in 1865, $727,538 35; in 1866, $787,434 87; in 1867, $823,786 94; in 1868, $810,448 02, and in 1869, $874,855 13. General Balances.-Abstract of balance sheet of September 30, 1869: Only the first and second mortgage bondholders became beneficiaries of the trust which was established in November, 1853, and under which the road has since been operated. These two classes are represented, the first in the preferred stock and the second in the common stock. The original amount of the R. & B. Company's first mortgage bonds was $1,800,000, and second mortgage, $1,200,000. Of the first bonds $1,012,000, have been converted, leaving $788,000, with coupons and interest, to be converted. The second bonds to the amount of $1,083,000 have been converted, leaving $117,000, with coupons and interest, to be converted. The common stock is fixed at $3,000,000, of which, as above shown, there remains on hand $609,200, any balance of which, after taking up the second bonds, will be applied to the improvement of the property. The issue of the preferred stock is limited to the amount necessary to retire the first bonds. Directors.-John B. Page, Rutland, Vt.; Peter Butler, Edwin A. Birchard, George M. Barnard and George B. Chase, Boston, Mass.; Lawrence Barnes, Burlington, Vt.; James H. Williams, Bellows Falls, Vt. Line of Road.-New York City, N. Y., to East Albany, N. Y.....144.00 miles. Second track, 144 miles, and sidings, turnouts, switches, etc., 26.64.....170.64 ..314.64 miles. Total equivalent single track owned by Company.. Rolling Stock (September 30).—Statement for the years 1861-1869, inclusive: Operations (years ending September 30).-Statement showing the "doings in transportation" and the earnings and expenses, yearly, for the last seven years. 1862-63. 1863-64. 1864-65. 1865-66. 1866-67. 1867-68. 1868-69. 2.906.702 Total train miles.... Passengers carried.. 1,804.812 2,017,843 2,068,245 2,159,267 2,266,743 2,626,303 78,538,189 98,853,821 85,778,513 92,793,027 91,129,722 95,853.332 656,967 601,824 491,855 497.807 581,437 716,263 Miles of transportation... 75,191,270 72,720,351 53,738,444 57,545,439 73,237,023 88,846,929 Tons of freight carried.. 106,998.815 908.955 114,943,123 $1,552,476 $1,921,964 $2,099,952 $2,138,945 $2,025,801 $2,000,475 $2.269.938 07 1,951,045 2,142,301 2,224,030 2,345,612 2,841,258 3,039,126||3,608.804 33 78,381 68,335 128,398 360,969 400,041 534,614 605,715 54 $3,581,902 $4,132,600 $4,452,380 $4,845,526 $5,267,100 $5,574,215 $6,484.457 94 1,782,578 2.584,132 3,138,819 3,090,538 3,213,567 3,793,319 3,770,967 51 $1,799,324 $1,548,468 $1,313,561 $1,754,988 $2,053,533 $1,780,896 $2,713,490 43 The payments to and on account of the Troy and Greenbush and the Troy Union Railroads, are included in the operating expenses. General Income Accounts (years ending September 30).-Statement showing the receipts from all sources and disbursement on all accounts, for seven years: Total receipts.... $3,592,713 $4,124,282 $4,326,800 $4,827,563 $5,111,800 Per contra: Payments (other than for construction), viz. : $5.574,215 $6,556,439 82 3,793,319, 291.307 648.354 594.488 (7) 287,163 (8) 449,287 (6) 441,930 433.093 329,405, (9) 615,427 (8) 572,084) (8) 1,003,880 (8) 1,259,363 00 3,770,967 51 1.095.312 10 350.82933 * 99,298 70,196 Surplus of receipts... $908,770 $43,279 $2,069 $2,540 $1,388 Cash on hand.. Total disbursem'ts. $2.683,943 $4,081,012 $4,324,731 $4,827,563 $5,109,260 Included in transportation expenses. General Balances (September 30).-No balance sheet is published. The follow ing is a statement of capital, bonds and debt, and of cost of railroad, equipment, etc., for the years 1863-69, inclusive: Capital paid in. Total 8,938,750 7,737,689 7,762,840 7,227,460 6,394,550 6,074,960 4,309,220 4,167 1,167 1,167 $4.422,923 $6.218,042 $6,563,250 $6,962,971 $9,981,500 $13,932,700 $16,020,800 1,167 1,167 1,167 1,167 $13,364,940 $13,956,889 $14,327,257 $14,191,598 $16,377,217, $20,008,827 $20,331,187 Under a resolution of a called meeting of the stockholders, held November 30, 1868, the capital stock was increased by $2,100,000, distributed at par, pro rata, and payable on or before January 20, 1869. This issue was made for the purpose of taking up certain bonds maturing in 1869–70. The funded debt outstanding September 30, 1869, was as follows: Under the head of "discounts, etc.," are comprised—the loss in negotiating bonds and loans, commissions paid, interest to stockholders, etc., prior to 1855. Since the close of the last fiscal year, the Hudson River Railroad has been consolidated with the New York Central Railroad. For the terms of the consolidation, see statement of the latter road. Directors (elected June, 1869).—Cornelius Vanderbilt, Wm. H. Vanderbilt, Horace F. Clark, Augustus Schell and John M. Tobin, New York City; D. Thomas Vail, Troy, N Y.; James H. Banker, Oliver Charlick, Wm. A. Kissam, Joseph Harker, M. H. Sanford, Samuel Barton and James M. Marvin, New York City. PRINCIPAL OFFICE AND ADDRESS....No. 470 W. 30th St., New York City. PHILADELPHIA AND BALTIMORE CENTRAL RAILROAD. Line of Road.