Page images
PDF
EPUB

Classification of cars :

Coal Care.-Iron (8-wheel), 3, and (4-wheel), 2,477; and wooden (8-wheel), 5,241, and (4-wheel), 2,065. Total, 9,786=(8-wheel), 7,515, or (4-wheel), 15,030.

Freight Cars.—Platform, gun (16-wheel), 1 ; house (8-wheel), 511, and (4-wheel), 46 ; cattle (8-wheel), 49, and (4-wheel), 4; platform (8-wheel), 778, and (4-wheel), 22 ; lime (8-wheel), 44, and (4-wheel), 121 ; and sand and ore (4-wheel), 6. Total, 1,582=(8-wheel), 1,483), or (4-wheel), 2,967.

Passenger Cars.—Passenger (8-wheel), 599, and (4-wheel), 1; baggage (8-wheel), 30; and mail and express (8-wheel), 11. Total, 141=(8-wheel), 1401, or (4-wheel), 281.

Transportation Department Carsincluding wrecking, crane, wood and fuel, dump, etc.—(8-wheel), 30, and (4-wheel, 163. Total, 193=(8-wheel), 111}; or (4wheel), 223.

Roadway Department Cars—including wrecking, crane, salt, dump, etc.—(8wheel), 73, and (4-wheel), 267. Total, 340=(8-wheel), 2061 or (4-wheel), 413.

Aggregate stock of cars, 12,042—(8-wheel), 9,457, or (4-wheel), 18,914.

The Company also own a large amount of other stationary and moveable property, viz. :

In use of Transportation Department—43 steam engines for shops, pumping and sawing iron ; 7 snow plows, 25 carts, wagons and drays; 194 horses and mules ; 18 extra tenders for locomotives.

In use of Roadway Department-5 steam engines at Pittstown shops ; 1 waterwheel and pump at Norristown; 5 portable engines and pumps ; 9 lumber and stone

9 trucks; 4 carts; 1 dredging machine; 16 scows and 3 skiffs.

The number of locomotive engines and cars (reduced to 4-wheel) in use on all the roads of the Company on the 30th November yearly, for the last eight years, was as follows:

[blocks in formation]
[ocr errors]

Operations for the year ending November 30, 1869 :

Trains run-on main line, 2,589,542 ; on Lebanon Valley, 636,966 ; on lateral roads in coal region, 1,660,926; on other lines, 271,867—total, 5,159,301 miles.

Passengers carried, 1,527,769 ; carried one mile, 40,525,071.
Freight moved, 1,422,738 tons (2,000 lbs.); moved one mile, 61,277,827 tons.
Coal moved, 4,239,457 tons (2,240 lbs.); moved one mile, 422,575,540 tons.
Materials for use of road hauled, 337,117 tons (2,000 lbs.)
Total tonnage, including weight of passengers, 6,667,190 tons (2,000 lbs.)

Gross earnings—passenger, $1,184,006 33 ; freight, $1,579,622 53 ; coal, $8,346,240 15; U. S. mail, $29,169 87; sundries, $69,342 30; and balance of interest, $66,859 49—total, $11,275,240 67.

Current expenses-running account, $1,897,973 04; workshops, $1,424,229 09; depots, $238,312 14; superintendence, $418,884 72; roadway department, $1,132,557 86; drawbacks and allowances, $194,668 62; rents and ground rents, $609,179 73 ;

!

profit and loss, damages, premium on sterling, etc., $77,950 07 ; insurance, $18,502 25; State, county and city taxes, $68,598 73; State tax on tonnage, $76,402 80; and on gross receipts, $83,052 28; U. S. taxes on receipts, manufactures, etc., $32,521 86— total current expenses, $6,272,833 19.

Nett earnings, being difference between gross earnings and current expenses, $5,002,407 48; from which were paid renewal fund (5 cents per 100 tons one mile), $603,479 48 ; interest on bonded debt, $ 184,303 03; sinking fund installments, $68,600; improvements, $569,105 78; July dividend, 5 per cent. on $27,639,619 32, $1,381,980 96, and U. S. tax thereon, $141,834 88 ; balance to credit of income, $1,753,103 35, subject to January, 1870, dividend.

1. Statement of operations for seven years :

[blocks in formation]

Miles run by engines.. 2.721.689 3,328, 299 3,688,309 4,261.336 4,356,385 4,500,135 5.159,301 Passengers carried.

576.861 1,048,501 1,481,632 1,444,257 1.273.614 1,194,575 1,527,769 Merch dize, tons (2,000 lbs.) 652,263 807,106 816,105 1,037,121 1,185,896 1.220,596 1,422,738 Coal, tons (2,240 lbs.)

