The proportion due Methuen Branch is included in current expenses. On the 11th of Sept., 1858, the Concord Railroad Company, with the concurrence of the Manchester and Lawrence Railroad Company, took a lease of the Concord and Portsmouth Railroad for a period of five years, agreeing to maintain and operate the same, and to pay an annual rental of $15,500; also agreeing to expend the further sum of $2,500 annually in permanent repairs. The receipts and expenditures under this lease, from its date to 31st. of March, 1859, have been as follows: SHARE CAPITAL-Authorized (all paid in), $1,500,000, in 30,000 $50 shares. FUNDED OR FLOATING DEBT-None. GENERAL LEDGER BALANCE SHEET, 1ST APRIL, 1859. Gross Earnings COST, EARNINGS, EXPENSES, ETC., YEARLY. Cost of Miles. 1846.. 779,581 1847. 1,042,718 1850.. 1,386,788 1851. 1,390,598 1852.. 1,398,347 1853.. 1,409.097 1354.. 1,433 503 1855. 1,477,776 p. c. 5 Operating Earng's, Dividend Year. Road, &c. of Road. Passen'r., Freight. Mails, etc. Total. expenses. less exp. 1843.. $725,050 34.53* $48,035 $21,803 $1,069 $70,912 $27,184 $43,728 $36,252 1844.. 742,223 34.53 72,799 65,421 860 139,030 65,167 73,913 66,315 9 1845.. 756,444 34.53 90,545 90,099 1,198 181,842 82,929 98,913 97,500 13 34 53 109,971 115,469 3,039 228,479 135,055 93,424 80,000 10 34.53 133,545 141,117 15,566 290,228 176,453 113,775 100,000 10 1848.. 1,350,000 34.53 138,907 159,603 12,726 311,236 180,698 130,538 120,000 10 1849 1,350,000 34.53 135,337 172,950 9,970 318,257 179,872 138,385 135,000 10 34.53 127,892 158.642 10,374 296,908 148,934 147,974 133,650 9 34 53 138,556 157,277 12,029 307,862 170,896 136,966 103,950 7 34.53+ 152,539 174,665 10,680 337,884 170,062 167,822 133,650 9 34 53 113,336 181,107 9,983 304,426 177,472 126,954 118,800 34.53 123,323 197,207 9,214 329,744 199,007 130,737 118,800 34.53 126,871 217,512 7,650 352,033 245,639 106,344 105,000 1856.. 1,477,733 34,53 120,787 207,404 7,758 335,949 224,502 111,447 90,000 1857.. 1,500,000 34.33 114,982 194,650 7.418 317,050 201,299 115,751 90,000 1858.. 1,500,000 34.53 95,484 154,785 10,692 260,961 157,966 102,995 90.000 1359.. 1,500,000 34 53 90,650 167,557 17,538 275,795 147,429 128,366 120,000 $21,219,863 587 1,933,559 2,577,273 147,814 4,658,646 2,690,614 1,968,032 1,738,917 Aver'e 1,248,227 34.53 113,838 151,600 8,695 274,035 158,271 118.764 102,289 The joint operations of the two companies have been as follows: 2,610,000 61.03 159,141 257,973 64 17,821 434,935 263,276 171,659 2,610,000 61.03 151,033 279,262 29,314 459,659 245,716 213,943 44 1858. 1859. 81 *Operations from 7th Sept, 1842, to 30th April, 1843 + Eleven months operations from 1st May, 1851, to 31st March, 1852. In 1858 and 1859, the Concord, and Manchester and Lawrence roads were operated conjointly, the first sharing three-fifths and the latter two-fifths of the earnings CONCORD AND CLAREMONT RAILROAD. LENGTH OF ROAD-Concord to Bradford. 27.16 miles. The Concord and Claremont Railroad Company was chartered on the 24th June, 1848. The construction of the road was commenced on the 19th Nov. of the same year. On the 27th August, 1849, it was opened for public use to Contoocookville, 10 miles; on the 25th Sept. to Warner, 18 miles, and from Warner to Bradford July 10th, 1850. On the 8th Jan., 1853, an act was passed authorizing this Company and the New Hampshire Central Company to consolidate their interests, and form a new corporation, under the title of "Merrimac and Connecticut Rivers Railroad Company," which act was accepted by the stockholders of the Concord and Claremont Company on the 12th April, 1853. The consolidation was formally consummated on the 1st May of the same year. The financial condition of the Concord and Claremont Company on the 30th April, 1853, was as follows: Dr. Share capital. GENERAL STATEMENT. Funded Debt. 265,400 Cost of equipment.. Floating Debt 91,894 Interest and discount. CONCORD AND PORTSMOUTH RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859-60. 66 .Boston, Mass. | S. Plumer Dow.......New Market, N. H. ...Concord, Aaron H. Hill.........Portsmouth, .New York City, N.Y. .Portsmouth, N.H. ...Concord, CHARLES L. FROST, President.. THOMAS D. BAILEY, Treasurer.. JOSEPH A. GILMORE, Superintendent.. PRINCIPAL OFFICE. .PORTSMOUTH, Rockingham Co., N.H. LENGTH OF ROAD-Concord to Portsmouth... ROLLING STOCK--Locomotive Engines Cars-Passenger, 4; merchandise, etc., 82. .47 miles. 