| From the Macon (Ga.) Telegraph |
| |
| May 5, 1863 |
| |
| Charleston & Savannah Railroad |
| We take great pleasure, says
the Charleston Mercury, in noticing the present prosperous condition
of the Charleston & Savannah Railroad, which has so materially
added to our military strength upon the seaboard. The company will
pay, on and after this day, all the interest due upon their coupons,
out of the earnings of the road, and will still retain a surplus fund
of $100,000 to provide against all contingencies. This surplus fund,
remaining in the company's hands is an amount more than sufficient to
pay one year's interest on the entire bonded debt of the road. Besides
this, the monthly income of the road averages fully $60,000, fifty per
cent of which is net. The prospects of the company, as shown by this
statement, are such as must be eminently gratifying to the
stockholders. |
| Sav. Rep. {Savannah
Republican} |
|