securities in the Renewal Fund at the depressed price 
at which they have been selling, and they have from time 
to time accordingly acquired the necessary means by tem- 
porary loans, believing that the future of the property 
will enable them to realize for these securities a value 
to which they should be entitled. 

In addition to the charge of $114,384.54 above referred 
to, there has been transferred to the Renewal Fund $123,- 
184.78, heretofore carried in Rail Renewal Account, which 
represents the balance of the cost of 14,253 tons of steel 
rails laid in the track during the last three years, after 
crediting the amounts realized from the sale of old mate- 
rial; this balance will be gradually charged to Operating 
Expenses, as explained in the Annual Report for 1884-85. 
The cost of over 7,750 tons of new steel rails has, in this 
manner been charged in the Operating Expenses of the 
past three years. 

The debits to the Renewal Fund, which is in effect 
a Construction account, have, during the year, exceeded 
the credits by the sum of $33,091.12; but with the view 
of showing additions made to property prior to June 30, 
1886, the cost of which had previously been paid out of 
the Renewal Fund without being, as it should properly 
have been, represented in ‘‘ Fixed Investment,” there has 
been replaced to the credit of the said Renewal Fund the 
amount so expended, viz., $235,961.82, and the same 
amount has been debited to cost of new property. 

The last of a series of four bonds of $10,000 each, se- 
cured by mortgage upon certain wharf property in Mobile, 
has been paid during the current year; this gives the 
Company absolute title to 1,164 feet of wharf front in the 


15 


City of Mobile, upon which there has been also previously 
expended in permanent improvements, $50,483.70. To 
this has been added a further purchase of 87 fest, as 
shown in the above statement, which has cost the sum of 
$8,000. This property, which is improved with that here- 
tofore owned by the Company, will prove most valuable 
as the sea-going trade of this, our Southern terminus, in- 
creases. 


EQUIPMENT. 


The equipment, which has been fully maintained and is 
in good serviceable condition, consists of (June 30, 1887) : 


88 engines. 
39 passenger cars. 
6 passenger and baggage cars. 
11 baggage and mail cars. 
6 express cars. 
2,367 freight cars. 
viz.: 1,105 box cars. 
485 flat cars. 
496 coal cars. 
154 stock cars. 
87 road cars. 
18 caboose cars. 
22 cabin cars. 


An increase during the year of 21 engines, 3 passenger, 1 
baggage and express, 167 box, 195 flat, 2386 coal, 18 road 
and 22 cabin cars. 

Of the above, 6 passenger cars, 600 freight cars and 38 
locomotives have been purchased by means of Car Trusts, 
on which is due the sum of $532,000, which is being 
gradually reduced by payment of Car Trust notes as they 
mature. Car Trust A has disappeared, having been ex- 
tinguished by full payment, and the cars represented 
thereby are now the absolute property of the Company. 


16 


St. LOUIS AND CAIRO RAILROAD. 


Under the agreement entered into with the St. Louis. 
and Cairo Railroad Company, there has been received from 
and on account of that Company, including the proceeds 
of the old material, the sum of $1,274.861.72. This sum 
has been expended upon St. Louis and Cairo Railroad 
proper, the property of the St. Louis and Cairo Railroad 
Company, in the virtually complete reconstruction of that 
road, which is now of standard gauge throughout, with 
steel rails, first-class iron bridges over its two important 
streams, etc. And its maintenance hereafter becomes a 
part of the operating expenses of the Mobile and Ohio 
Railroad Company under the contract. 

The importance to the Mobile and Ohio Railroad Com- 
pany of this connection has not been and cannot be over- 
estimated, and while its maintenance will, for a time, be 
exceptionally large, for it is, in effect,a newly constructed 
road throughout, and much remains to be done to secure 
permanence, still much has been done and what remains 
can be gradually added. Without this St. Louis con- 
nection the Mobile and Ohio Railroad would have been 
powerless to cope with the influences which have increased 
with great force during the past few years. 

In addition to the other manifest advantages however 
resulting from this connection with St. Louis under our 
own control, we have been negotiating an agreement 
(since perfected) with the New Orleans and Northeastern 
Railway Company which will give us the advantage of an 
initial line in New Orleans, thus giving us a line from 
that city to St. Louis (705 miles) virtually of the same 
length as the [llinois Central and the Cairo short line (708 
miles). 

LANDS. 

The Alabama Land and Development Company, in charge 
of the lands of the Company under its control and super- 
_ vision, report a great improvement in the condition of the 

lands in their protection from depredation and despoilation, 


Le 


A number of new mills also have been erected and the out- 
look is encouraging. (See letter attached hereto.) From 
the proceeds realized from sales and rentals during the 
year, there has been added to the sinking fund $70,000 
Debentures. The Trustees, the Farmers’ Loan and Trust 
Company, now hold inthe Sinking Fund, First Debentures 
amounting to the aggregate sum of $552,000. 


GENERAL REMARKS. 


It is shown by the foregoing report that, owing mainly 

to the influence of legislation, our rates have been forced 
down to such a point that only with the greatest econ- 
omy and with increased facilities have.we been enabled 
to meet the operating expenses, taxes and insurance and 
the fixed charges on our very limited burden of debt, 
but without being able to make any return from the 
operations of the past year to the owners of the prop- 
erty. ‘To this unreasonable influence is to be largely at- 
tributed the unsatisfactory results for the past few years 
of railways in that section of the country, and if persisted 
in it will check further investment of capital in similar 
enterprises intended to benefit the very communities 
which support such sumptuarylaws. 
In addition to the effect of legislation, our gross revenue 
for 1886-87 has been seriously affected by the other altered 
conditions of competition and Inter-State legislation re- 
ferred to, and which have forced a reduction in rates and 
largely changed the character of the: business, and have 
been especially onerous to us, because it was only at the 
close of the year, as hereinbefore explained, that we were 
enabled to avail of the advantages to be derived from our 
connection with St. Louis and the important railway sys- 
tems centering there. Since the close of the year the 
business done over this connection has largely increased, 
and there is abundant evidence that with enlarged facili- 
ties, it will continue to grow rapidly and to the material 
advantage of the whole line. 

