Directors, (elected January 8, 1873.)-A. F. Smith, John F. Slater, Norwich, Ct.; F. H. Dewey, George W. Gill, Charles W. Smith and Edward L. Davis, Worcester, Mass.; Robert Bayard, New York; W. F. Weld, Benjamin F. Stevens, Boston, Mass. Line of Road.-East Albany, N. Y., to Stephentown, Rensselaer Co., N.Y..31 m. This road will terminate at Stephentown, on the Harlem Extension Railroad, and will probably be carried thence about 15 miles to a connection with the Boston and Albany Railroad. Financial Statement, (September 30, 1871.)-Capital stock, authorized, $500,000; subscribed, $121,700, and paid in, $11,178.84. Per contra Expended in engineering, office expenses, salaries, etc., $10,112.05. Directors.-Albert R. Fox, James Aken, Sand Lake, N. Y.; George Ellis, Tarrytown, N. Y.; Leopold Bamburger, M. T. Waldheimer, Anthony King, R. M. Finkhauser, J. E. Freund, Horatio F. Averill and O. W. Barnes, New York City; George McGuire and Chase A. Stevens, Brooklyn, (L. I.,) N. Y. ALBANY AND VERMONT RAILROAD. (Leased June 12, 1860, in perpetuity, to the Rensselaer and Saratoga Company; and by them leased, in 1872, to the Delaware and Hudson Canal Company.) Line of Road.-Albany, N. Y., to Waterford Junction, N. Y..........12 miles. Operations. Included in returns of lessees. Dividends, 6 per cent per annum. General Balances.-Capital stock, $600,000. Nominal cost of road, $600,000. Directors.-E. Thompson Gale, Joseph M. Warren, James Forsyth, William Howard Hart, Charles W. Tillinghast, John B. Gale, Benjamin H. Hall, Cornelius L. Tracy, Thomas W. Lockwood, John L. Thompson, Charles L. Anden, George M. Tibbits and H. N. Lockwood, all of Troy, N. Y. President...... E. Thompson Gale. | Treasurer and Secretary...Thomas W. Lockwood. PRINCIPAL OFFICE AND ADDRESS..No. 13 State st., Troy, Rensselaer Co., N. Y. CLEVELAND AND PITTSBURG RAILROAD. (Opened, 1852. Leased and operated by the Pennsylvania Company.) .150.00 m. Line of Road.-Cleveland, O., to Pittsburg, Pa.... Yellow Creek, O., to Bellaire, O. (River Div.)... ....42.75 Branches: Bayard, O., to New Philadelphia, O. (Tuscarawas Br.)..32.75— 75.50 m. Total length of line operated.............. .225.50 m. Sidings and other tracks, 59 miles. Gauge, 4 feet 10 inches. Rail, 56 lbs. to yard. The line of the Pittsburg, Fort Wayne and Chicago Railroad is used from Rochester, Pa., to Pittsburg, 26 miles. A lease of this road was executed under date of October 25, 1871, to the Pennsylvania Railroad Company, for the term of 999 years, from December 1, 1871, the consideration being an annual rental of $786,795, payable in quarterly instalments, on the first days of March, June, September and December, and the payments of interest, sinking fund, lease of track of Pittsburg, Fort Wayne and Chicago Railway; and in addition, $10,000 per annum to maintain and preserve its corporate organization. The increase of capital stock since 1871 was made under the provisions of the lease, by the capitalization of the same at the rate of 142 85-100 per cent of the old stock, making the amount authorized $11,250,854, which, at 7 per cent, equals 10 per cent on old stock. No stock was issued for sale, and no money was realized. During the year nearly all the stock has been so transferred. Rolling Stock.-Locomotive engines, 83. Cars-passenger, 41; express and baggage, 22; freight and coal, 2,520-total revenue cars, 2,583. Also 198 service cars. Abstract of locomotive and car equipment for eight years: 1864-65. 1865-66. 1866-67. 1867-68. 1868-69. 1869-70. 1870-71. 1871-72. There are also on the road a large number of private coal cars, etc. Operations for fiscal year ending November 30, 1872.-Trains run-passenger, 364,086; freight, 1,234,014; other, 718,059-total, 2,316,159 miles. Passengers carried, 654,758; carried one mile, 19,385,035. Freight moved, 1,881,912; moved one mile, 149,676,555 tons. Receipts from lessee....... .$1,053,282 92 Divid's, 7 p. c. $786,626 12 Earnings... 2,612,186 17 2,140,150 60 2,306,236 88. 