Page images
PDF
EPUB
[ocr errors][merged small]

STATEMENT of the Revenue and Expenses of the Main Line of the Public Works of Pennsylvania from 1830 to 1857.

EASTERN Div. of CANAL. JUNTATA Div. OF CANAL.|ALLEGH'Y PORTAGE RR. WESTERN Div.or CANAL.

[blocks in formation]

81 iniles-Coet $5,277,278. 46 miles-- Cost, $1,737,285.127 miles-Cost, $3,575,966./'41 miles-Cost $2,708,672 || 104 miles-Cost $3,173,434.

Revenue, Expenses. Revenue. Expenses. Revenue. Expenses. Revenue. Expenses. Revenue. Expenses. .
1830.
$10,356 $7,761
$17,323

$15,393 $55,612
1631
17,655 10,895 4,492 53,172

12,999 66,901
1832
20,599 8,688 7,205 31,645

9,313

144,323
1833. 5,003
49,737 19,633 15,331 34,303

25,437 59,631
1834. 40,240
79,260 18,657 56,169 35,298

5,482 60,746 83,508
1635 183,610 163,691 142,854 19,274 70,078 41,722 97,740 98,744 103,390

59,754
1836. 260,658 288,389 158,971 16,472 56,862 33,971 153,171 132,538 123,228 30,163
1837. 353,566 403,997 136,379 49,300 79,486 46,865 148,523 158,038 132.523 75,769
1838. 390,636 197,201 122,746 94,938 71,327 38,874 153,069 148,649 108,760 63,838
1839.

389,974 264,287 166,564 32,142 75,140 41,818 151,330 141,857 146,480 23,941
1840. 445,552 550,238 165,383 63,403 106,327 111,772 167,266 267,333 123,356 92,937
1841. 411,537 339,170 140.189 35,188

88,178 53,660 145,435 133,799 117,049 43,743
1842. 345,082 340,208 117,189 27,894 87.838 88,385 116,349 120,175 87,218 25,952
1843 369,496 288,503 108,748 30,693 87,768 58,363 175,476 159,920 99,603 22,098
1844. 416,318 261,382 152,969 27,485 88,649 53,210 169,603 208,137 115,322 43,625
1845. 418,502 209,596 117,363 25,593 70,379 63,773 160,212 189,757 144,580 18.839
1846 488,243 219.752 126,725 69,983 78,007

52,755 200,342 130,321 111,497 27,160
1647 561.356 246,377 160,653 46,844 67,312 59,959 232,587 160,290 205,514 25,258
1843 554,191 261,409 161,856 21,953 61,164 224,439 219,143 220,181 188,296 66,325
1819. 571,589 322,904 196.456 43.616 68.793 94,544 218,470 205,702 163,412

63,762
1850. 621,576 340.802 190.596 31,941 68,000

242,521 329,025 219,908 44,403
1851 653,268 338,959 117,723 60,626 63,484 93,940 234 532 341,325 160.055 59,611
1852. 820,640 320,887 129,708 46,773 65,002

310,011 336,007 127,054 64,376
1853. 716,242 422,631 141,654 53,183 59,478 100,356 224.627 507,508 161,278 78,975
1854. 821,525 390,761 133,726 51,294 49,327

78,025 338,391 96, 107 75,309
1855. 857,059 412,138 132,019 59,448 48,383 85,493 18,150 256,458

62,577 72,294 1856. 953,034 448,557 151,664 54,577 45,487

85,115
20,047 193,804

52,741 58,322
18575 648,655 368,101 55,632 43,351 21,552 94,535 11,982

82,850 24,442 50,913

$25,749
35,176
37,117
95,508
236,415
297,672
752,890
850,477
846,538

929,488
1,007 884
902,367
753,676
841,091
942,861

911,036
1,034,814
1,230,422
1,184,650
1,238,120
1,342,601
1,229 052
1,452,415
1,303,479
1,179,010
1,119,217
1,223,973
761,864

