* $2,000,000 in hands of commissioners, to exchange for Danville, Urbana, Bloomington and Pekin bonds.

Directors, (elected September, 1872.)-William Walter Phelps and Robert Turner, New York City; William Dennison and B. E. Smith, Columbus, O.; L. J. Bond, Monticello, Ill.; S. C. Wilson, Crawfordsville, Ind.; George Nebeker, Covington, Ind.; John C. Short, Danville, Ill.; C. R. Griggs and W. H. Smith, Urbana, Ill.; H. Conklin, Bloomington, Ill.; W. Y. McCord, Mount Pleasant, Ill.; D. T. Thompson, Pekin, Ill.

Line of Road.-Coplay, Pa., to Ironton and Orefield...

....11 miles. Sidings and other tracks, 2 miles. Gauge, 4 feet 8 inches. Rail, 50 and 57 lbs. Rolling Stock.-Locomotive engines, 2. Cars owned by customers.

Operations for the year ending December 31, 1872.-Freight trains run, 11,350 miles. Freight moved-anthracite coal, 12,022; iron and other ores, 89,724; stone and lime, 11,602; and other, 2,529-total, 115,876 tons. Gross (freight) earnings, $48,864.82. Operating expenses, taxes, etc., $33,824.36. Net revenue, $15,040.46. Interest on bond, $7,000. No dividends.

Financial Statement.-Capital stock, (8,000 shares,) $400,000; and funded debt, 1st mortgage 7 per cent bonds, due May 1, 1875, $100,000-total stock and bonds, $500,000. Per contra: Road and equipment, $268,000. Balance of stock, etc., used in mining operations, etc.

Directors.-Robert Lenox Kennedy and L. V. Kennedy, New York City; and Eli J. Saeger and Robert McAllister, Allentown, Pa.

ELI J. SAEGER, President....

Allentown, Pa.

Sec. & Treas.-Chas. Stewart Wurts.. Philadelphia. | General Manager-Robert McAllister..Allentown.

PRINCIPAL OFFICE AND ADDRESS.

.Allentown, Lehigh Co., Pa.

DELAWARE, LACKAWANNA AND WESTERN RAILROAD.

Line of Road.-Great Bend, Pa., to Delaware River.....

The company operate the following branch lines, and lease them all but
the last two:

M. and E. RR.-Hoboken to Phillipsburg, N. J., and Boonton Br... 118.00
Newark and Bloomfield RR.-Newark, N. J., to Montclair, N. J.... 6.00
Chester RR.-Dover, N. J., to Chester, N. J.................
13.00
Warren RR.-Delaware River to New Hampton Junction, N. J.... 18.30
Valley RR.-Great Bend, Pa., to Binghamton, N. Y.....
Greene RR.-Chenango Forks, N. Y., to Greene, N. Y..

11.50

8.00

..115.00 m.

U., C. and Susq. Val. RR.-Utica to C. Forks, N. Y., and Richfield Br.. 98.00
Oswego and Syracuse RR.-Oswego, N. Y., to Syracuse, N. Y...... 35.00
Cayuga and Susquehanna RR.-Owego, N. Y., to Ithaca, N. Y..... 34.60
Syracuse, Binghamton & N. Y. RR.--Syracuse to Binghamton, N. Y. 81.00
Lackawanna & Bloomsburg RR.-Scranton to Northumberland, Pa. 80.00-493.40 m.

Total length of trunk line owned and operated..... .608.40 m. Second track--Main line, 115; Morris and Essex RR., 110; Lack. and Bloomsburg RR., 16; Warren, 18.30 miles-total, 259.30 miles. Sidings, 40 miles. Gauge, 4 feet 8 inches and 6 feet. Rail, 60 and 65 lbs. to yard.

Operations of the several branches and divisions will be found under their respective titles.

Operations of D., L. & W. RR. for the year ending December 31, 1872.-On main line: Trains run-passenger, 247,938; freight, 439,432; and coal, 2,566,890--total, 3,254,260 miles. Passengers carried-through, 6,414; and local, 243, 164-total, 249,578. Freight and coal moved-through, 43,504; and local, 3,404,167—total, 3,347,671 tons. Freight classified-coal, anthracite, 2,914,265; and bituminous, 5,814; petroleum and other oils, 1,912; iron, pig, 7,460; railroad, 55,614; and other and castings, 9,421; iron and other ores, 71,382; stone and lime, 50,584; agricultural products, 52,062; merchandise and manufactures, 52,859; live stock, 5,860; lumber, 90,942; other articles, 29,496-total, 3,347,671 tons.

