The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-04-29
The Casawisss Railroad. .


We have jus been handed ihs Ias report
|of fhe President OF the Caiawissa, Williams.
| port and Erie Railroad. Company, which i
full OF information. This work is daily be-
coming of more importance, as is shown by
ihe monthly returns Of the business over II,
las well as by the attention which its stock
and loans command on The stock market As
at present worked, the Cstawissa road con.
necis, by way OF the Little Scbu, kill and
Reading rosda with Philadelphia, though il
was originsH5 designed 10 connect with New
York A very Iafge amount of money was
expended on II, ard is now in il, though il
cost present owners probably less Than one
fourth of IFS capital. The Quakake Branch
Of the road, by which twas intended TO con-
meet the company e coal fields, at the Summit,
with the Lehigh Valley RsiIroad, at The juno
tlon Of that road with The Beaver Meadows
Railroad, in all probability will be opened at
no distant day. The road was graded some
years ago, and the means u is said, are now
ready al New York 10 put down The rails and
equip il. This done will give the Caiawissa
Railroad the advantage Of the New York as
we'll as the Philadelphia market, in compsti-
stion with the Erie Railroad for share of The
trade of the lakes. During the latter part OF
last summer the Caiawissa road was put un-
der efficient management, aud the Presijen,
of the Wiliamsfort and EImira Railroad was
induced TO accept its Presidency. II Is well
stocked ssskpA continue to be vigorously
worked. The floating debt has been extin-
guished, and such arrangements made ss, il
is alleged, will insure the continued payment
I of the coupons on the funded debt The en-
lire amount represented in the road, including
fconslruction, depots, equipments, etc., is sa,-
s722,0l6; nearly the whole of which went di-
feclly into the road. The money expended,
il is believed, purchased more of labor and
material al the time of ils expenditure than
such sum would now command. The cap
itai is 81, 500, 900; income bonds, 1921, 500;
chattel 10 per cent mortgage, si22 800, aud
10 per cent bonds, $40, ,000-in all So, ,6I4,-
oo0-exclusive of si0s,O! Of floating debt.
On the 3oih of Angus, last the report shows
The Company's liabilities and estimated in
come as follows:
Interest at Z per cent. on
s first mortgage bonds, $500 900 sic5, 900
Interest at per cent. on
the income bonds, 22l, 500 IA sos
Hlnterest al 10 per cent. on
bonds subscribed 1872, 500 1s.25o
& Interest on floating debt,
j say 10 per cent, as if
a funded 1os,0is I0.s02
8 $3.50, ,557
4 The present business OF the road may
3 fairly be taken at $50, 900 per mo-,
5 though il is believed thai it will
4 average, through the ensuing year,
q considerably over that sum $3.50 900
sOperaling expenses 80 per cent. Is0. 900
j $3.50, 900
. The Caiawissa RBilroad extends from near
'5Tamnqua 10 Milton, and ruEs through re-
4sion full of coal, iron, elc. The Company
Gowns about 1900 acres of coal lands, estima-
.ed 10 contain Two millions OF ions of coal
'aThe Quakake Branch alluded TO passes direct
lily lhro' this coal property and on This account,
las well as in view of the vast importance of a
New York connection, deserves attcniion.-
i Ledger.