STEAM NAVIGATION, COMMERCE, FINANCE, ENGINEERING, BANKING, MINING, MANUFACTURES. ESTABLISHED IN 1831. PUBLISHED WEEKLY BY JOHN H. SCHULTZ, AT NO. 9 SPRUCE ST., NEW YORK, AT FIVE DOLLARS PER ANNUM. SECOND QUARTO SERIES, VOL. XXVII., No. 45] MR. FREDERIC ALGAR, No. 8 Clements Lane, Lombard Street, LONDON, England, is the authorized European Agent for the JOURNAL. PRINCIPAL CONTENTS. Boston and Albany Railroad.... .... Atlantic and Gt. Western Railroad .... .... ..... SATURDAY, NOVEMBER 11, 1871. have had no question as to the proper course for The action of the last legislature, however, by depriving the owners of a railroad property of the right to assess themselves at the par value of their stock for the improvement and development 1241 of their property, has made it necessary for us to 1242 inquire what other means are within our reach 1243 for raising the necessary funds. We find that 1243 under the existing laws of the Commonwealth 1243 two ways are now open to us, first, by a sale of our stock at public auction, and, second, by an 1243 issue of bonds. If it was entirely clear that the 1245 first method, viz., the sale of stock at auction, was 1244, 1246 the wisest, it would not have been necessary to 1254 ask for further action of the stockholders, as the board of directors are already authorized by your votes to make such issues of stock as they may deem expedient. The number of shares of stock which we might issue is dependent upon certain 1265 conditions, which it is not possible for us to com1266 ply with at present, and we should soon fail to raise from this source a sufficient supply of funds to carry on our work of improvement; besides, an issue of stock to so large an amount as will be soon required in the mauner now provided by American Railroad Journal. law, could not fail of depreciating to a consider Federal and State Securities Stock Exchange and Money Market Imports of Dry Goods.. Journal of Railroad Law The Public Debt Statement .... .... Cleveland and Pittsburg Railroad. ... ........ .... 1261 1264 1264 1265 1266 New York Saturday, November 11, 1871. Boston and Albany Railroad. A special meeting of the stockholders of this corporation was held in Boston on the 2d inst., to consider the subject of authorizing an issue of bonds to meet the requirements of the corpora tion. [WHOLE NO. 1,855 VOL. XLIV. against the property prior to your own, the directors are ready to carry out your views. It is to consider these two propositions and determine what, in view of the circumstances of the case, is the wisest course for us to pursue, that we have called you together, and the matter is now in your hands. The gross receipts of the corporation last year amounted to eight millions of dollars; they have added two new locomotives to the rolling stock since the 1st of October, and will soon add four more. There is great necessity for additional storage accommodations, not less than 9,000 tons of freight being now in the cars waiting for shipment, and there are no vessels to take it away. Increased connections with western roads had introduced a new business, viz.: the transportation of grain, 4.557,700 bushels of which were carried by the road last year. Mr. George O. Crocker of New Bedford offered the following resolution: Voted, That the directors be authorized to issue bonds, to an amount not exceeding $5,000,000, at such time and in such manner as they may think best for the interest of the corporation; provided that the rate of interest shall not exceed seven per cent. per annum, and payable in not more than twenty years, and not to be issued at less than par. Jonathan Bourne, jr., of New Bedferd moved to amend the motion by making the principal and interest payable in gold. Mr. Chapin stated that the directors felt confident of their ability to find a market for the bonds on a currency basis, and that it would be inexpedient to limit the sale to any but the open market. able extent the market value of our shares. The directors have felt some hesitation in adopting a policy which would lead to such a result. The law authorizing an issue of bonds requires the action of the stockholders in order to legalize such issue. Under this law we are authorized to issue twenty-year bonds to the amount of the capital stock paid in at a rate of interest not to exceed seven per cent. We shall require within a short time, to meet expenditures now incurring for permanent improvements, about $2,000,000, The meeting was called to order by the presi aud for the prosecution of other large works in dent, Chester W. Chapin, Esq., of Springfield. J. contemplation, as the Worcester Union depot, the A. Rumrill, Esq., secretary and clerk of the cor-depot and bridge at Springfield, and further deporation, read the call for the meeting, after pot accommodations at Boston, and new engine which Mr. Chapin announced that after a consul-need large additional sums of money. house, shops and yard-room at Albany, we shall tation the directors had decided as follows: In the present condition of the money market Gentlemen.