The "funded debt" outstanding December 31, 1869, was composed of the following issues: + Maryland State loan (irredeemable). Guaranteed by City of Baltimore. To include and absorb all previous loans, except the $1,500,000 due State of Maryland. Dividends hereafter will be payable semi-annually, May and November. Directors (elected February 24, 1870).-William Colder, Harrisburg, Pa.; A. E. Kapp, Northumberland, Pa.; Henry Welsh, York, Pa.; Edward C. Biddle and John M. Kennedy, Phila., Pa.; S. M. Shoemaker, Baltimore, Md.; Jacob P. Jones, Edmund Smith and Wistar Morris, Philadelphia, Pa.; George Small and B. F. Newcomer, Baltimore, Md.; Thomas A. Scott (vice J. D. Cameron), Philadelphia, Pa. J. D. CAMERON-President.. J. N. Du Barry-Vice-President.. Baltimore, Md. 66 Treasurer-John S. Leib. Harrisburg, Pa. ་་ Master Mach.-C. M. Lewis. Baltimore, Md. PRINCIPAL OFFICE AND ADDRESS... PHILADELPHIA AND ERIE RAILROAD. (Leased for 999 years from February 1, 1862, to Pennsylvania Railroad Company.) Line of Road.-Sunbury (Susq. Riv.), Pa., to Erie City (L. Erie), Pa...287.6 m Branch: Lewisburg Junction (9 m. W. Sunbury), Pa., to Lewisburg, Pa........... 2.0“ Sidings, turnouts, etc., 86.56 miles. Gauge 4 feet 9 inches. Rail, 56 lbs. to yard. Rolling Stock (owned by lessees).—Locomotive engines, 108. Cars-passenger, 38; baggage, mail and express, 15; freight, 1,857; coal, 52-total, 1,962 cars. Operations for the year ending October 31, 1869: Trains run-passenger, 502,224; freight, etc., 1,771,632-total, 2,273,856 miles. Freight moved—through, 177,157; local, 1,124,884-total, 1,302,041 tons, viz. : anthracite, 359,100; bituminous coal, 64,857; petroleum, 102,762; pig, rail and other iron, 59,207; ores, 18,144; lime and limestone, 22,817; agricultural products, 245,131; merchandize, 51,905; manufactures, 36,774; live stock, 7,455; lumber, 272,112; other, 61,797 tons. Gross earnings-passenger, $672,964 46; freight, $2,507,082 93; mail and express, $55,944 18; other, $26,713 72-total, $3,262,705 29. Operating expenses, including taxes, $2,324,218 25. Nett earnings, $938,487 04. Interest on bonded debt, $869,040 77. Surplus to credit, $69,446 27. Statement of operations and results for eight years: 1861-62. 1862-63. 1863-64. 1864-65. 1865-66. 1866-67. 1867-68. 1868-69. Average Length Oper'd. (162 m.) (202 m.) (251 m.) (2872 m) (2872 m) (2872 m) (2872 m) (2871⁄2 m) 413,472 699,300 1,031,509 2,074,141 2,541,052 2,334,731 2.804,250|| 3,262,705 General Balances.-Capital stock-common, 120,086 shares, $6,004,300; preferred, 48,000 shares, $2,400,000-total, 168,086 shares, $8,404,300; funded debt-1st mortgage 7 p. c. bonds, due October 1, 1877, $1,000,000; 2d mortgage 6 p. c. bonds, due March 31, 1881, $5,000,000; 3d mortgage 7 p. c. bonds, due July 1, 1888, $3,000,000 ; 4th mortgage 6 p. c. bonds, due July 1, 1920, $3,598,000-total, $12,598,000; floating debt, $40,794. Per contra: Cost of road, etc., $19,391,972 24. Statement of financial condition for eight years: Capital stock.. Floating debt.... 10,500 2,000 4,822,459 5,010.944 5,013,054 5,069,450 5,083,700 5.996,700 6,004,200 6,004,300 6,981,000 8,528,000 9,940,000 13,000,000 13,000,000 13,000,000 13,000,000 12,598,000 157,739 80,181 600 22,473 328,633 40,974 Total 11,961,198 13,619,125 14,963,554 18,071,450 18,083,300 19,019,173 19,328,833 18,643,274 Per contra: Cost of construction, etc. : Railroad, etc.... 12,129,857 13,930,319 15,760,623 17,682,706 17,869,733 19,014,865 19,350,998 19,391,972 The accounts stated in the reports published by the Pennsylvania RR. Co., as lessees, will be found under the exhibit of that corporation. See Pennsylvania RR. Directors.