Operations for the year ending March 31, 1869.-Trains run-passenger, 145,076 ; freight, 387,044-532,120 miles. Freight moved-1 ton, 31,199,413 miles. Gross earnings-passenger, $171,883 99; freight, $849,474 60; mail, $10,710; express, $5,000; rents, $8,153 11; expenditures, $688,382 46. Nett earnings, $356,839 24. Interest, $89,491 54; dividends (common 3 p. c., $92,310; preferred, 4x4 p. c., $95,104), $187,414; U. S. tax on coupons and dividends, $10,570 70; bridge timber on hand, $7,433 59; new locomotive, $12,032 39; balance, $208,922 55. General Balances (April 1, 1869).-Capital stock (common, $3,040,900; 8 p. c. preferred, $1,994,900), $5,035,800; funded debt (1st mortgage 7 p. c. bonds, due July 1, 1869, $605,700 ; 2d mortgage 7 p. c. bonds, convertible into preferred stock, $36,100 ; equipment 8 p. c. bonds of 1868, $300,000), $941,800; bills payable, $60,000; sundries, $327,686 99. Nett earnings, $208,922 55. Gross earnings in 1865-66, $803,797 95; in 1866-67, $871,984 70; in 1867-68, $898,980 75; in 1868-69, $1,045,221 70. Per contra cost of road, etc., $5,071,900; new equipment, $300,000; bills receivable, $15,210 22; Northern Transportation Co. stock, $30,000; material on hand, $73,568 89; fuel, $72,234 68; real estate, wood lots, etc., $45,357 15; sundry accounts, $47,538 03; cash and cash items (applicable to the payment of 1st mortgage bonds), $618,400 57. Total, $6,274,209 54. Directors (elected June, 1869).—John C. Pratt, Jacob W. Pierce, John S. Farlow, George M. Barnard, Hollis Hunnewell and Thomas Upham, Boston, Mass. ; Samuel M. Felton, Philadelphia, Pa.; E. T. Farrington, Boston, Mass.; William C. Brown, Ogdensburg, N. Y.; I. D. Farnsworth and Arthur Williams, Boston, Mass.; Calvin T. Hulburd, Brasher Falls, N. Y.; Albert Andrus, Malone, N. Y. ..60 miles. Line of Road.-Lake City, Fla., to Jacksonville, Fla............ BANGOR, OLDTOWN AND MILFORD RAILROAD. Line of Road.-Bangor, Me., to Milford, Me................ Sidings, etc., 2 miles. Gauge, 4 feet 8 inches. 12.55 miles. General Balances (latest statement Jan. 1, 1869).--Capital stock, $135,000; notes payable and other liabilities, $265,034 86. Per contra: Cost of road, $247,412 06; and of rolling stock, $84,433 12; other assets and cash, $68,189 68. This road has been sold to the European and North American Company, and the track is to be taken up and the road abandoned. ATLANTIC AND LAKE ERIE RAILROAD (Projected). Line of Road.-Toledo, O., to Pomroy (Ohio River), O................... ..200 miles. The line projected is a continuation of the Chesapeake and Ohio Railroad to Lake Erie. Capital stock authorized, $5,000,000; subscribed, $719,000. Directors.-V. B. Horton, Meigs Co.; A. Reed, Licking Co.; D. Smith, Meigs Co.; D. W. Stewart, Athens Co.; D. W. Swigart, Crawford Co.; James Taylor, Perry Co., Ohio. D. W. SWIGART-President.... Bucyrus, O. Vice-Pres.-H. B. Smith.. .Pomroy, O. Secretary-Jas. Taylor... Treasurer-D. Richards. .Mt. Gilead. Newark, Licking Co., Ohio. LAKE SHORE AND MICHIGAN SOUTHERN RAILROAD. (Consolidation June 1, 1869, of the Lake Shore, and the Michigan Southern and Northern Indiana Railroads, and subsequently, viz.: September 1, 1869, the Buffalo and Erie Railroad; and October 1, 1869, the St. Joseph Valley and the Kalamazoo, Allegan and Grand Rapids Railroads.) ..945.15 m. Total length of main and branch lines owned by Company.... Second track, 36.29; sidings, 193.60 miles. Gauge-Buffalo to Toledo-4 ft. 9 in., and Toledo to Chicago, 4 ft. 8 in. Rail on main line, 60 lbs. to yard. Jamestown and Franklin Railroad................... Leased. .44.68 miles. 