RAILROADS OF THE STATE IN DETAIL. ASHUELOT RAILROAD. OFFICERS, 1859-60. JOHN H. FULLER, President.. J. HENRY ELLIOTT, Treasurer.. W. B. BRINSMADE, Superintendent. PRINCIPAL OFFICE. LENGTH OF ROAD-Keene, N. H., to South Vernon, Vt.... Length of sidings and other track.. The Ashuelot Railroad Company was chartered under several acts of the Legislature of New Hampshire, approved, respectively, on the 27th Dec., 1844; the 10th July, 1846, and the 21st and 23d June, 1848. In the latter part of 1849 the construction of the road was commenced, and on the 1st On the 7th Dec., 1849, the ComJan., 1851, it was opened for public use. pany leased the road to the Connecticut River Railroad Company for a term of 10 years, from the date of its completion, at 7 per cent. on its cost, with privilege in favor of lessces of renewal for a second term, at 8 per cent.; the Connecticut River Company to keep the road in good repair. The amount of the annual rent was subsequently fixed at $30,000, which has been regularly paid by the lessees. The rent has been used solely for the payment of Up to the 11th May, 1859, the bonds and floating debt, and interest. Company had redeemed $109,982 of its debentures, and had on hand $33,000 surplus income. This amount and such other sums as may accrue to the Company under the lease have been appropriated to the final payment of its funded debt, now amounting to $150,000, and which, it is assumed, may be purchased at one half of its nominal value. It is not supposed that the lease will be renewed, as the earnings have not probably much exceeded the operating expenses. SHARE CAPITAL-Authorized, $500,000, in 5,000 $100 shares. Paid in, $246,018 FUNDED DEBT $150,000: 1st mortgage, 6 per cent. bonds, dated 1st Jan., 1851, and payable, principal in 10 years, and coupons semi-annually, 1st Jan. and 1st June. The Company has no floating debt. COST OF CONSTRUCTION, ETC.-$506,000: in detail as follows: Land, land-damages and fences... Masonry and bridges $40,584 Superstructure, including iron.... 176,805 14,404 .... 17,454 GENERAL LEDGER BALANCE SHEET, 11TH MAY, 1859. Dr. Cr. Construction Account. $506,000 2,451 full paid Shares... $245,100 Profit and loss 33,000 Part paid shares............ 918 1st Mortgage Bonds 150,000 Indebtedness paid from income 109,982 33,000 $539,000 в 41 ATLANTIC AND ST. LAWRENCE RAILROAD. The Atlantic and St. Lawrence Railroad Company within New Hampshire was chartered by the Legislature of the State by an act passed on the 30th June, 1847, and was authorized to construct an extension of its road from the west boundary of Maine to the east boundary of Vermont; and was declared to possess all the powers delegated to it under the act of the Maine Legislature, passed on the 10th Feb., 1845, subject, however, to all the liabil ities, obligations and duties which are or may be imposed on other railroad corporations in New Hampshire. The length of the road within this State is about 52 miles, and was wholly built by the Maine Company. No separate accounts are kept.-See Atlantic and St. Lawrence Railroad, Maine. BOSTON AND MAINE RAILROAD. The Boston and Maine Railroad Company within New Hampshire was chartered by several acts of the Legislature of this State, dated, respectively, 27th June, 1835; 28th June, 1838; 2d July, 1841, and 2d July, 1845. By the act of 1841, the Company was authorized to consolidate with the Boston and Portland Company of Massachusetts, and the Maine, New Hampshire and Massachusetts Company of Maine. The act of 1845 authorized the Consol idated Company to unite with the Boston and Maine Extension Company of Massachusetts. Under these acts, and similar acts by the Legislatures of Maine and Massachusetts, the whole line from Boston to South Berwick became the property of a single company under the present title.-See Boston and Maine Railroad, Massachusetts. BOSTON, CONCORD AND MONTREAL RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859–60. · Plymouth, N. H. | Joseph P. Pitman........Laconia, N. H. 66 JOSIAH QUINCY, President..... GEORGE MINOT, Treasurer JOHN T. COFFIN, Superintendent. PRINCIPAL OFFICE .... 66 LENGTH OF ROAD-Concord to Wells River........ Road under lease-White Mountains Railroad. Haverhill," Rumney, N. H. .Concord, " .Plymouth, " ..CONCORD, Merrimac Co., N. H. Length of sidings, etc., 5.50 miles. Total length of road operated.. ROLLING STOCK-Locomotive Engines.... .93.54 miles. .20.85 "C .114,39 miles. 14 242 Cars-Passenger, 10; merchandise, etc., 232... The Boston, Concord and Montreal Railroad Company was chartered on the 27th of Dec., 1844. Its construction was commenced in 1846. The different portions of it were opened as follows:-From Concord to Sanbornton, 18 miles, in May, 1848; to Lake Village, 11 miles, in Oct. of the same year; to Meredith Bridge, 8 miles, in March, 1849; to Plymouth, 14 miles, at the close of 1849; to Warren, 20 miles, in Feb., 1851, and to Wells River, Vermont, 22 miles, in May, 1853. On the 1st day of Feb., 1859, this Company took a lease of the White Mountains Railroad for a period of five years, at an annual rental of $10,000, payable monthly, undertaking to maintain and operate the road for the period named. The Company having a floating debt exceeding $200,000, for which sev eral of the directors had rendered themselves liable by reason of endorsements and advances, the Company on the 9th of Jan., 1857, made an assignment, for their benefit, of the road and its appurtenances to trustees. These liabilities have since in a great measure been discharged, (by the Sinking Fund Bonds,) and the road has again vested in stockholders. SHARE CAPITAL-Authorized and paid, $1,800,000: classified as followsPreferred Stock, 6 per cent., in $100 shares. .