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The capital stock was increased during the year 1868–69 by convertions of mortgage loan, 640 shares, $32,000 and by the issue of new stock, 8,091 shares $404,550The new stock was issued for the purchase of securities of connecting railroads and for paying off the floating debt incurred on account of second track, the Susquehanna Bridge and the Port Deposit Branch. The lowered condition of the revenue balance is caused by depreciation in the value of the company's property (including the reduction of the stock of the Newcastle and Frenchtown RR. from $744,425 to $150,000), and charging the same to profit and loss.

General Balances.-Condensed ledger sheet of October 31, 1869 :

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Directors (elected January 10, 1870).-Samuel M. Felton, William Sellers and Samuel Welsh, Philadelphia, Pa.; Jesse Lane, Joseph Bringhurst and Samuel Harlan, Jr., Wilmington, Delaware; Thomas Kelso, Thomas Donaldson, Thos. Whitridge and S. M. Shoemaker, Baltimore, Md.; Jacob Tome, Port Deposit, Md.; Nathaniel Thayer, Boston, Mass.; Edward Austin, Philadelphia, Pa. Isaac HINCKLEY-President.....

Philadelphia, Pa.
Enoch Pratt- Vice-President....

. Baltimore, Md. Sec. & Treas.-- Alfred Horner.

.Phila., Pa.

Mast. Mechanic-Geo. W, Perry. Wilmington, DelSuperintendent-Henry F. Kenney.

Mast. Transp.-Chas. K. Ide... Philadelphia, Pa. Chief Engineer-S. T. Fuller.

Gen. Tkt. Agt.-G. A. Dadmun. Road Maxt.-Jerem'h Mahoney. Wilmington, Del. Gen. Thro. Fgt. Agt.-J.S.Wilson Supt. Bridges-0. B. Crossman.

Transf. Agts.-Kidder, Peabody & Co. Bost. Mass. PRINCIPAL OFFICE AND ADDRESS..

Broad St., Philadelphia, Pa.

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NEWCASTLE AND FRENCHTOWN TURNPIKE AND RR.

(Owned and operated by Philadelphia, Wilmington and Baltimore Company.)

Line of Road.—Newcastle, Del., to Frenchtown, Md........ .16.19 miles.

The Newcastle and Frenchtown Railroad was constructed in 1830–32. It extended from Newcastle on the Delaware, 35 miles below Philadelphia, to Frenchtown on Elk River, one of the head streams of Chesapeake Bay; and, in connection with the steamboats on the Delaware and those on the Chesapeake, for many years formed a part of one of the principal routes between the North and South. In 1840 the property was merged in the Philadelphia, Wilmington and Baltimore Railroad, by an exchange of stock, and has since been operated as a part of that Company's works ; but, being within the State of Delaware, a separate organization is maintained and separate accounts of operations rendered. Since the completion of the Newcastle and Wilmington Railroad the steamboat connections have been discontinued, and also the road beyond Delaware Junction, leaving but six miles of the original road in use. In 1869 the stock, which was formerly stated at $744,520, was reduced to $150,000, the estimated value of the property, and the difference charged to profit and loss under the head of depreciation. See Philadelphia, Wilmington and Baltimore Railroud. The original cost of the road was $680,824 40.

Operations for the year ending October 31, 1869.-Gross earnings-passenger, $22,875 73 ; freight and express, $53,912 46; mail, $1,048 42—total, $77,836 61. Operating expenses and U. S. taxes, $33,192 58. Nett earnings, $44,644 03. Annual tax and bonus to the State of Delaware and County of Newcastle, $11,000.

Directors, etc.—Same as Philadelphia, Wilmington and Baltimore Railroad. PRINCIPAL OFFICE AND ADDRESS....

Broad St., Philadelphia, Pa.

CENTRAL RAILROAD (and Banking Co.) OF GEORGIA.

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Line of Road.–Savannah, Ga., to Macon, Ga.....

..192 miles.

53 Leased : { Mulledgeville and Eatonton RR. (Gordon to Eatonton). Augusta and RR.

39 Total length of road owned, leased and operated....

.284 miles. Sidings, turnouts, etc., 25.86 miles. Gauge, 5 feet. Rail, 52 to 60 lbs. to yard.

Rolling Stock.—Locomotive engines, 52. Cars—passenger, 1st class 27, and 2d class 23; baggage, 23; freight, 656—total, 729 cars.

