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HISTORY 



'\,' 



OF THB 



EAILE0AD8 



AND 



CA.NA.L8 



OF THS 



UNITED STATES OF AMERICA, 



BXHIBITINO THEIR 



Progress, CSost| BevenueSi Expenditures & Present Oondition. 
By HENRY V. POOR, Esq., 

ESditor oT tlie **^xn.erioa]i Railroad. Journa 1.** 



IN THBEE VOLUMES— VOL. I. 



Ucfo JJorh: 

JOHN H. SCnULTZ & CO., No. 9 SPRUCE STREET. 

18G0. 




Entered ftccordmg to Act of Congress, in the year I860, 

By He nut V. Poor, 

in the Clerk's office of the District Court of the Southern District of the State of New York 



Edward J. Lap pin, 

Stcreotyper, 

No. 11 Spruce street, New York, 



TO THE 



^mmran 6£0Jjra.pJual ^ ^tatistiral Scrutif, 



THIS WORK, 



▲ CONTRIBUTION TO THE OBJECTS OF THE SOCIETT, 



BEBPKCTrULLT I58C&IDBD 



A MEMBER. 



This work is designed as a comprehensive statement of the progress, cost, 
revenues, expenditures and financial condition of the Railroads and Canals 
of the United States. The need of such a work has long been felt. There 
is not in this country as in most others, a central point at which the more 
important companies are either domiciled, or at which all are required to 
present annual statements of their affairs, for the reason that they derive 
their existence and powers from the legislatures of the several States. In a 
few States only is such a duty imposed. Where it is, it is often neglected, 
no penalty being suffered thereby. It is not uncommon for leading compa- 
nies to publish no reports whatever. Some make them unwillingly, with no 
design to convey information upon the subjects to which they relate. Re- 
ports that are full and explicit are accessible only to a small number of parties 
interested. Fewer still have the means of comparing results for consecu- 
tive years, without w^hich it is impossible to form a correct opinion as to the 
manner in which a work has been conducted, or of its present or prospective 
value. A single statement, as experience has shown, is a very unsafe ground 
upon which to base an opinion. A high degree of apparent prosperity 
that one report may show, has not unfrequently been followed by bankruptcy 
before the annual occasion for another. What is wanted, consequently, is a 
work which shall embody within convenient compass a statement of the 
organization and condition of all our companies, and at the same time 
present a history of their operations from year to year, which would neces- 
sarily reflect the character of their management, the extent and value of 
their traflic, and supply abundant illustrations, with which to compare similar 
enterprises that might be made the subject of investigation and inquiry. 

Such a history is now given, in which is shown every important step taken 
by each company ; its present organization and condition ; the yearly cost, 
earnings and expenditures of its works, and the dividends and interest 
paid — the whole stated in such a manner that both the details and aggregate 
results can be seen at a glance. The necessary information has been sought 
from every available source, and it is believed that no errors will be fonnd of 
mflhnent importance to affect the value of the work. 



In the statement for each company no explanations of its acts or policy, or 
speculation as to the cause of its success or want of success have been offered 
All such would be worse than useless, as they would encourage a tendency, 
so strong in all, to substitute results that are desired for such as actually take 
place. In the memoirs preceeding each State, more latitude is used, but these 
are little else than recapitulations of the detailed statements. 

Numerous works, which have been discontinued or united with others, 
have been described, for the purpose of preserving, in a convenient form, 
a large amount of information collected upon the subject of our public 
improvements, which otherwise might be lost, and to trace, while it could be 
done, the very beginnings of an interest, which, in the short period of thirty 
years, has grown into gigantic proportions. 

For convenience of reference, a list of all the Railroad Companies chartered 
in the several States is given, with a brief abstract of all law^s passed in 
relation thereto. The General Railroad Law of the State of New York is 
also given, as this is now the organic law for all the companies of that State, 
and is the model upon which in other States all similar laws have been framed. 

The First Volume of the work is illustrated by two large and accurate 
Maps — one of the New England States, and the other of the Middle Atlantic 
States — exhibiting their physical features, political divisions, and the line 
of the railroads and canals within their limits. The Second Volume is i 
course of preparation, and will soon follow. It will be illustrated by map 
of other portions of the country, and by a new general raap of the United 
States. All the maps are drawn and engraved under the supervision of 
G. Woolworth Colton, Esq., whose diligence, accuracy and extensive infor- 
mation are sufficient guarantee for their con*ectness. 

The work has been one involving a great amount of labor and research, 
and the author takes occasion to acknow^ledge the great obligations he is 
under to Dr. R. S. Fisher, one of the most accomplished statists of the 
country, for the very valuable aid rendered by him. 

The work will be continued by an annual supplemental statement, to be 
published soon after the close of each year, presenting a summary of the 
operations of all the works of the country for the previous one. 



CONTENTS. 



STATE OF MAINE. 

Preliminary Memoir • Page 9 

Railroads of the State in detail " 13 

Laws of the State in reference to Railroads. " 34 

STATE OF NEW HAMPSHIRE. 

Preliminary Memoir Page 37 

Railroads of the State in detail " 41 

Laws of the State in refereace to Railroads " 66 

STATE OF VERMONT. 

♦ Preliminary Memoir Poge 69 

g. Railroads of the State in detail. " 72 

Laws of the State in reference to Railroads. " 83 

8 STATE OF MASSACHUSETTS. 

Preliminary Memoir Page 85 

Railroads of the State.in detail " 94 

Laws of the State in reference to Railroads " 174 

STATE OF RHODE ISLAND. 

Preliminary Memoir Page 185 

Railroads of the State in detail " 187 

Laws of the State in reference to Railroads " 191 

STATE OF CONNECTICUT. 

Preliminary Memoir Page 192 

Railroads of the Stite in detail " 195 

Laws of the State In reference to Railroads : " 216 

STATE OF NEW YORK. 

Preliminary Memoir Page 218 

Railroads of the State in detail. " 229 

Laws of the State in reference to Railroads. " 325 

Canals of the State in detail. " 353 

Tii 



Vm CONTEXTS. 

STATE OF NEW JERSEY. 

PreUmiqary Memoir Page 377 

lUilroadi of the SUU in detail " 382 

Laws of the State ia reference to Railroads. " 406 

Canalaof the State in detail *' 411 

STATE OF PENNSYLVANIA. 

Preliminary Memoir Pare 414 

Railroad* of the SUte in detail " 422 

Laws of the Slate in reference to Railroads " 519 

Canal* of the State ia deUil. "* 536 

^^TATE OF DELAWARE. 

PreliminarT Memoir- : Poire 562 

Railnxad* ^^ the Sute in deUil •* 564 

Law* of the Sute in reference to Railroads ** 563 

Canal* of the State in detail. •* ** 5€9 

STATE OF MARYLAND. 

PreliminarT Memoir P<^e 572 

Railroad* of the State in deUil " 576 

Law* of the State in reference to Railixwd*. *• 599 

Ouaab of the State in detaU. - 6C2 

GtXKEAi IsMX Pas'* 607 



RAILROADS 

OF THE 

UNITED STATES OF AMERICA. 



STATE OF MAINE. 



Amdroscogoin. 

AltUROSCOGGIN AND KeNNEBEC. 

Atlantic and St. Lawrence. 

^ANQOR, OlDTOWN AND MiLFORD. 

Cauis and Baring. 
Btjropean and North American. 
Great Falls and South Berwick. 
Kekkebec and Portland. 



Lewey's Island. 
Machiasport or Franklih. 
Penobscot. 

Penobscot and Kennebec. 
Portland and Oxford Central. 
Portland, Saco and Portsmouth. 
Somerset and Kennebec. 
York and Cumberland. 



The first railroad constructed in the State of Maine was the Bangor, 
Oldtown and Milford, under the title of the Bangor and Piscataquis Rail- 
road and Canal Company, chartered on the 8th February, 1833. It was 
opened in the latter part of 1836. It has proved unproductive, in part from 
ttie unfortunate location of its line. 

The road next constructed was the Portland, Saco and Portsmouth, as a 
prolongation of the Eastern and the Boston and Maine Railroads of Mas- 
sachusetts. The means for the construction of the same were furnished 
chiefly by parties connected with these Companies, to which it was leased on 
the 28th of April, 1847, for a term of 99 years, with a guarantee of dividends 
at the rate of 6 per cent, per annum. These, however, have been earned by 
tlie road. 

The third road undertaken was the Atlantic and St. Lawrence, and was 

^^ first attempt at any thing like a railroad system for the State, having 

for its object the development of its resources and the centralization of its 

trade and that of the interior at its chief commercial city. It was con- 

atructed with a view of uniting with the St. Lawrence and Atlantic of 

Canada commenced at the same time — the two to form one line between the 

Atlantic Ocean and the River St. Lawrence. It now forms a part of the 

Grand Trunk Railway of Canada, to which it is leased at the rate of 6 per 

^Qt per annum on its capitid. Since the date of the lease the Grand Trunk 

2 9 



10 STATE OF MAINE. 

Company has expended in construelion about $1,500,000. This entcrj>rise 
led to the immediate commeneemoiit of the Androscoggin and Kennebec, the 
Kennebec and Porthmd, and the Bucktield Branch. The Androscogc^in and 
Kennebec Raih'oad was commenced in July, 1847, and completed in Novem- 
ber, 1849. For several years past this road has been united with the Penobscot 
and Kennebec Kailroad, both of which are operated as one line. Its earnings 
have been sufficient to meet the interest on its indebtedness, but not to divide 
anything on its share capital. 

The construction of the Kennebec and Porthmd Railroad was commenced 
in 1847, and finally opened to Augusta early in 1852. It commenced at the 
point of junction with the Atlantic and St. Lawrence Railroad, but as it 
adopted a different gauge, the construction of a new road into Portland, a 
distance of 11 miles, became necessary. This wiis constructed in 1850-1. 
The road was necessarily expensive, and the Company for several years past 
has only been able to meet the interest on its lirr>t mortgage amounting 
to $800,000, and on the extension certificates ^02,400, which are a first 
mortgage on that portion of road. In the season of navigation the road 
Bufiers from the competition of a parallel water line. 

The Buckfield Branch (Portland and Oxford Central) Railroad was opened 
in 1849, but having proved unproductive has been abandoned. 

York and Cumberland was commenced in 1849, and opened to Gorham, 
lOi miles, in 1851, and to the Saco River, 20 miles, in 1853. It has been 
uniformly unfortunate and unproductive. 

Tlie Calais and Baring, a local road, was opened in 1837. Its earnings 
have been sufficient to meet the interest on its indebtedness, and pay 3.2 on 
its share capital. 

The Androscoggin was opened to T.ivermore P^alls in 1852 — to its present 
terminus in 1859. This road has failed to pay the interest on its last class 
of bonds. 

The Penobscot and Kennebec Railroad was commenced in 1852, and 
completed in 1855. This road and the Androscoggin and Kennebec are 
operated as one line. Its net earnings have been sufficient to meet the 
interest on its two first mortgages, amounting to 81,050,200. 

The Great Falls and South Berwick Railroad was opened in 1854, and 
has proved unproductive. After being disused for some time, it has again 
been put in operation. 

The total amount of share capital and debts of the railroad companies of 
the State is $17,923,612. Of the share capital, $4,297,300 receives, (with the 
exception of the Calais and Baring), dividends at the rate of 6 per cent. Of 
the total indebtedness, interest is paid at the rate of six per cent, on 
$7,819,718; leaving share capital to the amount of $3,188,411, and debts to 
the amount of $2,618,183, on which neither interest nor dividends are paid. 
The total amount of productive capital invested in railroads in the State is 



STATE OF MAINE. 11 

$12,117,018; unproductive, $5,806,594. It is not improbable that the 
Androscoggin Railroad, and Somei-set and Kennebec may earn hereafter u 
sum sufficient for the payment of the interest on their debts. 

Statement, shewing the Share Capital and Debt of the several Railroads of the State of 
Maifie, with the amount of product ice, and unpi'odticlive capital in each : 

Corporate Titles # vShare Capital .Funded Floating. Total Debts. » 

ot tVrapsnies. Total. Productive. Unprod. Debt. Debt. Productive. Unprod 

Androscoggin $151332 $• • • • $151,832 $388,439 $213,279 $330,939 r270,779 

Androscoggin A Kennebec 457,900 ••.. 457,900 1,747,457 101,209 1,848,666 

Atlantic & St. Lawrence. -2,494,900 2,494,900 •••• 3,472,000 8,000 3,480.000 

Bangor, 01(1 town A Milford 135,000 •••• 135,000 ••.• 40,576 40,576 

Calais A Baring 100.000 100,000 ..•• 114,800 4,737 119,534 

Great Falls A S.Berwick. 93,561 ... 93,561 60,000 12,599 .... 72,599 

Kennebec A Portland... -1,297,779 202,400 1,085,379 1,280,000 271,143 800,000 751,143 

Lewey'a Island 171,310 .... 171,310 210,000 .... 150,000 60,000 

Penobscot A Kennebec... 555,229 .... 655,229 1,206,800 150,936 1,050,000 307,736 

Portland, Saco A Ports'h-. 1,500,000 1,500,000 

Somerset A Kennebeo.... 168,200 .... 168,200 550,000 117,926 .... 667,926 

York A Cumberland 370,000 • . . • 370,000 438,000 50,000 .... 489,000 

Total 7,485,711 4,297,300 3,188,411 9,467,496 970,405 7,819,718 2,618^ 

From the statement on the next page it appears that the total earnings of 
all the lines of the State from the date of the opening of the first road has 
been $12,216,366. Of this sum $6,353,749 have been received from passen- 
gers ; $5,296,655 from the tranportation of merchandise, and $565,962 from 
the transportation of mails and from other sources. The current ex- 
penses in the meantime have been $6,926,978 ; net earnings, $5,289,388. 
A portion of these have been used in construction and in the maintenance 
of the roads— expenditures that do not appear in the annual statements 
of the railroad companies. The gross earnings of all the roads have equalled 
8.3 per cent, on the cost. ; annual expenses 4.7, and the net earnings 3.6 on 
the cost. The total amount of dividends paid has amounted to $2,335,261. 
For several years past they have equalled 2.7 per cent, on the Share Capital 
of all the companies. The general result is an unfavorable one. There is 
probably no State in which facilities for travel and transportation by water 
are afforded in so great a degree as they are to the people of Maine. Only 
a very small proportion of its commerce or travel passes over its railroads. 
This is seen in the earnings of the railroads, which equal only about two 
dollars per head of the population, while the average for the whole country 
is fully twice that sum. 

The new works proposed are the Penobscot Eailroad, and the York and 
Cumberland Railroad, both partially constructed ; the European and North 
American, and a railroad following up the Penobscot River from Oldtown, 
and extending into the northeast portions of the State. By the European 
and North American Railroad it is proposed to connect the railroads of Mrine 
with those of New Brunswick and Nova Scotia. The object of the rail- 
road up the Penobscot River is to give railroad facihties to a remote portion 
of the State, and thereby to aid in settling it and in the development of 
its resources. 



12 



STATE OF MAINE. 



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RAILROADS OF THE STATE IN DETAIL. 



ANDEOSCOGGIN KAILROAD. 
(Financial t/ear ending BOth November j 1869.) 



Board of Directors and Officers, 1859-60. 



Ozias Millett Leeds, Me. 

^JmignOtis " " 

John Dyar Freeman, 



Giddings Lane Leeds, Me. 

John Smith Livermore, " 

Stephen H. Reed Lemston, 



John B. Jones, President ; Lewiston, Me. 

J. A. LiNscoTT, Treasurer Farmington, ** 

L. W. Eaton, Superintendent Fannington, ** 

*^iiNciPAL Office Farmington Franklin Co., Me* 



Length of Road — Leeds Junction to Farmington 36.50 miles 

XloLLiNO Stock — Locomotive Engines 4 

Cars : — Passenger, 4, and merchandise, etc., 21 25 



The Androscoggin Railroad Company was chartered by the Legislature of 
Maine on 10th Aug., 1848, and was authorized to construct a railroad from 
Xeeds Junction to the village of Farmington. The survey was made in 
1849-50, and the work of construction commenced in the summer of the lat- 
ter year. That portion of road from Leeds Junction to Livermore Falls, a 
distance of 20 miles, was opened for public us6 in the fall of 1852, and the 
remainder in sections as follows: — to North Jay, 26 miles, in 1856; to East 
Wilton, 32 miles, in 1857, and to Farmington, 36i miles, in June, 1859. At 
Leeds Junction this road connects with the Androscoggin and Kennebec Rail- 
road, and through it with Portland (44^ miles from Leeds) and the roads to- 
wards Boston. 

The Company propose to extend its line from Leeds Junction to the Grand 
Trunk Railway at Danville. 

Share Capital— Authorized, $250,000, in 5000 $W shares. 
Paid in, $151,832. 
In 1854-5 the Company created a Preferred Stock, entitled to 10 per 
cent, dividends until the net earnings were equal to 6 per cent, on the cost of 
the road, when the Preferred was to rank with ordinary Stock. The Com- 
pany claim that this condition has been fulfilled, and no dividends on Pre- 
lerred Stock have been paid since 1856. 

Funded Debt — $700,000 : in detail as follows — 

lit Mortgage, 6 per cent, coupon bonds $100,000 

—dated 26th Sept., 1853, and payable, principal in 10 years, and interest semi- 
annually, 1st April and Ist Oct. The interest on this class of bonds is pay- 
able at the Bank of Commerce, New York. 

2d Mortgage, 6 per cent, coupon bonds $100,000 

—dated 1st Sept., 1854, and payable, principal in 10 years, and interest semi- 
annually, 1st April and 1st Oct. The interest on this class is payable at the 
Company's office, or at Portland, Me. 

Zd Mortgage, Q per cent, bonds $300,000 

13 



14 



MAINE -ANDRoacoaaiN. 



— dated lltli Dec, 1856, and payable, principal 1st June, 1877, and interest 
semi-annually, 1st June and 1st Dec. The mortgage in this case made pro- 
vision for an issue of $500,000, of which S200,00() are retained to discharge 
the 1st and 2d Mortgage Bonds at maturity. The interest on this class is 
payable at the Company's office, or at Portland, Me. Of this class $169,061 
remain unsold. 

Income^ G per cent lond^ 8200,000 

— dated 1st Jan., 1858, and are payable, the capital in stock Ist Jan., 1870, 
and the interest in cash semi-annually, 1st Jan. and Ist July. The interest 
on this class is payable at the Company's office, or at Portland, Me. Of this 
class $142,500 remain unsold. 



Floating Debt — $213,279, bills payable, etc. 
Cost of Road and Eqimpment — S757,3Sl ; in principal detail as follows: 



Graduation 8l8i.7(i2 

Masonry. 10,000 . 

Land and land-damagos. 10,800 j 

Bridging 4.000 

Construction in 1859 67,470 j 



Supcntructuro, including iron>> 
Stations, buildings, and fixtures* 

Rolling stock. ; 

Engineering, etc 



•164,763 

26,124 
7,(196 



Income Account for the Year Ending 30th Nov., 1859. 



ReceipU — 

Joint freight ' 

Joint pas.scngcr8 • • 

Local freight 

Local passengers 

Express and extra baggage.- 
Mails 



.«12,R06 
. 21,007 
. 1,539 
. 2,217 
750 
. 1,836 



Disbursements — 

P:«y rolls $12,643 

Wood 1,140 

Oil and waste 626 

Repairs on engines and cars 125 

Track repairs 201 

Mail expenses. 200 

I Ini'idcntal expenses. •• 642 

i Balance, being net earnings 24,678 



Total. 



••40,155 1 Total. 



-•40,156 



General Ledger Balance Sheet, SOth Nov., 1859. 



Cr. 

Capital Stock 

Bond Accounts 

Balance Floating I>ebt.< 



••151,633 
. 441,633 
. 160,910 



Total •757,381 



Graduation 

Masonry. • 

Land and land-damages 

Bridging • • 

Sui)er:«tructure, including iron • • 

Cars and engines 26^124 

Kngincering 7,096 

Paid con.<(t ruction in 1859. 66,470 

Other items, interest, discoant, etc 284,466 



3)r. 

.•182,782 

. 10^ 

. 10,800 

. 4,900 

164,763 



Total . 



.•767,391 



Cost, Earnings, Expenses, Etc., Yearly. 





Cost of Road 


Miles 


Year. 


Ac. of Road 


1853. 


. •315,3()5 


20 00 


1854. 


. 343.317 


20 00 


1855. 


. 363,551 


20.00 


185G. 


. 454/277 


20 IK) 


1857. 


. 555,i597 


26.00 


1858. 


. 645,271 


32.00 


1859. 


. 757.3S3 


36.50 



•3.435,066 174 50 
Aver.. 490,724 24.9 



Pjiiw'r. 
•9,168 
13.916 
13.427 
11,080 
10,976 
10,877 
23.224 

92,tk)S 
13,233 



-flros* Earning — 
Freight. Mails«,Jk^. 



•9,555 
14,145 
14,592 
12.845 
13.051 
13.609 
14.345 

97.142 
13,877 



$423 
1,721 
1,5(54 
1.2>t 
1.3.IS 
1.471 
2,586 



» Operating Net 

Total, expeniiej). eamingt. 

• 19.151 910.000 •S.lSl 

29.782 16,975 12,807 

29,583 16,892 12,691 
25,209 16,326 8,883 

25.365 13,489 11,876 

30,957 13.693 17,264 

40,155 15,479 24,676 



nil 



p.e. 



10.392 200,202 102.854 97,348 
1,434 23,600 14,693 13,907 



MAINB-ANDROSCOaaiN AND KENNEBEC. 15 

ANDROSCOGGIN AND KENNEBEC RAILROAD. 
(Financial year ending Zlst May^ 1859.) 



Board op Directors and Officers, 1859-60. 



Jedediah Morrill WatervUU, Me. 

Wm. Goodenow Portland^ 

Rufus Uorton " 



Ashur Hinds Benton^ Me. 

Samuel P. Benson Winthrop, 

Ira Crocker Portland, 



John Ware, President Waterville, Me. 

Joshua Nye, Treasurer " " 

Edwin Noyes, Superintendent " " 

Principal Office ,..*... .Waterville, Kennd>ec Co., Me. 



Length of Road — Danville June. (Atl. & St. Law.) to Waterville 55 miles. 

No second track. Sidings aod turnouts about 6 miles. 



Rolling Stock — Locomotive Engines 9 

Cars : — Passenger, 10 ; merchandise, etc., 128 138 



The Androscoggin and Kennelec Railroad Company was chartered on the^Stli 
of May, 1845, (Spec. Laws, chap. 270). The construction of the road 
was commenced in July, 1847. The first division, from Danville Junction 
to Winthrop, 20 miles, was opened on the 3d of July, 1849 ; the second, from 
Winthrop to Waterville, 35 miles, on the 27th of Nov., 1849. 

Share Capital— Authorized, $1,400,000, in 28,000 $50 shares. 

Awarded and paid in, 457,900, m 9,158 $50 shares. 



Funded Debt — $1,747,457 ; classified as follows — 

\U Mortgage, 6 per cent., coupon bonds __ $1,000,000 

—issued in 1850, $80,500; in 1851, $255,700; in 1852, $436,400; in 1853, 
$148,000; and in 1854, $78,500 — payable in 10 years. Interest semi-annually, 
(Ist June and 1st Dec.,) at Waterville or Portland. 

StocJc, 6 per cent., coupon bonds $710,000 

— ^issued in Jan., 1853, $433,800; at different periods the same year, 
$66,200; March, 1856, $100,000, and 1st December, 1856, $110,000— pay- 
able in 10 years. Interest semi-annually, (1st June and 1st Dec), at Water- 
ville or Portland. Principal payable in stock. 

Old 1st Jfortgage Bonds, Q per cent., (payable on call) $29,557 

Interest (88,400), and Furniture ($500) Bonds, due 8,900 

Floating Debt— $101,209, viz.: bills payable, $92,649; coupons, $6,740, 
and sundry accounts, $1,820. 

Cost of Egad and Equipment — $2,210,947 ; in detail as follows— r 

Locomotive engines ) ^q^ «/.* 

Pa«senger and other cars \ •8^yt)4 

Engineering 36,245 

Ail other expenses 750,526 



Graduation and masonry $700,561 

Bridging • 89,368 

Supenjtructure, including iron.. 495,749 

Laud, land-damages and fences 55,534 , 



Income Account for the Year Ending 318t May, 1859. 

Balance charged to Income. $48,972 

Net Income, 1859 89,765 



Dalance from Income Account $31,202 

[Qterest on bonds, etc 107,535 



ToUl $138,737 



Total $138,737 



16 



MAINS—ANDBOSCOaOIN AND KENNEBEC. 



GxNXRAL Ledger Balance Sheet, 1st June, 

cv. 

Capital itook $457,900 

MiilioQ-LoftD Bond! 1,000,000 

Intereit Bondi 8,400 

BoDdi(old) 29,657 

Furniture Bond! 600 

Stock Bondi 710,000 

Stock Conponf 6.740 

Sundry Aooonntfl 1,820 

Bills Payabl 92,649 



1859. 



Total. 



• 12,307,666 



Constmetion Account < 

And. KB. Co. Bonds 

Pen. A. Ken. RR. Co. Stk.. -• • 

Million- Loon Bonds 

Cosh on hand. 

Bobuioo of Income Aooonnt * 



Dr. 
•2,210947 
6,00( 
21,92^ 
15,00( 
4,72! 
. 48,972 



Total* 



42,307,566 



Ck)8T, Earnings, Expenses, etc., Yearly. 

Cost of Miles > Gross Earnings » Operating Net 

Year. Boad, Ac. of road. Pass'r. Freight. Mails, Ac. Total, expenses, earnings 

1851 91,816,670 55 960,023 937,732 94,892 9102,647 963,649 %7^,^i 

1852 2,009,188 55 67,088 52,208 6,362 125,658 58,079 67,57£ 

1863 2,020,247 55 71,647 63 211 5,703 140,561 60,507 79,964 

1854 2,176,506 55 85,596 68,283 7,442 161,321 67,950 93,371 

1855 2,245,020 55 97,941 85,188 7,475 190,604 99,807 90,797 

1856 2,210,947 55 107,417 94,931 7,125 209,473 99,676 109,797 

1857 2,210,947 55 89,758 62,606 7,057 169,511 84,894 74,617 

1858 2,210,947 55 82,462 67,584 9,468 159,514 76,146 83,368 

1859 2,210,947 55 75,687 76,386 9,032 161,105 71,338 89,767 

919,119,415 495 9737,619 9608,129 964,556 91,410,294 9681,946 9728,34€ 

Average 92,124.491 55 81,957 67,569 7,173 156*699 75,772 80,929 



On the 30th of November, 1856, the Androscoggin and Kennebec Com- 
pany took a lease of the Penobscot and Kennebec Railroad for a period of 
20 yeare, by which the former agreed to run the latter road, to maintain the 
same in good condition during the continuance of the lease, and pay to the 
Penobscot and Kennebec Eailroad Company three-sevenths of the net profits 
of the joint business. 

The two roads conjointly have a length of 110 miles, and an equipment 
of 13 locomotives, 20 passenffer cars, and 221 merchandise and other care. 
The total cost of both roads is stated at $4,004,394. 

The operations of the united line for the past year are exhibited in the 
following statement : 

Income Account for tbe Year Ending May 31, 1869. 

DisbursemenU — 



ReceipU — 

lOl,177 iMMienffen 
70,455| (oni Merchandise • 



From 101,177 |»asienffen 
i,455| (oni Mere] 
Expren, mails, Ao. 



9132,457 81 

133,665 34 

15.806 71 



For repairs of track. 

" repairs of enginos and cars.* 
" safari 



941,669 13 

22,894 09 

38,520 07 

3,684 84 

18,071 66 



laries and gen'l management 

" oil and waste - 

" ftiel 

And. and Ken. Co.. 4-7.989,765 74 

Pen. A Ken. Co., 3-7. •• 67,324 31—157,090 05 

ToUl 9281,929 86 Total : 9281,929 86 

Since the execution of the lease, the net income of the joint business has 
been $380,087, divided as follows : 

Total Net Proportion dae 

Income. A. A K. Co. 

1857 (Six months) 9n,103 943,933 

1858. 146,894 82.368 

1869 157,090 89,766 



Prop'n due 
P. A K. Co. 



Total. 



9380,087 



9216,067 



933,170 
63,526 
67,324 

9164,020 



I 



MAINE— ATLANTIC AND ST. LAWRENCE. 17 

Joint Cost, Earnings, Expenses, Etc., Yearly. 

Cort of Miles » Gross Earnings » Operating Eamings 

Tetf. Road, Ac. of Road. Passenger. Freight. Mails, Ao. Total. expenses, less exp^s. 

;K7.... 13,967,063 110 $175,521 $133,372 $13,417 $322,310 $150,373 $171,937 

m-" 3,996,321 110 144,308 118,273 16,568 279,149 133,255 145,894 

1859... 4,004,394 110 132,458 133,665 15,806 281,929 124,839 157,090 



ATLANTIC AND ST. LAWRENCE RAILROAD. 
(Fmanctal year ending 30^A June, 1859.) 

Board of Dirfxtors and Officers, 1859-60. 



Geo. F. Shepley Portland, Me. 

IL J. Libby « " 

Jameit L. Farmer " " 

Byron Greenough " " 

Portland, Me. 



John B. Brown Portland, Me. 

Cbirlcs E. Barrett " 

PlimeM Barnes « 

MnM.Wood " 

oT. John Smith, Pres^idmt 

Chari.es E. IBarrett, Treasurer 

S. T. CoRSER, Superintendent " " 

P»iKciPAL Office Portland, Cumberland Co,, Me. 

^»OTH OF Road— Portland, Me., to Island Pond, Vt 149.00 miles. 

Second Track, including sidings, turnouts, etc 25.00 " 



Total equivalent single track 174.00 miles. 



^Ui.vo Stock — Locomotive Engines 41 

Cars : — Passenger, 17 ; mercliandiso, etc., 349 306 



The Atlantic and St. Lamrence Railroad Company received its charter from 
^ three States through which its road has its route — from Maine on the 
|Oth of February, 1845; from New Hampshire on the 30th June, 1848, and 
from Vermont on the 20th October, 1847. The work of construction was 
^Qamenced in Maine on the 4th July, 1846, and the road wtis opened for 
Public use as follows:— On the 4th of July, 1848, from Portland to Yar- 
^uth, 12 miles; in December, 1848, to Ddnville, 28 miles; on the 8th Juno, 
1^0, to Paris, 48 miles; in March, 1851, to Bethel, 70 miles; on the 23d 
^y, 1851, to Gorham, N.H., 91 miles; on the 12th July, 1852, to Northum- 
berland, 122 miles, and on the 29th of January, 1853, to Island Pond Junc- 
^00, Vermont, 149 miles. 

On the 5th day of August, 1853, a lease of the Atlantic and St. Law- 
'^ce Railroad, with its franchises, and all the property belonging to the 
*^e, was executed to the Grand Trunk Company of Canada for a period of 
999 years. By the tenns of the lease the Grand Trunk Company obliged 
^^If to maintain and run the road for the period named, and to assume all 
Je obligations of the lessors, and to pay on its Share Capital semi-annual 
^^d^hds equal to six per cent. In case of breach of contract the road to 
'evert to the original owners. 

SttARB Capital— Authorized, $4,000,000. 

Paid in. Dollar Shares $957,600 in $100 shares. 

« " Sterling Shares. .$1,537,300 in £100, or $184 shs. 
. The dividends on the Dollar Shares are paid at Portland, and on the Ster- 
^ Shares in London, at the oflSce of the Grand Trunk Company. 

o 



\H MAtNK ATLANTIC AND AT. LAWRENCE. 

VvHWuau l)Mtir -•H,'I7*2,()(M) : in <totail iin followH: 
l«^ MitHiffi^iffi i\ fi0V iw/., luiHptm hontU S1,500,(K)0 

Tlu«^o ImmhU wiM'o iMVulotI in favor of tliooity of Portland as security foi 
tlio iinynuMit of IuuhIm to tlio mnno anuiunt, iKHued by tlie latter for the benefit 
of IlioooMiimny, In IHiH, 18*10, and iJ^ftO, and in nearly equal instalments. 
•rin» M^Norid IMUMK an* payablo 'Jt^ yoarn ftxnn date. The interest on Portland 
rit)' Uondii In |myablo ai* followH-^ 
\\\ \\s.\m .. •IMMHH) \\\\. \Mp M^v wml Nuv. 

\^HM^H) " '* K«t» «ua Aiif . 
:IM» iHJll " " A|»r una iVi. 



In N. York*«150,000— int. p'ble Apr. mod Oct 
In IVrtland- *200,000 '' '' June and ]>e& 

" •• ... 100,000 " " MajttBdX«r. 

«« «« ... 100,000 " ** Feb. ttBdA^ 

*rhi^o botuK by Ktat\ito, tnutJ^tituto a fir^t lion ou the road, and equipmeal 
W l/«i«'^y^, t\ ^^ itimKy t^^^^m kmk S1,4S8,0W 

*t1\U olaiw ivf Imad* \va* i!*!»ut^l on tho l*t April, 1S51, payable in 15 vein 
AsM^ihal dato; inUM\v*t jviivablo :HMni^umualK\ at the Company s Ofl5ice,ii 
^^M^Iau^l Of X\\\% m\\\ on\v *i>SS,mH> are in oiroulation, $500,lKH> of ^ 
a^^\o\uU U^^^^y h\^KI by I ho oily \\f Portland a* soouritv for a lojm of the bcnAi 
wf \\\i\\ \mU I\\ iho \\M\^v4i\j* lx> an tvpud tuiKMmu in a^lldidon to the $1.5i»!>A>4N 

NVAj^v rt fv>^^ vw^f > vwyMii liMM^ .£100,000 or |4S4.<Mli 

Thw o<<^*j» \\f Km^^J* \>^* >**^h>l NowwWr 1:5^1. IS»VSL and b payable €■ a» 
»M N\A V ISTS, ;^l Oh^xUSkv xM' iho l^muHi IVnnk d^Dipdmy in LoniooL hi- 
In'^n^^I lv^)^^^^^^ ^tN^^w^^ww.'il^Xs Is? ^^f Nov. ;iuKi M*y. TlMtse K>Qi< affrvc 

Sam\>^ >N\fA «^>4^4:: 11. 

<W \\4>^\v^i ^^itvx^si^'sV ifc>r ;W Htrwft^xai xxf a Si»imr /tbml 4i^ijrir:i]ft la- :ac 
^'^wy^ ^^^*>%.0^^ ^^ ?>s^ w^\ iv ^ jvcvxl »>c it^i^ viu::^ ;iii* j^fr ^foi: «l 'im 

^>i^ '^;,SI »«r It- hSi 5..»W 

txv WMf :;^* «^ b^" - - - ?.*« 

■>;v^ 14. a^ t ^ ft? >=&► - - i-« 

tvxs V.M^ 3.?^ 9fr HS& i..*» 

CV.V »\*^i -ikiUV* l^* ".3W* 

»^* ;sJ* ?. .*i'- n ^^?r . - Z3m 

-v^ tv-Wi v%*> <i ^=?f^ '^H 

•.>Bv ^v V# ". S£v a ijSf . ' ' • '.SHi -t 15" I 

r>?^ ;v *»* > *-^ :^ 



4H>£v ^V *^,<lfrr 



^•1 






?^N %* ^:«a. 



•>> ^ 



MAINE— BANGOR, OLDTOWN AND MILFORD. 19 

The state of the investments of both funds is as follows: City Scrip of 
Railroad Loirn?, ^10L50U; Mortcranr^.s of Real Estate, $149,182; County 
I Securities, $19,fKKl" Boston und Maine RR., HS flhtires, 83,:i90; Bof^ton and 
I Worcester, 37 shares, ?f3,709; Portland, Sin-o and Portsmouth^ 53 shares 
^taSOO; Premium Account, $375; Casli/ri/iOO— Tatfil, $284,507, 

^^y FtOATiNO Dkbt— $8/J0O, notes payable. 

H This road hcino; leased to the Grand Trunk Railway Company of Canada, 
P^ all its accounts are kept by the Company. Reports are, however, made, as 
requtred by law, to the Legislatures o( the States of Maine, New Hanip- 
shii'e and Vermont. The Report made to tlie Le^^inlature of Vermont fur 
the year ending June 3Uth, 1p59^ states the coat of the road to bo 87,217,- 
257. To this s«m should be adrled^ prohal»ly, 8*2(K^,(HH) for initterials on hand 
for working and maintaining the road. The sources from which this sum has 
been derived are as follows : 

For&har« mpiU! ■- -• B2J94,9t)0 J Sterlinjr Bomij .* «4B4,{IOO 

Citj^ of PortUnd Bnnds. ► * 2,000,000 Oritn^i Truok Railroad Company,* - • 1 ,453,570 

24 Mortgage Ikjiidi-..^- 988,0UO ' 

TotAl J7 ,417,257 

The road having been built for a gross sura, its cost cannot be given in 
detail 

The statement of earnings, expenses, etc>j from the opening of the rond to 
1853, the date of the lease, are takon from the Company *s Reports. From 
1853 to 1 85 G, from Reports made to the Legislature of New Hampsliire; 
and from 185G to 1859, inrhisive, from Reports mside to the Legislature of 
Vermont The expenses and net earnings for the past year are estimated, 
no statement having been made of the same, — See Grafid Trunk Maihcaij of 
Canad^u 

Cost, Earnings, Expenses, etc.. Yearly. 

Cost of Mile* . Gross Eamin^i •^ Operating Xet ^DJridendi-* 

ITeor. Boad, 4ce. of road. Pfisn'r. Fmg^ht Mmili, Ac- Tolal eipvnaes, enrnmgfl. 

^I8S0.-.. f 1,642.2 14 49 $79,HS •Sti.SdO «7,593 «H3.6:^t «59,594 i@4,037 » nit. nU, 

[lesi...*. 2,8'i6,Ul J)l 61,005 S0,J2i UJH 173,447 70,219 I0i,223 •' '^ 

ri862 4,73^25S 122 B0J74 94,785 9,110 184^069 96,2:i4 67,635 '' " 

^1853.-- 6Jfi3J52 149 101,048 137,210 16,484 254,742 141.2*22 113.520 ** •* 

Ll654....* 6,019,904 149 I6:?.6l6 296,891 20,141 470,648 311,599 159,050 149.694 6 

. 6,292,172 149 154.094 367,945 20,449 542,488 380,445 166.043 149.694 G 

. 6,368,576 149 13l,B0o 393,072 20,291 66,=i,169 461,312 103,956 H9.694 6 

. 6,594,928 149 lM,2Tri 402.799 19,408 676,491 500,340 76,141 I49,t»94 6 

lesa-- 7.095,045 149 146.370 380, 1S4 19,767 545,791 ^5,567 L'iO,i24 149,694 6 

• 18S9...*. 7,217,357 149 131,614 412,216 18.469 562.29B 400,000 162,292 149,694 6 

64,535,177 1,304 1,233,649 2,622,292 162,932 4,018,7632,909,691 1,109,072 895,164 
Arerage. 5.453,517 130 123,364 262,228 16,283 401,876 290,909 110,907 89,816 3.6 



BANGOR, OLDTOWX AND MILFORD RAILROAD. 

{Fiftancial 1/ear ending BOM Jmie^ 1859.) 

Board of Director? and Officers, 1859-60, 

' Jo^n W. Teazio. • BangoTy Me. I P, K MilU ,. .Baiiior^ Me. 

Wtlliain J. Lonl , " ** | h\ H. Uilliiigbani ^* 

Samiel Veazie, PreHdmt * Bangor, Me. 

JoH3S W. ViuziE^ TreastArer and SaperiitleruiefU . , .,.•,.•• *' " 

Joseph Tanev, Secretanj attd Cfiuf Engineer , *' " 



20 MAINE— BANGOR, OLDTOWN AND MILFORD. 

Principal Office. Baxgor, Pfncbscot Co.^ Me. 

Length of Road — Bangor to Oldtown and Mil ford 12.50 miles. 

No second track, except sidings and tumou(8, about 2 miles. 

BoLLiNG Stock — Locomotive engines 4 

Cars : — Passenger, 3 ; merchandii^, 45 48 



The Bnngor^ Oldtown and JHlford Ittulroad Company was originally chartered 
by the Maine Legislature, on the Sth Feb.. 1833, under the title of the 
Bangor and Piscataquis Canal and Railroad Company, and was authorized 
to construct a railroad from Bangor to Oldtown, with other works. The 
construction of the road was commenced in 1835. It was opened for public 
use in November, 183G. In 1854-5 the line was carried across the Penob- 
scot Kiver, to Milford, a mile and a half, on which occasion the Company 
assumed its present title. 

The cost of the works at the opening of the road in 1836 was $354,000. 
Proving unproductive, it was sold on the 1st Nov., 1848, to a new company 
for 860,000, Legislative authority having been obtained therefor in 1847. A 
further sum of $75,000 was expended by the new company in relaying the 
track, and in 1854-5 an additional sum for extending the road to Milford. 

This was the first railroad constructed within the State of Maine, and the 
only one until the completion of the Portland, Saco and Portsmouth in 1843. 



Share Capital— Authorized, 8600,000. 

Paid in, by original stockholders. 8300,000 (sunk). 

Paid in, by present stockholders, $135,000— total, $435,000. 



FcxDED Debt None. \\ Floating Debt $40,570. 



Cost of Road and Equipment — 8623.203, viz. : to present owners, $244,726, 
and to original owners, 8378.536, in detail as follows — 

Land and land-da Duige«. $59,531 Ir>n 969.472 

Gmdaation 159.957 >^t:ition9. building, etc ? 

Bridging 55.=42 Rolling .<Mck 45.232 

Masonry 35,844 | Engineering.. 15.S39 



Income Account for the Ye.vr Enpivg 30Tn June, 1859. 

Receiph— ! Erpcnditurts— 

P&iiwnger traffic *!3.6!M Trnn.«ivirtAtian expenws t5.5I3 

McrchanJi^c 9.06S Receipts of rf»ad, etc 4.051 

Lumber. 7,364 Wotxl. oil and wajte 1,133 

Miscellaneous. 764 Engine and cars. 14.992 

Balance 2.337 General expenses. 7,473 

Total 833.167 . ToUl $33,167 



General Ledger BAL.iNCE Sheet of the New Company. 

Cr, 1 I>r. 

Stork. $135,000, Paid original purchaacr $60,000 

Bills pajftble.. 40,576 ■ Paid relaying track 75.000 

Balance of earnings 69.150 I Paid bridges and other expenaet. 109,726 

Total $244J>6 , ToUl $244,726 



MAINE— BUCKFIELD BRANCH 



21 



Cost 
Yean. of Road, Ac. 

1337 $354,000 

13JS 354,000 

1839 364,000 

1840 354,000 

1641 354,000 

1642 378,536 

1843 378,536 

1844 378,536 

1845 378,536 

1846 378,536 

1S47 378,536 

1&48* 135,000 

1849 135,000 

1850 135,000 

1851 135,000 

1852 135,000 

1853 135,000 

1354 135,000 

1655 176,890 

1856 176,890 

1657 178,307 

1958 244,7-26 

1859 244,726 

•6,007,765 

Arerage-. 261,207 



CJOST, 


Earnings, Expenses, etc 


., Yearly. 




Miles 
of Road 


_ n,w^-., f..— :-.^. 




Operating Net r 
Expenses. Earnings. 


—Dividend — » 


. Poss'r. 


Freight. Total. 


1100 


811,040 


910,105 


•21,145 


•15,297 


•5,848 


• n\l. nit. 


1100 


11.596 


9,955 


21,551 


14.577 


6,974 


U 41 


11.00 


9,461 


10,201 


19,662 


14,501 


5,161 


(t «( 


1100 


10,220 


6,104 


16,324 


13,898 


2,436 


U t( 


1100 


7,955 


3,888 


11,843 


9,620 


2,223 


ii (( 


11.00 


6,877 


11,988 


18,865 


13,243 


5,622 


l( u 


11.00 


9,280 


7,319 


16,599 


13,918 


2,681 


U «( 


11.00 


7,690 


12,207 


19,897 


14,127 


5,770 


(( u 


11.00 


9.976 


8,800 


18,776 


12,309 


6,467 


ii i; 


1100 


10,043 


13,808 


23,851 


14,624 


9,227 


i( •( 


11.00 


14,253 


10,678 


24,931 


17,271 


7,660 


U It 


1100 


14,396 


19,509 


33,905 


19,617 


14,288 


it t( 


11.00 


18,439 


11843 


30,282 


23,133 


7,149 


U tt 


1100 


15,095 


11,444 


26,539 


17,482 


9,057 


i( (( 


11.00 


14,988 


15,173 


30,161 


16,423 


13,738 


(( it 


1100 


16,752 


14,950 


31,702 


18,011 


13,691 


U (t 


11.00 


21,879 


21,013 


42,692 


18,654 


24,238 


9,450 7 


1250 


22,595 


21,594 


44,189 


22,150 


22,039 


nil. nil 


12 50 


19,086 


28,263 


47,349 


22,484 


24,865 


(» it 


12.50 


20,776 


18,052 


38,828 


22,575 


16,253 


ti tt 


12.50 


16,893 


20.046 


36.939 


21,6lS 


15,324 


tt 41 


12.50 


13,854 


18,921 


32,775 


21,772 


11003 


tt t; 


12.50 


13.634 


17,196 


30,830 


33,167 


2,337 Loss. " ♦« 



262 316,778 323,057 639,836 410,458 229,377 
11.3 13,773 14,046 27,819 17,846 9,973 



BUCKFIELD BRANCH RAILROAD. 
The hucJcfieU Branch Railroad Company was chartered 22d June, 1847. The 
construction of the road was commenced in 1848. It was opened to Buck- 
field, 13 miles, in 1849. In 1856 a mortgage on the same having been fore- 
closed, the road became the property of one individual. A new charter was 
subsequently obtiiined under the name of the Portland and Oxford Central 
Railroad Company, in which the property and powers of the old company 
were merged. Under the new organization six miles of road were con- 
structed north of Buckfield. The road proving unproductive, it has not 
been run for several years, and it is presumed is finally abandoned. No re- 
gular reports were made of its operations. The principal office of the Com- 
pany has been at Portland. — See Portland and Oxford Central. 



CALAIS AND BARING RAILROAD. 
(Financial year ending 31«^ December^ 1859.) 



Board of Directors and Officers, 1859-CO. 

Georjre M. Porter 5'. Stephens, N.B. I Jolin McAdains St. Stephens, N.B. 

Horatio N. Hill " " | Edward A. Barnard Calais, Me. 

James Sargent, President Calais, Me. 

Francis K. Swan, Trwwwrer " *• 

W. W. Sawyer, Superintendent " " 

Principal Office Calais, Washington Co., Me. 

Lkngth of Road — Calais to Baring. . . ; G miles. 

No second track, except sidings and turnouts. 

* Coft to new oompooj, 1848-59. 



f 



12 MAIXE-CALAIS A5D BA&DiG. 

RoLLixc Stock — LAo^motire enjnne* 

Czn of all descrit>ti«>n«. 1( 



The Cf^fcii AM/ B4n'imj BaJromJ Compcutjf was chartered od the 2(Hh Marcl 
1^37, The cofHtmction of the road was coauneDced early io 1S50. It wi 
opened for public usie in Judc. 1^1. The prmeipal busineas of this road 
Uie tniri«portatioo of lumber (rom the mills oo the St. Croix Biver, to tid^ 
water, at Calais. 



SuAUE Cafitai^— Authorized, $:>iXi.iH)0, in '2^y00 $100 shares. 
Awarded and paid in. $100,000. 

FcTDED Debt — $114,800 : in two classes, as follows — 

ist Jfort^a^e, 6 per cent, wupon hand* $97,00 

^-dated 1st July, 18o2, and payable, the principal 1st July, 1864, and the ii 
teresKt semi-annually, 1st Jan. and 1st July, at the Bank of Commerce 
Boston. 

^Id Mortgage, 6 per cent, coupon hondu $17,50 

— dated 1st July, 1854, and payable, principal 1st July, 1864, and coupon 
semiannually, I'st Jan. and Ist July, at the Bank of Commerce, Boston. Ii 
terest on both classes of bonds has been regularly paid. 

Floatixo Debt — $4,737, bills payable. 

Cost of Boad axd Equipment — $224,000: in detail as follows — 

IjuAm, iMdHUmAgei, etc fiajJO I Macoory $3,5E 

Gndaatioo 55.915 Iron 31,1C 

Jjridgiog 8,051 | RoIIIds stock. 90,04 

IiicoMS AccocNT FOR THE Year Exdino 31st Dkc, 1859. 

RueipU — 1 DisburtemenU — 



pAMWOger traffic •1,647 

Freigbt tmffie. 26,844 

Mail •enrie«, etc 700 



Total rZ9,191 



Operating expenses. $13^56 

Interest on bonds. 6\% 

Dividend, 3 per cent 4,0C 

Balance 4,65 

ToUI $29,19 



General Ledger Balance Sheet, 1st Jax., 1859. 

Cr. Dr. 

Pbare capital $100,000 Cost of construction and eqnipment* • $224,00 

Isl Mortgage Bonds. $97,300 ; Cash on hand 3,34 

'M Mortgage Bonds 17,500-114,800 

Floating Debt. 4,737 

Balance from income 7,806 



Totol $227,343 



Total $227,34 



Cost, Earnings, Expenses, etc.. Yearly. 

Mile- . Gross Earnings . Ex- Net r- — Dir. — 

Tear. Cost age. Pass'ger. Freight Mails. ToUl. penses. Earnings. 

1851- $185,232 6.00 $809 $12,056 $1,151 $14,016 $4,992 $9,024 $4,000 4 

1852.. 198,468 600 1,700 23,769 252 25,721 9,804 15,917 8,000 8 

1853.. 217,-255 600 1,361 25,409 1,268 28,038 11,821 16,217 6,000 6 

1654.' 224,000 600 1,420 28,890 1,330 31,640 15,616 16,0*24 rUL nU 

1855.. 224,000 600 2,621 33,201 1,450 39,172 16,973 20,199 " " 

1R56.. 224,000 6,00 2,406 28,558 1,416 32,330 13,720 28,660 4,000 4 

1857.. 224,000 6.00 1,697 25,676 1.010 28,383 15,984 12,399 nO. nil 

1833.. 224,000 600 1,431 23,223 944 25,598 11,956 13,642 3,000 3 

1869.. 224,000 600 1,647 26,844 700 29,191 13,568 15,623 4,000 4 

$1,944,955 54 14,992 227,626 9,521 252,139 114.434 137,705 29,000 

Aver. 216,106 6 1,668 25,292 1,053 28,016 12,715 15,301 3,222 3J 



MAINE— EUROPEAN AND NORTH AMERICAN. 23 

EUROPEAN AND NORTH AMERICAN RAILROAD. 

The European and North American Railroad Company was chartered on the 
20th day of Aug., 1850. Its object was to connect the railroads of Maine 
with those of the Lower British Provinces, by a Hne extending from Bangor 
to the eastern boundary of the State in direction of St. John, New Bruns- 
wick. Its constiniction has not yet been commenced. 

The route of the road follows up the Penobscot River to Oldtown. It 
then diverges, taking a generally easterly direction to the St. Croix River, at 
Calais. The whole distance in the State of Maine is about 90 miles. Its 
estimated cost is about $2,000,000. In the event of the construction of the 
road, it is probable that the railroad from Bangor to Oldtown would be 
adopted as a paii; of the line. 



FRANKLIN (OR MACHIASPORT) RAILROAD. 
This road belongs to a private manufacturing company, and was con- 
structed for the purpose of transporting lumber from its mills on the Machias 
River to tide-water. Its length is 7 J miles. It cost $110,000. No reports 
•f its operations are made. 



GREAT FALLS AND SOUTH BERWICK BRANCH RAILROAD. 



Lkkoth of Road — Great Falls to South Berwick 6 miles. 



The Great FalU and South Berwick Branch Railroad Company was chartered 
on the 8th June, 1848. The road was completed and opened for public use 
in 1854, and was operated in connection with the Portland, Saco and Ports- 
mouth, and the Eastern Railroad Companies; but proving unproductive, 
it for several years was abandoned, and has only within the past few mouths 
been again brought into use. It cost $166,1"60, represented by stock to the 
amount of $93,561, and indebtedness to the amount of $72,599. 



LEWY'S ISLAND RAILROAD. 
(Financial year endinp 31«^ Dee.^ 1859.) 

Board or Directors and Officers, 1859-60. 



E.C. Gates.. CaZaw, Me. 

P. A. Pike , " 

William Duren " " 



Samuel Kelly Calais^ Me. 

Putnam Rolfe Princeton^ " 

Benjamin Young Calais, " 



William Todd, President St. Stephens, N. B. 

S. T. Kino, Treasurer Calais, Me. 

A. J. Perkins, Superintendent " " 

Principal Office Calais, Washington Co., Mo* 



^1 MAIXB-LKWrS ISLAND. 

liKWtnt v>r K»jAi>— Barinia: ti> PrtDcetoa 16.50 miles. 

LtftT^th of second trmck'uul sidings 0.50 ^ 

lvv>t.uiNu SrwiL..** 2 engines and SOcus. 

Pk* r.H^/* C^'itmi RMir^Mii C^mpam^ was chartered bv the Legislature (£ 
Xaiuo ■» I^n). Tb%? r\xi\i w;i* ov>ii*truoted in 1S56-7. and fuUv opened m 
Juttuirv, tOS, U \v:*s* builc to tran^^n^rt lumber from mills on the St. Croix 
K'x vr u» i-AiC'WaCcr A jvrtic»a of its line i;s in the Province of New Bnins- 

5tt.v« Ccnxvu— Aatht^rwe^l. $^>>.iKKK in^»X>0 S10«} sharesL 

FvM>»0 l>i«T— 4^U>JKVK as tbHows — 

^ < Kit-nmirrtx *> mr .w*r, ^ympttn ^tnuitt $150,000 

--laivMt l^ L\v.. In:o, parable, pract^vil :a :*») vears. and ct^upoos semi-an- 
v.iu.h :sr Jiiw and l<t IVfc ar :be i»>be Bank. Boston. The l?t Mort- 
^O" *>'ii»is nirrv >?meii ^.* !:ae cirry of Cal^i:^ in exchancje. and as security 
■« r ^it»:s .'f -I "tkv ainininc and ^^n^x -stuie^i by the city to the FJaiIrr>ad Coin- 
'•cthv ne ^'riictpai and nc^rv^sc of >*a:ca the Company Tin«ienot>k to par. 
**'^ luvfrst !;*«!' ^H»^Mi rv;riii*r»y rai«.l 

Pk' SMntsi- ssmv^i by titc woi^^aay jtv 3^?c in cin:alaif>:n» ban held by the 
V* *v ,s vilacvrni '.It ■g> bvovi?^ 

is T#--.**r^ •» »M- WW. ^-mmm yymm $t>«XOO0 

— .*;:ii=*i I HM r nn». l^vC. :!uyabie. yrric*-;al a II y^far?; iflii ciMip^^otj semi- 
..vt»u:/^' x-un -T uie siui l^ci IV*^:.. ic tae 0;iii^a:iy * cifctf. Calaik No in- 
i-^'s; iwaj- IwM *?iud Ml rus vTiiiiSs 

•>v —ad ?- i*'w ti ::iif 'land2^ 'f tile r^nsCv-e* :m«ier tii* i£ Mortjigefor 

J .^^ *•- J'''*^T^-'-»*tx TT^' — ^'"\ '»'•*. js Si!i*«^« — Aurimc <*xr-€n«ied for 
r.^^'S >i. i^'« <r '.'•'lU :?<•. V»l "vr :**»!: :i^ s^vck. $L»» *N I . jibtjr aad no- 

. . ■ »»U. n:^ Ni-^m. •v:h^«i>««v . . . . , ..... f5.300 

■«- ^ '^ ^t»v>** u ■u;..*^*'!** -- .. HMO 

'***>»«n^ .- XJSSA 

- . 4^.. IV r-Mta .... tu^itiQ 

iflr. 

|.,-: '* **»-^ *: .-» ...... imjl% 



MAINE— KENNEBEC AND PORTLAND. 25 

KENNEBEC AND PORTLAND RAILROAD. 
(Financial year closing Z\st August^ 1859.) 



Board of Directors and Officers, 1859-60. 



Allai Lambard Augusta^ Me. 

KnelWilliams " 

Gmge F. Patten Bath^ 



A. B. Thompson Brunswick^ Me. 

J. F. Southard Richviotidy " 

F. T. Lally Gardiner, « 



Alle5 Lambard, President Augusta, Me. 

J. S. Gushing, Treasurer " " 

KE. CvsHMX^i, Super intemleiU " " 

Fnutees tn Possession — Joseph McKeen, John Patten and Marshall S. Ilagar. 
PiixciPAL Office Augusta, Kenn<bec Co,^ Me, 



Lesgth of Road — Main Line, Portland to Augusta 63.00 miles. 

Branch Line, Brunswick to Bath 9.50 '* 

No second track. Sidings and turnouts, about 8 miles. 



Rolling Stock — Locomotive engines 12 

Cars : — Passenger, 11 ; merchandise, etc., 120 131 



The Kennebec and Portland Railroad Company was chartered on the Ist April, 
1846. The construction of the road was commenced in 1847, and completed 
in 1852. That section between the Atlantic and St. Lawrence Railroad, at 
Yarmouth, and the city of Bath, was opened on the 4th of July, 1849; from 
Brunswick to Gardiner in Dec, 1851, and to Augusta in the January follow- 
ing. The Yarmouth Extension, between Yarmouth and Portland, 13 miles, 
was constructed in 1850-51. The road enters Portland on the west side of 
the city, and there connects with the Portland, Saco and Portmouth Rail- 
road, with a similar gauge. 

Shark Capital— Authorized, $1,402,400, in 14,024 $100 shares. 
Paid in, $1,287,779 : in detaU as follows— 

Tarmouth Exfension, 6 per cent, stock $202,400 

Preferred Stock 247,000 

New Preferred Stock 125,600 

Common Stock 712,779 

The Yarmouth Extension Stock constitutes a first lien on the Yarmouth 
section of the road. It was originally a 10 per cent, stock, but was reduced, 
by agreement, to 6 per cent. Dividends payable semi-annually, 1st April 
and Ist Oct. As the road is in the hands of trustees under the mortgages, 
and as no dividends have ever been paid, a description of the different classes 
of Preferred Stock is not regarded as necessary. 



Funded Debt— $1,280,000 : in detail as follows— 

Ist Mi/rtgage, 6 per cent, coupon bonds $800,000 

— issued in favor of certain cities and towns, in exchange and as security for 
their bonds of like amount and tenor, issued to, and sold by the Railroad 
Company, viz.: to the city of Augusta, $200,000; to the city of Bath, 
$200,000; to the city of Gardiner, $150,000; to the city of Hallowell, 
$100,000; to the town of Brunswick, $75,000; to the town of Topsham, 
830,000. The balance of the $800,000 was made to private parties, the 
towns of Bowdoinham and Richmond declining to make an issue of their 
bonds as authorized, to the amount of $45,000. The Company undertook 

4 



:26 MAIKS— EEKITEBEC Al^I* PQgn.ATO). 

to par tiie Crtr and Town I>ond$ at matnritT. with tbe interest cm the saroe 
BotL cldssef iire dated Nov. 1, 1S;»0. und ure jiayuliJt- in il» Teai* frtim dale. 
Inieresn on tbe ciir and town i;iun«> k dur in BoAon 1a A^itl and Ncir^and 
bits bet»n jiiiid by tbe CV»mpuLT. 

Hi Mtitipapf, G jw mK'. dpiuwib /mmof ^230.(l&& 

—dated loth Oct., 1S?>1: jthnrijial jiayabit- in l'.» TeaT^ ; iuTtiresi ^enu^an- 
nuaDy. (loth Apiril and loth Ocil at AuiriKta. Ni» inttiresu ba* Iteen paid 
since ll^th tko.. Ivio. C»n tbf It?: of Stfj»i.. ]St"»fi. iijf TrusiKirfi unifr this 
mortfira£re tCH>k jiosseasion of tbe road, and bave sin:t i»].ttiratt?d il. 

f^ Moripapr, C per cmt. roiWM hotuk -Siii»0,O(K> 

—dated l.Stb Ott., 1S52: princiiiai jiayaioe in 1<* yeare ; interest ^emi-an- 
nually, (lotb April and loui OciC) at Au^nisiiu ^o inieresi has^ been jiaid 
anoe l;»tb Oct., 1S55. 

SiKKisG Prxn fTfi.«T4 

Tbe art authorinn^r tbe issue of tbe Cny and Ti»wE Bon if pr:»v)ded for a 
Smkmp FutuL to W creatt^d a^ f.»lji»ws' : Tbr i-jm^iaty ic* juiy t:- tbe sune a 
sum e«.jual to two j»er cvut. t»L tbe aui.»un: of ":»jndf istsaeci — -tc* pay at liie 
rate of one j»er cent, on tbeir ani.mu: for u j»eri.i~ of Eve year? : and tben^ 
after, at tbe rule of one and a-iialf ]»er 'J"juz. Tnt- piiynjent* t^. tbe fund were 
made a? rfquired np to lr^»rt. smi*e vbifb n:- adiitionf bare :»een made, cx- 
t^ept fhim tne interest ol tbe stmi iLT^jjCt^i. Tnr luvtiscment of tbt- fund ai 
date named wa*' a«« foliow*. — ^In t:n^-L s*ot: c<f Aiijru^iJi. Gardiner. HiJji«weIL 
Brunswick and Topsbam. f4ii.:!(H': m Yarmouin Stock Band^, Sfll.MH'; 
casb in bands^ cjf trusittefei, fTfi. 



Genixai Lehgei: BALUfct Sheet. i5l*rH SxPTEEEiX. l^Dii.* 

Cuucnintua Aeeoimx »2.2:i4.2BF' Cirj nsd TtuvrLLoaw a^lG.BW 

Lnad duDH^vf. lr^:.?'JS' 2c Mun^uft han» 23(jJ|Hi 

Cv aprunnt iiCiWll m llan^mpt Jtemv 25C:.fl0O 

Enfrine aramnn ^.:2i- haD» ymx%iiit it Cktqq mnn vfOtat -■ - j4.000 

Ahmmuc iMud Tarmiiutb lUiad 2t;L.4rtl ?*reftimfc* f^sk. Su«ak Siabl etc- SL-JSf 

InteTBBi. ftuxidrr lutirniixiiii. totr 4^.L6f lunniiaxt: lUmd SiwiL B<bu& 2(C4M* 

Sinkiiif: iund • ISiil.t^t' Ann. tw c of 1* 5 A P C-4* IPL-.UM) 

BtmoE jufdfTu l!-.yi«i .'n^auLfiuetnmBmwBait-'§-~lZ...i' 

r dot- 2fi.|}i^I Add muck un e ! «c Si.f Jr— T^*555 



Jael tutck u. marhnirriMfg- :J:l.35i3 Nrv J*refflrrrd fhoek Il?..nO£t 

llF'Iv; 21ili» psTuik and sauby ■cBoamft. • • • ^l.i^" 



Toxal ll.!«»tJ»f Tanu SLJSSHJSSS 



Cob. ZAUi>f.fe, Zrixxasu rr:.., YtAia.T. 

dm of JCkr « wn» LM.mm p - (nterstinp y« — ^Trf^rdj»-% 

TeK liamt kt, afrgad Pmf r Jreipn liiuM kt. lituL cxiciMBft frnmp. t |. &. 

l=nl-. t:.Tii.S7(. » WKIKT i.«;.J».ii .... fcT.Ot:: t^ WiC' tr.fIrT nL niL 

itS2.. -.^i.iiw- 7::i .«ii.2h. 3« i*i« ■■ ■- :2i:.2S': »4..(»i«' tlj?-: '■ *• 

l»i-- 1.6U=.aTO 7:^ 15-. it^ 4-JL;:: ll.aw 2i»-.3t^ Ki-ii^i* ::4.f»n5- - 

ISs-- l~tii..C77 71*1 itT/;* 4i- »*^: ll.iHf ::i*^.aK: :.i.J(»4 I.-i-af^' * *- 

l?3t" l.?r:.3ft4 7-. i41.L»5i' f-.^Hf JC 4fl 2t*i.itr ia^.7i- tir.fJl- • ' 

ISr- l.rT.JJW 7;:. :3!-.ri *i..tSr iL.iSi l-If-.^r^ ]^ 7li£ 7i.;^ - - 

3«? -. l.tr..»i 7::, r,si*. t^.y~' *2L.9iti ]i& lT^ K.S2r 7r.'4t. • *• 

lat" i.t^'i-ssp 7:;t S3x- ^.i*-: i-x.i?^ iu.rif s:.?^: £:.6.»e •• •• 



«:i:S^34lW[ :.lii.S: Jri^^S- JuijCr :.^4t^r f:!-.7w 72J'.nf:i * 
Avvniffe 135=^31: 7i ::ti*i: ^.*-.» l^.Sl iolJfS K.lt?? 9lA'^ * 

Xo d*Tidimd£ hir^i it!«L piui tiz'stfiir, :*l tne Tarm:«iitii SiiK-i. 



MAINE— PENOBSCOT AND KENNEBEC. 27 

Income Account for the Year Ending SIst August, 1859. 

Diaburatmtnt* — 

Working expenses S82,621 

City and town coupons (No. 16 k 17 Bds) 4B,U0O 

Yarmouth Uividends to Ist April, 1859- 12,144 

Balance 21,551 



ReeeipU — 

110,479 passengers.. •85,641 

27,6391 tons freight 54,92 1 

Som. A Ken. RR., etc 14,566 

JUUs,etc. 9,488 

ToUl »164,516 



Total $164,516 

The available assets in the hands of the Trustees amount to $29,570, of 
of which $8,019 was excess of earnings in 1857-8, and $21,551 in 1858-9. 



PENOBSCOT AND KENNEBEC RAILROAD. 
(Financial year ending 31«^ May^ 1859.) 



Board of Directors and Officers, 1859-GO. 



T. W. Baldwin Bangor ^ Me. 

Franklin Muzzy 
Jabez True .... 



William Connor KendaWs MiUs, Me. 

John Webber WatervUle, « 

Ira Crocker Portland^ " 

HoLLis Bowman, President Bangor, Me. 

Elias Merrill, 7V«a««r«* and Secretory " " 

Edwin Noyes, Superintendent Waterville, " 

Principal Office Bangor, Penobscot Cb., Me 



Lknoth of Road — Bangor to Waterville 55 miles 

No second track. Sidings and turnouts about 6 miles. 



Rolling Stock — Locomotive Engines 4 

Cars : — Passenger, 10 ; merchandise, etc., 93 103 

The Penobscot and Kennebec Railroad Company was chartered on the 7th 
April, 1845. The construction of the road was commenced in 1852, and 
completed as follows: from Waterville to Kendall's Mills, in Dec, 1853; 
thence to Pittsfield in Nov., 1854, and to Bangor in August, 1855. On the 
Ist day of November, 1856, the road was leased to the Androscoggin and 
Kennebec Company for a period of 20 years, the latter agreeing to maintain 
and operate the road, ana to pay to the former three-sevenths of the net 
earnings of the joint business. Under this lease the Company has received 
$164,020, viz.:— for six months ending Slst May, 1857, $33,170; for the year 
1857-8, $63,526, and for the year 1858-9, $67,324.— (5^ And. & Ken. RR.) 
The earnings from its opening to the date of the lease, (average 18 months) 
amounted to $145,577, viz. : from passenger traffic, $94,537 ; from freight, 
traffic, ^44,655, and from mails, etc., $6,585. The expenses of working were 
$82,.')54; net earnings, $63,023. 

Share Capital— Authorized, $1,000,000, in 10,000 $100 shares. 

Paid in, $555,229. No dividends have been paid. 

Funded Debt — $1,206,800 ; in detail as follows — 

Bangor City^ \st Mortgage^ 6 per cent., coupon bonds ..$800,000 

— of these $500,000 were issued on the 2d Oct., 1854, payable in 20 years; 
interest semi-annually, (2d April and 2d Oct.,) at Boston ; and $300,000 on 
the 21st April, 1855, payable in annual instalments of $20,000 after 1860 ; in- 
terest semi-annually, (2l8t April and 21st Oct,) at Boston. These bonda 



28 MAINE— PORTLAND, SACO AND PORTSMOUTH. 

confltituto by Btututo a first lien on the road, and are further secured by an 
e(jual amount of the Company's bonds issued to the city. Interest has 
boon re^uhu'ly paid by the Company. 

tld Morttfagf, 6 per cent.^ coupon bonds 8250,200 

— issued 1st August, 185G, and payable in 20 years; interest semi-annually, 
(Ist Fob. and 1st Aug.,) at Bangor. Interest has been regularly paid. 

8rf MorUfoge^ per cent., coupon bonds j . .$156,600 

— issucMl Ist Soot., 1856, and payable, principal in 15 years and interest semi 
nimually, (1st March and 1st t^cpt.,) at Bangor. Interest unpaid since 1st 
"March, 1858. This mortgage provided for an issue of $300,000, 

Floatino Dkbt — $152,936, viz. : bills payable, $106,616 ; interest scrip due 
to Bt^M'klioldoi'H, $21,959 ; coupons outstanding, $18,061, and unliquidated 
claims, $6,300. 

Cost of Road and Equipment — $1,715,433 : in detail as follows — 



Lnnii and laiul-ilumn|^8, oto t97,441 

(Jrmlutttion 665,392 

MiiMury 114,SIS6 

Bridging 78,854 



Iron rails, spikes, etc t367,896 

Stations, buildings, etc 60,684 

Tjooomotives and cars 104,019 

Engineering and other expenses. 226,291 



General Leduer Balance Sheet, 1st June, 1859, 



Capita! »U»ck $355,229 

Citj of Dangler Donds Hst Mort.).- . • • 800.000 

Coini»a«y*» Bonds (2il Mi»rt.) 250.200 

" " (3d Mori). 156,600 

Interest aorlp due stoi>kU>lder« 21 ,959 

BUla ["arable and accounts 106,616 



Dr. 
Construction Account, including^ 

Pier Co. lands k city lot at Bangor<$l,6I 1,414 

Equipment 104,019 

Stitck in Pen. & Ken. RR. Co. r«ceired 

from sale of 3d Mort. Bonds, etc.*. 78 014 

Cit V Bangnr Bonds unsold 2,000 

Cash and bills receirable, etc 4,1SI 

Profit and lot» tl58,300 

Loss income, 1839 67.324— 90,976 

ToUl : $1,890,605 i Total $1,890,605 



I\)RTLAND, SACO AND PORTSMOUTH RAILROAD. 
(FinaHviai jfrar ending 31*/ ^*'!f, 1859. 



Board or Dirkctors and OrricrRs, 1859-60. 



Frmncis C*^well Andorrr^ Ma$s. 

i»«HVi^» M. Ur\»wne Ikn^^ou, 

Nathaniel lKH>per ** 



Thomas West Har<rhillj Ma«. 

Jame$ Hay wan! B*)^^fU, " 

Charles E.' Barrett Portiivuiy Me. 



loiiAVor invinvis, Prt^fUieH: PorUmouth, X. H. 

EnPH \Lr r NoTT, Trnwit/rr Portland. Me. 

Jkms Kv^tLLy Jr^ S^periucen^ieu: " ** 

Prinvipxl Okkick. PoRrL.vxD, Cnmbtiiaud Co,. Me. 



Length or Rovr^— l\>rt!and Me^ to Portsmouth. N. H 51.30 miles* 

Siding turnouts, etc " 



KoLLjNc: SrocK — Lvomotire ensine^ 11 

Cars :— Pasiwaser. lo ; niervhaudise. etc.. Il> 131 



The PjrT^.titJ, SoiV an'i PjrtiM'iHtA R.u.'nMki Cof^pttfy wjls chart orevl bv the 
ilaiue Le:r^la:un» on the 14:h Mar.*h, l>o7. The coci<:rav:t:oii of thenxid 



MAINE— PORTLAND, SACO AND PORTSMOUTH. 29 

vas commenced in 1841, and the whole line was opened for public use on the 
2l8t Nov., 1842. On the 28th April, 1847, a contract was made between 
the Portland, Saco and Portsmouth Company, and the Eastern and the Bos- 
ton and Maine Companies, whereby the two latter took a perpetual Iciise of 
the road of the former, agreeing to maintain and operate the same, and to pay 
a rent to the lessors equal to 6 per cent. Under this contract the dividends 
have been regularly paid. They have however, as will be seen, been earned 
by the road. 

Share Capital — ^Authorized and paid in, $1,600,000, in $100 shares. 



Funded and Floating Debt — None. 



Cost of Road and Equipment — $1,500,000: as follows — 

Suporelrocturc, including iron 9364,976 



Land, lond-dam^ges, etc 886,894 

Graduation 437,701 

Masonry 61,043 

Bridjpng 93,831 

Interest, discounts, and otherwise invested 



Stations, buildings, etc 171 ,254 

Locomotlres and cars 95,549 

Engineering 48,730 

139,017 



Income Account for the Year Ending 1st May, 1859. 



Raceipts from 

205,248 passengers $147,964 

Freight 48,908 

Expresses 3,469 

Mail serrice 7,837 

Sundries 421 



Total $208,299 



Maintennnce of way. $27,306 

Repairs of engines, etc. 31,669 

Trains expenses 9,740 

Stations expenses. 12,235 

Shops, insurance, taxes, mails, int., eto 13,321 

Renewal account 10,000 

Balance Earnings. 104,129 

Total .$208,296 



The Company publish no General Ledger Balance Sheet In the annual 
reports, the cost of the road, etc., is stated to equal the capital stock ; and, 
above this, the Company have undivided earnings amounting to $54,873. 



Cost op Road, Earnings, Expenses, etc, Yearly, 





Mile.. 




Qrosfl Earnings — 


» 


Ex- 


Year. 


Coflt. age. 


Pasa^ger. 


Freight. 


Mails. 


Total. 


penses. 


1843.. 


.$1,048,194 


51 


$26,614 


$1,885 


$2,820 


$31,319 


$20,982 


1844.. 


• 1,158,983 


51 


84,926 


10,957 


9,062 


104,945 


46,049 


1845. 


.. 1,236,750 


51 


106,137 


18,138 


7.129 


131,404 


51,822 


1846. 


.. 1,260,000 


51 


98,991 


18,503 


8,903 


126,397 


55,485 


1847. 


.. 1,260,817 


51 


120,454 


19,157 


8,677 


148,288 


55,452 


1848. 


. 1,271,824 


51 


129,344 


20,891 


10,588 


160,823 


59,223 


1849. 


.. 1,292,091 


51 


123,814 


20,531 


10,410 


154,755 


58,186 


1850. 


. 1,293,640 


51 


155,751 


25,413 


9,637 


190,801 


72,b'36 


1851. 


.. 1,300,323 


51 


150,847 


25,969 


10,799 


187,605 


80,792 


1852. 


.. 1,301,883 


51 


154,115 


32,895 


14,255 


201,265 


90,029 


1853.. 


. 1,302,458 


51 


158,901 


49,572 


14,508 


222,991 


91,563 


1854.. 


. 1,303,395 


51 


189,094 


58,351 


15,334 


262,779 


108,720 


1855. 


. 1,317,605 


51 


202,091 


62,161 


14,697 


278,949 


136,788 


1856. 


. 1,359,218 


51 


192,886 


61,299 


16,029 


270,214 


157,723 


1857. 


. 1,494,791 


51 


189,487 


56,104 


8,126 


253,717 


132,808 


1858. 


. 1,500,000 


51 


155,954 


48,029 


8,014 


211,997 


110,853 


1859. 


. 1,500,000 


51 


147,964 


48,607 


11,728 


208,299 


104,270 



Net 


•-Dividend—* 


earnings. 


p.c. 


$10,337 


$36,680 3h 


58,899 


69,000 6 


79,582 


69,440 6 


70,912 


70,000 6 


92,836 


70,000 6 


101,600 


71,565 6 


96,569 


77,520 6 


117,965 


78,000 6 


106,813 


78,510 6 


111,236 


76,705 6 


131,418 


80,175 6 


154,059 


81,100 6 


142,161 


82,956 6 


112,491 


90,000 6 


120,909 


90,000 6 


101,144 


90,000 6 


104,0*29 


90,000 6 



22,191,972 61 2,387,370 578,462 180,706 3,146,538 1,433,581 1,712,957 1,303,651 
AT«r»e. 1,306,410 61 140,443 34,027 10,630 185,090 84,328 100,762 76,690 6 



80 MAINB— PORTLAND AND OXFORD CENTRAL. 

PENOBSCOT RAILROAD. 

Officers, 1859-60. 

GiDKON Mato, President OronOj Me. 

E. P. Butler, Treasurer " " 

Principal Office Oroxo, Penc^scot Co,, Me. 

Length of Road — From Bangor to Milford 14 milc^ 

The Penobscot Railroad Company was chartered on the 2l8t August, 1850^ 
It was placed under contract in 1852. The line is now pretty nearly graded. 
No portion of it has yet been laid. It follows the immediate bank of the 
Penobscot River, crossing it at Oldtown. The work of construction has 
bean suspended for some time past. 

Share Capital— Authorized, aGOO,000, in 6,000 $100 shares. 
Paid in, - $180,497. 

Funded Debt — $300,000 ; described as follows — 

1st Mortgage Bonds $300,000 

.^^ated in 1865, and payable, principal in 20 years ; interest semi-annually. 
Of these bonds, about $45,000 have been sold absolutely; the greater part 
of the balance is held as collateral to the debts of the Company. No interest 
has been paid on the bonds. 

Floating Debt (Estimated) — $75,000. 

The amount expended on the road (exclusive of iron) has been $328,412. 
This amount embraces considerable purchases of real estate situated in 
Bangor for depot, lumber yard, etc., etc. 



PORTLAND AND OXFORD CENTRAL RAILROAD. 



F. 0. J. Smith, President and principal owner Portland, Cumberland Co.^ Me. 

Length of Road — From Mechanics' Falls to Sumner 19 mile^ 

The Portland and Oxford Central Railroad Company was chartered in the 
year 1856, with authority, among other things, to extend the Buckfield 
Branch Railroad, which was merged in the new company, from Mechanics 
Falls to Portland, a distance of about 33 miles. No progress has been made 
in the extension toward Portland. The road has not been run for several 
years past, and may probably be considered as abandoned. 

Share Capital— Authorized, $1,260,000, in 12,600 $100 shares. 
Paid in, - $144,000, on 1,440 « 

Cost op Road and Equipment— $360,000. 



No reports have been made by the Company, and no further statement of 
its financial condition can be given. — (See Buckfield Branch Railroad,) 



MAINE-SOMERSET AND KENNEBEC. SI 

SOMERSET AND KENNEBEC RAILEOAD. 
(Financial year efiding 31«^ Marchy 1859.) 

Board of Directors and Officers, 1859-60. 



Lot M. Morrill Augusta, Me. 

Abner Cohum Bloom/Uldy " 

Samuel Robinson Skotohegan, ^^ 

Ezra Totman Fairfield, " 



Samuel Cony Augusta, Me. 

John Mulliken " " 

L. W. Lithj^ow " « 

Ebenezer Frye Vassalb&ro, " 



Joseph Eaton, President Winslow, Me. 

Benjamin Davis, Treasurer Augusta, " 

B. II. Cushman, SapeHiUeiident " »* 

Principal Office Augusta, Kennd)ec Co., Me. 

Length of Road — Augusta to Skowhegan 37 miles. 

No second track. Sidings and turnouts about 2 miles. 



Rolling Stock — ^Locomotive engines 2 

Cars :— Freight 8 

The Somerset and Kennebec Railroad Campany was chartered on the 10th 
Auffust, 1848. The work of construction was commenced in 1853, and the' 
road was opened in 1855, to KendalPs Mills, 21 miles, and in Dec,, 1857, 
to Skowhegan, 16 miles. Since its opening it has been furnished with rolling 
stock, and operated by the Kennebec and Portland Company under tem- 
porary contracts. 

Share Capital— Authorized, $700,000, in 7,000 $100 shares. 
Paid in, $168,200. 

Funded Debt — $550,000 : classified as follows — 

\st Mortgage, 6 per cent, coupon bonds -. $300,000 

— dated 15th June, 1854, and payable in 20 years. Coupons semi-annually, 
15th June and Dec, at the Company's office, Augusta. 

2d Mortgage, ^ per cent catpon bonds $250,000 

— dated 15th June, 1856, and payable in 20 years. Coupons semi-annually, 
15th June and Dec, at Augusta. The 2d Mortgage provided for an issue 
of $350,000. 

No interest has been paid on either class of bonds for the last two years. 
Of the 1st Mortgage Bonds $102,000 are pledged for $70,000 ; and of the 
2d Mortgage $12,000 for $6,000. The bonds sold realized $355,700. 

Floating Debt — $51,926, bills payable, etc There are also coupons to the 
amount of $66,000 over-due. 

Cost of Road and Equipment — $783,763 : in detail as follows — 

MaBonry $6,447 



Land, land-damagef, etc t30,476 

Graduation 348,819 

Enipnaering 19,409 

Bridging 97,103 



Iron.. 168,791 

Rolling Stock 7,000 

Other expenditures 106,716 



Incomb Account for the Year Ending 31st March, 1859. 



Beeeipti 

34,848 pftmengen $20,500 

16,001 tona freight 30,960 

lUUterrice 3,343 

Ezprui 600 



Total $56,403 



Dishnratments — 

Operating expenses, paid K. A P. Co •• $13,663 

Pay rolls for station and section men •• 8,706 

Incidental expenses 2, 129 

Gravel train, ordinary repairs. 2,601 

Surplus income 28,414 

Total $55,403 



32 MAINE— YORK AND CUMBERLAND. 

The surplus income was disposed of as follows : improvements on build- 
ings, etc., $1,500 ; covering and finishing Skowhegan bridge, $1,342 ; land- 
damages, 8225; coupons due June, 1856, $600; mail service uncollected, 
$592 ; iron liability, $22,973, and wood now on hand, $1,180. 



General Ledger Balance Sheet, 1st April, 1859. 

Cr, 

Share capital $169,200 

Funded debt. 550,000 

Floating debt 51,926 

Overdue coupons 66,000 



ToUl fBST.riO 



JV. 

Cost of road, etc $783,763 

Profit and losa, balance 53,363 



Total $837,126 



Cost, Earnings, Expenses, etc.. Yearly. 

Co«t Mile- r Gross Earnings » Operating Net ,-— Dir. — ^ 

Tear. of Koad. ago. Passen'r. Freight. Alail. Total. expenses, ear'gs. t p c. 

1855 $700,000 21.00 nU. nU. 

1856 700,000 21.00* ; Operated by Ken. A Port. ( 21,950 14,250 7,710 " " 

1857 734,389 37.00t V Co., except for 2 months, ^ 65,904 29,756 36,148 " " 

1858 783,763 37.00^) vii. : Sept. A Oct , 1857. ( 24,832 6,742 18,090 " " 

1859 783,763 37.00$ 20,500 30,960 3,943 55,403 26,989 28,414 " «» 

•3,701,915 153.00 $168,089 $77,727 $90,362 " "" 

Arerage.. 740,383 30.60 42,022 19,432 22,590 " «« 



YORK AND CUMBERLAND RAILROAD. 
(Fbiancial year ending 31«^ DecemheTj 1859.) 



Board of Directors and Officers, 1859-60. 



R. I. Robison Portland^ Me. 

J.P.Rich ** " 

Ammi R. iMitchell " " 



Hiram 11. Dow Portland^ Me. 

Arthur Mc Arthur Limingtan, " 

George R. Davis PorUand, 



J. W. Lane, President Portland, Me. 

J, P. Rich, SuperiTUeJident " " 

Principal Office Portland, Cumberland Co., Me. 



Length of Road — From Portland, Me., to Great Falls, New Hampshire.. .52 miles. 
Completed and in operation, from Portland to the tSaco River. .18 miles. 



Rolling Stock — Locomotive engines 3 

Cars of all descriptions 20 



The York and Cumherhnd Railroad Company was chartered in 1846. The 
construction of its road was commenced in 1849, and completed to Gorham, 
lOi miles, on the 8th of Feb., 1851, and to the Saco River, 15th of Feb., 
1853. A portion of the road, between Saco River and the town of Alfred, 
and also a portion of it near Great Falls, have been graded, though the 
work of construction is now suspended. 

* 13 months' operations, from Feb., 1855, t<y 11th April, 1856. t 16i months' operations, from' 
nth April, 1856, to Ist Sept., 1857. % 8 months' operations, Sept. to 30th April, 1858, inolading 
94,636 earnings for Sept and Oct, 1857. \ Full years operations. 



MAINE-YORK AND CUMDERLAND. 33 

Capital Stock — Authorized, $1,500,000. 
Paid in, $370,000. 

FuNDKD Debt — $438,000, as followH — 

lit Mortgage^ 6 per cent, coupon bonds $10,000 

—issued 6th Feb., 1851, and payable in 20 years ; interest semi-annually, in 
Portland. The interest on these bonds has not been paid for several years. 

Id Mortgage^ 6 per cent, coupon bonds $398,000 

— diited 1st Jan., 1856, and payable in 20 years ; interest semi-anually, Is^ 
Jan. and 1st July, in Portland. Only one coupon, due 1st July, 1856, h'^ 
been paid. 
This class of bonds was issued for the following purposes: 
The road up to let Jan., 1856, had cost $1,090,000, as follows— 

Stock paid. $370,000 I Judgments $200,000 

Ist Mortgage Bonds 40,000 Floating Debt 60,000 

2d Mortgage Bonds 410,000 | Land claims 20,000 

The judgments took priority of the second mortgage, and the road was 
sold under them, on the 30th of April, 1856, for $80,000. A compromise was, 
however, agreed upon between all the creditors upon the following terms : 
A new mortgage was created on all the property of the Company to secure 
bonds to the amount of $950,000, into which the several classes of creditors 
were to convert their claims as follows : 

Land claims at par $20,000 

Firet Mortgage Bonds 40,000 

Jadgments against the Company ..•>•. 200,000 

ToUl '. $398,000 



2d Mort. Bds., $410,000, at 30 per cent.$123,000 
Floating Debt 15,000 



This amount represented, under the settlement, the cost of the 18 miles of 
road constructed ; the stockholders surrendering their stock in consideration 
of being released from liability thereon. Most of the parties interested, ex- 
cept, perhaps, the 1st Mortgage Bondholders, have assented to this agree- 
ment, and their former claims extinguished thereby. The balance of the 
bonds, $552,000, was to be used in the completion of the road to Great Falls, 
for which a contract was executed at the same time, the contractors to receive 
$1,006,000, one-half in 2d Mortgage Bonds, and one-half in new stock. 
Under this contract some work has been done between the Saco Kiver and 
the town of Alfred. The company publish no reports ; and no income ac- 
count, or general balance sheet, can do given. The cost, earnings, etc., of 
the road since its opening for business, have, with the exception of the past 
year which is estimated, been as follows: 

Cost of Koad, Earnings, Expenses, etc.. Yearly. 



Cost of 
Year. Road, Ac. 


Miles, 
of Road. 


Passen'r 


— Gross Earnings- 
Freight. Mails.eU 


J. Total. 


N Operating 
expenses. 


Earng's, 
less exp. 


r-Div- 
p.c. 


1861.... $399,010 


101 


$9,007 


$1,037 




$10 044 


$9,292 


$752 


nti 


1852.... 641,021 


101 


11,349 


4,345 


... 


15,694 


10,673 


6,021 


it 


1853.... 748,699 


20 


14,800 


13,698 


193 


28,591 


15,727 


12,864 


t( 


1854.... 766,018 


20 


16,348 


14,364 




30,712 


24,688 


6,024 


(( 


1856.... 774,714 


20 


21,372 


17,125 


771 


39,268 


25,468 


13,800 


(( 


1856.... 774,714 


20 


16,362 


15,048 


771 


32,181 


27,000 


6,181 


tc 


1857.... 398,000 


20 


16,792 


12,493 


785 


30,070 


29,086« 


984 


IC 


1858.... 398,000 


20 


13,817 


15,907 


800 


30,524 


24,619 


6,005 


11 


1859... 398,000 


20 


14,000 


16,000 


800 


30,800 


24,000 


6,800 


(( 


$5,297,176 


161 


133,847 


109,917 


4,120 


247,884 


190,453 


67,431 


u 


Arenge. 588,576 


18 


14,872 


12,213 


458 


27,642 


21,172 


6,380 


It 



LAWS OF THE STATE IN REFERENCE TO RAILROADS. 



List of all the Railroad Companies chartered in the State of Maine, with 
the dates of the Acts of their incorporation ; and also the dates and abstracts 
of all laws passed by the Legislature in reference thereto. 

The asterisk [*] prefixed signifies that the work of construction has not been commenced. 



Corporate Titlc-^^ 



ANDROSCOGGIN' 



Androscoggin A Kennedcc ■ 



^Atlantic Junction .•■-*'■ 
(( (t , , 

Atlantic A St. Lawre^t^e.- 



iJfttO. 



Abstmot «f Laws, 



'Aroostook 



•Aroostook A St. Andrisw's Biu.icii 

liANGOR A OlDTOWN ■ - - ■ 



Bangor, Oldtown A Milforh • 

u u ^' . ■ 

H U it , . 

Bangor & Orono ....--»*.***■ 



Bangor k Piscataquis- 



" " - 'July3t, 

•' " -'^'Meh. i4, 

•Baring t Bog Brook ..*.. ^ |Mch^ 29, 



*Ba88 Harbor Mii^ • 
*Bath k Portland.* 



•Belfast A Quebec- 



•Bklpast Marine • • -- 

'•BrLFART k MoORKHRAD LaIKK.' 

•Belfast & Watkrvillb .-•-* 



Aug. 10, 1B4B Aqtof iDL-orponitian. 
Feb. IS, 1@53 May increiMEc ^hare capitftl. 
Apr 2U\ 1 6? 4 Amendi act of Incarporaiioii. 
Apr* ], IB^ii Kay ctiti»cilidAt« with other etiiapntiiciF, 
Mch, 2Bf IBib Al'I qT iDcorporatioD. 
JtiQe21, ]d4B May increase capitnl, 
Apr. 1^ 1^56' May coneo1idnt« with otbor eompttaio^. 
Apr. 17^ 1852 Act of incorporation. 
Apr> 1% 1864 A men da net of iaeorpomtlrai^ 
P«b. lOf I34& Act of meorporatton. 
June 17, 1946 Act addUional to act of foc«rpo!*a(!fit»* 
Aug. S, 1948 f^ortlan^i may iji^sue scrip to aid CuinpaDy,. 
I June 12^ J85C! May incrcfi^c eharo (?j»ipital. 
I July 27, 195fO Portland tuny gmnt further did to ciimpnny. 
June % ISfil Comm^cira autbarited to invest Sinking FuuiL 
Feb* 13, 1952 Pottlntid may aid in coDJtrui^ting mart. 
Mch* 5, 11^53 May contract for Bt«afi]shtp«i to LiverpooL 
Feb. 5, 18B3 Portland miij grant fiirthur aid. 
Mub. 20, 1^3 AtilboHv?! eonipany tci Jeaae rtiful. 
Feb. 17, i9B'i Flv«p^cting etiDviijancfl at mad. 
Sep, 29, I8B3 Mhj convert fsbarea into Ftorling. 
Apr. 10, 13S4 Act of im*orpt>ration. 
McK. 27, 18S9 Act of Im^rpo ration. 
Apr. 4t 1859 Aet in aiJ of compajiy 
Apr. 4, 195K Bfliijifor amy aid cftmpany. 
Apr, 4, 1959 Autbortt«ui publlcAliou of out for iitd 
Mcb. 15, 1859 Act of iacorpomtioD* 
Meb. B, 183? Act of ineorporation. 

Mrb. IB, 1S36 Uny cotifltract braneb neroKi Pcftobwot Hirer. 
Meh. 14, 18S5 Nil toe ebringe'd to Bjingor, Oldtown & Milfard. 
Mch. H^ IfiSS Nanio i;bangQti from Batigrir aad Olitown. 
Apr 16, 1357 AuttiorlKed to cxt^n'l maJ. 
Meh. 24, iaS9 AatbodRiyd to oxttod rcmd. 
Aug, 2, 1 84 7] Act of inoorporation, 
Ang. 21^ lS5(]Kanie i^banged to Pcnobicot, ^nd aulbori^fic^d 

I to construct road to Oldtown. 
Mar* 14, i955|Autbc»riiod to c^hnage looatiojj ot road, 
Feb. 8, 1 B33! Act of iiiixirpQrntioa. 
Mch. 1$, 194@[MAy extend n>a4 to Milff^rd. 

194S^E3Eompta Co from opcrntWin of iec. 6 of act to- 
I latino U raUroad, pufsed Marc^b 7, IS4'i. 

I'^tT Mny exlciid rnaii in MiJftjfil find Bradl^j^ 

lt^5l? Xnmo tban^ed tit BJingor, Oldtowa k Mllft^d. 

l637iActof IficorfNjrritbn* 

IBS 7 Act of inE;nirporatio«« 

l^M Art of Lti(?urp4)rntioQ 

1 -- 3 ^ Alt<?rs a^^t of iucorporation. 

I'- ill Aft of inHirporstioD 

] - :'i f v. hHh time for complotbti ©f mad, etc 

1-1' K\?. lijH timo for can]|)lHioQ of road, etd» 

I6.i»^>' ,\t:X ui' inporporatloo. 

J 85 i .Act of ifi<*flr|"onvtion. 

IS48'a^iI of mcorporattoiL 

34 



Meh 

iFeb. 
iFfh. 

Feb. 
Mcb. 
Jarie 

July 



MAIXE— RAILROAD LAWS. 



85 



Coqx^nOfi TitLeB. 



*BMTn«Ar MiLiEiirft 



CALAIS' 



CiLAtS A BAM^a* 



Date, 



*Qm ELtlAllSTaWMA.fiFAMAIU>iK 

*Bfc«iift 4 Nkwpomt " - ' 

Ldropran 4 Xuara Asci£jiicam- < - 



^Fkaitelix 4 EeVHSIICC'' 



'FkAlJCrDBT^ BAJtaOA A B^LrASt^ 



GU4T TaLLS k Ctllf WAT* .■■■■* 

tiiKAT Favu a S. Bier wick Bit^xcit 



Balupitkll Qra.tits .*-«*«..«.*. 
*HKCLiii5a Gl:t Hammi ^ * ^ * - - . - - 

lLEJri£ll£C 4 PofttLAirp ' ' > < . 1 > « - 



KcilKKBC k W[»CAr4ET« 






Lewt^aIblavp- 



.Sep 27, 
Apr. 11, 
M^b. 24, 
July 22, 
7, 

Ait^. 2y, 
Mch. 27, 
A,>r. 24, 
Feb 17, 
Mih. 10, 
Meh. 25, 
Fdv 22, 
Jutv 26, 
M4i. 20, 
Fab 25, 
Au;< 13, 
|Mdi. 8, 

ikli. 27, 
Aug. 7, 
Mdi 3U, 
Aug;. 20, 
Au^r20, 
Aug. 27, 
Aug. 28, 
Mah. 27,- 
.Mi4 29, 
Kt^b. 20, 
Juij 31, 
July 22, 
Af^r, 22, 
Mi'h. 22, 
,M*>h. 12, 
M«b, 4, 
Mcb. 31, 
June 8, 
Jueo 15, 
Aug. 10, 
Jun« 3, 
^p. 23, 
Apr. 1, 
Mtih. 1, 
Mcb. 1, 
Akh. 30, 
M«h. 6, 
Meb. 23, 
Mdi. 9, 
Apr. 1, 
Apr. 9, 
}\^h, 31, 
July 16, 
Junti 7, 
Aug. 30, 
Judo 3, 
ilrh. 30, 
Apr. 14, 
Apr, 15, 
Mih 16, 
Mrb 16, 
Meh 29, 
Met) 16, 
M.'k 12, 
Mc'b. 16, 
Apr 14, 
J.iti. 24, 
J.I11. 29, 
Keb. 14, 
Mcb. 8, 



Ab^tnut of Lawa. 



1953 Tini« exl«nded fur Lo^^iitmg road. 

1857 kvx. (if Incorptinitiim. 

JSiiS A«tt of incqrporntinii. 

iS'i? Act of iniTorptirAClon. 

lB4y Mny inprfiiirti capitjil. 

1351' Numtier of cl i re ut/iri limited, 

I ^^i Time f^r rctJQQipiuin of t&iid cxtoaded. 

lai-' Hepejila (ict of Alart^b 27. 

1 832 1 Aet nf itnMjr|jr*ratif>n. 

I y 35 1 Kit cad « tiuii" fur compktion. 

|i^57 Mtiy oxti^nd rand \a Mitkown, 

1 '^.i-- K.vtfnfljjt time for ednipJetioD, ctfl, 

J - s:i *"tijfcnj*i'* name t<i " Calii* And Bnriag." 

l^M Alt uf incurpurittian. 

1 - 'li l'\t* ii4s tirao foF (completing road. 

i "''-;> ^^{►b'lii^iit. ti> net of iticoqHirjition, 

13^5 Miiy unit« witb Lewj'a ialmnd Eailroad Co. 

Act «f IncorpomtiaD, 

Acl of Incorporntioa, 

Aet of luenrparvttoii, . 

Act of incorpcjr^tloEt 

Act of iDcsorportitioQ. 
] ' Vi Authotiiw (iiirTey. 
It-ijU Autbamci iucredfo of shRro cuipiul. 

Afka fur Ftid^ral aid for rood. 

Beeulution iuviting aid from United Statos 

Provide for ccrtpin rutlroiiii connections. 

Tiiiii} far cctimtDctirtng roftd ex Loaded. 

K^r of inirorporattoii. 

Amende net itf tRt^rpcimtton. 

Time for li>cntiDg tami extended. 

Act of ineorponition. 

Kxicnili? tiniL* for {.'ompletioa of rond. 

AuiborUvd to crn^jibe river into Maine. 

Act of incorporation. 

KoyiTwi fict of ineorporntioD, etc. 

Miiy uftito with OrtJ^t Fa ill And Conwny RR 

Mjiy ^jctcnd road tw the Kew Jlanipt<hir« line 

Tiiucr f»r c<{}mpietioii of roud extcn Jud 

Time for filing- ItK^jLtion extetidv^d. 

Act of incorponitjon^ 

Act of iticorpiirntion. 

Acl of inL-orftomtiun.. 

Aet of incorporulion. 

Act of incorporution. 

Ame^ndi act wf inci>rpormtlntu 

.\et of incorporation. 

Act of incori^rrttbn. 

£Cxietid>» liijif* to loenlff nnd eoeetmct. 

Act t^ddittgna] to act of incorpuratiun. 

Maty con^tntct a bran^b to Batb. 

M«y tncraiM^e c*pHjiK 

<'ortiiits citie« and lotvtii> nmy grant aid. 

EeLntini? to directon, 

^^tmm'i^rB antbfjrtiiML to in^e^t sinking fund 

^Ligigilciiictit to act of incorpvrAtiun- 

Act of ineorporiiti&Q. 

VutkiriiceffexlenxJiOii of rond. 

Wiju^nasct may aid the eumpony. 

\\'i of iitcoffninition. 

Act of incofpnration. 

.^nppltiutnt to At't of incorporation. 

Act nt ineor flora t ion. 

Cjiluia miiy aid in constructing. 

Muy I'hniige Iwati^m- 

lUdiiti?e timid by CAlnid. 

Etpkaniory of net of ApHl 14, (Ri4. 

Authorised to antte vitb QatAii k Uaring Co. 



1350 
1854 
1850 
iR53 

I'^Fhd 



1B5J 

18b:^ 

liTDfj 

IH17 
l^fJH 

I9i(i 

iH.i^J 

lB5'i 
1 941 

iBie 
lasi 

1853 
JB3fi 

iej« 

1667 
1BJ6 

iB3a 

1830 
1811 
1845 
1846 

J84P' 
1850 
1S31 

J 'f-ii-i 

1 -:..,. 
I -T. 

J 855 

IB5-T 



yo 



MAINE-RAILROAD LAWS. 



Corpoqf»t# filJea, 



♦Lnwt«To?f A TopffnAU 

M ACHl AiriiRf ■ 

*-M cntifroRT M itfsE 

Maine, NewIIampshire k Mass- 



•MaTTAX AWCOOK 

*MoosKHKAD Lake 

•NoKTH Marine Wharp* 
*Oli)to\vn k Li»col».- • • 



•ORRiKQToy Canal k RR- 

•Pacific 

♦Palmer k Machiasport- 

Penobscot. 

♦Penobscot River 



Penobscot k Kennebec* 



•Penobscot, Lincoln k Kennebec. 
♦Portland Mining 



♦Portland Marine 

♦Portland Union 

♦Portland k Cape Elizabeth Coal 



Portland k Oxford- 



Portland k Oxford Central* • • 
Portland, Saco k Portsmouth- 



♦Readfiblp, W1NTHR0P& Cobbossek 

CoNTEE Canal k RR. 

♦Rockland Marine 

♦Saco River. 

Somerset k Kennebec 



♦SorTii Thomaston 

St. OjiORu 1^ il Mi\y v> 

•tlNioar RrvilftCANAL ARR.- 

*Ulf|nN RlVBH 

*y\v-^ i.nMHiV tt China 

♦Watervillk a Fairfield- 

York A Cumberland 



Date. 



Aug. 10, 
Feb. 28, 
Mch. -iO, 
Mch. 12, 
Apr. 2, 
Mch. 22, 
Feb. 29, 
July 16, 
Mch. 30, 
Mcih. 28, 
July 28, 
Feb. 26, 
Mch. 8, 
iep. 27, 
Mnh. 18, 
Mch. 13, 
Mch. 8, 
June 14. 
Mch. 3, 
Feb. 28, 
Apr. 7, 
Mch. 15, 
Mch. 17, 
Mch. 6, 
Feb. 20, 
Mch. 5, 
Apr. 6, 
Aug. 13, 
Aug. 15, 
June 3, 
Mch. 1. 
Feb. 12, 
Mch. 1, 
Apr. 1, 
Feb. 20, 
Feb. 11, 
Feb. 21, 
July 15, 
.Mch. 13, 
Feb. 11, 
Feb 18, 
Feb. 17, 
Fob. 15, 
Apr. 15, 
Mch. 14, 
Feb. 14, 
Feb. 17, 
Aug. 3, 



10, 
&, 
5, 
3, 
2, 



.Mch. 18, 
.Mch. 23, 
Mch. 7, 
Aug. " 
Apr. 
Feb. 
Aug. 
Mch. 
Mch. 
July 29; 
Mch. 30, 
Mch. 24, 
July 30, 
June 21, 
July 26, 
Feb. 2.*, 
Mch. 30, 
Mch. 31, 
Mch. 14, 



Ab^trttct of Laws. 

1848 Act of incorporation. 

1845 Name changed from Palmer and Machiasport. 
1836 Act of incorporation. 

1839 Act of incorporation. 

1841 Act 3)dihtiiiiiiai u» tvvx of incorporation. 

1843 Act iifi^lHionnl to net of incorporation. 

1844 \h\y unit« wUh tbo BoHtcMn and Maine. 

1846 Act orUliriun to tlici tinioFi act. 

1857 Act to imlta wtth i^)?)t<i£i and Maine Extension. 
1838 Act to incorporate. 

1847 Act to incorporate. 
1856 Act of incorporation. 

TS'tJ AmtTidji Hi ^4 i;,L'>r}K>ration« 

1854 Btiingur muy pid eoinpany. 

ia% Sllpp1fiml^aury to in;tflf 1854. 

IBSA Act it> inpuf|K>nile. 

IB4T Rplathig to (1 railnmd to the Paciito Coast 

I £4 2 Ac t to i ni'o rporu Ife, 

1345 Changes tmtne to Machiiispoti Railroad Co. 

1?45 Avt of iacorpomtioQ. 

\B.'M'> Act of mcorpomtuju. 

18K Act iKiiiiti'jmd to act of incorporation. 

\K\''\ Art additinnul to act of incorporation. 

I81i[» Ai.^t addUiouiil to act of incorporation. 

IH-J I Ai t iiiJditiDiial \f» tict of incorporation. 

\H-\h Act «^f iii(^i.riKtnitkm. 

iSJfi Act nf iiiJ-i*r|Himtit]h. 

1-^4H Ch]iii|3;fftiijiint} PeoobjHot, Lincoln A Kennebec 

1851 1 Time fur construe Uon extcad^d. 

1854; Bangor mny nid in corjjitfUcting, 

L35r)'B{«ti^»r uiay extend further aid- 

I S55 Bangor iiiii.ir li*nd itfl credit In nid. 

IS^ti Mriy LH>iifkitidatQ with otbfl^r wmpaDiei. 

r^^f> Tim* extent! mi for convtrucUDg. 

HiJ Ai-tof uicjir|jotittion. 

H^u \\.\y LjiijrcnitLo CApital. 

li^-iO Aulbririxfid to canstruct dry dock. 

l-^ST Ai.'t of ineorpynition. 

1 -I . ; 1 A L-t i ff i n t'ti rpomt i on. 

ts iL' \i^e iti iidditioQ to act of incorporation. 

I -^ n A r I F i m^^rpoTO tion. 

1H44 E^iinnde lime for survey and completion. 

I-^.")? Alt of inciifpuration. 

1^1] 7 Act fif iQi'oi-pi^riilian, 

IHlil KictunJa tjm« for IrK-jvtmp, etc. 

1^41 Miiy tfunnect wUh E)i0tctti Railroad of Mass. 

1&4S May iocraiLse cupilui. 

1836 Act of incoiTKimlion. 

IS^'i'l A^X of iih^cir^Kirjiiion. 

lS5<i .Act of LDL^rponition. 

IS4R Act uf incc»Tporniion. 

1^2 AmeDdif net i>f liiicorporation. 

1S53 Ametiib Oct of incorporation. 

1B4H Act to ioDortmrata- 

1352 Act «f I Dfcor portion. 

1SJ4 Act to lncor]x»mt«. 

1 M^ Act lo inoor|*orate. 

185.} Act uf iivcorpamtion. 

1 B35 Act t^ innirporiLte- 

lH4ij Aet of idoorponntion. 

164S Act in ibdditiua lo act of incorporation. 

l§HICi«fitsirll may be ini^reased. 

1 35? Time «xie&ded fur completion. 

i^b'i Autborixcd lo esiisniJ road. 

\h%.i Autboriiod to extend road. 

1833| riiuD extended for completion. 



STATE OF NEW HAMPSHIRE. 



ashuelot. 

Atlantic and St. Lawrenck. 

Boston, Concord and Montreal. 

Boston and Maine. 

Cheshire. 

Cocuecho. 

Concord. 

Concord and Claremont. 

Concord and Portsmouth. 

CoNTOocooK River. 

Eastern. 



Great Falls and Conway. 

Manchester and Lawrence. 

Merrimac and Connecticut Rivers. 

Nashua and Lowell. 

New IIampshire Central. 

Northern. 

Peterboro' and Shirlet. 

Sullivan. 

White Mountains. 

Wilton. 

Worcester and Nashua. 



The first railroad constructed within the State of New Hampshire was 
the Nashua and Lowell, which was commenced in 1837, and completed on 
the 23d December, 1838, three years after the completion of the Boston and 
Lowell Railroad. 

The second road constructed was the Eastern, which was commenced 
in 1839 and completed in December, 1840. 

The third road constructed was the Boston and Maine — the section of 
which in New Hampshire was opened in 1840. 

As the greater portion of the three lines above named lies in the State of 
Massachusetts, a description of them is embraced in that of the roads of 
that State. 

The fourth road constructed, and the first having its route entirely witliin 
the State, was the Concord, which w^as commenced in 1841, and completed 
in 1842. It was the natural prolongation of the Boston and Lowell and the 
Nashua and Lowell; was built entirely by stock subscriptions, and has been 
an uniformly productive work. 

The fifth road constructed was the Northern, which was commenced in 
1845, and completed in November, 1847. The Bristol Branch, now a part 
of this road, was commenced in 1847, and completed in 1848. This road 
has been only moderately successful, having returned to its stockholders 
dividends averaging 2.7 annually. 

The sixth road constructed was the Cheshire, which was commenced in 
1845 and completed in 1848. It is an expensive work, and has paid the 
stockholders dividends averaging only 1.3 per cent, annually. 

The seventh road constructed was the Sullivan, commenced in 1847 and 
oompleted in the latter part of 1849. This road has proved almost entirely 



38 STATE OF NEW HAMPSHIRE. 

unproductive, paying nothing on its share capital, and for many years past 
no portion of the interest on its debts. 

The eighth road constructed was the Manchester and Lawrence, which 
was commenced in 1848, and completed early in 1850. "This road is now 
run in connection with the Concord Railroad. It has been a successful work, 
and has paid its stockholders dividends averaging very nearly 6 per cent. 

In 1848 that portion of the Worcester and Nashua Railroad lying in the 
State of New Hampshire was opened, and 29 miles of the Boston, Concord 
and Montreal Railroad. 

In 1849 portions of several lines were opened, viz. : the Concord and 
Claremont, from Concord to Contoocookville, 10 miles; the Concord and 
Portsmouth, from Portsmouth to Epping, 17 miles ; the Boston, Concord 
and Montreal, from Lake Village to Plymouth, 22 miles ; the Cochecho, from 
Dover to Farmington, 18i miles, and the Contoocook Valley, from Contoocook- 
ville to Hillsboro', 14i miles. Of these roads only the Boston, Concord and 
INIontreal, and the Cochecho, (and this not uniformly,) have been able to pay 
the interest on their funded debts. The Concord and Claremont, (subse- 
quently merged in the Merrimac and Connecticut Rivers); the Contoocook 
Valley and the Portsmouth and Concord have all passed out of the control 
of their original stockholders, and now belong to new companies. 

In 1850 the progi-ess of railroads in the State was as follows: the Ports- 
mouth and Concord was extended to Rivymond, 6 miles ; the Concord and 
Claremont to Bradford, 17 miles; the New Hampshire Central was con- 
structed from Manchester to Henniker, 26 miles; the Great Falls, from 
Great Falls to Milton, 12 miles; the Peterboro' and Shirley, from the 
State line to Mason, 9 miles; the Wilton, from Nashua to Milford, Hi miles. 
Of these roads the New Hampshire Central, and the Peterboro' have passed 
out of the hands of their stockholders. The latter has proved entirely 
unproductive. The New Hampshire Central has been merged in the 
Merrimac and Connecticut Rivers Railroad. The Great Falls and Conway 
has paid the interest on its debts, but nothing to its stockholders. 

In 1851 the Boston, Concord and Montreal Railroad was extended from 
Plymouth to Warren, 20 miles ; the Cochecho, from Farmington to Alton 
Bay, 10 miles, and the Atlantic and St. Lawrence, from the boundary line 
to Gorham, a distance of 10 miles. The Ashuelot was opened 1st Jan., 1851. 

In 1852, the Concord and Portsmouth Railroad was extended to Concord, 
a distance of 23 miles, and the Atlantic and St. Lawrence to the Vermont 
State line, a distance of 33 miles. 

In 1853, the White Mountains Railroad, 21 miles long, w^as opened, and 
the Boston, Concord and Montreal Railroad extended to Wells River, 
its present terminus, 22i miles. 

In 1854, the Great Falls and Conway Railroad was extended to Milton 
Village, a distance of 7i miles. 



STATE OF NEW IIAMPSIUIIE. 39 

The total amount of share capitjil and debU of all the raiirnad companies^, 
the roads of which are entirely witliia the StatCj is S17^:i02,650, viz. : Share 
cfl^>ital, $1L'/211,480: funded debts, 84,108,380; flouting d^hts, $982,790- 
Of the share capital $8,406,543 la more or lesa productive. In this sum U 
cmhraced the share capitiil of the Ashiieint Cuiapany, on which G per cent, 
has been paid under the leaj^e, although nothing hn8 been divided; also the 
shur^ capital of the Concord and Portsmouth Railroad and White Mountains 
liuilroad. The capital of both of tliese were greatly reduced under tlie 
re-organizatiouH. On the funded and firmtiag debta interest ut the rnte of 
sir per cent, m paid on S3,446J72, embracing the debts of the Cochecho 
road» the interest on wliich has not ahvayi? been regularly paid, and upoa 
$1,644,898 interest i.i nut paid. 

Statement, shoieing tlit ahfu't CnpUiU nnd Debt of the set^tral Railroads of (ht State of 
Nft» tfimj^shirt^ with ike amount of prodiictice^ and nnpivdncflce vapHol in each: 

Corpf>fiito TiClos / Share Cuplt!*! ^ FuufJeil Flonlbg -^FtiuJc'iJ and Fl. Debt— » 

of CkrmpiiiiieA. Tottil. rrt>fjuct'e. l'ii|>ix)d. Debt iJebt Total. ProduuV, Unpmd 

AtViMlot r24(),018 «246,018 9 - Slf)U,000 8- • - « 150,000 $l&0.(M t^ - 

Jkvlon, Coo, & Montr'! l,eOO,OW - * • 1,800,000 1,050,000 47,100 1,097,100 1,097,100 

Chwhire :i,oaS, 93 2,035,925 .-- 7^8,200 84,327 822,527 822.527 

Coch«chQ 399,1411 -• 399,146 420,653 .... 420,953 420,853 

Cooeord 1,500,000 1,500,000 

Concord * Portsmouth 230,000 230,000 

fooUXHSQok River-.- 200,000 -". 200,000 *-% ^.- 

Orc*t Fall* A Conwny 166,748 ..- 166,748 209,927 42,019 2,il,94fj 251,946 

M-ucbost«rALtt«rr'oo 865,200 865/200 ..♦. 33,800 106,^47 110,647 140,647 
4!erfim.t<sACono-R.. 595,537 ^ -. 595,587 383,400 303,517 GS6,917 23.1400 453,517 

Kurlhom • 3,069,400 3,068,400 •••• 2^^,500 25,799 325,299 325,299 

PetcrUiru' A Shirlej* 143,456 ..- 143,456 67,700 110,665 178,365 .... 173,365 

SuUiran .'.. 500,000 .... 500,000 750,000 262,516 1,012,616 ..-1,012,516 

WhaeMouQUioi.-.. 200,000 200.000 •- 

WtHaO""-". 211,000 211,000 •■". 6,000 --« 5,000 6,000 

Tolal^ 12,211,4806,406,543 3,804,937 4,108,380 962,790 5,091,170 3,446,772 1,644,398 

The total earnings of all the railroads of the State, from the date of the 
oj>ening of the first road have been $18,474,435. Of this eum, 87,120,005 
have been received from pasdCBgers; $10,550,334 for transportion of freight. 
and $803,496 for the transportation of mails and from miscellaneous sources 
The current expenses in the meantime have been $10,450,549; net earning?*, 
$^,017,880. The amount paid in dividends has been $3,023,989. 

The rale of gross earnings upon the total investment has been a very little 
over 10 per cent, ; the net earnings have been 4.74 per cent. The dividends 
have been e»pid to very nearly 2.8 per cent, on the share capital of all the 
roads. The result would have been a little less favorable had not the liabilitiee? 
of several c^jnipanies been hirgcly reduced in their re-m'ganizations* 

With exception of the Wilton, the only roads that have proved in any 
degree remunerative to their stockholders, are those forming parts of leading, 
or trunk Vmes. The only profitable roads are those following up the valley 
of the Merrimac as far as Concord. The local roads, penetrating ngricul- 
tural districts, have, without exception, proved unrcmnnerative, as have 
nearly :i11 tht^ roads in other portions of New England, similarly situated. 



40 



STATE OF NEW HAMPSHIRE. 






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00 ^ 






RAILROADS OF THE STATE IN DETAIL. 



ASHUELOT EAILROAD. 
(Financial i/ear closing lltk May^ 1869.) 



• Officers, 1859-60. 

John H. Fuller, President Keene, N.II. 

J. Henry Elliott, 7Vca*ttrcr " « 

W. B. Brinsmade, Superintendent Spriiigjfield, Mass. 

Principal Office Keene, Cheshire Co., N. II. 

Length of Road — ^Keene, N.II., to South Vernon, Vt 23.76 miles. 

Length of sidings and other track 1.57 " 



The Ashmht Railroad Compantf Wixs chartered under several acts of the 
Legislature of New Hampshire, approved, respectively, on the 27th Dec, 
1844; the 10th July, 1846, and the 21st and 23d June, 1848. In the latter 
part of 1849 the construction of the road was commenced, and on the 1st 
Jan., 1851, it was opened for public use. On the 7th Dec, 1849, the Com- 
pany leased the road to the Connecticut River Railroad Company for a term 
of 10 years, from the date of its completion, at 7 per cent, on its cost, with 
privilege in favor of lessees of renewal for a second term, at 8 per cent. ; the 
Connecticut River Company to keep the road in good repair. The amount 
of the annual rent was subsequently fixed at $30,000, which has been regu- 
larly paid by the lessees. The rent has been used solely for the pajTnent of 
bonds and floating debt, and interest. Up to the 11th May, 1859, the 
Company had redeemed $109,982 of its debentures, and had on hand $33,000 
surplus income. This amount and such other sums as may accrue to the 
Company under the lease have been appropriated to the final payment of ita 
funded debt, now amounting to $150,000, and ^hich, it is assumed, may be 
purchased at one half of its nominal value. It is not supposed that the lease 
will be renewed, as the earnings have not probably much exceeded the ope- 
rating expenses. 

Shark Capital— Authorized, $500,000, in 5,000 $100 shares. 
Paid in, $246,018 

Funded Debt — $150,000 : Ist mortgage^ 6 per cent, honds^ dated 1st Jan., 1851, 
and payable, principal in 10 years, and coupons semi-annually, Ist Jan. 
and 1st June. The Company has no floating debt. 



Cost op Construction, etc. — $506,000: in detail as follows : 

Land, land-damages and fences. 940,584 i Superetructuro, including iron. 176,805 

Graduation. 161,530 Stations, buildings and fixtures*. 14,404 

Masonrj and bridges 93,224 1 Engineering and other expenses • • • • . • • 17,454 



General Ledger Balance Sheet, IItii May, 1859 

Dr. 

ConitmctioD Acoonnt 9506,000 

Profit and lo« 33,000 



Total $539,000 



Cr. 

2,451 full paid Shares-. 9245,100 

Part paid shares. 918 

Ist Mortgage Bonds 150,000 

Indebtedness paid from income 109,982 

Surplus income. ^3,000 

Total 9539,000 

6 41 



42 



NEW HAMPSHIRE— ATLANTIC AND ST LAWRENCE. 



ATLANTIC AND ST. LAWEENCE RAILROAD. 
The Athniic and Si. Lawrmce RaHroad Compftntf witUiu Ntnv Hampshire 
was clinrtered by the Legislature of the State hy an act passed on the 30th 
June, 1847^ and was authnrized to construct an extension of it^ road from 
the west boundary of Maine to the east boundary of Vermont; and was de- 
clared to possess all the i^iowers delegated to it under the act of the Mnine 
Jjegislature, passed oa the 10th Feb*, 1815, subject, however, to all the liabil- 
itieSj obligiitioDs and duties which are or mtiy be iitiposed on other railroad 
corporations in New llarapshire. The length i"f the road within this State 
is about 52 miles, and was wholly built by the Maine Company, No sepa- 
rate accounts are kept. — S^e Atlantk and St. Latvrem*^ liniiromf^ Matfie, 



BOSTON AND MAINE RAILROAD. 
The Boston and Jfaing Railroad Compani/ within New llampahlre was char- 
tered by several acts of the Legislature of this State, dated, respectivel\% 27th 
Juno, 1885; 28th June, 1838; 2d July, 1841, and 2d July, 1845. By the 
act of 1841 , the Company was authorized to consolidate with the Boston and 
Portland Company of Massachusetts^, and tlie Maine, Nev^^ llani|»'^hire and 
Massachusetts Company of Maine, The act of 1845 authorized the Consob 
idated Company to unite with the Boston and Maine Extension Com^^any of 
Maj^sachusctts. Under these acts, and similar ai^ts by the Legislatures of 
Maine and Massuclmsettis, the whole line from Boston to South Berwick 
became tlie property f*f a single company under the present title. — See BoiUm 
and Maine llaiiroad^ MasmchmetU. 



I 



BOSTON, CONCORD AND MONTREAL RAILROAD. 
[Finmicial ye4tr ending 31sf March ^ 1859,} 



Board of Dihectors and Officers, 1859-60, 

John T. Coffin * Ftpnou/h, N. II. Jorni'jjh P. Pitman ........ Ldconin, N. H. 

John E. Lyon Bo^tony Mass. Alexander IL Til ton.. . . .Sftuhomtmy " 

Holmes llinckly *' »^ John L, Kix Haverhill, <» 

Josun Qi^iNCY, PrtsiiieiU • , - , , , .Ramney, N. H. 

George M inot, Treasurer * • Concord, ** 

John T* CoFFrN, Snperiniemlent ..,,,..*,,•..... .Plymouth, " 

PRINCIPAL Offic£ . • - Concord, Mernmac Co., N. H. 



LiTNGTH or RoAi* — CoDCord to Welb River. 93.54 miles. 

Length of stdiaicj'^, etc.^ 6»50 milei. 
Road under Uase — White Moualains Railroad • . - .20.85 " 



Total length of road opernted. . , 1 14,39 miles. 

Rolling Stock— ^Locomotive Engines, .. ,» * , 14 

Cars : — Passenger, 10 ; morchandise, etc,, 232 242 



The Boston J Com^ttrd and Montrml R/uIroad Compamf was chartered on the 
27th of Dec, 1844, It^ cnristriK'tton was eommeiieed in 1846. Tlie different 
portions of it %vere opened as fulkiwa : — Fiviin Cniic<»ri.i to Said lorii ton, 18 
riiiles, in May, 1848; to Lalco Village, II miles, in Ort. (if the t^aTne year; to 
Meredith Bridge, 8 milei?, in March, 1849; to Plymouth, 14 lalleis, at the close 



I 




NEW HAMPSHIRE-BOSTON CONCORD AND MONTREAL. 43 

of 1849; to Warren, 20 miles, in Feb., 1851, and to Wells River, Vennont, 
221 miles, in May, 1853. 

On the 1st day of Feb., 1859, this Company took a lease of the White 
Mountains Railroad for a period of &ve years, at an annual rental of $10,000, 
payable monthly, undertaking to maintain and operate the road for the period 
named. 

The Company havmg a floating debt exceeding $200,000, for which sev- 
eral of the airectors had rendered themselves liable by reason of endorse- 
ments and advances, the Company on the 9th of Jan., 1857, made an assign- 
ment, for their benefit, of the road and its appurtenances to trustees. These 
liabilities have since in a great measure been discharged, (by the Sinking 
Fund Bonds,) and the road has again vested in stockholders. 

Share Capital — Authorized and paid, $1,800,000 : classified as follows — 

Preferred Stock, 6 per cent, in $100 shares $800,000 

— authorized by a vote of the stockholdei-s at their annual meeting in 1851, 
to the amount of $600,000 ; and to the amount of $200,000, at a meeting 
held 10th of Aug., 1854. The subscriptions to the $600,000, first authorized, 
was payable, one-half in common stock, and one-half in cash. The sub- 
scribers to the $200,000 were entitled to convert, for every share subscribed 
and paid, four shares of New Stock, (which see.) Dividends on the Preferred 
were paid up to March 31, 1855. It has precedence in dividends of the 
New Stock. 

New {Preferred) 6 per cent., in $100 shares $540,400 

— authorized by a vote of the stockholders on the 10th Aug., 1854, w^hereby 
each person subscribing and paving for one share of New Preferred Stock, 
was authorized to convert six shares of old into New Stock, and to have a 
preference in dividends over the old. No dividends have been paid on the 
kew Preferred. 

Old or Compnon Stock, in $100 shares .$416,600 

— Previous to 1853 interest was allowed on the stock assessments, and paid 
in scrip or stock. 

Other classes of stock $43,000 

— viz.: interest dividends, $25,816 ; scrip, $15,222 ; stock assessments, $1,962 

Funded Debt — $1,050,000, classified as follows — 

1st Mortgage, 6 per cent bonds _ $200,000 

1st Mortgage, 7 per cent, bonds $300,000 

—dated 15th August, 1850, and payable, principal in 10 years, and coupons 
semi-annually, 15th Feb. and 15th Aug.; the 6 per cents, at Boston, ana the 
7 per cents, at New York. Secured bv mortgage on 71 miles of the road, 
bemg the portion between Concord and Warren. 

2d Mortgage, ^ per cent, coupon bonds . $100,000 

2d Mortgage, 7 per cent, coupon bonds $250,000 

— dated 16th August, 1852, and payable, Ist Jan., 1870, and interest semi- 
annually, Ist Jan. and 1st July; the 6 per cents, at Boston, and the 7 per 
cente. at New York. Convertible into stock at any time previous to 1869. 
These bonds, as a second mortgage, cover the whole road, and are a first 
mortgage on that portion between Warren and Wells River, 22i miles. 
The whole amount provided for was $850,000, of which $350,000, as above, 
have been sold, and $500,000 are reserved to retire the 1st mortgage bonds 
maturing in August, 1860. 



44 



NEW HAMPSHIRE-BOSTON. CONCORD AND MONTREAL. 



Sinking Fund, 6 per cent, mortgage coupon hands $200,000 

—dated Ist Jan., 1867, and payable Ist Jan., 1889 ; coupons semi-annually, 
Ist Jan. and July, at Boston. The mortgage in this case provided for an 
issue of bonds to the amount of $1,050,000, but no further issues can, by 
law, be made, except upon the cancellation of an equal amount of 1st or 2d 
Mortgage Bonds. The Sinking Fund for the redemption of these bonds 
was created by the payment thereto of $12,500 on the issue of the $200,000, 
and by future payments to an amount not exceeding $12,500 annually; 
the same to be invested in the bonds so lonff as the same can be done at G 
per cent The amount of the Sinking Fund on the 31st of March, 1859, 
was $26,500. Interest on all bonds has been regularly paid. 

Floating I)«bt — $47,100, bills payable. 



Cost of Road and Equipment — $2,863,584 : in detail as follows — 



Gradaation 9933,233 



Engineering- 

Masonry 

Bridging 

Land and land-damages, etc* 

Fencing 

Superstructure 

Depots and buildings ' 



46,122 
212,446 
75,420 
87,175 
36,150 
542,175 
70,151 



Depot furniture 

Interest and discounts. 

General expenses of construction* 

Water works. 

Locomotive engines 

Freight cars 

Passenger cars 

Shop and road tools. 



•3,587 
396,745 
165,811 

14,118 
113,800 
125,000 

25,000 

19,650 



Income Account for tub Year Ending 31st March, 1859. 



Receipts — 
Gross passenger ••.••• 
Less paid other roads.* 

Gross fh)ight 

Less paid other roads.* 
Inoome fVom mails* •• 
Income from express. •• 
Hiscellaneous. • 



#86,116 

21,878— $64,237 

190,512 

39,197—151,314 

9,240 

2,083 

846 



ToUl. 



. $227,720 



DisburaenurUs — 

Maintenance of road 

Maintenance of motive power. • 

Cost of working road 

Cost of management. 

Miscellaneous expenses. 

Construction, oars, etc. 

Surplus inoome 



ToUl* 



. $44,577 

* 25,522 

* 54,042 

9,bl8 

. 7,622 

* 9,421 
. 76,918 

$227,720 



General Ledger Balance Sheet, 1st April, 1859, 

Cr. 

Share capital $1,800,000 

Funded debt. 1,050,000 



Bills payable < 

Coupons due 

Div. Interest and stock unclaimed..* 

Div. Stock, not yet payable 

Construction fund. 

Profit and loss 



47,100 
1,473 
1,489 
28,135 
36,919 
48,065 



Total* 



$3,015,681 



Roadway, etc. 

Equipment. 

Wood land, fuel and material 

Trustees of Sinking Fund 

Trustees of B. C. A M. RR. and > 

others holding funds. ) 

Notes receivable and delinauent ac'ts 
Stocks and bonds (B. C.A M.)on hand 
Stock and bonds of other companies* 

Total 



Dr, 

$2,580,136 

283,450 

48,240 

26,500 

20,911 

13,995 
25,484 
17,167 

$3,015,881 



Year. 
1830*. 
1331*. 
1652*. 
1353*. 
1854*. 
1855*. 
1856*. 
1837.. 
1838.. 
1839.. 



Cost of 
Road, Ac. 
$1,282,945 
1,347,445 
1,930,533 
2.540,217 
2,672,438 
2,771,310 
2,863,584 
2,863,584 
2,683,584 
2,863,584 



Cost, 

Miles ^ 
of road. 
51 
51 
70 
70 
93} 
92k 
93i 
934 
934 
934 



Earnings, Expenses, etc., Yearly. 

Gross Earnings » Operating 

Freight. Mails, Ac. Total. 



Pnss'r. 
$60,000 
52,136 
60.000 
60.538 
93,234 

100,496 
94.094 
89,446 
74,219 
64,238 



$58,805 
44,191 
81,204 
90,0CH) 
140,000 
178,548 
183,629 
167,344 
150,385 
151,314 



3,676 



16,239 

9,2'>6 

6,321 

11,197 

12,263 



$118,805 
100,003 
141,204 
150,538 
233,234 
295,233 
286,949 
263,111 
235,801 
227,720 



expenses. 

$62,159 

54,719 

68,880 

70,879 

112,400 

154,331 

163,377 

155,740 

134,733 

150,803 



Net 

earnings. Div. 

$56,646 nU. 

45,-254 »' 

72,324 " 

79,659 " 

120,834 *» 

140,952 " 

123,572 " 

107,371 " 

101,068 «» 

76.917 " 



$23,999,214 
Avor'e, 2,399,921 



803 
803 



$748,401 $1,245,420 $58,927 $2,052,648 $1,128,051 $924,597 
74,840 124,542 6,892 205,264 112,805 92,459 



NEW HAMPSniRE-CONCORD. 45 

CONCORD RAILEOAD. 
{Financial year ending 'dlst March^ 1869.) 

Board or Directors and Officers, 1859-60. 



Isaac Spaulding Nashua^ N. H, 

Josiah Stickney Boston, Mass. 

Francis C. Manning. 



Uriel Crocker Boston, Mass. 

Charles H. Peaslee Conco^d^ N. 11. 

John S. Kidder Manchester , 



N. G. Upham, President Concord, N. H. 

N. P. LovERiNO, Treasurer '. Boston, Mass. 

J. A. QiLMORE, Superintendent Concord, N. H. 

Principal Office Concord, Merrimac Co,, N.H. 

Length of Road — Concord to Nashua 34.53 miles. 

Second track, 34.53 miles ; sidings, etc., 9.50 miles. . .44.03 " 



Total equivalent single track 78.56 " 

Rolling Stock — Locomotive engines 21 

Cars :— Passenger, 22 ; freight, etc., 494 516 

The Concord RaUroad Company was chartered on the 27th June, 1835. The 
constniction of the road was commenced in 1841. It was opened for pub- 
lic use from Nashua to Manchester on the the Ist July, 1842; to Hooksett 
on the 26th of the same month, and to Concord on the 7th September fol- 
lowing. The laying of a second track was commenced in 1846, and com- 
pleted in 1848. 

On the 24th of November, 1856, the Concord, and Manchester and 
Lawrence Railroad Companies entered into a contract, to continue for 
five years from 1st Dec., 1856, whereby the former undertook to operate and 
maintain the road of the latter, and also the Methuen Branch, (extending 
from the city of Lawrence to the boundary line of New Hampshire, leased to, 
and forming a portion of the lino of the Manchester and Lawrence, and 
which lease was transferred to the Concord Company,) and to divide the net 
profits of the entire business in proportion to their respective capitals, viz. : 
that of the Concord Railroad Company being established at $1,500,000; the 
Manchester and Lawrence, $1,000,000, and Methuen Branch, $110,000 — in 
all, $2,610,000. The length of the united line is 61 miles. 

The Income Account of the joint line for the past year was as follows : 

Disbursements — 



Receipts — 

Panengen $151,083 

Freight 279,262 

Mails, rents 

Exprow, etc 29,314 



Tot*l #459,659 



Repnira of engines and cars 933,299 

" of road 61,211 

" of building, etc. 14,616 

Wood, oil and waste 60,603 

General expenses •• •• 78,187 

New engine •• 9,000 

Rent of Methuen Branch 8,800 

Proportion paid Concord Railroad 128,366 

Proportion paid Man. A Law. Railroad. 85,577 

Total $469,659 



The joint contingent fund amounts to $11,547, and the joint property on 
hand to $69,115, viz.: wood, $21,316; oil and waste, $488; material for 
road repairs, $19,329, and stock in repair shops, $2|[,982. 

The net profits divided between the two companies for the two past years 
have been as follows : 

Net profits of the Proportion to Proportion to 

TeaiB. joint line. Concord RR. Man. A Law. 

1868 $160,112 $96,067 $64,045 

1859 213,943 1*28,366 84,5n 



4(^ 



NEW UAMPSniRE^CONCORD 



Tho proportion due Methiieii Branch is includod in current expenses. 

Uu the lltli of Sept., 185B, the Ci>ncord Rjiilroad Company, with the con- 
currence of tliL* Mrmeliester and Liuvreiiee Kiuh*oad Cotnpiiny, took a lease 
of tl»e Conedrd and Portsmouth Ruih'oud for a pcniod of live years, agree- 
ing to maintain and o[K^rate tite i^an^ie, and to pay an annnal rental of $15,500; 
also Hgn'cinjjf to expend the farther snm of $2,500 annually in permunent re- 
pair-^, Tlie receipt.-* and cxpenrlitures under this lease, from ita date to Slst j 
of March^ 1859, have been as ft>llo\vs: 



RcctipU — 
Fruiii |«Afi4on£^rs * 
Freight * •• • 



13,42R 
1,355 



Tutul - * %'n,iM 



For roAdway. •• • 

EngiDC and cars «• ** * 
(Iflneral manng'emenC' 
PermnDODt rtspiirs *•» * 
Rent, G wuMlu ..«•*. 



Total* 



. W.88S' 
223 

* 6,S79 

. B,crii 

. 7,760 
r §23.464 



Share Capital— Authorised {aJl paid in), 81,500,000, in 30,000 $50 shares. 



Fosi>KD OR FiOATiXG Debt— None. 



General Ledger Balance Sheet, 1st April, 1859. 

Sh»™o»pie»t - ♦ ai.SWWW I Cf>ivtruclion,e(^. ■.-."-.» $1,500,000, 

Sarplufl incuiTio ♦..*.., .* .. C3.984 ' Vt, niiii U(:wum tck^mph ftyok*- •• 2,350 



Utipiiid diiHdcnti* 



522 



Nutes ruetd vftble. * • • • * • • ♦♦*..*.* . . 21S 

CiM*b '^' 6,779 

l'rti{x:iriiun of Btoek an hiiud da^ 

frum jij^iot cotupaDies 55,163 



TotHl fl,Bfi4,506 1 Total. 



.«l,564,5€« 



Ye*r 
1943. > 
1844 . 

1H45-^ 

1846.. 

1947.. 

1849.. 

1849 

18^.. 

1B51.. 

1952.. 

1SS3 . 

ISM.. 

1855.. 

IR56.. 

135^.. 
1859.* 



Co«tof 
Rood. tc. 
t7 25,050 
742,223 
756,444 
779,5^1 
1,042,113 
1,350,000 
1,350,000 
1,396,738 
1,390,503 
1,399,347 
1,409.007 
1,433 509 
1,477,776 
1,477,733 
1.500,000 
1,6(»0,000 
1,5{IO,000 



Cost, Earnikos, Expensed, etc., Ykarly, 



of Roa*i Passen'r 
34 63* $48,036 

34 53 n,im 



Frtight Miiil!*,ett' 
•21,803 tl,06il 



34 53 
34 53 
34.53 
34 J>3 
3453 
3453 
34 53 



90.545 
100,971 
133,545 
138,907 
135,3J7 
127,892 
139,556 



34 53t 152,539 
34 53 113,336 
123,323 



34 53 
34 53 
34,53 
34.33 
34 .53 J 
34 53 



126,971 
120JS7 
1 14,99 » 
95,494 
90.650 



65.421 
90,099 
115.469 
14 1. J 17 
159.t>03 
172,950 
159,642 
157,277 
174,665 
191.107 
197,207 
217.512 
207,401 
191,650 
151,795 
167,557 



mo 

1,199 

3,039 

15,566 

12J26 

9,970 

10.374 

12,029 

10.690 

i>,993 

9,214 

7,650 

7,759 

7.419 

10.692 

17.539 



. ThIiiL 
$70,912 
139,0>t0 
191,942 
229,479 
290,229 
311,236 
319.257 
296,909 
307,862 
337.994 
304,426 
329,741 
352,033 
335.919 
317.050 
260,961 
275,795 



(perjiting 

$27,IB4 
65,167 
82.929 
135,055 
176,453 
180,699 
179,872 
149,934 
170,996 
170,062 
177,472 
199,007 
215,699 
224.50> 
201,299 
157,9<>G 
147.429 



Eiirng'st 
Il'ii^ ox p. 
$43,7-28 
73,913 
98,913 
93,4i4 
113,775 
130.538 
138.395 
147,974 
136,966 
167322 
126,954 
130,737 
106,314 
111,447 
115,751 
102,995 
129.366 



^Dividend— 
p.c. 

$36,252 5 
66,315 9 
97;>no 13 

SIP,III»N 10 

10U,00U 10 
120.000 10 
135,000 10 
133,650 9 
103,950 
133,650 
118,900 
113,800 
105,000 

90,000 

90,000 

90 0110 
120,000 



$21,219,963 687 1,933^559 2.577;2?3 147,814 4, 659>16 2,690,614 1,968,032 1,739,917 
Averse* 1,218,227 31.53 113,939 151,600 B.695 274.035 159,271 118 764 102,289 8^ 
The joint operations of the two companies have heea as follo%Fs: 

1859*. 2,610,000 6103 159,111 257.973 17,821 434,935 263,276 171,659 '♦ " 
1659*. 2,610,000 6L03 151.093 279,262 29,314 459,659 245,716 213,943 " ** 

* OfH^mtion* from 7th S«pt , 1342, to 30th April, 1943 f Eleven mr>nth!t oporatJnns from Ist 
Miy, 1851, ^A^ 3iat Mjiroli, 1652 \ In 1959 and 1859, tho Concord, and Mimche.-ter and Lairronco 
roodfl were operaiUiJ conjointly^ Ihe first sharing three-flflhs und the Intter two-flftha of thu oarnin^ 



NEW HAMPSHIRE-CONCORD AND CLAREMONT. ^7 

CONCORD AND CLAREMONT RAILROAD. 
{Now a part of the Merrimac and ConwctictU Rivers.) 



Lbsoth op Road — Concord to Bradford _ 27. IC miles. 



The Concord and Claremont Railroad Company was chartered on the 24th 
June, 1848. The construction of the road was commenced on the 19th Nov. 
of the same year. On the 27th August, 1849, it was opened for public use 
to Contoocookville, 10 miles ; on the 25th Sept. to Warner, 18 miles, and 
from Warner to Bradford July 10th, 1850. On the 8th Jan., 1853, an act 
was passed authorizing this Company and the New Hampshire Central Com- 
pany to consolidate their interests, and form a new corporation, under the 
title of " Merrimac and Connecticut Rivers Railroad Company," which act 
was accepted by the stockholders of the Concord and Claremont Company 
on the 12th April, 1853. The consolidation was formally consummated on 
the 1st May of the same year. 

The financial condition of the Concord and Claremont Company on the 
30th April, 1853, was as follows : 

General Statement. 

Cr. 
Cost of road $496,737 



Dr. 

Share capiUl $341,282 

Funded Debt 265,400 

Floating Debt 91,894 

Total 1698,576 



Cost of equipment. 97,880 

Interest and discount 103,959 

Total $698,576 



Cost of 


BoAD, Earnings, 


EXPENBES, ETC., 


Yearly 






Mile- 
Tear. Cost age. 




_ rirrkaa V 


...:~_. 




Ex- 
penses. 


Net f 
earnings. 


-DiT- 


Pass'ger. 


Freight Mails. 


Total. 


1850.... $335,674 18.14 
1351.... 649,404 27.16 
1852.... 641,406 27.16 
1853... 698,258 27.16 


$10,119 
28,114 
16,929 
22,706 


$5,972 
28,504 
22,461 
36,268 


$522 
1,156 
6,968 
6,206 


$16,613 
57,774 
40,358 
65,180 


$5,576 
21,036 
22,083 
33,439 


$11,137 
36,738 
24,174 
31,742 


nU. 

ti 

II 


$2,224,742 99.6 


77,868 


$93,205 


$14,852 


$185,925 


$82,134 


$103,791 


II 


Arerage. 656,185 24 


19,467 


23,301 


3,713 


46,491 


20,533 


25,948 


II 



CONCORD AND PORTSMOUTH RAILROAD. 
(Financial year ending 30M September, 1859.) 



Board of Directors and Officrrs, 1859-60. 

Charles Thompson Boston, Mass. I S. Plumer Dow New Market, N. II, 

JoMiah Stevens Concord, " | Aaron H. HI 1 1 PortsmotUh, " 

Charles L. Frost, President New York City, N.Y. 

Thomas D. Bailey, Treasurer Portsmouth, N.H. 

Joseph A. Gilmore, Saperintendent Concord, " 

Principal Office Portsmouth, Rockingham Co., N.H. 

Length of Road — Concord to Portsmouth 47 miles. 



Rolling Stock — Locomotive Engines 4 

Cars : — Passenger, 4 ; merchandise, etc., 82 86 



The PorUnundk and Concord Railroad Company was chartered on the 1st July, 



48 



NEW HAMPSHIRE— CONCORD AND PORTSMOUTH . 



1845, and by additional acta of the 10th July, 1846, and 23d June, 1848, 
was authorized to construct branches to Hooksett and Manchester. Its con- 
struction was commenced in the summer of 1847, and the road was opened 
for public use from Portsmouth to Epping in December, 1849; to Raymond, 
in September, 1850, and to Concord m August, 1852. On the Ist day of 
June, 1855, the road was taken possession of by the trustees under the first 
mortgage; and on the Ist of Sept., 1857, the road was sold on account of 
the bondholders, who were authorized by law to become parties to the sale, 
and to form a new company under the title of the Concord and Portsmouth 
Railroad Company, with a capital stock of $250,000. 



The financial condition of the Company previous to the sale of the prop- 
erty in 1857 was as follows : 

Balance Sheet, 1st May, 1857. 



Cr. 

Common Stock $174,680 

Preferred Stock 211,700 

Old Stock (surrendered) 134,191 

Bonds due let July, 1861. 347,600 

Bills payable, eto 110,534 

Due Concord Railroad. 50,000 

Amount from income 37,057 

Miscellaneous 43,098 



Total- 



$1,108,859 



Dr. 
Construction $1,023,488 



Station buildings, etc, • 

Locomotives 

Freight and gravel cars. 

Passenger and baggage oars* 



15,635 

20,977 

39,159 

9,600 



Total $1,108,859 



The capital of the new company is limited to $250,000. Of this sum only 
$230,000 has been issued, which amount will not probably be increased, the 
company having sufficient means to discharge its liabilities. 



Income Account for the Year Ending Sept. 30, 1859. 



Rtctipia— 

Cash on bond. $8,102 

Rent of road 15,500 

Assessment on stock 45 

Materials sold. 2,358 

Totol $26,005 



DiabursemeTiU — 

Paid iron debt 

Paid other debts 

Dividend 2^ percent.* 
Cash balance. 



$13,262 

7,171 

6,150 

422 



Total* 



. $26,005 



Cost, Earnings, Expenses, etc. Yearly. 

Cost of Road Miles Gross Operating 

Years. and Equipment of Road. Earnings. Expenses. 

1850 $473,464 18 $3,132 $3,290 

1851 743,494 23 12,373 12,705 

1852 997,409 23 16,950 14,685 

1853 1,054,646 47 44,744 28,650 

1864 1,075,575 47 71,922 36,513 

1855 1,099,490 47 86,447 60,422 

In the hands qf Trustees. 

1856 1,108,859 17 80,651 62,320 

1857 1 108,859 47 82,339 62,098 

JJndtr the New Corporation. 

1858 228,900 47 58,488 39,126 

Under lease to Concord Company. 
1859 228,900 47 



Earnings, 
less Exp's. 

$ (lOflS.) 

17;094 
35,409 
26,025 



18,331 
20,241 

19,362 

15,500 



NEW HAMPSniRB-CONTOOCOOK RIVER. 



49 



CONTOOCOOK EIVEE KAILROAD. 
(Financial year ending 3l8< March, 1859.) 

Board of Directors and Officers, 1859-60. 

James Boyd Antrim^ N.H. I Thomas French Concord, N.H. 

John Aiken Boston, Mass. | Robert N. Corning *< << 

Mat. Harvey, President Concord, N.H. 

Stephen Kendrick, Treasurer Franklin, " 

Onslow Stearns, Agent Concord, " 

Principal Office Concord, Merrimae Co., N. H 

Length of Road — Contoocookville to Ilillriboro' 14.64 miles. 

No second track. Sidings, etc., 0.82 mile. 

The Contoocook Valley Railroad Company was chartered on the 24th June, 
1848; and the road was opened in December, 1849. It has been operated 
by other companies under various leases and contracts. The Company fail- 
ing to pay the interest on its bonds, the Legislature of the State passed an 
act autnorizing a sale of the road and franchises, which was made 1st Oct., 
1857, for $30,000, and a new company formed under the title of Contoocook 
River Railroad Company, with a nominal capital of $200,000. The new 
company commenced operations on the 1st Nov., 1857. 

The financial condition of the Company at the date of the sale was as 
follows : 

General Statement, Ist Oct, 1857. 

Cr, 



Share capita] 

Bonda, 1st Emiasion . 
" 1st Mortgage.- 
" 2a Mortgage*. 

Inoome 

Sundries < 



•88,200 

7,200 

75,000 

60,000 

25,298 

1.371 



Total- 



8257,009 



Land, land-damages, etc.- 
Gradaation and masonry* 

Bridges 

Fences 

Superstracture « 

Interest 

General expenses. 



Total. 



Dr. 

• $10,648 
. 61,317 
. 5,126 
. 2,669 
. 83,369 

• 66,100 
. 37,840 
jk 

•$257,069 



Income Account for the Year Ending 31st March, 1859. 

Expenditures — 
Receipts of road, etc* 



Receipts — 

Paasenger traffic $4,801 

Freight traffio 10,440 

Mail senrioe 627 

MiaeellaiMoiu. 735 



Total- 



.$16,603 



Repairs of rolling stock* * 
Transportation expenses * 
Surplus income. 



Total. 



* $3,624 

* 1,621 

* 9,829 

* 1,529 

* $16,603 



Cost of 

Taar. Boad, Ac. 

1860 $147,416 

1861 209,063 

1862 222,452 

1853 248,114 

1854 268,863 

1865 257,069 

1866 257,069 

1867 257,069 

1866 257,069 

1869 257,069 

$2,371,263 

ATeiaga**' 237,126 



Cost, Earnings, Expenses, etc, Yearly. 

Operating 



Miles 
of road. 
14.64» 
1464 
14.64 
14.64 
14.64 
14.64 
14.64 
14.64 
14.64 
14.64 



Pass'r. 

$1,278 
5,959 
8,111 

14,784 
9,043 

10,000 
9,636 
8,826 
6,037 
4,801 



a TOSS Earnings- 
Freight. Mails, Ac. 
$1,205 



4,464 
7 986 
15 623 
10,777 
14,000 
21,925 
18,804 
12,248 
10,440 



1,061 
1,000 
1,325 
1,446 
854 
1,362 



Total, expenses. 

$2,483 $1,587 

10,423 8,536 

16,097 15,076 

30,407 13,516 

20,861 11,969 

25,000 20,000 

32,887 32,488 

29,066 28,130 

19,139 31,268 

16,603 15,074 



Earnings, 
over exp. Dir. 
$896 nU. 
1,887 " 
1,021 »' 
16,8P1 " 
8,892 " 
6,000 " 
399 " 
936 " 
(loss)t " 
1,529 »» 



146.3 $78,475 $117,472 
14.64 7,846 11,747 



$7,038 $202,986 $177,664 $25,322 
703 20,296 17,765 2,536 



* Fov mootha* oparaUons, Deo., 1849, to Ist April, 1850, 

7 



t Lobs, $12,129. 



50 NEW HAMPSHIRE— COCHECO. 

COCHECO RAILKOAD. 
{FManciai year ending ZOth November, 1859.) 

Board of Directors and Officers, 1859-60. 

William Hill, Jr Dover, N.H. Joseph H. Smith Dover, N.H. 

George Mathewson " '* John McDufiBe RocheeUr, '' 

C.W. Woodman « " Geo. M. Herring Farmington, « 

William Hill, President North Berwick, Me. 

George William Benn, Treasurer Dover, " 

Qeorqil C. Kimball, Superintendera. " « 

Principal Office Dover, Strafford Co,, N.H. 

Length of Road — Dover to Alton Bay 28.12 miles. 

No second track ; sidings, etc., about 2.50 miles. 

Rolling Stock — ^Locomotive engines 4 

Cars : — Passenger, 4 ; freight, etc., 26 30 



The Cocheco Railroad Company was chartered on the 2d July, 1847. The 
construction of the road was commenced in the summer of 1848, and the 
section between Dover and Farmington was opened for public use on the 
2l8t Sept, 1849, and between Farmington and Alton Bay, lOi miles, in 
Sept., 1861. 

Share Capital — Authorized by charter, $500,000, in 10,000 $50 shares. 
Paid in, $399,146, as follows— 

Preferred, 8 per cent., m $100 shares $177,750 

— ^The Preferred Stock was authorized on the 15th Oct., 1850, to the amount 
of $250,000, to bear 7 per cent, interest, until the earnings should be suffi- 
cient to pay 6 per cent, on the whole stock, when both classes were to be 
placed on an equality. On the 16th Oct, 1850, the stockholders voted that 
the Preferred Stock should bear 8 per cent, interest till the road should earn 
8 per cent, on the whole stock. No dividends have been paid on the Pre- 
ferred Stock. 
Common Stock $221,297, in $100 shares. 

Funded Dbbt — $420,853: classified as follows — 

Ist Mortgage, 6 per cent, coupon bonds -.$36,100 

— dated Ist Oct., 1851; payable, principal Ist Oct., 1861 ; coupons semi-an- 
nually, 1st April and 1st Oct., at the Company's office, Dover. 

2d Mortgage, 6 per cent, coupon bonds - $384,753 

— dated 1st July, 1853; payable, principal 1st July, 1867; coupons semi-an- 
nually, 1st Jan. and 1st J my, at the Company's office, Dover, N.H. Provi- 
sion was made under this mortgage for the issue of $450,000, of which 
$200,000 were reserved to retire the Ist Mortgage Bonds at maturity. Of 
these bonds, $163,900 have been retired by exchange for 2d Mort. Bonds. 

The interest on the bonds was not fully paid the past year. Amount paid 
iu 1859, $9,523; 1858, $22,899; 1857, $23,677. 

Cost op Egad and Equipment — $847,007 : in detail as follows — 



Grading, masonry, and bridging 9290,598 

Superstructure 194,762 

SUtions, buildings, etc 32,346 



Locomotives and cars 960,735 

Engineering 19,975 

Lands, laod-damages, etc 61,946 



NEW HAMPSHIRE— CHESHIRE. 



ra 



From pMsengera • 

Preigfat 

Cumae 

Mailfenrioe 

MiR«Ilaiieoiu.** •• 



Income Account por thb Year Ending Nov. 30, 1859. 

DiahuratnunU — 



•20.417 

. 27,794 

. 1,002 

. 1,692 

794 



Total $51,699 



Station ezpensos 

Repairs of can and enginea* 

Repairs of track 

Train expenses. 

Qeneral expenses 

Interest on bonds, etc 

Balance to profit and loss. • • • 



•4,792 
3,559 
8,905 
2,382 
9,743 
12,294 
10,024 



Total $51,699 



Cr. 

Capital Stock- * • 
Preferred Stock • 
Bonds 1851 .... 

Bonds 1863 

Bills PaTable*. * 
Profit and loflB ** 



General Ledger Balance Sheet, 1st Dec, 1859. 



•211,297 

177,750 

36,100 

384,753 

13,070 

35,294 



Total. 



•858,2641 Total 



Dr. 

Construction •825,200 

~ 13,bl0 

12,750 
1,535 
2,749 
2,220 

• •858,264 



Cash and bills receirable • 
Stock in steamer Dover - 
Land and land-damage* 
Shops at Alton Baj....* 
Shop Btock on hand, etc* 



Tear. 

I860... 

1851... 

1652.... 

1853.... 

1654... 

1856.... 

18S6.... 

1857.... 

1858.... 

1859...' 



-Gross Earnings — 



Cost, Earnings, Expenses, etc. 

Cost of Miles ^ 

Boad, Ac of road. 

•421,715 17.60* 

661,623 28.12t 

768,161 28.12 

767,360 28.12 

784,724 28.12 

800,000 28.12 

620,176 28.12 

826,922 28.12 

862,892 28.12 

864.767 28.12 



Pass'r. 


Freight 


Maila, Ac. 


•10,603 


•16,854 


•1,433 


16,600 


16,962 


1,726 


16,159 


16,312 


1,757 


18,370 


25,016 


3,240 


20,870 


28,106 


3,135 


21,284 


28,479 


3,428 


20,416 


28,023 


3,580 


13,964 


25,308 


3,503 


17,232 


23,199 


4,278 


20,417 


27,794 


3,487 



, Yearly, 

> Operating 
Total, expenses. 
•19,121 
19,019 



•28,890 
34,288 
34,228 
46,626 
62,111 
63,191 
62,019 
47,776 
44,709 
61,698 



21,349 
23,328 
25,6*28 
25,801 
24,476 
23,563 
27,646 
29,832 



Earnings, 
leas exp. 
•9,769 
15,269 
12,679 
23,298 
26,433 
27,390 
27,544 
24,212 
17,063 
21,866 



Dir. 



nil 



t7,648,339 270.68 •180,915 9236,063 929,667 •445,635 ^239,762 ^205,773 
Ayerag«, 764,833 27. 18,091 23,506 2,956 44,663 23,976 20,577 



CHEBHIRE RAILROAD. 
(FinanMyear ending 30^ Nwmher^ 1859.) 

Board of Directors and Officers, 1859-60. 



Thomas M. Edwards Keene^ N.H. 

SalmaHale << " 

Hiram Hosmer Bastouy Mass. 



George Huntington Boston, Mass. 

E. Murdock, Jr.. " « 

George D. Dutton. 



Thomas Thacher, President Boston, Mass. 

Charles J. Everett, TVeowrsr . .' " " 

£. A. Chapim, Superintendent Keene, N.H. 

Principal Office Boston, Suffolk Co., Mass. 

Lehoth of Road — South Asbburnham, Mass., to Bellows's Falls, Vt. . .53.64 miles. 
Second track, including sidings 8.00 ^ 

The trains of this road run over the Vermont and Massachusetts Railroad, 
between South Ashbumham and Fitchburg, 10 miles, paying therefor $39,000 
azmually. 