$60,725
130,968
184,656
113,567
142,945
382,185
501,533
733,969
543,459

504,045
1,085,683
605,560
602,604
558.977
593,839
507.558
499,971
538,728
794,307
730,528
839,417
894,461

877,229
1,162,653
945,868
915,833
840,375
639,750

COLUMBIA RAILROAD,

YEAR.

sia

93,246

89,186

90,112

12,300,552 7,429,940

68,193*

3,405,632 i 1,071,595

1,661,218

1,967,834

337,5467

3,648,611

4,866,290

10,044*1

3,048,578

1,597,372

24,064,591

16,933,031

415,783

Total 12,300,552 7,195,133 3,405,632 1,071,595 1,661,218 | 2,305,380 3,648,611 | 4,876,334 3,018,578 | 1,597,372 24,061,591 17,348,814

Note.-The mileage and cost refer to the year 1857. * Damages by sparks from locomotives. + Cost of repairing the IIuntingdon brench, 1838. | Not including State Tax on the Tonnage of the Pennsylvania Railroad. The Revenue and Expenses from 1st December, 1835, to 31st July, 1857.

STATEMENT of the Revenues and Expenses of the Lateral Canals of the State of Pennsylvania from the completion of the several works to

the date of their sale and transfer :

SUSQUE'NA DIVISION. NORTu Br'ch Divisioy.

WEST BR. DIVISION. || BEAVER DIVISION.

FRENCH CREEK Div.

OTAL OF LATERAL CANALS

60 miles-Cost $1,543,763.41 miles-Cost $897,160 73 miles-Cost $1,623,117 76 ms-Cost $1,833,183|30 mileg.-Cost $319,364 49 miles -Cost $817,779

329 miles-Cost $7.234,366.

Revenue. | Expenses.

Revenue.

Expenses.

Revenue. Expenses.

Revenue. Expenses.

Revenue. Expenses.

Revenue.

Expenses.

$2,060

336
884

388
1,079
555
981
645.
340
516

DELAWARE DIVISION.

YEAR.

Revenue. Expenses.

1630..
1831..
1832..
1833..
1834..
1835..
1836..
1837..
1838..
1839..
1840..
1841..
1812..
1843.
1844..
1815..
1816.
1817..
1848..
1819.
1850..
1851..
1852..
1853..
1854..
1953 ..
1856..
1857..
1858..

899
8,043
44,825
57,135
56,281
57,175
90,155
72,133
98,240
111,735
64.975
73,228
109,845
114.536
111,452
164.203
164,153
160,223
202,505
200,719
256,213
260,037
247,919
377,663
392,673
319,922
224,329
32,141

$9,365
76,525
51,715
78,354
46,0491
27,493
40,630
28.096
39,782
82,410
85,759
109,339
145,493

17,505
49,044
39.9511
41,019
16,187
19,539
28,553
43,265
49,357
40,697
86,847
75,979
71,091
83,159
60,730
26,117

2,215
5,748
7,671
11,431
16.083
13,029
16,296
20,791
22,269
30 127
26,6921
17,4601
10,775
19 652
21,214
23,6321
25,909
26,262
27,264
26,073
32,422
33,5481
38,928
42,236
75,6231
64,662
59,368
6,712

88,379
16,3221
65.056
77,094
43,2781
12,967

2,155
10,32!
17,702

4,201
32,856
17,034
42,435
22,001
32,704
26,514
43,513
18,944
15,230
11,6-16
14,406
23,368
32,077
25,620
27,747
39,664
45,234
52,9781
25,114

$15,277
49,067
27,654
23,217
48,083
24,662

9,528
13.412
15,903

11,510
110.679
79,425
84,075
28,814
29,234
35,0601
30,347
36,279
11,505
22 182
26,233
26 497
28,962
26,899
45,245
47,699
53,293
57,377
26,573

