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Corporate Titles.

Laws.

Abstracts of Laws.

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*TUSCARORA & COLD Run TUNNEL 1836, p. 665 Relative to shares, June 15.

1838, p. 200 Time for commencing extended, March 31. TYRONE & Lock HAVEN

1857, p. 122 Act of incorporation, February 21..

1859, p. 15 Supplement to act of incorporation, Feb. I. TYORNE & CLEARFIELD.

1857, p. 351 Authorized to borrow money, April 28.

1859, p. 424 Authorized to borrow money, April 11. *UNION RR. & MINING..

1839, p. 290 Act of incorporation, June 12.
1846, p. 393 Time for completion extended, April 8.

1853, p. 792 Laws of 1854. Charter extended, March 11 *UNION

1859, p. 218 Act of incorporation, March 23.

1859, p. 534 Supplement to act of incorporation, April 12. VENANGO

1653, p. 257 Act of incorporation, March 13.
1853, p. 644 Supplement to act of incorporation, April 20
1854, p. 700 Relative to payment of witnesses, May 9.

1859, p. 757 Time for coinmencing extended, April 19. *WALLENPAUPACK IMPROVEMENT 1830, p. 357 Act of incorporation, April 7. WARREN

Incorporated under laws of N. Jersey.

1852, p. 420 May build bridge over Dela. River, April 23 "WARREN & PINE GROVE.

1836, p. 87 Act of incorporation, March 14.
1838, p. 658 Relative to subscriptions by U. S., April 16
1847, p. 270 Time for commencing extended, March 8.
1847, p. 493 Relative to damages, March 9.

1853, p. 101 Act of incorporation revived, February 23. *WASHINGTON

1837, p.

Act of incorporation, April 4. *WASHINGTON & MARYLAND Line. 1856, p. 775 Act of incorporation, April 12. *WASHINGTON & PITTSBURG.

1831, p.

Act of incorporation, March 18.

1846, p. 481 Supplement to act of incorporation, April 22 *WEST BRANCH FRANKLIN.

1839, p. 401 Act of incorporation, June 24. WEST CHESTER....

1831, p. 74 Act of incorporation, February 18.
1833, p 260 Authorized to construct branch road, April 8
1836, p. 251 May extend road into borough, March 31.
1838, p. 467 Act for relief, April 16.
1839, p. 682 Act as to settlement of accounts, June 20
1842, p. 477 Canal commissioners authorized, March 11.

3 Relative to State tolls, Sept. 6.
1844, p. 467 Supplement to act incorporating, April 27.

1858, p. 372 Supplement to act incorporating, April 21 West CHESTER & PHILADELPHIA.. 1848, p. 916 Act of incorporation, April 11.

1850, p. 467 Supplement to act of incorporation, April 15

2 Relative to managers, January 7. 1853, p. 30 Relative to issue of bonds, January 29. 1853, p. 708 Authorized to make bridges, March, 23. 1853, p. 609 Relative to stock, April 20. 1854, p. 118 Supplement to act of incorporation, Feb. 27 1854, p. 662 Relative to damages, etc., May 8. 2855, p. 157 Supplement to act of incorporation, March 30 1856, p. 750 Time extended for completion, February 6. 1857, p. 85 Supplement to act of incorporation, March 11 1857, p. 558 Authorizing payment of mortgages, May 16.

| 1858, p. 233 Repeals act of May 16, 1857, April 8. *WEST CHESTER EXTENDED.

1833, p. 460 Act of incorporation, April 9. *WEST CHESTER & PORT DEPOSIT.. 1835, p. 15 Act of incorporation, April 15. WEST PHILADELPHIA..

Loan to. 1838, p. 696 May extend road across Schuylkill, April 17. 1840, p. 713 Time for completion extended, April 1. 1851, p. 684 Appropriation, April 15.

1859, p. 445 Supplement to act of incorporation, April 11. WEST PHILADELPHIA PASSENGER 1858, P. 226 Supplement to act of incorporation, April 8. *WESTERN TRANSPORTATION

1856, p. 762 Laws of 1857. Act of incorporation, Mch. 15. WILLIAMSPORT & ELMIRA

1832, p. 564 Act of incorporation, June 9.
1835, p.

Supplement to act of incorporation, April 15.
1836, p. 253 Authorized to carry U. S. Mail, March 31.
1838, p. 150 Authorized to enter upon land, March 20.
1839, p. 346 Authorized to borrow money, June 20.
1841, p. 242 Time for commencing extended, April 21.
1843, p. 386 Relative to tolls, April 4.

2 Creditors to continue use, January 6. 1849, p. 430 Court authorized to sell road, April 5.

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Corporate Titles.