Rolling Stock — Locomotive Engines 18 

Cart :— Passenger, 11 ; baggage, 5, and freight, 284, etc 300 

• Fnm 2Ul Sept, 1649, to 9eth Sept, 1650. t 14 moothf, flrom lit Oct, 1850, to Ut Deo, '51. 



52 



NEW HAMPSHIRE— CUESUIRE 



The Cheshire Raikoad Company is a consolidation of the Cheshire of New 
Hampshire and the Winchendon of Massachusetts; the first chartered on 
the 27th Dec, 1844, with a capital of $1,000,000, and the latter in 1845, with 
a capital of $400,000 ; each having authority to consolidate with the other. 

The Consolidated Company was organized in 1845. The first section of 
the road, from South Ashbumhara to Winchendon, was commenced in Oct. 
of the same year, and completed on the 1st Oct., 1847. The second to Troy, 
14 miles, on the 27th Dec. In May, 1848, the road was opened to Eeene ; 
and near the close of the same year, the entire line was brought into use. 
The bridge over the Connecticut, at Bellows Falls, was completed in the 
following June. The length within Massachusetts is about lOi miles, and in 
New Hampshire about 48^ miles. 

Sharb Capital— Authorized, $2,250,000, in 22,500 $100 shares. 
Issued, Common Stock, $68,100, in $100 shares. 
" Preferred Stock, $2,017,825, in $100 shares. 
The Preferred Stock was authorized by a vote of the stockholders at theii 
annual meeting, held 10th Dec, 1851, by which the original shareholders 
were entitled, on subscribing and paying for one share of Preferred, to con- 
vert into Preferred, three shares of Common Stock. Nearly all the share- 
holders availed themselves of this option. 

Funded Debt — $738,200 : classified as follows — 

Issued, Payable, 

let July, 1850. • • • WTSJOO 6 per cent, Ist July, I860, 



Interest payable Ist Jan. and 1st 
July, at Boston. 



1853...- 176,300 6 per cent, '• " 1863, 
" 1855. •• 43,100 6 per cent, » " 1876, 
" 1857-... 43,100 6 per cent, " " 1877, 

None of the bonds are secured by mortgage. The interest has been paid. 



Floating Debt— $84,327. 



Income Account for the Year Ending 30th November, 1859. 

DisbursemenU — 

Repairs of road 

Kenewals of rails • 



Receipts — 

Balance of income $92,586 

Passengers 100,479 

Freight 212,464 

Mails, eto 15,298 



Total* 



.$420,827 



Repairs of locomotiTes 

Repairs of passenger cars 

Repairs of freight cars 

Fuel 

Oil and waste 

General expenses. 

Rent to V. and Mass Railroad.* 

Interest paid 

Balance 



$14,652 
23,199 
20,774 
4,177 
11,236 
31,491 
5,367 
53,365 
39,000 
53,581 

164,663 



Totol- 



• $420,827 



General Ledger Balance Sheet, 1st December, 1869. 



Dr. 

Graduation and masonry. $1,490,749 

Bridging. 41,490 

Superstructure, including iron 480,371 

Station buildings. 106,336 

Land and land-damages 125,055 

Rolling Stock. 322,267 

Engineering. 46,^9 

Agencies, etc. 462,807 

Other assets 87,767 



Total. 



.$3,163,731 



Cr. 

Share-Capital $2,086,925 

Funded Debt 738,200 

Floating Debt 84,327 

Balance profit and loss. 255,279 



Totia. 



• $3,163,731 





Cost 


Ytu. 


of Road. 


1848.. 


$1,905,456 


1849.. 


2,618,069 


1850.. 


2,739,318 


1861.. 


2,7n,843 


1852.. 


3,002,094 


1853.. 


3,075,195 


1854.. 


3,181,997 


1856.. 


3,179,686 


1856.. 


3,0n,606 


1867.. 


3,082.767 


1868.. 


3,080,831 


1869.. 


3,075,964 



KEW HAMPSHIRE-EASTERN. 
Cost, Earnings, Expenses, etc., Yearly, 

Mile- < Grogs Earnings -^-* 

ago. Passengers. Freight. Mails, etc. Total. 

53,64 $34,294 $43,388 $2,352 880,043 

53.64 72,863 92,241 7 002 172,106 

53.64 98,747 99,021 10,646 208,414 

63.64 101.658 110,020 10,617 222,295 

53.64 119,745 157,380 10,643 287,768 

63,64 123,011 182,060 10,228 315,299 

53.64 139,186 220,482 13,224 372,892 

53.64 135,520 231,472 13,229 380,221 

53.64 118,341 224,665 12,623 355,629 

53.64 112,188 196,721 13,668 322,577 

53.64 97,227 185,807 14,298 297,332 

53.64 100,479 211,864 15,298 327,741 



Operating 


Net , Div. 


» 


Expenses. 


Earnings. 


p.c 


$37,065 


$42,969 7it7. 


nU. 


61,029 


111,077 $40,462* 


•-ii 


92,587 


115,827 nU. 


nil. 


99,125 


123,170 " 


" 


187,063 


100,705 103,644 


5 


185,596 


129,703 84,8U8 


4 


241,876 


131,016 nU. 


nU. 


236,656 


143,565 43,100t 


2 


242,551 


113,078 nd. 


nil. 


228,610 


93,967 43, loot 


2 


188,814 


108,518 nil. 


nil. 


202,582 


125,159 " 


" 



$34,796,816 643.68 1,253,259 1,955,221 133,828 3,342,308 2,003,554 1,338,754 315,114 
Arer. 2,899.734 53.64 104,438 162,935 11,152 278,525 166,963 111,563 26,260 1.3 



EASTERN RAILROAD. 
(Financial year ending ^Oth Navemhery 1859.) 

IcHABOD GooDwiNj President Portsmouth, N.H. 

J. B. Parker, Treasurer, Boston^ Mass. 

Length of Road — Portsmouth to Massachusetts State Line 16.55 mile.«:. 

The JEtutem Railroad Company in New Hampshire was chartered on the 
18th June, 1836. Its construction was commenced in 1839, and the road 
opened for public use in December, 1840. On the 2d June, 1839, an act was 
passed authorizing the Company to lease the road to the Eastern Company 
of Massachusetts for a term of ninety-nine years from the 18th of February, 
1840. The two companies are virtually consolidated, and share alike in 
dividends. The road is entirely managed by the Massachusetts Company, 
that of New Hampshire exercising no acts except such as are necessary to 
the maintenance of its organization. Share Capital — Authorized, $500,000, 
in 5,000 $100 shares ; paid in, $492,500. Floating Debt— $42,705. Cost of 
Boad, etc. — $525,205.--(iS^ Eastern Raikoad Company of Massachusetts.) 



GREAT FALLS AND CONWAY RAILROAD. 
{Financial year ending 31s^ Marchj 1859.) 

Board of Directors and Officers, 1859-00. 

John Smith. Centre Ossipee^ N.H. Charles Dennett Rochester ^ N.II. 

Asa Bencham OsHpee, " Owen W. Davis Great Falls y « 

Thomas M. Wentworth. . . . Lebanon^ " Isaac Chandler " ^< 

Oliver Hill, President Great Falls, N.H. 

A. A. Pkekins, Treasurer y Secretary ^ and Superintendent, ...... " " 

Principal Office Great Falls, Strafford Co,, N.H. 

LxKGTU OF Road — Great Falls to Union Village 20.09 miles. 

No second track. Sidings, etc., 1.3 miles. 

BoLLiMO Stock — Locomotive engines 3 

Cars : — Passenger, 2 ; freight and other cars, 52 54 

•Paidinstoek. t Paid hi bonds. 



54 NEW HAMPSHIRE— GREAT FALLS AND CONWAY.) 

The Oreat FaUs and Conway Railroad Company was chartered on the 19th 
June, 1844. The construction of the road was commenced in May, 1848. 
On the 28th Feb., 1849, the first section from Great Falls to Rochester, 
6i miles, was completed; on the 19th March, 1850, the section between Ro- 
chester and South Milton, 6 miles, and in the summer of 1855, to Milton, 8 
miles. The whole length of line from Great Falls to Conway is about 46i 
miles. No work of any amount has been done north of Milton. 

Shake Capital— Authorized by charter, J1,000.000, in 10,000 $100 shares. 
Paid in— $166,748, as follows— 

Preferred 8 per cent, shares. « $41,101 

The Preferred Shares were created in pursuance of a vote of the stock- 
holders, 3l8t May, 1850, and distributed to holders of common stock in the 
proportion of one Preferred to every two common shares. The total amount 
authorized was $85,000. No interest has been paid on these shares.^ 
Common Stock $125,647 

Funded Debt — $250,000 : classified as follows — 

1st Mortgage^ 6 per cent, coupon bonds $100,000 

— dated 22d Sept., 1851, and payable, principal 1st July, 1862, and coupons 
semi-annually, Ist Jan. and July, at Treasurer's oflSce, Somersworth, N.H. 

2d Mortgage, 6 per cent, coupon bonds .$100,000 

— dated 1st April, 1854, and payable, principal 1st Oct., 1874, and coupons 
semi-annually, Ist April and 1st Oct, at the Treasurer's office. 

3rf Mortgage, 6 per cent, coupon bonds $50,000 

— dated 1st April, 1857. Of this issue, 10 per cent, were due 1st July, 
1857, and 90 per cent. 1st Jan., 1858. Interest payable 1st Jan. and 1st July, 
at the Company's office. This mortgage providea for an issue of $75,000. 

A portion of the bonds are held as collateral to the floating debts of the 
Company. Interest on bonds has been regularly paid. 

Floating Debt^ — $42,019, notes payable. 

Cost of Road and Equipment — $403,565 : in detail as follows — 

Land, land-damans and fencing. 933,484 

Oraduation and maaonry 1 15,690 

Engineering, etc 30,636 

Superstructure 152,366 



Station buildings, etc Vl8,481 

Locomotive engines ) .« «». 

Passenger and freight cars J w,iM 

Miscellaneous expenses. 12,573 



Income Account for the Year Ending SIst March, 1859. 

DiabursemeJiU — 



Receipts — 

'Passenger traffic $9,614 

Freight traffic. 17,212 

Mail service, etc 1,000 



Total $27,826 



Repairs of roadway $3,969 

Repairs of rolling stock 669 

Wood, $3,416 ; oil, etc., $334 3,760 

Operating expenses. 6,602 

Interest, etc 13,836 

Totol $27,826 



General Ledger Balance Sheet, 1st April, 1859. 

Cr. 

Share capital, common $125,647 

preferred. 41,101 

Funded Debt 209,f 27 

Notes payable 42,019 



Total $418,694 



Dr. 

Construction $363,231 

Equipment. 40,334 

Profit and loss 15,129 



Total $418,694 



NEW HAMPSHIRE—MERRIMAC AND CONNECTICUT RIVERS. 65 

Ck>ST, Earnings, Expenses, etc., Yearly. 



Tear 


Cost 


Mile- 
age. 


PaM'ger. 


— Qro88 EarDings- 
Freiffht Mails. 


Total, 


Ex- 
penses. 


Earas.'-- 
less exp. 


D\y. 


1860 


... 9133,520 


6J9 


•3,747 


•2,431 


• ... 


•6,178 


•6,365 


Loss. 


nU 


1851 


... 204,013 


12.36 


5,921 


6,989 




12,910 


13,213 


(i 


(i 


1852 


.... 211.102 


12.36 


6.500 


6,647 




13,147 


8,621 


4,526 


ti 


1853 


... 226,829 


12.36 


6,002 


8,873 


268 


15,143 


6,599 


8,544 


<i 


1854 


... 267,793 


12.36 


6,462 


8,792 


470 


15.724 


7,255 


8,469 


<( 


1865 


... 309,272 


14.13 


8,009 


9,936 


402 


18,347 


8,727 


9,620 


II 


1866. 


... 387,900 


20.09 


11,177 


16,734 


595 


28,506 


19,374 


9,132 


It 


1857 


... 421,913 


20.09 


11.279 


14,129 


963 


26,371 


12,579 


13,792 


<t 


1858 


... 432,995 


20.09 


9,842 


14,301 


1,000 


25,143 


11,514 


13,629 


tt 


1869 


... 432,995 


20.09 


9,614 


17,212 


1,000 


27,826 


13,990 


13,836 


ti 




t3,027.332 


60.52 


•78,553 


•106,044 


•4,698 


• 189,295 


•108,237 


•81,058 


u 


Arer 


ige, 302,733 


15.05 


7,855 


10,604 


469 


18,929 


10,823 


8,105 


tt 



MERRIMAC AND CONNECTICUT RIVERS RAILROAD. 
{Financial year ending ZXei Mareh^ 1859.) 

Officers, 1859-60. 

E. H. Rollins, Presidtnt Concord, N.H. 

Onslow Stearns, Agent for Urn from Concord to Claremont " , " 

Joseph A. Gilmore, SupH. for line from Manchester to N, Weare. . " " 
Principal Office Concord, Merrimiac Cb., N.U. 

LxHOTH of Road — Concord to Bradford 27.16 miles. 

Manchester to North Weare 25.52 " 

Total 52.68 miles. 

No second track. Sidings and turnouts, about 4 miles. 

RoLLiMO Stock — Locomotive Engines 2 

Cars : — Passenger, 4 ; freight, etc., 80 84 

The Merrmae and Connecticut Eivers Railroad Company is a consolidation of 
the two companies formerly known as the " Concord and Claremont," and 
the " New Etampshire Central," both of which were originally intended to 
reach the Connecticut River at Claremont. 

On the 8th Jan., 1853, an act was passed under which the two companies 
were consolidated on equal terms, and took the style of the " Merrimac and 
Connecticut Rivers Railroad Company;" the new company to be responsible 
for the liabilities of both the old companies. 

This act was accepted by the stockholders in the New Hampshire Central 
on the 1st Feb., 1853, and by the stockholders in the Concord and Claremont 
on the 12th April, 1853, at which latter date the consolidation was formally 
consommated 

In consequence of default in thepavment of interest, the road has for sev- 
eral years past been in the hands of the trustees under the mortgage, and is 
operated by the Northern Railroad Company under a contract with the 
tmstees. 

SsABi Capxtait— Authorized, $3,000,000, in 30,000 $100 shares. 
Paid in, $595,587. 

FuvDBD DxBi'— $383,400 : classified as follows^ 

Id Mortgage, {If. K Central,) 6 per cent, bonds $133,400 

dfttod iBt Jan., 1851, and payable, principal Ist Jan., 1856 and 1861, and 



56 



NEW HAMPSHIRE-MERRIMAC AND CONNECTICUT RIVBBS. 



interest semi-annually, Ist Jan. and Ist July. Under this mortgage provision 
was made for $200,000. 

lU Mortgage, (Con. Sf Clar.) 6 per cent, honds $100,000 

— dated 1st July, 1850, and payable, principal 1st July, 1855, and interest 
semi-annually, Ist Jan. and 1st July. 

2d Mortgage, (Con. Sf Clar.)% per cent, bonds $150,000 

— dated 8th Sept., 1851, and payable, principal 8th Sept., and interest semi- 
annually, 8th March and 8th Sept. 

Since 1854 a portion only of the interest on the bonds has been paid — 
viz.: In 1856, $14,736; in 1857, $4,500; in 1858, $12,909, and in 1859, 
$16,981. 



Floating Debt — $303,517, bills payable, coupons, etc. 



Cost of Eoad and Equipment — $1,282,504 : in detail as follows — 



N. H. Central. 

Graduation and masonry • • $201,236 

Wooden bridges 38,304 

Superstrnoture, inclading iron. 137,033 

Stations, buildings and fixtares. 8,517 

Land, land-damages, and fences. 31,280 

Locomotives 16,068 

Passenger and freight cars 24,667 

Engineering and other expenses 37,462 



Total . . . 
Other items- 



9494,567 



Concord A Claremont. 
9158,725 
21,876 
164,467 
33,902 
48,103 
25,472 
72,408 
69,344 

•594,297 



Total. 
9359,961 
60,180 

301,500 
42,419 
79,383 
41,540 
97,075 

106,806 

91,088,864 
• 193,640 



Income Account for the Year ending SIst March, 1859. 



Receipta — 

From passengers 919,524 

Freight 33,898 

Mail eerrioe 2,504 

Express 975 

Misoellaneons. 2,873 



To^l- 



. 959,774 



DiaburaemeniB — 

For roadway. 

Repairs of rolling stock- 

Wood, oil, etc 

Running expenses- • • • • 
Interest and coupons. • • • 
Surplus income 



Total. 



910,271 

5,096 

4,596 

. 18,654 

16,981 

4,176 

.959,774 



General Ledger Balance Sheet, 1st April, 1859. 



Cr. 



Share capital »••• 9595,687 

Funded Debt 383,400 

Floating Debt 303,517 



Total- 



.91,282,504 



Construction 

Cost of eauipment- 
Additional cost .- - * - 



Total- 



Dr. 

91,109,860 

138,715 

33,929 

.91,282,504 



Cost, Earnings, Expenses, etc.. Yearly. 





Costof 


Year. 


Road, Ac. 


1853-4-. 


91,248,575 


1854-5- 


1,286,274 


1855-6- 


1,286,681 


1856-7- 


1,281,504 


1857-8-. 


1,281,504 


1858-9- 


1,282,504 



Miles r 
of road. 


Pass'r. 


-Gross Jfia 
Freight. 


mings 

Malls, Ac 


Total. 


5263 


935,002 


964.099 


93,066 


9102,167 


52.68 


26,848 


56,663 


1,220 


84,931 


52.68 


27,417 


46,966 


6,560 


80,943 


62.68 


27,532 


43,000 


5,727 


76,259 


52.68 


21,115 


32,953 


5,661 


59,729 


52.68 


19,524 


33,898 


6,352 


59,774 



operating Earnings, Dir. 
expenses, loss exp. 

943,326 nO. 



958,841 
43,266 
69,411 
54,105 
44,378 
38,618 



41,666 
21,532 
22,154 
15,351 
21.166 



97.667.042 316.08 9157,4'38 9277,779 928,586 9463,803 9298,619 9165,184 " 
Average- 1,277,840 52.68 26,239 46,296 4,764 77,300 49,769 27,364 " 



NEW HAMPSHIRE-MANCHESTER AND LAWRENCE. 67 

MANCHESTER AND LAWRENCE RAILROAD. 
(Financial year ending Slst March^ 1859.) 



Board of Directors and Officers, 1859-60. 



E. J. M. Hale Haverhill, Mass. 

DaTid A. Bun ton Manchester, N.II. 

John Flint Andover, Mass. 



Asa Fowler Concord, N.II. 

Nathaniel G. White Lawrence, Ma-ss. 

Charles Conner Exeter, N.II. 



N. G. Upham, President Concord, N.H. 

D. J. Daniels, Treaattrer Manchester, " 

Joseph A. Gilmore, Superintendent Concord, <^ 

Primcipal Office. Manchester, HiUsboro^ Co., N.II. 



Lexgth of Road — Manchester to Lawrence, including Methuen Branch. 26.47 miles. 
No second track. Sidings and turnouts, 2.42 miles. 



The Manchester and Lawrence Railroad Company waa chartered on the 30th 
June, 1847. The construction of the road was commenced in the summer 
of 1848. The road was opened for the transportation of passengers on the 
13th Nov., 1849, and of freight on the 1st Jan., 1850. On the 4th Oct., 
1850, it was leased to the Concord Company for five years, from Ist Nov. 
following, and operated in connection with the Concord road until Ist Nov., 
1863 — the net profits of the joint business being divided between them in 
the ratio of $4 per share to the Concord, and $3 per share to the Manchester 
and Lawrence. From 1st Nov., 1853, to Ist Dec, 1856, this company ope- 
rated its own road. At the last-named date, the road was leased to the 
Concord Railroad Company for a period of five years, the net profits to be 
divided in proportion to the cost of the roads respectively — that of the Con- 
cord being estmiated at $1,500,000, and that of the Manchester and Law- 
rence at $1,000,000. The amounts paid the latter under this lease to date 
have been $177,198, viz. : for the four months ending 31st March, 1857, 
$21,577; for the year 1857-8, $64,044, and for 1858-9, $85,577. These 
sums are exclusive of contributions to the joint contingent fund. — See Con- 
cord Railroad. 



Share Capitait— Authorized by charter, $1,000,000, in 10,000 $100 shares. 
Paid in, $865,200. 
In 1850 a Preferred Stock of $250,000 was created, to receive 8 per cent. 
dividend until the earnings in any one year should be equal to 8 per cent, 
on all the shares. On the 17th January, 1851, the treasurer was authorized 
to exchange 2,200 shares of this stock for the same number of shares with- 
out preference, paying therefor a premium of 10 per cent, provided the 
owners thereof took 500 shares of old stock, then on hand, at par. At the 
eame date the treasurer was authorized to exchange the residue of the Pre- 
ferred Stock, paying therefor a premium of 10 per cent, in cash. Under 
this authority the greater portion of the "Preferred" was exchanged; and 
as the road has now earned an 8 per cent, dividend, the whole is regarded 
as Common Stock. 



FinivsD Debt— A mortgage on the road, etc., as follows — 

\4 Mortgage^ 6 per cent, convertible $33,800 

—dated Ist Oct, 1855, and payable, at the Company's oflSco, Manchester, 

8 



»S KEW HAMPSUIRE— NORTHERN. 

N.H., in annual instalments of $12,500. Interest payable semi-annually, Ist 
April and Ist Oct., in Boston. The amount covered by this mortgage was 
$100,000, most of which has been converted into stock. * 



Floating Dibt— $106,847, bills payable. ■ 

IxcoxE AccorxT for THi YiAR ExDiNo 31sT March, 1859. 

Rertipis— . DMursemenU-- 

2-BthM of juiat income of Um Concord Two drndcnds, 4 per cent each t67,536 

and the Manchester and Lawrence I Interest on capital not paid in.. 10,843 

road*.. 985,577 | Diridends on Preferred Stock (36 shi). 416 

j Sorplua income 6,782 

lUal $85,577 | Total •85,677 

GiMRAL LlDOER BaLANCE ShBET, IST ApRIL, 1859. 

t> I Dr. 

Share car*^I #$65,300 Construction, etc. $1,000,000 

Rinds 33,i»0 Cash 20,609 

XoteepaTaMe. 106,?I7 Notes receirable. 1,325 

ltt«?o«ue. 32,569 Sundry accounts 2,053 

rnclaiwe«i diridends. 1,410 Piuportion of stock on hand due 

5twk dividends 7.^)0 from joint companies 23,639 

Tvtal •1,I>I7.626 Total $1,047,626 



OoCT, Earnings, Expinses, etc., Yearly. 

Mil««. OfOM Earnings » Operating Eamg*8, # — ^Div.— * 

«,>f KkMid. l^M•en>. Frviirht. Mails.etc. Total, expenses, lets exp. p. c. 

,»47 •4i^>5 $i:\5':7 $6,024 $Sl.S36 $55,210 $26,626 $22,414 3} 
tl\4T ) cy^rxi/ni i» (''iiffavri^ from Isi Xac^ JS50, to ) .g.^ «-- -^ «.• ,«. 
2ti|:\ Tw.>Vr/l:>5i Jt67,945 76,94o 10* 

AvK W.,*5ci «K.i:S 5.427 124.453 72,931 151,522 55,871 7 
tt>4; t!lS*.4i^ ^.(^U 4.757 160,761 9S,092 62,672 55,522 7 
W4r rj,534 UV.22< 5.414 1;«,174 1W,991 81,183 ... nU. 
;>4; 7M« U16.641 5.956 189,799 107,281 82.508 66,076 7 

^V4:) ; ^21,570 

^ 4r ' I Vtf-u.\i; >« rj^K>/ni fn»m \si IW , 1856. \ 68,665 67,536 8 
W4:^ ' ( 85.677 67,536 8 

$>».ISMA> >4;\> 548,267 467,896 

.iwi.\<y yiS,ni» ^n4: 54,826 45,789 63 





Oi^ .»f 


Year 


lU^ad. iv». 


IS.V-. 


$:.«.:« 


KM .. 


si2 :^ 


KV,*.. 


5i.i:,<ft>i 


l!iW " 


A^^^5^'* 


IS\4 .. 


JJio.lW 


is\\ 


iwi.l^l 


KVi •> 


l.ilV.lW 


KV.. 


IvXV.AV 


IS.Vi .. 


\ k\\\\.\V 


IS>i> 


\\\\\\\V 



Nin{THKKX KAILKOAD. 
(^)mmf^f^m^^ SU Mtrtk 1859.) 

Hvuni" %ur Oimpvrvm* fcNP OrricKRs^ 1859-60. 

^Kiai^H M»**s^.^ . * * 0,Am>»M\ NMl Jv^ph W. Olirk Bagton^ Mass. 

\*^mi^\V N^>«»«ilii ^ViMai»\/s, - J^Oin A. Burnham " « 

\t^*W \ K^H^t |fiu#*v«KM*».: rwliVvkw « « 

\W«i^>«\H 5i^ V Ki^N-K I^^mA^' wmU v^f*^^%.'r«iJif«># Concord, N.H. 

\^W^«M^ V K^vui%. rVwiMi^ Boston, Mass. 

IP^WV*«^^ \Wi4*k.. Ooxcoan, AlfiTiiwc a>., N.H. 

a <^N4a IMk ^^^v. )!M( W M NVv^ 1;»lX aVvit U| Months, t Operatioa tnm 
i V H^ ^H< ***^ ^5^ '•^^ t ^Vaiiws fWH« 1st May. 1852, to lit April, 1853, 

;&sSit2iNM Mis^. 1^ AM i^?>4»»thi. 



NEW HAMPSHIRE-NORTHERN. 69 

LsNGTU or Road — Main Lijie^ Concord to West Lebanon .69.16 miles. 

Branch lAne^ Franklin to Bristol 12.41 " 

Total length of road owned by the Company 81.57 " 

No second track ; sidings, etc 10.19 '< 



Total equivalent single track 91.76 



» 



Rolling Stock — Locomotive Engines 22 

Cars : — Passenger, 13 ; baggage, 8 ; freight, etc., 365 386 



The Northern Railroad Company was chartered on the 18th June, 1844, and 
organized on the 15th July, 1845. In October and November following, the 
road was placed under contract. On the 1st September, 1847, the first sec- 
tion from Concord to Canaan, 54 miles, was opened for public use, and on 
20th Nov. followingthe entire line to West I^ebanon. In April, 1848, a lease 
was taken of the Franklin and Bristol Eailroad for a term of 100 years. 
The company constructing this road was chartered on the 8th July, 1846. 
Its construction was commenced in 1847, and the road completed in July, 
1848. On the 31st Jan., 1849, legislative sanction having been obtained, the 
two companies consolidated, since which time the Franklin and Bristol has 
been operated as a part of the Northern Kailroad. The cost of this branch 
at the time of consolidation was $190,942, represented by share capital 
$159,746, and bills payable, $31,196. A considerable expenditure was sub- 
sequently made to complete the line. The cost of both roads and equipment 
at the same date was $2,655,398. 

Shark Capital— Authorized, $3,068,400, in 30,684 $100 shares. 
Paid in, $3,068,400. 
Interest was paid on stock assessments till Ist May, 1848. 

Funded Debt — $299,500 : classified as follows — 

Six per eeni, coupon bonds $35,200 

— dated 1st Jan., 1855, and payable, principal Ist Jan., 1860 and coupons 
semi-annually, 1st Jan. and 1st July, at Boston. 

Six per cent, coupon bonds $71,700 

—dated 1st April, 1854, and payable, principal, 1st April, 1864, and coupons 
semi-annually, 1st April and 1st Oct., at Boston. 

Six per cent, coupon bonds $192,600 

—dated Ist April, 1854, and payable, principal Ist April, 1874, and coupons 
semi-annually 1st April and 1st Oct., at Boston. 

None of the bonds are secured by mortgage. Interest on all has been 
regularly paid. 



Floating Debt— $25,799. 



Cost o» Road and Equipment — $3,068,400 : in detail as follows- 



OrBdiiAtion and maionry 91,205,436 

Wooden bridge 138,470 

Sopentmotare, inelading iron 605,365 

Stations, buildings and fixtures 158,416 

Land and Uod-damagoi, eto 158,416 



Locomotive engines 9130,653 

Passenger and baggage cars 36,221 

Merchandise cars. 1 18,359 

Engineering 47,420 

Agencies and other expenses 267,644 



t)0 



NEW HAMPSHIRE— NASHUA AND LOWELL. 



Income Account for the Year ending 31st March, 1859. 



Receipts — 
Balance of looome Account, 1858*> • 

Passenger traffic 

Freight 

Mail service 

Miscellaneous. 



$167,573 

83,875 

256,417 

8,499 

6,673 



Total $523,037 



DisbursemenU — 

Locomotive department $62,765 

Maintenance of way. 51.521 

General expenses 54,178 

State taxes 10,146 

Construction Account 25,470 

Transfer to contract account 9,675 

Dividends 122,736 

Balance of income account 186,546 



Total- 



.$523,037 



Cr. 
Share capital ' 

Income. 

Funded debt.* 
Bills payable • 



General Ledger Balance Sheet, 1st April, 1859. 



$3,068,400 

186,546 

299,500 

25,800 



Total. 



• $3,580,246 



Dr. 

Construction. $3,068,400 

Shop stock 28,758 

Fuel, oil, etc 37,813 

Northern (Ogdensburg) 2d M. Bds.- 33,750 

422 shares Northern RR. Co.- • • • • . • 17,669 

Contracts 274,767 

Bills receivable. ^ 119,089 



Total. 



.$3,580,246 





Cost of 


KOAD, 


Earnings, Expenses, etc.. Yearly. 










Mile- 




n 1? 


s 


-^ Ex- 


Net 


. Div- 












Year. 


Cost. 


age. 


Pass'ger. 


Freight Mails. 


Total. 


penses. 


earnings. 






1848.. 


$2,464,315 


69.16» 


$69,746 


$78,426 $6,872 


$166,044 


$52,377 


$102,667 


nU. 


nU 


1849.. 


2,655,398 


82.57 


113,201 


162,360 11,008 


286,5P9 


119,292 


167,277 


92,978 


3i 


1B50.. 


2,795,603 


82.57 


110,798 


160,954 10,556 


282,309 


130,892 


161,416 


nU. 


ni. 


1851.. 


2,768,400 


82.57 


110,528 


162,009 15,420 


287,957 


124,409 


163,648 110,736 


4 


1852.. 


2,768,400 


82.57 


105,770 


176,588 10,404 


292,762 


148,830 


143,932 


138,420 


5 


1853.. 


2,768,400 


8257$ 


102,673 


211,764 14,356 


328,783 


212,184 


116,599 


69,210 


2i 


1B54.. 


2,768,400 


82.57 


111,622 


241,519 17,388 


370,529 


232,230 


138,299 


65,368 


2 


1855.. 


3,068,400 


82.57 


123,085 


289,579 10,136 


422,800 


312,590 


110,210 


nU. 


nU. 


1856.. 


3,068,400 


82.57 


114,252 


287,247 16,087 


417,586 


285,208 


132,378 


It 


II 


1867.. 


3,068,400 


82.57 


109,985 


295,448 12,599 


418,032 


276,553 


141,479 


61,368 


2 


1858-. 


3,068,400 


82.57 


100,718 


252,661 12,500 


365,879 


240,576 


125,304 


122,736 


4 


1359.. 


3,068,400 


82.57 


83,875 


256,417 12,809 


353.101 


201,680 


161,521 


122,736 


4 



$34,330,916 977.43 1,266,253 2,574,962 160,135 3,981,350 2,336,720 1,644,630 773,652 
Aver'e 2,860,913 81.63 104,688 214.680 12,610 331,780 194,727 137,050 64,463 2.2 



NASHUA AND LOWELL EAILKOAD. 



Length op Road— Nashua to Massachusetts State Line 6.22 miles. 



The Nashua and Lowell Railroad Company in New Hampshire was chartered 
on the 23d June, 1835, and authorized to construct a road from Nashua to 
the Massachusetts State Line. On the 26th June, 1838, an act was passed 
granting permission to this Company to consoUdate with the company of the 
same name chartered by the Legislature of Massachusetts on the 16th April, 
1836. The latter company having obtained similar authority, the two com- 
panies were consolidated into one corporation. — See Nashua and LoweU Rail- 
road Company^ Massachusetts, 

♦ Bight months' operations, from Ist Sept., 1847, to let May, 1848. i Eleven months* opera 
tions, from lit Maj, 1862. to Ist April, 1853. 



NEW HAMPSHIRE— NEW nAMPSHIEE CENTRAL. 

NEW HAMPSHIRE CENTRAL KAILEOAD. 



61 



LcsiGTB OF RoAJ> — M&nchester to Henniker.. , .25,52 miles. 

No second track. Sidings and turnouU, 1.25 mile. 



The Netc Ilampfhre Central Railroad Compawj was chartered on the 24th 
June, 1848, anU was authorized to build a road from MaiicheskT to Chire- 
niont. The conatructlou of the road wns commenced in 1849. It was ripened 
frt>m Manchester to Weare, 10 milci*, on the 10th Feb., 1850; to Ileuniker, 
15i tnileii, on the 10th Dec, 1>*50. On the 12th x\pril, 1853, legislative au- 
thority having been obtained, this Company was eoufnili dated with the Con- 
cord and C'laremont Company , under th*j title of the Merrimac and Connec- 
ticut Rivera Railroad Company, {irfmh w*-.) 



Gbnbral Statbmrnt, 1st May, 1853. 
Cr 

Shaw capiUl $270,092 

Funded Debt £M,200 

Floating Dobt 180,977 

Ineome applied to cKMutnultoii. 5,685 



Total - 



-»&50,9&4 



Dr. 

Cott of Ttiad- - #472.120 

Codt of etjuipment. » ........ 40,735 

iDtorest and didcount- .... * SSiOSS* 



Total » 



•6aO,9&4 



1860-1.. 
1951-2- 
1852-3 



CosT^ Earnixos, Expknse.s, eto.j Yearly. 
Co*trif Mikfl, * — OroM Ejiraiags- » Operattng EAn»g*»,^DiT-* 



Eoad, A«, of Kuad. P^uutou'r. Freight. MiiiL»,ete. Tutal 

l4St),3t2 25.16 S7,037 S5,152 tGGa 

547.448 2516 12,738 i:i,592 

560,317 25.16 1-^,193 1B,06S 



expeu^es. lo89 exp. 

$12,855 $12,736 $119 

26,330 15.672 10,658 

31,261 19,159 12.102 



nil 



$1,58.1,077 
Aferag«.. 528,026 



75,49 
25.16 



$31,968 $37,812 
10,656 \%mi 



$666 
222 



$70,446 
23,482 



$47,567 $22,879 
15,856 7,628 



PETERBORO^ AND SHrRLEY RAILROAD. 



Le:fGTH OF RoAii — Mason Village to Maj^sacbuaetts State Lme. , 9.3G miles. 



The Pderhoro^ and SMrkif Railroad Compan^j in New Hampshire was cliar* 
teitid on the 8th July, 1846, and was auth<n*ized to eonstruct a road from the 
MussaehiLsetts line in Miison, throu;L(li Xew Ips^wieh, to Peterboro'. In 1849 
the road was placed under contract, and was completed to the Souliegan, on 
the 11th Nov., and during the next year to Mason Villajope. From its open- 
ing it has been openited by the Fitehhiirg Company in connedion with the 
Peterboro* and Sliirley of Mas.sachusett8 — first at the stipulated sum of 
$10 per day, and subsequently as a port of the PeterbonV and Shirley Rail- 
roiid Company of MassMchu^etts under leaise to that Company, the latter 
foftd being leased to the Fitohbyr*> Kailroiid Company. No rej»orts have 
been made of its operations. It has yielded no rettirn for the capital invest- 
ed in it; uud^ iu pursuance of an act passed in 1858, the Company now pro- 
piose to sell the road to the Mas.sachu.^etts Company lor $67,700, the amount 
of its mortgafje bnndii^'. — (Sfe Prferhoro^ and Shirktf RIt of Mass.) 

Bharo Capiial, $143,156; Funded Debt, $07,700; Floating Debt, $110,- 
665; Cost of Road, including diseount^ intercut, etc., $245,643. 



L 



62 



NEW HAMPSniRE-SULLIVAN. 



SULLIVAN EAILROAD, 



(Financia! year endif^g 30^A April, 1869.) 
Board or Directors and Officers^ 1859-60. 



Samuel EltlHdge. Boitun, Mass. 

J, W. Clark*. ** 

Edward Thompson MnrMuiCfiy N.IT. 



Jttliii >f. Tilidden. .. ., ^Ckarl&town^ N.IL 

Jonaj* Livingston Qarcmont^ " 

L, Olark Nm York, N.Y, 



John M. Oi,ii>dkn^ Pr^ident. CharJestown, N,IL 

JoH N 8. Eldridqe, Tnat^e ifi charge* ..,*.......... .Boston, Ma^^s. 

Edward Thompson^ StLpennt^uhtiL , , Cbarlestown, N JL 

Principal OrncE Ciurljustowk, Stdlimn Ct?,, N.IL 



LcNGTH or RoAi> — Main Line^ Windsor^ Vt.^ to Bellows Fall, N.U., . .. 
Branch Liitey connecting witli Vennunt Valley RR., 
No second track. Sidings, turnouts, etc., 2.12 miles. 



.24.68 mites. 
. 0.58 " 



HoLLiNG Stock — Locomotive Engine* (rented), • • 5 

Curs : — Pa&aenger, 2 j freight, etc., 50. 52 



The SuHiran Rmlroud, Compantf wrii* (drurtered nn the 10th Jul 3'^ 1846, The 
C«ynetriictinii of tlie road was commeoced in tlie spring of 1S47, and com- 
pleted on the 5th Febrniiry, 1S49, In 1S51 the Company connected the 
road with tlie Yermont Yulk^y Kailrosid at Jkdlowd Fid Is by a bridge and a 
branch road. On the 29th tk^jttember, 18.51, the whule property of the 
Coin[iHny was fiiinendereil to the trustees under the mortgagee^ and has 
since l>een operated by tlicin for the benefit t>r the bondholdei's. The greater 
part of the ifitercst accruing since 15^52 is uuj^aid. 



Shake Capital— Authorized and paid in, $500,000^ in 5,000 $100 shares. 

Fl'jjded Debt — ^J750,000 : chissiiied as foHowe — 

Xii Mortgage^ 6 per cent, coupon bonds $500,000 

— dated Ut Jao., 1850^ and payable, principal lat Jan., 1855, and coupons 
»emi-amnially, 1st Jan. and Ist July, in Boston, 

2d Mortgage^ 6 per cent, etmpon homk _-.,^ $250,000 

— dated lat Aug., 1851, and payable, principal 1st Aug., 1861, and coupODa 
eemi-antiually, lat Feb. and Itit Aug., in BtM^ton. 

Floating Debt — $262,516, \iz. : coa[)ons unpaid, $253,041, and bills and ac- 
counts payable, etc., 89,475. 



Cost of Hoab and Equipmest — $1,250,000 : in detail as follows — 



6radaatioii and mojonrj- • • • ., • 

Bridg«8..< • • 

Superatructure^ includiDg iron • • 
Btetion buiJdingB, ©tc ■••-■■••' - 
LABd, ljind-d«mitg<sii »Qd fcncoa . 



#442,339 

5B,701 

2^5,33-2 

31,2G9 

59,760 



Locomotivei ... * 

Pftftsenger and txaggage cftrs. 

Freight ourt". ->..-».. 

Kugiiicering, etc • ♦ • 

Agoncic! and cither exponfca. 



•35,881 
11,998 
3U,95i 
20,631 

324,136 



Rcctipts — 
From piissotigors 

Freight » 

£xpr«ii. '• 

MMlfl,ete. 



Inoomb Account for the Year En'iuno 30th April, 1859. 

Dishuraem-enla — 



•27,146 
• 32,761 
. 1,000 
■ 2,»ti7 



Total. 



••63,674 i 



K«[iiiire( of rotkd^ etc. 

Bcpftiracr rulliDj^ atock : '• 

i^iibn«8, wages nnd oBfioe expeniof 

Wood, ail, etc 

IncoEDQ over oxpeiiBea .,..,,, 



Totnl* 




NEW HAMPSHIRE-WHITE MOUNTAINS. 63 

General Ledger Balance SheeT) 1st Mat, 1859. 



Cr, 

SbftnCauUl $500,000 

Funded Debt 750,000 

Coapona oopaid 253,041 

Floating DebL 9,476 



Total $1,512,516 



Dr. 

Road and equipment $1,250,000 

Profit and loss 262,516 



Totol $1,512,516 



Cost, Earnings, Expenses, etc., Yearly. 

Mile- 4 Gross Earnings » Ex- Earnings. r-Dir.- 

Tear. Cost age. Pass'ger. Freight Mails. Total, penses. less exp. 

1849 $673,501 24.68 $6,000 $7,500 $501 $14,001* $10,904 $3,097 nU. 

1850 930,063 24.68 24,489 29,463 1,750 55,702t 26,334 29,368 " 

1851 1,170,359 24.68 26,592 22,750 3,175 62,517 51,139 21,378 '« 

1852 1,193,254 26.20 29,331 24,903 6,977 60,211 29,536 30,625 " 

1853 1,250,000 25.20 29,902 30,814 2855 63,571 44,308 19,263 " 

1854 1,250 000 25.20 33,004 33,783 3,539 70,326 45,177 25,149 <* 

1865 1,260,000 26.20 36,490 41,359 2,838 80,737 67,347 23,390 « 

1856 1,260,000 25.20 33,691 38,439 3,116 75,246 66,195 19,051 " 

1867 1,250,000 25.20 32,349 34.672 3,084 70,105 62,149 17,956 *« 

1668 1,260,000 25.20 28,395 30,215 3,342 61,952 47,767 14,185 •» 

1859 1,250,000 26.20 27,146 32,761 3,967 63,874 43,976 19,898 " 

11 jean. $12,717,177 27664 307,389 326,659 34,194 668,242 444,882 223,360 *^ 

An. are*. 1,166,107 25.06 27,926 29,706 3,103 60,740 40,444 20,296 " 



WHITE MOUNTAINS RAILROAD. 
{Financial year ending ^Ist Jan,^ 1859.) 



Board of Directors and Officers, 1859-60. 

£. J. M. Hale HaverhiU, Mass. I Frank J. Eastman Littleton^ N.H. 

Geoi^geMinot Om^vrd, N.H. | Cephas Brackett '< '« 

Benjamin T. Reed, President Boston, Mass. 

Qeorok Minot, Treasurer Concord, N.H. 

Prikcipal Office Concord, Merrimac Co,^ N.H. 



Lenoth of Road — ^Bath June, on the B. Con. k M. RR., to Littleton.. .20.78 mileb. 



The White Mountains Railroad Company was chartered on the 24th Dec, 
1848, The construction of the road was commenced in the fall of 1851, and 
completed in August, 1853. On the 1st March, 1853, the Company issued 
Six per Cent Mortgage Bonds to the amount of $180,000, payable in ten 
years. The Company being in default on its interest from Sept., 1854, a 
special act was passed in June, 1858, for the relief of the creditors of the 
Company, and on the 3d Nov. of the same year the road was sold for the 
nominal sum of $24,000. Bondholders to the amount of $160,300 united in 
the purchase, and formed themselves into a new company with a capital of 
$200,000. This Company, on the 1st Feb., 1859, leased the road to the 
Boston, Concord and Montreal Company, for five years, at an annual rental 
of $10|000. The new company owe no debts. 

* lUiwIp l i , tie., from 6th Feh. to Ist Jane, 1849, 3| months, t Raoeipta, etc., from Ist June, 
1810^ l»8d7April, 1860, 11 months. ^^ ^ 



64 NEW HAMPSHIRE— WILTON. 

Cost of Road, Earnings, Expenses, etc., Yearly. 



Year. 


Co«tof 
Boad, Ae. 


Miles, 
of Road. 


Passen'r. 


-Gross Earnings 

Freight MailB,eto. 


» Operating Eamg*s,^ 

Total, expenses, less exp. 


p. c. 


1854.. 
1855.. 
1856.. 
1857.. 
1858.. 
1859.. 


.. $347,470 
.. 371,037 
.. 371,037 
.. 371,037 
.. 371,037 
.. 371,037 


20.78 
20.78 
20.78 
20.78 
20.78 
20.78 


$4,127 
11,237 
7,132 
6,719 
6,393 
5.185 


$6,933 
22,124 
14,217 
12,712 
13,041 
9,281 


$982 
1,211 
998 
1,329 
1,550 
1,162 


$12,042» $4,743 
34,572t 11,732 
22,347$ 15,912 
20,760t 18,790 
20,984$ 19,698 
15,628$ 10,449 


$7,299 
22,840 
6,435 
1,970 
1,286 
5,179 


a 
u 
tc 
(i 
(t 




$2,202,655 


12,468 


40,793 


63,308 


7,232 


126,333 81,324 


45,009 


(1 


Average. 367,109 


20-78 


6,798 


11,284 


1,203 


21,052 13,554 


7,499 


ti 



WILTON RAILROAD. 
(Financial year ending 31s^ March, 1859.) 



Board of Directors and Officers, 1859-00. 

Joseph Greeley Nashua, N.H. I William Ramsdell Milford, N.H. 

John Reed " " | A. Wliittemore Bennington, " 

0. C. BouTWELL, President Nashua, N. H. 

George Stare, Managing Agent Boston, Mass. 

J. B. WiNSLow, Superintendent " ** 

Principal Office Nashua, HilUhoro^ Co., N.H. 

Length of Road — Nashua to East Wilton 15.43 miles. 



The Wilton Railroad Company was chartered oa the 28th Dec, 1844, and 
authorized to construct a road from Nashua to East Wilton and Marlow. 
The construction of the road was commenced in the spring of 1847. It was 
opened to Danforth's Corners, 8i miles, on the 1st Nk)v., 1848 ; to Milford, 
llj miles, in 1860, and to East Wilton, 16i miles, in 1851. The road has 
been operated by the Nashua and Lowell Company since its completion. By 
agreement made on the Ist April, 1854, the Nashua and Lowell Company 
contracted to run the Wilton road, paying therefor, annually, 6 per cent on 
the capital invested, $227,000, so long as the business of tne Nashua 
and Lowell road should yield 9 per cent, on a capital of $600,000. The 
lease has been renewed for a series of years upon similar terms. This road, 
and the Boston and Lowell, and Nashua and Lowell are now operated as one 
line. — (See Nashua and Lowell EE. of Mass.) 

Share Capital— Authorized, $500,000, in 5,000 $100 shares. 
Paid in, $211,600, in 2,110 $100 shares. 



EoNDED Debt — 1st Mortgage, 6 per cent, bonds .$14,000 

— dated Ist Dec. 1852, and payable, principal in 10 years; interest semi- 
annually, Ist June and 1st Dec. Of this issue $9,000 have been taken up, 
and appear in the General Ledger, as " Sinking Fund." 

Cost op Boad, etc. — $226,980 : stated as follows — 

Road-bed and saperatructure.. $21 8,990 | Depot buildings.. 98,000 

* 6 months' operations to let Feb., 1854. t 15 months' operations to 30th April, 1855. | 12 
months' operations from Ist May to 30th April, i 9 months' operations from 1st May, 1358, 
to 3l8t Jan., 1869. 



NEW HAMPSHIRE- WORCESTER AND NASHUA. ^3 

The iaeomc of the road the past year, under tlie lease, was $18,035, out of 
which two dividends of 3 per cent, each were paid. 



General Ledger Balance Sheet, 1st April, 1859. 
Or. 

Capital stock $2 1 1 ,000 

Bonda dae Dec.. 1862 5,000 

Sinking Fnnd (bonds redeemed) 9,000 

Diridend No. 21. 6,330 

Unclaimed dividends and interest •• •• 859 

Contingent Fund 3,241 



Dr. 

Roadway $218,960 

Depot buildings. 8,000 

Cash on hand 8,450 



Total $235,430 



Total $235,430 



Cost, Earnings, Expenses, etc.. Yearly. 

Cost of Road, Miles of Total Operating Earnings, 

Year. etc. Road. Earnings. expenses. loss exp. 

1849 $118,722 880 $13,130» $8,282 $4,848 

1^ 1-30,637 8 50 17,083t 6,579 10,603 

1861 169,257 11.80 17,747 8,030 9,717 

1K2 220,233 15.43 21,137 9,317 11,820 

1853 229,435 15.43 25,599 9,540 16,059 

1654 231,362 15.43 16,408 •.•• 16,408 

1355 228,187 1543 13,197 .... 13,197- 

1856 227,979 15.43 14,065 .... 14,065 

1867 226,979 15.43 14,526 .... 14,526 

1858 226,979 1543 16,278 .... 16,278 

1859 226,979 15.43 18,035 .... 18,035 

$2^226,749 1,524 $145,456 

Arerage 205,432 13.8 13,223 



4 — Dividends — » 




p. 0. 


$3,856 


3 


9,160 


6 


10,466 


6 


10,466 


6 


12,660 


6 


13,660 


6 


11,605 


5* 


11,605 


H 


12,660 


6 


13,716 


6i 


12,660 


6 


$122,533 




11,230 


5.7 



WOECESTER AND NASHUA EAILROAD. 



LixE OF Road — (in New Hampshire,) from Nashua to State Line 6^ miles. 



The Worcester and Nashua Railroad within New Hampshire was chartered 
in 1845, under the title of the Nashua and Groton Railroad Company, with 
authority to construct a railroad from Nashua to the State Line, there to 
connect with the Worcester and Nashua Railroad of Massachusetts, and to 
consolidate with the same. This was effected in Nov., 1846; the title of the 
Massachusetts company being adopted for the consolidated line. The road 
was fully opened in Doc, 1848. No separate organization is maintained in 
New Hampshire. — (See Nashua and Worcester RR. of Mass.) 



« Year ending March Ist, 1919. t Year ending March 1st, 1850 

9 



LAWS OP THE STATE IN REFERENCE TO RAILROADS. 



List of all the Kailroad Companies chartered in the State of New Hamp- 
shire, with the dates of the Acts of their incorporation ; and also Ihe dates 
and abstracts of all laws passed by the Legislature in reference thereto. 

The asterisk [*] prexfied signifies that the work ot conatruction has not been commenced. 



Corporate Titles. 



Date. 



Abstract of Laws. 



*A»MONoosuc Valley* 
ASHUELOT 



Atlantic A St. Lawbeitcb* 

i( « , 

Boston & Maine 



Boston, Concord A Montreal* 



Cheshire* 



•Claremont- 
cochkcho- ' 



•Cole BROOK- 
Concord* •• 



Concord A Clare mont- 



•Concord Granite 

Concord A> Portsmouth* 



•Connecticut River A Montreal* 
Connecticut Riyer 



♦Conway A Meredith* 



July 14, 1856 
Dec. 27, 1844 

July 10, 1846 

Jane 23, 1848 

June 21, 1848 

July 12, 1850 

July 12, 1850 

July— 1847 

July 14, 1854 

July 15, 1854 

June 27, 1835 

June 28, 1838 

July 2, 1841 

July 2, 1845 

Dec. 7, 1844 

July 1, 1845 

June 22, 1847 

July 13, 1850 
July 4, 1851 
July 12, 1856 
Dec. 27, 1844 
July 1, 1845 
July 2, 1847 
July 12, 1853 
June 12, 1859 
July 14, 1854 
July 2, 1847 
July 4, 1851 
July 13, 1855 
Dec. 27, 1844 
June 27, 1835 
July 5, 1839 
Dec. 23, 1840 

June 30, 1843 
Jtlne24, 1848 
July 13, ^850 
July 13, 1850 
July 4, 1851 
July 8, 1853 

Deo. 28, 1836 
July 14, 1855 
July 14, 1656 
June 27, 1859 
Jan. 3, 1849 
Jan. 20, 1848 

July 3, 1649 
Dec. 29, 184S 
July 2, 1847 



Act of incorporation. 

Act of incorporation — may consolidate with 
Vermont and Mass RR. Co. 

Act of incorporation. 

Amends act of incorporation. 

Amendatory to act of incorporation. 

Amends act of incorporation. 

Establishes route of road. 

Constitutes Co. a corporation within N. Iliimp 

Confirms lease to Grand Trunk Company. 

May build side tracks. 

Act of incorporation. 

Additional to act of incorpomtion. 

May unite with roads in Mass. and Maiino. 

May unite with B. A M. Extension in Mass 

Act of incorporation. 

Any corporation in State may subscribe. 

Concord to be the place for filing and re- 
cording lists, transfers and assignments. 

Authorizes issue of bonds. 

Authorizes issue of preferred stock. 

Provides for the payment of debts. 

Act of incorporation. 

May unite with the Winchendon R^lrood. 

Amends act of incorporation. 

Domicile of company established. 

Authorizes an issue of bonds. 

Act of incorporation. 

Act of incorporation. 

Authorizes issue of bonds. 

Extends time fyr completion of road. 

Act of incorporation. 

Act of incorporation. 

Allows a term of 2 years for filing location. 

Explanatory of an act relating to railroads, 
etc., passed June 20, 1840. 

Amends act of incorporation. 

Act of incorporation. 

In reference to issue of bonds. 

Authorizes an increase of capital. 

Authorizes issue of bonds. 

Authorizes consolidation into Merrimac and 
Connecticut River RR. 

Act of incorporation. 

Act of incorporation. 

Prescribes amount of capital stock. 

Authorized to construct branch. 

Act of incorporation. 

Act of incorporation —may connect with 
Cheshire Railroad. 

Amends act of incorpomtion. 

May lease or run any connecting road. 

Act of incorporation. 

6G 



NEW IIAMP311IEE-RAILR0AD LAWS. 



Corporate Titles. 
CoNTOOcooK Valley 

tt (4 , 

tt t( 

CoNTOocooK River 

II u 

•I>OTER it Will NIPI8E0OBE 

Eastern 

u >. 

•East Wiltoh A Groton 

*ES:9BX EXTENSlOJr 

*Fitchbdro, Krene k Conn. River 

Fbankun a Bristol 

it i( 

•Grafton 

Great Falls A Socth Berwick* •• 
GnEAT Falls A Conway 

U t( il 

U U 11 

M U 1( 

U II II 

U It II 

U 11 ii ..,..,..,, 

U II II 

Ii tt 11 

U tt II 

U U II , . , 

Oroton a Nashua 

U II , 

•GoFrsTOWN A Manchester 

•Kkene 

•Manchester A Candia 

U l» 

11 II 

U 11 

Kancrestbb a Lawrence 

U II ....... 

II M 

Merrihac a Connecticut River •• 

•monadnock 

•Nashua A Bppinq 

a II ,,,... 

u II 

Kaihua a Lowell 

u u ,, 

New Hampshire Central 

It tt 

U II 

U II 

•Nr.w Hampshire Union 

NOKTHKRN 

II 

PRTBRBOBOUaH A SrIRLEY 

u It , 

M II 

'Piscataqcoo River 

"PirrsFiELD A Concord 

*hnLAm A Coniihcticut River* • 



Date, 



AI>strMtof L»wi, 



Junta 24^ 
July 4, 

July I'A 
Julj 12, 
June 2-1, 
July 2, 
June IB, 
JulT 2, 
June 19, 
June 29, 



J11I7 ID, 

J||.]Q 3, 
Jan, W, 

JiiS3' 8, 
Jan, l,, 
J»l/ 2, 
July 3, 

JuDfl 19, 

July 2, 
July 2, 
Deu. 30, 

Juno 27, 
July 4, 
July 12, 
July U, 

Due- 29, 

JUQC' ^0, 

June 30, 
July H, 
Dee. 24, 
Junn 26^ 

^"'J^ 3 

June 27, 
Juty 6, 
Jnn. 5, 
July IB, 

June 29, 

J DUE 30, 

Jan 8, 
July 14, 
Jiin. 8, 

Dec. 13, 
Dfic. 29, 
Juno 30, 
July 2, 
Juue 23, 
JtiD« 26, 
JaDe 24, 
July 6, 
JuD. 8, 

Jiinp26, 
July 2, 
Jnue 19, 
Dec. 27, 

July a, 

Jun. 6, 
June 26, 
Jfin. 3, 
July 2, 
Jun. e, 
July 2, 



164S 

la-^i 

lanf^fi 

ieri9 

1939 
IB3(> 
1^39 
1840 
1841 



1S46 
J 849 
I&14 

1^46 
iB19 
1@47 
1841 
1344 
134B 
1R47 
1S49 

1849 
1B5U 

msi 
leai 

1852 
1853 
1855 
1655 
1S44 
1845 
1847 

imB 

1849 
1853 
lti54 

1859 
1847 
1853 

imb 

1SS3 

1B48 
1843 
1853 
185:1 
1636 
1838 
1848 
1349 
!B5i 

1859 
1&51 
1B44 
1944 
IB46 

les;} 

1858 
1849 
IFIjI 
1>&3 
18^9 



Apt of JntMrporation. 

AutborUci« L^uo of bonds, 

Act for rGliuf tif cfedilort. 

Act f>f tDcorpLirAiiuii. 

Authnrieoa Uie exocutbo of m mdrtgEge, 

Act of iiii^or|K)mUon, 

Act pf Ineorporatiun. 

Miiy liSiMe road, etc, 

AmeDdf A«t. of irnHirr>f>riiUoii« 

Mny oontrEct with Portoftuiantb Bridge Co* 

for ftcoafiecilon with Fortland, S«ob sod 

Port#moatb ER 
Act of incorpomtLon. 
Act of incflrpo ration. 
Act of incorpt^fntion. 
Act of iDcror^irijr&tion. 
May unite with Norttem RR. Compaiij, 
Act of incorponitioD. 
May tindge gulmott Falli RJvcr, eta. 
Act of ineorporation. 
A 1 1^1^ iKiiithcrn teruiinus. 
Extendi* limo. 
Mny eoTi^tUikte witfa GL FaIIs and South 

liurwiek, llR Cum putty. 
KxtenDits tune for cumpLetidQ. 
Authoriteji art is^ue of bonJj. 
DmuiiMle of CotiipiUiy est4b!isli«d. 
Authori£o» mAnufjLi!turing coiup^niei to sab- 

acdbe cApiUil, 
Limit4$ number of DirectovL 
Ami^udp aot of 1S4B. 
A utho risers an issue of bonds. 
AutburUos ni) ijn^e of bDnJa. 
Act of ineorpomtion. 
May unit^ with Wt^r. t Niubua RR Cb. 
Act of itieoTpqration. 
Act of iii(y>r|[iomtkj|]c 
,^tt of ineur|H>ni,tiuii' 
£lxt«:tidif tknc for compl&tuin of road. 
NiH ti| cc»a]mG!nci3 irork imtil three*foUTtli4 

eaptLal la gub^crlbed^ 
Kje tends time for commencing work. 
Act of inwriHinition- 
May incren^c ciipitnl itook. 
Authoriioi istu& of preferred Ftock. 
Concord A Cliiremoiit A New Uamp^hirt 

Cctitml nmyeonj^olidute into one compauf - 
Aqi of inc'orfKjration. 
AdPof me<)r|K>rfttioo, 
Amende »ct of incorpomtion. 
Ammidii net of jucofpnration. 
Act (if iQcurporatiou. 

May unite with N, A L. of MaaimeliujettA. 
Act of incorjHiration, 
Amondqi net ^( inr,'t»r{ior]iticifi 
Authorites coupon dnt ion into IfeTTimac A- 

Connecticut Hii^ere lUL CampAny. 
Act for relief of credltora. 
Aet of ineoriHfmtion. 
Act of incortHirationr 
Act of incorpopition (2d)i 
Aelof inci;(rpuratiun. 
AutboriEefi an incrcii&e of enpttnl. 
Act for relief of creditors- 
Act of incorjxiriilirjn. 
Act of incorfj^iraUlun. 
A mendt *i*'l of incor{iofiitioii- 
Actof iscorporatiun. 



(jS 



XCW HAMPSHIRE— RAILROAD LAWS. 



Corporate Titles. 
Portsmouth A Concord 

(i it , 

II (( , 

11 .( , 

" " ........ 

u u 

I( (( , 

« u 

il (( , 

(I i( 

II It 

•Portsmouth & I>over 

(t 11 

K 11 

U (I 

II (I 

•Portsmouth & Great Falls • • • • 

. *Port8mouth, N. Market A Exeter 
•Salisbury A East Kingston •• • • 
t( 11 .... 

•Salisbury A East Kingston Bxt 

•Sugar River 

•SuNCooK Valley 

•Sun cook Valley Extension 

Sullivan 

11 

Wilton 

II , 

II , , 

White Mountains 

11 u , 

White Mountains op N. H 

Worcester A Nashua 



Date. 



Abstract of Laws. 



July I, IS45 



July 


2, 


1846 


July 10, 


1846 


June 23, 


1848 


Jan. 


3, 


1849 


July 12, 


1850 


July 


13, 


1850 


July 


2, 


1851 


Jaii. 


8, 


1853 


Jan. 


27 


1854 


July 


H, 


1855 


Dec. 


21, 


1842 


Dec. 


27 


1844 


Dec. 


29 


1848 


Jan. 


8 


1853 


June 29, 


1856 


July 


12, 


1850 


July 


1, 


1845 


July 


10, 


1646 


June 23, 


1848 


July 


6, 


1849 


July 


H, 


1855 


Jan. 


4, 


1849 


July 


6, 


1649 


July 


10, 


1846 


June 30, 


1847 


July 


11, 


1850 


July 14, 


1855 


July 


14, 


1855 


Dec. 


28, 


1844 


Dec. 


28, 


1845 


July 


12, 


1650 


Dec. 


17 


1852 


July 


15 


1854 


Dec. 


24, 


1848 


Juno 


27 


1857 


June 


27 


1859 


July 


14 


1855 



Act of incorporation under title of Ports- 
mouth, Newmarket and Exeter. 

Any RR. company may subscribe to capital. 

May construct a line to Hooksett and a junc- 
tion with the Concord Railroad. 

May construct a branch to Manchester. 

Any RR. company may loan money to. 

Extends time for completion of road. 

Authorizes an issue of bonds. 

Amends, act of incorporation. 

Authorizes an issue of preferred stock. 

Authorizes branch in Portsmouth. 

New Company formed under title of Con- 
cord A Portsmouth. 

Act of incorporatioe. 

May deviate from location, etc. 

Amends and continues act of incorporation. 

Amends and continues act of incorporation. 

Extends time for taking stock. 

Authorizes Manufacturing Companies to sub- 
scribe to its capital stock. 

Act of incorporation 

Act of incorporation. 

Continues act of incorporation. 

Act of incorporation. 

Act of incorporation. 

Act of incorporation. 

Act of incorporation. 

Act of incorporation. 

May branch to Claremont and Charlestown. 

Amends act of incorporation. 

Authorizes Trustees to take possession. 

Authorizes an iyue of preferred stock. 

Act to incorporate. 

Subjects the Company to Revised Statutes. 

Authorizes change of route. 

Limits number of Directors. 

Extends time for completion of road. 

Act of incorporation. 

Act for the relief of creditors. 

Act of incorporation. 

In reference to consolidation with the Gro- 
ton & Nashua Company. 



STATE OF VERMONT. 



Atlantic and St. Lawrence. 
Connecticut and Passumpsic Rivers. 
Rutland and Burlington. 
Rutland and Washington. 
Rutland and Whitehall. 
Southern Vermont. 



Vermont and Canada. 
Vermont Central. 
Vermont and Massachusetts. 
Vermont Valley. 
Western Vermont. 



The railroad first constructed in the State of Vermont was the Vermont 
Central, chartered in 1843. Its construction was commenced in the latter 
part of the same year, and the road opened in 1848 as far as Northfield, a 
distance of fifty-three miles. It was finally completed on the 13th February, 
1849. It has proved one of the most disastrous enterprises ever undertaken 
in this country, having for the past six yeare failed to pay anything to its 
stockholders or bondholdei^s. An apparent cause of embarrassment has 
been the lease of the Vermont Central Railroad, which was entered into in 
1849, and which created a lien on the Central for the payment of the stipu- 
lated rent of the leased road, which was eight per cent, on its cost. This 
rent was paid up to June, 1854, since w^ich the earnings of the road have 
only suflced to pay the cost of its maintenance, and current expenses. The 
road in the meantime has earned annually $4,000 per mile, a sum sufficient, 
with competent management, to have paid the rent of the leased road and 
the interest on the first mortgage bonds. Several causes have operated to 
render it unproductive. It has been managed for the greater part of the 
time by parties who had little or no pecuniary interest in the result of its 
working. The number and speed of its trains have been much greater than 
the business of the road called for, while competition with other lines has 
left little or no profit on its through traffic. The respective rights of the two 
companies under the lease have been made a matter of legal controversy, 
which is yet unsettled. 

In 1848, portions of two oihor lines — the Connecticut and Passumpsic 
Rivers, 39.87 miles, and the Vermont and Massachusetts, 10.50 miles— were 
opened. The latter of these is described among the railroads of Massa- 
chusetts. The Connecticut and Passumpsic Kivers has since been extended 
to Barton, a distance of 90 miles from its southern terminus. It has not 
been productive, though less unfortunate than the other leading roads of 
the State. It has paid the interest on its debts, and dividends, averaging 2 
per cent annually. It is the aim of the Company to extend its road noilh- 

ward, so as to connect it with the public works of Canada. 

C9 



iO STATE OF VERMONT. 

In 1849, 44.87 miles of railroad were opened— the Vermont Central was 
extended 10 miles, and the Connecticut and Passumpsic Rivers, 19.87 miles • 
the Rutland and Burlington was opened 14 miles. The latter road was 
extended to Lake Champlain in 1850. It has been unproductive, payino- 
nothing to its stockholders, and no portion of the interest accruing on its 
bonds since 1st August, 1854. The same causes have operated, that did with 
the Central, to render this road unproductive. It has been in the hands 
of trustees under the mortgages since 20th November, 1853. 

In 1850, 216.93 miles were opened, viz : the Vermont Central was extended 
to Burlington and to Bellows Falls, 56 miles ; the Rutland and Burlington 
to Burlington, 105.54 miles. The Vermont and Canada, 47 miles, and the 
Rutland and Whitehall, 8.39 miles, were opened for their entire lengths. 
The last named has been leased to and operated by the Saratoga and Wash- 
ington Railroad at an annual rental of 7 per cent, on cost to 1854, when the 
rate was reduced to 6 per cent 

In 1851, 64.70 miles were opened : the Vermont Valley for its whole length, 
23.70 miles, and the Western Vermont, 41 miles. Both roads have been 
almost entirely unproductive, the Vermont earning on an average only about 
$10,000 above expenses. The coupons on the 1st mortgage falling due since 
October, 1856, remiMn unpaid. Proceedings are now in pi-ogress for the 
foreclosure of this mortgage. The Western Vermont road has been fore- 
closed under its 1st mortgage, and is now owned by the bondholders secured 
by it, who have leased the road to the Troy and Boston Railroad Company, 
for 10 years from the 16th January, 1857, at an annual rental of $36,000. 

In 1852, 57.73 miles were opened, viz: the Western Vermont was 
extended 13 miles. The Rutland and Washington opened for its entire 
length 44.73 miles. This road has been unproductive, and has been in the 
hands of trustees under the mortgages for nearly the whole period since its 
completion, and has probably only earned running expenses. The mortgage 
created in 1855 was for paying off the bonds previously issued, and tlie 
floating debt of the Company. The exchanges contemplated have only 
been partially consummated, the rights of the several classes of creditors 
having been made a subject of litigation, which is still pending. 

In 1853, the Atlantic and St. Lawrence Railroad was opened to Island 
Pond, 16 miles. In 1854 this road was extended to the boundary line of the 
State, 17 miles further. 

In 1855, the Western Vermont Railroad was extended 5 J miles. 

In 1858, the Connecticut and Passumpsic Railroad was extended to Bar- 
ton, 29.26 miles. In 1859, the Southern Vermont Railroad, 8 miles, was 
opened. This road has been purchased by the Troy and Greenfield Railroad 
Company for the sum of §200,000. 



STITE of VERMONT, 



71 



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RAILROADS OF THE STATE IN DETAIL. 



ATLANTIC AND ST. LAWRENCE RAILROAD. 



Length of Road — In Vermont 35 miles. 



The Atlantic and St, Lawrence Railroad Company in Vermont was chartered 
on the 27th October, 1848. By this act the corporation established by the 
Legislature of Maine, on the TOth February, 1845, and of New Hampshire, 
on the 30th June, 184t, was constituted a corporation within this State, and 
authorized to extend its road from the western line of New Hampshire 
through the northeastern part of Vermont to the boundary of Canada, there 
to connect with the St. Lawrence and Atlantic Railroad extending from 
^lontreal to the said boundary line. That portion of the line from New 
Hampshire to Island Pond (See Maine) was constructed by the Atlantic 
and St. liawrence Company, but that portion west of the said point by the 
Grand Trunk Railway Company of Canada, {which see)^ under special agree- 
ment with the former. The first section was opened for public use in 1853, 
and the latter in 1854. The whole is now operated under lease by the 
Canada Company for a period of 999 years from 1853. 



CONNECTICUT AND PASSUMPSIC RIVERS RAILROAD. 
(Financial year ending 31«< May^ 1859.) 

Board of Directors and Officers, 1860 



Josiab Stickney ; . . . . Boston^ Mass. 

Erastus Fairbanks St, John^mry^ Vt. 

E. Cleveland Coventry^ " 

William Thomas Boston^ Mass. 

Emmons Raymond *' " 

B.P.Cheny " " 

John Gilman Slanstead, Can. 



Albert Knight Slamtmd^ Can. 

E. B. Chase Lyndon, Vt. 

Benj. Pomeroy Compton, Can. 

Uriah Crocker Boston, Mass. 

Thomas Upham " « 

T. B. Williams « « 

Charles IL Brown " « 



Henry Keyes, President Newbury, Vt. 

N. P. LovERiNO, Treasurer .• " " 

George A. Merrill, Superintendent St. Johnsbury, " 

Principal Office St. Johnsbury, Caledonia ComUy, Vt, 

Length of Road — White River Junction to Canada Line 110 miles. 

Completed from White River Junction to Barton. ... 90 " 

Rolling Stock — Locomotive Engines 8 

Cars — passenger, 8 ; baggage, express, and mail, 5 ; freight, etc.,15G 169. 

The Connecticut and Passumpsic Rivers Railroad Company was chartered on 
the 10th November, 1835, with an authorized capital of $2,000,000, and 
power to increase the same to $3,000,000. In 1843 the charter was revived 
and the Company organized on the 15th January, 1846. The work was 
commenced in the fall of 1846, and on the 10th October, 1848, the road was 
opened for use from White Kiver Junction to Bradford, 28 miles; and on 
9th November to Wells River Village, 40 miles. In November, 1850, an 
additional section of 20J miles to St. Johiis])ury was opened, northerly, and 
on the 21st October, 1858, the road was extended to Barton, the present ter- 
minus. The northern section, a length of 20 miles, is now in coui'se of 

72 



VERMONT-CONNECTICUT AND PASSUMPSIC. 



73 



construction, by which it is proposed to connect with the Stanstead, Shefford 
and Charably Kailroad in Canada, which has already been partially opened. 

Share Capital— Authorized, $3,000,000, in 30,000 $100 shares. 
Paid in, - $1,200,000, in 12,000 " 

Funded Debt— $800,000 : described as follows — 

ht Mort^age^ 6 per cent, Sinking Fund^ coupon bonds $800,000 

—dated IstDecember, 1856, and payable, principal in 20 years, and coupons 
eemi-annually, 1st December and 1st June, at Boston. 

These bonds were issued to retire the original 1st and 2d Mortgap:e bonds 
Ming due in 1856, '57, '58 and '59, and which were secured on the road 
pouth of St. Johnsbury. The present issue is secured on the whole line. 
For their payment, on maturity, an amount equal to 2 per cent, of the funded 
debt, or $16,000, is annually set aside from the net earaings of the road, and 
placed in the hands of Trustees, to be invested in these bonds so far as they 
can be purchased at or below par, or otherwise in undoubted productive 
funds. 

Cost of Koad and Equipment — $2,531,146: in detail as follows — 

•655,939 Engineering $28,548 

• 185,252 Locomotives nnd snow-ploughs 71,329 

• 467,055 Pa««engor nnd baggage cars 4U,598 

. 57,347 Freight nnd other cars : 73,495 

• 109,490 Expended on extension 842,093 



Graduation and masonry- 

Bridges •' 

Saperstrncture, including iron • • 
Stations, buildings and fixtures- • 
Laud, land-damages and fences - 



Income Account for the Year kxding 31st May, 1859. 



ReceipU — 

Paoenger traffio 870,744 

Freight " 110,596 

Other aourcei 10,782 



Total. 



• t 192,122 



Disbursements — 
Maintaining roadway • 
Repairs of machinery* 
Operating expenses •• • 

General expenses 

Interest 

Surplus income ••••• •• 



TotAl . 



. 821,507 

. 35,287 

. 53,328 

. 23,497 

. 48,000 

* 10,503 

.8 192,122 



General Ledger Balance Sueet, 1st June, 1859. 

Dr. 

Cost of constmction 82,345,724 

Coat of equipment 185,422 

Materials on hand 47,146 



Total. 



.8 2,578,292 



Share <!apital • • * 
Funded debt. • • • 
Surplus income- 
Balance. 



Cr. 

81,200,000 

800,000 

50,000 

528,292 



Total 8 2,578,292 



Tear. 

1849.. • 

1850.. • 

1851... 

1852... 

1853... 

liS4... 

1^... 

1656... 

1857... 

1858... 

1859..' 



Cortof 
Road, etc. 
1,111,867 
1,323,039 
1,701,686 
1,747,167 
1,760,604 
1,780,062 
1,784,600 
1,784,146 
1,784,146 
2,531.146 
2,531,146 



Cost, Earnings, Expenses, 

Mile- / Gross Earnings 

age. Pass'gers. Freight. Mails. 
40.03 25,110 32,211 - -- 

53,876 
80,374 
75,243 
86,085 
87,22H 



40.03 


54,431 


6067 


64,101 


6067 


70,445 


6067 


72,150 


6067 


68,218 


6067 


72,076 


6067 


69,700 


6067 


68,372 


9000 


67,522 


90.00 


70,744 



102,846 
97.127 

100,011 
94.747 

110,596 



4,327 
5,108 
6,297 
6,487 
7,241 
7,473 
7,481 
7.453 
9,356 
10,782 



ETC., Yearly. 

' • s Operating 

Total. Sxpenses. 

57,321 23,761 



112,634 
149,583 
151,995 
164,722 



50,920 
65,458 
77,009 
90,636 



162.687 107,114 

182,395 108,732 

174,308 98,125 

175,836 104,530 

171.625 102,153 

192,122 133.619 



Earnings, t — Div. — » 

less exp. 8 p. c. 

33,560 nU, nil. 

61,714 127,492 12* 

84,125 63,746 2 

74,986 19,692 2 

74,086 19,092 2 

55,573 nil. nU. 

73,663 " " 

76,183 " " 

71,306 " » 

69,472 " " 

58,503 " " 



llY'n. 19,839.609 684.75 702,879 920,344 72,003 1,695,228 962.057 733,171 
ATorage 1,603,601 62.25 63,898 63,668 6,546 154,112 87,400 66.652 

* Kine per cent of tbii in stock at par 



230,622 
10,966 2 



74 VERMONT— RUTLAND AND BURLINGTON. 

KUTLAND AND BURLINGTON RAILROAD. , 

(Financial year ending Zltit August, 1859.) • 

Board of Directors and Officers, 1859-60. 



Harrison Fay Boston^ Mass. 

H. E. Stoughton " " 

Jobii A. Cunant BnrlingUm, Vt. 



D. A. Smalley Barlington, Tt, 

T. B. Bowdish " « 

E. A. Cliapin Rutland, 



Thomas Thacher, President Boston, Mass. 

G. B. Gibbons, Treasurer Rutland, Vt. 

E. A. Chapin, Superintendent " " 

Trustees under 1st Mortgage James Cheever and Samuel Henshaw. 

" " 2d ** Samuel Henshaw and Thomas Thacher. 

Principal Office Rutland, Rutland Co., Vt. 

Length of Road — Bellows Falls to Burlington 119.54 miles. 

No second track. Sidings, turnouts, etc., about 16 miles. 

Rolling Stock — Locomotive Engines 26 

Cars : — Passenger, 1st class, 16 ; 2d class, 2 ; baggage, express 
and mail, 5 ; covered freight and cattle, 443 ; platform, 75 ; 
(all 8-wheel) — other freight, 12, and gravel, 20 573 

The Rutland and Burlington RaUroad Company was chartered under the title 
of the Champlain and Connecticut River Railroad Company on the Ist Nov., 
1843. The name of the Company was changed by a supplementary act 
passed on the 6th Nov., 1847. The capital was to be $1,000,000, to be in- 
creased to an amount sufficient to complete the road. Its construction was 
commenced in May, 1847. The first section of 14 miles from Bellows Falls 
to Chester was opened in June, 1849, and the whole road to Burlington at 
the close of the same year. In November, 1853, in consequence of the in- 
abihty of the Company to meet the interest on its mortgage bonds, the road 
passed into tlie hands of trustees, where it still remains. — {^ee accH. of trustees.) 

Share Capital — $2,233,376, in $100 shares, as follows — 
Eight per cent. Preferred Share-Capital $382,700 

The **8 per cent, shares" are a part of $600,000, issued in 1850. On these 
the interest was guaranteed by the Company for 10 years, and paid up to '53. 
Six per cent. Preferred Share- Capital. 8608,176 

The " 6 per cent, shares" wore created by vote of the stockholders, at a 
special meeting, in Dec, 1851. They were issued in exchange for equal 
amounts of the old stock and 6 per cent, bonds. Dividends paid up to 1853. 
Ordijiary Share-Capital $1,242,500 

Funded Debt— $3,139,900 : as follows— 

1st Mortgage, 7 per cent, coupon bonds $ 1 ,800,000 

— dated 1st Feb., 1851, and payable, principal 1st Feb., 1863, and coupons 
semi-annually, Ist Feb. and 1st August, at Boston. 

2d 3fortgage, 7 per cent, coupon bond^ $913,500 

— dated 1st Aug., 1853. and payable, principal Ist Feb., 1863, and coupons 
eemi-annujilly, Ist Feb. and 1st Aug., at the same place. 

Bd Mortgage^ 7 per cent, coupon bonds .$426,400 

— dated 1st Aug., 1854, and payable, principal 1st Feb., 1863, and coupons 
semi-annually, Ist Feb. and 1st Aug., at the same place. 

Provision was made in the 2d and 3d mortgages for an issue of $1,200,000 
under each. 



VERMONT— RUTLAIJD AND BURLINGTON. 



iO 



Floating Debt— $1,013,764: as follow 

8589,166 I Dividends 8 per cent, stock 

296,500 - 

23,900 

17,199 



Notes pajable. 0< 

Six per cent, bonds (old) • • 

Interest bonds 

Interest scrip 



88,332 

Dividends 6 per cent, stock 728 

Mortgage Bonds coupons 354 

Sundry accounts 77,585 



Cost of Road and Equipmen 



Grading And masonry. 

Superstraeture 

Lands, lund-damages, etc* 
Stations, buildings, etc- • • • 

Bridges 

Engineering 



$6,199,599 

•2,358,324 
949,745 
234,415 
238,652 
116,670 
91,901 



in detail as follows — 



Passenger, freight and other cars.- . • • $366,64 1 

Locomotives 175,164 

Tools 14,470 

Incidentals 393,098 

Interest 769,572 

Discounts. 590,945 



ReeeipU — 

Passengers 

Freight 

Mails, express, etc 



Income Account fob the Year ending 31st August, 1859. 

DisbursenurUs — 



8123,199 

197,974 

33,115 



Total. 



•3354,288 



Maintaining roadvray 885,524 

Repairs of machinery 63,891 

Operating expenses. 123,312 

Balance of net earnings. 81 ,561 

Total 8354,288 



Statement of the account of the Trustees with the road from 20th Nov., 
1853, to Sept Ist, 1859 : 

Total net earnings from 20th Not ,1853, Coupons No. 6, due 1st Feb , 1S54 863,000 

U> 3l8t Aug., 1858 8284,961 Coupons No. 7, duo 1st Aug., 1854 67,636 

Neteamings in 1858-9. 81,561 Materials, fuel, etc., on hand. 61 556 

Real estate 20|091 

Rolling stock, tools, etc. 45,233 

Cash on hand 44,922 

Due from connecting roads 74,174 

8366,522 



Total. 



•8366,522 Total 



General Ledger Balance Sheet, 1st Sept, 1859. 



Cr. 
Capital (shares) • 
Funded Debt... • 
Floating Debt.- 



Notes convertible into 3d Mortgage 
bonds. 



82,233,376 
3,145,001 
1,008,663 

6.101 



Total 46,392,141 



Construction 

Equipment ■ 

Incidentals - 

Interest 

Discounts. 

Vermont Valley Railroad Shares- • *• 

Northern Telegraph Shares. 

Real estate 

Steamboat and barges 

8 per cent. Preferred Stock 

Plattsburg and Montreal RR. shares 
Notes reoeit'able 



Dr. 

83,989,708 

656,276 

293,098 

769.572 

590.945 

6,750 

2,000 

34,174 

57,754 

40,000 

26,355 

25,509 



Total. 



•86,392,141 



Cost 
Year, of Road. 
1831. $4,343,441 
1852. 4,847,401 
6,477,466 
6,803,000 
6,188,600 
6,188,600 
6,188,600 
6.188,600 
6,188,600 



1953. 
lt(54. 
1%5. 
1866. 
1867. 
1^. 
1859. 



Cost, Earnings, Expenses, 

Mile-/ Gross Earnings 

age. Passengers. Freight. Mails, etc. 
120 8133,413 8127,756 816,242 
120 131,890 179,481 13,419 
120 



131,890 
181,133 
120 184,309 
120 184,309 
" * 217,972 
165,011 
122,641 
123,199 



120 
120 
120 
120 



851,414,308 1080 1,433,877 
Are. 6,712,700 120 169,320 



237,240 
202,235 
202,235 
247,116 
202,852 
183,090 
197,975 

1,779,980 
197,775 



77,024 
27,880 
27,880 
31,352 
24,761 
26,583 
33,114 

278,255 
30,917 



ETC., Yearly. 

Operating 
Expenses. 
8100,445 
197,735 
265,967 
338,522 
338.522 
446,929 
306,904 
290,528 
272,726 



Total. 
8277,411 
324,790 
495,397 
414,424 
414,424 
496,440 
382,624 
332,314 
354,388 

3,492,112 
388,012 



2,578,278 
286,475 



Not Div. 

Eaniingii. 

8176.9G6 wi7. 

127,055 " 

209,4;i0 " 

75.902 " 

75,902 " 

49,511 " 

75,720 " 

41,786 «' 

81.562 " 

913,834 " 

101,537 " 



76 VERMONT-RUTLAND AND WASHINGTON. 

RUTLAND AND WASHINGTON EAILROAD. 
(Financial year ending ^Ist Atigust^ 18591) 

Thomas II. Canfield, President Burlington, Vt. 

Frederick E. Woodbridge, Managing Trustee Rutland, " 

Trustees — G. Q. Bates, Boston, and A. J. Cowing, New York City. 

Principal Office *. Rutland, RtUland Co., V t. 

Length of Road — Rutland, Vt., to Salem, N.Y 44.73 miles. 

Second track, none. Sidings, turnouts, etc., 3.34 miles. 
Leased Road — Troy and Rutland, Eagle Bridge to Salem 17.27 miles. 

Rolling Stock — Locomotive engines 10 

Cars : — passenger, G ; baggage, express and mail, 2 ; freight, 198 206 

The Rutland and Washington Railroad Company was chartered on the 23d 
November, 1847. That section of the road in New York north of Salem 
was constructed under the charter of the Troy and Ruthmd Company. The 
line was completed on the 9th February, 1852. The Troy and Ruthmd 
Railroad (which see) is leased to this Company for the whole terra of its char- 
ter. The road lias been operated for several yeare by the trustees under the 
mortgages, the Company having failed to pay the interest on its bonded debt 
since 1853. The road was not run from April 1, 1855, to April 1, 185G. 
Since the road was opened it has not probably earned any thing more than 
running expenses. 

Share Capital — Authorized, $950,000, in 9,500 $100 shares. 
Paid in, - $950,000, in 9,500 $100 shares. 

Funded Debt — 

\st Mortgage^ 6 per cmt.y coupon bonds $1,000,000 

— dated 1st April, 1855, and payable, principal 1st April, 1875, and coupons 
semi-annually, Ist April and Ist October, at the Amer. Exchange Bank, in 
New York City. Issued for the purpose of retiring the old bonds and the 
payment of the floating debt. 

Cost of Road and Equipment — $1,771,683. No detail. 
This amount includes the cost of the Troy and Rutland in New York, 
about $350,000. The Company makes no reports, and no general statement 
can be given. 

Income Account for the Year ending 31st August, 1860. 



Receipts — 

Passenger earnings $60,761 

Freight " 102815 

Maii8,etc. " 9,250 



Total 8172,826 



Disbursements — 

Mainteniinee of roadway 846,817 

Repairs of machinery 29,162 

Openiting expenses 59.723 

Earnings less expenses 37,124 

Total 8172,626 



Cost, Earnings, Expenses, Etc, Yearly. 

Coat of Mile- * Gross Kami ngs » Operating Earnings, <—Di7.—x 

Year. Road. etc. oge. Pasd'r. Freight. Mail. Total. Exp. less exp. 8 p. c. 

1956(5mo)l,771,683 62.00 826,432 839,260 83.833 868,525 872,080 Loss. nU.niL 

18.57.. 1,771.683 62 00 67,615 9l,9R0 9,250 168.845 137,029 836,827 " '» 

1858.. 1,771,683 62.00 67.171 93,108 9,250 174,529 172.963 1,566 " « 

1859.. 1,771,633 62.00 60,761 102,815 9,250 172,826 135.703 37,123 " " 

4yrs.. 7,086,732 24800 8221,779 8331.163 831,580 8584,725 8512,764 875,516 " « 

Ave... 1,771,683 62.00 55,495 82,791 7,895 146,181 128,191 18,879 " •* 



VERMONT— VERMONT AND MASSACHUSETTS. 77 

EUTLAND AND WHITEHALL RAILROAD. 
(Financial year ending Hist August^ 1859.) 

Board of Directors and Officers, 1859-60. 

Benj. F. Langdon ( V,Pre8,). Castletan, Vt. I W. W. Cook JVIiitehall, N.Y. 

Wm. C. Kittredgc Fairhaveuj " | G. R. I. Bowdoin. . .New York City, " 

A. W. Uydt,, President Hydeville, Vt. 

W. C. KiTTREDOE, Treasurer Fairhaven, " 

Principal Office Fairhaven, Rutland Co., Vt. 

Length of Road — Main Line, Oastleton to State Line of New York. . . . 6.88 miles. 

Branch Line, to Hydeville 1.51 " 

Second track, none. Sidings, turnouts, etc., about 1 mile. 



Rolling Stock Supplied by the Saratoga and Whitehall Railroad. 



The Ruthnd and Whitehall Railroad Company was chartered in 1848, and the 
road was completed and opened for traffic in 1850. It had been previously 
leased to the Saratoga and Whitehall Company of New York, and has since 
been operated as an extension of its road. In 1856 the lease was made per- 
petual from the Ist May of that year, the lessee to pay a rent for the road and 
rollinpr stock equal to 6 per cent, on the share capital in quarterly instalments, 
also the taxes on the property, and to keep the road, etc., in repair. The 
rent of the road, from its completion to the 1st November, 1854, was equal 
to 7 per cent, on the capital mvested. No rent was paid for the next six 
months owing to the insolvency of the lessee. The rents have been fully paid 
since that time. 

SuARE Capital — Authorized and paid in, $255,700, on 2,557 $100 shares. 

FoNT)ED Debt None. | Floating Debt None. 

Cost of Road and Equipment — S255,700 : in detail as follows — 

Main road 8176,000 I Depot buildings and turnouts $4,000 

Branch to UidoTille 29,700 | Two locomotives 16,000 



SOUTHERN VERMONT RAILROAD. 
{Now a fart of the Troy and Greenfield Railroad of Massachusetts.) 

The Southern Vermont Railroad Compatiy was chartered on the 13th No- 
vember, 1848, and constructed about 8 miles of road which crosses the 
southwest comer of Vermont, and connects the New York and Massachu- 
setts sections of the line between Troy and Boston. The road was completed 
in April, 1859, and leased in perpetuity to the Troy and Boston Company. 
In April, 1860, the whole property was purchased subject to the lease by the 
Troy and Greenfield Company for $200,000, and paid for in bonds of the 
State of Massachusetts loaned to that Company. It was built by contract 
for $200,000, payable $50,000 in stock, and 8150,000 in the company's bonds. 



VERMONT AND MASSACHUSETTS RAILROAD. 
{8i$ Vermont and Massachusetts Railroad^ Massachisetts.) 



i^ 



VERMOXT-^ VERMONT CENTRAL. 



VERMONT CENTRAL RAILROAD 
IHtumcial ^ear mdin(^ '6i}th Jme^ 1859.) 

Board of Dirkctors and Officers, 1859-GO. 

E. M, Robinson Nm Bedford, Mass, | J. P. Clark ButlmgUm^ Vt. 

G Ar*lmer Brewer Boston, '* Jnlin Porter Hartford^ *' 

E. Blak6 " " W. C. Smitlt. St. AlhanM, » 

Geurge M. Dexter " " | L. B. Peck Mmtptlier, -' 

Gkorge M* Dk\tkRj President Boston, Mils*. 

W. C. Smith Trca^irer St. All»ans, Vt. 

G, Merri LL Super mtetident for Tnvgtees North fitild, *^ 

Trustee of Vtrm<fiU and Gnuida Co.— L. Brainerd, Jo**kph Clark and »L G. Smith* 
Prtncipal Offk'e • • .,,..••....,, ♦North FIELD, IVaMru/fi/ti Gj. Vt- 

Length of RoAt> — Windsor to Burlington • 1 19.0() miles. 

Vermont and CanUrda Uailrond, Essex Junction to Rouse's Point. 47.t>0 ** 



Total mileage operated by trustees , 1CG,00 

No second track. Sidangf^^ including turnouts, etc, about 7| miles. 

Rolling SrnrK— Loconiotive engines and snow plouj^bs 

Cars : — ^Passenger, 26 j baggage, expre^ and mail^ 19 ; freight etjc.^ 734. , 709 

Tbo Vennoni Centntl Rath nod Company was chartered cm the Slst Octcilier, 
1843. Tbii eon-structiou of thu road wafi coniniunecd in tlie ftdl of the sumc 
yctin It was opened for puldic use as follows — from White River Yillnge 
to Bethel, 25 niilei*, on the *iOth June; to Roxhury iStunniit, 4G nulefti on the 
17th 8ept.^ and to Northfiehl, 53 niilet*, on the HKli UeL, 1848; to Montpe- 
lier,03 tiiiles, ou the 2(nh June, 1849; to Middlesex, 60i mile??, on the ;!JOth 
AiigHHt; to Waterhury, 75 niiles, on the 29th Sept.,atH] to Tinrlinprton, 105 
raile*^ on the 31st December. The river ^eetltJii between Wbke River and 
Windsor, 14 milen, was opened t)n the 13th Februnry, 1S40. 

On the 24th Aiig., 1849, the Yen nxnit Oentnd Jiailmad Company look u 
lease t*f the Vermont and Canada R:uh*oad» then in eonrf^e of e<mHtnietion^ 
at an animal renbd of 8 jier cetit, i>n it^^ eost, (amnimtit)^ at t!ie pre^sent time 
to 81^348,5iHI), with the privilege of parehai^in^ tlie road at en,Mt after 20 
years. The provisions of the lease created a mortgage on the Vermont 
Central Railroad as i;ecnrity for the pnyment of rent. The Company eoon 
afier beenme embarrassed, and on the 2Hth Jime^ LS52, pnrrendered the road 
to Trust^n^^ nnder the lease, by whom the road has sinee been fjperated. J de- 
fault in the piiymenl of rent was made on the 1st Deeend»er, 1854, and pay- 
ment has not yet been renewed. No payment of interest has bt3en made on 
the fnnded debt of the Company f^inee JannarVt 1854. For several years 
past the roail lias been operated f**r the benefit of the Vermont and Canadu 
Railroad Company- The earnin^jfn, however, have only fthglitly exceeded 
rnnning expenses and renewals. There has heen a long eontroversy between 
the Vermont and Cimada and the Vermont Central Railroad Companies w itli 
various propositionn lor its adjnstment, bnt without snceess. 

The f(»IItiwing statement will shew the resnlt of the openitions of this road 
from 1st Jnly, 1852. to 31st Oetoher, 1859, as per statement of t!je Trustees: 



Yoiir, G rt kh» K'l r gi. 

1654- •• 79<Vi79 
1855.. ». 722.3'iG 
1S56 .'. 75«,915 



60iJ02 
B5i,749 



$2,955,251 2,lti4,lS2 



Net Enr'je* 

122.775 
20.1,196 

TP1,0(J9 



iHfil^G "%lMhh:ih\ I2.U?4JK2 

l«f>7 ?0S,:r>8 65R,7iO 

1859 •... 705,eje B97,:09 

l839(l6mo) 996,507 (397,8^3 



Net K»r'irt«. 

»7niji69 

149,608 

!r«,M9 

29f,6J4 



ToUiI..$5,4G5,924 4,HB,n4 I,,i47,6l0 



VERMONT— VERMONT CENTRAL. 



70 



The net earnings have been applied as follows : 

P&id Vermont and Canada Btockholdera 

forront.. •158,940 

Paid Ist Morigage bondholders interest 275,370 
Paid 2d " •' " 39,445 

Paid improvement on roads, renewals, 

etc-..- 649,439 



Paid amount invested in wood and 

shop stock on hand 9121.459 

Charged off, as worthless 16,959 

Balances on hand 66,199 



Total. 



•81,347,810 



Share Capital— $5,000,000, in 100,000 shares : as follows— 



'S2,ooo,qoo 

1,282,OT0 

217,400 

1,500,000 



Ist issue 20,000 shares, at 8100, representing- 

2d " 25,652 " " 850, 

3d " 4,348 " " 850, " 

4th " 50,000 " " 830, 

—all of which amounts have been paid in. 

Funded Debt — $3,135,700 : classified as follows — 

1*^ Mortgage^ 7 per cent., coupon bonds $2,000,000 

— dated Ist Nov., 1851, and payable, principal Ist Nov., 1861, and interest 
semi-annually, Ist May and Ist Nov., at Boston. 

2d Mortgage, 7 per cent, coupon bond* $1,135,000 

^Klated 1st July, 1852, and payable, principal 1st July, 1867, and interest 
semi-annually, 1st Jan. and Ist July, at the same place. The amount pro- 
vided under this mortg^age is $1,500,000. 

The rent due the Vermont and Canada Railroad Company is a liability 
taking precedence of the funded debt. 

Floating Debt— $1,016,758. 

Cost of Road and Equipment — j8,402,055 : in detail as follows — 



Engineering 8115,208 

Land damage 4 10,372 

Grading 1,799,909 

Saperatmetare 84,662 

Bridging and maMmry 814,326 

Fencing 42,879 

Iron 897,665 

Incidentals of eonstmction 1,459,988 

Wharf at Burlington 46,808 

Incidental expenses 42,641 



Interest 763,959 



Discount on bonds* 

Depots 

Shop furniture 

Car shop 

Bumettizing ties 

Engines and cars 

Tenements 

Additions to constructions since 1853 • 



528,856 
185,156 

14,647 
6,655 

42,464 
948,557 

14,932 
172,670 



KectipU — 
Pissenger earnings* • • • 
Freight " •*.* 

Mail and ezpenses, etc* 



Income Accjount for the Year ending 30tu June, 1859. 



• 8178,732 
. 494,607 

* 28,932 



ToUl. 



• 8702,271 



DUburaemenU — 
Maintaining roadway* 
Repairs of machinery* 
Operating expenses- • * 
Surplus earnings 



ToUl* 



8217,829 

* 148,267 
. 220,499 

* 115,676 

*8702,271 



Coat. 
Tear. «fKoad. 
1950*85,134,421 
1951* 7,163,990 
1352* 8,530,346 
1%3. 9,422,281 
1854* 9,422,281 
1356* 9,4*22,281 
1S36* 9,752,054 
1857* 9,752,054 
1858* 9,752,054 
1859* 9,752,054 



Cost, Earnings, Expenses, Etc. 

Mile- / Gross Earnings » 

age. Pass'gers. Freight. Mails, etc. Total. 
117 8159,066 8139 031 813,895 8311,992 



161 
164 
164 
166 
166 
166 
166 
166 
166 



147,262 
171,606 
209,838 
264,7-27 
220,397 
210,492 
213,565 
185,717 
178,732 



274,965 
328,471 
452,373 
509,711 
476,246 
530,968 
573,323 
493,969 
494,607 



14,355 
15.550 
17,390 
31,941 
25,683 
25,485 
21,440 
26.152 
28,932 



436,582 
515,627 
679.601 
796,379 
722,326 
• 756,945 
80S,328 
705,838 
702 271 



, Yearly. 

Operating Earnings, 
Expenses, less ezp. 
8151,842 8160,150 



. — Div. — » 



215,891 
490,596 
409,780 
602,102 
599,551 
552,749 
65P,720 
567,319 
596,595 



220 701 
25,031 
269,821 
194,277 
122,775 
204.196 
149 608 
108.519 
115,676 



8 

nil. 



p.c. 
nU. 



10y8.88,O93,8161,6U5 1,951,402 4,273,664 220,823 6,435,839 4,865,135 1,570,754 " 
Arer* 8,809,381 1661 195,140 427,366 22,082 643,558 486,513 157,075 " 



80 VE?vMONT— VERMONT VALLEY. 

VERMONT AND CANADA EAILROAD. 
{Financial year ending Zlst August ^ 1859.) 

Board of Directors and Officers, 1859-GO. 
H. M. Bates, ( V.-Pres.) I Thos. E. Powers, I George M. Brown, 

W. H. H. Bingham, | Wm. Parsons, | Sidney Homer. 

William P. Parrott, PresiderU St. Albans, Vt. 

Charles Barrett, !r7'«WM?w " " 

I^ceivers — John G. Smith, St. Albans, and Joseph Clark, Milton. 

Principal Office St. Albans, Franklin Co , Vt. 

Length of Road— Essex Junction to Rouse's Point 47 miles- 
Second track, none. Sidings, turnouts, switches, etc., about 2J miles. 

Rolling Stock Supplied by Vermont Central Company. 

The Vermont and Canada llailroad Company was chartered on the 31st 
October, 1845. The road was designed as a continuation to the noilhern 
boundary of the State of the Vermont Central Road, the line of which ter- 
minates at Burlington. To raise the means for its construction, the Vermont 
Central took a lease of it for a period of fifty years, agreeing to pay eight per 
cent. 'on its cost, represented at the present time by a share capital to the 
amount ?l,348,500:the terms of the lease created a first mortgage on the 
Vermont Central Railroad. The rent was paid up to, and including, June, 
1854, since which nothing has been paid. The whole line is now operated 
by the trustees under the lease. The two lines have been worked as one, no 
separate account of earnings being kept. — (See Vermont Central,) 

Share Capital — Authorized and paid in,$l,348,500, in 13,485 $100 shares. 

Funded Debt None. | Floating Debt None. 

Cost of Road and Appuutenances — $1 348,500. 



VERMONT VALLEY RAILROAD. 
(Financial year ending 31«< August^ 1859.) 

Board of Directors and Officers, 1859-60. 



Alexander Hamilton, Jr, New York^ N.Y. 

G. N. J. Bowdoin " " 

S.M.L. Barlow " « 



Joel Page 'Westminster^ Vt. 

Madison Sloat Bellows FaUSy " 

Charles Chapin Chester, " 

Hugh H. Henry, PresideiU Chester, Vt. 

Madison Sloat, Superintendent Bellows Falls, " 

James H. Williams, r/'ea*tfrcr " « 

Trustees — Alexander Hamilton, Jr., Hugh H. Henry, and Governeur Morris. i 
Principal Office Bellows Falls, Windham Co,, Vt. 

Length of Road — Brattleboro to Bellows Falls 23.69 miles 

Second track, none. Sidings, turnouts, etc., 0.64 mile. 

Rolling Stock — Locomotive engines 4 

Cars : — passenger, 4; baggage, express and mail, 2 ; freight, etc., 52 58 

The Vermont Valley liailroad Company was incorporated by an act passed 
by the Legislature of Vermont on the 8tli November, 1848 ; and completed 
its ro.id in the latter part of the year 1851. 



VERMONT— WESTERN VERMONT. 81 

Share Capital— Authorized, $500,000. Paid in, $516,164. 

Funded Debt — $783,200 : classified as follows — 

Ut Mortgage^ 7 per eeni.y hoyids $386,000 

ht Morigaqe^ 6 per cent., bonds $114,000 

—dated Ist April, 1850, and payable principal 1st April, 1860, and interact 
semi-annually, let April and 1st October, in New York City. 

The net earnings ore applied to the interest on the 1st mortgage bonds, 
but have been only sutfacieiit to pay the same up to October, 1856, including 
one-half of the coupons due at that date. Proceedings are in progress for 
the foreclosure of the mortgage. 

2d Mortgage, 7 per cent, bonds $293,200 

— dated Ist October, 1854, and payable, principal let October, 1859, and 
interest semi-annually, Ist October and Ist -A^il, in New York City. 

Cost of Road and Equipment — $1,301^6: in detail as follows: 

Roiidway, in groaa $800,000 

Landf land damages and fences 69,741 

En^neering 753 

Incidental expenses 14,097 

Interest diridend on stock 7,056 



New side track at Putney $431 

Discount on $293,000 bonds 1 17,280 

Coupons overdue 202,915 

Locomotives 27,620 

Oars 52,091 



Income Account for the Year ending 31st August, 1859. 



Receipts — 

Passenger earnings $20,430 

Freight " 19,580 

Mail,etc. " 5,775 



ToUl $45,785 



Disbursements — 

Maintaining roadway $15,766 

Repairs of machinery 5,269 

Operating expenses 12,818 

Salaries of officers and trustees 3,100 

Use of track, etc., at Brattleboro 1,667 

Balance of earnings 7,268 

Total $45,785 



The Company makes no report to its stockholders, and no general state- 
ment can be given. 







Cost, Earnings, iiixrExsES, etc., Yearly. 






Cost of 
Road, etc. 


Mile- 
age. 






, Div. » 

Am't. p. c. 


Year. 


Pass'r. 


Freight. Mails. Total, expenses, less ezp. 


1856.. 
1857.. 
1856.. 
IK9.. 


$1,301,455 
1,301,445 
1,301,886 
1,301,455 


2369 
23£9 
23.69 
23.69 


$22,730 
23,582 
20,837 
20,430 


$21,597 $4,870 $49,187 $37,587 $11,600 
22.488 4,853 50,783 38,271 12,512 
17,960 5,200 43,998 33,506 10,492 
19,580 5,775 45,785 38,520 7,165 


nU. nU. 

u u 
(1 (( 


lym. 


$5,206,241 


9476 


$87,579 


$81,475 $20,698 $189,753 $147,984 $41,769 


(1 u 


Aver. 


1,301,560 


2S.69 


21,895 


20,369 5,174 47,438 36,996 10,442 


II C( 



WESTERN VERMONT RAILROAD. 
{Financial gear ending Blst August, 1859.) 

Qeorge Barker, President; 0. M. Davey, Receiver Rutland, Vt. 

Principal Office Rutland, Rutland Co., Vt. 

Length of Road — Main Line, Rutland to State Line of New York 54.00 miles* 

Branch Line, North Bennington to Bennington 5.50 " 

Second track, Done. Sidings, turnouts, etc., 6*50 miles. 

Rolling Stock Supplied by Troy and Boston Company. 

The Western Vermont Ratlroad Company was chartered on the 5th November* 
1845. The construction of the road was commenced in October, 1850, and 



83 



YEIUIOXT-WESTEUX VERMONT. 



Lileted from Jutland io At'liiJ*?t(>n, 41 mile 



December, 1851^ and to] 
the Stiittj liue of New York, 54 miles, in July^ 1852. The lienr»ingt< 
Branch WiU5 completed about two yanrs subsequently. Defuult having been 
made in the payment of the interest on the Oompany^s bonda, the trustees 
under the Ist mortgage cotnmenoed, in September, 1854, suit for the fore- 
closure of the mortgage, and in June, 1855,obtuijied a decree for the payment 
of the arreare then due within one year, and of the accruing principal and 
interest within one year from the time they respectively might fall due, fail- 
ing which the title to the road and fnmchise to become absolute in tho 
trustees. The hrst iaj^tulment under thia decree (S 16,000) was paid, but the 
second, about $124,000, was not paid, and on tiie lt?t January, 1^57, the 
trustees took poi^sessiou of the road. On the IGth of the ^ame month the 
trustees executed a lease of -the road to the Troy and Boston Company fttr 
a term of 10 years, the lesi<ti^o keep it in repaii* and pay for ita use 63l»,OU0 
for the tirst year, anti $*i6,0(J^cach subsequent year of the term, in monthly 
instiilmenta. Under this lease the Troy and Boston Ctunpaiiy occupied th** i 
road until the 8th May, 1857, when, on conipluint of certain boudholdei-s, tiie 
Supreme Court entered a pro forum decree in thtrir fitV(jr and placed the 
property in the hands nf a receiver pending the suit. The tiual decision of 
the court was in favor of the lessee^ and a decree issued re-instating the 
Troy and Boston Com pnoy, which took possession on the let January, 1859 

The financifU condition of the Company previous to the foreclosure of tho 
Ist mortgage was as follows : 

SuAKE Capital— Authorized SI, 000.000, in 10,000 glOO shares 
Paid in, - ^331,939 on 3,487 

FcNDED Dkbt — 8700,000; in detail as follows — 

lit Mortgage, 7 per cent., hmidtt $400,000 

— «lated 1st January, 1851^ and payable, principal in 5, 10, 15 and 20 ye4XY» 
in equal insLahuents, and interest 1st Jan. and 1st July, in New York City, 

2ti Morf gage, 1 per cent., houth .__.! -.-....-.. .S3OO,000 

— ^clated id Soi)tember, 185*i, and payable, principal Ist September, 1862, 
and interest semi-annually, 1st March uiul 1st September. 

3// Mftrfgage, 7 per cent,^ bonds .. - 8 

— dated 1st August, 1853, and payable, principal 1st August, 1800, and iii- 
terot Lst February and 1st August. This mortgage provided for tho sut" 
of 8500,000, none of which was ever sold. 



Floating Debt^S331,519. 



Cost of Road and Appurtknances — ^$931,729 

GraduAliim mud maaonrjf* ^46^ 47 

Bridges ■ • 24,863 

ISupcratructare, including iron - 34G,t)59 

StaUoita, iaiH. buildiugi luid fixtaref-* - '2i,423 



In detail as follows : — 



Land, land damages and fences * • 

Kngintieriog 

Intorcst account 

liencnLl imd i^diryual orpeojet* 



.i56J78 
. 20,155 
. 37,938 
* 76,366 



Tear. 
1956. 
IS57. 
\^^' 
1S59- 



Coat of 

Road, «tQ. 
• *931J32 

■ 93J,73i 

■ 6UO.0O0 
. eO0,OD0 



Cost, EAKNiNog, Expen^^es, etc. 

Mite- * iJruea Etiriiings— 

age. Prtse'r Freight, M«ila. TotaL 

59.50 «34,491 io^'dU S10,til7 $125,022 

mm 26/299 29.459 U,9il4 67,661 

B9 50 20,000 2S,00(J JU,B59 65,859 

59 50 ' 



Ykarly, 

— , Ofisrating Enmings, - — DIt.-— ^ 

iJ04,23J S20,789 nU. nU, 

77,079 J^n. 

56,7-26 •' ** *' 

36,iH>0 **- 36,000 " *♦ 



4yri ■3,0*»M64 
Ave.- 790,966 



233 00 
■69,50 



IOU,-90 
25,197 



114,373 
28,593 



33,3eO 
B,346 



284>13 
71,136 



238,038 
59,509 



46,505 
19,626 



36,Lf00 i> 
9,000 U 



LAWS OF THE STATE IN REFERENCE TO RAILROADS. 



List of all the Railrcmd Companies chnrtered in the State of Vyrraont* 
with the diitea of the Acts of thuir inrorpomtion ; and ako the dates and 
Lfibstractg of all laws paB^ed by the Legislature in refuroncu thereto. 

The JMieruik [*J prDAjiad ligmflea tlmt the wurk uf coostrtiction hnA not beiia uoiDinoni'ed. 



Corporate Titles. 



1. 



[♦AaciiTjriy 

AtULjrTic ^ St* Lawrekck • • 






•Blach Kiviftt 

HOATtUUIOllO^ & FlTCITBURQ* • 



CuAMTLka & Coinv. Biv£b> 



iknmcnavr 4 pAasuMpaic Rivieii 






tM. 

Oct. 

N*ov. 

Oct. 

Nov. 

Nov. 

Nor, 

Nov, 

Nov. 

Nov. 

Nov, 

Oct, 

Nov, 

Oct. 

Nov, 

Out. 
Oct. 

Nov, 
Oct 
Nov. 

Nov, 



ilR* 



D»te. 



1849 

las,' 

IS50 
1851 
1846 
1851 
13B5 
ISUI 
1935 
1M5 
1849 
1852 
1855 
1847 
1&4J 
1646 

1949 
1819 

1843 
1 84 4 

1845 
1847 



Nov. 9,1849 



Nov. 
Nov 
Oct. 



Nov. 



Oct 



Ab8iriict4 of Likws 



18SU 
18361 
1843 



1845 

1846 



Nov, 6, 1847 



Nov, 

Oct. 
Nuv. 
Nov. 

Nov. 



1851 
lP6fi 
1R45 

1R51 
IBSJ 
1-55 



Act uf ioeorpomtion. 

Time for eominenoinjf OTnMrnt?tioti extended. 

May extend rood into Vwrinont. 

Act additioaiil to lu^i of IS.iO 

Constituted n eor|>orntif*ii of Vorraont. 

Thflo ejtlended tor loualiug nmd. 

Act of lacorporation. 

Act of iucorpomtion. 

Act uf innorfTrt^ration. 

CLnrler rcncwud 'infl caotinufrd. 

.4iit of 6th Nov«?nih«jr, 1845, rovivoi. 

Act reriving net of itieorponitioa. 

At-^t of iuifor|K>r!ilioa, 

Acit of ineorponittun. 

Act «f incor|M)mUij!i. 

Conn River RR O*. mnj poll n part of its roiui 

tti Oie n. and F Ctwipanj- 
Exlends timi* fur compilation. 
Authorizos Coippanv to unite* with tbo Yvr. A 

MiuiM., etc., under the latter name. 
Act uf incorporation. 

May unite with any Co. frum N.H. or MftuS. 
May collect toll, but f uljjeet lo Suprt- mo Ciitirt. 
Changed to Rutland iind Burlington, with 

authority Lo construct a britnoh to Verji^cnnc*. 
Mjiy coQilrutt u branch from Burlinji:ton lu i?l. 

Albnnii, and entor upun nnd ufc ttie V. ftiid 

CanJlda milrondl^ iind eia trrtOt 
VSupploineat to wet of iucor}»omtlon. 
Act of incorporation 
Churler revived: 20 mllei to bc^ completed in 5 

yeAra^ ^^ mtlet in 10 ye&rs, and the whole 

Tufld in 15 yciirs. 
Divided into two companiefl; divided by While 

River : the N tn bn cnllod Conn, and Pu«i. 

River, and the S Connecticut River. 
No niilroJkd from N- Hump, in enter from, eon- 

nect with, ur u.^c the ttnui between P.iseiimp- 

sic River nnd the ti>wn of Fnirlee, etc. 
Connecticut Rivor Railruad mny fix it* south 

lcrminu» >it the nfjrth tcriuinuji of firaltle- 

boro' and Fitchburg RR., and mtiy sunren- 

der to the Inlter ihtdr p^escnt ri;a:Ut of 

building the SAtne soutli uf ihat pkint, and 

may leiiao or sell to the B. »nd F. Co. nny 

eirtion of their roiwl nouth of Williflina' 
iver, ete. 
Muy cHinnect with Attnntie nnd St, Lawrence 
Act cxlendicf^ time for complotiuD. 
Act of ineorpunititjn. 
Act of inrorporfttitin. 
\vt of iucorfKfrotion. 
.let uf incorporntiuti 

83 



u 



VEEMONT-RAILROAB LAWS 



CorporftU) Tlilea. 



Dftto. 



Abstmcis of Lftwji. 



•Island Pond A St. Jonxsmmr." •* 

^Lakjs Champlain & Otter Ciikkic - 
*Lak£ Micbigak to Pacific Ochak 



^tciiAiioN SPR1K68 (I?. York)" 






•MOMTPKWKB ^ CoXinSCTlCUT RiVEIl. 

•New York A Benniwcton- • ♦ 



•Norwich k Hartfoud FoitWARnrifu 
EcTLA:«D ^ BUBLlXOTU^r. 



^Rutland & Coynecticut River* 
RuTLAitD db Wbitkhall. 



RUTLA5D <& WaSHISTOTOSI* 



•SorTW SnArrsBcmr* • 

SUCTBEKN VERMOifT' 



•SuDitar -••• 

^bWAlTTOjr A lilOMtiATC • ' 



•Usioif • ■ ■ ■■ 

•VBRjQEitNes k Bristol- 
•V'JiRmowT 



Yermokt k Carada* 



VnfitfOMT Ckjtwial- 



^VienKaxT Nortb-ra^tkrh- 
VbRUOMt Vallkv 



VnnM07(T k MASSACBiraBTTB 

•Wanta&tiquet ••• 



•WlEfT CAflTLItTOlf 

Wbstkbm Vermoitt.* 



•W<;oDfiTycit • 



Not* 3( 1B5'1 Act of idcorpt>rfttioti. 

Oct, 27, IS55 Tiioc' for cfnuplftion extended, 

Oct. 29, 18Jf^ Ai't of iocorfrfjnvtiim, 

Nov. Uj 134i Rc»olvo npproviuK Ajuii Whitney's plnu of m^ 

mil mad tft the Pacific! Oe«eiin. 
Nov. 23j 18&2 Authorized to ptirchnstj fraLtichiso of N«w York 

and Bennington PLjiiJrond Cofupany. J 

Deo. 1^ 1853 Time for eonfrtrurtioii extcoilcd. * I 

Nov. 13, IBril Aft of incorpurjitJon. ■ 

Nov. 13, ISSO'Actof ini'or]x»mtioi». 

Nov, 14, 1951 May eomiei*t with Atl, and Bt. Lliwre&^e BR. 
Nov. 14, 1856 Time for U>catlou nnd fotistrtictioo extended. 
Nov. 13, 1849 Act of ineorportition, 
Nov, 19, IS51 Act to pjtteod ehartuf, «<«. 
Oct. 13, 1851 Aft of iuoofpomtion. 
Nov, 23f 1&5'2 May aoU to Lobapon Spring's Comptitij. 
Oct, 31, 1356 Tirae for eonftmction tixtcudod, 
Nov, 14, 1836 Att of ineorpn ration. 
Nov, 14^ 165G Act of imeorjiinrntion. 

See Chnmplain and CoTmoctient River. 
Nov, 9, 1950 May i*aue (irefcrrcd Bt4X*k 
Nov. U, 1850 Kcpoal* act 1849. Mnjoxteodrnad to^wuiioB^I 
Nov. 10, IB35 Aotof iQcorporatiofi. 
Nov. 9, 1831 Act of iDcorfionition, 
Oft. 2ti, 1633 Time extended forcomnieiiciog A&dcontplctiDg 
Nov, 6^ 1334 Timw ttxtended,, etc- 
Nov, 1, IBoP Tim© extended, ete. 
Oct, 24^ 1940 ChArlt-r revivorl and continued. 
Nov. 13^ 18-16 Act of incoTjtoration, 
Nov. 7,, 1S51 May construct ii brAncb. 
Nov, 13, IB47 Act of incoqHtratioo, 
Nov. I2j 1819 May cooHtrut't a bninch to tbo we»t line of iht 

State, nnd connect with any RR. fjtjro N. Y, 
D«.*c. 6, 1953 A«t of ineorp>nition. 
iVoV, 13. 1648 Act of lneor]V}raM*>n. 

Noir, 13, 164y Act uf incorponilioti revivisd nnd coiitinnnd. 
Nov. 12^ 1950 C«>ti]njissioui?ri to carry act of 1848 into offctiti 
Nov, 13, lft54 Time extended for completing roadi. 
Dec. 2, 1&53 Act *>f ini"orporati'»n, 
Nov. IB, lt*5l Act t»f inporparnlion, 
Nov. 15. lt:o;iTimo exf^^ndod for cunfulniction. 
Nov. I, 1555 Time cxicnd«d for construction. 
Oct. 25, 1B47 Act of incorfMiration, 
Nov. to, 1935 Act of incorpuratioo. 
Nov, P, iB3*i Actof incoritoration. 
Nov- 6, 1 833 Time extended one year. 
Oct, 31, li?45 Act of incor|x>ration. 

Nov. 15, 1847 Repe«ls part of me. 1 of act of iooorporBtllMt. 
Nov. IH, lH50(Mr»y conairuet ii i bridge over Lake ChaiDnlBi&< 
Oct 30^ lS5^ Time for compb^ting road extended, 
Nov, 5, 185h Time for completing ruad extended. 
Nov. 13, l85NTime for completing road extended. 
Nov. 18, Ifl.'st* Seventeen yeura allowed for cumplutuig KMidi» 
Nov, 29, ISSelAmendH act of 31st (Jctober, 1S45. 



I 



Nov. 10, 1835 
Oct. 31, 1843 
Nov, 13, IS^t 
Nov, R, 1848 
Oct. 2B, 1^149 
Nf»v, 11, ISstl 
Nov. 12, J85S 
NrjT 13. 1851 
Nov 13, 1854 
Nov. 12, 1352 
Nov, 5, 1845 
Nov, 6, 1849 
Oct. 26, l?47 
Nov. 17^ ly51 



Act of incoT]>onil3oii, 

Act of incorfHtration (2). 

Act of inefjrp^jfntion. 

.Art of incorf>rjrLttiim. 

Time extended. 

M;iy isnue additional iUick. 

Authorized to murlgage road* 

Aet of incor^ionitjon. 

Ait't to extend cbrorter. 

Act of incorfjoTfttion. 

Act of inoorporatlon. 

Time extended for coHErtmctloD. 

Act of incHrporntion. 

Mtiy eoimect with KutEimd jind BarlinaioBT 



STATE OF MASSACHUSETTS. 



Agricultural Branch. 

Amherst, Belchertown & Palmer. 

Berkshire. 

Boston and Chelsea. 

Boston and Lowell. 

Boston and Maine. 

Boston and New York Central. 

Boston and Providence. 

Boston and Worcester. 

Boston City Passenger. 

Broadway. 

Cambridge. 

Cape Cod Branch. 

Charlestown. 

Charles River. 

Charles River Branch. 

Cheshire. 

Connecticut River. 

Dan vers. 

Dan VERS and Georgetown. 

Dorchester. 

Dorchester Extension. 

Dorchester and Milton. 

Eastern. 

Easton Branch. 

Essex. 

Fairhayen. 

Fall River. 

Fitchburg. 

Fitchburo and Worcester. 

Grand Junction. 

Hampshire and Hampden. 

Hartford and New Haven. 

Horn Pond Branch. 

Harvard Branch. 

Lexington and West Cambridge. 

Ix>well and Lawrence. 

Malden and Melrose. 



Marlboro' Branch. 
Med WAY Branch. 
Metropolitan. 
. Middlesex. 

Miudleboro' and Taunton. 
Midland. 

Nashua and Lowell. 
New Bkdford and Taunton. 
New Bedford and Fall River 
Newburyport. 

N. London, Willimantic & Palmer. 
New York and Boston. 
Newton. 

Norfolk County. 
Norwich and Worcester. 
Old Colony. 

Old Colony and Fall River. 
Petehboro' and Shirley. 

PlTTSFIELD AND NoRTH AdaMS. 

Providence, Warren and Bristol. 

Providence and Worcester. 

Salem and Lowell. 

Somerville. 

South Reading Branch. 

South Shore. 

StOCKBRIDGK and PlTTSFIELD. 

Stony Brook. 

Stoughton Branch. 

Taunton Branch. 

Troy and Greenfield. 

Union. 

Vermont and Massachusetts. 

AValtiiam and Watertown. 

Western. 

AVest Cambridge. 

AVest Uoxbury. 

AVf>st Stockbridge. 

Worcester and Nashua. 



The Railroad first constructed in Massachusetts, and one of the first in the 
Cnited States, was the Granite Kailroad, connecting the quarries in the town 
of Quincy with the Neponset River, a distance of about three miles. It was 
chartered in 1825, and opened in 1827. It was constructed with a flat rail, 
3x1 inches, laid upon longitudinal wooden sills, for which stone sills were after- 
wards substituted. The road had an inclination of 27 feet to the mile, with 
a plane of 380 feet long, having an inclination of 1 to 4J. With the exception 
of the plane, up which the descending cars drew the empty ones, it was worked 

85 



M 



STATE OP MASSACHUSETTS. 



by boreea, and bore a relatioD to tbo railroads of the United States sitnilar 
to that borne by the tram roadi* of Eny;larul U* the railwuya of that countr>% 

It was not^ however, till 1830 that pyl»lie attention in Massachusett^i was 
aariously turned towards the eonstruction of railroads. In 1831 severalW 
iinj^ortant lines were chartered^ arnon^^ which were the Boston and J. owe 11^ 
Boston and Providence, and Boston and Worcester. The construction of 
the first Wfia commenced on the 28th November, 1831, and completed an4 
the road opened to the pnblic on the 26th June, 1835. It is one of the most 
jii'od active roads fur iis length in the LJiiited States, and has returjied to ita 
fetockholders dividends which have averaged 0*75 per cent, since itscompletiou* 

The next road opened was tiie Boston aud Providence, the construction 
of which was eommeaced in December, 1832, and completed in June, 1835,. 
The :^outherJy terminus of the road was changed iu 1S4H, hirgely increasing; 
its cost* It has been a productive work, having returned to its stockholders 
dividends averaging 5.5 per cent annually. 

Tlie fourth road opened in the State was the Boston and Worcester, tha 
construction of which was coomienced in August, 1832, and completed oa 
the 3d July, 1835. The road has been uniforuily successful and productive^ 
and has paid dividends averuging 7.40 per cent* for tvvealy-eiix years. 

Ijj 1836 only one road, the Taunton B ranch , was opened. This haft 
beeii a successful work, having paid its atockbolders dividends averaging 7 
per cent, annually. For sixteen years past they have averaged 8 per cent. 

No roails were opened iu 1837. In 1838^ on the 23d December, the 
Nashua and Lowell Railroad was completed, its construction having beeft 
CO m me li ced i n 1 8 3 7 . 'JTii s roa d h as i nil d i ts s to ck h ol dei*s di vi d en ds a v e ra g i n g 
8.25 per cent annually from its openings The West 8tockl>ridgo Railroad 
a sht>rt link of 2.75 miles between the Berkshire and the Hudson and Bos 
ton roads was also opened in 1838. This road has beeu leased to aud worked! 
bv the connecting lines. The Easteni Railroad was opened in 1838 ttoti 
Boston to Salem, u distance of 13 miles. This, for many yeai-s, was 
productive work, but, in 1854 and '55, largely increased its capital acoouut 
lor branch linos and utber expenditures. No dividends have been paid sinc«| 
1S54. For several years to come a considerable portion of its earnings will 
be absorbed by the payment of its iudebtedness. 

In 1839, a portion of the Western Railroad was brought into use — th( 
division between Worcester and the Connecticut River, 02.6 miles having beco 
opened on the 1st October, The object of this important work was to form 
a new route between the city of Boston and the New York lines of publi 
works. It has been eminently successful in the principal object of its con- 
atruction, the promotion of the marmfacturing and conuuerclal ijitcrest of 
the Stjtte, and at the same time productive to its stockhfildcrs, having earneAj 
dividends equalliug 5.28 per cent, besides accuumlating over $2,100,000 in 
binking funds. For the past sixteen years it has paid dividends nvoragingj 



STATE OF MASSACHUSETTS. 



8T 



per cent, annually The New Bedford and Tairriton Railrotid, 20.59 
miles long, was also op<;ned in 1S39. Tins road paid to its stockboklera 
di\idendt> averaging 6,4 per corit. aiinuidly. The Cburl(?stown Itailroud, 1.3 
rnile long, afterwards UDited witli tlnj Filcliburg, was also opened this year. 

In 1840, 34.33 miles were opened: the Wei^tero Kuilroadj ir>,01 niile^ ; 
tlie Eastern, 2.82 mileg, and that part of the Xorwieh und Worcester, 16.50 
mil«3ai, which lies in the Statu of MassaehnsetU?. 

In 1811, the Western IJailroad Wiia extended to the western boimdaiy of 
the State, 10.*2U miled. 

In 1842, only 6 milea were opened^the Uharlei*town Ruilroud having 
Decu extended this distance. 

In 18411, 2\jA1 miles were opened, viz: the Berkshire, 21.14 iniles, and tho 
Fitehburg, 5.03 niiJea. The Berkshire Uallroud was leased to the H^usatot iti 
Company, lu perpetuity, from the date of its openings at a rcntul of 7 per 
ceat, annually on its cost. The rent has been regnhirly puid. The Fiteh- 
burg liailroud has been a successful workj having paid dividends amounting 
annually to 6.8 per cent. 

In 1844, 44.71 miles were opened. The Fitehburg Railrt>ad was 
extended o4.22 miles. The Worcester Brunch, designed to connect the* 
railroads entering the city of Worcester, wtis opened, (J. 65 miles; the Con 
Uceticut Kiver, 4.07 miles, and that jmrtion of the Hartford and New Haven 
lt;jiIroud lying within the Slate of Mas^sadiusetts, 5.87 miles. The Worccbtor 
Branch was subsequently united with the Worcester and Nashua Railroad. 
The Connecticut Hiver Uailroud wm finally completed in 1848. It has puid 
dividends averaging 3.06 per cent, on its common stock. 

In 1^45, 98.33 miles were opened, viz: the Uid Colony, 37.26 miles; tho 
Htoughton Branch, 4.07 Uiilos j Ui© Fall River, 12 miles. Tho Connecticut 
River liailroad was extended 17 miles ; the Fitehburg, 10.09 miles ; and Ibc 
Btiston und Maine, 171*1 miles!, the new lino from Wilmington into the city 
at Boston having been com])lcted. The C>ld Colony and Fall Uiver Rnil- 
mads have since been united under tho name of tho Old Colony and Fidl 
Hiver liailmad. Bince tlie consolidation the new company has paid divi- 
dends averaging 5^ per cent, annually. The Stoughton Branch, a local 
pottd, has been a productive work, having paid dividends at the rate of 6 
{Xjrcent. annually. 

In 1846, 7 8. an miles were opened. The Pittstielrl and North AdaruB^ 18.6i'» 
miles; and the I-.exingt(>n and Wei^t Cambridge* 6,64 miles, wore couiplcted. 
The Fall Hiver Railroad was extended 29.83 miles ; tho Connecticut Hiver, 
17.18 miles; the Fitchbnr}^, 2.37 miles, and the Boston and Worcester, 3..S8 
miles. The Pittstaeld and North Adams was lease<l to the Western Railroad 
hr a iwvii}d of 30 years from the date of its opening at an annual rental ol 
6 per cent, on its cost. 

In 1847» 91.03 miles were opened, viz : tho Vermont and Massachusctta 



88 STATE OF MASSACHUSETTS. 

was opened 21.00 miles; the Providence and Worcester, 25.00 miles; the 
Essex, 1.76 mile ; the Cheshire, 10.50 miles. The Old Colony Railroad was 
extended 7.02 miles : the Fitchbiirg, 3 miles ; the New Bedford and Taunton, 
0.95 miles; £he Eastern (Gloucester and Salisbury Branches), 16.91 miles: 
the Boston and Providence, 3.34 miles, and the Boston and Worcester 
(Brookline Branch) 1.55 miles. The Vermont and Massachusetts Kailroad 
was finally completed in 1850. It has been unproductive to its stockholders. 
The Providence and Worcester Railroad, 25 miles of which lie in the State 
of Massachusetts, has jiaid its stockholders dividends averaging 3J per cent, 
annually. The Essex Railroad, built by means supplied chiefly by the 
Eastern Railroad, has been almost entirely unproductive. The Cheshire 
Railroad is specially described among the railroads of New Hampshire. 

In 1848, 184.05 miles were opened, viz: the Peterboro' and Shirley, 
12.01 miles; the Lowell and Lawrence, 12.35 miles; the Stony Brook, 
13.10 miles; the Dorchester and Milton, 3.24 miles; the Cape Cod Branch. 
27.80 miles; the Worcester and Nashua, 39.12 miles; the Vermont and 
MassachuHettrt, 27.00 miles; the Essex, 18.60 miles; the Old Colony, 0.74 mile; 
the Connecticut River, 14.10 miles; the Fitchburg (Lancaster and Sterling 
Hruiu^h) 2.71 miles; and the Boston and Worcester (Milford and New- 
ton Branches), 13.22 miles. The Peterboro' and Shirley was leased to and 
operated by the Fitchburg Railroad Company up to 1860, when it was pur- 
c-hiiHed by tluit Company for the sum of $132,666. The Lowell and Law- 
reiuuj wuH l(»ased to the Boston and Lowell Company in 1858, for a period of 
20 ycjurn, ui an annual rental of 6 per cent, on its cost. Previous to that 
liHin it had paid its stockholders dividends averaging 3.75 per cent. The 
l><»rrlujHter and Milton Railroad has been operated by the Old Colony Com- 
jMiny without profit to its stockholders. The Cape Cod Branch, which was 
<'<»MH)h<t«Ml in 1854, luis paid its stockholders dividends averaging 1.8 per 
**«'iit. 'Pin, IJoHton and Worcester has paid dividends averaging 7.4 per cent# 
^'» IH 40,03 74 miles were completed: the Grand Junction, 6.49; the South 
Wboro, 1 l.r,()^ mid tlio Newburyport, 8.55 miles, were opened, and the following 
i'«MhlH w«»r« oxtonded — the Cape Cod (Wareham Branch), 1.04 miles; the 
V<»riii<>iit luid MaHsachusetts, 21 miles; the Essex, 1.32 miles; the Fitchburg 
(Storliii^ Hrum5li),H.32 miles; the Boston and Maine, 3.53 miles; the Boston 
IIIhI Woi*»()iit4fr (the Framingham Branch), 1.99 mile. The Grand Junction 
KulIrfMuI, tho ()bje(»t of which was to connect the railroads entering Boston 
^•tll tlui Imrbor at East Boston, has proved improductive. The affairs of 
"•HM (Miiiipmiy iiro now in tho hands of the trustees under its mortgages, and 
^•n pl*cthiib|y bo wound up by tlie sale of its real estate, and the abandon* 
ninnt of n poi.tjon «»f tho n)a(l. Tho South Sliore Railroad has been unpro- 
H 11(^.1 Vm in itit Hto«»khoMers. Tho Newburyport Railroad has been recently 
UmihihI to tho lioHtoh ami Maine IJailroad Company for a term of 100 years. 
*•• liun tioun iiu unproduclivo work. 



STATE OP MASSACIIUSKTTS. 



In 1850, 103.98 mik's wure openud. Tlio FitcliUiirg uikI Worcester 
mm opiiuud 13»9J> miles; the Ntirfulk Cmmty, *25.9G miles; the Salem 
[and Lowell, 1G*83 miles; the Bouth Keuditig Branch, 8Jt5 miles, and 
tJie Stockbridgo and Pitl:^field, ;21.9S miles* The Nuwburyport Kailrnad 
was extended G.03 mile^; the Peterboro' and vShirloy, 2.09 miles, nnd the 
Vermont and Massachusetts, 9 miles. The Fitcliburg and Win*eester has 
been moderately firoductive, having earned 10 per cent, annually on it4S cost, 
The greater part of its share eapitiil is m prrfmrfd stock on which dlvidunda 
liave been rcgalarly paid. The Nurfolk County Kailroad has proved an un- 
fortunate enterprise, having earned only a very small per contage on its cost* 
.Tlie road for some time i>ust lias been in the hands of trustees. It is now 
[proposed to merge this into tlie MitllaiHl Company, which has been incor- 
[pomted as the successor to the Norfolk County and the Boston and New 
[Yi»rk Ceiitrah The plans for the re-organiziitinn of these companies^ recited 
[ill th<s statements of their affairs^ iiave aot yet been carried out. The Srdem 
I nod Lowell Kailroad has been recently leased to the Boston and Lowell 
Company, at an annual rental of §17,500. It had paid nothing to its 
^stockholders previous to this lease. The South Reading Branch is now 
owned by the Eastern Raihoad Company, though a separate orgamzation is 
still maintained. Since its opening It has only paid current expenses, The 
' 6u>ck bridge and Pittsiielu Kailroad has been operated since its opening by 
the Ilousalonic Kaihoad Company of Connecticut, to which it w*as leased )q 
perpetuity at an aunual reutal uf S31,409j which is 7 per cent on its cost 
» The rent baa been regularly paid. 

In 1851^ two miles were added to the Fitchburg Kailroad. 
In 185*2, 9.70 niiles were oj^L^nt^d, viz : the Medway Branch was opened 
['8.60 inile^, and the Charles l^iver Branch, 0.10 miles. The Medway Branch 
wiuj leased to the Norfolk ('ounty. wijicb was to receive all its earnings for 
operating and maintaining it. The Cintrles River Brancli has been merged 
into the New York and Boston Railroad^ which has thus far been run without 
pnifit. 

In 1853, 85.04 miles of raib-oad were opened, viz: the Banvei-s and 
Georgetown, PJ.38 mile^; tlie Horn Poud ]5ranc!i, 0.06 mile, and the Amhei-st 
find BelcherUJwn, 19.50 miles. The Charles River Branch was extended 
2.5U mik^s. The Danversand Georgetown, which was an unproductive work, 
was merged into the Nevvbtiryport Railroad in lSo5, and w^ith that road has 
been lijased to the Boston and Maine RLiilroad Company for 100 yearr^. The 
Horn Pond Branch w as built for the transportation of ice, and possesses no 
pubhc interest. The Amherst and Belchertown, proving unproductive, was 
ftold upon the foreclosure of a mortgage, and leorganized, with a reduced 
capital under \\m present name, on the 1st January, 1859. 

In 1854, the Fairhaven Branch, 15.11 niiles, was opened, and the Eastern 
ijxtcnded I4.*i0 miles. The Fairhaven Branch has betju unproductive to its 
12 



90 



STATE OF MASSACHUSETTS. 



stockholders. The Providence, Warren and Bristol, the greater part of the 
line of which lies in Rhode Island, was also opened this year. 

In 1855, 75.39 miles were opened, viz : the Agricultural Branch, 15.08 
miles ; the Danvers, 9.20 miles ; the Easton Branch, 3.78 miles ; the Hamp- 
shire and Hampden, 24.96 miles, and the Middleeboro' and Taunton, 8.03 
miles. The Newburyport was extended 12.39 miles. The Agricultural 
Branch is leased to and operated by the Boston and Worcester Company. 
The Danvers Railroad has been leased to the Boston and Maine for a period 
of 100 years. The Easton Branch has been a productive work, having 
paid dividends at the rate of 4^ per cent, on its cost. The Hampshire and 
Hampden Railroad has been leased in perpetuity to the New Haven and 
Northampton Company. This road has probably been operated at a loss. 

In 1856, 12.99 miles were opened. The Marlboro Branch was opened 
3.09 miles, and the Eastern was extended 9.90 miles. The Marlboro Branch 
has been leased to the Fitchburg Railroad at a rental of one-half the gross 
receipts. 

Since 1856 no addition has been made to the mileage of Railroads in the 
State, with the exception of the City Passenger or Horse Railroad. 



CITY PASSENGER OR HORSK RAILROADS. 

Since the opening of the first city passenger railroad in the city of Boston, 
rapid progress have been made in the construction of these works. They 
now embrace a mileage of 38.94 miles, with a nominal cost of $1,604,990, or 
$41,200 per mile. Tins sum does not include the equipment of the roads. 
The gross earnings, in the aggregate, exceed 45 per cent, of their cost. The 
dividends paid average 8J per cent, on their aggregate share capitals. The 
nominal cost of the Boston City railroads has been moderate, compared with 
those of New York, though in the cost of the fonner is undoubtedly em- 
braced a very large amount of fictitious capital. 

The following statement will show the dates of opening, and also the 
mileage, cost, gross and net earnings, and dividends of the city pas.senger or 
horee railroads in Boston and its vicinity, for 1859 : 



Mile- 
Roads. Opened, age. 

Boston and Chelsea 1658 2.19 

Broadway 1359 2 56 

Cambridge 1856 4.80 

Dorchester 1657 4 79 

Dt>rche8ter Extension 1859 1.38 

Maiden and Melrose 1859 3.41 

Metropolian 1856 3 34 

Middlesex 1857 349 

Kewton 1858 297 

Somerville 1858 389 

AValtham and Watertown ■ .. 1857 213 

AVest Cambridge 1857 1 56 

West Kox bury •■ ■ 1857 2 54 

Union (Transportation) 

Total 3S.94 



Cost 

of Road. 

9140.000 

53,403 

451,377 

118,150 

12,000 

57,680 

291,839 

295,100 

23,442 

59,500 

19.700 

12,250 

40,558 



Gross 

Earnings. 

r2,800 

4,272 

42,176 

8,570 



Net 

Earnings. 

t2,800 

4,272 
42,176 

7,886 



/—Dividends — ^ 

Amount, p. o. 

•2,800 2 

4,110 8 

27,000 9 

5,445 8 



137,539 

306,443 

24,146 

900 

8,852 

1,500 

1,080 

3,312 

194.542 



8,577 

46,069 

23,608 

900 

316 

1,500 

1,060 

3,248 

11,322 



7,000 3| 

45,000 10 

23,608 8 

900 6 



1,600 9 

1.080 9 

3,232 8 

16,000 10 



81,604,999 8733,132 #153,554 SU0,3;i7 



STATE OF MASSACHUSETTS 



Statemksjt. showing the Sfinre OipUal and Dfhfs of tlhe stvtml Railroad Cvmjmntfjf of thi 
S(aU i{f Ah^nttchuMtts^ with ihe aiauutd a/ productive and uitjAatittrtive capital in each: 



Corwrtoto TUI<« of ^— Shttro Capital ^ 

CuuipaDioi. Amount. Produeiiv©, l^nprod. 



Asrieultiiml Bmnc-h- $203,621 
Amburst, BolcberUiwu 

JfelVlmiar 65,000 

Bttrluliir« ' 6O0.U<K) 

Bfwtau A I^well - - - 1,S30,<XK} 
l^4?*u^n A Mmuc ... .4,076,^^74 
Ikt^luu A Pmvidoncc ' • 3,1^0,000 
Bo»t*.n A WurvMlof .-4,500,000 
Ci(j*Coa *--*••♦• 6&Jl,GS)0 
Cvotie^rticut Rivof '• . > 1,591,100 

iHatcri .«- 65,120 

I>un:h«»t«r A Milton^' 73,340 

£d^Lern • - - • - * .2,353,400 

KMtoo Bntach 49,325 

Ymcx - 2r9,107 

Fairhiivei* Bmooh >• • • 228,657 

FiicblfUrg 3,540,000 

Fi tcbb u rjc A \V orceste r 2 1 4,'296 
Uiin)iM.|ureA HiimpUen 292,950 
a.>m Fund Brancb.. . 2,000 
Le«- A W. CamUri-lgts ^ 24 1 , 2M 
Lowell A Lawreuf^e*. • 200,000 
Mi»rlWrw' Bfiuu'li *.' 60,5*6 

MediTny BruiHh 29.UOIJ 

Midllo^Mjr.y A TauiiUin l4H.Uti7 
MiJUiiil ...'.-*•' 1,301,400 
XMhitA A Lowell «« * 60O,0tK^ 
X. B«arorii A Tautiliiti 500,000 

Xewbiiryjiort... 220, i 10 

New Ymk A Bo«tori.. 223,176 

Nur- 

OM i ai Riv,3,OI5JQO 

IVUm i rJjirley.. 263JUO 

PitlafieUi A N, Mnrnn^ 450,000 
l>rr.ri.l« nrr .t Won cat 1,510,200 
I...... 243,305 

209,532 
259,683 
44B,700 
267,300 
8a,400 
250,000 
34i5,'Al6 



$203,621 



FuDiJod 

Debt. 

$£J7,6O0 



1 nch ■ ■ 



S. I: 

SoUiu : ^ » - .. * 

.stonr Rr»ok- — *» 
Trx>> .* ..-^^.utild 

V9fBM»Ut A 

ollttiviU ' • 



WvtiSlQckbridge.'.- 



2,214,215 

6,150,000 

39.600 

1»141,0U0 



85,000 
600,OUU 
1,9J0,[K)0 
4,076,974 
3,160,000 
4,500,000 



1,591,100 



3,&40,00{l 
186.800 



241,200 
200,000 



600,000 
50U,OUU 



3,015.100 
13^,666 
450,000 

1,610,200 



448,700 

267, aOO 

S5,400 

250,000 



CITY rAJiSK^QEM RAILROADS. 

BoilQii A ChoUea.- • * * 140,000 

BfOMlw»^L ..- 53,600 

CMnbridg* 300,000 

Cnioii - 160,000 

Beifrbestiir-- 87,9iKJ 

Bofvliflster KxtoiuioQ^ 12,000 

]Ulil«BAM«lrtJ8«'** 200,U4Ja 

M^tmioUtiin 170.000 

ICi4iil<»e«. 295,100 

Stwton ••* 26,000 

Sotn - *' ■ 6ft,000 

W. tartown 17.200 

H','^ i-« 11,350 

W**i iUj-Uar J 4LI,4()0 



661,690 



49,325 



65,120 

73,340 

2,853,400 

299,107 
229,657 



174,220 

500,000 

i9a,U0O 

252,500 

64,500 

36,900 

2,030,500 



2dO,26l 
100,000 



5,150,000 

39,6(J0 

1,141,000 



140,000 

63,600 

300,000 

160,000 

87,900 

12,000 

200,000 

470,000 

295,100 

26,000 

69.000 

17,200 

ll,3r,0 

40,400 



27,496 

292,950 

2,000 

60,546 

29,0<J0 

143,067 

1^301,400 


62,900 
303,014 

' V,500 
100,000 


220,240 
223,176 

l3/,034 


221,600 
175,000 
414,350 
134,500 


209,532 
259,6S5 


300,000 
226,900 

153,290 


isV/ioe 


249,000 


2,214,225 


1,003,880 
6,125,520 




194,500 




174,000 
26,058 




200,626 



' Totiil IniJubiudneMS * 

Amount Productive, t'oprod, 
$106,800 $105,600 $*.*.a 



440,000 



445,366 


446,365 


.••••» 


174,220 
629,595 
229,499 
252,500 
162,121 
42,950 
2,091,010 


174,220 
629,695 
229,499 
25J,5O0 
125,000 
36,1^ 
2,091,010 


37,121 
6,050 


477,6b9 

256,464 

100,000 

63,2CK) 

360.079 

13,233 

1,500 

100,0OU 

5,453 

3,654 

10,300 

10,414 


214,046 

256,464 

lOO^ODO 

63,200 

200,000 

13,233 

1,500 

100,000 

5,453 

3,564 

10,JOO 


263,643 
160,079 

Vo,4I4 


19,600 
433,293 
177,853 
414,350 
195,400 


19,aX) 
300,000 

195,400 


133,293 
177,853 
414,350 


227,210 


30ol0Of> 
227,216 




l'56,lll 


156,111 




' 3,000 
228^864 


3,000 
228,834 


■••••• 


1,003,880 
6,334,245 


1,003,880 
6,334,245 




195,362 


195,362 




6,464 

174,000 
69,407 


6,46*4 

174,000 
69,407 




233 

67.227 

102,491 

28 


233 

C7.227 

102,491 

28 




650 


650 




900 


900 






Total 



.45,634,712 35,531,915 10,152,797 14,212,919 15,545,705 14,352.902 1,192,903 



02 



STATE OF MA5SACnCSETT3, 



The railrrtada of the State ol* Massachusetts present results much more 
fiivorable than those of any oilier northern State, (with the exception of New 
Jersey), in the ratio of productive to unproductive capital invested in them, 
and in the aniouot of dividends paid. Of the total liabilities of all tlie corn- 
punier, amouutitig to 801^:230,417^ interest and divideiidsj were paid the pasit 
year on $49,884,817, leaving as unproductive, $li;^45,600. 

The aggregate earainga of all the railroads of the State have been 
?; 124,500,121, oi" which 800^591, UOtJ have been received for transportation of 
passengers; $50,884,263 for transportation of freight; $7,079,952 for mails and 
from oiiscellaneouB Bourcos. The current expenses have been $68,893,377, 
leaving $50,072,744 ub net earnings. The amount paid in dividends has been 
$34,2;i0,l()5. The ratio of gross earnings upon the cost of the road has 
been 14.13 percent.; current expenses, 7.72 per cent; net earnings, 6,41 
per cent. The dividends paid have averaged 5.09 percent, on the aggregate 
share capitals of alJ the roads. 

These results, considering the period embraced of 25 years, and mcludlng 
all the roads in the State, are very favorable. There are few investments 
that have paid better than those made in the leading roads of the State, 

Massachusetts is the only one of the New England States in which rail- 
roads, as a rule, have been productive investments. This is owing in a great 
iieasure to the pursuits of its people, who are mostly engaged in commerce 
ind manufactures. Railroads constructed in sucli portions (jf New England as 
are devoted to agriculture have generally proved ladnres. In Massachusetts 
only is found a population sulliciently dense to atlbrd an adequate support 
t«) the necessanly expensive roads of the North Eastern SUites, There is 
probably no State, the people of wiiich contribute no largely to the support 
of railroads as those of Massachusetts, The receipts of all its roads for the 
past 10 years have averaged $8 per head, A similar ratio for the whole 
ctMintry would swell the receipts of all the railroads of the country to 
§250,000,000, or twice their present earnings. 

It is a remarkable fact that tlie cost, per mile, of the railroads of this 
State ha3 not increased for the piist 10 years. The const jHn!tion accounts of 
nearly all the loading roads of the State have been closed for many years. 

In the condensed statement, the earnings of the Albany and West 
Btockbridge, la Xew York ; the Eastern, and Boston and Maiae, in New 
llampshirej are included. 



I 



STATE OF MASSAC III SETTS. 



93 



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RAILROADS OF THE STATE IX DETAIL. 



AGRICULTUKAL BRANCH RAILROAD, 
[F inane ial ^mr cndhiff 30/A Kovemhefy 1859,) 

Board of Dihectohs and Officers, 1859-00. 

Ojrua Gtle ^Narthboronghy Mass. | Step!) en Mtirse NorMormigh, Masi* 

SttUifBii Fav FayvilU, *• | J< »lin ^VoDxel I , ♦• 

WildtT Biisb Norfhlforotighj " I William F. Elii^ « * 

J. S. Witherbee '* " j Ivers Phillipii. Worcester, * 

IviCRS PHiLLrPS, President . . * , Wnn-ester, Mass. 

Sullivan Fat, Secrefart/ and Trertsnirer* FajviUe, ** 

pRi.Sf iPAL Office* • Framingham, MMleseis Cb., Mass^ 

Length of Road — {Fi'ttj<:citd\ Framiiigljam Centre to Sterling 28.30 miles* 

( CjmphfffI ) , F ra t n i i j i; i i n m Cen t re to Ni>r t li bo ro uj^^h . . 15 .03 " 
Sidings ami other tnick?i, excepting (ttuiri line ami brutiehes, 0.95 mile. 

The A/irmdiurnl Bramh. Comptaitf was chartered on the 26th April, 1847J 
The road wns placed iiiider contract for eonetr action on the 2Uth Oetober,^ 
iSiVi, and €ompliited from Framin«jrhum Centre to Northborough on tho Istj 
Deeeniber, 1855. On the 23 il Afiril, 1S53, an ii«:p*eenient to leiise the rciud to' 
the Boston and Worcester Railnuid Conjpan}" had been signedjand was nowi 
ra titled, that C'onipany to bave poHi?eKsion of and operate the road for a tenri; 
of i2tl yeansj and to pay as rent therefor to^the Hriineh Company, in serni-annu«|i 
payments, oiie-thira the gross earning-* of the lt?ased road and of ttie busi-i 
Be.Hs originating and terminating tiiereon^ excepting Knmiingham Centre, tba; 
joint receipts fur tho bnsinc?;s of thut station being held as the business of 
the Boston and Worcester Corn|>any. This rent, however, was not to ex-1 
coed G per cent, on tlie eust of the mad; but the ler^see guaranteed absolutely! 
e per c-eut. on $60,000. 

SiuitE Capital— Authorized, S4Sn,000, in 4,H00 $100 shares. 
Paid in, - 203,<j22» on 1,G73 " 

FcNDED Debt— Deseribed as follo'ws — 

\$i Morhjnife G pfr cfnt, coupon hond^ . _S97,500 

— datcil li^t Jidy, 1856, and payable, pnncipal 1st July, 1865, and interest 
semi-aiiriualiy, Ist January atid Ist July, at the Nortliborougli Bank. Th© 
total amount provided (or in the rnnrtgai^e w'as $125^000. 

Floatixo Debt— 88,300. i 



Cost of Road and Equipment — ^8350,2*2^8 : in detail as follows — 



Qnkdualioti tirnl mn-8onry-» $108,675 

Wmxk'n bri-lgcs- • • ' * 2,355 

SupprstnutuTi?, including iron. 119,042 



Stilt i<ms, huildinp and l^:KLuru«- 



Land, lun^Hlamages, and fducefl 822,926 



Enj2;iiK!icriDg 
Riilling stock 



y,Uti t AgoDuios ftDd other expeasos* 



9,4T5 

78,741 



Received rent for the year ending BOth Nov., 1859 $14,124 



je 



The amounts paid on account of construction to the end of tho follownn^ ! 

ars was thus :— 1853, $10,Siin; 1K54, S137,rm: 1855, S241,069; 1856 
0289,419; 1857, $312,SiiM; 1858, $32I).921; and 1.859, $350,228. 

The reeeipts for rent of road under the lease bare been as follows: — 
185G, ^11,683; 1857, $10,018; 1858, $12,287 ; and 1859, $14,124. 

94 



M ASS ACHTSETTS- AMHERST, EELCUERTOWN A?JD PALMER, 



95 



AMHERST, BELCHERTOWN AND PALMER RAILROAD* 
(Fmnmkl year endiiuf 80M November^ 1850.) 

Board or DiREcroua and Ok-Firf:Rs, 1839-00. * 

John Leland AmJierst^ Mass. 1 Charles Ailfttns A^nhersi^ Mms* 

Edwmrd Di«!kjn!ton ** ** | Calvin Bridgman.. ,.,..-• " " 

L. M* UiLL!«, President Atnberst, Moss. 

J, S. A n 4 Ms^ Tteanurer and Secretary " " 

W. DixEY, Supenntoidntt " " 

pRt JcctPA L Office • Amherst, liampshire Cq,^ Mass, 

LoGxn or Road — Pftlraer to AmberBt,, . - , 19,50 niilea. 

SitlingH and other track, excepting main line, 0.39 mile, 

KoLLiKO Stock — Locomotive enp;mej9 1 

Cars: — Piyisenger, 2 ; l)a{*pige, 2 ; freight, 10 • gruvel, 2. ........ . 16 

The Amhrst and BelelitrUwn Railroad Company was chartered in 1850. The 
road was placed under construction on the '23d April, 1852. and completed 
and opened for public um on the 9th Muy, 18rj3. In 1>*57, the Company 
fulled In pay the interest on its bonded debt, and on the l«t January, IB.'JB, 
the Trustees under the mortgage tmjk possession. On the 14th Ortnber of 
the t^ume year the road was fioUt at atietion, ami pm'ch;ised by tite bond- 
holders for $8.5^000, On the 23d November following the juirehasers formed 
tbentBelvtid into a corporation under the tkle of the Amherst, Belch ertown 
mid Palmer Company; and on the 1st January, 1850, the Trustees trans- 
ferred the road to the new organization, 

Bhabk Capital— Authorized, 885,000, Original Capital, $195,101. 

FiTNiJKD Dkbt— None, Of the old Company, $85^000. 

Co« Of Road and Eqcipmknt— (30th Nov,, LH57), S295,337 : as follows— 



fiiparylmciure, including iron .t .» » • .•i21!),659^ 
FutioDf, ViuildiQgf Atid flit ure«, < » * ^ . . ^*ZA { 
Irfuad, Ufid-d»mAg«s and fenc^a- ■>-*** 27^9S2 



Engmeoring ♦• •••» •• 11,911 

KciUing st^Ksk. • 17,975 



Ag«tioi«i4 nad other expeii»M 



The construction account is now stated at $86,200. 

Ikcouc Account fob the Year Ending 30tii Nov., 1859. 

DUbiir»emenis — 



Puwnger earniugi 
Proighl 

IUdU, expren, etc. 



12,992 
972 
57a 



Toua- 



'•23,673 



Mnintcaance of way *•*♦.! 

Kf)p«ira of roUtog stock 

OperotiDg e3CtMjn«€S ......* 

Bividead of 6 per cent. <m •35,000,^ 
Siirpliu iucotne.' .*.......-•'-"••' 



ToUl- 



iB,&7a 



t2,6S0 

1,968 

ll,22fi 

S,IOO 

e3u 



.023,673 



Cofl 
T«^r^ of Ro*d, 
1SS3*. 1263,743 
LJ^«.. 290.07T 
11855.. 29:1,910 
«.. 294 Ji3 
im?.. 295,337 
llS6S*. 29S337 
' ».- 86,200 



Cost, Earninos^ Expenses, etc., \ karly. 

Mtje. , = GniM ErirninR* > Operating Net 

mge. I*a«'ger«. Freight. Mnils, ot«. Tottil. Expon»oa. Earning*!. $ 

19 50 (Imdudcd in New London, WiUiamrtntic A Palincsr Re turn* ) nU. 

19 50 «B,W3 i8,6il #947 118,111 m:m $4,92^! * 



- — ^Div. — * 

$ p, ti. 

ntJ. 






liJSO 
I9£i0 
19 50 
19.50* 
19^0 

117 00 
19 SO 



ii,2J7 
8,S37 
10,B53 
111,001 
9,139 

60,290 
10.049 



12.952 
10,713 
10,399 
13,276 
12,992 

ti8,r63 
11,491 



1,236 
1.003 
1,438 
1,101 
1,542 

7;i67 
1,211 



27,415 
20,253 
22,690 
21.373 
23.673 

136.520 
22,763 



22,670 
16.737 
17.343 
15,187 
17,743 

102,963 
17,160 



4,745 
3,616 
5,317 

9,190 
5,930 

33,556 
5,593 



6,100 

5,100 
850 



* Elereii looaibi* op^rittlona. 



