SOMERSET AND KENNEBEC RAILROAD. (Leased to and operated by Portland and Kennebec Railroad Company.) .....37 miles. Line of Road.-Augusta, Me., to Skowhegan, Me...... Sidings and turnouts, 1.6 mile. Rail, 56 lbs. to yard. Gauge, 4 feet 8 inches. The road will probably be extended to Carrituck Falls, in Solon, within a year or two. The additional distance is 14 miles. Operations. Included in Portland and Kennebec Railroad. Rent under lease, $36,000 per annum. General Balances.-Capital stock, $230,000; bonds, $560,000. Per contra : Nominal cost, $800,000. PRINCIPAL OFFICE AND ADDRESS... .Augusta, Me. ERIE AND PITTSBURG RAILROAD. 66 Line of Road.-Girard (Lake Erie), Pa., to Newcastle, Pa......... .80.54 miles. Dock branches at Erie City.... 3.16 Sidings and other track, 17.1 miles. Gauge, 4 feet 10 inches. Rail, 56 lbs. to yard. [The Company also use under contract 14.31 miles of Lake Shore and Michigan Southern Railroad between Erie and Girard.] Rolling Stock.--Locomotive engines, 22. Cars-passenger, 11; baggage, mail and express, 4; freight, 52; and coal, 663-total, 730 cars. Operations for the year ending Novembr 30, 1869.-Trains run-passenger, 88,436; freight, 347,674; and coal, 48,430—total, 484,540 miles. Passengers carried, 154,524. Freight moved—bituminous coal, 395,849; pig and railroad iron, castings, etc., 60,426; iron and other ores, 90,497; merchandize, 20,126; lumber, etc., 16,970— total, 597,247 tons. Gross earnings-passenger, $131,106 18; freight, $674,078 12; mail, etc., $19,426 61-total, $824,610 94. Operating expenses, including taxes, $441,583 26. Nett earnings, $383,027 68. Interest, discount, etc., $200,656. Balance of income, $182,371 68. General Balances.-Capital stock, 19,992 shares, $999,600; funded debt-1st mortgage 7 per cent. bonds, due July 1, 1882, $830,000; 2d mortgage 7 per cent. bonds, due March 1, 1890, $179,100; consolidated 7 per cent. bonds, due July 1, 1898, $1,567,000; and fractional bond certificates, $1,404-total, $2,577,504-total stock and bonds, $3,577,104. Per contra: Railroad, $2,634,231 76; equipment, $1,045,893 10; and real estate, $545,000-total property, $4,225,124 86. Financial condition and results of operations for seven years: Directors.-Horace F. Clark, Alanson Robinson, Augustus Schell and David Dows, New York City; William Williams and John M. Hutchinson, Buffalo, N. Y.; Charles H. Lee, Silver Creek, N. Y.; William L. Scott, M. Courtright and David Rawle, Erie, Pa.; and James Pierce, Sharpsville, Pa. KANSAS CITY AND SANTA FE RAILROAD (Projected). Line of Road.-Olathe, Ks., to Emporia, Ks................... .100 miles. [That portion of the road between Olathe and Ottawa is under contract to be completed by July 1, and thence to Emporia during the current year. At Ottawa connection is made with the Leavenworth, Lawrence and Galveston Railroad, and at Emporia with the Atcheson, Topeka and Santa Fe and the Southern branch of the Union Pacific Railroad.] Directors (elected October 18, 1869).-P. P. Elder, Ottawa, Ks.; John W. Reed, Kansas City, Mo.; J. E. Hays, Olathe, Ks.; W. H. Morgan and M. Dively, Kansas City, Mo.; Theo. C. Bowles, Ottawa, Ks.; J. W. Sponable, Gardner, Ks.; W. A. Ochiltree, Olathe, Ks.; O. H. Shelton, C. V. Eskridge and Jacob Stotler, Emporia, Ks. ; J. B. Vliet and H. F. Shelton, Ottawa, Ks. P. P. ELDER-President.... John W. Reed-Vice-President.. Treasurer J. E. Hays........ Ottawa, Ks. ...Kansas City, Mo. ..Olathe, Ks. | Secretary-W. H. Morgan.......Kansas City, Mo. PRINCIPAL OFFICE AND ADDRESS.. PORTLAND AND ROCHESTER RAILROAD. (Reorganization of York and Cumberland Company, sold out in 1865.) Line of Road.-Portland, Me., to Rochester, N. H.. In operation: Portland, Me., to Alfred, Me...... .51 miles. .32 [The road between Alfred and Rochester, nineteen miles, is under contract to be completed by November, 1870. In connection with the Rochester and Nashua and the Rochester and Concord Railroads, the P. & R. RR. will form portion of a direct route between Portland and the West.] Rolling Stock.-Locomotive engines, 4. Cars-passenger, 19; baggage, mail and express, 2; and freight, 42-total, 63 cars. General Balances (January 1, 1870).