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Rolling Stock.-Locomotive engines, 46. Cars-passenger, 26; baggage, mail and express, 12; freight, (box, 441; stock, 66; coal, 663,) 1,170—total revenue care, 1,208. Service cars, 108.

Operations for the year ending December 31, 1872.

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The earnings and expenses prior to June 1, 1872, do not apply to that part of the line south of the Ohio River. Some expenditures for construction from earnings are included in operating expenses.

Payments from net earnings: Interest on funded debt, $146,245; taxes, $3,656.12 ; balance, $20,378.04.

Financial Statement.-Capital stock, authorized, $16,000,000; paid in, (preferred, $6,000,000; common, $5,000,000,) $11,000,000. Funded debt, $5,807,000. Per contra: Cost of construction, 11,089,000; equipment, $1,725,000; real estate, etc., $700,000; stocks and bonds, $3,293,000.

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*This includes bonds for conversion of all other issues equal to $4,250,000.

2,000,000

Directors, (elected September, 1872.)—Edward F. Winslow, St. Louis, Mo.; Jas. H. Wilson, New York; Joseph J. Castles, Equality, Ill.; J. F. Alexander, Greenville, Ill.; Charles W. Gardiner, St. Louis, Mo.; Bluford Wilson, Shawneetown, Ill.; William Heilman, John A. Reitz, Samuel Bayard and Thomas E. Garvin, Evansville, Ind.; S. B. Vance, Jackson McClain, Henderson, Ky.; and W. L. Gordon, Madisonville, Ky.

EDWARD F. WINSLOW, President..

James H. Wilson, Vice-President.

.St. Louis, Mo.
.New York City.

Treas. & Sec-Charles W. Gardiner.St. Louis, Mo. | Master Mech.-L. B. Salisbury....Mt. Vernon, IL Auditor-John P. Hains

Gen. Man.-E. F. Winslow.

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Asst. Supts. H. L. Morrill..
J Geo. S. Winslow....Mt. Vernon, Ill.
Evansville, Ind. |
Chief Engineer-E. C. Rice
St. Louis, Mo.
Road Master-A. E. Gaylord.. .Mt. Vernon, Ill.
Supt. of Bridges-G. S. Winslow.. Mt. Vernon, Ill.

PRINCIPAL OFFICE..
New York Office..

St. Louis, Me.

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Train Dispatcher-D. E. Rice.
Gen. Tkt. Agt.-W. B. Davenport
Gen. Fgt. Agt.-John W. Mass
Purchasing Agent-C. W. Gardiner."
Transfer B. S. Swift.
Agents J. H. Wilson.

.Cor. 4th and Walnut streets, St. Louis, Mo.

...70 William street, New York City.

LAKE SUPERIOR AND MISSISSIPPI RAILROAD.

(Leased to the Northern Pacific Railroad Company for 999 years, from May 1, 1872.)

Line of Road.-St. Paul, Minn., to Duluth, (Lake Superior,) Minn.....156 miles.
Stillwater and St. Paul RR.-White Bear to Stillwater..13 m.
Minneapolis & Duluth RR.-White Bear to Minneapolis...14
Minneap. & St Louis RR.—Minneap. to Sioux City J'nct'n.28"

Leased Roads:

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Total length of railroad operated by the L. S. and M. Railroad..... .211 miles. Sidings and other tracks, 28 miles. Gauge, 4 feet 8 inches. Rail, 53 lbs. to yard. (The mortgages of the Lake Superior and Miss. Railroad Company do not cover the property of the leased roads.)

The Stillwater and St. Paul Railroad was leased by the L. S. and M. Railroad November 1, 1870, for 999 years from January 1, 1871, at $28,000 a year, payable in coin, and $1,000 per annum, payable in currency, together with all U. S. and other taxes.

The Minneapolis and Duluth Railroad was leased by the L. S. & M. Railroad for a like term, from September 1, 1871, at $28,000 in coin, and $3,000 in currency, per annum, the latter payable from and after November 1, 1873, for not exceeding 37 years, making a sinking fund for the payment of the bonds at maturity, and in like manner free from all taxes.

The Minneapolis and St. Louis Railroad was leased by the L. S. and M. Railroad for 999 years, from November, 1871, at $49,000 in coin per annum, and all taxes, and after July 1, 1876, $5,000 per annum in currency, for a sinking fund for the payment of the bonds at maturity.

Rolling Stock, owned by Lake Superior and Miss. Railroad Company, leased to the Northern Pacific Railroad Company.-Locomotive engines, 11. Cars-passenger, 10; baggage, mail and express, 4; freight cars, (box, 191, platform, 148, stock, 4,) 343-total revenue cars, 357; road and service cars, 118.