MASSACHUSETTS-BERESItlKB. 



i 



BERKSIimE RAILROAD. 
I {Financial year emiini} Zi\th November^ 1859.) 

BOARU OF DlRECTOMS ANI> UirrcERs, 185D-G0, 

Oharlea Hunt ,Btidyeport, Ot. | Oliver Peck , . . • *BruIgeport^ €t 

CtiKRLKs \V. Hopkins, FreAuhut. Bridgeportj Ct. 

LxNOTii OF Road — West Stockbrirlg:e to Cimnet^ricut line • 2L14 mil 

KoLi.rNt; Stock — None. Uwned by [{ou^tonic Company. 

Tlio Berhhir^ Rnifrmid Ctympanff was idmrtcred in 1H37. Coristnictiori wa 
commenced in Fe!irn;uy, l>^41, under rniitract fnr S25i),000, and to be com- 
pleted by the 2l*<l May, 1S4:J. On Ilia Ist Det^cnibur, 1842, however, the 
road wan so lur conipleted that the ears of the Iloius.itonic Company ptu^^ed^ 
over its whole length ; nnd on the lltb Jiinuary, 1843, the line was loused tcH 
that Company in perpetuity, at 7 per cent, on \{b cost. On tlie Gth February,^ 

1844, the Company acee|)ted a lease of the West Stock bridge RLiilroad, in 
cnnjnnetion with the Hudson and Berkshire (i>mpany, and transferred \l» 
rights to tiiat road to the Housatonic Company. On tlie 18th December, 

1845, tlie Berkshire Company eontraeted with the Housatonic Company to 
have its road laid with lieavy iron, for whieli purpose its capital was inereasedj 
?25(MHK\ and the work war? cornpkMed during the next yean On the *J3d| 
June, 1S47, a further eontrart was made with the Honsatonic Compunj 
under whieh tiiis Company advanced $10<\(inu n>r the pnrcliaso of nMlitig^l 
stock. On all these sums the same rate of interest {7 per cent) is paid iai 
mnnthly instsihnents, atid the proceeds are divided among the shareholdemi 
Quarterly, The Company also holds 8*> shares (»f its own stock, the di^| 
QCDds on which are sutliuient to pay all current expenses. 

BiiARE Capital— Ori*,nnal aniout!t,$:i5Q,000, in 2,501) 8100 shares. 
Increased, 184^7, 25(r()l)(>, in 2,5tM> " 

1H47, lOO.OOU, in 1,000 •* 

— ^making a total of $600,00l>, on which there is divided $42,000 per annum. 

Funded or Floatinq Debt — None* 



Cost of Road and Equipmknt^$I>i>0/>00 : in detail as follows — 

Hatfirial nnd construction, •* --* 1500,000 | PoswDgor and bftggAgo can 

Ageocicq tmd other cxpoDnei • • • .....,..,..» , 

Income Account for the Yeah Ending 30th Nov., 1859» 



*B100,000 



Receipts — 
BentTp, 13. on»&00,000-'. 
IHrideodTp. con 93,000 • 



Total^ 



.1H2 000 
. 560 

•$42,561) 



Disburse mcniJi^ 
Diviiiemia on ^hnru Capital.' 
Currunt oxpenses • 



Total - 



>i42,aoti 

• SAO 



BOSTON AND NEW YOKK CENTRAL KAILKOAD. 
The Bmhiti and New York Ct^fttral Rniiroad Compantf was tlie succeBflor of 
the Norfolk County Kailroad Company, tlie Srruthhridgo and Blnckdtone 
Kallroad Company, and the ^ISdlauil Ivuilroad CornTtany, which were conso- 
lidated into the Bii.ston and New York Central ik-aih-oad Company on the 
12th December, 1853. Agreeably to provisi<m contained in the charters of 
tho beverul companies named, the Boston and New York Central waa sub- 



MASSACHUSETTS— BOSTON AND LOWELL. 97 

sequently merged in the Midland Railrond Company, which was chartered 
on the 19th March, 1858, and organized on the 31st of tlie same month. — 
(See Midland RaUroad.) 



BOSTON AND CHELSEA RAILKOAD. 
(See Boston City Railroads^ postea; see, also, the Maiden and Melrose Railroad Co.) 



BOSTON CITY PASSENGER RAILROADS, viz.: 



Boston and Chelsea, 
Broadway, 
Cambridge, 
Chelsea Beach, 
Dorchester. 



dorchestkr extension, 
Maldex and Melrose, 
Metropolitan, 
Middlesex, 
Newton, 



somkrville, 

Union, 

Waltham & Waterto'n, 

West Cambridge, 

West Roxbury. 

[SeCj postea. 



BOSTON AND LOWELL RAILROAD. 
(Financial year ending Z^th November y 1859.) 

Board of Directors and Officers, 1859-CO. 



William Minot, Jr Boston, Mass. 

William Amory " " 

Edward Spalding Nashua^ N.IL 

Onslow Stearns Concord, " 



George W. Lyman Boston , Mass. 

Isaac Hinkley Lowell, " 

Josiab G. Abbott " " 

Daniel S. Richardson " " 

F. B. Crowninshield, President Boston, Mass. 

George Stark, Managing Agent " " 

J. Thomas Stevenson, Treasurer " " 

J. B. WiNSLow, Super intenderU " " 

Principal Office Boston, Suffolk Co., Mass 

Length of Road — Main line, Boston to Lowell 20.76 miles. 

Woburn Branch, South Woburn to Woburn Centre 1.86 . " 

Second track, 26.76 miles. Sidings and turnouts, 16.67 miles. 

Total length of road owned by Company 28.62 miles. 

Length of Road leased, rented and operated by Company : 

Lowell and Lawrence Railroad, Lowell to Lawrence 12.35 " 

Second track, sidings, and turnouts, 2.20 miles. 

Salem and Lowell Railroad, Tewkesbury to South Danvers. 16.88 " 
Second track, sidings and turnouts, 1.74 miles.. 

Total length of lino operated by Company 57.85 miles. 

Rolling Stock — Locomotive Engines , 21 

Cars : — Passenger, 26 ; bagj;agc, 1 1 ; freight and gravel, 555 592 

The Boston and Lowell Railroad Companif was chartered on the 8th June, 
1830. The capital was limited to $500,000 in 1,000 $500 shares. In 1833 
the Legislature authorized its increase to $600,000 ; in 1834 to $1,200,000 ; 
in 1836 to $1,800,000, and in 1838 to $2,100,000. The construction of the 
road was commenced in the summer of 1831, and the whole line was opened 
for public use on the 26th Juikj, 1835. In 1841 the road was laid with a 
second track. The Woburn liranch Railroad Company was incorporated in 
1844 with u capital of $30,000. The franchise of this Company was subso 



98 MASSACHUSETTS— r^OST }N AND LOWELL. 

quently transfoiTcd to the Boston and Lowoll Company, and the road built 
by it in 1844-5 at a cost of $45,522. In 1847 the Company was authorized 
to extend its main road so as to enlarge its accommodations both in Lowell 
and Boston, which were completed in 1857. 

On the 29th January, 1857, the Boston and Lowell, and the Nashua and 
Lowell Railroad Companies entered into a contract for the working and 
management of the roads of the two companies as one line — ^the Boston and 
Lowell Company to receive 69 per cent., and the Nashua and Lowell 31 per 
cent, of the net earnings — the joint companies to assume the contracts made 
by the Nashua and Lowell Company with the Stony Brook and Wilton 
Bailroad Companies. The contract between the two companies, which was 
to expire on the Ist April, 1860, was on the Ist October, 1858, extended for 
a penod of 20 years. On the same date, a contract was entered into by the 
Boston and Lowell Company with the Lowell and Lawrence, and the Salem 
and Lowell Railroad Companies for the transportation of persons and freight 
over their roads for a period of 20 years, by which the former Company 
agreed to run and mnintain the roads of the latter, and pay as rent therefor 
the sum of $17,500 to the Salem and Lowell Rtrilroad Company, and $21,780 
to the Lowell and Lawrence Railroad Company; the payments to the former 
to be made half yearly on the 15th February and 15th August ; and the pay- 
ments to the latter to be made half yearly on the Ist April and Ist October. 
By an agreement between the Boston and Lowell and the Nashua and 
Lowell Companies, of the same date, the two are to divide the profits and 
losses growing out of the above contracts, in the ratio as the net earnings of 
their roads are to be divided. 

Share Capital — Authorized, $2,100,000, in $500 shares. 
Paid in, - 1,830,000, " " 

Funded Debt — $440,000 : in detail as follows — 
Six per cent, coupon bonds - — $440,000 

— issued at different dates from 1853 to 1856, and payable Ist January, 1873; 
interest payable 1st Jan. and 1st July, in Boston. 

Sinking Fond. 
To provide for the retirement of the Funded Debt of the Company a 
Sinking Fund was created, to which annual payments are made equal to one 
per cent, on the capital stock of the Company, viz. : $1,800,000. The first pay- 
ment made was in 1856. The amount held by the fund on the 30th April, 

1859, was $64,050. 

Floating Debt — None. 



Income Account for the Year Ending 30Tn Sept., 1859. 

Disbursements — 

Fuel $4I,M9 

MaintcnaDco of road, etc 80, 1 12 

Repairs of rolling atovk 52,032 

Morchandiso oxponses 30,595 

Wajfca 43,028 

Taxes, insuroDce, etc 10,866 

Oil and waste 5,363 

Miscellaneous business (joint) 17,168 

Rents to leased roads. 32,286 

General expenses (B. A L. Co.) 7,577 

Balance, interest account 25,794 

Surplus income 189,121 

toUl $525,490 Total 9525,490 



Receipts — 

PsMenicer earnings^ •* $191,357 

Freight " 299,208 

Mall " B,921 

Kxprew " •; ^'''^^ 

Other sources, connected with the busi- 

nets prior to 1867. 21,311 

BcnU... 930 



MASSACI1USETTS->B0ST0N AND MAINE. 



99 



Cost of Road and Eqcipment — $2,428,593 : in detail as follows — 

•$453,117 I Land, Innd-damagos and fences $404,79^ 

. 119,557 I Locomotives 92,802 

• 367,825 I Passenger and baggage cars 34 ,205 

• 852,592 Merchandise cars. 56.339 

47,359 



Gradaation and masonry 

Wooden bridges 

Soperetructare, including iron • • 
8titions, buildings, and fixtures, 
Engineering 



General Ledger Balance Sheet, 30th Sept., 1859. 



Dr. j 

Cost of road and equipment. $2,428,593 

Tru«tee Sinking Fund 64,050 

Notes receivable, secured by mort- 
gages 12,354 I 

Fuel, materials, etc 76,064 

Cash.. 48,544 



Cr. 



Share Capital $1,830,000 

Funded Debt 440,000 

Dividends, etc 5,365 

Profits 354,239 



ToUl- 



.$2,629,604 



Total. 



.$2,629,604 



Cost of 
Tear. Road, etc. 
1835. $1 312,239 
1936. 1,505,645 
1,508,394 
1,575,663 
1,698,476 
1,729,242 
1.834,893 
1,978,286 
1,863,746 
1,902,655 
1,932,597 
1,940,418 
1.956,719 
2,013,687 
1,945,646 
1,945,646 
1,945,646 
1,995,249 
2,044,536 
2,158,932 
2,188.6^ 
2,336,449 
2,412,251 
2,424,598 
2,428,592 



1837. 
1533. 
1939. 
1840. 
1841. 
1842. 
1343. 
1844. 
1845. 
18)6. 
1847. 
1848. 
1849. 
1850. 
1951. 
1852. 
1953. 

ia>i. 

1855. 
1^56. 
1857. 
1858. 
1859. 



Mile- 
age. 
2576 
25.76 
25.76 
25.76 
25.76 
25.76 
25 76 
25.76 
25.76 
25.76 
27 62 
27 62 
27.62 
27.62 
27.62 
27 62 
27.62 
27 62 
27.62 
27.62 
27.62 
27.62 
2862 
2862 
28.62 



Cost, Earnings, Expenses, etc., Yearly. 



Pass'er. 

$54,654 

125,124 

117,643 

109,081 

135,037 

127,008 

145,953 

138.042 

141,427 

165,285 

176,951 

185,234 

209,612 

201,218 

179,789 

177,372 

174,241 

157,170 

172,882 

166,307 

194,735 

195,643 

171,379 

151,657 

195,425 



-Gross Earnings- 



Freight. 
$10,000 
40,000 
63,127 
82,697 
106,131 
102,614 
119,691 
132,0.59 
131,273 
145,915 
173,443 
193,836 
234,815 
255,149 
230,174 
221,211 
226,054 
222,004 
2.V2,574 
267,252 
285,326 
283,142 
252,609 
241,205 
307,627 



Mails. 



Total, 
$64,654 





165,124 




180,770 


.... 


191,778 


52 


241,220 


1,953 


231,575 


1,897 


267,541 


8,209 


278,310 


4,615 


277,315 


5,709 


316,909 


5,673 


3.56,067 


5,032 


394,102 


4,129 


448,556 


4,972 


461,339 


6.525 


416,488 


7,838 


406,421 


8,859 


409,153 


8.934 


388,108 


9,143 


434,599 


8,932 


442,491 


9,693 


489,754 


11,948 


490,733 


11,874 


435,862 


14,537 


407,399 


23.425 


531,477 



Operating 
expenses 
$19,125 
75,326 
78,508 
75,598 
92,152 
91,400 
119,469 
165,175 
109,666 
169,293 
175,042 
212,234 
253,409 
268,707 
266.288 
257,884 
268.029 
257,227 
320,501 
364,479 
366,120 
385,347 
264,531 
241,291 
322,678 



Earnings, 
less exp. 
$45,529 

89,798 
102,262 
116,180 
149,068 
140,175 
148,072 
113,135 
167,749 
147,616 
181,025 
171,868 
195,147 
192,632 
150,200 
148,537 
141,124 
130,881 
114,098 

78,012 
123,634 
105,386 
171,331 
166,108 
209,799 



$ 
$45,000 

30.000 
105,000 
105.000 
132,000 
138,000 
144,000 
144,000 
144.000 
144,000 
144,000 
144,000 
144,000 
144,000 
146,400 
146,400 
146.400 
118,950 
109,800 

54,900 
109,800 

73,200 

91.500 
109,800 
146,400 



Div. — . 
p.c. 

31 



25 yi. 48^78,700 664.90 3,968,869 4,579'928 166,948 8,717,745 5,223,179 3,494,866 2,960,550 
Am. 1,943,148 26.59 158,754 183,197 6,759 348,710 208,928 139,782 U8,422 



2 
7 
7 
8 
8 
8 
8 
8 
8 
8 
8 
8 
8 
8 
8 
8 

I' 

3 
6 
4 
5 
6 
8 



61 



BOSTON AND MAINE EAILROAD. 
(Financial year ending 30^A JVbr., 1859.) 

Board of Directors and Officers, 1859-60. 



George N. Kitti*e<lge... ,Netimark€t, N.ll. 

Peter H. Homer Boston^ Mass. 

Henry SaltonsUll <» " 



James H. Duncan Haverhill^ Mas.^. 

Daniel M. Christie /)atw, N.H. 

1. L. Spclman Cambridge., Mass. 



Fraxcis Cogswell, President Andover, Mass. 

Horace C. Wilbur, 7*mwttrer Charlestown, " 

William Merritt, Sftperintendent Bo*<ton, " 

pRiNciPAi. Office Boston, Suffolk Co., Mass. 



100 MASSACUUSETTS— BOSTON AND MAINE. 

Length of Road, Main Line 74.2G miles. 

In Massacbusotts, Boston to New Ilamp. State Line. .35.78 miles. 
In New Hampshire, Mass. Line to Salmon Falls. . . #. .37.22 " 
In Maine, Salmon Falls to South Berwick Junction.. . 1.26 " 



Branch Roads — Medford Branch 2.23 milos. 

Methuen Branch 3.61 " 

Great Falls Branch 2.95 « 

8.79 



Total length of road owned by Company 83.05 miles. 

Length of road operated but not owned, Danvers Railroad 9.20 " 



Total length of road operated 92.25 miles. 

Length of second track and sidings on road owned 62.59 " 

" " " on other roads. 0.21 " 



Total equivalent single track mileage 155.05 miles. 

Rolling Stock — Locomotive Engines 30 

Cars : — Passenger, 43 j baggage, 13 ; merchandise, 504 ; others, 43 603 

The Boston and 3faine Railroad Company was formed by the consolidntion of 
four corporations, viz. : the Boston and Portland in Massachusetts, the Bos- 
ton and Maine iu New Hampshire ; the Maine, New Hampshire and Massa- 
chusetts in Maine, and the Boston and Maine " Extension" in Massachusetts. 
The Medford Branch was also built by the Boston and Maine Company 
under a separate charter. 

The Boston and Portland Railroad Company was chartered in 1833, and 
was authorized to build a branch from the Boston and Lowell Railroad, at 
Wilmington, to the State line of New Hampshire. 

The Boston and Maine Railroad Company was chartered in June, 1835, 
by the Legislature of New Hampshire, with authority to build a railroad 
through that State to the boundary of Maine. 

The Maine, New Hampshire and Massachusetts Railroad Company was 
cliartered in March, 1836, by the Legislature of Maine, with authority to 
build the line in that State from the New Hampshire boundary to South 
Berwick, and there to unite with the Portland, Saco and Portsmouth Railroad. 

By subsequent legislative adts a consolidation of all these companies was 
authorized, and consummated on the 1st January, 1842. 

The construction of the section between Wilmington and Andover was 
commenced in 1835, and opened for business in 1836. Between Wilmington 
and Boston, the track of the Boston and Lowell Railroad was used till July, 
1845, when an independent line to Boston was constructed under a charter 
obtained in 1844. From Andover to E.x'eter, New Hampshire, the road was 
opened in 1840 ; from Exeter to Dover in 1841 ; from Dover to Great Falls, 
and a junction with the Portland, Saco and Portsmouth Railroad on the 23d 
February, 1843. 

On the 28th January, 1843, a contract was entered into, in connection w^ith 
the Eastern Railroad Company, for a lease of the Portland, Saco and Ports- 
mouth Railroad for a period of 99 years, paying therefor a rent equal to 6 per 
cent, on its cost. The leiu«»e is a joint imdertaking, the two companies shar- 
ing equally in the profit and loss of operating the leased line. From the 
gross sum paid by each passenger 25 cents is first deducted in favor of tho 
road over which he is transported between Boston and the leased line. This 
has thus far paid current expenses and rent. — [See Fori,, S, ^ PorU* JUL 



MASSACnrSETTS BoSTOX AND MAINE. 



ICl 



In 1846, authority was obtained to change the route, so aa to make the city 
of Lawrence a point on its Hne ; also to construct the Methuen Branch, ex- 
tending from the Merrimac River, at Lawrence, to the boundary hne of New 
Hampshire, a disjance of about Si miles, to form a connection with the Man- 
chester and Lawrence Railroad. These improvements were completed in 
1848. The change of route hivolved the construction of 9i miles new road. 

The Methuen liranch was subsequently leased to the Manchester and 
Lawrence Railroad, and is now operated as a portion of that road. 

The Medford Branch was chartered in 1845. Construction was assumed 
by the Boston and Maine Company, by which it is now owned. 

On the 1st day of March, 1855, the Boston and Maine Company took a 
lease of the Dan vers Railroad for a period of 100 years, from the 30th of 
May, 1853, and agreed to pay absolutely therefor a rent of 87,500 yearly, to 
commence from the 30th of November, 1854, and such further sums as may 
result from operating the road. — (See Da fivers Railroad,) 

Shark Capital — Authorized by charter, $4,550,000, in 46,500 $100 shares. 
Subscribed and awarded, $4,155,700, in 41,557 $100 shares. 
Paid in, $4,070,975. 

Funded or Floating Debt — None. 



Cost of Road and Equipment — $4,215,306 : in detail as follows — 

GradoatioD and masonry 8892,067 I Land, land-damages and fences $815,837 

Wooden bridges 371,468 | Locomotivo engines 173,780 

Soperstructure, including iron 964,523 I Pu^^sengcr and baggage oars 60,695 

Statioos, buildings and fixtures 520,722 | Morohandiite cars. 133,882 

Engineering and agencies. 272,388 

AmscU and property not included in cost of road and equipment. 8303,659 



ReeeipU — 
Passenger • • • ■ 

Freight 

Rents 

Kails 

Interest 



Income Account for the Year ending 31st May, 1859. 



.§465,181 
. 327,668 
. 7,076 
. 9,617 
. 9,139 



Total- 



. 8818,681 



Disbursements- 
Repairs of road-bod, buildings, etc* 

" engines 

" cars 

Passenger expenses 

Freight " 

Fuel and water 

Renewals of iron 21,845 

" of rolling stock 7,690 

Rent of Danvers Road 7,500 

General expenses, taxes, etc. 76,905 

Balance net earnings 370.222 

Total. 



• 8111,354 
. 28,441 
. 19,058 
. 56,127 

• 56,545 
63,094 



> 8818,681 



General Ledger Balance Sheet, 1st June, 1859. 



Railroad and equipment. 84,215,366 

Materials on hand for wo'rk'g the road 87,555 

Bills and acoonnts receivable. 189,029 

Bo«ton A Maine RR. stk , 500 shares- 50.000 

Danrera Railroad bonds 7 1,000 

Banrers RR. land damage account • • • 258 

<)reat Falls and Conwaj RR. bonds • • 20,000 

A«6ts in Suspense Account — 

Newbaryport Railroad bonds, at 90 1 5,2 1 

" " aooount-..- 10,995 

" " notes 60,546 

Man. A Lawr. and other railroads.* 13,041 

'White MonnUin Railroad bonds • • • 1, 1 00 

Bondry freight bilU 3,526 



TotaL. 



.84,737,626 Total 



Cr. 



Capital stock received from sale of 

41,557 shares 84,076,974 

Temporary balances. 59,158 

Dividend payable July 1, 1859 166,228 

Danvers Railroad Sinking Fund** «* 
(Icoeral Reserve account, being un- 
divided earnings 



6.334 



428,932 



84,737,626 



102 MASSACHUSETTS— BOSTON AND PROVIDENCE. 

Cost, Earnings, Expenses, etc., Yearly. 

Cost of Road, Mile- * Gross Earnings ^ Operating Earnings, Dir.-— ^ 

Vear. &o. age. Pass'r. Freight. Mails,<fco. Total, expenses, less exp. 8 p. o. 

1840.. $523,091 20.18 $71,794 $18,848 $2,826 $93,463 $62,522 $30,946 14,816 31 
1841.. 653,289 50-74 85,928 25,291 4,797 116,016 62,021 3:i,995 23,422 5J 
1842*. 1,260,285 50.74 109,681 38443 7,756 155,890 79,278 76,602 53,130 6 
1843.. 1,384,049 58.24 119 434 52,494 6,817 178,745 109,177 6P,568 68,490 6 

1844.. 1,485,460 62.27 154,944 70,670 7,487 233,101 137,036 96,065 86,401 6| 
1845.. 1,935,091 62.27 172,603 97,486 16,974 287,063 154,099 132,964 116,165 7 
1846.. 2,626,746 79 52 223,192 119,538 6,406 349,136 179,734 169,402 152,789 7 
1847.. 3,021,172 79.52 321,182 179,988 10,334 511,504 220,259 291,245 214,227 9 

i848.. 3,571,832 79.52 332,161 170,185 9,281 511,627 264,534 247,093 252,798 8| 

1849.. 3,930,057 83.05 332,214 168,974 21,147 522,335 283,510 238,825 195,624 51 

1850.. 4,021,606 8305 387,681 187,914 19,368 594,963 289,478 305,485 207,785 5 

1851.. 4,090,452 83.05 408,815 192,574 31,705 633,094 305,068 328,026 290,899 7 

ld52.. 4,092,926 83.05 422,868 220,596 18,057 661,521 323.306 338,215 290,699 7 

1853.. 4.111,345 83.05 492,599 276,688 33,737 803,024 384,665 418,358 332,456 8 

1854.. 4,179.535 8305 552,843 297,446 56,501 906,790 485,228 421,562 332,456 8 

1855.. 4,179,546 83.05 540,712 283,430 30,283 854,425 524,366 330,059- 249,342 6 

1856.. 4,176,205 83.05 541,726 347,826 20,803 910,.355 512,228 398,127 249,342 6 

1857.. 4,229,231 83.05 503,886 317,553 28,121 849,560 492,083 357,477 249,342 6 

1858.. 4,219,326 83.05 439,254 292,769 22,764 754,787 431,888 322,899 270,120 6| 

1869.. 4,219,740 83.05 495,074 332,248 32,797 860,119 465,644 394,475 332,456 8 

861,810,934 1456.55 6,708,591 3,690,962 387,961 10,787,514 5,786,126 5,001,388 3,982,959 

Aver.. 3,090,549 72.83 335,429 184,548 19,398 539,375 289,306 250,069 199,148 6.6 

Note. — The General Balance Sheet and Income Account are for the year ending 31gt of May, 
1859. The figures exhibited in the table of yearly statements are taken from the annual reports 
to the Legislature, under date of 30th November. 



BOSTON AND PROVIDENCE RAILROAD. 
{Financial year ending Z^th November, 1859.) 

Board of Directors and Officers, 1859-60. 



Joseph Grinnell New Bedford, Mass. 

Samuel T. Dana Boston, " 

George AV. Hal let Procukuce, R.T. 



William Appleton Bost^m, Mass. 

John Barstow Proi>idence, R.I. 

C. II. Warren Boston, Mass. 



Charles H. Warren, President Boston, Mass. 

Henry Dalton, Treasurer " " 

Daniel Nason, Su.peniUendent " " 

Principal Office Boston, Suffolk Co., Mass. 

Length of Road — Main Line, Boston to Providence 43.50 miles. 

Dedham Branch, Dedhara to Jamaica Plain 2.97 " 

Seekonk Branch 1 .00 " 



Total length of road owned by Com pan}'' 47.47 miles. 

Length of road leased, Stoughton Branch, Canton to Stoughton.. . 4.04 " 
« " Easton Branch, Stoughton to Easton 3.78 " 

Total length of road ovrned, leased aud operated by Company,. . 55.29 miles. 

Second track and sidings on main lino and branches.. 22.70 " 

Second track and sidings on Stoughton Br., 0.52 ; Easton Br., 0.15. 0.67 " 

Total equivalent single track on lines owned and leased 78.66 miles. 

Rolling Stock — Locomotive engines 22 

Cars (8-wheel) : Passenger, 27 ; baggage, 13 ; merchandise, 154 194 

Cars (4-wheeI) : Merchandise, 13, and gravel, 20 33 

* Eleven months' oporationa. 



MASSACnUSETTS— BOSTON AliD PROVIDENCE. 



103 



The Boston and Providence Railroad Company was chartered on the 22d June, 
1831. The construction of the first section, between Boston and Sharon, a 
distance of 18 miles, was commenced in the latter part of 1832 ; the second 
section between Sharon and Attleboro, a distance of 14 miles, in 1833, and 
the section between Attleboro and Providence, 12 miles, in 1834. The road 
was opened from Boston to Canton, 14 miles, in 1834, and for its w^hole length 
in June, 1835. 

The road when first constructed* entered the city of Providence on the 
eastern side. This terminus was changed in 1847, to the one occupied on 
the western side of the town. The five and a half miles of the road between 
Providence and Pawtucket, were constructed and are jointly owned with the 
FVovidence and Worcester Kailroad Company; the track for this distance 
being used in common by both roads. 

Share Capital— -$3,160,000, in 31,600 $100 shares, (all paid in.) 

Funded Debt — $174,220, bonds at 6 per cent. 
The funded debt was created in 1856 for the payment of the floating debt 
of the Company. Of the whole amount $10,000 is payable in 1860; $30,000 
in 1861; 812,000 in 1862, $30,000 in 1863; $30,000 in 1864; $25,000 in 
1865 ; $16,500 in 1866 ; $6,220 in 1867, and $15,000 in 1868. The interest 
is payable half yearly at Boston. 

Floating Debt — None. 



Cost of Eoad and Equipment — $3,160,000 : in detail as follows — 



N«w track, India street 

Onduation and masonrj 

Wooden bridges 

Iron " 

Stations, buildings and fixtures* 

Land and land-damages. 

Seekonk Branch and whart 

Sjgineoring 



S13,190 
775,000 
101,000 
9,840 
497,000 
477,939 
31,656 



ProF. and Wore. RR. on joint acc't- • • .«399,905 
Boriton and Pro v. RR. in Rhode Island- 150,000 

Iron account. 335,064 

43.850 

23,155 

105,300 

44,100 

68,000 



Sleeper account* 

Fences 

Locomotives 

Passenger and baggage . 



95,000 I Freight cars. 



ReteipU — 
Passenger • • • • 

freight 

MaiU 

Hiieellaneoiui . 



Income Account for tue Year ending 30tu November, 1859. 



.«310,435 
. 303,307 
. 7,890 
. 33,041 



. $654,673 



DU'biirsements- 

AVood, coal and water $41,414 

~ ■ - - 66000 

46,900 
36,833 
34,391 
47.189 
44,296 
10,554 
221,200 
105,894 



Repairs of road • 

" of rolling stock 

" of bridges, buildings, etc* 

Passenger expenses 

Freight " 

Miscellaneous" 

Interest on bonds 

Dividends 7 per cent 

Net earnings. 



ToUl.. 



ToUl 

General Ledger Balance Sheet, 1st Dec, 1859. 

Dr. 

Capital, 31,000 shares 83,160,000 

Bukds pHjable, 1860-68 174,220 

Diridend due Jan. 2d, 1860 128,569 

Cash balances due 21,599 

Fonds for renewals, etc 41,249 

laeome Aooount, old balance 31,<:06 

" •* surplna, 1859 105,894 



• $654,673 



IMtl. 



$3,663,138 



Construction. • • • 

Equipment 

Cash assets. 

Property representing surplus— 
300 sha Bost. A Prov. RR stk- . 
400 shs. Stoughton Br. RR. stk.- 

Real Ciitate • • • • 

Materials on hand. 



Total 



Cr. 
..$2,952,600 
. . 207.400 
-. 339,657 

30,000 
40,000 
60,136 
33,145 

'$3,663,138 



104 MASSACHUSETTS— BOSTON AND WORCESTER 

Cost, Earnings, Expenses, Etc., Yearly. 

Cost of Mile- r— Grosa Earnings v Operating Earnings,^ Dir.— % 

Yr. Road, etc. age. Pass'or. i^ roight. Mails. Tutal. expenses, loss eip. t p. o. 

•'35 $1,500,000 43.26 $74,941 918.404 •••• 993,345 §59,211 $34,134 nU. nil, 

'36. 1,500,000 43.26 103,512 32,071 •••• 135,583 83,719 51,964 " " 

*37. 1,682,900 43.26 193,469 57,413 .... 250,832 156,2-38 94,644 68,356 4 

'39.1,782,000 43.26 196,974 68.140 .... 265,114 120,044 145,070 I42,&60 8 

'39.1,782,000 43.26 234,337 79,670 .... 313,907 193,562 120,345 142,560 8 

'40. 1,782,000 43.26 134,651 63,441 4,509 202,601 143,127 59,474 124,740 7 

'41. 1,782,483 43.20 152,016 71,011 7,794. 230,321 122,057 108,764 106,920 6 

'42. 1,892,831 43.20 163,787 62,123 10,557 236,467 112,824 123,643 108,483 6 

'43. 1,914,473 43.20 157,646 63,292 7,449 233,387 125,374 108,014 110,823 6 

'44. 1,926,134 43.20 189,657 87,301 6,643 233,701 113,834 169,866 111,600 6 

'45. 1,964,677 43.20 232,677 108,772 9,179 350,623 197,8'27 152,801 130,200 7 

'46. 2,109,455 43.20 230,486 110,882 19,507 360,875 169,679 191,196 172,700 8 

'47. 2,544,716 46,60 226,103 118,173 19,052 363,328 175,345 187,982 174,600 7* 

'48- 3,031,106 46,60 231,263 112,138 10.926 354,377 183,361 171,014 175.349 6| 

'49. 3,370,269 53 00 2*25,640 119,442 9,249 354,331 169,905 184,426 189,600 6 

'50. 3,416,232 63.00 232,321 127,705 10,701 370,727 161,930 208,797 173,800 5i 

'5 1» 3,369,599 6306 236,730 133,422 7,244 377,396 177,776 199,620 189,600 6 

'62. 3,546,203 53.09 256,423 155,029 18,032 429,484 216,858 212,625 173,800 5} 

'53. 3,576,041 65.29 299,990 190,647 17,639 508,326 281,637 2*26,639 205,400 64 

'54. 3,611,821 65.*29 316,100 214,594 14,135 644,829 335,703 209,126 94,800 3 

'55. 3,667,154 55.29 316,434 2*25,823 16,414 558,671 363,186 195,485 nil. nil 

'56. 3,659,966 55.-29 346,817 264,279 21,130 632,226 337,575 294,851 173,800 5| 

'57. 3,534,457 65.29 319,3*23 243,136 21,716 584,175 338,981 245,194 189,600 6 

'58. 3,524,981 55.29 276,725 229,877 31,162 537,764 294,191 243,672 189,600 6 

'59. 3,160,000 55.29 310,435 303,307 40,931 654,673 317,0*25 337,648 221,200 7 

«65,631,497 1,211.14 5,658,457 3,265,232 304,019 9,*2*27,703 4,951,019 4,276,689 3,370,103 

Af. 2,625,259 48.44 2*26,338 130,609 12,101 369,103 193,041 171,067 134,804 5J 



BOSTON AND WORCESTER RAILROAD. 
(Financial year ending 30^A November^ 1859.) 

Board of Directors and Officers, 1859-60. 



Daniel Denny Dorchester^ ^lass. 

Nathaniel Hammond Boston, " 

Benj. F. White " " 

Emory Washburn Cambridge, " 

Ginery Twitchell, PrestA^ient 



Israel Lombard Newton, Mass. 

Peter T. Homer Boston, " 

L"<aac Emery " " 

D. Waldo Lincoln Worcester, « 

Brookline, Mass. 



Horace Williams, Treasurer Boston, 

E. B. Phillips, Superintendent " ** 

Principal Office Boston, Suffolk Co,, Mass. 

Length of Road — (Main Lint) Boston to Worcester 44.63 miles. 

Brookline Branch, Boston to Brookline 1.55 miles. 

Newton Lower Falls Branch, West Newton to Fulls. 1.25 " 

.Saxonville Branch, Natick to Saxonville 3.87 " 

Milford Branch, Framingham to Milford 11.97 " 

Framingham Branch, Framingham to Fram'n Centre. 2.00 " 

Milbury Branch, Grafton to Millbury 3.07 " 

23.77 « 



Total length of main line and branches 68.40 miles. 

Second track and sidings on the same 59.13 " 



Total equivalent single track milcnge owned by this Company, .127.53 miles. 
Railroad hasedy rented or operated by Com pant/ : 
Agricultural lliiilroad, Framingham Centre to Northboro 15.03 " 

Total length of road in equivulont single track, operated by this Co.142.56 miles. 

Eleven months' opcnitions. 



MASSACHUSETTS— BOSTON AND WORCESTER. J 05 

Rolling Stock — Locomotive Engines 30 

Passenger cars, 46 8-wheel, 9 4-wlieeI, and 3-5ths of 2 express and 44- 

236tbs of New York line cars, equal to about Gl 

Baggage cars, 8, and 44-236tlis of 7 express line cars, equal to about 10 

Merchandise cars, 581 ; gravel cars, 73 G54 

The Boston and TTorcsster Railroad Company was chartered on the 23d June, 
1831. The charter of this Company was the first in the State which ex- 
pressly authorized the use of the locomotive. The charter provided that no 
other road leading in the same direction should be built within a distance of 
five miles from its route, and also that the State might purchase the road 
after 30 years from its completion on paying the cost of construction and 
such sums in addition thereto as would be equal to dividends of 10 per cent, 
annually on such cost. With this limitation the charter is perpetual. 

The construction was commenced in Aug., 1832, and the work completed 
in sections as follows — from Boston to Newton, 9 miles, 16th April; to Need- 
ham, 13J miles, 3d July ; to Hopkinton, (now Ashland,) 24 miles, 20th Sep- 
tember, and to Westboro, 32 miles, 15th November, 1834. On the 3d July, 
1835, the entire line to Worcester was completed. Upon this road the loco- 
motive engine was used for the first time m New England as the motive 
power for passenger trains. The double track was completed in 1843. 

The several branches owned by the Company were opened at the following 
dates: — the Millbury, in 1846; the Saxonville, in 1840 ; the Newton Lower 
Falls, the Milford, and the Brookline, in 1M7; the Framingham, 1849. 

The Agricultural Branch is leased for 20 years from 1st December, 1855, 
the Boston and Worcester Company agreeing to pay, as rent, one-third of 
the gross earnings of the branch, and of the joint earnings of the two roads 
on trafiSc originating or terminating on the branch, excluding Framingham 
Centre Station — the receipts so accruing not to exceed 6 per cent, on 
the cost of the road. The Boston and Worcester Company, however, 
agreed to pay, absolutely, C per cent, on the share capital ol the branch not 
exceeding m amount $60,000. — {See Af/n'mUural Branch.) 

Share Capital — Authorized and paid, 84,500,000, in 45,000 $100 shares. 

Funded Debt — $500,000 : in detail as follows — 

Uneoncertible 6 per cent, coupon bonds $100,000 

— dated Ist July, 1850, and payable, principal, 1st July, 1860, and interest 
semi-annually, Ist Jan. and 1st July, in Boston. 

Concerttble 6 per cent, coupon bonds $400,000 

— dated Ist July, 1850, and payable, principal 1st July, 1860, and interest 
Bemi-annually, 1st Jan. and Ist July, in Boston. 

For the payment of these bonds, the Company set aside, in 1856, from the 
net earnings, $100,000; in 1857,850,000; in 1858, 850,000, and in 1859, 
$183,000. These amounts, with such additions as may be made to the same 
from net earnings and interest, will provide a sum sufficient for their liquida- 
tion at maturity. 

Floating Debt— 829,595. 
Cost of Boad and Equipment — 84,728,580 : in detail as follows — 



OradnatioD and maaoDry 3737,376 

Wood«n bridges 266,103 

Sapentmeture, inclading Iron 1 ,4 1 0,8 11 

StatkNW, bnildingfl and fixtures 760,255 

IrfHid, laad-d«maget and fences 867,860 



Locomotive engines. tl79,425 

Patipcn^er and bnggage cars 76,566 

Merchandise cars. 182,425 

Engineering 228,759 

Agencies and other expenses None. 



held by the Company in addition to the cost of road, etc. 31,022,932 

14 



106 



MASSACHUSETTS— BOSTON AND NEW YORK CENTILVL. 



Income Account for the Year Ending 30tu Nov., 1859. 

Disbursements — 
Maintenance of way 



Receipts — 

Passenger $561,503 

Freight 471,064 

Kouta 18,983 

Mails 15,516 

Interest 31,471 

Surplus from 1858 358,051 



Total. 



$1,456,593 



$120,253 

Repairs of motive power and cars 83,029 

Miscellaneous expenses 352.258 • 

Dividend 7 percent 315.000 

Interest 34,242 

Cost of improvement at Brighton. 9.899 

Surplus income. 541,917 



Total.. 



•$1,456,593 



Dr. 



General Ledger Balance Sheet, 1st Dec, 1859. 

Cr. 

A.ssessments on capital $4,500,000 

Bonds due July, 1860 500,000 

Notes payable 9,000 

Unclaimed dividends 3,066 

Coupons not presented 180 

Dividend xVo. 49, payable Jan. 2, 1S6U 180,000 

Reserved income 541,917 

Balances due to railroads and indivi- 
duals 17,349 



Construction main road and branches '$4 ,29 1,1 64 

Equipment, engines and cars 437,416 

Sinking fund 289,420 

Collateral loans. 246448 

Cash 40,068 

Notes receivable 28,592 

Uncollected freight. 2 1, 129 

Fuel and materials. 138,460 

Bonds of Grand Juno. R. A D. Co- • •• 100,000 

Real estate 54,458 

Balances due from connecting RR.,etc 104,357 



Total. 



$5,751,512 



Total $5,751,512 



Mile- r- 



Cost, Earnings, Expenses, etc., Yearly. 

Gross Earnings — 
Freight. Mails. 



Cost of 
Yr. Road, etc. 
'34. 907,112 
'35. 1,160.556 
'36. 1,250,000 
'37. 1,577,546 
'38. 1,710,214 
'39. 1,848,085 
'40. 1,994.981 
'41- 2,374,547 
'42. 2,764,J% 
'43. 2.^36,168 
'44. 2,914.078 
•45. 3,212,264 
'46. 3,485,232 
'47. 4,113,609 
'48- 4,650,393 
'49. 4,90:^,332 
'50. 4,&S2,648 
'51. 4,862,748 
'52. 4,845,966 
'53. 4,850,754 
'54. 4,856,370 
'55. 4,865,439 
'56. 4,855,410 
'57. 4,843.779 
'58. 4,689,093 
'69- 4,728,580 

$89,983,305 1473.95 8,108,655 6,526,119 513,990 15,143,764 8,397,895 6,750,869 5,521,1)00 
At. 3,461,088 56.69 311,871 251,064 19,768 582,643 322,995 259,648 212,346 74 



ago. 


Pass'er. 


31.50 


$29,419 


4463 


95,279 


47.63 


124,788 


47.63 


118,331 


47.63 


112,032 


47.63 


122,496 


47.63 


170,8.55 


4763 


190,097 


47.63 


186,610 


47 63 


207,267 


47 63 


234,634 


47 63 


241,219 


51.51 


279,792 


52 76 


304,580 


66.28 


332,885 


68.27 


330,6:M5 


68.27 


397,249 


63.27 


403,362 


68.27 


424,713 


68.27 


481,222 


68.27 


512,764 


68 27 


629,185 


68.27 


566,125 


68.27 


547,339 


63 27 


504,268 


68.27 


561,508 



$.... 

33,821 
54,397 
86,716 
94,827 
106,251 
92,819 
110 003 
148,188 
162.656 
175,996 
233,505 
260,166 
374.663 
359,073 
331,333 
330,780 
318,933 
314,943 
382,553 
405,498 
444,982 
509,225 
438,102 
385,614 
471,065 



$.... 

3,287 

4.004 

4,214 

5,466 

3,060 

3,873 

10,703 

14,403 

13,444 

17.807 

12,731 

14,7.54 

42,927 

24,326 

41,387 

29,917 

21,627 

19,163 

23,439 

34,632 

33,8-38 

3.3,431 

33,703 

33,341 

34,493 





Operating 


Earnings,. 


Total. 


expenses. 


less exp. 


$29,419 


$14,926 


$14,493 


132,387 


70,607 


61,780 


183,189 


103,674 


79,515 


209,261 


119,062 


90.199 


212,325 


93,493 


118,832 


231,807 


126,384 


105,423 


267,547 


140,441 


127,106 


310,808 


162,993 


147,815 


349,206 


168,509 


180,697 


383,367 


206,641 


176,726 


428,437 


233,273 


195,164 


487,4.55 


249,729 


237,726 


554.712 


283,876 


270,836 


722,170 


381,935 


340,185 


716,234 


381,917 


334,367 


703,361 


405.551 


297,810 


757,946 


377,011 


380,905 


743,9i2 


393,68/ 


350,235 


758,819 


409,740 


349,079 


887.219 


455,528 


431,691 


952,894 


594,528 


3,58,36b 


1,003,005 


603,542 


404,463 


1,108,781 


671,719 


437,062 


1,019,149 


612.636 


406,463 


923,223 


570,929 


352,294 


1,067,071 


565,434 


501,637 



DiT. » 

$ p.c 

niL nil. 

25,000 2 

50,000 4 

120,000 8 

102,000 6 

110.500 6| 

105,000 6 

114.000 6 

184,000 8 

162,000 6 

182,500 6i 

232,000 8 

236,000 8 

315,000 9 
332,500 
303,000 



7 



270,000 6 



315,000 
315.000 

315,000 7 

315,000 7 

270,000 6 

292,500 6J 

31,5,000 7 

270,000 6 

270,000 6 



BOSTON AND NEW YORK CENTRAL RAILROAD. 
{See Midland Railroad.) 



MASSACHUSETTS— CONNECTICUT RIVER. IQJ 

CHARLESTOWN BRANCH RAILROAD. 



Length of Road — Swett's Wharf, Charlestown, to West Cambridge 7.8 miles. 



The Charlestown Branch Railroad Company was chartered in 1836, with a 
capital limited to $500,000, and authorized to build a railroad from Swett's 
W harf, in Charlestown, to the Boston and Lowell Railroad. That portion 
of the road from the Boston and Lowell Railroad to Gray's Wharf, 1.3 
mile, was completed in October, 1839, and to Swett's Wharf, 1.4 miles, in 
January, 1840. On the 17th March, 1841, an act was passed authorizing 
the extension of the road to West Cambridge, with side tracks to the ice 
ponds, in all about G miles. The work on the new line was commenced on 
the 29th June and completed in the spring of 1842. On the 30th May, 

1842, the first locomotive was placed on the road, which had hitherto been 
worked by horse-power. This was borrowed, at $75 per day, from the Bos- 
ton and Lowell Company. The opening of this road marks the commence- 
ment of an important era of the ice trade of Boston. On the 4th May, 

1843, the Company conveyed to the Fitchburg Company sufficient land along 
its route for that Company to construct a track for its own road ; and by 
agreement, dated 29th December, 1843, contracted to carry the Fitchburg 
trains over the Charlestown and Fitchburg railroads to and from Waltham, 
to which point the latter had been completed. During 1844 a branch was 
opened to Fresh Pond, 1,925 feet in length. On the Ist September, 1845, 
the Fitchburg Company leased the road for 99 years, w^ith the right to pur- 
chase the same by paying $258,000, or $86 per share ; and until the purchase, 
to pay for the use of the same $15,480 per annum. Soon afterwards, how- 
ever, the Fitchburg Company elected to purchase, which was effected on the 
Slst January, 1846. 

Share Capital— Paid in, $300,000. | Cost of Road, etc., $327,388. 

Cost of Road, Earnings, Expenses, etc.. Yearly. 



Coat of Road Mile- 
Teftr. k, Equipm't. age. 


Paas'ger. 


— Gross Earnings- 
Freight. Mails, etc 


. Total. 


Ex- Net 

penses. Earnings 


t p.o. 


1839... «76,928 


1.3 


$.... 


«.... $.... 


$.... 


a... 8.... 




1340... 93,381 


1.4 




1,836 1,4U9 


3,245 


2,582 663 


nU. nU. 


1841... 174,717 


1.4 


.... 


1.248 38 


1,236 


(not stated) 


(( t( 


1842... 223,144 


7.4 


6,168 


6.495 51 


12,714 


6,190 6,524 


(( (C 


1843... 257,482 


7.4 


6,318 


23,816 224 


30,358 


26,821 3.537 


25,000 13 


1844... 280,259 


7.8 


7,787 


25,344 1,522 


34,653 


20,693 13,970 


15,000 5i 


1845... 327,388 


7.8 


3,734 


21,397 1,683 


26,814 


16,276 10,538 


6,250 3 


7 TMiB 41,433,299 


34.5 


24,007 


80,136 4,927 


109,070 


72,552 35,232 


46,250 



CONNECTICUT RIVER RAILROAD. 
{Financial year eliding 30/A November y 1859.) 

Board of Directors and Ovficers, 1859-60. 



JEdward A. Dana Boston^ Mass. 

Chester W. Obapin. , » ^Springfield^ 

Henry W. Clapp 

John Chase 

Daniel L. Harris, President.... 

Seth Hunt, Treasurer Northampton, 

W. B. Brinsmadr, Superintendent Springfield, 

Peincipal Orrics Springfikld, Hampden G/., Mass, 



I<>;natius Sarj^enf BostoUy Mass 

Rowland Mathe- s 

J. H. Butler 

I. M. Spelinan Camhrid^ey " 

Springfield, Mass. 



108 MASSACHUSETTS-CONNECTICUT RIVER. 

Length of Road — Main Line, Springfield, Mass., to South Vernon, Vt., .50.00 miles. 
Cliicopee Branch, Cabotville to Chicopee Falls 2.35 " 

Total length of road owned by Company 52.35 miles. 

Length of sidings and other track, 8.88 miles. 
Length of Leased Road — Ashuelot Railroad, South Vernon to Keene. 23.00 " 

Total length of road operated by Company 75.35 miles. 

Rolling Stock — Locomotive engines 12 

. Cars (8-wheen : — Passenger 13, baggage 6, and merchandise 148 167 

" (4-wheel; : — Merchandise 2, and gravel, etc., 20 28 

The ConnecttctU River Railroad Company is a consolidation of the North- 
ampton and Springfield, and the Greenfield and Northampton Railroad 
Companies, the former chartered in 1842, and the latter in 1845. Each hav- 
ing authority to consolidate with the other, articles of agreement to this effect 
were entered into on the 8th July, 1845, and a new company formed under 
the title of the Connecticut River Railroad Company, which was organized 
on the 18th July, 1845. The whole road was immediately thereafter placed 
under contract. The lower portion of the road had been previously put 
under contract by the Northampton and Springfield Company, and lour 
miles of the same to Cabotville completed on the 25th February, 1845. On 
the 13th December, 1845, the road was opened to Northampton, 17 miles, 
from Spiingfield. The northern division of the road was opened as follows : 
from Northampton to Deerfield, 11 miles, 17th August, and from Deerfield 
to Greenfield, 8 miles, 23d Nov., 1846. The remainder of the line to South 
Vernon was completed in 1848. The Chicopee Branch was opened in 1845. 

In 1849 a contract was entered into for a lease of the Ashuelot Railroad 
for a period of 10 years from the completion of that road, which took place 
m January, 1851 — the Connecticut River Company to maintain and run the 
leased line, and pay therefor, as rent, 830,000 annually; having also the 
right to renew the lease. The Ashuelot Railroad has been run with little 
or no profit, and the lease, which terminates in January, 1861, will probably 
not be renewed. 

Share Capital — Authorized, $1,750,000, in $100 shares. 

Paid on ordinary shares $1,283,600 

" 8 percent. Preferred Shares 307,500 

Total paid in-. _ $1,591,100 

The Preferred Shares were created in 1849, and will become common 
stock in August, 1860. 

Funded Debt — $252,500 : described as follows — 

Six per cent, (unsecured) bonds $170,000 

—dated 1st Nov., 1846, and payable, $25,000 on the 1st May, 1862; $80,000 
on the Ist Nov., 1862 ; $25,000 on the 1st May, 1863, and $40,000 on the Ist 
Nov., 1863; interest payable semi-annually, 1st May and 1st Nov., in Boston. 

1st Mortgage^ 6 per cent.^ coupon bonds $72,500 

— dated Ist Sept., 1858, and payable, principal 1st Sept., 1878, and coupons 
Kiemi-annually, 1st March and Ist Sept., in Boston. The whole amount pi-o- 
vided was $250,000. This issue was made for the purpose of retiring the 
the imsecured bonds at maturity. 
^^oies due in equal instalments^ \st Jn^j^ 1860, and \st Jan., 1861 .- .$10|000 



MASSACUUSETTS— CONNECTICUT RIVER. 



Floating Debt — ^None. 



109 



Cost of Road and Equipment — Sl,801,944: in detail as follows — 

Gradaation and maflonry 8513,243 I Land, land-damages and fences 8229,407 

Wooden bridges 42,992 | Locoraotircs 81,983 

Superstructure, including irop 545,283 I Passenger and baggage car* 23,350 

Stations, buildings, and fixtures 121,485 | Merchandise cars 82,225 

Eogineering, agencies, and other expenses 161,971 

Income Accocnt for the Year Ending SOtu. Nov., 1859. 



Receipts — 
PARsenger earnings- • • • 

Freight " 

Mail 

Express " 

Rent and other Murces- 

Balance from 1858 



8121,894 
. 135.283 
. 7,319 
. 4,200 
• 2,906 
. 71,668 



ToUl 8343,460 



Pisbnrsements — 

Opcrnting expenses 8127,819 

Rent of Ashuclot Railroad 30,000 

Miscellaneous expenses, etc 6,548 

Interest 13,067 

Dividend 1st Feb., '59 837,972 

1st Aug., '69 44,390—82,362 

Surplus income 84,664 



Total . 



•8343,460 



Dr. 



General Ledger Balance Sheet, 1st Dec, 1859. 



Cost of railroad and equipment 81,801,944 

Ashuelot railroad equipment 2 1,84 1 

Materials on hand 33,040 

Sojipense account 290 

Ferry stock and real estate 2,898 

Pajmaster 3,919 

Poit-OflBce department 6,104 

Sundry balances 6,506 

350 shares Connecticut River RR. stock 16,238 

Notes receivable 23,138 

Cash and cash balances 43,531 



Total- 



-81,959,550 



Cr. 

Share capital, common 81,283,600 

" jjrcferred 307,500 

Funded debt 252,500 

84,664 

6.041 

11,029 

13,402 

814 



Prolit and loss- 

Surplus real estate account - 

Expense bills payable 

Balance due 

Uucluimed dividends 



Total- 



Year. 
1845. 
1846- 
1S47. 
1S48- 
1849- 
1S50- 
1851. 
1852- 
1853. 
1854- 
1855- 
1356- 
1857- 
1853- 
1859. 



Cost 
of Road. 
8506,473 
1,010,542 
1,167,157 
1,568,184 
1,766,678 
1,798,825 
1,801,592 
1,801,946 
1,802,245 
1,602,245 
1,802,245 
1,801,943 
1,801,943 
1,801,943 
1,801,943 



Cost, Earnings, Expenses, etc.. 
Mile-' Gross Earnings- 



laiie-' uros«s jc^arnings ■ — » 

age. Pass'gcrs. Freight. Mails, etc. Total. 
19.35 810,102 83.419 8-.-- 813,521 

•JO Off on Trn mi nna o ooo co •>4^ 



3825 
38.25 
52.35 
62 35 
5235 
6235 
62.35 
62.35 
52.35 
62 35 
62.35 
62,36 
52.35 
52.35 



39,756 
70,207 
88,637 
106,262 
112,918 
111,861 
124,787 
133,655 
135,961 
142,926 
143,673 
133,161 
113,165 
121,884 



16,093 

48,319 

71.607 

79,818 

71,596 

76,579 

93,237 

113,794 

130,508 

129,647 

131,405 

120,741 

111,688 

135,233 



2,393 

5,425 

4,799 

6,992 

7,073 

11,455 

10,981 

10,772 

11,302 

13,989 

13,589 

13,808 

13,537 

14,425 



58,247 
123,951 
165,242 
192,072 
191,587 
199,895 
229,005 
259,221 
277,771 
286,562 
288,669 
267,710 
238,390 
271,592 



Yearly. 

Operating 

Expenses. 

85,520 

21,752 

62,291 

78,444 

95,091 

104,147 

102,185 

143,156 

156,122 

174,828 

196,067 

193,045 

liB,6b7 

155,293 

163,367 



Net 

Earnings, 
88,001 
36,495 
71,660 
66,798 
96,981 
87,440 
97,710 
85,849 

102,099 

102,943 
90,495 
95,624 
81.043 
83,097 

10ii,226 



•81,959,650 



-— DiT.*-> 
8 p c. 
nii. nil. 



60,684 
69,960 
38,049 
70,671 
nU. 
64,180 
51,344 
57,762 
64,180 
61,344 
25,672 
26,672 
67,762 



7 

8 
3 
5* 
nU. 
6 
4 
44 
6 
4 
2 
2 
4* 



15Ti824,055,904 724 06 1,588,957 1,333,939 139,539 3,062,435 1,827,975 1,234,460 627,180 
Arer. 1,603,727 48.27 105,931 83,929 9,302 204,163 121,865 82,297 41,812 



3i 



CAMBRIDGE RAILROAD. 
(See Boston City Passenger Railroads.) 



CHELSEA BEACH RAILROAD. 
[See Boston City Passenger Railroads.) 

« Koi inclading 8 per cent, on 8307,500 Preferred Stock (824,600), paid annually since 1850. 



110 MASSACHUSETTS— CHARLES RIVER BRANCH. 

CHARLES RIVER RAILROAD. 
{Xow a part of the New York and Boston Railroad,) 

Lenoth of Road — Boston to Woonsocket Village 29.50 miles. 

The Charles Biter Railroad Company was chartered in May, 1852, and 
authorized to construct a road from the terminus of the Charles River 
Branch Railroad in Dover to Woonsockct Village. The charter also pro- 
vided for the consolidation of these two companies, which was consummated 
on the 1st Nov., 1853, the united corporations taking the name of the Charles 
River Railroad Company. In 1855 the new Company became merged in 
the New York and Boston Railroad Company in Massachusetts. — (See 
Charles River Branchy and Boston and New York Railroads,) 



CHARLES RIVER BRANCH RAILROAD. 
{Now a portion of the Neto York and Boston Railroad,) 

Length of Road — Boston to Needbam Plain 8.60 miles. 



The Charles River Branch Railroad Company was chartered on the let May, 
and organized on the 9th June, 1849. Construction was commenced in July, 
1850, and the road completed to Newton Upper Falls, 6.1 miles, in the sum- 
mer of 1852, and to Needham Plain, 8.6 miles, in the following spring. The 
charter authorized its construction to Dover, a total distance of 12.1 miles. 
On the 1st November, 1853, in pursuance of the 6th section of the act in- 
corporating the Charles River Railroad Company, a consolidation was effected 
between the tw^o companies under the name of Charles River Railroad Ck)m- 
pany, (which see) \ and in 1855 the united company was merged into the New 
York and Boston Company. The cost of the Charles River Branch road to 
the date of consolidation was $253,808. It has been operated by the Boston 
and Worcester Company from its first opening. — (See New York and Boston 
Railroad,) 



CAPE COD BRANCH RAILROAD. 
(Fitiancial year ending 30/A November ^ 1856.) 

Board of Directors and Officers, 1859-60. 



Benj. Burgess Boston^ Mass. 

M.S.Lincoln •. " " 

John II. Shaw Nantucket^ N. Y. 



Alexander Baxter Hyannis, Mass. 

Richard Borden FaU River, " 

N. S. Sinipkins Yarmouthporty 



J, H. W. Page, President Longwood, Mass. 

E. N. WiNSLow, Treasurer and Sa})€rintemlent Ilyannis, " 

Principal Office Hyannis, Barnstable Co,, Mass. 

Length of Road — Main Line, Middleboro' to Hyannis 46.10 miles. 

Branch to wharves at Warelianj 1.04 " 

Second track, sidings, etc., 2.70 miles. 

Rolling Stock — Locomotive Engines 7 

Cars : — Passenger, 10 ; baggage, 5 ; merchandise, 43, and otlicrs, 61 119 

The Cape Cod Branch Railroad Company was chartered in April and orga- 
nized in July, 1846. The road was opened as follows: — from Middleboro' 
to Agawam, 15i miles, on the 31st January, and to Sandwich, 27} miles, on 



MASSACHUSETTS— CAPE COD BRANCH. 



Ill 



the 29th May, 1848; and early in 1849, the branch to the wharves, at "Ware- 
ham, was completed. In 1853 the section between Sandwich and Ilyannia 
was commenced, and the road was opened through to that point, where it 
connects with the Nantucket steamers, in the following year. 

SuARE Capital— Authorized, $800,01)0, in 10,000 $80 shares. 
Paid in, - 081,690 on 9,298 shares. 

Funded Debt — $190,000 ; in detail as follows — 

Six per cent, coupon bonds $144,600 

— Authorized in 1855, and issued at several dates, and payable Ist Sept., 
1865; interest payable half yearly, at the Company's office. 

Six per cent honds^ due Xat December, 1861 $45,400 

Interest payable half yearly, at Company's office. The bonds are not se- 
cured by mortgages upon the road. 

Floating Debt — $39,499, viz. : bills payable. 

Cost of Bo ad and Equipment — $1,031,625 : in detail as follows — 



Gnbdoation and masonry 9207,921 

Wooden bridgea 30,306 

Sapentmctare, including iron 433,121 

Stationfl, buildings and fixturee 91,290 

Land, land damages and fences 76,824 



Locomotive engines 954,546 

Passenger and baggage cars 31 084 

Merchandise and other cars 38,235 

Engineering 21,055 

Agencies and other expenses 47,243 



Income Account for the Year ending 30th November, 1859. 



SeceipU — 
Pa«enger earnings* • 
Freight " • • 

U. S. mail " . . 
Rents and wharfage* 



$83,654 

28,895 

5,600 

677 



Total $118,726 



Disbursemen ts — 

Maintenance of way 

Repairs of engines and cars 

Miscellaneous expenses 

Interest 

Discount and exchange on bonds* 
Surplus income 



Total. 



* $20,298 

* 15,321 
. 33,733 
. 11,802 

* 2,274 
. 35,298 

.$118,726 



Dr. 

Cost of road 

" equipment* 
A«eti,eic 



General Ledger Balance 'Sheet, Ist December, 1859. 



$907,760 
123,865 
60 643 



Total. 



Cr. 

Share capital $681,690 

Funded debt 190,000 

Floating debt 39,499 

Dividends, etc., due 5,140 

Earnings invested 175,939 



$1,092,268 Total $1,092,260 



Tear. 
1S48. 
1849* 
1850. 
1851. 
1652. 
1853. 
1854. 
1S6S. 
1856. 
1867. 
1858. 
1859.. 



CeetofRoad, 

k eqaip't. 

. $587,116 

. 616,759 

. 626,543 

633,676 

. 633,r66 

> 633,966 

. 963,974 

997,261 

1,028,151 

1,031,626 

1,031,625 

1,031,625 



Cost, Earnings, Expenses, etc.. Yearly. 

-Qross Earnings » Operating Earnings, 

expenses, less exp. 



Mile- 
age. 
27.80 
28.84 
2884 
2884 
2884 
28.84 
47.14 
47.14 
47.14 
47.14 
4714 
47.14 



Peas' r. 

$28,017 
35,430 
36,794 
36,472 
40,487 
46.692 
76,261 
89,430 
94,583 
94,527 
79,553 
83,654 



Freight. Mail8,Ac. 
$7,617 
14,973 
18,407 
18,533 
18,6S5 
21,009 
23,760 
24,699 
23,505 
22,410 
21,121 
28,895 



879 
1,655 
1,731 
1,571 
1,241 
2,099 
5,091 
5,965 
6,022 
6,172 
6,177 



Total. 

$35,635 

51.282 

56,856 

56,736 

60,743 

68,942 

102,140 

119.221 

124.073 

122,959 

106,846 

118,726 



-DiT.- 



$19,162 
31,145 
28,289 
30,998 
30,687 
32,245 
50,481 
70,609 
84,480 
63,061 
57,363 
69,352 



$16,473 
20,137 
28,566 
25,738 
30.056 
36,697 
51,6.<)8 
48,612 
39,593 
39,898 
49.483 
49,374 



$ 

$6,860 
niL 



7,500 
20,000 
25,000 
20,450 

nU. 



12 711^9,816,277 454.84 741,900 243.634 38,623 1,024,157 587,872 436,285 79.810 
Aver. 818,023 37.90 61,825 20,303 3,219 85,347 48,997 36,350 6,651 

* Three per cent on $681,699 stock, paid in stock. 



p.c. 

2 

nil 



2* 
6i 
8 
3» 
nU. 



U 



1 12 MASSACUUSETTS— DAN VERS. 

CHESHIRE KAILROAD. 
The Cheshire Railroad Company was formed by the consolidation of the 
Cheshire Company of New Hampshire and the Winchendon Company of 
Massachusetts. The latter was chartered in 1845, with authority to con- 
struct a railroad from South Ashburnham to the State line and consolidate with 
the New Hampshire Company. The union was soon afterwards effected 
and construction commenced in October of the same year. That portion of 
the line within Massachusetts, about lOi miles, was opened for public use on 
the ist October, 1847. — {See Cheshire Railroad of New Hampshire,) 



DANVERS RAILROAD. 
(Financial year ending 30^A November , 1859.) 

George Tapley, President Danvers, Mass. 

Length of Road — South Reading to North Danvers 9.20 miles. 

Sidings and other track, 0.21 miles. 

The Danvers Company was chartered in 1852, and commenced the construc- 
tion of its road in 1853, which was opened to the public in 1855. On the 
28th May, 1853, a contract was maue wuth the Danvers and Georgetown, 
and Newburyport Railroad Companies, whereby their trains were allowed 
to run over the road of the former. On the 1st of March, 1855, a contract 
was made by the Danvers with the Boston and Maine Company, whereby 
the latter agreed to assume the contracts of the former with the Danvers 
and Georgetown, and Newburyport Companies, and to run and maintain 
its road for 100 years from 1st May, 1853. As the consideration therefor, 
the Boston and Maine Company were to endorse the obligations of the Dan- 
vers Company to the amount of $125,000, and pay the interest thereon at 
the rate of six per cent, and the principal at their maturity, out of the anti- 
cipated profits of the road, and to pay m addition the net profits of the road 
alter deducting running expenses, at the same per mile, as upon its own Une, 
and the interest on the obligations described. The earnings of this line are 
included in those of the Boston and Elaine road. It has probably been run 
at a loss. 

SuARE Capital— Authorized, $100,000, in 2,000 $50 shares. 
Paid, - - 65,125. 

Funded Debt — 84,500 : in detail as follows — 

Six per cent, ohiiyatians yaaranfeed by the Boston and Maine Company $84,500 

— dated 1st March, 1855, and payable, principal 1st March, 1875; and in- 
terest semi-annually, 1st starch and 1st Sept. The whole amount pro- 
vided for was $125,000, of which $5,000 w^ere paid to a Sinking Fund. 

Cost of Road and Equipment — $218,839 : in detail as follows — 



Graduation nnd mnsonry $90,208 

Superstructure, including iron 77,066 

Stations, buildings, etc 9,374 



Land, land damages, etc 916,642 

Engineering 2,615 

Agencies and expenses 22,934 



Cost of road as per the several annual statements of the Company — 1853, 
$5,782; 1854, $118,031; 1855, $195,414; 1850, $203,150 ; 1857, $203,059; 
1858, $216,778, and 1859, $218,839.— (.5?^d? Boston and Maine Railroad.) 



MASSACHUSETTS— DAN VERS AND GEORGETOWN. 113 

DANVE118 AND GEOPwGETOWX RAILROAD. 

{ybtc a part of the Ne whir y port Railroad.) 

Leitgth or Road — North Danvers to GcNu-retown 12.38 miles. 



The Danvers and Georgetoioi Railroad Company was chartered in 1849, and 
organized in 1851. Coustructiou was commenced in the summer of 185*2, 
and the road opened for public use in the fall of 1853. On the 27th May, 
1853, lomning arrangements had been agreed to with the Danvers and the 
Newburyport Companies, and were carried out on the completion of the 
road, the earnings being divided pro rata. On the 9th February, 1855, an 
act was passed autliorizing the consolidation of the Danvers and George- 
town and the Newburyport Companies, which was consummated on the 22d 
February of the same year, the united companies taking the corporate name 
of the Newburyport Company. — (See Newburyport Railroad,) 

The following statement exhibits the condition of the Danvers and George- 
town Company on the 30th November, 1854 : 

Shaw capital paid in «l72,560 I Cost of road $163,664 

Flouting debt 122,758 | Profit and loaa 31,654 

Total 8195,318 | Total $195,318 



DORCHESTER AND MILTON BRANCH RAILROAD. 
(Financial year endifiy dOth November y 1859.) 

Board of Directors and Officers, 1859-GO. 

Nathaniel F. Safford Miltotiy Mass. I E. P. Tile.ston Milton^ Mass. 

Amor Hollingswortb « " | R. M. Todd « " 

Nathaniel F. Safford, President Milton, Mass. 

Seth D. ^^ HiTNEY, Treasurer " " 

Principal Office Miltow, Norfolk Co., Mass. 

The Dorchester and Milton Branch Railroad Company was chartered on the 
16th April, 1846, and its road was opened for use on the 1st January, 1848. 
Since its completion it has been operated by the Old Colony and Fall River 
Companv. Tne present contract between the two companies, which is dated 
the 3d tf'ebruary, 1858, to continue till 1st January, 1861, provides that the 
Old Colony and* Fall River Company shall run the Dorchester and Milton 
Railroad, supplying the necessary amount of rolling stock, and receive there- 
for one-half tho gi'oss earning, and, in addition, 50 cents per mile for every 
mile run by its trains ; the Dorchester and Milton Company to keep its 
road in repair. 

Shark Capital— Authorized, $130,000, in 1,300 $100 shares. 
Paid in, - - 73,340. 

Funded Debt — $36,900: in detail as follows — 

Six percent, coupon bonds , $25,000 

— dated Ist January, 1859, and payable, principal 1st Jan., 1864 ; inter- 
est semi-annually, 1st Jan. and 1st July, in Boston. These bonds are guar- 
anteed by the Old Colony Company, to which the road is mortgaged. The 
remainder of the funded debt ($11,900) is secured by sevenu pet*'^ 
gages on the property of the Company. 

15 



114 MASSACHUSETTS-EASTERN. 

Floating Debt — $6,050. 
Cost op Road and Equipment — $136,789 : in detail as follows — 

Oraduation and maaonry 940,725 I Stations, buildings, etc 911,721 

Wooden bridges 6,209 Land, land damages and fences 32,858 

Superst ucture, including iron 30,052 | Engineering, agencies, etc • 35,224 

Cost at the end of years.— UM, $74,265 ; 1848, $114,224; 1849, $128,010: 
1850, $132,171; 1851, $136,382; 1852, $136,372; 1853, $136,382; 1854, 
$136,889, and the same to present date. 

Income Account for the Year Ending 30th Nov., 1859. 

DishurscmenU — 



Receipts — 
Total from all sources 96,559 



ToUl 96,559 



Operating expenses 93,345 

Interest 2,100 

Net income 1,114 

Total 96,559 



The Company has published no statement of the earnings and expenses 
of its operations from year to year. These are included in the accounta of 
the Boston and Providence Company. 



DORCHESTER RAILROAD. 
(See Boston City Passenger Railroad, postea.) 

DORCHESTER EXTENSION RAILROAD. 
{See Boston City Passenger Pailroady postea.) 

EASTERN RAILROAD. 
{Financi^ year ending SOth November ^ 1859.) 

Board of Directors and Officers, 1859-60. 



Micajah Lunt Netchiwyport, Mass. 

Nathan D. Chase Lynn, " 

Henry H. Ladd Partsmouth, N.H. 



Franklin Haven Boston^ Mass. 

Samuel Hooper " <« 

John C. Lee SaUm, ^ 



George M. Browne, President Salem, Mass. 

John B. Parker, Treasurer Boston, ^ 

Jeremiah Prescott, Saperintende^U " " 

Principal Office Boston (Phenix Buildings), Suffolk Co,, Mass. 

Length of Road — Boston to State Line, N.H 44.10 miles. 

Branch Roads : — Marbl ahead Branch — Salem to Marblehead 3.50 

Gloucester Branch — Beverly to Gloucester 13.50 

Salisbury Branch — Amesbury to Salisbury 3.41 

Saugus Branch — South Maiden to Lynn 10.10 

South Reading Branch— Salem to South Reading 8.10—38.61 « 



Total length of line owned by Company* 82.71 miles. 

Second Track, 16.6 miles ; sidings, etc., 8.75 miles. 

Leased Roads : — Eastern Railroad in New Hampshire 16.55 miles. 

Essex Railroad — Salem to Lawrence 19.86 *< 



Total mileage operated by Company 119.12 miles. 

Rolling Stock — Locomotive engines 55. 

Cars : — Passenger 46, baggage 13, freight 300, gravel 55 414 



MASS ACE CSETTS- EASTERN. 



115 



The EmUrn Rallrmft Company of Massachusetts was chartered 14th April, 
1830* The coustruotion of the roud was cornmeneeri in Au^^ust fnlluwinrr, 
and the different sections of it opened sis followj* : — from Eawt BuHtou to 
Balem, 13 miles^ on tbo 27th Augur^t, 1838 ; from Salem to Ipewichj 12 
miles, on the IBlh December, 1889; fnun Ipswich to Newlmryport, J> njiles, 
on the 28th August, 1840, and froiii Ncwburyport to the New Hampshire 
line, on the £)th Novemher, 1H4U. The Mjirblchead Branch wa8 authorized 
in 1^39^ and completed on the 10th BecenihLT i\i the same year. The (ihiu- 
c«6ter and Salinbury branches, antlion/^ed \n 1845, wtire cruupleted — the for- 
mer on the 1st December, 1847, and tlie hitter on the 1st .lammryj 1S4S. 

The Sangus linmch Ivaih'oad Cumpimy way chartered in 1848. Its road 
was completed t^ariy in 1853, and purchased by the Eastern tVimpimy under 
the authority of an act of the Legislature, pas.^ed ^:JOth April, 1852* 

The South Heading Brancli RaihtnKi Company was eh:ntered on the 26th 
April, 1848, and the road completed nti the 1st September, 18o(i (Hi the 
Ist July, 1851, the Eastern Cumpany jjurcliased its share capital, and also it^s 
enjupnes and cai*s, and since tlie 1st October of the same year haa operated 
the road. Though owned by the Eastern CVanpany, u separate organization 
\» maintiiine<l, and st*[K irate report made annually to tlie Legislature. — {Sec 
South Ufadin^ Bnwrh Itailroad,) 

Tiie Eastern Ivailr«>ad of New" Ifamjjshire was leased to the Massachusets 
Company on the ISth February, 184U, for the term of 00 years, the latter 
agreeing to keep the road in repair, oj>erate it as a part of its own line, 
and pay to the stockholders of the New Hampshire Company the same divi- 
den«s as to iti? own. The Company was chartered on the 18th June, 1830. 
The construction of its road was commenced in 1839; and completed and 
conrHH.*ted with the ^la.ssachusetts road on the Ottj November, 1840, Its 
con.Htructi(>n accotint. at the close nf the fiscal year 1859, was $525,205; the 
fihare capital of tlie Company, ^492,500, — {Sf4 Etrntem Railroad &f N, Ilamp.) 

On the 28th April, 1M7, tlie Eastern, and Boston and Maine K:iih*oad 
Companies took a lease of tlie Portland, Saco aiid Portsmouth Railroad for 
a p<?riod of 99 years; the two companies gtiaranteeing per cent, aimually 
on the cost of the leased line, and sharing equally in the profits and losses 
gn»\ring out of the lease, exce))t'mg an allowance of 25 cents per passenger 
in favor of the company transporting such between the leased line and Boston. 
Till! earnings of tfie leased line have been sutficicnt to keep it in re[»aii*s and 
|«iy tlje rent guaranteed. — (Spf rurtlatni^ Sttty* ami Porfjtmotffh Railroad,) 

On ihe 31st August, 184B, tlie Eastern Railroad Company took a lease of 
the I'oad of the Essex Railroad Company for a term of five yeai's from the 
diite of its completion, agreeing to maintain and operate the same, charging 
therefor the average cost of maintiuuing and running it.s own and the ?^ssex 
road, excepting the cost of the ferry ; the lease to be binding on the Essex 
liaatroad Company until the paynient of its lial)ihties to the Eastern. The 
TXMid hn« been run by the Eastern (Company nnce its opening. The Eastern 
C/ompany also guaranteed, and have paid, the interest on the 1st lilortgage 
Hfinds nf the Essex Company to the amount of $214,400, wfiich fall due 
liit Sept, 180L There were due from the Essex to the Eastern Company, 
at tlie ilate of the last annual report of tlie latter. — $204,102. — {Ste Euex 
Maitrond Camparttf.) 

In l>*.'^2 measures were taken to change the entrance of the road into the 

Boston, avoiding the ferry at East Dt>st**n- Tliis change was ae- 

lied on the loth of April, 1>^54, when trains commcTJced running to 

and £^ito tiie »t;iti<U) on Causeway street. The new route makes use uf ihut 



IIG MASSACIIUSETTS-EASTEKX. 

portion of the Grand Junction Railroad between the Salem Turnpike and 
the crossing of the Boston and Maine Railroad, under a lease, extending 10 
years from March, 1852, paying as rent the sura of $11,000 annually. 

Share Capital — Authorized, $4,150,000, in 41,500 $100 shares. 
Paid in, - $2,853,400, in 28,534 " " 

Funded Debt — $2,090,500 : described as follows — 

Massachmetts State 5 per cent, bonds $500,000 

—dated 1st July, 1837, $100,000; 1838, $100,000, and 1839, $300,000; 
payable, principal in 20 years, and interest quarterly, 1st January, Ist April, 
1st July and 1st October, in Boston. These bonds constitute the sok mort- 
gage on the road. In 1856 an Act was passed by the Legislature, extending 
the time of payment, and making the capital payable in sums of $75,000 per 
annum after 1864. 

Five per cent, bonds $710,000 

— dated 1st July, 1852, and payable, principal 1st July, 1862, and interest 
semi-annually 1st January ana 1st July in London. 

Six per cefit. bonds > .- ..$445,500 

— dated 1st August, 1854, and payable, principal, 1st August, 1874, and 
interest semi-annually 1st February and 1st August, in Boston. 

Income 6 per cetit. bonds $375,000 

— dated 1st December, 1854, and payable, in sums of $75,000 annually on 
the 1st December; interest semi-annually 1st June and 1st Dec, in Boston. 

Interest on all classes of Bonds has been regularly paid. 

To assist in the construction of the Great i alls and South Berwick Rail- 
road, the Eastern Company guaranteed 1st Mortgage Bonds of that Com- 
pany to the amount of $60,000, bearing 6 per cent, interest, dated Se-pt. 1st, 
1854, and payable Sept. 1st, 1864; interest payable 1st of March ana Sept., 
at the office of the Eastern Railroad Company, by which it has been paid as 
it has fallen due. 

Floating Debt— $60,510. 
Cost of Road and Equipmrxt — $4,590,999, in detail, as follows : 

Locomotives S190.S88 

Passenger nnd bnggnge oars 118,571 

Freight and other cars 147,065 

Engineering 273,913 

Agencies and other expenses 344,437 



Grnduation and masonry $748,153 

Wooden bridges 417,046 

8u|>er.<itructure, including iron 1,106,573 

Stations, buildings and fixtures 542,268 

Land, land damages and fences 702,081 



Main Lino 83,124,848 

Marblehead Branch 55,843 

Gloucester Branch 338,880 



— which amount is distributed to the several works as follows : 

Salisbury Branch 879,199 

Saugus Branch 236,247 

South Reading Branch 299,468 

Equipment, $456,524. Property owned by Company in addition to the cost 
of road, $573,617, of which $8 00,000 consist of lands at East Boston. 

General Ledger Balance Sheet, 31st May, 1859. 

Dr. I Cr. 

Railntad and branches 84,134,476 Share capital 82,853,409 

Ei«»ex Railroad 264,103 I State of Massa^'husette 500.000 

Equipment 456,524 , Bonds 1,605^500 

Real estate 85,049 | Notes payable 76,653 

Stocks and bonds 35,536 1 Borrowed money 22,650 

Notes receivable 41,456 | Due other ro:ids, etc 26,046 

Cash and oash balances 62,-{16 Coupons for interest unpaid 6,117 

Material on hand 49,259 | Various current accounts 3B,344 

Total 85,128,719 | Total «5,12S,719 



ReuipU — 
Panenger earnings 
Fraigfat '' 

U. S. JUil 

Renta 

MuoelluMOiu 



MA.s.sAc:i;.si:rT--i;A.sroN brancu. 
Income Accocnt for the Year ending 30th Nov., 1859. 



117 



.8512,557 
. 138,734 
. 9,624 
. 8,259 
. 24,235 



Sniploj income from 1858* 



77,844 



Total- 



.$771,253 



Disbursements — 

MainteDance of way 8113,9ri9 

Repairs of roUinpc stock 63,709 

Cost of wood, 1 1 ,225 cords 50,42i 

" coal,970ton8 5.367 

Oil and waste 7,047 

Salaries, wages, etc 105,977 

Taxes and insurance 10.130 

G rand Junction Rail road Co 1 1 ,000 

Interest on bonds, etc 1 18.890 

Surplus income 284,750 



Total. 



.$771,253 



1838. 
1839. 
1840. 
1841. 
I&f2. 
1943. 
1844* 
1845. 
1846. 
1847. 
184S. 
1349. 
1B50. 
1831. 
Ih52. 
1833. 
1RS4. 
1865. 
1866. 
1S57. 
1868. 
1859. 



Cost of 
Boad, eto. 
•831,903 
1,036,196 
2,193,121 
2,767,034 
2,799,417 
2,888,631 
2,888,044 
2,971,561 
2,994,268 
3,437,206 
3,695,393 
3,619,265 
3,620,391 
3,620,391 
3,620,391 
3.620,391 
4,947,459 
6,121,016 
6,087,434 
6,090,218 
6,090,741 
6,116,205 



Cost, 

Mile- r 



age. 


Pass'er. 


13.20 


•37,422 


28.68 


113,068 


6816 


164,971 


58.15 


257,735 


58.15 


237,023 


58.15 


240,558 


68.15 


293,762 


58.15 


297,440 


5818 


310.061 


75.06 


343,373 


75.06 


378068 


75.06 


404,072 


75.06 


385,608 


83.16 


372,168 


83.16 


374,798 


83.16 


41-2,054 


89.16 


443,490 


89.16 


462,924 


99.26 


5-27,634 


99.-26 


495,2-22 


99.-26 


468,703 


99.26 


61-2,557 



Earnings, Expenses, 

Gross Earnings 

Freight. Mails. 
(4 mos. business) 
7,375 6,178 



Etc., Yearly 

» Operating 

Total, expenses. 
•17,818 



7,3-25 
12,256 
16,083 
21,312 
33,195 
39,933 
46,099 
50,455 
58,149 
70,402 
67,574 
60,005 
69,974 



11,001 
29,583 
16,062 
17,692 
16,942 
1-2,776 
15,178 
31,013 
42,940 
43,455 
85;894 
69,881 
44,-201 



97,320 111,436 
105,444 181,335 
107,431 76,9-25 



134,311 
115,403 
109,588 
138,734 



55,923 
43,216 
39,492 
42,118 



•37,4-22 
125,621 
183,-297 
299,574 
269 168 
279;562 
343,899 
350,149 
371,338 
4-24,841 
479,157 
517,929 
539,076 
602,054 
489,973 
6-20,810 
730.269 
647,-280 
717,868 
653,841 
616,783 
693,409 



70,592 
105,293 
179,959 
144,039 
1-29,640 
1-34.319 
116,840 
132,556 
135,084 
182,216 
193,960 
185,218 
195 3-26 
218;996 
251,4-23 
299,578 
305,997 
395,926 
370,332 
332,267 
367,604 



Earnings, 
less exp. 
•19,601 
55^-29 
78,004 
119,615 
125,1-29 
149,922 
209,580 
233,-309 
239,782 
289,757 
•296,941 
333,949 
353 858 
306,7-28 
269,977 
369,387 
430,691 
341,-283 
321,942 
283,509 
•284,516 
325,805 



^Div. 


, 


S 1 


p.c. 


81,014 


5 


110,166 


5* 


1-20,000 


6 


61,740 


3 


171.197 


7* 


182,600 


8 


182,600 


9 


219,600 


8 


239,628 


6 


259,724 


8 


•267,400 


8 


267,400 


8 


250.687 


7* 


200,550 


6 


234,123 


7 


nU. 


nil. 



22 ji.*76,956,676 1,573.94 7,532,711 1,368,368 991,-241 9,892,320 4,455,0036,437,317 2,847,419 
Arar. 3,498,030 71.54 342,396 62,198 45,056 449,650 202,499 247,150 129,4*28 43 

XoTE. — The coet of the road in the above table, embraces the cost of the Ea^itom Railroad of 
H«w Hunpcbire from and after 1840. 



EA8T0N BRANCH RAILROAD. 
{Financtal year ending 30th November ^ 1856.) 

Board of Directors and Officers, 1859-60 
OliTer Ames, Jr. | C^tus Latbrop, | A. A. Gilmore. 

Oaku Ames, PreHdent Stoughton, Mass. 

LcjfOTH or Road — Stougbton to Easton 3.78 miles. 

BoLLiNG Stock — Nono. Owned by Boston and Providence Railroad Company. 

The Basicn Branch Railroad Compant/ was chartered in 1852, and the road 
constructed in 1854-5. Since its opening in tlie spring of 1855 it has been 
equipped and operated, (in connection with the Stoughton Branch Railroad) 
by toe Boston and Providence Railroad Company. 

Share Capital— Authorized, $50,000, in 500 $100 shares. 
Paid in, - 49,320, in 490 $100 shares. 



118 MASSACHUSETTS -ESSEX. 



Floating Debt— $4,400. 
Cost of Road— ♦55,894 : in detail as follows — 

GradoAtion and maiooiy 913^1 I Land, land-dsmagw aiid fineei 97,847 

Sopentmctare, ineloding iron 24.417 I En^eering and ageneiM, ete 1,287 

StUions, baUdmga, and fences 7,100 | 

LrooME AccouxT for thb Tear Ending 31st Not., 1859. 

RtecipU — DiMmrtenunU — 

PaMenger eamlngB 93,S?0 Maintenance of way 9709 

Freight " 2,697 OperaUng expenaes 1,563 

Interest 316 

Dividend 6 per cent 3,000 

Sarpl OS income 929 



ToUl 96,517 



Total 96,517 



Cost of Road, Earnings, Expenses, etc.. Yearly. 

Cost of Road Mile- » Gross Earnings » Ex- Nel -— Dir — . 

Tear, k Eqaipm't. age. Pass'ger. Freight. Mails, etc. ToUl. penses. Earnings. 9 p«. 

1855- •• 954,399 3.78 92.098 9811 9- • 92,909 91,361 91,548 1,^U 21 

1856. ••• 55,344 378 3,856 2,084 •.. 5,940 2,643 3,297 2,750 h\ 

1857... 55,353 3.78 3,394 1,832 ... 5,226 2,321 2,905 2,250 44 

1858... 55,894 3.78 3,325 1,830 .... 5,155 2,400 2,755 2,000 4 

1859-.. . 55,894 3.78 3,820 2.697 ... 6.517 2,273 4,244 3,000 6 

6 years .9276,883 18.90 16,493 9,254 ... 25,747 10,998 14,749 11,250 

Arerage. 55,376 3.78 3,296 1,851 ... 5,149 2,199 2,950 2^250 4| 



ESSEX RAILROAD. 
{Fkumcial year ending 30M November^ 1859.) 

Board of Directors and Officers, 1859-60. 



David Pingree So/cm, Mass. 

N.Weston " " 

N. B.Mansfield " " 



Henrv G. Gray Marhtehead^ Mass. 

Jas. N. Sanderson Lyrm^ " 

Eben Sutton SmUh Danvers, 



Danid Pingree, Prmdent Salem, Mass. 

John B. Parker, TVert^trer " " 

Jeremiah Prescott, Superintendent " " 

Principal Office Office of Eastern RR. Co., Boston, Suffolk Co,^ Mass. 

Length of Road — Salem to North Andover 19.86 miles. 

Branch to Salem Harbor 1.32 « 

Second track, sidings, turnouts, etc., 2.84 miles. 

Rolling Stock — None. Run by Eastern Railroad Company. 

The JSssex Railroad Company was chartered on the 7th March, and orga- 
nized on the 29th May, 1846, and the road was soon after placed under con- 
tract. The fii-st section from Salem to South Danvers, 1| miles, was opened 
on the 18th January, 1847, and the whole line in 1848. Previous to the 
construction of the road a contract for running the same for five years w^as 
made with the Eastern Company, the latter to charge expenses at the same 
rate per mile as it cost to its own road and branches, including the road of 
the Essex Company, and to credit the latter with the net earning ; the con- 
tract to be binding on the Essex Company till the payment of its liabilities 
to the Eastern. The road has since its opening been run by the Eastern 
Company. 



MAS5ACUUSETTS— FAIRUAVEN BRANCH. 



119 



Shabb Capital— Authorized, $700,000, in 7,000 $100 shares. 
Paid up. . 299,107. 

Funded Debt — $280,261 : in detail as follows — 

l9t Mortgage^ % per cent bonds $280,261 

— Of these $214,406 are coupon bonds, the interest of which is guaranteed 
bj the Eastern Railroad Company, and has been regularly paid. They are 
dated Ist Sept., 1851, payable Ist Sept., 1861, interest semi-annually, Ist 
Jan. and 1st July, at the office of the Eastern Railroad Company. The 
balance of the bonds (not coupon, $61,861) is held by the Eastern Company. 
They are dated 9th May, 1856. Upon these the interest has not been paid. 
The whole amount provided for by this mortgage was $415,861. 

Floating Debt— $197,428. 

Cost op Road, etc. — $747,008 : in detail as follows — 

Qradaation and mtuaonry S211,732 

Wooden bridges 32,374 

Superatructure, including iron 100,252 

Suitions, bttUdings and fixtures 20,783 



Land, land-damages and fences $167,767 

Merchandise cars 4,416 

Engineering 24,426 

Agencies and other expenses 95,258 



ReeeipU — 
pMMnger earnings* 
Freight " • 

U. S. maU « . 

'Rents 

Miscellaneoof 

Profit and loss 



Income Account for the Year ending SOth Nov., 1859. 



.$23,079 
. 29,009 
. 792 
. 8,800 
. 402 
. 12,954 



Disbursements — 

Maintenance of roadway $10,496 

Repairs of motive power, etc 8,881 

Fuel, and miscellaneous 31,041 

Interest on guaranteed Bonds 12,768 

♦' due Eastern Co 11,850 



Total. 



.$75,036 I Totfll $75,036 



General Ledger Balance Sheet, 1st Dec, 1859, 

Dr. 

Cost of road $747,008 

Debit to profit and loss 29,789 



Total. 



.$776,797 Total 



Cr. 

Share capital $299,108 

Funded debt 280,261 

Floating debt 197,428 



.$776,797 



Year. 

1847. 
1848. 
1849. 
I860. 
1851. 
1852. 
1853. 
1854. 
1656. 
1856. 
1657. 
1858. 
1659. 



Cost 
of Road. 
$160,252 
421,574 
484,948 
537,869 
602,135 
609,007 
738,425 
747,008 
747,008 
747,008 
747,008 
747,008 
747,008 



Cost, Earn 

Mile- 
age. 
175 
19.86 
21.18 
21.18 



21.18 
21.18 
2118 
21.18 
2118 
2118 
21.18 
21.18 
21.18 



Pass'gers. 
$3,476 
9,966 
19,937 
25,156 
34,296 
21,082 
23,623 
26,223 
22,325 
24,172 
21,742 
21,034 
23,079 



INOS, .E.VPENSES, 

Gross Earnings 

Freight. Mails, etc. 



13j*$8,036,258 254.59 276,111 
Artr. 618,817 19.58 21,239 



$118 
641 

8,528 
22,227 
20,336 
10,484 
14,525 
14,088 
16,637 
30,581 
34,792 
26,910 
29,009 

228,876 
17,606 



ETC., Yearly. 

Operating 

Expenses. 

$4,702 



5,560 
9,531 
10,935 
10,394 
12,003 
13,375 
10,016 
9,993 

81,807 
6,293 



Total. 

$3,594 

10,607 

28,465 

47,383 

54,632 

37,126 

47,679 

61,246 

49,356 

66,756 

69,909 

57,960 

62,091 

586,794 
45,138 



13,367 
13,347 
20,000 
24,918 
34,537 
33,962 
36,247 
40,592 
58,073 
53,868 
45,665 
50,418 

429,696 
33,053 



Net . — Div. — » 

Earnings. $ p c. 

Loss. nil. nil, 

U U t( 

15,118 " " 

27,383 " " 

29,714 " " 

3,689 " " 

13,717 " " 

14,999 " « 

8,764 " •* 

8,683 " " 

16,041 " 

12,295 " ** 

11,663 " ♦• 

157,098 « ~ 

12,086 •« « 



FAIRHAVEN BRANCH RAILROAD. 
(Financial year ending 30^A November y 1850.) 



120 



MASSACHUSETTS— FAIRHAVEN BRANCH. 



Board op Directors and Officers, 1859-60. 



W. L. B. Gibbs Fairhaven, Mass. 

Natbaniel Church " " 

I.F.Terry " " 



£. Sawin FairJutverij Mass. 

Loring Meigs McUtapoisett, " 

Lemuel C. Tripp Fairhaveuy " 



£. Sawin, President Fairbaven, Mass. 

Hervky Tripp, TVftMiirer " " 

Horace ScoTT^ Superintendent " " 

Principal Office Fairhaven, Bristol Co,, Mass. 

Length of Road — Fairbaven to West Warebam Junction . ..% 15.11 miles. 

Sidings, turnouts, etc., 0.68 mile. 

Rolling Stock — Tjocomotive Fingines 2 

Cars : — Passenger, 6 ; baggage, 2 ; merchandise, 29, and others, 26 63 

The Fairhaven Branch Railroad Company was chartered in 1851. The con- 
struction of its road was commenced in 1852, and completed on the 2d Oct., 
1854. It is connected with New Bedford by a ferry from Fairhaven. 

Share Capital— Authorized, $800,000, in 3,000 $100 shares. 
Paid in, - $228,507 on 2,426 " 



Funded Debt — None. 



I Floatinq Debt— $256,464. 



Cost op Road and Equipment — $491,516 

Graduation and masonry $102,410 

Wooden bridged 1,535 

Superstructure, including iron 124,948 

Stations, buildings and fixtures 26,815 

Land, land damages and fences 31,435 

Looomotiro engines 22,863 



in detail as follows — 



912,833 



Pas-songor and baggage cars** •• 

Merchandise and other cars 23^092 

Engineering 10,256 

Agencies and other expenses 39,456 

Ferry-boats and slips 66,764 

Wharves and real estate 28,967 



Rtceipti 
Passenger earnings 
Freight " 

U. S. Mail " 
Ferry 

Express " 
Rents 



Income Account for the Year Ending 30th Nov., 1859. 

Disburatments- 



.$29,133 
. 11,206 
. 1,700 
. 4,066 
778 
. 1,810 



ToUl • 



•947,693 



Muintonunce of way t4,809 

Repairs of engines and oars 3,260 

Operating expenses 24,815 

Intere.<(t 12,470 

Surijlus income 2,339 



Total . 



J)r, 



General Ledger Balance Sheet, Ist Dec, 1859. 



Road $336,996 

Equipment 58,789 

Ferry-boats and slips 66,764 

Two wharves 23,967 

Real esUte 5,000 



Total. 



.$491,516 



Share capital 

Floating debt 

Earnings invested. 



.$47,693 



Cr, 
.r228,657 
. 256,464 
. 6,395 



Total. 



• $491,516 



Cost of 
Yesr. Road, etc. 
1854.. $351,340 

446,024 



Cost, Earnings, Expenses, etc.. Yearly. 



1855- 
1356. 
1857. 
1858. 
1859. 



472,301 

435,3P8 
492,937 
491,516 



6yrs..$2,729.50() 
Aver . 454,9'^6 



Mile- 
age. 
15.11 
15 11 
15.11 
1511 
1511 
1511 

90 66 
1511 



Pass'er. 

$34,764 
30,:J07 
31,009 
24,489 
2S,133 

14S.71V2 
24,793 



-Gross Earnings- 



Freight. 
$.... 
12,165 
13,117 
11,455 
10,399 
11,206 

5S.:J42 
9,7^4 



Mails, etc. 

$182 

13,3^9 

6.857 

8;2ti3 
8.165 
8,354 

4.'S.2.i5 
7 539 



Total. 
$182 
60,318 
50,371 
50.752 
4.1053 
47,«,93 

2.-i->,:>r)9 
4^00 1 



Operating Earnings, < — Div. — » 
expenses, less exp. $ p. o. 



$3,227 
26,377 
35,558 
36,389 
31.361 
32,884 

16.=S.796 
27,6.i3 



$. 

33,941 
14,813 
14,363 
11,692 
14,809 

85,573 
14.429 



niL rUL 



MASSACHUSETTS— FITCUBURG. J21 

FALL RIVER RAILROAD. 
{Now a part of the Old Colony and Fall River Railroad,) 

Length of Road — North Braintree to Fall River 42.24 miles. 

The FaU River Railroad Company was a consolidation of the Fall River 
Branch, the Middleboro', and the Randolph and Brid«;ewater Companies. 

The Fall River Branch Company was incorporated on the 14th March, 
1844, with authority to build a railroad from Fall River to Myrick's. 

The Randolph and Bridgewater Company was incorporated on the 25th 
March, 1845, and authorized to construct a railroad from Bridgewater to 
the Old Colony Railroad in Braintree or Quincy. 

Tne Middleboro Company was incorporated on the 26th March, 1845, and 
authorized to construct a railroad from Bridgewater to the Fall River 
Branch at Myrick's. 

Under the powers granted to the last-named Company, a union of the 
three corporations was consummated on the 8th August, 1845, and con- 
firmed by a legislative act passed on the 16th April, 1846. 

The Share Capital of the original companies was as follows : of the Fall 
River Branch, $400,001); of the Randolph and Bridgewater, $400,000, and 
of the Middleboro, $250,000— making a totiil of $1,050,000. 

The construction of the road from Fall River to Myrick's Station was 
commenced in 1844, and opened for public use on the 9th June, 1845. The 
whole road to its junction with the Old Colony in Braintree was completed 
and put in operation on the 16th December, 1846. 

On the 7th September, 1854, the Fall River and the Old Colony Com- 
panies were consolidated under authority conferred by an act of the Legis- 
lature passed on the 25th March previous. At that time this Company had 
no debt, and the cost of the road, etc., was represented solely by the origi- 
nal share capital. — (See Old Colony Railroad.) 



Cost 

Year. of Road. 

1846.. 828,084 

1847.. 1,070,988 

1349.. 1,146,983 

1849.. 1,146,003 

1830.. 1,068,167 

1851.. 1,050,000 

1852.. 1,050,000 

1853.. 1,050,000 

8jri..t8,409,227 
ATer. 1,051,153 





, Earki 


^WjWVV 


1 ^"^" 




Yearly. 


'*)^'^">^ 




Cost 


Nos, Expenses 


I, Etc., 




Mile- / 




•Gross Eai 






operating 


Net 


- — Div 










age. 


PaM'gon. 


Freight. 


Mails, eU 


;. Total. 


Expenses. Earnings 


. • 


p.c. 


41.83 


61,520 


11,616 


983 


64,119 


53,784 


10,335 


nU. 


nU, 


41.83 


77,040 


30,991 


3,323 


111,354 


77,229 


34,125 


31,500 


3 


42.24 


118,391 


62,335 


3,618 


184,344 


71.924 


112,420 


68,250 


6* 


42 24 


102,638 


66,644 


5,861 


174,043 


110,875 


63,168 


31,600 


3 


42.24 


121,294 


80,767 


8,019 


210,080 


104,513 


106,667 


nU. 


nU. 


42 24 


133,393 


91,096 


7,834 


232,322 


132,113 


100,209 


78,760 


n 


42.24 


132,907 


88,556 


7,982 


229,445 


129.855 


99,690 


84,000 


8 


42.24 


163,962 


121,681 


8,550 


294,183 


167,693 


126,690 


84,000 


B 


337.10 


901,136 


552.685 


46,170 


1,499,890 


847,686 


662,004 


378,000 




42.12 


112,642 


69,073 


5,771 


187,496 


106,985 


81,601 


47,260 


4| 



FITCIIBUKG KAILROAD. 
(Financial year ending 30<A November^ 1859.) 

Board of Directors and Okficers, 1859-60. 

ThAmig Whittemore. ..Cambridge^ Ma^ss. I W. E. Faulkner, i4c/on, Masi, 

P B Briebam Bostmi^ *' | Al vali Crocker. , Fitchbnrg, " 

John J. Swift, President Bo.ston, Mass. 

M. D. Bknson, Tieasnrer " '' 

W. B. Stearns, Super uUtiuient ^ ^ ,, ^ ., 

Pewcipal Office ;• Boston, 5'//(//^ Co., Maw. 

10 



122 MASSACHUSETTS- FITCUBURa. 

Length of Road — Main Line, Boston to Fitchburjr 50.93 miles. 

Watertown Branch (including Waltham and Watertown 

Branch, and ice tracks) 7.85 ^ 

Lancaster and Sterling Branch from Acton to Feltonville.. 9.00 <' 



Total main and branch lines owned by Company 67.78 miles. 

Second track on main line 50.93 miles. 

Sidings and other tracks 19.12 " —70.05 « 



Total length of single track owned by Company 137.83 miles. 

Length of road leased, rented or operated, viz. ; 

Marlboro Brand) 3.90 miles. 

Peterboro* and Shirley Railroad 23.60 " —27.50 ^« 



Total length of road operated, exclusive of 2d track and sidings. 95.28 miles. 

Rolling Stock — Locomotive engines 29 

Cars (8- wheel) : — Passenger, 28 ; bagp:age, 8 ; merchandise, 356 392 

Cars (4-wheel) : — Baggage, 2 ; merchandise, 249 ; gravel, 40 291 



The Fitvhhtrp Railroad Company was chartered by the Massachusetts Legis- 
lature on the 3d March, 1^42, with authority to construct a railroad from 
the Charlestowu Branch Railroad, at Blo^-k Island, in West Cambridge, to 
Fitchburg. The charter also empowered the Company to purchase or lease 
the Charlestown Branch Railroad. Lender this provision space sulficient for 
a single track along the route of that road was purchased in May, 1843. 
The distance between Fitchburg and Block Island is 44.23 miles, and from 
Block Island to the Charlcstt>wn terminus 5.11 miles — a total of 49.34 miles. 

The construction of the road was conunenced on the 20th May, 1843, and 
that jH^rtion between Block Island and AValtham, about 5 miles, was com- 
pletcil on the 20th December of the same year, and operated by the Charles- 
town Branch Company to 1st May, 1844. On the 17th June of the Siime year 
the n>ad was exlcndeil to Concord, 15 miles; to Acton, 7 miles, on the 1st Oc- 
tober, and tt> Shirley Village, 12.25 miles, on the oOth December. The new 
track ah>ng the Chark^town route was completed in August, and the whole 
line ti> Fitchburg was opened for public use on the 5th March, 1845. On 
the 1st September, 184."), the Fitchburg Company leased the Charlestown 
road for 1>9 years, and s<i«mi after purchasetl the remaining property of that 
Company, In the same year the Ci>nsiruction of the s<>cond track was com- 
menced, and completed in November, 1>49. In 1848 the road was extended 
fn>m Swett s Wharf in Charlestown (its i»riginal eastern terminus) into Boston. 

The Lancaster and Sterling Railroad Branch was chartered in 1846, and 
united with the Fitchburg Ci>mpany the same year. Its construction was 
conunenced in 1848 anti completed in ls49. The Watertown Branch was 
chartered in 184i>, and united with the Fitchburg Conipany the same year. 
Its construction was ciHiuneucevl in 1847. and completed in 1848. 

On the 1st IXvember, 1847, the Fitchburg Railroad Company took a lease 
i>f the IVterboiv and Shirley Raih\'ad for a periinl of 12 years from the 1st 
«lanuary, 1848, agi\»tMng to pay tlierefor i> ix»r cent, on its cost. The rent 
was increasod to 7 jhm* cent, on the cost of tne n>ail after 1st July, 1852. On 
the torminatit>n i>f the lease the IVterboro' and Shirley Railroad was pur- 
chased by the Fitchburg Company for the sum of $132,iUU>. 

On tho iKt November. l8o;>. the Fitchburg Company took a lease of the 
MarllHUH** Branch for a jHM-iod of :>0 yeai-s, airrining to run ami maintain the 
taiuOiUnd jmy, as rent, iheivfor one half of the s^i-oss earnings of the business 



MASSACHUSETTS— FITCHBimO. 



123 



coming from ecrtnin stations on the line of the Marlboro' Branch, and pass- 
ing over the Fitchburg Railroad, or any portion of the same, or its branches. 

Share Capital— $3,540,000, in 35,400 $100 shares. 

Funded Debt— $100,000. 
The Funded Debt of the Company is a note payable in June, 1860, which 
will be paid at maturity. 

Cost of Road and Equipment — $3,540,000 : in detail, as follows 



Graduation and masonry $757.6% 

Wooden bridges 300,000 

SuperBtructure, including iron 905,000 

Stations, buildings and fixtures 445,000 

Land, land-damages and fences 732,966 



Locomotive engines $150,000 

Passenger and bnggnge cars 31,000 

Merchandise cars 169,149 

Engineering, agencies A other expenses 49,188 



Rteetpts — 
Passenger earnings* 
Freight " 

U. S. mail " • 

Rents 

Interest 



Income Account for tue Year ending 30th Nov., 1859. 



.$243,512 
. 396,971 
. 9,874 
. 3,501 
. 5,627 



Total $659,485 



Disburatments — 

Maintenance of way 

Repairs of rolling stock 

" stations 

Wages, etc 

Fuel, oil and waste 

Expenses passenger department 

" freight " 

General expenses 

Kent of Pcterboro' and Shirley Railroad 

Dividend 6 per cent 

Surplus not divided 



$93,168 
68,599 
17,073 
110,811 
53,800 
59,952 
34,145 
32,111 
22,373 

212,400 
55,050 



Total. 



.$659,485 



Dr. 



General Ledger Balance Sheet, Ist Dec, 1859. 



Constmetioii account • $3,540,000 

Notes receirable 193,172 

Cash and cash funds 116,524 

Fuel 

LoeomotJyes loaned Rut. k BurPn Co. 21,500 

BealesUte 16,572 

Stock materials 10,003 

r.S. mails 4,125 

Freight unooUected 15,909 



Total. 



.$3,939,745 



Share capital 

Profit and loss 

Notes payable 

Passenger receipts 

Connecting roads 

Miscellaneous expenses. 
Unclaimed dividends. •* 



Cr. 

.$3,540,000 
. 247,307 
. 100,000 
. 20,251 
13,859 
. 15,289 
3,039 



Total . 



.$3,939,746 



Tear. 
1844.' 
1843.. 
1846*. 
1847.. 
1848.. 
1849.. 
1850.. 
18S1.. 
1852.. 
1853.. 
1854.. 
1^6.. 
1866.. 
1857.. 
1858.. 
1859.. 



Cort. 
of Road. 
$992,433 
1,477,477 
1,875,319 
2,406,723 
2,945,631 
3,445,791 
3,552,282 
3,612,486 
3,633,673 
3.716,870 
3,730,965 
3,765,998 
3,872,820 
3,540,000 
3,540,000 
3,540,000 



Cost, Earnings, Expenses, Etc., 

Mile- > Gross Earnings » 

age. Pass'gers. Freight. Mails, etc. Total. 



39.25 $22,446 $20,313 $..• 

49.34 100,817 99,997 3,192 

61.71 128,738 151,806 6,101 

54.71 165,092 203,529 17,116 

57.46 220,199 260,667 5,399 

65.78 213.068 262,162 16,831 

65.78 252,859 270,568 28,180 

67.78 240,714 259,258 16,040 

67.78 253,371 311,778 9,419 

67.78 281,883 336,798 7,978 

67.78 301.416 390,884 12,338 

67.78 296,551 372,771 11,840 

67.78 272,927 334,628 11419 

67 78 256,288 356,345 13,198 

67.78 212,790 345,983 14,194 

67.78 243,511 396,970 19,004 



$42,759 
203,996 
286,645 
390,737 
486,265 
492,061 
551,607 
516,012 
574,568 
626,659 
704,638 
681,162 
668,974 
625,831 
572,967 
659,485 



Yearly 

Operating 
Expenses. 
$15,924 
78,333 
117,447 
161,433 
286,046 
255,160 
267,083 
305,108 
335,587 
403,115 
424,442 
457,091 
414,527 
369,150 
294,112 
392,035 



Net 
Earnings. 
$26,835 
125,662 
169,198 
2*29,303 
200,219 
236,900 
294,524 
210,904 
238,987 
218,544 
280,196 
224 071 
254,447 
256,681 
278,855 
267,450 



$ p.o. 

nil. nil, 

46,000 4 

154,295 10 

176,340 10 

200,996 9k 

212,000 8 

276,800 8 

140,000 4 

212,400 6 

212,400 6 

212,400 6 

nil. nil. 

125,900 34 

212,400 6 

212,400 6 

212,400 6 



16 7*. 49,646,468 996.05 3,442,6714,449,457 192,238 8,084,366 4,571,593 3,512,773 2,606,73] 
Am. 3,103^029 62,25 215,167 278,091 12,016 505,273 285,724 219,549 162,920 53 



124 MASSACHUSETTS— FITCIIBURG AND WORCESTER. 

FITCHBURG AND WORCESTER RAILROAD. 
{Financial year ending SOth November , 1859.) 
Board of Directors and Officers, 1859-60. 



Nathaniel Wood FUchburg, Mass. 

James II. Carter Leominster^ " 

Joseph Haskell « " 



Samuel Houghton Sterling, Mass- 
William D. Peck *< " 

William D. Cheever Worcester, " 



Ivers Phillips, President and Supei^intendent Fitchburg, Mass. 

Charles \^ . Wilder, Treasurer and Secretary " " 

Principal Office Fitchburg, Worcester Co., Mass. 

Lkngth of Road — Fitchburg to Sterling Junction 13.99 milos. 

Sidings and other track, excepting main track, 2 37 miles. 



Rolling Stock — Locomotive engines 3 

Cars (8 wheel) : — Passenger, 3 ; baggage, 1 ; merchandise (4-wheeI), 40. . 44 



The Fitchbury and Worcester Bailroad Company was chartered in 1846, and 
organized in January, 1847. The construction of the road was commenced 
in the summer of 1848, and completed on the 11th Feb., 1850. 



Share Capital — Authorized, $275,000, in $100 shares. 
Paid in, - - $198,800, as follows— 

Ordinary shares $12,000 | Istclosspref. 6p.c 3150,500 | 2d class pre f. 6 p. c 936,300 

The 1st Class Preferred was created in 1851-2, and the 2d in 1852-3. 
They both call for dividends at the rate of 6 per cent, per annum, the former 
having precedence in case the net earnings sliould not be sufficient to pay 
dividends on both. Dividends have been regularly paid on the Preferred 
with the exception of 1857, when 3 per cent, only was paid. No dividends 
have been paid on the old stock. 

FuNDRD Debt — $63,200 : described as follows — 
\st Mortyaye, 6 pm* cent., coupon bonds. _ $63,200 

—all dated in 1849, and payable as follows :— $2,900 in 1860; $700 in 1861 ; 
$15,800 in 1862 ; $8,600 in 1863, and $24,000 in 1864. The balance ($10,300) 
is not sold, but held as collateral for debt of the Company. The interest is 
payable on the Ist May and Ist Nov., at the office of the Company. 

Floating Debt — None 



Cost of Road and Equipment — $833,884 : in detail as follows — 



Gradaation and ma«onry $105,801 

Wooden bridges 1,677 

Superstructure, includiuf^ iron 100,267 

Stations, buildings ind fixtures 21,991 

Land, land-damages and fences 32,092 



Locomotive engines 818,867 

Pussenger and bnggage cars 6,594 

Merchandise can? 14,766 

Engineering 7,746 

Agencies and other expenses 24,079 



Income Account for tue Year Ending SOtii Nov., 1859. 



RectiptH — 

Passenger earnings €14,934 

Freight " 21,473 

U.S.mail " 1,050 

I^nts and other sources 11,311 

garplus from last year 7,812 



Total 850,560 



Disbursements — 

Maintenance of wny •811,882 

Repairs of n»lUng stock 6,549 

Operating expenses 13.708 , 

Interest 3,833 ' 

Diviileud on 1st nnd 2d class preferred- • 10,578 

Surplus income 30th November, 1859 •• • 10,029 

Total , $5G,580 



MASSACHUSETTS— GRAND JUNCTION. 125 

Cost, Earnings, Expenses, etc., Yearly. 

Cost of Mile- r Gross Earnings . Operating Earnings, / Div.-— -> 

Year. Road, etc. age. Pass'r. Freight. Mails. Total. Expenses, less exp. Am't. p. c. 

1850.. r259.073 13.99 $13,113 $8,196 %\'11 *21,431 «13,354 $8,077 nil. nil. 

4851.. 305,410 13.99 16,086 11,863 1,405 29,354 14,308 15.046 

1852.. 312,228 13.99 16,212 12,900 2,290 31,402 18,463 12,939 6,126 6 

1853.. 319,159 13.99 16,604 16,268 3,134 36,206 17,905 18,301 7,428 6 

1354.. 333,884 13.99 19,591 18,659 4.197 42,647 19,250 23,397 9,492 6 

1355.. 333,884 • 13.99 15,698 14,871 7,019 37,.^88 25,428 12,160 10,200 6 

13.t6.. 333,884 13.99 18,835 18.556 3,639 41,030 26,708 14,322 10.356 6 

IB57.. 333,884 13 99 16,746 17,680 3,423 37,849 23,501 14,348 5;268 3 

Ifi58.. 333,884 13.99 14,113 17,187 4,176 35,476 18.994 16,482 10,542 6 

1859.. 333,884 13.99 14,934 21,473 12,361 48,768 32,140 16,628 10,578 6 

10 yrs. 3,199.174 139.90 102,132 157,853 41,766 361,751 210,051 151,700 69,990 .. 

Aver.. 319,917 13.99 16,213 15,785 4,176 36,175 21,005 15,170 6,999 4.5 
Note. — The diTidenda paid have been upon the 1st and 2d classes .of preferred stock. 



GRAND JUNCTION RAILROAD AND DEPOT. 



The Grand Junction Railroad and Depot Compayuj was cliartered on the 24th 
April, 1847. The design of the company was to connect the railroads enter- 
ing the city from the north and west with its depots and wharves at East 
Boston, and for this purpo.«»e constructed a railroad, about 9 miles in length, 
at a cost to the end of 1856 of 8564,297. The cost of real estate, wharves, 
piers, depots, etc., at that date was $l,t293,401, and the value of its other 
assets and property was 871,285. The road from the depots at East Boston 
to the Boston and Maine Railroad in Somerville, 6.18 miles, was opened in 
1849, and the extension to the Boston and Worcester Railroad, 2.82 miles, in 
1856. The capital account yearly for ten years ending 30th November, 
1856, was as follows : 

Share Funded Floating Total Road Mile- I Share Funded Floating Total Rond MlJe- 



Capita). Debt. Debt. Canitul. 6l Depot*, age. CapUnl. Debt. Debt. Capital, ic Depots, age. 

411,175 42.606 453,981450.947 ... 793,151 451.000 65,703 1,309,854 1,282,073 6.49 

638,292 54;959 693.250 556,116 ... 1 793,194 501,739 66,605 1,381,538 1,385,712 6.49 



631,095 65.454 696,549 655,134 6 18 

721,145 223,000 36,997 991,142 763,844 6.13 
781,607 350,000 48,778 1,180,385 919,396 6.49 



'74,192 827,000 83,755 1,684,917 1,. 583,462 6.49 
774,192 873,000 221,445 1,668,637 1,777,573 9.00 
779,792 873,000 294,15C 1,946,942 1,928,933 9.00 



The income of the company has been very trifling when compared with 
the capital, and in no year sufficient to pay the interest on its debt. No 
reports, however, have been made of its condition since 1856. The company 
is now winding up its affairs, having abandoned a part of the road. The 
following is a list of the bonds outstanding at the present date. 

lit Ifortgage^ 6 per cent., coupon bonds $350,000 

—dated 1st July, 1850, and payable, principal in 20 years, and coupons semi- 
nnnually, Ist Jan. and 1st July, in Boston. Secured on 1,434,420 square 
feet of land and the wharves in East Boston. 

lit Mortgage^ 6 per cent., coupon bonds $124,000 

— dated Ist March, 1852, and payable, principal in 10 years, and coupons 
aerai-annually, Ist March and 1st September, in Boston. Secured on three 
miles of double track railroad, and guaranteed by Eastern Railroad Co. 

lit Mortgage,^ per cent., bonds $100,000 

—dated Ist May, 1853, and payable, principal in 15 years, and coupons 
semi-an Dually, 1st May and 1st >iovember, in Boston. Secured on six miles 
of railroad in Cambridge, mortgaged to Boston and Worcester RU. Co. 



126 MASSACnUSKTTS—HAMPSniRE AND HAMPDEN. 

HAMPSHIRE AND HAMPDEN KAILROAD. 
{Finaficial year ending ZOth November^ 1859.) 

Board of Directors and Officers, 1859-60. 

Ira Yeamans, Jr Northampton^ Mass. I Joseph E. Sheffield Neu> Haven^ Ct. 

S. D. Pardee " " | Charles Smith « « 

William Johnson, President New, IlaTen, Ct. 

Ira Yeamans, Jr., Treasurer Northampton, Mass. 

P. Dennis, Superintendent New Haven, Ct. 

Principal Office New Haven, New Haven Co., Ct 



Length of Road — Northampton, Mass., to the Connecticut Line 24,96 miles 

Sidings, turnouts and other track, about 2.41 miles. 



Rolling Stock — None. Supplied by New York and New Haven Company. 



The Hampshire and Hampden Railroad Company was chartered in the year 
1850, and authorized to construct a railroad from Northampton, Mass., to 
the State line of Connecticut, thence to connect with the New Haven and 
Northampton Railroad. The road was completed and opened for public 
use on the Ist July, 1856; and has since that time been operated, under 
lease to the New Haven and Northampton Company, by the New York and 
New Haven Company {which see.) A new copy of agreement was signed 
in 1859, whereby the lease to the New Haven and Northampton Company 
was made perpetual, in consideration of the lessee assuming the Ist Mort- 
gage bonds of the Company. 

Share Capital — Authorized, $375,000, in 3,750 $100 shares. 

Paid in, - $292,931, on 2,872 " and scrip. 

FoNDED Dbbt — $303,014 : classified as follows — 

\st Mortgage^ 6 per cent, bonds $200,000 

— dated 1st October, 1854, and payable, principal in 20 years, and coupons 
semi-annually, 1st October and Ist April, at New HavQn. These bonds, 
under the provisions of a lease of the road to the New Haven and North- 
ampton Company, granted in 1859, and which took effect on the 1st October 
of that year, are to be paid principal and interest by the lessee. 

2d Mortgage^ 6 per cent., bonds $103,010 

— dated 1st December, 1859, and payable, principal in 10 years, and interest 
eeini-auuually, 1st July and 1st December, at New Haven. 

Floating Debt— $57,065. 

Cost of Road and Equipment, etc. — $577,583 : in detail as follows — 

Gradaation and masonry $191,638 | Land, land-damagos and fences 851,104 

Bridges 26,065 i Stations, buildings and fixtures 33,116 

Superstructure, including iron 198,548 | Agencies, engineering, etc 77,112 

No Income Account has been published. 

General Statement 1st October, 1859. 

Cr, 

Share Capital $292,931 

Funded Debt 303,014 

Floating debt 57,065 

Total $663,010 



Dr. 

Cost of Road $577,583 

Profitandloss 75,427 



Total $653,010 



IIASSACHDSETTS—LEXIXGTON AND WEST CAMBRIDGE. 127 

HARTFORD AND NEV^ HAVEN RAILROAD. 
(Now a part of the Hartford and Xew Haven Railroad of Connecticut.) 

Board of Directors and Offickrs, 1859-GO. 

Julius Catlin Hartford^ Ct. i Samuel II. Parsons Springfield^ Mass. 

Charles F. Pond " *' | C. \V. Cliapin »' '< 

Jamiis S. Broiiks, PresuleiU Meriden, Ct. 

PRINCIPAL Office. Hartford, Hartford Co.^ Ct. 

Length or Road — Springfield, Mass., to State Line of Connecticut 5.87 miles. 

Second track, 5.87 miles ; 8iding:s, etc., 2.15 miles. 

The Hartford and New Haven Railroad Company was chartered under the title 
of the Hartford and Springfield Company, o» the 5th April, 1839, and 
was organized on the 6th October, 1841. In 1847 it was consolidated with 
the Hartford and New Haven of Connecticut,.under the authority contained 
in their respective charters. Previous thereto, in 1843, a contract was entered 
into with the Connecticut Company, whereby the latter agreed to construct 
a railroad from the boundary line of Connecticut to Springfield, which was 
completed in December, 1844. The organization in Massachusetts is only a 
matter of form, for the preservation of its chartered privileges. The road 
fiirms a portion of the Ime of the Hartford and New Haven Company, by 
which it is owned and maintained. Its original capital was $300,000. — {See 
Hartford and New Haven Railroad, of Connecticut.) 



HARVARD BRANCH RAILROAD. 
This was a small branch road from the Fitchburg Railroad to Harvard 
College, and was operated in connection with the latter. It has been aban- 
don^. Original cost about $28^000. 



HORN POND BRANCH RAILROAD. 
(Financial year ending 30^A November, 1859.) 

Length of Road O.CG mile. 

The jHbrn Pond Railroad Company was chartered in 1851, and the road 
completed in 1853. It is operated as a branch of the Boston and Lowell 
Bailroad, and pays 4 per cent, per annum on its cost, $15,238. Share 
Capital, $10,000, of which $2,000 is paid in; Debt (floating), $13,238. 



LEXINGTON AND WEST CAMBRIDGE RAILROAD. 
(Financial year ending 30/A November, 1859.) 

Board of Dirfxtors and Officers, 1859-60. 
James Dana, I Addison Gage, I John Field, 

Smmoel Butterfield, | Joseph N. Howe, | Abijah W. Farren. 

Charles Uuuson, President West Cambridge, Mass. 

P&mciPAL Office West Cambridge, Middlesex Co., Mass. 

Levgth of Road — West Cambridge to Lexington 6.63 miles. 

Sidings and other track, 0.61 mile. 

BoLLixo Stock— Locomotive engines 2 

Csn : — Passenger, 4 ; baggage, 2 ; merchandise, 8 14 



128 



MASSACUUSETTS-LEXINGTOX AND WEST CAMBRIDGE. 



The Lexington and West Camhri'^ge Railroad Company was chartered by the 
llklassachusetts Legislature on the 14th February, and organized on the 7th 
July, 1845. The work of construction wi\8 commenced on the 20th August 
of the same year, and the road completed and opened for public use on the 
Ist September, 1846. From its opening the road was operated by the 
Fitchburg Company. The original agreement was for one year, the rent 
being 4 per cent, on the cost, the lessee to keep the road in repair. In the 
ensuing year a new contract was made between the company, to take effect 
on the 1st September, 1847, and to terminate on the 31st August, 1859. On 
the expiration of this term the company purchased rolling stock, and has 
since then operated its own road, using the Fitchburg track into Boston. In 
1853, the funded debt, then ^amounting to $120,000, was converted into pre- 
ferred share capital, to be paid 6 per cent, per annum before the declaration 
of any dividena on the original stock. 



Share Capital- 



-Original, $121,200, in 1,212 $100 shares, 
Preferred, 120,000, in 1,200 $100 " 



all paid. 



Funded Debt — $1,500, at 6 per cent, per annum. 



Cost op Road and Equipment — $251,258 : in detail as follows — 

Gradttation and moaonry •. • • -$43,862 

Wooden bridges •• •• 14,414 

Superstrueture. including iron 72,894 

Stations, buildings and fixtures 15,715 

Land, land damages and fences 54,271 



Locomotive engines 

Ptisseugor and baggage cars* • 

Merchandise cars 

Engineering 

Agencies and other expenses- 



.$10,500 
. 0,800 
. 3,200 
. 6,175 
. 23,435 



IxcoMB Account for the Year Ending 30tu Noyember, 1859. 



Receipts- 

Passenger earnings 

Freight " 

U. S. mails 

Avails of suits for past earnings* 



* $14,906 

* 6,623 

343 

* 8,125 



Total* 



.$29,997 



Disbursements — 

Maintenance of way $4,095 

Repairs of rolling stock 1,144 

Operating expenses 11,363 

Dividends 11,404 

Surplus undivided 1,931 



Total* 



.$29,997 



Cost, Earnings, Expenses, etc., Yearly. 



Year, cl 

1846** 

1847*. 

1848** 

1849-. 

1850-. 

1851*. 

1852*. 

1853.. 

1854.. 

1855. . 

1856.* 

1857t. 

1858*. 

1859*. 



Cost 
-f Road. 
177,349 
221, .309 
252,680 
241,035 
242,160 
240,367 
237,327 
232..385 
230,034 
230,034 
230,034 
250,357 
251,258 
251,258 



Mile, 
age. 
6.63 
6.63 
663 
6 63 
6.63 



-Gross Eamings- 



Pass'gers. Freight. Mails, etc. Total. 



r 



r Ri I Operated by the Fitchburg , 

V.°^ r Railroail Cnmiwmv. > 



663 
6.63 
663 
663 
6.63 
6.63 
6.63 
6.63 



Railroad Company. 



13.718 
15,927 
14,906 



6.747 
4,899 
6,623 



33 
357 

8,468 II 



2,400 

8,333 

6,533 

6,434 

7,480 

8,130 

11,519 

14.296 

17,646 

19,892 

21,549 

20,498 

21,183 

29,997 



Operating 

Expenses. 

584 

1,818 

2,171 

293 

400 

400 

2,450 

2,585 

4,099 

6,277 

4,827 

13.709 

13,286 

16,602 



Earnings, 
less exp. 

1,816 

6,516 

4,362 

6,141 

7,080 

7,730 

9,069 

11,711 

13,547 

13.415 

16,722 

6,789 

7,697 

13.395 



.— Dir.— ^ 
$1 pcf 
nil. nil. 



6,570 2 

9,905 2i 

13,280 5 

10,240 21 

3,474 nU 

3,600 " 

11,463 3 



14 yrs .3,287,587 92.82 
Aver*. 234,817 6.63 



195,890 69,500 126,390 68,532 
13,992 4,964 9,028 4,181 



* Eleven months' operations, t Equipment purcha.«ed : cost $19,600. Operated 9 months by 
Fitchburg and 3 months by Company. | Including dividends on preferred ($120,000) in 1853-56 
6 ^er cent., and of 1857-58 3 per cent. ^ Rate of dividend on original stock. || Including $8,125, 
bemg avail of suits for past earnings. 



MASSACnUSETTS— LOWELL AND LAWRENCE. 129 

LOWELL AND LAWRENCE RAILROAD. 
{Financial year ending SOth November, 1859.) 

Board of Directors and Ufkickrs, 1859-60. 



Isaac Farrington LonreU, Mass, 

Horace Honard '^ '' 

A. W. Buttrick " « 



Otis Allen LotoeUy Ma«R. 

Paul R. George Contoocock, N.H. 

Joshua W. Daniels Zatneme, Mass. 

Sidney Spalding, President Lowell, Mass. 

F. H. Nourse, Treasurer ** " 

J. B. W iNSLOW, Snperintendtid Boston, " 

Principal Office Lowell, Middlesex Co., Mass. 

Length of Road — Lowell to Lawrence 12.35 miles. 

Second track, sidings, turnouts, etc., 2.21) miles. 

Rolling S fock — Locomotive engines 2 

Cars : — Passenger, 3 ; baggage, 1 ; merchandise, 20 ; gravel, 6 30 

The Lowell and Lawrence Railroad Company was chartered under the title of 
Lowell and Audover Railroad Company on the 27th March, 1846, and was 
organized on the 16th October of the same year. The work of construction 
was immediately commenced. In 1848 the title of the Company was 
changed to its present designation, and on the 1st July, 1848, the whole line 
was opened for public use. On the 1st October, 1858, it was leased for 20 
years to the Boston and Lowell Railroad Cc»mpany at 6 per cent, on its cost. 
The Salem and Lowell Railroad, which had been operated by this Company 
since its completion in 1850, was also transferred to the same. 

Share Capital— Authorized, 8300,000, in 3,000 $100 shares. 
Paid in, - - $200,000, in 2,000 

Funded Debt — $100,000 ; described as follows — 

\U Mortgage, 6 per cent., coupon bonds _ $100,000 

— dated Ist Oct., 1850, and payable, principal in 10 years, and coupons semi- 
annually, 1st April and 1st October, at Boston or Lowell. The maturity of 
$75,000 of this amount is extended to 1st October, 1878. 

Cost of Road and Equipment — $863,158 : in detail as follows — 

Qndaation and masonry $77,516 I Passenger and baggage care $7,000 

Wooden bridges 5,305 | Merchandise cars 8,121 

Soperstructure, including iron 161,416 Engineering 8,198 

Stations, buildings and fixtures. 15,108 | Agencies and other expenses 213 

Land, land-damages and fences 45,379 Balance of interest, etc 9,748 

Locomotive engines 15,153 | Discount on bonds 10,000 

Income Account for tub Year ending 30th November, 1859. 



RtetijpU 

Rent, 6 per cent on $363,000 $21,780 

Sundries 25 



Total $21,805 



Disbursements — 

General expenses $2,358 

Interest for 14 months 6,896 

Dividend 12,000 

Undivided surplus 551 



Total $21,805 



General Statement, 1st December, 1859. 



Dr. 

Coftof road $32,883 

" loUingstock 30,275 

Caah 5,709 



Total ....$368,867 



Cr. 

Share capiUl $200,000 

Funded debt 100,000 

Surplus earnings 5,709 

Profit and loss 63,158 



17 



Total $368,SG7 



# 



130 



MASSACnrSETTS— MARLBOIlOr(31I BEAKCH- 







CosT^ Eakntnos, E 


XPKXSES 


, ETC., 1 


'karlv. 










CoBtof 


MMflfl. f 




f1nk«a 17* 






Operating Enminjfs.' — Dh 
















Yo&r. 


Road, ^0, 


ofRiiiLd, 


PamV. 


Freight. 


Maitfl, eto. 


ToUl. 


estpftrLsea. 


lesa esp 


i 


p,c. 


1948. 


#283,248 


1235 


$17,233 


13,511 


f... 


«20J44 


f 13 J 12 


•7,032 


Ttt7 


nU, 


1849* 


' 321,999 


12/35 


32,902 


9 156 


475 


42.533 


17,168 


25,365 


10,000 


6 


1950. 


333,254 


12 35 


29,593 


7,136 


2,029 


39,759 


21J49 


17.610 


8,0GO 


4 


mu 


' 343,467 


1235 


26.645 


6,310 


3,356 


36.311 


19,279 


19,032 


9,000 


4 


IB52. 


* 34&,062 


12.35 


29,446 


8.494 


4^39 


41,779 


19,320 


23,458 


9,000 


4 


195'i' 


. 363,653 


12,35 


35,402 


10,712 


6,243 


61,357 


19,940 


31,417 


12,000 


6 


1BS4' 


. 363,659 


12.35 


38,712 


11,941 


B,482 


56,135 


24,225 


31,910 


12,000 


6 


less* 


. 363,658 


1235 


33,036 


11,609 


5,699 


60.234 


2R,273 


21,961 


9,000 


4 


1B56' 


- 363,659 


12.35 


30,987 


11,732 


6,647 


48,266 


24,674 


23,592 


9,000 


4 


1357' 


> 363,158 


1235 


29.151 


11,328 


5,711 


45,190 


25,794 


19,406 


nU. 


nU. 


lasy* 


363,168 


12.35 


16»109 


7,229 


ig,445» 


42J94 


17.860 


24,924 


6,000 


3 


1359. 


363,158 


12.35 


^*— 






21.805 


2,359 
231,741 


19,447 
264.154 


12,000 


6 


12 yw 


4, 172,! 35 


14920 






495,895 


82,000 




Aver.. 


347,679 


12.35 


* ' * * 


* * * ' 


.... 


41,321 


19,312 


22,012 


7,616 


31 



MALDEN AND MELROSE BAILROAD. 
(S^ BmiQn City Pmimger Raihrmdi,) 

MARLBOROUGH BRANCH RAILEOAB. 

{Financial i/ear eliding 30M November^ 1859.) 

Mauk Fay, PrtsUUni, Maklborougu, MiMlestJC Cb., MsL^iS. 

Lengtu or RoAi)^Mjirlb<>rougii to Feltonville , , 3.9 miles. 

-= ^ — . • 

The MttrJhorm(gh Branch Railrmd Vmipftni/ was clmrtored in 1852, and the 
ronil wa.s comploted and opened for pnblic use on the 1st March, 1S55. 
Previona to this date, namely cm the Ij^t Novtnnber, 1^5-j, the Fitchburg 
Railroad Company leaf^ed the ro:id for W years from the time of its com- 
pletion, flnd iigreed to jiay to tlie Marlburongh Company aw rent thereof 
oneduilf of the gro8!^ reeeipta. The lease also provides that the Fitchburg 
Compaiij taaj pureha&e Uie road at imy time during the sajtl 30 yeai-s at tx>st 

BuARK Capital— Authorized, B80,000, in 800 §100 shares: paid in^ $60^000. 

FcMVKi) Debt — $82,988 \ described us followt*^ 

1 d Martqa^e^ 6 per ctmt.^ coupon bon^^ $82^988 

—dated in 1854, and payable, principal in 10 years, and interest serai-annuallyp 
1st January titid Ist July, at BostoiK 



Cost of Road and Appurtexancks- 

OnitluaOoti iinti mniKinr/ •71^122 

Bridge* 11,261 

Fuperttrut'luri!'. including iron** ..*..-. 30,35i2 
&tatioiii>, buUiiinp »nd fixturee * ' 0,138 



-$150,185: in detail as follows 

[ Land, Innd-flaiiitigcft and fomoS" •• •* 
I Enginfioring'. * • 

IAgpnik'«, ninl otb«r expenMiS* ....... 
Huatn^ stoik- None, 



#9,901 

b,130 

21,281 



In COMB Account for thr Year kndimi SOtii November, 1858. 



Stirplus inc'ome, lit D^ember, 1856 •3,038 

B«nt of rottJ^ P*^"^ tontracl- • • • • 3,309 



Pijtbn ntemenU — 

Taxes and tn0ur«Dee t37 

Salaries lunl oflHee expenseff 6te ^ 1,0N 

Stirplua not diviijcid •«• « 6,316 

Total 86,367 

• Including $10,490 rDccivec] ft>T wood (tnd inatcriftls sold to Boston and Lowell Cora puny, and 
$3,630 fmm the tnniu corpora tioa for Octobor and Xuvamberi aa pur uontract, be tog 6 per eeuL 
p«r annum on coat of roa4. 



Total ■ 



'96,367 



J 



MASSACHUSETTS— MEDW AY BRANCH. JOl 

Cost, Earnings from Eent, Expenses, etc.. Yearly. 

Cost of Mileage Total Current Income, r-Dividend-N 

Tear. Road, etc. of Road. Income. Expenses. less expenses. % p. c. 

1855 $13U,U34 39 $3,876 «1,400 $2,476 nU. nil. 

1866 142,585 3.9 4,605 600 3,805 " " 

1857 156,184 3.9 4,093 37 4,066 " " 

1858 156,184 3.9 2,363 37 2,326 " " 

1359 156,184 3.9 3,309 1,052 2,257 " «» 

5 yean... 741,171 19.5 18,246 3,326 14,920 " « 

ATerage .. 148,234 3.9 3,649 665 2,984 ** «« 



MEDW AY BRANCH RAILROAD. 
(Financial year ending 30^A November, 1859.) 

Holmes Ammidown, President Boston, Suffolk Co., Mass. 

Length of Road — North Wrentham to Medway 3.6 miles. 

Siding?, turaouts and other track, 0.61 mile. 

■ I 

The Medway Branch Railroad Company was chartered on the Ist May, 1849. 
Construction was commenced in the summer of 1851, and the road completed 
on the Ist December, 1852. A permanent lease of the road was executed in 
1851 to the Norfolk County Railroad Company from the date of its com- 
pletion, the lessee to pay for the use thereof all the net earnings. The lease 
has been-assumed by the successors to the Norfolk County Company under the 
names of Boston and New York Central, and Midland Companies, which see. 

Share Capital— Authorized, 885,000, in $100 shares. Paid in, $29,000. 

» Floating Debt — $3,785. 

Cost of Road and Appuktenancks — $37,909. 

Income Account for the Year Ending 30tii November, 1859. 



PftMenger earninge 




«5'25 

1 \'ifk 


JDisbursemente — 
Maintenance of road*. • * 






. $415 

etc 


JnigU " 






Salaries, etc 




.... 


. 377 




T«#ol 








•Tm**! 


31 551 


.ftl fUil 




Coi 












?T, Earnings, Expenses, etc., Yearly. 




CostofBoad 


, Mile- 


/ Gross Earnings » Operating 


Earnings, 


t — 


Div.— X 


Tear. A equip't 


age. 


Paw'gers. Freight. Mails, et«. Total. Expenses. 


less exp. 


$ 


p.c. 


1853.... $36,073 


360 


«1,643 •1,297 «•••• $2,940 •••.. 


$2,940 


nU. 


nU. 


16&4. ... 37,909 


3.60 


1,968 1,711 •••• 3,679 


3,679 


u 


(i 


1865.... 37,909 


3.60 


1,143 1,187 .... 2,330 


2,330 


u 


u 


1656.... 37.909 


3.60 


2,665 4,527 .... 7,192 3,110 


4,082 


(( 


tl 


1857.... 37,909 


3.60 


3,669 2,567 


1,102 


u 


iC 


1858... 37,909 


3.60 


.... 


.... 


it 


(t 


1859.... 37,909 


3.60 


525 1,136 .... 1,661 1,408 


253 


t( 


l( 


7 yean. 263,527 


25.20 










ATm«g« 37,646 


3.60 













METROPOLITAN KAILROAD. 
{See Boiton City Pattenyer RaUroadt.) 



182 



MASSACHUSETTS— MIDDLEBOROUG II AND TAUNTON. 



MIDDLEBOROUGH AND TAUNTON RAILROAD. 
(Financial year ending 30M November ^ 1859.) 

Board of Directors and Officers, 1859-60. 
P. Tillingbast, I Elisha Tucker, I Cbaries Robinson, 

William A Crocker, | J. S. Tillingbast, | Deming Jarvis. 

J. B. ToBEY, President Taunton, Mass. 

A. E. SwASEY, SuperiuUiideiU " " 

Principal Office Taunton, Bristol Co., Mass. 

Length of Road — Taunton to Middleborougb 8.03 miles. 

• Sidings and otber track, except main track, 0.5G mile. 

Rolling Stock — Locomotive engines 1 

Card : — Passenger, 1 ; baggage, 1 ; niercbandihe, 20 22 

Tho MidcUehoroxtgh and Taunton Branch Railroad Company was organ izcd on 
the 20th December, 1853, under a charter granted in the same year. The 
work of construction was commenced in the spring of 1855, and the road 
was opened for public use in the summer of 1856. 

SuARE Capital— Authorized, $150,000, in 1,500 $100 shs. Paid in, $148,067. 



ent — $153, 



Cost of Road and Eqdii'm 

Graduatiun and masonry $45,899 

Wooden bridges 384 

."superstructure, including iron 56,024 

Stations), buildings and fixtures 3,991 

Land, land damages and fences 1B,U05 



,913 : in detail as follows — 

Locomotive engines 99,281 

Passenger and baggage cars 2,577 

Morchuudiso cars 9,135 

Engineering 3,947 

Agencies and other expenses • • •• 4,099 



Income Account for tub Year ending 30tu November, 1859. 



Receipts — 

Passenger earnings 

Freight " 

U. S. mail 

Surplus, Ist December, 1858* 
Deficit, " " • 



.$10,077 

. 15,901 

ti58 

102 

492 



Total. 



•«27,230 



Disbursements — 

Maintenance of road 

Motive power and cars 

Tolls to other roads 

Operating expenses 

Stilarics and office expenses • 
Interest 



Total. 



• «2,679 

• 1318 

• 12,898 
. 7,472 
. 2,179 

684 

.$27,230 



General Statement, 1st December, 1859. 



Dr. 



Cost of Road $132,950 

" rolling stock 20,993 

Various assets 3,931 

Profit and loss 480 



Total . 



.$158,367 



Share Capital* 
Floating debt* 



Cr. 
.$148,067 
• 10,300 



Total- 



.$158,367 



Year. 



Cost 
of Road. 
1836... 134,081 
1857... 149,495 
1858... 153,826 
1859... 153,943 

4 years. 591,345 
Aver... 147,836 



Cost, Earnings, Expenses, Etc., Yearly. 



Mile- . 
age. 


Pasa'gers. 


— Gro.««s Earnings — 
Freight. Mails, eu 


. Total. 


Operating Earnings, 
Expenses, less exp. 


.— Dir.— ^ 
$ p 


8.03 
8.03 
8.03 
8.03 


$5,728 
11,332 
8,029 
10,077 


$7,096 $.... 
15,615 372 
12,345 693 
15,901 658 


$12,824 
27,319 
21,067 
26,636 


$11,218 $1,606 
26,439 880 
19,190 1,877 
26,547 69 


nU. niL 
ti .< 

(( .( 
It It 


32.12 
8.03 


35,166 
8,791 


50.957 1,723 
12,739 431 


87,846 
21,961 


83,394 4,452 
20,848 1,113 


i( u 

i( It 



MIDDLESEX RAILROAD. 

{See Boston City Passenger Railroads >) 



MASSACHUSETTS— MIDLAND, 133 

MIDLAND KAILROAB. 
(FinancitU year mdinfj Wth Novemhet'j 1859.) 

HaLM Rs AMMtDowN, Pi'e^ident. .-**.. .Boston, Ma^, 

E. Uav NES, Jr., Trtastutr * . . , " »• 

Pftiis'cii'AL Office * • . . Bosto.s, Suffolk Co., Mass, 

The Midhmd Riulrnad Compant/ wn^s iueorDEiruted on tho 17th MarL^h, 18o8, 
60 eilocfi*tftir to the B*L**to[i mid New YorK Ceutrul, which was a **orisohihi- 
tion of the Midhuul, tlie N'orlblk Couutj, and tho Houthbrulge arul Bhick- 
fitorie CoinpunieH. 

The Norfolk Ooutitj llailt oud ComfKiny was chartered on tlie 2Uh Ajiril, 
1847, aiidj pursuant to a proviHuu ul* Hs cliartt^i^ united with thti AVal[M4*i 
Kailroud Company, whirl i had liecn itmapoiatod dm pi\?L'eding yeiu\ Tho 
Biiction extending from Walpntd to DeiUiam had ah'oady been placed under 
ctKjtnict, and ttoon al\er tlie union of tlii^ two corpnratiotis. which was con- 
summated on tlie lyih July, 1!^47) the section frotn Walpiile to Blackstotie, 
was comtneneed. The whole road^ l2.'».0ti mile?* long, was conipleted and 
opened for business on t)ic 'IM A(n*il. 1849, at a cost of S95l),Gfi5. 

Thu Southhridge and lilaL4;stoae Railr<»ad was ehartered in 1H49, and the 
Midland in 1850* On the ISth December, iSf)3, these roads, with the Nor- 
folk C%iunty, were consolidated iiito the Boston and New I'ork Central, In 
1854 the line extending from Blackf^tone to the line of the Norwich and 
Worcester llailn*ad, at Mechatn'csvilk^ 'IH nnlQ^^ wvb opened, the sauje 
having been previonsly commenecd by tht.^ Sonthbridge aad BlacksttHie Com- 
pany. On tlie li*t January, 1855, that pnrtitm of the line IVcjm Bostun to 
Dedbamj 11 miles,* aud covered by the charter of the Midland Railroad, was 
opened. Injunction wai^ i*o(m after obtained against running tlie trains o\"er 
thi^ seetion on the trronnd of the alleged insecurity of the bridges on its line, 
in consequence of which it wa^ disused till December, 1856. 

To eoun€H;.t the Noifulk Cnunty and the Soiitiibridge and Bhiekstone Rail- 
roadfthe East Thfjuipson Uriih^oad, a short litik thrt>ughthe northea&t corner 
of tho Stnte *if (Connecticut, was nndertakea. Owing to t}«e efuhairass- 
ments of the Massachusetts* Company, the whole line was leased to the K:ist 
Thompson Company and operated by it for one year from the *2d March, 
18.57, when the Norfolk Oiunty Bailroad was tikeu possession by the Trus- 
tees under the mortgage, liy whom tliat road has smeo been operated. 

Fur the purpose of extricating the concern trom it^ emlxirrassmentSj the 
present Company was ehartered, and anthon/.ed to take the whole projierty 
of tho Boston and New York Ceiitralj and U> j»ay for the sanje in stiick as 
as follows : 

Ist, To the bondholders of the Norfolk County liailrond Company, and 
for land'damages out-^t audi ug, a tirst class 7 per cent, Preferred Htock was 
iiutht>ri?.ed to be issued- 

2d. To the holdeiis of the bonds of tlie B(ist<*n and New York Centnil 
Company, and for all debts secured by collaterals or liens upon the (Com- 
pany *d property and lulan* claims^ a second clas:* 6 per cent. Preferred Stock 
was authorized. 

3d, To the unsecured creditors, common stoek to the full amount of theu' 
claims was lo be issued ; and to the holders of stock in the old company, 
one shore of new stock to every frnir held by them. Parties not availing 
IbemtieiYes of the provisions in their favor within twelve months to be de- 
barred. 



134 



MASSACHr5ElT;?-MIDLAXD. 



The cost of tboB. & X. Y, Gentnil, 61 i miles coriijileted, nnd 1-5 miles par* 
ti;»lly L'ompleled^ husj beep ^4,5^37, 81/5, of which §'2,354,700 was represented 
by Kltick. 

There has been issued by the new CompuTiy, in accordance with the plan 
of orgitnization, S4,li(iO of the l«t clasis preferred ; §764,600 second clat^a 
jiref erred, and 8043,800 of coninion stock, making a tot^l of 81,41*2500. 
The claims still outfctandiii^ a^jiiiisl, the uld C^^mpanies are us follows .— 

Blind* of the Norfolk Cminlj RtiilmsiiK.- §414,350 

Bonds of the Boifdon iimt Nevr York CetiLruJ RiillroAfL> •< * 321 ,000 

Labor c'laiitift Mml Judgiiionr«.' ** *- ** • •* * * ...,.»... , . 17,213 

Lftud clniiiw- • - »*«..*. ]5(A000 

Old (stock ouUtundm^, ct4\ ♦ - ,..#.....«,-...*.. » 18lj,i>75 

Total. $1,089,168 

The Funded Debts of tho old Companies are as follows : 
lai Morlffffffff <> p^r cmf,, ( Norh ilk Ci >uii ty ) honds ^. .$4 14,350 

— dated Ist September, 1840, and payable in fiveyeai-s; interest pa^^able 
eemi-annually, ia Bosttm. Tin,- eoiipon last duo on these b*jnds is unpaid. 

1^/ Mortfjaffe, per CfmL, (Boston and New Yca^k Central) honds 8785,000 

—dated Itst January, 1854, and payrdile in :iO yeai's; interest payable seioi- 
nnninilly, at llie office of the Company. The interest tai these has remained 
unpaid for several years past. 



According to the latest report of tlie Boston and Kew York Company 
(30th November, 1857), the iinancisd condition of the road was iis follows : 



Shure onpiial* ■ 
Fiimted ilebt • - 
F1<>fttiug debt • 
PrvOt a.n*i lou- 



. 374.550 
. 108.730 



TotuI •.•»•♦ • $3,923,319 



Court of ruiid nrnj t^qiit^mtful' 
Ai^^ti rtud othor pniporty * • • 



$3,692,144 
. 23M7S 



Totnl -^..^ $3,923,319 



The details of the cost of the road and efpiipment at that date are shown 
below : 



Ortvdiintion and iiKtiMiDry - - 

Bridg^esi ■ • - - • • • 

SiJpf*rslruclur(j aod iroD 

gljaiiins, ljiiildiii){.H ninl fi.\tfirt*t^« 
Lnsd, hind dniitngoa uod lcnct<« <■ ■ 



.$1,775,014 
. I91,fiRJ 
. 511,422 
40.263 
. 474,097 



LfKomotivoa - - • • • $26,950 

ISiBseni^er cnrn *......•.. 13,650 

Merchritidif « cnra • - . * - - • • - t?9»l4 1 

Enjifinconng^ - ■ *- 69^384 

A gone! OS and other cxpentea — ...... 660,335 



.1B49 - 

I18&0' • 

. 1651 • 

1S62 * 

18o3- 

1864- 
riB&6'< 
1 1^56* . 
LI8&7 - 

1959- 



Cost of 
Rotwl, 

$950,605 
l,0B0,!;90 
1,213,451 
l,24&,927 
2,221,068 
3,310,948 
3,463,819 
3,fiS9;250 
3,692,144 
3,692. 14 J 
3,692, N4 



Cost, 

Mik- 

23.96 
25 96 
25 96 
25 96 
25.96 
48 92 
6151 
6151 
6151 
6151 
61.51 



EaKNINOS, ExPKXSEf, 

-Gtom Edrninps — 

Pii«s'r», Freight Minis. 
i7,9;8 $ 
19,135 
22,836 
27,729 
36,890 
38,263 
24,177 



$18,272 

37,339 

35,792 

38,555 

51,638 

62,t01 

33j705 
Not in opomtiun 
Opcrnted by Enn Thompson 

18,387 13.294 9,15U 

32, U2 24,490 3,656 



b367 
1,458 
967 
1,7S7 
1,993 
2,035 



Etc* I Yearlt. 

. operating Kel 

TotiiK E^penaes, Eorii*§. - — Dir. — 

a^l6,'250 $14,501 $IIJ49 nU. nU 

57,941 33.193 19,647 » « 

60,086 37,859 22,227 ** ** 

67,251 43,835 23,416 "^ '» 

90,315 55,101 35,214 " »* 

102,352 60.017 42,335 " " 

59,917 61,177 8,740 " « 

Compiiny, of Connci'tU'ut, 

40,656 40.452 204 " " 

60,263 37,573 22,690 *' « 



NoTB. — Th« fihovti tftble rofon to th« operations of th« line under dtfferent coinpantes. For the 
two years pnst, it rob tee I o the uporMtiont uf th« Norfolk Count jr HhIIiuimI only. The eanungs for 
1858, ar« for seven uiontb^. 



MASSACHUSETTS— NASHUA AND LOWELL. 



13b 



NASHUA AND LOWELL KAILUOAD, 
{Financial year ending BOth Nocemher^ 1859*) 

Board of Dihectoks and OrFtcERs^ 1850-00, 

William Amory Boston^ " | Oiisiluw StenriiJi Coueord^ ** 

F, B, CRowNiMSHiKtD, Pifsidmt, ,, Bo.«*ton, Mass. 

William P. AtNNVVoHrH, TtmsHrm' Noshm*, N-U. 

Gkokuf. S takk, Manager * - *' " 

Prij«cipal Office Nashua, HiiMoroiigh Co., N.U. 



LutGTU OP RoAD^^I^weil, Mass,, t-o NasUimj N, [I. ..... . 

SMoiid track, inclutlmg sidings, etc., 3.0G miles. 



14.58 miles. 



Rolling STorK — Locmnntive engines — , , 12 

Cars: — Pit-sseiij^er, 12; baggage, 8 ; inerclmndiae, 296, and gravel, 20».*336 



The Nashua and Lowell liailrond Companif is u consolidation of the Nuahua 
and Lowell Comfjuny uf New lIiiiii|kshiro, and the Lowell and Nashua Com- 
puny of Mil Slouch iirtettfl. 

The New Ilampr^hiru Compuay was chartered on the *2Cth June, 1835, and 
waa thalirivt company chartered in tliLit iState. 

The Mussachusett.s Company was chartered on the 16Lh April, 183f>. 

In 1838 the two conn>:ina;:i were consolidated under the title of the Nashua 
and Lowell Conipaiiy. The eonstrnction of tlio road waii cojnrnenced in 
18^7, and completed on the *1M December, I8Ji8. A second track wa^? hiid 
in 1845-G, and iuipnrtunt improvements were made on the line of the road 
ID the city of Lowell, and additions to the rolling etock of the Company in 
184^8-50. These expenditures raised the cost of the road, etc., from $:i80,U00 
in 1844 to StioUjOUU in 1S5U. 

The Nashua and Lowell flalh oad Company runB, under lease, the Stony 
Brook Hailroad, paying as rent B per cent, oo the coat of that road. This 
lea^e was dated in 1«48, and has been extended to 1873, It also runs the 
TViltoQ Railroad of New Hampshire^ paying aa rent t> per cent, on its cost 
provided 9 per cent be earned <n\ the cost of its own road. On tho 29th 
Jannar\% 1857, it entered into a contnict with the lifpston and Lowell Rail- 
road Company, whereby the two r(»ads are to be worked as one lino for 20 
ycj*rs, from the 1st April, 1800, and the net earnings to bo divided in propor- 
tion of 31 per cent, to the Nashua and Lowell^ and OD per cent, to the Bos- 
ton and Lowell ; the joint Companies to assume the contracts made with 
other railmad conipaniea by either party to tlie contract, — {Se^ Boiton and 
Jj»welif Stoni/ Broakj and JFiUon Hailroad,) 

SuAttB Capital— Paid in, $600,000, in 6^000 8100 shores. 



PoNDBD OE Fldatino Dicbt — None. 



Coot of Road and Eqcipmknt, ktc* — 8600,000: in detail as follows — 



OraduiLtirjii and nuBonrj 
WtMxleu brttlg«a ♦ ■■ • 



Ijoii 

8«|itnliniotur«, iucliirjmg trt>fi<» 

^ buUding^ and fixture! • 



.«U6.828 

' 1,87.-1 
* 23;i,0D3 
. 93,197 



LnnrI, Und-di^mrngsi aud fences f^SSd^SIRO 

Lut'omotivei " .,.-,.....», ♦ - 46,240 

p]i»gt3ngvr und biiggage cars 13,793 

McrLihuQcUei} aod uth^r cart 35,(»5t 

Engiuoorlug, agcocicsj etO' ••*<•*•«* *** 31,511 



i 



X36 



MASSACHUSETTS -NEWBUKYPORT. 



Income Account foit tiik Year ending 30th Notbmber^ 1859. 



Kccciptt — 

IT, S mail " 
Express '* 

Surphis from 1S58* 



*87,799 

135,120 

2,779 

3,507 

62,99? 



Tutal. 



DinbiU'stments— 

MfiiDtcnnD^ti of way • • ■ 

Repiiirn of oDgines and cmrs- 
Op-srHtirig expenses' -....-. 

RvulH l*j leiLisod roads < 

Dividend 3 per c^ot* »..♦*». 
Sarplua ondiTided' 



Total - 



Pr. 



$292,199 

Genkral Statkmknt, Ibt December, 1859. 



-139.614 
.. 22,319 
.. 70,564 
-* 2^197 
.. 48,UOU 
" e3,504 

.$292,198 



Co«t of road - • *5 58,91 9 

" liquipmont - • ■ » ' • * - 93,^34 

RoftI efUto- "• ll,9:i7 

Jdfttoriftls on bnnd • • 3i,023 



Total - *.8G99,563 



Share cApUjil - 1600,000 

UiitJindoil mirplu3 - - - • ♦ * » 83,504 

Profit and loss- 16,059 



ToUl- 



$699,563 



Tour. 

1338- 

1839. 

184U. 

1841. 

1842- 

1943. 

1844. 

184S 

194(3. 

1947. 

1948' 

1ft 19. 

1350. 

lail- 

185'^. 

1853. 

1854 

1855. 