—Capital stock paid in, $570,000; funded debt-1st mortgage 6 p. c. bonds, issued by the city of Rutland in aid of railroad, July 1, 1867, and due in twenty years, authorized, $700,000; issued, $400,000-total stock and bonds, $970,000. The stock represents the old mortgage foreclosed in 1865. The cost of the road from Portland to the Saco River, eighteen miles, was $1,090,317. Cost from the Saco River to Alfred, fourteen miles, $400,000. Directors (elected first Wednesday in October, 1869).-John Lynch, A. K. Shurtliff, Henry P. Deane, H. J. Libby, J. S. Ricker and Rufus E. Wood, Portland, Me.; Fred. Robie, Gorham, Me.; John McDuffie, Rochester, N. H.; and Winthrop G. Ray, New York City. JOHN LYNCH-President..... Portland, Me. 66 PRINCIPAL OFFICE AND ADDRESS.. Treasurer-George P. Westcott.....Portland, Me. | Master Mach'y-James S. Drake.... Portland, Me. 66 MISSISSIPPI AND TENNESSEE RAILROAD. Line of Road.-Memphis, Tenn., to Grenada (Miss. Cen. RR.), Miss..99.2 miles. Sidings, turnouts, etc., 4.9 miles. Gauge, 5 feet. Rail, 56 and 58 lbs. to yard. Rolling Stock (October 1, 1869).-Locomotives, 10. Cars-passenger, 9; baggage, mail and express, 5; box, 50; stock, 4; platform, 40-108 cars. Operations for the year ending September 30, 1869.-Trains run-passenger, 130,836; freight, 50,025; construction, 23,405-204,266 miles. Cotton moved, 33,331 bales. Gross earnings-passenger, $165,867 08; freight, $206,342 19; express, $4,415 65; mails, $7,500; other, $1,850-$385,974 92. Current expenses, $233,741 97. Nett earnings, $152,232 95. Increase of nett receipts over 1867-68, $92,804 08. General Balances (October 1, 1869).-Capital stock, $825,406 99; funded debt (consolidated 8 per cent. bonds, $1,105,700; 1st mortgage 7 per cent. bonds, $600,000; income 10 per cent. bonds, $21,500; Tennessee State 6 per cent. bonds, $417,800), $2,145,000; floating debt (bills payable, $125,671 64; Mississippi 2 per cent, fund, $20,949 07; circulation, $101,329 27; pay-roll, $12,878 04; vouchers unpaid, $12,436 03; due U. S., $52,178 58; individual accounts, $22,205 77), $347,649; receipts 186869, $385,974 92; profit and loss, $186,657 07. Per contra: Property (road, $2,011,196 77, and equipment, $185,832 84), $2,197,029 61; reconstruction, $531,636 08; funded interest, $635,895 74; expenses and taxes, $246,415 63; interest, $41,077 10; road expenses of previous years, $22,282 17; assets (bills, $4,237 89; stocks, $10,500; new Tennessee State bonds, $101,000; 1st mortgage bonds, $27,000; consol 8 p. c. bonds, $9,500; State (Tenn.) Bank notes, $33,306; sundries, $11,139 01), $196,682 90; cash, $19,668 78-total, $3,890,688. Directors (elected November 10, 1869).—F. M. White, Memphis, Tenn.; John Caldwell and A. N. McKay, Hernando, Miss.; N. R. Sledge and Nathaniel Howard, Como, Miss.; W. B. Greenlaw, Memphis, Tenn.; J. C. N. Robertson, Hernando, Miss.; Edward F. McGehee, Como, Miss. ; Sam. Tate, Memphis, Tenn. On behalf of State of Tennessee: R. Hough, Joseph Lenow and J. M. Williamson, Memphis, Tenn. F. M. WHITE-President..... Sec. & Treas.-S. H. Lamb. Memphis, Tenn. PRINCIPAL OFFICE AND ADDRESS.. Foot of Main St., Memphis, Tenn. Supt. Bridges-J. S. Bryant. Trans. Agt.-I. K. Wood... 66 SOUTHERN CENTRAL RAILROAD. Line of Road.-Fair Haven (L. Ontario), N. Y., to Penn. State Line..116 miles. Completed: Owego, N. Y., to Auburn, N. Y.. 70 Auburn to Fairhaven, thirty-four miles, and Owego to Penn. State line, seventeen miles, are under contract to be completed during the current year. Rolling Stock (January 1, 1870).-Locomotive engines, 4. Cars-passenger 2; baggage, mail and express 2; and freight, viz.: box, 2; and platform, 37—total, 43. General Balances (January 1, 1870).-Capital stock, $3,000,000, of which somewhat less than $2,000,000 have been paid in. Funded debt-1st mortgage 7 p. c. bonds-$1,500,000. Cost of road at completion (estimated), $4,500,000. Directors (elected September 1, 1869).-John H. Chedell, Nelson Beardsley, William C. Barber, William H. Seward, Jr., D. M. Osborn, Harmon Woodruff and C. G. Briggs, Auburn, N. Y.; H. K. Clark, Groton, N. Y.; J. W. Dwight, Dryden, N. Y.; Chauncey L. Rich, Richford, N. Y.; John J. Taylor and Thomas C. Platt, Owego, N. Y.; George J. Post, Fair Haven, N. Y. Treasurer-Wm. H. Seward, Jr.. .Auburn, N. Y. | Superintendent-J. Lewis Grant... Auburn, N. Y. Secretary-H. N. Lockwood.. Chief Engineer-F. E. Knight...... PRINCIPAL OFFICE AND ADDRESS.. Chief Accountant-H. D. Titus... .Auburn, N. Y. HOLLY, WAYNE AND MONROE RAILROAD (in Progress). Line of Road.