Owned by the Minneapolis and Duluth Railroad, leased to the Lake Superior and Miss. Railroad, and assigned to the Northern Pacific.-Locomotive engines, 2. Run on the road by the lessees, in addition to the above, locomotive engines, 11. Cars -passenger, 4; baggage, mail and express, 3; freight, box, 314; and platform, 140. Total rolling stock in use on railroad: Locomotive engines, 24. Cars-passenger, 14; baggage, mail and express, 7; freight, 797; and service, 118.

Operations for the year ending December 31, 1872.-Gross earnings from January 1. 1872, to December 31, 1872, $731,612.23; operating expenses to May 1, 1872, and 70 per cent retained by lessees, May 1, to December 31, 1872, $560,611.36; net earnings, $171,000.87. Amount payable annually by the N. P. Railroad as interest on $500,000 bonds, (due for half interest in 24 miles of L. S. and M. Railroad, from Duluth to Northern Pacific Junction, purchased by N. P. Railroad,) $35,000 goldequivalent to $39,550 currency, payable in July and January; net receipts of land department, $110,800, added to net receipts from operations, give $321,350.87.

There has been received by the land department in addition to ordinary receipts, $215,000 from an extra sale of land, made for the purpose of providing means for payment of interest, due July 1, 1871, and January 1, 1872.

Land Department.—The company has two land-grants; one from the United States, of 992,000 acres, and one from the State of Minnesota, of 694,000 acres. these, 500,000 acres are rated as pine lands; 700,000 acres as hard wood and oak open

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ings; and the remainder as meadow, prairie, and swamp land. The company has also received donations from St. Paul and St. Louis counties to the amount of $200,000 and $150,000 in bonds, respectively.

Financial Statement, December 31, 1872.

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$7,422,000

Bills receivable..

14,613 62

Bills payable.
Other liabilities.
Profit and loss

815,253 30

$41,500, 1st mortgage bonds.

39,590 76

175,839 39

Cash and other assets..

46,943 52

121,272 77

$8,031,365 46

$8,034,365 46

Assets in addition to the above, $278,000 income 10 per cent bonds; $139,000 St. Louis Co. bonds.

Interest payable by the Lake Superior and Miss. Railroad Company, payment of which is assumed by the Northern Pacific Railroad Company, per terms of lease, May 1, 1872, viz.: On 1st mortgage bonds, $4,500,000, at 7 per cent gold, and taxes on same, $315,000 gold, coupons due January and July 1. (2d mortgage bonds, $3,200,000, in course of conversion into income 10 per cent bonds, interest to be paid when earned.)

Interest payable on bonds of leased lines, viz.: Stillwater and St. Paul Railroad, $400,000, 7 per cent gold coupons, June and December 1, $28,000 gold; Minn. and Duluth Railroad, $400,000, 7 per cent gold coupons, April and October 1, $28,000 gold; Minn. and St. Louis Railroad, $700,000, 7 per cent gold coupons, January and July 1, $49,000 gold-total, gold, $420,000.

The majority of the stock was issued and disposed of in connection with the bonds. First mortgage bonds, 7 per cent, $4,500,000. These bonds are secured on the road, lands and other property of the company, are payable principal and interest in gold coin, and have 30 years to run from January 1, 1869. Coupons are payable January and July 1, free of U. S. tax. Principal to be redeemed by a sinking fund, provided for from receipts of the land department.

Second mortgage bonds, 7 per cent, $3,200,000. These bonds are also secured on the road, lands, etc., subject only to the first mortgage bonds; are payable in like coin; and have 30 years to run from April 1, 1870. In accordance with the terms of the lease to the Northern Pacific Railroad Company, these bonds are being exchanged for the income 10 per cent bonds of the company.

Directors, (elected June 3, 1872.)-William G. Moorhead, Samuel M. Felton, Isaac Hinckley, I. Hinckley Clark, Frank H. Clark, Charles Eliot Furness, James Smith, Jr., J. H. Stewart, William Dawson, George Burnham, Charles H. Graves, Benjamin S. Russell, William D. Washburne.

FRANK H. CLARK, President....

.Philadelphia, Pa.

Treas. & Sec.-Thomas M. Davis..St. Paul, Minn. | Asst. Sec.-S. W. Colton, Jr...... Philadelphia, Pa. PRINCIPAL OFFICE AND ADDRESS.. ..St. Paul, Ramsey Co., Minnesota.

DANVILLE, HAZLETON AND WILKESBARRE RAILROAD.

(Leased March 1, 1872, to the Pennsylvania Railroad Company.)

.45 miles.

Line of Road.-Sunbury, Pa., to Tomhicken, Pa... Sidings and other tracks, 2.5 miles. Gauge, 4 feet 8 inches. Rail, 56 lbs. to yard.

Rolling Stock.-Locomotive engines, 5. Cars-passenger, 2; baggage, mail and express, 2; freight, 10; and coal, 7-total, 21.