Laws.

Abstracts of Laws.

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WILLIAMSPORT & ELMIRA

1850, p. 633 May increase capital stock, April 30.
1851, p 128 May convert interest into stock, March 11.

851, p. 667 Supplement to act of incorporation, April 15
1853, p. 464 Supplement to act of incorporation, April 18.
1856, p. 231 Authorized to borrow inoney, March 31.

1859, p. 598 Authorizing Auditor to correct accounts, Ap.13. WILKESBARRE & LEHIGH..

1837, p.

Act of incorporation, March 14. *WILKESBARRE & SCRANTON

70 Act of incorporation, April 15.

1857, p. 394 Relative to tolls, May 4.
*WILLIAMS VALLEY RR. & MINING. 1839, p. 221 Act of incorporation, May 25.

1819, p. 483 Supplement to act of incorporation, April 7
1851, p. 447 Repeals sec. 3 of act of 1849, April 12.
1855, p. 143 Laws of 1857. Supplement to act incorporating,

and changing name to Schuylkill & Dauphin

Improvement, May 7. *WILLARDSBURG & JERSEY SHORE... 1836, p. 279 Act of incorporation, March 13.

1838, p. 154 May extend road to Warren, March 26. *WrightSVILLE, NEW HOLLAND & CONEWAGO:

1853, p 732 Act of incorporation, April 9.

1858, p. 829 Laws of 1859. Supplement, March 2. WRIGHTSVILLE, York & GETTYSBURG 1635, p. Act of incorporation, April 15.

1838, p. 657 State may subscribe stock to, and relative to

damages on, April 16. 1839, p. 641 Time of cominencing extended, February 27

1841, p. 233 Authorized to construct road branch, April 21. *WYOMING GRAVITY

1859, p. 814 Name changed from Delaware, Lehigh and

Wyoming Valley Railroad, April 16. *W YOYING & LEHIGH

1833, p. 134 Act of incorporation, April 4. *WYOMING & SUSQUEHANNA VALLEY (OLD MOUNTAIN COAL).

1856, p. 794 Authorized to construct a railroad, May 13. YORK & CUMBERLAND

1846, p. 568 Act of incorporation, April 21.
1851, p. 463 Supplement to act of incorporation, April 12.
1853, p. 219 Suppleinent to act of incorporation, March 23
1854, p. 537 Authorizing consolidation, May 3.
1854, p. 759 Explanatory of act of consolidation, May 3.

1855, p 520 Explanatory of act of consolidaticn, May 8 YORK & MARYLAND LINE.

1833, p. 122 Act of incorporation, March 14.
1834, p. 471 Supplement to act incorporating, April 15

Supplement to charter, April 3.
1840. p. 636 Act to equalize tolls, June 11.
1853, p. 450 Supplement to act of incorporation, April 19
1854, p. 537 Authorizing consolidation, May 3.
1854, p. 539 Explanatory of act of consolidation, May 3
1855, p. 520 Explanatory of act of consolidation, May 8

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CANALS OF THE STATE IN DETAIL.

LEHIGH COAL AND NAVIGATION COMPANY.

(Financial year ending 31st December, 1859.)

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Board of ManaGERS AND OFFICERS, 1859-'60. Erskine Hazard..... .Philadelphia, Pa. | Andrew Manderson....Philadelphia, Pa. John Farnum.

James S. Cox.. Henry J. Boller..

Jacob P. Jones.. Richard Richardson..

Francis C. Yarnall Alexander Fullerton

Samuel E. Stokes. James Cox, President..

.Philadelphia, Pa. EDWIN WALTER, Treasurer and Secretary. J. LEISENRING, Superintendent and Engineer.

Mauch Chunk, PRINCIPAL OFFICE...

.PHILADELPHIA, Pa. Length of Navigation-Stoddardsville to Easton...,

.84.57 miles. ..-Divided into sections with lockage, dams, etc.—(according to the latest published

statement of the Company)-as follows :Kinds of Length No. of No. of Size of Size of Lift of Height Navigation in Miles. Locks. Dams. Canals. Locks. Locks. of Dams. Total Rise. Slackwater-from 10.00 pools.)

| 60 to 65 ft. top. 22 ft. 6 ft. 8 ft. the Delaware R. 34.58 canals. 46 8 45 ft. bottom. by

to

to > 360.87 ft to Mauch Chunk ) 1.64 locks.

E ft. deep.

100 ft. 13 ft. !94 ft. ) Slackwater - from ) 20.53 pools)

20 ft. 10 ft.