Extraordinary expenditures for additions and improve-: 


18 


ments to property beyond the cost of maintenance, opera- 
tion and proper repair have been deemed necessary, and 
have moreover been forced upon us by circumstances over 
which we had no control, to maintain the business of the 
Company, and while those expenditures have not produced 
during the past year immediate results, yet there is no 
question but that the benefit to be derived therefrom will 
soon’ become apparent in the more economical mainte- 
nance and operation of the property, and in the ability to 
satisfactorily move a larger volume of business. Such ex- 
penditures practical experience shows are necessary upon 
all improving and growing lines, and this is especially 
the case with roads in the Southern States, which show 
signs of active development; no section of the country 
offers better encouragment for the future than does the 
South, and consequently no railroads will need more new 
capital expended than do Southern roads, which have, 
until a few years back, kept themselves barely afloat by 
high rates necessary to circumscribed business, but are 
now confronted by new conditions and considerations. 
Such expenditures, however, for actual additional prop- 
erty, should be capitalized so as not to impose an undue 
burden upon the current revenue which would otherwise 
be applicable to the junior securities. 


W. BUTLER DUNCAN, 


} President. 
October 1, 1887. 


~ MosILe, ALA., September 30, 1887. 


Messrs. T. M. R. Tatcort and E. L. RUSSELL, 
Attorneys and Agents 
FARMERS’ LOAN AND TrRusST Co. oF NEw YorK. 


GENTLEMEN,—Referring to my letter of October 12, 1886, 
I beg to state that the Alabama Land and Development 
Company have adhered in the main to the general policy 
therein outlined in respect to the management of the prop- 
erty controlled by it for The Farmers’ Loan and Trust 
Company, known as the ‘‘ Mobile and Ohio Railroad 
Lands,” the results of which we hope have been satisfac- 
tory. 

Our Land and Immigration Department has. received 
special attention. We have established a branch office at 
St. Louis, and distributed a large amount of advertising 
matter all over this country and Kurope, which is begin- 
ning to bear fruit. We are having many inquiries from all 
sections and are assured of some good sales at an early 
date. 

Our Naval Store Department has been very much de- 
pressed this season by the exceedingly low prices prevailing 
in home and foreign markets, ruling most of the time be- 
low the actual cost of production, which has very materi- 
ally affected our receipts from that source. 

Our Timber Department has been very much encour- 
aged by the increased Western demand, especially for car 
lumber and dressed plank, the latter enabling our mill- 
men to find a market for their sap plank, which in the 
past was considered worthless and burnt at the slab pile. 
We have succeeded in locating near Mauvilla, on the Mobile 
and Ohio Railroad, a large and first-class steam saw-mill, 
with a pole railroad out into the timber. This mill has 
been in successful operation for several months, and 


20 


reaches a territory with its pole railroad that was hereto- 
fore inaccessible. 

A similar mill to the one mentioned above, cone pos- 
sibly larger, has been located on the Mobile and Ohio 
Railroad about sixty miles north of Mobile. This mill 
was destroyed by fire soon after.-its completion, a few 
weeks ago, but arrangements have been made to rebuild 
it immediately on even a larger scale. 

We have also about completed contract for the construc- 
tion of a large, first-class, steam saw-mill, with dry-kilns, 
planers, etc., and a railroad out into the timber, about 
sixty-five miles north of Mobile, on the Mobile and Ohio 
Railroad, and succeeded in getting several small mills at 
Vinegar Bend and Escatawpa, long idle, into successful 
operation. All of these mills will prove of great value to 
our Timber Department and the Mobile and Ohio Railroad 
Company. While we have been thus active along the line 
of the Mobile and Ohio Railroad, the resources of other 
sections more remote and inaccessible have not been over- 
looked. 

We recently sold some twenty thousand acres of pine 
lands lying about twelve miles fromthe Bigbee River, the 
purchasers proposing to build a narrow gauge railroad 
from the Bigbee River out through this property and into 
another tract of forty thousand acres we have in same 
locality. The timber on the lands penetrated by this rail- 
road was badly boxed years ago, and is now rapidly dying 
_ and being destroyed by forest fires, so it behooves us to 
give it our special attention in securing an outlet. 

Our Rent Department is in good condition. We have 
endeavored to secure good tenants, who would not only 
pay their rents promptly, but take good care of the prop- 
erty. Some sections of our agricultural district suffered 
from drought, which will affect to some extent our re- 
ceipts from that source. : 

Our Ranch Department is giving good roiltsae and 
while we have not been ableas vet to get many interested, 
we look for great improvement in this department, as 


21 


those who have ventured are realizing handsomely on 
their investment, and are very much encouraged. They. 
report that our pine lands, denuded of timber and properly 
cultivated, produce fine crops of grain, German millet, 
upland rice, peas, etc. They claim to get about two tons 
of the native grass from an acre, which makes a splendid 
feed and costs nothing, except the expense of harvesting, 
as it grows wild and in abundance on our entire forest of 
some five hundred thousand acres. 

~The Alabama Land and Development Company have 
settled and purchased a tract of our average pine land near 
Buckatunna, about seventy miles north of Mobile, on the 
Mobile and Ohio Railroad, for the purpose of starting a 
farm on which it proposes to grow all the grains, grasses, 
fruits and vegetables adapted to that section, keeping ac- 
count of all expenditures so as to show what can be done 
ona pine land farm. We also hope by this-means to dis- 
pel all doubts as to the adaptability of our pine land soil 
and climate north of Mobile for agriculture, stock raising 
purposes and health. 

Yours very truly, 
T. C. LEAKE, JR., 


President. 


‘22 














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23 


No. 2. 


GENERAL STATEMENT OF GROSS REVENUE AND OPERATING 
I;XPENSES OF THE MOBILE AND OHIO R. R. Co. (INCLUDING 
THE ST. Louis AND CarRoO R. R.) FoR YEAR ENDING 


JUNE 30, 1887. 








