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Directors.—John H. Lyon and Bennington F. Randolph, Jersey City, N. J.; Daniel D. Craig, Morristown, N.J.; J. B. Bassenger and Jarvis Johnson, New Providence, N. J.; John H. Anderson, Barking Ridge, N. J.; Joseph Alward, Elizabeth, N. J.; C. N. Lockwood, Newark, N. J.; S. B. Smith, New York City. John H. Lyon-President.....

Jersey City, N. J. Treasurer.... Daniel D. Craig. | Secretary.... Beverly C. Sanders. Gen. Supt... .J. B. Bassenger. PRINCIPAL OFFICE AND ADDRESS..

...Jersey City, N. J.

NEW YORK CENTRAL RAILROAD.

Line of Road.-Albany (Hudson Riv.), N. Y., to Buffalo (Lake Erie). N. Y.297.75 miles.

(Athens (Hudson Riv.), N. Y., to Junc. (14 m. W. Albany).37.87

Troy (Hud. Riv.), N. Y., to Schenectady (17 m. W. Alb.).. 21.00 Lateral Syracuse (148 m. W. Albany), N. Y., to Rochester, N. Y.104.00

and Batavia (261 m. W. Alb.), N. Y., to Attica (B.N.Y.&ErieRR.) 11.00 Branch

Rochester (225 m. Alb.), N. Y., to Niagara Susp. Br., N. Y.. 74.75
Lines.

Lockport Junc. (59 m W.Roch), N.Y., to Tonawanda, N. Y. 12.25
Junc. (3 m. W. Roch.), N. Y., to Charlotte, (L. Ont.), N. Y. 6.88
Buffalo (Lake Erie), N. Y., to Lewiston (L, Ontario), N. Y. 28.25–296.00“

Total length of main, lateral and branch lines owned by Company.593.75 miles. Second track, sidings, turnouts and switches.....

470.00 Total equivalent single track railroad owned by Company .....1,063.75 miles.

Leased Line.—Niagara Bridge and Canandaigua RR..... 98.46 Sidings, turnouts and switches on same....

3.65-102.11 Total equivalent single track owned, leased and operated by Co..1,165.86 miles. Gauge, 4 feet 84 inches. Rail, 56 to 80 lbs. to yard.

Length of lines and track in use, October 1, 1862-1869, inclusive:

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Equivalent single track..... 1038.48 1957.40 10.7.68 1078.74 1133.73 1148.43 1151.26 1165.86

Including Saratoga and Hudson River (now Athens Branch) RR., 37.87 miles, with sidings, turnoute, etc., 5.32 miles.

Rolling Stock (October 1, 1862-1869, inclusive).-Locomotives and cars in use:

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Passenger cars, 1st class.

2d
Baggage, mail and express cars.
Freight cars.
Cars of all kinds..

196
35

63
3,592

197
58

68
4,356

189
68

78
4,946

206
78

82
5,254

208
84

83
5,226

205
91

90
5,530

205
92

95
5,458

205 92

94 6,274

3,886

4,679

5,280

5,629

5,601

5,916

5,860

6,665

Operations (years ending September 30). —Statement of train mileage, passenger and freight traffic and financial results yearly for seven years :

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Total train mileage.. 5,692,223 5,990,208: 5,804,018 6,607,261 6,401,420 6,212, 439 5,907,030 Passengers carried ... 2,723,951 3,554,254 3.783,263 3,710,156 3,618.642 3,679,318 3,932,710

100 miles 1,472,379 1,931, 477 2,232,293 2,193, 117 1.989.851 2,016,295 2.061.850 Freight (tons) carried... 1,449,604 1.557.148 1,275,299 1.602.197 1,667,926 1,846,599 2,281,585 100 miles 3,121,958 3,140,814, 2,619,936 3,310,755 3,621,806 3,661,997 4,744,197

$

$ (Passenger.. 2,930.341 3,923, 152 4,521,454 4.360,219 4,032,023 4,063.791 4.228.970

Freight... 7,498,509 8,513,371 8,776,027 9,671.920 9,151,751 9,491,427 10,457,582 Gross Mail.