-$800,000 -authorized by a vote of the stockholders at their annual meeting in 1851, to the amount of $600,000; and to the amount of $200,000, at a meeting held 10th of Aug., 1854. The subscriptions to the $600,000, first authorized, was payable, one-half in common stock, and one-half in cash. The subscribers to the $200,000 were entitled to convert, for every share subscribed and paid, four shares of New Stock, (which see.) Dividends on the Preferred were paid up to March 31, 1855. It has precedence in dividends of the New Stock. New (Preferred) 6 per cent., in $100 shares. ..$540,400 -authorized by a vote of the stockholders on the 10th Aug., 1854, whereby each person subscribing and paying for one share of New Preferred Stock, was authorized to convert six shares of old into New Stock, and to have a preference in dividends over the old. No dividends have been paid on the New Preferred. Old or Common Stock, in $100 shares - $416,600 -Previous to 1853 interest was allowed on the stock assessments, and paid in scrip or stock. Other classes of stock. -$43,000 --viz.: interest dividends, $25,816; scrip, $15,222; stock assessments, $1,962 FUNDED DEBT--$1,050,000, classified as follows— 1st Mortgage, 6 per cent. bonds 1st Mortgage, 7 per cent. bonds. $200,000 -$300,000 -dated 15th August, 1850, and payable, principal in 10 years, and coupons semi-annually, 15th Feb. and 15th Aug.; the 6 per cents. at Boston, and the 7 per cents. at New York. Secured by mortgage on 71 miles of the road, being the portion between Concord and Warren. 2d Mortgage, 6 per cent. coupon bonds 2d Mortgage, 7 per cent, coupon bonds $100,000 .$250,000 -dated 16th August, 1852, and payable, 1st Jan., 1870, and interest semiannually, 1st Jan. and 1st July; the 6 per cents. at Boston, and the 7 per cents. at New York. Convertible into stock at any time previous to 1869. These bonds, as a second mortgage, cover the whole road, and are a first mortgage on that portion between Warren and Wells River, 22 miles. The whole amount provided for was $850,000, of which $350,000, as above, have been sold, and $500,000 are reserved to retire the 1st mortgage bonds maturing in August, 1860. Sinking Fund, 6 per cent. mortgage coupon bonds. --$200,000 -dated 1st Jan., 1857, and payable 1st Jan., 1889; coupons semi-annually, 1st Jan. and July, at Boston. The mortgage in this case provided for an issue of bonds to the amount of $1,050,000, but no further issues can, by law, be made, except upon the cancellation of an equal amount of 1st or 2d Mortgage Bonds. The Sinking Fund for the redemption of these bonds was created by the payment thereto of $12,500 on the issue of the $200,000, and by future payments to an amount not exceeding $12,500 annually; the same to be invested in the bonds so long as the same can be done at 6 per cent. The amount of the Sinking Fund on the 31st of March, 1859, was $26,500. Interest on all bonds has been regularly paid. FLOATING DEBT-$47,100, bills payable. COST OF ROAD AND EQUIPMENT $2,863,584: in detail as follows Receipts $3,587 396,745 165,811 14,118 113,800 125,000 25,000 19,650 INCOME ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 1859. Gross passenger Less paid other roads.. Less paid other roads.. 39,197-151,314 Income from mails. 9,240 Income from express.... 2,033 846 GENERAL LEDGER BALANCE SHEET, 1ST APRIL, 1859. Second track, 34.53 miles ; sidings, etc., 9.50 miles...44.03 66 The Concord Railroad Company was chartered on the 27th June, 1835. The construction of the road was commenced in 1841. It was opened for public use from Nashua to Manchester on the the 1st July, 1842; to Hooksett on the 26th of the same month, and to Concord on the 7th September following. The laying of a second track was commenced in 1846, and completed in 1848. On the 24th of November, 1856, the Concord, and Manchester and Lawrence Railroad Companies entered into a contract, to continue for five years from 1st Dec., 1856, whereby the former undertook to operate and maintain the road of the latter, and also the Methuen Branch, (extending from the city of Lawrence to the boundary line of New Hampshire, leased to, and forming a portion of the line of the Manchester and Lawrence, and which lease was transferred to the Concord Company,) and to divide the net profits of the entire business in proportion to their respective capitals, viz.: that of the Concord Railroad Company being established at $1,500,000; the Manchester and Lawrence, $1,000,000, and Methuen Branch, $110,000--in all, $2,610,000. The length of the united line is 61 miles. The Income Account of the joint line for the past year was as follows: The joint contingent fund amounts to $11,547, and the joint property on hand to $69,115, viz.: wood, $21,316; oil and waste, $188; material for road repairs, $19,329, and stock in repair shops, $27,982. The net profits divided between the two companies for the two past years have been as follows: |