Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1858-01-09
From which deduct net income,

lntctest account, balance. 1881 9l
si6iGaI 0l
From which deduct net income. lO7,s35 50
Leaving deficiency in the years business
oE sj3,7o6 -
When it is considered that this is the
first year in which the Cattawissa road has
really been equipped with machinery at
all adequate to its. trade, and that the de-
lay in completing the connecting roads has
thrown out all the calculations Of the years
business, the result oanrct be deencd an
unsatisfactory one.
In the planning aud execution of all
such great public improvements, the quOs,
ton for consideration has uniformly been,
whether the prospects of trade to be dc.
veloped by their completion were such as
to justify the expenditure. If SO, it has
always boen calculated that any surplus of
annual expenditure over The income, until
the trade was fully developed, was a lcgit-
innate part of the cost of constructing the
work.
Such wac the view taken in planning
and completing the Pennsylvania Railroad.
Interest was regularly p Ill on instalmonts
for years, and until the income from the
road enabled it to make regular dividends,
these annual disbursements TO stockhol-
dcrs were added to the cos of cons struction
In no other way can any important enter,
prise be achieved.
The managers ask no other considers
ton than this from the stock and bondhol
ders of the Cat'awissa road.
The Lackawauna and bloomsbury road
has already formed its connection with rul
own, and passengers and freight are being
regularly conveyed to Wilkesbarre and al
intermediate points. Opening up, as thi
road does, the rich trade of the Wy ,minl
valley to Philadelphia by our route, anc
furnishing an outlet for the coal of tha
region to reach the great iron establish
ments situated on the Cattawissa road, tht
importance of this contribution to our flu
ture income can scarcely be fully estima
ted, 81, ,.t...
The Macaulay Mountain Coal Compa
ny have also completed their railroad con
ncction with our road, about nine mile
east Of Cattawissa, and expect to suppl
not only the local demand on our route, bu
also to compete largely with the Shamoki
region, in sending coal to Elmira and til
northern markets; and on the opening {
the Quakake branch, they calculate 0
supplying the eastern and New York mai
kets, by that channel over our road, i
competition with the coal from the Scral
ton district.
This deposit of coal in the Macaula
Mountain is one Of the most extensive ar
} valuable properties in the State, and co.
tains many millions Of tons, in veins
from fifteen to twenty-five feet; al abo'
water level, remarkably pure and free fro
fault
The whole of this coal, as well as tn
of the adjoining mountains, finds the on
: outlet to any market over our road, an
if the product of these mines should be
= all commenspr wi h the fair expectatic
t and admirable preparations of their o@
( ers, the revenue to the Cattawissa Comp
y ny from this source alone, will, in yea,
t time, equal the interest on the first mortga
bonds of the Company.
I In addition to these valuable opening
o and far more important than all other pre-
b poets Of revenue to the Cattawissa compa
e is the Quakake Valley road, which b
# made great and rapid progress since
# annual meeting in May. Nearly five mi
Y Of the track have been already laid, lie;
e ing but seven miles to complete the conn
ton with the Beaver Meadow road. T
Il material for all the bridges is on the grou
d and Mr.. Osborne, the contractor, estima
n that, in sixty days from the period Of r
ommonciug the work in the spring,
J. whole line Gun be in working order. T
,r road has been almost entirely construct
q thus far, by outside subscription /; the G
10 tawissa company having temporarily
sumed less than $4,000 Of the total
is penditure to this time; ..t
Y. The Beaver Moadow Company hi
Of subscribed 500 900 to tho important c.
nection, on which they have regularly pi
,o the pro rata instalments a similar 81
70 scription was understood to be pledged
oe The managers of the Lehigh Valley r
- road Company, which it is hoped
assume the form of efficient assistance ca
IA in the ensuing season.
SO The coal, iron and lumber trade fl
n Pennsylvania, which will be opened ou
~