4.00 Coal Branch at Stoneboro, Pa., 1.5: sidings, 2.5 miles... Rolling Stock.-Locomotive engines, 241. Cars-passenger, 1st class 139 and second class, 40; baggage, mail and express, 58; freight, 5,068; coal, 323—total, 5,628 cars. Operations for the year ending December 31, 1869 (including the whole of the lines between Buffalo and Chicago for the entire year and the Grand Rapids Branch for three months only).-Gross receipts, $12,945,598 40; operating expenses, including $492,361 84 for taxes, $7,911,527 65. Nett earnings, $5,034,070 71. Disbursed for interest on funded debt and dividends of February and August, each 4 per cent. and taxes, $4,317,698 06. Surplus to credit, $716,372 69. General Balances.-Capital stock authorized, subscribed and paid in, $35,000,000; funded debt, $23,313,000; floating debt, $416,551 76-total stock, bonds and debt, $58,729,551 76. Per contra: Cost of property, viz.: road, $42,179,874 90; equipment, $7,767,845 34-total cost, $49,947,720 24. Directors.-Horace F. Clark, Alanson Robinson and James H. Banker, New York City; William Williams, Buffalo, N. Y.; John A. Tracy and Albert Keep, Chicago, Ill.; Azariah Boody, New York City; H. B. Payne, Amasa Stone and Stillman Witt, Cleveland, O.; William L. Scott and Milton Courtright, Erie, Pa.; Augustus Schell, New York City. INDIANA AND ILLINOIS CENTRAL RR. (in Progress). . 151 miles. Line of Road.-Indianapolis, Ind., to Decatur, Ill....... Sidings, turnouts, etc., 5.46 miles. Gauge of road, 4 ft. 8 in. Rail, 56 lbs. to yard. Estimated cost of construction, $2,622,600. Resources of the Company independent of loans and future stock subscriptions-grading already done, $436,639; lands, 30,000, at $100 per acre, $300,000; cash notes, $50,000; city, county, township and individual subscriptions, $700,000. To complete and equip the road, the Company have issued and are selling their first mortgage 7 per cent. bonds to the amount of $2,750,000, secured by a conveyance of the road and other property to a trustee These bonds have thirty years to run from January 1, 1870, interest payable semiannually, January and July, in New York or London. Principal and interest payable in gold coin. The road will be finished by the end of 1871. Directors.-A. L. Roche, Indianapolis, Ind.; E. M. Benson, Montezuma, Ind.; John K. Warren, Decatur, Ill.; D. W. Kilbourne and William Leighton, Keokuk, Iowa; John Carter Brown (2d), Providence, R. I.; G. S. Gideon, Washington, D. C.; Rush C. Hawkins, W. D. Colt, H. C. Pratt, John E. Risley, J. D. Champlin and Adolph H. Lazare, New York City. J. K. WARREN-President...... E. M. Benson- Vice-President..... Treasurer-H. C. Pratt... Decatur, Ill. . Montezuma, Ind. New York City. | Chief Eng.-James P. Harper..Indianapolis, Ind. PRINCIPAL OFFICE AND ADDRESS. ..Indianapolis, Ind., and Decatur, Ill. New York City. MONTPELIER, ST. JOHNSBURY AND LAMOILLE VALLEY RAILROAD (Projected.) Line of Road.-Montpelier, Vt., to St. Johnsbury, Vt...... HORACE FAIRBANKS-President................... 45 miles. St. Johnsbury, Vt. Clerk..... Jonathan Ross. | Treasurer....... PRINCIPAL OFFICE AND ADDRESS. E. C. Redington. ..St. Johnsbury, Caledonia Co., Vt. MONTPELIER AND WELLS RIVER RAILROAD (Projected). Line of Road.