| To the Comptroller of Public Accounts of
the State of Texas |
| |
|
The Following is the Second Annual Report of the
Operations of the Eastern Texas Railroad Company for the year ending
May 31, 1865
|
| There having been no Report
made since the 17th day of June AD 1861. |
| 1st |
The Capital Stock as provided for in the Charter
is $7,500,000, and the amount actually subscribed is $307,000
in upon which there has been paid $50,000 |
| 2nd |
Nothing has been expended for the purchase of
land for the Construction of the Road
| The amt expended for Depot ???
heretofore |
$ 5,000.00 |
|
"
" 2
Engines
"
" |
20,500.00 |
|
"
"
Cars
"
" |
19,500.00 |
| Stated in former Report |
$ 45,000.00 |
|
| 3rd |
Indebtedness
| For 2500 Tons Iron Rails delivered @ 60$ |
$150,000.00 |
| Bills payable besides interest |
75,042.34 |
| Warrants
"
" |
58,801.35 |
| Balance due on old Grade |
5,000.00 |
| 1 & 5 Year Bonds for purchase of
Mules, Wagons, labor &c |
37,855.50 |
| Freight & Insurance |
3,500.00 |
| Sundry Bills not yet presented estimated
at |
12,000.00 |
| Total Indebtedness |
$342,199.19 |
| The amt. due on unpaid Installments of
Stock is |
$72,968.00 |
|
| 4th, 5th |
The Road has not yet been opened for business
& nothing has been received in transportation account |
| 6th |
Nothing has been paid in account of repairs,
Cars & buildings. On account of Engines for Freight &
Insurance there has been paid (heretofore
Reported) $2,000.00 and on account of
Salaries 6,000.00 |
| 7th |
No dividends have yet been made |
| 8th |
There was one Temporary Engine House, no shops,
2 locomotive Engines, 10 freight cars and the trucks and iron
works for 25 more freight cars. The Depot Building at Sabine
Pass and Engine House, the Bridge across Mud & Saylers
Bayou were destroyed by U States Military Authorities during
the late Rebellion. The Locomotives Rolling Stock & Road
were taken possession of and held by the Military Authorities
of the late so called Confederate States |
| 9th |
The number of miles run by Construction train --
none |
| 10th |
The number of men now employed on the Road --
none |
| 11th |
No person has been injured in life or limb |
| 12th |
No accidents have happened |
| 13th |
Of 400 sections of land ??? received from the
State 203 sections have been sold by the Company to pay debts
incurred in the construction of the Road. The balance 197
sections are yet unlocated of which 80 sections are held on
public land in the County of Angelina. Up to the 7th day of
June 1861 26 1/2 consecutive miles of said Road had been
completed & additional 25 miles graded ready for the cross
ties & the superstructure, ??? which time the operations
of the Company were checked on account of the late war between
the US and the so called C States. The latter having taken
possession of the Road and Rolling Stock. |
|
| I the undersigned James R.
Arnold President of the Eastern Texas Railroad Company (there being no
Superintendent & the Treasurer being absent) do hereby certify
that the foregoing Report is true and correct. |
| James R. Arnold |
| Prest. E. T. RR Co. |
| |
| Sworn to subscribed before me this 12th day
of January AD 1866. |
| James G. Hunter |
| Clerk County Court |
| Nacogdoches County |
|