1S56. 

Uo7' 

lft&3' 

1359. 



Cost, 
gf Iluad. 
8350,000 
35:^,6b"i 
368,703 
3811.000 
380,000 
380,000 
380,000 
450,000 
600,000 
500,000 
625,0<j:i 
641,082 
651,214 
651,'21J 
651,2)1 
65L214 
654,(i03 
654,603 
G64,0O.J 
654.C0J 
654,G03 
654,603 



Cost, Earnings, ExpenseSj Etc. 



Milo- 

ttgC?. 

14 28 
14 28 
14.28 
14 '18 
1428 
1428 
14 23 
14 23 
14 23 
14 28 
H53 
14.58 
14-58 
11.58 
14.58 
14 58 
14.58 
1458 
14.58 
14.58 
14 58 
1458 



PjUH'g«Tfl. 

84,000 
3*1,647 
35,793 
75,732 
66,305 
43,755 
47,165 
53,007 
69.092 
69.142 
78,868 
67,097 
54,554 
47,;{63 
4B.901 
63 J 55 
74,9^2 
77,2B9 
75,1^7 
9i),628 
68,136 
67,799 



-Hmsi EEiniingsi- 
Freij^ht. Mails, via. 



82000 

18,199 

46,549 

55,700 

63,125 

37,296 

44,754 

54,632 

63,614 

82,62! 

92,194 

79.737 

02,577 

60.553 

73,202 

R9,52l 

108,257 

111,540 

102,014 

126,110 

108,367 

135,120 



8114 

207 

295 

1,061 

1,759 

3,027 

2,663 

5,011 

4,790 

5,572 

4,125 

9,705 

12,456 

9,001 

10,442 

10,269 

9,643 

7,687 

8.61b 

9,459 

9,582 

6,286 



TiitJil. 

86,114 
55,053 
82,637 
132,4% 
131,189 
84.079 
iM,587 
112,660 
127,496 
157.335 
175.197 
1.56,539 
129,617 
116.917 
132.645 
162,945 
191,887 
196,516 
186,017 
226,097 
166,085 
229,205 



, Yearly, 

0[>£) rating 

Expcns4^i9. E 

84,ia3 

28,653 

62,532 

95,967 

9L577 

39.991 

59,643 

43,009 

70,279 

9<i,937 

I09,5r9 

99,456 

79,347 

B5,544 

78,493 

101,792 

136,010 

127.860 

121,589 

148.793 

II4,6R0 

160,695 



Ket 

umings. 

$1,929 

26,395 

30.105 

36,529 

39,612 

44.087 

34,944 

64,671 

57,217 

60.398 

65,588 

57,083 

50,270 

61.373 

54,052 

61,153 

55,877 

68,656 

64,428 

77,304 

71,605 

68,510 



. — DiF.- 
8 

flit, 
24.6W 
26,280 
30,400 
30,400 
30.400 
33.UU0 
63,000 
50,000 
50,000 
60,000 
55,000 
43.000 
64,000 
49,000 
48,000 
43,000 
36,000 
45,000 
45,000 
48,000 
48000 



p.c. 
7 

e 
e 

10 
15 
10 
10 
10 
10 

8 

9 

8 

8 

8 

6 

?l 

e 

8 



22 y«- 1 1,740,984 317 76 1,324,527 1,617,682 131.013 3,073,222 1,962,536 1,110,666 915,960 
Aver. 533,681 14 44 60,206 73,531 5,955 139,692 89,206 50,486 41,634 



8* 



Oeorgp Cag?*well, 
llumplirey lloyt, 
FriinliiiTi Brkkelt, 



NEWBUKYl'GRT RAILROAD, 
(Fimrnml j/ear mdmtf 30^A NntBrnher^ 1859.) 

Board of IIirkctohs asp OFFtcicns, l.SiVr^-GO, 






Cieuige *l. Tcnneyj 
SaiiHiel Little, 
Win, N, Cleveland, 



Jo.flpph S, Black, 
Benjfimin Poole, 
lElfrai Directort, 



Bknjami N Poof.F-, Pienidctit fual Suiter hUend^nt .-...,. ,Tf>p*ilielrl, MtkSi, 

O, P. E.MKH V, TicrtJfnrer, •Xewburj|K»rt, ** 

PjtiKciFAL Office. . . , Newburyport, EhHJc Co., Ma^i. 

LtKGTHOFRoAtJ—Danvers A Geor^i^lnwn KIL, S- Danvers to Gcorpet'n. 12-39 Dxiles 
N e vr h u i'y jxir t ! tiiil road , N e w b u ry po r t to B rati fo rd . . , * 1 4 . 5 8 *' 



ToIjU len;;tf» of tjonsuliilnted railroatl 
Secoinl track, sidings, etc., 2.30 miles. 



,20.97 milus. 



riUSSACHUSETTS-NKWBURYPOKT* 



Rolling SracK — Lnoomotive ©Tigines 5 

Cars: — Pui^vnger, 9 ; bagga^Cf 5 , umrcIjuiKiise, 2U y gruvel} 10 53 

The Newhuryport Railroad Cumpann in a ctmworKlutiun of the Dunvt?rs uad 
GeDrgetowo, and the Xewburvpnrt l\:iilni:id Coiii]>iini*j3. 

The Daiivcrs ami Geortretcnvn liuilrouil Coiit|)any was chartortid iii 1849 
and organized in Ib^fd Tlie capital authorized was §1J1U,U0U iu $100 shurtjs. 
Before the completion of tlie mad tlie Cmnpany uontmeted ninning' armiigo- 
ments with the Newliurypnrt Kailnntd Odupany; and on it« final opening in 
1854 the latter corporation entered upon tlie line with rolling Ktock and ope- 
rated it until tije consolidation. Tiie cost of eonstrneLion tiJ the end ol" lii54 
wae $lGa,t}G4, 

The Nevvluiryport Railroad Caiiipiiny was chartered in 1846, witli a capi- 
tal of 8-00,000. The eoiLstrnclion of the road commenced in 181S. The 
first 7 J miles from Newl)uryport were completed in September, 1840, and 
the remaining mile to Georgetown on the iJ*id May, 1 ><;>(]. The scj:tion be- 
tween Gexfrge tow nan d Br a ♦lib rd was placed under eonstruetion in lieL-ember, 
1850, and opened fur public- une on tlie liijd 8epteniber, 1851* To build this 
section tho capitiil wa» increased by $U-N>;000, 

The consolidation of the t\v(^ eoni|Kinies wa8 provided for by an act of the 
Legislature passed on the fHh February ^ 1855, and on the 2'2d of the same 
month the union was perfected. The joint Coinpuny hiis running arrunge- 
mentJd with the Boston and Elaine Company (through the Danvers C'onipany}, 
©o that the eai*s of either can piu^s between Bowton ixxni Newbnryport with- 
oat detention, 

(Since the preparation of the above statetnent, the Newburyport Railroad 
has been leased to the Bosbm and Maine Raih'oad Com|UHiy for a period of 
100 yeurg — the latter advancing 8UOO,bO0 to dischjuge the debt.H of the 
NewF)uryj>ort Company, a i^um equal to al>out 7U per cent, of their amount, 
which MUm i« ti> be acce])ted by the liolders in full discharge of their claims. 
Of Jlhe amount advanced, 50 |>er cent, is to be paid over to t!ieni immudi- 
ately, and 2U per cent, held to await certain contingencies in the adju.^tment 
of the affaii's of the Company. At the ex [m rat ion of the lease, the amount 
advanced is to be a debt against the Newburyport road,) 



Shark Capital— Authorized, $430,000, in 4,300 SlOO shares. 
Paid in, - $220,-24O, in 1,807 '' 

— and including forfeited 8tix?k, etc. 



FcTCDED Debt*--- -,$'2:>l,t}UU | Floating Debt --..$221,693 

r^«T 0? Road and Equipmkst--$048,969 : in detail as follows — 

<!' ri'l moaonry •197,(3fj4 I Pwd^enger iind bBggtge car»' '-- • *S10,B&0 

F % incloding iron 179,474 | jM^'Tp hftwdij© and gmvel carS' •♦ • • • *♦ .. 18,224 

$iU4 , ...jliinic* and fiactnrci"*-" - 24,i8'<! i Engiueoring ,. 13^205 

d, iJtad dxojji^ei uDd fnucea 76,09.^ Agoncioe and othor oxpoiLMg*- • «...««. 9L372 

irc &&tn"*^B"" "" 34,622 I ' 

It^comii Account fob te£e Yeah knuino 30ti[ November, 1859» 

DLifbtirte m ait^ — 



Freifkt 
ToUl- 



earnings* 



.#32.934 
. 18,027 
. 376 

.151,338 



Opornting expensot , . i37.2{S0 

Interest- '.. • 4,09B 

Eamings undiridod' - • • » ..,...» 9^993 



Total-. » «5I,338 

* Tb* ruiid««l d«bt of tlie CoropuDy \a motUy m the htrnda of the tbt^rebolden, and 5«curod hy 
10 aMf|gaf«« tin tbe mad, fumiturG^ eUs. 



138 



MASSACHUSETTS— NEW BEDFORD AXB TAUNTON'. 



1851 ■ 
1662.. 

1854.. 
1666*. 
1866 *• 
1857.. 
1868.. 



Cus-t of 
tioiKJ, etc. 

1^4,735 

•281,721 
267,113 
&92/i2i 
610,272 
626,t}32 
62&,i62 
648,969 



Co?T» BARXtNdS^ ExhKNSES^ VAC, YeARLTT 
Mitu-, 



855 
14 58 
14.58 
U58 

2C97 
2697 
26 97 
2b 1*7 



7,111 
14,2BS 
17,761 
22/29:1 
27,534 
25,714 
29.987 
26,610 
32,935 



Freight Mnils^etc. 



4,9:i5 
0,2J9 

U.S45 
17,604 
1B,762 

i5,e:u 

18,927 



10 yra. 4,233,965 20JJ2 209,919 105^575 
Aver,. 423,398 20.17 20,962 10,557 



1,446 

1,6S4 

l.;291 

6il 

376 

5,328 
653 



TotuL 
i3,55l 
IMl 
]9;2]B 
25.960 
32,632 
40,875 
45,002 
50,040 
44,975 
51.33d 

32UJ22 
32,072 



Opi^raUng EarnEngi, * — Dir.^-^ 



expetises. 

91,793 
3,!=169 
11,758 
15,9J7 
18,772 
35,093 
41.585 
44,927 
35,717 
37,250 



llMMI tiXp. 

tlJ58 
3,242 
T,4W 

10,003 

13,860 
6,782 
3,417 
6,113 
9.258 

14,088 



9 



nU. 



246,741 73,991 
24,674 7,398 



NEW BEDFOKD AND PALL UIVER RAILROAD. 

Length of Road — At Taunton, about. ..,.,., * . 0.25-mMe, 

Tlio xV^«* Ih'iiford and Fall Uirer liailrond Compmij/ whk ehMrtered in 1836, 
and uoiisiructed a Klmrt milroail lu connect the New liedford and TauDtoQ 
Kailroiul with tjit^ Fall River Railroad ut TtmutorL Tlie Conipaiiy consists 
of itud the road ii? owned eonjoiiitly by the two companies above designated. 
It was completed and opened for jmblic use in 1847* 



NEW BEDFORD AND TAUNTON RAILROAD. 
[Financiid ijfiir e7idin(f 30M Novemb^^ 1^59*) 

SOARD or DlREtToaS AND OFFICERS, 1850-00, 



Joseph (iHartel!.. . . ,,Ntw Ikd/t^rdf Mass. 

Ward M. Piirker '' ** 

T. ManiWlL " " 



D. H. CJreeoc! • Tannimif 

Charlies L. WucmJ « 

P. S. Ilatiiaway " 



JosKPn < I HiisNELL, President .,.♦.. ....*...*.*..... New Bedford, Mass. 

Lawhknce G uinnell, Tteastirtr. - , ^* *♦ 

A. E, SwASKf^ Super hUcjuimt Taunton, " 

Principal Office New Bedford, Bristul Co., Masa, 

Length of Road — New BL'dfMnl to Tfniofivu *.,.., 20.13 miles* 

Branch Linu to New Bt'flfnnl Harl^ior , 1.46 ** 

Second tracky iacludaiic ^^idiivf^s etc . LUG mile. 

Rolling Stock — Locoinotke Gn^iHes. .,......,..•......«.,,.«..*..» 7 

Car*: — Pa^Hmigcr, 16; baf^i^i^o, 0; mtTchamJisCj 137, and gmvel, 3.,..,., 1C2 
—owned in comnwn by the Nt*\v Bcrlfurd nad Tiiunton, and Tiimilon Branch Com- 
panies la proportion to the lengllis of tlieir roads severally, 

ITje Nrif Bedford and Ttntnion Rnihoad Compunt/ was chartered under tho 
title of **Old Colony Raib^uad Corporation'* on the Lith Aprih 183*^^ 
with a capilid of $400,000 in 4,000 glOO .shares. In 18:^0 its title wim 
waft cbang-e<h iind its present one adrinted. In l!^38 the Coujpany was 
aulhorized tu constrnet a branch raib'tnid in New Bedford, and also to unite 
at TanntoD with the Fall Uivt-r Railroad, Tlie nhare capital was by tlie samo 
act inereai^od to SoO0;00O. The connection at Taimton was raade by tho 
New Bedford and Fall River Kailroud Compuny. 

* rtiurteen moathi' Qperationi. 



MASSACHrSETTS— NEW BEDFORD AND TAUNTON. 



139 



The constniction of the New Bedford and TuuntoQ Hallroiid was coni- 
TDenced in Mtty* ISiJO, tmd wiis completed and put in operation on ttio ^d 
July, 1.S40. Ill 1847 t\w connt?cti<in was made witli tho Fall Kivur Ruilroud, 
and hi the same year the X»^w Bedturd lii aiieh connecting with ilm harbor 
wius built. The road \s now run in connection with the Taunton Branch, 
und tiie same rolling stock used on l>oth lines. 

811ABK Capital-^- Authorized mid paid in^ $500^000, in 5,000 $100 shares. 

Floating Deht— S19.H(M>, lidls payaUe, etc. 

Cost of Road axd Equipmknt — St")47j4ST: in detail as follows — 

OTBilUHtion und tuaionrj* 9156^108 I Lwuim-tives— ♦* •• * tl7,792 

Wooden brttij^e^ • • • • B,014 PusiMsngcr ami buggage can 17,364 

Sviponlrueturf , inctuflinor iron • ♦ *• •» • • 149,5JS | AltjnhEnnibe care 17,507 

" ' loi, bdihliiiKH iiuJ lixluros. 55^;i-iy i Enji^iijyiTiiig- -...-- .,..,,...* 15,151^4 

I l»tid-d&md^gea uud fencuA - • 91,165 | Agiriick<!i unit uttier expoiuaa 11^,1)45 



iNOOlfS ACCOCNT FOll TUE YbaH KXUING 30tU NoVKMBKR, 1859. 



PAMetiger eamingi* 



R«bU iwd iDt«reBt *• •.*♦.<.... 

l^aimiQti Br. Hit Co^ (per Agreoment) 
gitrplut from 1856- •.......»..♦*..•- 



•98,378 

46,764 

2,4(!0 

1,474 

4,2-^fi 

36.949 



Disburscmtni* — 
Miiintena.ricc of roiul^ etO' 



f^0,0b7 



Kepairs uf roll iug « lock 12,701 

Ftiol, uil, «(c 1O,S40 

Wugvs, grntuUiei, etc* . . . *. ..*-..*.* I7,0i'4 

Thjccs hihI iD^iirimee * » 662 

Tolls to riiuulrn Br. RR, Co- •' • 50,47S 

ISakrinn nod office expenseB « *• 4,902 

ImlereBt- * - $1,059 

I Divideod 6 per coat^ .....,.,,. 30,000—31,089 

I Surplus inuumts*' ••• • 34,214 



TMa- 



*«J82,2I0 TotAi 



Vmi of roa<l > < • • ' 

** cooatrucUun 

I ftud o4her piropcrlj 



.....,.,.,.., .•182,210 

6KK£aAL Statkhent, 1st Decembkb, 1859. 

•494»941 Share oapitnl.. ....tSOO.OOO 

52,645 FLmtiDg dobt 19,BO0 

17,220 i^ 11 rpl us income- •'•• ..♦.. 34,214 

Prntitnmi loui* >*•• • • 10,083 



JmX 



-•564,707 



Tatiil *..... " »&G4,707 



Cott 
of RuiuL 
t4l7J88 

4rZJ58 
426,122 
42S.543 
4^0.961 
453,623 
456,411 
483,882 
499,96fi 
499,476 
49tfJ,7Sl 



£41, 579 
545,093 
544.965 
W7.487 



Cost, EAUMNQi^, ExpknsOj bt€., Ykarly. 



llgO. 

20.13 
2013 
20 13 
2013 
2013 
20 13 

20 13 
2103 

21 08 
2108 
2108 
71 o.^ 



2159 
2159 
2159 
2159 



Pftftf'i^^ra. Freight. Midl*^ oLo. Total. 

•23,251 nfiBI W99 r26,437 

39,469 8,181 4,863 52,513 

43,493 8,920 3,372 55,776 

37,393 11,182 2,09fi 50,671 

46,745 14.444 3,909 64,997 

52,659 17,586 7,966 78,211 

9H,903 32,956 2 J 09 133,968 

95.011 41007 2,863 138,SRl 

91J65 42,2J7 2,149 136,151 

8fi,2H0 4t>l)76 2,0.?4 134,390 

92,607 49,^ri2 2,063 144,472 

in,9<i4 5«,0ifl 2,475 " 173.449 

111.544 41* .975 2,711 164,230 

125,90^1 60,470 2,0G8 1SR,442 

131,978 b2,S9Q 3,613 198,491 

113,845 52.526 3.410 169,781 

113.250 62,034 3,642 168.926 

110,603 62,474 3,705 166.682 

87,558 46,176 4,179 137,913 

88,378 46,794 8,099 143,261 



OpcrnrtitJg 

Ex penmen. 

• 13,026 

22,2S5 

23.354 

22,280 

24,180 

29.383 

89.997 

94,760 

96,199 

R9.66I 

100.7«0 

120.079 

120.184 

141513 

141.733 

128,759 

139,792 

130,846 

108,107 

116,937 



lesi ttxp. 

• 13.411 
30,223 
32,421 
2R,39l 
40,81 r 
48,828 
43,971 
44,121 
39.952 
44,839 
43,712 
53370 
44 046 
46.929 
66,758 
41.022 
29.134 
35,836 
29,806 
26,3'24 



^DlT — . 
• p 0. 
•8,937 3 
24,000 6 
24,000 
24,000 



24,*)00 6 



28.000 
30,000 
32,000 8 
24,900 6 
24,000 6 
28.000 
32,000 
33,500 
35,000 
32,600 
30,000 6 
30,000 6 
30,000 6 
30,000 6 
30,000 6 



«) 7TV. 9,333 J04 



417 791.702.490 
20 98 85,124 



757.425 67,726 2,527,541 1,753.726 773,916 553.937 
37,871 3,38<j 126,382 87,686 38,696 27,697 



64 



140 MASSACHUSETTS-XEW YORK AND BOSTON 

NEW LONDON, AVILLIMANTIC AND PALMER. 
(See New London, JTUUmantic and Palmer of CowMetietd.) 



NEW YORK AND BOSTO'N RAILROAD. 
(Financial year ending 30/A Noremher, 1859.) 

Board of Directors and Officers, 1859-60. 
Marshall S. Rice, I A. B. Ely, I Willard Marcj, 

Ralph Sanger, | T. Willis Pratt, | S. F. PHmptoD. 

John M. Wood, President Portland, Me. 

Dennis Sage, Treasurer Boston, Mass. 

M. S. Rice, SuperiiUendent « " 

Principal Office Boston, Suffolk Co,, Mass. 

Length of Road — Boston to Needliam Pjain 8.60 miles. 



Rolling Stock Supplied by Goss and Munson, contractors. 

The Keic York and Boston liailroad Company, successor to the Charles 
River Railroad Company, was chartered on the 31st May, 1856. The 
line of its road in operation was constructed by the Charles River Company. 
Under the new company the graduation of 23.4 miles has been partially 
completed. The road is designed to connect with railroads under the same 
name in the States of Rhode Island and Connecticut, upon both of which 
some work has been done. Tlie completed portion of the road was formerly 
operated by the Boston and Worcester Railroad Company, but is now run 
by Goss and 3iIunson, gravel contractoi-s, who pay a rent of $6,000 annually, 
and charge the Company for its share of the expenses. 

SuARE Capital— Authorized, $600,000 in 6,000 $100 shares. 
Paid in, - $'>23,176 on 3,134 

Funded Debt — $175,000: classified as follows — 
\st Mortgage, 6 per cent., coupon bonds $160,000 

— dated in 185*J; interest payable semi-annually, in Boston. 

2d Mortgage, 6 per cent., bonds $25,000 

— dated in 1854 ; interest payable semi-annually, in Boston. 

The whole amount provided under the fii*st mortgage was $500,000. The 
amount is.sued was used in funding the floating debt in 1858 and 1859. The 
interest on the same has not been paid. The dates of issue and maturity of 
bonds were refused. 

Cost of Road and Appurtenances — $434,334, in detail as follows : 

Graduation and masonry $221,212 I Land, land damages and fences 45,7G2 

Wooden bridges 5,57 1 | ) nginoering t xpenses 17,054 

Sttperstructiire, including iron. 50,261 I Agencies and other expenses 86,778 

Stations, building«, and fixtures 7,726 | [Equipment furnished by contneiois.J 

Income Account for the Year ending 30th Notembkr, 1859. 

Receipts — Disbursements — 

Passenger earnings $15,931 Maintenance of road •977 

U. S. Mail " 6U0 Operating expenses, (paid to oontraelors) 10,914 

Rent of road paid by contractors 6,000 Wages and incidenUl expenses 1,097 

Deficit 13 Salaries and other expenses, etc 8,806 

; Interest 760 



Total «-22,544i Total t22,H4 



MASSACUITSETTS— OLD COLONY. 



Cost, Eaiininqs, ExpsNgBS, bto., Yiarly. 



141 



Ymr. 


Costof 


Mile- 
igo. 


pMs'r, 


— Qrtttjs Enrnitigs — 
Fri^ight Mails. 


TqLuI. uxpensesi. KaraiDga. 


D 


It. — -% 


ie&3. 


. 1-253,80?^ 


8^0 


•3.304 


92,6S3 


g..,. 


810.9B7 


»I0,1LM 


#363 


nU. 


nit 


idsi^ 


. 312,999 


850 


10,301 


3,469 


600 


14,270 


IL238 


3,031 


K 


11 


imh^ 


39r>,7i9 


850 


ll,J39 


4,346 


5(H) 


15.985 


11.180 


4,905 


U 


II 


1806* 


. 395J19 


850 


12,36i 


2,425 


^W 


16,168 


13,509 


1,679 


1* 


II 


iSST. 


393,719 


8B() 


I2,15R 


2,HH> 


4bQ 


14,799 


15,115 


(Loss) 
1.647 


li 


u 


1663. 


. 4\Q,in 


eso 


10,:{45 


l,litil 


4,(500 


t6,&0ti 


14,959 


" 


(t 


1669' 


* 434,431 


8.50 


U,i31 


2,599 


ij,600 


2^i,5i0 


22,434 


12,025 





u 


T yra- 


r2,604,426 


&9.&0 


77.941 


19,37J 


13,050 


110,364 


98,659 


** 


14 


Aw. 


372,061 


8^ 


11,134 


2JG7 


l,6(i4 


15,7GG 


14,081 


1,719 


«( 


II 

















NEWTON RAILROAD. 
[Sea Bostan Cittf Pm^enger RiiUroad*, poattja.) 



NORFOLK COUNTY RAILROAD. 
[See Boston and New York Central^ and Jlidland Bailroad^.) 



NORWICH AND AV0RCK8TER RAILROAD. 
($S0 SorwiJi and JVorcesUr Mailroad^ VonmcticuL) 



OLD COLONY RAILROAD. 
{Nats a part a/ the Ohi CoJmvf and Fall River Railroad.) 

LlKGTH or Road — Bu^^tun to Plytn'>nt|j.. * ^ . , . . . « 37*26 miles. 

Aljingtnii mid Uridgo water Branch , 7J6 *' 

Lengtii of second track and sidings, 18.2(> miles. 

The Old Cohnit Railroad Cnmpnnt/ wms inuorponiteJ in March, and organized 
on the 25th June, 1844. The wurk of construction was imraediLitely there- 
after commenced, and th<3 whole \\\m between South Boston and Plymouth 
opened on the 10th November, 1845. In 1840 the rond w^as extended to its 
present station in the city. The Abingt^^n Eranch was conatructed in 1846- 
7, and njioned in June of the latter year. In 1848, a seeond track was laid 
bciwcreu Rostoti aDd South l]i aintree. the point of connection with the Fall 
Kiver Road, 11 miles. In 1847 lease.'? wert? taken of the South Shore Hail- 
road, and of the Durches<ter and Milton Branch, That of the former waa 
for a piTiod of five years, duriri;^? which the Old Otdoiiy Company aj^n'eed to 
run fuid maintain the mad, and pay, as rent, per cent, on its cost. The 
let»«4/» tt^tniinated in 1854, rea ultimo in a considerable loss to the Old Colony 
C The Dorcesiter {Oid J^lilton roatl was run by the OM Colony 

C up to the time of tfic cnnaoruhition. In Decombcr^ 1847, a con- 

tract wub made with the Fall River Cnrnpany, whereby the traiiis of tho 
tatter were run over the road of the fornicr into Boston, On the 7th 8ep- 
teiDber, 1854, the Old Colony Company was constilidated with the Fall River 
GomfKiny, imder tlje title id' the Old Colony and Fall River Company, tcJdch 
§e§. The eu*it of the roail of the former at that date was 82,393,544 ; Share 
Oa^U iiloraj^TO; Fmidcd Debt, 8lil23/JOO ; Floating Debt, $70,888. 




J 



142 



MASSACHUSETTS-OLD COLONY AKB FALL RIVER. 





Cost of 

Roiid, etc. 

•1,397,053 

1,63(>,632 

2,09(1.903 

2.292,400 

2,293,634 

2.293,534 

^ 2,293,534 

^ 2,293,534 


Cost 

Mile- 

37.26 

44 28 

45 02 
45 03 
45 02 
4502 
4502 
4502 


\ Eahninos, Exi»ensi 


es, Etc., 

Totnl. 
• 125.711 
171,153 
227,350 
275,066 
296,170 
318.075 
322,213 
374,679 

2,110,617 
263,827 


0[>cr[ittDg 

expenxea. 

•57,230 

74,719 

87,379 

197,516 

195.233 

221,196 

202J40 

233.633 

1,269,446 
158,681 


Etimmgt^ 
les» exp, 
•68.4B1 

96.434 
139,971 

77,550 
100,937 

96,879 
119,673 
141,046 

641,171 

105,146 


r— DIt 
• 

63,000 
7i^,C>06 
91,362 

39,280 


■ 


Tftan 
1S4G' 
1647. 
1848. 
1849. 
1850* 
1851. 
1852. 
1953. 


P«M'«r. Freight, Mutla. 

•101, B57 •20,404 •3,450 
124,776 41,527 4,950 
15€,703 53,757 22,990 
1S4,669 65,632 34,765 
196.432 65.431 34,307 
203,663 63,174 46,218 
2i3,fl'22 67,595 40,790 
261,894 S5;475 '27.510 


p c 
6 

u 
n 

2 


8yni. 


16,531,129 
2,072,649 


35L66 
43.93 


1,442,836 452,995 214,786 
180,354 56,622 26^949 


271,649 
33,956 


29 



OLD COLONY AND PALL RIVEK RAILROAD. 
{Fitmncial ymr enimg 30^A iS'btJ*, 1859.) 



IloAHi> OF DruECTOHs AND Ofpicehs, 1859-(>0, 



C. C. Gilbert. ,.•.,.. Bi}8(on^ Mass. 

William J. Walker •• ** 

Jainea H. Belli '* ^< 



Rlcl3ard Borden Fall Uiotr^ Mass, 

Peter H . Pii-tre MithUdmro^ *' 

F. B. C ro w'li i us h i el (i iio» ton^ " 

ALKXANDfiii nniMt:!*, Prmdftd and SuperintendaU^ ........... .Kingston, Mass. 

Joii N M. WaskburNj Trm^trer. •«.... Ba«tua, '* 

pRiKciPAL Offick. • , BosTON, Sufolk G*., Mai*9. 



LENGTH OF RoAB — Old Colony Railroad, Bo«trin tf> Plvmoutli , , , , 37.2C miles. 

FhU River Railroad. Soutb Braintree to Fall River,.. 42/24 '* 
Bridgewater Branch, Sotitb ALitigtuii to Bridgewater 7.76 " 



Total let^gtli of road owned hy Company 87.2G miles. 

Leafed Line — DorcLe«ter and Milton Branch Railroad • 3.24 *^ 



Total lengtb of road operated . , • 90.50 miled. 

Second track on main roads (Rostoii to South Braintree), 11.50 miles. 
Sidings and other track, excepting main and branch roads, 14,00 mile.^. 



KoLLiwG Stock — Locomotive engines. , 27 

Cars : — Passenger, 4(5 ; baggage^ 15 j merchandise, etc., 343 * • ,404 



Tho Oid Cohnij and Fall Itker Itmlroad Compamj m a consolidutinn of the 
Old Colony Railroad Company and t!^e Fall River Company, authorized on 
the 25th March, 1854, on such tenns as shoald be mutually agreed ujion by 
a majority of the votei? of the stoekhtdders in t!ic two companies. In the 
agreement for co^4*t^!idatio^, the value of the Old Coltmv Railroad was esti- 
mated ut Sl,(>f)0.000, and that t^f the Fall River 81,*i>*0,000. The Share 
Capital of the fonner wm $1,905,100; that of the latter §1,050,000; and it 
'vvas agreed that the Share Capital of tlie new should erjual the aggregate 
of those of the two old compniiies, $3,015,100, to be divided between the 
stoclvholders of eardi, in ratio tf> the e.stimated value of the respective roads. 
The consolidation was tinally effected on the Jst Jwly, 1H54, The Ccmmany 
operates the Dorchester and Milton Branch Railroad under a eontraci, dated 
3d Feb., 1^58, to extend to Ist January, 1801, which provides that It ebull 



MASSACni'SETTS— OLD COLQNV AND FALL RIVER. 



143 



sapply the rolling stock, and receive one-hiilf tlie gross earnings of tlie road, 
and in addition 50 cents per mile for every mile run by its Lruins over it — ^tho 
Dorchester and Milton Couipuny to iiiuiutain its roiid. 

SiiARR Capital— Authorized, e3,300»0lK), in 33,000 81 00 sharea. 
Paid in, - $3,015,100, in 30,151 ^* 

Fltni>k» Debt— 1135,500. 
The Funded Debt of the Compiiiy consists of 6 per cent, coupon bonds 
fiJliog due us followt^ : «'i8,5U0 on the 1st April, 18l30; $;JO,500 on the 1st 
April, 1H61; S30,0LM) on the 1st April lHO-2; $29,500 on the lat April,. 
l&63;"«ind $IB,OUO on the lt«t April, 1^1)4. The interest m payable half- 
yearly on the Lst April atid 1st October, in Boston. 

Co«T OF Road and Eqojpmknt — §3,434,104, ( less charged off for deteriora- 
tion, 871,210) : in detail as follows — 



Gmdufutioo and masouTy'* 

WooUcrn bridge •« - •• ' 

S«|Mr«trucUire, includiD^ Iron*- 
SUftboQA, baildingt mad &jcture4 • 
Land, ljiad-dAintkg«i ftod feoeiMi* 
LoeomcvtivM* 



.$491,340 
^ 99,139 
. 877,045 I 

• 295^65 I 

• a*) 1,051 I 
' 161/269 



PoAJon^or ftnd baggage cart*' 

MGrchu nil Lift can •••• 

EugiiieoriDg 

AgoDolo^ and ol]»r ejcpeoses* 
Cost of Ab'mgt4iii Branch • • * • 



«94.2B1 

78,962 

353,366 

2,7&5 

129,099 



orprajHTiy hdd by the Cm-porailon^ in addition to tht cost qftki road^ etc^ 95G7,32]. 



LvcoMB Account for tuk Year Ending SOth Nov., 1859. 



PMMttger eamuigs 1390,58^5 

Fr^fbt " "' .".. 219,275 

DoidMer and Mllloa traias* * < 4,27 1 

|T.$.M»ilj 10,760 

Ssprctto^*-* • 7,628 

Zxtn b«gg»g« ' • •• ■ 6.802 

lUotj -■•. 6,863 

Zit-pna trnim for Cap« Cod ikod Fair- 

harva Bmach Railroad * • 1,580 

Sorpiuc Crom 1858 *.*■.. 462,145 



mtuniDne •■ • 

) department • '» 

I of Old Colony and F. E BR 

tnoetTable - "»'• 

GMh » 

SwidriM 



••1,088,900 



I) tab u rsiijunls — 
MtiiutenaDoo of way* ...*..-». 

Repatta of amtioiM- • - ♦ 

*' roUitig stock** •• •* • 

Fao! 

Oil ami If Jifftu .*.............. 

Sul&rieit, wages and grabuiLies* 
Tftxoji and influranco' ».-...-.. 

Interoah - - 10,331 

Dividend 6 per cent > ^ 180,906 

Surplm 667,321 



» 8100,6 17 
. 10,3.^7 
- 68,047 
. 47,766 
. 7,663 
. 84.143 
&,35a 



Total* 



Toul*." - 

Gbxekal Lgdokji Balancb Shket, 1st Beo., 1859. 

Coiwlractiou * •3,362,949 

lU««mlf oo haad 112,528 

4.000 
8.971 
262,&96 
70,630 
42,443 
11,664 



.•1,0&S,900 



Total* 



.•3,875J81 



Sfaare capital • *- • 

Bonded debt « • • • • * • « • 

Couponi anpaid- •• » 

BiEts payable ••• .......... 

Surfjlus income^* .,*...,* 

Dividend unpiiid*** •••• 

Divtdewl N«> II, payable 2d Jan., '60 
Contingunt, etc » » • 



Cr. 
Ir3.015,l00 
134,500 
210 
60,900 
667,321 
3,478 
90,453 
3,819 



Total' 



.$3,875,781 



Coit ef 
T^mr lUad, et«. 
l!&lil,3€2,94>) 
3,362,948 
S;i62^48 
13fi2,948 
3,JI»2,948 
• 362,948 



Cost, Ear 

Mile- 



I»7. 



age 
87 26 
87 26 
R7-26 
&7 26 
S7'/6 
87.26 



419,015 
419,9^1 
429,162 
391.733 
354,360 
404,017 



Nixos, Expenses, etc., 

(JroM Eflrninga — -» 

Freiijbl Ma»t]i,etc Ttdul 

217J48 13,493 649,656 

16.743 652,899 

24,003 683,356 

25,094 604,552 

27,850 551,399 

23.463 646J55 



Yearly. 

Operating Net >■ 
expcnjcv. Earnings. 



217,225 
230,191 
187,735 
169,189 
219,275 



490,270 
357762 
378,217 
342,371 
283,765 
340.342 



159.396 
295,137 
305,139 
262,181 
267,644 
306,413 



— Div 
• 

90,453 
190,906 
150,906 
1P0,906 
ia0,90« 
IS0.906 



p.c. 
3 
6 
6 
B 
6 
6 



$ JW9. 70,177 J^8 h2'SB6 2,417,218 1,240,763 130,636 3,788,617 2, 1 92 j 17 1,695.900 994,968 
A««r JL362,mS 97 26 402,869 206,790 21,773 631,436 365,453 265.963 165,823 5i 



144 MASSACHUSETTS—PETERBORO' AXD SHIRLEY. 

PETEEBORO' AND SHIRLEY RAILROAD. 
{Financial year ending 30^A November, 1859.) 



Board of Directors and Officers, 1859-60. 



John Ncsmitb Boston, Mass. 

Lyman Nichols " " 

George Taft " " 

P. A. Worcester " " 



Daniel Adams Boston^ Mass. 

Walter Fessenden " " 

Moses Prichard " " 

L. W.Woods « " 

William J. Walker, President Boston, Mass. 

Principal Office Boston, Suffolk Co,, Mass. 



Length of Road — Groton Junction to New ITampshire State line 14.1 miles. 

Sidings, turnouts, and other track, 0.4 mile. 

Rolling Stock None. 



The Peterhoro' and Shirley Railroad Company was incorporated in 1845. 
The road was opened for public use from Groton to West Townsend in Ja- 
nuary, 1848, and to the State Line during the year 1850. On the Ist De- 
cember, 1847, the road was leased to the Fitchburg Company for 12 years 
(with the option of a further term of 13 years), the latter agreeing to keep 
the road in repair, and pay lor its use six per cent on its cost, and $300 in 
addition annually. On the Lst July, 1852, this agreement was modified and 
thenceafter 7 per cent, was paid. On the 1st January, 1860, the Fitchburg 
Company purchased the road for the sum of $132,666. 

Share Capital — Authorized, $275,000, in 2,750 $100 shares. 
Paid in, - $203,700, in 2,637 " 

Funded Debt $16,100. | Floating Debt . . None. 

Cost of Road, etc. — $265,327. No details given. 

The Company has a claim against the New Hampshire portion of the 
road, consistmg of bonds, notes, and judgments secured by mortgage, the 
nominal value of which is $120,944. 

Cost, Earnings, Expenses, etc., Yeaely. 

Ckwt of Mile- Rent from Operating Net r Dir. ^ 

Years. Road, etc age. Fitchburg Co. expenses. Eaminga. $ p. c 

1848 «208,31l 12.01 Z\2,im $11,798 $1,000 nil nU 

1849 223,537 12.01 13,712 11,798 1,914 " 

1850 272,647 14.10 16,658 13,005 3,653 18,260 12* 

1851 262,115 14.10 16,146 11,689 4,457 nU, nU 

1852 263,540 14 10 17,423 2,150 15,273 «» » 

1853 263,576 14 10 18,750 300 18,450 " " 

1854 264,601 14 10 18,822 3rK) 18,522 " " 

1855 265,268 14.10 18,869 900 17,969 6.250 2» 

1856 265,268 14.10 18,869 300 18569 7 884 3 

1857 265,327 14.10 22,373 406 21,967 nil. nil 

1858 265,327 14.10 22,373 369 22,004 6,692 2» 

1869 265,327 14.10 22,373 674 21,797 niL nU. 

12 years-... $3,084,844 16502 219,166 53,689 166,696 37]976 

Average.... 257,070 13.75 18,264 4,474 13,808 3,164 1| 

* Also 25 per cent, in stock. 



MlSSACmJSETTS-PrTTSFfELD AND SOntU ADAMS. 



1-15 



PITTSFIELD AND XOP.TIl ADAMS RAILROAD, 
(FinancMl t/ear endinff 30/A Noi\^ 1850.) 

BOAUr* OF DlEKCTOUM AND Ut*KJ€ERS, 185^-00, 

RobeH CjinipHelL. PUUfidd, Mnss. I Williflrn !T. Swift Boston^ Muss, 

Cbei^tcr W. Cliapin , . . .Sprin^fM^ *' | Stephen Fairbanks. - " " 

CHE5Ti:ti W, Chajin, Trehidtnt , Sprinjr field, Mass, 

rttixriPAL Orric c .Boston, Snfft}(k Co,^ Mass. 

Lc.SGTAi ov Road — Pitthifield tn Nortii Adunis * 18.65 miles. 

StiiingS) turnouts, ftrid other track, 0,70 mile. 

Roi.LtKG Stock — None, Operated hy tlio \\\»{stern Railrond Compnnj. 

The Piitfifield and North Adanis Riulrmd Cmnpamj was chartered on the 1 Sth 
March » 1845. The construct i on of the road was commenced in the Bamo 

J ear and completed for business on the Iwt Becomber, 1846, On th 30th 
ao,, 184G, the Western RjiihTmd Company took a lease of tlie road, to take 
effect from its opemtjg, fur a fieriod of 80 years, agreeing to })ay therefor, aa 
rent, 6 per cent, on its cost, and at the end of said term to purchaf<e tho roiid 
lit cost, or renew the leae^u for a further term of 90 yearn, paying therefor 5 
per ceot, annually, on its cost. In the payment of rent the cost of the road 
m taken at 8450,000. ^ 

SuARE Capital — Authorized by chart^sr, 8500,000, in 5,000 8100 shares. 
Siibserihed and paii] in, $450,000, in 4,500 '' 

Cost a? Road anb Equipme-st — ^$443,078: in detail as follows — 

^ndimlion iid4 mAsoDry *> *< < 8108,927 | Lrtnd, InDd-dMniagcfl iiuil fcDccMi- •'* 163 J43 

Bryf«* (ir«n), «l,^^4 \ w'wd, 17,244. - J^,r>48 | f.rpco root Ives- - 7,000 



Svperatriicture. including iron 201^395 

SlA^ot, buildings and fixturoi - &9,3I 1 



PfiiiM5Dx:cr and btif;gag« cart> 
Enginoeriog - 



4,247 
2U,606 



PuMDgor eaniingt" • • 
Fwight " 

fUm ftiul other ioaroei' 
D^icit 



Income Account for the Year Ending SOtii Not., 1869; 



.81B,733 
. 26,497 
. 1,575 
> I, BSD 
. 1,873 



Tout- 



.$50,228 Totiil 



Ma mteticvnccr of wny 

HcpHiirB ©f rolling atock • • 

■' flUtion*"^. - »* 

Fuel 

Oil iind waat« ■ • ....<. 

Sihluriei. wa^t);), etc** ♦.*•*..♦♦ .. 
Rent fMid to P. aod N. A. RR. Co- 



< SS,149 

' 3,117 

* 294 

. 3,375 

- 9S5 

. 7,3'i9 
27,000 

.«50,223 



1647" 

I Me*' 

isao- 
idsi ' 

1952- 

16S4* 
I8S6*. 

1§67** 
I8S8 * 



Ci]«tof 
Rojbd, etc. 

•446,353 
447J55 
446,643 
443,677 
443,677 
44i,677 
44;i,b77 
441,677 
443,677 
443,677 
443,677 
443,677 
443,(»77 



CosT^ Earn 3 

Mile- . 

age. Pnas'er. 

1865 $15,763 

1^.65 14,658 



13 7» 15,777,421 

Aver.« 4I4J17 



18 65 
IS 65 

19 65 
1S65 
1965 
13 63 
18 65 
1885 
1865 
l8/i5 
1B65 

242.45 
1865 



15,712 
16,643 
17 li2 
17,632 
21,231 
22,495 
22,439 
22,384 
20,571 
17,417 
19,733 



242,710 298,241 
18 670 22,941 



nqs^ Expenses^ Etc. 

-Gmw Earnings. — ^--- ^ 

Froijfht. Mtiil*. Total . 
•10,006 »206 925,975 

13,392 

15.466 

15,871 

iyHH2 

21,963 
25,202 
27,600 
30,503 
34,535 
30,791 
27,043 
26,497 



Yearly. 

Opemiing £>initogfi, 
cxpensei. leu oip. 



279 


28,319 


180 


31,358 


91 


32,605 


9O0 


37,514 


900 


40,395 


900 


47,333 


900 


50,895 


1,900 


54,842 


1,900 


56,819 


2,191 


53,643 


2,675 


47,036 


3,125 


48,355 


6,037 


556,988 


1,233 


42,844 


iJ 





$17,799 
10,851 
11,524 
13,456 
16,012 
18,t^7 
21,124 
25,376 
29,230 
29,656 
28,461 
24,129 
23,227 

268,932 
20,687 



$8,176 
17.469 
19.834 
19,149 
21.502 
22,309 
26,209 
25,519 
25,612 
29,163 
25,0H2 
22,906 
26,128 

289,066 
22,157 



, — Dlv — . 

$ p c. 

27,000 6 

27,000 6 

27,000 6 

27,000 6 

27, UW 6 

2i,0(j^) 6 

27.000 6 

27,000 6 

27,000 6 

27,000 6 

27,000 6 

27.0W 6 

27,000 6 



351,000 
27,000 



lie 



MASSACnCSETTS-PBOVIDEI^CE AXB W0RCE5TEH. 



PROVIDENCEp WARREN AND BRISTOL RAILROAD. 

This road is partly in \[{isj^aclujsette, but mainly in Rhode Island, The 
Massticluisetts Compuny wha churterej under tlitJ title o( '* Providence and 
Bristol '• in 1851, itnd Wiia c«jni5iilidated witli the Rhode Lsliind Company in 
1853, The Consolidated Company was organized on the 9th July, 1853,—^ 
^Se« Pr&vidance^ U^arrm and Bristol Railroad^ Rlmda Island.) 



PROVIDENCE AND WORCESTER RAILROAD* 
{^Financial year miitig BO^A NQmniher^ 18590 



BoARi} OF Directors anu Officers, 1859-60* 



n. N. Skter .Provultnce, RJ. 

EarlR MasoB.... " " 

James Y, Smith ..•., *^ '" 

Aluxander DeWitt,* ** .. *,Ojfordy Mass, 

Paul Wbi tin Wh Uhim^UU, " 

HarTov Cbasc ......... . Providence^ RJ. 

Danief \V. Vauprban . . . . • " " 

Thotnafi R Sbepard « " 

\\\ M. Bickford WarctsUr, Mass. 



Henry Goiilding Worcester^ Mali. 

Tsaac Davis . ....•.,..•. " ** 

E. Harris.. .,.•-. WooMOcket^ RJ. 

J, H» Soutbwick Prtmdefictf ** 

Ed wanj Pearca « « 

iMitj Greene . . * " ** 

Benj. E. BatM. , Bmton^ Mass. 

Philo. Sandford " *' 

John Smith * Worctiter^ ** 



Horatio N, Slatkr, Prestdatt ., .Providence, R.L 

Jon s R. Balch, Treasurer ....*••...»•....•...,. ^^ ** 

S. H. Tabor « ** 

Principal Office. Providence, Providence Co., Mass. 

Length of Road — ^Providencej HJ., to Worcester, Muss . • - , , 43,41 miles, 

Second track, 6,41 railed, and sidings, etc., 8,50 miles. 



BoLXiNC} Stock — Locomotive engines • 12 

Cars : — Passenger, 14; baggage, 4; merchandise, 260, and gravel, 120 398 



The Proridmee and Woreest^ Railroad Company/ is a consolidation of two 
• companies of the ssuiie name chartered in 1844, by the Legislatnres of Mas- 
iacluLsetts and Rhode It^land^ and authorized to construct a line between 
Providence and AVoreester^ and to consolidate themselves into one corpora- 
tion, wliich \\m effected on the '25th November, 1845. The Ccnnpany was 
also authorized to pm^chase the Bkickstone Can id between Pro\iilence and 
Worcester, and the road is located on the bank of that work as fiir as prac- 
ticid»le. The construction of the road was commenced in 184f»j ana the 
southern portion of the line opened forbusinesji on the liTth September, and 
the northern portion on the 20th October, 1847* The line for a tout 4 J miloi* 
out of Providence is common to thia and the Boston and Providence Rail- 
road, The two eonnpanies own one-half each of the passenger station at 
Prnvidenco. 

Bhare Capital— Authorized, Sl/)50/I00, in 15,500 «100 shares. 
Paid in, - §1,510,200, on " ** 



MASJ^AClirSElTS-SOMERVrLLK. 



147 



PrNDED DicnT — $300,000: in detail as follows — 

W Mort^n^r, 6 p^ cent., coupon hfidn , __^ ?300,000 

— dated 4ih August, 18r>0, and puvuble 4th August^ 1860; intercut pnyalile 
ciuarterly on the 4th August, 4lli ISTovember, 4th February, and 4lh Miiy, at 
the Company's office. 

Cost op RoAb and Equipment — 81 J*>l,54:i: in detail as follows — 

ictton (nai.deta)1«4) * ♦ -* .Sl,50fi,977 I Piusengor^ tnereliajiduw and otlior can '$148,993 

iCivo eQ^e» * 105,643 , 



McrvbADdife-' '* * * 



I^coHis Account fou the Ykau Exiuno 30to Nov.^ 1859. 



* •139,237 
. 194.Qi3 

• 6,666 



DM- 



•f 34 1,636 



Mamten*Dc« of wajf 

Repairs of loetitttotives and engin«s 

*' can • * ' 

Fuel, imd oil und wniite * • - 

Ex{»«t]»c(f of fToigbt dcpartEQ«nl' • • 

*' pMid5«ri;;rt>r *' 

Hiw«lUneo(u cxptstuiejt 



*$mM3 

^ 20,593 

• 18,911 
. 2*2.629 
. 27,798 
. 20,J»y2 

• 26.163 

Interost 1 7,S% 

Diviacnd .**. » * 97,000 

Hiilunce >< 21,492 



Total 



^1341,836 



General Leihser Balance Sheet, 30th Nov., 1859. 



Oooflnctioti •],506,g7e 

IrfOoetBolIv* eDgio«s 105,642 

C»i»*.-- ..-.» 148,923 

Shmrt» in Pror. k Worcester KR. Co « 39,800 

ll«teri«li for workiog lta« rood 37,35& 

OmIi uad cmtti iltitui" ** •** &6,276 

Total -..* »1,896,9T7 



CapitAl slook ^.» ..gl.SSO.DOO 

iknwl» 3OO,r«>0 

]>ivi(knd payable Jitn. I, I860 46,500 

liividuud uot €mlIod for* • • • • . . . 477 



Total* 



•tl,B96,gT7 



Yf«r 

18IT* 
J94a* 
I843»- 
1860* 
185!* 

I- 
1- 

US'. 

I«^7^ 
1S59< 



Coiiof 
&o«4, etc, 
•IJ5KJ55 

l,S73.^95 

1.939,666 

1,824,7116 

r=*20.<J64 

198 

'99 

;J2 

I .»if« 

i,:-:,047 

i,Tro,245 

i.re9.476 

l,7ei,&43 



Mile- 

4341 

4^41 

43 41 

4341 

43 4I| 

4341 

4341 

43 41 

43 41 

4341 

4341 

4341 

4141 



Cost, Earnings, Expenses, etc., 

-Qtom Earninjtg — > 

Freiifbt Mjdl«,etc TgtiU 



PaM'or. 
2l,l2« 
117,386 
n9,220 
I14,&a2 
117,043 
ri9,044 
147,388 
156,776 
141,694 
141,294 
133,i?96 
n4.2?9 
139,237 



9,273 

73,917 

93,921 

93,399 

82,123 

118,565 

139,2^ 

1K5,103 

163.490 

194,965 

173,127 

148.616 

194,033 



1,632 
2,n41 
6,112 

4,eoo 

3,723 
6,0B1 
4,743 
5,737 
6,245 
9.514 
4,7fiO 
7,49a 
3,566 



32,033 
193,344 
217,253 
202,751 
202.SS9 
253,690 
291,417 
316,616 
311,429 
344,7n 
311,802 
270,402 
341,S.i6 



Yearly. 

9,84 1 

83,890 

101,231 

95, 1 BO 

86.958 

114,175 

170,625 

229,773^ 

hi9.902 

159,729 

169,773 

160,058 

204,750 



Nfifc ^ 
Bmningv. 
22,192 
l(>9,954 
116,022 
107,571 
115.931 
139,516 
120,892 



i p€^ 



nU. 

43,725 
m'L 

67,450 
91,225 
86,843 108,500 
111,527 nU, 
155.044 lD8t&00 
142,029 124,000 
110/344 93,000 
! 37,086 93,000 



13 /•• 23,706,012 564.33 1,590.945 1,629,818 69,972 3,290,735 1,815,785 1,474,950 749,400 
Aw^ 1,746,616 4341 122,380 125,371 5.382 253,133 139,676 113,457 67,646 



3t 
nil, 

B 
« 

7 

nil 
7 
8 
6 
6 



31 



SOMEUVITJ.E HAILROAI), 
(^ Boiton Cittf Pastmigtr liailraadjt, postea.) 



h 

^^B * InUir^^ mt »«»«iiiD«nl 4if chBre enpital pnld op to 20th Odober, 1847, imonnlmg lo 16 per 

H I tiwi**'! [itild for tHiMiHii>ti c.t|;i«nM^i«, rcifiultiniv^ I ruin iIh' artciilmt frhich occurred in 

H A«ig«i^ ^ ' • liuU 13 pcirvuti^ wtiro killed ojid man/ dAngvruualj wuitudod. 



U8 



MASSACHUSeAs-^ALEM and LOWELL. 



SALEM AND LOWELL EAILEOAD. 
(Financwl year ending 20 fh Nove/nhffTj 1859.) 

BOA&D OF DlIlECTOnS AND OFFICERS, 1859-CO. 



WiUiatn E. Livingston LaweU^ Mass. 

J. W. PeeJo.. Sb/m, » 

N. B. Perkins,.*. i.... « « 



Sidno}' Spalding, LotctU^ Mass. 

Josijab T?. French ,. '^ " 

Cali!l> Livingston 7'ewktshurjfj " 

Oji ARLR-s F, Flint, PreMeut , North Rending, Mass. 

F, H. NounsK, Treamtrer and Seeretart/ LowelJ, *• 

J. B. Wjnslo\t, Saptj'irUiiideiU , *.,*.., -•,... Boston, '^ 



L£NGTii OF Road — Tewltftsburj to Smith Dan vers.. - -•.. 1G.88 mucft. 

Sidiugs, tiiraMijL>^, and other tracks, 1,73 mile. 

Rolling Stock — Locomotive engine:^ .*.••• 3 

Can : — Passenger^ 3 ; ba^jgiif^ej 1 1 nierchandisej 197. ..-...,....*... .* .201 

The Saietn etnd Lowell Jhtlroad CQtnpany was chartered oo the 1 3th Mnrch, 
1848, and aiithnrized to constrat't a rnsid from Sidem to Lowell^ and use 
parts of tlie Essex und the Lowell and Ltuvrence Kuilroads. The construc- 
tion of the roud was cainineneed in August, 1849, and completed in August, 
18'^0, On the loth Jutie, 1850, a coutniet was made with the Lowell and 
Lawrence Coiui>:ioy to opera tt; the road with that part of their own between 
Lowell and Tewkesbury, dividing the earnings and expenses in pr€»f>ortion 
to the mileage run by trains on each. This arrangement continued until the 
1st October, 1H;JH, nt which *.iate both roads were leastMj for 20 years to the 
BoBtou and Lnwell Oomjiany — the Salem and Lowell Railroad at an annual 
rent of $17,500, payable lailf yearly, 1st February and Int August. 

SuAtiis Caihtai.— Authorized, 840(J,0<JO, in 4,000 $100 shares. 
Paid in, - $243,305, in 2,433 « 

FuNDKD Bkiit — 8226,900: described i\s follows — 
Mortffd^e^ 6 per cent.^ eouptni honds ^^- .^226,900 

— issued 15th February, 1856, and payable, principal 15th February, 1878, 
and coupons semi annually, 15th Fob* and 15th Aug., at Salem or Lowell. 



Cost of Roai> and Eqcipment — 8440,530: in detail, as follows — 



Graduution iith] moBunrj ?94»8'12 

Wootlon bridgos '••• 3J39 

Superstmcturo, including iron** 123,801 

iiUtiuni, buildings und iixlur«a' • • » •• • 8,39 

Luiiid^ Ijind-drtinagcs and fcncci" •• •• 4S,OtJ7 

LoootDOiivo eDgines *•- 2l,D49 



PasMngur H&d biigg<ig« enn . . • . > 

Mcrehnndiee and gr&vel curs 

Engineering • 

Agondtt* and other expentos 

Dijitjaunt aoi bonds and miscclbneoua >• 



r,42l 

63,174 

6,928 

6.111 

75,739 



Receipts — 
Rent of road' *•• •• 
Surpliu frum 1658< 



Income Account foh thk Ykar RNtitNO SOth Nov., 1859, 



Totftl. 



.«17,500 
. 1,596 

• •19,096 



Dkburaements- 

Diiidend, 6 prr c«nt • ■ 

8k£rpluis lal December, 1359. 

TotftI 



-»U393 
• 4,600 

*tL9,093 



GBNKRiir. Ledger Balance Sheet, Ut Dec., 1859. 

Dr. 
Cost of road- » iJlie^^ST Share trnpital- 

*' rolUngatock *• • 82,543 Funded dvbt. 

Afiaets •#...».•♦ 8,034 Floating dobt- 

Profit wid loss ** 12,95T 



Total. 



.•470,521 



Cr 

* $243,305 
. 2Z6,9CK) 

3ie 



TotAl. 



^•47tl,52] 



UASSACHl'SETTS— SOUTU READINO DRA\'CH. 



140 



F 




Cost 


Earnings, Expenses, Etc., 


Yearly 










Cottof 
Road, etc. 


Mill), 
ngc. 




-GroM E 






cxp^iiscfi.t leas ox p. 


• 




Trt. 


Paia'er 


MmU. 


Totiil. 


P.O. 


1850- 


titf),94:} 


1C.89 


»5,587 


99/J18 


f.... 


$15,505 


dn,304 


94,201 


nU. 


nU, 


1851- 


343,220 


1663* 


MJ33 


22,5<ri 




36,640 


27,638 


9,102 


'* 


it 


18S2.. 


362,672 


1699 


20,641} 


33,054 




53,694 


47,248 


6,446 


K 


u 


1SS3.. 


362,85'2 


I6.B9 


30,722 


24,939 




55,681 


46,995 


9,686 


(1 


it 


1SH-* 


373,879 


1689 


36,302 


31.0SI 


69 


67,452 


67,166 


10/286 


" 


It 


18^ * 


374,065 


16.B3 


27,283 


39,0-23 


677 


66,893 


59.787 


7,096 


{( 


II 


iBse.. 


449,806 


16 83 


19,773 


41,S58 


1,298 


62,929 


Bi,070 


9,869 


U 


u 


1867.. 


449,&30 


1688 


17,565 


47,403 


1,279 


66,247 


51,423 


H,S24 


*« 


l( 


1SB8.. 


449,530 


1688 


10,477 


32,650 


7,729i 


50,856^ 


38,833 


12,023 


" 


it 


1BS9.- 


449,530 
f3,933,026 


1688 


*'" 


*♦"• 




• •' 


.... 


1120,417 
103,940 


14,598 
14,598 


6 


10jT». 


163,80 












Am- 


393,302 


16.88 


' ** ■ 




'"• 


' *" 


* ** ' 


10,394 


1.459 


06 



SOUTH READING BRANCH RAILROAD. 
[Financial ymr ending 3\)th Novftmheff 1859.) 

Board of Directors ano OFFurERs, 1859-60. 



John C, Lee , . , . Stiltm^ Mass. 

Mica jah Lunt Ntrttbmyport^ *' 

Frmjiklin Haven.. Bostmi^ " 



Henry H. Ijidd Portsmoiteh^ N. II. 

Nat ban 1>. Cliime. *....«... ,Li/nn^ '* 
Sttiuuel Hooper. Bttbtou^ ** 



Gkohgk M. Browne, Prmd^il .Salem, Mass, 

Joii N B. Pa RK£R, Trea-fnirer ^ BoHton, '* 

JtiRRM uit pRE^coTT; SiiptniUetukuL ,....,.....«• ^* " 

PatKCiPAL Office Boston, ( Phenix Building^,) Saffdk Cb., Massi. 

Lk?iGTH OF Road — ^Salem tu South HeJiding 8.15 tailos. 

The Smith Rending Branch Etntroad CofApany waa chartered on the 26th 
April, 1848, and the r*md com I jk'ted im the 1st September, 1850. On the 
1st July, 1851, the Eastern Hailroad Company purehased its Share Capitji], 
and ulsio its rulling stock, and since the 1st October of the same year \\im 
operated the road. Tliough owned by the Eastern Company a separate or- 
ganuation ii* maintained, arnl separate reports made aiiimally to t!ie Legisla- 
ture. — (S^Mtstcm liaifroad) 



Share Capital— Authorized, $40U,0U0 ; Paid in, 8209,533, 
Co?T OF Road and Eqcipmknt — 1^299,468 : in detail ns follows 



-n<l tnawnry, etc f 104,522 

L-, iMeluiI'm^ iftju 61,539 

.LJingi ami fijiturea ....... 9,303 



Lnfiti, Innd-dniaHguimnd fenocks* 

Eaj^ineoTiDg ' 

AgcDcies and other e)tpeii»ea< ••- 



G 

Income Account for tub Yeah Ending 30x11 Nov., 1859. 

Miteif^*^-- I Pi^bitrgcmentM — 

PaMaif«r «arainga*« • • >• 115,263 Mi%iiit<»n»tice of w^jr, eta>- • 

Trt^ghl " ,.,..,..,,,. 3,944 j EepAim of sUitioflw, «to •••- 

Muc«iliii«oaa '^ .,....,,.... g29 '' rollingikick •***• 

! Wood and coal ->.■*■..*......•,». 



•50,608 
. 7.405 



Jjm paid by E«4t«ni Compojiy- 



$19,7:^ 

. 2,691 



Total* 



» $22,427 



KiHit i)i EiMiex lUtilruttd* 
Office eipentoi ■ • < 

T^tal- • 



'#2,743 
^ 1,397 

* 3,874 

* 5,039 
. 6,143 

* 3.200 



"•22,427 



I mcmtbi' operatintu. i IncTuding anninif Tent, vii , to Eosex Riiilrond Comfmnj #4,800 
9fbl i*» l^.wiai and La wreuce Hail rood Company #4,000 ^ jind n\»n \U |im|mrlirtti iu tnninUiiaing Emoz 
ft vt'^eu $<iul)i r>nnv«rs unJ Sailcru- J lnclinlisng #6,152 riH'fivml fur wood imd lnutoiiiil 

#iM u Aod Lowell Gun pn II)?, 4 Tt'ti tuotjlhw* otwrntums l/> 30lh Sf'jjlouiber, 1859. j] Fuar- 

l»eu mmxUi^' reot, tntu 1st October, Jb56, to 30tL November, 1659, brluaivc. 



J 



150 MASSACHUSETTS-SOUTH SHORB. 

Cost, Earnings, Expenses, etc.. Yearly. 

Coitof Mile-/ Grow Earninfp —^ Operating Net # Div. * 

Year. Road, eio. ai^. Pass'er. Freight. Mails, etc Total, expensef. Bamings. $ p.o. 

1851.. 9293,759 8.15 t29,939 19,689 93,707 942,235 929,822 912,413 10,000 5 

1852.. 236,226 8.15 34,681 16,494 7,073 68,248 43,329 14,919 nU. nU. 

1853.. 236,226 8.15 16,126 5,950 575 21,651 22,441 (Loes 1,790) *' ** 

~" ' ^ '- -t,999) « " 



1854.. 293,683 8.15 13,023 4,756 1,069 18,848 22,847 (Lo«3, 

1855.. 293,683 815 9,672 3,533 355 13,5b0 22,355 (Lo« 8,795) 

1956.. 299,920 815 23,525 2,174 2,987 28,686 22,511 6,175 

1857.. 299,920 8.15 17,245 1,988 226 19,459 20,569 (Loss 1,110) 



1359.. 299,210 915 16,303 2.539 499 19,330 20,512 (Lo« 1,182) " 

1959.. 299,628 8.15 15,263 3,944 5*29 19,737 22,427 (Loas 2,691) " 

9 yrs. .92,550,255 73.35 173,677 51,067 17,009 241,753 226,813 14,940 10,000 

Aver.. 283,361 8.15 19,297 5,674 1,989 26,961 25,201 1,660 1,111 



SOUTH SHORE RAILROAD. 
(Fiivancial year ending 30M November^ 1859.) 

Board of Directors and Officers, 1859-60. 



Joseph Loud WeymotUk^ Mass. 

Laban Souther. Cohasset^ ^ 

William Sohier « " 



Charles Humphrey Boston, Mass. 

John W. Loud Weymouth, " 

Elliott L. White " " 

William Humphrey, President Boston, \ 

Oilman Davis, TVeo^wr^r " " 

Laban Souther, Superintendent Cohasset, " 

Principal Office Cohasset, Norfolk Co,, Mass. 

Length of Road — Braintree to Cohasset 11.50 miles. 

Sidings and turnouts, etc , 0.40 miles. 

Rolling Stock — Locomotive engines 2 

Cars : — Passenger, 7 ; baggage, 2 ; merchandise, 8, and gravel, 7 24 

The SotUh Shore Railroad Company was chartered on the 26tb March, 1846. 
The construction of its road was commenced in November, 1847, and com- 
pleted on the 1st January, 1849. On the 20th Sept., 1847, a contract was 
made between this Company and the Old Colony Railroad Company, where- 
by the latter agreed to run and maintain the South Shore Eailroad for a 
period of five years from the date of its completion, and pay as rent there- 
for six i>er cent, on its cost. Since the expiration of this contract the Com- 
pany has operated its own road. While the road was run by the Old Colony 
Company no statement was made of its earnings or current expenses. 

SuARB Capital— Authorized, $600,000, in 12,000 $50 shares. 
Paid in, - 259,685, on 10,000 " 

FuxDED Debt — $145,770* in detail as follows — 

IH Mortgage, 7 per cent., coupon bonds — $111,800 

—dated Ist April, 1850, and payable 1st April, 1860; interest payable the 
Iflt April and Ist Oct, at the Globe Bank, Boston. The total issue of this 
IB wa8 $150,000, of which $38,700 have been paid. 

im^, 6 per cent, hands $34,470 

■*8t Jan., 1855, and payable Ist Jan., 1865; interest payable 1st 
it July, at the oflBce of the Company. Interest on both classes 
frularly paid. 



MASSACUUSETTS— STOCKBEIDGE AKB PITTSFIELD. 



lol 



Cost of Road and Equipment — ^501,593 : id dtjtail as fuUowa 

Oraduttlod nnJ mnaoarj** * •tl25,^S2 T^'MmiitireH** ..»,«.*.».**.«• 

Woodeo bridj^L'i- • • » I3,44B i^nmnin^er and b&ggftge car»- 

Siipervtraeture, lo eluding iron ► *» 82,06^ 

SiatiuEic, buititings nni fixtures) * 21)^530 

LtUid lujd land-diiuii^geH and reDc«4> • • < 10],!^T8 



Kngmeeria^ ...».,.,... 

Aguncitfs and utber cxpetm«ii« 



* 17,026 

^ 6,7^9 

« 13,403 

. D6,363 



Am€U or propertjf held bt^ ihs Corporation^ in addition to the cotti qfiht road, tlc.^ f 1 1,519. 

Incomr Account for the Yea» Endino 31st OctobeRj 1858. 



SurpIoA from lost jutiT* 
Vfuwnf^r oarniugS' * >> 
Freight •" ••». 
MaU len'ke, eto 



.«3B,072 
. 55.1?1 
. 2.242 
* 1,421 



Toyj. 



«96,856 



Dish ttrscfne nta-^ 

Roadwiiy *• •• $4,762 

Motive |Kiwcr and curs ■ ■ ■ • * ,«.... 1 ,4iJ9 

Fud, materiatf Bjilarics & mifleeUnoenud 37J?2 

loterost 9,310 

*Bttlftiic« -.- 44,224 



TotftU. , 596.856 



Dr. 



Gknehal Leiiokh Balance Sheet, 1st Dec, 1859. 

Cr, 

S^haro capital » • • - 1269,665 

Funded debt-"-." 163/290 

Flofttiagdobt 2,621 

Prufit and losa-- 141,541 



Ctoitof roiid - *t462J6T 

" equipment 39,426 

Other tueeu* - - 11,519 

Fint uiortgnge bondj (CumpiLnj'e) 
Sorplufl income" 



29,300 
14,925 



Tti«ftl< 



t557,:y7 



Total $557,337 



Yaw. 
1B49- 
1850*^ 
1851. • 
1B62*. 
lSg3- 
18S4.' 
lS64-< 
1855 • 
1856*. 
1S67-. 

lase-- 

ldS9.. 



of lU>ttd. 
t373,bl6 
420,4i4 
427.639 
428,831 
435,163 

432,295 
600,569 
600,904 
601,303 
501,593 
601,593 



Cost, Earnings, Expensed, Etc., 

Mile- * Strews Enroings > 

Hge- PiiaB'gers. Freigbt. Muilft, oto- Tid^L 



10* jni* 5,073,890 
Am." 461,263 



11501 
1150 
11 50 
n.50 
11.50 

iVso' 

1160 
U-50 
U50 
IL60 
11.60 

126.50 
11,50 



|>e ntt ed by 1 d Colon y f f 1 6 , 8 M 
Company from bt April, J 25,224 
IB49, to 3Ut MarcliJ ^23,507 
1854, which puid in roiit^ 25,728 
6 |>er eonl. on coMt of 
road. 



1140,759 
61,698 
63,342 
58,127 
51,961 
65J21 



2,161 
2,320 
6,723 
5,736 
4,345 
2,241 



298 
l.(r92 

1,482 
1,536 
l,48r 
1,421 



26,106 
f8,702 
43,218 
65.310 
71,547 
65,3&9 
67,787 
68,784 

488,126 
46,483 



Yearly 

Ofifrarmg Not 

KxpcoBoa. EoimiDgs. 

$"" $16,814 

"" 25.224 

.." 23,607 

.." 26,728 

-. 26,106 

8,702 

i6,320 

i6,386 

21. [38 

16,784 

16,512 

16,463 



$ p.c 



nil 

7.600 

7,500 



3 
3 



27,89B 
48,924 
60,409 
43,615 
41,275 
43,321 



nU^ nil. 



227,684 15,000 
21,634 1,428 



01 



STOCKBKIDGE AND PITTSFIFLD KATLROAB. 
(limtftcial j/ear endrnj MUh y^ommhery 1^59.) 

Thoma» IluiujJi'T, FresidfiU South Lee, Mass. 

Principal Offki:...,. .. • .,..•,... IBBiDGicrciRT, Ct. 

LENGTH or Road— Great BarriiiKton tu Pittafield ,,..,..,.. 21.1^ miles. 

The St4>thhrfd(f« and PUhfiefd Railrmd Compam/ waa chartered In 1 847. Tho 
cofiet ruction of its i"oa<1 waa commenced in 1848, and tht.^ whole hn*.* opened 
for pubhti use on tho l«t January, 1850, and oporatod by tho Honsiitmiic 

• Indudcii $29,300 ht Mi>rtgiiK<s ll'*n<i*, punhiiimti nnd p:ud for. t R«jnt ft»r 9 month;!, from Int 
April In 30th Uer^'mlxsr, IB49. \ Etvnt for 11 moulhif, from l«t Jiuiujiry to 30lh Novciubor, IBol. 
jf k«nt for 4 inoiith^i, fn^iu Int Ik<vofni'>t.ir, 1853, to Slst Mnnih, Id54» || Income iiceount for 6 months* 
ititm lit April Ut 30Lh NuvcmbiT, 1S54. 



152 



MASSACHUSETTS— STONY BKOOK 



Company. On the 25th of the f^nnie ni<:mth a contract was entered into bo- 
twet-n tliu two cnnipanius, wheraby tho Housu tonic Company took a perpe- 
tu:il leuse of the road^ afj^reeiiig to equip, main tain and run the same, and 
pay nnuually, ua rent, the mini of §31^409, which is 7 per cent, on it^ cost, 
rho rent hiii?i been reo^uhirly paid. The earninjips and expenses of the road 
are embraced in those of the Housutooi(5 Company^ {which see.) 

Share GAriTAL— Aiithorized by clinrter, $550,000, in 5,500 $100 eharea. 
Subscribed and paid in, 8 1 18 JOO, in 4 487 " 

Funded or FLOATiNn Debt — None, 



Cost of Road aj^d Equipment — ^$448,700: in dotail, as follows — 



Graduation awl masonry'* ' •* *154,2ft3 

Wttodun hfiilgm- • • 8,489 

Sup^rfitruuttiro, lueludizij; iron- • • 163,4 1 2 

SUtioEiB, buildinp nni] fi.tnircs • • 30^00 

A/utU or properhj held by Company in addiliQn to nmd, e/c., (23 shares Co^'a ^tock), $2,300. 



Land, laDd-damages ond foncea- 
Pivssenger and baggage <3arB>* • • 

EnginDurinj^ 

Agencies &nd otbor €xpenBC«*> • 



.t70,ooa 

• 4,100 

* 6,000 
. 9,736 



STONY BEOOK RAILROAD. 
{Ftmmkl 1/ear ending Wih NbiyemheTy 1859*) 

BoAan OF Directohs and Officers, 1859-00. 



Jalm W ripht . . . . , • *LowcUy Mass. 

SewallG. Mack <* 

J. W, P. Ahhott. " " 



B. F. Clarke Lav>eU, Mass. 

Wm. A. Barke " « 

Tappan Wentworth " « 



Tappan Wextwohth, Pnitident Lowellp Mass. 

J. B. WiNStow, Sttjjerintendtnt*, . * , ,Buston, " 

Length of Koau — Chelm^f^.»rd t^j Groton Junction .•••• .13.10 miles. 



The SfoHf/ Brook Raihoml Compani/ was chartered in 1845* The construc- 
tion of its road was cotnint'nced in 1847, and completed on the 1st July, 
1848. On the :JOlh Mar<'li, 1848, the road was leased to the Nashua and 
Lowell Railroad (.'nrupauy for u period of 12 years from the date of its 
tipeuiug, at tin annual rentul of six per cent, on lU cost; the lessee to run 
arid maintain the same, iinc! to have the ri^ht to renew the lease on similar 
terms for fmlher peritnJ of 13 years, on giving twelve months' notice in 
wrirmg of such intention, wliich has been given, and the lease extended to 
1st July, 1873, Tlie avernge cost of the road since the date of the lease has 
been ubont $2(>6,000, and the tiverage rerat paid, alxiut SI 0,000. The road has 
been run by the Nashua and Lowell Railroad Company at a small loss. 

Share Capital — Authorized, $300,000, in $100 shares. 

Paid ill, - $*jr;7;joo. 

. Funded or Floating DiinT^None. 



JtecHpU — 
PusA^nger eaniings- 
Freight *• 

i:. S. May " 
Exprc^!) " 



Income Account fob the Yeah endiso 3Qtu Nov., 1859. 



t2K699 

25,34Q 

9U0 

720 

70 

Boatoa and Lowall RE. Cq., por eoQtrnct 4,292 

Total • «5J,030 



Mtiintcniinru uf w«y*» ..-•*...•* f7,593 

Repaint of roUiDgBtook ••■ «•.• 8.203 

¥ no I — Cort 1 \ 2 14 1 m, and wood 1,101 eordi 5,786 

MiJ'L'ctliaI3Ci^u» and Milariei 15,104 

UividuDri, 6 por cfvnL • • • 16,038 

Suplus nut divided ♦.... ..,..,.., 306 



Tot«l> 



#53,030 



MASSACHUSETTS— STOCOUTON BRANCH. 



153 



Cost of Road and Equipment — ^$207,383 

Gra4|iiati4n aod mMonry •• •».••*.**.« 886,499 
^up<>rftrueturc, intiluJinj? iron«»«<**» 116,197 
Sutiaoj^ buildings and Jixiuroi>* •• < •• 11,427 



1350. 
I6&I. 
1963* 

1364. 
18B8< 



Cwrtof 
BoA'J« eto. 
t2ti2,&5ti 
265,525 
26&.762 
265,813 
266,184 
266,2^d 
266,782 
267,321 
267,364 
2ti7;jS3 
267 J83 



Cost, EarningSi Expenses, Etc., 



Mile- 
age, 

13.16 
13 J 6 
1316 
13J6 
13.16 
13L6 
1316 
13.16 
13.16 
13.f6 
13.16 






22,978 
22,585 
22,922 
39,647 
17.282 
21,700 



-Oruu Eiktainga- 
Flight, Miiflj. 



in detail as follows — 

LOitid, Ittfid-dnmii.g^)!! and fenoofl $25,655 

Efiginoonng <' * •• 8,250 

Agendea und other expeti^ea- ♦• * * 17,321 

Ykahly. 

Oi>or»ting Earninga, ^— Dir.^ 



17!964 
18,782 
2U,517 
40,370 
26,533 
25,349 



1,207 
904 

2,yS4 
1,702 
5,981 



ToUl. 



42.049 
42,271 
44.399 
83,001 
44,517 
53,030 



«XpOD»Of. ICJS OXp. 

il3,04] 
16,189 
16.236 
16,239 
16.314 
16,722 
15,812 
10,916 
24,481 
10,340 
16,343 



25,327 
2(i,469 
33,483 
58,520 
34,177 
36,687 



8 

12.741 
15.889 
16,014 
16,014 
16,014 
16,014 
16,026 
16,039 
16,038 
16,038 
16,039 



P 
6 
6 
6 
6 
6 
6 
6 
6 
6 
6 
6 



Il3rrt.r2,928,642 145 J6 172,733 172,664 

A?«r- 266,231 13.16 ..»• 15,703 15.715 6 

KoTB''— The eamiDgfl for 1857 etnhrace a pHsiiod of 20 moniha. PrisviouH to 1354, tho groas 
(••mlngi uid oxpesa«B sre Dot given in the K«port« of the Compnnj, only tho n4t earn'tng?. The 
dirideoda exceed «ltghtt; Ihe Qui caroinga. To the loea should ho added $30U, paid mtiBUitlly 
low&rj the tuaiotenance of th« orgaoUatioii of the Stony Brook R&tLroad Company} la udditioa 
to tbo reni of the rood. 



STOUGHTON BRANCH RAILROAD. 
(Financial i/ear endijuf ZiUh Koi\^ 1859.) 

Board of Diulctous and OFFicERa, 1859-60. 

F, W. Uncoln - . ^ ^Stow^hton^ Mass, j Martin \\ ales *m mSfOfft^hion^ Ma.sa. 

N&thjiniel Morion " *^ | Oaken Ames. .Easton^ '< 

F. W. hiKCQhHf President, . • * . • Stooghton, Ma§«. 

Length of Roau— Canton Jtinction in Stuuphton ,. . • • 4.04 miles. 

Sidings, turnouts and other tmck^ 0.53 mile. 

The Stcuffhton Branch Railroad Compantf was ehtirtored in 1844, and was 
organized on tlie 28th May, same year. The work of construetioy was soon 
aftt*rwards commenced, and tho road opened for business? early in 1845. Tho 
road haa been operated and maintained since its opening by the Bcwton and 
ProTidenoe Raih-oad Company, at an annual cost of about $4,00(J the year, 
which 6um is embraced in the current expenses. The greater portion of tfie 
baliuiee of expenses is made *ip of ehiirgea on business sent over or received 
from the Boston and Providenee Railroad. 

BiutaB Capital — Authorized, 885,400, in 854 glQO shares (all paid in.) 

Income Account for the Ykar Ending 30tii Nov., 1859. ' 



RtnijdM — 
Saipliti tnna iMt jeifr> 
PuMfiger carniogs* *•• 
Fwighl ♦ 

i;.&MAil, rtnU. eto>.- 



•4,905 

19,457 

11,308 

873 



Ibtel. 



MabtenA&ca of way** *. .. .. .. $S4 

Bep«ira of earn » 340 

Tolli on Boalon and ProTidence Rnllroi%d 18.378 

Rent for a*e of B. and P. RR. - - 4,339 

Miitcellauooiia ■ 260 

Dividends- •.. 6.106 

BftUnce - - - 6,737 



*«36,543 Total * 
20 



* 136,543 



i:»i 



MASSACHUSETTS— TAUNTOK BRANCH. 



Cost of Road — $&9,478 (part paid from earnings), as follows: 



Graduatlun and majoDrj* 




»33.40'r 

• ♦- • ' 1 770 


Stnt 
Lau 
Cari 


ons, buililings and fixturckd*** 

1 hind^Ji*-""'"^ ""^ r«r.*^. .. 


812,333 


BitMnI 


rticture, uiQiadiJig 

Co 


. 


30659 


, ftgeuino 


» and i:ngiii 

Ykarly 






7,337 




^STf EaB 










LN'INGS^ Exi'BNbiEg, ETC*, 






Cti*t 


Mile- 




— <*Ta(w Ejimt 






Opera ling 


Net 


^Di 












^ Year. 


of Iloiid. 


ftge- pBai'gera. 


Freight Miiils, oUs 


TmIiiI 


Expeniipa, 


ElUTliDg« 


• 


P c 


1846.. 


m%m 


4,04 


111,256 


88,269 $3,90^ 


•23,430 


819.525 


84,905 


84,0=i0 


4* 


1846- 


93,969 


4,04 


M,r2l 


11.184 


OlKI 


2f>,205 


21,470 


4,736 


2,700 


3 


1847.. 


94,576 


4 04 


14,502 


10,150 


200 


^4,1)51 


18.823 


6,128 


2,568 


3 


1846** 


96,111 


4 04 


ll,Ri)0 


10,442 1,397 


23,699 


17,619 


6,030 


4.27U 


5 


1849*. 


SAA23 


404 


}ians 


11,010 


450 


25,725 


20,372 


6,353 


4,270 


5 


I860.. 


9,^1:^3 


4 04 


14,794 


9,8S3 


175 


24.857 


18J12 


6 145 


4,270 


5 


1861'* 


'JA,4Ai 


4 04 


13.677 


12.139 


... 


25,815 


19,854 


6,961 


1.709 


2 


1852.. 


dliAJi 


404 


14,500 


12,551 


114 


27,165 


19,247 


7,913 


6,124 


6 


1863< . 


[}^A<i 


4.04 


17,369 


13.454 


324 


31,147 


24,154 


6,993 


6,405 


71 


1B54.. 


S»i,-i;i3 


4.U4 


17.690 


12,482 


429 


30.601 


21,929 


8,672 


6,832 


8 


1655-. 


9:i,.iJi 


404 


19,3S0 


13.555 


619 


33.554 


29,616 


3,938 


6,8.i2 


8 


16S6*. 


94, 35 J 


4 04 


17.518 


14,150 


339 


32,007 


24,568 


7.419 


6,632 


8 


1857 . 


91,1143 


4 04 


1B,'j47 


13,253 


189 


32,088 


25,252 


6,836 


5,978 


7 


1868 . 


911,393 


4 04 


lB,i[9 


12,6til 


943 


29,828 


23,079 


6J49 


5,551 


6| 


1869*. 


99,478 
,4l&,271 


4,04 


19,457 
235,355 


11,303 


er3 


31,638 
4'>2,710 


23,402 
326,642 


8,236 
96,068 


6,405 
73,795 


"t 


IByaJl 


60.60 


176,494 J0,8ti2 




Avar 


94,351 


4.04 


15,690 


11,766 


724 


28,181 


21,776 


6,404 


4,919 


61 



TAUNTON BRANCH RAILKOAD. 

{Fhiancial year ending 30/ A lYop., 18o9.) 

Board of T)iiit:cTORs am> OrFti»:iis, 1859-60, 

William Sturgi^ Umtmi^ Mass. I Tiionms B. Wales. Baston^ Mass, 

K H. Emmons " " t W.A.Crocker.. launtm, « 

W. A. Crocker , Pnsidtnt - - - Tftunton, Mass. 

E. Pit KKniNCJ, Treajsurtn- • .Boston, « 

A. E. SwASEi% SKptrhUemicfti .Taunton, " 

PaiNcrPAL Offic E , Tacnton, Bristol Cb,, Mass. 



LcNGTM OF Road — Tauntun to Mtinf^field , 1 1.10 miles, 

Tatiiitou River Bifinch., .,,,... .,..,., 0.68 ** 

Second track, including sidiiiM^j 1.16 miles. 

Rolling Stock — Locomotive Engines 7 

Cars : — Passenger, 16; bag(;age^7; merchandise, 137, and gravel, 3., 1G3 

— ^wned in cononion by the New Bedford and Tnunton and the Taimtcm Branch Rail- 
road Companies, in proportion to the lengths of th^ir reapeciivo road^. 

The Tti union Branch. Railroad Compatu/ was incorponitod on the 7th April, 
1835, iHid authmixed to conBtnict a railroad from Tuuntun to Mansfield oq 
the BoHton and Pravidenco road. The? const nicti on of the road wah com- 
menced in 1H^5, and <»omplete<l in Augunt, 18:^0. On the 2d July, 1840, 
thu New Bedford and Taunton Kailrond was completed and connected with 
the Taunton Branch, and the two ro:id.s have eince beisn operated under one 
manatjfement and with the same rolhnjGf etock. Previous to thin period the 
Taunton Brnncti was operated by tha Boston and Providence Conipuriy. 

SEJifi£ Cjlpital — Authoiizcd and paid in, 8:i50j000, in 2,500 §100 shares. 



MASSACHCSETTS-T^l'KTOX BRAKCH. 



155 



Funded oe Floating Debt — None. 



Cost of "Road and Equipmknt — $^313,156 : in detail as follows — 

Gnuliuiliun iiad mnjtoDry- . • * * §89.855 I Loeomodvos* \ lu.ta ihc proportion ( 16,384 

SBp«ntructare, iadmling iron 92,249 | FaMougor eari - ■ > owuud by N. B.3 9,422 

^«ti»iu, builtiiu^ nnU tiittirtjs 47,056 Mttn^h.iiaaijje cart, ) oud T Co ( xi^ll 

Lftiad, lAod^daiuA^ca iind fducDK 30,729 \ Engintioring .-.».. .....*. 13^539 

In 18.-t9, $0H,156 of the nbove aTrioiint was charored off for depreciation^ 
leaving $250,000 uh the co^t uf the roud and e(]ui[jment. A!*.-^t?t^ and property 
held by the Corporation^ in addition to the coat of the roadj etc., $01,407, 



Income Account for tub Year Ending 30th Nov., 1859. 



eugcr (aamiogs*** 184,324 

•ight " 70,094 

US, M»a " 1,200 

fi«ataiiad tntoresl'-' * * 226 

plQi iaoorao from 1868 44,336 



Tolll • ..•200,230 



I}isbu rttme nts — 

Mjiiiileaiinco of wny^ oIa * 

Repuirs of i^jUiog stock, otc ••*•••• ■ 

** uf etiitiuus, etc> <• *^ 

Wood jiijd L'oal • ♦ ...,.....< 

Llil jitui w»«tci 

Taxes iinJ 3;iiMiirum''<? . . . * 

TolU to Boston Jind Providence Co>< ' 
Rent to N, BoJford aud Tuunton Co - 

SmIiiti^'-s, wtigoi, etc *..... 

Inlert'st • **..». 

Di vidend 8 per cent .•..*••»■ 

Surpltia i]itK>mi] - 



ToUil* 



Gbkirai* LiDOKR Balance 8ueet, 1st Bec.^ 

Coit of Toftd - '* - $273,409 

** qf etiuipment* *»- 39,747 

Aj^U-' ' 6l^407 

Sorploft incoDM *• " 61,005 



1859, 



Total' 



•325,5^68 



^ til. 092 
. 10,503 
* 1,392 
- 7,502 
. 1,187 
. 1,084 
. 72,600 
. 4,225 
. 19.590 
60 
. 20,000 
. 61,003 

.*200,2i0 



Cr. 



Shnro Cftwtiil ...*........ -tZSO.OOO 

FlontSngbebt ... 3,000 

Doprocintion- ' ..»...».,..*...*, €3,156 

Fnrfit and lu«. 9,412 



Tot^l 



.8325,668 



Yew. 

leaii* 

183T. 

I83d* 

JS40 
1841- 
l»42 
1S43- 
1^4- 
1946 
lB4t»* 
18I7- 
IMS. 

tflfiO* 

last' 

18S4- 

ta&s* 



Cofior 

Bo*d^ etc. 

► 1:139,925 
. £60,5 30 

► 259,874 
. 250,000 
. 250.0110 
. 25U.0t»O 
. 250.0(10 
. 250,000 
. 250,000 
. 260,000 
, ',^3,448 
. 303J42 
. 305,085 
. .i06,390 
. 307,136 
. 307,136 
. 307,136 
. 307,138 

► i07J36 
. 307,136 
, 31^,156 

3UJ56 

. 313, [56 

. 250,000 



Milo 

»g« 

U 10 

II to 

11 to 

11.10 

1110 

11 10 

II 10 

11 10 

II 10 

1110 

1168 

1103 

1163 

U68 

1168 

1168 

HtSg 

1168 

11.69 

1IG8 

1169 

11.68 

1168 

11.68 



Pft«'er. Fjrolgbt .^Jiiib,elc. Total. 



CJosT, Earnings, KxpENiiEi?, etc., Yearly. 

" Operating Enniingf, .^—Div.— * 

exponaef. lew eip. 8 p. a. 
$12^0 86,223 nif, nil, 
16,202 
13J70 
17,316 
30,816 
21,882 
19,393 
22,856 



•lrt.l77 
35, ".'iO 
32.Btil 
40,910 
44,!Hil 
62,273 
5.^711 
51,041 
65,349 
7li.5Hl 
81,316 
6S,t.i2a 
6401B 
62,9S2 

77,813 
R4 649 
95,92S' 
101,736 
93,091 
9R,023 
97.436 
76,465 
84,324 



$2,Bfi6 
11,024 
12,976 
15,895 
15,9.10 
22,443 
18,963 
20,484 
2^5.920 
37,C68 
38,943 
42,989 
42,091 
42,S48 
46,093 
51.262 
6M63 
62.307 
67,412 
56,006 
65,056 
64,902 
56,277 
70,094 



t- 

654 
2,999 
1,212 
14,646 
2,204 
2.496 
2.726 
2,417 
2;i88 
2,f^09 
2,295 
1,992 
2JG8 
2,108 
2,187 
1,690 
1.503 
2,662 
2,271 
1,295 
1,599 
1.442 
1,426 



819,043 

46.638 

49,736 

56,017 

76,477 

76.925 

77.170 

74,251 

96.b^6 

1 16,5:>7 

123.069 

113.909 

108,101 

10S,595 

114,466 

131,292 

137.401 

159j:iS 

1*1,?I0 

151.36^« 

164.374 

163,936 

I341B4 

156.844 



30,636 
34,966 
40,711 
44,661 
65,043 
67,777 
61.395 



70,336 26,350 

61,504 35,033 

101,146 21,922 

88,537 25.372 



12.5U0 5 

15,000 6 

16.0CM} 6 

18,750 7| 

20,000 8 

20,000 9 
20,000 



20,000 9 



90,4R6 
86 349 
87,654 
104,-291 
113,002 
138„248 

i:i9,5p;i 

126.174 
l.M,600 
l.i'i,040 
112,701 
129,226 



17.615 
22,249 
2»t,912 

21 m 

24,3i>9 
21,490 
32.249 
25.194 
27,774 
28,896 
21,493 
26,618 



20,000 
20,000 
20,0(»0 
20,000 
20.000 
20.000 
2f».000 
20,000 
20,000 8 
20,Q00 8 
20,OUU 8 
2t),000 8 
20.000 8 
20.(H.>0 8 



f4 yf« 8»)J50,'278 274 51 1,623,663 944,612 59,589 2,627,969 2,mR8»;4 559,005 421,250 
A?^f. 231,261 U-44 67»663 39,i59 2,4S3 109.495 86,202 23,292 17,552 7 



156 



MASSACnUSlSTTS— TROT AXD GREENFrELD. 

TROY AND GREENFIELD RAILROAD. 
{Mnancmi year mdin^ Ut March, 1800.) 



Board of Directors and Officers, 1859-GO. 

Alvah Crocker FUehhurg^ Ma^is, j Henimn Hsmpt, GreenJUldt Mass* 

E. G. Lamst^n , . * . » Shlhumt FtttUi *' | ll(j<*er II Le^ivitt Ckudfmont, ♦' 

lleiuy L. Saiiln., ,. ^WiUiamskmUy " | Harvey Arnold ^ North Ailana^ " 

Lewi* Kicc. •*.... Moifton^ ** | Jatuti^ CbcuvtT BoBtijn^ " 

State Dikectors^ — George B. Upton and Silas Peai^!e, of Boston. 

D. N. Cahffnti:r, PrenUhnt • . . * • .Greenfield, Moss 

WfcNDKLL T. Davis, Tretmirer « ** 

Hkkma N II.vi FT, Oik/ Euginetr * . ** *^ 

Principal Of^ ice, , . ., Greenfield, FraMin Co», Mass, 



LENGTH OF Road — ^Greenfield to N, Adiimsaiid St4ite line of Vennont, 42.55 tnilc 
(Complded) — N\ Atliuns* t4» Statu line of Vermont.. , T.IM} ** 



Rolling Stock * Suji|ilkHl by the Troy and Boston Company 



The Trot/ afid GremfkU Ruilroad Vompm^ii was chartered on the 10th ^lay, 
184S^ with authority to consti'iiot jt railroad from Greentield to the boundary 
hne of Voniiont, there to coimuct witli any raih'oml niuetiug it froiti iho 
Hudson River. The* lending and most exjjensive lliaturti of tlie work is u 
itmnd under Hoosae Moyritaiiij a liigh ridge between the vulleys of the 
Connecticut mid Iludsoa Kivers. Towards the constructiou of the tunnel, 
the State of ^[assachusuttt?^ in 1854, authorized a loan of \\s credit to the 
Troy and (ireeufifkl Company, in its 5 percent, wterhag- bonds, to the amount 
of S^jUOd^UllO, on certain t(si*ms, which were inotiltied in 1859, and again in 
1H6U, when tho folKiVviag conditions were affixed : The undehvered jjortion 
of the loan ^1J7<1,0I*0, to be divided into two parts, one of which, being 
81,120,000 to be issued on accoimt of llie works at the timnel, and tlie 
Other, $050,000, <m aecoimt of tho r!*ih*oad from Greentield to u point oiiu 
mile eaist uf the eastern cntrauee to tlie tumiel. The delivery of tlie bonds 
on account of the tunnel are to be made monthly, and at the i^ate of %u\} for 
every lineal foot excavated* The delivery on ticcoimt of tjie road i»s also to 
be made monthly, and in the ratio tliat the work done beam to the whole 
cost of the road. The road \h to have no grades exceeding 40 feel in an 
easterly and 50 feet in a westerly direction. 

Tiie woi'k of construction wns ciantnenccd in 1855. On the 1st April, 
18-M), the Western Division of 7 miles, iVoin the base of the mountain to thu 
btnindury line of Vermont, was ofR-ned tor huHiness, The tunnel had been 
excavatt?d 2,100 feet, of which 5fvO feet is at the wei^tern, and 1,550 at the 
eastero entrance. It h to be f<air miles ami f>nedndf long, with a section 
14 by 18 feet, Thfj material m mica xhth. The tunnel can only be worked 
at either end on account of the height of the mountain above it. 

The Troy and Greenfield Company has also purchaFed the Southern Ver- 
mont Railroad for the sum of S-0(t,<WU, (ho means ftu* the same being fur- 
nished by the State, in its 3 per cent, sterling bonds, payable in iiO years. 
As Becui'ity for tlie paytnerit of these bonds, the State lias received a mort- 
gage of tlie Southern Vermont roadp and also an assignment of a perpeluid 
lease of the same executed by the Troy and Boston Railroad C'<»mpany, 
w hieh provides for an annmd taenia I of $12,000. The excess of rent over the 
JotiTest ou tho State Loan is to go to a Sinking Fund for its rodeiuptiou. 




MASSACHITSETTS— TROY AND GREENFIELD. 



157 



The stock and bonds of the Southern Vermont R^ilrnud, the Torn) er amount- 
ing to ^50,000, iind the luttcr to j^ir}(),OfHi, h;ivu akn hem enrrendortni to llie 
kSlnle fi>r its furtlier sefurity. Tfiiit poftiou of tlie Troy imd Grutiifield 
Kuilroud froiri the ha^e of the riiountjyim to tlii^ boundiiry line of Vermont 
has becMi leutetl to the Ti'oy tind ]>i>!stnn Ruilroad Gornpany till the com- 
I^letion of tlie tunnel iit an unnuul rent of $8,000. 

Uj;»on the completion of the mud from (irecnheld to North Adama, a dis- 
tance (jf 8(J miles, a new line of rtiilroud will be formed betweefi Bo^-^ton and 
the Hudson Itiver, made up of the fuilowiui^ works: 



rttchburg** • &<} miles, 

Vermonl i»inl MiiMAehutottj 56 " 

Tw»y nod Oreenfiutd -•* 43 " 



Totiil . 



Troy iiad iioston" • 



* B mUos. 
35 ** 

192 « 



This line will have no grade;^ in an eastern direetion exceeding 40 feet to 
the mile. g 

SuAiiK Capital— Authorized, 82,500,000, in 1Bfi(\0 $100 shares. 
J'aid in, * 400,000 on 11,546 $100 f^hares. 
Of the phare cnpital, 8175,(^j00 were siihsmbed by several towns on the 
route of the rond: viz.: Adams, S0O,iiO0; Yi' illiamstown, $:^3,000; Grcea- 
field» $a0,000; liuckluinl, Slli,SOO; (liurlemont, $10,300; Iteulh, $7,S00; 
Florida, $4/200, and 8helburne, S1S,000, 

FrKDKi> Dkbt— $2,000,000 : in detail as follows— 
The Funded dL'bt of the Cominmy consists at prenent of Uie State Bonda 
iw^iueii uu aceouul of the tunnel whirh amounted, on tlie 1st Mareh^ 18<j0, to 
8:129,992* These are f^ecured liy a first mortgage on the tunnel and road, 
and are payable in 20 year.^. The Company undertakes to pay the i»i'indpai 
rind iritercM on the State Bonds as they severally mature. In case nf failnro 
lo pay the interest, as it may full due, the Siuue is to be deducted from the 
next pay»T»ent to the Company tai aeeount of work on the turmel or road* 

The C'ompany have also issued ttecond mortgage bonds, but these, it is 
stated, lire iuvalid and are to be surrendered and eaucelled. 

t?u\KiNu Funds. 

The law authorizing the loan of the credit of the State to the Company 
pnivides ft>r a Sinking Fund based on the payment thereto of 10 per ecnt. 
of the sen[> issued. After the eompletiou of the tunnel the Company is 
reouired to pay to the fund $25,000 amiually. 

For the payment of the State bunds issued for the Southern Vermont 
Railroad the exeesa of rent over the interest on the State bonds is to be paid 
tu a tiinkuig fund. 

Floating Deut — Amount not stated. 



Cost of 'Rokiy and Tcjnnki. to 1st MAuen, 1800 — $047,520. 

The contract price for the road ami tunnel is $4,000,000. 

Tlie C<»mpJiny publishes no statement of its uBfuirs, and no general balance 
shocl can bo given. 



UNION RAILROAD, 



-postea.) 



158 



MASSACHUSETTS— TERMOXT A^'D MASSACffl'SETTS. 



VERMONT AND MASSACHUSETT^5 RAILROAD. 

(FinatWMl t/mr mdhiff Wth Nnvembfr^ 1859.) 

* ^ ^^-^^ 

Board of Directous and OFFrcERs, 1859-00. 

Jolin J. Swiflt B'Mon^ Miia-bs, | .laraci Clieevcr. . - Boston, Mtim 

D. N. Carpenter ** '* | Joseph Goudliue, ....♦.., BraUteboro^ Tt. 

Thomas Whittemore, President , * . • _ .Cambrid^eport, Mh^. 

JoH s Hoc KHSj TrefijfUrer - , , . Bojiti>ri, *' 

U Its T. Rlt^jGles, SitptriiUeit<(fent ,Fitcbbiirg, " 

PiiiNCiPAL Offici: , ...FiTriiBUHGj WotcuUt Co., Masis. 

Le»oth or Road — Main Line, Fitchhtirg, Mass., to Brattlebom, Yt. .,,€9.00 miles. 
(In Mass., 5K| miles; in Vennoiil, 10:^ tniles.) 
BraitcJi Lifif^ OvonVs Corner to Grei^niieM .,....,. 8.00 " 



Toflil letif^th of roftfl oWDCid by Company 77.00 milem 

Sidings mid otlier track, excepting rnain and brancli Ijjie, 5.50 miles. 

KoLLiNO Sto(*k — Lnniiiiotive cnpihe,s. ..,.,....,.* % . * 11 

Cars : — Passenger, 8 ; bagirnpje 5 ; mercliaudise, 171^ and grav»l, 16 .... . 20O 

The Vermont mid Mnnnachueth Railrotid Compamf is a consolidation of the 
Vermont and ^lassachusetts, aii*l the Greenfield and Fituhburg in Miissa- 
cbusetti*, and tbe Bnittleboro and Fittdibtirg in Vermont. 

Tilt? Vermont and MsiPfinelms<!tt«s Ruih-oiid Company of Massaclniselts 
was chartered on the Ifjlh Mnrch, 1844, and autbomed to build a railroad 
frorn Fitchbnrg tu the State liruj of Vennont or New Ilaiapftbire. 

The Brattleboro and Fitchb^irg Railroad Company of Vennont was char- 
tered in Octolwr, \M% and authorized to build a railroad from Brattlebom 
to tlie Mast?aehiisetts line, to meet any road from Fitebburg. 

The Greenfield and Fitchbnrg Railroad Cianpany t»f Maii^aachusetLs was 
chartered on tbe 8tb May^ 1848, and aiithorii^ed to eonstryet a raib'oad from 
tbe Vermont arrd Massachusetts Railroad in tho town of Montague to the 
town of Green tiekL 

By fiubsef|uent leg'islation, tbe tliree companies were authorized to consoli- 
date themselves into one company under the title of tlie ^'ermoiit and Mas- 
eaclinsetts Railroad Ci^mpany, which was effected on tlie l!2d November, 
1844. The construction of tbe road was eommenccd in 184;\ and the sec- 
tion from Fitcbbiir*^ to Baldsvinville, 21 miles, opened in September, 1847, 
imd operated by the Fitehburg Railroad Company, under an agreement to 
continue till Int Januaiy, 1849, to pay six per cent, on its cost. The gection 
from Baldwinville to Athol, 12 miles, was of>ened in January^ 1848; to 
G routes Corner, 15 mile^s, in Dec,^ 1848, and to Brattleboro in Feb., 1850. 
The Greenfield Branchy 8 miles, was opened in the latter part of 1850. 

8nAEE Capital— Authorized, ?8;20(MX>0, in 32,000 $100 shares, 
Subscribed, 2,880,100, in 28,801 « 

Paid in, - 2,214,225 

FcNDRD DfiBT — $1,003,880: described as follows — 

\it M^rtifage^ 6 per eent.^ eoupmi hmuh ..... $1,003,880 

— dated 1st July, 1856, ^m\ payable, principal 1st July, 1865; interest semi- 
annually, 1st Jan, and 1st July, at the otlice of the Company, in Boston. 
The m(»rtg-!ige in this ease prc>vidcs for an issue of bonds to the amount of 
$l,lUOj>lHb Tlie amount at present outstanding will not prt^bubly be in- 
creased. The bonds were issued to retire bonds falling due Ist Jan., 1856, 



MASSACUUSETT3-VEHM0NT AND MA3SACIHJ5ETTS, 



15D 



to the amount of 8l,O0D,O00. Parties holdiTi!:f the old boiitis were allowed a 
prcrniiiin of 5 per cent, on their t^onv^ei^siurx intu the new. For the retire- 
ment of the>e bonds ii Sinkinjr Fund was cresited by the annual pajincnt 
thereto of $10,000, wlikh has been regulurlj made, and invested iu the bonds 
of the Company. 



Ort?T OF Road and EaittrMKNT — $:irilf3jSGGj in detail^ as follows : 

Grr. .>ri DUMODry* •»• ' tl,4(iI,32J i Locouiotive POi^inos- 

\V ^ej, -... 199,i95 [ 

Suj.^, -...,.. ■.JL% mcludiDi^ irt>n» 600,4"i'2 

Sutiuta, buUdini^ and fixturoa 129,274 

Lunil, Und-diimagGfi and fenced** -*- 18l/iL9 
Or«cftfield Brunch 248,495 



I Viiieeng^r and bnggagti eari-* 
I Murubandijso and other oftrs' *• 
I EuginL^erirag * • 

IAjy^cneies and otbcr «xpen9<sa* 
Intereat, duoounta^ etc 



195.639 
20,190 
91,515 
56.872 
100,271 
332,250 



IxcoME Account for tub Year bndiso SOtu Nov., 1859. 



Mecfipta — 

Fnti^t esroingA** - 

ptMMflg^r ««rniiigs • 

B«&it of joint lue of rtNul from Fitdiburg 
to AjfabomhAni, and of engine hnuao, 
walof tMik% station buildtogn, f uitiun 
A^cnl«, iodadin^ fftatlon work at 
Ftt<liburg and other statiooA • < * • • • • 

Sspre«ea * ♦ ••• 

hmntt 

Tolli. <NoTtbfield Bridge) 

Mail » ► 

Mifloellaneaiu ,»,*.., 



$126,714 
65,lJ;i 



39,000 

608 
6/ATO 
2,976 



IbUl* 



.ri46J93 Totel 



EKpeDi>ea of paflaengcr Department** •* $11,369 

freight " ** ** 13,159 

Fuel.*.* 9,325 

Eepain of locomotive * 14,0B7 

" oara**** * ****.* N,398 



" rotyl, bHd|^i and italiooi < 

Eenownii of iron * • ♦ 

Gyneral expt^Oi^oi- •..*••• •.... 

SurpluA earnings ••*•• - 



27,6e'i 
30,396 
20,096 
106,317 



*«246,798 



iV, 



Gbneral Lbdoeu Balance Sheet, Isx Beg, 1859, 



CofMtrttrltun and (*qaii>mcnt ucoonnta 

of ih« Main K&itd and Branch $3,516,B(>6 

Mii«fatiiv-«bop ttock on hand 8,000 

Fnef and maienal on hand 6J91 

Simaf* account * ,..»•, 3,347 

8ia«lfttf f^d (ihr(H» insUtmeot^) - * * 30,000 

Cull UMleaali funds* * 57,969 

BaJancca dne from connecting Eoada 

uid on mail c«ntrwct' .-.*.*».,... 17,857 

llaiala(exp«nM!« 140,461 

tnceoant**>* • 67,422 



T«ta]' 



.13,840.733 



Cn 



Capital ftockj being tfao amount rcpre- 

wnt«d by 28,901 9har«a.*** $2,214,225 

Mortgage Bondt^ being th« amoout of 

Bonds tbiiidat« outfltanding**** *. 1,CpD3,8BD 

Unpaid bills, (ainco pai*!) • * 6,356 

B»Unc« of road ino«me to Nov. 30 '58 369,473 
Road inaama for jcar ending Nor. 
30, 1859 * 246,799 



Total. 



.$3,840,733 



Yf» 
1347* 
1848* 
1S49- 

]9ii* 
19S2 
1S51< 
ISH' 

1- 



Govt of 
Ho«id, ata. 
1,232,330 

2,196,757 
3,160,301 
3^406/244 
3,450,004 
3,451,628 
3.456,iti 
3,456,363 
3,45B..'22 
119*1470 

,'•.0 



Cost, Earnings, Expenskb, Etc., Ybarlt. 

Operating Eamlngj, * — DIt.- 



Uj«J41,380^ 
Arit. 3^106,382 



Milo- 
agr 

2100 
4BO0 
G9 00 
69 00 
77 UO' 
77 00 
77 00 
77 00 
77 00 
77 00 
77 00 
7700 
77,00 

900,00 
6924 



-Gross Earnings- 
Fujs'er. Froigbt. Maila. 
I Onenitod by Fitcbburg Co. 
to JanURrj, 1B49 



71,461 
84,691 
73,Byi 
74,205 
83,775 
82,629 
78J3y 
70,2R2 
69,486 
60,554 
65,133 



92,734 
112,447 
86,090 
99,607 
111,471 
133,384 
134,033 
135.529 
124,168 
11U,33<J 
126,714 



2,498 
6,9B4 
20,647 
44.867 
49.077 
69,510 
56,554 
53,860 
53,797 
54,189 
51,951 



Total, 
) 6,292 
{ 63,000 
166,696 
203,122 
180,613 
218,679 
244.323 
275,523 
269,726 
259.671 
247,471 
225,079 
246.793 



expcnsoa. less ezp. 
6,292 



84,432 
136,713 
100,141 
132,511 
158,022 
150,sni 
181,421 
149.146 
151,944 
120,042 
140,491 



63,000 
82,264 
66,409 
80,477 
66,169 
86,301 

124,707 
87,305 

110,425 
95,527 

105,037 

106,317 



$ 

nil 



p.c. 
nil. 



ei4;239 1,266,533 455,934 2,605,998 1,505,669 1,100,329 
74,021 115,139 41,449 204,461 116,821 83,640 



* Skven OMMithiP opaiutloni. 



J 



160 



MASSACHUSETTS— WESTERN, 

WESTERN KAILROAD. 
{Financial year ending 30/A Notmnhcr^ 1859.) 

Board or DruKCTORs anu Urnr rrs, 1859-60. 



Juimrhim Bourne^ Jr.iVefr 5r^/(wvi, Masa, ] 

E> H. Tinker NorUi Adauis^ 

Stephen A , C Uase. Stiltm^ 

George A. Shaw ..BoMfm*, 



Williiim TI. SwilY. Bt/dim, Mans, 

Josiah Stick Tie J.* ,,«...... *' 

Rahert Campbell • Pitto field, 

Igarilius Sargent. Boston ^ 

Chester VV, CttAPJN, Prmtlent ....... 1 .... .T .Springfield, Mass, 

Stephen Fairbanks, Treasurer , .Button, ** 

Henry (! hay, Snpcrintendmt ^ . . , .SpringfieUl, " 

Principal Office Boston, Snffo/^ Cj., Majw. 

LsxGTH OF Road— Worce?iter to New York State Line ...* 117.81 tnilea. 

Albany niid West Stoclibridge lUL, State Line to Alimny. •. . . 38.22 " 
llutlBon and Boston KR.j Clmtlmm Four Corner.^ to Hudson. .. 17,33 ** 



Total lenptli of rrxid owned by Com|«in3* 173.3G miles. 

Length uf seound truck on main line, . • . , , ,...,..,. 97*17 *' 

Length of siding.^; iind other trfu^k, excepting l$t and 2d tracks. 9 J5 " 

iMi^ai Road — Pittsfield nnd North Adnms Rallrond « 18.65 miles* < 

Length of mdtngs und other track.... ,. 0.70 " 1 

Total length of line operated by Company 192,01 miles. 

Rolling Stock^ — lYOcamntive eniinTies. , 72 

Car*: Passenger, 47 ; bnggatre, 12; merchandise, 1057 5 gravel, 80 1190 

The iredcrn Railroad Company of Mufes^ui^hiisetts wiia chartered on the 16th 
of Februiiry, 1833, The coiistructicm of tlie road, ho%i"ever, was not com- 
lucm-ed till 1837. In that, and the two years following, the whole hne waa 
phtced nnd<?r contract. The Kastern Division, 62.6 miles, from Wnrceeter 
to the C^^nnccticut River, wuy opened on the 1st of Oct, 1839, The Western 
Division, from the Conneetient Kiver to Albany, waa opened as follow'S — 
from the boundary line of Ncw^ York to Pitt^field, 4tn May^ 1841 ; from 
Springfield to Uhcjiter Factories, 21th of May, LS41; fiTini P^ti^field to tho 
Suujniit, yth An^^, 1841, and from Chester Factories to tho Snnmnt, 13th 
Sept., 1841, The trains fii-st past^ed over the wliole road 4th Oct., 1841. 
The bridge across the Ck^nnecticnt River wae completed the 4th July, 1841, 

That portion of the line lying" within tlie State of New York, 38 miles, 
was constructed under the charter of the Albany and West Stockbridj^^e 
Railroad Company of New York, nrmtited in 1><30- The construction of thia 
road w*as commenced in lS3H^aiid the tirst division, from Albany to Chatham 
Four Corners, was* opened on the 24th Dec, 1840; the second, from 
Chatham Four Corners to West Stockbrid/ie, on the 12th Sept., 1842. In 
tbe meantime, a portion of the hne of the Hudson and Berkshire road was 
u«!ed to form the throwfh line to Albany. The road w^as constructed by the 
Western Uaitroad Comjiany, to which it is leased for a term of 50 years, the 
period of its charter, and ibr any renewal of the ,same. Toward the con- 
fitrnctioa of this road the city of Albany subscribed 81,000,000 to its capi- 
tal stock, paying for the same iti its bonds. By the terms of the eub- 
scriptioa, the stock taken by the city, and which constitutes the entire ehare 
ciipit^il of the Albany and West Stockbridge Company, is held by the city 
as colhiteral security for its bonds. The Western Company agreed to p.iy 
the principal and interest of these, and on their payment the road becomes itd 
property.^6^ Albany and West ShcMrid^^ Railroad Company.) 



I 




MASSACHUSETTS- WESTERN. j^j 

On the 30th January, 1846, the Westeni Railroud Company txx)k a leas« 
of the Pittiififld and North A da ma Railroad for a period i>f 5t) years from 
the completion thereof, agrcuin;^ to pay, aunuidly, as rent, six per cent on its 
coet. At the expiration t^f this peritxl tbe Western Railroad Com puny to 
have the right to elect \vhj-*t!iui' it will liecome the purt-hawer t»f the road at 
its cost, or will renew the louse for tbe farther term of 99 years, paying, an* 
nually, 5 per cent, on the cost cjf the road. It was opiened for ]ts whole 
Itsagth on the li^t December, 1840. The co^t of the road i^* about $450,lHJt>, 
upou whiefi dividends have been pnid. It^ net eannngs have, as a ffcneral 
nile, averaged a little Icph than the rent paid,— (-SV^? Pithjifhi und N. Adttms RR,) 

On the l*lst November, 1S54, the Western Riiilrouti Company becuine 
pnrchiu^ors, under a side at auction by the Comptroller of the State of New 
Vork^ of the Hudson and Berknihire Rjulroad, extending from the citv of 
Hudson to the boundary line of Massachusetti?, a distaoee of Bl miles. \!\m 
road now jbrmw a part of the Western, and both are operated afl one line. 
\\M location in another State requires the raaintenance of a separate organi- 
nation* Its cost to the WeHtern Company has been S19t>,KJi9. Sincu its 
organization its name has been changed to that of the Hudsoa aod Boston* 
Por the cost, oamiogSj exijenses^ etc., of this road, aee Ilmhon and Boston, and 
fliw Mudion and B^rhhire Raikmd$ of New York, 

Sham Capital— Authori7.ed by Charter, $6,500,000, in 65,000 |100 shares. 
Subscribed, and paid in, 5,15O,U00, in 51,500 " 

FuNDisi> Debt — $0^125,5*20: in detail as follows— 
111 Mtn-t, 5 per cent Stitrlm Bond* of tha State of Mass. (£899,900), $4,3 19,520 
This class of bonds was issued and made payable at different dates aa 
foUowB :— $648,000, issued Ut April, 18:^8 ; 81,620,000, issued 1st Oct, 1838; 
$4;^2,000, issued 1st Oct., 1839 ; S864,000, issued 1st April, 1840, and $755,- 
620, issued Isit April, 184L The several isjauea are made payable in 30 years 
, date, in Ijondon ; ioterest payable half yearly from the dates of the re- 
live ii?euc8, at the same place. The bonds being issued for its benefit, tbe 
[Tompuny undertook to pay the principal and interest of the «ame m thej 
nerendly matured, 

Biiper rent. Bonds of th CUif of Alhamj ,,. .$1,000,000 

— issued to the Albany and West Stockbridge Railroad Company in pay- 
luent for a subscription by the City to the share capital of the Company for 
4 hke amount, and subscribed as follows : — $650,000 on the 30th of May, 
1840, and $350,000 on the 1st day of August, 184L They are payable in the 
City of Boston, as follows :— $250,000 on the let of July, I860; $300,000 
on the Ifit July, 1870; $20lM>00 on the 1st of July, 1871, and $250,000 on 
Urn lf*t of July, 1876; interest payable semi-annually on the 1st of January 
find 1st July, at the office of the Western Company in Boston. By the 
terms of the lease of this road to tlie Western Company, the latter undertook 
tbi* payment of the principal and interest of these Bonds as they matured. 
On their pa}Tnent, tlje stock held by the City of Albany as security for the 
payment of its bonds, and which constitutes the entire stock of the Albany 
and We*it Btockbridge Railroad, becomes the property of the Western Rail- 
^«ld Cx:>mpany. 

Super rent, coupon hondi , -_-.,. -.$656,000 

— is^iu'<l 1st Oct, 1855, and payable, principal let Oct, 1875, and interest 
ually, 1st April and 1st Octuber, in Boston. The Company has 
-....»u*..t to issue bonds of this class to the amount of $1,500,000. ' 

21 



162 



MASSACHUSETTS— WE5TERJT. 



Hiidaon and Boitim Ratlraad Lmn^ at 6 psr cent *S1 50,000 

The Western Eiiilrond Company, beinor sole owner of the Hudson and 
Boston Railroad, borrowed of it8 own Sinkinp: Fund, on nt^count of this road, 
and s(?furt?d by a iniirtgage of the same^ tlio siini of Sli50^00ri, of which 
SIOI),0()D was pjiid on the 1st April, 1859. The ioao wa** madts on the 22d 
June, 1857, and is payable on dmtand. 



SiNKiNo Funds, 

For the retirement of the State Bonds, a Sinking Fund was created by 
the payment thereto of the premium on the sale of the eame, which 
amounted to $140,4t»7, and by the aonnal payment thereto of one per eent 
on their amount estimated at $4,000,000, wliich was to eommence after the 
road was fully opened, and whieb lian been regularly made to the present 
time. The value of this fund on the 30th November* 1859, waB S1,490,39C, 
(exclusive of the Albany Sinking FuiidJ which is invested at 6 per cent 
interest. 

For the retirement of the City of Albany Bonds, a Sinking Fund was cre- 
ated by the payment thereto of a «um equal to 10 per eent. of the amount of 
the City Scrip^ and by the annual payment thereto of one per ceot. on their 
amount, to commence after the completion of the road, aad which has been 
rejyrularly nuide. The value of this fund oa the 30th of November, 1859 was 
$0:ii,013, invested at G per cent 



Cost of Eoad and Equipment — $11,030,279: in detail na follows 



WeffteraRR. 

Gmdnation and masonry^ <• * " - $3,491,!j65 ) 

Bridjfiiig • - 2:JJ,t*96 J 

StiperBtmcture, iacloding iron** 1^635,358 
Stntiou buildingg and QiitiireB *• 450,700 
Lniid, land damitgea and feocing 208,201 

LooomoLiven ■ - - 432,000 

l^ii^sunj^cr and baggage can* * > - 73,646 

y\ urchfitndise cam • » • • - • . 5^0,169 

Eii^itioerinp and other ex|>unaifr 1,190,549 

TuUil v*Mi of 11 and H. Rtl 

Tumi cost of W. o. Eil. Stook 

Totmta • 



Railroad. 

il.019,988 

6:J4,943 
294,983 
207,478 



Hud. A R^»t., 
and W, S, KR SUc. 



232,167 



183,939 
13,000 



ToUlcoit 

«4J43,350 

2,320.302 

745,682 

605,679 

432,000 

73,648 

690,163 

1,422,714 

133,839 

13,000 



-- •8,443,881 •2,389,559 •196,839 •11,030,279 

With the exception of the proceeds of tlie Albany City Bonds, the West- 
ern Company has advanced the entire cost of tlie Albany and West Stock- 
bridge Kailroad. — {See Alhuntf mid Wed Shckhridge Railrmd of Netv Ytfrh) 



Incomb Account ?or the Year ending 30th November, 1859. 



RtttipU— 

PihMonger camiagi • • • *• •679,121 

Freigbl '* 966,306 

Maila «« * 1011,642 



Surpltt* fnsra 30th Sot., 1968 ■ * 306.747 



T^tMl 



.•2,07'i,ei6 



•$417,894 

' 269,334 

66,689 

69,313 



DisburaemtnU — 
TroniportatioD expenaee. ..*••>. 
Bepaira of roadway.* *.-...**.. 

'* of engines. 

" of can ............... 

* ' of buildin gs, ferry, ete • - 42^282 

New cars and engine* to oov«r d«pro- 

ciatiou- ■ • - 33,000 

Qenpml expennci, .,..,,♦ ] 9,607 

Inlflre&t on ^StaUj loans and oxchftnges- 350,179 

One per oent io Sinking Funds 50,000 

Eight percont dividt^ndi.-* " ........ 412,000 

Loss on PjtL^field k N. Adaote RR- - » - 1,872 
Surplus 30th Nov., 1869 321,844 



ToUl 




MASSACUU3ETTS-WEST STOCKBRIDaE. 



ia3 



Dr. 



General Ledqkii Balance Siibkt, 1st December, 1859. 



I Com of nwd »od equi pmeiit *..*..*.§! 1 ,030,279 

[ lioUa rv^toivabk - - • 19,795 

[ Hu<l90D River Bridge SUnsk - 15,LiO 

'Mft<*riiil« ■ * ' 369,22 1 

C4i«h • 75,179 

I ladgctr haUticei due from individlimlB 

t eorponntioaf* * 133,470 

I €t>aiiniMion«ra uf Miii8aehu<«U«Siak« 

ing Fund- • - ■• - 1,490,396 

Ttiut«M of Albugr Staking Fund** 621,013 



TbUl 



.113,754,476 



Cr, 



CupiUl Btock tS,I50^000 

i;b!99,90U Stirling Bond* • - 4,3 i 9,520 

AMmuy City. ....,,,. 1,0UU.(HJ(J 

HtidMun aod Butitoo Ruilroad Louo' •• 150,{N}0 

Dollar Bonds ti5t>,000 

Uillii pajftblfl ... ** .* * 208,725 

Uneluiuied dii'idende and mtcrest.** > 4,7lii9 

Divkond Ko. 31* |206,Of}0 

Internal mjcrued, wot doe ■« -......- 67,&5f> 

Le<ljCer biilatia«s due indiriduiilA and 

curporatione » 18,230 

Ac(!umul)Li«il J? ink lag Fund proflta- -♦ 1,651,931 

Contingent Fund * * ..*....... 3-^1 344 



Total 



*«13,754,47ti 



Odvlof 
Tr. Rottd, ttle. 



'40 

'42 

»41 

*44. 7 

'45 

'45 

•4T 

'4^ 

•50 



'B 



> J. 500.000 
2,016,9<39f 
6.2iS,026t 
7,Oe7,l9Ui 
7,501,204 
7,686,202 
7,741,754 

ai95,7ag 

8.769,474 
9,900 J 53 
9,926,951 
9.9*»3J08 

':53 

vs 

. 9,i*^i,2Sa 
10495.50411 



Mile 
ftge 

5^157 
77 61 
12016 
156 03 
156 03 
15603 
156 03 
15603 
15603 
156 03 
156 03 
156 03 

15«>03 
156 03 
156 03 
173 36 



Cost, Eaunixos^ Exi^KNgia, Etc., Yearlv. 

'^ '" ■ Op4»ruling Erirnin^^^ 

«j.pen»os. le^ oxp. 



PitM'er. 
813,472 
70,B21 
113,842 
266,4^7 
•275,139 
358,694 
366,753 
389,861 
602,322 
651,038 
561,575 
690,743 
603,207 
615.481 
693,-290 

766,603 _ 

763,037 1,007,993 
812,880 1,207,798 



■{trom Eaniingii 
Freight. ALiila 

94,136 

3«,3S9 

64,467 
22fj,675 
275,696 
371,131 
420,717 
459,365 
785,346 
745,910 
745.394 
747.521 
7l4,;i63 
685,063 
796,216 
924,973 



-Div.- 



3,167 
4,000 
19,5B6 
23,017 
23,927 
26,0 lU 
29,191 



T«ital 

•1 7,609* 

112,347 

182,309 

512,633 

673,692 

763,752 

813,480 

878,417 



37,669 1,325,336 

35,120 l,31i:.069 

36,941 1,343,310 

31,249 1,369,513 

36,324 1,353,894 

39,329 1,339,873 

45,717 1,6'25,223 

e2,468 1,763,944 

97,931 1,858,861 

95,151 2,116,829 



•^y,ll,Oig,i*i^ U3.36 



803,977 1,007,186 94,179 1,910,342 
637,042 969,616 94,736 i.700,293 
679,121 986,305 101,642 1,767,068 



«14,3B0 

62,071 

132,502 

266,619 

303,973 

314,074 

370,621 

412,679 

676,689 

652,357 

588,323 

607,549 

697,766 

656,677 

778,487 

1,045,241 

1,236,669 

1,228,229 

1,0^4,118 

890,930 

936,920 



•3,228 
B0,"276 
49,807 
246,069 
269,909 
439,678 
442,659 
465,738 
64ft,G4 7 
679,711 
755.463 
761,964 
756,138 

746,736 
718,703 
6.^2,202 
887,600 
826,224 
609,363 
830,148 



nxL 



nil. 



80,212 
90,0f)0 

2O4;«:w}0 

320,(flK» 
366,01)0 
4 1 2,01 fO 
412,OfJ0 
4I2,W0 
334J50 
360,500 
360, UUO 
360,^)0 
3%, 250 
412.UU0 
412,000 
412,000 



179,009,300 3,147^3 10,430,245 13,173,130 947,162 24,560,537 12,856,854 11,693,683 5,333,712 
At. fi,&24,2S2 149.83 496,679 627,292 45,103 1,169,073 612,231 656,B'12 253,986 H 



WEST 8T0CKBRIDGE RAILKOAO. 
(Finmieial year mdifi^ SQth November ^ 1859,) 

GcoKGK H* Power, PrakUtU ^Hitdson CUif, N.Y. 

LfnB ar Road — Wcat Stockbridge to New York Sute Line .• 2,75 miles 

The fFesi St4fchhrufye Ratlrofid Company %vaa churteretl in 1831, The road 
was constructed in 1H3», uiidtjr Uio direction, fhietiy, of the Hudson and 
lierktfhire liailroad Company o^ Now York, as a connecting' link between 
thutlioad and the \Ve*itern and Berkc^hire KailroadH, In 1H^14, a contruct 
wa» made between this Conipiniy and tfie Hudson and Berkshire and liou- 
satonic liailroad Companies, whereby its road was to be niaintained, and by 
the two latter Conipanie,^ at certain rates of compensation. Lender thit» 

* laootiae A«.*count for nbout tkree moiiUii. t Coitof nocHon betw««n Springfield itnd Wurcc»- 
Ur <Milj. \ CiMt ui rwtd from Wor««tt«r vad Slate l.in« of New Vurk \ Cont of whule line Cruoi 
tW««Mil«r to AlUnj frvm untl after 1842. [j Including liud«oa iind Boatoti iiiuliUMl^ 



1G4 



MASSACnUSETTS -WORCESTER AND NA?;IJA. 



agreement the net earnino^ of the West Stockbridge Riiilroad have averaged 
about $1 J82 annually. The cost of the road is represented entirely by stock. 
Its er|nipraent is supplied by the conneeting rouds. It was originully con- 
fitrut-'ted with a 6at bur, but in 1846 was relaid with a heavy rail by the 
Housatonit; Railroad Company. 





Shaxe Capital^ 


Aiithoriz.ed 


, g4D,000. Paid in, $39,600. 










Cost, Earnings^, 


ExrENSEs, ETC., Yearly, 










Cofftof 


Earn- 


Ejc- 


^-Div 


,^^ 


Cost of 


Euro- 


Ex- 


^-Uv 


.— ^ 


Ynr. 


roftd. 


in ITS. 


pcnses 


« 


po 


Yri. road. 


ini«. 
$1,824 


pensoa. 


$ 


pe* 


i&io.. 


' H1.516 


• 


a 


nil. 


«i7. 


1350... $41,516 


$26 


1,782 




IB41.. 


* 41,516 




.. 


" 


11 


1851.- 41,516 


1,762 


21 


1,782 




1642' - 


- 41,516 


- ... 


. t 


11 


u 


1652... 41,516 


1,327 


22 


1.732 




1B4:J.' 


' 41,516 


.... 


,. 


11 


n 


1833... 41,516 


1,827 


22 


1,782 




1644 -> 


• 4i,blB 




.. 


1,782 


H 


1854... 41,516 


1,827 


21 


1,782 




1845- 


• 41,516 


2,311 


44B 


1,792 


4i 


ia55..- 41,600 


1,827 


35 


1,7S2 




1846'. 


. 4J,«I6 


l,t^22 


52 


1,880 


5 


1856... 39,ti0€ 


1,827 


21 


1J82 




1847^. 


. 41,516 


l,85i 


120 


1,782 


4* 


1857... 39,600 


1,937 


20 


1782 




1848. . 


- 41,516 


1,%3 


60 


1,782 


41 


1853-.. 39,600 


1,676 


21 


1J82 




IB49-* 


' 41,516 


1,800 


45 


2,359 


6 


1659... 39,600 


1,914 


21 


1,782 




10 jnt. 


$416,160 


9.749 


725 


11,366 


29 


10 yr9..$407,580 


18,248 


230 


17,820 




Av«r.. 


> 41,516 


1/J19 


145 


1,894 


4 8 


Aver- 40,756 


1,824 


23 


1,782 


^ 



WEST CAMBRIDGE KATLKDAD. 

(See Bodon Ct'tt/ JPassfti^cr MaiJroaih, postea. 



WEST ROXBURY RAILROAD 
{Ss& Bmton ('% PmseHger Jiailroads^ postea.) 



WORCESTER AND NASHUA RAILROAD, 

{Financial ije(tr miding 30/A iTo»,^ 1859,) 

Board or Directoks and Officebs^ 1359'6€, 



Steplien SftliRburv • Wmxuitr^ Mass. 

F. H. KinnicMtt,^ " *' 

Fnmdis 11. Dewey " ** 

Set b W. Fowle. • 



A. E. Hildreth Grotm.Um^. 

Tiiomas Chftfi« ,Nasktia^ N,H, 

Jacob Fbber • ^Lancaster^ Muss. 

p.... .• Bontim, *« 

George T. Rre, Pnftidmt Worceater, Mass. 

T. W. n AMMONfi, Treasurer and Secretart/ , ** " 

Gkijuge W, liENTtEV, SaperinteiuUnL, - , " " 

PRijiciFAi. Office....... .••....» 'Worcester, Worctsttr Cb., Mass. 



Length of Road— Worcester to N. Hamp. State Line... .39.12 miles 
StAt« Line to Nashua, New Haiiipsbire. G.57 ** 
Second track, 0,76, mid sidings, etc, 8Xil miles 8.77 



45,C7 miles. 



Total equiviik*nt fiinglo track ...*......., 54,44 miles. 



Rolling Stock ^ — Locomotive engines * . . . . 

Cars: — Passenger, 8; baggage, 4; mercliandbe, 121, and gravel, 20, 



. 10 
.153 

The Worcefifer and Kunhui Mailrmid Cmnpany is a conaoHdutioii of the Wor- 
c<^rS.ter tind Niishua of Musaachuj^etts aud the Nashua and Groton of New] 
Hampshire. 



MASSACHUSETTS -WORCESTER AND NASHUA. 



IGO 



Tho Worcester and Nashua Railroad Company of Masaachosetta was 
churU^rcd in 1845, with fiuthonty to unite with the NuBliua and Groton Rail- 
road Company of New Ilaiupshire, and with authority to purchase tho Wor- 
c€€ttei" Branch Kaihoad> The Nushuu and Groton Railroad Company of 
New Hampshire was chartered in lH4t, with mitliority to eonstrucL a rail- 
road from Nashua to the boundary line of Ma8,'*ai*hu8ett3, there to connect 
with uny line of railroad constructed to connect with it. Both chartei*s con- 
tiiined provisions for the consolidation of the two companies, which was 
effected on the 6th November^ 1840, under the name of the Massaclmsetts 
Company, The work of construction oa tlie portion of the line lying^ in 
Mussjichusetti* was commenced in 1840^ anti the road opened for it^s whole 
length on the 18th December, 184S. In 1847 the Worcester Branch was 
purchased. 

BiiAKB Capital— Authorized, ^2, 100,000. 
Paid in, - 1,140,000. 
The first snbecriptionB to the Capital Stock amounted to $754,600, in $100 
shar^. Of this amount $250,000 wei'c eubacribed by the Ntirwich and 
Worcester Railroad Company, on which $100,000 was paid, and thts fiub- 
Sdiption abandoned, reducing Ihe Share Capital to $504,*500. In July^ 1848, 
an isfijue of stock was made at 5(^ per cent, of its par value, the privilege of 
subscribing to the same being Jirst given to the old Htockholders. Of this 
class 7,654 shares were subscribed, producing $382,700. In 1851 an act was 
obtained authorizing an i^^ue of Fnfen'fld Stock upon the following condi* 
tions : parties holding old shares, on the payment oi $100, and upon the 
surrender of five ahnres, were entitled to receive six shares of a six per cent. 
Preferred Stock. Under this act all the old shares, (with the exception of 16, 
which were subsequently purchased by the €V>mpany and cimcelled), were 
converted into Preferred. The new shares issued were 2,5IJ7, producing 
|ii53J0(}. The whole Share Capital now outstanding is of one class* 

Funded Debt — $150,000: in detail as follows — 

111 Mort^tfQf^ per c^nt, ccupmi hondt * .$150,000 

—dated 1st November, 1859, and payable in 1| 2, 3, 4, 5 and 6 years; inter- 
eat payable on tho let May and 1st Nov., at the Compnuy's olfice. These 
bondi* were issued to retire nn ef|ua! amount of bonds fidling due on the let 
May, 18G0, and have been sold at par. The whtile of old bonds falling due 
ou the 1st May is $104,500, of which $44,500 are to be paid from the enrn- 
ings of the road. 

Floating Dkdt — None. 



PuMfiirer e&rniDga 
Kspi 



IiecoMB Account foe the Ykar ENDrxa SOm Nov., 1859. 



•96J32 

111,923 

4,6*26 

1,800 

1364 



.1216,444 



Fuelf otl, vnatfl, etc. 

Mnioleiiiuioo or rood • *» • 

Repairs of roUing ftock • 

^*- of bridgoa, lUiiom, oto • 

T&xei and Insunuioe 

Facseager axp«QM< • * •• 

Freight ** 

Oenoral " -• - 

Tntf»re«t - 10,654 

Blvidcndi^, Jan. and July 60,B<9^ 

Surjjliis oamiags* « > • • 22,702 

Tutftl §216,444 



•22,462 
29,378 

20.on 

6,979 

1,397 

12.623 

1BJ25 

14,626 



16G 



MASSACnUSETTS^WORCESTEil BRANCH 



Cost of Road an t> Equipment — $1,3*28,898: in detiiil m follows 

GmdautiuD And mafiourj * - J464,7lQ 

WomJen bricJgos^ < * • » ■ 1 2,364 

t^uperttrueture, includinif iron • » 4H,3?3 

StiitioDa, builtiiiiga ind tlxturej • 79,468 

Landl, liind'tlHmAgeJi tt.iid l<}ti(;ea * 185,MJ 



LocotDotiro ciugiues- *••**••« 
Passfluger and buggagu cmra > 

Merchimdiafl eAin 

Kng^meeriog •-* 

Agtiucius und otber espeiues- 



Gekbral Ledqkr Balance Sheet, 1st Deo., 1869. 



Dr. 
Coetof road"-. - «l,187,fi37 

" oquipment •»• 140,961 

Cwh 51J95 

Bills ree«iv»ble'> •♦*-••"••* • • *75 

Wood lota, $6,152; lumber, r2,665^ ^*- 8.717 

JSundry accounti * * - 7^023 

Mntedikid on hfuid • • 37,138 



ToUl 



'#1,433,863 Tot»l 



Share capital •* • 

FupiJed debt--- •« 

[IriL'ltiiui&d dividends** > 

Dividendi* due J&iiuary, I860* 
Ecflcr vtid iacomo * . . -« . • . . * * « 



Year. 

1849^ 
1S50. 
IftSl' 
135i< 
1853. 
1354. 
18&6. 
1S&6. 
18B7- 
18&S. 
1869* 



Cost 
5f Road. 
•1,361.527 
I 4iO,197 
i;;i09,564 
1,3-21,945 
1,343,593 
l,394JUi 
1,351,271 
1,351,271 
1,375,863 
L328,e97 
1,328,997 



C0ST| EAKMNGd^ ExPENSKS, ETC., yEARLY, 
Mile-^- — — — GroM Eartiin^ii- 



age. Pasfl'geM. Freight MaUn, etc- ToUL 

4567 «70,007 134,154 13,964 $198,125 
45 67 66,217 62.627 5,594 144,438 
45 67 85,208 63,943 
" " "" "" 69,704 



4567 88,436 

2567 99.789 79,149 

4567 107;i33 93,958 

45 67 103,109 94;4ol7 

45 67 107,758 103,860 

45 67 U>6,(M7 

45 6/ B5,5n 

45 67 96,73^2 111,923 



4,640 
3,970 
3,460 
5,923 
7,234 
5,269 
94,180 7,101 
92,043 7,573 



153,791 
162,109 
182,398 
209,119 
204.780 
216,887 
207,328 
185,127 
7,789 216,444 



Ope rati &s 
Expenses. 

•66,006 

76,064 

76,961 

82,995 

00,592 

114,729 

116,9(«2 

121,702 

125,598 

101.278 

122,200 



llyB.$14,8e2,723 
Aver. 1,352,975 



602.37 1,036,146 
45.67 94,195 



891,978 
81.089 



62,422 1,990,546 1,094,027 
5,674 180,953 99,467 



Net 

Eamiogi. 

•42,119 
69,374 
76,930 
79,114 
91,906 
94,390 
87,878 
95J35 
8K7:*0 
83,849 
94,244 

896,519 
81,601 



$62,953 
» 17,613 
. 60,496 
* 31,063 
. 417 



.1*1,141,000 

. 194,500 

862 

30,444 

67,047 



••1,433,853 



^— DlT— ^ 
• p c. 

nU. nit 

28,521 21 

56,331 4| 

66,325 41 

76,039 5 

'34,249 21 

30,444 2 

60,888 4 

60,888 4 

60,888 4 

60,888 4 



535,461 
48,678 a.3 



WALTHAM AND WATEKTOWN RAILROAD. 
WEST CAMBRIDGE RAILROAD. 
WEST ROXBUKY RAILROAD. 

(Sfifi Bostm at If Passm^er RaUroads^ postea.) 



WORCESTER BRANCH RAILROAD. 
{Nmc a portion o/ th^ JToreeJttfr and XanhtM Railroad.) 

Tliis was a local roftd (0.55 miles long) ehartered in 18R8 and conatnicted 
in 1H44. In 1847 it wiis puretu^sad by the Worcester {*nd Nashua Railroad 
Company for $7,142, and now foniiH the connecting link between the road of 
this Connpany and the Western Railroad, 



^li 



^ 



MASSACEUSBTTS— BROADWAt HORSB. 

BOSTON CITY PASSENGER RAILROADS. 
{FitMncta! ^emr aidifi^ 30/A N&mmhm-^ 1859.) 

BOSTON AND CHELSEA RAILROAD. 



167 



DiRKC-niRs, 1859-60^WjlIiam W. Whdldon, G. H. Hubbard, J. W. Eraerj, Estes 
Howe, Joseph H. Converse. 

%^%QrH OF Road — Mam LifUj ll|4yi feet j second track, 3,<>87 feet. Sidings, 862 ft, 

Eat/iPMCNT Furnisbed by the Maiden and Jlelrose Company. 

Chart4?red 29th April, 1854,- completed *iOth November, 1858. Leased 
to and operated by ibe Maiden and Melrose Corapaoy, which pays for the 
use of the road 8 per cent, per annum on its ctJKt 

Shaek Capital— Authorized, S30i),0(Hl, in 3,000 $100 shares. 
Paid in, - «14U,0(I0, in 1,400 $100 ahares. 

Cost or Eoad, etc,^ — ^8140,000. Built by contract lor this gross amount 



BROADWAY HORSE RAILROAD. 



DmtCTORs, 1839-60^Setli Adams, S. G. Howe, Henry Souther, D, L. Bradford, 
G, [L Eversun, 

LcacGTU or Road — Main X*W, 13,546 feet; second track, 6,836 j aiding^, 550 feet. 

Eqctphcnt — Furnisbed by Lessees: 12 c&r?, with hordes, etc., which cost $34,450. 

Chartered tiOth April, 1854; completed in March, 1859. Leased to and 
operated by J* C Gipcion & Uo, who pay for the use of the road 8 per cent. 
per anDUin oa its cotst 

Bhabk CAprrAL — Autliorized, $150,000, in 1.600 $100 shares, 
raid in, - $r>3,000, un 000 ** 

FvNpS0 DfiDT None. | Floating Bkbt None. 

Od0T of R(jai> and AppunTKNAScifls — $53,403, viz. : puyraents to contractors, 
$4(i,t)72, and general espenses during conatructiou, $6,731 

OpBRATtoNa roft THE Ykar— TripB made by curs, 48,048; miles run by cars, 
19*2,192 ; passengers carried, 1,003,285. 

Lksssx-s Account for this Year endiso 30th No?«mdeii, 1859. 



SdeeipU— 
V»mmnji«r aarnitigfl »•#•#••• 

>UU " 

SaUi» of manure ...*** 

Efl««tpta from uthor iouroef • 



• •50,055 

* 4,200 



-164,893 



D ish urgemc nU— 
Roatlwaj exiHinaei- • • • •< 
Kquipmeut «xpeii0ei** > • 
WagcA to GfiipluyDei ** * < 
Tuxe(« aod LiuurADoe** - • 
Pro?ondoT for horses* • • ' 
MuMUftoeaai expeoMi ' 
Loss on hordes < 



§500 

• 2,575 

■ 16,690 

..- 6l<) 

- 16,250 

' 660 

4,30rJ 

laoidentALi And 8»Uuiei« •«*•...> 6,6U0 

All other expenses ♦,.,......,. 600 

Charged Ui depreoUUoo 7,400 

Eunjitiga lets ozpomes ...,.,,...- 2J4 



Total- 



*i5i,693 



168 



MASSACHUSETTS— DORCn ESTER. 



CAMEHTDGE RAILROAD, 



Directors, 1859-(K) — GardiBtn- G. Hiibbani, W, A. Saunders, Bates Howe. 

LE.NCTH OF RoAi>— Mini Line, 25,-355 feet: %\ trnck, 38,403 feet ) ... 4 r4i* n, 
Bramh Line, 31,511 feet ^ 2d track, Done. ^^utrngs, 4,640 ft. 

EQurpMKNT. . • • • * . * .Supplied by tlie Union Company. 

Chartered, 25lh Mt\v, 18ij3; conatrucliim t-^ojiin need 1st September, 1855» 
and forupleted 20tli Miireii^ 1850, J^eased for 50 years from tli<j diite of 
eliarter to Utii<>n C'oiiipaiiy, whit^h pay^ as rent therefor nine per eeiit, per 
annnm on the share eapitfil, the iiiterent on the conipaDy's delit, and two jier 
cent, per amiiHTi on tlie mortgage debt j» a winking fnnd for its redeinptiiin, 
and e<|uips, operates and repairs tlie roud. This was tbe lii-st eit}^ pas^ieiig^jr 
raih*oad in Boston. 

Shake Capetal — Autliorized and paid ia, $^00,000, in 3,000 $100 ehares. 

l*uid \n eash, SO,UOO, and in work and nmterluls, $29-1,400 

FuNDKi> Dkut — $174jG00: cUii^sified as follows: — 

1st Morfff(f*j*^y *> p^r cefd., i^tnkinff fiOtJ^ toupon Immk * $150,000 

— date:! Ist .January, 1856, and payable, prineipal let January, 1881, and 

coupons geini nnnuahy, 1st January and Ist July, iii Boston. 

Unsecured pet* cmt. hondi ^._ .__ __S24^600 

Cost OP Road and Appuhtknanck?^ — S4!!ilyH77: original work by coq tract, 
8404,600, and additional work, 810,777. 



I 



DORCHESTER RAILROAD. 



Directors, 1859-'U0~EdwaKl King, W, R. Clurk. John J. May, and Wm. Hendry. 

Length of Road — Main Lint 25,200 leet. 8idingp, etc., 1,530 feet, 

EqetPMENT. » .,,.....,. Supplied by Lessees. 

Chartered 29th April, 1855, Pureha&ed the corporate property of the 
Boreliesler Avenue liaih'oad Company in Jar.uary, 1858. Leased to Gore, 
Kuae & Co., who piirehaiied tlie ei|nipnient and have operated tlie road t^tnce 
June 1, 1858, paynig f«>r tlie u^e thereof a rent espial to ei*^ht per eeni. per 
arrnuni on the sluire capital, and also taxes and insuranee. The Dorehesl^r 
Avenne Company wub chartered 21)th April, 1854, and completed its road 
in the spring of 1857. 

SuAiiJfi Capital— Autliorized, S:iOO,OOf*, in mm $100 shares. 

Paid in, $87,900; in ca&^h, |>77,U)5, und work and muterials, S10,735 

Cost of Egad axi> AppunTKNANCEs — 8132,024, viz,: ^118,150, being the ori 
ginal eoj^t to the Dorchester Avenue Company, and $13,874, being 
tho cost of land and buildings einee acjijuired. 

Incomb Account fok tuk Ykah kndi.vo SOtu Novemder, 1850. 

Reutfrum t«a0e«9- »* » S5,80S 

Maili' • * ' 19 

Olher sources, miiUTitilflj loU, etc* ..•»... 2»745 
JSurpliu fiotn lB67-'68 - - • 216 



Jiisburacmtnis — 

I SjilaHep, elo •* 

I Dividend, 7 i per eeni 
I Lndii'i'leJ urpjua 



Total- 



.^,7BC ToUl 




MASSACHUSETTS— MAL0EN AND MELBOSE. 
T>ORCH ESTER EXTEXSION RAILROAD. 



169 



DrwccTons, 1859-^60^-^0 1 leever Newhall and Stanley Gore. 

LicNGTU OF Road — Main Line, 7,280 feet. Sidirtgs^ etc, 228 feet, 

EquiPmHent , ... ^ .......,♦..,♦**,. Supplied by Lesset^s* 

Chartered, 18th February , 1855. Le^iised to Gore, Rose ^ Co., who pay 
aa rent therefor a s*itn equiil to eiorht per cent per annum on the cost. 

Baahe Camtal— Authorized, $50,000, in 500 glOO ahartfs. Paid in, $12,000, 

Fdjided DicBT-. -...,._,*, ..None, | Floating Debt $233 

Cost of Hoad and AppimTENANCEs^ — 812,000; built by contract 



MALDEN AND MELROSE RAILROAD, 



DiHcCTORs, 1850-'0O— Win. .J. Eiinv-^, Mohck M, Rice, A, G. Peck, E. F, IL>dges, A. 
E. Jylioiinot, W. A, 8atn>ders, R. E» Demmon. 

LcHGTH OF Road — Main Line^ 18,U06 ft:et* Sidings, etc., 460 feet. 

EarrPMr.NT — Cft*is, 58 J horses, 474 ; vij;. : uii Af. k M. RR., 31 cars nnd 2G0 boises ; 
on B, *S: V. RR., 6 car* nrid 7- lioi-sea ; on Mid. RR., 21 ears and 142 horsu«. AUo, 
nuinerous nnnnbn.sRes, sleigh^t snow* plow^s, etc, 

Chnrtererl. Ctli June, ls.'iG; ruinpleted, 19th July, 1858, The company 
f^ommenttnl btistne^.'? on the J^^L A [nil, 1858, leasing the Middlesex and the 
lioston and Chelsea RailruiidB {trkkh uf). 

SuAHK Capital— Authorized, 8200,000, in *],000 $100 shares. 
Paid in, - ^200,000 on 2,000 8 100 shares. 
— \n cash 81t>5,000, and in work and nuitenid^ $J5,000, 

FuKDED Dkot — 820,526, viz. : Lst iinnigage boudd^ $14,200, and three real 
©state bonds lor «uiall aums. 



FLOATi?f(i Dkjit— $46,700. 



'JoST OF RoAi> AND Eql'ipaien T^ — 82iJt>,5G2 — namely : Road (at* per contract), 
$51,080, and equipment (iiu^luding ihut fur the leased roads), $211,882. 

OPKRATtONs FOR TUK Veaii 185.H-t:>— TiipH by curs, 92^630 ; miles run by cars 
478,778; p a^sen ^^e rd e n r ri e d , 2 , 4 2 9 ,5 1 2, 



Income Account for tuk Yeah enuino 30tu November, 1859. 



I^MMUi^r OArniogs " 

Ad«i c>f mauura **> -• 

IUo«ij>tj frum uttiorsoiirees- 
Sarploi frutu 1657 -'oB 



• 1135,154 

* 1,161 

I.UH5 



ToUJ - 



.^13S,G'i4 



Roudwtij' ' 

Kqui^mutit 

Reftl eslAtc repairs • < « . • 
Wagei bo flmployuoi ■ *•> 
lui^TQst and coutHiiiii' ' » ♦ 
Tuxes uod m^urttiiee' • • • 
Kufit ta utber companiet- 



12,753 
4,3GS 

48,01*4 

l,i22 
27,;J41 



Provomitsr Tor bureoi • 28, 1 B(> 

Ijiiaii oii h.or8«ifl ^ * • 2/iU7 

ineidewUla - B,287 

Atl other exp^Mwou • 2,S16 

Diriilend, Jl per ooDt 7,UD0 

L'udividoil sturpltu. ..«.,,., ,^*, 2,662 

Tutal - »138,624 



170 



MASSACnUSETTS-MIDDLKSEX. 



Gexeeal Statement Ist December, 1859. 



CohL of e4|Uii|)tiieat* 



$57,630 
211,932 



Totol< 



<t269,B6^ 



Shiirc capital - 

Murlguge bouda* ♦ • • •* 
Tvru real odt&to bondfl . 
Roid e^tAte bond** •• ♦ 
Fttmting Dobl -•■.... 
Profit iLud Low 



Totftl 



•t2UO,00(l ' 
' 14,200 , 
. l,H2S 

• 46JD0 
*62t>9,562 



METROPULtTAN RAILROAD. 



Directors, 185000—3. M. Wel^l, Henry N, IIcHi^ier, George W. Warren, Jobn 
Flint, VV. J. Keyndds, A, iu Greeley, Tlioiriaj* Ui>liam, Edward D. Pcter« 

Length of Roaj> — Mnin Lim, 17,535 feet 
Branch Lhte, 



r,535 feet : 2d track. 9,557 feet. } o- r- a coe e * 
3.i,7-l7 ft.; 2d tntck; lU,tt34 '■ J Sidings, 2,586 feet. 



EtiuiPMEN r— -(Jar*, 63 ; horses, 590. 

Chartered 2 Ist May, 1854; completed, Ist Doc, 1856. The franchise 
jind prtjperty of the liruuklkie Ruiiroad Cumpaiiy were piirchas;ied by tlie ^ 
Meliopohtim O^npuny io 1850* This Gampuiiy iilsu tiperute:? tlio West 
Koxbur^^ Ivitilroud. 

SuABE Capital— Aiithorized $800,mH), in 8,000 $100 shs. Paid m, $470,000, 
Funded Debt _ ^55,045. | Floating Debt ^.§40,846. 



Cost o» Road 

Qraduatiun tind truck laying ......... $33,5 IB 

Tiiiibur lof louudatiun • 'i;i,T98 

Hikila, ebiiira^ ^pikoB, etc- ill,(>83 

i^l^'emerlti » • • 48,305 

KugiuQuriti^ ..........,..,, t>,25l 

Mldc«lluDUijii8' * • • • 8&^7 85 



$545^187 : in detail as foilowa — 

Car* - 

Iturstii • ' 

Umuibuioit, sleighs, etc ••>-*•. 
8iiuw-plow»^ barucMf etc •*•••> 
Lund itnd buildiagB* 



70,706' 

.-...* 37,433 

16,8i>8' 

24,030 

Stiible^, etc^ on Itkad not ownftd *• ^fiSH j 



In€umk Accoont for tue Year ending IOtii Novbmbba, 1859. 



PmueuguT eiinnngs * . - - $302, 1 65 

MftU '' ^ - 278 

S«lfl« of maouro 2,830 

All other fourtios 1,170 

i>ui|>lui from 1357-*B8 - 34,3Wy 



Total ■ 



*$3^0,&32 



Rcwdwuy*. $4,046 

Ibdimg atock - • • - ♦ . . 15,9^:2 

Stables, offices, Ct« - li*^.i 

Wag^s U0,62TI 

1 11 1« rest, Uizes and insuranca • §fifiT 4 

Kent Ui Dthor roads 3,231:] 

Provuuder 75,211 1 

ijuiidry — • • • Ei3 

L«i*a ou Uurses •♦•*... 1 1 ^799 J 

SttlAi iea <ind incidcQttt-h- ■»••.. - . 25»90l 

Beprociatiun of li I'c etook lU^iJOO I 

Syrptus incotQe ' * 3&,458 I 

Dh idtmd, lU per cout * . 45,000 J 



TuUl 



$340,832 



MIDDLESEX RAILROAD. 



OlRBCTORs — J. H. Blake, A. Fi-^lc, F. Darnicott, E. F. Hodges and Q. W. Palmer. 

Lcnqth or RoAi> — Main Line^ 18,417 feet; second trftckj 10,119 feet, 

Brmtch £#0*f^Somerville Brnucli, 2,216 feet. Bonker Hill Bi'*cb, 5,633 feet. { 
Switches, »idiiig!i^ turnouts^ and other tracks on main and brnncU liiie.^i 034 (Uj 



MASSACHUSETTS— SOMERVILLE HORSE. HI 

Equipment Supplied by the Maiden and Melrose Company 

Chartered 29th April, 1854; completed in 1857. The road is operated 
under lease by the Maiden and Melrose Company, which pays as rent four 
per cent, semi-annually, on its cost, and all expenses of repairs, etc. 

Share Capital— Authorized, $400,000, in 4,000 $100 shares. 
Paid in - $295,100, on 3,000 " " 

Funded Debt None. | Floating Debt None. 

Cost of Road and Appurtenances — $295,100. No detail — the road hav- 
ing been constructed under contract for this amount in gross. 

Income Account for the Year ending SOth November, 1859 



ReceipU 
Rent from leasee. 824,146 



ToUL «24,146 



Disbursements — 

Expenses 8538 

Dividends, 8 per cent 23,608 

Total $24,146 



NEWTON RAILROAD. 



Directors, 1859-60— W. C. Strong, G. Fuller, I. Pratt, jr., and S. L. Plummer. 

Length of Road — Main Liney 2.87 miles. Sidings, etc., 0.13 mile. 

Equipment Supplied by Lessee. 

Chartered 30th May, 1857 ; comploted 15th November, 1858. Leased to 
a private company who operates and equips the road and pay as rent there- 
in 6 per cen^. on the cost. 

Share Capital— Authorized, $150,000. Paid in, $26,000. 

Cost of Eoad and Equipment — $25,941 : in detail as follows 



OndoAtioD and foundation ^,950 

Alterations, etc 2,233 

Rails, ipikea, chairs, etc 9,509 



Engineering $1,084 

Interest, etc 6(>4 

Land, stables, etc 2,500 



Opbbations, 1858-9 — Miles run by cars, 47,233 ; trips made, 7,991 ; pas- 
sengers carried, 290,420. 



SOMERVILLE HORSE RAILROAD. 



Directors, 1859-60 — George 0. Brastow, G. T. King, Enoch Robinson. 