16 ft. Mauch Chunk to 4.67 canals. 29 20 40 ft. bottom. by

to 599.83 ft. Wright's Creek 0.85 locks.

5 ft. deep.

100 ft. 30 ft. 68 ft. Channels-descend

22 ft.

3 ft. 6 ft. ing navigation, 12.30.

3 3

18 in. deep by to to 336.00 ft. Wright's Ck to

100 ft. 4 ft. 13 ft. Stoddardsville.

60 ft. top.

to

Total..

84.57

78

31

1,296.70 ft.

LENGTH OF RAILROAD-Whitehaven, on the Lehigh, to Wilkesbarre, on

the Susquehanna, (double track)..... .19.71 miles. LENGTH OF MINE RAILROAD-Main Line, Mauch Chunk to Summit Hill 6 25 miles,

Branch Lines to the various mines ..... 20.00 EQUIPMENT—The Reports of the Company give no statement of the amount or cost

of the Equipment upon the works. The Lehigh Coal and Navigation Company was organized on the 1st May, 1821, being a consolidation of the Lehigh Coal Company and the Lehigh Navigation Company. As early as 1793 a company was incorporated for the purpose of working the Lehigh coal fields. Purchases of land were made, and £10 were appropriated to open the necessary outlet to the Lehigh River and to a market. The cost of transportation was so great that the objects of the company were for the time abandoned, and the property was leased to other parties. In 1818 the lessees formed a new company with a capital of $55,000, for the improvement of the navigation of the Lehigh River, so as to allow the passage of boats laden with coal. The amount sent to market that year, which may be regarded as the commencement of the Anthracite Coal trade, was 365 tons. The coal was floated down in rude boats or arks, which were broken up on reaching Philadelphia. In 1823 the stock of the Company was increased to $500,000, and the river rendered navigable sixteen miles above Mauch Chunk. This improvement was mainly for the purpose of reaching valuable forests of pine. In 1827 the Mauch Chunk (Gravity) Railroad, the second railroad in the United States, was opened. The same year the State having determined upon the construction of the Delaware Division of the Pennsylvania Canal, the Company deterinined to commence the construction of slack water navigation, which was completed in 1829, with an available depth of five feet. In 1831 the Gravity Road to the Room Run mines, and in 1835 the extension of the works of the company to the Beaver Meadow Region was commenced, and completed in 1838. The Lehigh and Susquehanna Railroad was commenced in 1837, and completed in 1810. Up to 1841 the Company was prosperous, paying dividends annually. In that year its works were greatly injured by freshets. The cost of repairing them and of enlarging the canal to a depth of six feet involved the company in embarrassment, which resulted, in 1812, in placing its property in trust for the benefit of the creditors. The mortgage provided that no dividends should be paid so long as the principal or interest of any of the loans of the Company were due and unpaid, and in no case to exceed six per cent.—the balance to be held as a sinking fund for the redemption of the loans not due. No dividends were paid froin 1st Jan., 1840, to 1st July, 1852, a period of twelve years. In that year 6 per cent. was paid, and at the same rate and for each year since that time. The results of the operations of the canal since the execution of the first deed will be seen in the profit and loss account of the company. No detailed statement of earnings and expenses previous to 1845 could be obtained. SuarE CAPITAL-Authorized, $2,500,000, in 50,000 $50 shares.

Paid in, - $2,479,950, on 49,599 Funded Debt-$3,619,25+: classified as follows1st Mortgage, 6 per cent., bonds --

$829,172 -dated 1st March, 1841, and payable, principal 1st March, 1861, and interest semi-annually, 1st March and 1st September, at Philadelphia. Will be paid on demand in anticipation of maturity, principal and interest. Unsecured, 6 per cent., bonds....

--$2,773,726 -dated 1st March, 1850, and payable, principal 1st March, 1870, and interest semi-annually, 1st March and 1st September, at Philadelphia. Other unsecured, 6 per cent., bonds, dated and due at various times.. -$16,356

FLOATING DEBT-$265,823 Cost of CANAL AND River IMPROVEMENTS. -$4,455,000 Cost Of Lengi AND SUEQUEHANNA RAILROAD.--. 1,380,000 Cost of Real EstATE, MINE-ROADS, WHARVES, ETC. 1,453,789—$7,288,789

INCOME ACCOUNT FOR THE YEAR ENDING 31st DECEMBER, 1859. Dr.

Cr. State tax on capital, 1859..

