pal January 1, 1890, $250,000; and floating debt, $29,250-total stock, bonds and debt, $573,719.55. Per contra: Cost of road and rolling stock, $538,006.03. Directors.-S. T. Fairchild, D. E. Haskell, Joseph Nichols, John Stebbins, Charles Stebbins, Jr., L. W. Ledyard and Charles Brown, Cazenovia, N. Y.; David H. Rasbach, Charles Stroud, Loring Fowler and Hiram Lewis, Canastota, N. Y.; and Philip J. Huyck, Fenner, N. Y. S. T. FAIRCHILD, President.......... ...Cazenovia, N. Y. Sec. and Treas.-D. E. Haskell.. Cazenovia, N. Y. | Superintendent―John Stebbins...Cazenovia, N. Y. CENTRAL RAILROAD OF NEW JERSEY. (Opened, 1852. Lessees of the Lehigh and Susquehanna Railroad.) .64.00 miles. Line of Road.-Phillipsburg, N. J., to Elizabethport, N. J. Total length of road completed and in operation. Leased Roads: Lehigh and Susquehanna Railroad.. 66 ...74.00 miles. ..105.00 Branches, 32.25; and leased roads, 37.50.. 69.75 8.00 South Branch RR. (Somerville to Flemington).... 15.00-197.75 Total length of road in operation December 31, 1872... Second and third tracks and sidings on whole roads.... Total length of tracks in use (including leases).. .630.75 miles. The third tracks on the Central Railroad were put down to accommodate the broad-gauge cars of the Delaware, Lackawanna and Western Railway Company. The company have made large improvements on their lines, in straightening them and reducing grades. Preparations have also been made for additional tracks, and the whole main line is to be laid with steel rail. At the close of 1872, there were 80 miles so laid on the Central Division and 16 miles on the L. and S. Division. It is intended to lay the entire road with steel rails. The extension or branch across the meadows, from the Central Railroad near Elizabethport to the Newark and New York Railroad, has been in operation nearly the entire year. The line from Elizabethport to Perth Amboy has been graded, and it is intended to open this road for operation during the season. The right of way to Long Branch has been secured, and it is intended to push the road to early completion. The “allrail" distance from New York to Long Branch by this line will be 45 miles. On the 31st of March, 1871, the Central Company took a lease of the Lehigh and Susquehanna Railroad, and commenced operations thereon April 1, 1871. This railroad (owned by the Lehigh Coal and Navigation Company) extends from the terminus of the Central Railroad, at Phillipsburg, up the Lehigh Valley and across the moun tain range, into the Wyoming Valley; the main road being 105 miles in length, while, with the branches, sidings and double track, the total trackage amounts to upward of 260 miles. The lease is perpetual, and embraces the lease of the Nesquehoning and other roads operated as branches of the main line. The lessors are to receive one third of the gross earnings made on their roads, but are bound to make good all damages done to their works by freshets. The agreement for consolidation with the Delaware, Lackawanna and Western Railroad Company, set forth in the MANUAL for 1872-73, has been annulled. Rolling Stock.-Locomotive engines, 227. Cars-passenger, 1st class, 115; and 2d class, 13-total, 128; baggage and smoking, 34; baggage and mail, 10; express, 3 -total, 47; and freight, house, (8-wheel,) 351, and (4-wheel) 7; stock, (8-wheel,) 32 ; caboose, (8-wheel,) 9, and (4-wheel) 78; platform, (8-wheel,) 414; and gondola, (8-wheel,) 311-total freight, 1,202; iron and lime, (8-wheel,) 10; (6-wheel) 136, and (4-wheel) 14—total iron and lime, 160; and coal, (8-wheel,) 740, and (4-wheel) 14,401-total coal, 15,141; wood, 23-total revenue cars, 15,914. Statement of engines and revenue cars yearly for ten years: Also, (December 31, 1872,) service cars-gravel, (8-wheel,) 122, and (4-wheel) 163; derrick, 4; tool, 4; and work, 36-total service cars, 329. Operations for the fiscal year ending December 31, 1872.—Trains run—) -passenger, 1,398,147; merchandise, 1,060,742; and coal, 2,142,348-total revenue trains, 4,601,237 miles. Wood, gravel and construction trains run, 288,654 miles. Total of all trains, 4,889,891 miles. The ferry-boats made 40,828 trips between New York and Jersey City, against 39,663 trips in 1871. The ferry between New York and Elizabethport was regularly kept up. Passengers carried, 4,478,573; carried one mile, 49,272,020. Merchandise moved, 1,490,689 tons; moved one mile, 88,560,282 tons. Net earnings, $2,883,911.68. Payments-Rent of Lehigh and Susquehanna Railroad, $810,455.50; interest, $453,041.78; taxes, $65,918.14; dividends, (10 per cent,) $1,755,569.63. 