, 1873-01-16
RAILROAD NEWS.
Report of the Treasurer Of the
, Michigan Central Road.
Circular from President Joy---The c.,
3. & G. r. R.-~-Michigan
Going for Pullman.

,r:.1:
W w. -1t~se'n
Going Tor Pullman.
Mr.. 1easc 1ivermore, the Treasurer Of tho
Michiga1, Central Railroad, in his annual report
~ho,~s ~ co-d;t;or, - 49, cor,,ran- ~ tho lat
Of December, as follows: Tho balance OF the
;ncorna eeco,1nt th;a d,v ia a774 925 %. The
". .;~..s - - - - ~. ,.e,>th. ~
net receipta OF the road Tor the slx months end
ing the lat inst. after deductiug operating and
:.s..a,. ..ae,,.t. ,,an, a17t COX 90 r1,o ,-os,
interest accoun1a, we're 3tt4,o@o'@o' 4uo e1o1o
receipts show an increase over those Of the cor
respouding six months Of 1871. OF 8237, ,395. .16,
49, -. - 1s
391, ,749.0s. The bonded debt now amounts to
SIT 262. 100. including tho first mortgage sinking
frnd 1oar dra !, 1899 a. 9rt mn frat ,oort.
- aaaa lam 1 dne % in in 1ss9 AKA ono. and III, ner
eAse toAD' .uo ~ sooo s -, ~ ooa ..@ ~ ~
cent loan, due IN 1soz, sf,bo'ooo. Inc cap
itaI stock amounts to 317. 1888, ,548. The Sum in
vaoted in tha sinking fnnas nnonnts tn
e1'sss % 1856, s. vi which, % deducted from the amouns
OF sinking fund bonds outstanding, 81, ,2G4 900,
1aa-oa aena an a. s,a . MT ho1aaa dsht ~
95, ,G66, ,801 81 upod the main line. Tho conatEuc-
+1nn accnnnt faa haen ;ncreased AZ k14 27d 10
49, .o 49, a1nona.s ~ eoo zoo a7s :, ~ ~ ~
inp Of the Directors Of the Company. held in
- oo.1- 80 - 7,.....ta. 1o7o -.
report Of the Treasurer was presented and &C.
canted and theraunon Il Tna
espseo, 49, =. -, >.
foteo 1aat av1oeno VI Pc snAse 70 nua 81, 1ue
same = neIeoy oee1eo, pa}aoe ~ asnea, u tao 70
DAY OF January ne5 70 holders OF soeE at me Sose Of
ade eais 70 holdess of a Tho city ot New
GomR.ny in saa st. sa t9 ~ othszs at the Office Of
tae lfeasmcl, u koe C1ty ~ oossoo. A..
fotea, 4oat tuo treasurer IN AefEpy "asuos,Aeo "
issue acr7p !or 1tasuonn PortIons " e0teSs
ai shn ts be- pssented IN mapes Of Gus hundred dosFs
SAID isaet'onal sc5'p neang ~ aof interest
until consolidated m M and stock issued t1e1eior.. u
cloaed from the I'd Of January Until the 9th Of Janu-
AFT next ..* -.
has addressed circular to the stockholders Of
the Michigan Central Railroad Company, which
contains a compreLeusiye statement Of ihs work
aone ou1lng ene year 1of1' "o inaAo In7 LUZ
loving extracts:
expenditures for tho permanent Improvement Of the
property Of the Company; Seventy miles q douhie
track hare been graded hridgsd and PREPARED 1or fho
contracs and the early winter tht. extent OF track has
not been fully completed. About forty miles OF It,
however arc oomplesd md IN nse ~ a. "1tn t*n sr
three weeks more Of mild weather nearly Ill would haTe
steel rails hare been purchased and paid for.
FHty-seren locomotives have been added to
the power, and upwards OF INV oo1 auo ua caFs ha7e
een nn t te necsses Of he road hsye
On 1 Ae n1seea ~ .cts nep n,ssenrer house
isree enough for The business ut the sae Pace, has
been built and several others have been built at less
important places where they had become OF absolute
necessity Lands have been aeqr,Ied IN INC fcant.y
o. Ueo aor M aem G1 an; r. nrI.sr n,nenanes
ns tbs yoiina n @ stoet TentYsfx miies haye been
ndded to tie sidings in various pisces.
These and other additions to the property
ness, and the payment Of SO, ,ooo Of bonds which
asuIed 1T !uy 1as nase @ a. oFe m q IN ~
anonn' q oney " ~ ,st aH' ~ onths bsginr
ben 7,aod N conetrrtnn and The condition Of the
money market not being favorable for the sale Of bonds
at their value nor for borrowing money the Directors
have thought II 5oE ne oest ot .ae %
en- 10 Psg .ne1u 1H ~ ~ ~ ~ 4A NA>A
0ntna To- tbs amount Of construction going On dur
ing the season. business hns been done considerable
disadvantage. Tho Board also regrets 70 say that the
business Of the Ioad hss sunsISd ana IL Il ss sqnst
ing Te srgeT rne orer lie Il busness Ts brne
m T. t, ,ytnsse Il IA honed these csuses vii be
oviated Eerv eariy this yeaT il not by putting Tint
road in 4 position to be able to meet the do
1ands upon it, certainly BY the additional outlets
which the construction Of the oanada s.uther1 and
tho narrowing Of the gauge Of the Grand Trunk, r.
as ~ 1nv,n h.snaaa ~. ~ netyot IRA eouai to
th - - th na ~ 4h1 eornnanx an hr,s3nesa n1ust
eontinna 10 1ufer ind yerT ereatly. ~ stated how
ever It is hoped this time W1n Be short and that With
overcome.
CHICAGO, sAGryAw CANADA RAILWAY.
Captain E. L. Craw, President OF the Chicago,
Saginaw l. Caned. Railway, has fled the articles
Of association Of said company with the eecre-
tarY of the State OF Michigan. The capital
stock is "a, 20o, 300. The road will run from
Grand Haven pM the Saginaw Valley, . distance