In all these years there are large amounts which are properly extraordinary expenses. The train mileage in 1866 was 1,289,806; in 1867, 1,167,204; in 1868, 1,070,496 miles. The cotton transportation in 1866 amounted to 97,581; in 1867 to $141,666; in 1868 to 110,662 bales, chiefly to Mobile. The earnings in 1866 and 1867 were $2 35; in 1868, $2 03 per train mile. Condensed statement of balance sheet December 31, 1868: By agreement of February 4, 1867, the bondholders agreed to fund all arrearage of interest to and including November, 1867, in interest bonds, and all coupons on interest and sterling bonds due in 1868 and 1869 in sterling bonds; the payment of interest on all bonds to be resumed on May 1, 1870. The floating debt, amounting January 1, 1869, to $925,646 48, to be paid from the earnings during this interval. Directors (elected June 17, 1869).—Abraham Murdock, Columbus, Miss.; Charles E. Rushing, Marion, Miss.; A. S. Humphries, Columbus, Miss.; Thomas Brown, Columbus, Ky.; James A. McDearman, Trenton, Tenn.; W. K. Walsh, Jackson, Tenn.; Robert W. Smith, James Crawford, Francis B. Clark, John J. Walker, Peter Hamilton, James M. Muldon, Mobile, Ala.; Freeman Clark, Rochester, N. Y. ABRAHAM MURDOCK-President..... Sec. & Treas.-A. L. Willoughby....Mobile, Ala. Columbus, Miss. Gen. Fgt. & Tkt. Agt.-C. L. Fitch..Mobile, Ala. Mast. Car Rep'rs--J. McHugh. Whistler, J. B. Caves. Jackson, Tenn. . Mobile, Ala. Leased: TROY AND BOSTON RAILROAD. Line of Road.—-Troy (Hudson River), N. Y., to State Line of Vermont.......35 m. Operations for the year ending September 30, 1869: .55 m. Trains run-passenger, 105,292; freight, 74,300-total, 179,592 miles. Passengers carried, 240,634; carried one mile, 4,939,322. Freight moved, 176,037 tons; moved one mile, 4,950,807 tons. Gross earnings-passenger, $208,191 18; freight, $301,135 37; other, $20,353 88-total, $529,680 43. Operating expenses, including taxes, etc., $292,693 27. Nett earnings, $236,987 16-from which were paid, interest, $190,053 99; Government tax, $6,451 64; leases, $25,589 59; balance to credit of profit and loss, $14,891 94. General Balances.-Capital stock, $607,111 22. Funded debt-1st mortgage 7 per cent. bonds, due Jan. 1, 1887, $300,000; 2d mortgage 7 per cent. bonds, due Oct. 1, 1885, $300,000; 3d mortgage 7 per cent. bonds, due May 1, 1875, $650,000; convertible 7 per cent. bonds, due May 1, 1882, $427,000—total, $1,677,000. Floating debt, $425,000-total stock, bonds and debt, $2,709,111 22. Per contra: Cost of road and equipment, $2,296,742 89. Statement of affairs and results of operations yearly for ten years: * The Troy and Boston Railroad Company operated the Western Vermont Railroad 54 miles in length until January 1, 1867, when the lease expired. This, with the other leased roads, made the total operated 109 miles. Since that time the length operated has been only as above, 55 miles. The lease rents of these roads is not included in operating expenses, but made a charge on nett earnings. Directors.-D. Thomas Vail, Daniel Robinson, Jared S. Weed, John H. Willard, Lyman Bennett, Jonas B. Heartt, Joseph W. Fuller, Joseph H. Parsons, Hiram Miller and Samuel L. Vail, Troy, N. Y.; Amos Briggs, Schaghticoke, N. Y.; Lyman Wilder, Hoosac Falls, N. Y.; and R. H. Wells, North Adams, Mass. TROY AND BENNINGTON RAILROAD. (Leased April, 1859, and operated by Troy and Boston Railroad.) Line of Road.