The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-06-22

1858 in 1862; and Asa, 628 in 1865-beine
an incroaseS of 236 ,260.
were ss,412.2a
At the rate of $5.11s.s9 for the
year. -tfs.
The NUMBER Of tons ca-rid. were 164,9si As
No. # barrels petroleum carried 42),795
The gross earnings of the Eastern
Coal Fields Branch and Exten-
sion for seven months, were $40 ,a74.3 S
The net earnings were Sl2, 1855, 29
The amount of capital stock issued to
the end of the last year was SLIGO SOC:
first mortgage bonds S., 500, 900; second
mortgage S956 900. The receipts have
increased from $4,000 in May to $751;
COG in December of 1868; being in very
much greater proportion than the ~increas-
ed milage. The n port states:
1.-The ronte Of the Atlantic and Great
Western is now nearly completed fiom
Pennsylvania through the adjoining State
of Ohio and at the borders Of thai State
it will affect a junction at Dayton with
the existing Cincinnati, Hamilton, and
Dayton line, and will be continued from
Cincinnati by the Ohio and Mississippi
Railway to ST. Louis.
at is a gratifying fact that, in tie face
of the most adverse circumstances, the
line has been fully completed and equip
ped with rolling-stock By the perseve-
rance and energy of the contractor, james
NcHenry.. 1t is a not less gratifying fact
that the experience of the past fully JUS
titles the belief that the Atlantic and
Great Western Railway line will not only
realize the anticipations of its friends, but
that its business will greatly surpass all
predictions made. 1t will, as one of the
great arteries of the between
the at antic and the great West, secure,
by its unrivalled facilities fer freight
transportation and its superior accommo-
dation' for the convenience and comfort
of the travelling public, beyond all doubt
a large o fthe present and eyer-incrcasiDg
business of the country."
For the north of Apail, when only 322
miles of tina road including the maho-
ming and Oil Wells branches, were in ope-
ton, the receipts were upwards of $780,
600, and would have far exceeded that
sum had the Erie Railroad been prepared
for the large increase Of business thrown
on their line. But even at that rate, af-
ter allowing fifty per. cen:. for working
expenses, a net profit would accrue OF
Sl,260 600 per annuni, while the interest
on the first mortgage bonds only requires
$685.. 600, add on the second mortgage
bonds S406, 600, so that the present earn
ings show an excess of 1929 600 beyond
payment of interest on 6rst and second
mortgages.
The unfinished condition of the road'
rs taken from the contractors, has render
ed it necessary to make considerable ex-
penditnres in completion of .earthwork,
masonry and b lasting, ard in the in
crease of engines and cars. Z.
The report states in conclusion: cit is
n subject of c~ongratulation that our bust
ness has during the past year, so largely
increased, and in great measure from local
traffic, facilities for a large thorough
freightage not being perfected in time to
be Of much benefit With the great local
business which will be obtained by the
nearly completed extensions Of this rail-
way into the oil, coal, and iron districts
of Pennsylvania and Ohio, the stock of
this company must become highly remu-
peratiye; and the great through traEse OF
the Valley OF the Mississippi, which it
will command when the western connec
tons are made and rolling stock supplied,
will unqnestionably make the Atlantic
and Great Western Railway ons Of the
most valuable railway properties an the
United Stutes." So LaeA |
The second section Of the line is that
which runs through the State of Pennsyl-
vania, which, like that Of New York, is a
dis met company, and Incorporated by
legislative authority of the State. The
of road in this State is SO miles.
and the rapidity with which this part of
railway has been completed has been
most remarkable. Tn addition to this
main line Of % miles, an Eastern Fields
an Extension has been completed
md worked since the LIST of June Of last
year. A Western Coal Fields Branch,
12 miles in length. is rnder contract, and
will be shortly completed, A central coal
line has also been surveyed.
1t will traverse the, extensive coalf1elds
IF the Mercer County Coal and Mining
which covers an area of nearly
acres, and possessing in several
parts veins of excellent coal seven feet in
thickness The cost of the Main Line |
and Eastern has been S5,634, 039; the
for the eight months of the year
was S317,340; the EXPENSES Sl69,3O3;
net earnings available for interest
s4s ,Q37. -
The expenses include extrao rdinary
repairs incident to a newly finished lice,
would properly belong to construc-
ion account The traffic uron :he line
has hitherto been almost entirely of q To-
character. the. threugh freight to and
from the West not having been as yet
for. The earnings of the COM
have, However, been very satisfacto-
y.
number of passengers carried,
inclusive of those on the Eastern
Coal Fields Branch and Exten-
sion. were SI45, 2ls
Averaging 81 II II miles to each = -,qs
passenger.
gross earnings of the Main
Line per mile for eight months,
ID t~sa
T,,. Oh Q6f ~ HE raSf1an,n s.. Haas