Length of Road — Main Line, 20,5 IG i'eet. Sidings, switches, etc., 898 feet. 

Equipment and Cars Furnislied by the Maiden and Melrose Company. 

Chartered 26tb May, 1857 ; completed 10th July, 1858. 

Shabb Capital— Authorized, $100,000, in 1,000 $100 shares. 
Paid in, - $68,000, on 680 " 

FinrDXD DiBt ..None. | Floating Debt 

Cost of Koad and Equipment— 867,870 : in detail as follows — 

load aad iapenlnictare 959,500 > Omniboses, sleighs, etc 

tvwt7«tlir«a honef 2,875 | Salaries 



172 



MiSSACHUSETT3-WEST ROXBURT. 



OpERATToxg, 1R58-0. — Trips ruQ, 19,406; miles run by cars, 53,863 ; passen- 
gers carried^ 178,101>. 



InCX>MB AcCOtfNT FOB TUK YeaR BNDINO 30tE NOVEMBER, 1859. 



RecMpts — 
PiigMDgor earoiDgs- 

MMnare *• ♦ -^ 

Otbsr J 



.$8,267 
' 130 
• 4&B 



Total - 



• 18,852 



Butbu rsem entt — 

Oenurnl r«pftir«"." •• * 

\\*&gi*» to cmpIojGCA ....*» 

Interest and aundrtes - - - • ♦ * 

Pmvpiidcr ■■"'•• 

InrideiitAil expcmea &nd lalariei - 
Sur|}lufl income ■ 



TataK 



< #401 

• 3,298 

. lot 

• 1,702 

• 316 

.•8,862 



WALXnAM AND WATERTOVVN RAILROAD. 



Directors^ 1859-60^^W. Wt'ite, Francis Kendall, Chnrles Davenport, Geo. Frazier 
and H. P. Pag©. 

Length of Roaj) — Mount Auburn lo Wiitertown Depot, llj266 feet. 

Equipment .,.*,♦, Fnmblied by tbe Uiiion Company, 

Chartertnl 19th May, 1855; construction commenced in November, 1856* 
road cornplutcd l^t May, li^bl. Leiieed to UniDri Compiiny 11th April, 
1857, fur 10 years, fruiii date of compluUon for $1,509 per annum, wjlIi the 
privilege of reuewul for 5 years. The lessee keeps the road in repair. 

Smare Capital— Authorized, 8300,(100, in 3,000 $100 shares. 
Paid in, - ^ 17,200, on 1200 » 



Cost of Road and AppuiiXENANCKs — ^$19J00: in detail as follows: 

E]COftvntinD for foundation '34,100 

Timher for foundation • » » • I fiS.i 

Kails, chain, ipikcs, elc • • » 9,957 



Etijatineerin^ $85 

1 ntt TPHt lind incltientals • • 1^666 

Depot Biid stables at Watartown. 2,209 



WEST ROXBUP.Y RAILROAD. 



DiRECTOfls, 185D-60— J, G, VVehl, S. M* Weld, and Charles Brewer. 



Length of Road— Mam Lhu, V2U riiik. Seconrl track, 0.07 mite. Sidings, 5G7 fest 

Chartered 28th May, 1856^ completed Iwt December, 1857* Leaded to 
tlie Metriipolitan Com|>atiy, which pay 8 per cent, per annum on the capital 
invested. 



Share Capital— Aiithori?',ed,$400,0iH> in 4,000 8100 shares. 
Voted by shareholders and paid in S 10,400, in 404 ** 

Co&^t of Road and ArnfiiTKNANCKH — $4;i J37, in detail as foOo^vs : 



Kxcavatifin mid irmk liiying ■ *»•...-*. .t7,.50U 

Timber for rouiidiitioTi- ■ - 2.600 

Nuili, epikc§, &tc- - 13, IW 



.■sundry expcn*ef, ♦ ,.**.....,., 1,38ft 

Lnnd iind building^? pnrctiaaed' • * » • 4,600 

liuildinf^.? erected on knd not owned* - ♦ • • 8,679 



Income Account for tue Veak emuno 30th Nov»mbkr, 1859. 

Rectiptft^ ' Di^bursemtnts— 



Rent from Ii?8«e6 - • • - 

8andrtQ8 - ■- - 

gurpliu from 18&7-8- 

Total 



80 
4 



IntMdootiil oxp^naefl.' •' 

IhvidiSDij ' • • ♦ 

Surplus aficr dividend - 

Tutol ' 



• 164 

* 3,332 
^ 20 




MASSACnrSETTS-rNION, 
WEST CAMBRIDGE RAILROAD. 



173 



Directors 1859-*G0— John S^bonler, Je^-ie P. Pattee, Benjamin Poland. 

Length or Road— >f/t/* Liue^K2Z5 feut. Sidings, turnoiitf*, etc*, 498 feet. 

Chartered 2Sth May, 1857; corntiletetl 13th June, 1859. Leased and 
operated by the Union Railroad Coiupany, the lesaeo paying for the use of 
tb© road $1,500 per annum- 

Shark Capital— Authorised, $50,000. Paid in, $11,350. 

Co8T OF Road and Appurtknancbs— 812,250. No detaO. 

FdNDEo Debt, _..*^-..^...- -None, j Floatiko Debt ,,..*..^ $900, 



UN'TON RAir.ROAD. 

Directors, 185U-.60 — James W. Etiiery, 11. II. Stiaif>son, Gardiaer G. Hubbard, 
Est€* Howe and W, A. Saiindcns. 



The Utfton Railrmd Compnnt/ wi*8 chartered on the 15th May» 1855. It 
has no radrnud of its own; hut im simply a trariHportiition company leasing 
and operating the Cambrid]^e tmd other roads. 

Shark CArrxAL— Authorized, S'JOO,uOn, ia '>,000 $100 shares. 
Voted by Company and paid in, SKJO.OOO, iu 1,000 " 



Funded Dkut .--^.-— ...None. | Other Debt, 



,$60,407 



The debt of this CVnnpany fonsist« of four mortgages on real estatep 
amounting to $'26;058, and notes payable, etc., aiiftouutlag to $4tJ,*149. 

OpEiiATmvs FOR TUB Ykar — Tnps made by cars, 85,045; miles run by cars, 
625,229: pasBengers carried, 2,491,006. 

Incomi Aocoont for THE Year ending 30tm Notembkr, 1859. 



ReeeifdM- 

PiU«nj^r camlng« 

TdUb from otbor compAnifri' 

M»ii*.' .' '♦ 

galcf of manure 

OUicr receipta 

Snrpliu rrum 1858 



•188.115 
* 1,000 
750 
. 1,157 
. 3,519 
. 5.839 



ToUl' 



» 1200,380 Total 



Dijiburscment*- 

MdifntGfnaDQO of w«y •• » #7,225 

'' of cart, hamoti, eto. * 9,129 

Ropnir« of stabLen, etc * ' • • 1,431 

Wages, •GJ.OSS ; Milarlesand office, $9,233 72,286 
Int , $2,447 ; laxot and ineurnncD, $2,460 4,907 
R«pt to Cambridge and otbereotopatiLeB* 33,150 
Prurondor ami b«dding for faortoB '•>*.. 35,042 
Mt90(!UEini:oai), $234 ; loss of bono, $6,009 6,243 
All^^thor c*ponJ!<M* • " * • * ........... 13^806 

DividGiid^ $iG,00O, aurpluf, $1,162 17,162 



^$200,380 



General Statement, Ist December, 1860, 

Dr, 

Forty-p%lit <?jini 

T*ro hundred and ninety -one horMS' 



$31,717 
32,737 
600 
42,637 
10,901 
14,471 
20,376 

59i«s of siockboldeiB 20,U5 



OmDibuM'», ^Iflif^bii, etc- 
Laud and bnildtD|j;^» purcbiu«d«> •• 
8t«blet, ctf'., on laitd not owned- < * 
Harneea, eic-« and elnbla fumitara- 

Snndriei, profit and lo«a, etc 

Aratlable anoU* 



Total. 



Sbnre capital . .. • * 

Debt '". 

Undind«d aurploi* 



Cr 
.$160,0(JO 
• 69,407 
. 1,102 



$230,560 Total »»* $230,569 



^^^^LAWS OF THE STATE IN REFEKEXCE TO RAILROADS 


^^V hml of all the Ridiroud Cotnprmies chartered in the State of Massachu- 
^^H setts, with the dut^3ft of the AcU of their incorporatiou ; and uldo the dales 
^^H and abetract« of all hiws passed by the Legislature in reference thereto. 


^^^1 Tho Mtfiflvk [*J pr«Ajced mgnifiei ihU tbci work pf i.Kitiatru<'tiou has nut been comiuenced. 


^^H Corponae TiU««. 


LllWB. 


^b^tractf of Lawfl. 




1946. p. — 

1847, p, — 

1848, p. - 

1861, p. 622 
la^i, (K 178 

1852, p. 126 

1853, p, 466 
1656, p. 167 

1857, p 46:i 
1851*, p 227 
1848, p. - 
ia5l, p. 769 

1853, p. 539 

1854, p. 21 

1856, p. 44 

1858, p 66 
1837, D. - 
I83y, p. - 

1833, p. " 

1834, p. ^ 

1836, p. - 

1837, p.- 

1852 p. 124 
1854, p. 283 
1656. p. 16 

1857, p. 4&8 
lR47,p-. 

1848, p. — 1 

1849, p. - 

1850, p. 291 
1346, p. — 
1837, p. " 
1842, p. — 
1845, p. — 
1847, p. - 


Act of ineorporntioii^ Februnry 24, 

Afl of inciorjjoratiun, April 26. 

Time Djuteudvii for euuiitructiot]. May imke 

with FniiiitngbAm Bmnoh KH, April ^1. 
Act of iDtJorprjiriitioti KTivod, May 7. 
TicDtt of li>ciitioD. etc., cxtemlcid^MHy 18. 
Mi%y cxteud ron.d uud iuereit;se frtuok, MiiJ 5. 
Tittki! (»f lotijitkiti, L'U*,, uxt«!»dt^t], April 23. 
Tirao of eoiLPtruetkm extended, Mny 3L 
Tiin« of constrwctiun extended. May 30. 
TtLUf] ol coti&trbjL'iioii uxteinkd, FubruiifJ 3. 
Attof IncoriMration, April 10, 
Aul of IncorixirMntion, May 24. 
Time of tocalion, «W,, ©stcmJed, May 4. 
TiiHo of loeiiiiDn, «t{:., cxteiidfd, February 24 
Tima of looiitiou, cto , extftoded, April 3. 
Time of location, tdt?., cxtenditd, Aluroh 26. 
Al'I to Hid the coo«truction, April 18. 
May iticroa«o capital stock, aed chuo|i^ namo 

to Button and Purllftrid, Railroad, April 3, 
At:t of iiiLor|Xtnitinn, Wurrh 15. 
Tini« extended for coiJipleli">ti, Mnrch 31. 
Miiy construct road from Andovcru>U:i?crbUl, 

April 7. 
Mny eonstruct road from Brad ford to Stole 

line of N(^w llnnipsthira, April 6. 
Act of iiH'orpomliou. May 3. 
Time of bcAtian^ etc., extended, April 28. 
Time for eonatructiou flxtonded, February 26. 
Cbartor Jimondod, May 13, 
Act of incorporation, April 26. 
Time for location cxtomioJ, April 14. 
Time for location extended^ ftlarcb 24. 
Mny fonatruct a marinu railroad, February 12. 
Aot of ineoTportttinn, April 16. 
Act of int'or]H»nition, April 13. 
May uoilis wilb West t>ujckbridge RU^ McIl 1. 
May conjtract jv branch, March 15 
M»y construct a ro«d from Wfjst Stookblidg* 

to Wo8t«n5 Rnilro*d, April 26. 
Act of incorporation, Mnrch 2. 
Act of iueorporatioii, Mur^h 9. 
Act of incorpontion, April !J0. 
Act of ineoqwrfttion, April 18, 
Time of conistructiuo oxtQadod, April 24. 
Time of conairuction extended, May 12. 
Time of construction extended, A|tril 15, 
Time of conitruction extt'iid(?d, April 27. 
Time of cooetraction extended, xMaa^h 14, 
Act of iacorpijration, April 29, 
Time of paying capital extended. May 17, 
Act of 1854 nuiended, April 2B, 
Time of conatruciioD, etc,, extended, April 14. 

17-1 




^^^^^^^H^ 


^^^^^H 

^^^^^^1 


^^^^^^^M 


^^^^^^^^ 


^^^^■^ 




^^H AMBIKR8T & BlcLCEIlBTOWlt -•••••<• 

^^^^^M 

^^^^^V 


^^H AUDOVBR A WtLMtNOTOH, - 


^^^^^^K ,,..*,.,, 

^^^^^^H 


^^H ^Bjiitiix A North Baook ri s ld • • - - • 


^^^^H UAHUb a It UMLfcBl HH. " • ■ ■ 


^^^^^H 










^^^^^^^K 


^^^^^^H 


^^^^^F *Flirifif'^niim' k Nrw ITiiirr - - 




isss' p! 372 
1862, p. 85 
1848, p. - 
1851, p. 591 
1653. p, 589 
1856, p, 60 
1957, p 469 
1869, p. 272 
1854, p. 362 
1865, p, 761 
1956, p, 73 
1857 p. 441 






^^^^^ *Bo»Toif, Bakek & Gaudinbr • 

^^^^p , 

^^^H , , 


^^^^B III 


^^^H 


^^^^H 





MASSACnirSETTS-RAILKOAD LAWS. 



Corpomle Titlfts, 



BojrroNA Loweli.' 



Boston k Mains- 




BotToif ^ Maine Extexsiok- 
Boiit>jv MARi.fE. 



BoafOJi k Kkit Youk CJfiiTiiAU* 



A rijfTJiRIO' • - • • 

m Sk PoHTLAJfO 

^Bmmn, PjiuvuieifcK A Taunton 

4 Tiurron 

Bo«Toar k WuRCRSTBa ♦•• 

M *t 

« «* 

n *♦ ♦.*.. 

■ » 

a M 4 . 

m ^* 



APK01fIl>l»C«*>*»^ 



Lavta. 



133^, 
183!, 
1832, 
18i4, 
1836, 
18;i8, 
1847, 
1847, 
1849, 
1849, 
1853, 
1855, 
Idhh, 
18B(i, 
1856. 
1857, 
1857, 
1843, 
1945, 
18^6, 
1847, 

1848, 
1849, 
1855, 
1857, 
1844, 
1845, 
IBMI, 
1852, 
LS63, 
1854, 
1659, 
ISM, 
1856, 
18SS, 
1855, 
195«, 
1856, 
1856, 
1857, 
1858, 
1831, 
1839, 
1830, 
1831, 

isn, 

1331, 
1832, 
lBi3, 
1S41, 
1846, 
1848, 
1819, 
1850, 
1657, 
1S59, 
1831, 
1832, 
1833, 
1834, 
1635, 
1835^ 
I83G, 
I83a. 
1840, 



P — 

P- — 

p, — 

P — 

p. — 

P' — 

P — 

P' — 

V — 

P 

P 

P 

P 

P 

P 

P 

P 

P 

P 

P 

p. 



6ur 

Biti 
6?B 
93 
68 
478 
461 



582 
611 



325 
79 
389 
261 
281 

565 

70O 

744 

15 

39 

la 

41'5 
Ifi 



485 
223 



Abstract of Lkwi. 



1841, p. - 



Act of iiicurpamtion, June 5. 

ShtiTc cupilcil iticreapud, Mnruh lU 

Stuto may pu rub use roaj, March. 5. 

Shftre eApital increfipcd, Junuary 31. 

Shiire cupitAl incr^u^ed, April 6- 

8hiir«i cApU«] incrcieud, April 10. 

May cotuilrftet brjtnchea, April 14. 

May eoualruL't hrtini^h in IkUtura, ApKl 24« 

Mny construct brancb m Li»wr«ll^ Murch 2. 

Act CO n!i ruling loirntion, April iS 

Al)*y cuDAtruct bniiich in B«^»lun, May 25. 

Helutivo Ux ciociiril ruction of briil^fL*, Mny 21. 

Time of completing (>rno(.-b cxUMidcilj April 6. 

Timo of o^jiruplotiog bram-h ex tend vd, Mny 13. 

Muy coiifttruct brancb iti LuwclL, April 24. 

i\Ifty contttrTict, il connuctiug track, Mity 7. 

Tim« of ctiuptruction extended, Mny 30. 

Act of ioct>r{M»rJitiau, March 24. 

To uuita Di^jiion nnd Maine ExtcDiioD. Mcb.l9. 

:^uppl(]mcnt to )u.'t of ineorpuratioii, Maroh 3. 

May contract witb Purtlaod, Saco .and Porta- 

mouthy Marcb 1 1 
May iihnnge braiicb at M^itbucn. Muy 10. 
.May increAse capital et-ock. May 2 
Rclutiv© la location of road, April 6. 
RtiJlative to running; trains. May 30. 
Aiii uf if jL*orpo ration, Murc*h 16. 
Aulhoruud to orect joa wall, March 25. 
Kobilive to wbiirf, March 14. 
Mtiy enter upon Salttm A Lowull HR , Apl. 20. 
Kohitive to *Jruwbridge, March 19 
Eelalive to the LWhilunte wntcr piped. Apt 24 
Authorized to rclocitte anii widen ruad, Mcb. 25 
Act of int'OTpfiratiivn, April 29. 
Time for couj^tructioa extended, Murcb 31. 
Kcltitive to claiittuntA ngalDfll, Mny 3- 
Mtiyiasuo pri'ferred fttock, May 16. 
Retiiillyi; ti> claiuiA for dumugt'S, February 26. 
Muy construct a bridge in l>jrL-hoster, Mcb 29 
Time for coniitruclion eztonded, February 29. 
Holative t43 daiuHgea, March 2B» 
Time <jf eonjitTiietion oxt«nd«d, Febraary 13« 
Act of tacor[H>ralii>a, June 22. 
Stat« loan autboriicd, April 9, 
Act of incorporation, March 24. 
Act of iucorpjration, Juno 22. 
State nuthoriccdt to purchase, March 7. 
Act of incorjwnAtion^ June 23, 
Suppltiittent t4' net inc^^rp^j ruling, March 22. 
Time eitended fur locating road, March II, 
Supptemiint toat^t of incorporntiini, Miirch 18 
May inoreiitfo capital] atock, April 4. 
May increftte capital it4^H'k^ Mr<y 4. 
AnuuAl meetingB eatablished, February 6 
May incrinwie capital stock, February 27 
llcUtive to Iwation of rondjMjiy 9. 
Rclatiro to looatioti of road, January 31. 
Act of incor[>orattoE, June 21. 
State authoriaod to parchaae, February 29. 
Supplement to act i^if incorpurulion, Jan. 23. 
Authoriied to eoujilruct bmnLh, March 31. 
Pru«oedingfl confirmed, March 7. 
May tncroaie capital etock^ April I. 
•May increwflo capital «iock, April I6». 
Aulboritml to purchiutt Seiskonk l^niiteh, Ap.lO. 
May funtnMjl with New York, Prnviiitsnco and 

Bf»Mt<»» Railroiiid Cumpiiny, Marih 23, 
LiiuttalLOD clause in act 1S4U repcuied, Mh,l7. 



^^^F 17Q MASSACUeSETTS-RAILHOAD LAWS. 4^1 


^^^^H CortKimtfi Titles. 


Lawi;, 


AbntrftcU of Laws. 




1843, p, — 

1845, p, - 

IS46, p. — 

1846, p. — 
1848, p. - 

1848, p. — 

1852, p. 164 

1853, p. 553 

1854, p. 349 
1856, p. — 

1959, p. 17 
1357, p. 648 
1859, p. 255 
1853, p 600 
1354, p. 136 

1855, p. 760 
1655, p. 509 

1853, p. 6ii 
1846, p. — 

1845, p. - 

1851, p. 6^9 

1852, p. 110 

1854, p. 19 

1849, p. - 
1351, p, 799 
1831, p. 600 
1852, p. 74 
imS, p. 558 

1855, p. 644 

1855, p. 794 

1856, p. 153 

1936, p. — 
183*), p. — 

1937, p- — 
1B39, p. ^ 
1941, p. ^ 
1842, p. — 

1844, p — 

1845, p. - 

1846, p. — 

1851, p, 670 
1S49, p. - 

1846, p. — 

1847, p, - 
lB47,p, ^ 

1848, p. - 
1848, p. - 

1858, p. 22 

1859. p. 26 
1847, p -- 
1959. p, 306 
1947, p. - 
195^, p. 375 
1950, p. 426 
1957, p. 573 

1852, p. 18 

1854, p, 3 
1655, p. 795 
1856, p. 519 

1855, p. 527 

1851, p. 623 

1852, p. 119 


May iiiainlAii) «i ferry at Pruriiiunco, Mcb- 24. 
Mny «ubs€ribe to iiUxsk of Sloughton Bmncb 

RjiilrrnuJ, Fcbru*ry 20. 
AulhoHxeJ lo incroRso fiApitftJ BttK-k, FeU, 7- 
Aulh«rix«ii to coiiiitruct branch rmuX Moh. 27. 
Authorised to inurciuiiii capital f<turk, April 22. 
Miiy eouMlrut't BeilbAiia Brunth, May 9. ^h 
Authorized to roDstruet n rultrund, May 18. ^H 
Time of annual meeting f hsingcd. May 1 L ^H 
Act uf ineorpfuration, April 29. 
Mn,y extend track Hud u.»e a portion uf the 

Durnh ester road^ Mny 4. 
Miij extend timw at payment on atnck, Fct. 13, 
Act of inoorpiirution, Sliiy UO. 
liict i)f 1857 uuiendedl^ February 17. ^H 
Act of ineorponitioiif Mtij 25. ^M 
Supplement to act of incorfmralion, M»rch 3l^H 
Relitivu to bond.'t nud track of ma^i, Miiy 17. ^H 
HcUtiro to boudj and capital atock, Feb. 21 ^H 
.ict of iacorpunition.. May 19. ^| 
Act of iniioqioration, April 8. ^M 
Timo extended for locuiling road, Feb. 19. ^^ 
Aliij extend road and ineretuse capital, Mny 21 
RcUtJVD to fitock of Nantucket, April 23. 
Niime changed to Capo Cmi, February 22. ^H 
Act of incorporation^ May 1 . ^H 
Act of mcorpiraLion, May 24. ^H 
Time for tooation exttiuded, April 3. ^H 
Relative to loi^atfon, April 20. ^H 
Time for locution extendod, March 28 ^^ 
Time for confttrnctiau cxtendwd, April 2L ^M 
May extend lino, et«., May 19: ^M 
May unite with New York A Boiton, May 31. 
AiH *>f incorporation^ April 4. 

tUdalive to share capiti^I, April 9. ^m 
.Supplement to act of inuMirpmitinn, March 23^B 
Supplement to act of incorpurntiou^ April 8. ^M 
May construct branch roada, Miipch 17, ^M 
RepcuU pmrt of not of 1841, February 21- ^1 
.^nthoHKcd (o Ftmigliten rund, March 16. ^H 
Authoriaed to construct branch, March 26. ^^H 
Relati%'e t^ purchn^o of mad by Fitfit^nB^| 

RAilroad Coinpaoy, February 7. J^l^l 
Act of ineorpomtion, March 22. ^^^H 
Act of incor]>onitioi5, April 20. ^^^^B 
Act of iocofporation, April 10, ^H 
May eoastruct a branch road, February 23. ^ 
Name changed to Grand Junction Kutlrodd 

and Depot Company, April 24. 
May coogtruct a branch mad, May 6, 
Aulbtirited to change Iwation of road. May 6. 
Act uf inc<>rporatjon, Ft-bruary 24. 
Authorized to issue bonds, Mkrch 5. ^H 
Act of mcorporatioQ, April 23. ^H 
Act of ineorporalion, April — . ^H 
Act of iaeorporatlon, April 23. ^H 
Authoriaed to issue preferred «to«k, April IB ^| 
May lease Ashuolot Railrond April 26. 
May unite with Uatapsbircl llnmpden^May 27 
Act of incorpomlion, Mareb \h 
Time of construction extended, January 28. 
Time of constniction extended, January 29. 
May iell to Boston md Maine, March 9. 
May unite w;th Dan vers and GeorgetowD And 

Newbnryport Railroad Companioe, May 2. 
Act of incorponition. May 7. 
May enter upon the Newburrport Railroad tt 

Georgetown, April iO. ^H 


^^^^^^^■1 


^^^^^^B 


^^^^^^B 


^^^^^^m 


^^^^^^^m 


^^^^^^^H 


^^^^^^^B 




^^^^^^1 ... 


^^^^^^^H 


^^^^H Cambridob (HOMS) 


^^^^^^^1 


^^^^^^^^H , , 




^^^^^^^H 'l^AMHRlIHJUl'ulkl' 


^^^^^^^H ^ . .. 




^^^^^^B 








^^^^^^^^H , , , 


^^^^^^^H . _ 


^^^^^^^^^B III 


^^^^^^^ 


^^^^^^^B 




^^^^^H . . . . « 


^^^^^H 

^^^^^^^B 


^^^^^^^1 


^^^^^^^1 


^^^^^1 
^^^^^^^H 








^^^^^^^^H , , , 11,11 


^^^^^^^B 


^^^^^^^H tt It 


^^^^^^^m . . . 










^^^^H «C01IA»KI£T & SCITLATE BlUMCK*-*' 


^^^^^^^H 




^^^^^^H - 






^^^^^^^H 




^^^^^^^H 





UASSACHITSETTS— RAILROAD LAWS. 



177 



C»qM)nito Titlei. 



Bajtem M QKCm&stows* 



iH^iCviiTKii ATBJttrs^- 



Doj|citr»TER Bhajich.* 



I 



l^OlfBRSTRR EXTKSSIOIf • 



4 MlLTOM CXTEKIION 



IHwcsMTt II A EoxutrBY *"-- 
*• " . .. . • 

*Cv3(ttrRT BRAircB • * * ■ 

CiSTKttsr- •• • 

M ,,**.,..,.,,» 

'♦ ,•.«>».»«•«•.•*<■•• 

II ,..*,» ..•.. 

* *..«.,.., ♦ 

II .,,,,,,,,,,.,,,..»« 

" . fr, k «.•...*..>. >^ .. . 

Il 

u , , 

II ,»,,,,,,,,,.,.,,,,, 

4 , , . . 

« , , .,.*.. 

u 

14 ,»,,,... 

14 .,,,,. 

*» *•.■....*... 

I* . , , 

il ,,, 

ElfTOir BlIAKCB.**'* 

*ikn WAUF**ut BBjisrcn.* * < * < 
«. •► •* 

««K. ■ •' 

u » ,., 

I* ,^ , 

M 

H ... t ..... 

r4nuLif sn Bkakcb- • • - 

M U , , 

m »* ,,. 

tt t* 

M " * 

M tt 

*fMHiAf i» Orawitv Ma 111.1 b 

BlVltM B1L4JICB 



Laws. 



186.], p. S27 

1B54, p. 9 

1865, p. - 

1866, p, 34 
IS&6, p. 204 
J857, p 545 
IR55, p 340 
IB55, p, 617 
1659, p. 'ZJS 
1S46, p. - 
1B49, p. — 
ISSUp. 779 
18S2, p. 82 
1657, p 609 

184B, p. — 
leBO, p. — 

1850, p. 411 
1864, p. — 
1857. p. ^ 
1857, p. 603 
1859, p. — 

1847, p. — 

1836, p. — 

1837, p, — 
18^7, p- — 

1838, p. — 

1839, p, — 
1839. p, — 
1B41, p. — 
1844, p. - 
IB45, p. - 

1846, p. - 
lfc47, p. — 
1047, p. ^ 

1843, p. - 

1848, p. — 
!B4i», p — 
1651, p. 750 
1862 p. 211 
laS'i, p. 212 
1&52 p 117 
1854, p. - 
1864, p. 291 

1856. p, 687 
lB55»p 782 
1B56, p, 242 

1867, p 555 
1854, p. 36 
1664, p. 262 

1857, p. 601 
1646, p. — 

1847, p. — 
1648, p — 
1B49, p. ~ 

1851, p. 846 
la'iJ.p. 628 

1849, p — 

1851, p. 602 

1852, p 79 

1852, p. 106 

1853, p 443 

1854, p, 79 
(85 J, p 124 

1844, p. — 

1846. p. — 

1847, p. — 

23 



Ahntmctii of Lawn. 



Mat unite iritb Nowbnry|K»rt aud Bnnteri 

Rftilro»ct C<»tiipHnit»B, Mwy 2 
Time of rcnftrurtion pxtem)4<ir1, Jnnunry 23. 
May unite* with Newburypori Rlt. Fl>I»' 9* 
Siippleini*nt: lt> ntl incor|KJ^n»ting, Mnrtlj 26, 
|R«Utive to 1l>ridjj^t>!<», Janunry 4. 
jMnj DDitti wilh ittbiT nmiliii. 
Aet of iTunrpurnlinn, April 29. 
Is tip pie mint 111 H4't of JncorjK) ration, April 18. 
Act of iniL'firiKrrulioi]^ Fehruarj 18. 
; Aft of mcorjtftmtioD, April Iti. 
3f(iy int-TPiis<? rnpitjii fitotk, April 20 
Authoriied io iMtte shares, May 24, 
Authorti«il to l&iise ruAd, April 20. 
Right* of the Dorche»t«r auij Miltoa £j|t«biIoa 

Rftilmad art) to bo vested bthiiCo., May 16. 
Act of incorporation, Mnj I. 
Time of locution «xt«ndt'd, ApriT 17. 
Time of location, ctc» extended, April 17. 
Act of inixvrprjrnlicin revised, April 29. 
Vent? francliiM] in l>or. A Adijttjn Br,, May 16. 
Aft of ineorprjmHon, May 30. 
Time of location ejclrndeiJ, April 5. 
Act of inLHirjri>nihoti, April 7. 
Act of ini?^orporation, April 14. 
A uthoriting change of li>cAtion, April 12, 
Autboriaiog Stiitu to loan a5tKl,0UO, April 19. 
Stiit« Tre^tjiurer may if^^un scrip, April 25. 
Act to a ill in eonstruction, April 1. 
Miiy construct Murblctivad Branch, April 6« 
Authoriied to eitend wbanref^ M&rch 17. 
SlmUi Treaturer to pay Co. intemil. M<ih. 15. 
Mbj coQfllnict Qtoucefter Bmncb, Mai^h 26. 
May coiisirurl briflffo over Merrijnac*. Apl. 16. 
My contract with Chcl>*ea Hrancb, April 13, 
Time for completion extended, April 20. 
Authorised to lntTea»Q cftpitul, April 25. 
Authorised to enter BQ»t<jn, Miiy ^. 
May extend road and increase capital, May 2. 
Time extended for locntiuj^ road. May 24, 
May lea«e Sim lb Reading Brunch, May 21. 
Authorized to construct branch ro i J, Miiy 21. 
Autborixodt<i purchase Saugtiu RH., April 30* 
May ctiHB tract additional road, April 15. 
Time of conftmctton extended, April 28. 
Time of cunMruction extended, April 6. 
AatboriBinK the widening of bridges, May 17, 
Retntive lo location of rpad, June 6. 
Payment of State loan extended. May 23. 
Act of incor^io ration, March i. 
Act of incor|H>rutiijn, April 20. 
Time of conitructiua ext«>nded, May 29/ 
Act of incorporaliou, Mitrch 7. 
.Authorised to construct branchciir, April 23. 
May extend road (o Andover, Mjiy b. 
Time of conjftructiou extended, Febrnary 8. 
Authorised to iaaue benda, May 24. 
Authorised to ent«r upon other roadii, May 16, 
Act of tncorporatfoa, May 1. 
Time for conalraction extanded, April 30. 
Time for comitruction extvnded, April 20. 
Aulhoriied to conntruct bridge, April 27. 
May increajecJipiUil atock, April 14. 
Mny puri^hii«e N R A Fairharen Ferry^ Mh.2i. 
Act of iiu>orjKjrntion, Mftrcfa 29. 
Act of inroriioratiou, March 14. 
United with Middloboro* Railroad, April 16. 
Mny «xload road to Fall Rivor, April 21. 



178 



iSSACHUSBTTS— RAILROAD LAWS. 



Corpomt« Tttlea. 



Tali, Rivku BftAiica.< 



•FAi*t Riv. MtLL»oAi>, RR, A i*Kii»v 



•Fall Kivcr k Wariien. 

•* . .r»*«*. * ■ 

14 

M ,♦..,.*,,... 

u , * , . , . < 

•• ,,,.»»♦......,»•♦.. 

<t 

U , »,, «.»......, 

14 ,.,», «.. 

FlTGHlUM k WoBCBtTBK 

ti M 

m •* 

U M . . . * . 

M '( , 

II 1* 

W " 

ri ** 

FSAVIliOBAU BrAHCII. 

u ■* 

»l ti 

^FRAirVLlJI 

II .,,^ 

It ,,,...•>••>•»»••*»*' 

•Geohoetowh a Amdovsii 

u »* 

GkoROKTOWK k 0A:fVEB* 

*1Jkoiioctow5 Brajich ' 

UrasitB' »♦••■•-* *'* 

i* . , * <. • 

II 

It ..,.,.«....•••>•'<•• 

Graitd JgjfcnoH RR- A Drput 



*GasT Ikk7K 

GRBK]frii£Lt> A North AMPToit 
•Grrejipikld a FixrtiiiBRa..- 
•Grotok a East Wiltos • • • • 

•Gbotoji Brajicu.- ■ ■ • • 

^Hampdbji- 

, II ,....«,»«....•■••< 

*HAiir!iBiRe A Frajjtclui 

*i ^* * . ■ • . 

M a 

Hampshire A KAMrDeif 

II *i 

•Uahoveb Biwmch. 

BARtroRJ> A SpRisariELD • « 



Laws- 



1849, n. 
1854, p. 
1854, p. 
lSi&, p. 
laiti, p. 
i8J7, p. 
1833, p. 
1947, p. 
1357, p. 
1842, p. 

1845, p. 

1947. p. 

leau, p. 

JBStI, p. 
l&Sl, p. 
1852, p. 
leSi, p. 
IB5i, p, 

1 854, p. 

1855, p. 
1855, p. 
1855, p, 
1646, p. 

1847, p. 

1848, pi 
1819, p. 

1850, p. 

1851, p. 

1653, p. 
1S55, p. 
184(}, p. 

1849, p. 

1850, p. 
1330, p. 
18^, p. 
183-2, p. 

1849, p. 

1852, p. 
1844, p. 

1844, p, 
1826, p, 
1831, p. 
1836, p. 

1846, p. 
1954, p. 
1848, p. 

1850, p. 

1851, p. 

1952, p. 

1654, p. 

1852, p. 
1846, p. 
1848, p, 

1845, p. 
1844, p. 
1952, p. 

1853, p. 
1945, p. 

1947, p. 

1948, p. 
186ti, p. 
1857, p. 
1859, p. 

1846, p. 

1847, p. 
1939, p. 



420 



103 
76 
626 
261 
649 
f>61 
673 



599 
3t)-2 
92(3 



114 



iy4 



364 

im 

212 
26 
t08 



193 



104 
573 
4U6 



Afaitmct of Laws. 



Autboiited to cbaiif^e locatioD, Majr 2. 

Lnoatioii <;han^ed, MHrrh 31. 

Muy utiite with Old Colouy Railroad, Mch. 26, 

Actuf ioeorpomtiofi, March 3 L 

A1»y ent«T upon Bu<itoD A Pit»irideoe«, Apt 16. 

TeiiCii tieuliun of cbttrter oomtrued, Httreb 25- 

Tinitt extentkd for cotnptetion, M»rch 23. 

Authuriiuii to extend rcmd. April 2L 

Act uf ineorpurution, May 17, 

Al'I of inctjirporttttoi], Marvb 3, 

Muy etib«cribe to Vermont and Mana^liiiMUl, 

und iocroase capttnl «tock, MiUvb 25. 
Mikj extend mad to IkwCon, April 20. 
Cbange uf loc&tioD conflrmed, Murch 28. 
Aothori&ed to etmighten road, April 4. 
KetutivQ lo ctiDsLraL-tion of bridg«, MtLj 24. 
Time far altcrftllug^ bridge* exteDdetl, Apl. 24 
Time of fiiiug lucAiioD extended, April 30. 
May incretiife capiUl Ptoek, M»y 2. 
EehiLive U} CVxrliityaio water pipe*, April 24, 
Reluitive to old draw-bridge and new, April 26. 
KtVktivc to loeati^m of nmd, Ajiril 27. 
Auiboriicd to vrideD bridges, Maj 2. 
Act of ineorftoration, April 16. 
Time of locaiion extended, Marcb 20. 
Time of locution exteiuled, February 29, 
Moj fell or unite frith <rther r««*l, Feb 14. 
Time for completioa extended, February 2. 
Aulborised to increoae capital fltuek, April 29i 
Autburixed to isKUe preferred stock, Feb» 2L 
Autborixtid to exl<iind| road, May 21. 
Act of incorfMjralii'jti. April 16. 
Time for cDtislrmiiitn vxteuded, Murcb 13. 
Time for coostruelion exteudtvi, Marvb 3^ 
Act of incorporation, M»rt*fa 10. 
Supplement to act of ittcorp(Kni.ttnQ, Juoo 7. 
Supplemeia to a«i of ineorponiituo, Miiroh L 
Aut of incorporation. May 2. 
Time for construction extended, April 10. 
Act of ineorpomtiou, March 16. 
Act of iueorporation, Marefa IT 
Act of incorporation, March 4. 
Suppliimeot to act of incorporation, June 20. 
Miiy i!3i?re;i»e capital ftock, April 8. 
Mny incresue ftock and tell n>cid, April 16. 
Supplement to act of incorpomlion, April 12. 
Mi^y cfinBtruct bn&nebei^ and utiite witb other 

rond-i and chiinge hxsation, May 6. 
May alter locfttifHi of road, Feb Feb 25. 
-Sopplcmcnt to net ol incorporation, May 26. 
Autboritcd to construct branch, May 21. 
May unite witb Union Company, February 26. 
Act of incorpomtion, April 27. 
Act of incorporation^ Jflntinry 25. 
Act of incorporatiuu. May 8. 
Act of incorptiniktiun, March 23. 
Act of incorporation, xMan:b 16. 
Act of ineorporaliim, May 20, 
Miiy unite witb other road?, May 26. 
.Act of incnirporatioD, February I. 
Relative to Mount H^ilyokfl Rjiilroad^ June 22. 
Supplecnont to act of incorporation, April 10. 
Authoriied to extend roaiJ, May 24. 
.May unite with Conn River lUi I mad, May 27. 
Supplement to act of iin^oritormtion, April 6. 
Act to incorpomt*, April 6, 
Time for location extended, April 23. 
Act of incorijoraticin, April 5. 



MASSACUPSETTS— RAII/SOAD LAWS. 



170 



Corponito Til let. 
HAaTroBD k SritLtaFtitLii * 

u u ..*.,,, 

It a 

*• •* «>..*.> 

•• " *»..**. 

IlARVAmD BRAff Cfl.- ...*...>..... 

«* M , , 

II u , , * , . , , 

•i It 

•Ho<j«AC Rill., on McAdamisis}) Bd 

•llorKiJ^OTOJi Brakch. * . . ♦ . 

Htm?! PoKD Bfti-^cu 

TIrnftojc A BeiiKMfliitR * * 

UuDfton A Boarosf • *» * * • • • 

■Isi»(4>lO«CHARD- -•»*.* •*•- 

* Lake Rock Qranite-* ..*.* 

Lajicastrr h Stkrunq. • • 

tt n , 

•* *' .......,» 

LesASfoir Srsixas (of New York J* 

k* I* H a 

li «< li 

M U '^ . , 

L^WKLL A AlTOOVER- * - ' 

LOWKU^ A L4WRKKCC 

•LtIHI a B<3?tT0» 

Jif 4Lt>Klt A MeLROSK. * 

^MAKsriRLH Coal. 

Maxlioro* ' • - • 

» " * 

MnuLBaKAD A Lrxir BRiffCfl* »• 

*M*MACII U8BTTS. • » 

•liATriei T» ' • • • • 

*MlCCJI J "■ Tis EXPfiftlMSHTAL 

MitDr' I "---• 

^MjiDr'ji _ ^ iLESTOWjr 

li II 

Mll^WAT BRA3IClt • 

w ** 

It u , , , 

« « ,..,.,♦ 

U *l , , 

^■TIOPOUT All '•<•••-• 

*• •••»**■«••«•«»■•* 
»l »•••,, ,. 

MinnuEBoiio' -*■•..• * . . • 

*Mtrirj>uuiio' A PLrHi-roiR. 

HiikDLCiORO* A Tauwiom. 

** '* *•....! 

** •* J .... * . 
llnkptRiRJC (HorEflft) - * • 

♦* *' ...*,..,..... 
If t&kA3l9 *••....*.....,., 

*• ...«...•.«*. I •« I ..*,., < 
m , 



Laws. 



184 i, 
1844, 
1845, 
1347. 
1852, 
1348, 
1849, 

ia^4, 

1855, 
1832, 
1854, 
1S5'A 
1855. 
1840, 
1855, 
tB49, 
1850, 
la'in, 
(946, 
1847, 
tSIB, 



243 
651 

247 
137 
733 



351 



1855, p, 777 

1845, p. — 
lti5l, p 5tJ2 

1855, p- m^ 

1846, p — 

1848, p. — 

1851, p. 613 
1859, p. 358 

1856, p. 238 

1852, p, 23 
1852, p. US 
1855, p. 505 

1857, p. \U 

1847, p — 
183U, p. — 

1850, p- - - 
1852, p, 163 
1845, p. - 
1855, p. 738 
1857, p. 406 

1859, p. 407 

1849, p. - 

1860, p. 443 
1880, p. 2a4 

1851, p, im 

1852, p. 79 
iSSif, p. 574 
1954, p. U 
1855, p. 613 
1859, p. 226 
1845, p. — 
1S49. p. - 

1853, p. 382 

1854, p. 64 

1855, p. 678 
1854, p, iiS 

1856, p. 63 
ler^T, p. 431 
1859, p. 36i 
(850, p. 453 

1851, p. 841 

1852, p, 25 

1853, p. 543 
1853, p. 43 
1859, p. 231 



Abntmi-U of Laws, 



Tinifl f«r organ i£ii.ti on extenrJcrl, Mircb 13, 

Stippbinent to aut of incor|>oratiufi. FeK 23 

Amoiidi2diiec of act at Fvb. 23, 1844, Feb. 12. 

Namo ehangod to Hartrord and N II,, A pi. 23. 

AittboriKtiii to tncrcoM! cipital itock, Met, 31. 

Aet of ineorporutiun, April 17. 

Tiino for loojttion extended April 24. 

Authortied to iljai'ootinue road, April 19. 

Relative to pu rebate r«, xMarub 26. 

Act of incorptjrfttiiin, Fobrunry 25. 

Act of incorporation, April 19. 

Act of incfirporationp MiiV 7. 

Autbonicd to fonatruct branch, Mnj' 15 

May unile with West SltKrkbriilja, March 20. 

.VI Ay uaJt« with Western lljiilrcimd, May 15. 

Ai?tof incorporation. -Mny 1. 

Time for completion extended, April 2. 

Act of inwrpijrwtion, TAixy 3 

Act of incorpriratiom, April 16. 

Kelative to looatioti of road, April 24. 

Belativti to Iwution of roj»d, Mjir«h I. 

May unite with Lubunun Springs, April 21,— 

Time for confilruetifHi extended. 

Act of in<HtrfK3.rntioo. M*y 18. 

Act of incorporation, Mj^rch 24. 

Share capital increimcd, Fobrujiry 26. 

May cBlur upon Fikhbiirj; liailrood, May 2. 

Act of iucorpormtion, Murch 27, 

Changed to Lowell i*nd Liiwrenee, Feb IS* 

Authoriied to conalroct l>rancboa. May 7, 

Act of Incorporutioii, April 6, 

Act of incoqiMtratioiii, Jun© 6, 

Act of incorpoTiiti^m, March 26. 

Act of iQcor[Ki<rAiion, April 15. 

Elelalive to rnorlgngtr, Fuhruary 16 

Relative to niort|i|:u)^e, Mnrtih 27, 

Act «f incorporation, April 20'. 

Act of incorponiHou, M;irch 12. 

Act of incorponition, April 30. 

kv% of ineorponitiou^ Mny 14. 

At't uf iniHirporatJun, Murch 7- 

Act [jf incorportition, Mnj 15. 

Supptement to act of ineor^joration, March 9. 

Hebiliiro to locAlion of rond^ April 6. 

Act of incorpjration, Mjty 15 

Authi>rize<l t*> ctutnge IiHvition, April 30. 

Time for construclioa extc-ndod, ^Vbranry 2, 

Fimo for cooiitruction exteniled, March 24. 

Capital stock reduced, April 20. 

Act of incorpofution, May 21, 

Suppkioent to »et of iiiciirporation, Mnrch 16. 

Timo for piiymg capital ck tended, A{h\\ 14. 

Authori«o<* to incr«w>K5 capitiil stock, Feb. 3. 

Act of incorporation, March 26 

Act e>f incorpor*tion, May 2. 

Chan-u^ed from Ti^iiinton A Middleboro'^ Mb. 17. 

Time for ennstniclton ext«t]dcd, Mnrub 17. 

Time for einiitruetion cstendod. May 2. 

Aet of inctjf^pciinitioo, April 29. 

Timfl for paying st^wk extemleil, April 8. 

Authoriied to extend r»nnJ in \^Q^Um, April 2. 

AuthoriKcd to extend xmA in Boston, April 6. 

Act of incorpomtion^ May 2. 

litslatire to const rue tirpii uf roaii, Miy 24, 

Time ft»r eoa^ttrui^lion extended, xVJjtrch 26. 

llelative to location of rrmd, M »y K) 

Sapplemtinl U» {tcl of inrorfmniliMn, Mnrch 19 

Time fi*r conatrnclion «xl«udod, February 5. 



i^i^ 



leo 



MASSACHCSETT5— RAILROAD LAWS. 



Corpormto Titlisi. 



^MlLBCftY 4 SoUTaBRlDfiB " 



*MltFiJRI> Jk W0O?rfiOCKBT- 



•Mount Holvokk 



^Mr«Trc RirsR- 



•Nashua 



Kkw Bbspord 4k Fali. KitkR' 



NbWBURTPOBT' 



•Nkw E^fGLAHD RR A Mctuai. Fire 

InKLKUNCK CoMI-AJfTf " • 



Lnwa. 



1851, p- 6l§ 
.Q..C - 734 



1955, p. 5ti 
1656, p 



ll. liOlfBOir^ WlLLLMANTlC A PaLKEB 



KewTox (House)*'*' 

NkW YoitlC it BOBTOJf 



|!IOBrOLK COCJ^TTT ' 



*KailTr! BKVERLr BKASfCH 



12 



1947, p 423 
1S55, p. 685 
IQ57. p 4Ga 
1-459. p 2S0 
1836; p — 
1846, p. — 
1949, p. — 
•849, p. — 
IB50, r 432 
\mi, p. 732 
165^ p. 41 
185i, p. 622 

1854, p. 20 

1855, p. 826 
1B&7, p 467 
I8&9, p. 224 
183y, p, ^ 
18^*6, p. — 
18i8, p. — 

1B38, p. -^ 
1838, p. — 
1945, p. — 
1846, p, — 

1636, p. - 

1838, p. — 

1839, p. — 
1848, p — 
184t5 p. 169 
1646, p. - 
1649, p. - 
1848, p, - 
la'iO, p. 356 
1851, p. 612 
1853, p — 
1654, p. 128 
ISfiS, p. 501 

1856, p. 631 
1856, p 643 



1856, p. 
1957, p. 

1848, p. 
Ig5l, p. 

1852. p. 

1857, p. 
1857, p. 

itm, p. 

1857, p. 
IB5S, p. 
1859, p. 
IB47, p. 

1849, p. 

1850, p. 
185), p. 
1852 p 
1953, p. 

1851, p 
1942, p. 
1S44, p. 
1845. p. 
1815, p. 



378 
765 
113 
^66 
733 



Abstr^U of Laws. 



Acl of incorporation, Mny 1. 

Snpplctiifi'ijt to act of iucurporntion, Mny 10. 

Time for coDstmetion cxtem1c<i, Mjircti 26 

Timo tor count rui?tiim ejcteiidc^il, Fi^hruurj 16 

Time for eotislruution cxienrK'd,, Marvb 21. 

Aet iif incorpCirntion, M«y 2 

Tiinu for tonstrtietinu exteuilcil, Mny 2- 

Timo for c<m»truelion eAtemleU, February 26. 

Act of incorporaiion, April 13. 

Act fif tncorporatioo, Mur^^h 27, 

Aft of incctrporatioQ, May L 

Time for coojctruction extended, April 29, 

Thno for con«truotioD exti^ndtHl, April 29. 

Time for construction extended, ^Urx^^h 23. 

Time for coiiBt ruction extenilcd, March 'JQ, 

Act of incorporation, Ma? *25. 

Kolntire to location of rood, February 24* 

Relatiro to location of roa^i, Mny 21. 

Time for construction extended, April 24* 

Re I a tiro to capital ^tock, Jittiuory 3L 

Act of incor]x>miion, April 9- 

Act of mcorpMtration, April 16. 

Mny unite with Nj%«iiuu and Lowell RailfOld 

of Now llainp^hirc, April 10- 
Act to aid cutmtructioo April 17, 
Timo extended for iiouipletion, April 24. 
Autboriztiil to increase cJiipitiil flitjck, Feb, 27. 
May furrctnler a }»ortlon of Middlesex Tum- 

pike, A[)ril 16. 
Act of incorportition, April 16. 
Ant of incorporatiod revived, April 24. 
Name changed from tJld t'olnny, March 26. 
Aulhoriicd lo eonnlruct hranch, Marth 22- 
Miiy unite with Fntl River Rjiilrimtl, Mch 27. 
A^'t of iiieorporalion. WnrL'h II. 
.May increase capital sttKk, May IB. 
Authoriied to cbiinge location at rond, Mbiy 9. 
Time for completion eixtondcd, April 2. 
Time for completion extended, M tr 7, 
Miiy unite uritb I>nijvci*n Riiilroad, May 25. 
KcUiLivc t« loc'diun, cto., Miircb 28 
Miiy unite with Doti and lieorgetown, F«b, $. 
Auihuriied to construct bniiicb, May 16 
Tioio for cuustruciioii extondml, April 21. 

Act of ineorpi>rfttion, March 21. 
Auttiuriiced to increase |iroperty, May 23. 
Act of incorporation, April 10 
Keltitivo to insiie of bondB, April 25. 
Muy tiike stock in Am. and Bel. RR., May U 
Act of incorporation, May 30. 
Relative to horatj power, Mny 30. 
fonSrining uuiun with Cbarleai Rivcr^ May 31. 
Time fwr conBtruction extended, March 31 
Time for coiia traction oxLendod, February 13. 
Time for con^^lrui^^tiim extended, FebruAry IB* 
Act of iucorpN«ration, April 24. 
AatborixfHl Lo conatrucl brnncQ rtind, Mny I. 
Autboriied tt* lucre aue capital Atock, April 9. 
Mny contrax^t with WnwmiiNjkci Ciiiun, Miiy 24. 
S apple incut to act of incor[»oration, April 30. 
May nnite with Dedham Uuilroiid, Fob. 23, 
Act of incorporation, May 23. 
Act of inc^or^>ortttion, March 1. 
Time for completion oxtemlod, February 23;. 
Aulhorixed to change Utootiotij March 21. 
May uuit« with (JruenfloU and NuithAmptoa 
Ruitrojul, January 25. 



MASSACHUSETTS-RAILROAD LAWS. 



ISl 



CorpDrato Titles. 

♦k »* » , , 

li '< . . , 

*» ♦' . . . 

•NOHTHAMPTOJI A Wrstfield'. .■ 

^^UJtTilAMPrODf A SURLJIL'RXR ■ • ' 

Nonwtctt A WoacieeiTicit 

H H 

•• »' ........ 

41 *« ., 

li " ....,,.. 

H » ...»,.. 

w »^ ....,*.. 

H " .*.,,... 

411 I* 

U M ... w,.. 

UU> COLOVT* -...•.*** 

<• a ,» .. .. ., , ,, 

*♦ ** 

•' ♦* ................... 

H II ^,.. ., 

M U ,., 

M a ,,,.,,,.,.,.., 

*< I* , 

Ol.DCoto3«v (N.Be4for<i A Tauntou) 

PXTJCRSBUIIO* t Sfll&LKY • 

" " 

»• *• * . » . 1 * . . . , 

•PinsrteLD 4 XrwHAVKir ' - 

PiTrfiriRUi 4 NoRTO Adaju. ♦. 

*Pimtnei«D 4 Wicj»t SrocKBiiioaK' 

PioriOKifCS A BniiiTOL. - - 

u «* . . , . 

P»f rt>Kirc«T WAniirjf k BuigToi,- 
^PfeoriDKSOC, W A It REM A Fall Ktv. 

li u M it 
P«(^ni>ElfCK A Wo»C«8TBB. *- 

u u .,,,,',. 

•pLmocTif 4 WxaKif AM •• 

•PtntTojf Branch 

'Pltiitok 4 Makshfikli} 

'QcAKArOW^TT - 

•QutifCY Bbjv b *■ 

^IJfCT F©I3«T • - . • • 

*RASt>OU**0 M BlUDOKWATBR* ...... 

"SoCKrOKT' • " • • • 

m ,» ,, 

11 ..,,....,,,,. » . . . , 

^ftiLttacKr BnAjicii,' *...•* 

•* ♦* .............. 

tt u ..*...,,.,.... 

*!S4U«sirmT k Sast Eijra«Tosr. 

u u *»,...» 

Fauu A Lo«ntu. • 



L'twg. 



1846, p. 
1817, p, 
IB48, p. 

1849, p, 

1850, p. 

lyso, p. 

1652, p, 

1853, p. 

1836, p. 

1837, p, 
lb45, p. 
13-ld, p 
tS&O, p. 
1864, p. 
1864, p. 
1855, p. 
1657, p, 
1859, p. 

1644, p. 

1645, p. 
1845, p. 
1845, p. 
IS46, p, 
J 947, p. 
1B48, p. 
1649, p, 
1654, p, 
1B38, p. 
ISS9, [). 

1845, p, 

1646, p 

1848. p. 

1854, p. 
1648, p. 
1842. p. 
1645, p. 
1832, p. 
1836, p. 

1851, p, 
1652, p. 
1853, p. 

1853, p. 

1855, p. 

1847, p, 
1648, p. 
1844. p. 

1846, p. 
1948, p. 

1854, p. 

1849, p. 

1654, p. 

1856, p. 
1849, p. 

1847, p. 
1847, p. 
1645, p. 
1853. p. 

1655, p. 

1855, p. 

1856, p. 
1844, p. 

1846, p. 

1847, p, 
1844, p. 

1848, p, 

1848, p, 

1849, p. 



251 
545 



3^ 

65 

890 
597 
253 



139 



736 
145 
410 

410 
645 



219 

235 
18 



Abttracrt of Law«« 



AuthoriEeirJ to extend rotid^ April 16. 
Time (ur Irjication extcnjcd, April 14. 
Autliori£«d lo tjliAnge loculiua, April 21. 
Miiy increiiAc cii|iitiil AtiK-kf May 2, 



Atitfao 



orUeJ tu ifftUfl pri-'ferrcd stock, Aftril 8, 
Ma J 1«IMQ A^huelnl [iailroiui^ April 26. 
A«t of iaiiorjwration, Mi»y 22. 
Act of incorpurntion, May IL 
.-let of incorportitiun. 
StflLte lonn to. 

May Kuli^cribe tu Worcester atid NiiAhua BR. 
Autbt^rixcd to iiicreA«i€> capital sUxk 
Aulhitrizel to inrreu^o aifiiLnI nU»ck, April 13. 
HolHlivo to 8tKt« loun, Murch 27. 
t'oniDi^ere of siukiug fund appolatad, April 13. 
Eel II live to Sl«t4* lonn, May 2L 
H(»liitive to .'^tat'e loun, May 29. 
EelaiiiTL* to sinkiiig fund, Mtiroh 1. 
Act of iai'orjKjrAtioti, Miirch 16. 
AutborijECMi to coni»truct a, l>rid|fo, Mnrch 14 
Authorijtfrd to extend nmd into Breton, .Mb. 15. 
Autborlzeii to eoriflruct bram-h, March 26. 
May iiiereiifie capitul ftouk. April 6. 
Autborixed tu extend road into Boston, MH- 13. 
Muy widen road anil build branolie* SK-h. 27, 
May diijeciiitiiiLte n portion of nind, Mnv 1. 
May unit<5 with Full lliver llailroud, Mvh. 25, 
Act of imorponition, April lii 
Chang^ed Uf New lied ford and TiiunLrm, Mh 26 
Act of laeorpuriiLLon, Mureh 22. 
Supptvincnt to lict iDeorpomting, Martb 20. 
Time for coiwtnicticMi cxt^sodod, Fcbruury 14. 
Authorized to purcbaae »tock, etc . Marcb 21. 
Act of ioTOfpuration, April 22. 
Act of iDoor|Kinition, Murcb 3. 
Act to revive eharteir, MNLrrh 18. 
Act of inoorpa ration, Marcb 6. 
Supplement to act of iiicorpon&tion, ApHl 15. 
Act of incor|M>nition- May 25. 
Time ortoDdci^i for li>catin^ road, M.Ty 7. 
N&me t'haitg:ed to Providont'O, Warrco imi 

Bri«kd Riiilmad. March 24. 
t^hatiRed fnjm l*Fiividcnc« and Bristol Mil. 24 
Time for consrt ruction extendlejii, April 21. 
Act of inc*jrpc*ralioi], April 13 
Time for loc&tjoa e.\tcnde<j, April 21. 
Act of inuorporatiuu, Miircli Vi. 
Time for completiun extewdt-d, February 14. 
May enter u^Miii Norwidjnnd Worcester, Fek 18. 
Act of iueorjxirtttHtfi, April 14. 
Act of iQcorporatiun, April 24 
Act of inoorpornljon, April iS. 
Chang'ed to Silver Lnke Railroad, Feb. 27. 
Act of incorpormtitin. May 2. 
Act of inoorpomtittn, Murfb 31. 
Act of iiicc*rporatiou, April 15. 
Act of iDoe>r{Joratiiuii, March 25. 
Act of inoorpciriitioo, May 16. 
Time for looatlon eitdnded Aptil 14. 
Itockport authortted to talie »LQck, MuT 16 
Time fof eoQitructioa extended, April 3«. 
Act of incorporation, Mareb 15 
Relative to loeadon fil niiid, April 6. 
Itelaiive to completion and gradbg, M.troh 12. 
Act of incorporation, Mart h 15. 
Ai't of iucorporntion, April 26 
Art of infor)«;irMti*!n. April 26. 
Time of filing loe^liou eiteodcd, February 9 



152 



MAS3ACELTSKTT3— RAILROAD LAWS, 



Corporate Tiiloi. 

Sam^m &, LoWKLL 

SauousBbajtcS" 

" " «••'••■••■**•••>•■ 

u u m 

8KBK0!rK BRAHCn' • • • » * 

it (i .«......, 

*SUJELBUlUflC WaUA," 

^SiLVifia LAJtift BnAitca- - • ■ 

** ki " 

*» ** '< ....,,,..,, 

SOUKRVILLC * * * 

•SaUTHaaiDOK A BuiCBJTOJfM 

l» k* 

SouTB Rejidino BiuircJi. ■ 

**^ ** '^ ,#*«.««. t. 

U 41 II , . . . 

South Shorjk • » . . » . 

" k' ...•.....*•»••«■.*. 

ii M ,»,,.♦......* , 

*SPBiNaF't} A Farmingiom VALtKir 

•Si'RINOFlRLD & L0XliUl£AlK)N 

SrOCRBJUDOR A Jr'iTt&flKLO 

gTOKlfBBOOR ' 

'Stork Quarrt- ••*••"•- 

•rfTomtaAH Bbamcii • 

u *t k . . 

»l u , 

II » .-„.,. 

M II ,,,,,,,*..»., 

*« ^> .......^..... 

t» '■ ....••.*»^... 

•STOUallTOlf BftARCH.* ' • - • * 

Surrout* * — •• 

♦Swift Uivrr^ ♦ 

TAUIfT<W» BRAJCOtt • • 

ki *" ..*.»..«..».>. ^ 

M I . . , . 

U H 

U 

II *• » , 

Trot & QRRRRriFLD. 

" ** ..<«..»...>* 

U M , , , 

•• •* »••*...«.... 

•I U « « 

II U 

M «i ..*.... 

R 91 

u «< ,,,,.,, 

0RIOM • • 



LiiWi. 



1851, p ^ 
1S52, p. — 

1848, p. — 

1850, p. &44 

1851, p. Bol 
1851, p, 805 
1652, p, 117 

1955, p, 648 

leaa, p, 18 

1836, p. -^ 
183T, p, — 
1838, p. — 

1853, p. = 

1849, p, — 
1830. p. — 
186ti, p. — 
1B57, p. 600 
1949, p, — 
IBol, p, 636 

1848, p. ^ 
18S1, p. — 
1832, p 211 

1646, p, ^ 

1847, p. — 
1948, p. — 
t86ti, p. 93 
1869, p. 230 

1849, p. — 

1647, p — 
i646, p. — 
1B47, p. — 

1848, p. — 
165i, p. 407 

1854, p. 255 

1847, p. ^ 
184S, p. - 
1851. p, 641 
ie5l>, p. 1&5 
1B53, p. 52U 
19^4, p. 24() 
1859, p. 421 

1844, p. — 

1845, p. — 
1857, p. 630 
1669, p. 'i24 

1851, p. 603 
1^3, p. 581 
1635, p. — 
18i6, p. - 

1837, p. — 
1844, p. — 
1346, p. *- 

1848, p. — 

1849, p. — 
1^, p. 553 
1853. p^ 362 

1848, p. — 

1849, p. — 

1850, p. — 

1852, p 205 
1852, p. 22 
1865, p. 781 

1856, p. 153 
1959. p. 253 
1869, p. 283 
1849, p - 



Abittrocti of Lnwt. 



Maj ODt«r upon Eiiat«m liailroad, Mmy IB, 
May enter u{)oii £)uitern Kuilronxi, April 20 
Act of iueurparution, April 29. 
Supplomont to Act of Incorpfirntioti, Mnroh 23. 
AuthoHied to oxttiod ruad, M^ij 15. 
AuthariKiftd to cbitngo loenliuo, Mjiy 24- 
Time for conatructitin extended, and AuthoHa«d 

to fiiiU TOfid to the EiLMtem RE., April 30. 
May dUconlimie a ptirlion of road, April 20. 
Aet to oonflrw the transfer, Februiwy 13. 
Acl to inoorporaie, April 16. 
Stipple tneni to act of incorporation, April 15, 
Charter Rmended *ad aUered, April 25. 
Miiy nnite with Hampden Ruilroad, Mjij 25, 
Act of tueorporation. May 2. 
lime for tucution exttriKliid, Mnrch 2L 
Cbuojfud fivm Pliinpton Brunch, Feb, 29. 
Act Mf iDoor[^MjrutLoa, Maj 29, 
Act of incorjMiratiou, May I, 
Supplement to Act of incorportttioD, Mrj IS. 
Act of incorponiition, April 26. 
May enter upon the Eds$&x llAitroAd, Mfty 1$, 
Miiy lejue roinl to £A^tem Cumpnuy, May 2L 
Aet of ini^forpomtioci, March 2t) 
Siipplemeut to act ioLinrpornling', April 20. 
Time for locution ojrtendod April 24. 
Act of incorporntiou., Miiy 16 
Time for cuuiitruiition cxt«>ijded, FebroAry 4. 
Ai>t of ineiirporution, M.ircb 2. 
Act of itieoi porutioii, MunVb 20. 
Act of iiicor|.iorutiofi, March 26. 
Supplement to uct of incurpu ration, April 7. 
Autborifed to iuort'iiso ciipitkil «it4Hrk, April 20. 
J^eLi. 3 of furmor net revived, Murcb 20. 
Aet of meoijwrjition, April '*\. 
Act of incorponitioii, April" 23. 
Time for location extoiidod, April 21. 
Act of ipi.orpi;)rutioii, Miiy 15. 
Time for liH;iitiou nxicnded, Miiy 15 
Timo for lo^jiition exretided. April 29« 
Ht) I II live to locution «»f road, Ajjril 9 
.^ii[i[dctiieut to iwl of tncor[i^»riitioQ, April 6 
Act of incorporatii^o, April 16 
Holutive to const rtictiuti of road, Fehrumry 15. 
AH of incorporation, Miiy 21. 
Tieme for puyiog capitiil «>xtund&d, Jaq. 31. 
.Act of incorporation, Miiy 2-1. 
Time for construe tj on extended. May 23. 
Act of incorporation, April 7. 
Authorised to incrcu^e capitAl gtock, April \B. 
Autborined to increruie cApiul »tix4, Felt 2% 
M«y conatruct raitmod in Tkiuntun Murcb 6. 
Time for completion extended, Fobrtiary II. 
Act of incorjKtration, April 21. 
Time for cisioilruetiim ejitend^d, February 9. 
Time lor con«lruclion oxttinded, April 2 
Changed to Middlclmm' and Tutont*>nt Mcb 17- 
Aflt of incorporation, Mny 10 
Maj VAry tooation of rund, April 17. 
Time for location extended, Miiy 3. 
May Moito io ono oorporntion, May 20. 
Muy hold AUfiiaiil meeting in April, Moh. 18^ 
Towns in the counties of Frankhu and Befk- 

sbire uutboriiod to i^ubscribe, May 18. 
Ijociition changed. May 31 
Relnttvo to »iaking fund. March 1. 
Hel.ilivo to loiin tor IliHiitac Tutmol, Maruh 36 
Act of iiKort^jrulion, Muy 10. 




MASSACUUSETTS-RAILROAD LAWS, 



188 



Corporate Title 



•IJjfioji. 



Liiws. 






•WAtroLit. * ■ •• 

•Waltmah k Nrwtowjc Brakcii- • 

VValtsah a WATHnTOWII Bramcb 

•WAtTBAM Jb W ATIHTOWN. 

•Wam Ritcr. .....*... 



WAURTOwjr Beaaco- 



*Wiirrjiu( AvKvvi' 



•Wm Bka^ch • 

WtrrCiMBntDOK (House)' 
*WtAr Diit>K<iM Brahch.**- 

IV Mf KoAAUltV *••• 



Wnr Stik:kbiiiimb ' 



1^46, p. 
1S49, p. 
1852, p. 
1B5J, p. 
IdN, p. 

185S, p. 
1852, p, 
1&44, p. 
1345, p. 
1646, p, 
1646, p. 

1848, p. 

1849, p. 

1850, p. 
1651, p. 
185^ p. 
ie&3, p. 
1656, p. 
1SS6, p. 
1B46, p. 

1649, p. 
1849. p. 
1849. p, 

1851, p, 
1855, p 
1857, p. 
ld3L p. 
185*4 P 
1855, p 
1857, p. 
1846, p 

'1847, p. 
1933, p 
1836, p, 
I8J7, p, 
18i7, p. 
I8i8. p. 

leae, p. 
lesy, p. 

1839, p. 
1841, p. 
184-1, p 
1845, p. 
1B45, p, 
1845, p. 

1845, p. 

1846, p, 

1845, p^ 

1846, p 
1947, p. 

1847, p. 

1849, p. 

1850, p. 

1650, p. 

1852, p. 
1855, p. 

1855, p. 
1859, p. 
1854, p. 
1656, p. 
1847, p. 
1867, p. 
1864, p. 

1856. p. 
1656, p. 
1H58, p. 
1S36, p. 



18S 

446 

25 

742 
32 



422 
806 
143 
438 
31 
148 



595 
bO« 
468 
817 
408 
611 
477 



Abatriurtt uf Laws. 



396 
6U1 

872 

338 

359 

16 

693 
299 
H7 
564 
28 



RtilAtlro to bridg'e over Chiirle«Ri?er, Maj tO 
Time of fl;Iing locatiga ox tend od, ApriL 
Tioitr for liK'utioo ejctended, Maj 26. 
HvUtivo to cotiftruotioji, Aptril 14. 
Authorised to unit© frith the Omnd JuQciioa 

lLiilratj.d aud Depot Coinp&ny. Feb. 26, 
Suppfemeot to act of incorporation, Mujr 15- 
Aut of mcorporation, March 27, 
Aist of incorponitiuQ, March 15. 
Relative to toe, 3 of act incorptumtiny, Feb, 28. 
Time for flling locjiinn exlende*!, Murch 27 
Supplement to iu;t of iouttrpo ration, April 16. 
Kiiy pitrobase Korttifleld bridge, April 18. 
Time for eonatrudioTi extended, April 28, 
Relativo to mortg^mge of proptjrtjr, April 25. 
Aulborlzod to i;Dc^oa«c^ stock, Muj ti. 
Authorisied to witioo \tz track, Mj*j 7. 
i^ apple mil ut to net of incorporation, April 8. 
May mortgni^e rood, Mireh 21. 
Relative tut^irms, etc., of mortg&f^^ Mob. 31. 
Act of iDcorporution, April 16. 
Act of iQoorpo ration, April 21. 
Time for construction cxteoded, April 4« 
Act of iacorpumtioD, Majr 2. 
AuthorUed to t'bfl^PgG loL-ation, April 29« 
Aut of incorpomliou, Miiy 19. 
Atithoriied \o extend road^ April 9. 
Aot of iEU.M)r[ionitioo, Miijr 24, 
Time for conAtruction extended, Mnrcb 24. 
Time for conarruotiuu exloodod, April 14. 
Time for lo<:alion extendttd, Mnj 7. 
Act of incorponilioB, April 16. 
Time for coiuilructian extended, April 231. 
Act of incorponitioa, March 15- 
itAkUi amy fiubscribe for «hares, April 4. 
EleUtive to paymeut of flubfforiptioii, April 13 
Relitlve to i«ompeiD»atioa of Direcbin, Apl. 13. 
Act to aid in construction^ Fobrunry 2L 
Relative t« Icwalion of road, March 17. 
Hela|tTo to flinliing fund, Uiireh 13. 
Act to aid in eoiiatrqctioti, March 23, 
Act to compEfste oon.itruotioD, Mareb 13. 
Relative to payment of flubi*crintion«, Feb. 1£». 
Helative to el**ctioaof Stite DirtHtora, Feb. 10. 
Holativo to sinking: fund, February 26. 
Miiy enter uim^u IIi]At4ia and Woree^ter, Mb. 3f5. 
Mny in(;rea6Q capitiil SfUK-k, March 25. 
Addicional to net incrcaeting ciipiUil Marcb 26, 
Relative to pajmiint of Iiircdom, Mar^b 22. 
Aatborited lo construct a branch, April 16, 
May Increase capital itock, Apr it 24, 
Relative lo muking fund, April 26. 
May increase capital «tock. May 9. 
Relatlro to iinkinjE fond, April 13. 
Income to b« paid to the? 8tjit«, April 13. 
Relative to Commimiunisni' rig^hts. May 24. 
May purcboAo UudiK>n Jt B^^wton RR^ May 15. 
Authoriied to in«ue scrip, Mjiy 21, 
Aothortsed U* im«ue bombr. April 6. 
Act of incorpijralion, Apnl 29. 
Time for cQn.^^irac^iion extended, Febmaiy 26. 
Act of inoorptjmtionT April 16. 
Act of mcorpijratioa, May 28 
Act of incorporation, April 15, 
Act of incor]>oration, May 29. 
Supptement to act of im'orpomtion, May 26. 
Sopplenii^nt to act of inenrpjnitiuu, March 5. 
Act of iucor[^)oration, April 5. 



184 



MASSACHUSETTS-RAILROAD LAWS. 



Corporate Titles. 

Wbst Stockbridoe 

*WisT Stocicbriboe Branch. 

^•WeSTFIKLD it NOBTHAMPTON. 

•West Newbury. 

•WlLLIAMSTOWW A HaWOOCK.- 

tl II 

Wilmington Branch 

•Wilmington A Cambridge- • 

Winchendon 

It 

WiNNisiMMRT (Horse). 

♦Wobcrn Branch. 

WoEURN Branch Extension 
•Worcester 

Worcester Branch 

tt II 

Worcester A Nashua. 

Worcester & Norwich.- • • • 
(( « . . • . 

li (( .... 

». w .... 

u u .... 

c. t( .... 

u tt .... 

I( tt .... 

♦Wrentham Branch 

•Wrbittham a Foxbobo' 



Laws. 



1839, p. 

1840, p. 
1855, p. 
1853, p. 

1851, p. 

1852, p. 

1853, p. 

1850, p. 

1851, p. 

1845, p. 

1846, p. 
1657, p. 
1844, p. 

1847, p. 
1829, p. 

1841, p. 

1844, p. 

1845, p. 
1851, p. 
1833, p. 
1636, p. 
1836, p. 



1837, p. — 

1845, p. -- 

1848, p. — 

1849, p. — 

1850, p. — 
1852, p 413 
1846,. p. - 



802 



648 
102 
455 
427 
734 



559 



689 



Abstract of Laws. 



Time for filing location extended, Jan. 27. 
Time for filing location extended, March 20. 
Act of incorporation. May 1 9. 
May unite with Hampden and Shelbume Falls 

Railroad, May 25. 
Act of incorporation. May 21. 
Act of incorporation, April 24. 
May unite with Lebanon Springs, April 21. 
Act of incorporation, April 26. 
Act of incorporation, May 23. 
Act of incorporation, March 13. 
Authorized'to extend road, April 16. 
Act of incorporation. May 26 
Act of incorporation, March 16. 
.\ct of incorporation, April 23. 
Act of incorporation, June 12. 
Act of incorporation, March 17. 
Time for completion extended, February 6. 
Act of incorporation, March 5. 
Authorised to increase capital stock, May ^i. 
Act of incorporation, March 16. 
Time for location extended, April 9. 
May unite with Boston, Norwich and New 

London Company, April 10. 
May aid construction of Norwich and Woroes- 

ter Railroad, March 20. 
May subscribe to Worcester k Nashua, Mh. 26. 
May increase capital stock, April 26. 
Claim of the State released, May 2. 
Capital stock increased, April 13. 
Act of incorporation, May 24. 
Act of \pcorporatinn, April 16. 



STATE OF RHODE ISLAND. 



^Borroii ajtd Providence, | New YoRKt Provii>knce and Boston. 

llARTFORDf Providence and Fishkill. Pkovipknce and Worckster. 
New Yoek and Boston. 1 Phovidence, Warren and Bristol. 



The Xew Tork, Provklence Jtiiil Boston, commonly Itnown nB the Stoning- 
ton Railroud, was tljo tirst ruih'oad caimtru^tud in tiie Stiite of Rhode Inland* 
Its constructioD was commenced in 1835 and completed in the latter part of 
1837. The Com|>iiny f*oon thereafter became cmbarraftged in its finances, a!id 
c4>taiued relief by ii eoiopromiBu with its creditors in 1844, whereby their 
claima were reduced from 81,*^00,000 to $050,000. By the terms of the 
<xinipromi8e the sum of S5n^000 annually was to be applied as a sinking fund 
fur the retirement of t lie Company's bond**, whieli have been thereby reduced 
i to $312,900, la addition, the Company has paid divideuds averaging 3 per 
ceot. unnualty. 

No other road was constructed in tlie State till 1847, when the Providence 
and Worcester Railroad wa.s opened, and the line of the Busttin and Provi- 
dence changed^ so as to enter lV<*vidence on the west side of the city. Both 
of these roads have been described among the railroads of the State of Masau- 
chusetU. 

In 1854, the Hartford, Proviilence and FJshkill Railroad was opened 
between Providence and Hartford. Toward the construction of this road 
the city of Providence loaned its credit to tlie amcmnt cjf $500,000 in its six 
per cent, bonds, taking as secnrity therefur the bonds of the Company, bearing 
7 per cent, interest — the difference between the two rates to constitute a 
i$uiktng fund for the payment of the city bonds. The hkhI has been unpro- 
ductive on its stock, and is in default on its bonds. It is more particularly 
deecribed among tlie railroads of Connecticut. 

The road next constructed was the Providence, Warren and Bristol^ which 
was opened in 1854. This road has been unproductive on its stock, and has 
been in default in the interest on its bonds for several yeai-a past. Tiiesu 
bobda have been recently converted into u preferred six per cent, stock, and 
cancelled. 

The only road in progress is the New York and Boston, on which about 
1150,000 has been expended. No portion of it has been completed. The 
work of construction on it is now suspended. It is designed to form a 
portion ctf a n)ad of the same name, lying partly in the States of Connecticut 
und Massachusetts. 

21 186 



186 



STATE OF RHODE ISLA?rD. 









P 

«3 

» 
Q 
O 

tc 

OS 

o 

CO 

H 



GO 



§^l^. 



^S^l^ 



«?SJ?!»2*2? 



II 



9 « ^^-- 

3 5* ?o ^-o CD aS <=>j-_ 

g 4, 5* ^^*-^^' 



•^ *n »o »0 oa r* t 
r^ *-- o T ci f 



U 



M 



■< 2 '**" "^ '^ 



' ifl" ciT TsT -^"" tC i^," '^^ fT ^ 

ji — — t-T«Ois»aociS 



h ^R -SB-!-'; 






r- CD 



3 OD t^ 



7^ ^ 















IS. 



"a .S ^^ R. ^J^^'~l ^^ *^- ' 

3 ^ ^ ^51 oE ^ 'xi ^ 



- t -.« ^ 1^ (~ i^ 5j 



;!;— 1^<4^^— <cMC4C4 



ilisgg 



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67 



^ O (^ P^ ■* 1* 
c5 *^ c^ '^^ -P •* 

^"^ £ i?f*3 o e^ lO to lo 

^ "^ Si iT-* '-S *^ ■*-© 3* Si »0 

W "&, - 'o * * »s 'o (- !?i 

s p s jjri^"— '^t'-'^^y?'"^ 



3 r* Oi Oi U5 ffj «c f^ 

H o^t^ S 00 I-* ■«1« "^ 

to C^ 7>4 -^'o'sfi QD cTt-T 



9SM 



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o '^ ■^ o t- « 






go" rn 



&, Si » s =» 9R s: rr '^ ^ ^ =? «" t? T ^ ^' '^ 

K Q *f 00 'JsO^ *^ *^ '-O to ^ ■T^io'r- T^* '-O 1-^ '^ 

,^1 SBSSBBSi8SS3S?iS 



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I •S 4 o •'' — ' ^ '^ *-* *^* '3i 3 r- t- cZi »^ -^ -T* GD 



-'-" -^"^ « !M ir>4 — I « m~*<'^ 7-4 M M r* 






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I i 8 8 s i s 1 3 i af il^s i5:ll 

50 d rfl iTTs ?o ?o :n ^ tv; r^, la ^Q »ft r* t^ ,^ t^ t^ 






11 



RnODE I3LAXD-XEW YORK, PKOYIDENCE AJO) BOSTON. 



RAILROADS OF THE STATE IN DETAIL. 



BOSTON AND PROVIDENCE EATLROAD. 
(Se^ BoUmi and Providence Railroad of Mmmchuteiti.) 



NEW YORK, PROVIDENCE AND BOSTON RAILROAD, 
(Fintmciai ifear endinq 31*/ Ai^iut^ 1859.) 

Board of DikEt toks and Officers, 1859-00» 



[Tliom&fi Til est an ,iViw York Clttj^ N»Y. 

^ Samuel D. Bulicock.. ** '' 

Willmm 11. Macy.., « " 

liamiltun Blydenbiirglij " *' 



William F. \:MTy.,.,New York CUy,^,Y. 
SatDuel Sloan,. • . ,, . ** " 

J&mes J. Day< . • ^ , « . . ,Siouingtm\^ Conrt. 
NatLan F. Dixun • . Wmhrhj, \{.h 



Matkew Morgan, President , New York City, N.Y, 

Francis Amy, Ireasurer • Stoningtonj Conu. 

A. S. Mathews, Sttf>m/i/^M</«*i --..*•. ,,,..... " " 

Prixcipai. Office....,*,.-- No, 27 Willmra Btreet, Niw York City, N.Y* 

LcjsGTH or Road— Providence, H.I., to Stoiiington, Ct « • • .50 mllea. 

Secund tt*ack; sidings^ ttirnout.^, etr*, 2 miles. 

KoLt'lNG Stoc K — Locomotive engines • ...,,*..*,,.,, , 11 

Cors : — Passenger, 15 j buggmge, mail and express, 8; freight, etc.| tJ7.-- ,110 

The ^^^w Yorl\ Providence and Boston Railroad Company is a earjflolidation of 
of the company of the t^atiio nnme elmrterod in Rliodts iKlaad in Jiioe, 1S32, 
and the New York and *Stoninj[^4on Rnilroad Coiupimy chartered in Connec- 
I ticiit in May, 18fi2, I'ho act of t^cjn^olidation was passed hy the Legi&latura 
of Connecticut in May and of Rhode IshmJ ia June, 183H, and the two cora- 
panies were merged on the l**t July of the same year. Tlie road was cora- 
pleled and t>pened for publie uyo iti the fall of 1837, and ten years later was 
extended into Providenee and to a conne^*tion with the Providence and 
Wurt5e8t©r, and Bo«toQ and Providence Railroads, At the date of the eorn- 
pMion of tlie road itjs tot^il cost was $l*,riOO,000, iti eqnal parts of eihare 
capital and bood^. The CompLiiiy sooa fell into ernbarras^sment, and in 1844 
found itself owiii;^ 8l,9lX)/HI0- To relieve it, and at the same liriio to 
exchaoge for a new security one of doubtful validity , a com prom i.^e wne 
proposed, w^hereby the creditorH agreed to receive $650,000 new Itonde iti 
foil diajcharge of their debts. By the terms of the comprotniae, $50,000 wtis 
to be annually appropriated toward the prineipul aad interest of the new 
bonds. The sums ao appropnatecl, at the date oi the last h^cal report of 
the company, had reduced the boadetl debt to S31 2,900. From the date of 
tb«.* com promise, the nominal coHtof the road, by the application of the sink- 
ing, was steadily reduced till 1848, when the sum of $1215,t2«0 was rai^^ed for 
the pur|J08e of extending the road into Providoace, on the west side of the 
town. For this object, Exteraion Bonds wore issued, fidling due 1852. 
Theeu were paid by an issue of 6 per eon t. preferred stock, to the amount 
of 8208,000, increasing the amount of stock issued to $1,508,000 — the origi- 
nal amount having been $1,300,000. The holders of the old stock were 
prtvilegt?d to subscribe lf> now shnres to every 100 old shares held by them. 
On the 1st November. 1859, the Company took a loaae for five years of 

187 




1S8 



RHODE ISLAXD— PROVfDEXCE AND WOIICESTER 



that portinii of the New Hiiveo, New London and Stonington Ruilroad 
between New Lnndon and Stonington, at onehalf it^ gross earnings. 

Shark Capital — Atitiiorized and paid iUj $1,508,000 la 15,080 $100 shurei«. 
A gtorkhc«!der on tiubscribing and paying 4 shares of ?wtr, and on surren- 
dering *iij of old, wii« eiUiUed to receive 29 shares of preferred. All the 
stockholderti availed themselvea of this privilegCi and the share capital, con- 
eequeiitlj, is now of on© class. 

Funded Debt — $312,900 : described as follows — 

1st Ifortgaffe^ 6 per cent.^ hmi4« ^ __, $3 1 2,900 

— dated 1st Angu^t, 1843, and payable, principal in 20 years, and interest 
Hcnii annually, 1st February una 1st August, in New York City. The 
Company holds $6,000 of this ii?sue ; and 8400 ai*e due but not presented. 

Cost of Ho ad and Equipment — j2,158,000. 



Incomis Accoukt for the Year ending 3 1st AuqusTj 1858. 



ReceipU— 

Pustfcngor enmagf • • ♦ $li7^Q19 

Freigbt •• .. • - .• • 104,574 

Miiil ^' *'t7,50 

Lots Amount dao -* • 2,411— 6,069 

Interest • » ■ - ■ 1,299 

BttluQcfl, iilit AuguHt, '68 •• *• 8,802 



Total.-- * »26G,943 



IHabHricmetUi 

QQDisTtLi Gxpen»e5, fuol, et« -•' 

EepiLira <if ro»ti and machinery* ..... 
New crirS] l&,054, and ongiaes, $7,456 • 

I litcrest on bonds* . * . ' 

Six por t?eiit. bonda paid 

DividetifJ 5 pur ceut •76,385 

hcsB unclttimed 2,122— 73,26!^ 

Paid unclaimod dividends 175 

Baliuice b caah" > * 30,6^ 



1 



$83,332 

44,S72 

12,510 

20,065 

2,1U0 



Total- 



.t266,&4i 



The Company publish no general etiitement. 

Cost, Net Eahninus, Kxpen2«15S, etc., Yeahlt. 



Milox.' 



Oodtof 

Tear, Road, Ac. of Road. PM»*r. 
1SI4'. $1,940,000 60 $102,139 
184S ■ 1,919,740 

1,902,140 

1,999,300 

1,B96,650 

2.094,280 

2,045,946 

1.999,946 

l,99i,O00 

1,975,700 

13B3,7U0 

1.954,700 

1,1*09,700 

l,9aj,7U0 

1,636,600 

l,B2O,9O0 



1846. 
1847. 

iai9. 

1849. 
1H50- 
185L 
1852. 
Id5i> 
ld54* 
1855- 
lS5fi. 
1857. 
I?i58. 
1859. 



60 
60 
50 
50 
60 
60 
50 
50 
50 
60 
60 
50 
60 
50 
60 



79,569 
86,049 
129,128 
117,906 
117 777 
lib, 276 
12B,043 
1;14.4K1 
N4.M0 
I75.4;i9 
154,607 

I44;^:i^ 

Hl,251 
l20,tiB4 
147,079 



.-Orosa Eamingiai- 

Freight. Mails, «to. ToUl- 

139,762 $12,824 $15.J,724 

37,586 ii,860 130,016 

41,796 10.997 UB,H42 

67,056 12,523 198,707 

56^^169 6,764 1B1J4I 

66,479 6,754 181,010 

64,495 6,739 186,510 

73,289 6,916 207,248 

63,802 13,199 211,410 

84,422 12,077 240,571 

102.027 11.649 289,115 

107,776 9,904 272,347 

96,374 B.943 249,656 

94,842 7.642 243,735 

74,056 9,101 203.841 

104,574 6,388 253,041 



Opflfatln^ 

expenMH. 

$t 11,410 

88,699 

91031 

77,824 

86,104 

86,230 

91,197 

89,503 

99,359 

95,810 

121,618 

169J51 

180,769 

160,040 

112,928 

140,714 



Earnings, $ 

$43,314 nU. 

41,316 

47,811 
120,883 

96,037 

95,780 

95,313 
117,740 
112,061 
144,7G1 
167,597 
102,306 

68,637 

93,696 

90,916 
117,327 



pc. 



32,500 
65,000 
65,000 
19,600 
nU. 
75,019 
75,384 
105.569 
46,239 
37,t>92 
37,692 
37,692 
37,692 
76,384 



16 yrfl. 30,966,902 800 
Aref 1,934,806 60 



2,037,897 1,154,805 
127,368 72,175 



153,279 
9.630 



3,345,981 
209J23 



1,793,122 1,652,669 
112,070 97,053 



709,363 
41,331 



PROVIDENCE AND PLAINFIELD EAILROAD, 

{See Barfford, Fr&vuiencs and FuhkiU liaiiroad of VonnectimL 



PROVIDENCE AND WORCESTER RAILROAD, 

(Se^ FrovtdefW$ and frarcester Jimiroad of MtmsachtistfitB,) 



RHODE ISLA^n-PROVJDiNCE, WARREN AND BRISTOL. 



1S9 



PROVIDENCE, WARREX AND BRISTOL RAILROAD. 
{Finantial year end ill ff Z\)th November ^ 1859.) 

Board or DiKEtroRs and Ofiufc.us, 1850-60. 



Tbomas G* Turner .... Worrin, liJ. 

Amos D. Smith Prointkuce, ** 

Kubert IL Ives « " 

.Mtrsball Woixi « *' 



Lt^on Cijapputin . . . • • . • .Pro^idtnce^ R,L 

Wil!ifim GtMldunl, '* » 

Sumiiel W. Cliur(!lj BtUtol, " 

W. Pbelps. ,••»...,. . . Springfield , Mars. 



CuABLEj^ T* Child, Presideut Wnrren, R.L 

Leon Chappotin, Treasurer and Secretary Providence, *• 

L. M. E. SroNEj Supetintendeid ami Chiff Engiueer* . . , • . ** •* 

pRiNcrpAL Office Providence, ProT>idttice Co.. R.I, 



Length of Road — India Point, Ea^^t Piftviileiice, to Bristol^ RJ*.... , .1P.60 miles. 
Sidings and otker track, 0.41 mile-*. 

KoLLiN'G Stock — Merchandise car?ij 3, and gravel caiN, 2 5 

LoGomotives and passenger cars nro fumisiiiid by Baston and Providence? Company. 

The Providence^ Warren and BriMal Rtiifrond Cmnpnnff is a cori8olidutl<m of 
two cOTnpunit'8 of the aume luiine, the one charteted by the ItlnxJe I^luml 
Legmbiturein Octubcr, 1840, nrid tha other by the MussacliusuUs Le*jjiylutiire 
in April, 1^47, The United CoinjKiny was organized on the 9tb July, 1853, 
{iSii, m September tlie work of construction was coimiieiiced. The road was 
oompIeteJ aud opeiietl for public use in the summer of 1855. 

Bhjirjc Capital— Authorized and issued, ^292,000^ in 2,920 $100 shnree. 
Paid iu, - - 8287,917, an 

Fdnded Deut $1119,930 I FLOATrxfl Debt.-- .._. $30,139 

— making a total debt of ^140,075, all of which has been retired hy an issue 
in Januaiy, 1800, of $159.(M)U preferred stock, bearing j>er eent. intereet 
jHjr annum, payable cmt of the net eiirnings of the Company. 

Cost of Road and Equipment, etc, — $437,067 : in detail as follows — 

GmdiiAtion and majionj7- •**•**> 9144,656 I Lnmi, bntl-iinrnngon and feinc«8 tSl.St6 

Wooden bridgea* B,6Hj | Merchaudtyft tnin- • ** 1.55B 

SiapentrucUre, inclading iron* - 138,24i i Engincertn^, etc - • .*-.,.,.. 14,646 

Stotioiu, buildingn and fixtiirfsa> •** <• • 25,^180 | Aguocieit and othur expensee •• 22,f>L4 



Lncomb Account for tiik Year B??i>iya BOth Novembkr, 1859. 



Puaenger eamioga* 

frvif kl 

Miili W34 expreM - * 



.$19,537 
. 6,039 
* 1,275 



Totol •.. -#26,961 



Disburtcmitila — 
Operating expoD»e«- • • - 

Intoraft p*id 

Eftrning* less expenaei- 

Total 



• . 977 
• • 2,851 



-f26,8&l 



Cost of Road, Mile- 

Tsir. k «qitip't Age. 

18$$.. ^m.vm 13 6 

1636.* iiB.500 13 6 

19S7.. 4.J9JH8 13 6 

1886*. 436,2.';6 136 

1369.. 4ii,6b7 13 J 



Cost, EARNiNoa, Expensk.^, etc., Yearly. 



-6 roes Eaniinf^ii^ 



PiiM^r. Freight. 
$13,025 $1,102 



OpLTatinjy EAnaingS, 
Afiiils.JtG- Total, cxpensti'ji, Icjui ex p. 



In., 



2,13U.T21 
430,114 



136 



29,625 
26,121 
lti,G5S 
19,537 

102,963 
20,692 



5,U67 
6,506 
5,036 
6.D39 

23,750 
4,750 



$105 
922 
l»117 
b3H 
1,275 

4,733 
947 



$14,232 
34,6 1 4 
32.744 
23,005 
26,S5i 

131,446 
26/2S9 



$S,976 
17,4SI 
2ii,lf»2 
21,727 
23,023 

100.602 
20,120 



$5,256 
17.130 
3,S42 
1,279 
3,828 

30,B44 
6,169 



> po. 
nil nU. 



* Bartiisive of ehnrgfA for locom'itive?! and cars, proridod hy the Boston and Pruvidenco Hall* 
otd C^mpaiij, which aris nut ilulvij, mid for which the " net eiiraingi!" are liable. 



190 RHODE ISLAND-NEW WUrC AND BOSTON. 

NEW YORK AND BOSTON KAILROAD. 



Length of Road — State Line of Connecticut to State Line of Mass. •• • 32.50 miles. 



The Wbonsocket Union Railroad Company was chartered in August, 1850, 
with a capital of $650,000, and consolidated into the New Tork and Boston 
Railroad Company of Connecticut under the corporate name of the latter in 
the year 1854. In the following year the joint company united with the 
Charles River Railroad of Massachusetts. The object of this road is to 
make a direct route from New York, via New Haven to the city of Boston. 
The latest report of the Company is that made to the stockholders on the 
3d October, 1856. Since then nothing further has been effected in the con- 
struction of the work. The financial condition of the Rhode Island Com- 
pany, according to the report of 1856 (the last published), was as follows • 

General Statement, 3d October, 1859. 
Dr. 

GraduAtion and maaonry 9131,992 

Land, land damages, etc 9,363 

Engineering 7,672 

Agencies and expense account 1,7 15 

Interest 1,459 

Indiyidnal accounts 1,11 1 



Capital paid in 91 14,37b 

Bills payable 27,675 

Due individuals 8,450 

Due Connecticut. 2,812 



Total 9153,312 Total 9163,312 



H LAWS OF THE STATE IN BEFEREXCE TO RAILROADS. ^H 


^^ List af all the Railroad Companies chartered in the State of Rhode ^^^^| 

^Hpi^land, with the datea of the Acts of their incorporation ; nnd al80 the dates ^^^H 

and tilwtnicts of all laws passed by the Legi'^latiire in reference thereto, ^^^^1 


. The MJitflrtfk [*J prufljied sigDifiea that the irork of eoD^itruotioD hnx not buon comuaoDoed. ^^^^^H 


Corponitis Titlefl. 


Law^. 


AbfliroAta of Lawa. ^^^^H 


^^^ BosTosrl PnorioKscK EH A TiU5S- 


1834, p. ^ 
1935, p, — 
1837, p. — 
l84-i, p. ^ 
1861, p. — 
1853, p. ^ 
193S, p. - 
1869, p. ~ 
l^, p. - 
1B3«, p. - 

1861, p, -' 
1868, p. ^ 
1868, p - 

1832, p. - 

1833, p. ^ 

1836, p. - 
1B40, p. - 
1841, p. - 

1846, p. - 

1847, p. — 
1B46, p. — 

1849, p. - 

1837, p - 
1837, p. — 
1631, p. *^ 1 

1832, p. -^ 

1833, p. - 

1850. p. - 

1862. p. - 
1866, p. ^ 
1846, p. - 1 

1861, p, - 
1851 p. - 
ISh'i, p, - 
IBo'l. p. - 

la'is, p. — 

1846, p, - 

1844, p. - 
1846, p. - 

1845, p. - 
1852, p ^ 
1832, p. - 
1856, p. 168 
1856, p. 1U6 
IB69, p. 38 

1848, p, - 
18S0, p. - 
1850, p, ^ 

1862, p, - 
im, p. - 
IBoO, p. ^ 


Act of incorporation, Mnj. ^^^^H 
Mjij con»irtict rcNtd over Seekoiik River, Jan. ^^^^H 
Raloth'e to itciimbojit«, June, ^^^^^H 
Miijr mn^intatn ferry over Prorid'cc Hiver, Oct. ^^^^H 
May take stock in Protr. and Phiinlield UAy ^^^^1 
Chan^d to Boiton and Pnirid^nce, JantJ ^^^^^H 
Act a? incorponitian, October ^^^^H 
HelivtivQ t<i Wn<Ij>i, January. ^^^^^H 
TinK^ of filinj( elitlms against, extended, Jua. ^^^^H 
Act of inoorponition, June. ^^^^^H 
Authorizttd to tncreuAe cm pita t fltock, June. ^^^^^H 
ttel4ttivc to Wijon#ri<L<kut Tfiion REl., Jnnuar}'. ^^^^^H 
Relative to contratita made with New lUven, ^^^^^| 
Picw LtnidiiU nnd ^Stotiinirton RR , May. ^^^^^H 
Act to introrpomte, June. ^^^^^H 
May unite with NYork And Stonin^ton, Junft ^^^^^H 
Suppli'ment to act of incorponttion, June ^^^^H 
Autbori£(»«1 to IncrcitiN; ¥tiK-k» Jitnunry. ^^^^^H 
May uJEt«nd rund into Prov iile nee, January. ^^^^^| 
Relative to ifon^truction of rond, etc^ Oi^tobor. ^^^^^H 
Miiy increiMe i-npitul nt/xk, May. ^^^^^| 
Actuf incorporation. Mriy ^^^^^| 
Time for orgHnictng extended, Jnnui\ry. ^^^^^| 
Authr>riicd to construct a railroiid, Jn nunry. ^^^^^| 
^upplefficnt to act of incorporatioii, Jimuttry. ^^^^^| 
Aet of iniortxiration^ Ontobor ^^^^^| 
Rclntive lo p«:iwcni, January. ^^^^^| 
Amends fk'L of incorp&nitiun^ JaniiAry. ^^^^^H 
Act of incorporation, Qctotter. ^^^^H 
Chanf^ed to Prov , Warren and Bristol, Jan. ^^^^H 
AtilburiEed to ieiiue scrip, Jitnuary, ^^^^^| 
Act of incorporitiion, June. ^^^^H 
Atithorited to burrow money, Jnnuiu-y, ^^^^H 
City of Prori donee nuthoriied to loan to, Jun. ^^^^M 
United with Rartford, Prov , k Fifhkill Jan. ^^^H 
Changed from Proridcncc and LtrlBiol, Joue. ^^^^^| 
Time for locution extended, May. ^^^^^| 
Act of incorporation, Octobi^r. ^^^^^| 
Act of inrorpomtion, May. ^^^^H 
Relative to Kharefl, June ^^^^M 
Relative to the powers of, October. ^^^^^1 
Refatire to plaeln^^ auf^ninn at crfissmg, Oct ^^^^H 
Act of incorporation, June ^^^^H 
Relate TO to payment of wilnesflea, Janaarj. ^^^^H 
Act of incorportition. May. ^^^^H 
Charter amended, May. ^^^^H 
Act of incorporation, JiiDfl. ^^^^H 
Kelative to completion of road, Augnit- ^^^^H 
Charter amended, August. ^^^^H 
Time far |{>cation extended June. ^^^^H 
All doing? of stoi kliolder# l<^|?aUtod, Octobof. ^^^H 
Act of incorportition, Augunt. ^^^^H 


■ a U ti 

^^ •Faix RivnB A Pbotidincb 

^K^Kew BKtiprmP A Fau. Riveb 


^^ u u ♦* 


Kkw York, l>RovinB!tcv A Bostok- 

fi H ti « 

^ tl U II 

i« u a 1* 

M U W It 
U 11 li »l 


^H 

^^r *Pa«tijcket k Prov B. Tdrmpike 

» *i H 




*• II ,.,..•..«,, 


*PMVII>BirCiS 4 BUWTOL 

Pw)VII>B)fCE & PLAIMriKLD. - 

tl H , 

« " 

•P»T^ Wabre!» a Fall Rtvm- • • - 

PlOVIi>SifCK Jt WojlCEfiTtll. 

*♦ ♦* 

N U , . , 

•Rlltl1>« fiiUlSD A COWKECTICUT ■ • • ■ 


aivYijtGrojf ,♦.»»••-■ ..*..•*♦ 

•WAftntji 4 Fall Biveil - 




M tt ,,,♦ 


tl •* .*.>•»><,.. 


«4 It , , 


M, It ,,., 


WOOPW>C«T USIOH 



STATE OF CONNECTICUT. 



Boston and New York Central. 
Danbury and Norwalk. 
East Thompson. 
Farmington Valley. 
Hartford and New Haven. 
Hartford, Providence & Fishkill. 
Housatonic. 



Nauoatuck. 

New Haven and Northampton. 

N. Haven, N. London & Stoninoton. 

N. London, Willimantic & Palmer. 

New York and Boston. 

New Y'ork and New Haven. 

Norwich and Worcester. 



The Railroad first constructed in the State of Connecticut was the Hart- 
ford and New Haven, which was commenced in 1836, and about one-half 
of the distance between Hartford and New Haven opened in 1838. It was 
completed between these points in 1839. In 1844, the entire line from New 
Haven to Springfield was opened. It has since its completion been a suc- 
cessful work, having paid dividends at the average rate of 10 per cent, per 
annum. 

The Eailroad next opened was the Norwich and Worcester, which was 
completed for its whole length early in 1840. It has not been a productive 
work to its stockholders, having paid dividends at the rate of only 1.5 per cent. 

The third Railroad opened was the Housatonic. Its construction was 
commenced in 1837, and completed in 1S42. It has been an unfortunate 
enterprise, having paid nothing to the holders of its common stock, and 
nothing on its preferred stock since April, 1850. One cause of its ill-success 
has been the leases taken of the Berkshire, and Stockbridge and Pittsfield 
Eail roads, on which the Housatonic Company pays 7 per cent on the cost 
of these roads, which form the least productive part of its line. The rent 
paid amounts in the aggregate to $74,407 annually, the greater part of which 
is probably a loss to the Housatonic Company. 

The fourth Kailroad was the New Haven and Northampton, a portion of 
which, to Plainville, was opened in 1847. It was completed to Granby in 
1850. In that year it was leased till 1869 to the New York and New 
Haven, at a rental which has averaged about $71,000 annually. The road 
has been run in the mean time at a loss, after payment of rent, of $37,687 
annually. The entire loss to the New York and New Haven, and Hartford 
and New Haven Companies for 10 years past on account of this lease has 
probably equaled $500,000. The case is a good illustration of the danger 
of entering into leases having a long time to run, for the absolute payment 
of large sums where the amount of income of the leased road is a mere 
matter of estimation. The rent paid has enabled a road, otherwise unpro- 

192 



ductive, to pay regulur tli viclends out of tli6 eaniinga of another company 

which \» compelled to foronro them. 

In 1840, the Naugatuck iviiihuad was opened This road has paid di\i- 

dends averaging 2// per cent, aniuiiilly. 

In 1850. the New York nnd New Haven wns opened. This roiid^ though 

in pos8©8Bion of a large income, hnn juiid dividends only at the rate of 2.G 

per cent, annnullj^ The company have lost 8356,44*2 on account c»f the New 

Huven and Northampton Kaih'outl, and $876,84*2 by the Norwalk accident. 

iPor several years past it has made large expenditures from earnings upon 

Its roud. In 1854 a fnjudnlent issiUti of stock, to a large amount, wa.s njade 

by the President and Transfer Agent of the Company, These issucB have 

not been recognized by the Company. 

The New 1/ondon, AVi!hmantic and Palmer was opened in 1851, It haa 

proved an unfortunate enterprise, and, having failed to pay the interest on 

its funded debt^, it8 ^rst mortgage has been foreclosed, and a new company 

formed under title of the New Loncion Northern Kailroad Company. 

In 1^53, three roads having an aggregate mileage of 124.77 miles wero 

[Opened, viz: the Danbury and Korwalk, 24 miles; the Hartford, Providence 

I and Fishkill, 50.77 miles, and the New Haven and Nev^' London, 50 miles, 

[The Banbury and Norwtilk has paid dividends averaging 4-4 per cent. The 

I Hartford, Providence and Fis^hkill, a portion of which was opened prior to 

[1853, has been an unfortunate enterprise^ nnd is now in the hands of trustees 

1 under its first mortgage for the non-payment of interest. The New Haven, 

New London and Stoninglon, which is a consolidntion (jf the New Haven 

tad New London, and the New London and Stuningten Railroad Compntiies, 

I hns also been an unj roducUve work, having made default in tlie interest on 

ftU its bc>ndH. 

A portion of the New York and Boston has been graded, but not brought 

I Into use. The Boston and New York Central and the East Thompson Rail- 

mads have been oi>erated by the Boston and New York Central, and the 

Midland of Massachasetta, 

Statcmkkt, $h{nHng (hf Sfmre Capital nnd DthfM of the stveral Railroad Companies of the 
Si/U4 vf Cijiiutcticnt^ with the ammtiU of pnxlfwUvej ami uttpioducUte en pit id in rmh : 



Corpnmt« Title* of 
Coiopnnicf. 
IHiibisrj A Nonr»lk» ♦♦ 
'liftfrvM A New Iliivea 
I^roviilejace A 



Totjil. Prodaoiive. Udprod. Debt. 



N«w Iiondmi 



2,350,000 2,i6D,UOU 

2,042.540 

2,0O0.0CH) ^ 

l,Oil,e(MJ l,03J,800 



yG4,000 



i Total IiiiJohtedt]f*f» -^ 

Aro't PrtwJartive Tuprud 

193.256 «9a,25fi 

964,000 964f0tKJ 



2,042,640 2,055.500 2,161,692 2J6I,692 

2,000,000 232,000 a55,l75 365, 17& 

2$7,3:&0 334,096 334,0% 



.-r.in . 



738,538 
921500 



922,500 



K ni-.iri \ \ iriharopton 
> f>mW' n U UliiuMtitJO Jk 

P*lm«f -'- -" 510,900 

y«w Ywk it New HAven. 2,f*80,939 2,980,839 
lf«inek 4 Woroetter^ 

ToUl. 



738,639 



846,452 
700,000 



846,452 
700,000 



700,000 



846,452 



51 0,900 1 ,052,000 1 ,052,a00 ^ 1 ,052,000 

2,?19,nr>0 2,il 9,000 2,219.000 



2.ri2,300 ....»* 2,122,300 714,W8 775,280 776, 2B0 



^4,979,467 7,564,199 



7,414,279 9,163,300 9,500,951 

9jr 



r,602,499 l,S93.452 




STATB OF CONKECTICUT. 






< ? 



I '"^ 
-*5 S 






O O S t^ '^ ' 

3 =1 O O O * S. a 



C **• ?* tw iQ f'i. '* — -^ 3J s-^ ^ C: — 

cHicnMai — dE — ocSoe^*'* ■- 

M^ --. ^^ ^^ ifS tC ^fi " ■ 



i rv^, c'l r^ ^ J. in . , ^ ,^ C-l 

> QQ. fctS 1^ _. . - _ ^ QD 



a _ S ^ g 3i m: ♦■- f^ "^ *il« Sl Xi •£ tfi — T* ."n ^ T I't !i> -* OD 



e|e 



^^^ 5 ix o3 ri^ o ?f r: r* srs — c^i :c ^. o m% ^s — cm — 



III 






1=1 

£ t g 



^ tn r^ Clj 2* ^ v^ -T C£j « OC O S — • iO ^D s — ' t-. T -*> 
«a jp tt I'^^t^* «^ rp lX;i 'V^s t- 'xi ^ «'<- ro kO ^ t^ t^ o C4 
-^ *ft dj -4 (£)<^'?4 i-sTr^'c'iNT'^'o OD xTo'ccT^'o'iia'--'" 

r^ J^ -O ,1 C% — ij;, 31 ♦ -. Oi ,0 t- its -T Ol JO ^ ^ ^ H5 n 

«l tfi, *c ^ 1-^ QD t-^ r^ io in ij^t^ tp CD — «^S *o tS w w -^^ 
r2 CC'T ''f r- »* »o ua — r* "-ti I'- lo r-^ «^ 3" s7^ o la vc -^ 

^ £f i2 *^ M r» — ^ re ^ en -* S U3 «if %o '•^ kO w cc o 
•3i o \o (o OQ f *> oi — . oi Si a# ci — ' — " ^ f'. '^ Si rr fcc td 



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jf^ i::^^x:rj 







^ cfii ;c ^ -^ 
■ - fts 0& r*s c*» « -^ 



Ci r^ i;o c* cjD f^ oti ■© 

Vr CIj ^ fO — " ^ !X> t-". 

-^. 'po tc 53 — ^ ?■♦ -» 
^ Ji ^_^— i 5> — ?5 r-Ti 1-* 

' »C! -sP r* n" f<i V V "T "^' 

.**•<—» fr* ei CM -?-♦ tM !^* cj 

Mi rc' r** f^ Qc ^^ O P* 

-: ./ •- -+ t- *?" t£i' l« 

. ' -* ^* -^^R- 

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RAILROADS OF THE STATE IN DETAIL. 



BOSTON AND NEW YORK CENTRAL RAILROAD. 
Ttie Bfynfon and New Ym*k Central Railroad Company of Connecticut was 
ehurtered in 1K40. It is a short link of ahout 8 miles, designed to connect 
the Boston and New York Railroad of Mas?*uchuHetta, with the Norwich 
and Worcester i\ailroijd, in the town of Thomnson. It was constructed 
iD 1853^ by the Muf^saclmsett^ Cojni>tiny, by wliich it has bf?en operstted im<\ 
managod. By an act of the LegiJature of Connecticut, p aspect in 1S5N, it 
waa transferred to the Midland Railroad Company of Massachusetta, 



DANBURY AND NORWALK RAILROAD. 
{FimmM ifear endtti^ SIH July^ 1859.) 

Board of Dijiectohs and Officers. 1859-60. 



Kdgtr T- Tweedy Dfjufmr^^ Gt. 

hfrcderick S. Wildman. 
[Luchift P. Boyt. . . « * , 

iDaud R Nickola 

lAss. R Smith NvrtcaJk, " 



jMnathmt Camp *, ,Nbnoaiky Gt. 

Win. C. Stix»et* ** ^ 

lisfljM! S. Bird " " 

FmJenck Bclden. " «* 

Ebenezer Hill " « 



Eli T. llovT, Prfmdent., Danbary, Ct. 

OkiciRG r, \S. T vr^, Trtaanm' " *' 

fJciUN W. Bacon, 5aj3mii^ewif7i^ " ** 

IpRtKciFAi, Ofkice , Danbuht, Faiffidd Cb., Ct. 

[Length of R0At>— Nurwalk to Dmibury , , 23»8I milea. 

Length uf sidhi^s, \.^M titile« 

RoLLtMO Stock — Locomotive engnn^ * ^ 

V%T% :— Pa-ssenger, 4 ; freight, 34 38 

The Danhitrif and Norwtdk Rnilrmul Comptmif was chartered in May, 1849. 
Construetion wtis eommencod in L851, and the road completed in 1852. 

Shark Capital— Authorizedj $400,000, in 4,tmO SlOO shares. 
Paid in, ^ 279,100, in 2,791 ** 

Funded Dkbt— «lt2,000 :' in detail as follows— 
Ail l&t MortgMo^e 7 per cent, coupon bondw issued nrid made payable 
at follows:— $oO,nOi>, issued 1st Oct., 1851, and puvahio Ist Oct, 1801; 
|25,rmO, isusiied L^t Jan., 1S54, and payable 1st July/lHtH; S10,000, issued 
1st July, 185'>, nml [layable 1st Jtdy, 1870, and 87,000, issued 1st Sept., 
1S59, and payable Lst Oct., 1880. Interest payable hnlf yearly from the 
dnies of the respective issues, at the Company's office. The moitgiige pro- 
vided for an issue of bouds to the amount of ^100.000. 



i»r 



GfixsHAL Ledger Balance 8hhbt, Ut ALrausx, 1859. 



CofMrQctioa * #336,842 

S^atpiBcul ^.»-*.#... 60,873 

BMl«»Utii • 9,193 

Ckil umI in«t«riiilf for rOfulrS' •.•«-•• 12,699 



Hotel. 



• 1408,597 



Or, 
$279, 100 
• 95,000 
. 4,600 
. 39,S97 



T»ijil. .fioti^syT 

195 



Cipltnlatwk" 

BonclB 

Dill 11 payable*. 
Profit ttod iotS' 




CmC 

I9n^* 1369.738 
16M-' VB,in 

1899 ' • 99W|QQl9 

\m$'* 386.798 

18fi8- 392,732 
19111"' 



Cowt^ EiRxiNoa, Expenses, rrc., Ybaelt. 

Ill)*- f - Groat Earsiti^f . 

•f*. pMi*gen. FreigbL M^il?. etc Totai 
24 928,939' 917.S22 92,469 9433)0 
24 28.758 17,628 " "" 

25.270 

27,937 

30.379 



24 
24 

24 
24 
24 



28316 
30.851 
28,440 

26,728 26.r28 
31,756 39,233 



2»279 
2,155 
2^ 
2,726 
3,193 
2^36 



48,661 

56,264 
6L134 
61>I5 

56,044 
73,825 



928,157 
35,653 
34«341 
36,098 
34,532 
35,426 
45,8i3 



EarniDgs- 9 p e> 

920,673 914,776 hk 

13.011 nU. 

21,923 13.970 

an 



26,036 

27.013 16,743 

20.613 13,952 

27,992 16,746 



nil 
5 
3 
6 
5 
6 



7^1*,' 92,694,143 
AX9T- 384^9 



168 204,188 134,097 17,999 406,283 249.040 167,243 84,518 
24 29,170 26,2^9 2,571 59,040 35,577 21,463 12,074 4.3 



EAST THOMPSON RAILROAD. 
The Efid JTiompmn Railroad Company wus chiirtered in 1B49, Its lioe ex- 
teTnlp<l iVum the line of the Bo&ton and New Yark Centnil Ruilroad in the 
north-ruj^terri jwrtion of the Tinvn of Thrnn|w:jn, in direcHoo of the Town of 
WehsttT in MassiichuHetta, a distance of about 8 miles. Its const miction wna 
nndortMken by the purties intere^sted m the Boston and New York Central 
Kailnijul of Massarhiisotts. According to the Inat Report of the Railroad 
CrnnMiiHwionerB of the State of Connecticut, its cimrtered rights have ox* 
pii'ed. (6W Midimid liatlroad of MauachmetU.) 



PARMrNUTON VALLEY RAILROAD, 
The BirminffUm Valhtf Riulrmd Vfmjmnjf was chartered in 184D, Its line 
extended ft'orn Graiiby to the State line of Massachusetts, a distance of about 
4i inilci?. Tht3 Farniington Company having expended Sl*],340, its road was 
HohJ 1)V the same to the New Haven am] Northaiopton Kntlroad for 81O,*H)0, 
])ayaljle in «ix per eent. bonds of that Company^ of wlio^e road it now form» 
II part 

HARTFORD AND NEW HAVEN RAILROAD. 
(Financki year endmff Zlst Atigtist^ 1859*) 

BoAiiw OF Directors and Offk frs, 1859-GO, 



tlulhis Catlin * Hartfmd. i't. 

Coiru'luis \'iindurhi1t*..,jVtfif Ft)rA', N,Y, 

J<>lin A, JiohiiiRon " ** 

Thoimi'^ 11, 1'rri\vt>rul«re, ,,New HavfUy Ct. 
Cu*ttLR!j F. Pond, Pr»'H4fnt. 



Cljo^ter W. CJiapin Springjidd^ Mwss. 

Janios S. Brouk'i. , . , . , Meridin^ Ct. 

Sftmuel H. Fareons , .. •. ^MiddUtown, •* 
Hitrtford, Ct, 



HcMiATin Fnrii, Trovsnrer ami Setretatf/ ....<.. " 

K. M» RnKD SnpeniUenknt ,,• • " 

riiiNcirAL DmcK . . , , IIautford. Hu^f^rd Ct, 



CONNECTICUT-HARTFORD AND NEW HAVEN. 



197 



LiNOTH OF Rokty — Main Lhte, U-AvUonh Ct., to Spriiigfield, Mass., mclud- 

ing 5,S7 miles of rnjul m Mns^tihusetu. .»,».. GLSS mHcs. 

Braiidh LiJie — Berlin Jiinctiun to Mi<Jilli*tovvn. *•..•.♦ 9.76 '* 

" " Jmictiou tu Iliirtford City 0.87 <* 



Total length of Main and Branch Lmes ..*«......,.... •72.01 miies* 

Leogth of second track, 55 mtlon, and of sidings, etc., C^.a4 miles. 

HoLUxa Srocii — ^Locomotive EngiiieH * 18 

Curs :— Pas'^eojjjer^ (not including New York and Bo-ston Lino cars), 21 
*' Baggage, L'l j freight, 2il0 ; gravyl and wood, 29. .302^323 

The Jiari/ord and Ntuo ILtiwi Rultoad Gompuny was chartered in Connecti- 
cut ia May, 183Ii, and authoriziid to coa^truct a road from Hartford to Xevv 
Haven, 3r)i imlo;*. About o^io li;df of tho road betwoLin thdso points was 
opened for public vim in 1838 — tho bulaneo in 18^:i9. The Corapany in Mas- 
fiachuisatts woa cbartered on tho 5th April, 1839. In both charters authority 
waa givoQ for the union of the two companies. Thtj MussachusottJ^ Com- 
pany was organized on the Gtb Oct., 184L In 184rJi the two €ompanit?3 en- 
tered into an agreotneat for tho construction of the MaHaachnsL'tt^^ poilion of 
the line by the Connecticut Company, the latt43r to own and control the same. 
Under thia agreement iU construction was immediately coianienced, and 
early in December, 1844, the road wiia opened for public use. The brancti 
to MiddletowD was chartered in May, 1H44, and opened in March, 1850, 

SiiAas Capital — Anrhorized, 82;i5<),0iJiJ, in 23,5i)0 8100 shares, viz. : 
Iq Connectieut, $2,050,<*00 ) .„ .,. 
In Ma^^sachn^etts, a01>,0(}0 \ ^^ P""^"^ ^^' 

Funded Dkbt, 

\4 Mori^a^e^^ per cmL coupon hondn ._,. ^ §964,000 

—dated 1st Jan., 1853, and payable, principal 1st Jan.^ 1883, and coupons 
aemi-amiiiully, Ist Feb. and 1st Aug., in New York. 



OosT OK Road and Eauu^MeNr— $3,362,010 : in detail as follows — 



OoBitroctioa and c^ulpmeat'.* • •2,604,295 

Wooden bridge* » * - - » 264^950 

SBperrtmctttt*, incladlng iron, 197,433 



Locomoiivo onginoi! 
Ptt«AQnger and other aim- 
Eiptiiiditiirea, 18&8-9-"- 



•94,000 
160,000 



Inooms Account for the Year ExDr^o 31st August, 1859. 



Hmmm- • ISBT^tiS 

Frtlght ^ 283JI3 

UmjIm, expticu9e«, and nnts 42, 179 

Cub (in hand, lit Scpt^ 1868. 12l,0i2 

H.,P^»iidF. Co---- 280 



Toul* 



* 1944,772 



Opcrnting Qxpon««a « •342,l£ia 

Wviilcoda ^ - .. 232.902 

Intero»t.** 67,198 

Mi4»colLaji(»ou9 bjilaDceg. • • • • • • • > 65,2B7 

Coshoahaad, 3lBt Aug, 1839-' •-- 167,192 

Total ..-..•944,772 



Vr, 



lomltnapQ Jlridgv SlAok 



OfiNSRAL Lkdqgu Bala.nck 8!I££T, Ist Sbptbmbeb, 1859. 

Cr. 

Cupi tal itock §2,350,000 

%4 bonJj' - ■.. 964,000 

Kcporved Ftind--- * 160,000 

Contingent Fund 245,400 

Profit and Lost! Account 206,669 

Diviriuiiifl U!rdpai<l- ...*.» 5,3^ 

Credit t^ Tuuihni4on Bridge Co B,86i 

l}\ihtg Ju<? hy the ComptuQj 2,217 



.•3,108,019 
■ 254,000 

lO'i.ebS 



Wood. iUwk and toola. - 132,50i 

ihUt0 diM the Coiii]>aiij* « • • i * - vr... 

Cub «o band • 



U5,t02 
157,192 



ToUl • - 
• OrigtRat t 



.•3,932|432 



Total •3,932,432 



im 



CONNECTICUT— HARTFORD, PROVIDENCE AND FISHKILL, 



Co9t of 
Tear. K<vid, Ae, 



Cost, Earnikos^ Expenses^ etc.. Yearly 



»39- 
'40*. 
•41.. 
'42** 
'43.. 
M4.. 

•46.. 

»49.. 
•50.. 
»51.. 
♦B2.. 
•fVJ.. 
•64.. 



at Road. P*wsen>. Frwigbt MailB,oto. ToUL 



1729,606 
851,121 

969,049 
1,t:iS,92i 
1,621,720 
1,690,260 
2,109,865 
2,364,813 
2 405,;ili 

2,6:ii>n 

2,742,245 
2,905.689 
3,164,832 
3,295 636 
•66.. 3,318,932 
»66.. 3.329,377 
'57.. 3,3*29,601 
•68.. 3,320,668 
*59.. 3,362,019 



iai3 

36.22 
36/22 
36 22 
36.22 
36 22 
6175 
6175 
61.75 
61.75 
6175 
7233 
72 38 
7238 
72.33 
72,39 
7238 
72 38 
72 33 
7238 
7233 



301.752 
359,169 
396,383 
405,173 
476,174 
444,239 
430,447 
455.036 
371,906 
397,563 



160.416 
166,734 
172,547 
200,154 
243,643 
250,039 
264.667 
274,662 
215 657 
263,713 



29,762 
30,101 
31,479 
34/201 
37,834 
35,734 
35,680 
39,367 
40,782 
42,179 



*47,098,407 1/253,04 
Arer. 2/242J91 59.66 



$31,933 
65,147 
91,306 
90J60 
89,294 
99,632 
183,834 
228,611 
324,725 
430,212 
432,603 
490,930 
556,004 
6<>0,408 
6J9,528 
767,651 
730,012 
730,794 
763,065 
628,245 
723,460 

9,694,353 
4i4J16 



Oporatiag: 

ex pontes. 

911,500 

23,152 

29,270 

30,429 

32,809 

32,733 

62.712 

89,187 

130,426 

145,663 

142,401 

196,454 

236,011 

268,185 

304,180 

398,760 

377,213 

393,555 

372,907 

338,454 

342 J 93 

3,957,098 
188,433 



EAftl g9j 

lorn ex p. 

•20,433 

41,995 

62,036 

60,331 

B6.4B6 

66,899 

121,122 

139,424 

194,299 

284,644 

290,402 

294,476 

320,993 

332.223 

335,349 

358,891 

352,799 

337,239 

396,258 

299,791 

391,267 

4,737,253 
225,663 




24,{>00 

32,000 

2t,000 

40,000 

72,000 

86,865 

111,060 

136,000 

160,000 

235.CK)0 

352,500 

235,000 

235,000 

235,000 

235,000 

352,600 

235,000 

235,000 

235,000 

3,273,925 
155,901 



8 
10 
15 
10 
10 
10 
10 
15 
10 
10 
10 



71 



HARTFORD, PROVIDENCE AND FISHKILL RAILROAD. 
(Ft/mmnai ijmr ending ZOth SepUmher, 1859;) 



BoAHD or Directors and Officers, 1850-60. 



Alfred Smith. -,. 
A. 8, Beck with.., 
Albert Day- , , ., 
Edsou Fes-senden.. 
Julin R Eltou..., 



.Hart/ord, Ct. 



i( 






Byron Spraf^no. .Proixidmvty ItL 

Wi I i iam Spragiie , .•..,, • " *♦ 

Ilu nry Li ppi tt '* " 

Stepfien lljUTis, ,PhwniXy *^ 

Jo*iepb Truiiibiill* * * * Hartfimi^ Ct. 

Jamks G. Axthon Yj Pnmitnt , .Pruvidence, R,L 

Edward D. Buiogeman, Treasurer Hartford, Ut. 

Samuel Norr, Sniiennt^mkit/ ami Engineer ♦ • . - - • " ** 

TrmtecB muifr GmnfiiiaU Mwi^ngna — Da?id F, Robinson, George M. Bartbolotnew, 
and Calvin Day^ of Hartfurd^ Ct. 

Trustti^ under Rhotfe hland Martgages — Sbiihael HutcUins, Stephen T, OIney, and A, 
C. Man ran, of Providencej K.L, aud tb© Trensurer of the city of Pro %i deuce. 

Princcpal Office- ....................**..«...... ,11abtfohd, Hartford Gj., Ct, 

Length of Roai> — Providence, R.l.j to the Ct»iniecticut Line 26.32 tuiles* 

Kbode Island Line to Waterbury , Ct 90.04 " 



Providence, K.T., to Waterbury, Ct. 122.36 miles. 

Length of hidings, turouutH. utc ...••••..,•.«•,,. 10.75 



Rolling STocK^l^ricomotlve Enginon .... 
Car* : — Passenger, 2t> ; bagj^aj^e, 9 ; 



-... IG 

Ireiglit, 201 ; gi-aTel, etc., 40 270 



The Ilariford^ Fr^ridmrn and Fi»hkiH Raiiroffd Cmnpmtf is a consolidation of 
two companies — the Pi-nvidence and Plniniield, tdiiirtored in Hhode Island in 
June, 1H40» i!nd tlio New Yurk and Hartfurd, clmrterod in Connocticiit in 
M;iy. 1^45. Both charters provjtkcl for u union of tho i-onqmnies, which 
was consummated m 15547. Thu object of thoso compatiioa was to couistruct a 



I 
I 



CONNECTICUT— HABTFORD, PROVIDENCE AND FISltKILL. 



199 



railroad from Providence, thrnucirh Rhode Islai^d, Comiecticut, and Netv 
York to the Hudson Rivenit Fii^fikill, up[iositG Newhurg", and thero connect^ 
by ferry, with the New Yovk and Erie Kiiilroad. The work of consti'uclitjn 
was commenced in 1847, and the ri>:nl ei>in|ileted as follows: — From Mart* 
fort east to Willi majitie, and west to Plainvtlle in 1840 ; from Phdnville west 
U) Bristol in 1850 ; from Willi lanntie eant to Providence in 1854^ nnd from 
Bristol west to Waterbury in 1855. Failiiiqf to pay the coupons i!ue on the 
J St Jan., 1858, the directors a«?*"ttrned the whole property of the Companv to 
Trnstees, who took jx»ssessioa on the Ist February following, afid Have Bince 
that period had the management of the road. 



Shark Capital— Authorized, 14,500,000, in 45,000 «100 shares. 
Paid in, g2»037,939: as follows— 

Ordiimry Share Cupitiil. • - . ■ • • $1^637,939 

Pr«f«rrcd " *' (of whivh 1 1 1 ,200 aro eliiimod to bo hy potheoaUd) ... - - 5U0,UlK) 

The Preferred Stock wits created ia 1>^54, and calls for dividends at the 
-fate of 10 per cent* per aniuim, and has preference over till otlier kinds 
fof stock. Three semi sinnual pnyment^ were made on account of the same — 
riocn which not[iin;L,f h;iH liccn p:iid* The Company have a right to re pur- 
hose the stock, us rullovvrt : — §24,000 the pre.sent year, and the balance io 
18C5. Of the wliole iirmmnt of Preferred Stock issued, $101/200 was hypo- 
hecated, and 8308,800 sold. 

Seven per eettf,^ coupon hondn ^^. ^._-.. 8*2,055,500 

All the bonds issued by the Company are 1st Morto^a*2fc Boads; the 

mortgai>e pnnidiag tvw itu issue e(|Uul to onedialf tlie cost of the road. Of 

tlie whole amount, S4!^l,rMH) lu'e a lien on that portion of the road lying m 

[the State of Rhode Island, and 1,574,500 on that portion of the road lyiny 

* I the State of Connecticut. The bonds are payable at various dates fro!ji 

I860 to 1876; interest payable 1st January and 1st July, at the Company s 

f office, in Hartford, The cities of Provideace and Hartford each ln>ld 8500,- 

I of the bonds in exchange, and as secmrity for their own bonds for like 

[•mounts, delivered to and sold by the Company, The bonds held by the 

lities fall due in 1876. The City Bonds bear six per cent interest. The 

[difference in the interest between these and the Company's bonds, one jver 

Toeut,, is })ftid to a Sinking Fund fsir the retirement of the latter. At the dale 

Jof tiie last annual report of the CompLiny, 1st October, 1S50, tfie umonnt 

Iheld by the Providence Siiiking Fund was ^29,914, and by the Hartfonl 

I Sinking Fund» 837,088, At that date the amtumt (»f overdue coupons was 

$123^1^34. The dates at wliich the h^mtls of the Company were issued and 

»rc made payable^ were refused by the Treasurer of the Company. 

Floatinq Debt — $310,444, notes and bills payable; of which sum $270,200 
are secured by hypothecated Preferred Stock and bonds, 

Incomx Accoont from 1st Fkb., 1858 to 30th Sept.^ 1859. 



Viwflii " 

MaUi^ tsprMi, rtota, «to 



Tot&l ' 



■ #296,742 
. 224,259 
. 24,a03 



••535,004 



Uitbii raejnenU — 

Opormtini; evpeaiM^ $290,012 

Band* dm Itt July, 1859, pnM 62,230 

Inti^roKt paid, - • • 13:1,059 

Int4>re«t necrued to Ist Oct , 1859,' • * — 3!,67.S 
Surplue OQ knnd • * « , . 27,828 



Total - 



$535,004 



aoo 



CONNECTICUT— KOUS ATONIC. 



in detail as follows 



Cost ok Road and EatiiPMaxT— $4,205,966 : 

Grsduatioii atid luiLaonry ^ <■* ■*^ Sl^H'^^dlG I Engineering* 

■Superstructure, iuergiruii aui bridges 1/21'], 475 | Luooiootivef, 

StaUiiDs^ buiidlagii aoii fixtun^B*- •< *> 177^453 i freight, Hnd other ear* • 

h&ndf taado^mAgefi uAd feouea 360^l)(i4 | Agencies euid other expense!. • 



paasengerf baggage and 



302,5 If 
71.78 



Or, 



General Ledqeh Balance Sheet, Ist Oct., 1859. 



Sli«re capital, ordinary 11,537,939 

Preferred atwk.* • - • «500,000 

'' hypotliocnt«d. 10 1,21)0—398,800 

Bonds i«ued.- - - - - • * $2,055,500 

** '* hypothecated. 245,000-1,810,500 
Notei and oecounbi payable^ •• ^ <••• < 319,4 14 
Premlom nnd iiitereAt rotieivod on 
htmds i«ued by Ilfirtford and Provi- 

denoc, H^Ul 100,325 

Profit nod hm •"■ 104 681 

Bonds pAid by trustees and c&ocellod. 52,230 



Total* 



.$4.3^3,922 



Dr. 
S3,903,455 
302,511 



Cost cit roftd ♦ 

Equipment .-*■.... 

Mute nab and supplies delivered to 

trufttep* 29,348 

Sinking Fund, Hartford t37,088 

' Providence.**. 26,914— 64,002 

Sun^iry notes and o^etvunU 17„229 

Qmh on hand and in dispute, in Amer- 

icAD Bonk, Providence .-......." 7,379 



Total* 



Cost of Road, Earnings, Expenses, stc, Ykakly. 



Cost of Road 
Year, k Equipin't. 
1953- «3,009,2H 
1854.. 3,439,529 
1B55.' 4,Q60,6(i9 
4,156,334 
4/202,519 
4,202,519 
4,205,966 



1856. 
1857* 

1858- 
18&9< 



Aver 



$27,275,950 
3,896,564 



Mile* 
age. 
50 77 
107 22 
122.36 
122.36 
122.36 
122-36 
122 36 

76979 
109J7 



Pasa'ger. 
«59,G07 
I02,fi8t^ 
16-6,626 
190,429 
206,563 
160,664 
1B6J18 

1,072,695 
153,242 



— Gross EAmingS'^ — 
Freight. Mails, ete, 
$33,293 $6,636 
7.715 
9,836 
13,186 
12,965 
15,536 
16,214 



65,B09 
82,224 
136,982 
14E^,377 
122,395 
130,568 

709,653 
101,379 



82,077 
11,725 



TotaL 
$98,941 
H)6,212 
258.685 
340.597 
367,895 
299,595 
333,500 

1,864,425 
266,346 



Ex- 

penses. 
$40,251 
72,019 
139,074 
171,160 
201,732 
163,589 
180,723 

969,548 
138,364 



Net 
Earnings. 

$58,690 
94,193 

ny,6ii 

169,437 
166,163 
135,006 
152,777 

895,877 
127,962 



HOUSATOXIC RAILROAD. 
{Finamml ifMr ending ^Ut Becmihr^ 1859.) 

BOARt> OF DlRECTOHS AND OFFICERS, 1859-GO, 



23,92sfl 

nil. 
It* 

II 

II 

i 



N. Thayer Boston, Ma^s. 

C. W. llopkmn* ,, ,GL Barr 171 g ton f 
Thus, Iliirlbert. ,....•. ,Sfm/h Let^ 
Morris Ketchum New YorL 



14 

NY. 



L. Canft^ld Fa^ VfV/igi, Ct. 

Dnniel Uarsh N. MU/ord^ •* 

Se i h Tom I i n son . , B Htfgf^port^ ** 

^\ . W. Hoanimaii. New Haven, " J 



Charles Hi'NT, President artd Superiuteiulent Bridgeport, OU 

H, Nichols, Treasurer * ...*......*.... " " 

Principal Office - - - Briimskpobt, Fairfield Co,, CU 



Length of RoKn^Mahi Lim, Brid<report to the line of Massachusetts •••74 miles, 
iSecniitl track and sldiusrs about 10 mile^. 

Leased Liues — lierkstiire Railroad - 21 ** 

Stockbndjre and Pitt^sfu-ld JUilroad. •.,.... ..•-. 22 ** 

West StockbridgQ Railrtmd - - 3 " 

Total length of road operated bj tbe Company. 12U miles. 

Rolling Stock — lxK!omf*t J ve enpiiiew -...,, 11 

Cars :— Pa'i^enger, 11 j baggage, 5 1 freight, 205 ; gravel, 30. 251 j 

* 10 per flonl. on Prefcrrei Sh;ipe«, $18^141. + 5 par cent on Preferred Shares, $18,544. 



I 



COKNECTICrT— EOr^^TONlO. 



a&i 



The Ifmuatmii^ Batlrmd Compant/ wiks chartered in Ma\% 18Hr*. Ua con- 
struf'tioo was couiiiieiiced in IHIiT^ and road opened for itB whole lunj^th ia 
1842. In 1848 the Company took a perpetual lease of tlie Berkisliirt* Rail- 
road of MassachusettH, agreeing to pay tiierefor, tm rent, sevtiti per cent* on 
its cost of $250,000, the Huine to bo increased to 8000, DUO, when an addi* 
tional sum should be required to relay the road, and for other improveinenU, 
which contingencies occyrred in 1845-7. Th(3 real under thia lease, $17,/iOO up 
tol84tj, and' 842,000, thereafter, has been rerrnliirly paid. In 1S43 the 
Housatonic Company in eouneetion with the Hudson and Berksliire, now 
the Hu«lson and Ilot^ton Railroad C^imptiny, took a perpetual lease of the 
West Stoekbrid^e Railroad, a^^reein^ to pay therefor a rate of compensation 
to depen<l, in part, on the amount of tratnc over the road. The sum paid by 
the Housatomc Company on account of this* road htis averaged, annually^ 
aljout S1,0II0.^^(AV Barkshire and Wkt Siodhn'dffc Jiaihotuis.) 

In January', 1840, the Hoasatonie Company took a perpetual lease of the 
Stock bridge and Pitt»tield Railroad, agreeing to pay therefor, as rent, eeven 
iHsr ceut. on itis cost ol $448,700, araonnting annnally to $31,409, which has 
meu regularly paid. — {See Stockhridge tmd PtUAjidd UaHrond,) 

In 1845 the Ct>mpany issued a Preferred 8 per cent. Stock to the amount 

of 11,800 shares at the par vahie of $100 — selling the same at the rate of 

^180 per ghare. The Preferred Stock was created for the purpose of raising 

*'the XDeuns of relaying the road with a heavy rail The interest on the same 

was regularly paid to and including April, 1850, since which nothing has 

been paid. ^____ 

Shark Capital— Paid in, S2,000,000 : as follows— 
Otdinwy Shares. - §820,000 | Preferred Shares §1,180,000 

Funded Debt — $232,000 : io detail as follows — 

Irf Mtffi^affi^ () p*r cefU.^ cotijmn botid^ .__ _.. . 6205,000 

—dated let January, 1857, and payable, pnnclpal — $50,000, 1st January, 
18G0; S5O,O00, 1st January, 1801 ; §50,000, Lst January, 18G2, and S50,000 
1st Januar}*, 1803, and interest semi-annually 1st January and 1st July, Of 
the bonds due 1st Jaimary, 1859, S5,tHK>had not been presented for payment 
These bonds were issued in payment for boods created 1st January, 1848, 
and payable 1st January, 1858. The whole amount issued under thiu 
mortgage was $250,000, 

Mmtdsiif UtJanmr\f, 1848, om^dm $27,000 

These are a remainder of the original mortgage debt, and are in reality 
the first lien on the road. They have not been presented either for j>ayment 
orexcbange. Interest on both classes of bonds has been regylarly paid. 

Floating Dedt — 890,730, vi^, : bilb and accounts payable. 

Cost of Road and Equipment — S2,439J75, 
No details of cost are given in the Reports of the Company 

General Ledger Balance Sheet, 1st Jan., 1860. 

Or. 

Ordinary Shnre* .« WS^fXIQ 

Proforred " 1,190,000 

First Murtgngfl Bonds 205,000 

Overdue " 37,000 

liiUg ahiJ iu'i50iints piijrable 96,730 

Profit ao<i \iM»' • ** « • 23S,e93 



l«duid eijaipmeDt $'2,439,775 

Ct«b, «6d bilij aai actioimtf rocisivable 124 dIS 



IbUh 



. $2,564,62 i Tulul. 
20 



• «?,664.623 



202 



OONXKCTICUT— HAUGATUCE. 



Eeceipii 

Fr«iglil *^ 

Mull, et* , " 



IXCOMB ACCOONT FOIl TUB YkaH EnDISO 3l5T Dec, 1859» 

Dishu rxenunls — 



196,3^9 
20,447 



Total-.. $289,864) 



Repttirs at Rondway."- ..... $52,039 



KolliDg Stock, etc* 

Fuel--.. * 

Freif bt expcnsefl. •* •• 

Patweni^r ** • 

G«Demt " ••*• * 

Rent Weit 8tookbridge Eulrand- * ' • 

" Berkiihiro " .... 

*♦ Stockbritlge itnd Pityficid RR. 

Paid interttlit" • ** * 

BaiiiDC« • 



39,606 
14,998 
22,026 
IJ,772 
17,856 
916 
42,000 
31.409 
20,007 
35,220 



Total 



.1289,860 



Yuar 
1S42. 
1843. 
1344- 
1645. 
1B40. 
1847. 
1848. 
1S49. 
1350- 
1851. 
1852. 
1853- 
1954. 
1865. 
1856. 
1867. 
1953- 
1S59. 



Cost of Road, 
± equip^t. 

• 81,^21,460 
. l,'J44,60«J 
. l,J98,92tJ 

* 1.476,380 
. 1,653,840 
. 1,631,304 
. 2,4rK«,0W) 
. 2,4CM),O0O 
. 2,40iJ,OrAJ 
. 2.400,000 
. 2,400,000 
. 2,407,754 
. 2,429,066 
. 2,431,773 
. 2,437,596 
. 2,4118,847 
. 2,438.947 
. 2,439,775 



Cost, EARNtNG^j Exfense3^ etc. 



nge. 
74 00 
74-00 
7400 
74 OO 
74 00 
74 00 
74 00 
74 OO 
74 00 
7400 
74 00 
74 00 
74 00 
74 00 
74.00 
74 00 
7400 
74,00 



PftM'r. Freight. 



-(Jn«« Enraing*- 



.... i92,:«J7 

.... 124.169 

.... 149,506 

.... 164,639 

180,274 

25G.95B 

274,Lil4 

286,994 

3iO,05» 

329,048 

237,781 

324,990 

3i0.79J 

339,196 

329,297 

318,476 

.^.,... *. V*- **L— 271,273 

96,349 173,063 20,^48 289,B60 



Yearly. 

operating EAmingg, <• — —DW,- 



90,105 

93,332 
IU,322 
126,988 
130.428 

94,146 
103,861 
108,B2l 
110,461 
104,638 
102.8t>0 

90,929 



161,226 
175,047 
165,194 
170,080 
183,786 
178,894 
207,402 
207.793 
213,383 
207.862 
196,115 
15J^,^)IB 



5,627 
6,936 
10,278 
12,991 
14,834 
14,741 
13,727 
14,479 
15,352 
16;797 
19,600 
21,426 



§46,158 
97,620 
93,002 
100,103 
190,274 
181,626 
181,558 
176,797 
261,569 
240,227 
301,166 
306,974 
280,532 
239,3n 
256,879 
290,807 
204,134 
234,630 



les exp. 

§46.159 
36,649 
56,504 
64,636 

76,332 
92,756 
110497 
48,490 
86,821 
(Loss.) 
18,016 
60,261 
99,825 
72,418 
27,663 
67,139 
65,230 



nil. 



All. 



U9 



IByri. 37,642,408 1,332 00 1,363,940 2,398,963 186,135 4,659,943 3,663,437 996,516 " « 

Aver.- 2,085,689 7400 258,836 203,524 65,362 *• « 

NoTK — The cnrnsnt expenaof irifltidc rcntoT IcriMid TOh^», which Bince 1B47 havo areraged tbotit 
§74,400 anuually, vis. :— Borkshiri} Kailroad, §42,000 :, Slockbridgo md Pittifiold. §31,409. 
W«at StoL-kbridgo, from §900 to §1,000. 



NAUGATUCK RAILROAD. 

{I^nancial jfi*(tr midiug Zlnt Peeemhtrj 1856.) 

BOIHB OF DlRECTORa AND OFFICERS, ISSO-CO, 




E. F, BisLop. Bridgeport^ Ct. 

P. U. Uaihimu " " 

A. Ilu4it*m , Ncrt Ihi^en^ " 



Russell Tomlinson , Bridgeport^ Ct, 

Green Kendrick. Watcrlmry^ « 

A. L. Denois New Ynrk CUy^ " 



William D. BrsKop^ Pre^idenl, • *.......».•..... Bridgeport, Ct, 

HouKV K N I c'J lOLS, Tteamrtnr ••..,•.•....... , '* " 

Cmarlks WATKRBcrRY, StipcHfitendtnt " " 

pRlKctPAL Office BttiDOEPORT, Fairjidd Cb., CU 

Length of Roap^ — Natifratiick Jinieticin to Winsted , ,. 57.00 miles. 

Siding?*, turnouts and otlier tmck, 2.:25 tiiiltf. 

The trsuns of thi« Company are run over the New York «nd New Hiivea 
Railroiid between the jurictioii and Bridgeport, a distance of about 5 miles. 

• Bight per cent, on preferred stock, t Four per e«iit on preferred stock. 



CONNECTICUT— NAUOATtJCK. 



KoLLiNO Stociw — Locomotive enpn&s ..«..•.... 7 

Cars:— Paife^enger, 1 1 ; bft;:g;age, 4 ; freight, etc., 178 193 

The Nauffoiueh Itailroad Comptim/ was uluirtL^red in May^ 1845, and or- 
ganized in February, 1848 The road was coiupletud as follows : from the 
junction to Seymour, 15 miles, on the 15th May ; to Watcrbury, 28 miles, 
oa the 11th June^and to \VinBted,58 miles, on tlie 24lii September, 1849. 

Shakk Capital— Authorized, $1,500,01)0 Paid in, $1,031,800. 

Fu>jDKO Dkbt — $287,350 : classified m follows — 

hi Mortffo^e, 7 per cent,, coupm bonds .__..____. ,.._ .$270,500 

— datod KHh July, 1856, and payable in 20 yearw, atid conpooa 10th Jan. aod 
lOfli July, at the Cornpany'a oliice. Total aiaount provided $400,000. 

Stah Law^ 1 per cent, hmds ^. ^*. _810,500 

— isi^ued in 1853-4, and payable in 1863-4; intereat serai-annaally. 
Mori^ag0 7 per cmL bonds of 1848 ( pijd dn^) ^,^,^, ,_ _^ ,. .$350 



LvcoifB Account for this Year knbing 31st December, 1859* 



BtemftU 



Ss^nn " 

All otb«r MiiraM • 

ftunt Aod loM, sill D«c., 1858- 



TotAl. 



' 144,151 

. 4fm 

. 2,E>U0 

. 5/205 

. 273,0U9 

$514,339 



Opera ting expenses » « ■ 

State and othor Uxea- •-.•»•* -•.*. 

I n terost and QommiiiioD * 

Caupcins • .....,....,,,, 

Ifividood No. 8t 3 per cent 

Bulnncu to credit of pr&St And Ion - 



TgUiI^ 



••U3,72S 
. 2,077 
. 1,U38 
- 19,618 

* aO,l>54 
' 346,827 

* $514,339 



1 General Ledger Balance 

Dr. 

Cost of road' - • il,370,95S 

•* eqaipmont 207,343 

- OmIi ma biwid • 8,896 

'~i«M T«c«ivi&ble 47,802 

Ihie tmm «t*Uooa»r •• 16,349 

" GiMieriLl Poet-ofiice • 2,'d2B 

" sundry riccouDlS"' •• 611 

Mtteri»1aoohiind*>->' 29,032 

Bridgtport office *« .«• •• .....♦•.*.,, 453 

Xft«gmiack lU llrood stock 4,250 

• Itodlbridge and PilUflDld ER stock- 7,000 



Totml ' 



. 11,695,019 Tot4l 



SiiEKT, 1st January, 1860. 

Cr, 

Share CJipital tl^OSl.SOa 

Funded debt 287,3&0 

Notea pajablo. - * 9,226 

Coupons ••• 9,786 

E3Cf icnses for Deoember . « .,.,.. 5,793 

Dividend No. B"--. 471 

Diio Jifiuwtoaio CompftDy- *> 2,353 

" NY. find New Haren Company 1,227 

'* WD BUbop '»'•• IH5 

Profit jind lost - -' 346,827 



*il,695,0l8 



Cotlof RMkd, 

1S49«- •1,333,249 

laSO** 1.335,001 

18&1'* i;i69,151 

19S2" M09,608 

1853- 1,530.807 

ISM- 1,577,167 

im- 1380,723 

t. i:676.926 

4 1,579,301 

* 1,578,301 

18G9.. 1.578,301 



Mile 

57 00 
57 00 
67.00 
57 00 
67.00 
57 00 
57.00 
57 00 
57 00 
67.00 
67 00 



PiLM^r. 
«22,129 
94,735 
72,307 
79,641 
91,467 
85,494 
63,681 
84,866 
78,187 
69,U9 
84,824 



<}nHU Eiirnini^ 



Freight. 
$31,147 
130,259 
114,052 
127,071 
I30,GB6 
H7.920 
131,443 
N6.829 
119,606 
116,763 
144,151 



Muili.Ao. Total. 
$1,193 $54,473 



Cost, Earninoa, Expenses, etc.. Yearly 

O porting 

exponaca. 

$25,170 

136,273 

85,287 

93,203 

122,059 

23l,94Bt 

126.691 

126,134 

121,372 

10(1.623 

113,825 



5,969 
3,869 
4,272 
4,534 
4,952 
6,335 
5J22 
11,762 
! 3,654 
12,355 



230,962 
190;227 
210,9^4 
246,687 
238.266 
220,459 
237.416 
209,655 
199,536 
241,330 



Ejurnini^, 
lees tixp. 
$-29,303 

94.589 

104,940 

115,781 

124,629 

6,318 

93,768 
111,282 

88.183 

92,913 
1-27,505 



$ p. 0. 

niV- nil. 

60.006 6 
nil. niL 

70.007 7 

80.008 8 
40,004 4 

nit. nU. 



tO| 71. 16,446,435 627.00 
Am' 1,495,130 6700 



846,450 1,369,825 73.520 2,279,795 1,290,585 989,210 
80,614 129,507 7.002 217,123 122,913 94,210 



30,954 3 

280,979 28 
26J69 21 



* Stis moolhs' operuiiocs, fmin bt Jiitr to 3lst Doe^mber, 1349. t Including repaira of dAmtgoi 
bf (Mk«l m wiaur of 1S53-1, i^bout $100,000 



204 COKKECTICUT-NEW DAVEN, NEW LONDON AND STONINGTON. 

NEW HAVEN AND NEW LONDON KAILROAD. 
{Ste AW Ilatmj A^etv London and SlotfinfftoH Hail road.) 



NEW HAVEN, NEW LONDON AND STONINGTON RAILROAD. 
[Fimncial ^ear endintf 30/A November ^ 1859,) 

Board of Dirkctcikh akd Okfkehs, 1859-60. 

WjUi-* Blackstnne. .New York City^ N.Y. | Clmrka J. McCurfiy.,, LyiMf Ot. 

K. 0. Scmntun...,..- Madison^ Cu \ Cliaiies C. Griswold.. *^ " 

A. 0. Wikux. " »* I Char Iks MfilUiry* Mystic^ ^ 

Sumner Bull *.,.,...,.... .Sayhrook^ ** | JaiutiA L l*fly • • Sloniu^tou^ " 

CoKNELiiis S- BimHNELL, Prtskltnt -. .,. a,,,. .New liaven, Ct. 

William T. Bar ilkt t, IWamrer ami Secretary " " 

Ii*jtEDEK jrit J. Caluqun, Snperiideiideut .,.••*• ** " 

Principal Offici;,, New Hav£n, Neuf Haven Co., Ct. 

Lekgth of Road — Old Lim, New Uuven to New UjiuIob .,<.,... 50*00 miles. 

Kct^mhfif New London to Stonin^on. 11.00 '^ 



Tutiii length of nmrl owned by Company ,..,*.* 6 LOO m lies. 

Second tmck, including .Hiding!*, tiunouts, etc., abont 3 miles. 

Tlie New Haven^ New London and Stmnnffion Railroad Compant/ is a cousolida* 
tioii of tbe New Haven and New Lou dun iind tbe Now London and Ston- 
in^'-ton Companies. 

The New Iluven and New London Company wa8 chartered in Mtiy, 1848* 
Constrnellou wus cuminenceil In 1^550, arid the road euraplettjd and brougbt 
iut^i Ui<ii i'lom New IlMVeo" t<i the Connoetioul liiver on the I«t and tu New 
London c*n tbt* '2'2d J\i\\\ 185l^. 

The New London and Storiiog;ton Company was chartered in Miiy, 1854, 
^vith annurrity to uon^trin^t a road fioiii the easti^rn lenniimt; of the New 
Haven and New Lonibin Kail road, to a conneetiun with the New York, 
Providonee and Boston Kaih'oatl in StoniniJ^toiu 

By ixw act i)as.'sed in Miiy, lSr><i, authority wm granted lor the eonsolidii- 
ation of the two t^onipanies, and the issne of a per eeut. preferred stock, 
(not exceeding lB4U0,U0U.) for the completion of the exten.sion line. This uet 
was duly accepted hy the btockhulder.s of both companies 6th Alarcb, 1857, 
ConHtru<"tion was forthwith connnenced, ami the rt>ad completed from Urotjun, 
opposite New London to Stonington, and a connection witli the New York, 
Providence and Boston Railroad in DceeJiiber, ls58. On the I st Novembcrj 
1859, the new line was leaj^cd to la^t named eompany for iive yeai*6, the 
lessee to pay as rent one- half of tlie gross^ earnings of the road. 

Share CAPiTAL-^Anthorized by cb alter, $1,500,000, in 15;I>00 SI 00 shares, 
ExtcnKion Preferred Stock— Authorized, ^400,000, in 8,000 $50 *' 
Paid in, $000,748 : vise,, original, S7:].s^538; and preferred, $22ii;J10. 

FiJNnKD Dkot — ^$800,000 : ckissilied as follows — 

lit MmiffOffe^ 7 pn* rmL^ coupon hondh. _ $450,000 

— dated lO Scpteinberj 1851, and payable^ princijial in lOyejirs, and coupona 
RenU'Umiually, lOlb iManh and lOtli (September, at New Haven. Tlie coupons 
due 1H58 and 1850 were not paid. These^wirb those falling dtie in IbOO, are 
to be paid in 7 per ceut> Inc^une bonds, *Iatcd 10th Marcii, 1800, and payuble, 
principal in 7 years, and interest somi-anniudly, at New Ilaveu. 



I 
I 



COMfECTICtJT— NEW HAVEN, NEW LONDON AND STONINGTON. 



205 



2 Mortffo^fey 6 pfr eent.^ enupon homh ._ _. 8200,000 

^ndatej t20th Jfinuary, 1S5>^, nnd paynlile, priiicipitl iij li yuarti, iiiid interest 
Kiemi-annmilly, iiOtli Jumuaiy Jiird 20tli July, at New Haven. No interest 
basj been paid on tlit^sc li(»Tnls wince 1854* Pbe coupons will be funded in 7 
per eerit. Income bonds ^ a^ nboVL^ 

Ten prr cent bonds _ _._ $100,000 

— isgtied in 1854^ to pay off the floating debt, and overdue coupons, and pay- 
able in 1H59. Neither principal nor interest Ims been paid* It iw now pro- 
posed to exchange them lor the 7 per cctit. income bonds described above. 

EtUmion \d Mortfjntf^^ per cmf. , hond» ,. . $11 6,000 

— dated Ifit May, 1858, and payable, principal in 120 years, and interest eemi- 
aunually, It^t May and 1st November, at New Haven. 

Cost of Road and Equipment— $1,^51,877 : as follows — 

Hew HareD nnd New Lt>rnJ«D ltE,ot<3tl>4E>4JJlO 1 Stotitojrton Extcnsilon Lino, etc** t397,8n 



Income Account foh tue Ykah KNmNO BIst December, 1859. 



RtCtlptM — 

Pj»«»ngt*r eiirDiQgs ** i *. ^9J59 

Fwjittil '* n,9l4 

Matl«ervice>*< «» 5^000 

&«ist8 A lid oxpren - 2,764 

C««fa nn band Isl Jnnaarjr, 1859 6,0Bti 

BUI* rPooivnUo Jit Janukry, 1959». *. 7,IJ5 

Dtfi£it m bitla paynbk - • • • . 21,782 



.*14'^.840 



LHnbursemtTits — 

OpcTJiliiig expcDJ-ea nnd ropftlra 931,823 

Com I, wood, oil nod waeU * 15,499 

.Sriliirit'f}. wagma mul gcDeral 6jrp>etii)eB> • 25,053 

SlcmnKoat expensua * 2„7I9 

Reii«wula *•'*'»*. ■» * ,,...* 1(1,977 

New workst, telc^rflph, etc* ....*--.♦.. 4,&40 

InjiumfiLe 91,141, ami lotereit S37 - • • - 1,178 

Seven per emrt eoiip<iii3, duo Sept , 1P67 14,962 
Refanded to Extension liailroad, for cou* 

pona Uken up in 19.'i7 * 26,929 

Amount camed to profit nnd losa 296 

CdBh and bills rocoiTable - • • ^ ' 8,465 



Tohit. 



