A History of Transportation in the Eastern Cotton Belt to 1860

A History of Transportation in the Eastern Cotton Belt to 1860

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ... company by the shareholders in these cities, it seems, were largely responsible for the hastening of the road to completion in 1843-1845. The state of the company's affairs just before it undertook the extension to Atlanta is shown by a report of the company to the governor of Georgia, dated April 3, 1842.2 The following are selected items. Resources: the road and its outfit, $2,314,768; real estate for the road, $47,128; y banking house and lot, $32,184; negroes, $48,925; stocks in other institutions, $21,981; bonds of the city of Augusta, J $20,000; discounted notes, $262,391; bills receivable, L$133,157; coin, $37,759. Liabilities: total, $2,311,628; profit and loss, $110,709; deposits on interest, $221,632; individual deposits, $28,585; deposits on long time, $209,000; bank-notes and railroad receipts in circulation, $120,031. The list of stockholders included very numerous individuals, and a considerable number of corporations, some of which are worthy of note in passing: the Bank of Augusta held 2282J shares, the city council of Augusta 1144, the inferior court of Morgan County 52, the trustees of Mercer University 63-, and the trustees of Emory College 57 and 42 more for the endowment of a chair. Several business partnerships also held shares. The stock had, thus, clearly come to be esteemed a secure investment. 1 Federal Union (Milledgeville, Ga.), August 1, 1843, quoting an editorial from the Charleston Mercury. 2 Federal Union, April 25, 1842. The dividend policy from 1840 to 1846 was irregular.1 In 1841 no dividends were declared; in April, 1842, one of 10 per cent was paid; but the following years until after the end of 1845 were entirely without dividends. Early in 1846 the policy was resumed of regular semiannual dividends, ...
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Product details

  • Paperback | 88 pages
  • 189 x 246 x 5mm | 172g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236636236
  • 9781236636232