-We have called you together to it has been thought that a bond running at any consult upon the best means of raising funds to thing less than 7 per cent, would not be taken at meet the large outlays rendered necessary by the its par value, and the directors, at their meeting increasing demands of our business. The ex- held yesterday, voted to recommend to the stock perience of each year is demonstrating to us that holders an issue of 7 per cent. twenty year bonds the amount of business which we are to do is de- to the amount of five millions of dollars. This amendment, and urged that the matter should be pendent to a large extent upon the facilities which action of the board was taken upon the assump-left to the directors, who ought to be untrammelwe afford for its transaction. It is equally appar- tion that as between the two methods of raising Mr. Edward L. Davis of Worcester opposed the amendment, contending that the credit of the Boston and Albany Railroad corporation was sufficient to insure the sale of the bonds on a currency basis, and that if made payable in gold they would unquestionably command a premium, which was not provided for in the original motion. Hon. Moses Kimball spoke in opposition to the ent that these facilities can only be increased by money now within our reach, viz., by a sale of ed. As the representative railroad of Massachuvery liberal expenditures of money in permanent stock at public auction or by an issue of bonds, setts the Boston and Albany ought to set an ex. improvements and additions to our property. the latter was the one which you would be likely ample against gold gambling, and not to do as Under the laws of our State which have always to approve. If you think otherwise, however and prevailed up to the present time, and which we believe it would be better to make an issue of many western roads had done, encourage it by had reason to believe had settled the policy of stock, to be sold as provided by law, rather than the issue of gold-bearing bonds. legislation in regard to this subject, we should make a new bonded debt, and thus create a lien Mr. Bourne then withdrew his amendment, whereupon the resolution of Mr. Crocker was adopted unanimously. A motion was made providing that the stockholders should have the privilege of taking one bond for every ten shares of stock held by them, but this was voted down and the meeting adjourned. Half-year RECEIPTS. Passengers, Freight sundries. live stock. Rents. £ £ 139,821 144,028 716 .172,731 169,576 854 199,221 1,116 July, 1867....165,365 Total. £ 284 565 343,162 365,704 356,649 937 385,066 807 408,900 747 458,891 Including .158,803 Great Western Railway of Canada. REPORT OF THE DIRECTORS FOR THE HALF-YEAR ENDING JULY 31, 1871. The receipts on capital account during the balfyear to July 31, 1871, amounted to £265,572, as follows: Five per cent. preference stock arrears, third instalment £842, five per cent. preference stock in anticipation of future instalment £7,181, new 6 per cent. bonds, balance of £750,000 issued £257,550, total £265,572. The total receipts or Half-year ending capital account amounted, on July 31, to £6,404,308. The outlay on capital account during the July, 1865. half-year amounts to £121,609, of which £97,153 July, 1866. has been expended on account of the Glencoe line July, 1867..... -£4,892 on Brantford branch-£14,982 for 100 July, 1868. new blue line cars, being additional stock; and July, 1869. the remaining expenditure includes cost of Mil- July, 1870. ler's patent platform and couplers to passenger July, 1871.. cars-3 miles of additional sidings at various The following is a summary of the revenue reparts of the line-raising remainder of overhead sults of the past half-year, compared with the bridges to height of 18 feet above the level of corresponding period (including Galt and Guelph track, &c., the details of which are shown in the engineers and mechanical superintendents' reports. The total expenditure to July amounted to £5,701,153, leaving a balance unexpended of £703,155 at the credit of capital account. The receipts and expenditure on revenue account for the halfyear have been as follows: The condition of the roadway continues good, 022 