M. &O. BR. BR. |ST. L. &C.R.R. 








Gross EARNINGS. 


MPBICEETALUG( = 05s aves es « : $1,464,171 43 $298,010 20 
Passenger traffic ............ 342,891 03 87,405 38 
Mail service......... Mae ks S 39,766 28 10,817 51 
Express service ............. 40,792 29 12,551 11 
Miscellaneous ........ ...... 118,811 87 16,163 66 
Balance from 1885-86........ To (UL UO O Ne Se «tks 
(COE RES Sy aan eae $2,014,141 98 $424,947 86 





Gross EXPENSES. 








General ...............2+00s| $222,805 50 $64,099 81 
PERUSPOTIAtiON | (0.36... 86s 340,366 65 102,713 76 
BiGHVG DOWEL: . 65... 2 cee eee 352,336 64 92,129 75 
SPIES gta Ce Ci ciie' a «2's ss ace vs > 168,072 01 40,074 31 
ME a hh fees se acne ka > 384,300 13 26,769 08 
TES Oy ae OR $1,467,880 93} $325,786 71 


TOTAL. 


$1,762,181 63 
430,296 41 
50,583 79 
53,343 40 
134,975 53 
7,709 08 


$2,439,089 84 


$286,905 31 
443,080 41 
444,466 39 
208,146 32 
411,069 21 


$1,793,667 64 


24 


MOBILE AND OHIO RAILROAD COMPANY. 


STATEMENT OF INCOME AND PROFIT AND Loss ACCOUNTS 
FOR YEAR ENDING JUNE 30, 1887. 











INcomME ACCOUNT. 





Net earnings Mobile and Ohio Railroad............. $538,551 97 
Net earnings St. Louis and Cairo Railroad........... 99,161 15 

ne $637,713 12 
Interest on Funded Debts isa. oe ee eee eee $480,800 00 | 
Unterest on Floating Debt ..., 25. .....ccceeeen cn ects 11,303 26 
Interest‘on Car. Trusts sooo 3 bois eee eer ee eer nen 15,426 04 
| Rental St. Louis and Cairo Railroad .......... ey: 128,863 15 





—-— $636,392 45 








2 Wiklclete W's aisle tgs ras a woes Ree tien Coe 214 odin oo ee $1,320 67 


ProFit anD Loss. 
Balance to credit this account June 30, 1886......... $7,709 08 
Amount credited during past year account 


,e eer eee oe 


Net income. as abave.m. . i208 va. nos ee eee ee 1,320 67 


. Balance <8) ees. . ee aes Dee ——_ —___— $9,029 75 





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No. 9. 


Gross EXPENSES IN DETAIL OF THE MOBILE AND OHIO 
RAILROAD COMPANY FOR THE YEAR ENDING JUNE 30, 


1887, COMPARED WITH THE PRECEDING YEAR. 


























Operating Expenses. 1885-86. 1886-87. 
GENERAL EXPENSES. 
Advertising—General p.. i Sounc. scm» os eee Ve $259 10 | $368 83 
General Officers—Salaries and expenses of...... 39,351 75 31,540 57 
General Offices—Attendants in................. 2,037 50 1,298 15 
ks OlOrks Pag v.0. 28 the eee 22,486 73 25,604 38 
wv Fuel and lights for.2.22 fae 882 54 1,198.93 
4 Hurmiturevor-.<. 2.5" .2 beeen 2,249 87 2,189 09 
.s Incidental expenses of........ 3,343 55 3,558 65— 
f Repairs and rent of ........... 2,250 57 5,637 91 
Insurance—On car shops and sheds... .. ...... | 
a On general ofiGest cr. le cc te eee 
3, On goods in warehouse ............. 
A; On’ goods in) transit. cii<s, oc bees [ eee 2 OST aay 
di On machine-shops and engine-houses| | 
i On other buildings and structures. ..| | 
Legal Department --Incidental expenses of .. ... 1,725 58 2,527 93 
haw: books fore. sass Bae 401-70 1,459 27 
é Salaries and expenses of .... 9,907 74 9,940 84 
Supply Department—Salaries and expenses of... 7,882 05 8,009 10 
Stationery and Printing —For general offices..... 3,307 85 3,604 77 - 
For legal department. . 283 70 240 51 
: For supply department 270 O07 359 14 
Taxes--Coun ty. Jes bons 5's re ele eae meee ee 
ge Municipal sauces coats ect ene 64,007 10 60,581 81 
aE Stabe |... teehee aes eras oY alee eens Oe ene 
Traffic Department—Advertising TOF Gye ee Bo eee 1,486 72 4,495 25 
Drawback and allowance. . 2,357 23 39 O07 
h Foreign agencies .......... 13,302 78 16,404 95 
ss Office rent and furniture for 2,429 35 3,163 47 
2 Postage and express for .... 738 39 442 63 
é Salaries and expenses of.... 15,774 12 22,653 84 
af Stationery and printing for. 3,415 39 7,898 71 
obel .. ee Fe ate ete inn ee Ae A $210,001 we $222,805 50 
TRANSPORTATION EXPENSES. 
Baggage-mastersy. chee ee aie cey . wget eee $5,569 12 $7,203 37 
Brakemyen <323°. Be ce Oe et Clete 0 pies eee ares 41,207 35 43,483 32 
Conductors 4. ‘kate - eo Se Co cas Eee 32,094 70 33,267 23 
Division Superintendents, Assistants and Clerks. 18,531 22 15,316 91 
Offices for and ex- 
: penses of. c.Neceen: 2,243 22 4,608 23 
Bs Stationery and print- 
BT LOT Liha pe semene 1,708 84 3,606 93 
Hoists—Repairstofiok ss; ton abe aoc case eRe 711 38 22 02 
Carried forward stein beter eens More $97,065 83 $107,508 01 





31 








MottvE Power EXPENSES. 


