Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1872-03-02

Decrease in passenger busness...... 3S,5S5 AZ
Decrease in mail business ...."..... $50 90 |
Total decrease, .............. ....- s3S, $3.50 ~ |
Increase Of earnings over previous
year....... .....................'.. Sldo,S3 ~
There were carried during the year, l.
09l ,356 passengers.
There were carried during 1870, 1,0S7,-
e95 passengers.
Increase of passengers, 3,4Gl.
There has been decrease in the number
of passengers coming from and going to
other lines, but an increase in the number
of local passengers. The increase in the To-
cal is attributable to an average reduction
of rs per cent. in the price of communica-
! ton tickets, which was made on the first
| of April last. The local passenger rates
are now extremely low, and must certainly
tend to build up a very large travel to points
near Baltimore.
The amount of freight moved in 1871 was
4,l6l, 400 TONS
rh- c~,annt of freight moved in 1870
was 3.6SO, 700 tons.
An increase of 2Sl, ,4S5 tons.
The per centage of increase was IL per
cent, Il gain of 4 per ceut. on the Increase
of the preceding year.
The price received for moving one ton
one mile in 1871 was 63-lO0 cents, being
l1-l0O of a cent less than in 1870.
The operating expenses were ~ 06-lOo
per cent. of the receipts, being 26-lO0 per
cent. more than The previous year.
The per ccntage of working expenses
might be materially reduced by charging to
capital or construction account various
items of expenditure which under the sys-
tenn adopted by the company, are charged
in the regular working eXpenses-such as
new or extended sidinSs, iron or stone
bridges erected in place of wood, steel rails
in lieu of iron, and other itcms-all of
which in reality add To the permanent value
and Improvement of your property.
We purchased during the year 1,S00 tons
of steel rails. a portion of which has been
placed on the single track between York
and Harrisburg.
TIE test made upon this road in the use
of steel rail has been entirely satisfactory,
and we are fully convinced that with the
increased tonnage it is conclusive to the
safe and economical working Of the road,
ana that the policy of the company should
be to replace the iron with steel as rapidly
as practicable.
The operations of the leased lines have
been satisfactory. All of them show an in
crease in trade, whilst the Shainokin diyi-
sion has increased largely in trade and pro-
tit.
The coal transportation on the main line
shows a total of 1851 tons. In 1870 it
was G9l. .49S tOns-au increase of 96,9I4
tons. The coal transported over the El-
mira division was 2OI, All tons-ap Increase
of 90, 2S5 tons, of which 81 ,344 tons was BIZ
luminous and 5,949 tons was anthracite
coal. The bituminous coal trade of this
division is an entirely new trade, and this
year will increase very largely. The
mines at RalstOn are now producing five
hundred tons daily, and we have been no.
titled by the coal company that they have
orders for and will be prepared to ship one
Thousand tons per day after the first of
May next.
The shipments of freight from Baltimore
tn points on the line of the road, and To
connecting lines north and west have in
creased.
With the completion of the Baltimore
and Potomac railroad and the Union rail
road, we shall have a very large increase
in trade, both north and south. aud as the
trade of the pas. year has taxed the equip
ment to its fullest capacity. we shall be
compelled to acquire additional equipment
during the coming year to meet this trade
and the regular increased traffic on our
lines and from connecting roads.
There has been expended during the
veal S70S, ,065 20 by the maintenance of wal
. department The track has been m;lin-
tained i'm excellent condition, and we have
again the pleasure TO report another year
having passed without any accident having
occurred to a passenger,
The equipments, both passenger and
freight, have peen improved, and the pas
seuger trains have been provided with the
: Westinghouse brakes, which we believe,
: adds greatly to the safety of railroad travel
,,,,a IA. tIN.an n,sx ne Raltl
{ more has been completed, and is now IL
use.
: New sidings have been made and large
5 coal tlestle erected, and number of other
: improvements made, which have adde.
: greatly to the conveniences and economy o
handling the trade.
Owing TO the character of our leases and
!, trackage contract for the use OF the line be
: yond Elmira We have been somewhat EN-
u barrassed in the operations OF the Chemuns
s and Canandiagua roads. To get NOR
>, perfect control of those roads. we have beei
t endeayoring to secure them either by pur
d chase or perpetual lease, aud hope now b
/. consumniate some permanent arrangement
i On motion of Mr.. Clark, it was resolves
that the report of the president and diIec
g tors be received and adopted, and that tn
n same, with the accompanying reports. b
D printed for the use Of the stockholders. d
motion of Mr.. Hatch. it was resolved tina
the directors be requested TO maintain an
continue the policy of restricting tie sppl
e cation OF It's current revenues To tha purp,
oi ses OF providing for necessary increase
equipment and dividends to stockholder'
a On motion OF Mr.. Cameron. il was resol'
n ed that the directors be requested to COZ
'e slider the policy of allowing private capt.;
20 10 provide additional car equipment nece
sary for the. growing coal business Of tt