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S. B. Worth, Coatesville, Pa.; Edward Betts, Joseph Tatnall, Irene Du Pont, Victor
Du Pont, Evan C. Stotsenburg and Charles Warner, Wilmington, Del.
Hugh E. STEELE— President........

Coatesville, Pa.
Sec. & Treas.. Wm. S. Hilles. Chief Engineer.J. Dutton Steele | Eng. & Gen. Supt. J. C. Sharpless
PRINCIPAL OFFICE AND ADDRESS

.Coatesville, Chester Co., Pa.

PENNSYLVANIA COAL (gravity) RAILROAD.

Line of Road.-Hawley, Pa., to Port Griffith, Pa.....

47.00 miles Branch: Hawley, Pa., to Lackawaxen, N. Y. (leased to Erie Co.)........15.87 Second track, 47; and sidings, 6 miles. Gauge, 4 ft. 34 in. Rail, 36 lbs. to yard.

Equipment.—Stationary engines, 23. Cars-passenger, 4; and freight (box, 14; flat, 26; and horse, 10), 50—total, 54 cars. Also, 2,000 (4-wheel) coal cars.

Operations for the year ending October 31, 1869.—No account of passenger traffic. Freight moved-coal, 1,090,733; merchandize, 2,741 ; lumber, 9,354; and otber, 202—total, 1,103,030 tons. Freight moved in 1861–62, 657,329; in 1862–63, 754,893; in 1863–64, 845,278; in 1864–65, 507,425 ; in 1865–66, 593,403; in 1866-67, 970,958; in 1867-68, 1,055,005 ; and in 1868–69, 1,103,030 tons. Dividends quarterly, February, May, August and November, each 5 p. c. on $3,200,000—$640,000.

General Balances.-Capital stock, 64,000 shares, $3,200,000; funded debt, 1st mortgage 7 p. c. bonds, due August 1, 1881, $592,500; floating debt, $383,000—total stock, bonds and debt, $4,175,500.

Per contra: Cost of road and equipment, $2,000,000. The remaining portion of the capital and debt is used in the coal business.

Directors.—John Ewen, Isaac L. Platt, Wm. F. Havemeyer, Jonathan Thorne, William R. Griffiths, Charles Morgan, John Q. Jones, George L. Brown and E. Judson Hawley, all of New York City. JOHN EWEN— President....

New York City. Secretary.......Edwin H. Mead. | Treasurer ....... George A. Hoyt | Superintendent...John B. Smith PRINCIPAL OFFICE AND ADDRESS.

New York City.

SOUTH MOUNTAIN IRON RAILROAD.

Line of Road.-Carlisle, Pa., to Pine Grove, Pa.......

17.12 miles. Sidings, etc., 1.25 mile. Gauge, 4 feet 9 inches. Rail, 51 lbs. to yard.

Rolling Stock.-Cars—passenger, 1; and freight, 10.

General Balances.-Funded debt, 1st mortgage 6 p. c. bonds, due December 1, 1888, $200,000; and 2d mortgage 7 p. c. bonds, due March 1, 1884, $169,000. Cost of road and equipment, $340,525 08. The Railroad Company has no capital stock, the South Mountain Iron Company having authority under a supplement to their charter to build a railroad by the issue of bonds. The 1st bonds are held by the Cum. berland Valley Railroad Company. HENRY D. MOORE-President......

Philadelphia, Pa. Treasurer-A. Boyd......... .Philadelphia, Pa. / Superintendent-F. C. Arms... Carlisle, Pa. PRINCIPAL OFFICE AND ADDRESS..

.Carlisle, Pa.

SUMMIT BRANCH RAILROAD.

(Lessees of the Lykens Valley Railroad.)

The road owned by this Company is about half a mile in length, extending from the Summit Mines to the Lykens Valley Railroad, which is leased and operated by them. For the use of the Lykens Valley RR. the lessees pay $62,500 a year.

Rolling Stock.-Locomotive engines, 5. Cars-passenger, 1; baggage, 1; and freight, 2. Coal cars are furnished by operators.

Operations for the year ending October 31, 1869.—Passengers carried, 9,803 ; and freight, chiefly coal, 439,690 tons. Gross earnings—passenger, $4,488 08; freight, $226,988 18; and other, $6,673 66—total, $238,149 92. Operating expenses, including taxes, $115,149 42. Nett earnings, $123,000 50. Interest, $18,600; rent of Lykens Valley RR., $62,500; dividends, Jan., 5, and August, 3 per cent., $36,021 20; and miscellaneous, $5,879 30.

General Balances.-Capital stock, 50,045 shares, $2,502,250; funded debt, 1st mortgage 6 per cent. bonds, due July 1, 1870, $273,000; and July 1, 1875, $228,000— total stock and bonds, $3,030,250. Construction, including Lykens Valley RR., (leased), $988,902 37.

