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PENNS YLVANIA RAILROAD.

Main Line.-Philadelphia, Pa., to Pittsburg, Pa.(incl. H. & L. RR.)..354.9 miles.

Altoona (239 m. W. Philadelphia) to Hollidaysburg..... 7.6

Blairsville Intersection (301 m. W. Phila.) to Indiana..... 19.0
Branch
Delaware Extension (in Philadelphia)...

5.5
Lines :
Steubenville Extension (in Pittsburg)....

1.3 Tyrone (224 m. W. Philadelphia) to T. & C. RR........ 3.1— 36.5

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Total length of main and branch lines (incl. H. & L. RR.)........391.4 miles. Second track, 352.9 ; sidings, 133.7 miles. Gauge, 4 feet 9 inches. Rail

-iron, 64 and 67 lbs.; and steel, 56, 65 and 67 lbs. to yard.
Railroads leased and operated by Pennsylvania Company, viz. :
East Brandywine and Waynesburg RR. (Waynesburg to Downingtown).. 17.5
Mifflin and Centre County RR. (Lewiston Station to Milroy)..

12.9 Tyrone and Clearfield RR. (Tyrone Junction to Clearfield)..

40.6 Bald Eagle Valley RR. (Tyrone Junction to Lockhaven).

51.2 Ebensburg and Cresson RR. (Cresson to Ebensburg).

11.0 Newry Branch RR. (Hollidaysburg Branch to Newry).

3.1 Western Pennsylvania RR. (Blairsville to Pittsburg)..

63.7 Philadelphia and Erie RR. (Sunbury to Erie City)....

.287.5 Pittsburg, Fort Wayne and Chicago.....

.468.0 Total length of road owned, operate and leased the past year.. 1,346.9 miles.

Upon the roads owned by the Company there are 352.9 miles of double track and 133.7 miles of sidings.

In addition to the above the Pennsylvania Company have leases of and operate the following lines : Pittsburg, Cincinnati and St. Louis....

200.5 miles. Little Miami, Columbus and Xenia..

196.6 Columbus, Chicago and Indiana Central..

.600.5 Indianapolis and Vincennes..

.114.0 The Pennsylvania Railroad Company owns a major part of the share capital of the Pittsburg, Cincinnati and St. Louis Railroad. The latter has taken a lease of the Little Miami and Columbus and Xenia Railroad, which is guaranteed by the Pennsylvania Company. For terms of leases of these roads see statements relating to the same. Their accounts do not appear in those of the lessees.

The Pennsylvania RR. Company also own 12,282 of the .22,200 shares of the capital stock of the Cumberland Valley RR., 81 miles ; and 43,614 of the 95,978 shares of the capital stock of the Northern Central RR., 330 miles. These shares, upon which dividends equalling 8 p. c. are paid, are held as a sinking fund for the redemption of the 2d mortgage bonds, and the the bonds of the Harrisburg and Lancaster Railroad Company.

The Company also own 15,365 shares of the Harrisburg and Lancaster Company's stock, $768,250 ; 25,547 shares of the Connecting Company's stock, $1,277,350; 31,636 shares of the Philadelphia and Erie Company's stock, $779,637 26 ; 70,231 shares of the Pennsylvania Canal Company's stock, $1,101,155; and a considerable amount of other railroad and municipal stocks and bonds. The total amount standing on the books of the Company as representing these investments was, January 1, 1870, $20,055,741 93.

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Rolling Stock.-Locomotive engines, 608. Cars--passenger, 294 ; baggage, mail and express, 123; and freight and coal, 9,200—total, 9,617 cars. Also, 1,054 road service cars.

Statement of locomotives and cars for nine years:

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In addition to the above, there are large numbers of coal cars on the road owned by individuals and paying tolls to the Company for motive power, etc.

Operations for the year ending December 31, 1869.—Trains run-passenger, 2,302,963 ; freight, 6,904,888; and service, 366,776—total, 9,574,632 miles. Passengers carried, 4,229,363 ; carried one mile, 144,728,742. Freight moved-general, 2,662,667; coal, 2,320,358, and Company's, 410,966—total, 5,402,991 tons. Average charge per mile-passenger, 2.51, and ton of freight, 1.72 cents, materially lower than in 1868.