-Edward F. Gay, J. Edgar Thomson, H. During, Samuel T. Bodine, Washington Butcher, Jacob P. Jones, John M. Kennedy, Henry D. Moore, Charles F. Norton, Joseph W. Gaskill, Josiah Bacon, Wistar Morris, and J. Alex. Simpson, Philadelphia, Pa. EDWARD F. GAY-President.. Philadelphia, Pa. Sec. and Treas.-Geo. P. Little.. Philadelphia, Pa. | Gen. Supt.-Alfred L. Tyler.............. . Erie, Pa. .Philadelphia, Pa. LEAVENWORTH, ATCHISON AND NORTH-WESTERN RR. Line of Road.-Leavenworth, Ks., to Atchison, Ks......... Gauge of track, 4 feet 9 inches. Weight of rail, 56 lbs. to yard. .22 miles. Rolling Stock.-Locomotive engines, 4. Cars-passenger, 6; baggage, etc., 4— total, 10 cars. Operated by the Company only since December 27, 1859. Capital paid in, $600,000. No bonds have been issued. Directors (elected January 7, 1870).-Lucien Scott, M. H. Insley, A. Caldwell, L. I. Smith, Levi Wilson, P. G. Lowe, C. B. Brace and Wm. A. Martin, Leavenworth, Ks.; Henry Kuhn, Fort Leavenworth, Ks.; H. L. Newman, Mathew Ryan, Thomas Denny and David Shire, Leavenworth, Ks. (Operated conjointly with the Camden and Amboy and New Jersey Company's RR.) Line of Road.-Kensington (Philadelphia), Pa., to Morrisville, Pa...26.50 miles. Second track, 26.5; sidings, 9.27 miles. Gauge, 4 ft. 10 in. Rail, 60 to 62 lbs. to yd. Leased and operated: Connecting RR. (Phila. & Tren. RR. to Penna. RR.).6.78 miles. Rolling Stock.-Furnished by the Camden and Amboy Railroad Company. Operations for the year ending October 31, 1869 : Passengers carried-through, 734,771; way, 365,796-total, 1,110,567. Gross earnings-passenger, $938,836 16; freight, $91,456 73; mail and express, $14,217 05; other, $33,048 99-total, $1,077,558 93. Operating expenses, including taxes, $803,479; interest, $6,480; dividends, January and July, 5 p. c. each, $125,910; renewals, $61,134 24; carried to surplus, $80,555 69. Statement of operations and results for seven years: Interest. 12,276 12.117 11,946 5.892 Dividends Miscellaneous.. Balance.. 11.9401 12,180 6,480 (10)99,920 (10)99,920 (10)99,920 (5)51,935* (10)109,885 (10)117.905 (10)125,910 89.836 149,926 169,896 111,312 107,720 61.134 49,976 50,537 21,145 59,068 80,556 151,952 113.992 * Also ten per cent. in stock, $99,920. General Balances.-Capital stock, 12,591 shares, $1,259,100. Cost of road, etc., $1,436,338 41; real estate, $339,675 97. Directors.-Vincent L. Bradford, William H. Hart, Charles Macalister, William H. Gatzmer, William S. Freeman and Asa J. Fish, Philadelphia, Pa.; John G. Stevens and Benjamin Fish, Trenton, N. J.; John M. Read, Philadelphia, Pa.; Al bert M. Markley, Camden, N. J.; Ashbel Welch, Lambertville, N. J.; G. Morris Dorrance, Bristol, Pa. (Consolidation March 1, 1868, of Oil Creek, Franklin and Warren, and Farmers' RR.) Line of Road.—Corry (All. & Gt. Wtn. RR), Pa., to Irvineton, Pa.............95 miles. Cherry Run Branch, 3.5 m. Third rail 45 22.5 m. Sidings and turnouts, 21.5 m. Gauge on 45 m., 4 ft. 9 in. and 6 ft; on 50 m., 4 ft. 9 in. Rail, 50, 56 and 60 lbs. to yd. Rolling Stock.-Locomotive engines, 28. Cars-passenger, 16; baggage, mail and express, 5; freight, 314-total, 347 cars. Operations for the year ending October, 31, 1869 : Trains run-passenger, 160,096; freight, 245,914-total, 406,010 miles. Passengers carried, 449,970. Freight moved, 657,039 tons, viz.: coal, 111,503; petroleum, 447,315; iron and castings, 10,614; lime, etc., 991; agricultural products, 7,699; general, 27,844; lumber, 24,196; other, 26,877 tons. Gross earnings-passenger, $246,681 12; freight, $1,728,433 06; mail, express and telegraph, $21,883 81; other, $17,429 35-total, $2,014,427 34. Operating expenses and taxes, $1,090,862 56. Nett earnings, $923,564 78; from which were paid: interest, $219,475; dividends quarterly, each 24 p. c., $425,945; renewals and improvements, $122,800 27; surplus fund, $155,344 51. General Balances.