| Annual Report of the Louisville &
Nashville RR |
| as of July 1, 1861, |
| Superintendent's Report |
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| Superintendent's Report |
| Office of Superintendent of Transportation |
| September 5, 1861 |
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| Hon. James Gutherie |
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President
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Sir,
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I herewith submit tables and schedules exhibiting the
transportation business of your road and branches, for the ten months
ending June 30, 1861.
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Table A shows the earnings of the road from all sources.
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Table B shows in detail the expenditures in conducting
transportation.
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Table C is a schedule exhibiting the revenue arising from
transportation of freights, showing the revenue from freight forwarded
and freight received at each station on the main line and branches.
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Table D is a detailed statement, in tabular form, of the
number of passengers carried to and from each station northward and
southward; the number of through and local passengers northward and
southward; the mileage of passengers; the average number of miles
traveled by each passenger; the revenue per passenger; the revenue per
passenger per mile; the cost of transportation per passenger, and the
cost of transportation per passenger per mile.
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Table E is a tabular statement of the mileage of revenue
trains of all classes on the road and branches.
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The entire revenue derived from the road for ten months,
from September 1, 1860, to June 30, 1861, has been
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| From Passenger Transportation |
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| Main Stem |
$295,254.53 |
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| Lebanon Branch |
17,570.23 |
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| Memphis Branch |
23,013.76 |
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| Total earnings from Passengers |
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$335,838.52 |
| From Freight transportation |
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| Main Stem |
$401,547.39 |
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| Lebanon Branch |
16,697.80 |
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| Memphis Branch |
10,788.67 |
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| Total Freight earnings |
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$429,033.86 |
| From Mail Service |
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| Main Stem |
$16,125.00 |
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| Lebanon Branch |
2,812.50 |
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| Memphis Branch |
1,970.91 |
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| Total earnings from Mail Service, 9 months |
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$20,908.41 |
| From Express Company |
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| Main Stem |
$18,597.73 |
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| Lebanon Branch |
2,784.65 |
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| Total earnings from Express transportation |
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$21,382.38 |
| From Rent, &c. |
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| Main Stem |
$754.25 |
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| Lebanon Branch |
17.25 |
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| Total from Rent &c. |
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$771.50 |
| Total revenue from all sources |
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$807,934.67 |
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| There have been
expended in operating and maintaining the Company's prooperty,
the following amounts, distributed to cost of transportation
of passengers and freights |
| For conducting Transportation |
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| Passenger Department |
$34,947.96 |
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| Freight Department |
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$69,503.16 |
| Maintenance of way |
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| Passenger Department |
52,150.27 |
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| Freight Department |
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39,753.04 |
| Maintenance of Buildings |
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| Passenger Department |
1,961.51 |
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| Freight Department |
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1,495.18 |
| Maintenance of Machinery |
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| Passenger Department |
21,241.62 |
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| Freight Department |
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26,894.85 |
| Maintenance of Motive Power |
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| Passenger Department |
37,929.21 |
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| Freight Department |
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48,210.29 |
| General Expenses |
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| Passenger Department |
5,938.58 |
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| Freight Department |
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5,938.58 |
| Total charged to Passenger Transportation |
$154,169.15 |
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| Total charged to Freight Transportation |
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$191,795.10 |
| Total Expenditures |
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345,964.25 |
| From Gross earnings |
807,934.67 |
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| Deduct Gross Expenditures |
345,964.25 |
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| Net earnings |
$461,970.42 |
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The net revenue is 57 18/100 per cent. of the gross
earnings, 42 82/100 per cent. having been absorbed in expenses.
