The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-04-05


The business of the year shows a large increase OF
tonnage over previous year, 1875 per cent. The re-
Ceipts for the same period snow an increase OF l92
per cent, the increase in expenses being 5396-100O
per cent. ,,-
quite encouraging. Beside continuing the repairs
and renewals necessary to gradually bring the road
up TO the highest standard OF economical working
thereby increasing the percentage OF working eX-
pt nses to 6S75 per cent. of the receipts, we have
been able to divide to the preferred stockholders
ner cent on the preferred stock outstanding During
the mast wear ID 6S miles of the road have been tho
roughly ballasted with refuse coal and rock, which,
however, has not been charged to working expenses
az IL Is strictly new work and chargeable TO con-
struction account only. $500
The report states that one hundred additional
cars have been constructed and placed on the road
new locomotive OF great speed was built and
placed on the road to meet the demand for fast
the tact OF Assembly authorizing the Catawissa
Railroad Company to construct branches OF railroad
from their main line, surveys were at once made,
one leading from point at or near Shermans sta
ton, the line OF the road to what Is termed the
Black Creek Basin. This branch OF seven or eight
miles in length, with almost level grades except
two miles of thirtythree feet in favor OF the trade,
would place that coal within easy reach OF the Dan
vile furnaces, the furnaces on the Susquehanna,
and the Western trade at Erie.
The completion of the Nesq1ehoning Railroad,
source from which Lehigh coal may be obtained for
the same points, well as establish favorable
nections for other interests.
The President concludes his report as follows:-
The long promised development Of your coal pro-
perty by the essees, and their failure TO produce
freuuent expression OF dissatisfaction as to the
manner of conducting the mining operations deter
mined your management to nave the subject inves-
tigated by employing mining engineer of expert
ence and known ability TO make survey OF the
operations and workings OF the mines, and upon its
results to base their course OF action The result of
that investigation has proven that although the les
sees have expended large amounts OF money,
and from the adjoining tract taken considerable coal
the mining operations III progress for the deve-
lopment OF tract were too indefinite In character
to- warrant any speedy results in our iavor Proper
utar xvar arr
now to report that for tn present the developments
upon the estate to be conducted under the advice
OF two competent engineers, satisfactory to this
company. Explorations will be made to ascertain
the true location OF the veins and the developments
pushed forward to such an extent as to make this
property a source Of revenue If possible
The report of the superintendent of the road,
George Webb ESQ., was next ext read. IT gives In @ de-
The report states:-During the past year about
fifteen miles Of the track between Catlwissa and
Milton were thoroughly ballasted with refuse coal
and rock hauled from the companys mines. There
were put in the track during the year fifty tons of
new iron, and eight hundred and twenty-six and
onehalf tons of reroled iron, fortyone of fish
plates and bolts, twenty-five tons or spikes, and
twenty.seven thousand ties.
Owing to the improved condition of the track the
number OF broken rails is less than ten per cent OF
former years; but some rails purchased in 1867 and
1868 were of such inferior material that they were
unequal to the traffic, and hence heavy removals fol
the year were necessary to replace laminated anC
worn-out rails.
The bridges on the line of the road are all il
excellent condition.
On February 12 by the act Of an incendiary you
freight house and engine house at Williamspor
were burned. A new and very substantial brlcl
building was erected and put in use on August l:
During the year extensive repairs were made Il
the holsters and working parts OF the gondoa car
which were put on the road in 1858. Their number
are complete, and every one in running order
Every freight car owned by the road is in runnin
order, and is in service either in traffic or construc
tion trains.
During the year 100 new gondolas were built q
the shops
The reports were accepted, and the meeting &C
journed.