95,790 95.790 95.790 95.790 95.790 95.790 95,790 Earnings. Miscellaneous. 372,991 435,577 582,253 468.827 699,950 730.295 804,774

Total...... 10,897,631 12,997,890 13,975,524 14,596,786 13,979,514 14,381,303 15,586,616

Passenger. 1,983,157 3.960,231 4,185,525 4,143,312 3.783,490 3,209.896 3.016,832 Operating / Freighrt. 4,859,476 6,285,950 6,696,833 6,870,129 6.870,202 6,028,267' 6,038.653 Expenses.

Total... 6.842,633 9,346,184 10,882,338 11,013,411 10,653,692 9,238,163 9,055,485 Earnings, less expenses. 4,054,998 3,651,706 3,093,166 3,583,345 3,325,822 5,143,140 6,531,131

Income Account (years ending September 30).-Statement of the resources and disbursements, yearly, for same seven years :

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Balance, October 1.

2.690,295 3,765,243 3.851,868 3.921.297 4,407,929 4,727.836 6.630,893 Gross earnings, as above.. : 10,897,631 12,997,890 13.975,324 14,596,786 13,979,514 14,381,303 15,556,616

Total resources...... 13,587,926 16,763,133 17,830,392) 18,578,083 18,518,443 19,109,139 22,217,509

Disbursed on the following accounts, viz. : Expenses as above. 6,812,633 9,346,184 10,882,358 11,013,441 10,653,692 9,238, 1631 9,055, 485 Coupons and interest.. 998, 140 1.026,765 974,169 1,019.996 943,881

857,803 891,730 Dividends on int. certificts.

1,935,024 Dividends, February

840,000 1,218,450 731,739 739,230 796,110 856.110 Dividends, August

810,000 975, 409 737,730 739.230 8.56,110 1,143,200 2,418.750 U.S. tax on dividends

50, 100 85,321 73,473 73,923 82,6111 110.938 Sinking funds

112,060 111,182 111,182 112.1021 111,182 111,182 111.182 Rent N. B. & Canand. RR. 60,000 60.00

60.000 115,667 60.000 00 000 U. S. tax on earnings.

81,960 338,452 322,232 100,331 100,830 107,422 Balances charged off

79,450 Balance, September 30 3,765,2 13 3,854,868 3,921,297 4,407,929 4.727,836 6,630,893 7,631,886

Total disbursements... | 13,587, 926, 16,763,133, 17,830,392 18,318,083 18,387,413 19,109,139 22, 217,509

General Balances (October 1).-Statement of the financial condition of the Company, yearly, for same seven years :

1863.

1864.

1865.

1866.

1867.

1868.

1569.

Capital stock.
Funded debt..

24,209,000 24,386,000 24,591.000' 25,801.000 28,537.000 28,780,000 51.831.000*
13,779,618 13,211,342 14,627,443 14,095,804 12,069,820 11,458,904 11,398,426

Per contra :

Construction account..

32,710,068' 32,879,251 33,701,920 34,133,911/ 36,594,405 36,607,695 37,603,697

Including interest certificates rated as stock, $23,036,000.

The “funded debt,” September 30, 1869, is described in the following statement:

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Statement exhibiting the amounts of the several issues outstanding at the close of each of the seven years ending September 30, 1869:

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$

$
7,146,104 6,917,598 6,690,120 6,450,439 6,189,955 5,946,689 5,936,626
2,949,200

233,569 224.921 100,000 100,000
1,448,000 1,398.000 1,398.000 1.398.000 1,514,000 1,514,000 1,514,000
78.000
78,000 78,000 77,000 78,000 76,000

76,000
24,000
663.000 663.000 634.000 606,000 594,000 592,000 592.000
165,000 165.000 165,000 165.000 165.000 162.000 162,000
210,273 190,273 192.773 139.815 176,866 58,215 22,800

25.102 45,550 45,550 45,550
781,000 601.000 2,399.000 2.189.000 453,000 210.000 195.000
36,000 2,925,000 2,925,000 2,925,000 2,900,000 2,900,000 2,900,000

RR. stock..

* real estate. " and mortgages. conv. till Aug. 1, '69 “ for 7s of 1851-64....