Operations (year ending November 30, 1869).—Trains run, 974,915 miles. Cars run (loaded, 7,082,439 ; unloaded, 1,242,724), 8,325,163 miles. Passengers carried, 152,474. Freight moved: cotton (through, 260,394 ; way, 93,594 to Savannah; from Macon and stations to Augusta, 6,592), 360,580 bales; guano, 37,9827 tons; salt, 5,840} tons; lime, 344} tons; yarn, 4,324 bales; domestics, 7,241 bales, etc. Gross earnings-passenger, $418,564 79; mail, $26,925; freight, $1,802,429 99—total, $2,247,919 78. Operating expenses, including taxes, $1,323,210 02 ; rent of Augusta and Savannah RR., $73,000; of Milledgeville and Eatonton RR., $14,000; contingent expenses, $19,050. Total current expenses, $1,429,260 02. Nett earnings, $818,659 76 ; from which were disbursed interest on bonds, $54,950; dividends, June and December, 5 per cent. each, and U. S. tax, $490,014, leaving a surplus of $273,695 76.

General Balances.-Statement from ledger account of December 1, 1869 :

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Statement of financial condition and results of operations for three years before and three years after the war:

Miles of Road.

Earnings.

Dividends.

Fiscal
Years. Own'd Leased

Capital Funded Float'g Cost of
Stock. Debt. Debt. Road, etc.

p.

Gross.

Nett.

Amount,

1856-57 1857-58 1858-59

192
192
192

39
39
39

$3,750,000 $191,767 $18,375 $3,770.024 $1,122,644 85 $542,310 22 $337,500 00 9
3,750,000 158,767 24,755 3,783,450 1,353,722 31 812,595 62 399,595 00 10
3,750,000 106,207 22,826 3,783,061 1,033,947 84 898,731 21 600,000 00 15
4,666,800 786,000 22,421 4,512,508 2.229.947 88 776,807 47 590,014 00 12
4,666,800 786,000 35,018 4,512,508 2,008,721 31 637.656 21 588,016 80 12
4,666,800 786,000 23,697 4,703,877 2,247,919 78 818,659 76 490,014 00 10

1866-67
1867-68
1868-69

192
192
192

92
92
92

Directors.-William M. Wadley and Andrew Low, Savannah, Ga. ; William B. Johnson, Macon, Ga.; J. F. Gilmer, John B. Wilder, Edward Padelford, George W. Anderson, John Cunningham and George W. Wylley, Savannah, Ga. WILLIAM M. WADLEY—President....

Savannah, Ga. Gen. Supt.-William Rogers .Savannah, Ga. Master Mach'y-B. L. Boulincau... Savannah, Ga. Treasurer--H. C. Cunningham

Mast. Car Builder-C. C. Millar... Bookkeeper-Edward McIntyre....

Forwarding Agt.-J. F. Waring... Auditor-B. T. Cubbidge...

Road Master-G. W. Scattergood.. . . Macon, PRINCIPAL OFFICE AND ADDRESS..

Savannah, Ga.

AUGUSTA AND SAVANNAH RAILROAD.

(Leased to and operated by Central Railroad Company of Georgia.)

Line of Road.- Millen (79 m. W. Savannah), Ga., to Augusta, Ga.....53 miles. Rent paid by Central Railroad Company, $73,000 per annum. Capital stock, $ 733,700 ; bonds, $129,500. Cost of road, $1,032,200. WILLIAM M. WADLEY-President..

Savannah, Ga. PRINCIPAL OFFICE AND ADDRESS.

Savannah, Chatham Co., Ga.

MILLEDGEVILLE AND EATONTON RAILROAD.

(Leased to and operated by Central Railroad Company of Georgia.)

Line of Road.-Gordon (170 m. W. Savannah), Ga., to Eatonton, Ga...39 miles.

It is proposed to extend this road from Eatonton to Madison (104 m. W. Au. gusta), on the Georgia Railroad, a distance of 14 miles. Rent paid by Central Railroad Company, $14,000 per annum. WILLIAM M. WADLEY-President..

.... Savannah, Ga. PRINCIPAL OFFICE AND ADDRESS.

Savannah, Chatham Co., Ga.

BOSTON, CLINTON AND FITCHBURG RAILROAD.

(Consolidation July 1, 1869, of Boston, Clinton and Fitchburg and Fitchburg and

Worcester Railroad.)