1863. 1864. 1865 1866. 1867. 1868. 1869. 1870. 1871 1872. 871,205 529,017 13.181,971 1,394,359 75.508,020 $1,941,976 $1,127,244 $401,578 10 1,617,268 1,146.484 10 1,881,297 1,200,000 8 Abstract of merchandise and coal tonnage moved over the Central Division for ten years: The gross earnings per mile run by revenue trains and the cost of operating the same are shown in the following statement : The net earnings for the same years were 58, 51, 43, 45, 44, 36, 34, 43, 44 and 45 per centum respectively. No dividend was paid in 1869, the net earnings after interest in that year having been appropriated to the reduction of the equipment accounts. An extra dividend of 10 per centum was made from the renewal fund, as it stood at the close of 1863. Since the close of the fiscal year, the company have issued a supplemental statement, giving the receipts for three months ending March 31, 1873, as $1,802,870.41; and expenses, $1,070,988.79-balance, net earnings, $731,881.62-being an increase over net earnings of corresponding period of last year of $229,693.40. So large a portion of net earnings has been necessarily used for other purposes that the usual quarterly dividends was postponed. * January dividends, and interest on bonds accrued to date. + Including the loan of the L. C. and N. Company, and RR Car Trust, (assumed,) not included in separate column. Per contra: Dec. 31. Con- Stations, Engines Mat'r'ls Ferries Lands,* Docks Stockst Cash and Total of Accounts. Accounts. 1863. 1864 1865. 1866. 1867. 1868. 1869. 1870. 1871. 1872. $4,844,873 $438,476 $773,000 $99,835 $307,150 $820,967 $424,579 $7,708,880 9.764,509 +American Dock and Improvement Company's stock, $1,500,000; the balance advances to the Newark and New York Railroad Company. Directors, (elected May, 1872.)-John Taylor Johnston, John C. Green, Sidney Dillon, James Boorman Johnston, Moses Taylor, New York City; Benjamin Williamson, Elizabeth, N. J.; F. T. Frelinghuysen, Newark, N. J.; Henry D. Maxwell, Easton, Pa. JOHN TAYLOR JOHNSTON, President. Treas. and Sec.-Samuel Knox....New York City. Train Master-E. W. Welsted.. 66 Consulting Eng.-James Moore...New York City. 66 Master William Woodcock.. Elizabeth, N. J. Hampton, H. R. Hawley. PRINCIPAL OFFICE AND ADDRESS...No. 119 Liberty street, New York City. THE UNITED NEW JERSEY RAILROAD AND CANAL COMPANIES. (Union of Delaware and Raritan Canal, opened 1838; the Camden and Amboy Railroad, opened 1834; and the New Jersey Railroad, opened 1836.) In May, 1871, the canal, railroads and works of the united companies were leased for 999 years to the Pennsylvania Company for a rental of 10 per cent per annum on the share capital of the former, and assuming all their obligations. The lessees took possession of the properties December 1, 1871. The united companies, including the Philadelphia and Trenton, owned the following property: 1. Sixty-five miles of canal, connecting the Delaware with the harbor of New York. Navigable for vessels of 250 tons. 2. Two main lines of railroad, forming two routes between New York and Philadelphia, consisting of 165 miles of railroad, of which 104 miles are double track, and with which are connected 60 miles of sidings and terminal tracks. 3. Terminal, station, wharf and ferry property, shops, dwellings for employees and other real estate outside of the right of way. 4. Rolling and floating stock, including upward of 30 steamboats. 5. A controlling interest in 260 miles of auxiliary railroads, of which 35 miles are also leased, and in bridges, ferries, horse railroads, etc., used in connection with the main lines. They also lease and operate 31 miles of other railroad, including the 'Connecting Railroad" to West Philadelphia and the line from Camden, via Pemberton, to Hightstown, N. J. The following is a summary of the miles of railroad owned, operated or controlled by the united companies : 1. Owned directly by the Companies. Philadelphia, (Kensington,) Pa., to Trenton, N. J., all double track.. Bordentown, N. J, to Trenton, N. J Jamesburg, N. J., to Monmouth Junction, N. J.. Monmouth Junction, N. J., to Kingston, N. J. Princetown Branch, 3 miles; other branches, 1.5. Total owned directly. |