*fH2.940 



Tout 

No general st^itement of the Company is published In the annual reports, 
The following applies only to the Exten:iiion Line ; 

Gkneral Ledger Balanck Stfekt Ist Januaey, 1860. 

[Extenalon Lmo ] 



(Jrn I ' MOAQory, tun-ej, flUUoDfl. 

M: I, .,- 9197.b5G 

UtH Mingos, ffto 48, LiO 

Maitbincrj Atid IooIjs • 4.TO6 

UfblaUrc exti«ni«i»* •• • -* &,OBl) 

AitKfiint pi%u] for iron* • 76, 1 72 

burr^t oo ICHiii* -■ •• .. •• ••» •* 12.711 

Uridging 18,79:* 

^iMinlio*!' . - 2S.967 

Oai«rit«iitf --•- 11.692 



S'npk cfll le^ctcrl ......* 

Pr.M.eedrt nf extension bondfl sold- 

Bills pajahlc ...,,♦.*..♦,,,..,, 

Thb CompnnjU pmpatlloti of eamingfl 
tu e.ttcriaion roiid from Jnnunrj Ist 
to OH.tobaf 31at, 1859- ■ ■ - 



t222,210 
8830 
81,992 



10,652 



ToUl- 



-9403,054 i Totnt • ♦403,064 



Cost, Earxi 
MUb- 



co«tor 

Vmr. Koiid, ete. 
iaS3*. 1 1.362,677 
tS4.. 1,375,912 
J.450,J18 

1,454,040 
1,454,040 

1.651,879 



ifm- tO.402,906 386 00 671,405 
Am* 1J67J5I Sl^2 %,234 



NGs, Expenses, etc, Yearlt. 



iKfi 

\m 

ISS7 



50 00 
Ml 00 
50 00 
50,00 
50 tK) 
50 00 
6J.U0 



P;u?B*er. 

952,512 
86.107 
87,608 
70,208 

12b,B42 
69,969 
BS,I59 



Freigbt Mtiils, etc. ToUt 



Dpcrnting Earningt, ^— DIt. — » 



S^.522 
7,927 
9,326 

11,061 

18,137 
8.S24 

11,914 

69jri 

11,618 



9*n9 
2.104 
7,052 
6,738 
12,(;7S 
7,9(i5 
7,764 

45,240 
7.540 



955,973 
96,i:ia 

10H,986 
efl.007 

157,657 
76Jfia 

107,837 

086,356 
114,192 



cxputtae*. 

935,2ti6 
BG,463 
59,bt8 
54,680 

106,847 
136,548 
87,210 

466,632 
77,772 



lC8§ OXp. 

920J07 
39,675 
44,368 
33,327 
60,810 
10,210 
20.627 

219,724 
36,620 



9 
nU, 



nil. 



20*1 CONKECTICLT— .\i^^V a.\*ii-.^ .%.\w AOKTHAMPTOX. 

NEW HAVEN AND NOUTHAMPTON RAILROAD. 
(FmmiCMl year emlm^ 31«i December^ 1859.) 

"Wn.LfAM Johnson j Prmdad awl 8i(j}erintendmi New Haven, CL 

S. D. P AR uein, Stcretari/ aad Treasurer, . . • , * " « 

pEH^crPAi- OFricK * , New IIaven, New Haoen Co., Ct 

Lekoth of Hoad — -Xew Tfaven to Gnuih\\ ,...•• 46,00 miles. 

Brtinth Li urn — Collinftville HruiK*ii. - * * • 8.*X) " 

TarifTville Branch L(K} " 

Leased Line — Famiinijtun Valliaj, fmrn Graiiby to Sutu line ..*, 4.06 ** 

Total length of Tnw t>wned mid leased • b9.Gtj tiiiftjs 

BoLLiiuo Stock — None. Run by New York and New lijwen Railroad Company. 

The New Haven and NQrthmpfon Jtailrmid Company was chartered in Ma/, 
1B46. The construetioD of i\\v rond was corrimeiiced immediately thereafter, 
and the first divbioii to Pluinville, 27 miles, waa completed on the 31st Dee*, 
1847, The section from Pl^tinville to Granby, witn the Collinsville, and 
TaritTville Braiuhe.**, wan opetied early in l!^5tK On the 1 1th January, 1848, 
the New York and New Haven l^iilroad Cumpany took a lease of the first 
eeetion of the road, extendi ti^^ from New Ilavt^n lo Plain ville (whieh took 
etfect on the Ui July, 1849), to conrimie till the \^ Jnly, 1869, paying 
therffor^ U8 rent, the sum of $45,000 [ler ammm, payable half yearly un the 
Ist Jan. and 1st JuIVt i^t the ottiee of the New Haven and Northampton 
Company, provided tlie gi'oss earnia^^ of tliiQ flection shonld ef|ual $75^000 
aninially. In ea.se they sshotihl fall short of this eum, then a sum equal to 
any sueh dcficieney to be dedneted from the rent. In case the groaa earn- 
ing exceeded $i75^orJO annuidly, then one-third of tlie excess wan to be added 
to the rent. Tlie grns« earnings of this t^ection Imve avera^'-ed about 879,000 
unnunlly. On the Itith Feb., 1H;"jO, tlie New York and New Haven Com- 
nuny also took a leasee of the second section, embracing tlie Collineville iind 
Tanffville branches, in all about iJ8 miles, to take etleet on the *J5th April, 
1850, arad to eontinne till Ist July, 1869, at an aimnal renkd of j&40,000, pay- 
able quarterly. Under these leasees the road has been oi»erated by the New 
York and New Haven Hailr<»ad, and the rent regularly paid. Of this sum 
$P2,0OOha.s been eonlributed in aiiiund paynicatpibv die Hartford and New 
Haven Railroad Company, under njorreement with the New York and New 
Haven, recited in the sketch of that road. 

That portion of the line of the New Haven and Northampton Knilroad 
63Ctendiag frf)m Granfiy to the State line of Massachusetts, about 4i miles, 
was conjHtructod under the cliarter uf the Farmington Valley Railroad Com- 
pany, a lease of which for 1/KKl years was purchased by the New Haven and 
Ntirtiuimpton Compaii}^ by the payment of $10,000 in its bonds. 

On the 1st Octfiber, 1859, the New Haven and Northampttm Company 
took a lease of the Hampshire and Hauipdcii Railroad for a period of 999 
years. In consideration thereof, the New Haven and Northampton Compimy 
agreed to guarantee the payment of 1st Mortgage Bonds of the Hampshire 
and Hampden Company tu the ananmt of SliOl^JOO, and to pay the interest 
aa it fell due, and to accoiuit t(^ this C<an|nmy for such net earnings as might 
remain. — (<SVp Ilfimpshire and Iliimpdm JindrmaL) 

Shake Capital — Autliorized and paid in, $922,500. 




COKKECTICUT-NEW LONDON. WILLIMANTIO AKD PALMER. 207 

FtJNDKD DutiT — §700^000: in detail as follows — 

isi Morftfftgf^ 7 p^r cnit.^ coupon honth 8500,000 

—pavaljle 10th July, 18*)0^ iriterest payable 10th Jan, and lOlh July, tit the 

Bunk of Commerce, ia New York. 

^ondt of ihfi Hampshire mid Hitmpden Railroad Company^ ffuaranleed by 

thif New Harm and AWthatapton Railroad Cvmpam/ $200,000 

— dated in 1854, and payaldo 1874; interest payable on the Ist April and 
1st Oct,, at New Haven. The^e bunds constitute a first lien on the llainp 
fihire and Ham|Klen Railroad. 

The Compaay publishes no report to its atoekholders, and no reports to the 
Legislature, from which an income account or a general statement can be given. 

The following statement will ehow the cost of the road since and includ- 
ing 1850; the annual earnings, the current expease^^, and the aiiiouut of 
rent paid. For the fit'st six yeai*^ the average annual earnings, exj>enfies, 
and rent are given ; fur the last four the amounts for each year : 







Gross 


Current 




Excess of Cprr't 


^Dividciids-^ 


7«rs, 


Co«t of Ilt»d. 


Eitrninga. 


£xpcose«. 


Rool Paid. 


«xp. iiDd rent. 


• 


p. c. 


l§SO^*.. 


•760,000 


•90,219 


•52,623 


•74,049 


•3ti,454 


nil 


nU. 


lasi . * . . 


1,400,000 


90/219 


52,ti23 


7'1,049 


36,454 


36,900 


4 


ISB— 


1,400,000 


90,219 


52.623 


74,049 


36,454 


36,900 


4 


!».... 


1,400,000 


00,219 


52,623 


74,049 


36,454 


36,900 




Wl.'.* 


1,400,000 


90,219 


62,U23 


74,049 


36.454 


36.900 




1^55 - . 


l,4C>fl,fJ0O 


90;2I9 


S2,623 


74.049 


36,454 


36,900 




1856 


1,40U,000 


1 tS,036 


70,895 


88,362 


44,221 


36,900 




OflH.— 


1.400,000 


130,859 


72,0d2 


92,777 


34,000 


36,900 




sa-' 


1,4(30,000 


121,157 


62,792 


93.792 


35,424 


46.126 


& 


^••'» 


1,400,000 


125,152 


79,290 


90,362 


44,500 


46,125 


6 


10 jf »re. 


•13,350.0tKJ 


1,033.514 


600.798 


809.596 


376,969 


350,555 




A ?«!«£« 


1,336,(X)0 


103,251 


60,079 


70,948 


37,687 


36,055 


38 



XoTS — The lo*B \i> the New York and New Haven Company has been i256,869 \ to the Hart* 

f - ! -. ' v,,w Hftwn, •120,000- To thia eum ahould be Added ibo interest on the oo«t of muchinory 

itiu New York mid New ITawn Compiiuy, of the VAlue, vo,y^ of •100,000, &ud uther 

t I'mbrAcod in ikt^ accxiunt^ ngninetthe New Naren and Northampton Compuij. amountr- 

hi^ W $1^,000 jearljr, %nd u loUl »f •120,000. 



NEW LONDON, WILUMANTIC AND PALMER KAILROAD. 

{Financial year mdii^ 30M Nommher^ 1859.) 

Trustees in Possession of tue Road 

AndrewT C, Lippitt Neu London, Ct. | Wm. C. Fowler New Londcn^ Ct. 

Ilcnrj P. Haven ** " 

PaiNciPAL Orrrce • , . , New London, New London Co., Ct 

LcxGTU OF Road — New London to Pahnifr^ M:uis 66.00 miles. 

Second track and ^idu^gs, 5 miles. 

JloLLixc Stock — LocomotiTe engines • .«.. 7 

Cun : — Passenger, 5 ^ bag^gnge, 3 ; mercbaudise^ 95 ; grATcl, 8 11 L 

The New Lmtdon, WiUimantic and Palmer Railroad Company vf as ehartere*! in 

1^17 Th<5 work of constrai-tior* Wii8 coimnenceil in 1848, iind m Ot'tober, 

first section of lU in'tk^s, from New London to NorwicJi, was onenod; 

J (iber the section from Norwich to Williiiuintic, IT milea ; in March, 

1n50, from Wilhmantic t** St;ilfordj 20 railes, and from Stafford to Puhner, 

i6imles, in September, 18i>0, 




SOS 



OONSECTICUT— NEW LOXDOS, WrLLrM.*ST[C AND PALMER. 



mm 



Share Capital (Old Company) — Authometl, JIJOO^OOO, in 8100 shares, 

raiil in, - S5 10,000. 

FoNi>i!o Debt (Old Compunj)— $1,052,000 : in detail as follows 

1st Mort^fiqe, 7 per cmLy coujmn hond^ .S500,0C 

— issued in 1^49, and pjiyalile iii 1859, 1^64, and 1S69; interest puyuble ( 
the l5«t M:iy inid 1st Nov., at New Loiidmi, 

2(/ Morfiftfge^ G per cent., eoupnu hGmh S*10 0,000 

— dated in 1850, and psiyal^lo in 1857; interest payable on the 1st Feb. and 
Ist August, at New London. 

Income and conreHihk. 6 per eent,^ coupon honds , ,,. ^.. 8152,000 

— diittHl in 1^51, and payalile in 1870; interest payable on iho 1st Jan, and 
Ist July, at New London* 

New Lnmhn Citt/ Bondn^ <j per emt.^ ffuarantesd hf the Cmnpan^ ^$100,000 

— dated l^t Joly^ 1852^ and payable l&t July, 1867 ; interest payable Isifl 
Jan, and Lst J uly, at New London. 1 

The Company failed to meet the interest on ita several classes of bonds* at 
the following dates r On the Income and Convertible Bonds on the lat Jan,, m 
1850; on tiic 2d Mortgage Bonds on the 1st Feb,, 1856, and on the lst ( 
Mortf^rage Bonds on th« 1st Nov,, 1857. The boada issued by the city of 
New Lrmdon^ and guaranteed by the Company, are secured upon other pro- 

?erty of tlie Company, and the interest on the same has been regularly paid* 
n constH|nenfe of falhu^e to |iay interest on the 1st Mortgage, the road waa 
taken posi^ession of by the Trustees for the benefit of the bondholders, who 
instituted proeeoding:^ under wliieli the 1st Mortgage has been forwhised. 
It is now proposed to form a new enmpany uniler the title ol the New Lon- 
don Northern Uaih*tKid OompaTiy, (for which the requisite legislative nu» 
thority has been obtuiiied,) with a eapital stork of 8000,000, whieh may be 
inereased to $700,000, into whieh ttie Isl Mortgage bonds, with the overdue 
bonds, may be eonverted. 1 n eusc of the refnsiil of any holder of bonds or 
coupons to convert the same into stock, the value of the road and equipment is 
to be apjiraised, and a jiroportional sum to be paid in eash to eaeh holder, in 
full disehiu'ge of his interest in the mortgage. Under this authority the new 
company will probably be organized during the present year. 

Cost of Road and Equipment — ^8L573,,^j(j8 : in detail as folio w*3 — 

GnvJanUcm ami mifcpaiirj- * $412,441 I Lnnd niifl Inmi-dnmo^es ■ ■ 

Briclges •» -* » •• 84,965 [ I/wotnotive unginei*- 

Superstructure, iat'luding iron* «».».-.. 4U6,9T3 Curs 

SUiUon buildiuga* - * ** 88,221 | Eng^incoring^ ngoncioi aud othor exp 



199,36:^ 
115,533 

69,574 
207,215 



The Company made no report to the stockholders for 1859. The income 
aceount and general statement for 1858 were as follows : 

Incomk Account for the Year EvniNu 3 1st 0(3tober, 1858. 

Receipts — 

Pnascnger earaiiigi** .•••.. 

Freight " 

lUUi, etc .•*•••••••••♦♦.. 



I 

I 
I 



$42,293 

&a,194 

B,&72 



ToUl^ 



.1104,464 



X.) i^b u rst mentis — 
Ropnirs of mnd ami build mg» 

'* of ongioes and Clin. 

8nlari(]§ mud trauiiiportRttcin expcnraa 
Fu«l, *n\ tttid wneta ..*,..,.*,-..-. 
MtAeelluDcouft expciities •*«•■**•*• * 

Kisucvritb tiod cnnBtTUction l^i'JSS 

Interest on Iflt Mongftge Bonds .•••,., 16,9S7 

" on City of New London Bonda* 6,000 
Bnlnncu to |>n>fit and loaa * 7^856 

Tidml 



$12,690 

5,8S6 

24,038 

11,0®, 

3,G03 




CONNECTICUT-NEW VOUK AND D05T0N* 



sm 



Dr. 



Gmneral Ledoku Balakcr Sheet^ IsT No¥^., 185S. 



Cboiiruction ftC'Couat * *» *>il,561,242 



X<»rwich Junctiun 

rncollo<»U*d Aot-tiunt 

[ Koi«« recf ivublo' •>• » 

[ Ouh on hand • ' ' * *•• 

«fiali on hand, wo(h1, otc <^ 



1.623 



ToUl> 



.§1,575,147 



Stock - 

Seven pi*r cunt. Ik>nila • • ■ 

Six " " 

Six " " Itt-andCoO'.- 

^ix ^' " N.L, City 

Orijyinnl M^»rt. on W. Neuk propertj* 

rnfMii J Hi countM • • * 

PruU t iUid loan « # ♦ . 



Tf>Ui|. 



teftr 

JB51* 

195 J. 

J&56 

[•J657^ 

1859. 



Cost 

of Ho Ad. 

♦1,450,410 

1,60:<.?JU 

■ 1,075,147 
. l,57i,5()3 



Cost, 
Mile- 
age 

mm 
mm 
mm 

(i6 (10 
66 00 
156.00 
66 UO 
661)0 
G^jOO 



Earnings, Expenses 



6l,ri09 
64,01*7 
6.i,ll6 
58,099 

47,i;i*i 
42,297 
BL925 



•59,349 04,281 ^169,469 

44,2;<7 R,564 

57,164 7,454 

6J,696 IO,24H 

55,641 lU.:iOJ 

59,559 9,490 

57,:iJ3 11.338 

5i,l94 H,97J 

56,594 6,627 



114,410 
1 28,716 
li;.OG0 
124.04i 
126,571 
l!5,60i 
104.464 
]19,14t> 



lyn^ l3,%J,i34 594.06 
-' . 1,551,470 66 00 



544,6J6 B0S,767 79,279 1,132,681 7!'J,7I6 418,965 
«}0,515 56,5iU e,60S 125.851 79,301 46,653 



♦510.900 

3Ot\O00 
152,000 
100,000 

3,600 
272 

6,375 

.♦1,575,147 



Etc., YuAFirY. 

Operjiltn^ Ejirtitngiif 
ExiKMiM'ji. left* exp, 
♦86,200 ♦82.269 
62,519 61,901 
73,820 o4,S91 
79,031 56.029 
64,732 59,311 
75,866 44 705 
79.790 37,013 
73,622 30,842 
119,146 



♦ 



p.o. 
nU. 



NEW YOKK AND BOSTON RAILROAD, 



LmGTH or RoAJ> — New Haven to State Line of Ilbmle Islantl • , 80 miles. 



The New Yorh and B&$hn Iiffifrmid Cmopttuij in Connecticut waft chartered 

In Miiy, 1846, with autbnrify to eurii^triu^t a rnilrotnl from New Hjiven to 

KMiddletown, and thence oii.sterly, tlirijuiih the town *>f Wirnlljum, to tho east 

lineiif tiie iState in the dtnx'tion of tho city of IJnstnn, wilh jiennisHinii to make 

I liny lawful contract, and alsii to iiiake jiout stock, with uny other eorporation, 

[ Orbcc'otne lei<see of Huch rnihTiads as Bhall conNtitnte pnrtions of the direct 

Lroule between New York and Boston. In lsr»4 the (onipafiy consuliduted 

with the Woont*ocket Union Railroad Company of RfaaJe Island^ and in 

18*»5 with the Charles Kiver Railroad Coinpajn^ f»f Massachusetts. 

The tH»Mtruet for eonrtlruction wat? entered into on the 28th of January, 

1853, utider wliicfi about ?2;jO,UU0 were expended, chietly iu the graduatitm 

of the road. No work haw been done since iHoB, and the chartered ngfits 

of the company have expired by their own limitation. The following atatc- 

jment will show the conditiim of the cianpany on the 3d October, 1856 sinco 

["wKl^jh duto no repoit has been published : 



iOndmciofi nod mttsonrj-'*-* ...... "9169,510 

tridp« 393 

k |ao<( land dAmogoi flnd feno^a. • 19,705 

' 18,832 

2,507 
12,035 
9,906 
10,658 
3,219 
2,812 
8,124 



Cvatncton*--* 

Dm fimMB Bliode Iiland* - 

^ MoMACllltflOtU* 



Toti I 



■♦2S7,T01 



SlmrQ oApiLal «*•<* ♦223,531 

Ciiflh* 829 

Billii payable 12,749 

DuiT pontrnctora und individuiita' • • . .. 20,382 
Small accounts^ ••• 210 



Total. 



•r-£57,701 



I Uic ftatettJGot for 1851, the eamiDgt, etc , of the road duriog conatritotioD are ltiQlad«d. 

27 



tilO 



CONNECTICUT—NEW YORK AXD N2W HAVEN. 



NEW YORK AND NEW HAVEN RAILROAD. 

{Fimunml ^mr ending Bl*f Manh, 1859.) 

Board of Directors and Officers, 1859-60. 



George N. Miller,.. AW York CUtf, N.Y. 

A. R. Van Nest " " 

George B, Carlmrt,, ** *' 

Bennis Kiniberl^^ Ntw Haven, Ct. 



Jolm Bradley ^New Haven^ Ct,l 

E. C. Serantt^n « «, 

John ^V . Leeds. ,,.*,,.,. , S!am/ordi ** 
Joimthiin Godfrey SutL(hporty 



JtrsTCs R, ButKLKY, Ptesid^TU New York Citj, N.Y. 

William Bement, iVtfa*«rtfr ...., ** ** 

J AMF^ II. HoTT, Superintendent * • • « « 

Principal Office Can, 27th street and 4th Avenue, New York City, NT. 

Length of Road — Now IlRven to the junction near WilliuTn^liridge... 61.25 milc«. 
Len«2;tli of Bruiicli at New llaven u^sed by tbe Hartford and 

New Haven ComiMvny , , 1.00 

Second tmck, including hidings <j3,82 miles. 
Leased Roml^-Sew Haven and Nortbainpton Railrnnd 55.13 



Total length of main line operated by tbe Company .IIT.SS miles. 

Rolling Stock — ^Locomotive engine^. ..**... 29] 

Cars; — ^Pawenger (H-wlieel), 1st clii^s car;* , 73 

Bagrgftge, mai ] and express ( 8*wlieel ) cars .,*, •,..••... 19l 

Freight (8-wLeel) cara 349" 



Tho New Yark and New ITmen Railroad Compfinif waa chartered on the 20th 
June, 1844, and orgutiizeti on the H)th Mnj^ 1846, The ct*nsti'uctioa of the 
road was eoininenced in September, 1847, and in JiiniiiLry, 1849, it was 
opened it* tlie piihlic fur its entire len^j^th. It was not» however, received by 
the Ctunpimy from the contractors till the October following. The double 
tnick wne cuinidetcd in 1854. 

By an at^t of tlic Legislature of the State of New York^ the Company 
was authorized to exteinl \i.^ riuid from the boundary line of that State to a 
junction with tiie New York nnd Htirleiii Kailroad at or near Williams- 
bridge. By an ngi'eement entered into with the New York and Harlem 
Kaiiroad Company, on the 17th Murcdi, 1848, the New York and New 
Haven Company was alU/wed to run its cf^rw over thnt road into the city of 
New York, Thi8 contract was subsiequcntly modified^ tmd the amounts now 
psiid for thiK privilege iirc ten cents for each full-paying passenger ; 3| cents 
for encli conunuter., For freight coming from tbe New llaven ri>:ui, the lat- 
ter deducts 00 per cent, for exfHjuses. The biilance is then divided in ratio to 
mileage on encli road. This contnict in Hubject to reviHiou in October^ 18G0, 
and for every five years thereafter. The amount paid by the New Haven to 
tlie Harlem Cumpuny since the date of the first agreement ban been about 
^150,000. The average for the past seven yciirs has been S70,34G yearly. 

In 1848 a contract was made with the New Haven nnd Northampton Riiil- 
rojid Company, whereby the Xcw^ York and New Haven Kuilr(».Td Conipany 
took a lease of the road of the former, to take effect on the 1st July, 
1849, to continue to the 1st July, 1869, upon the fidlowing tenns — 
the New York and New Huven ('ornpnny agreed to iniuntain and openite 
that section of tlic New Haven and Northampton Rail mad extending from 
New Haven to Plninville, a distance uf about *I7 miles, and |>:iy, as rent, 
the sum of $45,000 per lumuin. But in c^nse the gross receipts of tliis sec 
tiou were leas thim 87r),000, a sum cqmxi to any deficiency that might occur 



I 



CON.\ECTlClT->tr:W VuKK AND NKW HAVEN. 



211 



WflS to be dediitited from the aiiKHiiit uf rent. If the gross rocoipts ex- 
ceeded STDjCRJO, then on" third of aach uxolh^ whs to he adJt^d to the rent. 
For ihe Extension^ from Phunville to the i^iaUn line* with iJranelied to Col- 
liiievUie to TLinffviltu, m all uhout 2S miles, u sul>se«juent cnutruet was eti- 
tured into ou tlie IGth Feb., 1850, whieli provided that tlie New Voik and 
New Huven Raih-oad >«hfnilii pay an ahaolute rt^ntal of $40,0f.H> annually. 
Under thiH agreeineat ttiin Company, for the first six years, made a lu:s.s of 
?1 46,721, to which shouM h:we boun avKltnl^ uceordtn^ to itn own e.stiiiijtej 
S-ttUJOU for items nut imlnded in the aeemmtti u|^aia8t the leased road. The 
k«s for the pttst four year^ has been §1011,721, 

On the 30th Aprils lH-19, an a^^^reemeut was eiiterod into lw3tween tiie New 
York and New Haven and the Hartford and New Haven Hail mad Cum- 
paiiies» to continue till 1st July, l>(>ih whieh provickMlj arnon;^: other tiiiny;s, 
that the Hartford and New Haven Company hIiouM run lU trains to the sta- 
tion ot the Utter in New Haven, (with tlie exception of one train to the 
ni^ht line of steamboats to New York); to diseontinne the rnainteiamfe of 
u day line of steamboat** to New York, and to charge on the night line to 
New York a fare not more tlmn 50 cents Ie88, per passenger, than tliat over 
llie New York New and Haven roud. In consideration of these agreements 
the New York and New Haven Compimy agreed tu supply the depot ut-eom- 
modutiom^ at New Haven; the nse uf its track between (irand street Junc- 
tion and the station in New Have?i; and ft>r the withdrawal of the bo;its, 
f*iO,000 anrnndly for five years — otie half to the Hartford and New Haven 
Company, and one-lialf to tlu? Cmniectient River Steamboat Company. By 
iubsequent contracts, which refer to the one already described, tlie New 
York and New Haven agreed to discourage the extension of the New Hnven 
and Northampton Raih*oad northwardly, in consideration of which, and of 
oilier rigreement?, the Hartford and New Haven Company agreed to |iay to 
Uic New York and New^ Haven Railroad Company, on account of the lease 
of the New^ Haven and Northampton Raihoad, $12^000 annually from the 
ht March, 1850, to the 1st July, 1809. Tlie latter road has been extended 
by otlier companies tu Northampton, llassachusetts, the whole line being run 
by the New York and New itavcn Company. The agreement also j>ri>- 
vided that neither Company should be at liberty to make any snch ar- 
rangement of their trains or prices, or with other- companies^ as would have 
a tendency to draw away the ousineas of the road of the other, 

SoAtt* Capital— Authorized, 83,000,000, in 30,000 $100 shares. 
Subscribed and paid in, $2,980,339. 
la 1854 nn over-isaiie f>f shares to the amount of about 82,000,000 wai3 
diecovered to have been made by its President and Transfer Agent. The 
rceognitioii of this over-issue has up to the present time been successfully 
resisted by the Company, so far as they can bo traced. They are not in- 
cluded in the above statement of Hiiare Capital. 

Funded Debt— $2,219,000 : tn detail as follows- 

Ift Morttjagf^ 6 pm- etnt. ^ cottpan hondu 8930,000 

— dated 1st October, 1855, and payable, ]»rincipal 1st October, 1875 ■ inter* 
cet semi-annually, 1st April and 1st Oct, in New York. Undt^r this murt- 
ji(iipc the Company has authority to issue bonds to the amount of S*i,00il,000, 

HttfH p^T emt,^ rottpon hotuh , , .. $9<)4,000 

—if^jsned at various d.ites in 1S52-3 and 4, and payable 1st December, I866j 
iateresl payable 1st June and 1st December in New York, 



M2 



CONNECTICUT—NEW YORK ANB NEW HAVE? 



Si&m per cenLy coupon bonds ..■ .-■ ?31 ! ,000 

— iftsued in 1851, ut varioiiB date^, and paynble 1st December, 1860; interest 
payable on the 1st June and let December in New York, 

Sij; per cent,, coupon bonds ,. ^_^. **__*., ^* _J14,CM}0 

— (luted Int January, 185 1^ and payable Ist January, 1861; interest pay- 
able let January and l«t July in New York. 



Cost of Eoab and Equipmes^t — 85,3*24,769 : in detail as follows — 

81,707,673 LaotJ, Innrl damogcs nml fences 363,354 

262^^36 Loeomative engincB- ■ • . . $262,972 

. I,in,l3fi P(i9»cnger nnd inorcbunrliae eora 409,577 

399,7^ Engineering and agendefl ,. 827,620 



Gniduution and raruinnry- .-* ■ » 

l^'Hge... ......-.,...., 

Sufrf]i>itructure, includ)U|f iron** 
j^taibufl, buildings nud ^tur«i* 



Income Account for tub Year E.vurNo 31st March, 1859. 



Eeccipti 

Piumnger eAroiogs. ..».^624,796 

Wnighi - 187,%0 

" .«te 45,945 



Total » 



*«828,691 [ Total 



Piibitrstmcnh — 
TmnsrjHirtalion ex^Hsnaca* ...... 

Repairs of road 

" rolling stock* >* 

Fuelj oil and waste » . • 

llon»e- j^MjwcT « ' 

Luifui operations, Cantkl BaUroad- 

Jotorest on bondi! • • .•...• 

Dividend — 3 per cent • • • 

Bi^tantQ 



*$19d,n4 

• 76,767 
. 114,293 
. 96,131 

. 32,500 

. U'ijim 

' 90,000 

* 50.733 



.•823,691 



General Ledger Balanljk SuekTp 1st March^ 1859, 

Dr. 

Boad imd buiklmga #4,597.679 

KuUing itoik 661, S46 

R«;il e?tiile- .♦ 65,:j43 

Materiu] inr working road, eto 170,716 

Blortgftgo bonde on band* • • ■ --..».. 55,500 

Cash ^ 3i,447 



TotAl^ 



.15,582,431 



CnpUal *tcHTk 

MoTtgfig^o UtimJs * 

Bonds due i*t h^^c^ 1866* 

- '■ 1:^1 I>uc„ I860. 

'^ " IjitJun., 1861. 
Current iVMKtuutc • •■*•... 
Pnifii nod i«ss* .......... 



Cr 
•$3,000, 
. R3U, 
. 964, 
. 311, 
14, 
33 
• 330, 



000 
,000 
IHM) 
,000 
,000 
,037 
,394 



Tolol- 



.^,562,431 



1650. 
1951- 
1S52. 
1^S3- 
1B54* 
1©.^5. 
1S56. 
1657- 
195S. 
1859> 



Ooitof 

RoRd,Afl. 

83,005,39.'» 

4,MD,000 
4,973,487 
5,131,948 
5,179,010 
6,169,779 
5,190.!79 
5,342;4e7 
6,324Jfi9 



Cost, Earnings, Kxpenses, etc., 

Milo- f — — Hntew Etimings * 



nge* 


pM9*r. 


Freight 


Millie. 


TolaL 


62 25^354,484 


$9,649 $14,029 


$378,162 


62 25 


564,355 


n.266 


11,685 


647,306 


62.25 


555,215 


11J,OOB 


1 1,433 


679,653 


6225 


610,550 


109,977 


20,007 


739.434 


62/25 


716,4:^6 


127,340 


31,749 


875,525 


62.26 


70i.b76 


135.674 


43,192 


862,742 


62.25 


687,976 


152,049 


44.282 


684,:i06 


62,25 


749,324 


175.9 n 


46.447 


971.708 


62;i5 


663,149 


l:i8,0S4 


53,761 


854,994 


G225 


624,795 


157,1150 


45,947 


828,692 



Yearly. 

operating 
ejrponiiea. 
$199,748 
388,661 
424,899 
437,826 
528,614 
571,584 
577,649 
870,744 
623,425 
545,369 



Net . 


Blr, . 


Earnings. 


$ p.c 


•178.4 14 $174 930 7 


258,646 


174,930 7 


254,764 


209J14 T 


501,608 


nil mi 


347,011 


t* *i 


SlLLSa 


«« t« 


306.657 


" t. 


4tKJ,y64 


90,000 3 


231,569 


nU. nii 


293,333 


90,000 3 



10 jraJ47,497,l3a 622 50 6,229,960 1,190,030 322,532 7,742,522 4,868,409 2,874,113 738,974 26 
Aver- 4,749,713 6225 622,996 119,003 32,253 774,242 486,846 287,411 73,897 2j6 

KoTE, — Ttic Jibovo fltatoment does not Include the e»rnin|^ nor rurrcnt oxp»D«es of the Keir Haven 
and Nortboinv^ton R&iLnjiuj ; but it incltidt^s the low tn the New York und New llffven Coinpaoy, 
on Ojccimiit ot the lease, which for the firit »\% yeam aieriiged 824,453^ itnd for the last four >ears, 
$27,430, ujHkiiig in the Aggregate, $256,442 Tho stnti.»iiieai intdudes in expenses, the .itnount 

?Aid to the New York and Uurlera Cooipiiny for liiuling tlio vmtk of ihe former in the Citir of New 
ork, which Imve avernged t39,9Jl. amouutiu}; in the i>iggrug»te to 11399,315. The siim» paid lli« 
Ilurlem Company for the uee of its tand b not embnired in oithi^r the receipt! or expeotee, 
lUe lo** by the Nurwiilk jh< idoivl not uo.-lidteil in vxprncfcft wni $376,842, 



I 



I 



CONNECTICrT— NORWICH AND WORCESTER 



213 



NORWICH AND WOKCESTEll RAILROAD. 
{Fimtncial tfenr mihig 3 Of A N&t^mher^ 1859,) 



Board of Direltors and Officers, 1859-60, 



J. Newton Perkins. .New York C%, K.Y, 

John A. Weeks *^ *« 

V. Wnrtliington " *< 

JcdediaL Umitiugton.. . • , . ^ Norwich^ Ct. 



Clmrles Johnson .iVurtwcAj Ct» 

AJuses Pierce. " ** 

Franeirt H. Dewey ** « 

Alex. DeVVitt " »* 



Acot^sTL^s Bit KwsTKR, PrtfiideHt^. , . , Norwlch, Conn. 

George L. Pkrkjns, Ttmmitr *^ *< 

P, St. M- An DREWS, Sft^piriuUmient , " ** 

Principal Officc,*..* - Norwich, New London Qj,^ Conn. 



LiKOTU OF Road — Norwich, Ct., to Worcester, Mass 59.00 miles, 

Allen's Point Extension 7.00 " 

Second track, L80 mile. Sidin^^s ami other track, GJO mites. 



Rolling Stock — Locomotive eng^ines 14 

Cart :— Passenger, 17; baggage, 3, freight, 258 ; gravel, etc, 21 299 



The yhrwieh and JToirenfrr Rmlrand Cmnpmuf m a coneolidatron of the Bos- 
ton, Norwicli and New London Railroad Compitny, charU'red iu ('oirneeticut 
in Myy, 183*2, and the \Vtirce.ster and Noi-w ieh Railroad Coni|>any» chartered 
in Ma^achiiijetts in March, 18:i;i. The I egi si a In res of the t\Yo Statci^ passed 
separattj act^ in May, 1H3G, autlunizi ng the nnion, ahd conatitiilmt^ the 
stockholders of the companies severally stockholders of the consoh dated 
company under the title of the Norwich and Worcester Raih^oad Conjpany. 
The new Company was organiiied early in 1887, aiui during that and the 
ii«it year wiiiS ecgagcd in making surveys aatl contracting for the construc- 
tioQ of the road^ which wii^ completed and opened for buisinests early in 1840, 

SuARK Capital— Anthi>rized, S*J,H25,000, in 2h;250 $100 eharefl. 
Paid ifi, - . e2,122,5(J0, in 21,225 " 



PuKDJSD Debt — $714,998; classified as follows — 

l*f Mwt^tt/fe (Stafe Lottn)^ 6 per cenL^ coupon bonds ^.^ ^ .8400,000 

^ivted 1st July, 1857, and payahle, principal in 20 years, and coupons semi- 
aaaQally, 1st January and Ist July, jtt the State House, in Jioston. This 
loan was originally made in 1887, for 20 3'ears, at 5 per cent,, and has been 
extended from the date of maturity for a secofid Icnn. The }iremium on 
tilt bonds sold was set a|jai-t as a ninking fund^ to which $10,000 are added 
aftimidly from net earningJi. This fund now amounts to $58,500. 

*^ Uori^uge^ 6 per cenl,^ cottpon bonds ^. ._._-. . --- -$205,800 

-^tcd lat August, 1J^45, and payable, principal 1st August, 1860, and 
coti(K»Qs semiannually, Ist February and 1st August, at the American Ex- 
cl>an|?e Bank, New York City. Present amount of sinking fund, $84,296. 
WtliiMc? bonds» $142,000 are" held by the Norwich Savings' Bank, and are 
^be |>aid by aimual contributioim of $5,000, in additioa to interest 

£iUiUKm Ui Morttffiijf^ 7 per cent.^ hmids. $16,000 

-^ted Iftt January, 1850, and payable, principal Ist January, 1860, and 

STora.— la Ui« itat«ment for 1351, the pro?ioiu oaraiiigi iro included. 



214 



CONNECTICUT— NORWICH AND WORCESTER. 



interest semi-annually, 1st January and 1st July. These bonds have been 
paid since the 30th November, 1859. 

Gmeral Mort^age^ 7 per eent.y coupon hands $93,198 

— dated 1st, 1847, and payable, principal Ist December, 1864 and 1874, and 
interest semi-annually, ist June and 1st December, at the Farmer's Loan 
and Trust Company, in New York City. Of these bonds $30,000 are due 
1st December 1804, and $03,198 1st December, 1874. 



Floatixo Debt— $14,079. 



Cost of Road and Equipment — $2,013,094 

OraduatioD and mnsonry 3614,530 

Wooden bridges 32,750 

Superstructure, including iron 357,182 

Stations, buildings and fixtures. 49,169 

Land, land-damages and fences 142,592 



in detail as follows — 

Locomotives 975,640 

Passenger and baggage cars 31,525 

Merchaniliso cars 42,646 

Engineering 69,499 

Agencies and other expenses 1,193,261 



Income Account for the Year ending 80tu November, 1859. 



Receipts — 
Passenger earnings' 
Freight " 

U. S. mail " • 

RenU 

Other income 



•9130,127 
. 207,123 
. 2,400 
. 1,465 
. 6,375 



Total 8351,690 



Disbursements- 
Maintenance of road, etc* 
Repairs of rolling stock • • 

Operating expenses 

Interest paid 

Undivided surplus 



Total 



. $58,696 

. 50,866 

. 102,772 

. 42,225 

. 97,141 

.8351,690 



General Statement, 1st October, 1859 
Dr. 

Cost of road 82,463,983 

" rolling stock 149,71 1 

Assets and other property 166,405 

Profit and Ion 71,478 



Total. 



•82,851,577 



Share capital : 21,225 shares- 
State loan 

Funded debt 

Floating debt 



Total- 



Cr. 
•82,122,500 
• 400.000 
. 314.998 

14,079 

.82,851,577 



Year. 

1840* 
1841- 
1942- 
1943- 
1844- 
1845* 
1846. 
1847. 
1848- 
1849. 
1850. 

lesi- 

1862* 
18S3. 
1854. 
1856. 
1856. 
1857. 
1858. 
1859- 



Cost 
of Road. 

.81,777,471 

- 2J.i^,5[j2 

. 2j7U.4yi 

. 2,178,788 
2.197/249 
2,137,839 
2,09S.S08 
^,593,514 
2,585,104 
2B96,4t?a 
2,5[r6,4B8 

■ 2,596J89 
2,596, i Si 
2,59^,677 
2,616,811 

. 2,613.694 
2,613.694 



Cost, Earnings, Expenses, etc., Yearly 

Mile- / Gross Earnings 



age. Pass'gers. Freight. Mails, etc. Total. 
6600 r8,8e9 833,754 83,844 8116,517 

50,594 

50,419 

51,103 

78,783 

77,665 
110,750 
108,003 

99,959 
114,144 
134,382 
137,573 
139,009 
159,326 
161,268 
155,592 
170,851 
150,328 
157,872 
207,123 



6600 
66.00 
6600 
66.00 
66 00 
66.00 
6600 
66 00 
66.00 
66.00 
6600 
6600 
6600 
66.00 
6600 
66 OO 
66.00 
6600 
66.00 



99,332 
94,343 
95,856 
135,654 
116,201 
118,909 
114,310 
100,272 
104,398 
110,109 
117,606 
112,933 
138,294 
138,374 
125,998 
134.197 
124,554 
111,230 
130,126 



3,335 
12,596 
15,376 
16,232 
10,442 
12.250 
12,592 
17.842 
17;655 
16,768 
14.870 
15,619 
23,426 
23,112 
22,645 
18 354 
12,874 
14,455 
14,440 



155,261 
157,358 
162,335 
230,674 
204,308 
241,909 
234,895 
218,073 
236,197 
261,259 
270,049 
267,561 
321,046 
322,754 
304,235 
323,402 
287,756 
283,557 
351,689 



Operating 

Expenses. 

8.52,503 

78,805 

75,195 

8.0,899 

80,412 

89,621 

118.387 

141,433 

92,784 

114,869 

127,313 

138,550 

156,746 

169,824 

191,201 

215,777 

233,695 

243,139 

183,189 

212,324 



Earnings. 

less exp. 

864,014 

76,456 

82,163 

76,436 

150.262 

114,667 

123,522 

93,462 

125,289 

121,328 

133,946 

131,499 

110,815 

151,222 

131,553 

88,458 

89,707 

44,617 

100,368 

139,365 



20 ya- 47,262,977 132000 2,301,565 2,350,533 298,737 4,950,835 2,801,666 2,149,169 
Atw 2,363,149 6600 115,078 117,526 14,937 247,541 140,083 107,458 



<— Dir.-^ 

8 p e. 

nil. nii. 



45,000 3 
45,000 3 
nit. nil. 



33,896 n 

74,692 4 

89,711 4| 

84,418 4 

126,690 6 

52.787 2k 

nil nii. 



652,192 
27,609 1| 



^H LAWS OF THE STATE IN EEFEREXCE TO RAILROADS, 


1 


^^f Lifit of all the Ruilroad Companies 


cliartered m toe State of CoDnec- 


1 


ticiit» with the dates of the AvU of their iDuorporatioD ; nnd iilso the dates 


^1 


flod abstructei of u!i laws passed by the Legislature in reference thereto. 


1 


Tlio a«t«rijfik [*J pro^JCufj ati^iHeA that ibo work of con^tructiou has unt tvecEi iTjtiiLueiKeJ. 


Corpomte Titki* 


1*IIW3h 


• Abslmctfi of Laws. 


Boston a Nkw York CESfTuiu* * ■ » 


18S4, p. - 


{JnHctl with BtackittxJtMt and SoutJibrygo, May, 


114MT03C, Naawrcu &, Hkw Lu^idom- 


lM^, p. - 


Act of in. orporution, Mfty» 


^^^1 


♦♦ ♦. U kt 


IB36, p. - 


May anile with Worocst<ir smil Norwioh, May. 


^^H 




1845, p. — 
185ti, p- — 


At-t of itit'«rfjoratifiij, Mfiy, 

M(iy nnito with New Yt>rk and BoBtuii, May 




C«Aiu,iiS KiVKR (of MiiffiikehuaotUK 


^H 


*DA?«iiciir A, Skw York*** ♦♦ 


1819, p. - 
1830. p, — 
1853, p. ^ 
1854), p. - 
185^, p - , 


Actwf incorpomlion, Miiy. 

Act of iowjrpjration, Mi\j, 

Act uf inruffwration, Miiy- 

Tiiuo for coinplDtiutk cxUtoded, Mfty 

Timo for eompkiiun cxluudud, Ma> 


^H 


Kabt TltiiM I*Mtl^ .■t>,,.»....,«<i«* 


^^1 


u *♦ ,.,..... * . . 


^^^1 


*« 11 .,,.,,. 1 


^H 


" " .............. r .. « 


185B, p. ^ 
18i5,p. - 
1846, p. — 
1850, p. ^ 


Chitrter revived, Judc 9. * 

Aut of iuc(jr|M)r^Mion, Miiy. 

Kelutivo to the chartur, Miiy. 

CUjtngtjd to Dftuburv (im) Ncirwrilk, M«J, 


^H 




^^H 


U il ,,,.,♦,.,».,*.. 


^^1 




1846, p. - 
1848, p, - 


Act of iijcorp<jr<tti<m, May 
Authorized lu uxtctnd iirpinehf Mjiv. 




^^ *'^ '* .....4.«*.«.** 


^^1 


^^^^t ..•«.•...•.... 


184b, p. - 


Authtiri^uii to purrhiutu itiiHinlKk»iti<, Miyi 


^^H 


^^^^^1 • ■ * t ■ f 1 i t 1 i « 1 » 


1849, p. - 
1849, p. - 
1852. p. — 
1856, p - 


Tiuio for I'onatrittliiUJ exiuiidwd, Muy. 
Authi^riiuil to l>orrow uiooey, May. 
Aet of iueorpDrittion, May. 
Tiiiio for cuDstri]4.-tiun cTlended, May 


^H 




^^H 


^^1 *».It>t«««.*» 


^^1 


^H 


lb58, p. — 
1854, p. — : 
IBSS, p. - 


Time fur i-unstru^tinii cxtondod, Mjiy. 
Act of lucorfK^rciiioii, M4ity. 
Ayt of jnL»Mrj>-tr»liitn, Mht. 


^H 


■ lUttTrO&D 1 New IlAVKiT. 


^^1 


^^ w «.,...,, 


1836, p. - 


Relativii Ut liirocturj, De^einbor. 


^^^1 


^^^^ ..«..>.. 


18J8, p, — 


Timu extended for com pit t ion, May* 


^^H 


^^^^^k 


1839, p. — 


Authorizod to mav hiywk^ Muv 


^^^1 


^^^^1 


1S39, p. - 


Authurixed to own nLoamboatd, May. 


^^^1 


^^^^B .<«*.... 


1942, p - 


Chartur amended, May. 


^^H 


^^^^1 


1842, p, ^ 


Authorised to oxtoad road, October. 


^^^1 


^^^^1 


1844, p. ^ 


Tiuitf for eomtilotioQ extended. Muy, 


^^H 


^^^1 


1844, p, - 


Chungod to A'ew Haven and lliirlford, Mjiy. 


^^H 


^^^^1 ........ 


1845, p. — 


Miiy unite with Hartford and Spriuj^fi.iltJ, Mtiy, 


^^^1 


^^^B 


1851, p - 


May extend Mi (idle tow a bram-h. May. 


^^H 


^^^B 


185-i, p. - 


Authoriiod to inercuse cupiud stock, May, 


^^1 


^^^F 


1857, p. ^ 


AotboriKcd to inc:rQiLiif] cnpitui »toek, May^ 


^^^1 


^f HjLBTPOEJ) a PfiOVtDCZICB • • 


1B47, p. — 


Act of iiieorporalioti. May. 


^^H 


^^ ........ 


1848, p - 


Charter aniendod, May. 


^^H 


^^^^■^ 


1849, p. ^ 


Atitborisod to burnjw money, May. 


^^H 


^^^^1 ,. 


1849, p. — 


Relative to suita, M ly. 


^^^1 


^^^B 


1B49, p. — 


Time for completion extonJod, May. 


^^H 


^^^B 


1849, p. -^ 


May unite with X«w York anil Hirtrord, May 


^^H 


^^^^H ,..<.,... 


1831*, p. - 


Loan credit of the City of Hartford, M^iy 


^^^1 


^^^ JiAiitro&a, Piio?ii»KjiCE A risBi.it*r. 


1849, p. ^ 


Union *jf New Y<irk nn-i llnrtfonl nnd Hertford 
and Providence Companies, Mfiy. 


^1 


^l 


1851, p. - 


Charter amended, .Miiv. 


^^^1 


^^^^ 


I8SI, p. ^ 


Time of anniial raectin){ ch-itifjod, Mnr 


^^H 


^^^^P 


1852, p. — 


tlnited with Providence and Plain field. May. 


^^^t 


^^^'^ ti 


1854, p, - 


May iticreoM capital »(ock, Moy. 


^^^M 


^^T 


1859. p. -- 


Authoriied to Iwue boi»d«, Jano 17. 


^^H 


^^^ MARrroao 4 Si'iuxariicLu *•*••■ 


1835, p, — 


Act of incorporation,, May, 


^^^1 


^^^^L 


1933, p. - , 


flohitive to eon»tructio() uf rojid, Mity 


^^^1 


^^^^^ ........ 


1840, p." 


May take stock in Mnjjs. E.tteu«iiitii^ May. 


^^H 


■_ 


•216 





^ ^21G COXNEOTrcrr— RAILROAD LAWS^ ^^^^^H 


^^H Curi^mlo TiUes. 


L«twa , 


AbfltracU of Lavrj. ^| 


^^1 HARTFOIU) ± 5PH1I4 UFtRU) 


1840, p, — 


RchitivQ to «tL>C!kholdem. Ma v. ^^ 


^^^^k . * , 4. . . . . 


1841. p, — 


Rt'peal see. 1 of act of itreorporatioiiT Miiy. ^H 


^^^^^^^L ........ 


1341, p. — 


Timu for Gi>itii)lc!tii>a extcuiled, Mnv ^H 


^^^^^^^H 


1842, p. - 


AutboriEed to c<Hiim«ncc operations. Mat. ^| 


^^^^^^p ........ 


1842, p. - 


L'bnrtcir amended. Mav ^H 


^^^^^H .»«..... 


1845, p, - 
IB36, p. ^ 
1838, p. — 

leis. p. - 
\m% p. — 

IBll, p, — 


Miij organize with fiifU^GOO capital, Maj, ^H 
Act or iiii'orptjratioD. Maj. ^H 
Aiithurited U> construct brnnetif^Ji, Majr. ^H 
Ficlati%'o to the prweediiiga of, Mny. ^H 
K^jJiilivo to Cutjimiisaioiierii, May 2^ ^^ 
AulLiori«f3ii to oxtund road to BniJgc<[M)j-t, Maj. 




^^^^^^H 


^^^^^H 


^^^^^H^ .,« , 


^^^^^^1 . «« , 


1842, p. — 

1842, p. - 
184J, p, ^ 
1844, p. - 
1844, p. — 

1844, p. — 1 

1845, p. — 

1843, p. - 
1850, p. - 


Comm'crs oppoiot&d to exatnino rnud, June ^ 
Rolalii'a to Commisiionflri, Juov 6. ^H 
AutUarized to »t3tl forfeited atook, Juno T. ^H 
AuthoriEcd tu enll fiurplus itock, May, ^H 
Rcdativo to juint stouk ifjuipiiuic^, Maj. ^H 
Relative t4> mortgHgea, May. ^H 
Mny increajje }to<:k nod ifinue bonds, M»7 ^^k 
Cbarttir amended, May. ^^^ 
Relative to nunnal ixttiotiDfi, Mut. ^^^^H 


^^^^^^^^H 


^^^^^^^^^^^ 1 1 II 1 ■ ■ ■ 


^^^^^^^^^^^H 


^^^^^^^^^^^B _..... 


^^^^^^^^^H 


^^^^^^^^^^^^^B , , , 


^^^^^^^H^^^^^^ , ,ti<. *>•>•*••*•• 




^ •Kri.MjfOi.v 


1851, p. — 


Act of incortKirntion. Mar. ^^^^H 


^H •Ma»ciikstjsu • »'* 


183i, 0, — 


Act of iiiuurpomtion. Mar. ^^^^^1 


^^^^B .III 


18i9, p. - 
1847, p. - ' 


iinio tor ©rgimiKing eEtendwd, Mwy. ^^^^B 
Chiinged to Hartford imd Providonce, Ma? ^H 






^^^^^ *MKnil>K!l« ' 


18^2, p. — 


Act ol racorpomtion, May. ^1 


^^^^H Midland*' •* • 


ia^8, p, — 


May ptiri'haao Boston and N. Y. Cenlral, Mftj. 
Kclativtj to pureb&se of the same, Jans 15. 




1859, p. - 






1352, p. — 
1854, p. — 
IB5.1, p, — 
1857, p, - 


Act of incorpunitioj)^ May, ^h 
Autbohxcd to borrow muney, May. ^H 
Time fur const ruction extended, May ^H 
Time for eoinstruition extended^ May. ^H 




^^^^^^^K 


^^^^^^B 


^^^^^^^H ,**..*... 


1839. p. — 
1844, p. - : 


Timo fur eoiii<>tnictioci extended, June. ^H 
Act of incorporation. May. ^^ 




^^^^^^^^H 


!94y, p. ^ 


li«lrttivo to KaiIro»d in Middletown, and Uai« 
extended fur con*truction. May. 


^^^^m •IhumAinvHY A Stockbrii>gb--**>- 


1859, p. - 


Time for comnletion extended. M.av. ^H 




1853, p - 


Aet of inTOrixjratino. Mnv. ^^H 




^^^^^^H 


1B57, p. - 
1S53, p - 


iime (or construetion exteadod, May. ^^^^f 
Autborifted to trun«fer to MiiJbidd M«v. ^^^H 


^^^^^( 


^^^^^^^H .....«..« 


1859, p. " 
1845. p. - 
1647, p. — 
1848, p- - 


iimo fur construction oxtcndod, June 11. ~^^^H 
Act tif inourporalion, May. ^H 
Aultiorisied to borrow monoy, Miiy ^H 
Authurixed to burrow tuoner and tnerttaM ^H 


^^^^^^^^H 1 ■ ■ ■ 1 1 • ■ ■ 1 1 1 1 1 1 ■ 1 ■ ■ ■ 


^ , , „ 




^^^^^^^^^H 


1853, p. - 

1854. p. - 
1864, p. ^ 
1956, p. - 


enpitAi i»tu(!K, May ^| 
Revidnjf certain powers, May. H 
Autboriied to increase capital, May. ^| 
CummiiutoDerg for UxMitiun ap^iointed, May. ^| 
HeliLtive tci bc^nds. Muv ^H 


^^^^^^^^^^^H 


^^^^^^^^^H ... 


^^^^^^^^^H . * » 


^^^^^^^^^^^m 
^^^^^^^^^^^^^H 


1856, p. - 

1857, p. -- 


Autborised to b»uo bunds, Maj. ^| 
Cbarter amended, Mav. ^^k 




^^^^^^ •NkIT BittTAtK Jt MJBDLETOirff 


1852, p - 


Aet of incori>oration. Miiv ^H 


^^^^^H ..... 


185B, p. - 


Time for constrnctiun exlenrlod Mnv. ^H 


^^^^^H 


1856, p. - 


Time for con»truc*tion extcnrlud. Mav. ^H 


^^^^B 


1868, p. " 


lime fur cump lotion extended, May. ^H 


^^^^1 *New BniTAtir A PLmouTB. 


1845, p. - 


Act of inconioraliott. Mav. ^H 


^^^^1 'AKw Uavek. LfANiiuiir A KaiR - - 


1848, p. - 


Act of incorporation. Mar. ^H 


^^^^^^H 


IB50. p. - 


lielative to curnnionoiniF operaMonf. Mat. ^H 


^^^^K *^- Uavi:a. liAitT. A ^rniNoriKLD- 


1B44, p. - 


Mar unite willi Hartford an«l ^. Uaren. MMSf ^H 


^^^^^^1 


1845, p. — 


Time of union extended, May. ^| 


^^^^H Krw Uatsh & Nbw LOHTtQn *• < '■ 


1848, p. — 


Aet of incorporation. Ma?. ^^ 


^^^^^^^1 


1949, p. — 


Authoniod to borrow money, May. ^H 


^^^^^H . . . * . 


1850, p. - 


Ameadt section 1 of ch&rter, May. ^H 


^^^^1 1*1. Hayes, >1. UtxhoK k ]^TOfii2io7a» 


1856, p. -- 


Act of ineorporation. Mar. ^H 


^^^^^H 


1857, p — 


>lav conglruLt bridire o^rer MvBtic hirer. Ataf ^H 


^^^^^^^1 


1859, p. — 


Authuriiceii to isiue bonde, June 1 ^H 


^^^^H MW IlAVXK ft ^ORTMAllFTOfl 


IS48, p. — 


Chunffod from Farminirton Canal. Mar, ^H 


^^^^^^1 ..... 


1851, p. - 


Alteriikg tht* report of €onitnKtfiun?*rs, Mar ^| 


^^^^^1 


1854, p. - 


Autborixcd to use Fannin'ii Valley Kli., May ^H 



CONXliCTICUT-RArLROAD LAWS. 21T 


^ 


Corporeto TiUm. 


Uwi. 


Alvtriu^tj of Lawi. 


V t 


IB9, p- — 
IB52, p ^ 
J^S6, p. - 
ISM, p - 
1847, p. ^ 
1848 p. — 

im, p, — 

1851, p. - 

1852, p. - 
1854, p. — 

1555, p. ^ 
4955, p. ^ 
1 856, p. - 
1^57, p — 
19&9, p. — 
1&46, p. — 
1947, p, — 

1649, p. — 
1849, p. — 
1S5A p. — 
1854, p. - 

1854, p. - 
183t>. p. - 

1856, p. - 
1645. p — 

1845, p. ^ 
1346, p. — 
1847, p. — 
l!i4y, p, — 
1844, p. — 
1S45, p — 

1846, p. - 

1855, p. - 
i;^5. p ^ 
18i3, p. - 
L^51, p - 
1858 p. — 
1831*, p. - 
lSi2, p ^ 

18ii, p. — 
1841. p - 
1661, p.-* 
I8i'?, p - 
1840, p — 
184i, p - 
|B4i, p. -* 
1B45, p. ^ 
IB48, p - 
lfe«U, p - 

1650, p. -* 
If6j, p — 
1654, p - 

1855, p. - 

1556, p. - 

1857, p. -^ 
1857, p - 
IBS^p. - 
1632, p. - 
1954, p. - 

1957, p. - 

1856. p. - 
1867, p. -- 
iai9, p. - 
1855. p. ' 
1939, p, - 
m% p. - 


Act of idc'^irporatioit, May. 

Avt i*t ineorporatinn. May. ! 
Timo Ur cotnploLiun exlfriJed, May 
May oti»t« wUli N, lliiven Willi N l>jiiiion, Maj. ! 
Ael t^i iiii'orp*milo, May. 
ChaiTigefl Ui N L^ Willimnntic A Palmer, May. 
Aullioriied to JM^iua Ijunds, MdV- 
Tiine for ciuiipkriun «xl«nduil, May. 
May iuWribe tu Amhurai A ll«lch«rU»WD, M»y. 
Coufirmiiig ihu iiol*i uf Ibo rumpuiiy, Muy, 
Repeiiliu^; tee ISuf ncl of inn'orpor:ition, May. 
Time fur loctttiun ej^toiideiJ. May. 
May loU rtuul, May 
Charter ameDdod, Mn j. 
Helattre to dcpoiiit of tnoriejet, May. 
Act of inciurpurutlgti, Miij 
Relative to eomracnciiig opurnlitmin, Miiy. 
Muy build a hridj^o ovwr Cotm Uivur^ May. 
Authorized to Wrrow ii]on«'>\ Muy 
TitLiQ of voiupktiioti C3xltfn<k'd^ Mdj. 
Aulborixciil to iMU« hotid^ft. Muy, 
Mj*y miito with WtK>ni»*K'krt Irion RR,, May. 
Timo of completion ext4«iajtid, 5Ii*y 
Uuloti with Cburli^ii River HR. cuiiBrmed, Mny. 
AH of iooorpumtiuu, May. 
Rcljitiro to commetitiing operations, May. 
M^iy »uh8cribi? to NY, and Vamtx. KR, May 
TlDK« for L<umptvtiim extemled, May. 
Time fur compk'tioa extutidud^ May. 
Act n^f inc4>r^Hirotiijn, Muy 
Tiuitj DXtetidi^d for coiiipltttion, May. 
Coiitlrmi laws of Stn(« of New York Muy. 
Authoriaod hi (nite bouda, Mwy. 
AutboriKod ti> couipnitni^o cUlin«, Miiy. 
Act of iDcorponitiufi, Mny. 
AutlioriB(^d ti> iiwut? pn?!erred fUwk, Miiy. 
To aid conjitriu'tion uf N Loti Kxt4Jti.<iion. May. 
Rulniive to N«w Huvon A *New Looiiott. May, 
At-'l of iDiorptjmtioii, Mftv. 
Unit«d with N. Vork. I»mY awd Dost«ii, May. 
Act of HKt«r|Mjration. Muy 
.A«'t of int'orpomlion, May, 
.Act of incor(.i«ratioii, ^tay. 
Time fur looation extemlod, May. 
Rdritivo to debt, May. 
Autborixud to iiuue blinds, M>\v. 
May jiiibsfribo to Woru-Gnt^r A Xriabufl, May. 
*utb«>ri«ml \(i iiicruiutu cjipiUl stork, Mwy 
AutliorUod to iiicriMJits urtpital stock. iM.ty. 
Cbarter finiendc^d, Miiy. 
Authorizod to t^iudtruet bramh, M.ty. 
Ratify in^ net of Mu^ucbu.^ctt*, May. 
t 'ont'oming brid^^e*, Mwy 
Time for completinfr branch extuudcU, May. 
Appn*?iiig a«l of MaMftcbuictti, May. 
Act of im-orponitinu^ May. 
Act of iiUMjrfKiratioD, Msiy. 
Act of iniMrrptJirtitioo, May* 
Uoited with Bost^m nn<i N. Y- Central May. 
Act of incorfhirKition, May, 
Act of int'ijrjxjnititjn, 5iayt 
Act of iri':"rjHtftitiitn, Muy, * 
Cbartor nnn>ndiM|, Muy 
Tuuo far eoniiruottoii' «][t«ud«d. Jao« 17. 
Act of inwrporntion, May. 
Time for cini » ' xt ended, May, 
Act 4>f incur 1 1 V , 
Act of ittcur|. 1 ly. 


Xnif LoMDoj; 4 SrosifioToir 

S. UfDoy, W'lrric & Sprihofibld 

^» U II 
a M 44 
It U H 
II ft » 
N to (1 
II It 14 
H I* U 
it U (i 




** M ** ............. 


<• « 1» ..,,..,«.«... 


M M 44 .,,,,<••«■• 


* •♦ ♦* ....*«....-.• 


1) |{ M «,,„,,,,....♦ 


»* *♦ *• «.»..,.»..«.. 




i> I. 41 » , , , 




«♦ k( 11 , . 

U«t YoiK 4 Nuw Uavbh. 

•* tt 44 44 ....... 

" <♦ M *l .,,.,., 
t »« M 44 U 

<• ♦. 4 


•^'>»iric» t Lyme 


U », 


« ♦♦ . . , , 

it « .♦. 


H M .,.», 

« U « 

It «* ,,, ,. 


• » «• .» •« .. .. 
It ll ,. 


It I* ...., 


^"^•thaii ijn4i»cii • •* ♦• •• ** 


^4i0f A^AMJBtJIlir * 

^"^imiiHJie A Bi.Acg^HTwirit 






•« M ^ 


••■WItOOK k DllBP lUVKR, 

JJllUMAlTIt' 4 TH4»lll»»lOHf 

''wiioi 4 lAatrrviu^K • • » ' 

• 



^^^^^^^m STATE OF NEW YORK. ^^M 


^^^^^H Albaxt and Scuxnrctadt. 


New York and Erii:. ^B 


^^^^^^H Albany ani) Susquehanna. 


Nkw York and Harlem* 


^^^^^H Aliianv and Vermont. 


New York and New Haven. 


^^^^^^H Al^BANV AND WiCST S rOCKHRlliafS. 


t^iAGARA Bridge and CANANDAfOVAtf 


^^^^^^B Atlantic and Great Wkspkrv 


Niagara Falls and Lake ONTAfttCKt 


^^^^^^1 ArncA and Aulkc^uanit Vallkit. 


Ninth Avenue, (New Ytjrk City,) 


^^^^^^H Attica and Bltffalo. 


Og DENS0U iiG , ( Nurtheru. ) 


^^^^^H AirBUKN and HoCH£.-^TER. 


OoDENSBLRGj ClAYTON AND RoME, 


^^^^^H Alburn and Svkacuse. 


Oswego and Syracuse. 


^^^^^H Avon, Gkneseo and Moukt Morris, 


Panama, 


^^^^^H Black Hlvhr and Otica. 


Plattsburg and Montreal, 


^^^^^H Blo^^buko and Corning. 


Potsdam and Water town. 


^^^^^1 Broadway, (BrooklyD.) 


Rensselaer and Saratoga. 


^^^^^H BiiodKLYN Central. 


RoCDEiiTER AND GeNESEE VaLLEY. 


^^^^^H BROOKLYN 


RoiUEjiTER and Lake Ontario. 


^^^^^H BllOOKLYN AND JAMAICA. 


Rochester, Lock. & Niagara Falls* 


^^^^^H Buffalo and Black Rock. 


Rochester ani> Syracuse. 


^^^^^H Blffalo, Bradford and Pitti^burg* 


Rutland and Washington. 


^^^^^H BiFiALn, Corning and New York. 


Sackett's Harror and Ellisburo. 


^^^^^H Blffalo and N>:\v York City. 


Saratoga and Schenectady. 


^^^^^H Bi'FFALO, New York and Erie. 


Saratoga and Washington. 


^^^^^H Buffalo and Niagara Falls. 


Saratoga and Whitehall. 


^^^^^H Buffalo and EocJiEiiTKR. 


SCUENKCTADY AND TrOT. 


^^^^H Buffalo and State Line. 


Second Avenue^ (New York City.) , 


^ CaVUIM and SusaU£tlANNA. 


Sixth Avenue, (New York City.) 


^^^V ClIEMt^VG. 


Skaneatelf-s and Jordan, 


^^^^^^ EitiUTii Avenue, (New York City.) 


SuDus Point and Southern, 


^^^^^H El [VI IRA, ilEFFERilON & CaNANDAIGUA. 


Stat EN Island. ' 


^^^^^H Elui: AND N£w York City. 


Syracuse, Binghamtok k N* YoiiS' 


^^^^^H 


Syracuse and Utica* 


^^^^^H 


Third Avenue, (New York City.) 


^^^^^1 HtCKVtLLE AND CoLD SpRiNG, 


Tonawanda. 


^^^^^H Hudson and Boston* 


Troy and Bennington. 


^^^^^H IIUMSON RiVKR, 


Tri^y and Boston. ^^M 


^^^^^H Lake Ontario, Auburn & N. York. 


Troy and Green bush. ^^H 


^^^^^1 Lake Ontakio and llumoN KtV£R. 


TlloY AND KirrLANO. ^^H 


^^^^^H Leraxon Springs. 


Troy Union. ^^H 


^^^^^H 


Utica and Schenectady. * ^^H 


^^^^^^H Long 


Watertuwn and Rome. ^^H 


^^^^^H New York Central. 


WlLLLAMSPORT AND ElMIRA. ^^B 


^^^^H The Railroad first oonstructed in the State of New York was the Mohawk 


^^^^^^ find HtDl^^on. It waa chartered in 18*20^ and iU construction commenced in 


^^^H 183<\ Biid completed m 1831. It wua one of the first in the United States 


^^^H on whluh locomotive power was used, two engines having been placed on it 


^^^B Boon after its opening. It was conRtructed vvitli inclined planes, worked by 


^^^H Btationory engines near each torininus, with inelinalions of one foot IQ 


^^H eighteen. The plane near Albany was 3:102 foot long; that no>ir SchenOB 


^^^. 21B 1 



STATS OF NEW TOEK 



2)9 






tady 2046 feet The rail u=jed was a flat bar» O-lOtha by 2i inches, laid upon 
longitudmiil silk. Tlie plaoea were retnoveci hi 1844, when tlie roud was 
re-cnnstnicted. In 1847 its title was changed to the Albany and Schenectady » 
aad in 185B it was consohdnted into the New York Central. For the curlier 
years of ita history it paid nothing to its stockholder:*, the greater portion 
of its earnings being used in the maintenance and re'ConstrLtcUou of the road. 
The second road constructed was the Saratoga and Schenectady, whieh 
was commenced on thb Iwt September, 18*:ll, and completed on the 12th 
July, 1832. It was rudely couHtrticted according to the stiiiidiirdd then 
isting, with flat bars laid upon longitudinal silla. It wa^ an ufiprodnctive 
Work till 1851, when it was leased to the Rensselaer and Saratoga Company 
jitun annual J*ental t*f $80,160. 

The railroad next undertaken was the New York and Harlem, of which 
nboat one mile of that road m the city of New York was opened in 181^2. 
This road was not tiually completed till 18.'>2. It hits uot been productive 
on itg common stock, having paid its holdurti dividends e^]uaUingouly 0.3 per 
tient. It \\m a valuable entrance into tue city of New York, and, in con- 
nection with the Western, form^ a line between that city nnd Albany. 

hi 1834, two roads, the ButTaU> and Black Rock, 3.34 milea long, and the 
Ithaca atid Owego Railroad, 28JG niile=t, were opened. The former was a 
cheaply constructed road, and Wixa abandoned on the opening of the Buffalo 
find Niagara Falls Railroad. The Ithaca and Owego liailroad was, at the 
time, regarded iuh a work of great public interest and importance. The 
Btaic loaned ita credit to it, to the amount of $315,700, which, with the 
iotcrost accruing, was nearly a total losfl — the road being sold at auction by 
ll>e Comptroller of the State in 1842 for $4,000, and re-organized under the 
title of ihe Cayuga and S usque li anna. For many years after its condtruction 
It was entirely unproductive. It haa been since re -constructed, and Iciiaod 
l*i the Delaware, Lackawanna and Western, at an annual rental of §54,000, 
lu 1^35, the Rensselaer and Saratoga Railroad was opened, its construc- 
tioa hiwiog been c^>mmenced iu 1833, This hiia been a fluccessful work, 
Mng annually returned to its shareholders, since 1843^ dividends at the 
Oite of 5,6 per cent. 

h 1836, 89 miles of railroad were opened^ — the Brooklyn and Jamaica 
n miles, and the Utica and Schenectady^ 78 miles. The Brooklyn and 
Jamaica was leased from its opening to the Long Mind Railroad Company, 
Bt m annual rental of $33,300. This lea«o is about to be cancelled, and the 
f*»td consolidated into the Brooklyn Central and used as a city or hoi*&o 
r^ai The Utica and Schenectady was c^msnlidat^d into the New York 
tWal in 1853. It was one of the most productive railroads io the coiintr}', 
liftviog paid dividends averaging 10 per cent, per annum. 

Id 1H37^ 72 miles were opened — the Buffalo and Niagara Falls, 22 miles; 
thcLewieton, 3.50 miles; the Long Island, 15.0G miles, and the Tonawandu, 



^1^ STATE OF MEW YORK. 

H! ^0 hiilijtti, Tiiu Buffalo and Niagara Falls Railmad was a productive 
jviiig dividentls at the avera^^o rate of 7,3 percent In 1855 it was 
^i/iisoMklatud with the New York Central The Toaawanda Railroad was 
o^at>olidiUed with the Attica aad Buffalo into the Buffalo and Rocbeater in 
185U. Previous to the consolidation, it paid dividends averaging 4.50 per 
oout. In l85Ji> the joint line was consolidated into the New York Central* 
The Kewifciton waa operated for Bonne time by liorse power. In 1854, it was 
extended to the Buffalo nnd Niagara Falls liaihoad, and in 1855 it was con- 
ioliduted into the New York Central The Long Islmd Riiilroad was not 
finally completed till 1844, Toward its construction the State loaned its 
credit to the amount of f 100,0DO. Tlie road has paid nothing to its stock- 
holders* 

In 1837 no railroad was opened. In 1838 53.47 railos were completed, 
th«? Auburn and Syracuse, 21.97 miles, and the Hudson and Berk(<hirc, 3L5U 
miles. The Auburn and 8}Tacuse Railroad wa8 merged, in 1850, into the 
Rochester and Syracuse, and in 1853, into the New York Central It was 
a productive w^ork, paying dividends aveniging 8 per cent Toward the 
construction of the Hudson and Berkshire Railroad, the State loaned its cre- 
dit to the amount of $150,000, which became a total loss, as tlie road waa 
sold, in 1854, under the foreclosure of a mortgage taking precedence of the 
State lien. It was purciiased by the Western Railroud ('ouipany of Massa- 
chut?etls, by which the western portion has been ru-cuMHtructed, under the 
name of the Hudson and Boston. The portion east of Chatham has been 
abandoned. 

In 1830, 57.15 miles were opened — the Syracuse and dtica, 53 miles, and 
the Auburn and Syracui^e (extended), 4.15 miles* The Syracuse and Utica 
was consolidated into the New York Central in 1853, after having paid divi- 
dends averaging 10 per cent. 

In 1840 no adilitional milciige was opened. In 1841, 167.23 miles were 
opened, viz: the Auburn and Rochester, 78 miles; the Blossburg and 
Corning, 14,81 miles : tlie New York and Erie, 40.13 miles, and the Albany 
and West Stockl»ridgc, 23.13 miles; and the Long Island wiit. e^itemied 
5.1G miles. The Aubiu'u and Rochester was consolidated with the Auburn 
and Syracuse into the liochester and Syracuse, in 185Q, and the joint line 
into the New York Central in 1853. Both roads were productive, piiying 
dividends aveniging 8 per cent. The Blossburg and Coi-ning, which was 
operated many years without profit, wiis re constructed in 1852, and leased 
to the Tioga Railroad Company of Punnsylvmiia at an annual rental of two- 
thirds of its gross earnings. The All>any and West Stockbridg© was con- 
structed and is owned by the Western Company of Massachiisutta, 
forraing a part of its line. The New York and Erie was finally completed 
in 1851. For account of this road referonco is mude to the stateraent in the 
body of this work. 



J 



STATE OF NEW YORK 221 

In 1**^42^ 97.91 miIo« were npcncd— the Attica and Buffalo, 3L95 miles; 
the Scbunectacly and Troy, :20.r>0 mnes; the Albany aud Wost Stockbridge^ 
15,12 miles; thy Tonawanda, 12,04 miles; thu Jjong Lslundi 11.9-t miles, and 
the Harlera, 6,26 miles, The Attica and Buffalo and Tcmawandu Railroads 
were coafealldated in 1850 nndi^r the title of the Buffalo and Kaehest*?ry and 
were united with the New Yurk Central m iH^fS, The connection of thet*e 
roiids* completed the line between tho Hudson Kiver and Lake Erie. The 
Attiea and Buffalo was a prnductjve work, paying dividends averaging 9i 
per cent. The Seheneetudy and Troy was operated at a loss till 1^5;j» when 
it wnp cwjueolidated into the New York Central. 

Id 1843, 12.11 milea were opened — the Skeneateles and Jordan,;!. 27 miles, 
and the New York and Erie, 6,84 miles. The Skeneateles and Jordan was 
u?ed as a hort^e railroad lor t>everal yeni's and then abandoned. 

In 1844, 66.81 miles were opened^thc Long Inland being extended 54.81 
milc&f Jiod the Now York and Harlem 12.00 miles. , 

In 1845, the Troy and Greeubuyh, 0.00 miles, wat* opened. In 1851, it 
wns leaded to the Hudson Kiver Railroad Company for 999 years, ut aa 
,iiinuii1 rental of T per cent on its cost It had previonsly paid dividends ut 
the* rate of about 3 per cent. 

In 1H46, the New York and Erie Railroad was extended 6.00 miles. 

In ]S47, 37.33 milea of rond were opened—the New York and Erie being 
extended 12.08 rniles, and tlie New York and Harlem 25.25 miles. 

In 1^48, 104,66 miles were opened — the Osjwego and Syracuse, 35.91 milee; 
the Saratoga and Wasnington, 28.34, and that portion of the New York and 
New Haven in the State of New York, 14.14 rniles, and the New York 
and Harlem w^as extended 28.91 milea. The Oawego and Syracuse Rail- 
ro#d has been productive, having paid its stoekholders dividends, in cash 
and stock, averaging 64 per cent. The Saratt)ga and Washington was sold 
in 1S55, under process of foreclosure, and re-orgimized under the title of the 
Saratoga and Whitclial!, It has been almost entirely unproductive to ita 
Clnckholders, having pjiid dividends at the rate of only LIO per cent 

In 1849, 310,36 miles were opened — the Hudson River, 66*09 miles; the 
Northern {Ogdentiburg), 15.00 miles; the Watertowm and Rome, 18 J 1 miles; 
the Chemung, 17.3G milesj and the Erie was extended 193.74 miles* The 
Hudson River Railroad has thus far paid nothing on its stock. The North- 
ern has proved an unfortunate enterprize, and was sold in 1S56 upon a pro- 
cesB for the forechisure of ita second mortgage, for 81,500,000; the purchasers 
orgimizing a new company under the title of the Ogdensburg Railroad Cora- 
pony. It has earned the interest on its fia'st mortgage bonds. The Water- 
town and Rome has been a productive work, having paid dividends averaging 
7 per cent The Chemung Railroad was leased to the Erie for 10 years 
from its opening, at an annual rental of 836,000, On Ist January, 1859, a 
new lease for 2i> years was executed, with a renUd of $30,000 annually 



STATE OP NEW YORK, 



In 1850, 168.48 miles were opened— the Northern, 42.86 miles; the Wutd^ 
town und Rome, 24.00 miles; the Hudson River, 8.62 miles; the Saratoga 
iiud Whitehall, 18.88 miles; the Erie, 611.27 mile,s, and the Cayuga and Sm- 
quehanna, 5-85 miles. 

Li 1851, 385.02 miles were opened* The ('anandaigim and Corning, 
46.84 ; tlte Butialo, Corning and New Yoik, 44.74 ; the Troy and Rutland 
17.27; the WaterLown and Rome, 80.08; the Ogdensburg» 50.20; the Hud- 
son River, 69,01, and the Erie, 127.78 miles. The title of the Canandaigua 
and Corning was chiiiiged, in 1850, to the Canandaigua and Elniira. In 
1858 the road was sold for ^200,000, on the foreelt^aure of its first mortgage, 
and a new company orgsmized tmder the name of the Elmira, Jefferson and 
Cunanduigua. On the 1st January, 1859, it was lea.sed to the Erie Railroad 
fur a period of 20 years, at an annual rental of 830,000. The Buffalo, 
Corning and New York Railroad went into the hands of its first mortgage 
bondholders la 1856, who foreclosed their mortgage, and in 1857 sold the 
road lo the Buffalo, New York and Erie Railroad Company. The Troy 
and Rutland Railroad was leased for the period of its charter to the Rutland 
and Washington Railroad of Vermont, at an annual rental of six per cent 
on its cost. The amount liaa since been reduced to $16^000 annually by ao 
agreement between the companies. 

In 1852, 407.93 miles were opened. The Buffalo and State Line was 
opened 27.34 miles; the Buffalo and New York City, 01.50 miles; the Platts- 
burg and Montreal, 23.17 miles; the Rochester, Loekportand Niagara Fulls, 
76.60 miles; the Sixth Avenue (New York City)^ 3.71 miles; the Troy and 
Bennington, 5.38 miles; the Troy and Boston, 32.56 miles; the Williamspurt 
and Elmira, 8,00 miles. The Buffah) and Rochester Railroad was extended 
4.49 miles; the New York and Harlem^ 50.51 miiet^; the Ntulhern, 60,20 
miles, and the W^atertown and Rome, 24.57 miles. The Buffalo and State 
Line was fully opened in 1853, and has been a productive work, having paid 
dividends averaging 9 per cent The Buffalo and New York City failed to 
pay iti? interest falling due on the let of July, 1854, and its affiiirs have since 
been involved m litigation. The western division of the road, 31i miles long, 
was sold under a process for foreclosure; the purchasers sold the same to 
the Buffalo, New Y**rk and Erie, and it now forms a part of a new road 
from Buffalo to the New York and Erie; the division from Attica to Hornells- 
ville, 60 miles, is run as a branch of this road. The rights of the several 
classes of creditors of the Buffalo and New York City Railroad are being 
made the subject of legal adjudication. The Platt^burg and Montreal Rail- 
road has probably been run without |>ro6t since its opening. It was sold in 
1858 for Sb^0,00U, under a process fur the fureclosure tjf its first mortgage. 
It is still operated by trustees appointed by court The Rochester. Loekport 
and Niagara Falls Railroad was consolidated in 1853 into the New York 
Ceatrah The Sixth Avenue Railroad has puid annually 8i per cent to its 



STATB OF NEW ¥OEK. 



22a 



stockholders. The Troy and Bennington was leosed to the Troy and Boston 
for 20 years from its opening, at ao annuul rental of about 6.50 per cent, on 
its cost The Troy and Boston lias been unprmltietive to its stockliolders. 
The Union is a sniail link connecting the Erie with the Faterson and Rumiipo 
of New Jersey, and is owned by it. The Williamsport and Elmiru is 
described among the railroads of Pennsylvania, 

In 1853^ 267.96 miles were opened. The Albany^ Vermont and Canada 
was opened 3*2,95 nnlei? ; the FIuKhing, 7.80 miles; the Canandaigaa and 
Niagara FallSj 87.18 miles; the Roehcsler pud Lake Ontario, 6.88 miles; 
tlie Sacketts Harbor and EUisbnrg, 18.50 miles; the Second Avenue (New 
York), 5.7G miles, and the Third Avenue (New York), 5.87 miles. The 
Buffalo and State Line was extended 41 miles; the Buffalo, Corning and Kew 
York, 45.17 miles; the Trny and Rutland^ 14.73 miles; the New York and 
Harlem, 2.12 miles. The New York Central Railroad ivas formed this year 
by the consolidation of several roads. The Albany^ Vermont and Canada 
has been a disastrous enterprise, its earnings only slightly exceeding: its cur- 
rent expenses. It has been twice sold under proeea*^es for foreclosure of its 
mortgages, the last sale being for S25,000. Under this sale a new company 
has been organized. The Flushing Railroad has also been sold on process 
for foreclosure of \is first mortgage, and u new company organized. The 
title of the Canandaigua aad Niagara Falls was changed to that of the 
Niagara Bridge and Canandaigua Company in 1858. This road pnssed into 
ibe hands of \iM first bondholders on a process for the foreclosure of their 
mortgage, who leased the road in perpetuity to the New York Central Rail- 
road Company in 1858, at an annual rental of S60,000, The Rochester and 
Lake Ontario Railroad has been merged into the New York Central. The 
3ackett*s Harbor and Ellinburg, after having been run some time at a loss, 
has been abandoned as a public lughway. The Second Avenue has paid 
dividends averaging 3 J, and the Third Avenue dividends averaging 6 J per 
c«nt 

In 1854, 170.82 miles were opened — the Brooklyn City (horse), 14.43 
miles; the Potsdam and Watertown, 17.23 miles; the Rochester and Gen* 
ieee Valley, 18.45 miles; the Syracuse and Bingliamton, 70,09 miles; the 
Eighth Avenue, 5, till miles; the Hicksville and Cold Spring, 4.00 milei^; the 
Niagara Falls and Lake Ontario, 13.15 miles, and the Troy Union, 2,14 o^iles. 
The Niagara Falls and Canandaigua was extended 13.03 miles; the Buffalo, 
G>rn»ngand New York, 10.09 miles; and the Northern,2.52 miles. Tlic Brook- 
lyn City mad has paid dividends averaging 6.09 per cent. The Potsdam 
and Watertown has failed to pay the iiiterest on its first mortgage boada; 
a portion of the same has been su[>plied by the Watertown and Rome Rail- 
road Company, which guaranteed their payment. The Rochester and Gen- 
esee Vsilley Railro.'id has been leased to the Buffalo, New York and Erie 
Bailroad| at a rental ot 52 per cent of its gross earnings. Previous to ibo 



221 STATE OF NEW YORK. 

lease, it had paid nothing to its stockholders. The Eighth Avenue (New 
York City), road has paid dividends averaging 11 per cent The Niagara 
Falls and Lake Ontario was never fully brought into use, and may be regarded 
as abandoned. It was designed as an extension of the Niagara Falls and 
Canandaigua. The Syracuse and Binghamton was sold in 1856, on the 
foreclosure of its first mortgage, and a new company formed under the title 
of Syracuse and Southern. It has paid nothing to its stockholders. The 
Hicksville and Cold Spring is leased to the Long Island, at a rental of 7 per 
cent on its cost. The Troy Union was constructed by the sevend companies, 
the railroads of which enter Troy, and which guarantee 7 per cent, on the 
bonds issued by the city for its construction. 

In 1855, 31.12 miles were opened — the Black River and XJtica was op)ened 
16.00 miles; the Potsdam and Watertown was extended 12.13 miles; the 
Brooklyn City, 2.99 miles. The Black River and Utica has proved an 
unproductive work, and is soon to be sold under process for the foreclosure 
of its firt>t mortgage. In this year (1855) the road of the Panama Railroad 
Company, which is a corporation of the State of New York, was opened for 
its whole length. This has been a productive work, and has paid dividends 
averaging nearly 11 per cent. Since it commenced operations, in 1852, its 
net earnings have nearly equaled the cost of the road. 

In 1856, 46.17 miles were opened — the Potsdam and Watertown was 
extended 24.64 miles, and the Black River and Utica, 21.53 miles. 

In 1857, 34.53 miles were opened — the Potsdam and Watertown was 
extended 21.36 miles, and the Brooklyn City 2.17 miles. The connecting 
link in the Buffalo, New York and Erie, and between the Attica and Bata- 
via, 11.00 miles, was also built. 

In 1858, the Union (at Syracuse), 1.25 miles, was opened. 

In 1859, the Ninth Avenue (New York City), w^as opened 8.50 miles; the 
Broadway (Brooklyn City), 4.50 miles, and the Genesee Valley, 15.53 miles. 
Total in the year, 23.53 miles. 

NEW TORE CITT PASSENGER ROADS. 

What are termed City Passenger, or Horse Railroads, were first brought 
into use in the City of New York. The New York and Harlem was the 
first road of the kind constructed, a portion of it within the city having been 
opened in 1832. It has always been worked by horses below Twenty-seventh 
street No other road of the kind was completed till 1852, when the Sixth 
Avenue Railroad was opened. This was followed, in 1853, by the Second and 
Third Avenue roads; in 1854, by the Eighth, and in 1859, by the Ninth Avenue. 
The success of these roads is a remarkable illustration of their adaptedness 
to the wants of large cities, and the manner in which the right to build them 
has been exercised, of the entire impunity with which the grossest out- 
rages on the public are perpetrated in the city of New York. The saving 



STATE Of NEW TOfOL 



228 




stockbolders. The Troy and Bennington \vm leased to the Troy and Boeton 
for 20 years from its apeniDg, at an annual rentiil of about 6,50 per cent, on 
\U coet. The Trov and Boston hiia bean unprod active to ita Btut-kliolders* 
The Union is a small link eonnectin;j; tlie Erie with the Putersou and RuTnai>o 
of Nt;w Jersey, and is owned by it. Tlie Willi umsport and Elmtra ie 
described among the railroads of Penns^ylvaaia. 

In 1853j 207,96 mitea were opened. The Albany, Vermont and Cacadtv 
was opened 82.95 miles ; the Flushing, 7.80 miles ; the Canandaigua and 
Niagara Fulls, 87.18 miles; the Rochester rnd Lalce Ontario, 6.88 miles; 
the Sackett's Harbor and Ellisburg, 18.50 miles; the Second Avenue (New 
York), 5.76 o)iles^ and the Third Avenue (New York), 6.87 miles. The 
BufTalo and State Line was extended 41 miles; the Buflulo, Corning and New 
York, 45*17 miles; the Troy and Rutland, 14,73 miles; the New York and 
Harlem, 2J2 miles. The Ni^vv York Central Railroad was formed this year 
by tlie consolidalion of several roads. The Albany, Vermont and Canada 
baa been a disastrous enterprise, its earnings only slightly exceeding its cur- 
rent expenses. It has been twice sold under processes for foreclosure of its 
mortgages, the last sale being for $25,000. Under this sale a new cotnpany 
has been organized. The Fluwhing Railroad has also been sold on process 
for foreclosure of its first mortgage, and a new company organized. The 
title of the Canandaigua and Niagara Falls was changed to that of the 
Niagara Bridge and Canandaigua Cotnpany m 1858. Ttiis road passed into 
the hands of its first bondholders on a process for the foreclosure of their 
mortgage, who leased the road in perpetuity to the New York Central Rail- 
CV>mpauy in 1858, at an annual reattd of $60,000. The Rochester and 
:o Ontiirio Railroad has been merged into tlie New York Central. The 
Sackett's Harbor and Ellisburg, after having been run some time at a loaa, 
haul been abandoned as a public highway. The Second Avenue bus paid 
dividends averaging 3i, and the Third Avenne dividends averaging 6^ per 

CGOt 

In 1854, 170.82 miles were opened — the Brooklyn City (horse), 14.43 
miles; the Potsdam and Watertown, 17.23 miles; the Rochester and (xifn- 
«He Valley, 18.45 miles; the Synicuse and Bingharaton, 79.^9 miles; the 
Eighth Avenue, 5,09 milen; the Hicksville nnd Cold Ppring, 4,00 miles: the 
Niagara Falls and Lake Ontario, 1^.15 miles, and the Troy UnioD, 2.14 miles. 
The Niagara Fulls and Canandaigua was extended 1:3.03 miles; the Buffalo, 
Comingand New York, 10.00 miles; tmd the Northern, 2.52 miles. The Brook- 
lyn City road has paid dividends averaging fivOO per cent. The Potsdam 
and Watertown has failed to pay the intt»rcst on its first mortgage bonds; 
aptirtion of the same lias been su|>plied by the Watertown and Rome Rail- 
road Ctirapany, which guaranteed their payment. The Rochester and Gen- 
mm Viilk-y Railroad has been k*ased to the Biifalo, New York and Erie 
id* ui ti rental of 52 per cent, of its gross earnings. Previous to the 



Ai 



^^^f 226 


■ 


STATE 


OF NEW YORK. 


1 


■ 


■ 




^^^^1 StatcmknTj showing the Shnre Capital 
^^^^H State of New YarA\ witA (he nmmnt t 


(I mi DMs of lfi€ several Railroad Companies <ifth% 




ff prod uet ice aitd nupvodmiive capital i'n 


each: 




^^^^H CorDonte Titles of 


^^ Share Cupit 


III \ 


Funded 


.—-Total Indebted u«M — ^^* 






^^^^^B C'iiinpiLnies. 


Amount. 


Produoiivc 


K fnprod. 


l>obt. 


Auioiiiiil 


Productive 


J. rnpmd-: 




^^^^^^V AUbAoy A Sumiue** • 


9404,930 


8 


$404,950 


i 


$33,136 


•• 


ri3,13$> 




^^^^1 Albnnr. Set k Ciui. 


■zs,ooo 




25,000 


600,000 


660,000 


.... ** 


660,0(4) 




^^^B AlbADv. k W. Stock 


J.O00,tHX! 


1,000,000 






1,392,984 


1,392,PB4 


.. »*1 . 




^^^^H IJ 1 SR h Ri v« r A U tica. 


804, 64 B 




804,648 


700,000 


709,159 




708,158 




^^^^^B llJoMhurir A (JoroiniF 


2r»o,ouo 


2W,{M(0 




220,000 


220,000 


220,000 






^^^^M Urofedwiiv (Brook.).' 


ll^lMIUO 


19f).00O 




14,000 


14.569 


14,659 






^^^^H limofc 1 TQ Co EilrtLl . • . 


2(>CI,000 


?oo.ou<t 














^^^H liniokl vn CUy 


l,Utii>,000 


1,000,000 














^^^^H BnfL. iJnid. k rittjV 


25itM34 




25flJ34 


6,525 


8.525 




8,625 




^^^H liuH' . N\ ¥. k Erin . . 


680,IK)0 




680,000 


2,410,721 


2,662,863 


2,662,863 






^^^H Buff. A N. Y Citr . • 


7iJ^,4.S9 




798,439 


700,000 


1,200,000 




1,200,000 




^^^^H liuffulo k Stiito Liii«9 


l,y34.950 


1,934.950 




1,049.000 


1,210,263 


1,210.263 






^^^^^B CairuKa&iSnsaiieh'A. 


6Hi,!iOU 


687,000 




411,000 


4ll,liO0 


411,000 






^^^^^^H Chpmuii.^. -*•-"•' ' 


380,000 


380,000 




70,000 


70,000 


70,000 






^^^^H KiifhIhATo f!4.Y.C.V 


800,000 


800,000 














^^^^^^1 Ehiiiru. .IcITeriion iL 


















^^^^^^1 Cnuutiduie-uai •'• 


BOtlOOO 


600.000 














^^^^1 Erie. & N. ¥ Citv<. 


35-^,741 




352,741 


14,000 


42,716 




42,7ie 




^^^^H Fluahinir • - • • 






.*.,.. 












^^^^H Uf!Qe»«« Viil luy ' * * • 


75,689 




76,689 


166.000 


207.500 




207,600 




^^^^H litekavMo&C.^nriiiff 


27,920 


27,820 




17,190 


17,442 


17,442 




1 


^^^^^1 11 11 (J Ann 4 Ho$*ton • 


17B,O0O 


175,000 












^^^^^^B *. * ** 


3,772,OG3 




3,772,0b3 


8,842,000 


9,256,664 


9,266,654 




^^^^^1 Auhum 


















^^^^^H A New 


75,771 




76,771 












^^^^H L Uittiirio k Uud. H 


2,715,IS(J 




2,716,16(1 


1.000,000 


1,000,000 




1,000,000 




^^^^^^H LebaDou SDrinea- •' 


im,n% 




106,728 


99,600 


107,202 




107,202 




^^^^^H JjOQff Jfilu Dti • ■ • • • « 


3,000,000 




3,000,000 


636,938 


636,938 


636,938 






^^^^H iV « w York I e 


?4 ,000 000 24,000,000 




14,333,771 


14,333.771 


14,333,771 






^^^^^H New Yurk A Erie- ^* 


ll,OOO.0(XI 




11,000,000 25.326,505 27,40 1. dOiJ 


m,006,(»00 


9,^5,300 




^^^H K. York iL llartcmo 


5,717,100 




6,717,100 


6,446,689 


5,446,689 


5,446,639 




^^ 


^^^^H jvinfifiim Bndlir0 A 
















■ 


^^^^^1 tJanautlaiiruiL • > > • 


1,000,IK)0 


l,(JO0,O0O 


*«,•«■ 










■ 


^^^^ JS'inth Avfl...'N. Y.LM 


796,360 




795,360 








j 


■ 


^^H Ogd«»W 


1,500,000 




1,500,000 


),4H9W 


1,194,900 


1,494,900 




B 


^^^^^B Ocdembarff. Cl&v- 


















^^^^^1 ton A Home ^ 


474,431 




474,491 


10,200 


74,268 




74,268 




^^^^H Qjiwejro A Svritciuw- 


3y(>,340 


3U6,340 




213,500 


224,376 


224,376 






^^^^^B PlutUburi? A Mon- 


















^^^H 


150,000 




150.000 


300,000 


300,000 




300.000 




^^^^H Put«diitn A Wntertu'ii 


t;t>5,419 




665,419 


iin,ooo 


1,103,748 


800,000 


303,748 




^^^^^B hennolnAr A. .Snrn^ 
















M 


^^^^^^1 t'jri *^ 


610,000 


610,000 




140,000 


140 000 


140,000 






^^^^^1 RfM? heater A tlenesftfl 






1 


■ 


^^^^^^^B 


557,560 




657,560 


160,000 


173,493 


1 7^ iQ^ 


. ••.•.■ 




^^^H SackeU^K Harbor k 






""•'1 


■ 


^^^^H 


167,485 




167,435 


278,400 


333,210 




336,210 




^^^^^1 SnratoirftAz^chQaec- 


















^^^H tadv " 


300,000 


300,000 




85,000 


85,000 


65,000 




1 


^^^H 8ar)it<»£« A Whito- 
















^^^B hiill. 


fiOO.OiJO 




500,000 


395,000 


395,000 


396,000 




^^^H Second Are. (N.Y.C.) 
^^^m SUth Ave. m. Y. C.i 


800,000 


800,000 




360,000 


350,000 


360,000 






750,000 


750,000 


..*..• 












^^^^B hialen Jjlftnd 


50,603 




50,603 


4i,ioo 


63,336 


63^86 






^^^B Um A New York-- 


1,200,000 


.....* 


1,200,000 


1,643,126 


1,789,206 


1,789,205 





1 


^^^B Tbird Ave. f N. Y. C.) 


l,170,0m> 


1,170,000 




110,600 


110,600 


110,600 




^^^^H Tror A BenoinvtoD- 


75,:i50 


76,360 




172,000 


172,150 


172,160 






^^^^H tmr A liutfton 


604,*) H 




604,911 


806,500 


1,054,176 


1,054,176 






^^^^^B *IT0Y A U ref>D buib • • 


275,000 


275,000 














^^^H Tror A Hutland - • 


249,939 




249,939 


100,000 


100,000 


100,000 






^^^^^B Trur UnirMi- *•• ■ 


30,000 




30,000 


680,000 


eet^ooo 


680,000 


• t * • ■ 1 




^^^^^B LrDioQ A Rtimanu-' 








60.000 


60,000 


50.000 


1 




^^^^ WatertowD A Komo* l,4l^,^U l,4'Jfc^,5«)U 

^^^H ToUL - 74,753,lt»7 36,026,960 30,724,207 \ 


685,000 
r0,682,365 ] 


685,000 685,000 
r6,402,710 62,036,948 1 


1 




4,366,762 

i 



STATE OF XEW TOHK. 



— #i7 



The total amnunt of capitul invested in mil roads in the SUite of New 
York is $151,155,877, of wliich S74Jn3,107 is repreHeutetl by stock; 
$70,682,865 by fiinaud debt, and $5,7l!0,345 by fio-Aiing debt. Of the stock 
|S8,0*28,960 are productive, and $36,724,207 unproductive. Of the dcbtfl of 
the companies $62,030,948 are productive, and $14,365,762 unproductive. 
Of the total uumuut invested in the ruilrouda of the Stiite, $10U,(Wj5,90S are 
pnxluctive and $51,087,969 unproductive. In the unproductive debta are 
em braced the uurtecured bonds of the New York and Erie Railroad. 

The total earnings of all the raih'ojids of the State since the opening' of 
the first road have been $lS8,5S[l,99:i^of which $96,008,421 have been 
received for the transptirtution of pLissengei-s; $83,197,721 for the transpor- 
latioD of raerchandiije, and $8,423,851 for transportation of mails and frtHTi 
miHcellaneous sources. The nggregate current expenditures in the meantime 
have been $109,251,777 ; the net earnings, $79,338,216. THe gross amount 
of divideodfi paid has been $31,408,446* The rate of gro«a earnings on the 
liabilities of the compantes have equaled 13 per cent.; upon the cost of the 
road a little over 14 per cent. The rate of ntjt eurniag:? have been 5 J and 6 
per cexit. respectively. The dividends paid have averaged a little over 4 per 
cent on the aggi*egsito share capitali^ of all the roads. The debt certificates 
of the New York Central, armiunting to $8j892 600, not included in the 
above amount^ were in the nature of a dividend of the stock of that Com- 
puny, Tlie excess of the aggregate linfoilities of the companies over the cost, 
of their roads is due in a great measure to the debt certificates of the New 
York Central Compnuy, which are not included in the cost of its road* 

The balance of net earnings remaining after the payment of dividends ia 
147,029,771, a sum slightly exceeding the interest on the aggregate debts of 
all the companies at the rate of seven per cent. Upon the debt^ of several 
interest has remained unpaid either wholly or in part. With other companies 
onnatderable sums, being the excess of earnings over tiie current demands 
iipon them, have been expended in construction. 

As nil new compames in the Sttite are- organized under the provisions of a 
GeoenJ Railroad Law, which applies equally to all companies organized 
under special chartersj a copy of the same 5s added hereto. The list of the 
'^itjpanies chartered and organised, and notices of the laws pas.sed in refer- 
ctKje thfreto, were obligingly ftirnished by George R. Perkins, Eeq., Deputy 
State Engineer for the State of New York. 



22S 



bTATE OF NEW YORK. 



I I. 



ei?23 



9 .k 



*«9AodS< 



[Ci'^O'rir'i'n'^-r-^^^'v ■ .^- - - - - - - - - 






3 >* le o o =1 IS ^ t 

Ot'^ffiOOCiQ^' "■* ■-,-•• -■* -- J < — ji 



CM t^ Ta OD 'O ^ *^ '^ "^ ^* Q '-S 
10 O ^ i« 90 ^ r^ C^l ^p. ^/. S Ij; 



= 23 

C ± S ?J S ID l^ 3 »0 -* '-^ Ct'Xi M *0 ^ ^ 

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S^ 



RAILROADS OF THE STATE IN DETAIL. 



ALBANY AND WEST 8T0CKBRIDGE RAILROAD. 
{Financial year ending Wtk November ^ 1859.) 

Board op Directors and OmcEas, 1859-GO. 



Jolin V. L, PnijD • ^Alhani/f NA\ 

ChfKter W. Ch&piu.. .- ^Springjidfi., Mass. 

William n.Swift • BoUon, '* 

Ansel Pbelps, Jr. . . , . , ,SpHn0eld^ '* 
Thomas L. Greene Al^any^ N,Y. 



Vofkcrt P, Douw Gremhirshf NT, 

W i I liain IL T. iby. • , KimUrhook, " 

Gilbert L. WiUun, ,...,,., Albany^ « 

John H. Reviiolds « « 

EliPerrj...' « « 



Thomas Olcott, Prmdent • Albany, N.Y. 

Stefhsn Fairbanks, Treamrer, - Boston, Masis, 

Jli:>RY OuAY, Super hi tendent. •«« * ^ ««...*..,* •, .Springfiiild, " 

Lju3(Gth or Ao,\t> — Albany to Stnte Line, ^Iji.^'h .•• * 3S.25 miles. 

Second track, 3H,25t and sidinj^H, 5.75 miles. 

The Albany and Wht Shckhrid^e Railroad Company was chartered on the 
6th and organizinl on the *20th Mtn', 18'^0. The constriietitpo of the road 
wus commenced in December, 1840. It wiib openetl ttJ public use as follows: 
from Greenbusb to C'biitham, *23 milcH^ on the 2Ut Dec, 1S41, and from 
Chatham to the State hne, 15 inilen, on the 12th Sept.^ lS4i2. The road was 
constructed by the Western Kaiirttad Coiiipimy of Massachusetts as a part 
of its hoe, und to which it was leased, on the 11th November, 1841, for tifty 
yetira from tbt? 1 3th of April, 1840, {the period of its charter, and for any 
reoewa] of tlie same). The two roadi^ bave always been operated aB one line. 
Jfo Beparate account of earnings or eurrent expenses is kept, although two 
orgaatzationa are rendered necessary, the lint? lying iu different States, 

Share Capital — Authorized aud paid in, ? 1,000,000. 
The eutire share capital of the Coiiniany was subscribed^ and is held by 
the city of Albany, (except a few shurey), 

Fundi© oh Floating Dkbt*— $2,389,559 : in detail as follows— 
Cilyof Alhiiny^ pir cent, hondif _..__ _.----81,000,000 

The boncis of the city of Albany were issued in payment of the stock 
token by it, which was subscribeil as follows :■ — $650,000 on the 30tl) May, 
1840, and 8^50,000 on the Ist August, 1841. T bey are payable in the city 
of Boston as foUows :— 82.')0,000 on the Ist July, 1S66; 8300,000 on the Ist 
July, 1870 ; $200,000 on the 1st of July, 1^7 1, and 8250,000 on the 1st July, 
li^TO. The interest is piayable semi-annually, on the Ist Jan. and 1st July, 
at the office of the Western Railroad Ganpa ny in Boston. 

By the terms of the lease of tlje road to the Western Company, the latter 
undertook to pay the interch«t on tljis class of bonds, and the principal sums 
flfl they respectively fell due; the city of Albany to hold tlie stock sub- 
scribed by it as security fiir the performance of these ag-reements. For their 
pciyment, the Western Company provided a sinking fund by the payment 
thereto of a sum equal to 10 per cent, of the bonds as they were issued, and by 
the further payment thereto, annually, of the sum of §10,000. The tii*st an- 
uual piiyment was made in 1J^43, and has since l)een continued The amount 
of lhi» fund on the 30th November, 1^59, wtis §021,013, tJn the payment of 
*he Uuids the stock becomes the property of the Western Railroaa CompanT. 

229 



i 



230 



NEW YORK— ALBANY AND SCHENECTADY. 



The balance of indebtedness of the Company ia for advnncas made by the 
Western Company on aceoiint of construction, to the amount of $1,389-559, 
to be ref^mded to tbc Western RinhMiid Company on terminiition of the lease. 

The road has a second track lor its entire length, commenced about three 
years ago, and completed in 1859, — (Srw Wuietn MR, Co, of Mm») 



Cost of Roai> and Equipment — $2,392,984: in detail as follows — 

■Si,0O5^9lO Engine and ear hoiijioR, machine ihopfl' $42,976 

> 647^04:1 LaqiI, Innd-diimiiges uid fetioes ...210,903 

* 252,006 Knginuoriog and Agvnoiei' -.>....'•«* 234|I43 



GrtiduAtion and maHonry* - • ■ • 
Suj)»?rstructiir«, iucluJinji^ ipnt)- 
SUtioTiB, buildinga And Qjctures 



ALBANY AND SCHENECTADY RAILROAD. 

{N&w a part of the New York Cmtrat) 

This Company was orioririally chartered under the tit!e of the Mohawk 
and Hudson Railroad Cuiiipany in 182(5, and was the firet corporation of the 
kind chai tered in the State, The construction of the road was commenced 
in Aut^ust, 1830; it was opened to the public on the 24th September, 1831. 
It was ori^iiudly constructed with longitudinal sills, covered with mils* 
0-16 by 2i inciieM. The ascents from Albany and Schenectady ropectively 
were overcome by inclined planes with inclinations of 1 In 18, worked by 
stationary engines; the lon^h of the Albany plane being 32 ; of the Schenec* 
tady^ 31 chains. Between the plune:!* the road was first w^orked with loco- 
motive engines and horses. The first engine used was of American manu- 
facture, and weighed three tons. An enj^ine iinptated ft'om England, 
weighing 12 tons, c(udd not be used on account of its weight. Tlie phmes 
were abandoned in 1844, The change of the name of the Company to that 
of the A!bany and Srhenectady was made in 1847. In 1853 it w*as consoli- 
dated, with other couipanies, into tlie New York Central^ which $m. 







Cost, Earnings, Expenses, etc., 


Yearly 








i 


:oft of Rfliid 


, Mii«- 




— Groa* Earnings 




Opemting Hnrningi, 


. Dir- 




\ 






Yettf. 


A«. 


flgO. 


Pii*s*r 


Freight 


MaUB,,ic 


Total. 


ex{icnscfl. 


loas exp. 


« 


V ^ 


1932. 


•639,909 


1609 


•51,676 




52 


•51,727 


r27,i09 


•24,418 


nU. 


nU^ 


1933. 


6(j6,304 


16.09 


69,300 


3,708 


594 


73,602 


36,652 


36,950 


k% 


** 


1934. 


Ii66,&00 


16-09 


68,210 


12.733 


921 


81,864 


60,930 


30,934 


i( 


«t 


1835. 


1,000,000 


1686 


94,776 


26,287 


1.619 


112,582 


66,171 


46,412 


a 


4.1 


1836^ 


1,075.000 


1696 


103,470 


28,185 


1,889 


133,544 


78,850 


54,694 


i( 


** 


1837^ 


l,0r,'.5OO 


16.86 


97,167 


14,429 


4,774 


116,.i70 


83,850 


33,520 


u 


U 


1938. 


1,100.000 


16,96 


101.023 


19,276 


5,296 


125,595 


84,209 


41,386 


i{ 


i* 


1939. 


1JOO,000 


16B6 


116,6*i6 


2,^877 


5,975 


148.419 


84,441 


63.977 


70.000 


7 


1S40. 


1,100,000 


1696 


105.895 


12,035 


7,668 


125,598 


61,439 


64,159 


70,000 


7 


1841. 


1,100,000 


16.96 


99,066 


11,211 


5,621 


115,898 


61,022 


54.876 


nU. 


ni7 


If^l2^ 


1.100,000 


16.86 


99.966 


11,211 


6,621 


115.899 


61,022 


64,976 


M 


ti 


1843* 


1,053,849 


16 86 


101,272 


124U2 


67.291 


170,666 


58,780 


111,885 


u 


i( 


1944. 


1,317,592 


16 80 


66,294 


10,060 


4,228 


80,582 


34,041 


46,621 


(( 


ii 


1845. 


1,460,990 


I69t 


79,645 


14,781 


4,068 


99,494 


37,367 


61,127 


II 


" 


1846. 


1,472,967 


1691 


92.195 


18,321 


3,241 


113,857 


41,776 


72,081 


tl 


II 


1847. 


1,521,216 


16 91 


110,051 


46,592 


3.244 


159,987 


60,310 


99 577 


26,000 


21 


IS48. 


1,606,196 


1691 


113,742 


67,139 


5,041 


176,922 


73,469 


102,454 


70.000 


7 


1949. 


1,699,284 


16 97 


115,717 


62,550 


5,762 


184.029 


72,929 


111,200 


70,000 


7 


1950. 


ljil.412 


16 97 


132,207 


70,243 


6,134 


209,684 


91,171 


117,413 


70,000 


7 


1951. 


1,740.447 


1697 


146,649 


87.433 


5,765 


239,847 


103,689 


136,158 


70,000 


7 


1S52. 


1.774,574 


1697 


171,752 117,960 


6,500 


296,112 


131,664 


164,449 


81,616 


8 


1853» 


1,910,693 


1697 


20S,043 261,110 


2,479 


471,632 


166,013 


306.619 


49,692 


4 



r26,728,431 36936 2,334 790 923,143 143,682 3,401,615 1^567,003 1,834,512 576,309 
Avor, 1,214,928 16 79 106,127 41,961 6.531 164,614 71^227 83»387 26,196 2| 

* Ton montliB' ofioratioiui. 



NEW YOKK-ATTICA AND BUFFALO, 

ATTICA AND BUFFALO RAILROAD, 
(Now a part of th; New York Central) 



231 



The Attica and Bttffah Railrond Comfmni/ wm cJiartered in 1830. Tbe con- 
atnictioD of tlie road wus commenced in 1841, imd coinpltited in Dec, 1842. 
It wiis the lust link (constructed in the line from Albany to Buffalo. It*i length 
wag 32 mile^. On the 30th of November, 1850, It \vm conBoliduted with th^ 
Tonawanda Railroad Company^ under the johit title of the Buffalo and 
Rochester Railroad Company. ItB cotst at tliat time was $906,911 ; its share 
capiUd «800,000; indebtedness, ^42,670, In 1852 the latter Company waa 
consolidated with the New York Central, ichwh sa€. 



Coit of 


( 

Milo- 

age. 

31,95 

3195 

3195 

3195 

3195 

3195 

3195 

3195 

256.60 
31 ^5 

AUB 


!3o8T, Earnings, Expenses^ etc 


•1 Yearl 

Opfiratin^ 
Gxpcnseii. 
$19,149 
25,215 
30,974 
33,564 
49,000 
66,099 
76,678 
70,909 

371,588 
46,448 


Y. 

Not 
EiirniDgs, 
$30,627 
48,033 
39.323 
62,930 
74,810 
63,951 
101,471 
156,801 

589,946 
73,742 

iOAD. 


-'^ DlT, 

$ 

27,092 
33,865 
27,092 
30,496 
33,990 
35,000 
53,5ftB 
72,170 

313,290 
39,161 




Yeftr Boad,^. 
1S43.$26S,275 
1814 < 33«V2n 
1845^ 342,000 
1816- 364^608 
1«I7- 4S7,543 
1^8- 821.313 
1819. 870,643 
1860' 906,915 


Piuu'r, Frciglit Mails. 
$44,900 $1,902 $2,974 
64,340 5,593 3,315 
5^,976 6,602 4,719 
72,405 8,196 3,993 
104,010 15,000 4, SCO 
119,446 25.965 4,639 
144,619 28,623 5,107 
lh5,746 37,765 6,200 


TotAL 
'$49,776 
73,248 
70,297 
86,494 
123,810 
150,050 
178,149 
229,710 

961,634 
120,192 


p 

8 
10 

8 

9 
10 
10 

95 
10 


$f ,387,7 13 
Arer 543,464 


794,341 1 29,646 37,647 
99,293 16,193 4,706 


9.3 




URN AND ROCHESTER 
{Now a pirt of the New York 


RAILI 
Cenfnxi.) 





T\\e Auhnrn and Rocketer Railroad Compnnif \xx\n chartered in 1836. The 
construction of the mad was com meneed early in 1 8<i8, and completed in 
Aug^ust, 184 L The len^jfth of its line was 78 miles. In 1850 the Company 
was cxjnpolidated with the Atihnrn and 8)xacuHe Kailroad Company, under 
the juiJit title t>f the Kocliester and Syracuse Railroad Company. The cost 
of the road at that time wut* S3,OU0,Od0; its share catwtal, $2,l*Jff;7G5; funded 
debt, t595,U0Q ; floating debt, S:30,000, In 1853 the latter Company was 
consolidated into the New York Central, whivh nee. 



Coitof 
W. ftoftd, Ae. 

I-$U686,376 
\Mt 1,727,361 

1544. 1.796.342 

1545. 1332,045 
)84($* l.%5,044 
1^7 • 7,'T^'7.T97 

|$<- • .•'! 

124 7 

|$&<^- ^,^rn},y^ 



Cost, Earnings, Expknsks, etc., 

MU«9. i Qrui» Eamingfi 



of EQ«d. PiMftOo'r 
78,00 $167,334 
173,066 



78.00 
79 00 
78.00 
7800 
791)0 
79 00 
7800 
78.00 



215,247 
214,143 
253,073 
334,711 
359,471 
408,425 
386,616 



Frciifbr.. Miiils,eto. TotiiL 

$4,534 $7,581 $179,549 

5,504 11,133 

7,903 14,612 

12,128 7,7^ 

20,202 16,- 

47,471 13,5- 

83,137 13,113 
111,579 7,869 

1U,99S 17,196 



Ybarly. 

Opernting Eam'gt, 
expenses, less exp> 



189,703 
237,667 

I'* 

^54,?21 
627,863 
515,810 



$32,970 
100 210 
65,(360 
96,994 
110,353 
154,614 
198,027 
201,842 
163,465 



$126,579 
89,493 
152,007 
142,075 
179,817 
241,163 
266,694 
326,021 
362,345 



^— Dir- — 
$ p-c. 
105,000 B 
105.000 
105,000 6 
112.000 8 
112.000 8 
112,000 S 
112,000 8 
198,536 ^ 



8 



260,862 12 



§19,608,322 702 00 2,511,086 404,361 109,862 3,026,3091,151,125 1,871,194 1,212,383 
Afw- 2,IT8,702 moo 279,009 44,929 12,207 336,146 128,236 207,909 134,709 8| 



AUBURN AND SYRACUSE RAILROAD. 
{Notff a pari of the New York Central.) 

TheAuhum and Si/ram^o Railroad Company \9m chtirtered in 1834. Its 



232 



NEW VORK— ALBANY AND SU^QUBOANNA, 



road was the fourth link in the line from Albany to Buffalo, lis construo- 
tion was commenced ia 1830, and 22 miles completed on the 1st Jiil\% 1838, 
over which the tniins were first drawn by hort*e«. The whole line, 26 miles, 
was opened in 1839. It wnn origionlly laid with n flat nii! upon longttudiaal 
sills, which, in 1848, gave place to a heavy rail liiid upon cross ties. In IHoO 
it was consolidated with the Auburn and Rochester Railroad, under the 
joint title of the Rochester and Syracuse Railroad* The cost of the road 
and equipment at thi* time of the control idution was $1, '217,427 ; its ehiire 
capital, §624,01)0; fuudod debt, 8375,000; boating dobt/$30,()00. In 1853, 
the R^jchester and Syracuse Company was consolidated with the New York 
Central, which see. 







Cost, Earnings, 


Expenses, etc., 


Yearly. 










Cost 
of Road. 


MUo 




' Grtvg 17"^ •^i^"'— 




OperAtiDg 


Net 


ni« 




Year. 


ftge 


P»«'gen 


!. FroighL 


- Miiila, etc. Total. 


EnmiDg*. $ 


P 


1843. 


iXfi 1,038 


26 


$75,250 


i .... 


»] 1,641 


086,291 


$38,531 


$47,760 


$31,547 


6 


1644^ 


746,605 


26 


80,553 




16,184 


96,737 


44,193 


52.544 


31.547 


8 


1346- 


769,273 


26 


79,500 


15,577 


4,726 


99,802 


44,325 


65,477 


32,UO0 


8 


1846. 


784,223 


26 


99,052 


16,888 


4,100 


1 19,038 


46,164 


72,874 


32,000 


8 


1B47. 


888J66 


26 


123,848 


28,794 


4.467 


187,109 


61,209 


95,900 


32,000 


8 


Id48. 


l.l25.88d 


26 


132,667 


45,193 


4,325 


182,185 


69,428 


112,757 


32,000 


8 


1849- 


1,397,437 


26 


150,163 


37,393 


6,201 


193.767 


103,045 


90,712 


45,000 


n 


I860. 


1>217,427 


26 
208 


147,233 


44,111 


4,665 
55,708 


196,009 


100,225 
507,120 


95,784 
623,808 


48,000 


8 


8jrt. 


$7,489,665 


887,266 


187,964 


1,130,929 


284,094 




Aver. 


936,208 


26 


110,908 


23,494 


6,963 


141,366 


63,390 


77,976 


35,511 


8 

















ALBANY AND SUSQUEHANNA RAILROAD. 
{Ftmncial year ending 30#A September^ 1859.) 



Board of Dm ec tors 

Ezra P. Prentice Alhaiiy^ N. Y. 

Eobert IL Pnijn ** ** 

Cornel i us Vosburg., " *' 

Cbfttles Courter QMleskUl, " 

Joseph H. Ramsey " '* 

Edward Tompkins • . • ,,Bin^hamton, 



AND Offickrj?!, 1859-^60, 

Levi Diinmick BhighamUm^ N.Y* 

Arnold WntHon UnadUia^ ** 

E 1 itikiiii R* Ford Owmla, ** 

Lewis Northrup. ,,,,•.... CoUmUi^ ** 

Joljii Cook. . . . . . , , WvTcesttT^ ** 

Jttred Good J ear • • . . • Milfoi^^ " 



Rk h ut d Fr a ncmot, PrmdetU Morris, N. Y. 

n> IL HicKCOX, Treasurer and Secretary* - , - Albany, " 

Principal Office. •No. 73 State strebt, Albany, Albany Co.y N*Y. 

Length of Roa.i> — Albany to Bin^lmmton, * . * * 140 miles. 

The Allany and Smqftehiinna Railroud Vompamj was formed under the Geo- 
oral riallmud Law of New York and filed Articles of Association on the 
19th April, 185L TLe work of eoiiBtriiction wi*8 commenced in July, 1853, 
but diecoiitinued in Aiiguet, 1H54. in Sotikmibcr, 1858, it w^a« again re- 
fiunted, and ia now in progress. No portioti of the line has been completed. 

Share Capital— A mhorized, 84,000,000, \n 40,000 $100 shares. 
Subscribed, »I,80T;800, Puid in, $404,950. 

Funded Dkbt ^-.None, [ Floatinc} Dkbt..,..^ __$33,135. 

Cost of Road and Equii^mknt — ^$400,952 : in detail aa follows — 

1B57. 1B5B. IBSa 

Gnulufttion Rtifl mnsoury- •• • * • ' tfi'ijlSS 962,135 il5R,6(r7 

Ltiod, land du rouges »iid fence* - * ■ 79,278 80,976 1 14.306 

Engineering, ngondw, eto • . • . ' • * • •• 76,249 84,344 13:i,976 



^ 



mM 



KBW YORK— AVON, GKNESKO AND MOUNT MORRIS. 

Annual Statement of Amounts Expkndcd upok the Roab. 



233 



1363- 
1864- 



ri4,01G 
31,324 



1965 r2l3,r2S 

IHob -- 215.045 

1857 *" 219,662 



1858* 
IH59. 
IBtiO- 



.*|227,3156 
- 406,952 



AVON, GENESEO AND MOUNT MORRIS RAILROAB. 
(Financial year ending SOih September^ 1859.) 

Bo4Ri> OF Directors and OFFrcEna, I860. 



VniU&m K idd Rockcsia-^ N. Y. 

M. RRcynuldn- " " 

A. Hron^on*,..* " " 

David Hangp*,, ChUi, " 

IL R North..* Geneseo, " 

E. R, Uiimmett " ** 



J. S. Wndswortli - . .Geiieseo, N.Y. 

R, P. \Vi?.tier. ..... .Mount MortU^ " 

Gfo. S. WLltnej. ... ** " 

11. P. Mills " *« 

Gen. W. Pbclpa " « 

CLttili^s II, Carrol L . • • • . Grotdand^ •* 



John R. MuRnAT, Premdent ..Mount Morm, N.Y. 

£. R* ilAMM£TT, TrmmatT Gene^eo, ** 

PaiNciPAL OrriCE Geneseo, Livingstm Co,^ N.Y. 

JLsKOTB or Road— Avon to Mount Morris. 15.53 miles. 

Second track, ^iding«, etc.^ 0.64 mile, 

RoLtiNG Stock — None. 0\rned by BulJklo, New York atid Erie Company* 

The AroHy Gen^sm and Mount Morris Itaiiroad Company is succossor to the 
Genesee Valley Railroiid Cuinpttny, lunl was orgurii/.ed uuder the Generul 
Railroad Luw of the Slate on the 17th February, 1W60. TIjd original Coiu- 
panv was organiztMJ on the 2d May, 1S57, and \X8 road opi^ned iti June, 
1869, WDee which linie it has been operated ^ iniiler a lease, by llie Butl'alu, 
New York and Erits CV)io|)aTiy. On the 10th February, lSbO,'the road was 
sold under foreclosure, and waa bought by the bondliolders, who have or- 
gajuxod themselves into this coiupauy. The following stateuients will show 
Uie oondition of the old Company on the 30th 8e|it4unber, LS59. 

Sdar« Capital— x\uthorized, Sano/iUU, in (5,000 $50 shares. 
Subseribed, ^1()2,;^S0. Paid in, e75,*389. 

PuxDED Dedt— $165,000; \u detail m follows — 

1 jl Mori^age^ 7 ptr cenL, coupon bond^, _, 8 1*>5,000 

-'—dated li«t July, 1857, and payublo^ principal t^t Jtily, 1877, and coupons 
ai-anijually, Ist Jan. and l.'^t Jiily, in RoclieHter, 

FtoAHNo Dkrt— $42,500. 



I^AD, KTC. — $329,225 : in detail m follow 

tibd maionry .#216,652 

iirv, incli»(iifif inm » • • 60,955 

, bmldiogi AoJ fixture?' -** •* < bOOO 



Knjfine h nd car houieji- • • 

Land, Uwd daiiiftgoi «od ienont* 
Engineering luid ftgenelea 



1200 
13,(JB8 
17,330 



Tlie earuinp of the road froni the date of ita completion to the 30th 
S^itcniher, 1859, were $5,820. *J'he current expense is not given by the 
ComfMniy. 

T ' tid Stock of the new Company is $175,000, being the amount of 
tbi ^ J.^ debt of the old Coinpnny. 

30 



J 



234 



KEW Y0RK-AL3A?rr. VERMONT AKD CANADA. 



ALBANY NORTHERN KAILEOAD 
[S€0 Aihm^f VarnwHl and Canada Itailroad), 



ALBANY AND VERMONT RAILROAD. 

The Alhani/ and Vermont Ilnilroad Companif wiis or^inized imder the general 
laWj and filed articles of association on the 6th Octobeiv 1859. It ia suc- 
cessor to the Albany, Vermont and Canada Railroad Company, which m#. 



ALBANY, VERMONT AND CANADA RAILROAD, 

(Financial year mdiuff Z^th Sq)ti*mher^ 1858.) 

Board of Direciors and OrrrcERs, 1858-59, 



Eliplifllet Wickes Albany, N. Y. 

Lansi ng Fruy n • . - - • " 

Era>tu* Ourniug* " 

C. W. Bender « 

J. H. Reynnlils " 



M. E. Vide .••i4Z6afiy, NX 

V. Ten Kvck '' « 

J. A. Wilson *« «* 

0. B, Lmi^iin; <» " 

C. S. Winmins ** <« 



William Wiktr, PresidnU and SnperiniendetU, , Albany, ^Y, 

Ph JLIP Ford, Treasurer •••.«• " " 

PutNctPAL Of rtc£ • « . * * ^ Alrany, Albany Cb.^ N*Y« 

Length of Road — Albany to Eaj^lo Bridge ..«««, . 32*95 miles. 

Second track, including sidinf^a, efjc., 3.28 mites. 

RoixtN'G Stock— Locomotive en<^incs. ,,.«,,. * .....*. 5 

Cars : — Pusaenger, 12; Imjrf^af^e, nmil and express, 5 ; freightj48., ..«,. 05 

The Albany ^ Vermont and Canada Railroad Company waa successor to the 
Albany Nortlierti Railroad Company. The latter wna organized under the 
general taw, and fik^d articles of association on the 20th February, 1851. 
The work of construction was soon tiflerwards commenced, iUid the road 
wart com|>leted nnd brouj^-lst into use from Albany to Cohoas, 9 miles in 
April, tn Wntcrford. U niiioH in May, an^l the entire line to Ea^jle Bridge 
on tlie 1st July, IHhS. Shortly iitYer the iitfairH of this Cornpnuy became so 
emburrasMcd as to result in itn property pmasinj^ into the hand.-* of trustees. 
In 1H;j5 the Troy and Rutlaud Knilrond also f>aj»eed into the handa of 
the same trustees, und from May tn Septeinber was operated as a part 
of tlsist roiul. In 1H5G the whole property of the Company was ficdd under 
foreeloHurc on aecoimt of the Kccutid mortg^aiifo byndlioldei'8, and on the 15th 
October of tfie same year the Company was disL^olved» givin;jj place to a new 
Company under the title of the Albany, Vermont iind Canada Railroad 
CotnfKiny, vvliich filed articles of association on the 7tb November ft>Ilowing. 
DctViult was 8ubso(|uently made by tim new Company in the payment of iu- 
terewt un tho 1st mortgaj^e bondrt, und iv^aln foreclostire followed, an<i on the 
14th September, 18">9, the property was again sold, this time for the sum of 
S25,00t), subject to the 1st mortgage, and some small unhi:juidated olaims. 
The purchiis*o was made on behalf of a portion of tho boadholders, who 
formed tiiemflelves in a new (VKnp;iiw, and tiled articles of associution on the 
6th October, 18r»9, under the title of the Albany and Vermont Railroad 
Company. No Report was puldisliod for 1858-9, 

BfiARE Capital— A uthorixed, 8tJ0iXfHHK in 0,000 $100 shares. 
Paid in, • 843^,005, on 4,450 " 



NKW YORK-ATLANTIC ANB Q^EAT WESTKRIT. 285 

PtTNDKO Dkbt {befaro first sale) — $1,509,399 : ckst*lfied as fallows — 

Id Mar^a^9y 7 per cent,^ coupon bonds $600^000 

iated let March, 1852, and payable, principal let March, 1857, and 
aupons, semi-annuully, 1st Murch und 1st Sept., in New York City, 

Zd Mort^a^r^ 7 per cent. , conpnn hondfi ^500,000 

^-dated Ist June, 1853, and payable, principal list Jnne, 1863, and coupons, 
eemi-finnually» 1st Jnne aiid Lst December, m New York City* 

^d Mortga^f^ 7 jw cmit,^ coupon hondjt ._.. ....,_ ^--.__ .845,060 

— dated 1st November, 1853, and payable?, principal in 3^ 5 and 8 years after 
date^ and coupons, semi-annually, lat May and 1st November, in New York 
City. Total provision, $25U,OUU. 

4 th Mortgage ( A Iha ny Loan an d A djmt ment ) hon d» ^_, $364,889 

— it!«sued in the year 1854, and payable in 10 yeaiis, with interest semi-annually. 
These borrds onginally atiKnaited to $500,000, of which $300,000 covered 
the Albany City Loun, and $200,000 the adjustment of the interest accounts, 
etc* They were to bear 6 per cent, for the fir^t five yeara, and 7 per cent, 
thereafter. 



US, (UAilj*- 

SKi>r«*a eiirningi- • 
IfimUsntoiii 



Income Account for thi Ykar Endino 30th Sept., 1858. 



T<rtAl> 



* 2,841 
. 1,800 

-984,120 



JIiiiiilenAncci of ro»d • • • * .* 119,325 

Repaira ol rolliog stock • • ♦••*..» 9.963 

Oportttiug oxpoBioi 43,727 

Inlflreal ■ • • ■ ■ 3,167 

UuappToprmted Income 8,048 



Total. 



•184,120 



Ccitof 
Tear. Eond, 4<s. f>rHonii 
19SS-. #2,010,634 3295» 
1956- 'J,Ci-*U,667 32115 
1857.. 2,020.667 32 95 
ieSS<< 2,020,667 32 93 



Cost, EAUNiNds, Exi'Bnsbs, ktc. Yearly, 

Mil«^.' ^— Urosa Eiirnitigs ^ Opomtbg Eftm'gs, 

l^iuson'r. Froigbt Matlj,«ta. TutaL exponsod. leii exp. 



163,194 944,243 $5,279 1117,716 

73,339 34.li53 6J69 114,162 

56.520 33.174 3,744 93,447 

&4,381 24^694 6,€45 S4,U9 



1107,912 

112,406 

76,384 

72,901 



•9,904 

1,746 

I8,0b3 

11.215 



^— Div — > 

t p< e. 

niL nU. 



4fn* e,(rn£,636 131.80 
AT«r* 2,016,159 32,95 



262,443 136,764 2U,227 
63,111 34,190 5,057 



409,434 
102,368 



363,606 40,923 
92,126 10,232 



ATLANTIC AND GREAT WESTERN RAILROAD. 
[Finajwial }^mr ending 30M S&ptemyrj 1859.) 



Board of Directors and OrrrcERS, 1859-60, 



Daniel Wiliinm AahBUU^ N.Y. 

George W, Weed Binghamtmiy '* 

Cbrislopher L. SYwxd Tmcanday Pm. 

James M.Ward. « *' 

William Rey nokid .Mtadmt, *< 

He n ry D ool i tt 1 e PA ilatldph ia, " 

RcjiAT BAit£ttj Prt«idm( JamestoTm, N. Y, 

IjCifiiiTa or RouTC — Jaait^Htown tu Peiin>!} Ivtinm SUte Line* * • . • 10 miles. 

* EaibfMMtlitf buiinou of tho Trt>j aod HutUQd froni May* 



WillrAm Uftll Jamestomi^ N. Y. 

Wtmer aShaw,,,-... " " 

Robert NewUnd .• ** ** 

Bradford Burlin '* " 

Smiitei Allen*. Poland^ '* 

A imt^t*^* F. Allen, ... »Jamest<mnf " 



ft3G 



»EW YORK -BLACK RIVER AN1> CTTICA. 



The Atlantic and Great Wet tern Itaitroad Company of New York was orga- 
nized iinikr the general law nnd filed artlcleis f)f assoeiation au the 9th De- 
cember, 1858. It« road is designed to form a part of the Alhintie and Great 
Western of Peimsylviiiiia and Ofiio. At the time of writing thin sketeh its 
construction had not been comnieneed. Its authorized Share Capital is 
$150,000; subscribed, 810,200; paid in, $1,020. 



ATTICA AND ALLEGHANY VALLEY RAILROAD. 



Length of Road— Attica to Oleau 74 niileji 



The Attim and Alhglmnif ralU^y Railroad Compantf was organized under 
the general hiw, and filed artieles of association on tlie 4th November, 1852. 
During 1853-4 about 25 miles between Attica nnd Arcade were graded at 
a C08t of $850,000. On the 5th of February, 1850, the road was sohi on ihe 
foreeloi^ure of a mortgage, created as seeuritj^ for bonds issued to the amount 
of $400,000. Since the sale no steps have beeo taken to complete the road. 



BLACK KIVER AND UTICA RAILKOAD. 
i^Financial ifear etMuf SOth Septemhm\ 1859.) 

BOAHD IJF DiHCCTOflH AND OFFICERS, 1859-00. 



Tlieodore S. Faxton.. -- , . . . , Uika^ N.Y. 

John Dajr^irdL,, ** « 

Chauncev Pahiier " ** 

Saimiel Far well "* *< 

S|w?ncer Kel logg • " " 

Martin Hurt ** " 



EdTnuiid A. Gmham • • ETJfica, N,' 

Heiijuua n F. Kay ** " 

Thomas Fo-^ter. . • • • • " ^* 

nuK^ell Wheeler « « 

William Hinby BomvUlt, « 

Josiali W. Baker. Ntw York^ *' 




JaHN Thorn, Pte^itiaU * ....,,...,.... .Utica, N.Y, 

M A HTiN Hah t, Trewnirer and Secretai-y " ** 

William Hiobt, Stijm^iidendejit Buonville, " 

Principal Office. - -Utica, Onekla Gj.^ N.Y. 

Length of Uoxi>— (Projected)^ Utica ta Clayton 108.50 miles. 

(CompkU4fl Utica to Bfjonville 34.94 *' 

Trentoa Falls Branch ( ctmjMed). 2.59 *< 

KoLLTNG Sto( K — I^ocoHiotive enjerines 4 

Cars (8-wljeel):^Fai?^e3njt!f, ; bag;;;age, tiiml and expre^^, 2j freight, 37., 45 

The Black River and Utica Rtnlrond Company was organized under the gene- 
ral law and filed articles of association on the 31st January, 1853. The first 
flection of the road from Utiea to Trenton, 16 niilea, was completed and 
opened for bui^ines^s on the l&t January, 1S55, and the section from Trenton 
ii\ Boonville, 19 miles, on the 1 5th Dece[nl>er of the ^anne year, The Tren- 
ton Falls Branch wae completed in iHal], Default in the payment of inter- 
est having been n:iade in 1858, proeeedings for foreclosure were commeuced| 
and the road is advertised to be sold on the 31st March, 1860. 

Share Capital— Authorized, $1,500,000, in 15,000 $100 shares. 

Paid in, - $S04,64H, on 11,307 " 

[The City of Utiea 8ubf«crrbed for 2,500 shares, for which City Bonds 
$250^000, at 6 per cent., were is^uedj 



I 
I 

I 
I 



KEW 10EK--BL0SSUURO AND CORNING. 



237 



Funded Dkbt — 8700,000 : dL^acribed as fbllowa — 

lit Mort^a^e^ 7 per cmt. coupon hmidn , $700^000 

— dattid 1st July, 1854, iiud payable, prindpal 1st July, 1S69» aDd coupons 
semi-annually Ist January and 1st July, in th« city of New York. 

Ploatino Debt— $8,158. 



Cost of Road and Equipment — $1,2*37,553 

GroduatkiD und mnBonry * $537,4U2 

JJridse*. . • hB;U4 

SupcrBtruL'ture • 336,204 

KtktioiM, buiUlngB and fixtures. 1B,631^ 

£fl|piiie ifcttd car liouses, shopBy etc.- -*- " 4,57'i 



in detail as follows — 



LuDil, land-dam ago J and fences • 8115,743 

LDeuixiutivu.Hi mid itnuw plougba • 33,477 

Pasi't'ngrir anii Imggagcs cars • » • * . * .- . 14^603 
Freight uud wtbor ears- ..*♦... — ... . . a3,6U5 
Ed jf inhering And agonotea-- - * *• « <• •> 85|i99 



P««teag«r eaniiDgi> 
Fnrighi " 

Mill 

Sxtrmbaggagfl 



Income Account fob tub Year Endino 30tu Sept., 1859. 



-«35,653 

. 24,3(M] 

35U 

ii07 

212 



toUl. 



.«dD,S22 TdUI 



l?t«6 urMcm^nU — 

Mai[iten«Dce of road #7,104 

Repairs of rulling ectock- .--•*. 6,869 

Operating cxpentfCi 1B,096 

Inlerest'.-. • 16,401 

Floating dobt p*id * •• • 4,0S3 

Surplus ioeoiue *•** 10,379 



.$60,922 



C^tof 
Buivd, etc. 

. 1, J 96,903 
. 1,221,030 
. l;i;t4,514 



Mile- 
*g« 
16-00 
34 94 
37 63 
37.33 



Cost, Earnings, Expenses, etc., Yearly. 

— Gross Earnings — 1, Optrnting 

Piuia'or Froigbt. Mails, eto. Total, exputiae*. 

118,572 «7,3S9 «301 ^6,261 tl2,401 

40,4U7 20,062 2,205 62,764 34,t?07 

42,193 23,304 3;263 68,760 39,^<iR 

34,207 23,529 2,788 60,524 28,0ti2 



Lan 

Expenses. 

»13,660 
27,957 
29.492 
32,432 



— Dif . 

• p.u. 
nii, niL 



1,237,663 37 53 35,874 24,886 2,182 62,B4l 29,980 32,961 



5,864,322 16363 171,343 
1 J 72,664 32.70 34,268 



99,168 10,739 
19,B34 2,147 



291,250 
56/230 



144,543 
28,909 



136,702 
27,340 



BL0S8BURG AND CORNING KAILHOAD. 
{Financial year end in0 SO/A September^ 1859.) 

Board or Directors and UFrrcERs, 1859-60. 



BttRcan S, Magcc Xomingy N.Y. 

Ji)«epli Ftfllow* Bath, " 

F. Davis, J r Watkim^ " 

Dutid Kimi>*ey Bath, *» 

Tbamas J. Macee. . • - • HQ^iidlJsiyQky ** 
Jjiiiieji H. Gullck Blmahfirgi Pa. 



Perrv S. Oonabe...- Bath, N.Y. 

William II. Bull '* " 

0. 0. IIowelL " " 

II. W. Bt^htwick..... ,,*.ar»ifi^, N.Y. 
R. B. Van Vnlkenburgli. .•, .Bfilh, " 
S. D. Hunter <., ** « 



John l^fAOEc, Pnttident, Bnth, N.Y. 

DitNt AN S. Maokk, Trmmtrer and Sn^retartf^ Coming, ** 

L* n. SiiATTttcic, SupetiiUtndetU " " 

PatNciPAL Of FicE Corning, Steitbm C&., N.Y. 

Rolling Stock None. 

The Blosshur^ and Cornituf Railroad Company waa organized under the gen- 
eral law, and tiled article.** of aRsociation on the 19th May, 185L The road 
of Una Company waa originally built by the Tioga Coal, Iron Miniii*rt ^md 
Manufacturing Coinpany/which obtained its charter previous to 1S4U. i\m\ 
cornnlcted the road in 1841 with a light rail. In 1851, the Tingu Coal, Iron 
Mining, and Manufacturing Company consolidated with the Tioga Huilroad 



238 



KEW YORK-BROOKLYN CITY rASSENGBB. 



Company, under the title of the Coming and Blosi^burg Railroad Compatiyi 
which in the summer of 1852 re-laid the road with heavy iron. The road 
yxan purchased by the present Company lat Jnne, 1854, for g250j00Oi subject 
to liens upon it, amounting to $245,000, and a lease of 10 years from the 
16th October, 1852. from the Corning and Bloesburg Railroad Company to 
t!je Tioga Railroad Company of Pennsylvania, by whiuh it ie now operated. 
Two-thirds of the groii^s eurniiigs are paid to thia Cumpany as rent. — (See 
Th^a Rmlroad Compant/y Pemmfkania.) 

Share Capital— Authorized, $250,000, in 2,500 8100 ehareB, 
Paid in, - $250,000, in *' « 



PuNDED Debt — 8220,000 r classified a« follows^ 

\d Moriqa/^ey 5i per cent, bond to State * ^ $70,000 

— dated 1844, and payable, prindpal 1865, and interest semi-annually, let 
Jan. and Ist July^ in the city of New York. Mortgage to the State of New 
York U\Y a loan of $70,000 in Tioga Ooal, Iron Minings and Iron Manufac- 
turing Company State Stock to the Old Corning and Blossburg Company, 
and which was ussumed liy the present Cumpany on ita purchasing the road* 

2d Mitrtfffi^e^ 7 per cent, bonds , _$150,000 

— dated Ist May, 1851, and payable, principal Ist November, 1871, and 
interest »emi' annually, let May and 1st Nov., in tl»e city of New York. 
Thetie were issued by the Corning and Blosaburg Company, and were bs* 
eumed by the present Company. 

Floatikq Debt— None. 



Cost of Road, etc. — ^$496,661 : in detail na followB — 

Orote *moUDt paid for road- ♦ - * W^S.OW J Lntid, Uud dumitgef wid feneei' 

Eugine and car boui«8, mucliiEie «bupfl*» 37& | Eugiiieenng and AgflDcio« 



•iMi 

* 345 



Rte«ipt» — 
PaflMiager efttniogB' 
Freight " 
Other Bouroefl 



Incomb Account for the Yea a eniung 30tii Sept*, 1859. 



$3M0 

366 



Total.* $26,858 



rtiterciiun bonds- • * 114,360 

Dividend 5 per c«nt • • 12,60U 

Surplus .* B 



Total- 



•§26,868 



Year. 
I854*. 

1956.. 
1857- 
1858- • 
1659.* 



Ciwt of Bxmd 
A Eqtiipm^t. 
..§495,000 

- 49a,U39 
* 496.&98 

.. 496,661 

- 4%.661 
.* 496,661 



Cost, Net Earnings, Intkrkijt, ktc.^ Ykarlt. 



Mllo- 

»g«. 

14.81 
HRl 
14.61 
14 81 
14.81 
14 81 



P«Mi*ger. 
r2,l09 
4,844 

4,656 
4,421 
2,677 
3,440 



-Not Enmingi- 

Freight. MaiU, etc Total. 



•13,817 
33.135 
31,286 
37,346 
20,511 
*23,052 



§1511 
3N 
418 
475 
366 
366 



§16,076 
38/293 
36.560 
42,242 
23,664 
26,858 



Interest 
§7,175 
14,^0 
14,350 
14,350 
14,350 
14,360 



-DlT,- 



§ 
§6,250 
12,600 
12,500 
12,600 
12,500 
12,500 



24 

6 

6 

6 

5 

6 



5J year*.. 2,977.6 19 68 86 22,347 
Arenigf. 496,269 1481 4,063 



159,147 2,089 
28,936 379 



183,683 78,925 
33,378 14,350 



68,750 
12.500 § 



BROOKLYN CITY PASSENGER RAILROADa 

(See Broadieatf Railroad, BroM/rt Centraf Rftiirond^ Brooklyn City Madroad^ mti 
Grand Street and Mupeih Acenue Railroad,} 

* Half'/var*! eamiDfi. 



J 



NEW YORK— BROADWAY (BROOKLYN). 

BROADWAY (BROOKLYN^) RAILROAD. 
{Fimmeml ^fiar mding 30/ A Sfpiemhry 1859.) 



230 



Board of Dirfxtorj} at^d OKFtcKHs, 1859-GO 



John A. CroM. ...,***... Brooklyn, N,Y* 
Sejniour L. Hu8ted...«. . " ** 

J&mdfi M, Waterbury.**. " '* 

David M. Tnlmiige " '* 

John M. Funimn " " 

LWing^-iton K. McKee. 



Alfred M. Worn] Brooklyn, N.Y, 

Jame« A. Villi Brunt..-*. ** " 

JeAHe Cam til era. ..<•*... " " 

Willjum Irving Steele. ... " " 

\V 1 llminsoji Hapulje . East Neto Yark, JJ 
Augustus Imna. 



Thomas O, Talmage, Prtitident Brooklyn, N.Y. 

Gkorck Field, 2>efMTii*ef - ** " 

AuGtrsTus Ihvins, Siiperintendcfit * ..,.......,..•«...• '* " 

PttiKCiFAi. OrricE*..No, 12 South 7th street, Brooklth, (E/D.,) Kifigs Co., NT 



Length of Road — South 7th street Ferry to East New York. 
Second Track, 4.60 mi lea j sidings, etc., 0.13 miles. 



4.50 miles. 



RoLLixo Stock — Omnibus cars for 10 passeDgers. 



19 



The Broadway Railroad Company was organized under the general law 
and filed articlea of associaticm 20th Ay gust, 1858, Ao act had already 
been passed (Laws of 1858, chap. 303) authorising the laying of a track in 
Broadway, and through certuin otiier Mrecti* in the city of Brooklyn, and 
New Lots in Kings county. The road was constructed in 1858-9. The 
line connects at limi New York with the Brooklyn Central, (late Brooklyn 
and Jamaica) Railroad. 

Share Capital— Authorized, »200,000, in 2,000 8100 shareB. 
Paid in, - ' - 199,000 on 1,&90 « 



BcAL EsTATB MoRTQAQE $14,000. | Floatino Dbbt.* ^.$559. 



OasT OF KoAD AND EQUIPMENT— $213,069 : in detail aa follows — 

Sitp«ntri]«tflre, including iron* $120,793 | Ilorses, hArneas, ftiiKOfl. sleigh^^ eto- 

***-*' l^c*r boii8«9, mfichine nhopi, etc- il,7il Engineering and agonuiesx 

Brears lOJOO 



Otbar rsiotinMA 



Incohs Account foe the Year indino 30 Biptembeii, 1859. 



» •29,593 
211 



Repftiru of rondway. 

** «iini, eCo- 

Opcrntiiig ezpeoaes* 

Surplus inoome' • * • < 



.•29,8U4 



MHw nmb/ oftn* 



ToUl" 

Operaticfut of the Road, 
275,897 I Piksaeiigorfl cmrried* 






GsxKEAL Lk0och Balance Sheet, Ist Ocjt., 1859. 



Pwllt 



eqalpisent- 



Worn* 



#164,811 

* 49,259 

. n,0H 



*i330,063 



Shure cHpital- ....... 

Reftl ejitAte mortgage. 
Floating debt* > .* ' •. 
Sarplufl income, i . • * •• 



ToUl. 



•48,158 
1775 



• $620 

• 109 

• 22,&5l 

. 6,524 

.•29,804 
< 691,365 



Or 

..•199,000 

.. 14,000 

559 

' ' 6,524 

'••J20.0B3 




240 XEW T0RK-BR00KLY5 CITY. 

BROOKLYN CENTRAL RAILROAD. 
{Fiiumaal year ending 30/A Sept., 1859.) 

BoASD OF Directors and Officers, 186d-£0. 



Jacob Froftt BrooUyn, N. Y. 

TrmSfDitb « 

R.B. Tborapfion « 

Ch«rle» Kel>e7 ** 

.E. B. Litchfield. « 

£.K.Scrmnt4>n •« 



George Remsen. Brooii^ii.Y. 

F. S. Littl^ohn. « •* 

Daniel Brooks. « « 

Wm. B. Hunter « « 

E. D. Litchfield « « 

(Vacancy.) 

E. B. Litchfield. PresidaU Brookljn, N.T. 

£. R. ScRAHTON, TVeoftir^ " « • 

Wm. B. Litchfield, Superintendent •* « 

Prikcipal Office No. 29 Atlantic street, Brookltx, KimgU G>., N.Y. 

Shake Capital— Authorized, $500,000, in 5,000 $100 ^lares. 
Paid in, - 200,000. 

The Brooklyn Central RaUroad Company was organized under the general 
railroad law, and filed articles of ass^iciation on the Slst Augost, 1859. The 
main route intended to be occupied by this Company is the Brooklyn and 
Jamaica Railroad, to be acquired by a consolidation of the two companies, 
and for which agreements have been made. In addition, the Company pro- 
poses to construct a railroad through Fifth avenue to Greenwood and Flat- 
Dush ; through Lexington, Lafayette and Gates avenues to the Broadwav 
Railroad ; and through Furman street to Wall street and Fulton Ferries. The 
only work yet executed by the Brooklyn Central Railroad is a railroad in At- 
lantic street over the tunnel, and extending to the Atlantic Ferry. The Brook- 
lyn and Jamaica Railroad is now used both by the Long Island and Brooklyn 
Central. Upon the consummation of the agreement entered into, and the 
completion of the improvements at Hunter's Point making by the Long 
Island Railroad, the Brooklyn and Jamaica line will be used exclusively as a 
city or horse railroad. — (See Long Island^ and Brooklyn and Jamaica Maiiroadi,) 



BROOKLYN CITY RAILROAD. 
{Financial year ending SUt July^ 1859.) 

Board of Directors and Officers, 1859-60. 



Amos P. Stanton, 
Seymour L. H listed, 
William IL Carey, 
George S. Howland, 



Fisher Howe, 
Purcell Cook, 
William Hunter, Jr. 
Henry A .Kent, 



John Kellum, 

Thomas Brooks. 

Alexander Stud well, 

Henry R. Pierson, 

Charles C. Betts, President pro tempore Brooklyn, N.Y. 

Purcell Cook. TreasHrer " « 

Montgomery Queen, Superintendent " " 

Principal Office No. 12 Fulton street, Brooklyn, Kvng^B Co^ N.Y. 

Length of Road — (As projected 30.21 miles) completed 20.15 miles. 

Second Track, including turnouts, etc., 20.75 miles. 

Rolling Stock — Passenger (4-wheel) cars, seating 20 persons 100 

Omnibus cars 17 



The Brooklyn City Railroad Company was organized under the general 
law, and filed articles of association on the 17th December, 1853. Con- 



NEW YORK—BROOKLYN AND JAMAICA. 



241 



structioQ was commenced on the lOlh thy tiT April, 1S54, and tbe mt&aX 
portioas of the rotid were opened for public use, an follows : 



Fltutfiing Avenut Rottit. 



. -0.83 
.•0.14 



July, 1854— Kont A v. to Tbroop At 

Aog.j 1955 — Thrt«jp Av, to Broiwlwiij* ♦ • 

Grttnitwid Routt - 
Aug,^ ]854'-Cky llrill to Oowaniis Cre«k. 
\'oV-^ " — Uowiinug Creek lo Grflonwood 

Third Avenue RouU. 
Julj^ 185S — Grecnwiiud t<> City LIdo •• • • * 
Jul J, 185fr— City Line to Vulbw flwk Lane-OM 

Hamilton Aetnue Route- 
May, 1&S& — ilttiui],tou Ferry tu Cousi Btmt«0.93 



a, 56 

■ i.n 



Fulton Ac&iue Route. 

Miles 

Jttly, 1954— Fortoo F^rry to City Iliilt 74 

Aog, '* — t-'ity li^n to WjUibingtua A?.**l 57 

bjitpCi *' — Wftahiog'u Av t/> UrtMiklyn Av- 1.12 

liUr., 18ST— Brooklyn Av to E, Now York'2.!7 

MfriU Avenue RouU. 

Jtily, 1854— City Hull to N^tnin.l Ax 2 04 

Nor^ '* — JCoitfUDiJ Av to liriMiiJwiiy' * ■ -0.87 

WUlianubarg and Greenpoint Route, 
July, 1P54 — Fulton street to Kt^ui Ay- • • >- 1,74 
Sepl., " — Keul; Av, lo N, iSth aUt>H' - ' • 2,08 
Aug > 1355— N. IHlb street lo Kt-nt .^treol- -0 49 
tkc^ '* — Kent street tu FreuiiiuQ iitr«3«li*U,2l> 

Share Capital— «1,000;)0U, m 10,000 $100 shares, puid in full 
»OF Road and Eqciipmbnt — $1^054407 ; in detail, as followa; 

gJ.lOJ I l*ust.enger cars t90,12)0 

hipMbraeturet ineludinff iron' < > « ^ * . - 51^1,023 | llone:^, nmle^f harness, ot« 138.412 

libtea, e&r«tio(i9ei, miichiBO-ihopa, eto. 174,9Ti i SL4ige8^ Hlvt^^hfi & miscelUncMHis articles 58,901 
[laBd, Uod difctnages, etc 60 | Eugiuut^nuj^ and ugeociei 6,321 

Incomh Accodnt for tan Year Ending SIst July., 1859. 

DUh u rtanenis — 

Operating ojiponcea * ♦- -$346,037 

Xew omnibii0 o&r«>« • 9,867 

DiviftwiidB -. 80,000 

Sur|>liu in Aagiisl, 1869 88,203 

'« 1509,768 
•9,261,393 



Receipt*— 

|ftoBOK<ar «Ar&iogi* ** * * > 

OlhAT K>ttrc«a • 

Snrpltti from tit Aiigiut, 1956' 



*t463,070 

. e,i72 

. 38.346 



Toua 



]|jii«initi byeu'i* 



$509,789 Total 

Operidwm of (he lioad. 
--2,496,%8 I r«is9cngqra carried. 



Dr. 

f Oinilnictiion • 
[«I()aipiii«tjt*' 



totol* 



GXKXEAL LSDQISK BaLANGB SlLKET, IST AuaOST, 1859. 



-$589,533 
. 282,433 
. 182,141 
* 34,096 



.$1,068,203 



Share cftpital- 
SuTplufi fond- 



er. 
.^1,000,000 
• 88,203 



Tetal- 



'$i,06a;303 



las-.. 



Coet 
ofRoad. 

669,182 
844,344 

f»65,082 
1,0-26,709 
l,038,&40 
1.064,107 



Co8T, Earnings, Expenses, Etc., 

Mile^ f HJros* Earning ^ — -^-^ 

age, Pjua'gora. Freight Miiil^, otfl. TutaU 



13,67 
17.16 
18.^1 
2015 
2015 
20.15 



84,198 
31«i,l34 
327,627 
379,791 
385,292 
463,070 



nU. 



4/209 
6,983 
6,232 
9,819 
9,734 
8.372 



88,407 
322,117 
333,861 
388,610 
395,026 
471,442 



Yearly* 

pern ting Not 
6U,e7l 27,536 



281,360 
262,466 
287,832 
289,771 
346,037 



$ p.o, 

nU. nil. 

36,000 4 

72,396 8 

77,434 8 

80,000 8 

80,000 8 



1 



fyn- 5,498,264 10989 1,956,114 
Aftr^ 916,3n 18,31 372,403 



44,349 1,999,463 1,617,326 
8,447 380,850 299,014 



40,767 

81,396 

100.778 

106,256 

125,405 



482,137 344,830 
91,836 65,682 6.9 



BROOKLYN AND JAMAICA KAILROAD. 



31 



^m S, B. LiTt Hrii:i.D, Prttident * , .BrooklyD, N.T. 

^^V The Brooklyn and Jamaica Railroad Compantf was chartered in 1882, and 

ft • thr»« mantiu' i>peT»Uonfl. 



242 



KEW YORK-BUFFALO AM) ALLEtSUAXY VALLEY. 



the road opened iti 1836. At the same time a lease of tbo road was made, 
ID per]:>etuily, to the Long Island Rnilmad Company at an aniiuul rental of 
tcJ3,3Q(). Some ehtmg^cs in the amount of rent paid were subsequently made 
ID favor of the Long Ij^^land Company, but not of u character affecting the 
covemuit in tlie lejisu. For severa! yeari^ past the full amount of the rent haa 
been paid. It is now proposed to convert this rcjud into a horse or city 
raih'oad» by a foaj^olidation of the same with the Brooklyn Central — the 
Long Island Railroad ehanging its terminus to Hunter's Point. On the 
tionswmmation of the agreemorilH entered into to this effect, the Long Island 
Coinpuny is^ to be relieved of the lease, and the road used exclusively as a 
city passenger road. 