2,383,670 23 2,673,741 29 3,080,647 29 908,306 50 1,037,430 32 1,519,609 23 1,053,282 92 Expenses (*) include maintaining and operating, and taxes as given in Pennsylvania reports. The Pittsburg, Fort Wayne and Chicago Railroad Company receive $85,000 per annum for the use of their road between Rochester and Pittsburg. The following statement shows the progress of the adjustment of unsettled business dating previous to the lease to the Pennsylvania Company. The amount of guaranteed 7 per cent capital stock issued to close of year was $11,187,500, leaving only $35,700 old stock outstanding. The lessees expended on equipment, structures, real estate, etc., during the year, $630,765.26, of which $138,837.52 was for work in progress at the time of the lease. To meet these expenditures, the company have authorized the issue of construction and equipment bonds to the amount of $600,000. The bonds bear 7 per cent interest, clear of taxes, and run 40 years from January 1, 1873, with a sinking fund of one per cent per annum, the lessee to pay all interest and the sinking fund. General Balance, November 30, 1872. Construction & equipment. $15,029,344 13 | Capital stock.... M. and C. RR. stock.... 62,500 00 Funded debt.. .$11,236,149 68 3,834,343 63 412,942 49 27,468 26 219,622 51 177,040 92 $15,907,567 49 Abstract of principal items of general account for seven years: Total....$9,066,895 $9,415,618 $10,317,692 18 $10,733,780 17 $11,137,107 03 $11,518,594 09 $15,029,344 13 The following statement shows in detail the several classes of bonds outstanding November 30, 1872: The first mortgage bonds have been retired and cancelled. The second and third bonds are convertible into stock. The fourth bonds are exchangeable for consolidated sinking fund bonds. Directors, (elected January 1, 1873.)-J. N. McCullough, B. F. Jones, George W. Cass, William Thaw, Pittsburg, Pa.; Thomas A. Scott, George B. Roberts, Philadelphia; Jay Gould, Henry N. Smith, William Hoge, Charles Lanier, New York; R. P. Ranney, J. V. Painter, Cleveland, O. (Opened, 1850. Leased Oct. 1, 1858, for 20 years, to the Boston and Lowell RR. Co.) Line of Road.-Tewksbury (19 miles N. Boston) to Peabody, Mass..16.88 miles. Sidings and other tracks, 2.60 miles. Gauge, 4 feet 8 inches. Rail, 56 to 60 lbs. Rolling Stock.-Furnished by lessees. Operations for the year ending September 30, 1872.-Included in lessees' returns. Lease-rent received, $17,500. Taxes, salaries, etc., $2,171.49. Net revenue, $15,328.51. Disbursements-interest, $13,614; dividend, & per cent, $1,824.75. Financial Statement.-Capital stock, $243,305; 1st mortgage 6 per cent bonds, due 1878, $226,900; and accounts, $2,142.69. Per contra: Cost of road and appurtenances, $468,968.84; cash, $2,065.79; B. and L. RR. corporation, $485.75; and profit and loss, $827.31-$472,347.69, Directors.-William E. Livingston, J. B. French, J. F. Kimball, A. F. Wright, D. S. Richardson, C. B. Coburn, A. H. Buttrick and F. H. Nourse, all of Lowell, Mass. WILLIAM E. LIVINGSTON, President.. F. H. Nourse, Treasurer and Clerk.. PRINCIPAL OFFICE AND ADDRESS. .Lowell, Mass. HARTFORD, PROVIDENCE AND FISHKILL RAILROAD. (Opened to Waterbury, 1855. Managed by trustees for the bondholders.) Line of Road.-Providence, R. I., to Waterbury, Ct...... Branch line: Dorance street, Providence, R. I.. Total length..... Sidings and other tracks, 18 miles. Gauge, 4 feet 8 inches. Rail, 60 lbs. ...4.80 miles. South Manchester RR.-Manchester to South Manchester RR...2.50 Rolling Stock.-Locomotive engines, 26. Cars-passenger, 36; baggage and mail, 16; freight, (box, 161; platform, 137; coal, 70,) 368—total cars, 420. Operations for the year ending September 30, 1872.-Trains run-passenger, 322,842; freight, 159,536; other, 59,063-total, 541,441 miles. Passengers carried, 1,207,711; carried one mile, 16,918,265. Freight moved, 266,912 tons; moved one mile, 7,483,216 tons. Payments from net earnings: Interest on funded debt, $145,992.49; balance, *In 1868, the fiscal year, which had previously ended January 31, was changed to December 31, leaving only 11 months for the term ending December 31, 1868. + In 1872, the fiscal year was made to close September 30. The earnings in this table are for the year-including, of course, three months of the operations reported for 1871. |