4 86 The Portsmouth and Concord Railroad Company was chartered on the 1st July, 1845, and by additional acts of the 10th July, 1846, and 23d June, 1848, was authorized to construct branches to Hooksett and Manchester. Its construction was commenced in the summer of 1847, and the road was opened for public use from Portsmouth to Epping in December, 1849; to Raymond, in September, 1850, and to Concord in August, 1852. On the 1st day of June, 1855, the road was taken possession of by the trustees under the first mortgage; and on the 1st of Sept., 1857, the road was sold on account of the bondholders, who were authorized by law to become parties to the sale, and to form a new company under the title of the Concord and Portsmouth Railroad Company, with a capital stock of $250,000. The financial condition of the Company previous to the sale of the property in 1857 was as follows: The capital of the new company is limited to $250,000. Of this sum only $230,000 has been issued, which amount will not probably be increased, the company having sufficient means to discharge its liabilities. Receipts INCOME ACCOUNT FOR THE YEAR ENDING SEPT. 30, 1859. Cash on hand.... Rent of road Assessment on stock. Total. Years. and Equipment. of Road. Earnings. Expenses. less Exp's. The Contoocook Valley Railroad Company was chartered on the 24th June, 1848; and the road was opened in December, 1849. It has been operated by other companies under various leases and contracts. The Company failing to pay the interest on its bonds, the Legislature of the State passed an act authorizing a sale of the road and franchises, which was made 1st Oct., 1857, for $30,000, and a new company formed under the title of Contoocook River Railroad Company, with a nominal capital of $200,000. The new company commenced operations on the 1st Nov., 1857. The financial condition of the Company at the date of the sale was as follows: Year. 1850..... 1851.. 209,063 Cost of COST, EARNINGS, EXPENSES, ETC., YEARLY. Miles -Gross Earnings Operating Earnings. Road, &c. of road. Pass'r. Freight. Mails, &c. Total. expenses. over exp. Div. 1,446 29,066 28,130 936 854 1,362 19,139 31,288 (loss)† 1,529 แ * Four months' operations, Dec., 1849, to 1st April, 1850, + Loss, $12,129. 7,846 11,747 No second track; sidings, etc., about 2.50 miles. ROLLING STOCK-Locomotive engines. ... Cars:-Passenger, 4; freight, etc., 26. .28.12 miles. 4 30 The Cocheco Railroad Company was chartered on the 2d July, 1847. The construction of the road was commenced in the summer of 1848, and the section between Dover and Farmington was opened for public use on the 21st Sept., 1849, and between Farmington and Alton Bay, 101⁄2 miles, in Sept., 1851. SHARE CAPITAL-Authorized by charter, $500,000, in 10,000 $50 shares. Paid in, $399,146, as follows Preferred, 8 per cent., in $100 shares. __$177,750 -The Preferred Stock was authorized on the 15th Oct., 1850, to the amount of $250,000, to bear 7 per cent. interest, until the earnings should be suffi cient to pay 6 per cent. on the whole stock, when both classes were to be placed on an equality. On the 16th Oct., 1850, the stockholders voted that the Preferred Stock should bear 8 per cent. interest till the road should earn 8 per cent. on the whole stock. No dividends have been paid on the Preferred Stock. Common Stock_ _ _ $221,297, in $100 shares. FUNDED DEBT-$420,853: classified as follows 1st Mortgage, 6 per cent. coupon bonds... --$36,100 -dated 1st Oct., 1851; payable, principal 1st Oct., 1861; coupons semi-annually, 1st April and 1st Oct., at the Company's office, Dover. 2d Mortgage, 6 per cent. coupon -dated 1st July, 1853; payable, principal 1st July, 1867; coupons semi-annually, 1st Jan. and 1st July, at the Company's office, Dover, N.H. Provision was made under this mortgage for the issue of $450,000, of which $200,000 were reserved to retire the 1st Mortgage Bonds at maturity. Of these bonds, $163,900 have been retired by exchange for 2d Mort. Bonds. The interest on the bonds was not fully paid the past year. Amount paid iu 1859, $9,523; 1858, $22,899; 1857, $23,677. |