‘com pany.

AM.E RIC AN RAILROAD JOURNAL.

7711

seen, by comparing the statementsannexed
with those of last year, that the whole un-
funded debt, amounting to upwards of $47,-
000, has been paid oil‘, out ofthe net surplus
receipts ofthe road. After paying the inte-
rest on the funded debt, and the current ex-
penses for the year, there will be a balance
in the hands of the treasurer of $12,413 11,
which, added to the amount paid off, shows
that the profits derived from the business of
the road are more than nine per cent. on the
capital stock of the company. _

-From the progressive increase of business,
and the irnprovetl condition of the road dur-
ing thelast three years, with the prospect of
a still greater increase from the Pennsylvania
railroad, the stock of the Harrisburg and
Lf11lCiiSl'.€l' railroad company cannot fail to
become one ofthe most desirable railroad in-
vestments in the country.

The board of directors flatter themselves
that the company is now in such a condition
that the net profits of the road will be amply
adequate, (after paying interest on the loans)
to pay regular dividends to the stockholders,
besides making appropriations towards a con-
tingent fund, to liquidate the funded debt of
the company.

Since the last annual meeting, the board
has been seduously employed in improving
the condition of the road. The twenty four
miles of track laid with T rail isin excellent
order; and that portion laid with flat f-ar iron
is in as good astate as a road of that kind can
be made.

Twenty five tans of new T rail have been
laid on the latter track during the year.

The whole distance from Harrisburg to
Dillervillevis now run in less than two hours
———and the board is happy to state, that no ac-
cident has occurred on the road during the
last year.

The bridges and cnlve-rts along the line of
the road are in good repair. The flooring
on the Big Chiques bridge has been relaid,
and the structure otherwise improved.

The locomotives and machinery are all in
excellent order; and the two new engines,
the Washington and Franklin, perform well,
and require but little expense to keep them in
repair.

The wcirchonses, wrtterslips and depot at
Harrisburg, are in as good a condition as
they were at the last annual report, and are
now rented for $2200 per annum. A

The attention of the board of directors for
some time past, has been directed to the con-
struction of a branch railroad from the Har-
risburg and Lancaster railroad to Marietta
and Columbia. . ,

The importance ofthis connection. in rela-
tion to the geographical position of this route,
as well as theinterest of the company, is ob-
vious. It will not only secure a very large
additional amount of trade and revenue,which
has heretofore been carried through other
channels, but it will putto rest any danger of
coming into competition with any other rival
Thisbranch or route can be so
located, as to pass along the thickly populat-
ed region of the Susquehanna, passing thro’

and Columbia, the great lumber marts on
that river. I

The citizens of the town on the line ofthe
contemplated road have a deep interest in
the construction of it, and are sensible of the
importance and advantage it will be to them.
They came forward, in the most cordial and
liberal manner, to aid and assist the commit-
tee in their examinations, and have given
the board the strongest assurance, that a libe-
ral subscription can be obtained from the

the thriving towns of Brainbridge, Marietta,

parties in that locality, interested in the con-

struction ofthe road.

A charter has already been procured, au-
thorising the company to construct a railroad
from I-larrisburg to York, on the western
side of the Susquehanna; the construction of
the branch referred to, will, however, do
away tne necessity of making that road.

VVith a view to accomplish so desirable an
object, the board of directors made application
to the legislature of this State, and obtained
a supplement to their charter, authorising
them to construct a branch from any point;
on their road, west of Mountjoy, to Marietta,
with the privilege of extending to, and con-
necting with the Philadclphia and Columbia
railroad, at Columbia.

Soon after the charter was obtained, a com
mittee of gentlemen from the board of direc-
tors visited the ground, examined the routes,
reported favorably, and recommended an ear.
ly examination and survey ofthe ground;
which report was approved, and measures
taken to commence the work.

The board has two routes in view, either
ofwhich they believe can be made at less cost
than the construction ofordinary roads. One
of these routes connects with the Harrisburg
and Lancaster railroad, about 1% miles east
of the tunnel, extending to Marietta and Co-
lumbia, distance about 8% miles. '

The other route extends from Columbia,
along ihe bank of the river, and connects
with the company's road" near Portsmouth, a
distance of about 18; miles.

The company has engaged the services of
Edward F. Gay, Esq., engineer, a gentleman
of well known practical experience and skill
in his profession, who is now.on the ground
with an eficient corps, actively employed in
making surveys and examinations, with esti-
mates of the cost and construction of the road.

All which is most respectfully submitted.

