RAILROADS IN THE STATE OF NEW YORK. STATEMENT showing the Share Capital, Indebtedness, Cost, Mileage, Receipts for transportation of Passengers, Receipts for transportation of Freight, Receipts for transportation of Mails, Operating Expenses, Net Earnings, and Dividends paid by the Railroad Companies of the State of New York, for each year since the opening of the first road: Gross Earnings Operating Earnings Amount $795,303 16.94 $52 Passenger Freight Mail, etc., Total Expenses less of Year. $52,111 $31,959 $20.152 nil. .1832 594 103,621 53,514 50,107 1,921 144,724 80,608 64.116 .1834 38,987 5,119 219,411 149,353 70,058 .1835 623,197 43,696 36,328 703,221 387,149 316.072 204,995 .1838 60,877 51,238 1,088,858 515,732 573,126 1841. 8,151,000 1,450,700 193,609 9,795,309 9,701,218 1842.. 12,187,250 3,535,000 1,214,175 16,936,425 16,833,624 1843. 13,546,535 4,675,000 1,376,955 19,598,490 19,515,454 414.46 1,021,836 59,873 537,901 586,944 621,484 562,382 78,081 1,124,845 60,035,622 28 yrs 776,416,326 604,378,980 71,592,676 1,452,387,982 1,365,453,195 31,819.75 96,968,421 83,197,721 8,423.851 188,589,993 109,251,777 79,338,216 31,408,446 28 yr. Aver. 27,729,154 21,594,963 2,556,882 51,870,999 48,766,185 1,136.42 3,463,158 2,971,346 300,852 6,735,356 3,901,849 2.833,507 1,121,730 Aver RAILROADS OF THE STATE IN DETAIL. ALBANY AND WEST STOCKBRIDGE RAILROAD. (Financial year ending 30th November, 1859.) BOARD OF DIRECTORS AND OFFICERS, 1859-60. John V. L. Pruyn.........Albany, N.Y. | Volkert P. Douw.......Greenbush, N.Y. .Boston, .Albany, N.Y. William H. Toby... .....Kinderhook, THOMAS OLCOTT, President. Ansel Phelps, Jr.......Springfield, " Albany, N.Y. .Boston, Mass. .Springfield, 66 .... 38.25 miles. The Albany and West Stockbridge Railroad Company was chartered on the 5th and organized on the 20th May, 1836. The construction of the road was commenced in December, 1840. It was opened to public use as follows: from Greenbush to Chatham, 23 miles, on the 21st Dec., 1841, and from Chatham to the State line, 15 miles, on the 12th Sept., 1842. The road was constructed by the Western Railroad Company of Massachusetts as a part of its line, and to which it was leased, on the 11th November, 1841, for fifty years from the 13th of April, 1840, (the period of its charter, and for any renewal of the same). The two roads have always been operated as one line. No separate account of earnings or current expenses is kept, although two organizations are rendered necessary, the line lying in different States. SHARE CAPITAL-Authorized and paid in, $1,000,000. The entire share capital of the Company was subscribed, and is held by the city of Albany, (except a few shares). FUNDED OR FLOATING DEBT-$2,389,559 in detail as followsCity of Albany 6 per cent. bonds. -- -$1,000,000 The bonds of the city of Albany were issued in payment of the stock taken by it, which was subscribed as follows:-$650,000 on the 30th May, 1840, and $350,000 on the 1st August, 1841. They are payable in the city of Boston as follows:-$250,000 on the 1st July, 1866; $300,000 on the 1st July, 1870; $200,000 on the 1st of July, 1871, and $250,000 on the 1st July, 1876. The interest is payable semi-annually, on the 1st Jan. and 1st July, at the office of the Western Railroad Company in Boston. By the terms of the lease of the road to the Western Company, the latter undertook to pay the interest on this class of bonds, and the principal sums as they respectively fell due; the city of Albany to hold the stock subscribed by it as security for the performance of these agreements. For their payment, 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 first annual payment was made in 1843, and has since been continued. The amount of this fund on the 30th November, 1859, was $621,013. On the payment of he bonds the stock becomes the property of the Western Railroad Company. The balance of indebtedness of the Company is for advances made by the Western Company on account of construction, to the amount of $1,389-559, to be refunded to the Western Railroad Company on termination of the lease. The road has a second track for its entire length, commenced about three years ago, and completed in 1859.-(See Western RR. Co. of Mass.) COST OF ROAD AND EQUIPMENT $2,392,984: in detail as follows Graduation and masonry... ...... -$1,005,910 | Engine and car houses, machine shops. $42,976 647,043 Land, land-damages and fences....... 210,903 252,006 Engineering and agencies. 