Line of Road.-South Framingham, Mass., to Fitchburg, Mass.. .41.62 miles. Branch: South Marlboro, Mass., to Marlboro, Mass....

1.25 Total length of main and branch railroad owned by Company.......42.87 miles. Sidings and other track, 6.35 miles. Gauge, 4 feet 84 in. Rail, 50 to 56 lbs. to yard.

Rolling Stock (December 1, 1869). — Locomotive engines, 8. Cars—passenger, 12; baggage, etc., 6; merchandize, 125–143. Also, 14-26ths of 37 cars owned conjointly with the Worcester and Nashua Company.

Operations for the year ending November 30, 1869.-Including the Fitchburg and Worcester RR. from July 1, 1869.— Trains run-passenger, 103,743; freight, 39,496 ; other, 2,000—145,239 miles. Passengers carried, 271,242; travel, 3,203,639 miles. Freight moved, 77,314 tons; transportation, 1,998,561 miles. Men employed, 152. Gross earnings--passenger, $106,219 08; freight, $105,565 48; mail, $2,431 84; rents, $4,571 02-$218,787 42. Operating expenses, $154,590 47. Nett earnings, $64,196 95. Interest, $29,173 06; dividend on guaranteed stock, 6 per cent., $3,600; undivided surplus, $31,423 89.

General Balances (December 1, 1869).—Capital stock-common, 8,126 shares, $812,600; guaranteed, 600 shares, $60,000—8,726 shares, $872,600 ; funded debtagricultural branch 1st mortgage 6 per cent. bonds, due July 1, 1884, $400,000, and equalization 6 per cent. bonds, issued to stockholders of F. & W. RR. Co. on con-, solidation, $248,000—$648,000; floating debt, $104,954 56; surplus income, $31,650 79.

Per contra : Cost of road and rolling stock, $1,348,258 05; fuel, $11,000; cash and loans, $23,607 01; profit and loss, $274,340 29—total, $1,657,205 35.

Directors.-Lyman Nichols and Nath. Thayer, Boston, Mass.; Cyrus Gale, Northboro', Mass.; E. A. Harris, Clinton, Mass.; F. B. Fay, Lancaster, Mass.; H. Bliss, Worcester, Mass.; Wm. D. Peck, Sterling, Mass.; John H. Lockny, Leominster, Mass.; George A. Torry, George E. Town, Hale W. Page and H. A. Blood, Fitchburg, Miss. LYMAN NICHOLS-President......

. Boston, Mass. Treas. & Sec.-H. F. Coggshall. Fitchburg, Mass. Mast. Transp.-E. J. Grossman. Fitchburg, Mass. Gen. Supt.-H, A. Blood

Gen. Tkt. Agent--E. A. Brown.. Road Master-Charles Birgham.

Gen. Freight &

S. A. Webber, Mast. Mach'y-J. N. Webster...

Purchasing Agt. Mast. Car Rps.-Samuel Sternes.

Transf. Ağt.-H. F. Coggshall... PRINCIPAL OFFICE AND ADDRESS..

Fitchburg, Mass. Transfer Office......

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RENSSELAER AND SARATOGA RAILROAD.

(This road is made up of the following consolidated lines, viz.: Rensselaer and Sara

toga, Saratoga and Whitehall, Rutland and Whitehall, Troy, Salem and Rutland, Saratoga and Schenectady, and Albany and Vermont; the two latter are leased lines. The Glen's Falls branch was opened in 1869.)

Line of Road.—Troy, N. Y., to Lake Champlain, N. Y........ 71 miles.

Junction (6 m. N. Troy), to Albany, N. Y...... 12 Other Lines Balston (25 m. N. Troy), to Schenectady, N. Y.. .15

and Fort Edward (49 m. N. Troy), to Glen's Falls, N. Y..... 6 Branches : Whitehall (71 m. N. Troy), to Castleton, Vt...... .15

Eagle Bridge (23 m. N. Troy), to Rutland, Vt....... .62—110

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Total length of lines owned and operated..

181 miles. Sidings, turnouts, etc., 27 miles. Gauge, 4 ft. 84 in. Rail, 58 to 60 lbs. to yard.

Rolling Stock (October 1, 1869).—Locomotive engines, 34. Cars-passenger, 56; baggage, mail and express, 17; freight, including coal cars, 720—total, 793.

