Ashtabula telegraph. (Ashtabula, Ohio) 1874-1880, 1875-06-04

Coal Coal ;....;.. s,oSs a ' '6Oa 1852 q q
Totals 1Ol, 6174 2aO,s5125 i1S,78s 81
EXPENSES AND NET EARNINGS.
Distribut'n II ms end'g Year ending
Of Acct Mar. 81, IA Mar. 81, '75 Increase
Transporter sssOOs 10 slg,9sl O5 s1O,e75 81
Motive power $500 IS 1881 o. 1920 81
Of ofway...,'. aa,sO8A s51OOs9 1a,1Oa 2s
of cars DO15 I,F4e 50 $50 1s
General ex-
penses and
taxes ,.... 5,OlS7 7 1875 IA 6,8s8 90
penses ssa.aso IA s141.aa8 IS s48,548 II
ment. 11,s7s,7s as.4sI l 15,1Oa ss
Total ...... 1O4,75s n 8,4O9 % 6. $50 %
Net earnings 8,142Os s51.sn % s55,Osa %
Ii will be noticed that the earnings sho W
an increase for the year ending March 81 !,
1873, over those of the eleven months
ending March 81, 1874, of $11s,7S3.s1
while the net earnings show an increase
of $50, ,OS3.29.
The facilities for handling ore and coal
at Ashtabula Harbor were taxed to their
utmost capacity during the latter months
of the season 1874, but the capacity tor
doing such business has been greatly in
creased since that time.
The number of passengers and tons of
freight carried in the respective years,
compare as follows.
IA, 80 I ,,ss
fc Mar 81. "A Mar Is. Is Increase
No. of pas.
sengers 92,O16 11s,44O 96,4a4
&c &c. ...o... lu a.585 21s,2n 1s4,7ss
Toms Toms ,G6n of coal s ss 4s SSs
Total tons 1T 78,440 856,749 288,aOO
The amount due the Pennsylvania
Company for advances on Coupons du-
ring the construction of t he Road, and
payments on account Of construction to
July 1st, 1874, was settled by your Board
of Directors by issuing to them 145 of
the Second Mortgage Income Bonds au-
thorized by the StOckho lders at their last
annual meeting, while there were issued
to the Granite Improvement Com 0any,
for construction and Coupon advances en-:
tirely outside their con tract, 955 OF said
Bonds-making 400 of the Second Mort
gage income Bonds now outstanding.
There is now due the Penn'a Compa ny
as shown by the General Account, $38
46O,19 on Construction Account and $70,-
536S3 for Coupon adVances-making a
total of $10S,99902.
During the past year, an Engineer has
been employed in making a complete rec
ord and a map of the Company's Right
of Way and real estate, which has been
finished in highly preditable manner !;
and it shows but few cases in which the
title of the Right of Way is wanting. OF
these cases, most are settled, with the ex-
ception of some fencing or crossings re
quired on making which Deeds will be
furnished.
| Negotiations are pending with the
| Lake Shore and Michigan Southern
Railroad Company for change OF ground
necessary to effect Strengthening of the
Ashtabula River, which is very desirable
and is likely to be accomplished upon
satisfactory terms
Your road is in excellent order and
the revival of general business which
may be expected to gradually ensue
must add proportIonately to your reve-
nue..
Ashtabula HarbeT, although greatly
misrepresented by parties interested in
having business remain at other and old
er harbors. is gradually making a repu-
tation and becoming recognized as among
the easiest of access of the harbors OF
Lake Erie; and with the work being
done upon it by the dredge owned by
the Company, with the expenditures o
the General Government, it must soor
be admitted as possessing advantages fo
the prompt unloading and dispatching o
vessels, second TO nope ON the Lake.
/ By order of the