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Total, less sinking rd. 13,779,618 13,211,342, 14,627,443 14,095,804 12,069,820 11,458,904 11,398,426

The following table presents deductions from the above statements, showing the cost of road, etc., per mile, the earnings, expenses and profits per mile of road, and the earnings, expenses and profits per 100 miles of travel and transportation, with the rate of dividends :

1862-63. 1863-64. 1864-65. 1865-66, 1866-67. 1867-68. 1868-69.

Cost of road

per

mile Gross earnings per mile. Operating expenses per mile.

cent. Profits per mile.

Passenger earnings per 100 miles
Freight
Passenger expenses
Freight expenses
Profits per 100 miles (pass.)....

(freight). Dividends paid, per cent...

$58, 895 $59,135 $60,615 $61.392 $61,631 $61,655 $63.306 19,600 23,379 25,136 26,253 23,53) 24,221 26,240 12,306 16.809 19.573 19,808 17,933 15.359 15,245 62.78 71.89 77.87

75. 15 76.32 61.23! 59.03 $7,294 $6,579 $5,563 $6,445 $5,599 $8,662 $10,995 $c. m. $c. m. $c. m. $c. m. $ c. m. $ c. m. $c, m. 1.99:0 2.02:8 2.02:6 1.98:8 2.02:6 2.01:5

2.06:9 2.40:2 2.72:0 3.31:1 2.92:1 2.52:7 2.59:2 3.04:5 1.34:7 1.58:2 1.87:5 1.88:9 1.90:1 1.59:3 1.47:8 1.55:6 2.00:1 2.52:7 2.07:5 1.89:7 1.64:9 1.75:8 0.64:3 0.44:6 0.15:1 0.09:9 0.12:5 0.42:2 0.59:1 0.81:6 0.71:9 0.78:4 0.84:6 0.63:0 0.94:3 1.28:7 32x32 5x4 3x3 3x3 3x3 3x4

4x4

A four per cent. dividend on stock and interest certificates was paid in February, 1870.

Under the authority of an act, entitled "An act authorizing the consolidation of certain railroad companies," passed May 20, 1869, the New York Central and the Hudson River Companies were authorized to merge and consolidate their several capital stocks, franchises and properties into one corporation.

The terms of consolidation agreed upon by the directors of the Companies sep. erally, September 15, 1869, and ratified by a vote of the stockholders of each company October 1, 1869, were substantially as follows:

The consolidated Company takes the name and title of the “New York Central and Hudson River Railroad Company,” to continue for 500 years, the Company to be governed by thirteen directors, named in agreement, and to continue until a new board shall have been elected on the 1st Wednesday of June, 1870. All officers of the Company to be approved by the board and hold office during the pleasure of the board.

The consolidated capital was fixed at 450,000 shares, or $45,000,000, of which 287,950 were appropriated for the stock of the New York Central Company and 160,208 for the stock of the Hudson River Company, in exchange for the shares of those Companies respectively. The privilege was given of increasing the capital stock, however, to an amount sufficient to capitalize at par the interest certificates heretofore issued by the New York Central Company under the resolution of the Board of Directors of said Company, passed December 19, 1868, and also the consolidation certificates authorized, in pursuance of present agreement.

For the purpose of equalizing the values of the properties of the consolidating companies, the following provisions were made:

The capital stock and interest certificates of the New York Central Company received in consolidation certificates 27 per cent. of their amount.

The capital stock of the Hudson River Company received in consolidation cer. tificates 85 per cent. of their amount.

The holders of the interest certificates of the New York Central Company were allowed to exchange them for consolidation certificates at par; the consolidation certificates to be converted into the capital stock of said consolidated Company. The capital of the consolidated Company is consequently $90,000,000.

The existence of the consolidated Company commenced October 1, 1869.

All the bonded or other indebtedness of either of the consolidating companies is assumed by the consolidation.

Directors (elected December, 1869).—Cornelius Vanderbilt, Daniel Torrance,
William H. Vanderbilt, Horace F. Clark, James H. Banker, Augustus Schell, Samuel
F. Barger, H. Henry Baxter, Joseph Harker and William A. Kissam, New York City;
Chester W. Chapin, Springfield, Mass.; Amasa Stone, Jr., Cleveland, O.; James F.
Joy, Detroit, Mich..
CORNELIUS VANDERBILT--President...

.New York City.
Daniel Torrance, Vice-President...

