The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1870-03-21

Increase ss above stated......$ 1884 &
The apparent decrease in first class pas
| ,sngers, shown above, is explained BY the
circumstance that there is included in the
earnings Of 1865 for military transportation
iue IL previous years $ll3,433 29,
whilst the collection from the same source
N 1869 were but $5,655 66. By add
rng this amount to the reported decrease,
and deduosing the sum from that received in
1868 ($ll ,433 24-l00l, 1t will have An act
dal increase of first class passenger traffic in
1869 ever 1868, of SIS, 5,944 75.l00.
The gross revenues for 1869 are equal to
s48,lS6 81 100 per mile Of the main line of
ra,lroad.
The whole number Of passenger carried in
1868 was 3, IA, rs, and in 1869, 4,22S. 1863
AN increase in the number carried of 49,.
io5, or nearly l3 per cent
The Philsdelphia & Erie, part of the
pennsylvania Centra, passing through .,
'psrsely settled country, and being com pell
I'd to charge low freight tariff, was operated
~ith a loss TO the Company of $6l,5l2 &C,
which is 81 sol. SO less than in 1868. This
eesuit is due mostly to the economical man
sgement, A. 8. Tyler, its General Superin
.eudent
The cost of grading and tieing this but
partially bsllssted, and without equipment,
Sas nearly SIC, ,O00 600, with single track
alone, while 358 miles of the Pennsylvania
CENTRAL with double track, laid with heavy
sron we'll balasted, including third or sin
lie track of 29 miles between Lancaste and
hiddletown, and branches to Hollidaysburg
and Indiana of &c miles, in all equal to III
miles of single railway, exclusive of sidinRs,
arspresented by $2l, ,024.56, differ
,nce of less than 81 100000 upon the cost
If over 265 per cent. more of single track
railway.
This is owing to some mismsnagemsnt
and financial sacrifices incurred in its con.
,truction.
These facts are referred to at this time
,nly to show why it is that the shareholder
IF one of these lines have received regular
iividends, while the other line has been
unable TO earn them.
The Pittsburgh and Fort Wayne, another
branch of the Great Penn sylvanis Central
shows the following returns:
The earnings of the Pittsburgh,
Fort Wayne = Chicago Railway,
under its lease to this com pany,
for the six months ending De-
cember 81, 1869, were :.....-.... -, lac, 882 q
And the expenses during the same
period wero 2,s2s,o05 o.
Balance.-.................. 1880, ,7s6 80
Tho sc emi-annuAl rent, with the in
terest on the bonds of the com
pany, expenses of maintaining
the organization, contribution
to sinking fund, ETC., ETC., am
ounted sl,2s3,ss1 81
Showing profit in the operation
of the lease of....................... s36,7a4 As
The revenues of the lines operated by
this company, and the amounts paid for
their working expenses, interest and divi-
lends, are as follows:
From the Pennsylvania Railroad
and branch -. ...................$l7,25 $50 s11 70
From the Pittsburgh, Fort Wayne
A Chicago Railway, for six
months, ending December 81,
l46,So "
From the Philadelphia d Erie
Railroad. S,zo1,1oo ~
Amount. $500. ....-s74, 500 ,sss "a
And the expense Of operating those
lines were:
Pennsylva.ia Rail-
road ,205, ,267 90
Pittsburgh, Fort
Wayne Chi
cago Railway, in
cluding rent ETC., 4,1lO,oS7 "
Philadelphia aud
Erie Railroad, in
Guiding 80 per cent
duetha at company. s,sa4,2ls rs
Tot.l.................... SIS, ,ss7 SIS "a
Leaving the net pro-
fits from the three
railways for 1859 6,022,8 825 60
From which deduct
dividends declared.
in MAY and No.