926

AMERICAN ‘RAILROAD JOURNAL.

when the great bridge will be transformed into
one wholly of iron on granite piers.

Gi‘1'8.h(l Southern Railway.

Work is steadily progressing on this road, and
the force is being increased as occasion requires,
that is, as fast as the engineering staff can locate
the road, which is being done as rapidly as possi-
ble by three locating parties in the field. Sixteen
different miles of the road are now in course of
construction by a force of about 250 men and a
proportionate number ofhorses. Mr. Green has a
staff of twenty-six men engagt-d in locating the
road and laying out work for the contractors.--St.
(Jroiar 00247-z'e7'.

Camrlen and Atlantic Railroad.
The earnings of this road for the years ending

December 31, 1874 and 1875, were as follows:

1874. 1875.
Passenger .. .  ....$314,062 51 $316,407 12
Freight...    136,419 58 131,799 58
Express (expenses de-
ducted in 1874, but
not in 1875)....  24,436 52 , 36,604 64
Ferry............».... 45,444 51 42,716 12
May’s Landing Branch 3,601 18 4,218 92
Atlantic City horse cars . . .. .  7,286 35
United States Mail... .. 3.000 0 4,500 00
Rent of real estate... .. 2,122 50 3 046 42
News agent . . . . . . . . .. 800 00 1,233 35
Dividend on stock of
Sea View Hotel Co. .. . . . . . . .. 680 00
$529,886 80 $548,482 50
Expenses, viz:
Conducting transp..... $61,472 07 $62,078 78
Motive power   57,609 57 60,149 34
Maintenance of way. .. 67,113 07 100,927 26
Maintenance of cars. .. 18,363 '73 14.078 30
General expenses . .. .. 34,346 413 31,836 20
Express (deducted from
receipts in 1874).... .. ..  , 12,176 77
Ferry  41,814 91 49,199 51
Mays Landing Branch 7,419 93 7,560 97
Atlantic City horse cars . . . . . . . . 2,843 34
$288,139 71 $340,850 47

Earnings over operating
expenses . .. . . .. . . . . $241,747 09

From which deduct—
Interest on bonded debt...$68,740 00

$207,642 03

Interest on mnrtgages.... 6,013 00
Interest-............  912 41'
Premium on gold to pay
coupon on 1st Mortgage .
bonds . . . . . . ..   5,059 99
Sundry items....   6,859 27 ’
—-—- 87,584 6
Net earnings for the year 1875. .  $120,057 36,

Deduct dividends of May 1 and Octo-
ber 1, 1875, amounting to seven per
cent for the year, on the preferred

and common stocks . . . . .. .. . . . . .. 85,088 50
Surplus for the year .......... . . 334,968 86

To this surplus add———
Increase of floating debt.... . . . . . . .. 27,169 01
Express teams so1d....    67 50

I . 1I—uu—X——-—-Q

Total      362,205 37
Disposed of as follows:

Construction. ..    . . . . . . “$16,799 84
Equipment . . . . . . . . . . . . . . . .. ....  14,759 87
Equipment, Atlantic City Horse cars.. 5,225 26
Real estate.....  .... .... .... .... 6,281 93

Subscription to stock of Centennial -

Board of Finance. .. .. .   5,200 00
Preferred stock scrip redeemed in cash 117 18
Increase, of assets... ....    13,821 29

-u-———:uc:._-—

Total, as above. ....  ;... ....$62,205 37

F01‘ the year ending Degeygber 31. 1874: the ty eight pound iron I rails. We have 200 tons gr

earnings were $529,886 80, the expenses $288,-
139 71, and the net earnings $241,747 09. The
payments in that year were: for interest on bond-
ed debt, premium on gold, etc., 383,715 55, and
for dividends, (7 per cent on preferred stock and
3% per cent on common stock), 371,869——-a total
of $155,584 55, leaving a balance of 886.162 54,
which added to the balance at the close of 1873,
give the total as in General Balance Sheet of
$174,864 84. It will be seen that the gross earn-
ings show an increase in the past over the previ-
ous year of 318,605 70, with an increase in ex-
penses of 352,710 76, making a decrease in the
net earnings of $34,105 06. The report says:

It is gratifying to state that we enter the com-
ing year without any material floating debt, after
having purchased 1,134 tons of iron rails and 202
tons of steel rails, and having had 207 tons of old
rails rerolled, and made considerable outlay for a
commodions ferry—house at Vine Street wharf.
Under the circumstances, we may congratulate
you that the receipts from our road have not only
kept up with all previous years, but have been
somewhat in excess of them, showing, under more
favorable circumstances, what we may expect in
the future, when trade and commerce revive, as
we must soon look and hope for them to do,
from the energy and enterprise of the people of
our country.

