The Sun.
London, England, 1867-03-11 00:00:00

RECAPITULATION.

Gross Earnings
Total ordinary expenses ... $10,616,362 17
" extraordinary " con-
sisting of additional se-
cond track and sidings,
additional locomotives,
cars Btc
‘., 2,174,547 10

12,790,909 27

Leaving a balance of 53,792,973 57

The passenger travel has fallen off during the
year in sympathy with that of nearly all of the
other railways of the country. To this general
depression this line ha. 2 also had added to it the
loss of travel from the decay of the speculative
excitement of the oil region, while the same train
accomodation has to be entertained.

The tonnage of the Philadelphia and Erie is
mostly made up of cheap products that can only be
moved at low rates of transportation, which, under
the existing condition of the business of the country,
are inadequate to meet the cost of their movement
at the percentage stipulated in the lease of the road.
This traffic has been quite irregular during the past
year, though in the aggregate it has largely in-
creased over that of 1865, and must continue to
grow with the increase of the population of the
region traversed, while the relative transportation
expenses can only be reduced by this enlargement of
its business and a fall in the prices of labour and
materials.

Arrangements are being made to increase the
business of the road by the establishment of a line
of steamers between Erie and the other lake ports,
under the patronage of this company, with antici-
pations( of successful results.
The future of this great work is very encourag-
ing, but its traffic, as in all other similar projects,
will require the application of capital and time to
develope. The transportation facilities are ample
for the accommodation of all the business that can
be offered to it during the present year.
'The whole revenue of the Pennsylvania Railroad.
Company from its several lines is as follows, viz. :

From the Pennsylvania Railroad and
branches
11 17 Canals 297,867 16
77 Philadelphia and Erie Railroad 2,541,051 79

$19,422,801 79
And the expenses of operating these lines are :
Pennsylvania Railroad,
ordinary
Do. extraordinary 2,174,547 10
Do. Canal
Philadelphia and Erie Rail-
road
Thirty per cent. reserved to
pay taxes and interest on
debt of Philadelphia and
Erie Railroad Company... 732,738 80
---- 15,844,060 58

Balance
From which deduct payments made during
the yearto the shareholders of the Penn-
sylvadia Railroad Company for divi-
dends, $1,737,969 ; the balance to debit
of interest and coupon account,
$539,859 57 ; the amount due to the
Harrisburg and Lancaster Railroad
Company under lease, $135,274 18; the
taxes on dividends and coupons,
$438,855 57 ; and the annual suns of
$460,000; due to the State of Pennsyl-
vania for the purchase of the main line
of public works, amounting in all to 3,301,958 32

Leaving a surplus of 5276,782 89
This is the result of the year's operations of your
railways and canals, after charging all expenditures
for new work and additional rolling stock, &c., to-
gether with an instalment of $lOO,OOO upon the
principal of the debt due to the State, &c., to ex-
pense account.

By order of tho Board.
J. EDGAR TRO3ISON7 President.

A bill has been introduced into Congress to ex-
tend the time for the location and construction of
the Springfield and Farmington Valley railroad to
May 1, 1870.
Among the dividends declared for 1866 were the
following ;--Boston and Worcester, 10 per cent. ;
Western, 10 ; Providence, 10 ; Maine, 10 ; Nor-
wich and Worcester, 10 ; Stoughton Branch, 10 ;
Worcester and Nashua, 10 2-3 ; New Bedford
and Taunton, 9 ; Rockport, 9 ; Taunton Branch,
8 ; Providence and Worcester, 8 ; Nashua and
Lowell, 8 ; Eastern, 8 ; Connecticut River, 8 ;
Lowell, 8; Old Colony and Newport, 7 ; Fitch-
burg, 7 Fitchburg and Worcester, 6. The

amount paid by the different corporations in
1866, for taxes and insurance, was $1,440,058 ; in
1865, $1,327,134. The expense of removing snow
and ice from the track in 1866 was $7,098 ; in 1865,
$22,704. Of the fatal accidents to passengers (15)
not one was caused through any negligence or care-
lessness on the part of the raikoad employes. The
deaths were in consequence of direct violations of
the rules of all the companies, in regard to leaving
or getting upon the trains while in motion, or riding
upon the platforms of the cars.

The Massachusetts horse railroads have a capital
of $4,410,80u, and their gross earnings last year were
$1,707,417, and the net earnings $215,921. Th°
roads own 2,106 horses, 349 cars, employ 1,078
men, and they carried 26,232,330 passengers last
year, a decrease of 399,084 from the year before.
The Secretary of the Treasury has sent to Con-
gress the following statement in regard to the
amount of United States Bonds issued to the severiii
roads now being constructed to the Pacific, with the
number of miles completed of each road :—Union
Pacific Railroad, 350 miles west of Omal'al
$4,880,000 ; Union Pacific, west from Lawrence,
155 miles, $2,480,000 ; Atchison and Pike's Peak,
40 miles, $640,000 ; Central Pacific California,
114 miles, $4,600,000; Western Pacific; California,
20 miles, $320,000.

The large rolling mill at Danville, Pennsylvania,
owned by Waterman and Beaver, turns out eighty
tons of railroad iron per day, a quantity sufficient
to make nearly two-thirds of a mile of track. The
rails now being made are for the Union Pacific
Railroad.

THE STEAM RAILROADS OF MASSACHUSETTS:-"
The Boston Transcript compiles the following
statistics relative to the steam railroads of this
State, from the last annual returns as made to the
Legislature. Most of the figures have been pub-
lished before in detached form, but they receive a
fresh interest in being grouped together :
Capital stock $83,091,600

Capital paid in ... „ -68,952,168
Debt ... ••• •.. 27,471,634
Cost of roads and equipments ... 79,466,774
Total income in 1866 ... 21,205,57
Working expenses ... ... • 14,534,23.6
Net earnings 6,671,291
Interest paid ... „„ „, 953,37
Amount of dividends paid ,„ 4,467,469
Surplus, November 30, 1866 ... „ 6,019,227
Total length of rail (as single track) in miles• 1,849
Number of miles run in 1866 9,025,573
Tons of freight carried —•
•••
••• •.• •.• 6,046,546
ABl
Number of passengers carried... ~• 22, 15 126,-
Number of passengers killed ...
Number of men employed (exclusive of those 8,812
engaged in construction) 35
Number of employes killed
Number of persons killed while walking or
lying upon the track ... ..• •• Number of of engines owned •••
IN umber of passenger cars ...
Number of merchandise cars

518
620
9,488