$300,000 (without interest), due on the expiration of lease to B. & M. Company. Per contra: Cost of road, etc., $597,386 33. Directors.-Same as those of Boston and Maine Company. PRINCIPAL OFFICE AND ADDRESS.... Boston, Mass. MICHIGAN CENTRAL RAILROAD. Line of Road.-Detroit, Mich., to Chicago, Ill............ 284.8 miles. .329.3 Leased: Joliet and Indiana RR. (Lake Station, Ind., to Joliet, Ill.).....44.5 Second track and sidings, 57.5 miles. Gauge, 4 feet 84 inches. Rail, 56 to 60 lbs. Rolling Stock (June 1, 1862, to 1869, inclusive): Statement of Operations of Company for seven years ending May 31, 1869: 1. MILES RUN BY ENGINES HAULING TRAINS. 2. PASSENGER TRAFFIC-NUMBER AND MILEAGE OF PASSENGERS. 462,003 190,946 280,2031 387.8721 397,195 348.389 337,599 353,357 64,838 63,239 57,157 66,017 411,628 394,666 419,374 3. FREIGHT TRAFFIC-TONS AND MILEAGE OF FREIGHT. Tons of freight.... Tons one mile: 564,827 542,440 485,275 533,451 578,177 4. FINANCIAL RESULTS OF OPERATIONS. $2,846,560 $3,434,549 $4,145,419 $4,446,491 $4.325,491 $4,470,880 $4,716,292 1,272,360 1,720,125 2,406,149 2,808,376 2,826,777 2,714,546 2,886,943 Nett earnings (profits)...... $1,674.200 $1,714,424 $1,739,274 $1,638.115 $1,498,514 $1,756,334 $1,829,349 Taxes (included above).. 82,386 85,617 91,533 97,060 93,710 104,199 104,475 Condensed Statement of the Income Account for a period of seven years: NETT EARNINGS. 1862-3. 1863-4. 1864-5. 1865-6. 1866-7. 1867-8. 1868-9. Balance, June 1. Total.. $312,194 $772,636 $1,002,894 $708,385 $460,803 $443,450 $582,244 2,947,917 3,417,186 4,121,213 4,451,279, 4,333,705 4,480,230 4,752,224 $3,260,111 $4,189,822 $5,124,107 $5,159,664 $4,794,508 $4,923,680 $5,334,468 PAYMENTS. 1,720,125 2,406,149 2,808,376 1,272,360 (6)389,472 69.986 55,723 95,280 113,381 26,926 37.817 101,188 43.518 21.753 28,385 33,469 46,313 772,636 1,002,894| 708,385 460.803 443,450 582,244 800,033 $3,260,111 $4,189,822 $3,124,107 $5,159,664 $4,794,508 $4,923,680 $5,334,468 Abstract of General Balance Sheets for the same period : $6,057,437 $6,315,906 $6,491,386 $6.982.866 $8.070,666 $8.477,366 $11,197,348 7,999,489 7,740,989 7,565,489 7,463,489 7,268,989 6,968,989 5,153,489 5.393 772,636 Total....... 7.033 $14,834,955 $15,066,822 $14,781,570 $15,188,190 $16,017,543 $16,029,546 $17,151,622 ASSETS. $14,834,955 $15,066,822 $14,781,570 $15,188,190 $16,017,543 $16,029,546 $17,151,622 4,434,000 4,238,000 4,300,500 4,253,500 4,231,500 4,207,000) 3,296,500 Total (as above). $7,999,489 $7,740.989 $7,565,489 $7,463,489 $7,268,989 $6,968,989 $5,153,489 The capital stock has been increased by conversion of bonds, $1,815,500, and by amount of stock dividend, January 1, 1869, $904,400. On the 23d of June, 1869, the Directors declared a dividend of five dollars per share, payable 3d of July next, free of Government tax. Directors (elected 4th Monday in June, 1869).-James F. Joy, Detroit, Mich.; John W. Brooks and Nathaniel Thayer, Boston, Mass.; Erastus Corning, Albany, N. Y.; John M. Forbes, Boston, Mass.; George F. Talman and Moses Taylor, New York City; Sidney Bartlett, Boston, Mass.; and Edward Jones, New York City. Line of Road.-New Haven, Conn., to Williamsbridge, N. Y.......62.29 miles. Second track, 62.25; sidings, etc., 1.57 miles. Gauge; 4 feet 84 inches. Rail, 64 lbs. From Williamsbridge to New York, a distance of 14.50 miles, the trains of the New York and New Haven Railroad are run over the New York and Harlem Railroad under a permanent contract. Steel rails have been laid upon about one-half the length of the New York and New Haven Railroad, and are to be speedily laid upon the whole line. The lease of the New Haven and Northampton Railroad, 55.25 miles, terminated July 1, 1869, and said road is no longer operated by the N. Y. & N. H. RR. Co. Statement of the rolling stock of the Company, yearly, for eight years: At the date of the last report of the Company 10 passenger cars were being constructed for the N. Y & Boston Express line, and 4 for the N. Y. & Boston Shore Line. The number of passenger cars owned in common with the two lines to Boston is 127. Operations for the year ending March 31, 1869.