The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-08
LEHIGH VALLEY RAILROAD.
Annual Report TO Ltbe StOckhOlders-
OperntiOns DMrImG the Wear 1865.

Annual Report to 1.-THE StOckhOIders-
Operations During the Year 1868.
From the annual reports OF the President and
General superintendent of the Lehigh Valley
Railroad, we select the folio oWing;-
During the past year the coal tonnage over
the road has sho Rn larger increase than usual,
the growth OF business and new arrangements
to secure trade 10 the line having more than
Coul tel balanced the effect OF the opening OF a
new outlet TO market competing with 1t for the
same traffic.
The total number of tons moved was 2, ,6O3, ,103
against 2 0S0,l ,l57 in 1867, making an increase OF
522 946 tons, or 25'I4 per cent, of which amount
2O4 O26 tons was delivered to the canals for snip
ment in excess OF that given them the previous
year, leaving 3ls,92O tons as the net increase
on the line below Mauch Chunk was 2225,63O
tons.
The receipts from transportation of
coal have increased over those for
the previous year $572GO7
And those from passengers, and
mails, and miscellaneous frelghts 56 9O7
Making a total increase of receipts OF S629,5
wear were $4, 465 400
EXPENSES @ s Of conducting the business 2,5Ol, ,2s8
Net earnings. $I,964, ,lO9
Out of which the usual quarterly dividends OF
% per cent. each, amounting to 10 per cent in
all, were paid.
The above includes the receipts and expenses
of the Hazleton Division for the last six months
the merger not having gone into effect until
June l.
of the Pennsy lvania and New York Canal and
Railroad Company, and thirty-three miles
between Wilkesbarre and TunEhannock have
been brought into use during the past year. The
completion of bridge at the latter place will
soon enable the company to use several addi-
| tional miles OF track already down, and most of
| the heavy work is done on the whole fifty two
| miles from Tunkhannock to Towanda, from
uli
operation to the Erie Rail way, at WaVerly,
| distance of twenty miles, for about one year.
| The local traffic on the portions opened has
| exceeded the antclpatlons.
As stated in the last annual report, there had
| been expended, on the eX eusion from White
| Haven TO WIlkesbarre. over $500, 900 more than
| the amount received from the issue OF stock tor
that purpose. II was also estimated that Sl, ,5OO,-
| COO more would be requlIed during tue
| past year to complete the railroad along the
| North Branch of the susquebanua river to the
| Erle Railway at WayerlY in New York. To meet
| these expenditures, and tor the purpose of pro-
| vidIng means to increase the facilities for doing
business, and also TO enable the company
| 10 withdraw, by conversion, or payment at
maturity, the outstanding bonds Of the com
pauy due in 1873. the Board directed the exc
cution of a mortgage on the road aud branches
for the sum of So, 900 600, to secure the payment
| of 5000 bonds for $1,000 each, TO be either
coupon or registered, and 10 bear interest at
the rate of six per cent, Tree from State or
United States taxes. or these bonus, a sut-
6cient number have been set aside tor the con-
version or payment of the old bonds, and also
of the outstanding bonds of the HaZleton Ra l.
road Company, ana the balance are applicable
10 the general purposes OF the company.
Al the end of the fiscal year NOV.
| SSi SSii Iea @ shares SIG O59, $50
| Olo hoOds outstanding 1862, 900
4a.t@tnn Railroad Company bonds l49, 500
NoS bonds l.9l7 900
| Eioa,i,o a debit 1858 62l
Total 500, ,350 27l
The amount of the bonds OF the Penns IlVanla
ana New York Canal and Railroad Company
| ned by the company, including some yet to
| he racaived I'm aettlement for work done. Ia