The republic., 1852-01-16


For balance at debit
of interest account. 1921 2S
Sinking funds ...... lOoOOO W
- $50 ,l64 So
Common stock dividend fund for 1851 s li9 ,697 65
Some OF the items thus exhibited require brief
explanation. twill fail To be observed that the
average freight upon coal has been reduced from
81 53b (thc average charge in 1850 TO s - or
81 cents per ton. The causes which led TO ths
duction, and which influenced the managers to
adoptit, proper to be submitted TO your CON
slderation. As you well aware, there are three
principal regions competing in the production and
transportation of anthracite coai-the Lehigh, the
Lackawanna, and the Schuylkill. Those who were
interested in the of the latter were anxious
ly desirous that some mutual good understanding
should exist with reference well 10 the quantity
mined TO the charge for its transportation Eve
ry proper effort made 10 secure ti. result but
II understood that those interested III the other
coal fields determined to lend no aid to effect
any arrangement, but would vigorously y conduct
their works, command, far possible the whole
market, and leave to the schuylkil region only to
supply so much as the others might be unable TO
mine or transport. The Schuylkill coal region
had therefore supplied more than one half Of the
anthracite coal consumed To acquiesce or to sub
init to the policy thus suggested, and 10 maintain
at the same time high charges for transportation
IN the opinion Of the managers, would have
couraged and iostered new enterprises elsewhere,
and proved disastrous to the operators in the schuy
kill region with whom this company have com
mon interest, and upon whose prosperity and we'll
doing they must ever depend. Nor were the man
agers willing that the region in which this COM
pany was interested should be placed in the posi-
tion of being called upon 10 supply that quantity
only, which the other regions might be unable 10
produce and deliver.
Confident in the ability of the work TO maintain
it's accustomed position, the managers decided that
they would 80 adjust their charges as TO command
the usual proportion Of the trade. Before, howey-
er, giving publicity to the course upon which they
had determined, arrangements were made with the
rFarH.
cure the large tonnage of the year. Shortly after
tooae negotiations were completed the Schuylkiu
Navigation Company made extraordinary reduc-
uons IN their charges for tolls, and adopted the
course Of receiving scrip (purchasnble at large
dIscOun) in payment Of tOlr, as the Ichigh Coal
and Navigation Company had heretofore done in
payment Of coal.
la this connexion the managers cannot refrain
from expressing their appreciation Of the fidelity
with which the operators fulfilled their engage
ments, although they were compelled, for some
months, TO pay on very large tonnage at least
twenty five cents per ton more Than the charges
the canal.
A reduction was alec made in the charges for
transportation of merchandise, and the fare for
passengcrs was reduced 70 about three cents per
mile
The increase the previous year in coal trans
ported the road is POS 7bS tons, and the num-
Der Of passengers and quantity Of merchnndisehave
augmented In about the same proportion
The cost of transportation for the year has been
diminished thus
On coal. :....: :....... 7 81 100 per ton.
On merchandise ...,. 5 7O-lOO
On passengers. n 4q-l00 per through pas,
senger.
The experiment., 10 introduce the use of anthra.
cite coal for locomotives, and TO which reference
made IN a former report, have resulted sue
oessfully. The engines constructed by Ross Wi
name, eco, OF Baltimore, have now been 30 long in
service 20 demonstrate that this coal be uscd
with success and economy. An engine contributed
by MIR James Millhoand, (mnster machinist Of
the company,) and several boilers altered under
his direction, exhibit the same result. Experience
alone can determine which Of these improvements
best attains the end. but both have proved suffi-
GENTLY successful 90 leave IL no longer doubtful
that anthracite coal will be adopted for use in the
locomotives Of the company. IL need not be stated
thn THE result is Of grave importance. The grad.
ual increase in the Of fuel, to which the com
pany have of necessity been subjected, is at once
arrested, and II affords new and extensive field
for the Of anthracite COAL which must tend still
further rapidly toincrcasc its consumption.
The Renewal Fund has been subjected 90 tie
extraordinary charges referred TO in tho last m
nual report, for the completion Of the permanent
repairs rendered necessary by the uncrsmplcd
freshet Of The previous year, and also to large out
lays 50 made as tO avert the evil consequences Of
a recurrence Of such disasters.
The managers believe that as the fund appropri-
stcd for renew ais IL ample for all ordinary pur-
poses, and as these salutaTy improvements have
been made 10 guard against serious damage by
froshots that the balance Of 7l6 % 10 the debit
Of this account, will be repaid by the usual appro.
prihuuu Oi the coming year.
No new locomotives have Lecn purchased during
the past year from this fund ten first class en-
gines had been obtained during the preceding one.
The business % the year hes been Increased about
twenty five per cent. There hss been no charge 10
capital account for ma hincry. No stronger proof
can DO given that has fully maintained its eff
cheney.
The allowance charged to this fund, paid to the
Mount Carbon and Port Carbon Railroad Com.
pany, was 90 compensate them IN part for extra
ordinary expenditures 20 repair the damages sus
taincd from The freshcs of 1880 in tho shOrtcft
possible time, and thus give 10 this company the
use Of large portion Of their machinery, which
would otherwise have been detained many DAYS
above Mount Carbon, alike detrimental 90 the IN.
tcrestE Of this company and TO the public
It may not be known 60 many Ui the propr., tyrz
oi this work that at the termination Of the road az
Mount Carbon the valley Of the Schuylkl is so
marrow that the space required for large en- zine.
houses and workshops is not 20 be obtained, aud
that these facilities furnished 20 this company
by the Mount Carbon and Port Carbon Railroad
Company, which connects at Mount Carbon, end
extends thence 10 Port Carbon, distance Of two
aud a half miles. To secure them, this company
pay an annual sum ofsbout S25 900 There uacks
and Improvements are essential 90 the business Of
the Companyj and the managers suggest that they
should be authorized % lease this road and works
connected with a. for long time, or. If more ad
vautaRfous terms can be had by purchase, that
they should be authorized 20 make il.
a table, showing the number Of accidents and
also tie number Of rails removed from the tracks
is here submitted eve omit de,ails.)
REcArITULhTloN.
From Jolly let to December let, lsts, / car
broken for every 4S5 tons Of conl carried.
In the year lsi) car broken for every 2 252 tol,
Ol coal carried
In the year s5O car broken for every 2f9O tons
81 coal carriri.
10 the year 1881, Cag broken for every 3,ll4 tons
y coal carried.