By order of 'the board,
3 Joseprr Yemen President.

Philadelphia Sept. 1, 1848.

[No. 1.]

Statement of the whole "receipts and expendi-
tures qf the company; for the fiscal year com-
mencing lst September, 1847, and ending
31st August, 1848 ; also with the balances

ofcash. -

To balance on hand Ist Sept, 1847.. ....$2,992 80
'1‘o cash received for passengers. . . . . .. ..80,900 24
“ 1reight....,.......31,28412
“ extra freight....  772 69
“ rents.... . . . . . . . . .. 2,093 40
“ mails . . . . . . . . . . . .. 6,300 00

“ old materials and en-
gines....   4,904 43
“ bonds at par.. .. .. . 2,000 00
“ “  90000

_...............—

132,147 07

Disbursed as follows :
By cash paid this amount of company’s

debts....       .4'7,42O 86
By cash paid interest on company’s loans

and debts . . . . . . . . . . . . . . . . . . . . . . . . .. 32,309 40
By cash paid discount on uncurrent mo-

 502 58
By cash paid (from bonds) in full for en«-

 2,000 00
By cash paid (from bonds) commissions

on assignment removed last year, as

per table No. VI .' . . . . . . . . . . . . . . . . . . . 900 00
By cash paid balance ofcommissions, as

 73 50
By cash paid insurance, taxes on proper-

ty and capital stock, as per do . . . . . . .. 1,416 03
By cash paid for Trail, and materials

for reconstructing road, as per do . . . . . 2,708 36

By cash paid for repairing and running
the road, including oliice expenses, sa-
laries, rent, stationery, etc., as per d0.. 32,288 83

 

By cash paid unclaimed dividends . . . . .. 115 00
By balance on hant_l.. .. . . . . . . . . . . . . . .. 12,413 11
132,147 65
[N 0. II.]
Abstract of freight business.
ts Kc.‘ .
5% 2° 53:: E
éfig ‘E3375 0
s 19?. $3 '1 E
, ' E-4 E-4

18=17—September  311209 17 1,006 56 81,515 73
October . . . . . .. 16 53 1,(‘49 67 2,8(‘6 20
Novcmber.... 1,430 59 1,490 54 2,921 1.3
Deccmber.... 1,474 27 1,201 17 2,675 41
1848—~Jflanuary . . . . .. 1,906 18 1,819 02 3,725 20
bebruary.  1,994 87 2,533 08 4,527 95
March.  1,993 14 3,3238 04 5,321 18
Jelpril ....... ..  1,38;  2582 47

 . '71 ".9 r 1,873 65

June . . . . . . . .. 624 01 811 58 1435 59

July . . . . . . . .. 469 50 552 36 1,021 86
August 606 06 711 66 1,371 72
13,640 81 17,643 3131,284 12

|No. 111.]
Abstm ct ofpa-ssengcrr business.
3' ,9 ,,
. ct. += 4
 3 ‘*5 ui '35 3"} 
g bu » E; 53 93 3 no 8 E}
at 5 co to an ,_, 5 ,,, 51,
~— :i
5 .2 C“ O 5 we 3 tn‘ ‘“
3 eg .2 3 a rig cg '5 S‘
q 9' «-5 ct: g’ .23
2 ‘E3’ 2 <1 -38

1847-—-September. 194,479 5402 1-40 $57,563 07
October... 175,826 4884 “ 6,837 66
November. 133,470 3708 “ 5,190 51
December. 11 ,940 3137 “ 4,392 10
1848——January... 113,773 3160 “ 4,424. 50
February.. 114,991 3194- ‘: 4,471 87
March.... 165,755 4604 “ 6,446 02
April. 254,708 7075 “ 9,905 30

May . . . . .. 209,873 5830 “ 8161 72

June . . . . .. 190,754 5299 “ 7,418 20

July . . . . .. 180,704 5030 “ 7,027 37
August. .. 233,021 6473 “ 9,061 92

7 2,030,294 57,786 80,900 24

[No. IV.]

freight, rents, mails, elc., for the past year‘.
From passengers . .  . . . $80,900 24
freight....,.......  31,284 12

occ--g--co-on

oako non. -

mai1s.......................... 6,300 00

rents . . . . . . . .  . . . . .  . . . . . . 2,093 40

extra freight....  . . 772 68

_ 121,350 44

From sale of old materials and engines. 4,904 43
Total income for year . . . . . . .;. .... . . 126,254 87

Abstract of ‘the receipts from passengers, aindt