3.065,261 3,065,577 3,090,814' 3,714,684 3,416,826 3,574.874 4,239.457 Materials, tons (2.000 lbs.).. 231,071 212.908 249,863 226.896 212,526

220.946 337,117 Pass. & fgt., tons (2,000 lbs.) 4,391,877 4,606, 286 4,712,016 5,574,907 5,421,538 5,488,558 6,667, 190

2. Statement of results of operations for same seven years :

[blocks in formation]

Passsenger earnings $566,520 $909,882 $1,065,847 $1,026,217 $1,005,646 $987,606 $1,184,006 Merchandize earnings.. 673,113 953,776 1,165,277 1,421,539 1,525,557 1,415,723 1,579,623 Coal earnings..

4,897,200 7,203,775 8,627,292 8,245,696 6,401,879 6,252,224 8,346, 240 U. S. mail earnings

21,309 23,496 28.871 27,719 33.085 29,150 29,170 Miscellaneous earnings. 94,780 178,411 255,232 181,617 137,331 107,234 136,202 Gross earnings.. $6,252,902 $9.269,340 $11, 142,519 $10,902,818 $9,106,497) $8,791,937 $11,275,241 Expenses, rents, etc.... 2,546,002 4,581,848 5,905,864 6,221,500 5,767,858 5,641,100 6,272,833 Earnings, less expenses. $3,706,900 $4,684,492 $5,236,655 $4,681,318 $3,338,638 $3,150,837 $5,002,408

3. Statement of ordinary charges against nett earnings for same years:

[blocks in formation]

Total payments.....
Balance of earnings....

$2,378,336 $3,293,179 $2,604,089 $2,151,731 $1,298,877 $1,412,855 $1,725, 488 $1,328,564 $1,391,313 $2,632,566 $2,529,587 $2,039,761 $1,737,982 $3,276,920

4. Statement of the “ Reserved Fund,” made up from nett earnings and other revenues, and liable for dividends, drawbacks, etc. :

[blocks in formation]

$990,956 $2.171.259 $:372,050 $3,305,739 $2.920,118 $2,769, 256 $1.921,976 1,328,561 1,391,313 2,632,566 2,529,587 2,039,761 1,737,982 3,276,920 104,000

370,000 320,000

Balance due Dec. 1...
Nett earnings..
Sinking fund stock in lieu

of bonds canceled.. Schuylkill Nav.Co.; balance

of accounts, rents, etc... Profit on boats, etc., etc. Old debts paid...

Total revenues

[blocks in formation]

$2,319,520 $3,666,572 $3,333,965 $6,605, 968 $5,396,071 $1,618,186 $5,198,896

[blocks in formation]

Dividend on pref. stock... $108,626
Dividend on com. stock

$82,945,145 $28,226 $3,198,735 $2,329, 998 $2,445,250 $2,697,248 1.S. & State taxes o i div.

309,980

434,759 296,817 250,960 243,363 Drawbacks on trafñc..... 39,635 40,397

52,356 Total disbursements.... $148,261 $3,294,522 $28,226 $3,685,850 $2,626,815 $2,696,210 $2,940,611 Balance, Nov. 30... $2,171,259 $372,050 $3,305, 739 $2,920,118 $2,769,256 $1,921,976 $2,258,285

5. Statement showing the rate per cent. of the dividends paid on the Company's stocks, and the manner of payment:

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][ocr errors][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small]

The payment of the January, 1870, dividend and tax, reduced the balance of November 30, 1869, by $1,634,541, or to $623,743.

General Balances. ----Abstract of general account of November 30, 1869 :

[ocr errors]

Capital stock, common..,

$27,471,300 28 preferred..

1,551,800 00 Total capital stock. ...

$29,022,100 28 Funded debt (details below).

6,951,300 00 Bonds and mortgages on real estate. 868.292 13 Reserved fund.

2,258,284 56 Total.

$39,100,976 97

Railroad, etc...

$19,410,393 59 Depots....

1,913,734 83 Engines and cars...

4,928.060 98 Real estate..

3,311,745 90 Auxiliary roads, stocks, bonds, etc., and other investments..

6,331,511 88 Assets over liabilities.

3,205,509 79 Total....

$39,100,976 97

Statement showing the assets and liabilities of the Company, the balance of which only enters into the above account:

ASSETS, Cash on hand.

$1,021,934 76 Freight and toll bills 646,829 20

$1,668, 763 96 Less due for wages, ma

terials, drawbacks and other roads....

626,998 45

$1,011,765 51 Stocks and bonds.