3,416
3,915
5,721
9,824
10,850

8.816
10.181
14,165
29,669
39,590
33,094
51,031
80,219
89,269
124,184
120,842
116,552
102,0-26
149,683
136,621
234,590
225,972
251,992
270,355
162,081
17,321

555
2,221

504
1,784
1,202
2,032
3,192
6,379
6,580
6,076
6,536
1,251

$2,166
21,270
25,866
23,116

30,158
5,496 26,0001
3,992 36,1161
4,708 32,443
9,300

39,199
12,852 19,834!
29,003 72,926
24,952 57,782
16,043 38,663
18,518 33,1481
29,659 30.769
29,477

15,802
45,156 22,762
43,329 18,989
38,578 58,827
43,820 70,247
42,500 31,672
52,642 30,398
55,951! 33,844
68,329 54,206
62,816 29,798
86,961 36,109
91,648 29,249
64.035 87,068!
14,160 30,2691

3,194
32,265
28,199
11,139

7,140
49,740
24,873
12,064
10.369
27,385
3,9721

7,9131
17,539)
19,100
30.229
19,065
10,107

4,060
16,263
8,383
4,585
2,592

796
1,219

$37.247
163,184
170,291
214,694
183.107
113,416
150,923
131,536
133,832
129,455
367,653
296,886
327,335
114,429
161,931
122 518
140,641

90,399
105,101
132.129
115,576
129,620
136,550
193,562
179,769
194,563
210,935
258,153
108,073

3,114
13.791
55,912
73,372
86.686
84,912
124.872
112,797
146,555
187,567
152,971
153,417
178,308
221,464
243,710
322,260
357,575
365,905
390,141
371,318
490,959
456, 157
589,166
708,687
807,249
776,627
509,813
70,335

97

[ocr errors]

Total.. 84,123,377 1,572,560|| 724,092 806,610

2,301,979|1,044,381

892,995|1,043,695

38,3121 210,360||

5,8201 143,912

8,086,575 4,821,548

66

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

66

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

66

[ocr errors]
[ocr errors]
[ocr errors]

(G

The State Debt of Pennsylvania, created chiefly on account of public works, and outstanding on the 30th of November, 1859, amounted to $39,482,992, viz: Classification.

Date of Act.

Payable.

Amount. 6 per cent. Stock Loan. 20 April, 1821, 1st June, 1841,

8630 5 9th April, 1827, Ist Dec., 1850,

2,003 5

24th Mar., 1828, 1st Dec., 1853, 1,617,550 5 18th Dec., 1828, 1st Jan, 1854,

666,303 5

220 April, 1829, 1st Dec., 1854, 1,835, 274 5

7th Dec, 1829, (Pk. Charter Loan,) 50,000

13th Mar., 1830, 4th Mar., 1858, 3,798,903 5

21st Mar., 1831, 1st July, 1856, 2,242,181 5 28th Mar., 1831, 28th Mar, 1861,

79,900 30th Mar., 1831, let July, 1856,

273,526 30th Mar., 1832, 1st July, 1860, 2,111,615 5th April, 1832, 1st July, 1560,

286,635 16th Feb., 1833, 1st July, 1858, 2,430.060 1st Mar., 1833, 10th April, 1863,

188,200 5 27th Mar., 1833, 1st July, 1858,

498,256 5

5th April, 1834, 1st July, 1662, 2,047,875 5 13th April, 1835, 1st July, 1865,

903,505 26th Jan., 1839, 1st July, 1859, 1,075,970 9th Feb., 1839, 1st July, 1864, 1,145,838 16th Mar., 1839, Ist July, 1864,

89.851 5 27th Mar., 1839, 1st July, 1868,

463.284 5 7th Jan., 1839, 1st Aug., 1859,

47.111 27th Jan., 1839, 27th June, 1864, 1,076,389 19th July. 1639, 1st July, 1868, 2,003,050 23d Jan., 1840, 1st Jan., 1865,

736,510 3d April, 1840, 1st Aug, 1864,

708,888 Ilth June, 1810, 1st July, 1870, 1,619,720 Relief Notey..... 4th May, 1841, 4th May, 1616,

105,350 5 per cent. Stock Loan.