Net earnings of railroad, $2,719,508.04. Payments from net earnings: Interest on funded debt, $300,288.33; dividends, (5 per cent in January, 24 per cent each in April and July, 1872,) $1,955,205-balance, $464,014.71, added to former surplus, makes total of surplus fund, $712,542.45.

N. B.—The tables of mileage, passengers and tonnage comprise only the business of the D., L. and W. main line. The business of the roads operated and leased by D., L. and W. Co. will be found under their several titles. The schedule of earnings comprises the aggregate coal sales, as well as the earnings from the railroad and other sources.

N. B.-The foregoing dividends include a portion of the surplus on hand accrued before 1st January, 1863.

Deduct aggregate amount paid for coupons and rent of Railroads..

3,142,014 29

Net profits for 1872..

$2.487,372 98

N. B.--The above table uniformly comprises earnings, expenses, etc., for the calendar year of 1872. The exhibits of the several companies, as entered under their respective names, show the operations for their several fiscal years.

Abstract of general account of D., L. and W. for ten years:

N. B.—The previous reports have only contained cost of railroad and equipment. The above figures include the cost of coal lands and improvements, together with real estate and other permanent property owned at various places for the transaction of legitimate business.

Statement of funded debt of D., L. and W. RR. Co. in detail:

* The bonds of these two issues have been reduced by purchase, leaving these sums outstanding. + This sum represents all that have been issued.

The D., L. and W. Company, as above stated, own or lease all the lines operated by them except the Syracuse, Binghamton and New York, and the Lackawanna, and Bloomsburg Railroads. Their general balance-sheet, made up for December 31, 1872, embraced the liabilities and property of all the companies named, as follows:

Detailed statements of the operations of the Lackawanna and Bloomsburg and the Syracuse, Binghamton and New York RRS. will be found under their respective heads.

The rental paid on the Oswego and Syracuse Railroad is 9 per cent of its stock; on the Utica, Chenango and Susquehanna Valley Railroad, 6 per cent; on the Greene Railroad, 6 per cent; on the Valley Railroad, 8 per cent; on the Warren Railroad, 7 per cent; on the Chester Railroad, 6 per cent; on the Newark and Bloomfield Railroad, 6 per cent; on the Morris and Essex Railroad, 7 per cent.

Directors, (elected February 25, 1873.)—William E. Dodge and Moses Taylor, New York City; George Bulkley, Southport, Ct.; John I. Blair, Blairstown, N. J.; Rufus R. Graves, S. B. Chittenden, George Bliss, Percy R. Pyne and W. W. Phelps, New York City; John Brisbin, Newark, N. J.; James Blair, Seranton, Pa.; Denning Duer, Wilson G. Hunt and H. A. Kent, New York City.

Treasurer-Andrew J. Odell.. New York City.
Secretary-Fred. F. Chambers.

Chief Engineer-J. Archbald.. Scranton, Pa.
Master Machinist-Walter Dawson

Div.

Main Line-W. F. Hallstead, Scranton, Pa
M. & E. Div.-A Reasoner, Hoboken, N. J.
S., B. & N. Y. RR.-T. Voorhees, Syracuse.
O. & Syr. Div.-W. B. Phelps, Oswego, N.Y.

Gen. Ticket Agent-W. F. Holwill..New York City. Supts. U. C. & S. V. Div.-G. F. Thompson, Utica.

C. & S.Div.-W. R. Humphrey, Ithaca, N.Y.
Lack.& Bl. RR.-D.T.Bound, Kingston, Pa.

PRINCIPAL OFFICE AND ADDRESS...No. 26 Exchange Place, New York City. Transfer Agency.

.New York City.

CAYUGA AND SUSQUEHANNA RAILROAD.

(Leased in perpetuity to the Delaware, Lackawanna and Western Railroad Company, on an annual rental of $54,600.)

Line of Road.-Owego, N. Y., to Cayuga Lake, N. Y..

Sidings and other tracks, miles. Gauge, 6 feet. Rail, 56 lbs. to yard.

.34.61 miles.

Rolling Stock.-None owned by company. Supplied by lessees. Operations for the year ending September 30, 1872.-Trains run-passenger, 25,718; and freight, 78,828-total, 104,546 miles. Passengers carried, 37,373; carried one mile, 797,053. Freight moved, 120,349 tons; moved one mile, 3,821,065 tons.