3,674.054 09 Materials and payments on account. 1.021,732 55 Debts duc, current.

390,202 77 Debts due, partly secured.

355,408 70 Total....

$6,483,223 62

LIABILITIES
Debt due by Company..

$1,777, 228 25 Coupons to Jan. 1, 1870.

181.998 00 Interest on bonds and mortgages. 25,804 12 Sinking funds...

573,703 04 Cr. insurance fund.

77,592 37 Cr. renewal fund..

4,359 17 U.S. and State taxes on July divid'nd 141,834 88 East Penn. RR. bonds due 1888

495,900 00 Total....

$3.277.713 83 Balance of assets..

3,205,509 79

Total...

$6,483, 223 62

Statement comparing the general accounts yearly for seven years :

[blocks in formation]

Stock-common

preferred
Bonds
Bonds and mortgages.
Sinking f. stocks and bonds
Reserved fund..

$
$
$
$

$
11,661,428 18,520,524 18.698.873. 21,191,067 22,301,301 24.719,552 27,471,300

1,551,800 1,551,800 1,551,8001.551.800 1.551.800 1,551,800 1,551,800 10,077,3001 6,675,300 6,365,300 6,091.300 5,902,300 6,379,800 6,951.300 590,028 596,579 535,363 633,363 658,525 630, 123 868,292

161.000 195,000 4,733,272 372.050 3,305,739 2,920,118 2,769,236 1.921,976 2,258,285

Total

26,613,838/ 27,716,253 30,608,075 32,575,548 33,186,182 35,233,553 39,100,977

Per contra :

Railroad, etc....
Depots...
Engines and cars
Real estate.
Lebanon Valley RR.
Willow Street RR.
Stocks, bonds, etc.
Assets over liabilities..

14,449,398 14,449,398 14,790,575 15,258,597 15,529,463 14.825,962 19,401,393

477,699 477,699 477,699 685.015 1,032,964 1.736,464 1,913,725 3,765,774 3,765,774 3,765,771 3,765,771 3,763.771 3,763,774 4,928.061 1,493.006 1,493,006 1,729,007 2.086,150 2,405,275 2,105,275 3,311,146 4,518,878 4,518,878 4,518.878 4,581,431 4,581,131 4.581, 131 (included)

100,000 100.000 100,000 100.000 100.000 100,000 100,000 631.783 631.789 2,457,428 3,449,136 3.790.5.36 5,310,519 6,331.512 1,144,281 2,2 16,709 2,738,714 2,618,108 1.977,739 2,523,128 3,205,510

Total...

26,613,822 27,716,253 30,608,075 32,575,518 33,186,182 35,253,553 39,100,977

The funded debt, at the close of the years as above, stood thus:

[blocks in formation]

5 p. c. £ bonds, 1836-67...
5 p. c. £ bonds, 1836-80..
6 p. c. $ bonds, 1849-70.
6 p. c. $ bonds, 1861-71,
6 p. c. $ bonds, 1843-80.
6 p. c. $ bonds, 1813-80.
6 p. c. $ bonde, 181180.
6 p. c. $ bonds, 1818-80.

bonds, 1819-80.

bonds, 1857-86 7 p. c. $ (L. V.) bonds, 1856-86 7 p. c. £ bonds, 1836-72, 77. 6 p. c. $ bonds, 1868-93. 7 P. c. $ bonds, 1868-93.

Total, Nov. 30.

[ocr errors]

$ 408,000 408.000 408.000 408.000

182,400 182, 100 182,400 182,400 182,400
2,950,600 2,856,600 2,695,609 2,661,600 2,656,600

110.000 106,000 106,000 106,000 106,000
976.800 976.800 976,800 976,800 976,800
519.000 519.000 549.000 519,000 519,000
810,000 804,000 801,000 804.000 801.000
101.000 101,000 101.000 101.000 101.000

67,000 67.000 67.000 67.000 67.000
2,480,500 564,500 415,500 228,500 171,500
1,412,600 60,000 60,000

288,000

182,400 381.800 102,000 976,800 549,000 804,000 101.000

67.000 147,000

6 p. c. 6 p. c.

288.000 288.000 477.500 1.086,300 2,255,000 2,266,000

10,077,300 6,675,300

6,365,300 6,084,300 5,902,300 6,379,800, 6,951,300

Of the 6 per cent. bonds, 1868-93, $608,800, were issued for the construction of the Pine Grove and Lebanon, and other branch roads.

Directors (elected January 10, 1870).-H. Pratt McKean, A. E. Borie, R. B. Cabeen, J. B. Lippincott, John Ashurst and Stephen Colwell, all of Philadelphia. FRANKLIN B. Gowen-President...

