The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-04-02

TIE CATAWIssA RAmRoAD-ANEUAL MEET
ING OF THE SToCKHoLDERs.--Th annual meet-
ing OF the stockholders of the Catawissa hall- ran,
road Company was held at noon to-day, AZ Jhe
Office of the Company. No. 4A Walnut street
The annual report of the Directors was reau, %
the yeai ending December 81, 1866. The amount
OF capital stock Issued up 10 date bad been;- oo
500 FIRST mortgage per cent bonds at $780, gso
2,s23 shares common stock at $5O..... LIZ 0
bper cent chattel lbonds..........",......'' H'oVO
s8,5l44OO
LS dncaiOH of list m morsaSe bonds STSS $500
s9,5ol5eO
Authorized capital n OF yet issued .,o, oso
202h shares preferred stock AT 35O."...~fl0l,25O
367 shares common stock at S50...-. 1880 40 eno
Total oaptaI 61l LEO
The business IiansacCed by the road during
the year is shown in the following statement;-
In 1866 the number of passengers moved 0ne dae
mile was 3,8l55GO, yielding Sll2 l792 %: In @ lS66
the number was 2S5S732, yielding SSS s95
adecrease of 95S, ,732in passengers aud OF oZo'l0S
During 1865 the total amount OF freight trans
ported one mile was 9,S69,O55 TONS yleiulhg
In 1866 the freight traffic had increased to
Ii5g5O8oO tons or 65 per cent yieldlng Ing cant cont
The gross receipts during the year amounted
70 S5Sl, 1868. From this must be deducted
S6l,64l'3O, for rent and use of connecting ran.
roads, leaving the earnings Of the road at
AS6,594T6, which Is equal to T,4S6'U ior eacn
mile OF track. Ine working expenses WesIe VI
per cent. OF the earnings. amounting TO S3ll-
42O66, which leaves Sl75, l74l2 as the net pronts
of the year.
During the year S7260I'98 were expended in
new work and extensions to ACCOMMODATE Ihe
increase in the tonnage ofstbe road. The report
accounts for the diminution in the passenger
traffic in these words:-
"The dminutlon in the passenger business Is In con-
siderable degree attributable not only to the failure OF
the Pennsylvania Railroad Company to comply with
the contract Of the 2st of April, 1865, made with
the Catawssa Railroad Company, but also 10
the entire withdrawal OF all interest by them In the
busintss common to BOTH and existing before said
contract The effect OF this attempt to force business
away from the direct route TO New York over our
might have been readily foreseen In giving the profit
able bulk of this common through trade and travel TO
ut is to be hoped continues the report. that the
unwise and Improbable discriminating policy prac-
tsed against the Catawssa Railroad by ts immediate
Elmlra ana Williamsport Railroads, may be soon so
changed to yield hereafter profits to all Interested
and thus surely avoid the losses annually admitted TO
both OF these railroads."
The report contains extracts of favorable
character from the recent report of the Atlantic
and Great Western Railroad, showing the rela'
tions of that concern with the other railroads
OF this State and Of New Jersey, in connec-
tion with the Catawissa road.
The report states that, owing to arrangements
lately concluded with the Philadelphia ano
Reading Railroad still further increase In
the business of the road during the current
year is confidently anticipated, The net earn
ings of the year have been, by advice OF coun
sci, placed 10 the credit of the rental account
due by the lessees, the Atlantic and Grea
Western Railroad Company. AS soon as Jhl
| can be properly adjusted, II Is proposed to maxi
division among the preferred stockholders
| on account of the interest due them. This, 1t 1
eXI ected, will take place within months
time, The meeting was very harmonious, ant
| everything passed of to the satisfaction of al
Interested.