5th May, 1841, (Bk. Charter Loan,) 376,687 6 Interest Certificates. 27th July, 1842, 1st Aug., 1843,

5,725 6

7th Mar.
, 1843, 1st Aug. 1816,

7,910 31st May, 1844, 1st Aug, 1846,

9,720 Stock Loan 29th April, 1844, Ist Mar., 1819,

129 16th April, 1845, 1st Aug, 1855, 4,032,652 5

22d Jan., 1847, (Bk. Charter Loan) 23,000 6 11th April, 1848, Ilth April, 1853,

44,550 6 Inclined Plane Loan 10th April, 1819, 10th April, 1879,

400.000 41 and 5 per cent. North Branch Loan.. 2d April, 1852, 1st July, 1852,

850.000 4 and 5 Redemption Loan

4th May, 1852, 1st Aug., 1877, 5,000,000 5 per cent. Redemption Loan.. 19th April, 1853, Ist Aug., 1878,

425,000

$39,482,992 Bonds of Pennsylvania Railroad Company for main line of works $7,400,000 Sunbury and Erie Railroad Company for lateral Canals..

3,871,250 other Companies

1,708,996 Unavailable Bank balances.....

280,000—813,260,246

66

[ocr errors]
[ocr errors]

66

[merged small][merged small][ocr errors]
[ocr errors][merged small][merged small][ocr errors][ocr errors][ocr errors][merged small][merged small][ocr errors][merged small][merged small][merged small]

STATE OF DELAWARE.

DELAWARE.
JUNCTION AND BREAKWATER.
MARYLAND AND DELAWARE.

NEWCASTLE AND FRENCHTOWN.
NewCASTLE AND WILMINGTON.
WILMINGTON AND SUSQUEHANNA.

The railroad first constructed in the State of Delaware was the Newcastle and Frenchtown, extending across the neck of the peninsula from Newcastle on the Delaware River, to Frenchtown on Elk River, an affluent of Chesapeake Bay, a distance of 16.19 miles. This road was completed in 1832 at a cost of about $100,000, and in connection with steamboat lines (owned by the company) on the two waters, for many years formed one of the principal routes of travel between the cities of Philadelphia and Baltimore. Soon after the completion of the Philadelphia, Wilmington and Baltimore Railroad, and for the purpose of avoiding a ruinous competition for the traffic between the two cities, a union of interests was forined, and in 1810 the two companies were virtually consolidated by an exchange of share capitals. Since this period both lines have been operated under the same management, but for the purposes of general business the southern line has ceased to be of consequence. At the present time, indeed, only that portion of the road extending from Newcastle to the junction of the Delaware Railroad is in use, and this forms a link in the chain of roads now extending from Wilmington through the length of the State into Maryland.

The second railroad constructed was the Wilmington and Susquehanna, which was opened for public use in 1837. The road within Delaware extended from Wilmington to the Maryland State Line. In 1836 the company owning the Delaware and Maryland Railroad, extending from the western terminus of this road to the Susquehanna River, was consolidated with the Delaware Company into one corporation, and in 1838 the three companies then owning the line between Philadelphia and Baltimore were consolidated into the Philadelphia, Wilmington and Baltimore Company. The history of the consolidated company will be found at large on pages +87-189. The earnings of the roads operated by the company have been sufficient to pay an average of 31 per cent. on the share-capital for the 22 years since the consolidation.

