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and Ramapo, 15.12 miles. The Somerville and Easton was consolidated into the Central New Jersey in 1850. The Paterson and Ramapo was leased to the New York and Erie in 1852, in perpetuity, at an annual rental of $26,500. No information relative to this Company prior to the date of the lease could be obtained.

In 1819, the Burlington and Mt. Holly, 7.12 miles, was opened. It has paid dividends averaging 3.66 per cent.

In 1851, the Belvidere Delaware Railroad was opened 14.50 miles, and completed in 1855. It was constructed under the auspices of the Camden and Amboy Company. It has paid nothing on its stock.

In 1852, the Central New Jersey Railroad was extended to Easton, 29.30 miles. This has been a successful work, having paid dividends averaging 5.75 per cent. The Belvidere Delaware Railroad was also extended 10 miles.

In 1854, the Freehold and Jamesburg was opened 11.50 miles, and the Belvidere Delaware extended 16.50 miles. The Freehold and Jamesburg has paid only one dividend of 30 per cent. on stock in 1857. In 1851, 90.85 miles were opened.

The Cainden and Atlantic was opened 60.23 miles; the Flemington, 12 miles; the Millstone and New Brunswick, 6.62; the Belvidere Delaware, 9 miles, and the Sussex, 12 miles. The Morris and Essex was completed this year. The Camden and Atlantic has been entirely unproductive on its stock, and only a portion of the interest due on its bonds has been paid for several years past. The affairs of this Company are in litigation, and an effort is now being made for the re-organization of the Company. Neither the Flemington nor the Sussex Railroads have puid dividends.

In 1855, the Newark and Bloomfield was opened five miles, and the Bel. videre Delaware extended 14.27 miles. The Newark and Bloomfield has paid only one dividend of 24 per cent.

In 1856, the Warren Railroad was opened 21.04 miles, and the Newark and Bloomfield extended one mile. The Warren Railroad forms a part of the line of the Delaware, Lackawanna and Western, and is leased to it at an annual rent of 51 per cent. on its stock.

In 1857, the West Jersey Railroad was opened nine miles. The road being a ramification of the Camden and Amboy, the retiscence common to that Company was observed by the officers of this, (who are also connected with the parent line,) by a refusal to answer any enquiries.

In 1858, the Northern Railroad was opened. The Millville and Glassboro' was opened in April, 1860.

The railroads in progress in the State are the Delaware and Raritan Bay, a short portion of which has been recently opened; the Millville and Winslow, and the West Jersey. Work is soon to be coinmenced on the Mivers' and Manufacturers', and the Hackensack and New York Railroads. Several City Railroads are also being constructed in Jersey City and other places.

STATEMENT, showing the Share Capital and Debts of the several Railroad Companies of the

State of New Jersey, with the amount of productive and unproductive capital in each: Corporate Titles of

-Share Capital

Funded Total Indebtedness Companies. Amount. Prod. Unprod. Debt. Amount Productive. Unprod. Belvidere Delaware... 8997.700 8...... $997,700 $2,049.500 $2,238,388 $2,238,388 $. . Burlington & Mt. Holly. 100,000 100,000

20,000 20,000 20,000 Camden & Amboy & Canal)... 3,798,400 3,798,400

8,535,000 8,535,000 8,535,000 Camden & Atlantic..... 657,351

657,351 1,006,800 1,442,455 600,000 842,455 Central 2,412,000 2,412,000

3,237,000 3,274,761 3,274,761 Flemington

150,000

150,000 92,600 171,487 92,600 78,887 Freehold & Jamesburg • 173,225

173,225 Millstone & N. Brunsw'k. 102,365

102,365

8,849 8,849 Morris & Essex 1,157,800 1,157,800

240,000 240,000 240,000 New Jersey 3,749,000 3,719,000

688,000 688,000 658,000 Newark & Bloomfield. 103,950 103,950 Northern ..

154,157

154,157 188,700 213,700 213,700 Paterson & Hudson.... 630,000 630,000 Paterson & Ramapo. 248,225 248,225

100,000 100,000 100 000 Sussex

180,146

180,146 200,000 209,957 209,957 Warren 1,024.600 1,024,600

600,000 600,000 600,000 West Jersey.

216,794
216,794

46,582 46,582 Total ·

· 15,856,713 13,224,975 2,631,738 16,957,600 17,789,179 16,867,837 921,342 The total liabilities of all the railroad companies in the State of New Jersey are $33,615,892, viz: Share capital, $15,856,713; funded debts, $16,957,600; and floating debts, $831,579. Of the share capital $13,224,975 is productive, and $2,631,738 unproductive. Interest is regularly paid on $16,867,837 of the debts of the companies, and not paid on $921,347.