Operations for January and February, 1872.-Trains run-passenger, 5,616; and freight, 5,292-total, 10,908 miles. Passengers carried, 2,599. Freight moved, 4,048 tons. Gross earnings: From passengers, $2,038.61; freight, $8,218.52; and other, $111.07-total, $10,368.20. Expenditures: For maintenance of way, $2,419.26; rolling stock, $799.54; and transportation, $3,268.58-total, $6,487.38. Net earnings, $3,880,38.

Financial Statement.-Capital stock ($800,000) paid in, $684,235; funded debt, 1st mortgage 7 per cent bonds, interest April and October, and principal October 1, 1887, $1,400,000; and floating debt, about $160,000-total stock, bonds and debt, $2,244,235. Per contra: Cost of road, $1,072,350; and of rolling stock, $30,250-total, $1,102,600. Estimated value of real estate, $350,000.

Directors.-J. H. Kase and M. W. Kase, Danville, Pa.; S. P. Wolverton and Benjamin Hendricks, Sunbury, Pa.; A. W. Reynolds, Buck Horn, Pa.; A. F. Porter, Norristown, Pa.; and J. H. Monroe, Catawissa, Pa.

S. P. KASE, President......

Secretary-M. W. Kase......

...........

.Danville, Pa.

.Danville, Pa. | Treasurer-S. P. Wolverton ..... ...Sunbury, Pa. PRINCIPAL OFFICE AND ADDRESS...

..Danville, Montour Co., Pa.

CORNWALL RAILROAD.

.....7.47 miles.

Line of Road.-Cornwall, Pa., to Union Canal, Pa......
Branches crossing Union Canal, 1,000 feet, and to N. Cornwall, 4,600 feet.1.06

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Sidings and other branches, 2.5 miles. Gauge, 4 feet 8 inches. Rail, 56 to 68 lbs.
Rolling Stock.-Locomotive engines, 4. Cars-coal and ore, 156.
Operations for the year ending December 31, 1872.-Trains run, 12,000 miles.
Freight moved, 304,5084 tons.

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Net earnings, $50,265.53. Payments dividends, 8 per cent, $24,000; other, $20,152.52. Surplus fund, $6,113.01.

Financial Statement.-Capital stock, $300,000. Per contra: Construction, $335,206.14; and rolling stock, $79,671.35-total, $414,877.49.

Directors.-A. Wilhelm and Jacob Weidle, Lebanon, Pa.; Samuel Small, York, Pa.; and David S. Hammond and John W. Mish, Lebanon, Pa.

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DELAWARE AND HUDSON RAILROAD.

(Owned and operated by the Delaware and Hudson Canal Company.)

Line of Road.-Scranton, Pa., to Honesdale, Pa..... .45 miles. Second track, 32; and sidings, 33 miles. Gauge, 51, 561 and 72 in. Rail, 45 to 56 lbs. Leased Baltimore Coal and Union RR. (Green Ridge to Mill Creek).......17 miles.

Equipment.-Engines, (locomotive, 16; and stationary, 30,) 46. Cars-passenger, 3; baggage, mail and express, 1; freight, 167; and coal, 4,092-total, 4,263. Capacity not stated, but probably nearly all 4-wheel cars.

Operations for the year ending December 31, 1872.-Trains run-passenger, 31,926; and freight, 30,884-total, 02,810 miles. Passengers carried, 144,431. Freight moved, 2,504,009 tons.

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Financial Statement.-Capital stock and debt embraced under Delaware and Hudson Canal Company. Cost of road, etc., $3,404,498.37; and of equipment, $926,638,50 -total cost of railroad property, $4,331,136.89. (See D. and H. Canal.)

R. MANVILLE, Superintendent of RR. Department. .Carbondale, Pa.

CONNECTING (Philadelphia) RAILROAD.

(Leased and operated by the Philadelphia and Trenton RR. Company.)

Line of Road.—Pennsylvania RR. to Philadelphia and Trenton RR...6.78 miles. Second track, 6.78; and sidings, 2.75 miles. Gauge, 4 ft. 9 in. Rail, 67 lbs. to yard. Operations for year ending December 31, 1872.-Included in lessees' report. Financial Statement, December 31, 1872.-Capital stock, 25,566 shares, $1278,300; funded debt-1st mortgage 6 per cent bonds, in five series, A, B, C, D and E, due September 15, 1900, 1, 2, 3 and 4 respectively, $991,000—total stock and bonds, $2,269,300. Per contra: cost of railroad and appurtenances, $2,278,300.

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Line of Road.-Lawrenceville, Pa., to Elkland, Pa......

......12 miles.

Graded, about 10 miles. Five miles of iron laid but no business done as yet. Financial Statement, January 1, 1873.-Capital stock authorized, $200,000; and subscribed,. $90,000; and funded debt, 1st mortgage 7 per cent gold bonds, dated

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