-Hoosic Junction (26 miles N. E. Troy) to State Line, Vt.5.38 m. Sidings and other tracks, 0.38 mile. Gauge, 4 ft. 8 in. Rail, 58 lbs. to yard. Rolling Stock and Operations.-Included in lessees' returns. Rent, $15,300 Dividends, two of 3 p. c. each, $4,545. General Balances (October 1, 1869). Per contra: Cost of road, etc., $236,953 37. per annum. LYMAN BENNETT-President.... Capital, $75,400; funded debt, $109,200. .Troy, N. Y. Secretary and Treasurer......... William Gurley. | Engineer and Superintendent.. C. W. Moseley. PRINCIPAL OFFICE AND ADDRESS.. .No. 514 Fulton St., Troy, N. Y. VERMONT SOUTHERN RAILROAD. (Leased and operated by the Troy and Boston Railroad Company.) Line of Road.-New York State Line to Massachusetts State Line.....8 miles. Cost, $200,000. Lease rent, 6 per cent. per annum. This road belongs to the State of Massachusetts, having been purchased from the original proprietors with bonds of that State, issued to the Troy and Greenfield Company, to the amount of $200,000. It forms the connecting link between the line in Massachusetts and the Troy and Boston Railroad. (Leased and operated by Hudson River Railroad Company.) Line of Road.—East Albany (144 m. N. New York) to Troy, N. Y.(double) 6 m. Capital Stock, $274,400 (7 per cent. guaranteed by lessee); cost of road (not ineluding lessee's improvements), $294,908. JOHN L. THOMPSON-President.. .Troy, N. Y. Secretary-John B. Gale... .Troy, N. Y| Treasurer-Philander Wells..... Troy, N. Y. PRINCIPAL OFFICE AND ADDRESS.. No. 51 Third St., Troy, N. Y. SKANEATELES RAILROAD. Line of Road.-Junction (N. Y. Central RR.) to Skaneateles, N. Y.....5 miles. Sidings, etc., 0.34 mile. Gauge, 4 feet 81⁄2 inches. Rail, 58 and 60 lbs. to yard. Rolling Stock.-Locomotive engine, 1. and express, 1; freight, 2-total, 5 cars. Cars-Passenger, 2; baggage, mail Operations for the year ending September 30, 1869.-Trains run, 12,500 miles. Passengers carried, 37,551; carried one mile, 150,000. Freight moved, 17,786 tons; moved one mile, 71,100 tons. Gross earnings-passenger, $9,461 50; freight, $11,470 39; other, $3,059 72-total, $23,991 61. Transportation expenses, $13,318 38. Nett earnings, $10,673 23. General Balances.-Capital stock, $77,800; funded debt, 7 p. c. bonds, $35,000; floating debt, $365-total stock, bonds and debt, $113,165. Per contra: Cost of road and equipment, $121,254 66. Directors.-Joel Thayer, Charles Pardee, L. H. Earll, Anson Lapham, Jacob H. Allen and B. F. Styles, Skaneateles, N. Y.; E. B. Hoyt and H. C. Sherman, Mottville, N. Y. JOEL THAYER-President.... Skaneateles, N. Y. Treas. & Supt.....John McNamara | Secretary........H. J. Hubbard | Engineer........ F. E. Knight. PRINCIPAL OFFICE AND ADDRESS.. Skaneateles, Onondaga Co., N. Y. NEW BEDFORD AND TAUNTON RAILROAD. Taunton, Mass... Line of Road.-New Bedford, Mass., to .20.13 miles. Harbor Branch, 1.46; sidings, etc., 1.35 mile. Gauge, 4 ft. 8 in. Rail, 50 lbs. [This Company also own the Fairhaven Branch, extending from West Wareham Junction to Fairhaven, 15.11 miles, the operations of which are given separately]. Rolling Stock (December 1, 1869).—Locomotive engines, 6. Cars-passenger, 12; baggage, mail and express, 7; merchandize, 91-110; also 4 gravel cars. Operations (year ending November 30, 1869).