Pm amOMrs ANG -EIVOMOCN 6.) sce kee eee 
Engine- houses and Turn-tables. —Repairs and re- 
AL ER Si ine aa ea aa 


a OOD Sitival a fet ere yt 

Fuel Stations— Expenses Es! Ne A aa ae 2 
Repairs and renewals of ........ 

Locomotives—Inspecting and cleaning.......... 

. RORRIPR LOTSA sat oats 2% Gas alas & « 

ch ROR Pog. CNY ea les eh tte Wee od wre 

ee Stores for LR OR Ma eit a dynigihen. / fame 

Machine- shops—Fuel forseatiiive sy. +4 coeaea: 

Incidental expenses of ......... 

es Patterns and tools for.......... 

ef Power for 


STO MORWATSI te ac 5 cee ale a eicacle Sv eds se 





No. 9.— Continued. 
Operating Expenses, 1885-86. 
TRANSPORTATION Exprnses.— Continued. 

PPPOE GMOPWOTO oo5 o's dhe sles as shes ete ses $97,065 83 
Incidental train expenses ....................6: 4,041 53 
Landings and inclines ..................++.+06- 393 68 
Loss and Damage —Freight and baggage lost . 1,909 81 

Personal injuries............ 9,616 26 

- meytele Mead. wi i ers aes as 18,770 98 

“ MF EQORIN Gs 5 Ae ave caters ots os 4,096 08 
Litigation—Attorney’s fees ..................... 955 00 
“ PenGetlya Service... ce. ool kee weds ss 2,014 80 

a Toh ee Lees BIN. COBLS.. s.). sais k iw fete are a 2,006 93 

Lt EPERELOQROR ris w7abs ge ahs oy vas Ratti ees 781 09 
Stations —Agents, Assistants and Clerks at ...... 75,925 05 
Agents for baggage and handling at . 2,132 45 

ts Agents and Cashiers’ bonds for ....... 676 35 

a4 Furniture and fixtures for............ 3,808 07 

“¢ PEeesrOTIC Lip LSS LOS Fats cela ae «ci es 3,865 09 

ss Labor handling freight at ............ 22,755 55 

i: BeeGY (OX PETIEOS Obie O20 e aie nica + oss 3s 73 75 

rs Stationery and printing for........... 7,932 61 
Stations and Platforms—Repairs and rent of .... 7,393 61 
ration and depot grounds ...........6.0. scenes 1,626 51 
Peunatend tools for trains ys... 05... eee. 2,435 78 
Telegraph and telephone service and expenses .. 2,251 77 
Train Dispatchers and Telegraph Operators...... 16,224 30 
Transfers at Junctions—Expenses of............ 2,312 58 
Warehouses and Platforms—Repairs and rent of. 973 37 
Watchmen at stations and depots ............... 9,257 35 
Wharves and Docks—Repairs of ................ 1,241 05 
- Yard Dispatchers and Switchmen.......,....... 13, 606 87 
OS Ls Guan) a eee ay on $316,144 10 


$72,949 62 


3,051 66 
87,340 41 
3,685 51 
1,103 O01 
1,740 42 
14,637 48 
51,238 38 
11,645 35 
6,230 59 
13,449 38 
1,118 10 
6,924 67 
5,476 80 
4,012 30 


$284,603 68 





1886-87, 


$107,508 01 
4,122 68 
452 26 
11,796 83 
14,438 74 
19,923 34 
4,554 75 


19, 225 42 


$340,366 65 


$89,368 97 


1,293 94. 
89,267 15 
1,614 69 
6,039 89 
2.593 76 
12,581 53 
52,098 08 
6,245 49 
8,064 85 
10,209 02 

26 94 
8,120 57 
7,685 20 
3,141 98 


$298,352 06 








32 


No. 


9.—Continued. 








Operating Expenses. 





Motive Power Exprenses.— Continued. 


Brotight [Orward sia. act: eee sls eee 
Machine-shops—Repairs of ..,...............08. 
ar Repairs of machinery in........ 
af Stationery and printing for..... 
: Watchmen at), 0c oex\' Seeeee 
Switching Engines—Engineers and Firemen of . 
6 Fuel tors. ft G22) he 2k aes 
As Repairs Or. tity eevee eee 
4; DSUOKGH: TOE! \ sake, ce peer 
Water Supply—Cost of, and pumping........... 


Water Tanks and Fixtures—Repairs and re- 


newals of 


eoocee cv er oe ec eee eee eeeeees eee eeeee 


o‘e oe ws 2 we © 8 ele 6 9 6 © &) vise © 6 6 6)6 ew a 2216 bene 


Car EXPENSES. 


Car cleaning and inspecting.................... 
Car Service—Balance paid for 

er Record OL. ois pak eee eee eee 
Cars, Repairs of—Baggage 
Express 
Freight: 3% huis skies oe Lee 
Passenger 
a4 Postal 


te: *e le ts 2) 6.6 © @ Bets lw Be in 


oe eee ewe ee we rere weeeee re 


ee ey 


Service 


Ce ee eS 


oer eee ereeerse eee eee ee ene 


Car ‘Sheds—Repairs of. 2... 72545 2. oy eek eee 
Car ShopsForemen and Clerks in 
Pueltor heating) oy cise pe eee eee 
Incidental expenses of 
Power Tories. skies Weenies Mele cath ae 
Repairs of machinery in....:....... 
Repairs Of. 225) -Sc tre io) Leen eerie 
Stationery and printing for 
LOO TOTAGh awe panes kh ee 
Watchmen at 
Fuel for cars 
Light for-cara (00. ii mew be ate ale eee er eee 
Oil, grease and packing for cars 


eee eee eres es 


eeeree ees 


6¢ 


cece ees eee eee er sere vreoereesreeegeereeeenn 


ee rer eer eee seer eve 


oeecereer eee ee terse eee ee seeeeee ee eveeteas 





Roapway ExpEnsEs. 
Ballast—Excavating 


“é 


ewe eeereese eee ec ae eene re eeseaees 


Hauling and distributing 
Putting in 


seer eee ree e eee 


6é 


e670 19 © 1616, Ce rece 8 O.% (000s © ues Dd wae Soe ae eee 


Carried forward 


eoereee we ee re ZT eoeesee ener eaevoeved 


1885-86. 