-W. C. & P. RR., Pa., to Col. & P. D. RR. Junction, Md .46.00 m. Operated: Columbia & Pt. Deposit RR.-Junction to Port Deposit..4.87-12.12 " Sidings, 5.5 miles. Gauge, 4 feet 8 inches. Rail, 50 and 57 lbs. to yard. The trains of this Company use the Westchester and Philadelphia to and from Philadelphia, 18 miles. Rolling Stock.-Locomotive engines, 6. Cars-Passenger, 6; baggage, mail and express, 2; freight, 63—total, 71 cars. More than half of the cars are hired of Philadelphia, Wilmington and Baltimore Company. Operations for the year ending October 31, 1869 : Trains run-passenger, 64,533; freight, 50,191; gravel, 9,500-total, 124,224 miles. Passengers carried, 162,980. Gross earnings-passenger, $99,099 46; freight, $92,696 71; mail and express, $4,130; other, $746 33-total, $196,672 50. Operating expenses and taxes, $187,400 54. Nett earnings, $9,271 96. General Balances.-Capital stock, 4,302 shares, $218,000; funded debt, 1st mortgage 7 p. c. bonds, due January 1, 1891, $800,000; floating debt, $291,686 30— total stock, bonds and debt, $1,309,686 30. Per contra: Construction, $1,345,811 55; equipment, $70,164 16—$1,415,975 71. Financial condition and results of operations for ten years: 1,095,340 87.549 149,218 115,496 33.722 23,423 19.424 9,272 1865-66... 39.00 218.100 800,000 The Phila., Wilm. and Baltimore Railroad Company owns a majority of the capital stock, and hence has a controlling interest in the management. Directors.-S. M. Felton, Isaac Hinckley and R. H. Lamborn, Philadelphia, Pa.; David Woelpper, Chadd's Ford, Pa.; Aaron Baker, Avondale, Pa.; Milton Conrad, West Grove, Pa.; James A. Strawbridge, Elkview, Pa.; G. D. Armstrong, New London, Pa.; Samuel Dickey, Oxford, Pa.; Edwin Hayes, Rising Sun, Md.; Jacob Tome, Port Deposit, Md.; Thomas Donaldson, Baltimore, Md. HENRY WOOD-President and Superintendent......... Philadelphia, Pa. Secretary.....Joseph Huddell. | Treasurer....James R. Ramsey. | Eng. & Asst. Supt..John M. Hood. PRINCIPAL OFFICE AND ADDRESS.. Philadelphia, Pa. OIL CITY AND PITHOLE BRANCH RAILROAD. Line of Road.—Pithole, Pa., to Oleopolis, Pa.... Sidings, 1 mile. Gauge of track, 4 feet 84 inches. Rail, 56 and 62 lbs. to yard. Rolling Stock.-Locomotive engines, 2. Cars-Passenger, 2; baggage, mail and express, 1; freight, 25-total, 28 cars. .7 miles. Operations for the year ending October 31, 1869 (in hands of a Sequestrator): Trains (mixed) run, 9,000 miles. Passengers carried, 5,500. Gross earningspassenger, $2,686 62; freight, $30,590 42; mail and express, $149 07; use of cars, $96— total, $33,522 11. Operating expenses, $24,888 29. Nett earnings, $8,633 82. General Balances-Capital stock, 10,000 shares, $500,000; paid in, $485,000; floating debt, $190,000. Cost of road and equipment, $675,000. Directors.-William Thorp, William Reynolds and J. J. Shyrock, Meadville, Pa.; Thomas B. Porteous and J. J. Vandegrift, Oil City, Pa. Treasurer (for Sequestrator).... .J. R. Campbell. | Superintendent.. W. W. Bronson. .......Oil City, Venango Co., Pa. MEMPHIS AND CHARLESTON RAILROAD. Line of Road.-Memphis, Tenn., to Stevenson, Ala... Branches: {Tuscumbia, Ala., to Florence, Ala......... .272 miles. .13 6- 19 .291 miles. Total length of main and branch lines owned by Company........... At the annual meeting (Aug. 25, 1869), the directors were empowered to lease or purchase the Decherd, Winchester and Fayetteville Railroad, and to build a branch road from Huntsville to intersect that road at such point as the Board might select. Rolling Stock (July 1, 1868).—Locomotives, 54. Cars-passenger, sleeping, 2; 1st class, 24; 2d class, 11; baggage, 7; box, 370; platform, 175; stock, 18; other, 82-total, 602. Operations for the year ending June 30, 1869.—Trains run-passenger, 422,244 ; freight, 286,553; ditching, wood and other, 87,772—total, 816,569. Passengers carried -through, 39,203; local, 195,263; commutation, 27,290—261,756. Cotton carried, 119,639 bales. Gross receipts-passenger, $600,544 37; freight, $478,133 25; mail, $34,371 53; express, etc., $69,710 07-total, $1,182,759 22. Transportation expenses, $781,546 27; nett earnings, $401,212 95. Comparative statement of earnings and expenses for a series of years: Profit and loss account, 1868-69: Nett earnings, $401,212 45; interest abated by Legislature, $77,112 55; error in last account, $180; discount on coupon bonds, $413,562 44; discount on 2d mortgage bonds, $257,247 33; 272 shares Southern Express stock, 27,200; collected from defaulting agent, $500. Per contra: Deficit from last year, $433,673 33; loss, S. & N. Ala. RR., $62,100; notes remitted, $1,577; legislative expenses, $2,200; three engines, scrap, $17,503 21; dividend, 3 p. c., $159,381 75; interest (on State bonds, $88,437 34; and exchange, $3,696 84; on Company bonds, $156,555), $248,689 18; taxes, national and local, $26,038 39; balance, $226,152 41.. Total, $1,177,315 27. General Balances (July 1, 1869).-Capital stock, $5,312,725; funded debt (Tenn. |