$300,000 of its capital. The remainder of the means was chiefly derived from the sale of bonds received from the Dayton and Michigan Company in payment of coupons due the Cincinnati, Hamilton and Dayton Company under the lease of the road. In lieu of the proceeds of these the stock holders received a stock dividend of $500,000. These improvements on the whole have added to the capital and debt account $1,444,000, and about a quarter of a million has been taken from other resources of the company. This investment, however, is expected to so increase the business of the company as make sure of its securing an advantageous return to the company. The total liabilities of the company, including its stock of $300,000 and revenue balance applied on account of the Dayton and Michigan Company $500,000, is now about $5,600,000. The nett earnings of the road for the last few years have averaged $200,000. This will pay. Taxes and Insurance say. Interest on Debt and Liabilities, $2,000,000 and leave a surplus of $20,000 to be added to the dividend fund. $60,000 140,000 300,000 It may fairly, however, be assumed that the Dayton and Michigan Railroad and the Atlantic and Great Western connection will increase the profits from operations materially and fortify the company for future development, or, if already at the end of its projects, yield additional dividends to the lucky holders of its stocks. The eventual reduction of the cost of labor and material will also afford the company a heavier nett on its business. 9.-NEW YORK CENTRAL RAILROAD. The length of the main line of road between Albany and Buffalo is. The length of lateral and branch roads is as follows: 297.75 miles. Troy to Schenectady. Syracuse to Rochester, via Auburn. Batavia to Attica 21.00 104.00 11.00 Total length owned by company.. Second track (exclusive of sidings and turnouts less than one mile in length). Total length of equivalent single track. The length of the Niagara Bridge and Canandaigua Railroad, lessed by the company, and extending from Canandaigua to Suspension Bridge, is. 98.46 The following table gives the length of the line owned and leased at the close of each year since the consolidation of May, 1853: The main line is wholly double track, except a gap from Port Byron to Clyde, 13.09 miles, and another from Rochester to Churchville, 14.51 miles. The rolling stock on the road and branches, on the 30th of September, 1865, was as follows: The following table shows the equipment at the close of each fiscal The general movement of trains with passengers each year since the consolidation, has been as follows: Fiscal years. 183-54. 1854-55. 1855-56. 1856-57. 1557-58. 1858-59. 1859-69. 1860-61. 1861-62. 1862-63. 1863-64. 1864-65. -Miles run by Trains 2.759 350 3.242 350 803 4,006 1.095 4,596 1,200 4,904 360 250 850 and freight, in Carried one Mile- Tons of freight. 81,168,080 99.605,836 1,774,093 1,522,439 303.357 3.599.889 165,889,551 145,733,678 1.836,212 1,811,109 336,969 3.984.290 160,423,541 145,873.776 1.821,431 1,847,763 273,853 3.912,547 136,091,023 142,691,178 1,809.071 1,824,978 311,079 3.945.128 132.993,340 157,136,000 1,816,279 2,344,881 332,053 4,493,213 126.588,091 199,231 392 1,850,056 2,727,730 869,367 4,947,153 116,174.787 237,392,974 1.753,215 3,233,565 381,892 5,368,672 119,028,021 296,963.452 1,902,908 3,347,244 442,071 5,692,223 147,237.968 312 195.796 2,123,580 3.452.275 414,353 5,990.208 193,447,735 314,081,410 2,276,888 3,094,565 432,595 5,804,048 225,229,271 264,993,626 The direction and amount of travel (passengers carried) in each year, have been as follows: Fiscal Years. 1853-54 1854-55 1855-56 1856-57 1857-38 1858-59 1859-60 1860-61 1861-62 1862-63 1863-64 1864-65 201,534 2,515,948 2.717,477 71.762 1,231,012 118,678 1,803,166 190,435 2,589.178 2,729,613 81,306 1,187,29 121,858 1.219,654 208,164 2,406.783 2,609,947 81.017 966 971 82.530 993,921 163,547 1,960.892 2,124,439 79,833 1.119,386 74,410 953.018 154.243 2.102.404 2,256,647 70.481 1.104.523 71,587 1,014,545 142 068 2.119,063 2,261,136 54.890 1,054.170 63.523 981,856 117.913 2.036.081 2.153,944 54.857 1,122,538 65,181 1,034.451 119.988 2.156,989 2,276.977 68,713 1,333,041 79,167 1,243,038 147,880 2,576,074 2,723,954 96,245 1,730,352 105,15 1.622,542 201,860 2:52,894 3,554,254 108,455 1,857,553 127,349 1,687,906 235,754 8,547,509 3,783,263 Included in the above are emigrants going West, as follows: The direction and amount of traffic (tons of freight carried) in each year, is shown in the following statement. The freight per ton per mile in each year was as follows: 243,105 138.576 810,275 123,819 167,832 160,191 The income account of the two last years, 1863-4, and 1864-5 com pare as follows: Total disbursements...... $16,763,183 18 $17,830,392 07 incr $1,067.258 89 The following table exhibits the yearly gross earnings, the operating expenses, and net earnings for the twelve years and five months ending September 30, 1865: Fiscal Years. 1853 (5 mos). 1853-1854. 1854-1855. 1855-1856. 1856-1857. 1857-1858. 1-58-1859. 1859-1860. 1860-1861 1-61-1862. 1862-1863. 1863-1864.. 1864-1865.... --GROSS EARNINGS- Operating Nett Passengers. Freights. Mail, &c, Total. Expenses. Earnings, 3,151,514 2,479,821 287,000 5,918.335 3,088,041 From the nett earnings the following sums (not including construction) were paid and disbursed in the several years: The following are the details of the dividends declared and paid The following statements exhibit the details of the general account as it stood on 30th September, 1856–65, both years included: Share Funded Bills Operating Balance of Total capital. debt. payable. acc'ts. income amount. $24,136,661 $14,763,897 $194,732 $642,771 $1,301,026 $41,033,827 21,136.661 14,607,519 197.633 1856-57.. 1857-59. 1558-59. 1-59-60. 1860-61 1861-62. 1862-63. 1863-64. 1564-65. 693,877 1,826,572 41.461,654 21,182,400 14,402,635 38,000 416.274 1,594,326 40.633.635 Against which are charged for construction, equipments, stocks owned by company, claims (debt certificates) on future income, supplies beyond $1,000,000, and other assets the following: 31,787.398 782,580 The cost of road per mile, the earnings and expenses per miles, the rate of expenses to gross earnings, and the rate of dividends per annum are shown in the annexed table: |