Directors.-J. Edgar Thomson, Wistar Morris and E. C. Biddle, Philadelphia, Pa.; George P. Sanger, Boston, Mass.; H. J. Lombaert, Philadelphia, Pa.; and J. D. Cameron and J. N. Du Barry, Harrisburg, Pa. J. N. DU BARRY-President..

Harrisburg, Pa. William B. Fowle-Sec., Treas. and Gen. Manager.... Boston, Mass. PRINCIPAL OFFICE AND ADDRESS.....No. 38 City Exchange, Boston, Mass.

WESTCHESTER RAILROAD.

(Operated under lease by Westchester and Philadelphia Railroad Company.)

Line of Road.-Westchester, Pa., to Intersection (Penn. RR.)..........9 miles. Sidings, etc., 0.5 mile. Gauge, 4 feet 84 inches. Rail, 50 lbs. to yard.

Rolling Stock.–Locomotives, 1. Cars—passenger, 1; freight, 1—total, 2 cars.
General Balances.-Capital stock, $165,000. Cost of road, etc., $202,886 79.
M. B. HICKMAN-President......

Westchester, Pa.
Thomas H. Hall-Secretary and Treasurer.
PRINCIPAL OFFICE AND ADDRESS.. .No. 3,119 Chestnut St., Philadelphia, Pa.

66

ST. LOUIS AND KEOKUK RAILROAD (Projected).

Line of Road. Wentzville (N. Mo. RR) ria Hannibal, Mo., to Keokuk, Ia. .130 m.

The road will start from Wentzville, on the North Missouri RR., 423 miles N. W. from St. Louis, thence to Hannibal, 75 miles, and from Hannibal to Keokuk, 55 miles. For the division from Wentzville to Hannibal the Company have subscriptions of 10 per cent. county bonds to the amount of $700,000, or about $9,000 per mile, or sufficient to grade, bridge and tie the road. For ironing and equipping the road the Company are preparing to issue a 1st mortgage bond. A portion of the road north of Hannibal has been graded by the Mississippi and Missouri River Air Line Company, with which consolidation is intended.

Directors (elected third Monday of May, 1869).—James B. Eads, Josiah Fogg, Levin H. Baker, Isaac L. Garrison, Freeman Barnum, James Duncan, James McKensie, Abraham McPike and Edwin Hayden, St. Louis, Mo.; N. S. Dimmitt, New London, Mo.; W. W. Freeman, Spencersburg, Mo.; and Walton Perkins, Troy, Mo. Josiah Fogg-President.....

.St. Louis, Mo. Abraham McPike— Vice-President.... Secretary-Nathan S. Parker....... St. Louis, Mo. | Treasurer-L. E. Alexander..... St. Louis, Mo. PRINCIPAL OFFICE AND ADDRESS..

St. Louis, Mo.

CHICAGO AND ALTON RAILROAD.

(Successors, October 10, 1862, to St. Louis, Alton and Chicago Railroad Company.)

1

Line of Road.-Chicago, Ill., to East St. Louis, Ill..

.280 miles. Leased: St. Louis, Jacksonville and Chicago RR...

151 Gauge, 4 ft. 87 in. Rail, 56 to 65 lbs. to yard.

The Joliet and Chicago RR., which is included above in the Company's line of road, is leased in perpetuity and virtually owned by the Chicago and Alton Company, which, by the terms of the contract, assumed to pay 8 p. c. interest on the bonds and 7 p. c. dividends on the stock of that Company. The bonds are now being taken up by a sinking fund, which will liquidate the whole issue by July 1, 1882.

The St. Louis, Jacksonville and Chicago Railroad is leased in perpetuity from June 1, 1868, and the road is now operated as the Jacksonville Division of the Chicago and Alton Railroad. The minimum rental is fixed at $240,000 per annum. The rolling stock (15 locomotives, 6 passenger cars, 5 baggage and 183 freight cars) belonging to this Company was purchased by the lessees. The Company are about to extend their road from Delavan to Wenona and Dwight, and for this purpose have executed a 1st mortgage on the line to the extent of $15,000 per mile, the issue to be guaranteed by the Chicago and Alton Company.

Rolling Stock.-Locomotive engines—passenger 20; freight, 47 ; construction, 11 ; switching, 18; wooding 1; paymaster, 1 ; and in shops, average, 10—total, 108, of which 84 are coal-burners and 24 wood-burners. Cars—passenger (incl. 6 smoking, 7 sleeping and 3 dining) 52 ; baggage, 14; express, 7; freight (Blue Line, 25 ; house, 1,137 ; stock, 297 ; platform, 579), 2,038—total, 2,111 cars. Also, 1 wrecking, 1 pay and 3 tool cars.

Statement of engines and cars yearly since reorganization :

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Operations for the year ending December 31, 1869 :

Trains run-passenger, 584,518; freight, 1,435,506; construction, 189,183 ; wood, 31,339; switching, 302,851—total, 2,543,397 miles.