41, as compared with $322,584 69 at the commencement of the half-year. The following table and trains are run with great regularity. The reexhibits the receipts and expenses for seven cor-sult of the use of steel rails has been satisfactory, responding half-years: and it has been decided to replace gradually the whole of the iron rails in the main track with steel rails as they require renewal. The very heavy traffic now passing over the main line renders it absolutely necessary to keep the line in a state of the highest efficiency. Every railway forming a part of the great through route between Chicago and New York is required to make punctual train connections, or the operation of the whole line of 1,000 miles would become disorganised. The pol icy of adjusting the Company's system of 350 miles of railway to the 4f. 8in. gauge has now been entirely carried out, and the car stock is being altered to that gauge as fast as possible. It is considered advisable for the present to continue the Per cent 5ft. 6in. gauge (by a triple line of rails) upon the of gross 76 miles between Hamilton and London, until receipts. some disposition can be made of those broad gauge 55.81 engines which cannot be altered to narrow gauge. 51.21 Careful estimates have been framed of the cost of 49.98 altering the gauge, including engineering charges, 58.45 conversion of the rolling stock, and providing ad60.45 ditional narrow gauge locomotives, to replace such 61.58 of those built on the broad gauge as cannot be 58.48 converted. The balance of this account is estimated to amount to £91,000, which, as stated in the report of last year, it is proposed to charge to revenue, extended over a period of five years. One-tenth, or £9,100, has been charged against net revenue in the present half-year's accounts. $366,291 31 8321,449 16 The two years' agreement with the Michigan Central Railroad Company has been found to work 358,586 26 380,012 81 well, but as it terminates on 31st December, 1871, $724,877 57 $701,461 97 a new agreement for ten years has been concluded, by which the through earnings of both Companies are to be divided annually upon the percentage of through traffic actually earned by each Company in the year immediately preceding. Among the new lines of railway now being constructed across the state of Michigan are some which will prove to be valuable connections to the Great Western railway. The Detroit, Hillsdale, and Indiana railroad is completed from Ypsilanti, (on the line of the Michigan Ceutral railway) to Hillsdale-60 miles. The Detroit, Eel River, and Illinois railroad is an extension of the above as far as Logas. port. The Port Huron and Lake Michigan railroad is approaching completion, being opened to Lapeer, 46 miles from Port Huron. Agreements have been entered into with the above Companies, whereby all their through traffic is secured to the Great Western railway. The Wellington, Grey, and Bruce railway has been opened for 23 miles during the half-year and has yielded an increase in the Great Western traffic of £5,098. The line to Harriston-27 miles additional-will be opened in time for the winter's business, and will increase the amount of raffic interchanged with that Company at Guelph. The partial failure of the grain crop last season in Canada seriously affected the earnings; the total number of bushels of grain traffic): Passenger traffic .... Total...... ...£458,891 268,276 Local 1871. 1870. .$481,754 22 $524,890 62 Increase in way passenger traffic 345 2,000 9,100 Amount paid for repairs and com pensation Nith river bridge accident account.... ............ 5,895 Decrease in way freight and live ........ £8 497 54,684 £63,181 13,131 £50,050 2.778 The increase in working expenses amounts to carried locally having been £556,677, against 1,£16,452. The analysis of traffic receipts during 302,031, and of flour 107,527 barrels, against 169,4,500 the half-year gives the following results: 380 in the corresponding period. It is satisfac1870. tory, however, to state that the crops which have Cents. just been secured are excellent, both in quality and quantity. During the past half-year two members of the board, along with the secretary, visited Canada, to make an inspection of the Company's property. Whilst in the province they rendered very valuable assistance in the discussion of, and the disposal of, various important questions then pending, especially the matter of establishing good relations with surrounding Companies. The receipts and expenditure of the Detroit and Milwaukee railroad have been as follows, for the half-year ending 30th June, 1871. Gross earnings..... Working