-Holly, Mich., to Monroe, Mich....... ......64 miles. About half the line is ready for the iron. The capital stock paid up January 1, 1870, was $276,000; municipal aid voted, $135,000; right of way donated, $35,000— total available means, $446,000. Bonds to the amount of $16,000 per mile will be issued upon the road. Directors (elected May 22, 1869).-David A. Noble, Caleb Ives and W. Waldorf, Monroe, Mich.; F. I. Palmer, Wayne, Mich.; C. H. Bennett, Plymouth, Mich.; Jared S. Lapham, Northmills, Mich.; I. L. Andrews, Milford, Mich.; H. E. Degamio, Spring Mills, Mich.; and J. B. Simondson, Holly, Mich. CALEB IVES-President...... Treasurer-Jared S. Lapham....Northmills, Mich. | Chief Engineer—S. A. Forbes...Northmills, Mich. Secretary-H. A. Noble.. .Monroe, PRINCIPAL OFFICE AND ADDRESS.. Monroe, Mich. Monroe, Mich. SUSSEX RAILROAD. Line of Road.-Waterloo (M. & E. RR.), N. J., to Franklin, N. J......24 miles. Branch: Newton Junction (12 m. N. Waterloo), N. J., to Branchville, N. J. 7 Sidings, turnouts, etc., 0.5 mile. Gauge 4 feet 8 inches. Rail, 56 lbs. to yard. Rolling Stock.-Locomotive engines, 4. Cars-passenger, 2; baggage, mail and express, 2; and freight (box, 4; stock, 3; and platform, 16), 23-total, 27 cars. Also, 3 service cars. Operations for the year ending December 31, 1869.-Trains run, about 40,000 miles. Gross earnings (on 12 miles), $79,887; and operating expenses, $61,887; nett earnings, $18,000. Interest on bonds paid, $12,500; dividends, 3 p. c., $7,750. General Balances.-Capital stock, $258,139; and funded debt, 1st mortgage 6 p. c. bonds, $200,000. Per contra: Cost of road and equipment, $459,944. Directors (elected June 23, 1869).—John I. Blair, Blairstown, N. J.; Joseph H. Scranton, Scranton, Pa.; Moses Taylor, William E. Dodge, Samuel Marsh and John Lynn, New York City; S. T. Scranton and Charles Scranton, Oxford, N. J.; Martin Ryerson, Newton, N. J. JOHN I. BLAIR-President.. Blairstown, N. J. and LOUISIANA AND MISSOURI RIVER RR. (in Progress). Line of Road.-Louisiana (Mississippi R.), Mo., to Kansas City, Mo...210 miles. Branch: Mexico (51 m. W. Louisiana), Mo., to Jefferson City, Mo... 47 ...257 miles. Total length of main and branch line as projected.............. Capital authorized, $10,000,000; subscribed by counties, towns, etc., $2,632,900; paid in, January 1, 1870, $336,406 51. Funded debt authorized, 1st mortgage 8 per cent. bonds, $20,000 per mile. Directors (elected May 3, 1869).-J. E. Carstarphen, William C. Orr, S. W. Buckner and Robert A. Campbell, Louisiana, Mo.; W. D. H. Hunter and N. Lackland, Mexico, Mo.; John P. Sebree, Fayette, Mo.; William Kong and Daniel M. Tucker, Fulton, Mo.; Charles W. Samuel, Hibernia, Mo.; Edward Winson, Lexington, Mo.; John P. Strother, Marshall, Mo.; and Sam. L. Sawyer, Independence, Mo. ROBERT A. CAMPBELL-President.... N. Lackland- Vice-President.......... Louisiana, Mo. Treasurer-J. Sam. Brown.. .Louisiana, Mo. | Auditor-William F. Colton... .Louisiana, Mo. PRINCIPAL OFFICE AND ADDRESS.. CONGRESSIONAL LAND GRANTS FOR RAILROADS, ETC. In 1850 Congress established a precedent, in the case of the Illinois Central and Mobile and Ohio Railroads, of granting to States, in aid of construction of railroads, upon specified routes, six alternate sections of public lands of 640 acres each (and equaling 3,840 acres to the mile), to be taken by the odd numbers within six miles of the line of the road proposed. In case such a number of sections of odd numbers of public lands could not be found within six miles of such line (in consequence of the previous sale or reservation of the same by the Government), then the grant was to be enlarged so as to apply to the odd sections within 15 miles of the line, on either side, so as to make up the full amount intended to be granted. Many of the grants were subsequently further enlarged, so as to apply to sections of odd numbers within 20 miles of the line. Upon the sections of public lands of even numbers within the limits of the grant, the price at which it was to be sold was raised from $1 25 to $250 to the acre. |