The present financial condition of the Company is shown in the following state The funded debt of the Company on January 1, 1870, stood as follows: The Company now propose to issue consolidated mortgage bonds to the amount of $4,000,000, to be disposed of thus: These bonds are secured by a mortgage of the road and its branches, payable in fifteen years after date, with semi-annual coupons at 8 per cent., free from Government tax, and convertible into the stock of the Company at par on any coupon day after July 1, 1871, and until one year prior to maturity. One million two hundred thousand of the above were allotted (February 15th) to stockholders in sums of $1,000 and $500, at par, in the proportion of 15 per cent. of the stock held by them respectively. Directors (elected 1st Monday in November, 1869).-James Craig, St. Joseph, Mo.; James F. Joy, Detroit, Mich.; Sidney Bartlett, Nathaniel Thayer, John W. Brooks, R. S. Watson, John A. Burnham and William Boot, Boston, Mass. (Originally a section of the State Works afterward purchased by the Pennsylvania Railroad Company, and for the last three years the property of a separate com pany. Toward the close of 1868 the Company purchased, with their first mortgage bonds, a majority of the shares of the West Branch and Susquehanna Canal, extending from the Juniata River up the Susquehanna, and its west branch to Farrandsville, above Lockhaven, in length 112 miles, and also (January 1, 1869), consolidated their shares with those of the Wyoming Valley Canal, which occupies the North Branch of the Susquehanna from Northumberland to Wilkesbarre, a distance of 64 miles.) (Pennsylvania Hollidaysburg, Pa., to Columbia, Pa.......173 m. Lines of Canal: West Branch, etc. (leased)-Juniata Junc. to Farrandsville.123 “ Wyoming Valley-Northumberland to Wilkesbarre....... 64 " 360 m. Depth, 4 to 5 feet. Total length of canal owned, leased and operated.......... Dimensions: Top, 40 to 50, and bottom, 24 to 32 feet. Locks Lift, 158, and weigh, 5-15 by 90 to 17 by 180. Boats Owned by Company for repairs, etc., 52; by private parties, 1,200; capacity, 90 to 100 tons. Boating season, 1869: April 12 to December 18, 250 days. Operations for year ending October 31, 1869.-Freight moved-lumber and shingles, 417,546; anthracite coal, 502,138; bituminous coal, 11,305; all other articles, 168,487-total, 1,099,477 tons. Gross earnings-tolls, $725,332 96; other, $9,970 18-total, $735,303 14. Expenses, etc., $176,866 91. Nett earnings, $258,436 23. General Balances.-Capital stock, 86,000 shares, $4,300,000; funded debt-1st mortgage 6 per cent. (Penna. Canal) bonds, due January 1, 1887, $1,361,000; 1st mortgage 6 per cent. (Wyoming Valley Canal) bonds, due July 15, 1878, $600,000— total, $1,961,000. Total stock and bonds, $6,261,000. Per contra: Cost of Pennsylvania Canal, $3,500,000, and of Wyoming Canal, $2,000,000, or, together, $5,500,000. Purchase price of West Branch stock not ascertained. Directors.-J. Edgar Thomson, Thomas A. Scott, H. J. Lombaert, G. B. Roberts, Samuel T. Bodine, Edward Roberts, William Anspach, Wistar Morris, Rathmel Wilson, Washington Butcher, J. B. Myers and Josiah Bacon, all of Philadelphia, Pa. ISAAC J. WISTAR-President..No. 234 S. Third St., Philadelphia, Pa. Sec. & Treas.-Alfred Mordecai. Philadelphia, Pa. | Supt.-Thomas T. Wierman......Harrisburg, Pa. PRINCIPAL OFFICE AND ADDRESS.. .Philadelphia, Pa. ILLINOIS AND MICHIGAN CANAL. Line of Canal.