expenses, taxes,&c. through passenger...2.821 3.165 The dividend for the half-year on the 5 per can currency for the half-year amounted to £20,- July 31, 1865.... affected the traffic of this line, but the result of towus through which the road passes. He agreed Cairo and Fulton Railroad. the last harvest has been more satisfactory, and with Mr. Derby that the contemplated action of The St. Louis and Iron Mountain Railroad the earnings already show an increase over the the company should have been taken long ago, and Company has effected the purchase of the Cairo corresponding period for 12 weeks since July 1 cf ought to be taken now before other parties should and Fulton Railroad of Arkansas. The directory £10,040. The following members of the board of occupy the ground. The population of the towns Directors go out of office, viz :-Mr. John Fildes, to be affected by this measure was given as fol- immediately afterward appointed Thomas Allan Mr. P. Margetson, Mr. E. H. Green, and the Hon lows: Hudson, 3385, Marlboro' 8500, Sudbury 2, and H. G. Marquand--the President and Vice John Carling, who are eligible and offer them-100, Lancaster 1900, Berlin 1000, Bolton 1000 and President of the St. Louis and Iron Mountain selves for re-election. The traffic returns since the Clinton 5500. Railroad--to the same office in the newly acquired commencement of the current half-year are eorailway. couraging, and present an increase of £36,866 in By order of the Board, London, October 4, 1871. Fitchburg Railroad. A special meeting of the stockholders of this Company was held in Boston on the 3d inst., to see: First--If the stockholders will authorize the directors to unite with the Worcester and Nashua Railroad Company in taking a lease of the contemplated Lancaster Railroad under statutes of 1871, chapter 180. Second--To see if the stockholders will author. ize the directors to locate and construct a branch railroad, with one or more tracks, commencing at some convenient point on the Fitchburg Railroad in or near the town of Concord, and thence running to some point on the Lancaster and Sterling Branch Railroad in the town of Stow, under statutes of 1870, chapter 246. After a slight alteration in the motion to meet the change in the boundary line of Maynard, the Atlantic and Great Western Railroad. of this company. Through this purchase the vast trade of Arkansas and Texas will be placed within the reach of St. Louis. Few railroad enterprises of greater importance and more direct benefit to St. Louis have, therefore, been consummated. It is the in. tention of the directory to push forward the work of construction on the Arkansas branch of the Iron Mountain Road and the new road with increased vigor. The former is now in running operation to I have cov pleasure to advise the present p within forty miles of the Arkansas line. At this sition of the proceedings for the reorganization point the main road will connect with the Arkan. sas branch of the Cairo and Fulton Road. It will The trustees for foreclosure obtained possession then run by an almost direct southerly route to of the line of 7th September, taking over the prop-Little Rock, where a junction will be formed with erty and revenues as from 1st September, and pro- the International Road of Texas. The latter in ceeded to organise the several State corporations. turn will run southwest, through Texas, giving St. The Pennsylvania division was constituted on 26th Louis connection with Fulton, Tyler, Houston, September, Daniel Dougherty, Esq., of Philadel- Galveston and other intermediate cities, and tap phia, being elected president; the New York di- the trade of the Arkansas and Red rive.s and their vision was constituted on 29th September, with tributary branches. On the Arkansas branch of W. Butler Duncan, Esq., as president; and the the Cairo and Fulton Road twenty miles are alOhio division was constituted about the 16th inst., ready constructed, and thirty miles are prepared ing necessary that in the separate State organiza- tives and twenty cars. with the Hon. Geo. B. Wright as president, it be for the iron. The section has also three locomoThe Missouri branch of tions the president should be a resident citizen. the Cairo and Fulton Road runs from Cairo, in a These organizations having been effected, the con-northwesterly direction, until it makes connection solidation will be completed as rapidly as the for with the Iron Mountain Railroad at Potosi, malities prescribed by the statutes of the several States perimit, and will have passed its various Chicago Extension of the Baltimore and Ohio Railroad. stages on or about 1st December. In