New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-03
RAILROAD INTERESTS
THE MANHATrAN RECEIYERY REpORr.

THE MAMMAL IAN hECEiN ERS. hEPOhI.
CONDITION OF THE ELEVATED RAILWAYS OF THIS
CITY - ASSETS AND LIABILITIES REPAIRS
NEEDED.
The receiversof the Manhattan Railway Company
ex-Judge Dillon and Amos l.. Hopkins, yesterday
fled their report in the Supreme Court at Kingston
in the salt begun by the Attorney General OF the
State. The report had been delayed some time to
enable Isaac Newton, Engineer OF the City Depart
ment OF Public Works, to make an examination Of
the structures which they desired as confirmation of
the report made by S. III. Shreve, who first made an
examination at their request. The report was sent
To Justice West5rook, accompanied by the four
schedules prepared q few weeks ago, which
were described in THs TmBUSH at the
time they were handed TO the receivers. They
contain an inventory OF the property, including the
rolling stock machine shop, tools Office and station
furniture and other articles owned by the Metro
politan and New-York Companies singly and
jointly; an inventory of the property of the Man
haitian Railway Company, with supplement
embracing lists Of engineers tools shop stock Office
furniture, supplies and cash on hand, amounting at
the valuation to So 459 2G. According 20 these
schedules the rolling stock OF the two roads is as
follows:
Ncw-York Company: 10S locomotive engines,
III passenger cars, supply cars and gondola
cars METROPOLITAN Company rs locomotive en-
glnes, 3l6 assenger cars and gondoa cars-tOtai,
203 locomotive engines, 5S7 passenger cars, .
supply cars and IA gondola cars
The reports of the examining engineers showed
that $i75 900 would be required to repair tho struc
lures to put them frst-ciass condition, and
the receivers ask the Court to order them 10 the
work, and an expenditure of that amount. Follow
ing is the text OF the report
TIE PEOPLE OF THE STATE or
NEW YORK In the Supreme Court
The MANHATTAN RAILWAY Receivers Report
DE Hon. THEoDoRc wEsrBRooK Justice of sand Conrs
we respectfully submit the accompanying documents,
giving statements % the business OF the Manhattan
hs~ay y GGRany ir9a Esar"ary / 1872 TO J9y a.
together with schedules OF the property turned to
The rseeiyeIs under the order and appontment of this
honorable Court assumed control of the Manhattan Rail-
counts have been kept their names During the period
panes as shown Gpoa the 6coSs OF tie Manhattan Rail
way Company have been as follows:
NEW YORK ELEvATED RAILROAD CO.'S LINES.
| Gross earnings from September L. 1879,
to July H. 1881 s49sol9l 40
Operating expenses Observation-Disclosures. 1901 500 10
S2,o37,792 o3
10 August 81, 1879 $4,000 %
Net earnings. $267o,s8, 81
| METROPOLITAN ELEVATED RAILROAD co.'s LIKES.
| Gross EARNINGS September l, 1879. 10
oS SSs Ia aspen::s $ aSloq5 80
Add net earnings from February II.
1873 to August 81, 1879 ,............. s24,96s 80
| Net earnings 81 eos 1o1 40
NewYork Elevated Railroad Company's
net earnings ;....;...-....... 2679, ss2 81
| Metropolitan Railroad COEpaAys net
earnings. I,S9S,I91 ~
! si,57s,O73 70
| Add ainount OF accrued operating cx-
penSes and other charges allowed for
in operating account, less amount paid,
| applicable to operating expenses
| balance OF fiscal year, and not included
in the above. 40,7ol "A
Total net earnings ................. Si627,77s AZ
| Receipts from sale OF Metropolitan Rail
road Company bonds, old material,
equipment, ACKNOWLEDGEMENTS. 50i3,991 1S
4 - $lO,54I ,7G9 G5
The total disbursements have been..... IO4551i9 90
|
! Balance cash in hand .........-...-. $S6,OI9 81
| The liabilities OF the Manhattan Railway
| Company. including 100000 capital
stock, 1411o,67A 50
! And the assets including the Gwo leases,
valued at $4,000 900, 13383,355 30
m Deficiency July IA, lsSl.-.-.....-:.. $7z7,31S so
The contingent liabilities unpaid
| taxes. in dispute, less amount deDDs-
tied with United States Trust Company 703. S32 50
Deficiency, including disputed taxes $I,4S1. i5l 80
The liabilities include $fSO,GfG - due to TIC New
York Elevated Railroad Company, aud $57S,212 80 due
70 the metropolitan Elevated i:rOad COMPANY There
are also CLAIMS III litigation amounting Ia T97S,S7I "a,
OF which 80 l1o are Tor alleged damage 80 prop
erty $4,000 for alleged infringement; snt roo
for breach OF contract, l2O996 81 for personal
fIaf. .wHl