2. Railroads in which the Companies have a controlling interest. Connecting Railroad, 6.8 miles; Pemberton and Hightstown Railroad, 24.5. Total railroad line owned, leased and controlled.... The "Delaware and Raritan Canal," forming an important part of the united companies: Bordentown, (Delaware River,) N. J., to New Brunswick, (Raritan River,) N. J.... Toth.. .43.0 miles. 22.5 66 .65.0 miles. Thus the united companies own, operate or control 65 miles of canal and 456 miles of railroad, and, including double track, 131 miles, and sidings, etc., 97 miles; in all, 684 miles of track. Rolling Stock.-Locomotive engines, 242. Cars-passenger, 281; baggage, express and mail, 38; house and stock, 965; platform, etc., 1,762—total, 3,046 cars. In addition to this list, each auxiliary railroad has a full equipment of its own. Operations for the year ending December 31, 1872.—United Railroads Division : Trains run-passenger, 2,194,848; freight, 1,681,869; other, 129,024-total, 3,905, 741. Passengers carried, 7,580,795; carried one mile, 162,183,122. Freight moved, 2,536,304; moved one mile, 127,811,174 tons. The earnings of the Belvidere, Delaware and Flemington Railroads were $664,303.18; operating expenses, $515,531.48-net earnings, $148,861.70. A detailed statement is given separately. Abstract of operations of the united companies since the lease: The earnings and expenses of the Philadelphia and Trenton and the United Railroads of New Jersey, Belvidere Delaware Railroad and Flemington Branch, and the Delaware and Raritan Canal in 1872 were as follows: From United Railroads of N. J., etc...$8,266,226 80 For United Railroads of New Jersey. $6,005,166 78 Belvidere Delaware Railroad and Flemington Branch. 64 Delaware and Raritan Canal. 664,393 18 1,524,605 24 $10,455,225 22 "Belvidere Delaware RR. and 661,393 18 1,016,037 49 $7,685,597 45 Total net earnings of railroad and canal in 1872, $2,769,627.77. The gross receipts from these works in 1871 were $8,959,157.06; and those for 1872, $9,962,461.96an increase of $1,003,304.90. The amount required to pay interest on bonds and divi. dends to the shareholders of the United New Jersey Railroads and Canal, under the lease, is $3,292,987.34; to which add the interest at 7 per cent upon the average estimated amount of additional capital employed in conducting the business of the road, "$1,740,890.93," six months, $60,931. 14; add interest on loss in operating road in 1871, "$930,238.23," one year, 7 per cent, $65,116.67—total, $3,419,035.15. From this deduct the amount contributed to the sinking fund from the earnings of the railways in 1872, $112,920; and the amount of debt of the United Companies paid off by the Pennsylvania Railroad Company in 1872, $140,568.12; amount received from investments, $171,629.92-total, $425,118.04; balance, $2,993,917.11. From which deduct net earnings of railways and canals, $2,769,627.77. Leaving the deficit in 1872, $224,289.34; add deficit that had accrued up to January 1, 1872, $930,237.23. The total deficit up to January 1, 1873, was $1,154,527.57. General Balance (not including Philadelphia and Trenton Railroad) at the close of the fiscal year 1870, latest furnished: The funded debt as above is stated in detail as follows: 1. Six per cent sinking fund sterling bonds, 1880 (£262,000 @ $4.84). 2. Six per cent loan of 1870, overdue. $1,268,080 1,240 450,000 1,700,000 866,000 6. Six per cent loan of 1878.. 7. Six per cent loan of 1883. 8. Six per cent loan of 1889. 9. Six per cent consolidated loan, due 1889. 10. Six per cent sterling loan (£369,200 @ $5).. 11. Six per cent sterling loan (£360,000 @ $5).. 12. Six per cent loan of 1888... 13. Seven per cent bond due State of New Jersey... 14. Seven per cent bond due State of New Jersey (United Companies). 15. Six per cent loan, due 1894. Making a total of $16,660,705. 5,000,000 1,846,000 1,800,000 154,000 100,000 500,000 2,000,000 Directors, (elected May 21, 1872.)-John G. Stevens, R. F. Stockton, Benjamin Fish, William G. Cook, Trenton, N. J.; Samuel Welch, Philadelphia; Cambridge Livingston, John J. Astor, Hamilton Fish, New York; A. Welch, Lambertsville, N. J.; A. L. Dennis, N. Perry, Newark, N. J.; and I. W. Scudder, Jersey City, N. J. JOHN G. STEVENS, President.... .Trenton, N. J. ...Newark, N. J. A. L. Dennis, Vice-President.. Line of Road.-Junction City, Ks., (Kan. Pac. RR.,) to Denison, Tex..431 miles. (Parsons, Ks., to Moberly Junction, Mo.............. Branches: Holden, Mo., to Paola, Ks... Total length of railroad constructed and under contract.... ..231 53-284 .715 miles. Of which the following sections were completed and in operation at the close of the fiscal year, March 31, 1873: Completed but not accepted from contractors: Sedalia to Moberly ..... 