the mean- ment is fixed for July 1st 1872. The meeting was called to order by President Stearns, who read the call, and the statute under which it was proposed to act. He proceeded to The trust which Messrs. M'Clellan, Thurman, gineer, of his survey of a route for the proposed give a history of the contemplated Lancaster Rail and Duncan so kindly undertook, and have so Chicago extension of the Baltimore and Ohio Rail. road, and stated that the Directors of the Fitch- energetically and faithfully fulfilled, will be wound road. The portion of the route surveyed by Mr. burg Railroad were of the opinion that the connec-up, and its duties ended by the creation of the consolidated corporation, and the issue of new Steele runs westward from Tiffin, in Ohio, in nearly securities within eighteen months of the produc- a direct line past Defiance, Auburn, Albion, tion of the scheme of reorganization. tion should be made at Hudson with the Lancaster and Sterling Railroad. The parties holding the charter were ready to construct the road if the Fitchburg Company would lease it at the rate of six per cent. per annum. Mr. E. H. Derby offered the following vote: Voted, that the Directors be and are hereby authorized to unite with the Worcester and Nashua Railroad Company in taking a lease of the con templated Lancaster Railroad under Statutes of 1871, Chapter 130, Bremen, &c., to Lake Station, on the Michigan Until the new adminstration comes into power the working of the railway must be simply pro visional, without the power of development or of reform, all the old machinery for earning and col-point in Chicago or vicinity that may hereafter be lecting the revenues being continued. selected. The distance from Tiffin to Lake Sta. After five years of suspension the weekly re-tion is a hundred and twelve and a half miles, and turps of traffic, though meagre and to some extent conjectual, are again published. These give but it intersects ten North and South railroads, the a faint idea of the revenue under a vigorous and most important of which is the Toledo, Wabash honest executive, with a high-class permanent way and Western, on account of its westward extenestablished, renovated traffic facilities, abundant sions and its large freight business. Of the counrolling stock, re-established coal and petroleum connections, and cordial co operation with local try passed over forty-seven per cent. is timber land interests and connecting lines. Genel M'Clellan, and four per cent, marsh; there are fourteen towns when his duties as trustee have ceased, will as- with populations of from 100 to 6,000 lying along sume the Presidency of the consolidated company, or adjacent to the line. These towns are growing with the Hon. G. B. Wright, now Commissioner of Railways in the State of Ohio, as vice-president, rapidly as the country becomes more thickly setVoted, That the stockholders authorize and em-residing in Cleveland, and Mr. Henry F. Sweetser, tled, and the manufactories increase, The estipower the Directors to locate and construct a a man of the highest capabilities and most ener-imated cost of construction for the entire line is branch railroad with one or more tracks, commenc-getic character, as general manager. put at $3,057,075, or $18 114 per mile. Mr. Derby sustained his motion by a statement of the demands of the section of country through which the contemplated road will pass, and the great increase of business which would flow from its construction. No objectious were offered, and the resolution of Mr. Derby was unanimously adopted. Mr. Alvah Crocker of Fitchburg offered the following motion: ing at some convenient point on the Fitchburg My official connection with the company, has Railroad in or near the town of Concord, and now temporarily ceased. I leave it free from litiThe Pennsylvania Railroad Company have thence running to some point on the Lancaster gation, from complication with the Erie or any leased the Sunbury and Lewistown road for the and Sterling Branch Railroad in the town of Stow, other company, and from the disastrous control as constituted at the time of the passage of the Enabling Act, under Chapter 246 of the Acts of 1870. Mr. Crocker set forth various reasons for the adoption of his motion. The case was so clear that he did not think it necessary to trespass upon the time of the meeting. The construction of this piece of road would shorten the distance to Boston, and conserve the interests of the strongest of Express companies or the other jobbing influ- term of nine hundred and ninety-nine years. This JAMES M'HEnry. ally of the Fitchburg Railroad, the Worcester and Albany and West Troy to test the Belgian system similar position on the New Jersey Southern railNashua Railroad, and of the people of the severall of towing, road, Marked thus (*) are lease. eteck ronde. standing แ Last Jul. 713 แ 66 Cape Cod.. Cape May and Millvi le* 4 50 Catawissa, pref.. Cayuga & Busquehanna. 