12; baggage, mail and express, 4; freight (box, 41; flat, 125; caboose, 3), 169-total, 185. Also, 37 hand cars and 2 snow plows. Operations for the year ending December 31, 1869.-Trains run, 257,004 miles. Passengers carried, 148,723; carried one mile, 2,776,680. Freight moved, 76,793 tons; moved one mile, 3,570,874 tons. Gross earnings-passenger, $173,427 86; freight, 184,582 06; mail and rents, $12,201 47; other, $3,237 03-total, $373,448 48. Operating expenses, including taxes, $235,037 51. Nett earnings, $138,410 97. Statement of earnings account for four years: * Operated 39 m. for 5 months, 48 m. for 4 months and 75 m. for 3 months. Completed to St. Cloud latter part of September, 1866. Funded Debt.-The line from St. Paul to St. Anthony, 10 miles, is $120,000 700,000 And the lands (granted in 1857) are mortgaged for.... 1,200,000 $2,020,000 Total mortgage on roads and lands..... The land-grant mortgage is also a second mortgage on the road. For the purpose of completing and equipping the road from St. Paul to Watab and retiring all outstanding bonds, the company have executed a general mortgage covering all of the property, land of the original and additional grants, franchises, etc., between St. Paul and Watab, amounting to $2,800,000. Of this amount, $2,020,000 is retained in the hands of trustees, to be used in retiring all prior issues, and the remainder, $780,000, is made payable, principal and interest in gold, at London, and also receivable at par by the Company for lands. The main line is completed to St. John, 100 miles from St. Anthony, and the grading is completed to Chippewa River, 25 miles further, the iron purchased and on its way, and by October 1, 1870, it is expected the road will be completed to Breckenridge. The Western Line is encumbered by two mortgages-one securing bonds to the amount of $3,000,000, which is a second mortgage on the first 150 miles of road, and also a first mortgage on the lands granted under the act of 1857 for the same distance; the second securing bonds to the amount of $6,000,000, which is a first lien upon the road-bed and upon all the lands granted by the act of March 3, 1855, and upon all the lands granted for the construction of the last 60 miles of road. Land Department.-The extent of the land-grant, as mentioned above, will amount to about 1,800,000 acres, being 500,000 acres for the Watab Line and 1,300,000 for the Breckenridge Line. These lands are not taxable until conveyed. For this privilege the Company pays the State 1 per cent. on its gross earnings for the first three years after 30 miles of road are completed; 2 per cent. for the seven years next ensuing; 3 per cent. thereafter, in lieu of all taxation and assessment whatever. The sales of land up to December 31, 1839, do not include the higher priced lands in the vicinity of the railroad, which were reserved pending construction, and are shown in the following tables for each line separately: If the remainder of the Company's lands reach an average of $8 per acre as is anticipated, there will be collected from these sources a sufficient amount to pay off the whole bonded debt of the Company. The towns laid out by the Company on the line of the roads are expected to enhance the value of their lands to the amount of $1,000,000. Directors (elected 2d Tuesday of June, 1869).-George L. Becker, St. Paul, Minn.; E. D. Litchfield, London, Eng.; Jared Benson, Anoka, Minn.; L. Wilmar, London, Eng.; Herman Trott, St. Paul, Minn.; Leander Gorton, Minneapolis, Minn.; T. B. Campbell, St. Paul, Minn. (Consolidation of railroads of same name in New York, Pennsylvania and Ohio, and since December 12, 1868, leased to and operated by Erie Railway Company.) Line of Road.-Salamanca (Erie R'y, 415 m. W. N. Y.) to Dayton, O..387.32 m. Meadville, Pa., to Oil City, Pa.... Branches: { Wadsworth, O., to Silver Creek Coal Mines...... .33.20 4.98 38.18 “ Total length of road owned by Atlantic and Great Western RR.. Leased: Cincinnati, Hamilton and Dayton RR. 425.50 m. 60.13-140.31" 565.81 m. Total length of railroad leased and operated by Erie Company.... Second track and sidings, 100 miles. Gauge, 6 feet. Rail, 56, 60 and 65 lbs. to yard. Rolling Stock (July 1, 1869).-Locomotive engines, 156. Cars-passenger, 83; express and baggage, 36; freight, 3,357-total, 3,476 cars. Also, 12 other cars. Operations for the year ending June 30, 1869: Trains run-passenger, 740,646; freight, 2,838,829; other, 264,650-total, 3,814,125 miles. Passengers carried, 882,894; carried one mile, 42,652,418. Freight moved, 2,475,315 tons; moved one mile, 319,717,106 tons. Gross earnings—passenger, $892,169 21; freight, $4,022,915 14; mail and express, $104,602 47; other, $77,680 48-total, $5,097,367 30. Operating expenses, including taxes, etc., $3,459,288 96. Nett earnings, $1,638,078 31. Rent of Cleveland and Mahoning Railroad, $273,672 60; renewals, $307,713 88; miscellaneous, $320,494 49. Also, expended for general construction, $816,266 75. General Balances.