-Trains run-passenger, 60,110; freight, 14,883-total, 74,993 miles. Passengers carried, 224,562; travel, 3,408,946 miles. Freight moved, 70,583 tons; transportation, 770,715 tons. Earnings-passenger, $125,483 16; freight, $72,023 20; mail, $1,537 50; rents, $504 39; interest, $614 29; earnings of Fairhaven Branch, $4,767 46-total, $204,930. Current expenses, including taxes and insurance, $16,441 39, $148,723 96; nett earnings, $56,206 04. Dividends, 8 p. c., $40,000; surplus, $16,206 04. General Balances (December 1, 1869).-Capital stock, 500,000; funded debt, 1st mortgage 6 p. c. bonds of 1861, due July 1, 1881, $172,500; surplus income, $119,163 41. Per contra: Cost of road, $454,071 45; of equipment, $45,928 55; real estate, $6,095 47; fuel and supplies, $8,996 29; Fairhaven Branch, slips, wharves, etc., $264,708 93; sundry balances, $11,862 72. Total, $791,663 41. Directors (elected February 7, 1870).—Joseph Grinnell, Thomas Mandell, Ward M. Parker, Thomas S. Hathaway, David R. Greene, George Howland, Jr., and Chas. L. Wood, New Bedford, Mass. FAIRHAVEN BRANCH RAILROAD. (Owned and operated by New Bedford and Taunton Railroad Company.) Line of Road.-West Wareham Junction to Fairhaven, Mass.......15.11 miles. Sidings, etc., 0.68 mile. Gauge, 4 feet 8 in. Rail, 56 lbs. to yard. Rolling Stock (December 1, 1869).-Locomotive engines, 2. Cars-passenger, 5; baggage, 2; freight, 49-51. Also, 7 gravel cars. Cost of road and equipment, $234,659 62; of wharves, ferry-boat, etc., $30,049 31 -total, $264,708 93-paid for in bonds, $172,500, and from surplus earnings, $92,208 93. Operations for the year ending November 30, 1869.-Trains run-passenger, 20,502; freight, 11,176-31,678 miles. Passengers, 57,794; travel, 687,105 miles. Freight, 32,169 tons; transportation, 500,169 miles. Gross earnings-passenger, $35,372 43; freight, $18,356 54; mail, $1,340 45-$55,069 42. Operating expenses, including taxes, etc., $39,951 96. Nett earnings, $15,117 46. Interest on bonds ($172,500), $10,350; surplus carried to N. B. & T. RR. account, $4,767 46. Directors.--Same as New Bedford and Taunton Railroad Company. PRINCIPAL OFFICE AND ADDRESS.........New Bedford, Bristol Co., Mass. WARREN RAILROAD. (Leased in perpetuity to Delaware, Lackawanna and Western RR. Company). Line of Road.-Clarksville, N. J., to Delaware Bridge...... 18.25 miles. Sidings and other tracks, 3.79 miles. Gauge of track, 6 feet. Rail, 56 lbs. to yard. Rolling Stock.-Furnished by lessees. Operations for the year ending December 31, 1869.-Passengers carriedthrough, 23,972; way, 59,997-total, 83,969. Freight moved—coal, 980,821; merchandize, 254,004; express, 1,476—total, 1,236,301 tons. Gross earnings-passenger, $29,255 80; coal, $302,227 52; merchandize, $119,737 60; mail, telegraph, rents, etc., $3,437 22-total, $454,758 14. Operating expenses, $300,140 37; interest on bonds. $35,798; dividends, two of 34 per cent. each, $108,335 50; balance applicable to paying taxes, etc., $10,484 27. General Balances.-Capital stock, $1,547 650; funded debt, 1st mortgage 7 per cent. bonds, due 1875, $511,400. Total stock and bonds, $2,059,050, which amount represents the cost of road and appurtenances. JOHN J. BLAIR-President.... Blairstown, N. J. PRINCIPAL OFFICE AND ADDRESS.....Lessees, 26 Exchange Pl., N. Y. City. DUNKIRK, WARREN AND PITTSBURG RR. (in Progress). 41 miles. Line of Road.-Dunkirk, N. Y., to State Line, Pa..... Capital stock, as by charter, $600,000; subscribed, $351,000; paid in $280,000 Cost of road (October 1, 1869), $407,000. The road will be extended to Warren (Phil. and Erie RR.), Pa. Directors.-T. D. Copp and A. Langworthy, Sinclairville, N. Y.; Wm. Book |