Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1857-01-20

Increase $40 8I3 $i997e6 $3.50 q
An aggregate of 1885, O40 passens or
tons of freight carried one mile in $50,
against 1904, l72 passengers or tons of freight
carried one mile in 1856
The comparative result of the two years
work may be thus stated. In 1855 it cost the
corporation ! 9l5-l00 cents for each passeu-
ger or each ton of freight carried one mile |;
in 1856 it cost l 1917 1000 cents for the same
work; or call one ton of freight equal to two
passengers, and the cost Of this year work
is for each passenger carried one mile l48-
1000 cents. and for each ton of freight carried
one mile 1885, 1000 cents, against 235 1000
cents per passenger per mile, and AL 1000
cents per ton of freight per mile in 1866.
We quote further from the report -
dit will be remarked that during tie past
year there has been large increase of bust.
ness over that of any former year. This has
resulted partly from slight increase Of the
tariffs, but in larger measure is owing 10 the
natural increase of business ever the line.
Since the opening of the road to Albany in
1912, its gross receipts have more than quad
rupled. The time has now arrived, in our
opinion, when the ability of the road to earn
semi annual four per cent. dividends, has
been demonstrated, and when the fact that it
will continue to have this ability should he
regarded as beyond any probable contingency.
slow but steady increase of local business
along The line, and large and constant in
crease OF through business resulting from the
rapid developments of the resources of the
Western States, may confidently be anticipate
ed. To enable the corporation to perform its
present business with facility and economy,
the extension of the double track over the en-
tire length of the road is required Finan-
cially the corporation are now in such strong
condition, and its future prospects are so
promising, that the directors have deemed it
advisable to commence this work without
longer delay, and accordingly they have or
dered that the construction of from twenty to
twenty five miles of secoud track shall be
completed in the course of the ensuing year"
The details OF the business of the road have
been unusually well performed for the year;
only one passenger was seriously injured, and
that from his own misconduct; and so close
have been the collections, that only 1882 of
bills remain outstanding.
The construction account of the Western
road amounts to $40, 495 ,504, and is backed
by So, 100000 of stock, and S5469, 52O of
bonds. The sinking fund established to meet
these bonds when they become due, now
amounts to ST., 642, 241, or an increase Of 1873.
r y PN0
lor construction, ana charged IN that account,
exceeds by $326,063, the sum realized from
the construction funds.
The road has subscribed for 1908 shares in
the stock of the new bridge over the Hudson
river at Albany, or Sl0S, 900 out OF the CAPT.
TAI r o. nan milton.
Inc NUMBER OF through passengers CWor-
ees'er 70 AloanyJ IN IN 1906 was $685. OF way
ooo,449' to'al o. 'oSo--ln 1000, through oO,-
oot' way ooo'olo' tota! o9o'9fi. Inc second
oiass passehsefs ~ 5ooo were ABOUT II, ~ per CT.
u lne Wnolc' ~ 1000 ABOUT .. Inc Helght
gong "esI ~ n !ooo was tnto oa boston 70
loailyJ oo'Vot soiis' way lot'o9o' totai io''-
!oZ; that gong east through iron Albany
90 10 p oSo oz'oH TONS way Zdo,4ol' total
aoo'oto IONS moved 4lo.oi0' against
o9o,o49 III 1000. ms lhcaease IS IN lreisht
gong west IRON boston the iTeight gong