-Capital stock, 85,189 shares, $4,259,450; funded debt-1st mortgage 7 p. c. bonds, due February 1, 1896, $1,500,000; due April 1, 1882, $580,000; due June 1, 1871, $200,000; 2d mortgage 7 p. c. bonds, due November 1, 1871, $71,000; consolidated mortgage 7 p. c. bonds, due May 1, 1888, $819,000-total, $3,170,000; surplus fund, $329,787 83. Per contra: Cost of property (railroad, $6,830,157 72; equipment, $830,232 36), $7,660,390 08; real estate, $45,000. Directors.-Edward F. Gay, Thomas A. Scott, Charles B. Wright, W. S. Lane and John M. Kennedy, Philadelphia, Pa.; Charles K. Lee, Silver Creek, N. Y.; Alex. S. Diven, New York City. Line of Road.-Cornwall, Pa., to Union Canal, Pa....... Sidings, 2.88 miles. Gauge, 4 ft. 8 inches. Rail, 50 and 64 lbs. to yard. Rolling Stock.-Locomotive engines, 3. Freight cars, 60. .7.72 miles. Operations for the year ending October 1, 1869.-Freight trains run, 12,000 miles. Freight moved-anthracite, 52,482; pig iron, 25,569; iron and iron ores, 150,783; lime and limestone, 9,965; other articles, 1,185-total, 239,985 tons. Gross earnings, $77,965 32. Operating expenses and taxes, $38,870 71. Nett earnings, $39,094 61; dividends January and July, each 7 p. c., $39,900. General Balances.-Capital stock, 6,000 shares, $300,000. Cost of road, $316,601 37; of equipment, $62,279-total, $378,880 37. Directors.-A. Wilhelm, Lebanon, Pa.; Samuel Small, York, Pa.; D. S. Hammond, John W. Mish and Jacob Weidle, Lebanon, Pa. (Name changed from Union Pacific (E. D.), RR. by joint resolution of Congress, March 3, 1869.) Line of Road.-Kansas City, Mo., to Denver, Colorado.... Branch: Lawrence, Ks., to Leavenworth, Ks....... Length of road not completed, but in progress March 1, 1870........144 miles. Between Kit Carson and Denver the work is under contract and it is expected that the entire line will be completed by October, 1870. The acts of Congress incorporating the Union Pacific Railroad Companies, approved July 1, 1862, and July 2, 1864, authorized the construction of this road (under the name of the Union Pacific Railway, Eastern Division) from the Missouri River at the mouth of the Kansas River via Fort Riley and the valley of the Republican River to a junction with the Union Pacific Railroad at the 100th meridian. The point of junction was to be made between the north margin of the Platte Valley and the south margin of the Republican Valley. The bonds and lands granted by the Government to aid in the construction of this road were the same in amount as those authorized for the Union Pacific Railroad east of the Rocky Mountains: $16,000 in bonds and 12,800 acres of land for every mile of road, the lands being alternate odd numbered sections of twenty miles on each side of the road. The grant of bonds and lands was made direct from the General Government to the Railway Company. By an amendment to the original act, approved July 3, 1866, this Company were relieved from the obligation to connect with the Union Pacific Railroad on the 100th meridian, and authorized to change the general line of their road westwardly from Fort Riley, on the condition that they should only receive the same amount of bonds from the United States to aid in the construction of their line of road that they would have been entitled to if they had connected with the Union Pacific Railroad on the 100th meridian as was originally required; and that they should join the Union Pacific Railroad at a point not more than fifty miles westwardly from the meridian of Denver in Colorado. The Company have accordingly followed the gen |