VERMONT-WESTERN VERMONT. SHARE CAPITAL-Authorized, $500,000. Paid in, $516,164. FUNDED DEBT-$783,200: classified as follows— 1st Mortgage, 7 per cent., bonds... 1st Mortgage, 6 per cent., bonds. -$386,000 -dated 1st April, 1850, and payable principal 1st April, 1860, and interest semi-annually, 1st April and 1st October, in New York City. The net earnings are applied to the interest on the 1st mortgage bonds, but have been only suficient to pay the same up to October, 1856, including one-half of the coupons due at that date. Proceedings are in progress for the foreclosure of the mortgage. 2d Mortgage, 7 per cent., bonds. -$293,200 -dated 1st October, 1854, and payable, principal 1st October, 1859, and interest semi-annually, 1st October and 1st April, in New York City. COST OF ROAD AND EQUIPMENT $1,301,886: in detail as follows: Roadway, in gross Land, land damages and fences Engineering. Incidental expenses Interest dividend on stock. $800,000 | New side track at Putney. Discount on $293,000 bonds.. Locomotives Total 69,741 753 Coupons overdue 14,097 7,056 Cars INCOME ACCOUNT FOR THE YEAR ENDING 31ST AUGUST, 1859. The Company makes no report to its stockholders, and no general statement can be given. COST, EARNINGS, EXPENSES, ETC., YEARLY. WESTERN VERMONT RAILROAD. (Financial year ending 31st August, 1859.) GEORGE BARKER, President; C. M. DAVEY, Receiver... LENGTH OF ROAD-Main Line, Rutland to State Line of New York.....54.00 miles. ROLLING STOCK.. .Supplied by Troy and Boston Company. The Western Vermont Railroad Company was chartered on the 5th November, completed from Rutland to Arlington, 41 miles, in December, 1851, and to the State line of New York, 54 miles, in July, 1852. The Bennington Branch was completed about two years subsequently. Default having been made in the payment of the interest on the Company's bonds, the trustees under the 1st mortgage commenced, in September, 1854, suit for the foreclosure of the mortgage, and in June, 1855, obtained a decree for the payment of the arrears then due within one year, and of the accruing principal and interest within one year from the time they respectively might fall due, failing which the title to the road and franchise to become absolute in the trustees. The first instalment under this decree ($16,000) was paid, but the second, about $124,000, was not paid, and on the 1st January, 1857, the trustees took possession of the road. On the 16th of the same month the trustees executed a lease of the road to the Troy and Boston Company for a term of 10 years, the lessee to keep it in repair and pay for its use $30,000 for the first year, and $36,000 each subsequent year of the term, in monthly instalments. Under this lease the Troy and Boston Company occupied the road until the 8th May, 1857, when, on complaint of certain bondholders, the Supreme Court entered a pro forma decree in their favor and placed the property in the hands of a receiver pending the suit. The final decision of the court was in favor of the lessee, and a decree issued re-instating the Troy and Boston Company, which took possession on the 1st January, 1859 The financial condition of the Company previous to the foreclosure of the 1st mortgage was as follows: SHARE CAPITAL-Authorized $1,000,000, in 10,000 $100 shares 1st Mortgage, 7 per cent., bonds.. 66 -$400,000 -dated 1st January, 1851, and payable, principal in 5, 10, 15 and 20 years in equal instalments, and interest 1st Jan. and 1st July, in New York City. 2d Mortgage, 7 per cent., bonds --$300,000 -dated 2d September, 1852, and payable, principal 1st September, 1862, and interest semi-annually, 1st March and 1st September. 3d Mortgage, 7 per cent., bonds. - . -dated 1st August, 1853, and payable, principal 1st August, 1860, and interest 1st February and 1st August. This mortgage provided for the sum of $500,000, none of which was ever sold. FLOATING DEBT $331,519. COST OF ROAD AND APPURTENANCES-$931,729: in detail as follows: Graduation and masonry. Bridges Superstructure, including iron Stations, incl. buildings and fixtures... COST, EARNINGS, EXPENSES, ETC., YEARLY. -Gross Earnings-- LAWS OF THE STATE IN REFERENCE TO RAILROADS. List of all the Railroad Companies chartered in the State of Vermont, with the dates of the Acts of their incorporation; and also the dates and abstracts of all laws passed by the Legislature in reference thereto. The asterisk [*] prefixed signifies that the work of construction has not been commenced. Corporate Titles. ASCUTNEY. *ASHUELOT. ATLANTIC & ST. LAWRENCE *BELLE