Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-03-09

The expenses OF the Main Line were SVU,Slo 10
Net earnings, sl,l5s.I93 81
Receipts Wrightsvillc Branch, 1887 IS
Expenses, 26,62l 81
Net earnings, 1915 64
Receipts Shamokin Division, 34sl3S II
Expenses, 2l7746 ~
Net earnings, Sl3O,S9l 81
Division, 7o7. .376 so
Expenses FOL $50 90
Net earnings, s5,726 81
Gross receipts Main Line and
Branches, 4,0i2l25 %
Gross expenses 2,746,S3 Is
Net earnings for the year, Sl,295, ,2SS 50
OF which has been applied TO the
count. 433,26s 70
Dividends Is per cent? S6l ,469 00
Taxes on dividends etc, 27,O2S 70
Sinking Fund appropriation, $4,000 w
Rent of Wrightsville Branch, 4,57O eZ
Rent on Shamokin Valley and
Pottsville Railroad, 81 7T 80
Rent Elmira and Canandaigua
Railroads, l9l, 900 Oh
Extraordinary expenses Elmira
roads, l27,2l4 S5
Making total SO applied, $!,2S0,063 s.
ordinary work done on the Main Line, the
operating expenses of the entire road for the
year has been 65 4-10 per cent. of the earn
ings-about the same us the previous year.
The report states that, owing to the in
creased length of line worked during por
tion of the year, a correct comparison OF the
receipts and expenditures thereof with those
of last year cannot be accurately made There
has been a falling off of 1886, ,4G' O5 in the
receipts of the main line-$S0,87l 26 less
than the amount received the previous year
for transportation of troops. The tonnage
has increased largely, but the rates have de-
creased. When a reduction in labor and
material can be made, to correspond with
the reduction Of charges, the condition Of the
road ana its equipments is such that there
will be no difficulty in reducing the work
ing expenses below 60 per cent. of the earn
ings.
! Reference is made to the rapidity with
which the iron rails wear out-they only last
! ing now four years-causing an expenditure
in maintaining the road which tell severely
upon the working expenses. The increased
speed Of the passenger trains, and the increase
in weight of the engines, and the increased
tonnage, may account for this fact. The
mortgage of $l50,0O0 due on the first of Oc-
tober, 1865, was paid and the bonds destroy
ed. To meet the mortgages paid to the city
Of Baltimore ard for the purpose of purchas-
ing additional equipments required, a new
mortgage of s2,500,000 was created, and
1924, 500 OF the bonds sold. An arrange
ment was lately entered into between the
| Pennsylvania railroad company and the
board. by which the Elmira and William
sport, and the leased lines north of that road
are to be worked for the joint benefit OF
both companies-the former company di
yiding with this company any loss or gain
that may arise out of the lease by this COM
pany of those roads. During the year five
engines, two first class passenger and lSC
freight cars have been added to the equip
ment, at a cost of $278,2l7 80. Some addi
tional coal cars will be required during this
year.
The number of passengers transported
over the main road and branches is 5,006
travelling an aggregate distance of 20,33l,
OPS miles. The total amount of freight
moved was 2,073,736 tons, an increase OF
,9G5 tons over the preceding year. Ol
the above freight, there was 959, ,lS9 tons ol
coal, an increase over the previous year OF
232,S70 tons carried over the following
roads; Northern Central, 303. lS9; Shame
htH Nuilcy unu IOttSNlIc, oof ,UVV, dHi tIt
Elmira and Williamsport, 10000. ln addi
tion there were also transported 50.400 tons
for the immediate use of the Company
There has been slight falling off in Goa
carried to Baltimore Any considerable in
crease to the through coal business. cannot
the report states, be expected until suita
ble outlet to tide-water is obtained.
The Board at the last annual meeting was
authorized to negotiate with the Columbis
and Port Deposit railway company. Tc
some extent there have been negotiations
and there is now a strong probability thai
that road will be commenced at an early day
aud pushed forward to completion. The
local tonnage of the Shamokin division wa!
557 900 tons, an increase of $4,000, and o
the Elmira division 10000, and increase o
10000 tons. AS anticipated in the last re
port, the through passenger business has di
minished. The local passenger traffic has
however, increased. For some years th,
policy Of the company was to charge the ad
ditionai equipment purchased and put OF
the road to the ordinary working expenses
Now the company has an equipment worth
at gold valuation, $a,iSa,OO, instead of 81,
882, 900, a. represented upon the books
! tho difference amounting to t75o, 900. This