Share Capital— Authorized, $30r),00a, in 6,000 $50 shares. 
Paid in, - $284,850, on " " 



4 



FiJNDEii Dkbt — $85,000: described aa follows — 
First Mortgage 7 per cent, bonds, to the amount of $85,000^ payable Ist 
Jiine^ 1870; interest payable 1st June and 1st December. The Company 
lioldij as assets bonds of the Long l8land Hailroudj to-the amount of $71,000. 
The dividend paid the pu8t year was 9 per eent.| amounting to $25,636. — 
(See Brookhjn Ventral and Ltnig Mand llailrmd.) 



BUFFALO AND ALLEGHANY VALLEY HAILROAD. 
[Finmicml ymr ending 80M SepL^ 1859.) 

Board of DiftKcTtms am> Officehs, 1859-CO. 



I 



Williani Wallis Bvffido^ KY, 

Robert Person Anrma^ " 

Jubey Allen « « 

George IL Laplmni ♦ " " 

Henry Z. Person ......... " ** 

Jame^ M. Paine. " " 

Perry G. Parkkr, PnMent 



Aaron Riley ... ^Aun/ra^ N,Y# 

William C. Ru3selL...&ttiA WaUs^ 

Philip D. Riley, Holland, « 

Natban 3Io>ey, Jr ** 

Bo I a II. Colegrove Sardinia^ ** 

Cephas L Parker China^ ** 

Buffalo, N.Y. 



J 



Aaron Riley, Treasurer mid Secretary, Aurora, ** 

Principal Office , .^...Eajt Aitrora, £/"ttf Co,^ N, 

Lemqth of Road — Buflralo to China ...,*•.*•, 30 miles. 

The Buffalo and Alleghany Valley Railroad Company was organized undei^B 
the general law, and hied articles of asaociation 30th May, 1853. Th?™ 
work of const niction was commenced in the following winter, but on the 
14th January, 1854, was suspeijded, and has not since been resumed, low 
Aprils 1^58, an act was passed, extending the time for completing the roadjH 
and authorizing the Company to sell and convey all it« property and effects 
to tfio Buffalo and Pittsburg Ruilroad Company, Share eanitiil — author- 
ized, SriOO,000; Kybscribed, $135,000; paid in, $16,000. Debt, unsettled. 
Expended on g-raduation^ $16,300, and for engineering and agencies, about 
$6,000. Land and land damages, unsettled. 



d 



BUFFALO AND BLACK ROCK RAILROAD. 

This was a short railroad of three miles between Butfalo and Black Rock, 

which was operated by horse power. It was built in Ls34 at a ocmt of 

Sl!l,0rt0, and abandoned on the eompletiou of the Buffalo and Niagara Falla 

Kttiiruud. 




KEW YORK— BUFFALO AXB CfJ.NIIOCTON VALLEY. 

BtTFFALO, BRADFORD AND PITTSBURG RAILROAD. 

{Financial ^ear mding BO/A September , 1859.) 

Board of DrRECToas and OFricKRs, 1850^60. 



^\% 



OrUnao Allen, (F. Pren,). 
L K. Plimpton.,**. 
Fmnk Williams. ,, 
William Wilkeaon- 

E. C. Spmpue 

Jolm R Ue, 



Buffalo^ 


N.Y. 

u 


u 


(1 


u 


If 


a 


it 


u 


(C 



K 



Samuel L. Caaey Bradford^ Pft, 

Svlvanus Holmes ^* ** 

A'. W. Nuwell. «. " 

A. K. Jubnson *,.. " ** 

0. D. Webster. " « 

Miles Joy* ............... LnfayeiU^ '* 

Daniel Kingsbury, Presulent, and John R. Lee, Tnamrer .Buffalo, N.Y. 

Fra.nk Williams, Euginetr , . , " " 

PftUfciPAL Officju. , Buffalo, Erie Cb., NT. 

Lcvr^TH OF RocTE — ►Buffalo, N.Y*, to Pittsburg, Pa , .100 miles. 

The Buffalo^ Bradford and PUhhur^ Railroad Compant/ is a consolidation of 
the Buffalo and Pittsburg Company of New York, and the Bnfilik) and 
Bradford Cfimpany of Penasylvaiiiu, and liled artifleH of aflsociution under 
the general law on the H'id March, 1859. Tlie Buffalo and Pittsburg Com- 
,ny filed articles on tho Kith October, 1852, and conirnent^ed tionist ruction 
November, 1853. Tht* section drrit to bo constructed is that between the 
ccieil fields* in MeKean eoutity, Pennsylvania, and the New York and Erie 
Railroad, about *M miles in lea;|th, eight of which are in the State of New 
York. Of this section about til) miles are prepared lor the supen^truclure. 
Uis ujKjn this section the funded debt described is to be issued. 

SiURB Capital— Authorized, 8950,000, in 95,000 glOO shares. 
Subscribed, $348,800; Paid in, $250,134, 

Funded Debt— S:iUO,UUO ; in dotail as follows— 

W Mori^^e^ 7 per cent, eonpoft bonds , _. S^OO^OOO 

^'itcd let April, 1860, and payable, principal in 15 years, and coupons, 
^miannually, 1st April and 1st August, in the city of New York, convertible 
within 5 yean* from date. In addition to the road, the bonds are secured by 
aniorl^i^ on 5,000 acres of coal lands. 

The Buffalo and Bradforil Railroad Company had a fuuded debt of $8,525 
^'Mch is to be retired by the eonsolidated eonipuny, 

Qimr OF Road, ktc. — 8328,850: in detail m^ follows — 

^^ottioii B»d iott»ory •» • ■ • • 1133,652 i Lftml, intitl-dfttnngea and foticiis- • • * - •♦$145,977 

B'ii|ei .. - »• . 1 .. .. 20,477 Engin«t and cnri •*• -•• -^— 

^"puiilnictiins 4D<1 Iron 2,072 [ Engineering and Agenoioe • • * 36,67? 

Cfieit to 80th September, 1854, is stated at-$80,000; 1855, $81,043; 1856, 
t^ifim; i857, $133,161 ; 1858, $133,520, and in 1859, $328,850. 



BUFFALO AND CONHOCTON VALLEY RAILROxlD. 

(iVott? the Buffahy New York and Erie Eaiiroad,) 

The Bufftth and Conhw/on VaUcy Railroad Company was organized under' 
th<* ^<iieral luw, and filed articles of association on the 26th July, 1850. In 
IS^'i an act waj* pjis8ed, authorising the change of name to that of the Buf- 
fiiio, Coniiofir and New York Railroad Company, and the certificates of the 
dirtHt4>rs aHAi»nting to the |»rovision of the act wu« filed on the 9th April, 
1^\2 — {8e€ BnfaUf New Turk and Erie Railroad.) 



244 



KEW YORK-BrFFALD, OORNINd AND NEW YORK, 



BUFFALO, CORNING AND NEW YORK RAILROAD. 
{Naw a pari of ike Buffalo and NmjD York Cii^ Railroad.) 



Length or Road — Corning to BHUvia,. ♦ 

Second track and ^i<]mg<(, {}/25 miles. 



100 mile 



The Buffalo f Corning and Kew Toi'k EaUroad Company was or^nized undi 
the geoeral railroad law, by the name of the Buffalo and Conlmeton Vallev 
Railroiui Company, aod filed articlefl of assodatioa on the 2t3th July, 1850. 
The chaiifre ol rjame was authorized by an ant of the Legislature passed in 
1852. The work r»f coiistniction was eommeneed in 1850^ and the several 
sectionijs opened as fuUuvvs :— from Corning to Savona^ 14 miles, in Septem- 
ber, 1851 ; to Kanona, 10 miles, on the L^th April; to Avoi*a, 3i miles, on 
the Ist May; to Liberty, TJ miles, on the 31st May ; to Blood's, 4i miles, on 
the 1st July, and to Wayland, b\ miles, on the 2d Auj^mst, 1852, In 1853 
the road was extended to Leroy, 45| miles, and in 1854 to Bativia, 10 miles, 
makin*T in all 100 miles. In 1855 the (*ompany made default in the interest 
on its bonds, and on the let April, 1850, went into the hands of a receiver, 
and I he firtst mortgage isi^ned toFecure bonds to the amount of $998,000 was 
foreclosed. On the 29th October, 1857, the road was sold to the Buffalo, 
New York and Erie Raih'fiad Company, and now forms a part of the hne 
of thiit road. At the time of the foreclosure the cost of the road was 
$2,819,066, as follows : 

Cost op Road and Equipment to the BOth Sept., 1856, viz. — 

Land, Itind dnmages aotJ fenc«s $452,009 

Loeomotirc engines and tcmw ploughs- 74,345 

Ttts^onger iind bugi^a^ge can 231,932 

Freiffhtcarrt * 121,545 

EDgincering, agencies mid iondrios- *• 216,r'" 



Q radujition and mn^onry ^ .-..».*..-. . 1993,230 

Bridgpa • i5,02(j 

SapeiYtruHuro^ ineluJitig iron 936,063 

8tfktionji, buildtDg;» nrtd fixtures'- ** •• * I6,!).^0 
Esgine and car faouBct, luachioery, otc. 39,'i4() 



Shark Capital (at the date of the foreclosure)— $1,487,074. 



Funded Debt — $1,475,000 : in detail as follows — 

Id Morfgag^^ 7 per cenLy coupon bonds $M8,000 

^-dated 1st April, 1852, and payable in 15 years; interest payable 1st April 
and 1st October, in New YorK. 

2rf Mortgage f 7 per cent. , coupon hotidt. _ ,- $47 

— dated 1st June^ 185*^, and payable in 20 years; interest payable Ist 
and Ist December, in New York. 

Floatinu Debt— $24,783. 



.626^ 



CJq8t, Eaeninos, Expenses, etc., Ykarlt. 

Cost of Bimd, Mile- *- --Gross En ruing? _ ^ . OpereitD^ 




Toar. A equip' t iige. 

19S2.. S703.637 44.74 

1863 ■' 1,975,421 89 91 

1664 •• 2,597.963 100 00 

less** 2,319,096 IDO.OO 

16S6- 2,619.0% IGOOO 

Syn.. 6,915,213 434 66 271,656 264,977 

ATer. 1,383,042 66.93 64,331 62,995 



PM»'f. Freight. M»iils,&c. 
•8,872 $9,814 W71 
33,713 26,244 4,640 
62,071 55,176 6.900 
8-1.027 78,076 10,374 
82,973 93,638 6,203 



Net 



ToIaI e'xpensef. SuniDgf. 

119,187 $7,238 $11,949 

66,597 32,611 33.986 

123.147 72.395 50,752 

172,476 106,143 66,333 

182,814 139,294 43,620 



27,588 664,221 357,681 206,640 * 
5,517 112,844 71,536 41,^8 

\See Buffalo, NtfO Ytyrk and Erie Rali 



XEW VOHK-Bi:Fl ALU AND NEW VOUK CITV. 



243 



BtJLFALO AND LAKE HUUON RAILROAD. 

The Ihtffith and Lake /liirou Kai/rottdkCo/npani/ of CinatJii wus oriifaTiiKOfl 
under the general niilroad law, imd rtli^ articles of iissoeiatiori on tin^ UHli 
June, lHa8. It had previuiisly been dechirud to be a corpora tic jn, ami 
authorized to hold real estate within the State of New York — {Se-e Buffalo 

\Lak§ Ruron Railroad of Vamda.) 



BUFFALO AND LOCKPORT RAILROAD, 
{N&w a part (f ih^ Nnnif York Central EaiiroadJ) 

BTK or Road — Lock port to ToTinwaialji • , , , • . 12.25 miles. 

The Buffalo and Lockport Hmiroad Cmnpanif was organized under the gene- 
ral law, and tiled artieles of ut*.sodatioii on the '29th April, 1852, Tlie coo- 
strtiction of the road was eoninienfed in tfie same jeur. In 1853, while still 
in progress, it was eonsulSdated intc^ Iht? New York Central at an estimated 
cost of i4>75,UOO, It wim opent;d for public \im m 1854.— {6V^ N. Y, VetUral) 



b 



BUFFALO AND NEW YORK CITY RAILROAD. 

(Now opa-aUd as a jxiH of the Buffalo^ New Y&rk and Erie Railroad.) 

LotGTH or Road Euifalo to Huniell><vilte. .••. 9L60 miles* 

Second tnwk, including »idiug!4, etc, 5.50 miles. 

The Buffalo and New York Citi/ Railroad Vompamj was irhartered under the 
»v:un« of the Attica mvii Ilornellsville Raih^oad C>>mparkV hi 1815. The title 
of the C^Jinpany was changed hy nn act of the Legislature in 185L The 
Work of coiiist ruction wa^ commenced in 1850, and the road completed and 
opene^l for bu»rnes*a in 1H52. On the Int July^ 1851, the Company issued 
bonds tfithe amount of ST()l),OOi^p.ay!ib!e in 15 yeai*s, secured by a mortgage 
on Ihat portion of the road between Attica ancf Hornellsville, (iO miles ; and 
00 the Isst November, 1852, made a further issue of bonds to the amount of 
SoOo^OOO, payable iu 8 years, secured by a rnortgnge on that part of the road 
between Bunalo and Attica, 31 J miles- — ^that portion of the line having been 
purchased from the Buffalo and Rochester Company. On the 1st r:^e|>t ember, 
1853, the Company made another issue of bonds t«j the amount of ^500,000, 
payable in 12 years, secured by a mortgage on the whole road, subject to 
the two mortgages described. The Company failed to pay the interest on 
the first issue, due 1st July, and on the second, due Ist November, 1854. 
N0iat«re«*t W4t8 paid on the third issue after Ist March, 1864. In 1855 a 
pfoOMB for foreclosure w^as commenced by the holders of the last named 
DOnda, u[x»n which a decree for sale was entered on the 4th October ^ 1856, 
Hud rho road was 8oon after sold, and conveyed by the purchaser to certain 
nartie* for the atim of 8379,568, who conveyed the same to the Bulfido, New 
York nnd Erie Railroad Company, on the 29th of October, 1857; and this 
< earned also the payment of the bonds of the mortgage on that por- 

fj ine between Buffalo and Attica, which now forms a part of its 

That portion of the line between Attica and Hornellsville is now ope- 

ed M n branch of the Buffalo, New York and Erie Railroad. It may be 
er to fsitate, how^ever, tliat the right to form the new line is disputed by 

' bondholders of the section between Attica and liornelhiile. For seven'd 




NEW YORK— BCFFALO, KEW YORK AND ERIE. 



I 



years past no staU-nient of the earnings of tins road has been made 
cost of the Uutfak) antJ New York Cjk)^ Kailroad, with its eniiipment ^ 
3(Hh Sopteoibur, 1S;3:>, that being tii^ate of " " 



Tb6 

equipment on the 
tlie fast Report loade by tbis 
Company, was S3,40l,H68; hhare CapituI paid in $798,489; Funded t)ebt 
81,7!lu,OO0, and Floatuig Debt,8867,84a-(.S*^ Buffah.New York aJEr^MR\ 



1853' 
18S6* 

Aver. 



Coil of m\m 



Cost, Earnjkqs^ Expenses, etc*, Yearly, 



-4Jroas EurDm^— ^ 



Kood, Ac, of liui»/i. PiMsen'r, Freight M»lla,elc, Total. 

S3,34Md2 ^l^ II 18,105 $72,961 U,hn il95,55S 

3,401,868 mm 126,943 nri,353 8,974 254 770 

3^401,868 9150 125,829 154,809 7J54 288392 



10,147,218 
3,049,073 



274,50 
91,a0 



272,8n 
124.292 



344,523 
124.341 



21,320 
7,107 



738,720 
246,240 



OpeniUog Eani'gs, 

axpoiuM loaoxp. 

§161,904 i33,564 

2«2J40 52,030 

256,496 31,896 

621»230 117,490 
207,077 39,163 



BUFFALO, NEW YORK AND EKIE RAILROAD, 

{Finamiat fjmr fndinff 30/A September^ 1859. J 



BoARi> OF Directors anp OrrjcERs, 1859-60. 

A. D. Patchiii ^Bufilo^ N.Y 

Chiirlci^G. Miller... '' « 

Ilonrv M'lrtin .,.-►. " " 

G, K* VVilsuii « « 

J, G. iJenliler " ** 

John Aracii • . •£!fwif>o, " 




George Bliss iVw For^t. N.Y. 

James G. King... ...... « « 

William Wninwrigbt, Jr. " « 

D. W. Tomliiison Batar^, « 

A. F. Hmscall URoy\ •* 

Jlitxnaa Brown ..,,...... Caledonia " 



Georgr W. TirrT, PnsiiUnt* • • , .Buffalo N.Y 

GiLBKKT Cam KHUN, rrffl^Mrer ., u ' « ' 

U. C. FiaK, SiipeAintatdtnt k (t 

Pkincipal Office BirrFALo, J?m Cb., NX 

LEiiGTU or KoAt) — BufTalo to Corning. , •.•...,,, 142«00 miles* 

Second tnit-k and sidings, etc., ILd3 miles. 

LeoHd Liitt — Buflhio and New York City Rail mad 60,00 ** 

liochester an<l Geiie>f e Valley Bailmad 18,25 •* 

Avon, Geneseo and Mount Morris lUilroad 15.13 ** 

Total length of road owned and leased hy Company 235.?8 tnileA. 

The Buffalo^ New York and Erie Railroad Company was organized under the 
genera! Inw, and filed articles of aasociatinn on the 24tli October, 1858. On 
the 29th of the j^uiiie inuiith the Cuinptmy purehui^ed the Buflfalo, Coming 
and New York Builroad, on the forecluHiire of its fii-st mortgngo, dated I at 
April, 185ti, to set iiro bund8 to the amount of $998,000, and also the righta 
iic(|nire(l under the sale of the Buffalo and New York City Railroad, ou the 
forecloHUi'e of the second mortgage on iho same by u decree for that purpo&e 
made on the 4th October, 1856. The C^nijiady also agreed to assume the 
Jint mortgage on that piortion of the Huft'sdo and New York City Railroad 
between Uuffalo and Attica, a di^itanre of 31 i miles, and claims, under the 
proceedings desc-ribod, to have become the owner of that part of the last- 
named road. To connect thi« with the line of Butlalo, Corning, and New 
York Railroad, a road was coni*tructed from Attica to Batavia, about 11 
mile^, and opened on the 20th Juno. 1858, To provide the moans for the 
several |iurchasc!^, and to construi't th<< new road, the Biitfafo New York 
and Erie Compimy issued two morlgs^geii, the first to secure bonds to the 



NEW YORK-BUFFALO, NEW YORK AND ERIE. 



247 



amount of $2,000,000, and the second for $380,000. Upon the payment of 
tbe 1st Mortguge (S500,U0O) on that portion of the Bufialo and New York 
Citj Railroad between Buffulo and Atlica^ these mortgages will constitute 
I the only Jien upon the road. On the bondi^ last-named §37UjOOO have ttlready 
i boen excbiMiged for the Ist mortgage bonds of tlie new et>mpaijy» Since the 
lat Noveaiber, 1868, this Contpany has operated the Bulialo and New York 
Uity Kaib'oad from Attica to llorneUsville, and the Rochester and Genesee 
Valley Kailroad from Kochester to Avon, and since its coiupletion the 
Qeoesee Valley (now Avon, Geneseo and Mount it orris ) Kailroad from 
Avon to Mount Morris.— (6W theu roads.) 



Share Capital— Authorized » $1,500,000, in 15,000 $100 shares. 
Paid in, ^ $680,000, in 6^800 

Fdndkp Debt — $2,410,721 : described as follows — 

ht Mort^a^Cy 7 /?tfr ct*NL coupon bonds . $2,000,000 

— dated 29th October, 1857, and payable, principal 1st December, 1877, and 
ooupous senji-anriuully 1st June nnd let December, at the Bank of Commerce 
in New York- 

24 M»rt^<i^$f 7 per eenL ccupon hmd% $380,000 

—dated 29th October, 1S57, and payable^ principal 1st November, 1872, and 
coupona semi-annually Jet November and 1st ifay^ at the same place. 
Mort^ti^es an realedate ^-. $30,721 

Ploatisg Dbbt^ — $252,142, bills payable and current accounts. 

Cost OF Road am> EQuipiiKNT — $3,150,762: no detail. 

Ikcomx AocoiJNT Foa TUK Year Ending SOtu Sept,, 1859, 

D isbu rst mtnts — 



oamings* 



JliUi«r«io« ' 

' txtmm freight oarorngt' 



ifoM mud c»ri'"" 
[>tri«oa (flarnlaga)' 



T«U1 



*tli8,353 
. 372,664 
. 7,6«0 
. 4,249 
. 1,646 
1,211 
176 
- 1,924 
. 3,435 

-«4 1,249 



MiiJiatGiDeiuee of roMd • tl26,€10 

Hopttira of ongiafts tiad con* «•*«••••*. 65,340 

Oiteratitig 6Xt>eti«e8 • • - • - • • • 177,678 

Ilitervst vu bonds, etc • • * 160,224 

Surpltis tindividod 22,097 



Totttl 



••541,249 



Dr. 



Gbneral Lbboer Balance Sheet, Ist Oct., 1859; 



CWt of road nnd eqoipment' * - - 
J - ' - ^ nndj< on hitnd- • *< -• 
1 f^ V^ RR Co 'a atock 

{ City RR Co*8 bondj 

1 foUdoRR. Co.'abonda - 

I ant, J857 • 

i.jf..*:-. ,,,. id during year-- 

k^id, A^ , on hand- • • • • ■* - • 

lS«|i9ii«<!« of tninfporUiioD, 1858-9 •• 
UCMb mud cs*«h it«iiM> • • » 



ToCaI^ 



$3,150J62 
228,800 
150,000 

8,085 

12,215 

» 160,224 

75,715 

. 368,928 

. 60,865 

• •4,206,? 10 



Or 



ShiLTO capital •680,000 

Funded dfibt 2,410,721 

Fiml Mort. Bdj. B. A K. Y. City RR. . • 18l,50W 
FloNtifig d«bt— 

BlIUi pftjabie •66,275 

Pfty rolli"---- 67,949 

Currant nccounla 117,918—262,142 

Eornings of triiTi.-purtAtion 641,249 

Bjfctiintio of traDdportation nccoant 
from 1858' .•'■• - 141»097 

Ti>tat.... •4,206,710 



The f*flrnTr»g« for the eleven months ending: *iOth Bcptember, 1858, amourtt- 

1, viz. : from ]>u88en^ers, $128,G:j4 ; freight, $283,738, and other 

[_e II \'yl Thii tot ill truriB|K>rlutiun c^pensets for the stiuje period 



248 



NEW YORK— BUFFALO AND KOCHESTEK. 



were $301,632, viz. : for maintenance of roacl^ $109,163; repairs of rolling 
stock, $57,111, und operating expeiiwes, 8135,358. Net eiirnings, $128,12*2, 
from which was paid interest $1,490. 



BUFFALO AND NIAGARA FALLS RAILEOAD. 



Length of Roai>— Buffalo to Niagjirai Falt^ ...*... 22 miles. 

The Buffalo and Niagara Falk Raihoad Compani/wn^ chartered in 1834, and 
conipleteti it*? road in 18^7, at a cost of $217,47*2. On the constilidution of 
tlie New York Centnd that Company took a lease of the Buftulo and Nia- 
gam Falls KaiJroad, agreeing to pay, as rent, dividends to the istookholdem 
of this Company at the sume rate as to its own. By an nvi of the Lcjirislature 
passed in 1855, the holders of shures in the Buffrdo and Niagara Fulls Com- 
pany were authorized to exchange theni for i^harea in the Central, io pur- 
suance of which the Company became merged. The cohI of the road at 
that date was $492,129: Share Capital, $564,117 ; Funded Dt'^bt, $0D,P»7lJ ; 
Floating Debt, $1,064. The doljt^s of the Company were assumed by the 
Central Company, whivh see. 







COBT, EaHNINOS, 


Expenses, etc., 


Yearly. 










Co«t of 


Mile- 


r- — - 


-OroM K 






Qfwratinf 


Net 


* Div- 












Year. 


Bmd, eUi. 


•«©. 


PMi'er. 


FroiglH. 


MiLi^etti 


. TuUl. 


expense*. 


Eoniiags 


• 


p,<3. 


1845.* 


•217,472 


2200 


$25,804 


•1,877 


#912 


•28,593 


•13.BJ0 


•15,063 


•n,966 


8 


1846.. 


205,902 


2200 


29,841 
43,726 


3,315 


BOO 


33,956 


14,G44 


19,312 


13,915 


8* 


1847.. 


2O5,P02 


22 00 


3,116 


600 


47,632 


19,879 


28,763 


15,879 


8 


1848" 


250,396 


22 OO 


55JG3 


3,446 


800 


60,014 


24,525 


35,489 


16,930 


B 


1849^- 


394,287 


22-00 


47,767 


3.R13 


WO 


52,480 


16,431 


36,049 


7,997 


3 


1850.. 


429,241 


22 00 


67,979 


i:m 


l,0«i 


73.^96 


17,218 


66,078 


25,421 


7 


1851.. 


440,249 


22,00 


83,677 


6,066 


1,000 


90.743 


30,649 


60,194 


21,715 


6 


1852- 


461,936 


22.00 


80,007 


7,319 


booe 


88,326 


37;i71 


51,065 


39,150 


10 


1853«. 


492,129 


22 00 


103,736 
539,305 


12,251 
46,510 


1,000 
8,212 


116,997 
592,027 


44,404 
217,451 


72,583 
374,576 


40 462 


8 


Sjii.. 


3,102,514 


198.00 


192,335 




AT«r. . 


344,724 


22.00 


59,812 


6,057 


912 


€5,781 


24,16! 


41,620 


21,370 


7.3 



BUFFALO AND PITTSBURG RAILROAD. 
(Sofi Buffalo^ Brad/m'd and Fithharg Railroad,) 



BUFFALO AND ROCHESTEEl RAILROAD. 
[Naw a part &/ tluf N('w York Cmtral Railroad Company,) 

Lentm of Road — Main Line^ Bufliila to Rochester , 68.98 miles. 

Branch Xitif , Ba vavia to A ttica , , , 1 LOO ** 

The Ittiffalo and Rorhnter R^rilro/id Companif was formed by tlie consolida- 
tion of the Atlira and Buttalu Railroad aod the Toiiawanda Railroad Com- 
panies, and filed artick's of association, under the g^eneral hiw% on the 7lh 
December, 1850. In 1H.52, Ijavinnj completed a direct road between Buffalo 
and Batavia, the Coiqjaiiy sold that portion of its old road, which extended 
from Bnflalo to Attica, ZlMh miles, to the Attiea and llornellsville (Buflalo 
and New City) Company. On the 17th May, 1853, the Company was con- 
solidated into the New York Central Company* At the date of the con- 



^ 



KEW VUllK -BUFFALO AND STAtK LINE. 



249 



aolidatioiij the cost of the road and equipment was $3)322,15:^ ; Sliuro 
Cajaty], $2»3oa,l2f>; Funded Debt, $175,000- and Floating Di^bt, 8140,000. 
(iUe Attica and Bajfaia^ and Tonawmtda Railroads.) 



Cost, EarninoSj Expenses, etc., Yearly. 



,1 
1 



006t 

7^t Ko&d. 
-976 



Mile-. 

7600 
7*>00 
7998 



-Gross Earnin^s- 



Onemting 
Eipenies. 



P&M'gerg. Fruight. IklaiU^ eiu. TutnL EipeniaL Eamiogii. $ p o, 

f3(!i6/246 190,343 $12,500 9461^094 tl33,(i33 #335,461 t91,4R9 5 

43l,:i67 ltHj,098 22,621 619,976 204,653 415,323 lS2,nfll JO 

204,856 140,378 14,336 359,572 147,447 212,125 319,425 13} 



3 3rn^ 7»9i6,i42 23L98 l,0O2,4&9 396,824 49,359 1,448,642 4B5,733 962,909 593,495 
AT«r.< a,658,714 77 J3 334,153 132,275 16,453 482,880 161,911 3^,969 197,631 9| 



BUFFALO AND STATE LINE RAILKOAD, 
(Financial year endimj 30/A September ^ 1859*) 



BaiftD OF Directors and OrziCERS, 1859-60. 



Dean Ricbmond (Y.*Vrefi.),Batavia^ N.Y, 

James S. Wad^ worth Gtneseo^ ^^ 

Charles H. Lee Sdrtr Cnek, " 

Jo-t^ph Field Rochesftr, " 

iMniel Drew ,Nem Yvrk^ " 

Charles Muran « ** 



Jolin Wilkinson., . ,.-... ^Syracuse^ N.T. 

Ilftniiktm Wliite " « 

Gt-Hjrpe W, Patterson.. . , . WestJUld^ <• 

Alanwun Kt.»biniMDn * « • Buffalo^ ** 

II eiir V L. Lansing,, ,,,.,, . " " 

Willi'am Keep « « 



GcoacE pALM£R,Pr«jnWml« Buffalo, N,Y« 

HfiNRT N. Lansing^ Trecunirer •••..,.. " *^ 

RoscRT N. Brown, Engineer and Superinleiidenl « • . " ** 

PfttBtctPAL Orrice ,BuTWkLO^ Erie Cb,, N.T. 



ItK^aTB OF RoUTR — Buffalo to Stnle Line. . ...*.>. - , 68,34 milee. 

Second track, inclndiiig sidings, etc., 12*50 niiles. 

Erie and NortbeiLst Ibiilroud, State Line to Erie, -...,, . 11*50 ** 
Second track and sidings, otc, 4.12 niile«. 



Total length of road owned and operated by Company.. 



87,84 



RoLtlxG Stock — Locomotive engines ,.,,...,.,,,.,••.•• « . . . , 28 

Car« (8-wlieet) : — Pa^^enger, Ut cIslba^ 22, and 2d claas, 12 ; baggage, mail 
and express, 5 ; freiglitj 307 -...<•.. • . . , 340 

The Buffalo and State Lim Railroad Company was orj^^anized under the gen- 
eral law, and filed articles of aasociatjoii on tlio 1 3th October^ 1849. An act 
bad previously deehired the public utility of a railroad from Buflalo to the 
Btat4? line. The work of coustruction was coinmencod in July, 1H50; and 
c<>m|>leted and i}m road opened between Dunkirk and the State linc:% 27.34 
fnt]«^, on the Iwt January^ IS52, and the eastern division from Dunkiik to 
Bu0ido, 41 miles, on thV* 22d February following. In 1853 this and tho 
Erie and Northeast C •unipany of Pentisylvania agreed to operate their roads 
jifl one line, dividing net proceodt* in prup<>rtion to their re^pGctivu eapitals. 
In 1857 the former Company obtained authority to purchase the Erie and 
l^ortheast road by an exchange of istoekB and bonds, which Ims been 
aiflbctef) to the amount of $6i:i,000 of the f<:irmer, and $140 000 of th*3 latter. 
^^Sm £rte and X^/rthmit Emkoad, rmmyhania) 



250 



KEW YORK— BUFFALO AND STATE LINE. 



Share CAPrTAL — Authonzed by articles, $1,:)0Q,000, m 2G,000 $50 shares. 
lat^roased under kiw txf 1857, chap, 302, 87110,1)00, m 14,UUU ** 

Fiiid in up to 3(Jth Sept., 1S59, $1,9:34,950, on '* ** 

Fl'nded Debt — $1,049,000 : cliiflsified as Ibllows— 

1st Mortgage^ 7 per cent coupon bonds _.__.. — _ $500,000 

—dated Ist October, 1851, and payable, priiicipul 1st October, 1806, and 
coupons acnii-uTjnuiilly, Ist April and 1st October, ut New York. 

Income 7 per cent, hondi ^-,_, __. $200,000 

— dated LsL April, l><52j and payable, pritici|nd one-half 1st April, 1859, and 
oiic-iiair 1st April, 1562, ana interest semi-annually, Idt January and 1st 
July, at New \ ork. 

Umecured 7 per cent, hondji ..^ $200,000 

— dated 1st Oclober, 1852, and payable, principul Ist July, 18G4, and interest 
seini-unnually, l^t Junyary and 1st July, at New Yorjc. 

Erie and NortkmM Excfumge 7 per cent, bonds ^__-.,.*.^*, $80,000 

— dated 1st June, l>^r»7, and payable, principul 1st June, 1870, and iiiteresft 
gemi-aniiually 1st January and 1st July, at New York. 

^rk and Northeast Exehange 7 per cettt. bonds . .. $09,000 

— dated 1st January, 1«58, and payable, principal 1st January, 1801, aiij 
interest eemi-annuaUy, 1st January and 1st July, at New York. 



Floating Debt— $161,203. 
Cost of Road anb Equifmknt — $2,770,994: in detail as follows — 



Briti;Q,'« -..■-.**,•..-*»»* 

Supontructure, incLuijing iron** *• 
SUtioDs, buildings nod fljiturea,' •• 
Ei^gino tuid cur bouuoa, akopis, etc.- 



.«920,140 

55,44^ 

722,797 



LwDd, Und-dmimgoA and feucea- . - • ' - «|35t,273 
L*>eotn«tivt'S i*iid nmow ploughs-^ ♦.....* 241,305 

Pus-iciigor and buggiigo o«n •» ■ • &B,342 

FriMglit and othjjf vari-; • 213,069 

Ktij^iueurmg mul iigonciofl 46,409 



Income Account for the Yeah kndinq 3Qtu NavEMBEii, 1859. 



PoMeDgcr earniagi- 
Froigbt " . 
U. S. mail ** 
Express " • 
Rant •-•* 



• tJdb211i 
. 4i9,453 
. li,9[Xi 

* 3,753 

21 



Total' 



.$848,327 



Dufbuniement^ — 
MiiiDinnujictt of wfty> •* * 
Rt'pMirs of rulliog atook* 
Operating oxpenso*- " ■ ■ 

lDt«rott 

Ifividefidet' « . - .« 

Surplujj uudividod- • ♦ ♦ • 



Total' 



The fJompany publish no balance sheot. 
information as to its at! airs, waa refosed. 



Th0 application for one, and for 



Cost, Eaunixob, Expbx9es^ etc., YiAaLY. 



Coet «f Mile- * On^aa EaraiDga — ^- 

T«Ar* B^adfA^Q. age. Pou'r. Freight Maili, ebo. Total. 

iaS2-91,92l,270 68.34 998,097 $31,530 i4,679 9U\;m 

|W3» 2,220,Syl 68,34 274,61tf lUB,5t)2 1^321 395,4^9 

1864. 2,343,849 69 34 332,992 160,951 I3,ti75 &07,(il8 

fiass- 2,494,364 68.34 397/341 2tie,609 13,900 679J&0 

1656' 2,St^J,787 Ga,34 420.229 MyMn^ 13,800 800,116 

1857. ;^^31^93t> QS.U 410,9^0 425.U43 13,845 e5O,40S 

1858- 2,772,967 BBM 42J,6B7 400J48 IS,<>81 640,116 

''"9.2,779,994 68.34 391,215 439,463 17,574 846,242 



Oporutiog Eiirningi, # 
xponiica. less exp. 



8(i(},319 
154,046 
242,7b4 
32^,987 
474,171 
640,106 
480.507 
429,938 



8f«J9,802,778 64172 
Aver. 2,482,847 68,34 



2,749,097 2,201,522 105,375 
343,638 275, IW 13,172 



6»066»994 2,811,837 
ti3 1,999 361,479 



867.987 
241,394 
264,954 
355,763 
325,944 
210,302 
359,609 
4td,304 

2,244,167 
230,619 



-DiT.^ — » 

$■ p.Q 

nit. 

I34,805* 
120,000 
130,000 
130,000 
143,OUO 
108,000 
216,000 

981,SU6 
122,723 I 



I 

1 
I 



^0180,431 

• 50.660 

• 198,947 
•« 73,626 

• 216,000 
. 128,764 

'9848,327 



* ludndu diridoQd Cbr 18^2. 



KKW YORK— CAYUOA AND SUSQUEHANNA. 251 

CANAJOHARIE AND CATSKILL KAILKOAD. 
The Catmjoharie and Cat skill Rmlroad Company was ehartere*! in 1830, The 
construction of the roiid wiis ciniimence*! in 1837, und ix piVtion partially 
cQQstr Hinted at an estiiTiatoci uostt of $3,571 per mile, when completed. lo 1838 
the State made a loan to the Company of 8*200,000. In 1841 the Company 
failed to pay the interest on the hmn, and on the 20th May, 1842, the road 
woij sold by the Comptroller of the State for the sum of $11,600, the 
balance of the loan being a total lose. The pitijeet was soon afler abandoned* 



CAYUGA AND SUSQUEHANNA llAILEOAD. 
[Financial ymr midithg 30M Septmnhei\ 1859.) 

Board of DinKcxoRa and Of*'ickr8, 1859-60, 



Jolm llowland Neto Ywk, N.Y. 

William E. Dod^e " " 

Diniel S, Miller « '' 

Henry Ellsworth. 



William B. Skidmore New ForA, N.Y. 

George W. Scmnton. * * , . - .St;ra?*itw^ Pa. 

Jobn J. Blair. Blairstmmy N.J« 

J» B, WjlUains Uhaca, NX 





Thomas W, Gale, President and Treasurer New York^ N.Y. 

William R, Humphrey, Super inUndint. . . . , , , , . Jtlmrai, " 

PiiisciPAL Office. ...,•....,.,.. .No, 4G Exchange Place, New York City, NY. 

LiNGTU or Road — ^O wego to Ithaca Pier* •..#.....,.*«.*.«,.••,,*.. 34.61 miles. 
Second track, inclntling sidings, 3.49 miles. 

JtoLtiXG Stock — Fanjisbed by the DekwarOj Lackawanna and Western Comp&ny. 

The Cai/it^a and Stisqttifhunna Railroad Compam/ m successor to the Ithaca 
and Qwego Kuilroad, chartered on the 28th January, 18:28. Its road waa 
opened on the 1st April, 1834. In 1838, the Ithaca and Owego Company 
obtained a loan from the State amounting in all to $315,700. In 1841 the 
Company made default in the payment of interest on the loan, and on the 
20th May, 1842, its road waa sold by the Comptroller of the Stjite for $4,500, 
the balance being a total lo8.s. The purcbaeorn formed them-^elves into a new 
company on the 18th April, 1843, under the name of the Cayuga and Bus- 
quehanna Railroad Company. In addition to the cost of the road the pur- 
chasers paid 813,500 for equipment, making the cost of the whole property 
81if,000. In 1849 the road was re constructed and laid with a heavy rail 
In 1850 it waa extended to the pier on Cayuga Lake. On the 1st January, 
1855, the road was lease*! , in perpetuity, to the Delaware, Lackawanna and 
Western Railroad Company for $70,000 per annum, the said Company agree- 
idg to keep it in repair atid pay all operating expenses. On the 1st Octo- 
ber, 1857, the annual rent was reduced, by agreement, to $54,000 per annum, 

SoAax (JAPiTAL^Authorized, $1,500,000, in 25,000 $60 shares, 
Paidio, -- $687,000, on 11,700 " 

Funded Debt — ^$411,000: described as follows — 

hi Mortijnge^ 7 p^T cmL , coupon hondi _^. __,, ,^ ^$300,000 

— dated 1st January, 1850, and payable, principal 1st January, 1865, and 
interest semi-nnnually, lat January and 1st July, in New York City. 

Unmured 7 per omi. hondn , .._._ --— - $89,000 

—dated 1st January, 1852, and payable, principal 1st January, 1862, and 
iuteretit seini-unnually, 1st January und 1st July, iu New York City, 



252 



NEW YORK— CAN AND AlODA AKI> ELM IRA. 



2d Mortgage 7 per c&nL eonf^^rt^h bonds __ $32^000 

— diited l8t Jaimarv» 1854, and payable, pnncipal 1st JanuaJT, 1864, and 
interest eemi Jinnually, l^t January and l^t .Itily, in New York City, 

CoBT OF Road and Equipment — $1,095,600; in detail, as follows: 

Lamj, lAud-djiitiu^ps and f«>Ticci<' >• •*i461,lT9 

Locomotives Riid *now ploughs' » - » 4 1 .6,7 1 

Pawneiiger nmi hag^agQ e&n- • * • • 10,197 

Freijfht and other curs** ♦ * 27,774 

En^rineering mni ugcnuiea •*• 9)6U6 



0rmdiialion mnd musonry .»*».- -iJlBlJil 

BH*lg«(i * 29,093 

Snp«rBtnictuT«, including iron - 28(i,(i59 

Stotioiu, baUdinga and Extun», engine 
and flAr*h.oaae«, ihops, muchincr;, etc. 47,791 



ELOATfso Dkbt— None. 



LxssKK^s Account or Operations fok the Ykar Enuino 30tu Sept., 1858. 



KceeiptM — 
FiiB9<^iigeT eurningS' 
Freight " 

MailK, <■ 



-814.117 
' 43,263 
. 1,836 



Totai '$m,Wh 



T)isb iirxem cjf ts— 

MatrJomtticie of vtay • 922,902 

Kc!|ipiir:t of rolling stook ,,.*... 6,9&3 

Ojiernting expenit^g* * 19,047 

Sujr|i'liie income ■ . 10,393 



ToUl 



•859,205 



Company's Ihcomb Aocoont for the Year En'ding SOtd Sjept., 1859. 



Income — 
Annual rent • $54, COL' 



Total* 



.$54,6011 



J > iah iirfiem enln — 

Iiiri-re<t oil ^^K>ndjS- "•* 

UU ii]e»d 1 4 per cent- 

E3c|;>eu«ie nocouut 

Surplus » 



Total* 



.$21,820 

. 30,915 

659 

• l/i06 

•$54,6tiQ 



Ooil of roftd 
Profit and Ima 



Oenbeal Statemnet 1st October, 1859. 



$1,016,058 

79,542 

3,70C 



TttUl- *- $1,099,30G 



Shnro capital- •" 
Funded c|ebl«« • ■ 
Surplus income' 

TotaJ-^'*-.. 



• $B87,000 

. 4ll,0t>0 

1,30<> 

.$1,099,3UG 



TeAT. 

1845^ 
1846. 
1847- 
1848* 
1849. 

le&o* 

lR5b 
1852. 
1853- 
1854- 
1855. 
1856. 
1957. 
1859- 
1959. 



Coat of Ectod 

A> oquip't. 

$19,000 

18,000 

18,0fl(» 

18,000 

321,011 

590,310 

617,313 

1,070,786 

1,07G,321 

l,0in,fi^4 

1,167,562 

lJ6.i,012 

M0^,.S49 

S,mi5,6f:iO 

1,095,600 



, Mile 
ago, 
28.75 
2S75 
2875 
28,75 
29-75 
3161 
3461 
3461 
34 Gl 
34 61 
34.61 
34^61 
34 61 
34.61 
34 61 



Cost, Earkinos, ExpENSKi^j etc., Yearly, 

-^Orow Eftmings ^ > Operating 

Froigbt. MhIIh.Ac. ToUlI. expcniwr 

$46 $12,173 $12,173 



Piuw'r. 

$2,079 

3,079 

3.591 

2,375 

4,823 

33,601 

20,698 

21,635 

24,394 

25,241 

19,442 

20,473 

17,019 

13,565 

14,117 



$10,048 
14,079 
17,644 
15,694 
7,819 
10,417 
30,722 
52,607 
53,560 
64,375 

106.038 
74,847 
59,438 
44,029 
43,263 



4,207 

24,399 

36.681 

28.152 

31,233 

9.953 

1,931 

1,829 

1.827 

1.925 



16 yi.l0,79lj,698 489,85 226,112 
ATur. 719,712 32.66 15,914 



604,560 141,993 
40,303 9,469 



17,168 

21,225 

18,069 

12,642 

4y,225 

75,819 

1 10.623 

106,096 

120,849 

136,433 

97.151 

78,286 

59,421 

59,205 



972,676 633.333 
64,333 42,224 



Net ,— Di^.»^ 
Euminga. $ p. o« 
$ nii. nii. 



14,557 


2,601 


u 


N 


21,088 


137 


*i 


a 


15,906 


2,163 


11 


H 


12,642 


.... 


u 


It 


30,811 


17,414 


n 


u 


34,007 


41,812 


11 


u 


50,748 


60,077 


ii 


u 


49,836 


56,260 


u 


M 


58,589 


62,260 


« 


« 


86,794 


48,649 


II 


II 


77,285 


19,866 


u 


•♦ 


65,806 


12,480 


M 


It 


64.328 
48,607 


5,093 


30.915 


4i 


10,39B 


30,915 


41 



351,862 
23,456 



61,630 
4,091 0.6 



CANANDATGUA AND ELM IRA RAILKOAD. 

{Soe Ehnira^ Jefferson tind CtUMit[hit(/U4i Railrmid, 



NEW YORK^-CORNINQ AND OLEAN. 



GHEMUNU RAILROAD. 
(Financial y far ending BOth September y 1S59,) 

Board of 



DmKcroHs 
Elmira, N.Y. 



Simeon Benjamin 

John A mot '* 

Clarkiton N, Potter Ntw Yq}% 

Oavid 8. Manntirs. . . . . ^Itntqi Ciiy^ 
Robert Bayard ( V, PrtJi*) ,Havannj 
Isaac Otis. , . , Brottklpiy 



ANi> OyricEHs, 1859-60. 

Jolin A. Carter Brooklyn^ N.Y. 

Jt)«epb P. Wickham *' ** 

Josiah W. Baker, . • . ...Neie Yorkj " 

J'4jn J. Laj^nn^e. * " " 

WilliaTii \V. Wicktt « •« 

Josbua J, Henry. — — ** <* 



JoKX P. Kathbl N, Prftddeut ....♦ Elmira, N.Y, 

William S. Brown, Trtfuumr, , -Nkw York:, ** 

Prikcipal Office No. 38 Dey street, New Yorr Oitt, N.Y. 

Lkkoth of Road — Elmira Junction to J«.^tfer?M>n ,*.,. 17.36 mtles* 

Second track and gidinpp!*, etc,< 2J>0 miles. 



The Chfmiaiff Railroad Company waa cbttrlered in 1845, and the road was 
completed HHh December, IS JO. On the 15th January, 18o0, it was leased 
for ten years to the Ni*w York and Erie Company iit $30,000 a year; and 
oil tlie l!*t January, 1859, the Bame Company took a new lease for llO years 
at 8ii0,(*00 a yean It b opera tcnj in eonneetion with the New York and Erie, 
and Elmira^ Jetferson and Canandtiii^nia roads, being of the same guago. 

Share CAftiAL — Authorized and paid in, $380,000, in 15,200 i'lb shares. 

FtJNDKb Di:dt — $70,000 : described as follows — 

ht Mort^fafffiy 7 /wr cen f.^ roupon hotuh _$7 0,000 

-Hiated lOth May, 1849, ar*d payable, principal 10th May, 1859, and inter- 
est eenii-anmjally, lOth May and 10th Nov,, at Merchants' Bank, New Y^ork. 

Cost of Road and Equipment^ etc. — $400^000: in detail as follows — 

OrtdojitktD and oiujiuiiry $'220,000 

Bililgea * ^* -.. 17,5()0 

5up«ntnteture, iDctudlnf iroa* - * - • * • * 143,000 



^tatiuni, buJUiin^:! and flxturei- -• • *• •< $3,000 
Bti^inm andeur houses, macbinc ahopB,«tc. 1,500 
Lncid, land duoingea and feQcefi 15,000 



CORNING AND BLGSBBITRG RAILROAD. 
(See Blmshurg aiid Corning Raiiroad.) 



CORNING AND GLEAN RAILROAD. 



tiKQTH or Route — Coming to Glean * 84 inilea. 

The Corning and Ohitn Railroad Campmiif was organised under the general 
law and filed ariiclcs of association on the 18th February, 1853. The object 
of tliis Company is to <*oa.'<trnet a direct road between the two pomta 
named above, and with the same gnage as the New York and Erie Railroad, 
No repijrt has been made of the aifuira of the Company since 30th Septem- 
ber, 1856. At that date the following statement was presented : 

SaARX Capital— Authorized, $850 J HK>, in 8,500 $100 shares. 
Paid in, ' $8,500,011850 

Floating Debt - $10,000, at 7 per cent 

Expended in agencies, etc,. .....-$1*2,500 

Nothing has yet been done towards conatructioo, oor has any interest been 
t»aid on the floating debt 



254 NEW YOEK-ELWrRA, JEFFERSON AND CANANDAIQUA. 

FLUSHING RAILROAD. 
f^Finanaal year etidin^ 80M Septemh^^ 1859,) 

E. B. Litchfield, President Brooklyn, N.Y. 

R. J. IIl' bba rd, ^acretaiy. .,,.,..•. ,...., " " 

Principal Offick New York City, N.Y^ 

Lenoth of Road — Hunter's Point to FJiisb'mg. • • 7.8 miles 

RoLLiPTG Stock — IxKSomotiTe engines 2 

Cftr* ; — fiasjiieuger, 10 ; otliLT earn, H , - 18 

Tho Flushing EmlrQad was orgaiiizer] under the General Railroad Law, on 
the Ud March, 1852. The constriictirni of the road was commenced in 1853, 
nnd completed, and the road opened to the pnhlic on the 26th June, 1854, 
In 1858 tlie road wat* sold under |:in»ccsf* fur IbrccloKure of the first mort- 
gage, and a new eornpatiy org-anizcd, wl^iieh took possession of it on the 1st 
May, 1859.. The amount of the mortgjige for which the road was sold waa 
$165,000, dated It^t September, 185:^, imd payable l^t September, l«t58* 

Share Capital — Authorized and paid, 8120,000, 

Funded Debt — $125,000; dei^cribed as foUow&— 

\9i Mortgmf^^ 7 j?<t eeiit. , eoupmi Imrith , .,...*.-...-.... $1 25 ,000 

— dated 1st March, 1859, and payable in 20 years; interest puyable semi- 
annually, in New York. 

The company has puldished no rcjiortit muee 1856. The earnings of the 
rortd average about 645,000 ; tlie net earnings aljout $20,000, The cost of 
the road to the new comiiauy equals tlie amount of its liabilities. Nu 
income account or general tstatemeul can he given. 



EIGHTH AVENUE RAILROAD. 

(See -AW York City Passenger Jtailroads,) 

ELMIRA, JEFFERSON AND CANANDAIGUA RAILROAD. 
{Financkl year endhuf 30//* Sfptt^mherj 1859.) 

Boa ED OF DiRECTiJMs ash UrirK khs, 1859-60. 



Robert Bayard New Yurk Cittj, N.Y. 

CUrkson N. Potter. " 

Robert B. Potter, . , " 

Septimus Crooks - . ** 

Ouftrles Congdnn . , . ** 

Anthony J. Hill,, 



Andrew^ Foster. ,..,NifW York City^ N.Y. 
W. U."f.*wnsead.. . « •« 

John K, Parsans, , , " <• 

Joha T. Rn til bun .. " " 

Joseph P. \\ icUbam Brooklyn^ N.Y. 

John Bloodgoufi. ,.*New York Cily^ N.Y. 



RosKHT Bayau d. FifshUnt , • . , , , . .New York Cityj N.Y. 

Clark^on N. Potter, Treasurer atui Secre/ary . - - *' ♦* 

Principal Office ,. .....New York Citt, N.Y, 

LENaTH or Road — Canandaipiim to Jeffer<oTi , , 46,84 inilen. 

Siding:^, turnouts, etc., 2»8D mile^. 

The Mmira. Jfiffer^on ttHfl CanmidnifiiM RaHroad Company was orgxinized un- 
der the ir^^neral law, and filed articles of association on the 18th Feliruary, 
1859. The original Company umJcr the name of Ciinandaigiia and Corning, 



KEW YOBK-ERIE AND NEW YORK CITY, 



255 



1 chartered on the 4th May, 1845^ and ovgamzed on the 8th August of 
the same year. Construction was coinmenced in August, 1850, and the road 
completed on the loth Sfpt,^ 1?^51. lu 1850 the niune of the Company was 
cbangtid to Canandni^uii and Eliuira^ and iigain in IH57 to Elniiraj Canan- 
(laiguii find Niagara Fidls. In July, 1858, the road w-as placed in the bands 
of a Receiver in hehulf of th^ timt mortgage bondh(4dei'j^^ wljo proee^ded 
against the three first companies^ and the road was sold under judgment for 
$200,000) and the present company wan forme*.! by the purehusei^s. On the 
Ibt January, 1859^ the road wafi leiised by the New^ York and Erie Company 
for 20 years, at $25,000 a year. 

Bharb Capital— Authorized, $500,000, in 5,000 $100 ehures. 

Fdnded or Floating Debt — None, 



Funded D^jbt of Canandaigua and Elmira Company^ (1856,) $1,014,400 ; 



Class. 
lit Iforti 7 p. 0. bonds' 
UMott,, 7 p.e. '' * 
WMort, 7 p.c. « .. 
4thMort., 7p.c. " " 
h\h Murl., 7 p. e, " - ^ 



Amount. 



Date. 
.24 Julj, '50^ 



..$300,000. 

.. 200,000.* > 1st Nor /5 1 
. 200,000... bt Fob, '32. 
« 100,000-.. I it Ap. *63- 
- 2 14,400-.. 1st Sept./5.5' 



Bue. Interest pa j able. 

.2d July, '60.. -Iflt JiiJi- A July, At N. York. 
. Iflt No\r., *B7. • . Ist April & Nov , " 

. ht Feb., *62- . . M Feb t Aug., *♦ 

■ let Ap, *&9.. .Jit Ap. A Nov., " 

* Ut Sept., *75 . - lit Mar. A Sept., ** 



—all of which were extinguished by the sale except the 1st Mortgage bonds, 

in detail as follows — 



Cost of Ho ad and Equipment — ^$1,1274,779 

.••459,5 17 

- 68,222 
»* 359,714 
. ' 24,4&0 

- 14,831 



OnutiiAtioD nod masonry '* " •• 

fiiiJg«i 

Btpentrui-tnro, iodudiing imn. 
mimif, builduigs aofl fixtures 
Xofio« tad oftr bouaot, eto- *- * 



Land, Um\ datnnget and fenoea-*'* •' •fl36,2fiO 

Locumoti vtis and auow plouglia * 103,145 

Pujwonger iind baggage car* 20,170 

FrvightLura * 64,2^8 

Enginofirifig and aguDciefl. • .> •> • 23,730 



C«it- 
Ymt. of Hi}{^d. 
1853..SI,147;247 
IflSi.. l,269,9'^7 
IfiSS- 1,275,796 
1S6" 1,274,779 

4y™» 4,967,749 
A?«. 1,241,937 



Cost, Eaemnos!, Expenses, Etc., 

Mile- -" Qtoss EiLTmngK — — > 

ago. PiLM^gen. Froight MaUi, et«, Tt»tnl. 
46.S4 i92.307 875,103 r2,933 §170,343 
46.B4 98,599 6S,385 3,425 170 4D9 
46 84 109,473 56,617 9,999 174,089 
46.84 112,128 73,662 6,902 192,592 



Yearly. 

Operatiug Net 
Expenses. Earnmgi, 
*1 19,537 §50,806 



197,36 
46,84 



412,507 
103 J 27 



272,667 
68,166 



22,259 
5,564 



707,433 
176,853 



113,748 
104,583 
150,500 

488,368 
122,092 



66,661 
69,506 
42,092 

219.065 
54,766 



t p^o. 
nil. ntl* 



ERIE AND NEW YORK CITY EAILROAD, 

(^Finaneiul year ending 30^A Septtmher^ 1859 J 

BaAltB OF Ditt ACTORS IxVD OFFICERS, 1859-60, 



* Newlsnd Jamtatown^ N.Y. 

•rD. Sbftw " " 

Aagmtan F. Allen " " 

WilUam lUU '* « 

Siium<?r Allen " " 

Budfoni Bnrliii » « 



Benj. UbaTFiberlain, ,E<ist Rftndolph^ NT. 
Tlrnddeus S. Sheldon. , . . Randolph, " 
WilHam A. Lowry... * ^Jamfstatcn, " 

Reuben E. Fen tun ^Ftettahurg^ ** 

Daniel Williftms AhhvUJU^ « 

Sardius Steward. ...... ^BhckvQle^ ** 



IIrkrv B\ker, PresUfmt ., « JamestowD, N.Y. 

RomcnT Nkwland, Tnamrer, . , « " 

Thomas KTissarDj E^hginetr aiid Snjierinitndtnt , " *< 

PtiMciPAL Office ..,, Jamestown, Cfia^Uauque Cb,, N.Y. 

* TDrltidingth« Chemnitg Roiul, 17 36 miles, and part of tbe New Y{>rk and Erio, 4 milefl, tho 
total leagUi op«nt6d U 68 mllcki^ 



NEW YORK-HICKSVILLB AND COLD SPRINQ, 
Length of Roao — Little Valley Creek to tlie boundarjr line of Pentia. 03.16 miles. 

The New York CiUj and En« Railroad Company was orgtmized iindi^r the J 
generiil railroad liiw> and filed articles af aisaociatioQ on the 12th Marchyl 
1852. The work of cont^tniction was commejiced in MaVj 1853, and con-| 
tinned np to the Ist JannarVi 1855, when it was suspended, and huH not yet 
been resumed. The time in which the road was to Imve been conatructtMil 
having expired, an act for its extenjriioii was passed in Jainiary, 1857. 

B El A RE Capital — Authorized, $750^000^ in 15,000 $50 sbar^, 
Paid in, - $352,741, on 7,520 « 

Pl'nbeb Debt — $14,0<>0: described a.s foHowii — 

IbI MorUjdife^ 1 per i'ent, coupon bonds .^^, $14,000 

— datini 1st Feljriiary^ 1854, and payable, principal in 20 years, and coupons 
semi-annually, 1st March and 1st Sept., at the Merchanta^ Bank, city of 
New York. Total provided ic>r in the mortgage 8750,000, 



Floatino Dbut — $28,71 6» 



Co»T OF Road AND Equipment — ^2S7,ii57 : in detail as follows — 

Gmdluftiioa find ma^nry '-*"$193^543 t Lai>d, lucid diami^^s and feQcet t?3,l77 

Bridges » • 4,49S j Kngine«ringj ag«Qcius And office erpemtes 25,351 

Suporatrticttiftt • 13,783 J Inlarort, Bulfijiei and GontingeDcieB^ etc • 22,357 



I 



Statement of Cost, Yearly. 

1852 t4J75 I 1854-- -f'^39,7t>6 I 1S56 *-«269J28 I 1858-- mSXin 

1853 27,43i I 1855 264,7:43 1 1857 . • 269,729 | I B59 287,357 

Since the above sketch waa written the Erie and New York City liailroad 
has been purchased by the Atlantic and Great AYcstern Railroad Company 
of Pennsylvania, and is now being constructed by that cuntpany, and is to 
form a part of its line. It is exjiected to be completed to the boundary 
line of renusylvatiia the present season. — See Alimdic Great WcBtern Mmlroud 



GENESEE VALLEY RAILROAD. 
{Sh Avon, Omenfo and Momit Morris Railroad.) 



HICXSVILLE AND COLD SPRING RAILEOAU 

{Fituincial ^ear endirt^ S(Hh SepUmher, 1859.) 



Board of Directors and Officehs, 1859-60. 



Clrarks II. Joaes. 
Sol onioa To w a stind , 
John D. Jones, 
Thomas F. YuungSi 



Eilwnrd Willis, 
WUlet Robhins, 
Walter R. T. Jones, 
John 4L Jones* 



Charles B. Moore, 

Saaniel A. Jone>i, 

t^harles 11 owlet, 

Saiaucl W. Jones, 

John 1L Jones, PreHdent * , , New York, N,1 

John D. JoMKS, IV«Mt*rer , , •* « 

PmivciPAL Office ., ... .No, 104 Wall street, New Yori Citt, N.Y. 

Lenqth or RoAD^HicksviIle to Syosset 4.00 miles* 

Second track, ineludiDgr sidiaga, 0.16 mile. 

RoLLTHQ Stock. Sujiplied hy Long Island Railroad Coropanf* 




KEVV YunK-Ill D30N AND BOSTON, 



257 



The irichmtk and CM Sprlntf Railroad Company was chartered on the 28th 
Jane, 1851, and was first arguuixuil ou the 3d November, 185B* Articling of 
ftfsociatioQ wtire hlud tm ihe 7th Nu%'einber follcn^ing. ThiS work of eou* 
fitniction was cotniiienced hi the fall of tfie t^aine year, and the road com- 
pleted and opened for |»iibhc U8e from liickaville to SyOHi*ct, 4 miles, on th« 
1^ Juh\ 1>^54, having been prevUnii^ly liiu^ed in per|>etuity to the Long Island 
'Bailroad Company, at 7 per cent, on itti cost. The road is designed to be 
oontitiued lo Cold Spring, about 2i miles further. 

SitAEE Capital— Authorized, $2oo,0i>f^, in 4,OllO §50 shares. 
Paid in, - 6'J7,S20, on 560 ** 

FcNDED Dest — $lT,19(i; described as follows — 

\d Mm^age^ 7 per cmt hondM ^, _817jl90 

—dated 1st March, 1855^ and payable^ principal in 10 years, and interest 
senji-aanualiy, Ist March and let Noveraoer, at the Company's otfice, in New 
York City» ^_^_^_____ 

Floating Bkbt — ^$252. 



Cost of Roau, btc. — $45,263 : in detail as follows — 

QnulvAtbi) antl Dnuonrj- »*.•..-••.... 96,690 t Liiod, l&nd do^mngui and feaoea* 

SiperiLrUiCfurc, iacludiDg iron* ••■ 34,i5U | Eri^^iuuu ring and ugoaoieS' 

» lutd ciijf tioa**f, *hopa^ oCo. 660 | 



* 661 



HUDSON AND BERKSHIRE RAILHOAD. 
{Sm Hudmn and Bosivn liatlraad,) 



HUDSON AND BOSTON RAILROAD, 
(Financial ymr mdinri 30 /A SepiemheTy 1859.) 

Board of Directors and Officers, 1869-60. 



Cbertop W, Chapin SyringpU, N.Y. 

Aawa Phelps " '* 

HtnrfGmy " " 

J'illiiun 0. Swift- ..•..,. .Boston^ Mims, 

Tbointo W. Olcott Albany^ N.Y. 

'fixJOite L Green " " 



Hamilton Harris Albany^ N.Y. 

J. ILKinp.- " " 

.John H. Reynolds " « 

II. H. Babctick " « 

.].V(, Fairfield Ht^d^mk^ « 

Kiljan Miller '* ' ** 

6st»RG£ H* Power, Preaidmi and Stiptrintmdent, ...•.•..•.«••• .HudMon. N.Y. 

S* FairbaKC^ Treaaurer, ,, .Boston, Mu^. 

^wscrpiL Office UudsoNj ColufMa Co.^ N.Y. 

"■ifTH OF Road — Hudson to Clmtbatii Ftmr Corners.. .17.33 miles. 

Second track, including siding^^ etc., 2.62 miles. 

BoUixo Stock — Locomotive engines 4 

Cira (S'Wheels) : — Pa«^«ienger, 3; ha^rg^ngc and mail, 3 ; freight, 47...... • 53 

Th« ffndstm and Boston Railroad Comptmy h successor to the Hudson and 

fi«fk«hire Company, which was chart eivd in 1828. The construction of the 

^Joadwns commenced in 1^35, and the road opened for its entire distance 

tttom Hudson to the State line of Massachusetts, a dii-tance of 31 j miles, io 

33 



358 



NEW YORK— HUDSON AND BOSTON. 



September, 1838. It was originally constnicted with a flat rail. On the 
28th April, 1840, the State mmU u loan to tht^ Cnm|iatTy of $150,000, taking 
a fii*8t mortgugu on the road fur security, Tire Company being' still embur- 
raBsed, the I^egiHlature, on the 14th December, 1847, authorized it, in cuae it 
would raise from Btoukholders and expend in relaying the road 850,000^ and 
that no additional indebted neas should be created on account of material 
delivered, labor performed, or money advanced, the Company mi<?bt rssue 
bonds secured by a mortgage on the road to take precedence of the lien in 
favor of the State to the amount of $175,000. These bonds were made 
payable to the State Comptroller, and countersigned by him, and then issued 
find HoUJ, The Company failing to pay interest on the State loan, as well as 
on it« own bonds, the road was sokl by tfcie Comptroller, for the benefit of 
the holders of the Company '« bonds to the Western Company of Massaehu- 
settH, on the 2l8t March, 1854, for the sum of 8155,000, the loan made by 
the State proving a to til loss. Since tlie purchase that portion of the road 
between Cliatham und the State line, a distance of 14 miles, and luyiog con- 
tiguous to, and nearly parallel with the Albany and West Stockbridge Rail- 
road, has been abandoned, and the western portion has been reconstructed. 
Although owned by the Western Railroad Company, a separate organizatioti 
is maintaiued withiu the State of New York. 



Shark Oahtal — $175^000, io 1,750 $100 shares, (all paid in.) 
Funded or Floating Debt — Kono. 



Cost of Road and Equipment, etc. -*8 17 5, 000: in detail as follows — 



Graduation, majttnry ntnl brtdlg^e $8f>,000 

Sapentruciturc, Inul uding iron • 40,000 

Stations, buildings und fiirlnrea •* h^WO 

Engine mod ear bouj^ett, ftbupa^ «U)< 6,000 



L«nd^ liuid damages and funcoi' 
LoeoiDotivM nnd snow ploaghl** 
Pfuia«og«r and huggngfl cars- • • * 
Freight cum • - - » 



. 12.000 
3,000 



S§eeip(i 
PaMenger eRmfagt 
7r«ight " 
Other soiipoet ■ 



Income Account for th» Yeau kndinq SOth Sei»t., 1B59, 

Dijtb n r»cnu Ills — 



.tT4,6U5 
bl5 



TrtintfTH>rtiition c:tpenjofl« 

Dividend 6 por cent 

Surplus fund" 



1,498 



nil 



Total-- "-■- i63,80i Total ...,..., - ..§63.903 

The general accounts of this Ci>nipany are made up with those of the 
Wtjstern Company of Massaehusetta, tphich ies. J 

Cost, Earnings^ Expenses^ etc, Ykarly. ■ 

— OroM Etimin|[fs-^ ^ Optimting Net ,r— DiT— » 

Pa«f'or Freight. MiLi If, eto. TotwL exponnop. E^mitigs. $ F>4i. 

f24,OO0 «n,029 
2i,D00 12,939 

9,442 

6,337 
4,111 
19,825 
13,692 
25,B4S 
26,466 
lU,2t6 
U,063 
]U,840 
11,999 



Ye«r. 

1&44' 

ia4&* 

TH46. 
1847. 
1848. 
18t9' 
I8l0. 
1861 > 
1862. 
1866 
1B5«* 
1868- 
1859. 



OtMltof 

Bond, etc. 

8&75,G13 
675,013 
675,til3 
675,613 
807,774 
619,631 
821,331 
823.331 
621,331 
175,000 
175,000 
175,000 
175,000 



Mile 
age. 
31.50 
3150 
3150 
3150 
3150 
3150 
3150 
3150 
31^ 
17 33 
1733 
1733 
17.33 



•9,088 

8,367 

8,237 

6,782 

4,601 

13,112 

14J72 

19,194 

17,204 

9.929 

1808-2 

13,054 

14,805 



r25,94l 
27,672 
28,605 
22,056 
10,719 
24,316 
25,269 
36,051 
31,240 
34,944 
81, (KW 
42,910 
46,123 



400 
1,000 
1,000 
1,000 

776 
2,243 

875 



$36,029 
35,939 
37,042 
28,837 
15,320 
37 .827 
41,041 
66,243 
49,444 
44,873 
99,868 
58,207 
63,803 



27,600 
23,500 
11,209 
18,002 
27,:i49 
:*0.403 
22,978 
34,647 
88,795 
47,367 
51,804 



10,500 6 
10,500 6 
10,500 6 



13 jrt- 7,099,050 35282 167,227 438.947 7,294 603,468 
ATer^. 5'46,0Bl 27.14 12,094 33,766 661 46,420 
KoTB* — No report« were m«d« for 1853, 1854 and 1857- 



430,6^4 
33.127 



172,614 
13,293 



31,500 
2,423 



U 




NEW YORK--nUDSON BITER. 



259 



HUDSON RIYER RAILEOAD. 
[Fmaneial ymr midnt^ 30^ A September, 1859.) 



Board or BiREcjoitii ani> Offjckrs, 1859-60. 



.!few Forit, N.Y, 



D.tVatK-. Trt^y, N.Y. 

Junes BcK^niian New Yurk, ' 

Sdrtrd JoDOA ** * 

John Divid Wolfe « * 

Willitm H. Hayes « ' 

Henrf A, Smylhe " ' 

SiKuiL Sloan, FrMidmd .Brooklyn, N.Y. 

C. 0* ClarK£, Treamirer, New York, " 

A, F, Smith, SuperinUndctd " ** 

PmcrpiL Office. No. 68 Warren street, New York City, N.Y. 



Ja^%. Bciornian Jt^linston. 

E. IL Miller, 

Robert P. Getty. Ymkers^ " 

Wi] liftin Kelly RJtinebeck, •« 

Era-stus C^trning. ......... ^Albani/, " 

E. M- Gilbert... Utim, « 



LiMoTH OF Road — New York City to East Albany 143.72 mile« 

Second truck and Si^linps* .,..,...♦,.,' 10fj,50 " 

I^eoHd Road — Troy and GretMibii^k Railroad .••..... 6.00 " 



BoLtiHo Stock — l/ocomoti ve En jri nes ......•...•...* 67 

Pii«enger (8-w)ieel ) cars*^ l^t class 98 

Paft»enger (8-wbeel ) caiis, 2d class (eraigrant) , 

Ba^age, niiul and ex|)re8i4 (8-wbeel) cars.. , . 30 

Freight (8- wheel) (jars 511 



The UtidMnn Hivtr Jtailrmd Cmnpamf wna chartered on the 12th day of 
May, 1^4G. The firs<t section, extending from the c\iy of New York, 53 
Rifles north, wiis pluced under contract, on the *20th of July, 1847 ; antl to 
^'►«ghkeei>6ie, *jn rniles fit rt her, in April, 1840, The road wii8 opened to 
f«^kMkill, 48 miles, on the 29th of 8ept., 1849; theni^e to New Hnmbnrg, 
*1 miki*, on the Gth of December, and to Ponghkeepsie, 9 miles** Hist De- 
emlicr, 1849. The divitiioD north of Fon^bkeopsie Wiis put utidor con- 
^lin 1840, and opened as fellows: — From Albany to Hudson, 2S miles, 
Withe 16th June, 1851 ; from HudM)n to Oakhill, 6 iiiibjs,on the 7th of July, 
1^51; from Oakhill to Tivoli, 10 miles, the 4th nf Angust, 1851, and on the 
3d of Oct, 1851^ the entire line from New York to East Albany, 144 iiiiiea. 

Sham Capital— Authorixed, $4.nf)0,0(W), in 40,000 $100 shares. 
Paid in, $3,772,003. 



FcjfDf D«nT— $8,842,000 : m detail m followa — 

UUori^n^t, Rtfftntered hmd4 ,... ^.„. .$4,000,000 

*^f these, $3,800,000 bear eeven per cent, and $110,tN>0 six per cent, in- 
teftut Of the f^even per cents., $1,054,000 were ksucd Ist Feb, 1849, juiil 
anr payuble l«t of Feb., 1800; $l,9:j6,00il, is^ned l«t Feb., 1850, payable 
iK Fek, 1870, Tlie $1 10,000 flix per cetita, were dated Int An^unt, lH40, 
tnj art* j>iiyablo Ist August, 1869^it^tere8t on ail the Lsu^ues payable half 
party, from their dates, in New York, 

^Mf^rifo^n, 7 pt^r cfnL Registered hondjt^^ . $2,000,000 

— <i^»ted lOth Dee., 1850, nnd payable 16th Dee., 1860; interest payable IGlh 
of Jiinean*! lOth Deeernber. 

It i» now proposed In extend these honds nntil the Ifith of Jniie, 1885; 
^f Aeelfl of coujKJns, covering the period named, to bo isii^iied. For tht> 



260 



^'EW YORK— IIUBSOX RIVEE. 



■3 as 

i 



retirement of these bonds, the Oompanj have established a Sink lag Fund of 
^30,000 atmually, eommcncif^g with De<-.. 16th, I860, to the IGth of Dt!C.|™ 
1884; the Sinking Fund t<^ be invested in the bonds, (the interest on inH 
Hame to be annually paid to the fund,) to be [mrclmsed on pnbUc tenders for 
their sale, but not to he purehused iit a greattir premium than 5 per cent If 
they cannot be had at tins rate, the 1H75 bonds to be purchased. T!ie Com- 
pany reser^^e to themselves the right to purrhase such bonds of this class as 
may be outstanding on the IGth of Dec, 1.H74, on giving three months 
tiee of such intention, and on the paynient of a preniiura of 5 per eeet. 
yond their pur vulue — thti liolders also having the right to deiiiand a 
deinption of the boadis 11 1 par, at the same date, on giving a similar notiee 
thi; Company* 

Bd Mortgage^ 7 per cent. Regidered honi-s .^. 81 ,840,000 

— dated 1st Nqv., 1854, and payable let May, 1875; interest payable 1st of 
May and Ist Nov., in New \ ork» 

Comer tihlf^ 7 per cent coupon bonds ., ^. - , ,^ (1 ,002,000 

— dated 1st May, 1852, and payable 1st May, 1867 ; interefst payable let of 
May and 1st of Nov., in New York. 

The interest on all ehiBses of bonds has been regularly paid. 

Floating Dum — $414,054, wliich ijickde« bills payable and special loans, 
etc., payable at various periods* 



Cost op Road and Equipment — ^$11,388,279: 



Graduation and masonrj* 

Bridges - * 

jSuperatruclure^ indtidiniB; iron, •■• 

Stations^ buUdingn and fixturod, engine and oar 

miLchincry, etc — » * • * • • 

Lund, luiid-duwai^eA and fenc«s^ • • » • 

LoGomotivfid and HxMiros, and snow plougha* •< • 

Panieng«r and bnggnge curs - 

Freight and other o*ra • • • * * 

Engineering and agcnclea ...»»- 



shops, 



in detail as fohows 

186B. 
- •6,306,&76 
'^62,306 
2,239,782 



Total - 



* 887,3S4 
5^,103 
265,121 

. 707,918 

^•11,328,989 



1869. 

•§,361.100 

263,205 

2.239,782 

744,765 
899,046 
636,103 
265,323 
380,946 
707,996 

811,388.279 



Income Account por tub Ykar Ending Sept, 30, 1859, 



Balance of Income 1868 • > t59,230 

Puflfengors - l,079,6«il 

f reigU ' 731,821 

Mails, etc •••• 50,593 



Total.. 



.11,921,305 



Mttiatcnance of road .*..«•,. "\$ 

Mnt^\mry 1. ^ 

Ct«sttif fuel H,07B,54t» 

General expenses *.<..... J 



Paid Interest 

Balaooe of eaniiogs 

Total 



l>r. 



Genbral Lbimser Balance Sheet, Ist Oct,, 1859 



Construction, real estate, ete • 

Eqaipment .-..■•-. • 

Fuicl ttiid m»terials 

Other ilems - . » • * . . . , 

Cash on hand "■ • • ■ • • 



»|ll,074,e82 

. 1,732,817 

. 261.244 

249,065 

23,623 



Total* 



<913|36i,6;jl 



Share capital. •«• • 

Ifll Mortgage BoodS' •«•-•• 
2d '* " *...*.. 

3d " « 

Convortiblo '* 

Flouting l>ebt' ■- • *. ..... ^i 

UnniJju^tcd accounts- . •* • ■ 
Daluuce of income aoeonot 



Twtol. 




NBW YORK— LAKJS-ONTARIO, AOBURN AND NEW VOEK. 



201 





P CoBT 01 


f BoABf Earnings 


, ExPENBEd, ETC.| 


Yeahlv 








Ca«t of MU«>*. 




m^flmaw Ph 






OpontiDg 


Earug'g,^ 


-Dir- 










Tear 


Ruuil, ^a. of liaad. 


FMXwa'r. 


Freight 


Muila.etc 


TwtaL 


6]t[>QUJieg. 


lets exp. 


p. c. 


XBi^" 


$5,04)3.675 66,09 


931,037 


g.... 


146,301 


$77,338 


r26.093 


651,245 


nU 


1950** 


6,666,661 74.71 


262,&95 


1S,B75 


6,490 


277,6^ 


167,393 


110,277 


" 


last** 


9,a05»5Sl U3T2 


36t,6.i4 


37,ti96 


6,Bt)0 


405,549 


336,226 


69,324 


ti 


l©2.. 


10,527,654 HJ72 


792,396 


236,805 


44,457 


1,063,659 


724,&76 


338 7 82 


ti 


1853» 


n,730,9i>l 143 72 


935,627 


312,004 


44,205 


1,291,636 


919,253 


373,583 


(1 


IBM-. 


I2,39i,363 H3J2 


I,2i7,3(f7 


464, MS 


52,534 


1,753,996 


1 ,298,8 IB 


455.168 


a 


1865.. 


12Ji7,6^ Hi 72 


1,2 i 3,970 


565JI7 


32,400 


1,812.087 


1.20^.141 


603,946 


ti 


18661* 


I2,8f)2,527 143.72 


1,101,475 


724,018 


90,217 


1,905,710 


l,2.i9,573 


666,137 


" 


m?.. 


11.283,019 143 72 


1,132,319 


716,600 


53,903 


1,902,927 


l,2l:i,947 


688,930 


il 


1^.. 


n,T28,939 143 72 


1,042,366 


544,369 


69,177 


1,656,412 


1.041,773 


614,639 


** 


1689'* 


11,388,279 143 72 


1,079,062 


712,3^2 


50,582 


l,84i,626 


1,078,530 


764,096 


M 



1116,216,590 1,434.28 9,170,903 4,331,710 
Aw. 10,474,235 130.39 633»719 393,792 



487,071 13,989,689 9,253,612 4,736,077 
44,278 1^271,789 841,237 430,552 



niL 



A, 11. Goss Auburn^ NX 

Elmore R Russ - " ** 

Adam Miller. .••,iVew York, " 

Ki chard Steele " " 

Lyiimn Murdock • • . Venice^ ** 

Hiram Tim. " « 



LAKE ONTARIO, AUBUBN AND NEW YORK RAILROAD. 

(Fimincial^ear ending 30^/* September , 1859.) 

Board of Directors and OFFiccas, 1859-GO. 

[ UitlttTi C. Piatt ,.Ntic York, N.Y. 

Arlim W. Spie:^ ** 

8»miiol R. WelU " " 

Jolin i\ Kiyser • * * • FurfVimfK, '* 

JiTsepb 8L Keen PhUtuldphia, Pa. 

Cliirte* P. Wood .Auhum, N.Y, 

Natiux C, Platt^ Pn^ident and Treasurer New York, N.Y. 

iwmC. Kayser, Gtna-alAffmt " »* 

JiwciHL OrricK. .- Nob, 119 & 121 Njissau street, Now York City, N.Y 

iiiOTU or Road— LHt!e Swltis Buy to Pugsley^s, or 73.84 miles. 

Little Sodus Bay to Humer OLOO *^ 

The Lake Ont^iri^i, Attkarn and New Y&rk Railroad Company was organized 
tiudcr the Getieral Riiilrofid Law of the State of New York, oo tlie 2{ld 
August, 1852. The construction of the road was commenced in the Intter 
part of ihu same year. Tho Compuiiyi howover, sojdq became eiubiirnifciHed 
in it* finances, and in tho spring nf 1855, the road was sohi niider execn- 
tjr>n for the surn of Sli>,(M}Sl The purch:mer and his assjociate^ formed tliem* 
iMilvei into a new conijiany^ under tlie (leneral Laws of the Stjtte, and filed 
artjclts of f;»i*ociation on the 2Jld of May, 185G. The cost of the work done 
by tlie old Ck)mpany, with tlie value of the landf^ pure hatred, and land- 
<&mflj@res paidj wui* $^^92,813, of which S157,442 wan expended on that \iOT- 
tion of the line between Lake Ontiirio and Auburn, and $235,371 eouth of 
AubtuTi. 

SoQth of Auburn, the Company are yndecided whether to adopt a route 
•0 « to connect with the Cayuga and Susquehanna Railroad, or with the 
SjTttcuBe, Binghamton and New Vork RaihM:»ad. 

Funded ob Floatino Dkbt — None. 

* Pov Blot inonlba, t At ibia Aaie thp following iins ineluded in coirt : — I>l»ooiiBt mi bondi *lid 
<i«Bll«Wm», ie33,374 ; ItitorMt sofip nml inu-ie-t pud, f 742,492 j ftDd contingenoies, t2t?9 422— 
>*!, 11^^288. Tb«io Are omittt^a m 1957 uotl BuU8U(|ueDt jcan. 



^m 



3 



2(32 



isEW YOEK— LAKE ONTARIO AND HUDSON RIVEH. 



Sharb Capital— Authorized, 81,500,O00» In 30,000 $50 shar^. 
Subscribed, 3ilO5,50O, ia 2,110 §50 ehares. 
Paid IB, 875,77 L 



Qbneral Lkdger Balance Siiset, 1st Oct., 1859 

Dr. 

Bigbt of way aod road-bod •15,674 

Omduution uDd tnoaonr^ • 45,174 

Saliiry account- » 7,152 

£Qgiri«<]riug aaJ ongineer'a dopartment. 10,182 

Expun^o Account, office - ... * 1 ^&07 

Tmvelinp - • 2,745 

Bill« rt5cuivublo oa h&ad.* ■■>>>*«» 6,201 

GeotiTAl «xpea0oa. -■. 3,327 



Total- 



» ril,96'? 



Eec«iTed on fotworiptton itock" ...... <*S84,l5t 

Due Donlraoton Id alutik .• .* b,6S8 

Da0 trauturer •••<*>••• - 1,113 



I 



Total* 



> 991,962 



Yoar ending, Coat to Old Co 

30S«pt,, 1853 * •169,842 

" 18ii4 - 324,856 

IDoo, 1654 392,813 



Cost of Road^ ktc, Yearlt, 



Year ending, Ooit to Kew Cou 

30 Sept, 186G.. -....-... «35,ff72 

" 1657 42,666 

" IQ59 74,201 

1859 . 85,761 



LAKE ONTARIO AND HUDSON RIVER RAILROAD, 
{Fi'rMnemi ^mr ending 30M Siptemher, 1859.) 



George Fowler New York^ N.lf , 

L. R, Ly«n •.*.-..- hymmiaUt " 

Benjamin Brandreth, ., •••i^in^ 5r«^, " 

Georgo TibbetU.,,. ..,.Troy^ " 

Jobn B. Mills PetkskiU, '* 

R. 8peir. .WW MUtou, « 



BoAai> OF Directors and Offrers, 1859-60. 

Jfttnea 8. Libby, - New York, N.Y. 

'E. C. Hamilton.., '' '' 

Truman Stnitb " ** 

W. aH. Waddell « « 

Henry Stiinton. " «* 

F.Nf Benedict *< *' 

JoJiN R, Brioos, Prtgidtnt .,.•.. New York, N.Y. 

E. I>. Sax TON, 7>ea*iiref afwi &cre/ary, », •..•-. ** " 

Principal Office No. 20 Exchange Place, New York Citjp, N.Y. 

Length of Road — From Sftckott*s Harbor to Saratoga. . - , , 182 miles. 

The churtor of the Lah Ontnrio and Iliidmn River (originally the SackettV 
Hsirbor and Saratoga) Rmlroad Company was granted on \Me lOih April, 
1848. The Com|)atiy wub first orgiinized on the lilth, and tiled articles of 
fifieoeiation od ttio 2'dd Feb., 1852* The work of construetion was comnjenccd 
iraiiiediately thoreaftor, bat has been BU^pondtjd for two yeitrs past No nor* 
tion of the road him been completed. The expenditures have been mai" " 
chietly on the southern portion of the line. 

SiiAttK Cafital— Authorized,* 86,000,000, in 60,000 $100 shares. 
Bubecribed ,t $5,461,100, in 54,611 ?100 shares. 
Paid iu,t $2 J 15,186, 

Zand owned ly ihe Company, — The Company owns certain lands lying chietty 

* Aulhoriiod by cbarlerf2,l3O0,tX)0 j »uba€»(|U©iai7 inoronaod to $6,00(^1,000 under aanctioii of G«B 
enX hum of 2d April^ 1850. t Int;ludinjf Wl jurr ctvut on 24,0OU aburtsd^ bciujj port of f2.5O0,QU0k 
coDiidoratioQ Alluwed to lute oontmclorB for ttic> surrender of tiioir cotttraot^ mid the vubftliinUcA o( 
another 





KKW YORK— LEBANON SPfilKGS. 



263 



in the eountleB through which the road mns, to the amount, it is represented, 
of 500,000 ^icres. ^^ 

FiTXDRD Dkbt — 7 pereerU, coupon b<ind». .... ... $4,000,000 

— dated 12th Sept, 1854, payable Ist Aiiguat, 1879 ; interest payable 1st of 
Feb* and August, in New York. Of the boadH about $1,000,000 have been 
sold, and a portion of the balance hypothecated for the floating debts of the 
Company. 

The bonds also constitute a mortgage on the lands owned by the Company. 

?ri>ceeding8 have been instituted and are now in progress -for the foreclo- 
sure of the mortgage. 

Eloatino Debt — Amount not known. 



Cost of Con'structiqx, btc*^ — $3,075^858^ including proportion, (char^red to 
tlie several accounts), of $2,5(10,000 allowed to contracUjrs by rof^olution 
ef tlie Board of Director, for surrender of contract for building and 
equipping the road : 

OndBBtJiuo Bud maaonry.' • * 12,231,930 Locamotlvefl, fixturtia^ mow plouglii «* 

Bridfiog. * 161,869 ~ 

SapnivtructUT^^ iaclading Itod B3i,SdO 

SUAiobi, biuldinga, ete'«--** 51,570 

lfB4 iod Liad-daiiiftg«s 59,377 

I>tiO(i«Bl OB boadt 



Piuijiutigur atid bugguge cats • 
Freight and baggngo etkn. 
Eni^ineering And ttg«nciei 
Iiitvrcat ....*.-*......... 



•64,460 

aoe,49o 

154,080 

8(),6i9 



No report has been made of the operations of the Company since 1858. 
lifi coadition of the Company has not, in the meantime, materially changed, 



LEBANON SPrUNGS RAILROAD. 
(Financial ye^r ending 30^A Sepimnher^ 1859.) 

Board of Directors and Officers, 1859-60, 



JoluiHMT»er*...., Ntw Fo/*^, N.Y. I 

S.M.BlAtchfof<l ** ** 

Stmuel J, niden " " | 

RmwIIC, Rtwt « '' j 

S^mnetll. Cornell ** " 

Ot'UTcnicur Murris MorrUanici^ •* ' 



Gec^rge Barker WuU^iier^ N, Y. 

Mos.e.s Y. TiMtiii Nm LAanmi^ " 

B«nj. F, Mi km, Willlamstomi^ Maaa. 

Sylvanus Carpenter ., ^Stephentown^ N*Y» 
Sanjuel Wilbor. ..,•..,.... Chatham, " 
Jumes L. Stack, Jr, *. «, ^Bmnintfton^ \t. 



lUnar S. Blatchford, Fremhnt • , New York, N*¥. 

ftoMitLL C. Root, Treajurer mid Secretary , , ** ** 

OnicE , No. 22 Njimau street, New York City, N.Y. 

l^^aru or Eoaj> — In New York, Clmtliam to State Line. , * • . . 22SiO tiiilo*. 

In Ma.K-iacliujiett^^ *,,,.,, , f»,i H) ** 

Id Vermont, to Bennington ,.,*»,.«*. 1 3.50 " 

Thfi L^mum Sprmff^i Railroad Compani/ was organized imd«r the ^neral 
k^Wof the State of New York, and filud articles of asHociution on tho 2511^ 
March^ 1H52. The construct itui of the road was conirntjnctjd tlie «arnti yiiai\ 
an4 «u?<pended in 18r»4, since which it has not beon retmined. The nri^iunl 
charter provided for a road to Lebanon Springs only; bnt in l.Hrj^ tht^ (!rnn- 
pwiy wiia authorised to extend the rosid through Massachusetts iukI VerintJut 
tofiunDington, to form a junetinn with the Western Vernioiit Uuilroad. 

SuA&l CiHTAL— Authorized, $500.000» in 5,000 glOO nharofl, 
Subscribed, 8400,000, in 4,000 JlOO shares. 
Paid hi, $100,728. 



264 



NEW YORK-LE\VIST0N. 



PpjruED Debt — 893,600: let Mortgage 7 per cent, bonds — ^issued 1st May, 
1853j and due in 20 years; iritorest payiible iRt May and l3t Nov., at 
New York, The interest has nut betjn paid for several years past. 

Floating Debt— 88,602. I 

Cost of Constrpction — ^8824,548 : in doUiil as follows — 

GrRdnation and mnsonry fiTSJSO I Sundry «sppDfl«i ..••• 

Lnad And larnl-dflmfl|re» *• .. 15,961 j isuapcosfi Meoaaat 

EngLDDerixig and agouulea •.■>...'.» 



*tl4,669 

* 347 
. 1S,101 



LEWISTOX RAILROAD, 

(A Branch of the New York Caniral Itatlroad.) 

Length or RoAD^-Nkgara Falls to Lewbtoii. •••......,. G«25 mil 

Cost of Road, etc. — 8854,260. 

The Lewuton Matlroad Cnmpnny was chartered in 1886, and the first eectloo 
3i raik's long, opened for public use in 1887^ at a cost of 827,050. It wap 
worked by horse-power. In li?51 the Company was aulhori^ed to extend 
the road to a junction witli the Buftiilo and Niagara Falls Railroad. T\m 
extenmon waa completed in 1854^ and the road leased to the New York 
Central Railroad Company. In 185;> the Company waa consolidated with 
the Central, and now forma a part of that line. 



LONG ISLAND RAILROAD. 

{FitumcM year endmij ^{\(h September j 1859.) 



Coffin Colket .Philaddphm^ Pjl J Stephen Coul ter Philaddphia^ Pa, 



Charles Emory, 
Henry L. Qaw.- 
Qeorp© Nettles,* 
Jo«, W. Ryer*s. 
Jf}«. IL Trotter. 



QvoTge h, Willard,--.,CbW Spring^ N.Y* 

CJmrle?! J. Smith . * • Mastic^ " 

TboB, G . Till mage Bnvjklyn^ ^ 

Townsend Jimfs. , , , , , ,{^W Spnng^ " 
Henry W. Ti tna BeilpQrt, » 



i 

I 



WiLLj AM E. Morris, PredderU and Sujm'inttndenl Brooklyn, N.Y. 

W. S. S. RussKLL, TjvfowferaiMf SfecT-tf^ir^^ - " ' •* 

Pm&rriPAL Office - ----„-, -Brooklyn, Kings G>., N. Y^ 

Main Line of Road — Jamaica to Greenport 84.00 inilea, fl 

Branch Lint — ^Junction to Hemp^teacl ....•• 2.50 *^ V 

Total length of road owned by Companv , 86,50 miles. 

Leased Road — Brooklyn to Jamaica, . • • 11.00 

Hicksville to Syos-set, .•,• 4.00 

Total length of road operated by the Company ...101,50 miles. 

Duf/hk Triu-k and sidings ...• ..«•*. • 10.03 

EoLLiNU Stock — T^ocomntive Enpnes •,.•«.,...,.......«.•,•,.,•., ISj 

Piuwen^er (\M-wheel) cur;*^ Ist clasa. -., , ». ...«,•« 37 J 

City Pas^enicrer (^-wliei-l) cnr^^ • • , •• 3i 

Baggage, mti'tl and expre?^ (8> wheel ) ciirH . . * ..,..., 5 

Freight (8-whue]) cars... • ......121 




NEW YORK-LONG ISLAND. 



265 



The Lang hUnd Railraad Company was chartered on the 24th April, 1834* 
The coustr action of the roaiJ was comraeijeed in 1835. In 183fi the Corii- 
pany hju^ed the Brooklyn uriil Juniait-ii Raih*oml^ and in the same year wus 
authorized to construct the Hem pM Lead Branch* The rond was opened for 
pnbhc U8e in sections, viz. :^ — From Jamaicn to Hicksville^ 15 milcB, on the 
1st Muri'h, 1837; to Farminnrdale, 20 miles, on the Ifith Oct., 1841 ; to Deer 
Park, 2f» miles, on the 14th March, 184*2; to Thonipf*on^ HO mile*^, on the 24th 
June, 1842; to Siitiolk, i32 miles, on the 14th July, 1^42; to Yaphank, 49 
miles, on the 20th June, 1844, and to Grconi»ort, 84 mile*?, on the 29lh July, 
1H44. In 1845 and 1846 the Company ran fe^teaniei-B across the Stmiid, ho as 
to form a route to Boston. In 1854 the Ilicki^viUe antl Cold spring Branch 
Railroad was leaaed, at an annual rent of 7 per cent, on it^ value -645/!00^ 
and has since been operated by this Company. The annual rent of the 
Brooklyn and Jamaica Railroad is 833,000. 

The Company proposen to change the western portion of its line by n new 
road from Jamaica to Hunter's Point, (which k opposite 34th street in the city 
nf New York). As an inducement to the change certain jiarties agreed 
to relieve the Company f>f tlie lea^ses of the Brooklyn and Jamaica Railroad; 
th« depot groundfi at the ferry, and to furnish arH>thcr route iVom Jamaica 
to the East River, at Hunter's Point; the Company to abiuidon its present 
route frt>m Jamait!a to Bnmklyn, a distance of 11 miles. The new road is 
9imile^ long, three-quarters of a mile of the old road wchI of Jmnaica being 
BUed. For the new road the Company pay in casli §1)2,000, and seven ])er 
cent, bonds, secured by a mortgage upon it, to the amount of $175,000. 

At Hunter's Point, which is ontsidc the limits of tlie city of Bmoklyn, the 
Company have suflieient water front for all necessary improvements connect- 
ed with the business of t!ie road. The entire improvemeDt here, with the 
lands and water front, is estimated to cost $75,000. 

SaiBB Capital— Authorised and paid in, 83,000,000, in 60,000 $50 elmree, 

FuNDJSD Dkbt— 8636,938 : as fo11ow&— 

liMMor(^m/« {SMe Lotm) 5 ptr cent, coupon hondfi $74,529 

ited 27th July, 1841, and payable Ist August, 1876; interest payable 
let Jan. and 1st July, in New York. The whole issue in this case wais 
81<)U,000, of which $25,471 liave been retired by the operations of a sinking 
fund, to which $1,000 is aimmilly paid to the Comptroller of the StiUe. 

U Mort^a^e, 6 per cent, coupon bonds, . .,.. $500,000 

"Hiated 1st Jan., 1850, and duo Ist Jan., 1870; interest payable tst Jan, 
and Ist July, at the City Bank, Brooklyn, Of these bonds only $447,000 
am outstanding. 

Jfwnj Canal Banl, mih mt^red h Aprtl^ 1869 ,. , ^ $42,142 

—Those bonds have not been paid on account of a controversy as to their 
ownership. 

Did Bmdn pojit drte, hut mf presented , ., $19,698 

BmpUead Branch Loan, _ , , $300 

Cost oj Road A?ri> Equipment — $2,566,270 : in detail as follows — 

OndaatiiOD ftu^ masonrj • ....*.*. . . » . $687,697 
-" ^j 17,296 

ructur«, mdudmg iron » 1,208,663 

\ buUdings, and flitturoji 16,907 

ftod CAT Eottsop, mat'bincrj, oto. 48,729 

24 



m 




Land, land-dam ng«ii, etc • -#t34,B27 

LocomotiTo ftod snow plougbn ^ • • 161,357 

PajMeDgor aod baggwga c«nf, fitiighi 

ttnd other oars • 1!T:1,2B3 

Eaglaoeriog nod ikgeodM • * • * @d,T&0 



m^ 



KEW YORK— MOHAWK VALLEY. 



LvcoMi AcoouNT FOR TH£ Year bsdino SOtu Sbpt., 1859* 



Frolght** — 



••192,847 
» 127,H62 



Totul' 



'1334,195 



Di^ur Yemeni*— 

Opcrttling expeaseai rents, etc.' • §228,480 i 

Eq^uipmeut- - 7,S6€ i 

Intoroct, 133,949 ; Sinking Fund, il,(N}0. 31,849 i 

Real EaUte at lluntcr'a Poiot 1U,B5(1 J 

BtLl&nce to profit and Iobs. - 52,645 

ToUl** * $334,195 



Dr, 



General Ledger Balance Sheet, 30th Sept., 1859. 



( Copatniction •2,566,270 

J)L«cauiit OH f twk sold " 1,1147,285 

. 100,000 

53,000 

17,491 

» 60,S60 

3,056 

57.410 



Share oapital 

Suto L(itiD 

Morris Canal Loan- • • 

Loan of 1830,- ♦ 

Old iMinda piLst dnfl" • 
Bulonco uf «ammgfl.' 



• •3,000,000 
74,529 
42,142 

- 500,000 
19.963 

. 260^06 



I 
I 



SliRTC^ beld by Compony.' 

[ Uumifl of 1850 * • • • 

Ferry Fund • 

I^oans 

Other it«ma * * . 

Cuh balaiic«f lit April, 1659.- 

Total §3,905,072 Total- a3,905,n72 _ 

The Conipuiiy publish no baUince sheet. The above is compiled froiii the ■ 
late reports published by the Company. It probably only approximately re- ™ 
pre.Henti^ the tinuneial eoridition uf the Compuay^ us no atatenieiitr* published 
by it accounts for the net earnings for several ytsan^ 







Cost 


, Earnings, Expenses, etc*, Yearly. 










Mile- 








Ex. 

p«UWfl. 


Not 
Burniogs. 


Bir. 


Yivar 


Coat. 


Pft!ffl*gor. 


Freight. 




Tout 


lf;44. 


11,610,221 


9500 


•143.301 


• 10,155 


s .,.. 


•153,456 


•94^460 


^R,9il6 


nil. 


1845. 


1,753,046 


97 -iS 


147,650 


19,675 


172,909 


340,234 


300 2t>4 


39,970 


%t 


1846. 


1.759,502 


97.25 


142,080 


24,r74 


128,673 


296,727 


351.504 


16,4S]5 


t( 


1847. 


2,027,991 


97/25 


114.647 


37,169 


6,889 


168,705 


142,220 


H 


1848. 


2,037.639 


97.25 


108,954 


43,317 


5,817 


158,CI1?9 


136,006 


22,082 


tl 


1B49^ 


2,091,812 


97,25 


108,6-23 


44,881 


7.611 


161.315 


174.631 


(Lo«i) 


K 


1B50* 


2,191,812 


97 25 


126 667 


52,899 


4,966 


184,632 


174,631 


9,901 


U 


1861- 


2,339,938 


97.25 


132.2H9 


66,486 


4,531 


193,306 


142,867 


50,439 


U 


1962. 


2,446,391 


97.25 


142,740 


57,998 


4,326 


205,064 


186,074 


18,990 


>« 


1853. 


2,478,010 


97.25 


159,540 


64,846 


4,284 


228,b70 


210,314 


18,353 


U 


1854. 


2,518,'i<>l 


101.25 


187,671 


86,176 


23.106 


296.953 


210,354 


85,599 


u 


1856. 


2,555,986 


101-25 


188,981 


103,585 


9,233 


301,799 


224.ii4l 


7H,958 


u 


1856. 


2,555,986 


10L25 


189,034 


102,644 


8,433 


300,111 


248,373 


51,733 


tl 


IB57. 


. 2.665.792 


101.25 


195,083 


116,177 


12,409 


323,669 


244.357 


79.312 


Ii 


185B. 


2,566.270 


10125 


185J97 


121,064 


14,327 


32U,:jB8 


2l;:,074 


107,614 


tl 


1869. 


2,666,270 


10125 


192,B47 


121,662 
1,068,706 


13,666 


334.195 
3,965,410 


228,496 
3,282^6 


106,709 


It 




•36,064,927 1.577J5 


2,466,5U4 


421,200 


672.956 


nU, 


Artt* 


2/254,038 

Sr 


98.60 


154,094 


66,794 


26,325 


247.213 


205.153 


42,060 


u 




MOHAWK 

lARE CaIMTAL— 


VALLEY R 


AILUOAD. 

paid, 81,575,000. 


1 




Subseribed and 


^ 



The Mohawk Vatley Rmfroad Compntu/ was organized under the Genend 
Eiiih*oad i/uw of the State of New York, and fifed articles of aHsoeiution oq 
the 2l6t of Jan., 1851^ and a^^Min oti the :iSth of Dec., 185± The Com- 
pany proposed to L'onetryct a railroad on the HoiUh bank of the Mohawk 
Eiver, between Uttea and Seheneetady. No portion of the mad was ever 
I c^jnstrui ted, and in m53, the Ccim]>any bueame merged in the New York 
Central, the share i-apital being paid, by agreementj to that Company. — {See 
JVW York Vmtrd Mailrmd,) 




NEW YORK CITr-EIGTH AVEXTTK. 

NEW YORK CITY PASSENGER RAILROADS. 



267 



EIGHTH AVENUE IIAILROAD. 
{Finantikl tfear endmtf 30//* St^pUmher^ 1859.) 

BOAKD OP T)lRK€RVUS AN1> (Hrjcr.HR, 1859-60. 
Oliver Cbarlick, Jaofb Hsiys, Frank T. Havs, 

Widiam H. Elays, Guuijtce BiitteniiaUi J<»lm S* Hunt, 

Ed. B. St. John, Jainus MiirpliVT Ed. Vinaiit^ 

Benjamin Nathan, Tiinutliy T^wiiiond, Timothy Duvis. 

GeoRGh: Law, PresuitfU. — John *S. Hunt^ IW'tsnrer. — -Oliviik Uharuck, Su/}t, 
Prii«cipal OrricE, ,,.EiglitU Avenu«^ ccn*. 41>tU street, New York Cirir, N.Y. 

LKXt; TH or ItoAD — Ve^ey street Ui 51)tli ^tretit 4.89 miles, 

Bmiicli IMw hi Cixnal street •.•*,.-.. 0.20 " 

Second track, 4-Hl> miles. Sidii*j^s tijr»i<Mit.% etc., 0.75 miles* 

RoLUKG Stock — 1st clas^ passenger enr**. » ,..,.,.,.,...., 82 

The Eiffhth Armtte Rnilmnfi Comjntnt/ wus organized ntnler the goneral hi\v% 
und tilud articles of aKsoL-iatiun im tlio lUih Juntuwy, 1855, The road was 
i'OuH:ruoltHl ill 1854,, aud came into the hands of the |*re?ient eonipuny ItJt 
January, 1^55. 8itice 1850 the Cntnpuny has not given the items that 
make the total co.Ht of ita investnieui. la the report of that year tiiey 
were stated as foUowa : 



BaiimatI tra^jk, (4,89 iuiIm) 

Cum, <50) -. 

llur*«4 Aod LianieBa -* 



•471,™ 
48,eiH) 
77,500 



Rent e«tat«* 
ToUl - 



•200,924 



- •• 801,924 

Bhaub Capital— Authorized, S800j)lM), in 88,000 8100 shares. (All paid.) 
Cost of Ro^b and Equipment^ — $70y,550 : in detail as follows— 

lOmduatioo, auvnoorj, euperjiructurc^, iron, etc.. ;.*... ., •464,700 

Uutions, t>itiUiings, iDfichinery, luiti fixt tiroa ...*-.... 227.013 

^^hmtmgtT c»ra, horaojt, hanioiu^ etc., *il«i • • ■ ♦ • 67,837 

Income Account poh thk YuAa kndini] ^Otii SupTsuBsa, 1859. 

BeeeipU^ Disbm'tfnunU— 

Pifscugvr oamiagi » • •379,500 



'•37&,500 



Ojwrutiiig oxpomofl • • • 
Dtvtiiojjils VS percent- 
Surplus eartiiu^ . . . . . 



Totiil 



Total- 

G-JSKiSBAL Statemknt^ 1st Ootobeu, 1859 
IV. 

Ccalormad **•• •4B4J40 

I BiiUofu, buildiagi, »nd fixtnrM 2'i7,Oti 

1 PiaMngor c»r« *....».., 57.837 

r idTMilaioiitA • ■ • »....,, 24l,li72 



• •252,971 
. 104,000 
. 22,629 

.•379,600 



ToUl- 



1,011,222 



Shfiro cnpiUil - . . ♦ - 

ArcuniuJiilod Qitrniugfl, hemj^ the dtr- 
forcurc herwoeij th« Dei e«niing« 
itnd dividoiids'i ■■••»•, 



Total* 



Cr, 

•800,000 

211,222 
1,011,222 



CosT^ Eabninqs, Expisj«s«s, kto., Yearly. 



tB56*. 
1857.. 



•flM. 
•601,924 

801,924 
730,924 
756,i4J 
763,650 



Mile- 

6U9 
6.09 

hm 

609 
6 09 



%fU" 3,860, 4fiS 25.46 
Aw»- T72»0Ui 5.0g 



I'nas'gors. 
Carrtod. 
4.311.676 
0,097,299 
(1,629,453 
6."^iB;i03 
7,589,^97 

31^596,727 
6,3iy,J25 



Milea run 
bj Can. 
tt55,0<X) 
1,022,000 
1,023,157 
1,028,142 
1,095,060 



Qnis$ OporAtittg 
1216,684 •132,592 



'304.665 
341,472 
338,400 
379,600 



4.823,379 l,57<*.?ril 
9til,676 315,961 



174,890 
194,383 
177,764 
252,871 

9;i2,^90 
lStJ,493 



Ell rain gi^ 
lett oxp. 
•82,992 
129,975 
147,089 
160.646 
126,629 



^IMt.^ 



• 

•44,109 
96.000 
96,000 
96,000 

i04,cmo 



647,331 436,109 
129,466 57,222 



p. 0. 
6 
12 
12 
12 
IS 



n 



268 



NE^" YORK CITr-SECONB AVENUR 



FOURTH AVENUE RAILROAD. 
((Sm New York and Uarkm Raiiroad.) 

NINTH AVENUE RAILROAD. 

(Financiul ^ear ending Wtk S^pUmher^ 1859.) 

Board of DiKKcrons and Oiptli f.R!*, 1859-CO. 
Wm. IL Hays, Fjui! K. Spdfruni, John Pt?ttij?rew, Jolin S. Hunt, 

Jacob IFsLVs, Samuel Gftge^ Jr., E. B, St. Jolin, William llaclfurd, 

Jamc!^ Murphy, Bi^nj. Natbnn, Fre^i. T* Hayes, Wrn. Searls. 

GEiMiGK Law, PresuUiU New York City, N.Y- 

W. \\, \Ik\^, T^mmrtr , " • 

Richard Ri:ynoli>s* Siiperintendent . . . < " " 

Principa L mcB New York Citv, NY 



Length of Road — Vesey street to 49th street,. . ,...,.,.. 3.50 tniles. 

Second trackj 'SS^Q miles. SidiDg^. turnuut», etc, 0*20 mile. 

RotJjNU Stock — PasisoDger cars, 1st cJifus 28 

The Ninth Avenue Railroad Companif was orgwniiied under the general law, 
and filed articles of aHsncintiijn on the 'l\)i\\ July, 18f»9, The road was (con- 
structed yndura j^j^ntnt Ironi tho City Corponitiuu by a (private eo-]mrtriership» 
nnd pnr<-hiused by tliu cxinting Conipiniy on tht.* 30th July* 1859j for the smii 
of 871-;44(j. This purchase induded alst> the frunehise covering the whole 
distance of the route contemplated to the Hsirlcm River^ about 13 miles, and 
real ei^t^te valued at $^];i8,440i By an act of the State Leglshtture, approved 
Aprilj 1860^ tlie franchise granted by the t*ity authorities? wus eontirnied. 

Share CAPiTAL^-Authoni^.cd, 8800,000, in 8,000 $100 shares. 
Piiid in, - 705;^60, on '' " 

Cost of Koad and Equipjukst, $302,694: as follows — 

Ooilof road •• -§341,194 ] Coftof car* ♦ 



I 



tU,500 



PtoaMnger uarninga 



IscosLR Account for the Ybah m^mNo SIst Dkcember, 1850, 



.$9,622 



Totftl^ 



■$8,522 



Disbu r* an c nU — 
Operuting; u^cpcneMBa- 
Surplui iucumo- - « • • 



Totiil* 



*S5,088 
^ 3,434 

.$8,522 



SECOND AVENUE RAILROAD, 
(Finamyiat j/ear mdifn^ HQth Stpttfmhfir, 1859.) 

Board of DiREcrnRs and Urr iccrs, 1850-(jO. 



Julius Wtpis worth, 
r n el i u -i M cCoon , 
Waldo Hutchins, 
Clinrlos Miller. 



D, M> ITu^hos, I Siilnov SlnHini, 

John O'Brien, [ M. J-'Slieldea, 

Henry Ilenrlricks^ Thnniits Cnuie, 

Gewr^e Ik-! I, | W. V. R. Anuild, 

I>. M. IkaKfts, Pffshieut .\...,New York City, N.Y* 

John O'BiiiF.N, Tfeasnrrr , , « » 

E, S. Dickinson, SHperinleiidtnt, .,,..... « « 

Principal Office Second Avenue, <^>r. 42d street, New Fork Cixr, N.Y. 

LeHQTII ov Road— Peck Slip to tlarlt'ni , , , , % milofi, 

Second truck, fe inile,^ SsidiuijH, turnout etc., about 1 mile. 



NEW YORK CITY^SrXTH AVENCB. 



269 



R(»LLiNO Stock— Paaaenger (4-whed) air«, lat class, 7L Horses, 151, 

The Second Avenue Raihond Campatuj waa ori^^anb.ecl tincltvi' tlie general law, 
nnd filed artidcB of assodatiori on the 21st Jnruiury, 1S53. lii August of 
the mme yenr the n>ad wiit* cdiniileted lor a len^^th olT 8.76 miles, and in the 
next succeeding year llie whule line was liroyglit into use. 

Share Capital— Authorized, «8U0,000, iu 8,1)00 $100 shs.: paid in, $627,200. 

FuKCBD Debt — S350,000 ; described as follows — 

Id Mortgage^ 1 per cmt,^ coupon hmnh . ^$350,000 

— dated Ist December, 1857, ui*d payable, principal m 10 years, aud eoupona 
serai-aimually, l6t Juno and let Deeembcr, in New York City. 



Cost of Road and Equipment — ^l,051,8o3 : in dettiil as follows 



GmJitatiui]^ supcrstmictiire, iron, etu- -$878,196 

StatioD«, bulliliugs aini Bjclures 27,597 

Land, diLiiiitge», et^j- • • • * » » * 36,i9i 



SnoTT- plows, wiigutm, truL'kfl, fjto- 

Piteiaea^or cua» * 

IlorMa • ' • ♦ 



t3,70O 
47,500 
56,467 



LscoMB Account foii tuk Yeau endijco SOtti Skptember, 1859* 



KtceipU — 
OUiM reeeipui" *•♦* 



•fi25EI,I01 
* 3,065 



To<»l« 



<f26'.';lti6 Totiil 



DUb u rse m e nia — 

Opcralinjf oxpecieca 1160,644 

Jwl«re»t 24,&0U 

Dividcod (8 por godL) • •* 6t,&44 

^urplu^ eiirniugB. • 5,478 



<t262,L66 



Gkseral Statement^ 1st October, 1859. 



Dr. 



Cobl of roA<l and oquipmoat ■ 



Total- 



.il,051,S53 



il,05l,8&i 



Share Ciipital- ••■ 

Fuijiltjd Delit 

tlmiLing Debt 

Euruiiiga invested- 



Toliil< 



•b'27,200 

3ae,oi>o 

18,000 
66,653 

$1,051,653 



Cost, Earnings, Expenses, etc., Yearly.* 



1853- '• 
1BS4-' 
18&5>.. 
1166... 
1857** . 

te59>^. 



Coftof 
KuAd, etc. 
t2G4.340 

90i,i<}4 

954,.^83 

1,005,403 

1.051,853 



Mile- 
3.7G 

aoo 

800 
800 
8 0O 
BOO 
600 



Fj!U38*era 
Carried. 



PiuieiUDgoris. 
354,000 $J7,6'^5 



-Clrosj Eftminj^- 



2,500,0'[)0 
3.547,660 
3,367,371 
3,9J^,O09 
4,504,645 
6,182,011 



125,»0I 
172,383 
168,368 
196,800 
225,232 
259,101 



Otiicr. 

2,500 
516 

2,225 
3,U65 



Tiitiil. 

$17,625 

125,901 

174,883 

168,884 

196,800 

227,467 

262,166 



Opemting EftrtitDgs, * — Dir. — * 



$12,099 
103,534 
174,883 
168,884 
196,800 
171,900 
180,644 



lenvxp. 

$5,526 

22,367 

nil 



65,657 
81,522 



$ 

nil 
6,300 
19,000 
nU. 

12,544 
51,544 



4,933,222 5176 23,391,695 1,165,410 
Ar*pige. 704,745 7.39 3,898,616 194,235 



e,30e 1,173,7161^003,644 165.072 89,388 
1,384 195,619 168,107 27,512 14.781 



PC 
nU 

2* 

8 
nU, 

2 

S 



3i 



' A. Jonea, 
Jobn B. lt»ll, 
Fred* Dc Puysiter, 



SIXTH AVENUE RAILROAD. 
{Financwl year endmg 30^/* ScpUmhtr^ 1859.) 

BoAA]> or DiHKtnoJis and OFncEjis, 1850-60. 



G«H>rgu R. Howell* 
SamL 8. Howmaii, 
Wahli* Iliitchins, 



J film Q. Jones, 
William n* Mftcy, 
Chm«. 11* AJiirsliall 



Riclianl Mortimer, 

F. A. Livingfttorj, 

Lorillard Spencer. 



SiDiiCY Mason, President — ^Qtrcx G. VVjlliams, Treamirer — William EflBirr, Supt. 
Principal 0>'rici:» •• .•».*. .Stxtli Avenue, cov. 44tb street, New York Citv, N*Y- 

* Estimated for 1857. Id 1855, 6 and 7 tbe expcci£es are cistimated. 



270 



NEW YORK CITY— TlllllD AVENUE, 



L.ENOTU OF RoAO-'Bruadway anct Vesey street to 40ih street 4 miles. 

Second track, 4 miles. Sidings, tiirTn>nt% etc*, 0.38 mile* 

RoLLiKO S roc K— Passenger car-*, twoborse, 44 j and oneborse, 34 ..•«•-..«... ,78 
Horses, 330, and mules, 140 — total, 470. 

The Sfjcth Avenue RtiilfGud Comptjn*f wiih orgaiiixed under the f^eneral law, 
and filed iirtii^les of awisociatinn on tlie 29tli Dfcember, LS51. Tbe road wna 
completed and opened for public une to 44tli street, 3J5 miles, od the 19tU 
August, 18512, and to it« present term m us in Murelij 1856, 

Bharb Capital — Authorized and paid in, S750,000, in 7,500 |100 shares. 

Cost of Road and Et^urpMSNT — $S77,336: in detail as follows — 

Qradaution imd ina*cniry, pftving urnaot^g, superatructure^ etc- ♦ • * •• "^i59,63l j 

SUition*, cAr houae*, tnaehinc shcipR, imiirhinery rind flxuire* ' 

Pnuseoger cjarS' " - * • 

HonoB, inulea, harness, etc - . , ....***.*.,-* .,..».,», 



iNCostfE Account for the Year kndino 30th Biptesibbr, 1859. 



Receipit — 
Poaseogor eanitiigf * 



Total* 



$323,9&G 



i323,9&6 



Disbursements-^ 
TrAJia porta t ion expenflegi.' 
Di videiids, Vi per ceul.' * • 
SurplMJ! fund- 



Totftl^ 



Dr. 



General Btatemicnt^ 1st October, 1859. 



Omdufltion, Soporatructnre, etc fS59,631 

Stuiiona, iinildinga, Shopa, etc* • * - • ^ • - lfi6,[i:n 

Pwtseogftr Cani' * * • 62,R07 

HoFMSB, Mulej, etc.'-.*- 87,9*j? 



ToUh 



•677,336 



Shivre Capit*!- -*- - 
Enromgi inroBted- 



90,000 
17,271 

•323,956 



•7&O0O0 
127,336 



ToUl- 



♦577,336 



YtT. 

1853-. 
1854-* 
18&5" 
1856. • 
1857- 
1BS8.. 
165d«- 



Coat of 
Bond, &IS. 
•767.644 
774,BG0 
7Pti,657 
823,654 
855.957 
855,959 
877,336 



7 rre. J6,73l,765 
ei8,8i3 



Cost of Earmnas, Expenses, Et 

Mile- Miles rua PfuiBcagera Urtmia 

•go- bj Curs. CutiimI. Eiuming^. 

376 &71,25& 6,120,500 1233.651 

3.75 871,255 6,196.581 248,861 

3.75 871,266 4;i37,5e3 212,456 

4 00 869.605 4,757,108 237,855 

4 00 950.672 6,240,978 262,049 

4.00 950,572 6,612,357 280 616 

400 1.433,000 6,479,127 323,956 

27.25 6,837,414 36,642,736 11,799,346 |l,22J,24l •579,105 •438,750 

3.89 976,773 6,234,677 267,049 174,463 8i,5B6 62,678 



Op<?Tfiting BArtiinga 
EsLpL'tnnes. 1(;k» exp. 
• 157,465 «76,0eG 

ie[*,840 

166,234 

150,731 

162,060 

778,226 

216,685 



68,021 
47,222 
77,124 
99.9?*9 
]02;392 
107,271 



Am' t p. c 
•52,500 
62,600 
26,250 
67,500 
75.000 
75,000 
90,000 



7 
7 
31 

9 
10 
10 
12 



St 



THIRD AVENUE RAILROAD. 
{Fttmneial t^eur mdififf Wih SepUmher^ 1859.) 



Williaai Hem sen, 
Henry K, Henisen, 
Henry Ilart, 

♦Samuel Jaudon, 



Board or DmF.cTORs asd Officers, 1859-60. 



Mflltby G. Ijine, 
Peter McMartin, 
Jr,bn B. Iktbby, 
Wm. J. Valentine, 



William II. Webb, 
Gportre G. Waters, 
Clarksoii N. FNitter, 
Wilson G. IJunti 

Wm, a. Darlini*, PresidmL — Saml. B. Isaacs, Secrrtary — Wm, H. SciiENCK, Snpt. 
PaiNCiPAL Offick.,, •Tiiiki> AvKNtTK, bet, 65tb and OGtli st,, Nkw Yohjc Citv, N.Y* 

Length or Rqai> — A«tor House t^j Hnrlerii ,♦,...- 7,05 miles. 

S«€und track, 7*95 miles. Sidings, etc., 0.5G mile. 



XEW YORK CITY ^TinRD AVEXCR 



271 



RoLLniG Stock — l$t class passenger cars, 95 ; freight cars, 2 07 

The ITttrd Av€niie llailroad Company wiig orgunized under the gcnerul law, 
and filed articles of ai?€ociution on tlie 8th October, 1853. The road waa 
built from the Astor House to 86th street, a di«tunee of 5.87 rnile!*, by a 
private co-partnerebip, under a grant from the Corporation^ dated Hi Jan.* 
1853, and was sold to tije present Coinpuny in October, l8o3, for 
»1,170,000. In 1859 the roai was extended ri\>m 86th street to Harlem, 

SnAEB Capital— Authorized, $1,17U,00U, in 11,700 $100 shares. (All paid.) 

FuKinsD Debt — 1 10,600 : described as followa — 

Iti Morig&ge^ 7 per cent, coupon hondB ^^^..-_ . — .. .$50,000 

— dated 1st Jauunrj^ 1855, and puyable, principal 1st January, 1870, and 
coupona semi-annually, lat January and 1st July, at New York, 
HealEiUde M&rlga^e _.. . __. $00,600 



CoBT OP RoAB AND EQurpMENT^ — $1,664,098 : in detail as follows — 

Pjuwcngor ear»» «Ut ■ ■ * * §24,656 

ExiHDitiuD to Yorkrillo nud Uarlenu* •• 69|1&3 



$1,1X0,000 

239,116 

3,372 



Coit to praflent compAny* 

i^tatioas, biiildiDgB, t*nd, etc-* 
1 ran pavement. * - • • 

Income Account for tuk YKAa 

R^eiptt — 

pMMDgvr ettrninga WSe.TOS 

Other aoiifeei^ » • • • - 4,246 



Tcytal* 



i502,951 



Ending 30th Suptembbr, 1859, 
Tr<inapoilJitif>n • #307,168 

TAWi. nm 

InterMt B,994 

DiTidcnd, OO percent). • 117,000 

Afflotml tu 8urp[ui Fund*! «•«•*• tt n 69,^3^ 

Total • mrt,%hi 



Surplus from 1857-9- 
Surpliifl hum 1858-9- 
BoD'i nnd tunrtgage-' 
Mi«c«llaoeuiia 



Profit and Loss Accodnt, 1st Octodkr, 1859, 



loui- 



116,687 

40,000 
SOQl 



#121,871 



Loans. #30,000 



Hurtoiii Extetution- 
KeDl EffUto**' 

Iron pnvemont* 
Surplus Fund * 



27,2(i6 

4^t»7Q 
6,656 

3,372 
15,707 



Totftl *.. #121,371 



Dr. 



General Statement, Ist October, 1859. 



Cost of Road, etc. to this company-* #1,170,000 
Additional Eiperaditurofl on rood &ad 

Eqaipnient- ■ * • . » -•• 394 096 



Total* 



#l,fi<i4 0B8 



Sliftro CiipitAl--"* * 

Bonded Debt" : ♦...., 

Hi'ttl £jiUii« M«rrtg&ge Debt- *-*••• 

Flojiting Debt •* *♦ 

Euraiiiigs expcadod in cotutritctioii* 



Total- 



Cr. 
#1,170,000 
60.000 
OU.tklO 
25,000 
253,49S 

#1,564,QU8 



Yr 



Cti«t 

55- #1,170, 
66- 1,170, 
57.' 1.170, 

Vi' i;j7e, 

W" 1,6B4, 



of 

\m 

,000 

ow 

,098 



Cost, Eabninos^ Expenses, etc., Yearly, 

Mile- Milos run PiiM'g«ri r-Gro^f Ettrningrfr-^ OjwriitliigKjirninga, .-— ^Dir-— ^ 



<ig<?. by Ganj. 
5-97 923,076 
SB? 1325,350 
5-B7 l,:i25.350 
6-87 !,4»iO,0<K) 
7 95 1,S2BJ)00 



Carrriod. PiuB^gers. TuUL 

6,770,07S r290,0y6 #292.476 

7,131,881 354),594 

8,105.515 405,278 

7,!M5,4(i2 397,271 

9.9HJ01 498,705 



367,429 
419,M2y 
40. 1,055 
602.951 



#217,838 
255,706 
26i,6B2 
242,811 
307 J 88 



l«taa exp. # 
#74,0:18 nil. 
111.722 70,200 
156,337 93,600 
160,244 93.000 
1%,7()3 117,000 



SYti. 6,462,188 3143 6,849,776 38,927,037 1,947.946 1,984,939 1,287,236 697,704 374,400 
Ave,. 1,290,434 6 28 1,369,955 7,785,407 369,569 390,987 257,447 139,540 74,880 



p. «w 

nU, 

6 

a 
a 

10 



6.4 



272 



NEW YORK-^NEW YORK CENTRAL. 



NEW YORK CENTRAL RAILROAD. 
{^Fumncial year ending Wth Septemher^ 1859.) 

Board or Dirkctors akd O^icers, 1859-60. 
Deftn Richmond ( T. Pm.), . BttfaJo^ N,YJjp<TnUii L iScboulcrafl , ^Albany KYA 

Homre White. Syracuse, '* ^ ^Jtfwm^hm 8i>rakt»r. .Paiaime Bndgt^ '* 

Al<^nzf) C. Pai^e. ...... .Schruertndt/^ " ^' Jno^b G<>tilrl .* ttuc/isftter^ ^* 

Nar liHuial Tlijiver. Ho>t<m. hlt^B^ Q^irneliii?* L Tracy Troy^ ** 

Jubn V. L. Tniyn Albaty^, N.Y. |K3barlejJ H. Uus.-*ell Ntw Yurk^ *• 

EttASTUS CoiiNiNri, Pre.ndent, J'. , Albmiy, N.Y". 

John V. L. Prttn, Grneral Comisd and PrtsldaU prv tern •- " ** 

GiLBiiRT L. Wilson, Trtmnrer ami Secretary^ , , ** " 

Chaunckv VianAUD, General Sf*ptriutew.leiU ..., " ** 

G EoRi; t: E. G ii a v^ QiV/ Enffhfer « *• 

S. Dri'Llard, GaienU Freight Agent, *• *'^ 

PaiKciPAL Office , Albant, Albany Co., N*Y. 

Length of Roaj>- 

91 mile*. 



AlbiLny to Buffalo • • ♦ • • * 299 miLei 

Troj to i^elicnocUdy* ..^... 21 '* 

Syracuse to RocliejtU!r, ria Auburn" 104 " 

Bfttttviu to Auiftt *'• .* 11 *' 

R*K'besttjr to 8u)4]jCD»ioii Bridge .* . * * 76 '* 

LockjMirt to Tansiwaada 12 " 

Buffalo to Lowiiitoa 28 ** 

Rocbostet to Cbarloite 7 " 



647 milers, a?* foLIuw^^ — 

Canaudai^un to Saxpetuioo Bridge* 



Total lenj^tb of line < - 
Leogtb of second track* 
Length of ardings, tt«** 



231 
113 



647 milM. 



Tolnl length of track laid* 



-344 " 
991 milei. 



Rolling Stocii^ — ^Loconiutive engine* , , . , 211 

PiiMsensrer (8-wIict*l) cmrn, 1st clrv«, 196; PiiB'*enger (8-wheel) cars, 2d 
clas«, 41 ; BafTg^age, mail, ex[jrt\ss (8-wbeel) cars, 01 ; Freight (8-wbeel) cars^ 
2,760 -f gravel and other servii^e can*, 350 3,408 

The New Tark Central Bmlroml Compftm/ was organized under a law of the 
Stiite of New York, passed April 2, 18*^3, whereby eertaiii ntilrond compfinieii 
were luithorized to e<in«olidat(4 themselves into one conipanjj to !)e called the 
New York Central Ruilrnad Com p tiny — viz. : the AJbiui^UAnsJScJienectady; 
Seheneetady aod Troy; Utica and Bcheneetady; f>yracuse anoCticaf^yru- 
cnj?earnl Utica Direct; Rochester and Syracuj^e; Buflralo_imdJjJ2£kport; Mo 
hawk Valley; Rochester^ Loekport and Niajj^tra Falla, and J^ufl^ijo^iUKl 
Rochester. The artteles of aj^reement required by tiie act of ineorporatiori 
were entered into 17th of May, 1S58. The first Board of Directors was 
chosen, and the Company fully ortjanized on the Gtli of Jaly, 1853. LTntil 
the 1st of Aii^nruiit, however, the sevenil roads continued under the manuge- 
meut of the oh! eompriuies, which received the earningf? of their severnl lines 
tu that date. In addition to the roads named, the new Company acquired 
by consolidationj the line from Rochester to Charlotte, 7 mile*«, In 1853; the 
line from Buftalo to Lewi^ton, 28 miles, in 1^*55; and, by lease, in perpetuity^ 
on the paynyent, annyall3*j0f $00,000, of the Canandaigua and Niagara Bridge 
Railroad,' 91 miles, in July, 185^, 

Capital Stock— (Paid in) $24,000,000. 
The Capital Stock of the original companies was $22,858,600 — viz. : 

Albany «nd Scbecioctadj tl,535,6U0 RutbcAter U* Sjracaso tS.GOG JOC 

''*"'*" Rfxhester, LiHkport A Niagara Falls 2,016J00 

B u ffalo an d RochMter 3,0O0,OlKI 

Buffalo and Uickport. (»7&«000 

TaUl • f22,859,60U 



I 

I 
I 



Sohcnoctridv nnd Troj-.' K50.000 

rtica and Sthcnectady ** ** • 4,SOO.OOO 

<ohtwk Valley l,M3.CRiO 

^andUlioa 2,7(W,000 

mouie and Ulkft Direel- • ** 600,(100 



KEW YORK— NEW YORK CENTRAL. 273 

This amount waa increased to $23,067,400 by the convcraion of outstiiml- 
ing ConcfTtibl^ Bunds of scvend of the t'ompanies to the amount of $*2Ds,800, 
jThe Capital Stoikwiis further increased by the addition of tho Share Cajiittd 
fof the Buffalo and Niagara Raihiiud Ccjuipany, Snt>5,U00; of the Ltnvinton 
FEailroad Company, $217,tH)0» antJ tlie Rorhc^Hter and Chitrlotte Company, 
|1,'>0»00(\ th<L*si3 several companies haviasf coni^olidated with tlie Central. The 
^annual statements of the Company have differed somewhat, for tlie reason 
that all the outstanding Convertih"le Bonds (8227,000) were in 1^53 and '4 
put down as stock, whereat* bonds to the amount of 818,200 were not eon* 
l^erted; and $182,40<> of the Mtoek of the Lewiston Railroad Company wnis 
Dtired the past year by the issue of an e([Ual amount of hondn. These state- 
nenti? aeeount for the rhan;j:e« in the amount of stock represented as an- 
nually outstanding in the tabular statement given herewith. 

Fu^NDEn Dfbt— $14,333^71: in detail as follow^s — 

Setm per cent, coupon bondA. ._.., -_____^ . .. -83,000,000 

|— dated 15th June, 1854; due in 10 years; interest payable aenai- annually, 

f 15th June and 15th Di^c, in New York, 

f* Bii jwr cmf coupon Debt CertificateJ^ or Premium Bondi $7,925,000 

— dated tst Aug., 1853, and payable 1st May^ 1883 ; interest seraianimally, 

in Xew York. 
The Debt Certificates were issued to tlie stoekhohlers on the old linos, being 

the estimated value of their stock above par. This excess of value was 

rated in the articles of consolidation us follows : 

Stock »nrl CoTivoTtiblo Riite of Amount of 

Bonds imljitiiniling. PrL^mium. Proniiuni, 

AiyitnjjioH Scliencctady-.*-..- «l,621,8O0 17 $'21hJM 

1JU» tad Schcncctiidj. 4,5tJO,0O0 &6 2,47.5,000 

HdUMik VVllcj 1,515,000 IS e66,2&0 

hvmm nnd Utic**- -. 2,7(]0,00€ 10 1,3&0,(}00 

m*ii»iinrirtica Direct (>0O,0tM) 10 3GO,0OU 

5^«btft«r und ,Sjr«ciii»e -. B,&[)8,700 30 1,682,610 

Kaoliiitor, Lockfiort &iid NUgan FftUs 2,166,100 iS 53S,694 

Sttfjik) lo r^jckport 675,000 36 168,750 

fiiif*ktoB«be4it*r. 3,000,000 40 1,200,000 

L Lftko DDturio .- 150,000 SB 37,500 

0iZroj 650,000 -• .... 

$23,235,600 t8,Bll4,500 

Tl\e Rochester and Lake Ontario had an agreement with tlie liochester, 
L»ockport. and Niagara Falls Kail road for consolidating on equal terms, the 
*^5ck of the two companies, It consequently was put on the same frwiting', 
^t* J>rpniiura was aUowed to the Troy atid Scheneetndy. Of these bonds 
Wfi^6(iO have been retired bv the operations of the sinkinii' funds, The 
^'Me amount issuerl was $8,sir2,b00. 

^'^pfr cfnt coupon honds ft>r fmuiinq the dehU of the old compnnin. ,? 1/225,000 
~tlftted l«t Aug., 1N5G; payable Ist Aug., 1870; interest payable let Aug, 
^^ Iftt Feb., in New Y^jrk." 

The articles of consolidation provided that the new Company should as- 
^^Tue the debts of the old compafiios. AlYer consolidation, these bonds were 
p'd by the new eompuny to the above amount, which has since been realized 
^y the iisKue of the bonds last described. 
& wr cmL ecupon honds^ mued m pdiftnent of dock held hif Bttitral of th& 

m(9mpante§ in other roads _ $770,000 

tf5 



274 



NE^ TORE— KEW YORK CENTRAL. 



At the date of the coosolidation several of the compaaies held stock in the 
following roads : 

0r«*t W. Buffalo & 
of Canadtt. SUUt Line. 
. 12§,(MK) 105,000 
94,950 



Gre&t W. Buffalo A 
of Caniujik, SUkte Line. 
Albftttj ftad Schetiflcladj • i25,IXX) $ .. .. 
Clic* ajJd SchenectAdy * • < 2OtJ,O0O 

Syincufa uid Uticft 75,1100 62,300 

RJochcflter, Lockport %od 
NUgsraFiilli 168,600 



Itf}e!iett«r und Sfnwtns© * 
JBuffaJki and Rocboatcr' • • 



«493,&00 fiS'i.adO 



The Consolidated Compaiif agreed to purchase this stock either in cash, 

or in botids, to be dat^ad 1st May, 1853, puyab!e in 30 years; interest pay- 
able in New York. The stock of the (trtjat Western Railroad Company 
Wits L^k»3n at par, with ioterc^^t from 1st Miiy^ 1853, and thut of the Buffalo 
and 8tiite Line at a premium of 21) per cent., with interest from the 13th of 
Aprils 1853. The whole amount of bonds issued for this purpose was 
$817,1*00, of which $47,000, have been retired. 



51,067 



Tlie debts of old companies outstandiugj $637,737, viz, . 

Aihani/ and S'Jtrmdfi^t/ Rtiilroati Oimpnny, 

— Bond to the Mayor, etc., of Albany, payable 1st July, 186-1; in- 

tercHt at 5 per cent, payable 1st Jan. and let July, at Albany.., _^125,000 

— Bond of the Corapauy, payable 15th July, 1860; interant at 7 per 

cent per annom __. ^. 1,000 

Schmecfadt/ arid Trotj Railroad G/mpanf/. 

— Stiite Stock, payable 1st July, 1868 ; interest at 6 per cent, pay- 
able Ist Jan, and 1st July, at ^ew York « 100,000 

Ra^:heh(fit and St/rftcnn Railroad GwTipany. 

— State Stock, i*isued to Auburn and Rochester Company, 1100,000 

payable 1st Aug., IHOU, mid ^100/N}0 the 1st Jan. ; mteVest 5i per 

cent, payable 1st Jan. and 1st July, at New York _.- 65,66! 

BuffstJu and Rwhstcr Railroad Company, 

— State Stock, issued to Tonawanda Company, due lat July, 1805 ; 

interest 5i per cent,, payable 1st Jan. aad Ist July, at New York. 

Roeh^sttTy Lotkjfort mid Niagara Falh Railroad Company. 

— Bonds of the Company, dated lat Aug., 1851, and payable lat of 

Aug., 1861; interest 7 per cent, payable 1st Feb. and 1st Aug., at 

New York .. ..-/. _. 295,000 

Bonds of the Buffalo and Niagara Falls Kailroad Company, aa- 
Bumed by the company under the lease between the two com- i 

panies, viz, : 

Bonds payaWe let Oct,, 1864; interest at 7 per ceut,, payable lat 

Jan. aad 1st Jiriy, at New York,,^ _ 45,000 

Boacia issued to the stockholders of the Buffalo and Nia^jara 
Falls Kailroad Company, under the agreement before referred to, 
dated Iflt Feb., 1854, and due 1st May/i883; interest at 6 ^>ercent, 
from lt*t July, 1853, payable 1st May and Ist Nov., at New York- 
Bonds issued at various times, for the purchase of real estate, duo 
1st May, 1883: interest at 6 per cent., payable 1st May and let 

Nov., at New York ...._.'. J" 105,000 

Bonds and mortgages, some existing before consolidation, assumed I 

and given for part coaeidcration of real estate purchased, payable 
at varioiiB times up to 1806 ; interest at 6 and 7 per cent^ 254,033 



90, 





NKW YORK-NEW YORK CENTRAL. ^75 

Bond issued to New York, Albany and Buffalo Telegraph Com- 
pany, diited *M Jtily, 1855, and due lat^nYt I860; interest at 6 per 
ct!nt, from \»t May, 1855, payable Ist >fay and 1st Now^ at the 
CkMnpuny's office _...,.-., _ 810^000 

Floating Debt — None. 

The following comparative statement will show the amount of the funded 
debt, and cupitiJ atouk of the Companv as they were on the 3(lth of 8ept., 
im, 1854, 1855, 185G, 1857, 1858 and 1859: 

1863. IS&4 ISAS. IH&fl. 1^1 iJif&S. IMM), 

T^ - ' - '»'ite<i..... |8»m^ |8,:fi©,1W0 f8,6SK(i00 |8^22,flnO |S,2»3,m« fft,10»,l)Q<J |7,l»'Jfi,0OQ 

UloiU)., ^IMl OfOOOJlCXK) a,00O,tM)i) 3^IM]0,(KKI a,tN]4}.UK| a,l)04},4X»0 

v.*.,..., 1,801,823 l^SmfiiOO 1,214,2S« 1^3,»fl3 8SO,7E>a tt57/l«a 03:^37 
i. - 1' tiiii of old 

MM|Miar«., .... .... 331,000 3W.0O0 1,26*1,000 1,225,000 

R ;.i. f,T lilL (ilcKska. 817,W)0 *tl7,0tl(I 817,000 fia,iXW 807,000 7«A.OfJ0 770,OiJO 

K^ ,111 f»f rc*J Mtj»tP 21ft/»tW 230,000 221,000 304,000 200,000 19o,000 

HUtMKd^S. F. aa. .... 110,800 110,800 ion, too Q3,&00 03,000 00^000 

B.i» .»f B AN. R RR. Mooo iii\om i*ffpoo bh,mxi 4a,oaa 46,0QO 

Ii4i4(oTcl. Co .... 10,1K»0 W,000 10,000 10,000 10,000 

1^<>MJ* !i»4 nn>rtitti«;u«. ...^ 208,100 IWjSSi 2^6/234 205,067 354,062 254,0M 

O-iivvrtlltLp bomln _.. .... .... 1S2;0UU 

l>fk» of fi>rincr Com- 

fowe^.,. 4«l,833 043,216 608,85S 6*6,068 2»183 

ttoMFnndedDnbt.... 111,573,329 112,421,^13 114.806,258 |14,80'2,7&0 114,631,573 |l4.4(H,7f(T 114,333,771 
OftjiWBKHJk— - 33,086^600 23,067,416 24,130,000 24,136,660 34,130,600 24.182,400 24,UOfJ,000 

Totiluiimiit^ |ai,A&8^9® |Sfi,4»i,7f29 •3C»,002,I!6S |3«,Se9,410 138,769,233 pg,587,167 138,383,771 

Sinking Funds, 

The articles of con»olidation provided for a Sinhn^ Ftmdy for the refcire- 
TOent of the iJ^bt Cerlifkai^^^ by tlie annual payment thereto of a enm equal 
to m and a qturrter per cent, of the amount iBsned. The whole amount 
retired by the operations of this furMl up to tlie 1st O^t last, was $0*>7,r»00, 
IcamjT $7,025,0<K1 outstanding. A sinking fund was also provided in 185C, 
(by the payment thereto of a sum oqual to ttiG per cent, of their amount for 
a period of seven years, and ihr^e and a Mf per cent, thereafter), applicable 
t«> the following- class of securities, viz,: Bonds issued to the stoekholders of 
*^e Buffalo and Niagara Falls Railroad Company ; Bonds given for the pur- 
ciutteof real estate ; Bonds issued for stock held l\y old ctnnpanies iu other 
fwAi^, and Bonds for refunding the debts of the old companies. 

The amounts of these Sinking Funds on the let dav of Oct last were 
1191,800, as follows : 

5^ to ftockbold«Mii «f B. * N.F RE- «20,800 ] Sli>ek SttbKription bondi W7,000 

M SiULQ booaa &0,ODO ] Bondn for debt« of old uomfAiiiea 77,000 

Th<3 loan by the State to the old Auhntn and Rochettier Railroad Companti 
provided for a Sinkmf Ftiml of two per cent, of the amount, to be annually 
pai^ l*> tlie Comptroller of tiie State. The amount of this fund on the 1st 
Jay of Oetober last was $134,331, leaving $65,869 outstanding. 

The loan by the State to the Tnnawanda Raiirottd Compmuf provided for a 
Knking Fund of one and a half per cent, on the amount to he annually paid 
t^liie Comptroller of the Stute. Tlie amount of this Sinking Fund on the 
l«tday of Oct. last was $l8,9:i3, leaving $51,067 outstanding. 

The Sinking Fund applicable tf^ the Debt rcrtifirates and to the Bonds 
iwued to the stockholders of the TJutfakj and Niagara Falls Railroad Com 

Ey are charges upon the nd earnings of the mad. The other Sinking 
iimny be paid from earnings, or new luans, at the optitmof U»e Company. 



2T6 



NEW YORK— NEW YORK CENTRAL. 



No portions of the Mohawk Valley, or the Syracuse and Utica Directj 
Eailrouds were ever constructed. 

Tlic Cjinundaiguu and Nhigaru Bridge Branch w^aa originnlly constructed! 
with a wifh^ or st'jr feet gnuge. Thia has been changed to a gauge of fourl 
feet eight and a half inches, so as to correspond with that of the Centnil road. 

The road has a double truck on }\b main line from Albany to Hi>chester, 

The value of materiali* on hand, on the 30th Sept., for maintaitiing and 
operating the road was $1, 286,7 OG. 



Cost of Road axtj EquiPMEJiT — $30^840,713: In detail as follows — 

GrndustioD and niaponrj • • *.*..... $6^777,106 

Bridges- *...-,.. 80fl,068 

£u[i«r!^tractur<!, inelttding: iron* ...... .^ ♦ . lO,lS5,i96 

Stations, buildlngfi and fixtures * •»• ♦.. .» 1,171,694 

fingino aod c*r botiseKp ithopi, machinery, ©to* • - * * • 756.966 

I^kiicIt lADd-dama.g«t, etc ■ • * 3,993^059 

LiOcomotivM and inow ptoaghi^ ♦ • • 2,361,466 

Pti«HODger and huLf^gago ctiTt- » - • • • ; • • 851, 12S 

Freight ond other cun*- 2»U54,48il 



Engl Deploring: uud ngeneii 

CotiigtrLictJon ticrount (»f — 

Rnoho^tcr nuil Lake Ontnrio Baitroiu]- 
Buffiilu and Niagara Fulla Railroad • • 
IrewLKtoii Haitruad * • • • 



60a,529 
IfiO.OOO 
400,000 



Total ....*.. 130,732,517 



1959. 
#6,777,10 

SU6,0ti8] 
10,213JS 
1,174,9641 

770,0071 
4,027,8411 
2,3S1,46' 

851.1271 
2,054,481' 

GU3,S28 

iso.ooaj 

658/291 r 

400,0004 

♦30,840,713] 



Incomu AccousfT ?on tub Year Enpixg 30th Skpt., 1859. 



RtetipU — 

BaIahc^S g«pi. 30, 185S Sl,594,326 

PjiBtonger traffic 2,566,370 



Freight traffic* 
Mail wrviuo ■ • 
MiflconaucoiiB. 



3,337,148 
95J65 
201,666 



Total^ -■.- «7J95,I7JI 



Kiipon&og of uiiititaining rood, etc** #3,349,429 | 

Cou[»f:jnsand interest' -**..... 970,060 

tiiT. No. 1 1, Ful> . l&r»fl, 4 percent.. 959,782 

Dir No 12, Aug, 1859, 3 percent.. 720,000 

ContributiuD to Sajking Fumds^ — 

Debt Cortificolca $114,103 

Bdi to But k Nla. Falls RR. 2,ti51 — 1 16 J54: 
Rent t^r Nia. Bridge A Cftnand*ft RR, 60,r ' ~ 
Iliilanoo, Sept 30, :B69. • • • - • l,6!t»,15a 



Total. 



.f7,795.l75 



Genbbal Lki>oer Balance 

Dr. 
Railroad and Equipment * •> * 

Ca*h Id banks .....,,,,,», 

Pa^acuger and freight Agents y ha- 

lancCji, ainre reiailtPtl^ • » 

Buffalo and State Line KK. Co. Stk. 

Truy I'akm Elt Cu, «.t.K>k 

Hudaon Hirer Bridgo Co »twk- - 
FutiitrQ Incfome \ Proportion of I>eld 

Certificates^ Ac, ctmrgeiibk to the 

lncom<? of Ih© Cowipuny, from lat 

Svpt., IB59, to liiMaj, IB83- .• 
Fuel and Supplica \ lurpluj bejond 

ii,000,000 *....... 

Bills receivable. » 

OeiMiral Poti-QOice Pcparimeiit" - 
IUmlI flfltatfl, (Bof. t Niag. Falls RH. 

Company) -- - •* • • 

BmI e«Ute, (Oliver Loe k Co'a Bk) 
Tnutoofl Sjracuflo k, [ 'tica HR. Co > 



«30,840,714 
76,500 

413,663 

557,300 

2l,l(Kl 

10,080 



8,015,000 

286.707 
42.758 
27,tj75 

32.600 

34,827 

6,681 



Total-.-. ...-•40,366,005 



SuEBT, 30th Sept,, 1859* 

Capitol Slock --•• - 

A I bun J and Schcnectadj BB, Co*- 
Sobi?nt}ctiid.T »nd Trtiy KR &»•.♦-. 
Roehoster and Sirracuse BR. C«... • 
Buffciki nnd Rtxihestcr RR. Co' ••« . 
R<Kb , Lotk. A Niag. Falla BR. Co- 
Buffftlu ttnd Niagara FalU RR. Co.* 

Debt Corlificiitc* • • - • 

Bondf for Ctinrertible loan 

•* Railroad stodna - • • 

♦' Bc.«l t:atate -.*. 

** Funding Dobti of old Co'a 
Bd*. to Buf. A Nifig Falb Bit C^J. 

Bond to Telegraph Co* 

Bonds, Convertible, due 1876. • . . . • 

Bond» and Bfortgages- • • » 

rnctaitned Divideiida • « - 

Exp«nee» of operating road ; paid 

in OcUiber ♦ • - ' " 

Coupons and iut. ; accrued to Sep. 30 
Income acct. ; Balance Sep. 30, '59. 



•24,000.000 , 
126.f ~ 
10U,( 



45,0 

7.92S.0 

3,00U.r 

770,0001 

196,000 1 

1,225,000^1 

90,0001 

10,000 1 

182,0004 

254,0.341 

5,5l^J 

67.555 I 
3J«>,639 
1,619,151' 



Totia •40,366,005 




KEIT VORK-XEW YORK CENTRAL, 



277 



Operations in Tranbpoutation von thk Ykau 1 858-59, 

Kilet nu by pa*fleng«r tr»ina 1^809.071 

by freight imiiw- - • - ■ 1 ,82-1,976 

by wood, gi-uvel^ etc^ trftlna- 311,079 



ToIaI mites run by triLiDi 3,9-15,128 



Miloj ruo by pnssicriger can 6,379,0ni 

** by W;(giiKc% tiiiiUf «tc.| oftra 2.2S6,S% 
** by freight uiuis 4,775;248 



Total miles rn by cars 12,440,91-1 



Bftctward < 



Passexobr Transpohtatiov pok thb Year 1858-59. 

Through. "W^vy, 
* 79,8X1 1,119,386 



74,410 



991018 



TbUJ .* 164,243 2,102,404 

Total oiurement of pusfiugei^, or number of p«8senger§ cmrricd one mUe 



ToioL 
l,in9,219 
l,0r>7,42S 

2,256,647 
132,993,U40 

AcCtDKNTS AND triEIH Causks^ 1858-59- 

^-Psniftcnifcrs— . ,— Emfjloyecs,— V , Others ^ ' Totnl. — — s 

C«gfei of ju^odeMii, Killud. lujiircd Killed. Injured, KUlod, lojurcd. Killud. Injured 

; Tnioithmwn from tnvck 1 1 1 ---• 1 2 

1 At wuifit, ur itanding by or on 

t^pi^ 1 2 1 2 

; iiQ or off InuDu in 

, — I* ' ■ - - - - - - . . . - ; 4 4 

[ r«Jl from can ..-• 2 ♦••• •••• "». 2 —t. 

Kuovvrwhile walking, stjuid' 

*"««tJ;mgoDthe tfjM.-k "- 2 -.. 20 4 22 4 ' 



Total ^< 



1 



24 



30 



8 



FftEionT Transportation 



PMarU 



of the forest.* * 

of Mtiimala 

kW^d 

ntl pVttdUciB 

' i uticlci 



Wcfllwnrd, 
Through, Wivy. ToUl 

7,264 
9,297 

5»2i8 
15,772 



88 

673 

9'i4 

1,414 

2,737 

102.0O1 



7.352 

9,970 

20,292 

6,tjS2 

18,509 

<>3,os9 i^smo 



FOR THB Yea a, 1858-59. 

. £a«tward. * ■■ Both dircclhtD.^ * 

Through- Way ToUl Through- W»y Totnl 
2,142 26,660 27,902 2,2;i0 



?(i7 

:si 

^0,096 

57,036 



112,210 R1.9S7 194,197 112,883 
101,288 128,171 229,469 102,212 ! ] 
H,l7i 15,273 23,444 9,585 lOMi 
3,817 34,710 33,627 6 554 60.482 

...... .„ „.. 1,468 12.234 13,092 103,459 75,323 178;782 

6,001 29,620 35,527 6,165 39,061 43,SU0 11,156 68,177 79,333 

ToUl 113,838 149.554 263.392 234,211 336,686 570,927 349,079 486,240 834.319 

Total Doreraeot of freight, or number of tons carried one mile • *♦• 167| 136,000 



Transpoetation, Yearly, 1853-59. 



18M. . 

lies. 

1S57.M 

lass-.. 

1(59... 



f— Miles run by Train*,—* 



Ptaseoger, 

327,551 
2,117.039 
1,941,521 
1,774,093 
1,836.212 
1,821431 
I.e09.07l 



Freight 
219.975 
1,20<K240 
1,410,371 
1,622,439 
1,811,109 
1,847,763 
1,824,979 



-pD«eng«rs cnnicd- 
Kumber. One Mile. 



-fTona Freight carried. 
N amber. Uno Mile 



466,203 
2.566,974 
2,717,477 
2,729.613 
2,609,947 
2,124,439 
2,256,647 



40,961,264 
163374,473 
109.052,341 
165,889,550 
160,423.541 
136,091,023 
132,993,340 



73,H0 
549,805 
670 073 
776,112 
838,791 
765.407 
834,319 



I0,8iil.290 
ei,16«,U6iO 
99,6US,8.{6 
145,7^3,673 
145,^73,776 
142,691,178 
157,136,000 



^jnkZmuM 11,626,9-20 9,836,875 15,460,200 969,286,633 4,507,647 783,069,838 



Tunocou Passkngeus and Freioiit, 1856-59. 






1656, 
63,959 
86,296 



-^Piuiengers 



1^7. 

81,306 
121,868 



1869. 
81,017 
82,530 



1859. 
79,833 
74.410 



1856 

172 781 
80,507 



fa; 

179,647 
113,230 



'Freight (ton*, 2,000 tbt ^^ 

1B68, 1869. 



229,275 
83,133 



234,241 
113,838 



T^>*. 165,246 203,164 163.647 164,213 2$3;268 292,677 312,403 349,079 

* The oparalioina for two mo»thA. t The nr*t lona of 2.0O0 fMnjiidii. The psintji between which 
Jj^MUtiql] ii ctaatlQod "Through,*' uro iit the Easl .^tbuny uud Troy, und &t Llie Wt*t Uuffi^o, 
Aiififft Faili^ juid Ike dutpeojiiun Bridge, or LvwbLon. 




278 



WSW YORK— NEW TORK AWD EBTB. 



Cost, Earninob, Expknfks, ktc, Yearly 

1854 AND fENDLStl 

Mill! * — llru«a E«min 

Cost Ago- PiMii'gor. Kre'ight Mti-Un 
t25,90T,374» B63 #3372,196 ii.&i'ASi^ $286,999 $6 



27,3G0,rjl 
29,796,372 
30,516,815 
30J32,517 
30,840,713 



556 
556 
556 
55() 
6-17 



i,242;2'>9 
3,207,378 
3,H7,637 
2,532,646 
2,566,683 



3, 189,60 J 
4,^i8,0-ll 
4,559,216 
3,71)0,270 
3,337,148 



131J49 
171,9^a 
320,338 
2«J5.496 
297,330 



, Fon Six Ybar8, ooniiENcrNG with 
WITH 1859, 

Ex- Net . -Bir*— * 

Total. peii9«8. EnmbgB. p^. 

,992,009 $J.4Sn,736 83,306/272 «2,U4,%3 9 
rjt>i,58l 3,401,455 3J62,126 1,916,483 
707,348 4,097,867 3,609,481 
027/251 4,453,615 3,573,736 
1,623,412 3,487,292 3,041.120 
s20O,166 3,349,429 2.851,737 



1,919,564 
1,919,564 
1,9J9,564 
1,679,782 



175,143,522 3,434 18,568,764 21,947,1621,503,841 42,019,767 22,275,294 19,744,473 11,469,910 
29,190,688 672 3,094,796 3,657,860 260,640 7,003,2^ 3,712,560 3,290,745 1,911,648 8 



NEW YORK AND ERIE RAILEOAB. 
{Fimneial tfear ending Wtk Sfpi.^ 1859.) 

Board or Directors and Officers, 1859-60. 



Daniel I^rew New ForA, N.Y. 

William B. Skidmore-,,, « " 

Ilermnn Qclpcke ^' " 

FUlphMtwK., " " 

J. U.B. Davis « « 

Henry Sbeldon « " 

D. A. Cui^bmiin « « 

George T. Cubb «« " 

Samuel Marsh^ Prrndrnt* 

Nathaniel Marsh, lUceimr •..,. 

Talman J, Waters, Trea$ttrer 



Robert H. BerdeTl New Ycn'k, N. 

Nathaniel Marsli , , ** «* 

Henry L» Pierson, ...... '* ** 

John Arnot - Elmira^ " 

Ambrose S. Murray. ...... ^Go$Iten, 

Dudley S. Gregory .• .. ./enwfj/ C%, NJil 

William Evftn» lAftvi4)9$j £ng/ 

William F. Splatt* *' « 

New York, N.Y. 



Chxh.l£a MmoT, Gtnerttl ^perijUendetU • " ^< 

Principal Office Erie Place, West street, New York. 