Operations for the year ending September 30, 1869.— Trains run-passenger, 279,481 ; freight, 300,878; other, 57,462—total, 637,821 miles. Passengers carried, 591,448 ; travel, 16,458,686 miles. Freight moved, 384,333 tons; transportation, 30,164,875 miles. Gross earnings-passenger, $637,774 10; freight, $816,365 48; mails, etc., $95,681 50—$1,594,001 89; other, $14,180 18. Current expenses, including $74,984 22 for U. S. and local taxes, $1,089,755; nett earnings, $504,246 89. Law expenses, insurance, etc., $20,155 16 ; lease-rents, $77,442; interest, $98,697 56 ; dividends, 7 p. c., $210,000 ; balance, $97,952 17.

Statement of gross receipts of the roads composing the consolidated line for eight years :

1862. 1863.

.$566,074 41 1864.

712,801 05 1865

$966,608 56 1866.
1,095,919 45 1867.

.$1,301,922 69 1868.

1,423,000 43 | 1869.

$1,514,869 75 1,594,001 89

General Balances (October 1, 1868).-Capital stock, $3,000,000; funded debtRensselaer and Saratoga Railroad 1st mortgage 7 p. c. bonds, due July 1, 1873, $150,000; 2d mortgage 7 p. c. bonds, due July 1, 1880, to 1887, $450,000 ; Saratoga and Whitehall Railroad 1st mortgage 7 p. c. bonds, due March 1, 1886, $400,000; Troy, Salem and Rutland Railroad 1st mortgage 7 p. c. bonds, due May 1, 1890, $500,000 ; bonds to city of Troy, $69,750—total funded debt, $1,569,750 ; bills payable, $10,363 58 ; consolidation account, $1,701,050 67; leased rolling stock account, $70,478 17; surplus account, $461,647 41.

Per contra : Construction account, $5,814,900 73; work not yet finished, $73,458 22; fuel and materials, $305,983 10; Troy Union RR. stock, $125,000; Champlain transportation stock, $353,662 50; bills receivable, $22,976 65; sundry balances, $69,181 66; cash, $48,126 97.....

Total, $6,813,289 83.
Directors (elected June, 1869).-George H. Cramer, Troy, N. Y.; Cornelius Van-
derbilt, New York City ; Benjamin E. Bates, Boston, Mass. ; Daniel S. Miller, New
York City; Joseph M. Warren, George B. Warren, George M. Tibbits, E. Thompson
Gale, John A. Griswold, J. L. Van Schoonhoven, William Howard Hart, Thomas
White and William A. Shepard, Troy, N. Y.
GEORGE H. CRAMER-President......

Troy, N. Y.
Joseph M. Warren-- Vice-President....
Treas. and Sec.-H. C. Lockwood..... Troy, N. Y. Gen. Tkt. Agt.-O. N. Crandell...

. Troy, N. Y. Superintendent-I. V. Baker..

Gen. Fgt. Agt.-H. S. Marcy. Master Mechanic-W. B. Gage..

Transfer Agt.-U. S. Trust Co.... New York City. PRINCIPAL OFFICE AND ADDRESS..

Troy, N. Y.

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FITCHBURG AND WORCESTER RAILROAD.

(Consolidated July 1, 1869, with the Boston, Clinton and Fitchburg Railroad.)

Line of Road.–Fitchburg, Mass., to Sterling (Worc. and Nashua RR.).. 13.99 m. Sidings and other track, 3.91 miles. Gauge, 4 feet 84 inches. Rail, 54 lbs. to yard.

Rolling Stock (July 1, 1869). —Locomotive engines, 3. Cars-passenger, 4; baggage, 2–6. Also, 14-26ths of 37 cars owned with Worcester and Nashua Company.

Operations for seven months ending June 30, 1869.—Trains run-passenger, 19,791, and freight, 7,824—27,615 miles. Passengers carried, 59,874; travel, 716,391 miles. Freight moved, 31,445 tons; transportation, 387,870 miles. Gross earningspassenger, $17,129 03 ; freight, $27,509 10 ; mail, $816 67; rent to January 1, 1869, paid by B., C. & F. RR. Co. $9,498 52—$54,951 32. Operating expenses, $69,205 52. Deficit, $14,254 20. Interest, $1,490 02. Dividend, 6 p. c., $14,877.

General Balances (July 1, 1869).-Capital stock, 2,480 shares, $248,000. Per contra: Cost of road, etc., $275,000; real estate, $115,916 07.

See Boston, Clinton and Fitchburg Railroad.

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