-Trains run (passenger, 610,836; freight, 204,551; construction, 22,786), 838,173 miles. Passengers carried, 2,256,5894; travel, 69,247,430 miles. Freight, 124,955 tons; transportation, 6,736,230 miles. Number of trains (passenger, 9,158, averaging 6 cars and 130 tons each, and freight, 1,674, averaging 16 cars and 255 tons each), 10,832. Of the passengers, 731,618 ordinary and 500,836 commuters passed over the Harlem RR., and 1,024,135 were way passengers beyond said road; and in the aggregate 448,1284 were to and from other roads, and 1,808,461 were local passengers. Freight to and from other roads 64,296, and local 60,659 tons. Gross earnings (passenger, $1,634,834 39; freight, $383,523 86; mail and express, $107,994 97; other, $33,708 39), $2,160,061 61; and operating expenses-including taxes, $160,602 25-$1,322,946 30; nett earnings, $837,115 31. Income account 1868-69: On hand April 1, 1868 (cash, $377,170 59, and materials, $274,934 71), $652,105 30; forfeited stock, $47,900; insurance for loss at N. H. shops, $64,609 89; gain, N. H. & N. (Canal RR.), $3,813 73; increase in accounts payable, $29,664 88; nett earnings, $837,115 31-total, $1,635,209 11. Disposed of as follows: dividends (5 and 5 p. c.), $600,000; coupon interest, $63,570; real estate purchased, $275,779 10; steel rails, amount in excess of cost of new iron, $212,759 55; part cost of bridge at Bridgeport, $43,236 52; new equipment, $38,000 ; retired bond, $1,000; purchase on account N. H. shops, $27,452 03. On hand April 1, 1869 (materials, $258,735, and cash, $114,676 91), $373,411 91. Comparative Statement of the Operations of the Road for the past seven years: 1862-3. 1863-4. 1864-5. 1865-6. 1866-7. 1867-8. 1868-9. 518,810 570,410 652,755 672,576 676,843 827,523 838,173 1.174,171 1.455.155 1.833.575 1.849.915 1.885.898 1.963.791 2,256,589 41,348,675 53,660,428 68,737,307 66,709,592 65,211,107 67,095,090 69,247,430 74,707 94.726 168.369 119.742 127.765 109,025 124.955 4,429,874 5,539,174 6,048,608 6,737,444 7,359,912 6,279,840 6,736,230 75.519 83.053 $801,754 $1,134.897 $1.500.333 $1,548.580 $1,612.638 $1,622.641 $1,634.834 166.614 214.354 263.904 340.017 333.381 321.511 383.524 68,068 93,614 122,239 271,355 141,703 $1,036.437 $1,424,772 $1.847.291 $1.982.212 $2.068.260 $2,218.509 $2.160.061 582,341 704.309 1,224,694 1,349,723 1,364,243 1,222,640 1,322,946 $454,096 $720,462 $622,596 $632,489 $704,016 $995,868 $837,115 Condensed Statement of Income Account for same period: CASH RECEIVED. 1862-3. 1363-4. 1864-5. 1865-6. 1866-7. 1867-8. 1868-9. Balance from previous year. $118.643 $242,015 Materials. April 1. 110,000 Allotted stock. Sundries. Increase of accounts Total resources $755,015 $1,042,808 $1,187,003 $2,162,281 $2,562,327 $1,760,629 $1,635,209 $330,410 $166,445 $107,051 $516,736 222,347 362,321 338,998 247,024 1,001,025 995,000 1,000 150 73.276 80.330 11.499 117.260 454,096 720,462 622,506 632,489 704,016 995,868 837,115 $377.140 3.814 274,935 112,500 29.665 Increase of materials.. Cash on hand 2.257 131.832 242,015 320,410 166,445 407.051 516,736 377,170 114,677 Total disbursements... $756,015 $1,042,808 $1,187,003 $2,162,281 $2,562,827|| $1,760,629 $1,635,209 Condensed Statement of General Balance Sheet for same period: Capital stock. 7 p. c. bonds due Dec. 1, '66. Total.... $3,000,000 $3,572,800 $3,619.600 $5,000,000 $6,000,000 $6,000,000 $6,000,000 3,000 2,000 1,068,500 1,059,500 1,059,500 912.000 912.000 912,000 1,088.000 912.000 11,000 1,088.000 223.196 $5,754,362 $6,612,366 $6,810,340 $8,081,181 $8,272,133 $8,008,087. $8,245,274 Total.. $5,754,362 $6,612,366 $6,810,340 $8,081,181 $8,272,133 $8,008,087 $8,245,274 * $428,872 charged off and credited to construction account. The Legislature of the State in 1868 authorized an increase of the capital stock of the Company of $3,000,000, which amount was allotted to the stockholders pro rata, and 25 per cent. of the same called in, for which scrip has been issued. The remaining 75 per cent. will be called in as wanted to meet the expenses of permanent improvements and additions to the road and its equipment. When fully paid the capital stock of the Company will be $9,000,000. Directors.-Wm. D. Bishop, Bridgeport: George B. Carhart, George N. Miller Abraham R. Van Nest, James J. Roosevelt and Wilson G. Hunt, New York; William W. Boardman and Ezekiel H. Trowbridge, New Haven; Jonathan Godfrey, Southport; Nathan A. Baldwin, Milford. PRINCIPAL OFFICE AND ADDRESS.... 27th St., cor. 4th Ave. New York City. VICKSBURG AND. MERIDIAN RAILROAD. Line of Road.-Vicksburg (Mississippi River) to Meridian, Miss......140 miles. Sidings, turnouts, etc., 7.8 miles. Gauge, 5 feet. Rail, 50 to 56 lbs. to yard. Rolling Stock (March 1, 1869).-Locomotive engines 17; cars (passenger 8; baggage, mail, etc., 5; caboose, 4; box, 71; and flat, 58), 144. Operations (year ending February 28, 1869).-Passengers carried, 64,134; freight (including 23,343 bales of cotton and 3,478,000 feet of lumber), 24,992 tons. Gross earnings (passenger, $137,644 61; freight, $163,984 94; express, $4,625 26; Government, $35,500 06; incidentals, $36,014 67; and mail, $12,633 73), $390,403 27. Current expenses, $232,131 38. Nett earnings, $158,272 89. |