New-York tribune., 1871-06-15
Lease. railroads operated and accounted for separately

The Pennsylvania Railroad Company also owns q
majority OF the stocks OF the Taey ana OF
upon which dividends eguang eight per cent are paid
mortgage bonds and the bonds Of the Harrisburg
and Lancaster Company. The Company also owns 1885
shares of the Harrisburg aud Lancaster Company's
stock 25i7 shares OF the Connecting Companys stock
81 1886 shares OF the philadelphia and Erie Companys
stock and considerable amount OF other railroad and
municipal stocks and bonds The total amount standing
the books OF the Company az representing these IL
yestments was, Jan. l, 1870 S2O,0557n 80.
In May, 1871, the Pennsylvania Company took lease
OF the works Of the United Companies OF NewJersey
for the term Of 800 years agreeing TO take the property
and franchises OF said companies and to assume all Their
obligations, and pay 10 per cent per annum their
Jersey Railroad and transportation Company the Cam
den and Amboy Railroad Company the Philadephia
Trenton Railroad Company, and the Delaware and Rar
tan Canal Company Their leased lines, which Will also
pass under the control OF the Pennsylvania Company
extend nearly every county i'll the southern half OF
New-Jersey and the extensive improvements at Hars-
mus Cove In Jersey City, which have been practically
suspended for several years. will now be carried on to
completion. .
The rolling stock Of the Pennsylvania Company has
gradually increased In 1861 il had 229 engines III S70
49, In the period the passenger cars have In
from ll3 To 35 baggage from A
10 96 freight from 1886 6G32 The coal num-
bered in 1891 700 in 1854, and l3l IN 1870 But this
item not give just view Of the coal traffic OF the
road, as some coal companies great number OF
their upon it, Many corporations besides coal
companies run their own ears on the road ana
even individuals Such cars pay toll for the use OF
railroad and engines The rolling stock actually owned
y the Company close of 1870 629 locomotives
29s passenger l2 baggage ma ana express ears;
10 2l6 freight cars and l0l2 road cars.
The mileage shows increase between 1861 ana
1870 from 26G93 to lO1s523 passengers from lo59osS
10 tunnage from 600 5S6 10 5i2i The gross
earnings s. 3O000l In 1861 S03 800 IN 1862 s i5969
in 1866 and about the ever since. The net revenue
in the years ranged thus, in mions 81 AZ 80
A. 81 s. o. The dividends were in 1901 about $4,000;
in 1868 s25OCO0 1864 sl5OO0OO; 1865 s2O0OOtO; lSt,
81 $4,000 1861 81 $50 OOO 1865, $250O0; 1862 sJcONO;
1870 The percentage OF profit TO STOCKHOLDERS
was In these ten years 6, s. o. TO- TO- 3, 6, :, TO- TO-
An epitomZed account of the amount and nature or
the done by this Company Is found III the aD
str,et Of ts operations for 1870 Trains passenger,
247243 freight, 772799 total, 0ls5233 Passengers
carred-through l757s7; local. 4l7G9s2; total i,352t9
Freight moved-through, 772n7; local, 46546S4; total
B42 tims. Freight Observation-Disclosures coal 5i5g2;
buminous coal 205,l9 petroleum And other oils, 2l5
O6 pig iron, 2346; railroad iron l5S956 other iron ana
castugs iron and other l66,yS me lime
stone sandstone and slate l 02l agricultural products,
s73 42: merchandise and manufactures, 3sbOt6; I'VE
stock 273s56; lumber, 2995i5, and other 1905 total,
5427 400 tuns. Gross earnngs-Passenger S.5955n 2G
emierants G2 67l O2 mall <l67i3 4 express Sjl07s5 s
freight lC0 A. and other, S5229i; total, $5Jl,
zoo 81. -, -,
The following statement Of the revenue from all the
lines operated by the Pennsylvania Company III 1870
show that had very little net profit except from ITS
own lines ~ - ps.