LsNGTH OF Road — Piennont to Dunkirk , 446.00 mile 

Newburg Branch, Chester Junction to Newburg. « « 19.00 



Total length of road owned by CompRoy .....,,.,.,.,..... 465.00 miles 

L^oied Road — Union ( RamRpo) Railroad. . .' 25 ** 

Patersof) mnd Ratnapo Hiiil road 1 5.00 *< 

P&terson and Hudson Railroad 14,00 " 

Ohemunp Railroad 17,50 <* 

ElmirR, Jefferson and Canandaigua Railroad 49.(10 ^* 



Totnl length of leased lines , . , 95.75 miles. 



Total length of mad operated by the Company 560.75 mile 

Seeomi Trackj including hidings and turnouts «....«.. 282,50 ^ 



EquiTRlent length in single track 842.50 

The eecond track (1793 milos) is distributed ae follows: 



From Bergen to Putenion 14 mites. 

From Suftems to Port Jervis . 501 " 
From Detaw^e to Elmira Jnnc. lOOj " 



On the Piemiont BrRnch . , . . . 9 milei* I 



Total , .179| milesa. 



Rolling Stock — Locomotive Engines ....••• 3lfl 

Passenger (S- wheel) car!<, l»t claxs... ,, , .«•«• lOQl 

Pftsaenger (8-wheel ) earn, 2d class and emigrant , ifJ 

Baggage^ mail and express (8-wheel) cars 4ft' 

Freight (8-wheeI) cars 2,763 



* Wor fborlcNQa moDtbi. 



i 



NEW YORK— NEW TORE AND ERIE, 



2T9 



The New Torh and Erk Railrmd Compamj was chartered on the 24th April, 
1S32* The work of conatructian waa coinniencud tin tfuit portion of the 
Belawan^ Division, between Delaware and Callitiooii Creek, a diatanco of 41 
miles; and also upon the lU miles neurcst Piermont ia iSijG. To aid the 
work, the Legislature, at*it*s session in 1836, granted to it the credit of the 
State to the uniount of $3,000,000, hut upon terms that could not be com- 
plied with by the Conipany ; ia consequence of which, and of the commer- 
cial revulsions which followed, the work of conatructioa was suspended for 
the next two years, 

Id 1H38, terms of the State loai^ were so modified as to allow the Company 
to draw it in sums of $100,000 each^ provided ef]U:ii amounts were first eob 
lected from the stockholders and expended on the road. Up to Sept., 1S3J^, 
1300,000 had been collected and expended, and an equal amount of the 
Btate loan rendered avaihible, from which the Company realized only 
t245,2ti5 — the State bonds {\\ per cent.) selhng at a discouut of 13i per 
cent, in addition to eommisifions. 

In 1839, the unlet portion of tho road from Piermont to Goshen was put 
under contract; ana in Feb., 1840, the Susquehanna Division, between 
Binghamton and Hornellsville. In 1840, the terms of the State loan were 
further modified so as to allow $100,000 of the same to be drawn for every 
150^000 collected from the stockholders, and expended on the road. Under 
this arrangement, the balance of the State loan was made available, and the 
work prosecuted upon the Delaware, Susquehanna, and Western Divisions ; 
in all about 300 miles. 

In Sept., 1841, the first section of the road from Piermont to Goshen, 46 
railee, was opened for public use. About this time the Company became 
again involved in financial embarrassments, which resulted in placing the 
Timd in the hands of assignees, under whose Dianiigement it w^as extended to 
Middletown, 7 mih;s west of Goshen, on the 7th of June^ 1843; after which 
the wnrk was again suspended. 

The sums expended up to let Feb., 1844, were as follows: 

RsMirH from pupitnl »twk . - - $1,60I,B30 | I*onfltioiiB • • •• • $362 

PT«c««<tb uf Stale looo • 2,599,f)H | Efimlnjf^ prior to iLssigDment •> 18,551) 

iDtereat on Mine 39,942 I ImJisbtQdaosA of this Coinpanj* 573,614 

KiQit-- 2,928 

ToW. «.... $4,736,949 

Of this amount only about $2,000,000 became siibsequeotly available to 
the Company, the bahmce being expended in interest, and in work aban- 
doned; a portion of this being the piling on the Susquehanna Division^ ami 
grading on the Western, 

At this juncture a renew^ed effort \vas made to prosecute the work. The 
Company^s engineer estimated the amount necessary to be ©3cpended to com* 
plete the road to Lake Erie and equip it, at 87,OOO"000. In 1H45, by an act 
pBssed on the 14th of May of tliat year, the State agreed to release it« claim, 
wbich constituted by law a first mortgage on the road, proWded the Com- 
ptoy should complete the entire Une to Luke Erie in tiJ* years fYora that time, 
I Am n further inducement to additional subscriptiona to the stock of the Com- 

Smy, the old stockholders agreed to surrender ono-half of the stock held by 
cm, provided now subseriptionfif to the capital stock to the amount of 
""D0,000 should be obttiined ; a sum, with un equal amount of bonds, to 
Bued, believed to be sufficient to comj>lete the road; authority having 
granted for the issue of such l^>nds, to take precedence of the State 
[ItKiD, provided the terms of the act referred to were complied with. 



280 



^EW YORK— NEW YORK AND ERIE. 



Prior to ita re-organization in 1845, its liubilitiea were as follows: 

Now stuck frtitu tild • * 



Bills payjiblL*' ... ^ ...-..* . 
Old iituck not Hurreader«d' 



917,601 
2,954 
12,400 



SUte loan.. - * * «3,OCW,000 

Flgnting Hitook, - * 65,571 

^ijcpor cent certifioAtoa,^ 265,^15 

Seven per cent certificates. .....,.., 163^1 46 

StOQk (surrondored) . - 742,100 TmuI- - - - *...... . *^5, 169,287 

Upon the re*organizntion of tho Company^ these haliihties were reduced 
so lis to stimd as followB: 

Nowatock'-- » 3742,100 I Ciish paid od old aocountj $101,413 

S«ven por eent. t>ertiG.-jites, 501,969 I =— 

Otilitttiiding llftbilitiea.. * • 14,2l& | Total - • i^seijeifi 

— relieviug the Cumpuny of liabilities to the amount of $8,807,671. 

Althotigh the Compiiny was relieved for tlie present of pecuniary embar- 
rassment, a question of lut^atiun arose which delayed for some time the 
eommeneemeiit of uoust ruction west of Utis^ille, the ptJint of divergence be- 
tween what was termed the inhnor route thnmjo^h Sullivan county and the 
route tip t!»e Dclawuro liiver. The surveys which had been made, showed 
the hitter to be the hmi route. A portion of this lay in llie State of Peim* 
Bvlvania, which the Company, by its charter, was forbidden to enter. The 
charter vvaa subsequently, (in 1847), modified in this particular, and pernussion 
obtained from the 8tate of Pennsylvania to traversii a portion of its territory 
u\\ the payment of the sum of $10,000, annually. Upon the removal of these 
ob.^taclei^, the work of construction was vitJ^oroiisly rirosecuted, and con- 
tijuied without interruption till its conqjletion to Lake Erie^ — ^t he several Bec- 
tioMs bcin^ opened at the following *lates, viz. : On the 3d Nov., 1840»froin 
^liddleton to Otisville, 8 miles; on the Gth Jan., 1H4H, from Otisville to 
Port Jervis, 13 miles; on the 2sth Dec, 1 84 H, from Port Jervis to Bino^- 
hamton, Vll miles; on the Jst June, 1849, from Binnrhamton to Owego, 22 
miles; in October of the same year to Elmira, 36 1 miles; on the 1st Jan.» 
18f)0, from Elniira to Ciirninor, 17 milefi ; on the 3d Sept, 1850, from Cormng 
to llornellsvilic, 41 mih>s; and on the 2i!<l April, IH,"!!, the whole hue from the 
Hudson to the Lake, 446 miles. Tlje Newburg liranch was opened in 1850. 

The Union Railroad is a short branch connecting the main line of the 
road in New York with the Patcrsou and Ramapo. and Puterson and Hud- 
son Railroads in New Jersey. It was built under a separate charter, smd 
leased to this Company, in perpetuity, on the lOth day of Sept., 1852, at an 
annual rent of $3,500. 

Tlie Paterson and Kamapo Kailroad is leased in perpetuity to the New 
York and Erie Railroad Cornpany ; its owners to receive as rent for the Siime 
$26,500, payable on the 1st Januarv and 1st Jnlv* -Date of lease Sept. 9th, 
18^2. 

The Paterson and Hiulson Railroad is also leased to the New York 
and Erie Railroad Company in perpi^tuity ; ita owners to rcr'eive as rent 
ft»r the same Sto.600, payable half yearly, on tho let Jan. and 1st July, 
Date of lea,se Sept. 9th, 1852. 

These two roads were constructed before the Erie Company obtained peY- 
mission to make its terminus at Jersey City, and their adoption was necessarj* 
m order to avail themselves of this privilege. The trains of I he New York 
nad Erie Comiiany nm on the New Jei-sey Railroad for a distance of uboul 
two miles in Jersey City, an additional rail having beeii laid down for the 
acA!ommodation of the broad gauge of this Com|iany. 

The Chemimg Railroad is leased for a perif>d <if 20 years, from the Ist 
of Jan., 1S59, at an annual rent of S3l»,000, priyitble half yearly, in New York 

The Elulira, Jetfei'sou and Canandaigua Ituilroad is leaseil for a period of 



I 

I 
I 




KBIT YORK— NEW YORK AND ERIE. 



281 



20 years, from tlie tat day of Jiin.^ 1859, at aa animal rent of $25,000, pay- 
able hulf yearly, iti New Yurk. 

For the use of the '' Bergen Cut" the Comrjaoy pays to the Ntjw Jumej 
TrarisporUitioti Company, (by which it is owned,) 12 cents per ton for every 
ton o( tuerchtindise puHJ^iii^ throa^^h it, ami G cents for 'c^very passenger com- 
iDg fn>uj any point east of Sufferns Station^ iind tonr cents for every passen- 
ger from wed of that statinn. The* aggregate amount of tlie payments made 
te this Company is about 830, 000 annually. 

The Company also piiy S"-,800, iinnually, on account of widening the "Cut;" 
and $5,000 unnually f«tr the use of Uiiid leased of the Paterson and Hudson 
KoUruad Company ut Jersey City, 

Z^jty JJocL — The Long Dock is the name of the improvement designed to 
Of>nneet the h^wer ptirtion of tlie road with the Hudson Uiver at Jersey Crty, 
(for which purpose the roiid of the New Jei-sey Transportation Co. is now 
U:>ed,) by a tunnel and railroad (2h mi les)^ through Bergen Ridge^ and by tlocks 
and piei*dat Jersey City* The improveiiient bus nominally been cnrried foi'wnrd 
hv a C4>mpany iiieorporated, under the above title^ by the State of New^ Jer- 
sey. The capital stock is $800,000, (which is fully paid). The Oimjiany haa 
aldo authority to purchase and hold lands, and improve the same by the erec- 
, tiou of buildings, the construction of streets, dock, wht'rves, etc,, etc. ; to 
Dlish a ferry between the property purchased and the city of New York; 
Ffasiie bonds, bearing 7 jjer cent., secured by a mortgage of the property, 
but nut to be sold ut less than 10 per cent, behnv their par value. Under 
this organization, purchases of real estate were made, amounting in value to 
$773,440, on which ubout $150,000 is still utipatd. As the improvement was 
jdfflsigned for the iiccommotiation of the Erie [Railroad, a lease wjus executed 
Be same, on the 1st day of July, 1850, by which the New York ami Erie 
Bniad Company agreed to pay a rent ctjUal to 10 per cent- on the stock 
"of the Company — the payment to be made half yearly on the 1st of Jan. and 
July; the mterest on any sum or sums expended on account of the pur- 
ciiiiac of lands to be taken as a part ol the rent. Under this organization and 
IBiigtiment, the New York and Erie Railroad Company has advanced the 
MBiof §3il,300j which has been invented in the stock of the Company; idso 
the sum of SI 23,027 by way of rent; and also the further sum of $044,511 
ill payment for work done on the tunnel, docks, etc., etc. The tunnel is 
ikearly completed. Its length is 4,3H*> feet. A large amoimt of work yet 
remains t*i be done on the docks to j)re|jare them for use. The annual charge 
on account of the stock not owned by the Company is 845,870, payable hall* 
yearly, on the Ist days of June and December, 

The t^3tal expenditure on account of the improvement up to the 1st Jan., 
mi), was about $1,500,000. 

The New York and Erie Railroad Company has the riglit of becoming 

tin? purch aiders of all the property of the Lnrig Dock Company, on the pay- 

OMiat thereto of the full amount of the capital stock of this Company', and 

•wuming its liabilities, nt any time after the 1st Jan., 18(12, on giving twelve 

i IDoatbs^ notice of such intention. 

The Long Dtick CVinipany has executed a mortgago upon its property as 
8©curity for an issue of bonds to the aroonnt of $5[H),(H>0, bearing 7 jier cent, 
interest, flated Aug. 16, 1H57, and payable 1st June, 1H,S2, for the purpose 
of raising money to carry forward the imjirovcment. Interest payable 1st of 
Juno and Dec. Of these bonds about SI 00,000 have been issued. 
In nddition to the real estate necessary to the use of the road and for tbo 

30 



NEW YORK— NEW YORK AND ERIE. 



conetniction of pier^, dock^ etc. 
lots at JoTsey City, iiieu.suririg^ 



The Long Bock Company own about 3,000 
25 by 100 feet. 




Capital Stock — Authorized and paid in, §11, 000,000, 

Funded Debt— ^25,326,505 : in detail as follows — 
lit Morf^ii^e^ 1 per cenf. tmipon honth _,,.,,, 83,000,000 

— dated Ist May, IS 47, and payable Ist May^ 1S67; interest payable nemi- 
annually, let May and l^t Nov. 

2rf Moriffafftj 7 per cenL coupon hands,. ,^....*,.^ $4,000,000 

— dated 1st Mareb, 1840^ and payable 1st Maruh, 1859; interest payable Ist 
of Marcli and l^t Sept. Tlijs elase of bonds wan not paid at maturity. 
The Company propo,^e to extend the same for a period of live year's, and have 
]8«uedt and are prepared to igsue, eoiipons, (entilling the hohler to interest at 
the rate of 7 per cent, per annum), tt> cover the period named. Issues of 
Coupon Sht^etrt have been made to hohlere of bond^ to tlie amount of $2,700^- 
OOU, The interest on thiH class of bonds remains unpaid since and including 
Sept l8t, 1850. 

3i MoriffO^e^ 7 per cent, cmipan honda, ^_ 86,000,000 

— dated 1st March, 1858, and payable 1st March, 1883; interest payable 1st 
March and Ist Nov, Tije niurtLfat^e in this qai^h provided for an isj?ue of 
810,000,000— 34,IH)O,000 being retiiined to retire the Second Mortgage bonds 
as they fell duo, and which are still hehl, the Company having been unable 
to sell them at Hatisfactory rates. Tlie intt^re^^t on this claas of bond** re- 
mains unpaid since and including Ist Sept. 1859. 

4th 3hrii^a(jftj 7 per rent coupon h&ndn $3,729,000 

— dated 1st Oct., 1857, and payable let Oct., 1880; to be presently due in case 
of failure to pay the interest on the bonds 6 months afler due and demand; 
intereBt payable 1st Get and Ist Ajiril. The mortgage in tins case provided 
for an issue of bonds to the amtHitil of $0,000,001). About one half the in- 
terest due 1st April, 185ij, and all sincf that date remaint^ un^iaid. Tliesc bcuiiJa 
were issued ibr the purpose of retiring the tioating deljt of the Company, 
the holders of wliich were entitled to convert the same into this class of bonds 
at par. Holders of unset' ure<i bonds were also entitled to purchase thcm^ 
paying one half in canh and one half in llnst^^cured Bonds. No bonds of Ihiti 
class have been issued except in pursuance to these provisions. 

hth Mbrf^m/ff^ 7 per miL eoupon bonds ^ .^ .81i277,f>00 

— dated 1st Juno, 185H, and payable June 1st, 1888; interest payable Istof 
June and 1st Dec. The mortgage in lliis caste provided for an issue of bonds 
to the amount of 84,000,000, This class of bonds was issued to the holders 
of the Unsecured Bouiis, who, on subscribing for Fburth Mortgage Bonds, 
and piiying therefor in the manner stated, were entitled to convert Unsecured 
Bonds' etiualing in amount half of such mu-chases, into Fifth Mortgage 
Bonds. Ail the bonds of this class have oeen issued in accordance with 
this provision. The interest thereon remains unpaid since and including Ist 
June, 1859- 

Convertihh Bonds of 1851,, _ 82,618,000 

— dated let Feb., 1851, and payable 1st Feb., 1871; interest payable 1st 
Feb. and Ist Aug. The total issue of these bcmds was 84,^^51,000. Tho 
interest on these bunds reuuuna unpaid einee and including 1st Feb*, 1858. 



I 



NEW TOKK-NEW TOEK AlTD ESIE. 



283 



: 



PmperiihU Bonds of 185:2., _._ __,. .82,443,000 

— dated Ist Jao., 1852, atid payable 1st Jan,, 1862; interest payable Ist Jyii, 
and 1st July. The toliil issue in this eu^e was S3,50U,(UJU. The interest on 
these bomk roniains iinpuid since and including Jan., 1858, 

^'iiihVi27 Fund BondHof 1855 ..._.._ ....$2,193,500 

—dated Ist Feb., 1855, and payable 1st Feb., 1885, and presently, in case 
of non-payment of Sinking Fund; interest payable list Feb. and If^t Aug. Tho 
total issue in this case was ^4,000,000. The interest on thei*e bonds remains 
unpaid sincti and inchiding 1st Feb., 1858. This class of bonds was issued 
to take UD what were termed Income Bonds, dated Ist Feb., 1850, and pay- 
able 1st Feb., 1855. It provided for a Sinkinq Fund crjual to $:15,000 monthly, 
to he invested in the bonds. The contrihutions to the fund wer6 reg-ularly 
made up to Octol)er, 1857, when they ceased. The amount of bonds re- 
tired by the ofie rat ions of the Sinking^ Fund have been ^1,462^000. 

The conversion of Unsecured Bonds into 4th and 5th Mortf,fa;i:e Bonds 
accounts for the ditTerence between the amounts outstanding, and the original 

i«U6S* 

8mm p^r cent C&rtificaien — .$26,605 

— Thesa are outstanding obligations convertible at the pleasure of the holder 
into 4th Mortgage Bonds j bearing 7 per cent, interest Interest paid. 

Aee^pfiinee* dm in 1860. .*.__ .__ .$40,000 

—dated in 1850, and payable 1st Feb., 1860. They were given for real es- 
tiUe in Newburg, puRdiased on account of the Newburg Branch. Intere«t 
pwid. 

The amount of overdue interest at tlie close of the fiscal year was $1,207, 
987 ; of which $684,687 was interest on mortgage debt, and $523,300 on the 
unsecured debt. 



Floating Debt— $2,074,795, as follows — 

t Pujablo- • - $313,703 | SnmU Bo<?ounU - f23,643 

onoU Paymblo • •-» &0d;29l Rent Chcmuug Riillnwid.--- *. 2,500 

rB|«ia coopooa. 1.207^987 | Ront of Uniun Ettilroa4 •» 20,950 



Comparative Statement of Balances of General Ledger of the New York 
«nd Erie Railroad Company, on the 30th September, 1852, ^3, ^4, '5, % 7, *8 
mi ^: 

Dvura. l^a IWa. 1«M, lUftS. lfiS6. 1857, ISM, •• 18M». 

C*]rttai ntnck „- ♦7,";<vi.i>5i |io/joo,mJi |io,or;3.S5» |io,o33.9A0 |io,o«)c>,ooa tn.it^VJOO |n,o(M»,tM)o iujioo^om 

lfttHikvdiJ**M.... l«,0oa,*4il^l 2!(\na,8i>9 L*-i,tMl,Oe» W,H«l,<MJO l!4,SBl,000 i4,Rl>l,fKW :i«v4.3S,Ol7 2i,aa0,000 

Bm»iw)iiW<?,.-. 2^1tt,41.V 2,a7avH«2 %Q^2i,Ha l^O^l^^^ mmi 1,082,4*2 732,3M{ 313J<ja 

A«v«iitil« t»%>'*U>. mT,m'2 *M,VS& 670,700 &73,814 684,462 724,«M!0 9U8,S12 l,8'i7^7 

Pfuilt Wild loM,. in,1Cl SMAftl ,.,.,—, 803,482 1J»0,340 483;Slfl 



I7ft.0l3 
37(1,563 
378^ 



148428 

i-J8,4H 
641,044 
2X4419 
036,ea& 
963,003 



433,681 
*Jfla,S70 
621,310 
1S6,S9« 
*i74,lA2 
A10,0S2 



3J42^17 
420,037 
1^1,758 
ft04,ft6a 
497,116 
4mA'J» 
413,68s 
768,000 
422,000 



134^,070 |34,4m>,a23 |34,4d4,376 mjm,»l 
Trunufvirrrd to Cou«mieUutw 



TotAU t28,l»U,610 133,678,007 |8&,&<»,711 107,343,906 |3S,2&2,7<i8 t3&,O81,4«0 fS0,U7«,(}67 4S8,4Ol,8(|0 

CitiiT»ir». 
Oonitmolion ...fa0,841,676 $31,222,H34 133,430,431 $33,7 

Oft*h Uema 

UitcrlBJ »......« 

V^o{ „,_ 

Otht*r am«i^...^ 

Iilc on IxSii., '7«. 
BlBkina- ftind ... 
Lon«|><i«jlt ..... 



300,868 
60SA41 
72^,4ta 
844,568 
470.64S 
721,816 
704/300 



28,938 



21,4<W 
647^18 
672^^72 
872,778 
800,388 
607,888 
1,388,000 
744,043 



44,717 
488,877 
817,021 
324380 
186,417 
502,816 
1,482,000 
078,089 
108,820 



80,718 
446,832 
276,61(1 
227,502 
2nj000 



l,10AtS3ft 
108|flOT 



ToCjUa,.^rJ^,804,619 |33,678,008 $36,605,711 137,343,706 $38,262,788 $30,091,498 $30^79^ ^^I^^Wljm 



• Tirtio«fcrr«d to OonttnwHoo. t Pedalled ftom Funded Dob! 



^D ERIR 






' earnings, expenses, and interest and divideoda paid 
.ipt* ending 8epL 8Uth, 18o9 : 



lim, ' ISbk 1«&5. IS&D. 1S57. lR5a lii&9, 

.H.:il'»,U«3 |£*^W,9&S #5,488,933 |6;i7H,502 fiiJ&S^a* #^U1,«1« $4,482,149 

. ::,4Jl.(Er2 ^:*S,7&'2 2,777,142 a,55S,4dB 4,^301.^7 S^T^l £,077^13 



.- , ...Sl,*S7,9e» #2,fla4,30fl t2,7llA^l |2,H2S4i4 #1 .5:».V77 |l,l«\.97& |1,404^7 

.luiCiJl«MiElt,fl«e- l;i*M>a l,7aa,&a> l,S7Ma2 l,$42^7 1,850^10 l,S75,ail 1,015,424 



.vkn^«UMuaoi,«to. #501,180 
^k - 3S2,l>flO 



|aoi,277 



|J!Kt3,41B 



tei.^t 



e«2,7«W ♦i30i,D33 •1681,336 *|5I0^7 

njomfioo ....... ..,.,-. 

Litiou^ — Total earnings, $3G,935/>67 ; expenses of all kinds, §23,- 
uet earniu*^, $13,G1 1,363; rent of Union iind other roads, $659,004; 
iuWc^fttt uu Funded and FKniting dubt, $11,824,800; balance of net earnings, 
wj^' ' r"-^ exixnises of idl kinds, rent of loused roads, and interest on 

fbi* tbutiu^ debt, 81,127,499; 

CXwtf oif Ka.i» AND Equipment — In 1859, 83o,320,907 : in detail as follows — 

1859, 

tl3,709,394 

2,575, y8tj 

1.226,7y8 

498,152 

156.593 

2%J71 

&69.i59 
276,a<i3 

2,062/217 
372,094 

l,7iS,5i»l 
190,652 

4,061,513 

I,65i.6a-t 
'221,127 
U 2,853 
55,225 
499,944 
278,535 
461,075 
257,539 
351,893 
381,566 
364,565 
34,857 

1.356,416 
437,141 
667,942 
170,^1 

•35,320307 



1B63. 

*..- 113,649,329 

...• 2,575,996 

- 1,226,798 

Su44»i»«riii|r>*- •• »'- 498,162 

Att ••' * 156,593 

Mfl^ 200,530 

U^ orkahopa ' 296,771 

MmUiu^ny iU »lio|>» • 181,(M» 

k'wixllil »Ukl jiiwaungor UepoU* *.•.... ,.*..».....*, 5H7,b94 

yHtmHT «Utioiii irnU wivmI abeds » 276,363 

WxKUuilivo* and te»dor§ •*• • » 2,062,217 

Jr«u»4*ugvr <-»«•••• • » 348,077 

»'n>^«titc«w - •-• • •*.-. 1,738,591 

C»Mii»U|tviiui«a ---- • 1911,652 

Uvu 4,061,513 

lutorwt • 1,631,694 

jtUAinbiMitii, bargos - - 221, 127 

i»vfMC \S\iH street aod stores, and Dunkirk Harbor imp'U • > • > 112,853 

T«i*^4fnii.h - - - - • * 55,225 

luiervist on Firat Mortg&go Bonds- ..-.-.-... 499,944 

ikiicoaDtun ^' " 278,535 

** Second MortufiigQ Bonds 461,075 

•* Income Bonds • * 257,539 

»' Coni^ertiblfl BondJ, 1871 - 351,893 

*• *' '* 1862-.*... 381,566 

*« MortgAge Biindfl, 19B3 • 364^5 

" 7 per cent Certifiaitca.. ■-..... •* 34,857 

f\»uitrnidi«n |>rior to 1945. 1,365,416 

I'liliMi Ujiilrnud inipn>fdmflnt»- • * .•* - .»- 

|n»iHJUiitr§n lioudB, 1875-. • 

Vn ftud i}iig. bc^*t of C. and N. F. RR, Co 



TotAta* 



> (34,058,633 



yrfti«»H 

>iUinij(n •• •* .*.*. 

Tu1vgrM[ili * '«•• •• •• .* 

HvliU • 

TrAtiapruiticiti of iiaaili 

^|po|»Uiit cftra *•• 

UaltMiou 



IxcoME AccouKT FOR TUB Year Endino Sbpt, 30, 1859. 

Expenditures — 

*t3,r9S370 Biiliim-e 

1,154,0B4 Orfliimry oxfHonflejn year 1959 

2,203 Bi l]« 1S5S, \und 1 B59 - 

9,629 TaxB.s . - - ^ 

20,379 I Interest on Mortgage Debt. 

97,652 [ " Uiisecurad •♦ 

1,932 " Fbrtling « 

708,607 R«Dk of Uniun Ruflioiid. ...... 

" Chcinung RtiiimiMi' * 

'' Elinira, JeC 4 OmmiKU. ER- 



Tiitftl. * 

* Lo»B. t in fto«k. 



► $5,190,758 I TflUl 



#196,020 

2,974.223 

34.144 

68,941 

1,176,484 

567,:^6S 



16,796 
► 15,190^58 



NEW YORK— NEW YORK AND ERIE. 



285 



Ofom ^Mninga for year ondic^ .Sept. 
30, 1859 - 



Memokandum. 



.«4,*92,149 



Tra»iiport*«nn oxpenioS' "•2,97^227 
ExpciiMsf 18S8 poid 1859 . - 32,SBfl 

IJinjiif cAn *•-•* < I,2B^ 

Taim ♦ 66,941 



Net earning* 



3,077,312 
.$l,40d,8i7 



luL on Mortgago Debt. •1,176,481 

Int. on UnaoL^ured Debt'* •• 567, [j67 

f nt on Floating Dobt. ■ * * ■ . 39,877 

R* nt .4' rnion H*ilrori-I-. - 8i,4C^ 

UvuX i>r ^^hfrnunjuj Ruilruad. 31,500 
Kent *jf Ekiiira, JL^fTiimtm Jt 

Caatiudiiugaa Railru«d.< • 16,796 



Deficit ' 



I 



-81,916,424 

$5)0.597 

On the IGth of Aug., 1B59, at the suit of tlie Fourth Mortn;afre Bond* 
holders for the foreclosure of thi.s mortgage, a liecelvfr was apiKHiitLMj in 
takt! <iharge of the r^nid micl iLs ettect^s. He was directed to pay, m tlio tirat 
place, id I arrearaf^ros due cmplnytjca of the road; also for t^upplien used io 
oj^ierating it; also ull other ehar<>es incident to itn protection aud nuiin- 
Wnauee, and to hold the net euriiinirH subject to tlie order of the Cnurt 
Tbere were received by him troui eariHiigi^ aud other soiircej^, up to Int Jan., 
1S60, 82,41^4,452. The puyments in the meantime were as follows : 

?BjmeDt« on account of inters ?t on First Mortgage Bands *,...*,.,* t207,270 

** " eurrptit uxi»enee«, nrroanigef, etc., ©to • 2,143,007 

** " juJjQ^monta HgAin^t the Company* 45,000 

CMh on hand Jimuarj lat, ld<iO.. -• * *. •* 27,175 

Total. #2,424,452 

The following propomtion has been made for adjusting the affairs of the 
jCompany: — To capitalii^e the Unsecured Bonds, with the interest due on the 
Mme^ and for two years in advance, into a Preferred Stock, bearing 7 per 
cent, interest; the l^t Mortgage bondholders to extend the term for tljo pay- 
ment of their cotHions to March let, 18GD; the 2d Mort^^age to 8ept*^ 180U; the 
3d Mortgage to March, IS^U ; the 4th and 5th Mortgages to Dec. lf?t, 1861, 
In ca*5e of foreclosure^ tfse Hiinie rehiticms between the different classes of 
Imndholders aod stocklioldera to be preserved. 

In the meantime it is expected that the not earnings will discharge the 
liabilities of the ("ompany, the overdue coupom, and supply the means for 
the completion of the Long Dock, (ce^timated at 8r>tJO,0Dti). 

Upon the re-organizatiun, on tlio plan proposed^ its capital account will 
stjind as follows: 

3d Mortgage Bondi>> $6,000,000 

4tb ** '* ." — 3,700,000 

5tli » « » I,253,tl00 



Comnion Stock $11,000,000 

FrereiT<!d witco p«r c«Dt.« •• 6,911.000 

111 Aigrtgage Bonds ■ 3,000,000 

24 '* •* 4,0O0,lK)0 



ToIaI. 



-•37,664,000 



Dr. 



General Ledger Balance Suket, 30th Sept., 1859, 



Conniruction, p^^ Sehodulo ■ 

Ciati iLfiJ cMv'b iustiur on h%ud* • < • 

Matorin.lM on band ■ 

Pii ' ' 5 

Oh- ^i'.' Erie propelleri 

Owi ike £rie cteiimerfl • 

Ksal e*l4iR>. ' - 

BoQdn of other corop^nies. 

Lo«g r»ock Conjj>fiiijr» • - ■ < 

Kent ui L»>o^ 1*1 H'k property — 
Flock of Ijoog Dock CompAnj* • 
BiUfl nnd AecU. receimble • ^ • • 

CMi?Bb4« itoro. 

i'nAdjuf ted iu»ouut« 

Profit and li>ai, per Schedule " • 



•135 



,320,907 

39,715 

445,6^2 

275,510 

150,173 

40,000 

5,776 

9,«00 

644,512 

120,02^ 

341,300 

277,591 

2,647 

19,306 

708,607 



ToUi< 



.136,401,300 



Ciipiltl Stock iMucd, including Pit, 

Kn, 6 *" 

let Mortgage Bonds doe 1967 .« . - ■ - 

2d *' »* 1869- 

3d " " 1883 

4th " " 1880..".. 

5tli " »' 1888 

Convertible Bondp dne 1871' •*••*•* 

Convertible Bondj due 1962 

Sinking Fund BoDctedae 1876 • ■• " 

Aeet'ptiincca due 1860 * * - 

Se%'en per cent. Ceriiflcfttea. 

Billa and aceounte payable, p«r Sche 
dule 



•11,000,000 
3,0(H),000 
4,000,000 
6,000,0(10 
3,729,000 
1,277,000 
2,618.000 
2,44J,000 
2,19i,000 
40,000 
26,505 

2,074,793 



Totol.i 



. §39,401,300 



:86 



JfEW YORK-NEW YOKK AND ERIE. 



OPERATIONS IN TRANSPORTATION. 

1, — Thai?* Mileaos and Aqqiieoate Traffic, 1852-59* 

Yr.emVg *--Mil©8 mu by trjiinfl,-^ .— PjupneiigeTs fsirriud.— \ *— Ton* Freight cnrritd.—^ 

IJOib Sept. PaiWfngcr Freigtit. Number. One Mito. Number. Otie Mile. 

1852 1,062,424 l,326,S46 864,330 Bl, 179.554 4&6,4bO 9G,697,695 

1853 -*"•• l;i57.689 1;219,594 1,15^,437 9i!,43>,i6l 631,0^9 lUl,G','UJi'Ji 

1S54- ■ 1,-I96,6y0 1,456,82J 1,125,124 tltJ,663,7u9 743,250 l,i0.^5Uri,Ui4 

1S55 l,4b4,8J9 1,676.500 1,033,392 84,1)69,^98 842,055 l5s),H73.y97 

1666 ' 1,329,531 1.863,602 1,124,382 101,109,220 983,221 lH3,4ri8,043 

1857 1,315,825 1,736.816 1,016,097 85,362,ti57 978,069 1H4>,;75,976 

la'JS-- 1,794,991 1,216,378 793,671 64,931.457 816,964 I65.695,(>3d 

1859 1,289,854 1,572,714 866,840 " 57,568,616 869,072 li<7,12:,0i9 

8 yean 11,101,953 12,109.303 7,978,263 619,315.972 6,570,226 1,193,062.944 

Avorugc" 1,387,744 1,513,663 997,263 79,914,496 421/27S 149,132,668 



Yciir, 
1S55. - 
1856 - 
1667- 
1858*' 
1859* ' 



2. — Passenger Traffic for tub Years 1855-59, inclusive. 

-Tbmugh PuMengen- 



. 25,532 
- 35,^290 
. 28,904 
► 24,233 
. 26,000 



5yra.-l39 939 
Avo'e- 27,992 



West'd. 
30,814 
73,759 
70,902 
51,063 
55 000 

181,538 
36.307 



Tuliil. 
66,346 
109,049 
99,806 
75,2^6 
81,000 



. Wny Piiesengfirfl ^ 

EiwtwDird. West ward. Total, 



449,258 
496,256 
431,658 
351,123 
392,920 



627,786 
519.077 
484,723 
367,247 
392,920 



977,046 
1,015,333 
916,281 
71 9,37 5 
785,840 



* TtiLil PniiB«]Tig«ra — ^ 

Ku^lwaril. Wutfivriird. Total. 
474,790 553,602 1,033,392 
531,646 692.336 l,I24,:i=^2 
460,462 555,625 1,016,067 
375.361 413,310 793,671 
4iy,920 447,9-20 866,840 



321,497 2,121,120 2,291,755 4,412,075 2,263,079 2,57l;^3 4,834,372 
64j299 424.224 453,351 882,575 462,616 614,258 &66,354 



3. — Freight Traffic for the Yeaks 1855-59, inclitsivb. 



t Tb rough Freigbl^ * 

Tear, Euat'd. WestwM, ToIaL 

1856 . - 1 1 3,330 42,238 156,6€8 

1866 • ' * 202,082 78,748 280,830 

1867 . . . 157,828 80,27 1 238,099 

1858' . .224.886 61,068 285,954 

1859-171,206 67,805 239,011 



EiiBtWHrii, 

380,789 
366,366 
346.647 
268,016 
302,799 



'Way Frcigbl- 



Weiitwiinl. 
305,793 
335.873 
393,323 
262,994 
327,262 



Total. 
686,587 
70^,239 
739,970 
631,010 
630,061 



^ ToUl Freight 

EiiAtward. Weatward. 



494,119 
568,449 
504,475 
492,902 
474,005 



348,036 
414,621 
473,594 
324,062 
395,067 



ToUl. 
842.155 
983.069 
975(>69 
816,964 
869,072 



6 jeani.869,332 330,130 1,199,462 1,664,617 1,625,2&0 3,289,867 2,533,949 1,955,390 4,489,329 
A?«r*o-173,8<>6 66,026 239,692 332,923 325,050 657,973 £06,789 391,076 897,865 



4. — Total Fkecmjot (Tons) Classi 



1852 . 

IB63 

1854 



ProiJut'tJ of 

Te»r. tho Fure«t. 

. 76,908 

•124 087 

-.135,757 

1855 .119,435 

1856 .H 6.37 3 

1857 -126,093 

1858 .. 92,550 
1839 - 97,754 

8 jre- .8iJ7,9G2 
AFe*g«.l 10,995 



Pr«.-liii*ji 
of Aniinata. 

78,943 
99,756 
136,499 
155.596 
170,099 
145.957 
178,076 
170,322 

1,132,247 
141,531 



Vegetftblo Other agri 
Food. Prod acta. 



66,929 
80,863 
99,293 
116.093 
143,943 
120,617 
154,634 
112,726 

890,003 
lll,25« 



2,419 
9,949 
12.236 
8,071 
13,556 
13,909 
10J85 
15,106 

86.031 
10,764 



FIKD FOR 
Miinu- 

74.847 
112,281 
U0.443 

96,495 
110,769 
143.338 

88,976 

94/265 



1852-59 

Mcn-'h" 
andite. 

50,697 

68.742 

79,014 
106.50D 
165.473 
143,716 
128,709 
179,031 



INCLUBIVB. 



831,414 
103,927 



911,901 
113,995 



rDc1aja«d 
Articles. 
118,726 
135,469 
170,f»U8 
240,956 
268,003 
284.639 
163,234 
199,648 

1,590,572 
197,&rH 



Tiitnl 
Tunnagd. 
456.460 
631,039 
743.250 
842,055 
983.221 
978,069 
9I6,«*64 
869.072 

6,320,230 
790,028 



Note— 'The tntnl amoTint received for pnawenarrr transport nt ion fnr the period »*ml*r?>ced, (8 
years, has l>een ♦11,914,272 ; jtnd for freight, t27, 125,416, wlikh i" at tbn nite of $\ 07 fur Ibe for- 
|jj<er. and f232 for the latter p^r mile run hy Irnwn Tbewj raloa wiauld bo fligbtjlj incro^iiicd 

Tne division of ptwsengcrs into "ihniugb^^ and *'wriy" fnr tbe year l3?59 is Cdliruatod, thw dc- 
tniled ntatenitnt of ihe puMonger trnffle f jr the jrcnr not hjiving Uvvo raade up. 
by lulding rcccipL* from mattfl and miw.'cllaurfiuK ^oiircca I ho nvomge receipt* for paaoeDgoft 
had b««n to 01.92 per p«MeDg«r |>er mik, and for frt^igbt, 90 02.29 per U>n p«r mile. 



STEW YOKK-KEW YORK AND HARLEM. 



28? 



Cost, Earnings, ExpinskAj Etc,, Ybarly, 



?C»fltofRomd 

n to. 


of Road, Pww'r. 


— — Orara EftrninE- 
Freighi. Maili,£o 


TotaU 


Operating 


Net 
fliLniirigv 




•42 11,967,031 


46 S34,e4S 


•43,677 


f..,. 


•78,525 


•46,793 


•31,732 


• nil. nU 


H3. 2,0&4,40Q 


53 35,000 


60.735 




95,736 


52,620 


43,215 


H (( 


•44. 2,094.408 


63 46,178 


79,842 




126,020 


66,946 


69,076 


M U 


'42». 2,0i^,40B 


63 44,176 


62,169 




126,346 


70,217 


56,128 


II i' 


*i6> 2,661,018 


62 64,764 


120,762 


.... 


185,516 


123,173 


62,343 


it U 


•47* 2Ji9,835 


62 100.991 


153.129 




254,119 


172,970 


81,149 


** *' 


»49. 3,276,678 


74 125,722 


186,191 


. *. . 


310,913 


195,808 


115,405 


133,437 6 


M9- 16,430,868 


268 363,210 


425,078 


21,655 


810,143 


608.926 


301,217 


291,695 6 


*60. 20,323,591 


337 539,584 


522,9a6 


77,139 


1,139,559 


623,948 


515,611 


339,955 6 


*6r 24,028,838 


465' 1,159,289 


1,103,892 


96,699 


2,359,870 


1,277,680 


1,082,190 


346,659 6 


'62-27,561,205 


465 1,382,637 


1.883,198 


271,931 


3,537,766 


1,971,167 


1,666.599 


416,434 6 


•53 31,222,634 


499 1,1101,209 


2,537,215 


190,638 


4,319,962 


2,519,781 


1.900,181 


252,660 2| 


'M 33,439,432 


493 1,743,379 


3.3G9.&90 


246,989 


5,359,958 


3,406,377 


1,953,681 


700,606 7 


... -.--►oj^ 


498 1.698,670 


3,653,002 


137,321 


5,488,993 


2,961,875 


2,627.118 


niL niL 


M 


4»8 1.656,676 


4,645,722 


146,593 


6,348,990 


3,636,838 


2,712,152 


" " 


'r, ., .'^ 


496 1,495,361 


4,097,610 


149,635 


5,742,606 


4,2^,347 


1,457,259 LOOO,000 


'38 34,U5S,632 


498 1,162,258 


3.843,310 


li«},048 


6,151,616 


4,0t^,041 
3,209,008 


1,086.575 
1,273,141 


nil. nil 


*6®^ 36,320,907 


498 1,164,083 


3,195,369 


132,197 


4,482,149 


H H 



•340,568.404 4124 14,429,024 29,902,626 1,596,935 45,917.785 28,993.! 14 16,924,671 3,481,445 
At. 19,926,022 229 801,556 1,661,263 88,163 2,350^987 1,610,730 940,259 193,4112.7 

Nors.— Bj tht Ufini of tfao rv-orgAnusitiati in 1B47, intore»t At the rats of 6 per ceal. was Agreed 
lo be pJild on the flliAre» till the mud vrm opened io L«ike Erie, 
The (jirideod in L657, 10 |>or cent , wAn piiid in ttitck. 
Id the ta.ble^ only tbo cost of the completed porliuEis of the roftd, while it wu in pro^reit, is girtm 



NEW YORK AND IIAELEM KATLROAD. 
{Fimtn^fiil pear endhiif 30 /A Sepi.^ 1859.) 



BuAUD OF DiHKCTORB AND OFFICERS, 1850-60. 



W. C. Wetmore New York, N»Y. 

Conit'lins Vanderbilt- •- * " " 

D*nid Drew " " 

C VV, Sjirifurd " « 

Horace F. Cliirk " " 

John AUtyne ** " 



. .New York, NX 



A. B, Bavlis. .. <,. 
Horace Brooks , •*. 
John Harper. ..,♦..... . " ** 

Albort J. Aikin. ....... Paiplintf, *' 

Albert Smith New RoehtlU, » 

F, W, Edmonds , BromviUe, " 



A LtAiff Campbell, Frtsufmt , New York City, N.Y. 

W. H. Emgrson, Treasurtr ofid Secretary " *« 

PftiKctPAL OrncE • Fourth Avenue^ cor, 26tb street, Nm York CU^ 

LrsroTU OF Road — New York City lo Chatham Four Corners.. ...... 130.75 miles 

Morris Port Branch..,...,, • ,,. 2.12 " 

Second track, including; »iding^ on main line and branch. 30.06 *' 



RoLLiKi' Stock — L*)CoiTiotire Engines .......... 

Pns'^enjffer (M-wbt't*]) cars, l*t class. 

Pa'i'»cnf:er (4-whetd} r^n*, for city line.... 
Bag;nigc, mail and express (8-wbeel cars). 
Freight (8'wheel) cars. .• . . 



. 33 
. 51 
. 42 

. a 

.365 



The AW York and Rarhm Railrmd Company was chartered on the 25th of 
April, 18H1, The work of con struct ion wns commenced immediately there- 
]ler, and on the 2Gth or Nov., 1832, the first aeetion of three-fourths of a 
kile, ejc ten ding from Prince to 14th street, was opened for public use; the 
section from 14th lo 32d street, Jihout one mile, Wim openeil on the 10th of 
June, 1833; from 32d etreet to Y^orkville, 23 luilea on the 9tb of May, 1834; 



2SS NEW YORK— NEW YORK AXD HARLEM, 

from Ynrkville to TLiHein, 2i milea, on the 2(>tli Oct., 1H37; from ITs^rlem to 
Williainsbridge, G| inileH, on the 3d of Sept., 184'J; from Wilhumsbrivige to 
White Phuns, Ti miles, on the Ist Dec, 1S44: from Wliite Plains to Crotou 
Fulls, 25i miles, on the lst»Jane, 1847; from Crotori Fulls to Dover Phiins, 29 
miles, on the Slat of Dee., 1848, und fri>m Dover Phiins to Clmthum Four 
Cornern, (where It comieits with the Albimy and West Stoekbridtre Kail- 
road,) iJUj miles, on the U>th of Jam, 1852. The section between Prince 
street and the City Hidl^ in New York, was opened on the 4th of M'A}\ 1839, 
and from City Hall to tlie A^bor Huuso, on the 2t)th of Nov., 1852* 

For payment of the eonstruetion of the section ubove Dover Plains to 
Chatham Fonr QovnGi^, Ertemion CtfrtJtrijUswKive b^^nad to the amount of 
Ji2,Om),tKiO, payable on the Ut day of Feb., 1S73, benring 7 per cent, inter- 
est, payable 1st Jan. and 1st Jidy, which ecrtifituites eonstitute a first lien on 
the Extea.sion. For the payment of the interest^ the Railroafl Company agi^eed 
to aupijly the ntUing sttiek for the K.xteasion, operate it, and eharfi:e therefor 
the average eost, per mile, of working- the whole line, and to appropriate the 
net earnings of the Exteti^ion tnwurd the payment of the interest on the 
certifieates ; and in ease snch earnings shoula nul be siiflieient in pay the in- 
terest on the ceiliiieates, tliQn the Huih'oad Company to apply thereto, if 
necessary, tliree fourtlis of the gross earnings from business over its road to 
and from stations thereon, and from and to Btalions on the Extension ; and in 
case any" defieieney shtmld then exist, the Company to iasuc new for the old 
warrants, bearing 7 per eent. interest, to be paid from tlie first surplns ac^ 
cniing in the manner stated, atW the payment of the warrants* falling due 
or in arreara. The Kaih'oad Company alt^o agreed that the holders of the 
eertiiicates might Ciinvert them into the 8toek of the Company. They have 
beea so converted to the amount of $1,635,000, the Couijxmy holding the 
certificates as a debt against that portion of the road for which they were 
issued. 

The earnings of the Extension hare not, as a general rule^ been aufficienl 
to pay the running expenses, estimating the cost per mile of the trains over 
it at the rate for the whole road. Deducting loss of operating it from the 
other sources of income provided for in the above agreement, the earnings 
for the past five years applicable to the interest on the certificates were about 
2i per cent on their amounts. The Company paid for some time HJ per 
cent., but ftn* three years piist have pjaid nothing — the construction of the 
contract having been made a snlyect f^f litigation. Acccinling to the con* 
struction given to it by the Company, the earnings applicable to the interest 
on the certificates have equalled, for three years past, about 3 per cent, an- 
nually » 

The amount of certificates outstanding, on the SOth Sept,, 1859, was 
$405,000; coupons, $57,183; deferred interest certificates, $G20,059. 

By a contract with the city, the Company do not to run engines below the 
tannel at 42d street; but to this point the right to run them, with trains, is 
conceded for a period of 30 yeara from 1859. 

Shakk Oapitai, — $5,717,100: in detail as follows — 

OrdiQJirj «faar«a, mbtraritwd bdcI paid ♦ . . ♦ ....,♦ $4,217, 1 00 

Proferr&d '' " '' - ••• * 1,500,000 

Tot*3. .* 5,717,100 

The Preferred Shares were anthorissed by a vote of the Btockholders in 
1848, and were issued in that and the following year. They cull for divi- 



md 



NEW YORK-NEW YORK AND HARLEM. 

denda at the rote of 8 per ceut per annum, which were regularly paid to 
1854, eint--e which none have been paid, except in 1S57, when a dividend of 3 
j»er cent, was paid. 

FLT>fDKi> Debt $45446,689 : m detail as follows^ 

1#^ Morf^a^fy 7 p^r c^nt.y coupon bonds __.. .. -82,9505000 

— dated 1st May, 1853, and payable^ Iwt May, 1873, interest payable eerai- 
onnaally. lt*t May and Ist November, at Odnpjiny's tiffice, New York. 

The Ftrtt Mortj^'a^e covers the road tram the Piirk, New York, to Chatham 
Four Cornel's^, the braneh line to East River, and Hundry lota uf ground in 
tJie city of New^ York, and along the line of the road* 

The mortgage in tlii» case provided lor an isHne of boads to the amount 
of $3»a00,000, of which $50,000 are hcdd by the Company. 

2d Mortfin^Sj 7 pfT cenL^ coupon bonds _ $1 ,000,000 

—dated 1st August, 1854 and payable, 1st August, 1804; interest payable 
let February and let Augnst, at Comptiny'ti otKee, New York. 

For the payment of the bonds maturing in 1861, the Company propose to 
eell such purlii*n of its real e^^tuto an is nut wanted ftu' the U8e ul the road, 
and move the City Station from 27lIj in 4:id street. It is assumed that the 
available real eatate of the Company exceeds in viilue the amount of thia 
dass of b<md:(, and that the aame can bo paid without the creation of a new* 
loan, or using the earnings of the road. 

The Second Mortgage covers the same property as the First ; also the 
rolling stock of the Company, and sundry parcels* of real estate on the line 
of road. 

Zd Mort^aqe^ 7 /wr cerU. , coupon bonds . ^, $862,300 

— dated 1 5th January, 1858, and payable 1st January, 1868; interest payable 
1st January and 1st July, at the Company^s office. 

This chiS8 of bonds is further secured by a lien upon the Albany Exten- 
eaoo Certificates, to the amount of §1,500,000. 

The mortgage in this cuse jirovided for an issue of bonds to the amount 
of 3l,0O0,0UO, of which $ia7,7UU are held by the Company. 

Commmij 7 p^r cenL^ coupon bonds . ^ ,^^*-.. .--, $106,000 

— dated 15th March, 1853, and payable 1st January, 1872; interest payable 
Ist January and 1st July, at Company^s office. 

Common^ 7 per cfnt, , coiqwn bond* ^_,._«,-^ .-_. $ 132,000 

ated Ist February, 1851, and payable Ist Februar3r. 1861; interest pay - 

le 1st February and 1st August, at Company's office. 

Comtfiitn, 7 per cmL^ coupttn hands. ^_ .... .$86,000 

— dated Ist May, 1852, and payable 1st May, 1S67; interest payable 1st 
May and 1st November, at Company's office. 

Hedfmption Bonds ^ 7 per cent.^ pat^alU at different dates $25,3.55 

Common^ 1 per ccnf^j coupon bonds .. $127^000 

— dated 1st August, 1840, and payable Ist August, 1859 j interest payable 

l«t February and Ist August, at Cumpsmy's office. 

Ddfer EiUnsion^ 7 per c*)npon hottds^ pat/able at variotu dntet .. ^.. $58^034 

The lust two classes of bntids, amounting to $175,034, are paat due« 
The iatercst on all the bonds of the Company is regularly paid. 

Floating Dkbt — None. 
37 



290 



NEW YORK -NEW YORK AND HARLEM, 



Cnmparatlve statement of the share cajfit^il and debts of the Xew York and 
Harlem Railroad Company 30th September, 1852-50, indusive: 

1862. 1553. 18*4 1S5S. lS5a ISAT. IfiJW, 1«M, 

8har«Cflp1t4iL.- |4,726,3SO |5,127,SfiO |5,71<1.050 |fi,7174*» |ftJ17,10O #6,717,100 $6,717,100 |&,717«100 

FuDdeddebU... 877,403 1,4^,^1 2,714,-201 3,<174,3(i2 ;i,853^30fi 4,000,497 6,161/287 6,368^397 

FJofttlng D<!bi,. 606;^ (Xi*HU S13,31H 005,4il8 440^004 Mt,013 147,44(1 



ToUI*.... t^,30d,0Sl |7,'i4%lS$ ■|9,343,4U5 |9,7F^,K70 fm,Ol 1,009 |1O,01S^O tIli016,|D7T |11,070^ 



Cost of Road and Equifmbkt — $8^019,671 . 



GmdaatioQ and mnsonrj** •' 

Brldgeji ...,.,,.* 

Superatriicttirt *, *» i 

Stations ftod machine shopt • 
Latidj<^ eto , et<i* '• ********* 

LrK^inuotive enf^tncs' • 

PiisiiHnger and frtjighi Oftfa-* 



in detail as follows 
18S8. 



. Vf7,313,339 



1859 



•7,368,867 



3&0,952 
283,825 



358,917 
291,887 

Tiiitih'*'^* ....* yy* ;.*t7,fH9,n6 tS,019,6Tl 

Tlie Company has on hand, in addition to its cost, materials for working 
the ma<l to the value of 888,870, It also owns real estate, in tlie eity of 
New York, beyond what is wantetl for tlie road, worth $1,090,529, (but 
auhject to eneumbn'nces amountin{[j to S18H,57*:J,) aeeording to a valuation 
made some years ago. The ditferenee between the liabilities of the 
Com|inny and the eo.^t of the roail is ae counted for, in part by the property 
owned by the Company, and wdiieh is not included in the cost of the road^ 
and by the faet that the eo8t of the Extension m not embraced in the state* 
mcnt of the coat of the road, althou^jh appearing in the general statement* 

Incomb Aoodukt FOft TUK YuAR ENDrNG 30th Sept., 1859. 

DishursemetiU — 



BteeipU 

PtMMiCcr » ** * 

Freifbt 

Mftilj And oihur eourcea 
BalaDoe of in I credit pnid 



* 79,iB4 
. 7,81S 



Kcpairs of nmd - «9[29,S3l» 

Kofwitrs nud rcnowali of road 34 237 

baildiDg* 18,370 

engines-.-.. 37,044 

" " caw.-.. » 46,431 

Parch use and maintcniuice or bonpeti'* • 721,387 

Fuel .-. ^ 61,1&& 

Im yentttl «3cp«iui«a. 297,682 

IiitorcsLpaid** *••.... • 388,142 

ToW. »l,tre4,137 1 ToUl tl,084,m 

The incidental expenses include the expeoses of that portion of the road 
below 42d street over which the city passenger cars are run. 

GrBNBaAL Ledger Balahck 

Dr. 

R^UrMd «6,273.n7 

iforrittniji Briuich lloa4 144,793 

Loctunotives. 28B,250 

Can* 291,886 

Horaci. 47,230 

Shop Outfit, etc.. . *. 49,292 

R*iil o«lAt6 in the cit/ *'*- 1,090.529 

DukHtunt Ist Morlffiife B«QiIa 254.5'^ 2 

•• 2d ** " 25^),904 

3d *♦ " 419,695 



Albany Extuasion Intarftst Ta^d^' 
*' " Certilc»t«#" .♦' 

Sandrj umwitled acooiuiU'- 

R A i}, L, Schuyler 

Othctr it«nii ***» m^.m^ 

Caih • 

Profit ftad loes acGoniit mem 1858.' • 



5Tl,i:i2 
1,&3S,000 

121.273 

393,536 
88,870 
88,170 

100,013 



ToUl. 



. il2,OlO,373 



BuEET, 30th Bept*, 1859. 

Cr. 

Old capital stock. $4/217,100 

Fraferrod " 1,500,000 

bt Murtgngo Bonds * 2,9&0,000 

2d '* " .-.. LOOO.OtKI 

3d "■ *' 862.300 

Unsecured Bonds 640,997 

Heal EsUi« Eondf and Mc^rtgages .. 18B«673 

AlJbnny Bji:te]]isioD Certificate coupons 67,133 

" ■* defcrrfld tot vrar't« 620.06U 

Current acooautA *..•« 74,210 



TotaL- 



« 612,010,373 



md 



NEW YORK— NEW YOIlK AND NEW FIAVEN. 



291 



The trains of the New York and New Hiivon Railroad Company are run 
over the New York and ITurlern Hiiih*ond, from near W ill i am sh ridge, to 
Kew York, a distance of 12'. miles, payia^ tburefor 10 €*ents for each full-pay- 
ing im8senn:t;r, and 31 cents fur each commuter. For freiflfht Liomiug from 
the New Haven n>ad passing over both roaib^ the New Haven Compiiuy de- 
duct 60 per cent, of the gross receipts f«*r curicnt expenncs : tikc balance is 
divided between the two companies in ratio to the number of miles it is car- 
ried on the road of each. The contract between the two companies expiree 
io October, I860. 



r 
I 
!: 



1932.* 

1838.' 
1637.. 

1639.. 
1K42.. 

B47- 
IBIS- 

1649.. 



of R04ld. 

1 155,105 

610,779 
£f74,33! 
1,(M 1/272 
1,041,272 
1.182,300 
1,132,300 
1JB2,300 
l,lt^,300 
1, 182/300 
1,204,846 
1/213,456 
1,702,077 
1,874,892 
3,579,6(>7 
3,381443 
4.668,209 
4,873,317 



Co»T, Earn 

Mile-- — - 

9384 



ago. 
085 
1J2 
4.43 
4 43 
443 

6 59 
658 

7 65 
7-75 
775 

1401 
1401 
26 01 
2601 
2601 
B126 
8U17 
8017 
9017 
90.24 
I3C75 



5,019 

21,690 

38,429 

54,035 

56,622 

79,694 

99,783 

105,724 

99,616 

120,250 

125,033 

138,190 

(67.554 

170,923 

225,605 

253,953 

271,622 

324,368 

372,652 



Fr«i|irht. MmUi», etc. 



nrc, Ykarly. 

OpcraMng 
81,650 



i 

I to- 
1669. 



: 499 
7AJ16,I16 
8,019,671 



132 87 5'-^W,627 

132 87 494,103 

1-32 87 462,666 

13287 490,616 



2,494 

9,883 

11,882 

29,616 

65,082 

118,786 

114,406 

156,806 

187,298 

3m,eot 

337,311 
424,780 
436/245 
436,725 
443.301 
506/^1 



31,464 

43,793 

61484 

60,575 

61,338 

84,403 

86,749 1 

83,621 I 

96,744 1 

69,91>6 

79,365 I 



Total. 
#384 

6,019 

21,860 

38,429 

54,035 

55,622 

79,694 

99,783 

105J24 

99,616 

120,250 

125,033 

140,684 

177,437 

182,805 

259,221 

319,035 

421,892 

482,567 

590 942 

681,445 

918,793 

942.394 

,036.577 

,040,393 

,027,572 

975.853 

i .076,322 



1,8<^2 

3,679 

52,188 

60,992 

71,408 

62,501 

81,419 

86,921 

81,087 

87,333 

91/250 

78,286 

81,958 

86,737 

136,266 

193,480 

•205,450 

246,719 

348,587 

356.951 

537,27! 

787,540 

801,451 

715,501 

&40,731 

617,061 

695,996 



N«t 


^Di? 


,_^ 


EftrniDgf 


9 


P e. 


3,157 


tiU. 


nil. 


II 


it 


19,182 


II 


•• 


(L4I8.) 


" 


" 


« 


u 


U 


1* 


it 


U 


17,193 


11 


u 


16,^64 


(t 


H 


18,903 


H 


U 


18.529 


n 


u 


32,917 


" 


11 


33,783 


It 


(t 


62,3»8 


" 


M 


95,479 


li 


II 


96,068 


m 


(( 


116,953 


** 


u 


125,555 


38.167 


n 


216,442 


47,775 


2 


235,848 


90,475 


4 


242,355 


95,542 


4 


324.494 


112,236 


n 


382,622 


142/2SO 


4 


154,854 


72,319 


2 


234,126 


nU 


nU 


321,892 


ti 


a 


166.841 


u 


II 


358,792 


4t 


«. 


380.326 


it 


** 



•9I,0&I,948 IS9I-07 6,731,892 3,582,757 759,562 11,074,201 7,415,276 3,653,9-25 596,794 
Atw 3»360,m 56J2 240,425 127,955 27,127 395,507 264,831 130,679 21,385 0.9 

8uV»joined is a statement of the earuinga of the city lino, worked by horsoe, 
IWr a i)€riod of eleven years : 

lfM9-. t92,999 30 j 1853- §94,788 68 I 1857 ., 1100724 28 

1R60 .." 94,474 33 1854 ^'- 85,347 51 1858 -•* 151.466 04 

1851 96,060 18 j 1855 93,042 17 11859 -•* 174,655 67 

IS52 99,494 97 1856 89,969 59 1 



NEW YORK AND NEW HAVEN RAILHOAD. 
The iViw Y<frk and 3W Iftwm liailroad Compun^f wais chartered by the Le- 
gifllatore of Connecticut on tfie lOth of June, 1844. In 1846 the Company 
wan anthorized by the State of New York to extend it.s road from the 
boundary line of the State to a junction with the Harlem Raih^oad, at or 
n*Ar Williamebridge. The construction of the road in New* York was com- 
menced in 1847 and completed in 1848. Only one organization is maintained, 
nnd no account, of earnings of tlie New York portion, i^cparate from thf)«e 
of the Connecticut portion of the line, is kept. The length of road in New 
York ia 14 mile^. — (5« New T&rk and Si^w Ilncen Itnilrond of CoHHStticHl.) 




292 ^^^ I^ORK-NIAOARA BRIDGE AND CANAXDAIGUA. 

NIAGARA BRIDGE AND GANANDAIGUA RAILROAD, 
{Fmaneml tf^r mtUnif ?Mh Srphmhery 1859,} 

Board of Directors and Officers, I859-4jO. 



Ste\Tart Brown Nati IVrA-, N.Y. 

Jan>es M. Brown " " 

George IL Bnivrn ••...« " " 

Robert B. Putter <* " 

Howard Potter. *..*...• " *' 

tlharles C. Nott " ^' 



I^Rac Seynifuir. Ne\e York, N,Y 

W i I Vmr.i S, Duuty " »* 

Cbnrleii C^onocdon Brooklyn^ ** 

Alex, M, Greiff ..... " « 

John N. Wlijtinj^ Omnge^ " 

Clarkson N. Putter New York, N.Y. 



Clarkson N, Pottkr, Ptfjiiderd and Tretwirer , New York, N,Y. 

HiiflBARD IIii.NDRrcKsoK, Sfcretaty, -Brooklyn, *• 

Pm NciPAL Office No. 01 \\ all street, New York CUp^ N,Y» 

Length op Road— Suspension Bridge to Canandsiiiiftia- , . * 98.57 miles. 

Brancli from Toriiiwanda. to ClfuvelundS* Dock 1.64 *' 

Second tr&ck and sidingSj 6,8U mUesi. 

Rolling STorK — Owned hy le.^ee. 

SiiABE Capital— Authorized, $l,iKliJ,(K)lJ, in 10,000 $100 shares, 
Pttidia - 1,000,000, ** " 

FuNDEi> on Floating Peut^ — None. 



The Nitiffdm Bridge and CanamffUffiM Ilai/road Company ib successor^ by pur- 
cliOKe, of the Cjinandaigiui and Niugara Fidls Railrtnid Company, and was 
organized and filed iirtieles of as.soeiation 25th August, 1858, The original 
Company was orgtHiized under the general law and filed artjeles of ae^s^oeia- 
tion ISth Mareb, 185 L Construction was eonnnenced in the fall of the SAine 
year, and the road wan opened from Cananriaigtia to Batavia, 50 miles, Ist 
JannarVj 1853; from Biituvui to Niagara Falls, ;i<> miles, l>*t July, 185JJ, unJ 
Jmm Niagara Falls to Suspension Bridge, 3 mdes, 1st Ajjril, 1^^54. Dur- 
ing construetion the Company created tlu'ee niortgagej>, (the total issue 
Beujg $1!, 170,000), secui'ed by the whole pi'rtperty, and described as follows: 
Int Morfgrtgey conicHihU^ sm/;mq fmifl, G p/T cffit hondu^ .£208,500 or $1,000,000 
— dated 17th March, 1852, and payalde, principal L'tth Aprilj 1802, and in- 
terest 15th i^pril and 15th October^ in Loudon. Cash realized, §900,000. 

2^/ Morfffit^e^ cmvertihlt;^ 7 per cent. bon(h .,*^ 8750^000 

^— dated It^t Augtist, 1853, and payiibh\ principal \^i August, 18G8, and in- 
tere^it 1st Aug. and 1st Feb., in New York City. Cash realized, $nH0,O00, 

Zd Mortfiaffe^ convert ihk^ 7 per cent honda . $420,00*'} 

— dated let Dec,, 1853, and payable, priiieipal 1st Dee,, 18G3, and iuti^r^.^t 
Ist Dec, and let June, in New York City. The amount of this class pi*o- 
vided was 8600,000. 

The interest falling dm* in August and December, 1H55, was not paid, and 
in consequence of thiw failure a lieceiver %vas appoiTited to take charge of 
the property and operate the roiuj, which was subserjuently sold under the 
Ist Mortgage, and purchased by James M. Brown, Charles Congdoii, and 
Robert B. Potter, who, with their jissociutes, fonned the present Company, 

On the 1st July, 185H, the Fme was leased in perpetuity to the New York 
Central Railroad Company, the lessee agreeing to pny as rent therefor 
$00,000 annually, to keep tlie road \n good repair, ami to make the annual 
report concerning the cnndition and Inij^iness of the road as re^juired by law. 
It is now operated under the title of the Cunandaiguaj Batiivia and Tona- 



J 



JIEW YORK— NIAGARA FALLS AXB LAKE ONTARIO. 



29B 



constriirted with a wi/f^, or 6 feet, gauge, to cnrresfHimi with the New York 
ami Erie Kanroad; but thi.n hn» ruiw been changed to the narrou? or 4 feet 
84 inch gunge, eorrt!spouding with the Central line. 

The following 18 a stateiaeut of the iiritiDcial condition of the Company on 
the 30th September, 1850, since which time no report has been pulilished : 



Shnre Cuplt&l ..,.-. ^$1,31^,000 

Funded Debt, - ■ - 2,170,000 

FWftting Debt •-• ■•» 183,578 



ToUI. 



. «3,668,578 



Coat of Rond. $3,210,616 

^' of Rolliiig Stock * ■ * . 294,995 

PrnfltaiatJ losn- • •. 162,967 



ToUl 



'f3,668,S78 



The rolling etock above represented was sold to the New York and Erie 
Company for «ilT0,351. 

The Company niade no report of earnings after 1856. The earnings for 
Umt year were— from passengei-s, S9*2,03D; freight, $74,112— total, $lCi>,l5L 
Current expenses, 8225,452. The earnings for 1855 were — from passengers, 
$45,7G4; freight, $11,374; other so urees, $2,628— total, $59,700. Current 
exDettse.s, $7U~839. 



NIAGARA FALLS AND LAKE ONTARIO KAILROAD. 

The NUiffnra FafU uttd Lake (hdarh Railroad Compant/ was organized under 
the General Railroad Law of the State of New York, on the 9th of 8ept., 
1852, The construction of the road was commeDced in 1>^53, and completed 
in IS54. It was built ns a continuation of the Canaiuhjigna and Niagara 
Falls Railroad, but owing to embarrassments into whicli both C4impanie^ 

m fell, it was never brouglit into nsc. Its cost on the 30ih Septeniber, 
1856, the date of tlie la^t report to the Lcgii^hduro, wae atHiot $4(IU,(H)I); its 

id uii capital, 8188,020; b<aiiled debt/8200,00(} ; floating debt, $30 J 17. 

hese Donds were 7 per cents, dated 1st June, 1853, and payable 1st June, 
1803; interest payable 1st June and 1st Dec, at New York They consti- 
tuted a first lien on the road. The interest on the same not having been 
piiid. the mortgage has been foreclthsed for the benefit of the bondholders by 
whom it is now owned The road may be regarded as abandoned as a pub- 
lic highway. The road extends from Suspension Bridge to Yoimgstt^n, 
13.15 miles. The Board of Directors and Otficcrs for 1850 were — J}irnimn- 
, Samuel Rand, W. S. Mallory, J. (I Shi bley, W. H. Doyle, John Porter, 
Jenjamin Pringle, L. J. Shanchiff, H. IL Johuson, J, iS. fCing, A. S. Diven, 
ad Robert Bayard. Officers — George Wright, Prf^/rf^w^; W, S. Mallorv. 
l^m^urer. The Company's office was in New York City, 



OGDENSBURG (NORTHERN) RAILROAD. 
(Fmaneial year midmg Wtk Septemher^ 1859.) 

TRirSTEES AKD OFFICERS, 1859- GO, 

W. A. Whfieler Mnlvne^ N.Y. | J. S. Eldridg© Boston^ Mnm. 

A, C. Brown , .Ogdtnsburg^ N.Y. 

S, i\ F, Thorndyice, Cashier Malone, N.Y. 

KJ>. V. HoTMS, SapcrhiUndttU Chfiraplain, ** 

PnHrii-Ai. Office ......*.. Malone, FraiiAiin G?., N.Y 



294 



NEW YORK— €GI*ENSBURG (NOItTlIKR^, 



LuNCTH OF RoAD^Opdensburg to Hnusels Point , 1 18.00 mi lea. 

Lengtii of branches* owned by Company 3-75 *^ 

Second track and sifling^ 17.75 mi I en, 

RoLLiNt; Stock — L<>coTnof i ve Engine^ 28 

Cats (8-wlieel) : — Pa?isenger, let class, 6, mnd 2d class, 2; baggage, mail and 
express, 9; freight, 608 , ,.. ,,625 

Tlie Nortlwrn Ruihrnd Company was chartered on the 14th May, 1845, anil 
organiztid oq 15th Jime, 1846. The work of construction wim commonoed 
in 1847, and the several portions of the road were opened for poblic use — 
from Houtie's Point to Ccntreville, 15 miles, in Nov*, 1849; from Centreville 
to Elletibiirgh, 14 inilen, in May, 18aO; from Ellenlmrgh to Chuteaugay, 16 
milet^, in June, 1850; from Chateangay to Malone, ll2 milcM, in August, 1850, 
and the entire hue to the 8t. Lawrence River, at Ogdensburg, on the 1st Oct» 
of the same year. The F\>tr*dani Lumber Mill Branch was opened in 1^51, 
and the Summit Gravel Be*l m\d Cliamplairi Brunches in isr)4. \n Oct., 
1854, the road w;m surrendered to the trustees under the second mortgnge, 
for deiiiult of interest on the boncls secured thereby, and on the 21ftt Octo- 
ber, 1856, sold at auction upon the ftirecloHure of the mortgage, for the no- 
iTiinid Hum of SI, 500,000 — the Second Mortgage bondholders being the 
purchaser*:?. In 1857 im act was passed authon?/mg the formation of a new 
company by the purchasers, who, on the 6lb ^Lm., 1858, filed articles of as- 
fiociution, under the name of the Ogdensbnrg Railroad Company. 

Share Capital — (Paid in,) SL500,000, being the amount for which tho road 
was sold. 

Share Capital of the old Company^ 81 J7 1,380 — all of whicli was extin- 
guished by the eale, 

Fondeh Debt of the new Compuny : as follows — 

If^ Mort^ttffif V ptr cent, coupon bond^ , .81 ,494,900 

— dated 1st July, 1840, and pnyable 1st April, 1859; interest payable 1st 
April and 1st Oct., at Malone, or New York, The interest on this class 
has been jKiid. 

The "Id Mort^mje 7 per cert, bonds of the old Company were issued on 1st 
April, 1851. The amount outstanding at the date of the foreclosure was 
$3,077,000. No interest wus paid on the siime after 2Vj>ril, 1854; nor have 
any dividends been paid on the stock of the new Company. 

in detail as follows — 



Cost of Road and Equipment— $4,799/2^7 

GnuJm&lioD »nd ni«poiiry .-..»..., 11^662,822 

Bridgeiand wharfing ■ 214,280 

Sttpomtmctiinj, Uiduding iron 1^126,356 

SltHiutin, btiildtng&aii.d fixturei. < i30,39-j 

EngiQe ODd ear boafrei n7,3!*H 

Maohinory and farDilure for ihop*^ •• 13,315 



LaDd, liind-diimiigei, and fnciceB.* 
Locomotiies and iDow-plougbi • • 

P»«ie»ger nmJ bitggftgo cart 

Freight ftod olhur cnra » 

Misoelliineoui «ipendiiurei*« - «• • 
DligtjieerJDg iind ngiducios • • 



<«U0,938 

• 235,114 
. 37,040 

• 435,946 

• 156,021 

• 129,705 



RfCtipU- 

Freight-- 
Otber soanei 



Incohk Account for thk Yrar EsaiNo 30th Sept,, 1859. 

Disbu raenuntB — 



$74,961 

292.736 

16/235 



Toua 1382,932 



TrfltiefM»rti»tio& oxpoDtes. tQ62,082 

Intereft « ^,003 

Bietcouot. int^reit, flto.*-***- 2,033 

Surplui iQcamtt.- •* ■ 19,914 



Total . 



.$382,932 



• Brnnches, Tii t fmm Siimmk to (travel Roil, 1.25 tnilos } from ChumpliiiQ to Eivor Lftudiog 
1.30 mitoav (ttid (mm Vot£\him U Luuibor Mill, I luih. 



•Coitaf 
Tear Ro»<J, Jtc. 
1 =^'0 S?,973,937 
I -.(i79 

I 1)29 

1851. 5,4:15,565 
im'y^ 5,470JN 
1B56. 5,492,816 
1957. 4,741,487 
185Q. 4,788,791 
1559. 4,799,287 



NEW T0RK"=-0SWEO0 AND STEACITSE. 



ClosT, Earnings, Expenses, etc.^ Yearly. 



Mil«8, ^— 



of lloiid^ Tassen'r 
68.00 $6,623 



— (Iroas Earnlngsi — 
Freiglit, Mi&ili,ot«. 



119 00 
119 00 
119O0 
119 00 
121.75 
121.75 
121.75 
12L73 
121.75 



8^,561 
93,549 
115,079 
123,800 
115,107 
93,813 
89,962 
71.599 
74,961 



t2U,794 
200.049 
32-2,961 
392,793 
440,144 
3554G3 
343,aSl 
362,999 
323,866 
292,736 



tJ48 
7,658 
19,346 
13,651 
30,U41 
49,583 
40,009 
54,463 
15,341 
16,235 



ToUl. 
$27,765 
291,168 
435,845 
526,522 
693 985 
520,153 
477,677 
507,424 
410,806 
382,932 



Operating 
expenaei. 
•12,'?17 
163,012 
259,722 
231,634 
416,254 
384,393 
330,948 
335.P32 
283,794 
262,083 



295 



E«m'gi, * — Dir— ^ 
lesa exp. t p. o. 



S16,448 
128,156 

176,123 
294,888 
177,731 
135,755 
146,729 
171,492 
127,012 
120,849 



nil^ nU^ 



W8,022,078 1142,75 868.057 3,055,646 250,574 4,174,277 2,690,094 1.494,183 " 
Aver, 4,802,207 114,27 86,305 305,564 25,057 417,427 2G3,0O9 149,418 « 



OSWEGO AND SYRACUSE RAILROAD. 
(Finatwkl tfear mdmg ZQih S fpf ember ^ 1859.) 

BoARi> or Directors and Officers, 1859-60. 



Luther Wright Ostcego, N.Y. 

A. R Grant " " 

K, B. JmJ^n,.,,.. " " 

JB. Pentield.. » " 

JofelTiirriil " « 

Sylvester Dcxjlittle ** 



Allen Munroe Stfracuse^ N» Y, 

T. T, DavU ** " 

AiiHt in Myers , *' ** 

Ri»fu!i IL King. .......... » Albany^ " 

H. H. Martin « «» 

Samuel WiHits New York City, »* 



F, T. CARUiNfiTON, PresidnU , . . . .Oswego, N.Y. 

LcTHKR Wright, Tmwttrer ^* '* 

QcoRGL Sjcin.^^er, S/(ptfr«i»/«iMibi£ ** " 

PRiNriPAL OrricE , Oswicoo, Oswega Cb., N. F. 

LK.&GTH or Road — Oswego to Sy racuKe 35,91 miles. 

Second track and sidifig;^, 2.21 miles. 

Rolling Stock — Locomotive engines and tenderN , , . . , 6 

Cars (8-wLeel) :--rassenger, 6; baggage, mail and express, 2; freight, 42.. 50 

Tke Oswego and Stfracuae Ilmlroad Company wiis chartered on the 29th 
April, 1839, and procured a renewal of Hh charter on the 14th Mtty, 1845, 
The CompftTiy was organized on the 25th Marcli, 1847 ; and iininediately 
thereafter comnieneed construction. The road waa opeoed for public ujse on 
the 16tli Uctuber, 1848. 

Sujiiuc Capital — Authorized by charter, $35U,000, m 7,000 $50 eharefl. 
Increased by vote, - 140,000, id 2.800 " 

Cash realized, - S96,340 on 9 648 " 

The whole of the originaJ share capital was paid for at par. The second 
fk^riee <»f *^bnreB was i**sued in accordance with a vote of the Htockholdera on 
Ihf 5th June, 1854. The amount voted was 8140,000 in 2,800 ehare.^, but 
only 2,G48 were issued, the reuminder bein»^ still helil by the Cotnpnny. 
These were awarded to the original shareholdei's pro rata^ and were paid for 
in Qm\\, 35 per cent, and ui undivided earnings, which had to be applied to 
cxiQBlniction, 65 per cent 

* The funis ietdotrn to c<:>nitructton up in 1B56 inrludo' the dipcnantg on bonds, md also the 
^lUBiihillrfl iitteroil on ibirc cApititl; in 1S5G (hu9« nmuuntotl to t758|02L 



296 



KEW TORY— OGDENSBima, CLAYTON AXD ROSTB. 



FuNDKD Debt— ?213,500: in detail as Mows — 

1*^ Morigage^ 7 per cmi.^ bond^ $188,500 

— dated Ut May, 1858, and payable, principal Ist May, 1870, 886,000; 1st 
May, 1875, $nO,000; and Ut May, 1880, S52,500, and mterest semi-annually, 
1st Jan. and 1st June, at the Anieman Exchaii^t; Hank, in New York. The 
whole amount provided under this mortgage is $225,000. 

Seven per cen t, coupon honJs. __., ,.^ $25,000 

—dated 1st Jan., as follows— 1852, $7,000; 1853, $8,000. and 1854, 810,000, 
and jjayable, principal in 10 years, and interest setni-aonually, 1st May and 
li§t Nov., at the Ohoraical Bunk, in New York. 

Floating Debt — $10,875. 

Cost of Road and Equipment — $775,H77 : in detail as follows 



GmcLuatlon iiDd mnaoorj' * $252,012 

Briag^B * 15,973 

Superatructaro, IncLudiiig: iron* .*...*- 280^691 
.Statlonfi, buildingi and Sxturea ....... 8^469 

KogiBo and car house*, etc « ■ < 12,207 



Land^ Uml'diimngefl And fencca* 
Locomotivep, Riiow-ploughB, etc • 
Pn^fl^cnger and btiggAge oars.* •* 
Freight and other curs* ......*. 

Etigiofjering and agoacies* ^ • • ♦ • 



184,609 
56.639 
14.576 
3C),248 
20,247 



Receipt*- 
Piusetiger earnings « 
Frtsighy " 
MaU " 

MuiccllDknCK}iu- - . ' *• 



Inoomb Account fob the Ykak Ending 30th Sept., 1859. 



40,609 
3,041 
2,389 



Total. 



Diabursejn €nt» — 
MninlcnaDce of mnd .*■<.*.>*•»**-•« il 1,33^2 

10,706 
25.735 
l7,UiS 
3l,3:i2 
12,464 



EepniTR of mtLchiuery 

Opcroting road • . . . , 

Irtlert'st- - •• *...,.*,... 

Dividend 7 per cent, on 9,649 sharefl ' 
Surplus earning ** - 



1109,152 TuLiil"-.--- •109,152 



Dr. 



Geneual Lebomh Balance SiigbTj 1st Oct., 1859, 



Conitruction. $674,21.5 

Kquipmont * * . • 101,462 



Totnl . 



$775,677 



Cr 



Share CnplUL - • - - * • *«396,340 

FtmdtjJ Iteht.. .". 21:^51)0 

Flonliug Debt. infe-ys 

Profit and loss 154,962 

Totnl 1775,677 



Year. 
1849. 
18&0' 
1851. 
1852. 
1663. 
16B4' 
1865. 
1856. 
1857. 
1868- 



CofltofRood, 

4c 
. . $348,353 
.. 571J74 
.. &88,678 
.. 607,eO4 
.. 6:i3,596 
.. 677,754 
.. 723,683 
.. 741,618 

- 762,030 

- 761,380 

- 775,677 



Cost, Earnings, Expenskb, etc., Yeakly 

MUe- * — Oftigg Eiinriings — — -, Opemtiiig 

reijcfbt. Miiil!!i,&L'. Total, esfieuscs. 



age. Ponst'f, F 
35.91 $43,692 
35.91 57,099 
57,710 
54^03 
55,629 
66,625 
71,177 
75,394 
71,796 
69,984 
63,U2 



35 91 
3591 
35.91 
35 91 
35-91 
35 91 
3591 
3591 
35 91 



$4,903 
9.U62 
12,636 
21,016 
27,921 
34J04 
51,0;i6 
67,1)49 
72,606 
51,7.11 
40,609 



$538 
ll,.^02 
2:i5I5 
14,698 
8,173 
3,227 
4.327 
3,749 
4,971 
4,281 
5,431 



$49,133 

77,4G3 

93,861 

90,617 

91J23 

101,556 

126,540 

J 46 J 92 

149,373 

115,996 

109,162 



Si5,59l 
39,942 
45463 
47,609 
47,245 
53.384 
67,558 
72,629 
70,619 
54,649 
48,323 



EftmingSj 
\ts» eitp. 

$13,542 
38,521 
4e,698 
43,008 
44,478 
51,172 
56.982 
73,663 
78,754 
61,347 
60,829 



$ 
nil 
14,000 
12,250 
12,250 
nil 

13,117 
42,193 
33,436 
37,097 
38,592 



4 
3* 

a 

3* 
H 
8 
6 
8 



11 yra, 7,482,349 39501 677,121 393,273 64,212 1.164,606 581,712 572,994 202,935 
ATer>* 680,213 35.91 61,556 35,752 7,656 104,964 62,833 62,081 18,449 4| 



OGDENSBiniG, CLAYTON AND ROME RAILROAD. 
(flmncial ^mr mding HQth Sfpleniht^r^ 1856.) 

Officers of thk I'aMPANv, 

John Strykkr» Prtfti/tent , lli»me, Oneidft Co., N.Y* 

N, J. Beach, Tretumer aftd Secretary/ . ♦ " *' ** 



J 



NEW YORK— POTSDAM AND WATERTOWN. 



207 



Lexgth of Road, Main Line : Eome to Ogrden^buff^ , 123.24 miles. 

Branch Llnf : Flnlftdelphia to CIny ton 14.74 ** 

The Offd^fmhif^^ Chiffon and Rmne Ratlrmd Compani/ wua orpfanizcH] iiikler 
the General Law, tim] filud ArtielL^s of Assndation on tht^ IGlh April, 1853. 
On tlio 27th Miiv nf the same yc'.u\ tlie village nf R»mio wan auUninxcd, by 
an act vt the Legi statu re, to subaeriUe for 1,500 siiares in the <^apitul stock 
of the Cinnpany. The surveys were cnnipleted in November, 185^1, and con- 
fitriK'tion was cunimeneed ia tho spring ol 18i>4, No part of the rout) wan 
ever opened, and in 185(1 work was suspended. On the 1st April, 1859, the 
Company ceased t^* exist by liniittition of its charter, having expended about 
8550,001) in coub! ruction, etc, 

SuAiiB Capital— Authorized, S2,(ll»0,n(J0, in *20,000 $100 shares. 

Subscribed, 1,002,400, in 10,024 " 

Paid in, - 474,481. 
— Which includes H/i24 shares subseribod by iudividuuls and contractors, 
and 1,500 subseribed by the village of Rome. The stock awarded to Homo 
was to be paid for in boadis: of these $75jUU0 had been issued to tlate, 

Fes BED Debt : as follows — 

l§t M€>rtgaffe^ 7 |W cmL^ coupon hond4 ___ .$10,200 

— dated 1st Jan., 1855, and payable, principal Ist Jan., 1870, and interest 
1st Jan* and 1st July, at the American Exchange Bank in New York, 

Floati.no Debt— 364,008. 

Cost of Road am> EauiPMBNT — $488,806 : in detail as followa — 

OrmdiiAtioD nod moMinrj' ■ » $333,733 Fnnititiger nntl bmggngo cans **.•.. f7,5Q$ 

Bridg«« •-• 4,(XK» Engincoriog - ••••• 28,115 

Sttpenlmeturo, Indadiog iron -'- 8,705 Agencies-- ••■ ♦ ,.,,,,,, 8,352 

IiMul, Uiid'd«mftg«8 and feac«4- ***•■< 73,629 Salaries not IdqI tided in abore 1^,763 



POTSDAM AND WATEHTOWN RAILROAD. 
(Financmi year endhiff ZWi September^ 1859.) 

Board of DfBi:cTous and Officfrs, 1859-GO. 



Hiram Hoi comb IVfUertmrfty N. Y, 

Alexander Copley QutniiKjnl, 

Uirain B. Keen * ♦ , . , Anhm.rp^ 

George B. Phelps .,,..♦ Watirtoten^ 

ZenaA Clark * . Potitdam^ 

Blounifield U^ber « 



Auron T. Hopkiui^ Potsdam^ K.Y. 

Uenrv Knuwies ,. " ** 

Dioiicl (hiy*... " " 

Willis Phelps Sprhtrjfithl^ Jliisa, 

Ehenezer Miner CatUvn^ N.Y. 

Barziiki HiKl^kiu " ^* 



EiiwtN DotKJE, Prts^idtnt , ,Gmivernenr, N.Y. 

BisziLLXt rioDSKiK, Treasurer WatertowD, '* 

George B. Phelps, SaperinUmietU . , ** " 

PmiKcrPAL Office. Watertown, Jeffermm Ca., N.Y. 

LxvGTH OF RoAD--Wjitertr»wn to Potsdnm. .*..., ..,.•...• 75.36 miles. 

Secoad track, iacladrng *4i dings, etc., 2 miles. 

Bof-UKR STocK^Locomoti ve engines*. r 6 

C»r^ (8-wlieel): — Pus^eager, 1st cI&hs^ 4 ; baggage, mail ami express 3, and 
frc i j^Hi t, 30 37 

The Potuhtin ami fFitft^rfofvn flftifroftrf Compunt/ was orLranized under the 
General Law, and tiled Articles of Associaliou on the 2Mi February, 185ii, 

38 



29S 



KEW YORK— POTSDAM AND WATEKTOWy, 



The work of construction was comTiicneed in the sprinj^ of 1?^53, That 
portion of iho roa4 between Xorch Potsdam and Potadarn, 7 miles, was 
completed on the 20th Uetober, IS.Vi, aiirl on the 22tl November of the same 
yetir the seettoD from Watertown to Evans' Jlills, 10 mdesj. On the 1st 
June, I8ii5j it was opened to Phihulelphki, 7 miles, and on the 23d Augiiist 
ftjl lowing to Antwerp, 6 milcfl furth«r; on the 30th September, 185G, it was 
opened to BeKulb, 43 niileH, and by the end of that yei^r to Hermon, 52 
miles from Watertown* In June, 1HJ7, the road between Hennoo and Pots- 
dam, 18 miles, was completed atid the whole line opened for public use. On 
the l*:itli November, 18l»8, the President of tlie Company surrendered the 
road into the hands of the Trustees under the 1st Mortji^age, default having 
been Tnade in the payment of the June interest on the bonds guaranteed by 
the Watertown an* I Rome Railroad C<jm|jany, and tlie road was operated 
under their direction until August, 1859, when the Company was reinstated 
in posscsi?ion under a decree of the Supreme C'ourt. The overdue interest has 
since been paidj ia part by the Wntert*nvn and Rome Company, u-fnck $ee, 

Bhark CAPiTAL-^Authorized, 82,000,000, in 20,000 glOO shares. 
Subscribed, - 792,900, in 7,929 '' 

Paid in, - - 005,419. 

Funded Dkbt — B91LO00 : elassilied as follows — 

lii Mortffage, 7 per cmt ^uortmU^d h^mds.. ,. _,_ $800^000 

— dated 1st Dec., 1853, and payable as follows : — $200,000 in 11 years from 
date ; $200,000 in 16 yeai-s from date; and 1400,000 ia 21 years from date; 
interest semi-annnally, 1st Dec, and 1st June, in tho city of New York. 
Both princijHil and interest of these bonds are guaranteed by tho Watertow ii 
and Rome Railroad Company. 

2d Mortifiiijf^ 7 per tvni. coupon hond^. ^ ...,, $111,000 

— dated 1st April, 1857, and payable, principal in 3, 4 and 5 years, and ia- 
toreat semi-annuaUy, 1st Dee. and 1st June, in the city of New York. 
The rnortiLfage in this case provided for aa issue of bonds to the amouot 
of $200,000. The interest on this class of bonds has not been paid. 



Floating Dkbt— $192,748. 



Cost op Road and Equipmbst- — $1,594,956: in detail as follows 

Gnulufttiun nnd motfonrj * 1533,555 I Laciil, land-dmniiges a.n<i fcucei' - 

Biitlgt?ii , 29,7611 1 LiioomuUv'os ami lljctureA, eto •• •• 

Superstructure, includluj^ iron. 812,109 | pHSi^onger ami bn^^^nge omn-- •• ■ 

StutioDi, buildings nad fixtures - 29,497 I Freight nud other cuini • • • 

Eagini! nod u&r boase«i^ mucblno fthupS' 7,153 | Engiiiourlng and agenciei' ••••>' 



«70,077 
34,500 

28,122 
44,512 



RtceipU — 
passenger camlngi* 
Froijlfht '' 

Mail, exproii, eto.'* 



Incomx Account for tub Year Endino SOth Sept., 1859, 



$51,339 

42,413 

6,2% 



Tot*l -- %\mMi 



lH»bu rsemcnU — 
Eoad tnaint^itiAace.- • • • 
HapAim lif mAcbinerj ' 
OparatiDg road. .,.-..- 
Intoreit paid -.»..«*.< 
Surjilui income. •■ 

Total ..- 



. ilbVBQT 

♦ 5,573 

• 3U.O06 
. 38,062 
. 9,529 

'ilO0,(M7 



Genibal Lrboer Balance Serit^ 1st Oct., 1859. 

Coit of road. $1,527,072 

" of ecjuipmAiit ♦..♦,. 67,S94 

Profit and lo48» » 174,211 



Total 



.11,769,107 



.Sbaro Capital p«idU3* 
Fixndftd i>obt- " 



FlontinB l>i*bt* 
Totol 



• $665,419 

*. 9U,0DO 
.. I92J49 

* $1,769, 167 



J 



KEW YORK— PLATTSDURO AND MONTREAL. 



290 



Tear. 
1355^ 

11857 *. 

'1958-* 

5 jra * . 
Aver* 



CtMit of 

Road, Ac* of Roiiii, 
•749,6^3 29.36 

1,555,529 

1,594,956 



CosT^ Earmnos, Expenses, etc*, Yearly. 
Miles.-- ^-Qtxm Eunnng^' — — — * OperiitiDg Esirn'gi,^— Dir-^^ 



54,00 
7536 
75;i6 

7^:m 



16,856,576 309 44 
1,371,315 bl 83 



Piiis»en*r, Frsigbt 

«ii,id€ •li.eor 



2S.050 
50,119 
5l,3:i9 

IG'2,297 
32,459 



25,719 
22,617 
38.429 
42,413 

143,9S4 
23,797 



MiiiLi,i:to, Tutal. 
t392 f26.'?85 



1,036 
3,032 
6,838 
6,295 

16,5^ 
3,319 



49,353 
53,699 
94,385 
11)0.047 



i26.3B5 
48,358 
25,&93 
4H,672 
52,466 



I oxp. i 



2B,0O6 
44,713 
47,581 



322,874 202.574 120,300 
64,575 40,615 24,060 



nU. 



P ff. 



PLATT8BURG AND MONTKEAL RAILROAD. 
{Financial year ending 30/A September ^ 1859.) 

Mo8isa K, Platt, SujteriiUtJuktd ami lievtit^n,, , Platt-sbiirg:, N*Y. 

Principal Offick., PLATTSBt'Hfi, Clinton Co.^ N,Y. 

LcMOTH OF RoAP — PJnftsburg to the Cnimck lane.. 23.17 miJoa. 

Second track, inchiding sttling^^ etc., 4.96 miles. 

Rolling Stock — I^cK^omof ire engine«« 3 

Curs (8-wheel) ;— Pas^engor, 3; bftfji^iiffe, nmil and express, 2; freight, 22. 27 

The Plaftuhurq ami Montreal Ilffihmid Compant/ was or^iuuzeri under the 

tyenerul hiw, arid filed articles of as.**0€iati<>ii cm the *Jhth Mrtruh, 1850, 

I A II act of the Legishiture pruviou^ly declared the public utility of a railroad 

[trom Vhtiiilnivg to the Cmiudu Line. Tbo work of coTJslrueticjri was com- 

licnced in 1851, and the road \va« opened for publie uso from PlatUbyrg to 

Uooer'A and a junctiou with the NortherD Radroad, 20i miles, on the l26th 

luly^ 185*J, and to tfie Pi'ovime line on the UOih September of the Banio yean 

\i the latter point it lueeb^ the Montreal and New York road extending' 

>ni the St Lawrence. The Company bein;^ in default on interest, prti- 

ceedinsrs were connneneed on beliall of the bondholders, and the road sold 

>a the forecloj^ure of the Lst Mortf^^anje, on the 24th 8eptemlier, 1858, for the 

fncnTimal syni of $lf»0,(irH>, the 1st Mort^ai^e bondholders being the pur- 

Kjhaser?. A new company has not yet been formed, and the road is operated 

DV a Trustee appointed by the Coiiit. Since 1852 no reports have lieen 

>ubljshed by the CVjiupaii^^ nor rmy statement showing the c<t§t, earnings, 

etc., of the road. Under the i^ale, the cost fd' the road k represented by the 

linouDt of the purchase money* The earnings of the road for the pawtyoar 

F^ere $22,276 ; current oxponifies, $20^087. The earnings of the road since 

its opening have probably not exeaeded the cost of its maintenance and 

moxjing expenses* 

Share Capital (paid in, 30th Beptamber, 1852)— $174,042, 

FesDEo Debt (Old Company) — $300,000: in detail as follows — 

1*^ MortifOffe^ 1 per eent,^ coupon hondn. __..,, S200.000 

— dated l»it Juno, 1852, payable l«t July, 1862; interest payable 1st Jan, 
and iKt July, in New York. The intei-est baa remained unpaid since 1858. 

*2d Mfyrt^age 7 per cent, coupon hond^ ,. ,-$10< ^,000 

— dati^d Int Jan., 1853 ami imyablo 1st Jan., 1808; interest payable 1st 
Jan and 1st July, in New York'. Interest on tlie^e bends haa not been paid. 

Cost of Road and E^^tJiniENT (30th Sept., 1852)— $349 JT5* 



300 



NEW YORK-PANAMA- 



PANAMA RAILKOAB. 
{Fmanciid year eudin/f Mat Decemhet\ 1859.) 

BOAHD OV Di KM* KIRS AM) Ukficers, 185D-60, 



W. n. Avpmwii!K..iVea? Yvrk C%j K.Y. 
Edwhi Hartlett.. .. " <* 

Saiii'I \\\ Cotn^tock, *' « 

Kdvv'urd Ciiuanl. ♦, . " *' 



(louvenicur Kemble, iVt-w York CUi/^ N-Y 
Tbewbre W. Hi ley . ** ** 

W. -" * 



tew right, 
Jolm Stewart. . . . 
Is^aac Townsend*, 
VV^illiam Felluwea . 



Davjd Moadlky, PreMent New York City, N* F. 

JosKPH F, Jov, Secretary » *« 

AutiusTFs Hoffman, IW/wnrer < - • . . ** ^* 

G noRGE "SI. ToTTEN, Chief Engineer , , , Aspiiiwdl, N.Q. 

A LEX a.vdf.r J. Center, SnperintendtfU , " " 

PiiiNcn'AL Office. . . , . ...No. 88 W all street^ New York City, N.Y, 

Length op Road — iieiimwall to PHnaiim *.*•«• 47 miles. 

RoLi'tNG Stock — Locomotive enpnes *.,..,. ••.••«,.• 11 

Cars i^PflKSsenger, 22 ; iiierchaiidi?»e, 70 i others, 50, , ,- 142 

The ranama E^iikoad Coinpan^j is u cur|>ortilion fif the State of New York; 
find vv:is dmrtered UUh April^ lS-19, and organized hi June followmo'. Per- 
mis.sion hud been previotis^Iy obtained from tlie Government of New Granada 
for the eonstniL-tion of the road, und on the 12th June, 1S49, a definite con- 
tract was concluded between the Compimy and that State. The work 
of con.strnction was eonunenced in 1850^ and in Miirch, 1852, trains 
run over the first t^ection from A^pinwall to Gatun, ii distance of 7^ miles, 
nnd in July to Barbucoas, 28 J miles. In February, 1854, the bridge over 
the Chagres Kiver havinjuf been completed, the trains were run to Ubispo, 
31 miles from Aspinwall, and on the 17th February, 1855, over the entire 
line from Ae^pinwall to Psmamn, a distance of 47| miles. 

The contract with the Govermnent of New (iranada secin^^s to the Com- 
pany the exclutive right to construct and maintain a railroad acro^^s tfie 
] St hums for a |icriod of 49 year^ from the date of opening of the road for 
iud.>lic use — the (Tovernment rcf^erving to its^elf the right to repos8ee<i* itself 
<d' the grant and jairrhase the road at the en<l of 20 years from the opening 
tberecd' on the payment to the Company of 85,000^000; or at the end 
4if 'id jears on the payment of §4,000,000, or at the end of 40 yeui*? on 
tlie payment of S2,O0lM)00, one year*M notice of an intention t(j avail iti^elf 
of thihi imvilege being first given. At the termination ot the contract, the road 
will become the property of the Government, Kxclusive privilege is also se- 
cured to the Company to use the portn at the termini, and all necestfary lands 
for t!io proper exercise of the privileges granted. The Government of New 
Granada alt*o granted to the Company all the hinds necessary to bo tised in 
the construction and working of tlie road, ;ind for seaports, dry d«tcks, river- 
ports, landing ]jlaces, wharves, places of lightera^^e, warehouses, stations, 
ta)tebi and all tlie vacant lands on the island id" Manzanilla. These granls 
to revert to the Government on the termination of the contract. 

A grant was also nuide tu the Company of lOOjXM^ /(tnrf/ndtt^ of vacant land 
within the provinces of Panama and Veraguas, whcch may bo increased to 
150/IOn fanegadas, if such »]uaritity should be foun4 at the tlisposal of tho 
government The Company lias hlierty to select them in the continental por* 
tion of these provinces, it being stipulated that in those which may be selected 
ou the line of the roud, or in Its vicinity j euece^Bivo ijitervuls of e(|Uul 



NEW rORK-PANAMA. 



SOI 



extent shall be left to the government. If there shnuH not be wilhm Pana* 
ma and Veraguas vacant hmtis to the amount of 100,000 fatiegadae, the d^v 
fici«.*ncy is to be mi*de up fnjui tlie continent id purts of Cartagena, Santa- 
Martu, Hio Harha^ and Choeo. Tliese vacant lands are granted to the 
Company in full ownership and in perpetuity. 

The State also eonfens on Uie Company the fnllowing right.s^ franchises and 
exemptions ? — all tlie riglits wliich the hiws confer upon the executive admi- 
nistration of national winks; tlie security, u^e and jireservation of its vvay« 
of communication liy poliee reifulations propfised b}' Compitny, anil approved 
by the nationid executive ; iuUeii of transportion^ jmrt ilueHj boiird, tutorage, 
etc, ti^ed by find modiiicd at the pleasure of the C'oinpany; the exchisive 
enrriage of the mails from ocean to ocean ; services c»f all kinds to be per- 
formed excliLsively by Comp.'my'^ own agents; the introduction, duiif free^ of 
all implements, fnachines, tools, ete., intendeil for tlie construetion, working, 
and preservation of the road, and als^o the articles required for the subtJist- 
enee and clothing of the laborei-8 employed on the work; the non-iini)ot;itton 
of taxes, or c-ontrilmtionB, whether nutional, provincial, or municipal, on the 
Company's property, or on passengers, money, merchandise, etc., which may 
be transported across the istlmius. Foreij^ners settling oti the Cofnpfiny's 
lands are to be free from military duty, and forced contribution^^ for 20 yeai*s, 

la compensation for the ]>rivileges conferred the Companv contract to 
can*y the mails of New (Tranaila free of cost; also the national trocrps, war- 
like tiiore^, arms, etc., etc., of the republic; and to pay to the government 8 
per cent, of the total protits of the Company, and als<» a per cent, of the 
mail eiirnings, which sum is to amount to at least $10,000 annually. 

Tiie Panama l^ailroad commences on Manzanilla Islaml, in Navy or 
Limon Buy, in lat. 0^^ 'IV 2^^' N., and hmg. 79'' 55' ;Vi" W., and aljout 17 
miles east of Cliagres liiver This terminus is on a small indentatimi known 
as Victor Jiuy, upon which is situated the town of Aspinwull. The line 
then croi^ses the shoul waters of the bay, skirting the west shore of the 
bland l\ir abmit three- quartern of a mile, when it crosses the Chiima I to the 
main land. Tlie line then follows the southern and eastern shore of Liiuon 
Buy, until it reaches Uio Mindee. It then extends across the peiiinsuh' 
formed by the Bay and the liiver ChngreSy striking the bank of the hitter op- 
pO€iite Gatun, 7i miles, Ironi AspiinvalL It then follows the valley of Chagrea 
to the month of the Kio Ubispo, crossing the river at Barbacons by a bridge, 
625 fe^t long. The line then follows the valley of the Obispo to the summit 
between the two oceans, :j7i miles from Asjiinwall This is passed by a cut, 
one-quarter of a mile in length, and 24 feet in depth. After crosjsing the 
nummit^ the line falls into the valley of the l?io Grande, wliich it follows with 
a grade of 60 feet to the mile for ftmr miles ; and crosses the Pedro Migtiel, 
Oaimitillo and Cardenas rivers, near their entrance into the main river. 
From thenee the road extends across the savaimas of Corasal and the swamp 
of C/orendu, cutting thmngh a .spur of the hill Ancon, and reaches the Pacitic 
Ocean in the northern .^ulmrb of the city of Panama. The highest point in 
the road is 258.64 feet above the Atlantic mid 242 JO feet aliove the Pacific 
termini of the road. Of the whole line 23,40 miles are level, and 2H.00 milea 
straight, The rail used weighs from nO to ^^"^ pounds to the yard. The ties 
iiised are Hart urn vii^. The culverts and bridirea arc constructed entirely of 
maaoary and iroo. 

BiiAas Capital— Authorized, €7,000,000, in 7,000 $1,000 shares. 
Paidio, - t4,973,000,on4,S>73 " 



802 



NEW YORK-PAKAMA, 



FuNDEB Debt — $2,427^000 : described as follows— 

I# Mortffmjf 7 prr cent, tterhn^ hond$ __ $1 ,250 ,000 

•^-dated 10th April, I8f>5, mid jiuyable, principal 10th April, 1865, and ia 
terest Bemiaimmilly.lOtli April and 10th Oclt*ber, in I.oudim. 

2<f Mortffftffe^ 7 per cent. , det'Uni] hmuU , ..._ $1^1 50,000 

— dated 20th February, 1857, and payable, principal 20lh February, 1872, 
and iiitereet semi-annually, 20th February auo 20th August, in Lond*on, 

Converiihk 7 per cent, bonds $27,000 

— payable in 1868, and intertjet serni-ammally, let January and Ist July, at 
the Uonipany^e otKee, N&w York. 

Floating Debt — ^None. 



Cost of Road and Equipmknt, etc*— $8,000,000* (No detail) 
Statkment Foit THK Ykar Kndino lilsT Dkce«bkii, 1859, 



ReceipU 
SurpliJA uf " Incomu Account" afUsr 

divickui Gib Jununry, 18&9- ***. • iS^B.lOd 
Reeeipl^ for joar 1659, vis. ; 

P«j«!*eii^er eiirniugs* • •• * * ■$1,110,118 

FrL'igLl (uierchnndiie) eamings** * lifJ2,ii^'<f 

** (rrcu^uro) " ... 159,:j'i3 

Mupil Lrai)«i*orLutiun " «. lOU^UUG 



Total 



.«,606,982 



0|jvrutiug expcn.BC8* «»***«.. 

T>efireciiilion.^ -<•* ...•. 

Office ex{>etiii(<is ........,, 

N. Grenada proportion of mail rcrvipla 
littcreM, witii exchai-nj;rQ and oomuiiaiioa 

Ifci xMort ittrntm {jcmXQOi}} • •• - 

2*1 iMMrt loo.lfi (jt;225,&L)U) 

t'onv. iMjndfl Ul July, ^iJiUU-O, 3| p. o. 

'' '* Kl J;m"miry, griT.OOO, " 
Prciii of i^Xidiiiiij^e un rem, to LooJon 
Uiv. Ku 14, I St July, '59, ou tl,9*i7,0(iO 

" Nc». 15, M Jau,, '60, on «4,97a^0(l€ 
New GiNunridu, 3 ptr cent, on tltviiicind 

Approprialtun lo 8iukiug Fund 

Income But divided ■ • * . - 



Totml 



•416,919 
40,000 
26,207 
10.000 

* 1&0,694 

77,770 

1,155 

73,1£8 
299,02t) 

298, jeo 

n,*r92 
lOO.OtKJ 



-82,50G.i>6'i 



G ENTERAL Statement, HUt December, 1859. 

Cr. 

Capitnl f4,97i* ■hum)- $4,972,000 

Convertible bo&ds 27,<HM) 

lii Mort. Slcrling bonds, due 1865. - ],250,0tK» 
2d '* '^ *■ due 1872... 1.150,000 

8urf>l us ineouic, 1 959 • • • • • 997,2M4 

Previuas a<K:uuiulnticDB &Oi,76ti 



Coustiuction nnd equipmiint i|^,000,000 

Slock in N, Atliintic !?. S. C<>mpftDj.. 600, UOO 

Slcnincr *' U ua ti'roala" .......... 1 5tlU(K;) 

Bond» due l^t De-u, 1859, and paid-- 550,000 



I^Bfel' 



*9,200,000 



Tottil-. .$9,2Ot)^00 



CiMl (>f 

Bond. etc. 
»2' 1,500,000 
'3-2,500,000 
'4 4JP6,nOO 

'6'7,464,&K<j 
'7. 7,775,619 
'8.8,000,000 
»9- 8,000,000 



Cost, Eakm 

Mile- ^-^ 

flige. PttSB'er. 
23.00 1204,690 
23 00 226,919 
326,132 
<j67,815 
774,510 
742,250 
791.994 
1,110,118 



Ki 



3100 
47 57 
4757 
4757 
47 67 
4757 



lirmH Kiiroioifs — — — 

Freight. MttiU Trensure 
«23,826 $64,421 #5,692 
44,948 113,685 31,04*i 
70,2:^7 128,825 20,744 
181,994 114.5^8 I48,:i50 
348,5<i7 158.278 15^,621 
378.677 112.059 144.479 
478.937 1(JO,000 153,773 
602,392 HiO,(K)0 159,363 



Ykarlv, 1852^1859. 

. Operiiltng KniniDgiBi, 

Tot^l. «x]l>eelM^ii Icms exp. 
$299,629 f73,999 r224,630 
416,598 113.950 302,648 
645.929 116.542 429,386 
1.112,747 293,074 819,673 
1,439,976 356,054 1,083,922 
1,377.363 470,637 9CMi,72« 
1,524,704 472,508 1,052,196 
1,971,873 492.026 1,479,847 



DIt . 

• p.c. 

tt61J75 10 
210,928 8* 
205,30fi 7 
496,500 12 
B86,(J60 12 
694,331 12 
611.202 12 
614,292 12 



45,099,864 313 66 4,844,428 2,129,468 801,855 822,067 8,687,819 2,388,790 6,299,028 3,468,794 
6,637,368 39,33 606,663 266,183 111,402 102,756 1,086,977 2»8,699 787,378 433,599 10.7 

NoTK,^ — The exp«Tmoii imdudn !he pntinfni to ihe Npw Omnwdliin Gavemmoot on mccounl of 
mail »erTuo, nmouuling at leit«t to 910,000 annually ; nmi ihc dividvml, tlii; three per cent, paid on 
Account of the profit of the romd^ 



NEW YORK-RENSSELAER AND SARATOGA. 



303 



RENSSELAER AND SARATOGA RAILROAD. 

{Fitutncial year ending 30^/^ Septrmher^ 1856.) 

Board of Directors and Offjcers, 1859-00. 



J, Van Scbnonliooven 7Voi/j N,Y. 

D. Southwick..-, ** '* 

E. T. Gale » « 

George B, Warren ........... " " 

Gcorfije 1L Warren , ,. . " ** 

Guorge II, Cramer,. ......... ** " 

E OM L^ N D Sen R t VE tt , Pte^idmt and Treasurer 

L. IL Tlpper, SaperiiUendcrU ^ ......*. . " " 

PmsciPAL Office , •. ......Troy, Rensselaer Ca,, N.Y. 

Lkngtu of Road— Troy to BaUston. * 25.26 miles- 
Sec o nil truck, sidmjjs, etc., 2.01 miles. 
Lmttd — Saratoga and Schenectady lUilroad. 21 ^50 ^' 



J. A. G ri^wold Ti-oy, N.Y. 

Thomas White , ** " 

George Dauciiy ** " 

J . AI. Ci>nk • Bailst&n, " 

J. Knickerbacker Waterfnrd^ ** 

G. \\\ Kirkland Brooklyn, « 

Troy,N.Y. 



Total length of road operated by Company 46 J6 miles. 

HoLLtNG STocK-^LoconintJve engines. ......... .........•..•..••. « 5. 

Carn (8-wrlieel) : — Pttissenger, 1st class, 11, and 2d class, 2 j baggage, mail 
and express, 7 ; rreight, G3 ^ 83 

The Remseh^ and Saratoga Company wiis chartered on the l4th April, 
1832, and orgi\nixed on the 8th Muy following. Ooriatniction was com- 
menced in the fall of 1S33, and the road complcti^d as fullows : — from Balls- 
ton tn Waterford, 21 miles, on the 19th Aiin;usi, 18^:t5, and from Watcrford 
to Troy on the lOlh March, 1836. On the 1st January, 1851, the Company 
took a lease of the Barattiga and Schenectady Railroad^ piiying ae rent 
therefor $30,150 a year. 

Shark CAPitAt— Authorised, $610,000, in 6,100 $100 shares. 
Paid in, - 610,000 ** " 

FcNDED Debt— $140,000 : in detail as follows — 

\$t Mart^a^e, 7 per eeftt., coupon honds $1 40,000 

— dated 1st July, 1853, and payable, principal 1st July, 1863 ; interest semi* 
lually, 1st Jan. and Ist July, in the city of Troy. 



Cost op Road and Equipmbnt — $901,025 : in detail as folio ws- 

9110,069' Landt lAnd-damnges and femcofl' 

254,90'1 Lticomotivos and stmvf plotighj' • 

249,042 Panengor and bufigAgo can ' >• 

38,454 Freight und otlier cars- » 

27 J91 Engl HOC riu^ nod agenoist 



Gnulujitioci %tid maaoory • *..«*... 

Bridgci • 

SnperBtmcture, iaQludbf; iron** •• 
Statsoot, baildiogt snd Gxtar<}ff>>*' 
Bsgiiie and car boufies, shops, etc - 



« $45, 162 
- 68.626 

• 38.U09 

• 6€,H2 

• 18.B36 



PauBanger earoion* 

Fwifht 



Income Account for the Year Ending 30th Sept., 1859. 



•129.001 
. 80,200 
. 26,701 



lbtel> 



.12^5,902 I Tt»t«l . 



DUb u raemenU — 

MaialenaijcB of way 162,964 

Hupiiira of rolling stock 17,804 

Op«rAting expcniiea » . . .. 66,365 

SiLratoga and SchenecUdj RR 32,254 

Sttratofca A Wliitehall HK. Co. donation 3,420 

Troy Union Track - 7,406 

Troy Union BR. Cd. priocipftl and int-. 1 '2,443 

Ifiu-rcist - 10,469 

Dividend 6 per cent 36,600 

Stirplui income *-< ••• 6,177 

•1235.902 



301 



KEW YORK-UOCEESTER AKD OEXESEE VALLEY. 



GuNERAt ListxiEii Balanck Sheet, Uc Oct.j 1S59 
Dr. 

Coitof Road- ..-.t734,2JS 

Cost of Equipment JB6 J77 

Surplus iucoiDo * «. *j .. », . 6J77 



Total %9Ql,20-i 



8hare Csipital- - - a610,0OO 

¥unilM Debt 140,000 

Eiiroijigi iuiroBted, oto • 157,202 

Total |S07;iO2 



Cost of Road, Eahninos, Exvknses, ktc*, Yearly. 



Year 
1944- 

leas- 
ts 16* 

1S47. 
1&49- 
1S49> 
1830* 
1831- 
1852* 
1853* 
1854. 
1855* 
1856- 
1857^ 
1858* 
1859^ 



Coit of Ron4j 
& Eijutpiu't 
^ 475,801 
- 475,801 
. ilb.mi 
. 473,feOl 
> (>Gl,9U 
. 674,799 
. 687,324 
. 723,965 
. 774,494 
. 606,7 12 
. 61^,183 
. 890,423 
. 898,805 
. 900,267 
900,560 
BO 1, 025 



Mile- 
age'. 
25.2G 
25 20 
25.20 
25.26 

25 26 
26.26 
26.26 
'25 26* 

26 20 
25 26 
25 26 
25 26 
25.26 
25 26 
25,26 
25 26 



23,639 

28,458 

32,367 

4U,56i 

33.662 

8L791 

84,463 

134,299 

136,473 

138,888 

141,614 

143,133 

139. ly I 

125,766 

115,088 

129,001 



— Gross Emmmge — ^ 

Freigbt. Miiilw, iJtc. ToUl. 



6,963 

6.936 

8,173 

9,403 

9,961 

14,453 

16,547 

42,055 

57,837 

61.800 

71,244 

67,180 

71,382 

73,969 

66,068 

60,200 



11.389 
9.781 
9,984 
11.302 
11.507 
17,759 
11,716 
13,039 
19,768 
18,083 
19,490 
30,e36 
27,349 
23,207 
27,046 
26.?01 



41,931 

45,175 

50,524 

61,268 

55,130 

114,003 

112,726 

189,383 

213,079 

218.771 

231,343 

241.149 

237,922 

222,942 

208,222 

235.902 



Ex- 

poosea. 

29,531 

33,943 

41,460 

37,tl8 

39.916 

71,031 

61,918 

79,994 

116,341 

137.789 

155,021 

128,398 

163,739 

177,572 

151,316 

159,387 



Net 

Eftrnings. 
12,400 
11,2J2 
9,064 
23,550 
15/214 
42,972 
50,608 

109,499 
96,7J7 
60,982 
76,327 

112.761 
74,163 
45,370 
56,906 
76.515 



^DlT^ 



t 

10.500 
12,000 

9,000 
21,000 

nti. 



pc. 

H 
4 

3 ' 
7 

ni 



30,000 m. 



16 ys. 11.617,582 404 16 1,527,386 664,131 287.957 2,479,474 1,584,964 894,610 
Aver* 726,099 25.26 95,461 41,503 17,998 154,967 99,060 55,907 



9,000 
39,300 
42,658 
42,700 
30,470 
42,700 
48,800 
49,800 
IB.:^ 
36,600 

441,828 
27,614 



56 



ROCHESTER AND GENESEE VALLEY RAILROAD. 
(Fifmncial year ending 30/ A September^ 1859.) 

Board of Duu:ctous anu Officers, 1859-GO. 



Daniel W. Fitzbugh,, . . Gaifsco^ NY. 

I^iac 1 li lis » . , , * . UiKh^sttr^ '* 

IL i?\ Faiiclnid ** *' 

Samuel Milter........... " " 

E. Wbaleii " ** 

N.Pickett « ** 



SftiiMiel W. D. Moore..-- ./JocA«iter, K.Y- 

\\il!iiiin Windgett. " " 

A. D. Pntcbin.. Buffalo^ •* 

Jobn B. Mtirray.-, .•3/a««i Moms^ ** 

Jobn Magee , . - . - Bnih^ " 

Freeman C la rk Ro<:he&ttJ\ ** 



P'reeman Clark, Presvient - Rocbester, N.Y, 

hwc 1 1 1 L is, Treasurer and Secretary, • . < ^' " 

11*:nhy O. Fisk, Sttperintciident " " 

Principal Oirici:... « Bochhster, Mmroe Cb., N.Y. 

• ■ 

Lj;:ngtii of RoAD^R<>€hester to Avon, - - 18.45 miloi. 

Second truck, (*idinj:?s, etc , 1.25 mile. 



The Mochifster and Genesee VaUey Railrmd Compmiy was organized tinder 
the gcneml hiw^ atid filed articles of nr^sociatirm on the 2d July, 1851. The 
work of const ruction was commenced in October, lH5*J^and the road com- 
plete^i in Au]L,m8t, 1854. 8in€e the 1st duy of Octnber, 1S5T, it has been 
operated by the Buffalo, Corninrr joid New York Railroa*! Company, and by 
the stieeessor to this — the Buffalo, New York and Erie Company. For the 
six months ending March 31, 1858, the Rochester and Genesee Valley Rad- 

* £lerea montha* opemtions. 



NEW rORK-ROCHKSTER AND OEXESEE VALLEY. 



^^05 



rotul Company received 55 per cent of the gvom e:irning;s, and fur tlic six 
uiontlm enduing tlio net earnings. On the 1st Octoher, 1858, the road waR 
leased to tlie BufFiilo, New York and Eric Knilnnid Company for a period 
of ten years, the latter agreeing" to keep the road io repair, an J pay, as rcnt^ 
4S per cent of the gror^i^ eaniiag^. 

SuARB Capital— Authorized, S8(M>,t)t)l>, in 8,000 «100 fiharea. 
Paid in, - e5i:.7/>00, on '* " 

FcNDED Debt — $150,000: deBcribed m follows — 

It* Mort^a^e^ 7 p»r cent.^ coupon hotid* .... 8150,000 

— dated Ist Sept., 1854, and payable, principal, Int Sept., 1804 ; and interest 
semi-anQUuUy, 1st March and Ist Sei»L, in the City uf New York. 



Ploatino Dkbt— «23,493. 



Cost of Road and Equipment — $65;i,9l27 

Qrednattoii and tuaBoorjr' * tl87,'167 

BfkA^f • » .. 2l,79fi 

Superstructure, in 1^1 uding lron»» »*••»• 219^430 
SUtiotu^ buUditigN nnd aiLturoB 9rJt>6 



in detxiil as folio wi 



Engin<! nnd rjir h«m)c«' ..,**.», 
iriiud, Innd-di(Uiiigoii and feneei* 

Freight find oltior cars 

Kugiueering and ngenciefl 



$7,278 

154,076 

1,776 

19,718 



LcssebV Account ok Operatlons for the Year Ending SOtu Sept., 1859. 

RtetipU — I DinbarscmtnU — 

Psoenger enrtiingi* >• |l2Bt4]2 | Maintcnanvti of wn^r « <-• #4,502 

Freigtkt " • *-• 14,364 | Keptira of rolling f lock** *• ••• 3,7S4 



JlmllJ,«tc.< 



l,M4 



Oporutin*^ €!X|i«Diiej!'* • *• ♦. •♦ ♦- . 11,273 



Totiil< 



Per cunta>;i} R and 0. V. RR* 

^'et carninga to B, N Y. and B. RH- 



21,226 
3,435 



«4,220 Tot4it .- .^ S44,220 



Cohpany's General Account for the Year Enpino 30x11 Sept., 1859. 



Reiulpiw— 
P^irnggr eiuiiiogi<*>* 
Frvigbt *< 

Rs|irMt, et*' 

fUftl of real e«l«t6< - ** • 
C«jh, lit 0, lobar, 1858. 
€»piul ftock '." 



.$n,(;38 
. 6,894 
* G94 
258 
. 241 
. 3,848 



ToUl ...-i'iS.ftZS 



m»b u rstmc n it — 
Flu)iting debt- ......... 

Intere«i imd coupona*. > 
TneidcDtikl expetaes' . * * 

Tuxes 

Lund damageg, etc.. ■ . . 
CaBh, lat October, 1859- 



$6,921 

12,471 

714 

1,461 

3,288 



ToUl- 



* $55,573 



Coatof RMd. 



General Ledger Balance Sueet, Ist Oct., 1859. 



.$653,927 
. 77,126 



tdia- 



.$731,053 Totnl 



Sbnre capital' 
Funded debt- ■ 
Flouting '* » < 



CV. 

**$557,56a 

- 150,000 

- 23,493 

'$$731,053 



Cost, Earmnos, Expbnsks, Etc., Yearly. 



1957- 

I8S8' 
1059* 



Cbit. 

of Ruiid. 
$593,961 
629.9/5 
648.038 
653,539 
653,927 



5 jn $3,179,440 
Ar^t' 636,838 



Mil«- 

*g« 

lft45 

1B.43 
13 45 
18,43 
18 45 

92 25 
1845 



pRM^gorfl 
$30,593 
33,177 
31,815 
24,625 
28,412 

148,622 
29,724 



-<1 routs EnriTinga- 



F re i gilt 
a 11,055 
14.664 
18,908 
11.082 
14,364 

70,013 
14,014 



$400 $42,048 



1.323 
2,041 
1,573 
1,444 

6.761 
1,356 
39 



49,164 
52,764 
37,280 
44,2-^0 

225,476 
45,095 



Op«raiing Net 
Expoujcs^ Enniingi. 
$19,256 $22,792 



38,694 
25,479 
19,933 
19,569 

24,584 



10,470 
27,28S 
1/34T 
24,661 

102,555 
20,611 



$ p.c 



306 



NEW EOIIK-ROCUESTER AND SYRACUSB. 



EOCHESTER AND I.AKE OXTARIO RAILROAD. 
(WoiP a linmch of Ih^ New York Centrai Eailroad,) 

Lekoth of Road — Rix;hester to Clmriottp 6.88 mil 

Second track nnd siding, 0.10 mile. 

The Roch^Bier and Lah Ontario Rallrmi Company was org:mized undwr the 
general law, and filed iirticlei? of association on the 17th May, 1852. The 
road was opened for public usl^ in the fall of I85?l, and leased to the Roche 
ter^ I^oi'kport and Niagara Falls Kail road Company- On the consolidation 
of the latter Company with the Central, the lea»e Wi\8 assumed by that Coto 
pany, and in 1855, the share earjiUil fif the Rochester and Lake Untaric 
Compai^y was exchanged for a like ainouut of coiiHolid:itcd et<;iek. The 
amount of share capital at this time was SloO^OOO^ and the cost of the roud. 
etc., 8151,882.— (5w K K Cmiral Hailroad). ^ 



he 
he 

ioifl 

ridH 



ROCHESTER, LOCKFORT AND NIAOARA FALLS RAILROAD.^ 
{Now a part of (h New York CmtraL) ^| 

The Itochtder^ Loekport and Nift</(ira Falh Httilroad Company was the succes- 
sor to the Lockport and Niagara Fall?^ Railroad Company. The original 
company was chartered m 1834, and its road^ 28 milee loiigj was completed 
and opened in 1838, at a cost of SlOT^tJOO. It was^ in the fa«inon of the times,^ 
a cheaply constructed and unproductive strncture. In 1850, the name of thQ^|| 
ccimpany was changed to that of the Rochester^ Lockport and Niagiini^B 
Falls Railroad Company; and articloB of n^ssoi-iation, under the genend^B 
railroad law of the State, were filed 14th Decemherj 1850. The new- com-^^ 
paiiy soon after comraeneed the reeonstruetion of the old road, and the con- 
Ptruction of the link between Lockport and Rochester, 5*3 J miles. The whole 
lino was completed about tlie 1st July, 1852, In 1853 it was consolidated 
into the New York Central Railroad, whitk see. The cost of the road andjH 
equipment at thai time was $2,343,388 ; the amount of Share Ca[iital pai<^| 
in $2,442,100- Funded Debt, ^389,000. The earnings of the road from thcH 
date of itu opening to the consolidation, a period of 13 months, w^ae $309,848 ;|B 
WHjrking expenses, $115,392; net earnings, $194,45t>, out of which a dividead 
of 3 per cent., amounting to $08,957, was patd. ^^ 

ROCHESTER AND SYRACtJSE RAILROAD. j^H 

(Now a part of the Netc York Central Railroad.) ^^^H 

LcNGTH OF Road — Rochester to Syracuse ^uld).. . . ^ « . , . . , 104.00 mtleiS^I 

RocUester to Syracuse (dirtsct) ..-..•. 80.70 *« 

Total length of road owned by Company 184.70 mi lies. 

The Rochester and Syra^^me Railroad Company was fonned by the consolida 
lion of the Auburn and Rochester and the Auburn and Syracase RailroiM 
Companiet?. The Articles of Association were tiled on the let Aug., 1850 
At ihe same time the new Company consolidated with the Syracuse an 
Roche^^ter (Direct) Railroad Company, and filed Articles of Consolidation ( 
the 0th August, 1850, The last-nanu^d road was eomjileted and opened 
iiublic nac in 1853. In the atnne year the Company consolidated into the" 
is^ew York Central Railroad Cuujpauy, which see. 




NBW YORK— SACKETT'S HARBOR AND ELLTSBrRO. 



307 



\ the dat« of the lost report of the company (-SOth Sept., 1853) the Share 
Capital nmouritcd to S;5,6(HIJ00; th«? Funded Delit to ?756,000, and the 
Floating Debt to 800,000, The rost of the road tind equipment waa $6,506,301. 



C^tof 
Year, Rti«iii,Ae. 
18S0*«4,2tH),0Oa 
leSi.. 4,961,3<i2 
18S2.. 6,006,778 
lB&3t. 6,506,301 


Cost, Earnings, Expenses, etc., Yearly. 


a p.c. 

nil. nU, 
370,689 10 
404,ia'> 6 
280,195 5 


fljCQ. FuflV. Freight. MailA, oto. TuUL expenses. KumiDgs. 
104 00 8176,991 r24,445 $.•• 1201,436 §60,876 IN 0,oG0 
104 00 6iil>,949 2i7,5:il 22,033 950,512 320.976 629,536 
(0400 682,829 273,344 32,l!)3 998,*<jO 43fl,542 549,624 
184.70 633,690 347,9Bl 23,316 904.966 521,563 383,423 



J yn. 21 ,574 ,441 496.70 2,094,459 883,301 77,541 3,046,300 1,341.957 1,703,343 1,055,069 
Am. 5,393,610 124.17 694,819 294,433 25,3<17 1,015,100 447,319 567,781 351,699 1\ 



EUTLAND AND WASHINGTON RAILROAD. 
(Sw Huthmd ^' JVmhinffton Railroad^ Vermotd; and ako Troy Sf Mulland^ N. Y.) 



BACKETT'S HARBOR AND ELLISBURG RAILROAD. 
{Financml year mdififf ZOih September ^ 1859.) 

LwfCTH or Road — Sackett'ji Harbor to Pierrepniit Manor •••.••• 18.50 milefl* 

Second track, .^idiiic^Sj turnouts, etc., 1.20 inile. 

RoutNG Stock — Locomotive engine ( borrowed )...**....».. .•..•..... 1 

Cars (8-u'h€H.4) : — Pas^t'ogcr, 1 ; bagj^agt*, etc., 1 ; freigbtj 32. . . • ♦ • 34 

Tho Sachdt'it Ifnrhor and EllUhury Raihmd Compatvf was orEanized under 
^ gunerul law and tiled articles of aBsot!iiition on t[ie Kith Jii^v, 185L The 
r»»ad wa<* linished und brought into uho on the 1st June, LS53. On the loth 
I^^mber, 185H, ttie whole proiierty was sold under foreelosnre tor the bene- 
^tof the first bcmdlioiderH. No report of the Company's doingw has been 
J^c since 1850. The rond hii» not h^mn run for some time past, and may 
*^ considered us abundoriod as a jiublic highway, 

Sauis Capital — Authorized^ SI75,0O(t, in 3,500 850 share®. 
Paid in, - $107,485 on « " 

Fdndkd Dkbt — $278,400 : described as follows — 

^ftM^rt^ti^e^T permit., bonds $128,400 

^<iflled 1852, and piiyable, prineipa! and interest, in New York. 

2^ Mwi^iige 7 per cmL hondM _^ . $150,000 

"-<lated 1854, and payable, principal and interest, in New York. 

Floating Dkbt— $56,810, 

CoiT Of Road aito Equipment — Sa89,B10 • in detail as follows — 

iWMdiitMQ iAd iiwwnry-- tl54,699 I Engine ^nd cur houses, shops, eUs« 

Idgw ,..,...* 6 J 19 I Lund, tAmJ-difciiKiges »nd feocea • • • 

.NNnictitrc, incladifi|g iron ...»...» 152,340 Freigbt curp 

liliMiL baiUiiD^ md Hzturei . -• ^ •. * 5,475 | EngmeeiHing anr] ugeaeieg • 



#2,000 
34JO0 

14,661 



^Optniioni for two mf>olhs oolj t Op«rtUinm U^r ten tnonttie, to 3l«t Jaljr, 1953. 



KEW YORK— 6AKAT0OA AND SCHENECTADY 



Tenr. 

1853*. 

mi'* 

1866-. 

18&6.. 



Crjft of 

- 399,210 
. 389.310 
. 389,310 



Cost, Earnings, Expenses, etc.| Yeauly. 



Mil«9. 

18.50 
IB 50 
18.50 
1850 



--Grasa ENmitigs- 



PmMonV. FroighL 
$2,388 f 1,134 



3,376 
4/278 
3,001 



6,876 
5,120 
7,571 



Maih^etc. 


Totftl 


#319 
1.174 
1,304 
1,450 


• 1,840 
10.4J6 
10,702 
12,025 



Opornting Eam'gi,^^ — Di* 
eip«Da«s« tew exp. i p <B J 
•1,908 $1,932 
4,417 

3,576 



e,0O9 
7,126 
12,025 



nU. 



$1,554^724 74,00 13.046 19,701 4,246 36,993 27,069 9,925 



SACKETrs HAKBOR AND SAKATOGA RAILROAD. 
{Sef Lake OtUano and Iludson Jlker liatiroad.) 



SARATOGA AND SCHENECTADY RAILROAD. 

[Financial if ear mdin^ Wth Septcmhei*^ 1869.) 

BoAni> or Directors and Officers, 1850-60. 



W. H, Warren - Mormu^ 

S. Norton * , • • » Troy^ 

George M. Tibbits. ..,.-.... ♦* 

OeorfTf^ TU>bits " 

L. G. B- Cannon, PrtMdml . . , * » , 



N.Y 



S. E, Warren Troy, N.Y, 

11. N. Lock wood ** i» 

J. M* MarTio ..•.♦. ^Saroioga Spa, ^ 

John Cramer Wnttr/ord^ " 

New York^N.Y. 



E. SciiRivRR, Trmmirer atui Stcrttary ..Trojr, *♦ 

L. IL TupPER, SujtcrintendejU • " " 

Principal Offici:..... , ...Troj Union Depot, Troy, ReMadaer Co., N.Y. 

Length or Road — Saratoga to Schenectady 21.50 miles 

Second trackj includinfj sidin^^*, L57 mile. 



KoLLiNG Stock — Locomotive engines. , 

Cars : — Passenger, 1st cifis?*, 2; 2d clii^s and endgrant, 1 : 



frergbt, 10. , 



131 



The Saraimja aifd Si'hffirefndt/ Rtnirodd Cnmpmvf was chiirtered oti the 16tb 
Eebruary, and or<:,^uii/e(l on tht! iHHi 2^1 ny, 1H31, Construction was com- 
irjenced in Sept<Hnber of t!ie same year Tho fij'st section of the road, from] 
Sobtiiiet'titdy to Hjdlston^ 15 tnilei*, was opened for pnldic use on the 12th J 
July, 1S32, and tht? whole road to 8arutofr:i ^prtno-ff, 'Jlj iiiileei, in 1883, On] 
the 1st January, 1851, it was leased to the Rensselaer and Saratoga Rail«] 
road Company, at a rontof$;il)J5l) |H)r annum. 

Share Capital— S30f^,00«\ in :i,lX») SH>0 shares (all paid in). 

FcNDKD Debt — 1^85/100: described as follows — 

Int Morf^^nfff"^ 7 pm' cent., roupon hoinh ^ _.-.__ . $83,000 

— dated 14tli October, IKfjU^ and payable, princif)al from 1861 to 1866, and 
c<:)ijpon8 eemi-annually, Ist January and 1st July, ut Troy, 
Other Funded Debt about $2,000, at 7 per cent. 



IscoMB Account for thk Ykar knwno 30™ Sept., 1869. 



RectipUt — 

R«.n». of mnd - •30,150 

Interofit i>d bunk deposits •>>*<■.. 85 

Bur|ilus from 1358 * &39 



DtMbuTsements — 

Cotitiugctit expetyuiis ** * 

iBtercM' '* ,-..,, 

iJiTidendff 

I PajiQent to reduce facdod debt* 






Total ...,.,. 

• Four months' operntionB. 



.$30,774 I Total. 



• 22,600 
. 1,600 



NEW YORK— SARATOGA AKD WIIITKEALU 



309 



Cost of Koaj>, etc., $480,684. No details reported. 







Cost, Earninos, Exi'bsses 


, Etc., 


Yearly 


, 






tA^.w 


ai 


Milo^ 


f — -Groas Earninga — 




Opemrting Earnings, 


.—DW 


. — , 


*«t 


age. 


Paas'er. Freigbt. MiiiU. 


ToUl. 


expense*. 


leii exp. 


• 


p.c. 


1844^. 


•300,000 


2U0 


S28,067 «,935 #2,735 


$35J4T 


•26,209 


f9,S38 


ttiL 


niL 


1815.. 


3r>o,ouo 


2160 


:i0,467 6;2ao i,io;i 


36,960 


24,480 


12,330 


6,000 


2 


1846.* 


iOOfiOO 


'il.50 


27,450 4>68 


32,118 


26,358 


5,760 


18,000 


6 


1847- 


■m,OQG 


-J160 


36.601 6,602 1,693 


43.796 


30,2^8 


13,508 


na. 


nil. 


1648*. 


331,036 


2150 


3:i,518 6.695 1,412 


39.615 


27,116 


12,499 


H 


*i 


J849- 


386,304 


2iM 


24,361 10. NO 2,061 


36,462 


29,252 


7,210 


li 


H 


J8dO.* 


lj%,;i79 


21M 


13,728 3,902 11,305 


28,935 


15,794 


13,141 


i* 


♦* 


1851*. 


462,131 


21.501 




19,572 


605 


17,967 


7,500 


24 


1862- 


47Ub67 


21M 




29,900 


1,925 


27,975 


15,000 


5 


185i- 


472, J 90 


21.50 




30,150 


1,827 


28.323 


15,000 


5 


1854.. 


478,591 


'2160 


AatiEjal tfsnt paid bv the 


, 30,150 


1,545 


28,605 


16,000 


B 


1665-. 


480,020 


3L60 


2> HouAfioliier Aiid Saratogas' 


30,150 


2,282 


27,868 


15,000 


6 


1856.* 


480,545 


2L50 


Cumpauj, «30,1S0. 


30,191 


2,005 


28,186 


15,000 


5 


18S7.* 


480.684 


21.50 




30,201 


777 


29,421 


15,000 


5 


iBse.- 


III 


21.60 




30,197 


717 


29.480 


7,500 


24 


1859*. 


21 M] 




[ 30,215 


719 


29,616 


22,5U0 
I5t.500 


71 


16 yn. 


344.00 





513,279 


191,699 


321,380 




Arer.. 


412,^51 


21.60 


' * ' ' . * - - . • . - 


32,080 


11,994 


20,086 


9,468 


34 



SECOND AVENUE KAILROAD. 
SIXTH AVENUE RAILROAD. 

(See New York Ctt^f Fauetif^er Railrmdi,) 

SARATOGA AND WHITEHALL KAILROAD. 

[FimiHcial ^ear ending BUfA SepUmher^ 1859.) 



BgJLED OF DlRKCTORS AND OFFICERS, 1850-GO. 

Jolm W. Tbompson* * ^BaUj^hn 5>xi, N.Y. 

Wi lliam H. Warren Moreau^ *' 

Le Grand B. Cannon. .. .iVirw York^ " 
Willmm M. Vermilyea... ^* '' 

JameA Forsj t h Jroj/, ** 

J. M, Warren.,. " « 



Jatnes JI. yi&nou^SarcUoga Springs^ N.Y. 

Micliael J. Mjers IVhitefioU^ <* 

John Willard Saratoga Springs , " 

ChttrkrR Craitier, WaUrford. " 

R. M. Blatcliford Ntw York, " 

John M. \}%'f\mxi*Saratoga Springs, " 



John M. Davikon, Preiidmt and Snperl^Umdmd .Santogii Springs, N.Y. 

WiLLiA.\i IL VV^ARRENy TnoMttreT arid Secret-arif. .* Aloreau, ** 

Principal Or r ice *. . Saratoga Springs, Saraloga Co.^ N.Y, 

Length of Road^ — Main Lhit^ Saratoga SprJng(*.to WliitebjiU Ijjike., ..• 40.86 miles. 
Branch Line. Wliiteliall to Vermont State Line. ... 0,06 *' 



Total length of Main Line and Brancli 47.52 iiiilea. 

Second Traek, including tnruouts and Ridings, UMl miles, 

Leas^ Li ae^Riiilitiid Bm\ Whit^hnll KEL, Vt. tine tu Castleton, 6.88 ** 

RoLLiifG Stock^ — Locomof i ve enginei* , 9 

Cars : — Par-ienger, If^t class, 8, and 2d class, 4 ; baggage, mail and expre^^H, 

4 ; freight, 80. % 

The SaraU^a ttnd JFhitfhaU Raiiroai Cmnpantf m sQcjcessor to the Washing- 
ton Railroad Com puny, vvhit-h witM iriiuirporjited m 1834. The constructioQ 

• Leased to Eoaa9«laf>r nod Saratoga Railmftd Co. 1st Jan, 1851 : not run last 3 monthK of 1650. 



310 



NEW TORK-'SARATOGA AND WHITEHALL. 



of \tii road was eommeneed ia February^ 1847, and completed as follows : — 
from Saratoga Springs tn Gansevourt^ 10, Hi tulles, on tlio lltli August of the 
same year; and i'nmi fiiinsuvourt to ^Vllitehali/28.84 luiltjs, on the 10th De- 
cember, 1848. On the l«t October^ ISiJO^ the Ime was extended from 'VV bite- 
hall to the liomidary hne of Vennoiit, ii distaneo of G.8S miles ; and on the 
9th April, 1861, to Whitehull Luke, 2J4 niiles. In 1855, the road was 
sold at auction under a procet^s for tlie foreclosure of die 2d Mortgage, and 
purchased on uecount of the bondholders^ for the sum of S276J95, being 
the whole amount of priocip:d and interest of the same* The road was 
taken ptJSHCHi^ion of hy thu pyrcbasei's fux the 7th June followinpr, when arti- 
cles for the fonuattun tif a new conipany were fih-Hltrnd the int^^re^t acquired 
under the sale purcba*?ed hy an issue of stock to the tunount of $oOOjUOO* 



SflARt; CAinxAL— S50(),000, in 5,000 glOO shares, (All paid in.) 

Funded Bbbt— $395,000 ; classified as follows — 

Ixt Mortqufff^ 5 per c^tt,, coupon bonds. .___ $250,000 

— dated l&t April, 1848, and payable, pnncipal Ist April, 1858, and coufKms 
fiemi-annually, l^t April and Ist October, at New York. Covers the road 
from Saratoga to Whitehall 

lit Morhfa/fe^ 7 ptn- cmtt.^ coupon hond^ _. _- ^___ $100,000 

— dated Ist Sept., 1849, and paynblo, principal, Ist Sept, 1856; and interesft 
Bemi-anoually, 1st March and l.st St^pt., at New York. Covers the branch 
from Whitehall to the Vermont State line. 

New 1 ptT cmt. hondJt , ^ ., , $45,000 

— rJated Hth June, 1855, and payable, principal 1st March, 1858, and interest 
semiannually, Iwt March and 1st September, at New York. Issued in pay- 
ment for rolling stoek, fuel, etc. 

Floating Bedt — None. 



Cost of Road axb Equipment— $895,421 ; in detail aB follows — 

GrAdiailion rmtl moi^onrj - * . . . . $37 1 ,%^ 

BrirJ^ts * 15,328 

Supertitrurture, inoludinj? in*n 261,149 

Sl&tiona, builiiings and llxturuq** ..... 2|1,B5B 
£ii|(iiie4i and car huus&B, Bho|>iij «tCr • « • * 19,9S() 



Lund, Ijind dJiniaget and fetic«i< 
I Loeomi>tivei and aoow ploagha*! 
I Fjwseiig?pr and other ours 

FrcijQ^lit And other ours 

f^ujj^uecring jind agonoioa 



$76148 

38,732 
10,045 
26,127 
46,362 



Rtcdpts — 
Pnj«en^er earn lags 
Frt?ij*lit '* 

Mdil, «to*" *♦ •♦ •• 



Income Account for tub Year Ending SOth Skpt., 1859. 

Dishnrifetn tids — 



.$83,513 
. 6l,82& 
» 8,767 



Total. 



,$154,090 



Miiintitutincro of mmj •• •• «$38,438 

liepAirv of inivehinery- « . • 16,301 

Opemlinjjf c.tfkonfles-- » * 62,077 

Inierti'St on bunds, nnd rent of Butlaod 

and Wbit**hiiU RailroRd 40.790 

.^urplufi incomo ........,» 6,492 



Totnb 



^$154,099 



Dr, 



General StatkmknTj Ist Oct., 1859. 



Coat of Kmd ..-'^-^'^OSn 

Co«t of cquipmotit 74,904 

Surpluafutid • ». 6,4ya 



Total < 



^ $901,914 



Shuro CapiJnl" 
Fundeil Debt-- 
Prulll Diid loaa* 

Tolal 



.$500,000 
• 396,000 
- 6.9U 

*f901,9l4 



i^^i 



KEW YORK— SKANEATELES AND JORDAN IIAILROAD. 



311 







Cost, EAriNiNGg, Expenseb, Etc., 


Yearly 










Ob0i 


Mild — llrnnti Pu 


>.»vln^j 






Eiimiogi 


- — Bw 
$ 




Tmt. 


of KMd. 


ftgo, Piua'geri. Frotght 


Mtftls, cto, Total. 


Expcnieg. 


p 0. 


1S4S-. 


•94a372 


1016 $3,567 till 


« „. 


$3,833 


tB22 


$3,066 


na. 


ntV 


lSI9-> 


1,102,506 


39 50 75,592 10 427 


3,430 


39,449 


44,477 


44,972 


a 




lasO'. 


1,312,772 


43 "38 102,717 23,927 


4,721 


131,405 
1&4,884 


69,214 


62,191 


11 


u 


1S51- 


1, 452,(1 :J5 


47 52 131,094 29,699 


6,092 


82,370 


82.014 


63,172 


6 


lass* 


lH32,946 


47 52 113,515 50,950 


7,090 


173,545 


135,017 


^528 


nil. 


nil 


1853*^ 


1,991,993 


4752 106,209 52,499 


6,253 


165,066 


95,050 


70.016 


41 




laM* 


l,eai,993 


4752 115,813 59,:ilj9 


8,777 


183,969 


163,602 


•20,457 


■» 


it 


lgS£<- 


1,891,993 


^^^-l tB 1,774 17,360 


4,911 


103.007 


66,202 


16,805 


" 


u 






2,775 


71,909 


49,823 


22,036 


II 


it 


ias6 ' 


886,531 


4753 101,380 69,264 


6,587 


169,231 


131,961 


37,270 


25,000 


5 


I8ft7- 


895,122 


47^2 91,159 63,326 


9,053 


163,539 


128,156 


35.383 


10.UO0 


2 


18B8-. 


SS5,422 


47 62 77,088 64,140 


6,160 


139.383 


I10J23 


29,666 


ni. 


nU. 


1969- 


695,422 


4732 83,513 61,829 


8,757 


164,099 


121,790 


32,309 


" 


" 


12 JTH. 


15,698,007 


522 72 1,111.632 522,180 


77,607 


1,713,369 


1,219,607 


493,762 


89,172 




AT«f. 


l,324.8i4 


43,56 92,794 43,515 


6,4(}7 


142,781 


101,634 


41,147 

AB. 


7,349 


M 




::iIIENECTADY AND TROY EAILRO 








(Xow a part of th New York Cefitral Ritilroad.) 






LKliGTU OF EOA 


D — ^Troy to ScljenecUdy 








20.50 ini 


lc«. 




Siding!* and tummitK, etc., 


1,08 miles. 











The Schmtctady tmd Troy Raikattd Company was chartered in the yoar 1836. 
The L'oiiHtruction of the wmd wits coiijinericed in 1841, und conij*leted to- 
wardB the t^nd of 1842. In 1853 the Coruptmy was consolidated with others, 
now fonuini^ the Xew York Centt'nl ILiilroad Company, whkh see. 

At the date of the eonsolidution the eost of the road find ennipTnent was 
g60H,873; Share Capital, $050,UOO; Funded Debt, $90,1^00 ; Floating Debt, 
$a,57U. 





COCT Of 


Road, Earsiing^, Expenses, etc., YEARLr. 






CoftofHoad Milc- 
k Equiprn't »g«. 








Ex- 


Net 
Enroingfl. 


$ p-j. 


Ymmr 


Piuf'gflr. Freigbt. MuiU, eU 


. ToUL 


1943. 


$633,519 2060 


$26,354 $.... 


t.... 


$26,354 


$30,409 


6,592 


nU, niL 


1844.. 


S40,799 20^ 


31,067 1,678 


217 


32,862 


26.280 


u n 


1845** 


641,540 20^ 


28,244 3,070 


2,049 


33.362 


27.560 


5.8O0 


(t u 


IP46 


6'«3,547 20 60 


29.497 6,721 


570 


36,783 


31,545 


5,243 


tl II 


J847" 


658,366 2050 


33.222 12,319 


570 


46,121 


38,337 


7,784 


u u 


1848- 


659,t>69 20M 


31,826 14,261 


938 


47,025 


46,717 


318 


II M 


1B49 * 


672,910 20.60 


26,693 19.611 


1,340 


47,644 


43,456 


4,189 


II M 


IfifiO*. 


680,046 20.50 


26,540 14.927 


879 


42,336 


60,267 


(LOM) 


«l U 


test*. 


681,046 20^ 


28,652 16,264 


1,331 


46,247 


56,268 


u 


U li 


1652'* 


686,523 20 60 


34.:i64 26,741 


1,823 


61,928 


07,913 


M 


II tl 


1853 * 


698.373 20.50^ 


27,816 46,395 


1.153 


75,364 


76,305 


II 


11 u 


llyw 


7,255,838 22550 


324,278 160,887 


10,869 


496,031 


505,061 


{Urn) 


U II 


AfW' 


. 659,622 20ia 


29.479 14,6.46 


963 


45,094 


46,914 


GAD. 


U W 




8KANE.J 
iH OF Ro,i0— Sku 


lTELES and JORDAN 


KAILR 




Lrkg 


lea teles to Jord 


jin. .... 




5.27 rtiilas. 













^^P The SkanMi4fl44 and Jordttn Rnihond dmpany was chartered in 1836. The 



The Skaneat4fls4 and Jordttn Rnihond Company was chartered in 1836. 
road was built in 1H4*]. at a coist of S2H»000, and operated by horse-power 
for ft*?veral years- In 1851^ it wm ahaudoaed as a public highway. 

* 0|;4*fiition« fnm lit (>cL, 1864, to 8tb Judo, t&56« t Opomttont from 8ih Jane to 30^ Sept, 1865 
LXkd lasittilu' u{iQriitiuii«, 



312 ^'EW YOUK-STATEX ISLAND. 

SOLUS POINT AND SOUTHERN RAILEOAD. 
(Financial year ending 30 fh September j 1859.) 

Board of Dirkctors and Officers, 1859-60. 



Stephen Culver Ncioark, N.Y. 

Horace Blackmar " 

Rhoderick Price " 

Joseph A. Miller " 

Andrew O. Lainoreux ,Port Gibson^ 
Albert Banta Phelps^ 



John Tripler Phelps^ N.Y. 

William I). Cook Sodns^ " 

Benj. K. Looinis ^* " 

Edward W. Sentell '« « 

Joel H. Prescott Netcnrk. N.Y. 

Albert F. Cressy " '« 



IIoRACK Blackmar, Presuknt Newark, N.Y. 

JosKPH A. Miller, Treasurer " " 

Principal Office Newark, IJ^ayne Co., N.Y. 

Length of Route — Sodus Point to Junction with Elinira, Jefferson and 

Canandaigua Railroad 35 miles. 

The Sodiis Point and Southern Bailroad Company was organized under the 
general law, and filed articles of association on the 19th March, 1852. 
Construction has been suspended since the sumnier of 1854. 

Shark Capital — Authorized, $3r)0,000, in 7,000 $50 shares. 
Subscribed §78,280 | Paid in $31,586 

Funded Debt None | Floating Debt $1,850 

» 

Cost of Road, etc. — $85,298 : in detiiil as follows — 

Gradaation and mnsonry $21,351 I Engineering and agencies 88,563 

Land, land damages and fences 5,384 | Equipment Nont purchased 



STATEN ISLAND RAILROAD. 
(Financial year ending Wth September, 1859.) 

Board of Directors and Officers, 1859-60. 



Albert Joumeay SuiUhJield, N.Y. 

E. R. Bennett Weittfidd, *' 

Balthasa Kreischer " " 

Kpbraem T. Totten " " 

Francis Perkins " " 



Adolphus F. Ockerhausen, N, Y&rk, N.Y. 

Alexander Hornby " " 

Thomas ^V . Strong « « 

Andrew II<)od Southfield, « 

William King Amhoyy N.J. 



Oliver H. Lee, President New York, N.Y. 

Stephen Seguine, Treasurer Westfield, " 

Levi D. Bruyn, Engineer Ettingville, " 

Principal Office N ew York City, Neic York Co,, N.Y. 

Length of Road — Vanderbilt Landing to Tottensville 13.20 miles. 

The Staten Island Railroad Company was organized under the general law 
and filed articles of association on the 18th October, 185L Construction 
was commenced in November, 1855. No part of the road is completed. 
The Company is authorized to own and run a steam-ferry in connection with 

« road to and from New York City. 

1 Capital— Authorized, S300,0U0, in 6,000 $50 shares. 
Paid in - $50,603 on 1,303 " 



NEW tORK-STRAOUSE, BINaflAMTOX AND HEW YORK. 



813 



Funded Bbbt — ^$4:1,'200: dcswjnbcd as fallows— 

1*^ MoHifafff,! p^r cent., hmd^i^.^,,. _-__..,,. .. ^,,$41,200 

— dut<id l?it Jutiii, 1850, iiiid piiyjible, principal in 20 years, and interest 
1st June and Ist December, at New York, Totid amount provided, $200,000. 

Flqatims Dkrt— $22,680. 

Cost of Road and EijLui*.MEST— 81 14,01a: in detail as Ibllowa — 

Omd unit ton unil miiMjnrj • - •* f46/293 | Supfirstrueturc 

Laud, luud-di&iuiitg;«3, jiotl funt'oa 35,9B5 | £ng^mi.'onpg nnd ikgonetes ■ 



•3,921 
22,825 



SYRACUSE, BINGHAMTUN AND NEW YORK RAILROAD. 
[Financial ijenr mditiff 30/A SepUmBer, 1859.) 

Jacob M. Schermkrhohn, Prtsidejd* ...,.* *-<..• «.. Homer, N.Y. 

E. R. W ir kS, Tttannter SyTOCttfi©, " 

Oeorijk Haven, Super inUtyUnt. « * ^^ " 

PjitMciPAL Office. . . . , **-,•** Syracuse, Qmrnda/ja Co.j N.Y 

LcNGTJJ OF IlfJAP — Syi*acuse to Hiriji^lmriittm .,...,,..« «*.,...-» 79.G9 ruiles. 

Uiiimj Jtailrofwl, frum Syracuse terminus to tbe Erie Caual. 1/25 " 
SecunJ truckj mcluding sidui^j^s, 7.09 milen, 

AoLLiNt: S rocK — Locumotire enpiios .....* 13 

Cars (M'wli<?el) : — Passenger, 1st rlai^s, 10, awl 2d tiftss etnigrant, 2 j bag- 
gaj^e^ mail and exprenh, 3 ; fmgbt, etc., 114 129 

The St/raeim nnd Bimfh/imton Jitu/t'oad Vumpmuj was organized under the 
general law, and tiled iirtides of aj^sociation i:ith Augtiist, 185L In 1848 an 
act hud been passetb declaring tiie puldic ytility of a railroad frotii Syriicuse 
to Bin^bmntori. The work of coiii^tr action was commenced in 1852, and 
the rciad opened on tbe 2r]d Octtdjcr, 1854. On the Ist of AugU8t, 1855, the 
Company iiiade dt^fault in tbe piiyiaent of intercbtun its 1st Mortgage Bonds, 
in consequence of which, proceedingH for a foreclosure of the iiioitgage 
were titkea, which Resulted in the .sale of the road on the liJth Oct., 1856, for 
the amount of the tir^^t mortgiige and interest. The purchasers funned them- 
eolvcs into a new Coiniiiiny, iiiul tiled urticlLs of association on the 3Uth April, 

1857, under the name of itie Syracuse and Southern iiailroud, which was 
ftubsefpiently changed, by an act of the Legislature, to that of the Syracuse, 
Bingliamton and New York Railroad. An act was also obtained, confirm- 
ing the proceedings for the purcliime of the mortgage. On the 12tli August^ 

1858, the Union R:tilrnad, c(mnecting the former with the Erie Canal at 8yra- 
eufte, was purchased for $13^i,084. In 1857, a perpetual contract f(>r the 
trans (wrtat ion of coal over trio road was made wilji the Delaware, Lucka 
waua and Western Company, whereby the latter agreed to transport, for the 
first year, 75,000 gross tons of coal over tlm road, and at least 100,000 gross 
tons annually thereafter, and to supply the necesi^ary ears and loconuttivo 
power for the ourpipse, and fnei afler tju'oe years — the Syracuse, Bingliam- 
ton and New \ ork Company to furnish the track