ALLENTOWN RAILROAD. The Allentown Railroad Company was chartered on the 19th April, 1853, with authority to construct a road from Allentown to any point on the Philadelphia and Reading Railroad, between Reading and Port Clinton. The design of the Company is to form with the Schuylkill and Susquehanna and connecting roads, an east and west through route via Easton and Harrisburg. The amount expended in construction has been $237,840; for real estate, $16,106; engineering and agencies, $50,749; right of way, $19,817; other expenses, $17,222. The receipts have been as follows:from capital stock, $304,118; bills payable, 25,982; other sources, $11,624. The work of construction is now suspended. PRINCIPAL OFFICE.. ........N. W. corner Walnut and 4th Streets, PHILADELPHIA, Pa. LENGTH OF ROAD-Towanda to Barclay Coal Mines. Second Track, none. Sidings, turnouts, etc., 1.93 mile. ROLLING STOCK-Locomotive engines.... 16.50 miles. 2 .111 The Barclay Railroad and Coal Company was chartered on the 3d April, 1854, and organized in April, 1855. The road was formally opened for business on the 8th October, 1856. The Barclay property is situated in Franklin township, Bradford county, and consists of 2,000 acres of coal land. The canals giving outlet to market were not in condition until 1859, in which year about 30,000 tons of coal were shipped. The Company both mines and ships the coal. SHARE CARITAL-Authorized, $600,000, in 12,000 $50 shares. Paid in, $582,700, in 11,654 FUNDED DEBT $450,000: classified as follows 1st Mortgage, 7 per cent., bonds... $150,000 -dated 1st March, 1856, and payable, principal 1st March, 1866, and interest semi-annually 1st March, and 1st September, at Philadelphia. 2d Mortgage, 7 per cent., bonds. - -$300,000 -dated 1st March, 1857, and payable, principal 1st March, 1859, and interest semi-annually 1st March, and 1st September, at Philadelphia. COST OF ROAD AND EQUIPMENT $261,609: as follows The Atlantic and Great Western Railroad Company was chartered in 1858, as the successor of the Meadville Company. It is designed as a link in a line of railroad under the same name, lying partly in the States of New York, Pennsylvania, and Ohio-the whole to form one line of uniform (6 feet) gauge from the Erie Railroad to Dayton in Ohio. The work of construction of the Pennsylvania portion of the line has only been recently commenced. SHARE CAPITAL-Subscribed, $293,000. FUNDED DEBT $250,000: described as follows 1st Mortgage, 7 per cent., coupon bonds.. -$250,000 -dated 1st October, 1858, and payable in 20 years; interest payable on the 1st April and 1st October, in New York. The companies, the roads of which compose the above line, have mutually guaranteed the bonds issued by each. Cars-passenger, 2; freight and baggage, 4; coal, 1001.. 15 ..1007 The Beaver Meadow Railroad Company was chartered in 1830. Its construction was commenced in 1835, and completed in 1836. It connects the Lehigh Canal and the Lehigh Valley Railroad with what are termed the Beaver Meadow Coal Fields. It is exclusively employed in the transportation of coal, and is the principal outlet for the Upper Lehigh coal basin. The company publishes no reports, and declined to make any statement of its affairs. The only information to be obtained in reference to them is the report made to the Auditor General, in obedience to a recent law of the State. From this statement it appears that the cost of the road was $966,791; the equipment $260,000. The receipts the past year were-freight, chiefly coal, $304,495; passenger $5,557; mail, etc., $1,150-total $311,202. The operating expenses are not given. The dividends paid were $166,090, being 12 per cent. on the share capital of the company, $1,410,900. The number of tons, 2,000 lbs., of coal carried was 800,613. BELLEFONTE AND SNOW-SHOE RAILROAD. WILLIAM P. THOMAS, President.. .Bellefonte, Centre Co., Pa. LENGTH OF ROAD-Snow-Shoe Coal Mines to Bellefonte..... 18.33 miles. The Bellefonte and Snow-Shoe Railroad Company was chartered on the 24th March, 1859. The road occupies the route granted, in 1839, to the Allegheny and Bald Eagle Railroad, Coal and Iron Company; and will be used mainly for the transportation of coal from the mines in Snow-Shoe township, Centre county, to the iron works of Bellefonte. The road has only been recently opened, and no report of the company's affairs has yet been published. BUFFALO, BRADFORD AND PITTSBURG RAILROAD. (See Buffalo, Bradford and Pittsburg Railroad of New York.) CATASAUQUA AND FOGLESVILLE RAILROAD. LENGTH OF ROAD-Catasauqua to Foglesville...... 