33 miles side tracks. Gauge, 4 feet 8 inches. Rail, 50 and 56 lbs. to yard. At Denison the main line connects with the Houston and Texas Central, now completed to that point, by means of which the whole railway system of Texas will be connected (through the Missouri, Kansas and Texas) with that of the other States. The company have authority, by act of the Legislature of Texas, passed August 2, 1870, to extend the road across that State, in the general direction of Waco and Austin, to the Rio Grande, an estimated distance of 650 miles; and also, by an addi tional act, to build a railroad southwardly, from Red River to Galveston Bay, with a branch to Sabine Bay, an estimated distance of 350 miles. Rolling Stock.-Locomotive engines, 50. Cars-passenger, 35; baggage and other, 24; freight, box, 297; flat, 290; coal, 56; cattle, 342; other, 43-total, 1,087. Operations from April 1, 1872, to April 1, 1873.-Trains run, 1,295,491. Passengers carried, 152,148; carried one mile, 13,541,176. Freight moved, 248,222 tons; moved one mile, 34,512,497 tons. Freight.... $638,026 73 Roadway... . $320,195 83 1,552,541 46 Stations and trains..... 423,253 02 89,959 86 Roll, stock and gen'l expenses. 331,619 22 37,040 38 Salaries and misc. charges..... 301,839 63 $2,317,568 43 $1,376,907 70 Net earnings..... ....940,660 73 The receipts of the road for the year ending March 31, 1872, were $1,112,858.89, and the operating expenses, $760,387.11; net receipts, $352,471.78 on an average of 390 miles of completed road. The net earnings have been more than enough to pay interest on the funded debt, as the receipts for the year have been on a portion only of the road now completed— and a large part of bonds now outstanding have not been issued long enough to draw interest. The earnings for April, 1873, were $261,774.21-an increase of $144,232.21 over those of April, 1872-and the operating expenses since the completion of the road have been 55 per cent of gross earnings. Cost of railroad... .... 1,230,441 94 Land-grant, RR. & Trust Co 1,929,698 10 1,118,682 67 Land sales... 206,394 37 Bills payable.. $39,534,010 13 1,240,427 30 494,250 30 11,066 00 $39,534,010 13 The operations of the land department for year ending March 31, 1873 have been as follows: 44,160 acres "Congressional lands," sold at an average of $4.37 per acre. $192,765 66 100 The number of acres of land granted to the company is as follows: by United States, 817,742; Kansas, 125,000; and in Indian Country, 3,622,400 acres. The latter grant is subject to treaty stipulations. Land Department Expenditures include taxes for 1870-71-72, ($123,000,) not heretofore settled, owing to controversies with other railroad companies as to title. The following is a statement of the stock and bonds outstanding March 31, 1873 : Capital stock..... .$16,945,000 1st mortgage Union Pacific Railway, Southern Branch, 6 p. c.... 3,355,000 Tebo and Neosho RR., 7 per cent... 396,000 12,845,000 There have been purchased for account of sinking fund since the close of the year, $50,000 of the old U. P. RR. Co. Southern branch bonds, which have been canceled. Also, a drawing of $3,000 of the Tebo and Neosho issue, and $17,000 of the consolidated issue, has taken place. These bonds will be redeemed at par, in gold, by the Union Trust Company, of New York, after June 1, 1873. Directors.-Levi Parsons, Francis Skiddy, L. P. Morton, J. Pierpont Morgan, Erastus Corning, George Denison, Sheppard Gandy, Hezron A. Johnson, David Crawford, Jr., and J. B. Dickinson, New York; J. R. Barrett and R. S. Stevens, Sedalia, Mo.; B. P. McDonald, Fort Scott, Kan. Line of Road.-Hawley, Pa., to Port Griffith, Pa. (double track)....47.00 miles. Branch Line: Hawley, Pa., to Lackawaxen, N. Y. (leased to Erie). .....15.87 .62.87 miles. Total length of road owned by company. Sidings and other tracks, 57 miles. Gauge, 4 feet 3 inches. Rail, 36 lbs. to yard. The road from Hawley to Port Griffith is a gravity road, worked by stationary engines for the transportation of coal mined by the company. No locomotive power. Equipment.-Stationary engines, 23. Cars-passenger, 8; freight, 60; and coal, (4-wheel,) 2,480-total, 2,538. Operations for the year ending December 31, 1872.-Passengers carried, 3,486. Freight moved-anthracite coal, 1,365,038; merchandise and manufactures, 2,692; and lumber, 9,042-total, 1,376,772 tons. Gross earnings-from passengers, $2,611; and freight, $20,422.14-total, $23,033.14. Statement of anthracite coal moved yearly for ten years: |