50 Stock Stock out- Dividend Dividend Marked thus (*) are leased ont- Dividend Dividend standing. Periods. Payable. roads. standing. Periods. Payable. Hartford and New Haven.100 4,796,925 J.A.J&O Oct. 71 3 Portl., Saco & Portem'th..100 $1,500,000 J. & D. Jun.'71 5 annital and St. Joseph-100 4,151,700 Aug 70 3 Ports., Gt. Falls & Conway100 170,000 J. & J. July'71 4 Do. Co pref.100 5,078,224 Aug. 2707 Providence & Worcester-100 2,000,000 J. & J. Hanover Branch, Pa... 60 116,850 M. & N. May '71 5 Raleigh and Gaston.... Housatonic... ----100] 820,000 Rensselaer and Saratoga 100 6,000,000 A. & O. pref. 50 1,919,000 pref ....100 1,180,000 J. & J July '71 4 Richmond and Danville-100 4,000,000 Atlantic & St. Lawrence*.100 2,494,900 M. & S. Sept.'71 2 Huntingdon & B'd Top .. 50 615,950 Richmond and Petersb g-100 847,100 Augusta and Savannah 100 733,700 J. & J. Jan.'70 34| ref. 50 212,350 J. & J. J'n. €8 34 Rich., Fred, and Potomac.100 1,041.800 Baltimore and Ohio. ------100 13,151,962 A. & O. Apl '71 4 hinois Central. ---100 25,280,240 J. & J. Aug. 715 Rockport ------100/ 88,400 Do. Washington Br... 100 2,650,090 A. & O. Apl. 71 5 Indianapolis, Cin. & Lafay.50 6,185,897 M. & 8. Sep. '67 4 Rome, Watert, and Og'nb-100 2,998,900 J. & J. July '714 Baltimore City Passenger. 670,000 J. & J. July '71 4 Jeffersonv., Mad, & Ind..-100 2,000,000 J. & J. Jan. 636 Rutland preferred.----100 1,831,400 F. & A. A'g 71 8 Bay de Noquet & Marq-.100 1,250,000 A. & O. ApL'68 3 Joliet and Chicago*... ---100 1,500,000 J. A J&Q July'711 St. L., Alt. and T. Haute.100 2,300 000 ...100 Belvidere Delaware.. 925,800 Joliet & North. Indiana-150 300 000 J. & J. July '71 4 prof.10 2.040,000 Annual. May '687 Berkshire* ----100 609,000 J.A J&O July'711} Lake Shore & Mich. So. -100 35,000,000 F. & A. Aug. 714 St. L., Jack'nv. and Chic'o.100 2,478,750 50 Blossburg & Corning.*... 250,000 J. & D. (Jun. 712) guar.100 533,500 F. & A. Aug. '71 4 Sandusky and Cincinnati. 100 2,089,000 Boston and Albany 100 19,150,500 M. & N. Nov. '71 5 Lackawanna & Bloomsb.. £0 135,000 66 pref.100 445,596 M. & N. May 71 3 Boston and Chelsea ---100 110,000 A. & O. Oct. 71 4 Leeds and Farmington*. J. & J. July '71 3 Sand., Mansf, and Newark.100 Beaton, Concord & Mont.100 459,500 Lehigh and Mahanoy.. 50 2,158,565 J. & J. Jan, 676 Savannah and Charleston.100 Do., do. pref-100 1,340,400 M. & N Nov. 71 3 Lehigh and Susquehanna. 50 8,739,800 M. & N.'y.'67 5 Schuylkill and Susqueh'a. 60 Boston and Lowell.-500 2,215,0K J. & J. July '71 4 Lehigh Valley 50 17,716,400 J.A.J&O Oct.'71 24 Second and Third St.(Ph.) 50 Boston and Maine 100 4,471,275 1 & J. Nov. 71 3 Lehigh Luzerne. 50 314,650) J. & J. Jan.'69 4 Schuylkill Valley* Boston and Providence.100 3,700,000 M & N. Nov. '715 Little Miami.*. 50 3,572,400 M.J.S.D. Sept.'71 2 Seaboard and Koroke...100 Broadway (South Boston) 50 400,000 JA J.O. Oct, '71 2) Little Schuylkill*. 50 2,646,100 J. & J. July '7134 Second Avenue (N. Y.)...100 Broadw'y & 7th Av.(N.Y )100 2,100,000 J. & D. June 70 3 Lomb, and South St (Ph.) 25 90,000 17th & 19th streets (Ph.).. 50) Brooklyn City. 10 1,000,000 F.M. AN Nov. '713 Long Island. 55 3,000,000 M. & S. Sept.'71 3 hamokin V. and Pottsv.* 50 399,500 Brooklyn City & Newt'n_100 July 70 3 Louisv., Cin, and Lex.... 50 1,623,482 J. & J 100 Jul. 3 Shore Line.. Buffalo, Bradford & Pitte.100 1,100,000 pref..100 848,700 J. & J. Jul.'71 4 Sixth Avenue (N. Y.) 100 Bu, New York & Eric*.100 950,000 M. & N. May 713 Louisville and Nashville..100 8,680,912 F. & A. Feb 714 Somerville Buffalo and E10-100 5,00,000 F. & A. Aug 70 4 Louisy., N. Alb.& Chicago,100 2,800,000 Dec. '70 3 South Carolina ................ Burlington and Mo. Riv...100 1,257,000 March. Mar 71108 Lowell and Lawrence....100 200 000, A. & O. jOct. '71 & South Shore pref. 100 383,000 March. Mar'71 10 Lowell Horse .100] 55,830 J. & J. Jan. '70 3 South Western, Georgia.*100 3,959,900 F. & A. Cambridge Horse (Bost'n)100 7 47,800 A. & O. Oet 71 Macon and Western..... 100 2.500,000 J. & J. July '71 5 Staten Island. Camden and Amboy...100 5,847,800 F. & A. Aug, '71 3 Mahanoy & B'd Mount n* 50 1,876,915 Stony Brook 50 Camden and Atlantic 377,100 Maine Central..... 100 3,400,500 Stockbridge & Pittsdeld 100 pref. 50 753,69 Manchester & Lawrence.100 1,000,000 M. & N. Nov.'71 5 Summit Branch. Camden & Burlington Co.100 331,000 July '69 3 Marietta & Cincinnati... 