Gross earnings-passenger, $3,500,071 06 ; emigrant, $131,075 93; mail, $118,961 91; express, $302,654 54; general freights, $12,932,656 88, and other, $265,401 41– total, $17,250,811 73. Operating expenses, including taxes, etc., $12,203,267 60. Nett earnings, $5,047,544 13.

Statement of operations and results for eight years:

1862.

1863.

1864,

1865.

1866.

1867.

1868.

1869.

Train mileage:

Passenger
Freight.
Service..

1.252,711 1,260,657
3,619,019 4,067.227

187,303 212,557

1.370,347 1.622,748
4.383,559 4,715,284

257,612 266, 268

1,775,472 1,922,230 2,051,625 2,302.960 5,304,551 5,818,060 6,355,865 6,901.888

273,240 286,488 285,838 366,776

Total

5,089,033 5,510,441

6,011,518 6,604,300 7,353,266 8,026,778 8,693,328 9,574,632

1,143,418
72.5

1,707.386
64.6

2.366,213 2,861,836 2.673.568 3,347,466
62.1 71.5 52.0

37.8

3,747,178 4,229.363
35.51 34.22

Passengers
Av. travel, miles
Tons carried :

Merchandize..
Coal
Fuel& matr'ls.

1,223,402 1,362.214
835,146 903.193
161,503 188,913

1,498,600 1,480,919 1.773.178 2,028,501 2,362,835! 2.662,667
1.096.779 1.071,757 1,413,181 1,650.723 2,065,019 2,3,29,358

179.497 213,101 266,339 291.314 291.131 410,906

Total
Av. trans.,miles.

2,223,051

2,451.876

160.3

2,761,876 2,799,810 3,452.718 4,000,538 4,722,015 5,402,991

152.1 150.1 148.6

Passengers.. 1,681.131 2,202.779 3,239,901 4,055.872 3,215,800 3,431,508 3,531,901 3,500,071 Emigranti..

46.958 72.758 94.90 118,321 139.121 121.0.3 78,2141 131,076 U. S. troops

379.893 514.603 511.771 1,275,815 560.016 65.210 U. S. mails

76.598 76,830 80.130 82.730 81.932 99,981 118,962 Exprese matter. 146.852 263.129 815, 111 483,721 371.309 330.495 291.881 302.655 General freight. 77.668,420 8,672.262 10.361.999 11,193 565 11,709.9 11.832.300 12,892.165 12.932.657 Miscellaneous.. 803, 160

160,194 128,148 243,712 471,023 474,028 319,322 265,401 Gross earnings.., 10,301,290) 11,891,413 14,739,058 17,439,169 16,583,883 16,310,156 17,233,497| 17,250,812

From which deduct maintaining and operating expenses as follows, viz. : Transportation. 1.320.459 1,702,147! 3.031.3311 3,736.28 3,646,75 3,517,2391 3.609.239 3,503,793 Motive power..

1,824,005 2.211.038 3.256.052 4.811.91 3,797.83 3.252.113 3,361.09 3.679,195 Cars...

1,215,962 1,193,310 2.001.993 1.657.02 1,961,01 1.529,388 1,112.734 1,461,859 Roadway...

867.332 1,556.367 2,218.709 2,895,09 3,096.431 3,602,719 3,269.897 3.311,568 Gen. expenses..

73,314 117,138 152,600 166,13 239,855 179,751 178, 121 213,853 Operating exp..

5,431,072 6,780,000 10,693,911 13,270,05-12,790,909 12,080,300 11,860,981| 12, 203,268 Nett revenue. 4,873,218 5,111,413 4,065,114 4,189,111 3,792,974 4,256,836 5,372,513 5,017,544

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PHILADELPHIA AND ERIL RAILROAD.