For the fifteen years from 1837 no further development of the railroad system of the State was effected. In Novermber, 1852, the work of constructing the Delaware Railroad was commenced. This road, which was chartered in 1849, extends through the length of the State, and in connection with other roads will form a continuous line from Wilmington to Tangier Sound, and be thence continued by steamboat to Norfolk in Virginia. It was built by section, and opened at various dates from 1855 to 1860, when it was wholly completed. The section in Maryland, in continuation of the line, is being rapidly constructed, and it is anticipated that the through-line will be in operation during the year 1861. From the date of its opening this road has been operated under lease by the Philadelphia, Wilmington and Baltimore Company, which has agreeà to equip and maintain it for twenty-one years, and pay as rent therefor a sum equal to 6 per cent. annually on its cost. Hitherto the road has been operated at a loss to the lessee.

The Junction and Breakwater Railroad leaves the Delaware Railroad at Harrington and will terminate at Lewes, its length being 29 miles. It was completed and opened to Milford, 84 miles, in September, 1859, and has since been operated by the Philadelphia, Wilmington and Baltimore Company, at a fixed rate of payment for services. This arrangement is temporary.

The only other railroad requiring mention is the Maryland and Delaware, which will leave the Delaware Railroad at Smyrna, and have its western terminus at Oxford in Maryland. Only a short section is within this State. It is probable that it will be completed within the next two or three years.

The following table exhibits the amount of productive and unproductive share-capital and debt of the several companies in the State at the dates of the annual reports for 1859: Corporate Titles

-Share Capital - Funded -Total Indebtedness of Companies.

Total Prod'tv. Unprod'tv. Debt. Amount. Prod’tv. Unpro'tv. Delaware....

$361,478 $.. 8361,478 $354,000 $966,029 $966,029 $. Junction and Breakwater .... 43,471

43,471 3,987 10,545 10,545
Newcastle and Frenchtown... 744,520 744,520
Newcastle and Wilmington... 150,000 150,000
Total...

$1,299,469 894,520 405,949 857,987 976,574 976,574

[ocr errors]

.

STATEMENT, showing the Share Capital, Debts, Earnings and Expenses of the Railroads
4

of the State of Delaware, for the ten years ending with 1859:
-Capital Account

Cost Miles Gross Operating Amount
Years. Share Loans &

Total

of
of earnings expenses

divided
Capital. Debts. Capital.

Road. Road. of Roads. & repairs, on shares. 1850.. $561,420 $181,128 $1,042,543 $909,927 16 $137,337 $118,773 $30,149 1851.. 861,420 168,656 1,030,076 908,927 16 137,286 127,528 30,149 1852.. 861,420 161,890 1,022,310 908,927 16 92.078 118,563 34,456 1853.. 861,420 156, 108 1,017,523 908,927 16 74,430

101,179

43,701 1854.. 861,420 135,190 996,610 905,0:7 16 76,268 89,381 25,842 1855.. 861,420 137.984 999,404 908,927 16. 68,994 97,272 *103,370 1856.. 1,131,176 211,506 1,342,682 1,131,351 56 61,382 67,208 27,728 1857.. 1,196,223 617,249 2,013,472 2,179,944 92 138,75? 98,871

44.957 1859.. 1,241,399 891,722 2,133,111 2,201.327 92 125,297 99,629 48,616 1859.. 1,255,998 963,241 2,219,239 2,421,379 92 140,501 91,234

55,171 10 yrs $9,993,306 $3,623,674 $13,816,950 $13,387,563 428 $1,052,315 $1,003,638 $444,139 Aver.. 999,330 382,367 1,381,698 1,338,756 421 105,231 100,363 44,134

Note.- The Railroads included in the above statement are the Delaware, the Newcastle and Frenchtown, and the Newcastle and Wilmington The dividends on the Newcastle and Frenchtown share capital are reckoned at the same rates as those paid on the Ph., Wilm. and Balt. Com

ny's tock, and the dividends on the Newcastle and Wilmington at 7 per cent. per annum. The Delaware Company has paid no dividends.

* Paid in stock of the Philadelphia, Wilmington and Baltiinore Company.

1

« PreviousContinue »