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; loss 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: 285 285 280 280 280 368 431 1,002,440 1,104,197 1,450,280 1,634,115 1,672,965 2,137,580 2,543,397 306,994 424,940 557,316 516,543 531,217 608,874 731,553 386,197 511,012 636,360 750,657 915,682 1,076,878 Statement showing results of operations yearly since reorganization: 1862. 1863. 1864. 1866. 1867. 1865. 1868. 1869. (22 m.) (12 mos.) (12 mos.) (12 mos.) (12 mos.) (12 mos.) (12 mos.) (12 mos.) 12,348 81,680 89,209 38,907 83,583 227,067 115,437 736,059 974,549 1,466,757 1,246,296 1,209,706 1,305,570 1,391,597 43 109,324 43 51,542 48 62,954 74 Miscellaneous.. Total gross earnings Operating expenses... 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 Profits from earnings.. 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: Surplus, June 1... 143,138 349,742 741,236 1,291,398 1,497,955 Divid'ds A. & St. L, stk. 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 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, 1868, 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 manner: $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 construct will be about 112 miles in length, and it is estimated that its nett cost to this Company will not exceed $15,000 per mile. It will traverse the largest coal field in Northern Illinois, and one of the most fertile and productive farming sections of the State. General Balances.-Statement of December 31, 1869: 574 Bonds and stocks unissued. 2,422,696 2,425,576 2,425,576 2,425,576 2,425,400 2,425,400 2,425,400 5,141,800 5,145,072 402,000 356,000 2,400,000 2,400,000 1,100,000 1,100,000 198,000 244,000 134 37,813 37,813 47,813 37,813 37,813 Current accounts... 151,735 77.471 378,296 369,960 342,917 209,242 350,254 349,742 741,236 1,291,398 1,497,955 924,352 984,667 51,421 9,302,415 9,896,568 10,008,224 18,290,904,11,583,307|13,039,934| 12,594,590 334.884 500,000 Per contra: The charges shown in the following statement: Road and equipment... Bonds and stocks unissued. A. & St. L. RR. shares.. Railroad bonds (foreign).. Jol. & Chic. RR. shares. 8,281,639 8,308,919 8,308.919 10,118.522 10,276,604| 11,553,225; 11,587,040 85,000 38,313 37.813 24,800 17,800 173,012 152,623 U. S. securities. Renewal account. 120,000 50,000 Trustees of sinking fund. 575 254 114,900 302,920 187,359 Cash on hand.. 70,329 Total...... 134 9,392,742 9,896,568 10,008,221 12,290,904 11.583,307 13,036,934 12,594,590 Directors (elected 1867, 1868 and 1869).-For term expiring April 1, 1870: John Crerar, Chicago, Ill.; Lorenzo Blackstone, Norwich, Conn.; John J. Mitchell, Alton, Ill.;—for term expiring April 1, 1871: T. B. Blackstone, Chicago, Ill.; James G. Garner, New York City; John B. Drake, Chicago, Ill.-for term expiring April 1, 1872: William F. Weld, Boston, Mass.; John A. Stewart, New York City; Peyton R. Chandler, Chicago, Ill. T. B. BLACKSTONE-President... Secretary and Treasurer-W. M. Larabee. Division Superintendents 1 C. M. Morse. PRINCIPAL OFFICE AND ADDRESS. Chicago, Ill. Superintendent of Machinery-John A. Jackman. General Ticket Agent-Augustus Newman. .No. 55 Dearbon St., Chicago, Ill. JOLIET AND CHICAGO RAILROAD. (Leased January 1, 1864, in perpetuity, to Chicago and Alton Railroad Company.) Line of Road.-Joliet, Ill., to Chicago, Ill..... .37 miles. General Balances.-Capital stock, $1,500,000; and funded debt (1st mortgage 8 p. c. bonds, due 1883, $500,000. Per contra: Cost of road, $2,000,000. The lessees pay 7 p. c. dividends on capital stock and 8 p. c. on the bonds, the latter of which they are buying up through the operation of a sinking fund. The lessees have, to the close of 1869, bought up and canceled $68,000 of such bonds at a cost of $133,783 28. JOHN CRERAR-President...... ....Chicago Ill. Chicago, Ill. ST. LOUIS, JACKSONVILLE AND CHICAGO RAILROAD. (Leased in perpetuity, from June 1, 1868, by Chicago and Alton Railroad Company.) .150 miles. Line of Road.