This road was transferred to the Pennsylvania Railroad Company, under a lease for 999 years, on the 1st February, 1862. At that time 147.5 miles only were in operation. The length of road in operation yearly thereafter is shown in the following table:

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The stock of locomotives and cars (=8-wheel) in use on the road at the close of the same years, was as follows:

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The earnings and expenses of the Philadelphia and Erie Railroad (from February 1, 1862, to December 31, 1869), were as follows:

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$
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$ Passengers.

145.875 275.601 479,822 820,590 636.622 635,135 631,438) 672,964 Troops

3.930 20.563 31.359 91.432 48,103 2.807 Freight.

229, 173 383.231 515,033 1,033.925 1,744.299 1,031.902 2,101.614 2,507,083 Espress matter

5.713) 11.001 16.315 26.537 26,912 29.8751 30,931 31.327 U'. S. mail

R.211 13.3.3 11.300 19,036 18.502 18. 136 21.518 21.617 Miscellaneous

29.732 23,133 44,161 21,201 16,381 16,603 18.726 26,714 Gross earnings...

425,6871 727,670 1,131,143 2,071,141 2,511,032' 2,333,760 2,801,230) 3,262,705 From which deduct maintenance and operating expenses,

viz. : Transportation...

81.750 109.621! 217.216 537.5181 621,816 565 2961 610,774 671.606 Roadway.

70,5151 127.379 231,609 627.05) 691.215 613,339 600,2811 733.415 Motive power..

68.1.35 215,603 351.163 562.619 682.917 621.7731 677.02S 719.642 Cars

6,225 11,757 32, 335 13,833 153,936 172,415 178,914 213,546

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General Revenue Account for year ending December 31, 1869.—Gross earnings -Pennsylvania Railroad, $17,250,811 73; Pittsburg, Fort Wayne and Chicago Railway, $4,146,882 22 and Philadelphia and Erie Railroad, $3,262,705 29—total, $24,660,399 24. Expenses of operating these lines—Pennsylvania Railroad, $12,203,267 60 ; Pittsburg, Fort Wayne and Chicago Railway, including rent, etc., $4,110,087 79; and Philadelphia and Erie Railroad, including 30 per cent. guaranteed the Company, $3,324,218 25—total, $19,637,573 64. Nett profit to Pennsylvania Company from the three railroads, $5,022,825 60. From this amount were paid-dividends, May and Nov., each 5 per cent., and taxes, $3,075,643 24; balance to debit of interest account and discount on bonds, $888,375 10; lease rent of Harrisburg and Lancaster Railroad, $135,274 18, and annual payment to the State of Pennsylvania on account of interest and principal due upon the purchase of the State works between Pittsburg and Philadelphia-$460,000—total payments, $4,557,292 52. Balance to credit of income account, $463,533 08.

Statement of the above aggregate account for eight years :

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Penn. RR.
Penn. Canal.
Phil. & Erie RR*
P., F.W.& Chi. R

10,304,291 11,891,413 14,759,058 17,459,169 16,583,883 16,310,156 17,233,497 17,250,812

251,482 287,157 308,615 181,015 297,867
425,687 727,670 1,131,148 2,074,141 2,511,052 2,333,760 2,804,251 3,262,705

4,146,882

Earnings .... 10,981,460 12,906,240 16,198,821 19,714.325 19,422,802 18,673,916 20,037,748 24,660,399

And the expenses of operating the several lines were: Penn. RR. 5,431,072 | 6,780,000 10,693,944 13,270,058 12,790,909 12,080,299 11,860,984 12,203,268 Penn. Canal.

258,091 362,374 310,555 379.813 233,138 Phil. & Erie RR+ 349,344 682,670 1,174,303 2,344,770 2,819,714 2,688,113 2,887,425 3,324,218 P.,F.W.& Chi.R.

4,110,088 Expenses... 6,038,507 7,825,044 12,178,802 15,894,671 15,844,061 14,768,412 14,748,409 19,637,574 Profits...

4,942,953 5,081,196 ! 4,020,019 3,819,654 3,578,741 3,905,504 5,289,339 5,022,825Disposed of as charged in the following accounts: Interest.