The total earnings of all the railroads of the State have been $56,015,855, received from the following sources : passengers, $33,409,184; merchandize, $17,851,892; and miscellaneous sources, $4,756,789. The rate of gross earnings upon the cost of the road has been about 18.3 per cent; and of net earnings, 8.3 per cent.; the dividends have been equal to 6.7 per cent. on the aggregate share capital for all the roads. The ratio of expenses to gross earnings has been 51.39 per cent.

The railroads of New Jersey are probably the most productive in the United States; at least among the northern States. This is owing in a great measure to the position of the State in reference to the great lines of public works. Nearly three-fourths of the aggregate earnings of the railroads of the State are on the comparatively short lines between New York nnd Philadelphia

The results of the operations of the Delaware and Raritan Canal are not given in the following tabular statenient, but are fully shown in the account of the Camden and Amboy Railroad. This is a work of great value and importance to the country, and particularly in reference to the coal trade for which it serves as the great avenue between New York and the coal carriers in Pennsylvania. The same rate of dividends have been paid on the share capital of the canal as upon that of the railroad.

The Morris and Essex Canal, though a valuable work, has not been a productive one to the holders of its common stock.

Year.

ear.

RAILROADS IN THE STATE OF NEW JERSEY.
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 Companits
of the State of Nero Jersey, for each year, since the opening of the first ad in 1833:
--Capital Account--

Cost of Length

-Gross Earnings

Operating Earnings Amount
Share Funded Floating Total Road & of Passenger Freight Mail, etc., Total Expenses

less

of
Capital. Debt. Debt. Capital. Equipment. Road. Earnings. Earnings. Earnings. Earnings. & Repairs. Expenses. Dividond.
1833.. 8949,297 $395,719 $29,311 $1,374,327 $1,374,327 51.50 $307,021 $129,513 $31,508 $468,142 $287,092 $181,050 $57,750 ..1833
1834.. 1,492,506 811,712 33,412 2,337,630 2,337,630 61.28 351,955 157,838 37,210 547,003 281,384 265,619 90,000 ... 1834
1835.. 2,473,915 1,152,700 27,912 3,654,527 3,613,917 89.43 502,319 236,623 38.1 20 777,062 369,171 407,891 124,817 ... 1835
1836. 2,975,106 1,472,326 49,111 4,496,543 4,275,327 109.08 637,998 259,117 37,543 934,658 468,829 465,829 237,500 ...1836
1837.. 3,672,130 1,564,010 41,717 5,277,857 5,122,301 132.31 621,137 279,132 50,728 971,997 538,602 433,395 165,000 ... 1837
1838... 3,913,618 1,627.918 49,652 5,591,188 5,397.619 137.13 650,822 273,855 61,310 985,987 533,335 452,652 255,000 ... 1838
1839... 4,541,881 1,726,511 63,157 6,331,549 6,160,857 194.20 661,317 272,197 63,600 997,114 545,507 451,607 165,000 ... 1839
1840... 4,593,144 1,777,520 71,660 6,442,524 6,367,819 194.20 672.780 298,715 62.923 1,034,418 573,181 461,237 150,000 ... 1840
1841... 4,667,319 1,922,317 60,987 6,650,623 6,661,229197 20 701,592 374,172 95,365 1,171,129 579,642 591,487 168,906 ... 1841
1842... 4,672,348 2,012,250 53,105 6,737,703 6,822,319 197.20 799,812 304,083 101,305 205,200 619,441 585,759 212,695 ... 1842
1843... 4,679,551 2,163,712 107,110 6,950,371 7,213,115 197,20 779,516 409,878 107.922 1,279,319 620,331 666,987 267,310 ... 1843
1844... 4,690,111 2,237,918 112,389 7,040,418 7,429,668 197 20 859,299 407,725 111,522 1,376,546 678,105 698,441 296,500 ...1844
1845.. 4,712,382 2,416,922 131,719 7,260,959 7,731,212 197,20 892,305 375,097 113,417 1,380,819 682,111 698,708 314,866 ... 1845
1846.. 4,771,554 2,581,912 98,230 7 451,696 7,740,313 197.20 901,381 517,643 122,959 1,512,033 812,878 739,155 363,653 ... 1846
1847... 4,772,119 2,650,109 149,311 7,571,539 7,756,322 197.20 1,103,927 465,368 131,817 1,721,112 966,270 754,842 330,393 ... 1847
1848...