-Capital stock, $30,000,000; funded debt, $29,999,900; interest on same to September 25, 1869, $6,897,572 50; debentures, $14,000,000; floating debt-foreign, $12,000,000; domestic, $1,000,000-$13,000,000; total stock, bonds and debt, $93,897,472 50. The funded debt comprises the following issues of bonds: The characteristics, operations, etc., of the road, as above, are taken from three separate reports. The first, from July 1 to December 12, 1868, by Robert D. Potter, receiver; the second, from Dec. 13, 1868, to April 8, 1869, by the Erie Railway Company, lessees; the third, from April 9, 1869, to June 30, 1889, by Jay Gould and W. Archdall O'Doherty, receivers. JAY GOULD and W. ARCHDALL O'DOHERTY-Revicers.. N. Y. City. Treasurer. Wm. R. Barr. B. W. Blanchard. ...J. M. Osborn. J. D. White. | Ceneral Passenger Agent.. RECEIVER'S ADDRESS.. GREENWICH AND JOHNSONVILLE RR. (in Progress). 14 miles. Line of Road.-Johnsonville, N. Y., to Greenwich, N. Y.. Capital stock, $150,000; subscribed, $137,700; paid in, $94,600. Funded debt, 1st mortgage 7 p. c. bonds, $18,000. Cost of road, etc., to October, 1, 1869, $111,400. Directors.-Wm. M. Holmes, J. G. Parker, Harvey Wilcox, R. W. Lowber, Adam Cotterell, Wm. M. Palmer, Walden Eldy, Hen y L. Mowry, Andrew Thomp s›n and Edwin Andrews, Greenwich, N. Y.; Wm. D. Robinson, North Greenwich, N. Y.; Thomas Whiteside and E. S. Kenyon, Centre Cambridge, N. Y. 37 66 19 Line of Road.-Lansing, Mich., to Pentwater (Lake Mich.), Mich.....130 miles. Completed and in operation Lansing to Ionia...... Graded and ready for the iron, Ionia to Greenville... Gauge, 4 feet 8 inches. Rail, 50 lbs. to the yard. Rolling Stock.-Locomotive engines, 4. Cars-box freight, 20; platform, 40. General Balances.-Capital stock, authorized, $1,200,000; paid in, $13),000. Municipal aid to the amount of $140,000 was donated for the road between Lansing and Greenville. The Company have issued $770,000 1st mortgage 8 per cent. bonds, due 1889, on the same portion of the line. Directors.-Hampton Rich, Frederick Hill, Osmond Town, John C. Blanchard, W. P. Burhaus, Ionia, Mich.; Chas. Borland, Stephen Bingham, Lansing, Mich.; R. B. Smith, H. Barton, James Newman, Portland, Mich.; M. F. Jennison, Eagle, Mich.; Peter Kent, Grand Ledge, Mich.; James F. Joy, Detroit, Mich. (Leased and operated by Rensselaer and Saratoga Railroad Company.) 5.76 miles. Line of Road.-Fort Edward, N. Y., to Glens Falls, N. Y..................... Sidings, etc., 0.72 mile. Gauge, 4 feet 8 inches. Rail, 60 lbs. to yard. Rolling Stock, Operations, etc.-Included in return of lessees. General Balances.-Capital stock, $200,000; paid in, $96,639 50; funded debt, 1st mortgage 7 per cent. bonds, $125,000. Per contra: Cost of road, etc., $221,639 50. Directors.-George II. Cramer, E. Thompson Gale, J. M. Warren, George B. Warren, John A. Griswold, J. L. Van Schoonhoven, W. H. Shepard, Thos. White, D. Southwick, Geo. M. Tibbitts and W. Howard Hart, Troy, N. Y.; B. E. Bates, Boston, Mass.; Daniel S. Miller, New York City. NEW YORK AND HARLEM RAILROAD. 80.25 miles. 50.50 Line of Road.-New York City to Dover Plains, N. Y.. Total length of line owned by Company.... 46 .132.87 miles. Second track and sidings, 45.50 miles. Gauge, 4 ft. 8 in. Rail, 56 to 64 lbs. to yd. The Boston and Albany Railroad is used from Chatham Four Corners to Albany, 24 miles. Rolling Stock (September 30).-Statement of locomotive engines and cars (rated 8-wheel) in use on the line at date, annually: doings in Operations (years ending September 30).-Statement showing the " transportation," the earnings and expenses, etc., 1862-3 to 1868-9, inclusive: Pass'gers 814,709 746,220, 745.703 212.197 210.583 227,815 804,612 960,641 913,146 885,141 952.308 Regular. 859.488 carried: Total City Line passengers.. 1,113,982 293,550 811.877 1,177.789 1,243.545 1,407,532 1,580,831 1,667.578 1,668.193 4,265,190 5,795,238 7,193,476 7,391,683 7,049,823 7,090,197 7,593,279 1,207,486, 1,275,764 1,248,361 873,345 391.814 419,832 Pass'gers carried one mile: Regular.. Total Tons of freight moved. 11,501.644 17,127,869, 33.901.143 25,739,004 21,646.963; 24,781.777-22,733,167 3,512,716 3,814,762 4,192,210 4,845,306 4,783,750 4,850,250 5,219,975 15,014,360 20,942.631 38.093,353 30,584.310 29,430.713 29.632,027 27.953,142 6,339,295 8,692,857 10,790,214 11,087,524 10,574,734 10,635,295 11,299,918 233,981 236.467 239.603 298,206 264,428 287,552 311,104 Tons carried one mile.... 18,201,839 15,571,828 17,153,978 22,107,033| 16,154,304 15,852,537 17,178,695 $512,175 $735,161 $1,053.315 $1.130.875 $1.086.342 $1.095,201 $1,097.670 707,320 864,558 1,093,668 1.300,183 1,167.621 1,208,576 1,258.542 192,931 260.709 352,742 352.641 434,158 452,455 420.678 $1,412.426 $1,860,428 $2,509,725 $2,783,699 $2.688,121 $2,756,232 $2,776,890 910.917 1,409,820 1,874,677 1,661.330 1,521,636 1,772.687 1,817.145 471,509 450,608 635,048 1,119,369 1,166,485 983,545 959.745 20.744 20.898 13,342 14.470 Earnings.. of road: Profits. Expenses. |