Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1858-02-11
T54,nss
There is a balance of
l,lW,la n

There is balance Of Inn Il
which IS more than sufficient for 49,, n /
Eight per cent. upon the capital of The Coma
ny.
Any additional allowance for detpr;o,.;.
would seem TO be unnecessary, but if We ~.
Si75,6T7 to contingent and Renewal r.
there would still remain 1894 ,473 ei wbisI
equivalent to dividend of seren per cen, ~.
the present capital of the Company.
The whole number Of passengers carr;.,
tween Philadelphia and Pittsburg is eonir. =
TO 1858 passing over the whole engis 4
the road, showing decrease of 5.04O mass.
gers. Upon the Harrisburg and LapcsSs
Railroad Ceased by this Company. addineS
number carried over the Columbia branssr 4
equivalent distance was l40 329, being 3g|
less than the equivalent through passengers !,
ried on the Pennsylvania Railroad sbovn|
that the local business Oh the Pennsylvania Ri
road, though traversing mountainous rem
intersected by rich valleys, 10 be gresterIlz|
that of ITS associate, though passing for n
whole length through the wealthy and pn,sr
Gus counties of Dauphin and Lancaster
The gross earnings Of the road for fpsl|
during the year were S3.37G,5l6 26, bensu
increase of Sl32, ,2e4 So.
The year 1858 will be the first under vLA|
the whole line from Philadelphia TO PttstsdI
will be operated by the Company, and h,
this period the accounts of the COMPANY willy
kept so as to be of greater value for future n
essence in exhibiting the development d AI
traffic of the line.
The report gives a condensed sketch Of BAL
purchase of the Main Line, and states ts|
bonds of the Company far the amount ~ 81.
| 000) have been delivered 10 the Treasured
| the Commonwea III. Provision has been usa
for the gradual eAtingulshmeut Of the dsa II
CURED by the purchase Of the Main Line. TI
canals purchased were found in a very dI,r
| dated condition, but the purchase is gOOdaa|
! for the Company, inasmuch as the whole l.I
| can now be operated with greater efhceDg
! The Columbia Railroad was found in befs|
| order than the canals.
| The report says, that the Company laval
/ just claim on the State for certain heaTy ri
| pairs, &C., made on the purchased railrOst
which accounts for seemingly heavy OaagI
on this part, now known as the PhlladspAaI
| Division of the road.
The ordinary running expenses Of this p&|
tion of the road, have been largely reduced
and will be still further curtailed as cirrgn-
stances permii.
Upon the other portions Of the road ihs
creased expenses are mainly due 10 the n's'
sed tonnage transported, except for the isz
of iron, rails, &c, and repairs Of bridges
The prevailing low prices Of labor and Oh
terials will be sensibly felt during lcSs ID
will fully compensate for any ANTICIPATED .
crease in the business of the road.
But little progress has been made win
second track on the Western Division anh
of second track have been laid, with u En
of sideings and q single track branch to Inans
containing 90. miles. On the Eastern Dltsn
| 70 miles Of second track and l23 miles O wv
ings have been laid. The branch from Ala's
to Hollidaysburg, eight miles in length, Ih.
ing sideings, is equivalent to 10 miles ol ssa"
track. S1,0SS, 1886 36 is yet required "
| plete the double track and substituting y
bridges for the present wooden ones, exp
the Susquehanna bridge. n
The remainder of the report discussa 4
connections of the Pennsylvania Railroaa Ds s
| the Pittsburgh, Fort Wayne and Chicage ~
road, and their other important eonnee'..s
| The rolling stock is considered amply sa@s
tomeetany demands which may arise inc ~ -
year. The necessary changes which nass
made since the purchase of the MAN la5s ass
the manner Of conducting the duties ~,
General Superintendent, and the iass 's l'iI H,
tions of Messrs. Spangler, Farnum s% asst
penter, are also alluded 10. The vasanaN aasrN
the Board Of Directors have been Wv
appointment of Messrs. John HUME y
Rosengarten and Wistar Morris.