572,175 561,918! 517,850 489,5251 539,860 618,681 701.611 888, 375 State lien

460.000 460.000 460,000 460,000 460,000 460.000 460.000 460.000 H. & L. lease 132,159 135,274 135,274 135,274 135,274 135,274 135,274

135,274 Extra div. fund..

1,190,000 Dividends..

986,842 1,206,060 1,523,637 1,997, 265 1,737,969 1,337,669 3,242, 282 3,075,643 Taxes on dividends & coup's

323.610 515,433 438,855 (included in dividends, etc.) Surplus. 1,887,331 2,717,944 1,159,648 222, 157

276,783

163,877 750,172 463,533

* Taken possession of Feb. 1, 1862. + Including 30 p. c. set aside under lease for bond interest, etc.

Previous to 1862 the stockholders received an average of 64 per cent. on their investment. Since 1861 the following cash dividends have been paid (May and November): 1862, 4x4 per cent. ; 1863, 4x5 per cent. ; 1864, 5x5 per cent.; 1865, 5x5 per cent. ; 1866, 5x4 per cent. ; 1867, 3x3 per cent.; 1868, 3x5 per cent.; and in 1869, 5x5 per cent. Stock dividends have been as follows: May, 1864, 30 per cent. ; May, 1867, 5 per cent. ; and May, 1868, 5 per cent.

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General Balances.—Capital stock, 669,862 shares, $33,493,112 50 ; funded debt1st mortgage 6 per cent. bonds, due 1880, $4,972,000 ; 2d mortgage 6 per cent. bonds,

6 due 1875, $4,866,840; general 6 per cent. bonds, due 1910, $6,826,500; lien of the State upon the Public Works between Philadelphia and Pittsburg, purchased by this Company, being 5 per cent. interest, payable in annual instalments of $460,000, applicable first to the interest and the remainder to principal (the original amount of which was $7,500,000), $6,082,538 14; short 6 per cent. bonds or debentures, due 1871, $1,114,224 ; and 6 per cent. mortgages and ground-rents remaining on real estate purchased, $102,809 32—total funded debt, $23,964,911 46 ; bills and accounts payable, $5,573,323 10; contingent fund, $1,000,000 ; and balance, $998,955 46.

Per contra: Property-Railroad between Harrisburg and Pittsburg, 276 miles, and stations, warehouses, shops, etc., on whole line from Philadelphia to Pittsburg, $14,087,741 13; Philadelphia and Columbia RR. purchase, $5,375,733 43; equipment, $6,182,448 17; real estate and telegraph line, $4,271,506 88, and extensions to S. bank of the Monongahela and to the Delaware, including wharves and grain-elevator, $2,475,437 10—total cost of property, $32,392,866 71; stocks and bonds—H. & L. RR. stock, 15,365 shares, $768,250 ; Connecting RR. stock, 25,547 shares, $1,277,350 ; Philadelphia and Erie RR. stock (exclusive of 48,000 shares of preferred 8 p. C. stock in the sinking fund), 31,636 shares, $779,637 26 ; Pittsburg, Cincinnati and St. Louis RR. stock and bonds, $7,676,695 31 ; Pennsylvania Canal stock, 70,231 shares, $1,101,156 ; other railroad and municipal stock and bonds, $6,019,221 01 ; and cost of stocks and bonds in sinking fund to pay Pennsylvania RR. 2d mortgage and H. & L. RR. 1st mortgage bonds, $2,433,432 35—total stocks and bonds, $20,055,741 93 ; fuel and materials, $1,899,428 49; advanced for fuel, etc., to Philadelphia and Erie RR., $107,854; advanced to operate Philadelphia and Erie RR., $538,337 50 ; bills and accounts receivable, $8,086,147 74; balance in hands of agents, $804,182 34; and of Treasurer, $845,743 74...