Philadelphia, Pa. Treasurer-Samuel Bradford. .Philadelphia. | Eng. of Mach'y-John E. Wootten... Reading Secretary-William H. Webb.

Gen. Tkt. Agt.-Clinton G. Hancock.Philadelphia. Gen. Supt.-Gustavus A. Nicolls.. Reading Gen. Fgt. Agt.-John S. Hilles. Chief Engineer--Charles E. Byers. Pottstown. Purchasing Agt.-J. W. Jones..

PRINCIPAL OFFICE AND ADDRESS.No. 227 South Fourth St., Philadelphia, Pa.

HANOVER BRANCH RAILROAD.

Line of Road.-Hancver Junction (N. Cent. RR.), Pa. to Hanover, Pa..12.20 m. Gauge, 4 feet E} inches. Rail, 50 lbs. to yard.

Rolling Stock (December 1, 1869). — Locomotives, 5. Cars-passenger, 4; baggage, mail and express, 3 ; freight, 10—total, 17.

Operations for the year ending November 30, 1869.-Gross earnings, $81,719 48; current expenses, including taxes, $50,967 72 ; nett earnings, $30,751 76. Dividends, 10 per cent. $11,685.

General Balances.-Capital stock, $116,850. Per contra : Cost of road, etc., $254,126 80. The difference between cost and capital is made up of nett earnings. A. W. EICHELBERGER-President......

.... Hanover, Pa. Treasurer-R. A. Eichelberger, Hanover, Pa. Mast. of Mach'y:-J. J. Bingsley....Hanover, Pa. Secretary-Henry Wirt.

Mast. Car Repr's-Henry Britchen.. Supt.-Henry A. Young.

Tkt. & Fgt. Ågt.-James Leib... Road Master--Thomas Bailey

Purchasing Agt.-H. A. Young... PRINCIPAL OFFICE AND ADDRESS.

Hanover, York Co., Pa.

[ocr errors]

66

66

COLUMBUS AND HOCKING VALLEY RAILROAD.

[ocr errors]

Line of Road.—Columbus, Ohio, to Athens, Ohio....

.75.28 miles. Completed: Columbus, Ohio, to Nelsonville, Ohio.....

.62.00 Gauge, 4 feet 10 inches. Rail, 56 lbs. to yard.

[Road was operated in 1869, for 7 months a length of 30, for one month 50, and for 3 months 62 miles. Average, 377 miles. The line to be completed in July next.]

Rolling Stock.-Locomotive engines, 9. Cars—passenger, 8; baggage, etc., 3 ; freight (box, 30; stock, 10; platform, 10), 50; coal, 165—total, 226 cars.

Operations for the year ending December, 31, 1869 :
Passengers carried, 71,106. Freight moved, 71,120 tons.
Earnings, $150,230. Expenses, $77,058 96. Balance to credit, $73,171 04.

Statement (approximate) of Financial Condition—Capital stock, $700,000; funded debt (sinking fund bonds, 7s, due October 1, 1897), $1,200,000; and bills payable, $100,000. The total issue of bonds is limited to $1,500,000.

Directors.-B. E. Smith, William Dennison, M. M. Greene, William G. Deshler
W. B. Brooks, C. P. L. Butler, Isaac Eberly, John Greenleaf and Theodore Com.
stock, Columbus, Ohio; Peter Hayden, New York City; C. H. Ripper, Logan, Ohio;
John D. Martin, Lancaster, Ohio; and S. W. Pickering, Athens, Ohio.
B. E. SMITIIPresident.....

Columbus, Ohio.
M. M. Green-Vice-President...
Treas. & Sec.-J. J. Janney.. Columbus, O. | Road Master_W.C. Merritt..

Columbus, O. Supt.-John W. Doherty...

Tkt. & Fgt. Agt.-E. A. Buell. Chief Engineer–H. W. Joager...

Purchasing Agent-J. W. Doherty. PRINCIPAL OFFICE AND ADDRESS.

Columbus, Ohio.

[ocr errors]
[ocr errors]

66

[ocr errors]

66

NEW ORLEANS AND CARROLLTON RAILROAD.

Line of Road.-New Orleans, La., to Carrollton, La.......

..6 miles Branches, etc., equivalent to 16 miles single track. Gauge, 4 feet 84 inches.

Rolling Stock.–Passenger cars, 54. [This road is now altogether used for horse cars carrying passengers.] Operations for the year ending December 31, 1869.—Passenger earnings, $228,

« PreviousContinue »