-Montpelier, Vt., to Wells River, Vt...... .40 miles. Montpelier has voted $200,000 in aid of this road, and most of the other towns have voted lesser amounts. These subscriptions, with individual subscriptions already obtained, will be sufficient to grade and bridge the line. Some work has already been done. PRINCIPAL OFFICE AND ADDRESS... Montpelier, Washington Co., Vt. CINCINNATI AND MARTINSVILLE RAILROAD. (Leased in perpetuity to Indianapolis, Cincinnati and Lafayette Company.) .40 miles. Line of Road.—Fairland, Ind., to Martinsburg, Ind............ Annual rent, $54,000 and 75 per cent. of all nett earnings above that sum. Forty per cent. of gross earnings are to be considered as nett income. Capital stock, $400,000; 1st mortgage 7 per cent. bonds, guaranteed by lessees, $400,000. The lessees also guarantee a minimum of 6 per cent. on the capital stock. PRINCIPAL OFFICE AND ADDRESS....No. 26 Exchange Pl., New York City. MISSISSIPPI CENTRAL RAILROAD. (Southern Railroad Association Lessees.) Line of Road.-Canton, Miss., to Jackson, Tenn..... Sidings, turnouts, etc., 13 miles. Gauge, 5 feet. Rail, 56 lbs. to yard. 236 miles. Rolling Stock-Locomotives, 40. Cars-passenger, 18; baggage and mail, 9; box, 131; stock, 6; flat, 84–247. Also, 1 wrecking, 9 shanty, 9 hurdle and 26 hand cars. General Balances (August 31, 1868).—Capital stock, $2,944,756 42; profit and loss account, $124,386 78; Southern Railroad Association Lessees (floating debt, interest, etc., paid by them), $505,819 19; balance earnings, 1867-68, $114,348 59; funded debt, $4,650,980; circulating notes, $200,771 40; bills payable, $149,063 49; open accounts and pay rolls, $207,886 24. Per contra: Construction (road, $6,796,318 72; equipment, $778,381 14), $7,574,656 86; interest and exchange since Sept. 1, 1865, $180,232 55; interest on bonds (1st mortgage, $440,728 99; Tenn. State, $223,460 10; 2d mortgage, $50,363 56; M. C. & Tenn. RR., $19,145 34; income, $210,600 63) $944,298 62; U. S. Government, $36,785 70; cash on hand, $8,933 70; Southern Express Co. stock, accounts, bills receivable, real estate, etc, $153,104 68....... .Total, $8,897,669 92. The funded debt, as above, is made up of the following issues: By agreement, signed Nov. 21, 1867, the first mortgage coupons, due Nov. 1, 1867, and which would become due May 1, 1868, are not collectable until May 1, 1873; the 2d mortgage coupons, due Aug. 1, 1867, and which would fall due on Feb. 1, 1871, inclusive, are not collectable until Aug. 1, 1874, provided that the Company shall pay the semi-annual coupons as they become due, after said May 1, 1868 and Feb. 1, 1871, respectively. The payment of the principal of the 1st mortgage bonds is extended to Nov. 1, 1873, and of the 2d mortgage to Aug. 1, 1876. The deferred coupons draw interest at the rate of 8 per cent. per annum. The bondholders are entitled to one vote for every $50 of the principal sum held by them. (See Report for the year ending Aug. 31, 1868). Under contract, signed June 25, 1863, the road and other property of the Company was leased to the Southern Railroad Association, and on July 1 passed into their hands. The lease provides that the lessees shall retain possession during the full term of sixteen years from Sept. 1, 1868, yielding and paying therefor a yearly rent of one dollar, and the following obligations, when and as they mature: of the 1st mortgage bonds, $1,245,000, and of the 2d mortgage bonds, $1,540,000; the mortgage debt of the Mississippi Central and Tennessee Co., not exceeding $28,000, and income bonds, $5,000; also, all interest on the above debts falling due after May 1, 1858, and the interest and sinking fund contributed on the Tennessee State loan, the lessees to have the advantage of the agreement made in Nov., 1867, with the bond |