The Beginnings of the Texas Railroad System. 
69 
Capital Stock . 
Subscription on extension, showing amount paid in 
in addition to $7,600 for which stock was is- 
sued . $31,647 25 
Subscriptions old from subscriptions in default . . . 1,207 50 
Land scrip, net amount of sales 
Receipts— earnings of road to June 1, 1859 $192,354 32 
Receipts — earnings of road from June 1, 1859 to 
April 1, 1860, 10 months 111,510 43 
Debt. 
State loan on 70 miles $420,000 00 
Less amount paid into sinking fund 8,400 00 
Notes payable 
Loans in Boston . 235,675 76 
Less notes receivable applicable in payment 3,580 00 
310,495 00 
32,854 75 
106,810 37 
303,864 75 
$411,600 00 
215,208 89 
Sundry balances on suspense-. 
232,095 76 
17,666 96 
$1,630,596 48 
4 Ac;t of September 1, 1856, “Laws of Texas,” Vol. 4, p. 806. 
5 Report of the Houston & Texas Central Railway in the Texas Almanac for 
1861, p. 234. 
6 Fourth Annual Report of the President and Directors of the Houston & 
Texas Central Railway Company to the Stockholders, 1857, p. 10. 
7 The account of the company stood on June 1, 1860, as follows: 
Stock subscribed to June 1, 1860: 
Stock issued and fully paid . $ 458,200 00 
Stock paid, but not issued . 320,475 00 
Due for stock in bills receivable 264,124 00 
Total $1,042,800 00 
Construction account, buildings at Courtney and Navasota stations, 
platforms since last $19,514 00 
Right of way 187 51 
Land from the State 1,608 00 
Three locomotives 30,000 00 
Cars and material for cars * 14,815 00 
Amount of bonds to the State of Texas 450,000 00 
Amount of bonds, second mortgage 125,000 00 
Amount construction 400,000 00 
Amount bills payable . 224,430 00 
Due- to the company over and above debts due by the company .... 44,562 00 
Freight receipts from September 1, 1859, to June I, 1860. . 198,809 00 
Passenger 
Mail . 
Repairs of all kinds 
Buildings and platforms . 
Salaries 
Transportation expenses 
Wood including stock on hand 
66.844 00 
44,497 00 
58,666 00 
14,289 00 
30,000 00 
10,866 00 
31,890 00 
3,013 00 
.$1,728,990 51 
Total 
8 Act of February 7, 1853, “Laws of Texas,” Vol. 3, p. 1410. 
9 Report of the Galveston, Houston & Henderson Railroad Company to the 
Comptroller, 1860. 
10 Act of September 5, 1850 
‘Laws of Texas,” Vol. 3, p. 814. 
