The Cheshire Railroad 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 Ashburnham 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 Keene; 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 10 miles, and in New Hampshire about 434 miles. SHARE CAPITAL-Authorized, $2,250,000, in 22,500 $100 shares. Issued, Common Stock, $68,100, in $100 shares. 66 The Preferred Stock was authorized by a vote of the stockholders at their annual meeting, held 10th Dec., 1851, by which the original shareholders were entitled, on subscribing and paying for one share of Preferred, to convert into Preferred, three shares of Common Stock. Nearly all the shareholders availed themselves of this option. FUNDED DEBT $738,200: classified as follows 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. 480,371 Dr. GENERAL LEDGER BALANCE SHEET, 1ST DECEMBER, 1859. Cr. .$2,085,925 738,200 84,327 255,279 $1,490,749 Share-Capital. 106,336 Balance profit and loss.. Land and land-damages 125,055 Rolling Stock... 322,267 Engineering... 46,889 Agencies, etc....... 462,807 Other assets.... 87,767 Total... .$3,163,731 Total . $3,163,731 $34,796,816 643.68 1,253,259 1,955,221 133,829 3,342,308 2,003,554 1,338,754 315,114 Aver. 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 30th November, 1859.) ICHABOD GOODWIN, President.. .... J. B. PARKER, Treasurer... .Portsmouth, N.II. ...Boston, Mass. LENGTH OF ROAD-Portsmouth to Massachusetts State Line.......... 16.55 miles. The Eastern 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 Road, etc.-$525,205.-(See Eastern Railroad Company of Massachusetts.) GREAT FALLS AND CONWAY RAILROAD. John Smith.... BOARD OF DIRECTORS AND OFFICERS, 1859–60. Thomas M. Wentworth....Lebanon, (C Isaac Chandler.. A. A. PERKINS, Treasurer, Secretary, and Superintendent.. PRINCIPAL OFFICE..... LENGTH OF ROAD-Great Falls to Union Village ...... .Rochester, N.II. ..Great Falls, .GREAT FALLS, Strafford Co., N.II. No second track. Sidings, etc., 1.3 miles. ROLLING STOCK-Locomotive engines.... Cars-Passenger, 2; freight and other cars, 52.. * Paid in stock. † Paid in bonds. ..20.09 miles. 3 .54 The Great Falls 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, 64 miles, was completed; on the 19th March, 1850, the section between Rochester 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 464 miles. No work of any amount has been done north of Milton. SHARE CAPITAL-Authorized by charter, $1,000,000, 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 stockholders, 31st 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 FUNDED DEBT $250,000 classified as follows1st Mortgage, 6 per cent. coupon bonds... – per cent. coupon bonds -- $125,647 -$100,000 ..$100,000 -dated 22d Sept., 1851, and payable, principal 1st July, 1862, and coupons semi-annually, 1st Jan. and July, at Treasurer's office, Somersworth, N.H. 2d Mortgage, 6 -dated 1st April, 1854, and payable, principal 1st Oct., 1874, and coupons semi-annually, 1st April and 1st Oct., at the Treasurer's office. 3d 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 provided 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 INCOME ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 1859. GENERAL LEDGER BALANCE SHEET, 1ST APRIL, 1859. MERRIMAC AND CONNECTICUT RIVERS RAILROAD. (Financial year ending 31st March, 1859.) OFFICERS, 1859–60. E. H. ROLLINS, President.... ONSLOW STEARNS, Agent for line from Concord to Claremont. JOSEPH A. GILMORE, Sup't. for line from Manchester to N. Weare.. PRINCIPAL OFFICE LENGTH OF ROAD-Concord to Bradford...... Manchester to North Weare. Total..... .Concord, N.H. .CONCORD, Merrimac Co., N.H. .27.16 miles. .25.52 66 No second track. Sidings and turnouts, about 4 miles. ROLLING STOCK-Locomotive Engines Cars-Passenger, 4; freight, etc., 80.. .52.68 miles. 2 .84 The Merrimac and Connecticut Rivers Railroad Company is a consolidation of the two companies formerly known as the "Concord and Claremont," and the "New Hampshire 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 consummated In consequence of default in the payment of interest, the road has for several 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 trustees. SHARE CAPITAL-Authorized, $3,000,000, in 30,000 $100 shares. Paid in, $595,587. FUNDED DEBT $383,400 classified as follows-— 1st Mortgage, (N. H. Central,) 6 per cent. bonds -$133,400 -dated 1st Jan., 1851, and payable, principal 1st Jan., 1856 and 1861, and interest semi-annually, 1st Jan. and 1st July. Under this mortgage provision was made for $200,000. 1st Mortgage, (Con. & Clar.) 6 per cent. bonds -$100,000 -dated 1st July, 1850, and payable, principal 1st July, 1855, and interest semi-annually, 1st Jan. and 1st July. 2d Mortgage, (Con. & Clar.) 6 per cent. bonds.. $150,000 -dated 8th Sept., 1851, and payable, principal 8th Sept., and interest semiannually, 8th March and 8th Sept. Since 1854 a portion only of the interest on the bonds has been paidviz. 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 ROAD AND EQUIPMENT $1,282,504: in detail as follows- Graduation and masonry Total. Wooden bridges. Superstructure, including iron.. Stations, buildings and fixtures.. Land, land-damages, and fences. Locomotives Engineering and other expenses 37,462 INCOME ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 1859. GENERAL LEDGER BALANCE SHEET, 1ST APRIL, 1859. Share capital. Floating Debt Total... Additional cost.. $595,587 Construction 383,400 Cost of equipment.. 303,517 Dr. $1,109,860 138,715 33,929 .81,282,504 |