4,996,512 3,217,555 160,742 8,374,809 5,582,920 247.35 1,298,715 551,387 129,310 1,979,412 1,117,221 862,191 390,905 ...1848
1849... 5,679,818 3,296,000 204,109 9,179,927 9,615,209 254.47 1,402,114 621,519 137,292 2,127,303 1,231,277 896,026 325,085 1819
1950... 6,122,319 4,370,050 210,417 10,702,786 11,192,817 254.47 1,484,284 656,318 142,911 2,298,513 1,411,322 887,191 331,408 ... 1850
1851.. 7,392,666 4,962,327 196,202 12,551,195 12,991,616 268 97 1,731,662 722,391 178,666 2,632,719 1,693,754 938,965 426,404 ...1851
1852... 8,494,420 5,722,600 251,801 14,448,821 14,683,521 299,27 1,775,741 836,910 201,121 2,613,772 1,726,919 1,086,853 536,698 ...1852
1853.. 8,984,730 5,868,009 279,751 15,132,490 15,303,784 327:27 2,011,726 900,508 247 754 3,159,998 1,808,417 1,351,571 1,000,405 ... 1853
1854. 10,614,971 7,582,370 1,347,873 19,545.214 19,819,679 431.08 2,118,809 1,006,516 310,214 3,435,5392,011,203 1,424,336 978,364 ... 1854
1855.. 11,069,450 9,016,356 1,360,902 21,452,708 21,627,340 450.35 2,143,777 1,097,587 300,506 3,541,870 1,916,273 1,625,597 777,947 . 1855
1856.. 11,966,321 10,893,492 1,522,555 24,382,369 24,960,241 472.39 2,286,340 1,310,970 351,841 3,982,151 2,203,418 1,778,733 1,053,302 .. . 1856
1957.. 12,425,934 11,751,880 1,630,150 25,807,964 26,898.070 481.39 2,179,650 1,577,292 497,713 4,254,655 3,229,806 2,024,849 952,114 ...1857
1858. 12,947,392 12,301,215 1,110,134 26,358,741 26,984,479 481.392,132,909 1,726,156 487,579 4,346,644 2,104,822 2,231,823 801,874 ...1838
1859... 13,057,313 12,732,237 785,253 26,574,803 27,398,853 502.66 2,379,364 2,033,282 501,603 4,914,249 2,319,882 2,594,367 909,608

.1859
27 yrs.. 171,328,863 118,227,647 10,148,872 299,705,382 306,092,309 6,820.79 33,407,274 17,851,792 4,756,789 56,015,855 30,460,193 25,555,662 11,683,524 • 27 yrs.
Aver. 6,345,513 4,378,802 375,884 11,100,199 11,336,752 252.62 1,237,306 661,177 176,177 2,074,660 1,128,154 946,506 432,723 .. Aver.

Note-In the above table only so much of the funded debt of the Camden and Amboy Company is included that, with the share capital, makes up the
cost of the railroad. The income of leased roads is placed in the column appropriated to " Mails, etc." The floating debt, after 1855, is largely swelled by
the introduction of the floating liabilities of the Belvidere Delaware and the Camden and Atlantic Companies.

RAILROADS OF THE STATE IN DETAIL.

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66

BELVIDERE DELAWARE RAILROAD.

(Financial year ending 318t December, 1859.)

BOARD OF DIRECTORS AND OFFICERS, 1860. Robert F. Stockton..... Princeton, N.J. W. P. Robeson. .Belvidere, N.J. Richard Stockton....

Charles Bartles.. .Flemington, “ John R. Thompson..

Samuel D. Stryker. ...Lambertville, E. A. Stevens...

.. Hoboken,

Lewis Perrine... ... Trenton, “ CHARLES SITGREAVES, President..

.Phillipsburg, N.J. Robert F. STOCKTON, Jr., Treasurer and Secretary.

.Princeton, ASHBEL WELCH, Superintendent and Engineer

.Lambertville,“ PRINCIPAL OFFICE....

.LAMBERTVILLE, Hunterdon Co., N.J. LENGTH OF ROAD-Belvidere to Trenton Junction....

.. 64.21 miles. Second Track, including Sidings, about 10 miles. Rolling Stock-Locomotive engines.

13 Cars:—Passenger, 15; baggage and mail, 3; freight, coal, etc., 526... 544 The Belvidere Deleware Railroad Company was chartered on the 2d March, 1835. The work of construction was commenced in 1819, and the road completed and opened for public use, from Trenton-to Lambertville, 14) miles, in the spring of 1851; to Tumble, 211 miles, in April, 1852; to Milford, 34 miles, in January, 1853; to Reigelsville, 41 miles, in December, 1853; to Phillipsburg, 50 iniles, in February, 1854, and to Belvidere, 61 miles, on the 5th November, 1855. The Flemington Railroad was completed on the 4th December, 185+, and has since been operated in connection with this Company. A separate company has been formed to build a road from Belvidere to Bridgeville, at which place a connection will be made with the Delaware, Lackawanna and Western Railroad. The greater part of the stock of this Company is owned by the Camden and Amboy Railroad Company SHARE CAPITAL-Authorized, $1,000,000, in 10,000 $100 shares.