WATER & ISLAND POND... *BENNINGTON & BRATTLEBORO' *BENNINGTON & GLASTENBURY *BLACK RIYER... BRATTLEBORO' & FITCHBURG. CHAMPLAIN & CONN. RIVER. Nov. 13, 1849 Act of incorporation. Oct. 29, 1852 Time for commencing construction extended. Nov. 13, 1851 Act additional to act of 1850. Oct. 27, 1848 Constituted a corporation of Vermont. Nov. 14, 1851 Time extended for locating road. Nov. 7, 1855 Act of incorporation. Nov. 9 1831 Act of incorporation. Nov. 10, 1835 Act of incorporation. Nov. 6, 1845 Charter renewed and continued. Nov. 9, 1849 Act of 6th November, 1845, revived. Nov. 23, 1852 Act reviving act of incorporation. Oct. 31, 1855 Act of incorporation. Nov. 6, 1847 Act of incorporation. Oct. 31, 1843 Act of incorporation. Nov. 6, 1846 Conn. River RR Co. may sell a part of its road to the B. and F. Company. Oct. 27, 1848 Extends time for completion. Oct. 26, 1849 Authorizes Company to unite with the Ver. & Nov. 1, 1843 Act of incorporation. CONNECTICUT & PASSUMPSIC RIVER Nov. 10, 1835 Act of incorporation. Oct. 37, 1843 Charter revived: 20 miles to be completed in 5 years, 30 miles in 10 years, and the whole road in 15 years. 66 Nov. 5, 1845 Divided into two companies; divided by White River: the N. to be called Conn. and Pass. River, and the S. Connecticut River. แ Oct. 20, 1846 No railroad from N. Hamp. to enter from, con- แ *DANVILLE & PASSUMPSIC. Nov. 14, 1851 May connect with Atlantic and St. Lawrence Nov. 6, 1845 Act of incorporation. Nov. 15, 1851 Act of incorporation. Dec. 6, 1853 Act of incorporation. Nov. 9, 155 Act of incorporation. Corporate Titles. *ISLAND POND & ST. JOHNSBURY..... 66 *LAKE CHAMPLAIN & OTTER CREEK *MIDLAND. 66 แ . Nov. 3, 1854 Act of incorporation. Oct. 27, 1855 Time for completion extended. Oct. 29, 1838 Act of incorporation. Nov. 9, 1847 Resolve approving Asa Whitney's plan of a railroad to the Pacific Ocean. Nov. 23, 1852 Authorized to purchase franchise of New York Dec. 1, 1853 Time for construction extended. Nov. 13, 1850 Act of incorporation. Nov, 14, 1851 May connect with Atl. and St. Lawrence RR. *MONTPELIER & CONNECTICUT RIVER. Nov. 13, 1849 Act of incorporation. 66 *NEW YORK & BENNINGTON Nov. 19, 1851 Act to extend charter, etc. 66 Oct. 13, 1851 Act of incorporation. Nov. 23, 1852 May sell to Lebanon Springs Company. *NORWICH & HARTFORD FORWARDING Nov. 14, 1836 Act of incorporation. Nov. 14, 1856 Act of incorporation. See Champlain and Connecticut River. Nov. 9, 1850 May issue preferred stock Nov. 13, 1850 Repeals act 1849. May extend road to Swanton. Nov. 9, 1831 Act of incorporation. Oct. 26, 1833 Time extended for commencing and completing Nov. 1, 1838 Time extended, etc. Oct. 24, 1840 Charter revived and continued. Nov. 13, 1848 Act of incorporation. Nov. 7, 1851 May construct a branch. Nov. 13, 1847 Act of incorporation. Nov. 12, 1849 May construct a branch to the west line of the Dec. 6, 1853 Act of incorporation. Nov. 13, 1848 Act of incorporation. Nov. 13, 1849 Act of incorporation revived and continued. Dec. 2, 1853 Act of incorporation. Nov. 18, 1851 Act of incorporation. Nov. 15, 1853 Time extended for construction. Nov. 8, 1832 Act of incorporation. Nov. 6, 1833 Time extended one year. Oct. 31, 1845 Act of incorporation. Nov. 15, 1847 Repeals part of sec. 1 of act of incorporation. Nov. 5, 1858 Time for completing road extended. Nov. 18, 1858 Seventeen years allowed for completing road. Nov. 10, 1835 Act of incorporation. Oct. 31, 1843 Act of incorporation (2). Nov. 13, 1850 Act of incorporation. Nov. 8, 1848 Act of incorporation. Oct. 26, 1849 Time extended. Nov. 11, 1850 May issue additional stock. Nov. 12, 1858 Authorized to mortgage road. Nov. 13, 1851 Act of incorporation. Nov. 13, 1854 Act to extend charter. Nov. 12, 1852 Act of incorporation. Nov. 5, 1845 Act of incorporation. Nov. 6, 1849 Time extended for construction. Oct. 26, 1817 Act of incorporation. Nov. 17, 1851 May connect with Rutland and Burlington. The Railroad first constructed in Massachusetts, and one of the first in the United States, was the Granite Railroad, connecting the quarries in the town. of Quincy with the Neponset River, a distance of about three miles. It was chartered in 1825, and opened in 1827. It was constructed with a flat rail, 3x inches, laid upon longitudinal wooden sills, for which stone sills were afterwards substituted. The road had an inclination of 27 feet to the mile, with a plane of 380 feet long, having an inclination of 1 to 44. With the exception of the plane, up which the descending cars drew the empty ones, it was worked |