234,143 ALBANY AND SCHENECTADY RAILROAD. (Now a part of the New York Central.) This Company was originally chartered under the title of the Mohawk and Hudson Railroad Company in 1826, and was the first corporation of the kind chartered in the State. The construction of the road was commenced in August, 1830; it was opened to the public on the 24th September, 1831. It was originally constructed with longitudinal sills, covered with rails, 9-16 by 24 inches. The ascents from Albany and Schenectady repectively were overcome by inclined planes with inclinations of 1 in 18, worked by stationary engines; the length of the Albany plane being 32; of the Schenectady, 31 chains. Between the planes the road was first worked with locomotive engines and horses. The first engine used was of American manufacture, and weighed three tons. An engine imported from England, weighing 12 tons, could not be used on account of its weight. The planes were abandoned in 1844. The change of the name of the Company to that of the Albany and Schenectady was made in 1847. In 1853 it was consolidated, with other companies, into the New York Central, which see. COST, EARNINGS, EXPENSES, ETC., YEARLY. -Gross Earnings-- -Div p. c. nil. 103,470 28,185 1,889 133,544 78,850 54,694 97,167 14,429 4,774 116,370 101,023 19,276 5,296 125,595 5,875 148,418 164,448 81,616 8 305,619 49,692 4 $26,728,431 369.36 2,334,790 923,143 143,682 3,401,515 1,567,003 1,834,512 576,308 Aver. 1,214,928 1679 106,127 41,961 6,531 154,614 71,227 83,387 26,196 21 * Ten months' operations. 131,664 166,013 ATTICA AND BUFFALO RAILROAD. (Now a part of the New York Central.) The Attica and Buffalo Railroad Company was chartered in 1836. The construction of the road was commenced in 1841, and completed in Dec., 1842. It was the last link constructed in the line from Albany to Buffalo. Its length was 32 miles. On the 30th of November, 1850, it was consolidated with the Tonawanda Railroad Company, under the joint title of the Buffalo and Rochester Railroad Company. Its cost at that time was $906,911; its share capital $800,000; indebtedness, $42,676. In 1852 the latter Company was consolidated with the New York Central, which see. AUBURN AND ROCHESTER RAILROAD. (Now a part of the New York Central) The Auburn and Rochester Railroad Company was chartered in 1836. The construction of the road was commenced early in 1838, and completed in August, 1841. The length of its line was 78 miles. In 1850 the Company was consolidated with the Auburn and Syracuse Railroad Company, under the joint title of the Rochester and Syracuse Railroad Company. The cost of the road at that time was $3,000,000; its share capital, $2,196,765; funded debt, $595,000; floating debt, $30,000. In 1853 the latter Company was consolidated into the New York Central, which see. COST, EARNINGS, EXPENSES, ETC., YEARLY. Cost of Miles. -Div $ p. c. 173,066 $4,534 $7,681 $179,549 $52,970 $126,579 105,000 189,703 100 210 89,493 105,000 85,660 152,007 105,000 142,075 112,000 1842 $1,686,376 78,00 $167,334 $19,608,322 702.00 2,511,086 404,361 109,862 3,025,309 1,154,125 1,871,184 1,212,388 Aver. 2,178,702 78.00 279,009 44,929 12,207 336,145 128,236 207,909 134,709 8 AUBURN AND SYRACUSE RAILROAD. (Now a part of the New York Central.) The Auburn and Syracuse Railroad Company was chartered in 1834. Its road was the fourth link in the line from Albany to Buffalo. Its construction was commenced in 1836, and 22 miles completed on the 1st July, 1838, over which the trains were first drawn by horses. The whole line, 26 miles, was opened in 1839. It was originally laid with a flat rail upon longitudinal sills, which, in 1848, gave place to a heavy rail laid upon cross ties. In 1850 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 the time of the consolidation was $1,217,427; its share capital, $624,000; funded debt, $375,000; floating debt, $30,000. In 1853, the Rochester and Syracuse Company was consolidated with the New York Central, which see. ALBANY AND SUSQUEHANNA RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859-60. Ezra P. Prentice.... Robert H. Pruyn. Cornelius Vosburg... .Binghamton, N.Y. Arnold Watson. John Cook..... Jared Goodyear. Milford, " .Cobbleskill, Edward Tompkins.....Binghamton, “ H. H. HICKCOX, Treasurer and Secretary. PRINCIPAL OFFICE.. .Morris, N.Y. .Albany, ..No. 73 STATE STREET, Albany, Albany Co., N.Y. LENGTH OF ROAD-Albany to Binghamton.... .140 miles. The Albany and Susquehanna Railroad Company was formed under the General Railroad Law of New York and filed Articles of Association on the 19th April, 1851. The work of construction was commenced in July, 1853, but discontinued in August, 1854. In September, 1858, it was again resumed, and is now in progress. No portion of the line has been completed. SHARE CAPITAL-Authorized, $4,000,000, in 40,000 $100 shares. Subscribed, $1,807,800. Paid in, $404,950. |