Paid, $997,700, in 9,977

FUNDED DEBT-$2,049,500: described as follows1st Mortgage, 6 per cent. convertible coupon bonds....

$1,000,000 -dated in 1852, and payable, principal in 15 years, and interest semi-annually, 1st June and 1st December, at New York. 2d Mortgage, 6 per cent., coupon bonds

---$500,000 -dated in 1854, and payable, principal in 1885, and interest semi-annually, 1st March and 1st September, at Princeton. 3d Mortgage, 6 per cent., coupon bonds

..$519,500 -dated 1857, and payable, principal in 20 years, and interest semi-annually, 1st February and 1st August, at Princeton. The third mortgage provided for an issue of bonds to the amount of $750,000.

The payment of all the above bonds is guaranteed by the Camden and Amboy Railroad Company. Floating Debt-$188,888, of which $78,609 consists of special loans. Cost OF ROAD AND EQUIPMENT_$3, 192,269. No detail.

66

66

INCOME AccouNT FOR THE YEAR ENDING 31st December, 1859. Disbursements

ReceiptsPassenger earnings.. $$73,144 Operating expenses...

$141,731 Freight 165,341 | Incoine less expenses..

127,874 Mail, etc. 31,120

hhh Total ·$269,605 Total :

• $269,665 GENERAL STATEMENT, 1st JANUARY, 1859. Dr.

Cr. Cost of road and equipment... • $3,192,269 | Share capital..

$$997,700 Profit and loss.. 43,819 | Funded debt..

2,049,500 Special loans

78,609 Other indebtedness.

110,279

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Total...
$3,236,089 Total

• $3,236,038 Cost, EARNINGS, EXPENSES, ETC., YEARLY. Year.

Mile-
Cost of
-Gross Earnings-

Operating Earnings
Road, etc.

age.
Pass'rs. Freight.

Div.

Mails. Total. expenses. less exp. 1953... $1,467.000 34.00 $36,122 $12,359 $973 $19,354 $36,447 812,907 nil. 1954... 2,177,376 50.00 71,851 49,620

5,385 125 856 78,974 46,882 1855.. 2.619,000 50.00 79,836 66,563 14,879 161,278 89,266 73,012 1956... 2,844,000 64.00 96,799 129,004 17,592 243,395 145,374 98,021 1857. 2,937,613 64.00 77,041 180,737 21,679 279,457 156,042 123,414 1838... 3,173,285 64.00 69,994 131,518

23,791 224 303 129,761 94,542 1859... 3,192,269 64.00 73,144 165,341 31,120 269,605 144,731 127,874 7 Y'rs.. 18,410,543 390.00 503,787 734,142 115,319 1,353,248 776,595 576,653 nil. Aver... 2,630,078 55.71 71,969 104,889 16,474 193,321 110,942 82,379

Note.—The value of materials on hand January 1, 1860, was $13,147, which, added to surplus earnings, makes this sum and the expenses equal to the gross earnings.

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BURLINGTON AND MOUNT HOLLY RAILROAD.

(Financial year ending 31st December, 1859.) CHARLES BISPHAM, President.

.Burlington, N.J. PRINCIPAL OFFICE...

..BURLINGTON, Burlington Co., N.J. LENGTH OF Road-Burlington to Mount Holly.....

7.12 miles. Second track, none. Sidings, etc., 0.67 mile. Rolling Srock_Locomotives. .... 2. | Cars.

12 The Burlington and Mount Holly Railroad and Transportation Company was chartered on the 11th March, 1848. The road was completed and opened for traffic on the 14th June, 1849. SHARE CAPITAL-Authorized and paid in, $100,000, in 4,000 $25 shares. FUNDED Debt-$20,000, viz.: 1st Mortgage, 6 per cent. bonds.

Cost of ROAD AND EQUIPMENT_$120,000. No detail. INCOME AccounT FOR THE YEAR ENDING 31st December, 1859. Receipts--

DisbursementsPassenger earnings. ·$14,747 Operating expenses...

·$11,418 Freight: 6,686 | Interest...

3,200 U.S. Mail earnings.. 263 | Dividend, 5 per cent.•

5,500 Rent. 100 | Surplus income...

1,678 Total....... • $21,796 Total...

$21,796

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