The company have 12 locomotives, 8 first-class,
19 second-class and 25 third-class passenger, 2
smoking, 2 mail, 47 house, 68 flat, 3 timber and
13 (4—wheel) lime cars. The total mileage of lo-
comotives was 235,143, divided as follows: main
line, 225,413; May’s Landing Branch, 9,730. The
main line mileage shows an increase of 6,238
miles over 1874. The average cost per mile for
repairs, fuel, wages, oil, taller: and waste was 20.
91 cents. The superintendent in his report says:

The expenses of the roadway department, com-
pared with 1874, are as follows:

Renewal of Ordinary

iron rails. repairs. Total.
1875 .. ....$52,081 03 $48,846 23 $100,927 26
1874 ..  28,693 03 38,420 04 67,113 07

. Increase.$23,388 00 $10,426 19 $33,814 19

1,106 tons of new irbn rails and 207 tons of re-
rolled iron were put in the track, a total of 1,313
tons against 695% in 1874. 885 tons of old rail
were cut and relaid. 20,857‘ cross-ties were
bought during the year; there were 1 518 on hand
at the first of the year, making in all 22,375; of
this number 308 were used in the car department
for repairs, etc.; 20,320 were used for track re»
pairs and new sidings, leaving 1,647 on hand at
the close of the year. 588 switch ties were also
bought. Twelve steel rail frogs and twelve cast-
iron steel—faced frogs were put in the track in
place of the same number of the iron frogs here-
tofore used--the greater durability and safety of
these frogs will amply repay the company for the
increased first cost. A new steel rail crossing
was put in at the crossing of the Amboy Division
of the Pennsylvania Railroad, in place of the iron
crossing, which was entirely worn out.

The track over the meadows, between Absecon
and Atlantic, has been thoroughly overhauled,
raised up out of the reach of the ordinary high
tidles, and staked and embanked on the landward
81 e.

The general condition of the roadway is very
good, and it is rapidly approaching a first-class
condition.

' The only portions of the road in which the old
U rails still remain are, the track in Camden yard,

between forty—third and forty-seventh mile posts,
and from Absecon to Atlantic City. being about
twelve miles, exclusive of Camden yard. The re-
mainder of-the line is laid with fifty-seven and fif-

sixty pound steel on hand to put in during the
coming year.
The number of tons of freight carried during

the year was 113,731; do, carried one mile, 2,-

871,391. Number of passengers carried, 502,690,
CONDENSED BALANCE SHEET, December 31, 1871,
Rai1roud.... .... ....   ....$1,853.730 24

 

Construction, added in 1875. ..  16,709 84
$1,870,530 08
Real estate . . . . . . . . . . . . . . . . ..  9,142 40
Equipment . .. .... ....$470,187, 59 '
“ added in 1875 14,759 87
-——--- 484,947 46
Equipment, Atlantic City horse cars 5,225 26
Steamboats .  . . . . . . . . . ...  76,800 00
Express teams.....  5,105 00
Sea View Hotel Company’s stock
and bonds  24,000 00
Stock of Centennial Board of Fi-
nance  5,200 00
Billsreceivable..........  0,621 62
Materials on hand . . ..  .. . . . . . . . . 88,650 48
Due by sundry debtors... ....  6,843 55
Cash on hand.. . . . . . . . . . . . . . . .  18,938 93
$2,552,004 68

Common stock (7,548 shares).  $377,400 00
Preferred stock (16,763 shares).... 838,160 00
Preferred stock scrip.  . . . . . . .. 202 40
81,215,752. 40
First mortgage bonds (7 per cent
interest in gold) ....$490,000 00
Second mortgage bonds
(7 per cent interest,
currency) . . . . ..  500,000 00

 

 

—-—- 990.000 00
Bonds and mortgages..... ....  85,900 00
Second mortgage coupon scrip.  250 65
Dividends unpaid . . . . .. $14,631 75
Wages for December,
payable in January,
1875 . . . . . . . . . . . . . .. 9,051 40
Material bills December,
parable in January,
1875 . . . . . . . . . . . . . .. 26,584 78
—— 50,267 93
Profit and loss, balance
from 1874 .. .... ....$174,864 84
Profit and loss, added in
1875     34,968 86
---r—----——- 209,833 70

—.——_—:...—.....1—

‘ 32,552,004 68
PresicZe'«t.——ANDREW K. HAY.
1)s'recfors.—-Andrew K. Hay, Anthony J. Antelo,

W. Dwight Bell, John Lucas, James B. Dayton,

Enoch A. Doughty, Thomas H. Dudley, William

Massey, Charles R. Colwell, Samuel C. Cooper,

William C. Allison, George T. DaCosta.

Secretary and Trcasm-e7'.——D. M. ZIMMERMAN.
Sugm-intemlent.-——F. A. LIs'rnR.

33"‘ The Northeastern Railroad, extending
from Bolton, :2. point on the Atlantic and Rich-
mond Air~Line Railroad, to Athens, Ga., was com-
pleted on the 14th inst., and an excursion train
passed over the entire line. Athens is a terminus
of the Georgia Railroad (Augusta and Atlanta.)
The Northeastern Railroad is the same gauge as
the Richmond and Danville and Atlanta and
Richmond Air-Line. Belton is 67 miles east of
Atlanta, and the distance" from Richmond to At-
lanta by this line will be 520 miles.

3? A despatch frdm San Francisco says that
advices from Los Angeles state that daylight was
let through the San Fernando tunnel on the 15th.

This is the longest railroad tunnel in the United 

States except the Hoosac, and the last completed

(if eighteen on the line of the Southern Pacific