1,286 46 


15,558 96 
5,733 95 


$336,406 67 


$13,795 30 
55,319 49 
3,490 30 
3,926 27 
1,848 49 
45,282 11 
12,139 37 
2 50 

779 27 
1,971 74 
1,574 42 
153 58 
4,007 79 
24 27 
2,034 30 
1,543 52 
194 15 
547 33 
185 52 
1,135 54 
1,462 00 
543. 74 
879 77 
8,489 50 


$161,330 27 


a 





$4,283 59 
4,352 16 
3,866 85 


$12,502 60 








1886-87. 


$298,352 06 
2,883 09 
1,295 85 

949 27 
3,173 85 
13,602 92 
5,618 11 
2,475 34 

571 99 
16,438 10 


6,976 06 


$352,336 64 





$16,556 84 
31,462 94 
4,818 25 
5,238 01 
1,842 60 
67,945 46 
11,310 36 
6 75 

667 60 
3,459 53 
3,793 63 
75 93 
3,924 62 
- 400 
2,252 04 
1,306 62 
370 32 
1,476 81 
141 98 
1,256 28 
1,259 41 
637-85 
691 11 
7,573 07. 


$168,072 O1 


~ 


$944 88 
1,590 80 
4,778 55 


$7,314 23 


33 


No. 9.—Continued. 




















Operating Expenses. 1885-86. 1886-87. 
Roapway Exprnsss.— Continued. 

Pr EOL WATC foe, ie ci cele cme Re oes inlec ots $12,502 60 $7,314 23 
IN TIRER Sa se a Se eg Sein ass wet 30,313 67 9,514 68 
Cross- ties—Cost rot dle SP Geet hs |, SO 72,447 55 60,198 87 
a Hauling and distributing ..... ak oe ae 6,125 82 5,803 19 
- Habor putting in... .0. ee. ec e. 16,665 90 12,663 04 
SIMMER MEN el hy aie kok Oe oS slew Ae Beds Lense 645 47 730 00 
Cars—Crank, lever and pole........ ........... 1,617 68 3,307 27 
Seeraccnine and ballast... cs csc. wee eee wie) 1,782 98 831 46 
REN en MS near eal as Oo Sas aid ward seo tae sos 1,120 90 1,669 24 
Ee ere STG gcd eis. vin'e s2'sais be estes. = 2s 1110 17 617 81 
Merten Bt BWILCDGS (2... sc es eee ik ee ale oe 10,542 31 11,358 09 
Joints and euaiios Petey Mat eter RS re LESS 5,975 O07 3,958 43 
PeeaIme— FLONLOWSIS OL... oo. eee ck vce en ce Fae. 80,182 35 37,019 98 
Repairs of Track—Distributing rails............ 2,340 72 2,425 28 
Incidental expenses of..... : 3,412 78 1,236 59 
ss Pereehit py Al PAIL Y os. ae) ocak 6,519 09 4,216 20 
« Spiking track £7403 %4% yi:8. 991 15 1,123 40 
Ui SSouring jointa 260. 0... 4,174 39 10,177 14 
Road- bed Labor—Clearing right of way......... 8,158 05 6,440 96 
Ditching and draining........ 15,605 95 12,102 30 
‘ Fa RAN et 31,731 08 29,448 84 
Road bridges and crossings .................... 1,466 00 1,583 39 
Road Engines—Engineers and Firemen for...... 15,532 05 17,389 20 
2 UM SS er tS ee fe ae een 7,037 19 7,702 82 
e6 PCURITE OLM ON ne ote 4,793 40 10,779 69 
+ MEOtes tOD eT abe: tN we 3-3 746 13 685 82 
Road and bridge watchmen and track-walking. .. 2,374 90 1,207 21 

Salaries of Conductors, Supervisors and Section 
UME ear fe err RT ne ak test cn 43,721 20 45,043 90 
Salaries of Road-masters, Assistants and Clerks. . 7,313 35 9,036 94 
Section Houses—Repairs and rent of ........... 4,087 77 2,001 44 
Re eS ee ya ew ele ws 4,544 90 4,622 30 
Steam shovels, pile-drivers, etc................. 3,787 O01 4,718 04 
Stationery and printing for road department .... 591 50 668 35 
Tools for Road-bed—Repairs and renewal of .... 1,326 24 1,563 79 
Track Tools—Repairs and renewals of........... 1,798 72 3,422 33 
MRR RE SIT ees. ise ss a ek aed Celene vs 18,614 74 51,667 91 
ORAL ry at alas 4 Be FOE ee ose Beas $431,701 78 $384,300 13 





Total operating expenses................. $1,455,584 05 | $1,467,880 93 





~< 








34 


No. 10. 


Gross EXPENSES IN DETAIL OF THE ST. LOUIS AND CAIRO 
RAILROAD FOR THE YEAR ENDING JUNE 30, 1887. 


Road operated for only five months 1885-86, hence no comparison 


can be made. 
OPERATING EXPENSES, 1886-87. 


GENERAL EXPENSES. 