Albany.

Treasurer-Edwin D. Worcester.. Albany. | Supply Agent-M. H. St. John..

Albany. Asst. Treasurer-Charles Wendell.

Freight Agt., N. Y.-M. B. Spaulding..239 B'way. Secretary-Richard W. Roche..

Ti ket Agt., N. Y.-H. A. Russell, Gen, Supt.-James Tillinghast.

Supt. of Motire Power-C. T. Ham.. Albany.

Utica.
Asst. I

Zenas C. Priest
William G. Lapham.

Masters of | Gardner B. Van Voast.
Syracuse.

Rochester

Edward L. Tyler...
Supts. M. W Torrance,

Machinery Henry Watkeys.
Buffalo.

Syracuse. Chief Engineer-Chas. H. Fisher.. Albany. Master Car Rep.-Joseph Jones. Albany. General Freight Agent--Solomon Drullard

Auditor-D. W. Tuthill, Gen. Passenger Agent-C. II. Kendrick...

66

PRINCIPAL OFFICE AND ADDRESS..

Albany, N. Y Transfer Office..

Duncan, Sherman & Co., New York City.

NEW YORK CENTRAL AND HUDSON RIVER RR.

(Consolidation, Oct. 1, 1869, of the New York Central and the Hudson River RRs.)

The length of the New York Central Railroad, main and Branch lines, is 593.75 miles, and of the Hudson River Railroad 144 miles, making a total of the consolidated roads 737.75 miles. The leased roads have a length of 104.46 miles, which makes the total of owned, leased and operated roads 842.21. On the two lines are about 650 miles of second tracks, sidings, turnouts, etc.

The existence of the consolidated Company began October 1, 1869. For details of the operations and financial condition of the Companies before consolidation, see their separate articles—the Hudson River Co., on page 243; the New York Central, on page 385. The bonded debt of the consolidated Company is comprised of the issues of the Companies at the time of consolidation; the share capital is $90,000,000. For terms of the consolidation, see page 388.

Directors (named in agreement of September 15, 1869, and who will hold office until the first Wednesday of June, 1870, the date on which the annual election will hereafter be held).-Cornelius Vanderbilt, New York City; Chester W. Chapin, Springfield, Mass. ; Augustus Schell, New York City; Daniel Torrance, Albany, N. Y.; H. H. Baxter, William H. Vanderbilt, Horace F. Clark, James H. Banker and William A. Kissam, New York City; George J. Whitney, Rochester, N. Y.; Joseph Harker, Samuel F. Barger and Samuel Barton, New York City.

CORNELIUS VANDERBILT-President.... New York City.

William H. Vanderbilt, Vice-President....
Treasurer-Edwin D. Worcester... Albany, N. Y. | Secretary-Augustus Schell....... New York City.

For other officers, see statement of the New York Central above.
PRINCIPAL OFFICES..

| Albany, New York.
( 470 West 30th Street, New York City.

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ATLANTIC, TENNESSEE AND OHIO RAILROAD.

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Line of Road.-Charlotte, N. C., to Statesville, N. C..... ... 46.5 miles.

This road, which was completed in 1862, was dismantled by the Confederates in 1863, the rails, chairs and spikes having been removed to the Piedmont and other roads deemed to be of greater military importance. This was about thirteen months after it had been opened between Charlotte and Statesville. The road-bed, bridges, depots, etc., have remained as left in 1863. It is now proposed that the Charlotte, Columbia and Augusta Company should re-build the road, or form a consolidation therewith for such purpose. The C., C. & A. Company owns $20,000 of the stock of the A., T. & 0. Company, but are on the other hand indebted to said Company in the sum of $200,801 22, which amount is included in their floating debt.

ROCKVILLE RAILROAD.

(Leased to Hartford, Providence and Fishkill Company, from September 1, 1868.)

Line of Road.-Rockville, Conn., to Vernon, Conn....

.4.5 miles. Rolling Stock.-Locomotives, 2. Cars—passenger, 4. Cost of road, $175,000. Capital stock, $100,000 ; funded debt, $50,000. GEORGE TALCOTT-President....

Rockville, Conn. PRINCIPAL OFFICE AND ADDRESS.

Rockville, Tolland Co., Conn.

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