-Chicago, Ill., via Lockport and Ottawa, to La Salle, Ill...96 m. Branches and feeders, 26 miles. The summit near Chicago is being cut down and the channel of the canal enlarged and deepened, so as to permit of uninterrupted navigation to the Lake. This improvement is made at the cost of the City of Chicago, and according to law must be completed by the end of the year 1871. The Illinois River is being improved by a dam and steamboat lock at Henry, some forty miles below the western terminus of the Canal, and by dredging below this dam, which will make a good navigation as far down the river as Peona. The first work is undertaken by the State and the last by Congress. These improvements will be of vast importance to a large section of country and must very materially increase the commerce of the canal itself. The Canal Company received a Congressional land grant of 290,915 acres, and a subsidy by the State of bonds to the amount of $1,600,000. Most of the lands have been sold. The works are owned by the State of Illinois, and are under the direction and control of a Board of Trustees appointed by the Governor. Operations for the year ending November 30, 1869.-Lockages (at the two summit locks and locks No. 1, 10, 11 and 12), 23,149. Freight moved-lumber, 68,457,530 feet; corn, 5,979,680 bush.; wheat, 374,676 bush.; oats, 550,806 bush.; flour, 19,289 barrels; salt, 30,695 barrels; coal, 16,369 tons. Gross receipts-tolls at Chicago, $105,968 64; at Lockport, $30,228 61; at Ottawa, $23,569 44; at La Salle, $69,180 83— total tolls, $228,947 52. Operating expenses, repairs, etc., $91,765 84. Nett revenue from canal, $137,181 68. Comparative statement of the business of the canal for seven years: Lumber.. Corn. Wheat. Oats Flour bbls. 90,929 34,223 60,290 77,307 24,224 18,087 22,137 23,619 feet 50,133,258 59,604,227 80,194,100 70,092,657 75,104,793 74,034,571 68,457,590 .bush. 10,098,948 4,447,191 8,655,985 9,574,315 6,652,875 6.144,711 5,979.680 555,671 575,865 504,567 362,988 1,412,438 2,696,196 1,444,663 159,373 47,861 1,570,146 243,746 1,196,043 132,389 1,095,842 374.676 550,806 31,827 32,120 Table exhibiting the annual cost of maintenance, repairs and renewals of canal, feeders and pumping engines, collection of tolls, salaries, etc., etc., for the last ten years, for 96 miles of canal proper, 26 miles of navigable feeders, two steam engines, locks, dams, aqueducts, etc., etc. Statement embracing the entire amount received and expended by the Board of Trustees from the organization of the Trust in June, 1845, to November 30, 1869: The balance shown above consisted of moneys deposited with New York Life Trust Company, $267,303 88; with Bank of Commerce, N. Y., $1,842 76; with Geo. Smith & Bro., Chicago, $25,203 37; in hands of Secretary, $10,946 07; in transitu between Chicago and New York City, $16,617 01-total, $321,913 09, an increase of $64,227 14 over the balance from preceding year. On the 3d January, 1870, dividend No. 17, 10 per cent. was paid on account of the principal of the registered canal bonds. This is the 11th dividend paid on the principal of this class of bonds and amounts in the aggregate to 80 per cent. Dividends No. 1 to 6, inclusive, relate to the arrears of interest. Trustees on the part of the subscribers to the loan of $1,600,000-elected May 29, 1869-WILLIAM H. SWIFT, President, New York City; Henry Grinnell, Treasurer, New York City; Robert Rowett, State Trustee, Carlinville, Ill. Secretary.. William Gooding. | Gen. Supt... Wm. A. Gooding. | Aud. & Land Clerk. A. J. Mathewson. PRINCIPAL OFFICE AND ADDRESS.. Fiscal Agency in New York... Chicago, Ill. .New York Life and Trust Company. KNOXVILLE AND KENTUCKY RAILROAD. .65 miles. .31 Line of Road.-Knoxville, Tenn., to State line, Ky.... In operation: Knoxville, Tenn., to Coal Creek, Tenn.... Sidings, 1.25 mile. Gauge, 5 feet. Rail, 56 lbs. to yard. Rolling Stock.