The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1860-03-30
$I29,793 80
36,662 so
$Il5,727 so


Il was the intention of the Board at the COM
mencement of last year 10 resume the regular
payment OF Coupons on the Isl Of October last,
Dot trade not reviving IS was expected they
We're compelled 10 ask boGdholders to take
certificates Tor two coupons more. i large
number have consented to this arrangement,
and il in few months more the Board are
prepared to promise positive resumption OF
payment of interest on the 1st Of October next,
we think bondholders generally will agree 10
accept certificates for their Coupons maturing
previous to that date. The coasummation Of
SUCH an arrangement will certainly add much
| TO the market value of their bonds. The IN
teresl on certificates issued for Coupons is
regularly paid half yearly.
i has been the policy OF the Board since
| 1887 to avoid liabilities OF every descrp-
lion, and but.$5l7 so mas been added TO tine
Construction account, in 1859.
That the Road and Mines are daily becom-
ing more valuable the Board are fully satisfied
,sl7el tlrir ef,s,E alteutvu h--< oeen directed to
ttae means most likely 20 preserve them to the
stockholders.
With the accumulation of Coupons it will
| be asked, has the condition OF the company
| improved-we think il has very much.
4 large proportion of the Floating d-bt has
been paid off by bonds and preferred stock, and
| by the earnings OF The Road.
! The Mines VI the Region, oS we'll those Of
| the Company as of individuals, have been de-
veloped and their capacity enlarged, market
constantly increasing has been established for
the coal, and the modes OF transportation I'M
proved.
TIE general business ofthe country, too, ana
more particularly the coal trade, is Just ener-
ging from an overwhelming crisis, such as oc
ours but once in twenty years. Under these
circumstances it IS not unreasonable to expect
the coal tonnage soon 70 reach such an amount
as will not only pay interest on both loans,
but leave q handsome surplus for other purPo-
ses.
From the report Of John Fulton, Esq, il will
be seen tha. the Bedford Railroad Company
Twill soon have the twelve miles of their road
3etwcen Hopeweil and Bloody Ren graded,
and that the remaining distance to Bedford vii
soon be put under contract.
The attention Of iron manufacturers is re-
specially called to the valuable veins of iron
ore, both along the Broad Top Road and the
Bedford Road now making, and the great iacilI-
les afforded by them, together with the coke
of the region, for The manufacture OF IRON.
The Board desire TO express their obligations
to the President and Directors the Pennsylva-
MA Railroad Company for thu disposition shown
| by them to encourage the trade Of the Broad
| Top Region.
| They would express, also, their continued
confidence in John j. Lawrence, SUperinten-
dent, John Fulton, resident and Mining Engi-
neer, and the other employees of the Company.
By order OF the Board,
] L. y. WATSON, President.
STOCK ISSUED.
Common Stock, ,983 shares, $54l,650 90
Preferred Stock, 72+ &c 80, 200 90
1856 shares OF Preferred Stock
| have been sci aside for the
payment OF creditors under an
agreement maturing October
10, 1861.
Issue ALLOWED BY LAW.
| 5000 shares Common Stock.
! 5000 do. Preferred Z"
THE RECEIPTS AND EXPENDITURES
In the Report OF ,he, Board of Directors, being
| made up from the report of the Superleten-
dent, it is not deemed necessary to publish
the latter in full
EXTRACTS.
| The Receipts per mile OF road, estimating its
length OF AZ miles, were as follows:
Coal Freights, 81 ,476 IA
Merchandise, 100 90
Royalty, 90 SO
Passengers, I25 GA
Mail aud Express, 80 90
Miscellaneous aud House Rents, % 90
Whole Receipts per mile Of Road, 1892 OF