The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1870-03-24
THE HUNTINGDON AND BROAD TeP
RAILROAD.

ny to its stock holders. AT the annu-
al meeting of stock holders, held on
the first of February, B. Andrews
knight was re, elected President, and
j. p. Aertsen, Secretary, with the fol-
lowing board of directors: Rathmell
Wilson, C. D'Invilliers, John Dever-
eux, William Cummings, SamI J.
Christian, James Long, James w. Paul.
A. P. Wilson, Wilson Whitaker, Ed
ward Roberts, Joseph II. Trotter,
John B. Wood. The Gross Earnings
ofthe company for the year 1863, were
1901, ,1s4 43i, an Increase over last year
of $50, SIS, %. The expenses for 1869
were s18t, 1885,. ~, being 1903 per cent.
less than in 1868. The Net Earnings
were $li9, 1855 an increase of4I.G 80 per
cent over last year. he number Of
tons of freight carried over the COM
pany's road during 1869, were Al, 1882,
of which 360,77S tons were coal, the
whole tonnage for the year exceeding
that for 1868 to the amount of I09, l22
tons.
This is a very gratifying exhibit.
The increased earnings of the eompa-
ny have enabled the management to
make improvements, such as filing up
trestles, strengthening bridges, &C..
which in the language OF the report
have greatly increased the safety and
stability Of the road and superstruc-
lures, and also contribute largely to its
more economical operation" 1t is
complained that the number OF coal
cars, supplied by the Pennsylvania
and Philadelphia and Reading r, r.
Companies is entirely too small TO sat
isfy the wants of constantly augment
stacle during the past year the coal
shipments would have exceeded the
amount reached fully 100000 TONS
There is a probability, however, that
those companies will add 700 addition
al cars to the number now in service.
The board of directors express pleasure
in acknowledging that the satisfactory
results of the business of the company
are largely due to the efficient man
agement of ]. MeKillips, Esq. Super
intendent, and John Fulton, Esq,
Resident Engineer.
The report refers to the project of con-
structing a railroad to connect Bedford
with Mt. Dallas, as follows: "a move
"ment has lately been made by the
'citizens of Bedford county and 9TH
"ers. to construct a railroad from the
"toWn of Bedford to Mount Dallas, to
connect at the latter place with your
railway. They propose building this
"road under the charter of the Bedford
''and Bridgeport Railroad Company
''and when it is finished, to lease it to
"your company. 1t is very desirable
land Important that this road should
"be built, but as no definite route or
"plan h ,s vet been agreed upon, it is
"probable that some time Will elapse
"before anything practical is accom-
"plished." The writer of this has,
however, been assured by gentlemen
who are deeply interested in the con-
struction of the proposed road from
Mt. Dallas to Bedford that feasible
plan for raising the means necessary to
build the road has been devised and
that lhe route will be surveyed and
put under contract In the course of a
few months. The sum required to
grade the road and lay down the track,
is estimated at sI5O,OOO. 1t is proposed
that the road, on its completion, shall be
leased to 0theHuntingdon and BroadTop
Railroad Company, at 7 per cent. per
annum on the cost of construction. 1t
is doubted whether the latter compa-
ny are willing to pay 7 per cent, but
wepresume they would be willing to
pay 6 per cent. With the assurance OF an
annual return of per cent. interest on
their investment, it will not be hard
matter to find capitalists who will SUBJ
cribe the sum necessary to build the
road. Such guaranty should induce
the people of Bedford and vicinity TO
subscribe nearly the entire sum, them
selves. Indeed we have no manner OF
doubt that If the Huntingdon and
Broad Top company furnish L. T.
Watson, Esq. or any other active, in
teIiigent and reliable business mau,
written guaranty that they will pay
per cent. per annum on the amount of
stock subscribed to build the road, the
required $3.50, 900 can be raised in any Of
the eastern money centres. Meanwhile
let our own people hold themselves in
readiness to respond literally to so fair
a proposition.