Advertising-—General ¢ 006.05 jciks ssa gees » Gee ek ate als eee $112 47 
General Ofticers—Salaries and expenses of............... err 12,101 58 
General Offices—Attendants An os. Se oe eae es eee 386 40 
3 Olerks 10 500s Sinin ses bee sae re ee one 7,831 97 
is Fuel and lights for...... Phases ‘Deze Mie Sine be 323 73 
se Furniture for . .a':. sais say be ani ee 613 19 
ss Incidental ‘expenses Of. (ast aes ene ene - 0 ky ee 
di Repairs and! rent; of. )..5 see eee 1,063 15 
Insurance—On car-shops and sheds. ...,-..... ssc. ewawceceyess > } 
4 On. generalofices |). 3se. 1. hws eae Sr ee | 
ny On goods in) warehouse «3 \n. cems abies eee 
fy On Bab as Itt 4TADKIE is 5-03 sila a's oR so ere ee Leas 
Ss On machine-shops and engine-houses................. | 
jhe On other buildings and structures.................... J 
Legal Department— Incidental expenses! of) 7v. . a. sees ee eee 813 67 
Law books f6r..2..0. 78 Yiu iiss bees OF _ 606 59 
ns Salaries and expenses of... 10.125) aon eee 3,877 02 
Supply Department—Salaries and expenses of..................... 2,003 28 
Stationery and pe a aos general Of1C6S: > J. 1 225 ss% sate en 1,028 63 
For legal department, ..). 2/22. sss eee 73 36 
i For supply departments. 6... ioc eee 143 91 
Taxes=County satact Soi Wiha ahs Meets Oe Ont seen hee eee we eee 
q Municipals «sje ssi b fea eer Ws tener dis erates eon ree 13,372 52 
E* States. UU Wye fi esse Cuenta ate wie ee inn cin ei fe eel ete es nr 
Traffic Department—Advertising for. op Sk, il hoe ge 1,371 54 
Drawback and allowance ..... iby a eee a ee 11 98 
fF) Foreign agencies .\....):4).4<s-c6 kan. oa 5,017 23 
i Office rent and furniture for... .2:%... - 0.5 eee 1,131 06 
2 Postage ‘and express Tots 3.4... ato eee Ae 135 35 
of Salaries and expenses Of, 3........5 ss feu eee 6,903 46 
3 Stationery and printing for. ..............0... 2,385 21 
Total 2. inch soe oc bare edo prapatbiohels Mee hes 2 Cuts Lae ae a er $64,099 81 
TRANSPORTATION EXPENSES 
Baggage-masters .2. 3). saeis c's’. c aise wre + 3 gislal steelers be ae sas Unie al eee co $1,922 53 
Brakémen v.05 cso ob + 8 bee bn e bieee wo whee Ries oe ee aah eae 12,798 19 
Oondtctors.'.. eae sea eS eas 0 oe ee alates SAUe eae a eee 11,273 22 
Division Superintendents, Assistants and Olerks ..% .-<).. <2; 44 eee 7,607 67 
Offices for, and expenses of............. 2,526 12 
M Stationery and printing for-,. <..2. essen. 1,121 73 


-———- 


Oarried forwatd.i7. wwe ess see Cab CEE SENS ii ieee $37,249 46 


BI) 


No. 10.—Continued. 


TRANSPORTATION ExpEenses.— Continued. 


Brought forward 
RNNRDOLIM ED (EE Se a ae oly i enegee et PRIA Se Be 
Incidental train expenses 
Bemetinarand: indlines’.. so. ss cakes» ess CEES fa Be MR dey Ae 
Loss and Damage—Freight and baggage lost 

a Personal injuries 
< Stock killed 
A Wrecking 
Litigation—Attorney’s fees 


ee eee sertr eee ees estes tr ee eee e sere enon eee 


eee eee eee ee ees e eee ee eee er eet eee se eee eeene 


ee 
Ce 
Wig 6 0. -e) es, & Ae Poe oe ©) 6) Few Oe a qtlc lel @ ‘=v ves & 6 0 «4 
Se 


Tee 6 ee eRe Ow 016 © 6 2! 16) a Sele (ee ote Fe oe ot oe 6 ce Oe 


th PEP GR EY ORB EWIGE. uy yee oe) ao tee oe Sue ca ee ee Sal's 
us Sree mee aN CODEER oy v4 oy wth ee a co, oad ie aoe 
a Witnesses 


eee eer eeceer eee eee ew eee eee se eee e ese eee ee ee eee eee 


Stations—Agents, Assistants and Clerks at.....................0- 
- Agents for baggage and handling at....... 
= Agents and Cashiers’ bonds for 
Furniture and Fixtures for 
Se em Ut eae te IO yao oes who's a kee ot Satioo es he eed 
4 Labor handling freight at 
ck PANU IORTIGIIBOR EG Sar ees), ee. sa sca mo arsine ces sien 
em Mery aU printing £08 116. ine Sse se fuse pe oa ce 
Stations and Platforms—Repairs and rent of 
Station and depot grounds ............. 
Rpmertee tr POOIG TOL UIRINS. | os acces ce screenees cre osseous 
Telegraph and telephone service and expenses..........-........5- 
Train Dispatchers and Telegraph Operators...................+-+5 
Transfers at Junctions—Expenses of...........2.00- eee eee eee ees 
Warehouses and Platforms—Repairs and rent of.................-- 
Watchmen at stations and depots ................-- 
Wharves and Dock—Repairs of 


Si. alm ee. & 6b 6, 0.8 @ 6a 8 & & « ‘0! 0) 8 & © Bye) 6.8 6 ae 16 


oe elek ww. eo | 6 rie Ole a 'b, .o.%e yee; wl 6h'0, 8 


8 97 





Yard dispatchers and switchmen..... 3) of) SOE 9,0 a be en 8,427 91 
emer ny oer RT PERS ree ee ed eee ees $102,713 76 


MorttvE Power EXPENSES. 


Pier toere MUG HITOMEN) 28 se ie eb Abe eae aah te Re, 
Engine-houses and turn-tables—Repairs and renewals of........... 
momen tor HOcomotives-—Coal i 2 ek ala eee les ah yee ates eee ws 
_ CUO cory, cure RANMA CAAA RIN Rs athin iotlate oe 
MaprebatsOUS—- Expenses Of. 4 235.05. ioe ales owes es live cee ope ess 
es PDIP era Gy, FOUGWAIB. Oli eis és. 5.0 Sao hey) sels Shee wee 
Locomotives—Inspecting and cleaning.................0 0. cee eee 
$ RUMEN Ober 6S re kh ee ae "5 Pade or Oe eR aes 

ae UNEP BS a rise ORES ees a nace ne olde ke Uy ardereie 

¢s SEL Oe Bae es a Ce ena Ire eg PRES Ib area 
Master Mechanics, Assistants and Clerks..................... gon 
Machine Shops—Fuel for heating ..... 0.02... - etc eee ence eee 
- dnciiental expenses Of wits. ii. 4. AS, eels Seas 

. PAGLOINE GNC) L00IS LON sass ss so) aca erate cone boa 

Total carried forward................ PA Ler pete Weis wert 


$29,045 66 
897 05 

- 16,497 00 
184 99 
722 73 

51 85 
8,596 81 
12,035 62 
266. 75 
1,641 19 
9.144 33 
955 06 
1,956 72 


$74,995 75 


36 


No. 10.—Continued. 