Passengers carried—through—41,701 ; way, 689,852—total, 731,553.
Freight moved—through, 100,522 ; way, 976,356—total, 1,076,878 tons.

Gross earnings—passenger, $1,391,597 43 ; freight, $3,066,143 73; express, $109,324 43; mail, $51,542 48 ; other, $62,954 74-total, $4,681,562 81.

Operating expenses (including $119,639 21 paid for taxes), $2,676,593 09. Nett earnings, $2,004,969 77.

General Income Account.–Balance at credit, January 1, 1869, $984,667 37 ; nett earnings, 1869, $2,004,969 77....

Total, $2,989,637 14. Per contra : Interest on bonds, $270,235; paid sinking funds, $66,000; rent of Joliet and Chicago RR., exclusive of sinking fund, $140,701 59 ; rent of St. Louis, Jacksonville and Chicago RR., $240,000 ; dividends No. 12 and 13, March and September, each 5 p. C., $756,655; U. S. tax on dividends and sinking funds, $42,125 94 ; Joss by fire in 1865, insurance uncollectable, $15,000 ; cost of improvements charged to this account, $907,500 86 ; transferred to supply account, $500,000; balance to credit December 31, 1869, $51,420 75.

Statement showing operations for a series of seven years :

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1862. 1863. 1864. 1865. 1866. 1867. 1868. 1869.
(24 m.) (12 mos.) (12 mos.) (12 mos.) (12 mos.) (12 mos.)'(12 mos.) (12 mos.)

$

$

$ 115,437 736,059 974,519 1,466,757 1,246,296 1,209,706 1,305,570 1,391,597 43 215,467 1,120,448 1,479,659 2,155,152 2,309,499 2,430,008 2,953,629 3,066,143 73

47,378 79,517 154,036 127.290 109,324 43 12,348 81,680 89, 209 27.763 35,475 35,362 47,753 51,512 48

5,611 24,366 63,747 74,398 62,954 74 38,907 83,583 227,067 137,431

Passenger traffic.
Freight
Express
U. S. mail service
Miscellaneous,
Military..

Total gross earnings
Operating expenses...
Profits from earnings..

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372.659 2,621,778 2,770,484 3,840,092 3,695,153 3,892,861 4,508,642 4,681,562 81 162,386 971,840 1,532,106 2,006,575 2,210,536 2,149,128 2,463,182 2,676,593 09 210,273 1,049,930 1,238,578 1,833,517 1,484,000 1,743,733 2,045,460 2,004,969 72

Statement showing the revenue and disbursements for the same years :

1862.

1863.

1864.

1865.

1866.

1867.

1868.

1869.

Surplus, June 1..
Nett earnings.
Divid'ds A. & St. L, stk.
Premiums on bonds sold.

8
143,138 349,742 741,236 1,291,398 1,497,955 924,352 984,667
210,273 1,049,830 1,238,378, 1,833,517 1,484,616 1,743, 733 2,045,460 2,004,970

35,140 45,039 9,398

Total means

210,273 1,202,366 1,623,260 2,619,792 2,776,014 3,241,688 2,969,812 2,989,637

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In February, 1866, a stock distribution was made of one share of common stock to every two shares of stock, preferred and common alike, at the uniform price to holders of $30 per share. This realized to the Company $632,915, which was set apart as a special fund for new work and equipment, and to complete the purchase of the Alton and St. Louis Railroad. This distribution of stock was made to cover earnings diverted to expenditures properly belonging to the capital account. A dividend was declared February 25, 1869, of 20 p. c. in common stock, subject to assessment of 75 p. c. in cash, from which the Company realized $939,673 30, which was expended in improvements. In addition to the above the share capital of the Company has been increased $3,800,000 by an issue to the shareholders of 38,000 new shares of stock, and in ratio of one new share for every two old shares outstanding. For one half of the new issue, that is to say 19,000 shares, $2 50 is to be paid in cash, the balance being paid out of the income account. For the other half of the new shares, 19,000, payment is to be made at their par value in the following man. ner : $25 00 March 1, 1870; $25 00 June 1, 1870; $25 00 September 1, 1870, and $25 00 December 1, 1870. Full certificates were issued March 1, 1870, for 19,000 shares, upon which $2 50 was paid. The certificates for the balance, 19,000 shares, will be issued December 1, 1870. The moneys realized from the sale of stock so issued to be used to acquire additional rolling stock, complete machine shops and improvements of a permanent character, and also to acquire by “lease, purchase or otherwise," at the lowest cost for cash, a railroad now constructed from Dwight, upon the line of this Company, to Wenona, and for extending the same upon the same basis as to cost, to Lacon ; and also to connect the said railroad, so constructed as aforesaid, at some point (to be selected by the Board of Directors) with the St. Louis, Jacksonville and Chicago Railroad, which is now held and operated by this Company under a perpetual lease. The line which it is proposed to purchase and

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