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By the following analysis of Tables A, B, and E, is shown
the earnings and expenses as distributed pro rata to the number
of miles of road for freight and passengers, and also, to the mileage
of trains of various classes:
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Revenue per Mile of Road
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Total Earnings |
Earn'gs per mile |
| Main Stem, 185 Miles -- Passenger |
$329,977.26 |
$1,783.66 |
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Freight |
401,547.39 |
2,170.53 |
| Total |
731,524.65 |
3,954.19 |
| Lebanon Branch, 37 Miles -- Passenger |
23,167.38 |
626.15 |
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Freight |
16,697.80 |
451.29 |
| Total |
39,865.18 |
1,077.44 |
| Memphis Branch, 46 Miles -- Passenger |
24,984.67 |
543.14 |
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Freight |
10,788.67 |
234.54 |
| Total |
35,773.34 |
777.68 |
| Main Stem and Branches, 268 Miles -- Total
Freight and Passenger |
807,163.17 |
3,011.49 |
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Revenue per Mile Run by Trains
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Miles Run |
Total Earnings |
Earnings per Mile |
| Main Stem -- Passenger |
229,818 |
$329,977.26 |
$1.43 5/10 |
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" Freight |
163,191 |
401,547.39 |
2.46 6/10 |
| Total |
393,009 |
731,524.65 |
Av'ge 1.86 1/10 |
| Lebanon Branch -- Passenger |
19,120 |
23,167.38 |
1.21 2/10 |
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" Freight |
19,531 |
16,697.80 |
.85 4/10 |
| Total |
38,651 |
39,865.18 |
Av'ge 1.63 1/10 |
| Memphis Branch -- Passenger |
27,662 |
24,984.67 |
.90 3/10 |
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Freight |
19,392 |
10,788.67 |
.55 6/10 |
| Total |
47,054 |
35,773.34 |
Av'ge .76 |
| Main Stem and Branches -- Total Freight and
Passenger |
478,714 |
807,163.17 |
Av;ge 1.68 6/10 |
| Expenses per Mile
Run by Trains |
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Miles Rub |
Total Expenses |
Ex. per Mile run |
| Passenger |
276,600 |
$154,169.15 |
$.55 7/10 |
| Freight |
202,114 |
191,795.10 |
.94 4/10 |
| Total |
478,714 |
$345,964.25 |
Average .70 7/10 |
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During the ten months, the business of which is exhibited
by these tables, the sources of revenue have been so different from
those of the previous year, and from what may be expected in future
years, that the table of classified articles carried has not been
prepared, under the belief that such table would be of little value
for comparison. Instead, a table, E, embracing the business for eight
months from November 1, 1860, to June 30, 1861, is submitted, showing
the revenue from freights forwarded and received at each station on
the main line and branches.
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By an analysis of this table, it will be observed that
the principal part of the revenue has been from freights transported
southward. Thus, of the business at Louisville station for the period
named, there was derived
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| From Freights forwarded Southward |
$252,190.71 |
| From Freights received |
51,713.73 |
| Excess of Freight forwarded |
$200,476.98 |
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The freights forwarded being 83 per cent. of the whole
amount, while freights received were but 17 per cent.
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The business of Nashville station exhibits the same
difference. Thus the revenue from freight business at that station,
was as follows:
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| For Freights received |
$201,245.40 |
| For Freights forwarded |
14,343.43 |
| Excess of Freights received |
$186,901.97 |
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The revenue from freights forwarded being only 6 6/10 per
cent., while that for freights received was 93 4/10 per cent. of the
whole amount of revenue from the station.
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Of the through business proper, between Louisville and
Nashville, 95 per cent. of the revenue was from freights received at
Nashville, and only 5 per cent. from that forwarded or originating at
Nashville. Hence, of every one hundred cars loaded at Louisville for
Nashville, ninety-five were returned empty: that is, the Company
performed 95 per cent. of the train service northward for through
business, or 47 1/2 per cent. of the whole, without any compensation.
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The business of local stations shows also that at many
stations the revenue from freights received is in excess of that from
freights forwarded; whereas in years of average crop, the revenue from
transporting the produce of the country would be many times that
arising from transporting merchandise and other articles for
consumption. This has arisen from the failures of crop in 1860 on the
line of the road, and in the States South, which received their
supplies over the road. There was not only no surplus to send to
market, but large quantities of flour and provisions were sent from
Louisville, to supply the want of these articles.
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***** |
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