| Annual Report of the Pensacola &
Georgia RR |
| as of April 1, 1865, |
| President's Report |
| |
| President's Report |
| |
| Tenth Annual Report of the President and
Directors of the Pensacola & Georgia Railroad Company to the
Stockholders |
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|
Tallahassee, May 1, 1865
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| The Superintendent's Report {not
printed} exhibits the gross earnings |
| for the fiscal year to have been |
$875,639.17 |
| and expenses |
406,862.12 |
| Net earnings |
$468,777.02 |
|
| Subject to a deduction for amount expended on
construction acc't of |
$34,867.07 |
|
| and amounts due for interest due on Tallahassee R.
R. Bonds |
18,413.00 |
$53,280.07 |
| Net surplus on hand in cash and accounts |
|
$415,497.95 |
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|
By comparing results obtained with those of the preceding
year, it appears that the increase of gross earnings are $379,291.50;
of net earnings, $206,669.49; of expenses, $172,622.01. While the
receipts show a large increase over those of preceding years, the
expenses also have largely increased, owing to the constant increasing
prices of labor, Railroad supplies and material.
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The report of the Land Agent, hereto annexed {not
transcribed}, states that he has sold of the company's land,
deeded to Trustees, 2,100 acres, at an average price of four dollars
and seventeen cts. per acre. Tables A and B, appended to his report,
exhibit the funds of the company received by him and how they have
been appropriated.
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The statement of Messrs. McGehee and Bailey, Trustees of
the Land Fund, hereto appended {not transcribed},
shows the receipts since last report are $14,199.32, and the fund has
in hand the sum of $109,566.77 in certificates, cash and Railroad
Stock.
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Respectfully submitted,
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E. Houstoun
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President
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