10 miles. The Catasauqua and Foglesville Railroad Company was chartered on the 20th April, 1855. The road was completed in 1856, and is used chiefly to carry iron from the furnaces at Foglesville, etc., to Catasauqua, on the Lehigh. It is proposed to extend the road to Trexlertown, about 3 miles beyond its present western terminus. CHAMBERSBURG AND HAGERSTOWN RAILROAD. CHAMBERSBURG, GREENCASTLE & HAGERSTOWN RR. (See Franklin Railroad of Pennsylvania.) CHARTIERS VALLEY RAILROAD. J. K. MOORHEAD, President.... ...........PITTSBURG, Alleghany Co., Pa. LENGTH OF ROAD-Washington to Pittsburg Junction..... ...26 miles. The Chartiers Valley Railroad Company was chartered on the 7th February, 1853, for the purpose of forming, at Washington, a connection with the Hempfield Railroad, then in progress from Wheeling to that place. The work of construction was commenced soon after, and prosecuted, with some interruptions, for two or three years, when the company became embarrassed and all operations were suspended. The line connects with that of the Pittsburg and Steubenville Company, several miles west of Pittsburg. No work has been done since 1856. The amount expended in construction up to the abandonment of the work was about $200,000. Its share capital was made up chiefly by the subscriptions of the city of Pittsburg and Allegheny county CATAWISSA, WILLIAMSPORT AND ERIE RAILROAD. (Financial year ending 31st August, 1859.) BOARD OF DIRECTORS AND OFFICERS, 1859–60. Samuel V. Merrick.....Philadelphia, Pa. David Salomon.. Philadelphia, Pa. 66 .... 66 ..Catawissa, " .Philadelphia, Pa. WILLIAM D. LEWIS, Trustee under 1st and 2d Mortgages. PRINCIPAL OFFICE.. LENGTH OF ROAD-Tamaqua Junction to Milton.. ..PHILADELPHIA, Pа. Second track, sidings, turnouts, etc., about 3 miles. 64 miles. .... 27 CC Little Schuylkill, Port Clinton to Tamaqua Junction.... 28 Total length of road operated by company. 14 .146 miles. 22 ROLLING STOCK-Locomotive engines.... The Catawissa, Williamsport and Erie Railroad Company was chartered under the title of the Little Schuylkill and Susquehanna Railroad Company, on the 21st March, 1831. The original purpose of this road was simply to connect Philadelphia with the North Branch of the Susquehanna, and with this view a survey had been made in 1827. Upon the organization of the Company in 1831, the design was enlarged, and a route projected towards the lakes via Williamsport, Elmira, etc. Little further, however, was done until 1836, when the United States Bank subscribed $250,000, which, with $300,000 to $400,000 obtained from individual subscriptions, enabled the Company to commence construction. The failure of the United States Bank in 1841 prostrated the work. At that time about $1,500,000 had been expended in grading a double track from the eastern terminus to Catawissa, about 48 miles. By an act passed on the 20th March, 1849, the name of the Company was changed and several concessions made in its charter, and in 1851 and 1852 successful efforts were made to revive the enterprise. Some $200,000 in stock and $1,500,000 in bonds were disposed of, principally in New York; and with these funds the road was completed as originally intended, and opened to Catawissa on the 17th July; to Milton, on the 7th September, and to Williamsport, by means of the Sunbury and Erie Railroad, on the 18th December, 1854. In 1859 the property was placed in the hands of a Receiver, the Company having failed to pay the interest on its bonds. For the purpose of relieving it, the following plan for the re-adjustment of its affairs is proposed-The 1st mortgage is to be foreclosed, and 1st class 7 per cent. preferred stock issued for the bonds secured by it and the overdue coupons, and for such advances as have been made for the payment of coupons and for the maintenance of the property; a common stock to be issued to the other creditors equal to the amount of their claims, and to the old stockholders in proportion of one for every four shares held by them; the name of the Company to be changed to the Catawissa Railroad Company. SHARE CAPITAL-Authorized and paid in, $1,700,000, in 34,000 $50 shares. FUNDED DEBT-$2,271,536: classified as follows 1st Mortgage, 7 per cent., coupon bonds ..$1,500,000 -dated 30th September, 1852, and payable, principal 1st February, 1867, and interest semi-annually, 1st February and 1st August, at New York. Chattel, 10 per cent., mortgage bonds. $380,000 -dated 1856 to 1859, and payable, principal 1st May, 1886, and interest semi-annually, 1st May and 1st November, at Philadelphia. 2d Mortgage, 7 per cent., transferable bonds. $339,036 -dated 13th Feb., 1858, payable, principal 1st Feb., 1888, and interest semi-annually, 1st May and 1st Nov., at Philadelphia. Whole issue $500,000. Unsecured, 7 per cent., bonds. $38,500 -dated 1st February, 1855, and payable, principal 1st February, 1865, and interest semi-annually, 1st February and 1st August, at Philadelphia. Unsecured, 10 per cent., bonds... -$14,000 -dated 31st July, 1856, and payable, principal 1st May, 1871, and interest semi-annually, 1st May and 1st November, at Philadelphia. FLOATING DEBT—$340,631: classified as follows $28,825 151,976 COST OF ROAD AND EQUIPMENT $4,059,767 : in detail as follows— INCOME ACCOUNT FOR THE YEAR ENDING 31ST AUGUST, 1859. |