Total, of all accounts, $65,030,302 52. Statement of general balance December 1, 1862–69 inclusive:

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$ Capital stock.. 13,271,100 13,130,250 19.896,060 20,000,000 20.000.000 21,045,750 27,040,762 33,493,113 1st m.6 p.c. bs. '80 4,980,000 4,980,000 4.980,000 4.980.000 4,980,000! 4,972.000 4,972,000 4,972,000 2d

1875 4,517,400 4,904,840 4,904,840 4,904,840 4.904,810 4,880.810 4,877.840 4,866,840 Gen. 1910

59,000 1,515,000 6.826,500 State lien 5 p. c... 7,000,000 6,900,000 6,800,000 6,700,000 6.600.000 6,375,734 6.232.755 6,082,538 Short bds., 6p.C.'..

1,554,018 3,400,000 3,520,728 1,114,234 Mtgs. & ground

rents, 6 p. c... 169,364 161.294 117.294 153,284 170.182 117,809 117,809 102.809 Bills and acc'ts.. 839,172, 1,129,388 2,393,461 3,651,447 3.062,114 2.727,493 3,361,368 5,573,323 Extra div. fund.

1,110,000 1.300.000 Contingent

885,641 1.000.000 1.000.000 1.000.000 1.000.000 1.000.000 1.606.250 1,000,000 Bal.(pr'fit & loss) 3,628,537 5,786,906 3,428,691 4,449,225 870,415 221,709 869,233 998,955 Total....... 35,324,214 38, 295,668 43,520,336 45,850,796 44,251,59946,100,425 54,143,745 65,030,302

Per contra : Accounted for in the following charges, viz. : Main line and

branches 16,840, 272 16,788, 248 16,752, 151' 16,745,091 13,500,000 13,540,950 13,563,630 14,087,741 State works purchane

7,000,000 6,900,000 6,800,000 6,700,000 6,600,000 5,375,733 3,375,733 6,375,734 Equipment.. 3,582,201 3,543, 481 3,385,315 3,375,024 3,371,215 4,476,850 4,476,850 6,182,448 Real estate and

telegraph. 1,937,105 2,568,902 3,814,971 3.066,467 3,421,481 3.481,642 3,978,658 4,271,507 Extensions, etc. 528,970 791,661 1,272,454 1,922,752 2,121,158 2,239,844 2,366,662 2,475,437 Construction.... 29,888,551 30,592,298 31,024,891 31,809,334 29,013,854 29,115,019 29,761,533 32,392,867 H. & L.RR. stk.

726,650 732,950 732,950 768,250 Connecting RR. stock,

1,262,979 1,277,350 1,277,350 W. Penn. RR. stock and b'ds

183,450 554,305 Phil. & Erie RR. bonds.

600,100 954,550 1,334,601 1,909,420 439.000 Phil. & Erie RR, stock..

779,637 779,637 779,637 Stock & bds. on

RR. hetw. P'bg and Columbus.l.

1,741,347 1,683,925 2,000.856 5,575,519 5.633,450 7.676,695 Penn. Canal st'k

1.101.155 1,101,156 1,101,156 Oth'r stick-&bds 1,060,183' 1,928,888 2,881,863 2,650,519 1,570,313 522,314 1,283,433 6,019,221 Stocks & bds, in

Binking fund 1.226,236 1,451,315 1.615,755 1,810.918 1,996,368 2,000,757 2,301,429 2,433,433
Fuel & materials 514,311 775,939 1,277.381 1,462,555 1,378,401 1,074,947 1,409,830 1,899,428
Advances to Phil
& Erie RR. Co.

469.764 926.712 1,174,350 737.297 790.722 945,192 Bills and acc'ts. 724.662 1,466,408 2.013,031 2,523,302 4,148.061 1,593,068 6,613,527 8,086,148 In hands of ag'ts 656,885 552,141 762.076 530.334 577,019 495,810 784.635 804,182

Treas. 653,285 478,129 370,627 513,817 1,043,241 556,614 1,674,094 845,744 Total.

35,324,213, 38,295,668 43,520,336 45,850,796 44,251,599 46,100,425, 54,143,745, 65,030,302

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