$7,442 | Balance 1st January, 1859.... - $2,900,054 Interest on debt

159,276 | Water-rents, ground-rents and gain Improvement & repairs of navigation. 57,331 by sale of town lots in 1859..... 31,611 Lehigh and Susquehanna Railroad.. 32,993 Profit on coal, including mine rents... 186,609 Dividend, 3 per ceut., 24th May, 1859. 74,398 Tolls, 1859, less collection expenses 454,463

22d. Nov., 1859. 74,395 Balance to credit of profit and loss. -, 3,166,899 Total.... • $3,572,737 Total...

- $3,572,737

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GENERAL STATEMENT 1st JANUARY, 1860.
Dr.
Canal and river improvements • $1,455,000 Share capital.
Lehigh and Susquehanna Railroad... 1,380,000 | Mortgage loans
Real estate, coal and other lands, mine

Cominon loans. railroads, etc., wharves and land

Floating debt ings at Philadelphia, etc.......... 1,453,789 | Unpaid dividends Debts, bills receivable, bonds, mort

Unpaid interest. gages, etc...

1,071,490 | Balance to Profit and Loss Contingent Fund-cost of investment. 1,210,254 Cash on hand....

21,663

Cr. • $2,479,950

829,172 2,790,082 265,823

5,757

54,514 3,166,898

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Total.
$9,592, 196 Total

• $9,592,196 The net earnings for fifteen years have been 88,053,668. The dividends paid in the meantime have been $1,101,365. The balance, after the payment of interest, has gone to the profit and loss account, and is held by the contingent fund.

The investments of the contingent fund are at par as follows :-Pennsylvania State 5s, $100,000; Pennsylvania RR. 2d mortgage bonds, $200,000: Lehigh Crane Iron Company's bonds, $300,000; North Pennsylvania Railroad 1st mortgage bonds, $100,000; Lehigh Valley Railroad ist mortgage bonds, $ 16,000; Delaware Railroad 1st mortgage bonds, $10,000; Lehigh Coal and Navigation Company's 6 per cent. Ist mortgage bonds, $136,335. Total, $1,462,335.

There are chargeable against the balance standing to the credit of Profit and Loss Certificates of "Scrip Shares" issued as recommended by resolution passed at the meeting of the stockholders held 1st May, 1855, as follows: 1835 Certificates for 9,905 shares)

$195,250 1856..

for 11,882

Which when converted into 594,100 1857

for 14,273

stock will annount respec- 713,650

tively to-
Total..
36,060

$1,803,000 This “Scrip,” however, is unavailable to the holders, the mortgage for 1842 forbidding larger dividends than 6 per centum per annum. This disability the Company now proposes to overcome by the immediate payment of the bonds due in 1861, with a view to enable the stock and scrip holders to realize the full benefits earned by its property and works. The several issues were 20, 25 and 30 per cent. on the present share capital, and were made prospectively as extra dividends. SUMMARY OF THE LiabilitIES AND Assets of the Leugh COAL AND NAV Gation Company, From 1st JANUARY, 1853, to 1st January, 1860.

1853.

1854. 1855. 1856. 1857. 1858. 1859. 1860. Liabilities Capital stock.. 1,569,800 1,985,850 2,474,600 2,475,900 2,479,700 2,479,900 2,479,900 2,479,950 Common Loans .. 4,353.827 4,050,554 3,586,078 3,091,498 3,091,498 3,091,498 2,790,082 2,790,082 Mortgage Loan • 929,342 837,492 832,792 831,792 829,422 829,222 829,222 829,172 Floating Debt... 364,933 332,049 373,150 316.495 322,512 286,202 231,531 265,823 Unpaid divid....

3,823 3,504 4,246 4,307 4.364 7,210 6,651 5,757 Arrears of int.

74,813 67,284 58,634 54,300 53,523 52,048 53,716 54,514 Profit and Loss .. 907,996 1,164,673 1,689,955 2,252,686 2,548,964 2,704,983 2,900,054 3,166,898

Assets Canal improv'ts: 4,455,000 4,455,000 4,455,000 4,455,000 4,455,000 4,455,000 4,455,000 4,455,000 Lehigh & Sus. RR 1,380,000 1,380,000 1,380,000 1,350,000 1,380,000 1,380,000 1,380,000 1,380,000 Real estate..... 1,307,877 1,280,998 1,281,901 1,334,927 1,406,654 1,428,971 1,453,273 1,453,789 Debts due to Co. 661,218 749,762 850,030 900,269 1,074,296 1,179,232 942,339 1071,490 Contingent Fid. 351,710 500,148 995,367 906,126 968,067 957,191 983,139 1,210,254 Cash on hand... 48,730 75,497 57,157 50,836 45,966 50,669 77,405 21,663

$

8

Total

8,204,534 6,441,405 9,019,455 9,027,158 9,329,993 9,451,063 9,291,156 9,592,196

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