MoriveE Power Expensses.— Continued. 


Brought forward — 45:5. ... sees. + cu ee Cen 


Machine Shops—Power for. :..........000c cece POPPER 


Water Supply—Cost of, and pumping 


ine § 


€¢ 


Repairs Of 2. Sugita > oe 0 wie eens se ve ne 
Repairs of machinery in......... Jia «sa on 


Stationery and ‘printing for)... >... ene 
Watchmen athona... . 2.30 aus ean) Deen ern 
Switching Engines—Engineers and Firemen of 
Viel for Acs 1 aise eee eee PE Re, 
Wepairs Of, os. so sage Saeele s ok arene they er 


Stores for 


ewecereerecwneeeewne eee eee ee eee ee een eee 


Water Tanks and Fixtures—Kepairs and renewals of............... 


eceereoer.ereeoeoeeeereer ee soe eeeesesee sve eee ee ee ee we www sree eee 


Car cleaning and inspecting. oysy ice .2s eee peoee ee 
Car Service—Balance-paid fore. . 25)... gee sie cree ee 


ce 


Record of. 


Cars, Repairs of—Baggoge....:2++-. ++ ueuh tn n/t ects a 


PassOn ger 2.0.5 de ~ soe a ee a - 
Postal 


0.0: 2 6 @ 8 Owe 8 © Be = Be He 06 Tew 8) Se 2,8) Sus ole see en ee 


SArviee one we st se WE eR AE Tole 


Gar furniture and fixtures;« 5% UL... 00. Seuss. so ok ees oe 
Car Sheds,' Repairs of 295550 Va wav «sick ee pees eee Reta eee 
Car Shops—Foremen and Clerks in. . sc). ck o> slekse Oe 


Fuel for heating s.5 oti ware sec eee a ash WS ae 
Incidental expensés Of Voi... 0 fete oi. ss apy seen 
POWGL JOP Oo 5 cic tle o's opt Ses viper ss Site ee a ae 

Repairs of machinery ins ...%'... 3.4» 25 = en 
Repairs0f%, 3.205515 0. ges Chia ee ss en 
Stationery and printing for 
Tools for salsa ss ake s Heh ote sc pike gate wile ohne ee 


2 oe 6 60 6 Hee 6 ee 6 eye o @ 1s > sl eles ane 


Fel for cars. oc vane bes ade sale oh mentee Stat tte, ern 
Kipht for cars (iy. Aigisece oc Gok: . sk ee oe hs 
Oil, grease'and packing for cars. . «2... Sea. 0: seen vee 


Ballast—Excavating 


ce 


ce 


Total: eck fee SEA OR Fcc SP sere 


Roapway EXpeEnsEs. 


Cl 


Hanling and distributing ><. v. chi west teases bes os eee 
Putting in 2 Tash: «,. Seo ean ©: Sart) cs eo 


Carried forward 


soeerer evn eer eer eee see see eeer ere seeveeesseeeerereres eee 


3 0°0 ©. © © 0. 8 6 00 2 60 2 © Bie) s) a 


© ©0068 6m 6 8 6 6 © 6/6 © 0s se «8 @ seule le @ 


$74,995 75 
1,273 04 
41 38 
88 71 
427 31 
452 25 
4,186 03 
1,748 64 
1,122 79 
216 22 
4,966 17 
2,611 46 


$92,129 75 





$3,348 65 
8,292 70 
1,128 48 
44 51 
175 25 
20,515 59 
3,292 19 
28 10 
112 20 
168 03 
45 58 


800 77 
146 54 
"84 47 
34 79 
133 99 
109 90 
1,612 57 


$40,074 31 








$269 64 


37 


No. 10.—Continued. 


Roapway Expenses. — Contiuued. 