-Locomotives, 2. Cars-passenger, 2; baggage, 1; box freight, 3; platform, 7; coal, 10-23. The road is yet incomplete. Of the portion not in operation, 15 miles are graded and 19 miles under contract. The State loan to this Company is $10,000 per mile. JOSEPH A. MABRY-President....... .Knoxville, Tenn. Knoxville. Road Master-G. J. Kinzel. Knoxville, Knox Co., Tenn. Treas. & Sec.-John L. Moses.........Knoxville. | Chief Eng.-Adrian Jerry.. PRINCIPAL OFFICE AND ADDRESS. MISSISSIPPI RIVER RAILROAD (Projected). Line of Road.-Memphis, Tenn., to Cairo, Ill.... .151 miles. 6 The road in Tennessee has a length of 110 miles, and will receive State aid to the extent of $10,000 per mile, and also $200,000 for bridges. None of this aid has yet been received. The surveys were completed before the war. Counties, cities, corporations and individuals have provided means to the extent of $3,000,000, an amount sufficient to grade the whole line. The line in Kentucky, 41 miles, which has no State aid, is expected to be aided by Cairo and the roads converging on that point. When completed the road will form a very direct line from Vincennes, Chicago and St. Louis to New Orleans, other Companies having already been formed to construct direct lines from Vincennes and St. Louis to Cairo, from Memphis to Vicksburg and from Vicksburg to New Orleans. Directors (elected July, 1869).-A. S. Mitchell, A. T. Lacey and A. H. Kerr, Memphis, Tenn.; John T. Douglas and William Wotton, Covington, Tenn; D. M. Henning, Ripley, Tenn.; A. Harris, Dyersburg, Tenn.; C. N. Gibbs, Troy, Tenn. . Memphis, Tenn. A. S. MITCHELL-President.. A. T. Lacey-Vice-President.. Treasurer........ Wm. H. Cherry. | Secretary... ....Isaac Morrison. | Chief Engr.. Thos. H. Millington. PRINCIPAL OFFICE AND ADDRESS.. ...No. 450 Main St., Memphis, Tenn. MINNESOTA CENTRAL RAILROAD. Line of Road.-Austin, Minn., to State line of Iowa...... .11 miles. The line of the Minnesota Central Railroad, from St. Paul to Austin, was purchased by the Milwaukee and St. Paul Company several years ago, and merged in their line between Milwaukee and St. Paul, forming part of the Iowa-Minnesota Division. The remnant of their chartered line South of Austin, which will connect at the State line with the Cedar Falls and Minnesota Railroad, has also been purchased by the M. & S. P. Company, who, in April, 1870, issued in payment therefor 1,760 shares of common and 1,760 shares of preferred stock, and are now engaged in building the road. PRINCIPAL OFFICE AND ADDRESS... M. & St. Paul RR. Office, Milwaukee, Wisc. MANSFIELD AND FRAMINGHAM RAILROAD. 22.5 miles. Line of Road.-Mansfield, Mass., to Framingham, Mass...... This road, completed in February, 1870, connects New Bedford, Taunton, Fall River and other places on the south-east coast directly with the whole North and West. By this new route, as against the route via Boston from the same places, there is a saving of distance of about 40 miles. Capital stock authorized, $600,000. Funded debt, 1st mortgage 7 per cent. bonds authorized, $300,000. Directors (elected January, 1870).-E. P. Carpenter, Foxboro', Mass.; H. A. Blood, Fitchburg, Mass.; John B. Page, Rutland, Vt.; J. Henry Elliott, Keene, N. H.; George A. Torrey and George E. Towne, Fitchburg, Mass.; Lyman Nichols, No. 21 State street, Boston, Mass.; Otis Carey, Foxboro', Mass.; A. E. Swasey, Taunton, Mass.; H. N. Bigelow, Clinton, Mass.; Jonathan Holbrook, Sherborn, Mass.; A. A. Folsom, Boston, Mass. E. P. CARPENTER-President.... .Foxboro', Mass. Boston, Mass. Vice-President-H. A. Blood....Fitchburg, Mass. | Treasurer-Hosea Hyde...... |