50 2,029,778 Syr., Bingham. and N. Y.100 915,57 J & J. Jul 71 $21 64 1st pref. 50 8,150,719 M. & S. Sep. '66 3 Taunton Branch -----100 447,000 J. & D. June '71 3 24 pref. 50 4,460,568 M. & S. Sep. 266 3 l'eunessee and Alabama 100 1,1 9,500 Massawippi.... 100 400,000 F. &. A. Dec. '70 Terre Haute and Indiana. 50 1,988,150 J. & J. July 716 2,200,000 M. & N. Nov 713 Memphis and Charleston.100 5,312,720 June 69 3 Third Avenue (N. Y.)100 1,750,000 May '70 689,110 J. & J. July 71 4 Memphis and Ohio -100 570,000 Thirteenth and Fif. (Ph.)- 50 J. J. July'71 2 755,000 M. & N Nov 713 Metropolitan (Boston)....100 1,250,000 J. & J. July '715 Tol., Peoria and Warsaw-100 2,700 000 Central of Georgia-100 4,606,300 J & J July 70 5 Michigan Central 100 13,225.848 J. & J. July 15 (E. D.) pref.100 1,700,000 January, 1870, 11.4s Central of New Jersey---100 15,000,00 J & J. Oct. 71 24 Middleboro' and Taunton. 100 149,029 J. & D. Dec. 70 2 16 (W.D. pref-100 1,300,000 Central Ohio... 100 2,425,000 J. & D. June '71 3 Middlesex (Boston).. ...100 400,000 A. & O. Oct. 713 Tol., Wabash and West..-100 14,700,000 Do. pref.. -------100 400,00 J & D. Jun.'71 2 Mill Creek and Minchi.1*, 50 323,375 J. & J. July '71 4 แ "pref100 1,000,000 M. & N. May 703 Cen. Park, N. & E. River. 100 970,000 el, 67 2 Millville and Glassboro' ..100 405,020 F. & A. Feb. '70 5 Troy and Boston.... 100 607,111 Chemung. 350,000 J.A.J&Q│Jan. '70 3|| Milw, & ♫ é Pani...100 11,422,664 Dec.'70 78 Troy an 1 Greenbush....100] 274,400 J. & D. Cheshire, preferred.100 2,085,925 J. & J. July 712 pref...100 10,424,903 Jec. '70 7 Union Transport'n (Bos.)-100 200,000 M. & N. Chicago and Alton-100 8,925 500 M & 8. Sept. 71 6 M. Hill & Benuyik. Haven 50 3,856,450 J. & J. July 713 Union (Phila,) 291,475 J. @J. pref..100 2,425,400 M. & 8. Sept. 71 5 Mobile and Ohio -.100 4,269 $20 Utica and Black River...100 1,666,000 J. & J. Chicago, Burl. & Quincy - 50 16,590,210 M. & S. Dept '71 Montgomery & W. Point 100 44,10 J. & D. Vermont and Canada*. 100 2,600,000 J. & D. Chicago, Iowa & Nebras-1:0 1,000,000 J. & J. July '71 Morris and Essex 50 1 900,950 Vermont Central ................... 100 5,000,000 Chicago and Milwaukee*-100 2,247,000 Mt. Carbon & l't. Carbon* 50 282,350 J. & J. July 71 4 Vermont and Massachu'ts.100 2,860,000 J. & J. Chicago & N. Western-100 14,676,629 J. & D. June'71 5 Nashua and Lowell...100 720,000 M. & N. Nov.'71 5 Vicksburg and Meridian..100 357,405 pref.100 20,370,293 J. & D. June'715 Nashville & Chattanooga 100 2,056,544 Virginia Central 100 8,353,679 Chicago, R. I. & Pacific---10 (17,000,000 A. & O. Oct. '71 4 Naugatuck. ..100 1,818,000 F. & A. Dec. '705 Virginia and Tennessee..100 3,506,300 Cin, Ham. & Dayton-100 3,200,000 A. & O. Oct. '71 4 New Bedford & Taunton 100 500,000 M. & N. Nov. '714 Western Union ----------100 2,707,693 Cincinnati City Passenger... J'n &J'ly Jan.'6842 New Haven & N. London.100 758,538 West Jersey 50 1,209,000 F. & A. Street..... J. & J. Jan.'6482 N Haven & Northampton,100 1,800,000 J & J. Jan. '68 & West Philadelphia 50 249,100 J. & J. Cin., Sand. & Clev. pref... 50 428,616 M. & N. Nov. '713 New Jersey... ..100 7,297,200 F. & A. Aug. '713 Wilm. and Weldon..... 100 1,463,776 Citizens' Passenger (Phil.) 5 192,750 J. @J. July '17 New London Northern...100 1,003,500, July '71 Winchester and Potomac.. Ulev., Col., Cin. & Ind.---100 11,620,000 F. & A. Aug 71 3 N.Y. Central & Hudson R.100 45,000,000 A. & O Oct. 714 Warren.... Cleveland & Mahoning*. 50 2,058,750 M. & N Nov713 Certificates.100 44,428 330 A. & O. Oct. 71 4 Worcester and Nashua Cleveland and Pittsburg.. 50 7,494,588 F.M.A.N No 712 New York and itariem.. 60 8,500,000 J. & J. July '71 4 Oleveland and Toledo* --- £t 6,000,095 F. & A. Aug. '71 4 pref. 50 1,500,000 J. & J. July 71 4 CANALS. Columbus and Xenia. *---- 60 1,786,500 M.J.S.D. Sept. '71 2 New York & New Haven.100 9,000,000 J. & J July 71 5 Chesapeake and Delaware 50 1,983,563 J. & D. June'71 3 Concord... EC 1,600,000 M. & N. Nov.71 5 N Y., Provid. & Boston -100 2,000,000 J & J July 714 Chesapeake and Ohio 25 8,228,595 Concord & Forts., guar... 100 350,000 J. & J. July'71 3 Ning. Bridge & Car andai*100 1,000,000 J. & J. July 718 Delaware Division 50 1,633,350 F. & A. Coney Island &rooklyn 1 600,000 Norfolk & Petersb'g guar. 100 137,500 J. & J. Jan. 71 3 Delaware and Hudson----100 15 000 000 F. & A Conn. & Passum. B. pref. 00 2,084,200 F. & A. Aug.'71 3 North Carolina.. 100 4,000,000 A. & J. July 703 Delaware and Raritan....100 5,847,677 F. & A. Connecticut kive!..............UI 1,7-0,000 J. & J. July '71 6 Northern Central 50 5,000,000 M. & N. Nov.'71 3 Erie of Pennsylvania..... 