Morning journal and courier., 1883-12-20
ournxl snO Gorrier.
December 20, 1883,
ConsOlidated Road.
The Annual Report-The Showing for the
 Enn ..A

Consolidated Road.
 | The Annual Report-The Showing for the Year Past.
 Facts and figures from the annual report
 of the directors of the New York, New Haven and Hartford railroad to the stockholders for the year ending September 30, 1883, are given
 below. The report will be submitted at the
 annual meeting of the stockholders to be
 held in this city Wednesday, January 9. The
 statistics show that 2, ,277,552 miles were run
 by passenger trains; 1,4o9,0 036 by freight
 trains, and the miles run by other trains
 bring the total train mileage for the year up to 4, 496, 730. Number of passengers carried, | 7,O79, 168 tons of freight, ?, 16O, ,O23; number
 of engines owned, 115; leased. z; passenger
 cars owned, 281; leased z; mail and baggage
 cars owned, 83; leased, 4; freight cars owned,
 2,265; leased, 152.
 Gain in train miles over last year, about ] twenty-one per cent; Tn passengers, about
 seventeen per cent; in tons of freight, about 1 thirteen per cent. The mileage and gross re- ceipts of the Air Line division Gas well as the
 Shore Line division) for this year are in
 cIuded in the above statement. The Air
 Line has not been. for the past year, source of profit to the company. Consid- erable money has been expended in getting 1t into good repair; several hundred tons of new steel rails have been laid, and in some other respects the expenses have been extra ordinary. It is reasonably believed that the coming year will show better results. There have been built and put into service during
 the past year about fifty new passenger
 cars of the Wheeler style, and there
 in n
 ready for service, twenty-five more.
 These will make, with the twenty-five
 built in 1881, hundred of that style in
 use on the road. A new brick depot
 has been built at Fairfield. 800 feet of the
 Cos Cob bridge has been replaced by an iron
 structure, stone and iron bridge has been
 built at Saltonstall Lake and another at East
 Lyme. Of the $5, ,OOO,O 900 the board was au- thorized in May last to borrow on the credit
 of the company, two millions have already
 been borrowed and four per cent. bonds for
 that amount, with twenty years to run from
 June 1, 1883, and secured by a mortgage on
 the main line, have been issued therefor.
 These bonds were disposed of as to yield
 premium of $47, ,971.O9. This sum being
 in the nature of profit on said bonds should
 be so disposed of that it may help to pay off said bonds when they mature. It has accordingly been placed in the sinking fund. A part of the two millions dollars borrowed, to wit, about $512, ,OOO, have been used to pay of balance of the indebtedness of this company incurred by the purchase of the securities of the Hart ford and Connecticut Valley railroad compa- ny. About $500, 1000 have been applied in payment for new passenger cars, new engines, new bridges, etc, charged in this report to equipment and construction. About $350, 900 have been used in paying for additional l lingford and elsewhere. About $6O,000 l have been expended for additional l rights of way, etc., to carry for | ward the improvements of the road sug- l gested in the report of last year, and the balapce is still on hand, to be expended in the l further prosecution of said improvements and is included i'll the treasurer's cash bal 1 ance as reported for the year. These i'm | provements have not progressed as rapidly as was anticipated, for the reason that the ac- ] quisition of the necessary additional lands have been attended with good deal of 1 the close of the year 1884 some addi- l tional tracks will be laid and in l service. The item of damages paid dur ! ing tho current year is larger than ] usual, for the reason that the company l has paid one-third of the damages growing I out of the accident in the tunnel near Eigh- ty-eighth street, in New York city. The enl- I ployes through whose omission of duty it is claimed this accident occurred, were, it IS claimed, joint employees of the three roads | using the tracks through the tunnel. The Consolidated road assumed this proportion of damages proYisionally, in order to expe- | dite the settlement of the claim, but are not | without hope that they may yet be relieved l from this payment, or at least some part of l 1t.
 The roads income was $6, ,729, ,374.41 and l the expenses $5, 146, ,1S6 15, leaving a bal l ance for the year of 1,583, 1S8. 26. The in- | come was derived from the following sources: | Transportation of passengers, $3, ,749 472. "A; l transportation of freight, $2, 5O1, ,623 Al; | transportation Of mail, $149, 256 73; trans
 portation of express, $227, ,62O. 5l; transpor- \ tation of extra baggage, $22, 575 60; rents, | S7S, 1925 42
 Among the expenses were: Repairs of road l way, $70S, BY. 57; repairs of bridges, $193,- | 670 20; repairs of buildings and fixtures l $159, ,552 13: repairs of locomotives, $157.- 1 67+ G3; repairs of passenger, baggage and ! freight cars, $329, 1852 66; salaries and
 wages not included in the above, S1 266'- 1 S59. 33; fuel for engines and cars $451,- | 151.2S; oil and waste, $67 .950 09; damages l $9O. 760 63: rent of Shore Line railway, ! $1OO,0oO rent of Boston and New York Air \ Line railway, $15O, 354. 16; rent of depot and | grounds, SIP, ,997.17; freight car service, | $107 SIS. 16; station labor and expenses | $35O 9302 21; printing and stationery, $25,- l 159 AT; legal expenses, $37, ,053. IA; horse | haulage, $32, ,O47. 75; barge expenses, $55,- 1 .99; interest, $39, ,SS2. S4. These and I other items made the total operating expenses | of the company $4,659, ,44o.57 for the year. In addition there were taxes, $296, 259. ST; 1 the interest on Harlem River ard Portches- 1 ter bonds, $17O. 600; to which should be add l ed accrued interest on S2, 100000 first mort- gage bonds not yet paid, $20, 465.71. 1 The report of the treasurer shows in the 1 debit side: Balance cash assets October l, 1882, $l, 759, ,565.33; materials on hand, l $347, BOP .41 income for the year, SC, 729,- | 37441; first mortgage bonds sold, $2,O0O,- 1 O0O; premiums on bonds sold, 7,971.O9; 1 total, $1O, ,SS4, 71324.
 1 The credit side of the same report is as | ollows:
 1 Total expenses, including rents, taxss and
 interest ,125 7CO fl
 nividends two of five per cent eack) 550OCO % ! Sinking fund. .........-..-.......... 4797I co Materials hand October l. 1883. 572933 B For construction account. ..,...... 97,T74 r For equipment account. 259S71 64