SSPE DOL MATOS OM A Cs IM: sais aisha oe ote 8 Oa en tO $269 64 
TE ct Ae cs Say atts «peace rice oh ses CANAL eh > 461 92 
OC TES a CAE 2a AP ee oe a ae 
ee EParEiigy ane IBGE UtI thes a on! ae aha ne wll aks 3 00 
hy LCDS COT IT Ot A A 0 panepepghiare Ca ear dbe tr manta ae 
Sos, Sala a RES Ro: See One ee eee Sn 347 76 
Seeemretiee reverand Pole. eo... 5) faves dws eos Sia el Sed alee ees ue 116 04 
5 Ditching EMME LIMALAM UEP es tein dF gE 2c Gace tir '§ Ne ods ae dead 6 wae 
GE Pay BOG ont OLR Peek pd Aa eR | Re ae a 92 55 
IRIE cee ts lob as oo eck es Cw es Ree ee ettas wa | ANS es 793 51 
NNER ROM IN CD Sms Der 5 GT NE ile «edt w sls olen wo tke geld 604 27 
SPEMMEERGIICO PHSLENINGS | CS oe kee ee dee ede c neces SA ache wane 
PEEME TRIN QEG tre, te kh she ae pees is ee oe etek ee Bes 303 56 
Repairs of Ateoe-Wistributing Tails o0. 2 uns ow Ses de. Ole s Sey 15 50 
Incidental expenses of... ................ gesagt 1,054 34 
re Cae hs Fre CAE ys Eo SR ge Potiage ae: Bes Rearaiemayiaers t RS: D8) 122 44 
us STEUEA ALS oN ei del ie iinet ee Aa AG ee ea 342 50 
- See OI tay eee ets see. es ah Shs emp 1,056 95 
Road-bed Labor—Clearing right of way................0 ccc eee 1,753 64 
“ BQO UA AN CE POSTAL: 25 2) Sea ah atehates pindous 1,355 45 
uf SCL V3 ies Shak) ae. Ress erie, CRE oe 7,323 44 
MME ANN, CTORSINOS Sadia ede cc oe oe eek ava slew s Sues 224 43 
Road Engines—Engineers and Firemen for........................ rere 
. TE code Soe OR, peta dpkg RAC ARS ee Pen Le Te 315 00 
-s ERLE OK 2 reaeter ei acme hotest sy as Pe Adee acs Wns choad, ore 
gi: SNOT MTTOT. . chtah < atatis sak Soi o $a) toes Eat avtrl Pigs ates eens 
Road and bridge watchmen and track-walking .................... 2,025 56 
Salaries of Conductors, Supervisors and Section Masters........... 4,859 29 
Salaries of Road-masters, Assistants and Clerks.................... 1,965 00 
Section Houses—Repairs and rent of..................2 000005 ee 12 35 
IS ae oy: «Maio ds wee Gary eee ob GoM ie ails lac lun Sees sheet 
Steam shovels, pile- EREVOLR CUO ee) SON ee Go AIRY. Baka es 191 77 
Stationery and printing for road department...................... 190 29 
Tools for Road-bed—Repairs and renewal of...................... 612 10 
Track lools—Repairs and renewals Of ..........0c.ccb ccc eceeesens 356 79 
NL MECMNG eens Seng. ofS. bel ale eka gti if ee dine cn gee bed odes aie sents 
ME EMME SM shee yt! o%a ahs Chives n'y oS es CAL Fa «Rae's 3 $26,769 08 


DeMEMEMOCHEAIE HUXDCNSCR co's asc arecida oa fore cA: Kale ag es $325,786 71 





38 





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STATEMENT SHOWING THE PREPONDERANCE OF FREIGHT IN 


ONE DIRECTION OF THE ST. LOUIS AND CAIRO RAILROAD 


FOR EACH MONTH OF THE YEAR 1886-87. 


1886-87, 


September .. 

October... )>. 
November ... 
December.... 
January 


eeee- 


February .... 











Least VOLUME. 





GREATEST VOLUME. 


Direction.|Mile Tons.|Direction.|Mile Tons. 








294,003 | North. 


330,245 
248,906 
216,614 
493,713 
990,793 
1,014,263 
927,736 
747,126 
865,064 
1,204,081 





1,211,439 | 





| 
| 
| 
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| 


8,543,983 








| 
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| 


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Excess oF TonnaGE 





OnE Way. 
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393,417} 106,803 
807,222 « 313,509 
1,133,236] 142,443 
1,338,521| South. 324,258 
1,298,549; «: 370,813 
1,027,541] North. 980,415 
1,120,343] «: 255,279 
1,478,663} South. 274,582 
1,615,864] « 404,425 
11,468,892 2,924,909 














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81 ‘ON 


47 
No. 19. 
LAND DEPARTMENT OF THE MOBILE AND OHIO RAILROAD 
COMPANY. : 
T. M. R. Taucott & EK. L. RusseEtt, 


_ Attorneys and Agents of 
The Farmers’ Loan and Trust Company, Trustees. 











Lanps, ARABLE AND TIMBER. 





ATES ie wicishc ga. sins ose, 461,351.94 acres. 
DRISBIBGI TDI. fies pie ces oa, 538 462. 22 
Bete VAL te. Wein he 3S os 2, 258.50 — << 
PEO UAL attacks vis sccheis .1,002,072.66 Value, $480,971 20 
‘Town Lots, ETC. | 
PIER eT Cer atte Ne Bs, 5 viarels oid! acp ie dia es snare es $9,973 26 
PGE Re ITSO U of Gress «Sass Caress n'e we 6 Perey re 19,011 73 


—_-—_— 28,984 99 


——$<$_. —___ 





$509,956 19 








STATEMENT FOR THE YEAR ENDING JUNE 30, 1887. 














Dr. 
ME MTAPAMCO AUN AU LSOO cos ire uk tual eb arcs cuedes ce cniameut $7,162 73 
SUMRIIRRT ROC (iL) TOIT) cs fe Poe le Sie es 68 bcs lslecc ss de Cee wade aie 40,037 21 
III 001) Gere Bre rer ie OG Se el oa dalek wank dw ones diovel ye d dow cee 32,500 .74 
GLI Son SO ay a Pm? Nl ar 1,668 05 
ioitenuon trom dand rents, 1886-87 «2... cee dee eens 6,436 45 
* Collection from timber sales, trespasses, royalty, etc............ 36,700 71 
PRIUOPORG hots edness cases A yd EAC Oe, os EE ae OES. Peer pe 7s y aye 
$127,243 09 
Cr. 

First Preferred Debentures purchased account Sinking Fund 
PRI ear lyre eh ge ao a) ial fe ee. dta oie + 4 ote Gea Ss 5 4 he ae $43,921 25 

Mxpenses Land Office, Mobile..../...........056.. $1,250 50 

Expenses Alabama Land and Development Company 27,466 16 

Taxes on donated lands, town lots, etc............. 10, 691 59 
—— 39,408 25 
MCRME TR RCOUCOLOG ols ck os sirs <3 8 heute Sale ea dee e's eM Bes, 3,136 86 

Balance on hand— 

RPRCCITIEECUN Suri et eu. cla ere othe. cote elk < eay $39,155 90 

ERE ener MEME eA, sth Pee « CAV AS ocd ws 2 1,620 83 
a $40,776 73 





——— 


$127,243 09 





SINKING FUND. 


First Preferred Income and Sinking Fund Debentures, State- 
Fe JOBS NDA Rohs Gl a 0 be oe i) ea Pn $182,000 00 
Do. purchased during 1886-87 ................. 70,000 00 





$552,000 00 











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