--Godfrey, Ill., to Bloomington, Ill... This Company have issued two series of bonds-a 1st mortgage, dated April 1, 1864, interest 7 p. c., April and October, and principal due April 1, 1894, $2,365,000; and a 2d mortgage, dated May 1, 1868, interest 7 p. c., July and January, and principal due July 1, 1898, $360,000. Capital stock: not given. The Company sold their rolling stock to lessees. The minimum rental agreed upon is $240,000 a year. GEORGE STRAUT-President..... Peoria, Ill. D. B. Howard-Secretary and Treasurer.. PRINCIPAL OFFICE AND ADDRESS.. Jacksonville, Morgan Co., Ill. MARYLAND AND DELAWARE RAILROAD. Line of Road.-Clayton (37 m. S. Wilmington), Del., to Oxford, Md...54 miles. Completed: Clayton, Del., to Easton, Del................... Side track, etc., 2.5 miles. Gauge, 4 feet 8 inches. Rail, 50 lbs. to yard. .44 It is intended that the section between Easton and Oxford shall be completed and in operation April 1, 1870. At Oxford connection will be made with the Chesapeake Bay steamers to and from Norfolk, Va. and Baltimore, Md. Rolling Stock.-Locomotive engines, 4. Cars-passenger, 2; baggage, 1; freight, 9-total, 12 cars. Also, 7 service cars. Other cars are rented from the P. W. & B. Co. The Company refuse to give any financial information. Directors (elected December 8, 1869).—Alexander Hardcastle, Greenboro, Md.; C. W. Huntington, Boston, Mass.; David Knotts, Hillsboro', Md.; J. P. Manlove, Greensboro', Md.; Nicholas Murray, New York City; J. A. W. Powell, Easton, Md.; William Slaughter, Clayton, Del. State Directors, S. Hambleton, Easton, Md.; W. C. Satterfield, Greensboro', Md. T. TILGHMAN-Pesident.. . Easton, Md. Easton, Md. Sec. & Treas.-G. W. Goldsboro... Easton, Md. Road Master-Edward McGuire.. PRINCIPAL OFFICE AND ADDRESS. HANNIBAL AND CENTRAL MISSOURI RR. (in Progress). Line of Road.-Hannibal, Mo., to Moberly (N. Mo. RR.), Mo..........70 miles. Gauge of track, 4 feet 84 inches. Rail, 56 lbs. to yard. The road is more than half graded, and track laying will be commenced in May, so that the road may be opened in the early fall. Arrangements have been made for bridging the Mississippi at Hannibal at a cost of $600,000, and thus connect directly with the Hannibal and Naples Railroad, which was completed in December last, and which is now operated by the Toledo, Wabash and Western Company. Capital stock paid in January 1, 1870, $450,000. The Company have executed a 1st mortgage for $15,000 per mile, bearing date January 1, 1870, having 20 years to run, with interest at 7 per cent., payable semi-annually January and July. Directors (elected in March, 1869.-A. W. Lamb, Josiah Hunt, R. F. “Lakeman, J. F. Hawkins and J. P. Richards, Hannibal, Mo.; D. D. Moss, Millen A. Holliday, Jefferson Bridgeford and David L. Cooper, Paris, Monroe County, Mo. Line of Road.-Phila,, Pa., via Wilmington, Del., to Baltimore, Md..95.95 miles. Branch: Perrysville (Susquehanna River), Md., to Port Deposit, Md..... 3.79 64 Total length of main and branch railroad owned by Company......99.74 miles. Second track, 80.16; sidings, 27.36 miles. Gauge, 4 ft. 8 in. Rail, 50 to 68 lbs. Leased: ..84.50 66 Southwark RR.-Del. Riv. to Broad st. & Wash. ave., Phila.. 2.12 miles. Newcastle & Wilmington RR.-Newcastle, Del., to Wash., Del 5.50 Newcastle & Frenchtown RR.-Newcastle, Del., to Del. Junc. 6.00 Delaware RR.-Junction to Delmar (Md. State line)....... Eastern Shore RR.-Delmar (Md. State line) to Crisfield, Md..38.50 Smyrna Station & Smyrna RR... 1.00 Besides the above mentioned railroads, the whole system of the DelawareMaryland peninsula is intimately connected with the lines of the P. W. & B. Company; as is also the Philadelphia and Baltimore Central Railroad, which, since the completion of the Chester Creek Railroad, has become an important auxiliary. During the year the Dorchester and Delaware Railroad, which, with the Dorchester Branch of the Delaware Railroad, extends from Seaford, on the Delaware Railroad, to Cambridge, in Maryland, a distance of 33 miles, was finished. The Maryland and |