New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-04

The amour, expended on account OF
Ponds and Incidentsls, az the date Of
the last report was. ''.'....,... 7''''>''
TIL amount which hos been expended
Tor this account during the last nse~ q, .oo A
year, sass IS
-; H.. funded debt of the Com.
Pany Ms, ~ BOND payable in 1862 and 1863 in
tere.t y cent per annum, payable semi an 40 600 90
ngsy Bond: payable in isi interest ~
cent per ,n1 c5;d pssisS s.. charles and M.:,
sipp Air Line) payable in 1859 interest Pceh' ao5 q
peI annum payable semi annually go
Tho Second Mortgage provided for the issue OF two
;i;nns of dollars Of bonds Up to the first OF May
o.t there had been $9S 900 Of these bonds purchased
cancelled and surrendered to the Trustee on accY a.
the payment of installments due to the sinking
and there had been sold in the market, up o0i 600
IN the olth of March, the Board OF Directors pass
% resolution offering to the Stockholders the re-
mander of these bonds $996,OOO at seventynve pei
cent and the first OF May last TINS aSss and
When fully paid for, will yield the Company S.h Uuv.
The floating debt on the first OF May last, wa
s6Il SCI 40 The greater portion OF this amount 'as
due within four mS ts snS T Rands which are now
bepg RAPIDLY taken and paid for by the SUBSTITUTES
The original plans of the work have now all oeen h
carried out, except the completion OF tne oeeonu
Track, and few buildings al se'eiu VI 'n' ~
on the Fulton Line. hoar
constructed from the junction of the man ln8 WIN
tbe Fulton line to Fulton, on the Mississippi RIVER,
which completes the Geographic communication over
the whole length of both lines, and places al tle I'M
notart stations in direct communication with the gen.
ra Office at Chicago ana wIIn Ga ne, of the Chicago
burlington and Quincy Railroad, and OF that portion
of the Illinois Central upon which the JOINT ous'eSS
is done. ;o;D, oxrense Of
This Comnony and that of the Illinois Centra, us
MICHIGAN Central and the Chicago, Burlington anu an,
Quincy Railroad Companies, from tue uepo' ~" III,
South Branch of the Chicago RIVER 70 cohHTSt WIZ
the tracks and depot of those Companies. Inc pro,
notion Of the expenses which this Company has paia
for the right of way for this track, laying 1t down. ~c
is 500 Coo. ,,. c.,,r,,, ,h;ch
connects the South Branch Depot with the tracks OF
the Michigan Southern and Northern Indiana Rahroau
nv means of these tracks your Road has now direct
and convenient connections anu access 70 an. ~d Sou
wardy viz: to the Illinois Central, the Mlchigan
Central, the Chicago, Burlington ana quincy, 1no
Michigan Southern and Northern Indiana tne Ohcagoi
Alton and ST. Louis the Pittsburgh Fort Wayne ana
Chicago and the Chico 90 and Rock Island RAILROADS.
The Depot Grounds at the South Branch embrace
an area of about thrtysix acres Exclusive OF seets
of which this Company owns one unuiFuou ono'nn",
and Is also the sole owner Of about nine acres te1cu
sye of sreets adjacent thereto. These grounds have
an extensive water front the Chicago River along
the most of which substantial wharf has been erect,
cd large portion of these grounds have been hiled
up with gravel and about two miles OF side tracks
have been laid, chiefly for the convenience Oh the
shipment of lumber.
( commodous freight-house has also been con-
structed at this depot, to accommodate the inter-
change of freight between the roads above-named.
The expenditure for additional equipment during the
last year has been: o,,-oo
For locomotive engines. 81 8s
For cars......,............... s58SS ID
ACKNOWLEDGEMENTS. $lS6, 10 "
Heretofore the Illinois Central Railroad Company
has furnished the freight and passenger cars required
Cor the Joint business of the TWO roads between Uni
cago and Dunleith on the Mississippi RIVER ms ar
raSgement was found to operate GENEROUSLY upon ooh
Companies, as the length OF the line when was oPe
rated by this Company was nearly double tibet poTon
of the road of the Illinois Central Company USED Tor
this Joint business. modification in the arrange
meut was therefore made by which this Company was
to furnish the cars for the JOINT business and TO re-
ceye psead of the Illinois Central Company payment
for the use of the same in proportion to the mileage
over both roads $500
This change has required an additional outlay for
cars and there will be required further expenditure
of about $50 600 this account but it will increase
the net profits accrung to this Company from the JOINT
business.
The gross earnings Of the road for the last fiscal
year have exceeded those Of the preceding year by the
sum of $780, 800 81. ,.o,, a.,
There was received for interest .:........ $3.50 %
The surplus on the lst Of May 1856, aso62s 45
.....................s 2,sOoO52 30
The expenses Of the fiscal year have
been as follows:
For Operating Expenses ;.........*l, 2s5 i9s 60
For Interest paid Bonds lo9l4S u
For the Dividends paid to the Stock.
holders in February and AugusttD o- ,oooo
per re- nt::n ;:ii e., in:ioen,
to November. 1856, and May, 1857, o.n ,,..oo, n,
in the Sinking Fund ........... 46loo W 1oioS'| vi
Since the LIST of May 1856, all the interest which
has accrued on the funded debt has been paid out OF
the income, The amount which has been expended
for operating the road embraces large sum paid for
rerong iron rails for the purchase of new rails hes
chairs and spikes for the renewal and repairs OF the
track for the cost of permanent stone cuve Is sub
stued for the timber culverts originally constructed;
and for the permanent and temporary bridges and cu
verts which have been built to replace those which
were injured or destroyed by the unprecedented fresh
cts Of last Winter and Spring. and also restoring the
road bed which was injured from the same cause.
The estimated damage to bridges and other struc-
lures by the freshets is $50 goo. To replace these
with permanent structures will cost 81, 700.
SUMMARY
No. Of miles by freight and passenger trains 1861
No. of miles run by switching engines wood and $780,
No. oofmiIes run by c. b Q. freight aud passenger
trains Geena and Chic go Union Track... 1So 40
Total miles mn nv all trains 26 6if
No of tuns offresht carried one 1884,
No. of passepees carried one mile 40 9il
Aggregate mileage of freight and 1856
Earnings per mile run O. 81 09
Expenses per mile Il 1888 89i miles. ........ l2S
Per centase Of expenses to Observation-Disclosures. 53.64
to one tun c. LA
Cost OF maintenance Of way per mile run t,zlooH - .