50 64,000 Cumberland Vik.v...... 1,316,900 A. & O. Apl. '71 4 North Eastern (S. C.) pref.100 155,000 May '67 4 Lehigh Coal and Navigat. 60 8,739 800 M. & N. M'y '67 S Danbury and Norw 400,000 quarterly Dec. '70 Northern of N. Hampeh,-100 3,068,400 J. & D. June 71 4 Monongahela Navigation. 50 728 100 J. & J.July 70 3 Dayton and Michigan-10 2,400,000 North Pennsylvania... 50 3,150,150 Feb. 715s Morria (consolidated).. 100 1,025,000 F. & A. Sep.'71 1 Delaware. 50 1,107,291 J. & J. Jan. '71 3 Norwich & Worcester ---100 2,364,400 J. & J. Aug. '71 5 16 (preferred)..... 100 1175,000 F. & A. Sep.'71 3 Del., Lackaw. & Western. 16,277,500 J. & J. Dec.'70 68 Ogdensb. & L. Champl'n-100 3,051,800 J. & J. July 71 54 Pennsylvania.... 50 4,300,000 Des Moines Valley-100 1,820,200 prof.100 2,000,000 A. & O. Oct. 71 4 Schu) I. Navigation (cons.) 50 1,908,207 F. & A. Feb.'67 8 Detroit & Milwaukee...-- 100 Ohio and Mississippi... -----100 19,995,847 (pref.). 50 28 8,977 F. & A. Feb.'67 6 pref.100 4,024,474 J. & D. Jun.'713 Susq. and Tide Water.... 50 2,002,746 D. Dock, E. B'dw. & Bat-100 1,200,000 F.M.AN May 270 21 Oil Creek & Allegheny R. 50 4,259,450 J. A.J&O Oct. 71 2 Union. Dubuque and Bioux City*10 5,000,000 J. & J. July 71 2 Old Colony & Nowport -100 4,959,02 J. & J. July 2713 50 2,907,850 do. pre£100 J. & J. July 71 2 Orange and Newark ....100 289,550 W. Branch and Susq----- 50 1,100,000 J. & J. Jan. '65 East Mahanoy 392,550 J. & J. July '71 3 Oswego and Syracuse.... 50 482,400 F. & A. Feb. 71 4 Wyoming Valley.-.-.. 60 800,000 irregular Oct. '67 4 Eastern (Mass.)----------100 4,062,600 J. &. J. July 1714 Pacific of Missouri....100 3,711,196 Eastern (N. H.) ----------100| 492,500 J. & J. July '71 4 Panama.... -100 7,000,000 J. AJ&O. Jan. '71 3 MISCELLANEOUS. East Pennsylvania ------- 50 1,309,200 July 71 3 Paterson and Ramapo... 100 248,000 J. & J. Jan. 71 4 Pacific Mail Steameh p---100 20,000,000 MJ8&D. Sept.'69 3 East Tenn., Va. and Ga...100 1,969,524 Paterson and Hudson Riv100 630,000 J. & J. July '71 4 West'n Union Telegraph.100 35,000,000 J. & J. Jan. 70 2 Eighth Avenue (N. Y.) -- 100 1,000,000 J.A J&O Jan. '68 4 Pennsylvania 50 33,850,000 J. & D. Dec. '71 5 American Coal........ 25 1,600,000 M. & 8. Sept.'71 3 Elm., Jeffers. & Canand 100 500,000 F. & A. Feb'71 2 Peoria & Bureau Valley* 100 1,200,000 F. & A. Aug 714 Ashburton 50 2,500,000 J. & D. Dec. '68 4 Elmira & Williamsport*. 60 600,000 M. & N. May'71 2 Peoria and Hannibal. 600,000 J. & J. Jul. '69 8 Butler Coal.. 25 600,000 J. & D. Dec.'70 2 Do. do. pref. 50 500,00 J. & J. Jub. 718 Petersburg.... ...10% 1,325,200 J. & J. Jan. '71 3 Central Coal ------------100 2,000,000 J. & J. July 69 5 Erie Railway 100 75,000,000 F. & A. Feb.'66 4 Philadelphia and Erie... 50 6,004,200 J. & J. Jan. 68 3 Fulton Coal. J & J. Jan.'71 4 Do. pref... 100 8,536,910 Annual Dec'69 7s pref.... 2,400,000 J. & J. Jan. 714 Lackawanna Coal. 200,000 J. & J. Jan '692 rie & Pitteburg.60 999,750 M.J.S.D. Dec'70 13 Philadelphia and Reading 60 28 849,800 J. & J. July 71 5 Mt. Pleasant Coal..... 40 200,000 Deo'68 2 Evansville & Crawfordsv.100 1,143,446 Do. Do. preferred. 50 1,551,800 J. & J. July 271 5 Pennsylvania Coal 50 3,200,000 FMA&N Aug '715 Fitchburg... -----105 3,640,000 J. & J. July '714 Phil., Ger. & Norristown to 1,597,250 M. J.S.D. Sept. 71 3 Roaring Brook Coal----- 200,000 Dec 68 2 Fitchburg & Worcester..100 245,000 J. & J. Jan. '69 3 Phila, and Trenton*...100 1,098,120 F. & A. Aug 71 3 Short Mt. Coal..... 50 800,000 Jan., '70 5 Flint and Holly.... --100 500,000 M & N. M'y '67 5 Phila, Wil. & Balt... 50 9,520,850 J. & J. July 714 Spring Mountain Coal... 50 1,500,000 J. & J. Oct. 71 5 Forty Sec. St. & G. Et. Fy.100 750,000 M. & N. May '70 5 Philadelphia City. --- 50 100,000 J & J. Jan. '71 3 Spruce Hill Coal.. 10 1,000'000 J. & J. Jan. '67 5 Frankf. and Southw.(Ph.) 50 491,620 J. J. July '713 Philadelphia and Darby.. 20 100,000 J. @J. July'70 Wilkesbarre Coal,... ----100 8,400,000 M. & N. Nov.'69 5 Georgia 100 4,166,000 J. & J. July '71 4 Phila, and Grey's Ferry 217,697 J. @J. July 70 24 Wyoming Valley Coal 100 1,250,000 F. & A. Aug. '66 Jarmantown (Phila,)........- 60 July 271 3 Pittsb., Et. W. & Chi. gtd. 100 19,665,000 J. A.J&0 July 711 Adams Express.. ...100 10,000,000 Jun. 71 2 Girard College (Phila.) - 501 Jul. 71 3 Pittsfield and N. Adams-100 45,000 J. @ J. July 71 Am. Merchants Union Exp. 100 18,000,000 July'71 3 100 Mar.'71 4 Portland and Kennebec...100 616,700 J. & J. July 71 3 United States Express. 100 6,000,000 FMA&N N'.'69 2 July'71 4 Do. Yarmouth Stock..100 204,400 A. & Apl. 71 3 Wells Fargo & Co. Exp 100 5,000,000 |