AMERICAN RAILROAD JOURNAL. '5 725 result of which to your interests, cannot be deubtful; as such connection is even more important to that city than to your road. At the last meeting of the board, in March, when -the final report of surveys was re- ceived, a new organization ofthe engineer corps was ,deemed called for. with the view of affording the necessary eificiency to meet the great demands made upon it. And your board accordingly engaged the services oi" Col. Charles L. Schlatter, as your chief en gihoer. Col. Schlatter has divided the line into three engineering divisions, making his the‘ chief office at Malone, where the most important works occur-—with Mr. S. [-1. Kneass, on the Western. and Mr. T. J. Car- ter, on the Eastern division, as principal as- sistants. 'l‘he,short period which has elapsed since these gentlemen were appointed, the unpt‘epat‘ed state of the work for active con- tracts, and the rate at which they are cori- ditioned to be carried out, over _1l8 miles oi’ road, rendered an efficient engineering force a subject of the first importanceand attention; and that by the present appointments, this condition has been achieved to a degree not ordinarily met with, your directors are fully satisfied of. ' The board has called upon the stock- holders, for two assessments,amounting to 20 per cent. The condition of which, with that of the general finances of the company, will appear from the treasurer’s statement. The foregoing is a brief review of some of the acts of, your board, during the past year. They might further enlarge on rnatters of general or local interest, but they forbcar; having, by what has been said, given, the stockliolclers all necessary insightinto the nianagement oftheir affairs, which the Trea- ,surer’s report will complete. In conclusion, the directors would again record their constantly increasing confidence, in the importance of the Northern railroad, and in the value of its stock, and commend it to your undiminished confidence and support. Nor:/tern. R.az'l7'oad‘Co7npa71.y/, in ac- count with Samuel II. Walleg/, J22, Trea- surer, to 1'l{a_7/ 15, 1848. ‘ 4 Dr. To incidental expenses’. . . . . . . . .. . . .. ..Sli$l0,201 56 To engineering . . . . . . . . . . . . . . . . . . . . . .. 30,520 '79 Tolanddamages.*............. 8,435 03 To grading. .2 . . . . . . . . . . . . . . .. 15,938 69 To timber,,fencing, etc. . . . . . . . . . . . . . . 5,667 27 “To interest . . . . . . . .v . . . . . . . . . . . . . . . . . . . 7,156 95 To iron . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,775 00 To engines . . . . . . . . . . . . . . . . . . . . . . . . .. 1,500 00 '1‘o Geo. Parish, paesident, cash on hand at company’s oiiice, Ogdensburgh.. . 50,321 '75 To notes receivable, loan on demand,with ’ e ‘ collateral security ._. . . .. . ._ . '. . . . . 101,440 00 To amount on deposite in Market bank. . 5,519_ 97 To cash in drawer. . . . . . . . . . . . .. . . . . .. 3:23 65 . 243,809 66 Cr. By assessments, being for amount paid to this date . . , . . . . . . . . . . . . . . , .. .. . $234,758 00 - By exchange account balance . . . . . . . . . 9 86 By contingent fund, interest, etc . . .. . 9,041 80 1 . i . $243,809 as 1 SAMUEL. E. WALLEY, Jr., Treasurer. May 15, 1848. N. B. More than $50,000 have been re- ceived on the account of assessments, since May 15th, the date at which the books were closed; and more than $40,000 have been paid out at Ogdensburgh, since that date, on account of work done upon the line of the road. . S, H, W, Jr, Champlain Village, N.Y., June 5, 1848. We, the undersigned, Committee on Ac- counts, have examined the payments made by the treasurer, as stated above, and find them all correctly vouched. B. '1‘. Been, ‘ 'l‘. B. Cr~mNoLnrt. 1 ‘ Committee. OFFICERS ICLECTED FOR THE YEARS 18-18-9. Direclo7'.s.—~—Ahbot L‘i\Vl't‘l’lC(;‘., Boston ; G. Parish, Ogdensburg, N.Y. ; J. W. Edmands, Boston; Charles Paine, Northfield, Vt.; I. Spaulding, Nashua, N. I-1.; J. L. Russell, Canton, N.Y. ; Geo. Redington, Wadington, N.Y.; B. T. Reed,Boston. T. B. Chandler, Boston; Wm. H. ‘Harrison, New York; H. Horton, Malone, N. Y.; George V. Hoyle, Champlain, N. Y.; A. C. Brown, Ogdens burg, N. Y. P7'esidevtt.——George Parish, Ogdenshurg. T-reaswrer.--—San‘iuel H. Walley, Jr. Sec-r'ctcw'_7/.——Jan1es G. Hopkins, Ogdens- burgh. [From the Philadelphut "Commercial List."] Pennsylvania Coal Trxule for 1848. From the Le/r.ig/t Mines. The amount of coal shipped from the Lehigh mines ‘during the week ending the 28th ult., and Cheshire, N. 11., Itailroixd. V '1‘/tird Amtttal Report‘, Mot, 1848. From some cause we have not heretofore met with a report of this company, and have not therefore been familiar with its progress and condition; but when recently at Boston, we availed ourself of the courte- sy of the able superintendent of the Fitchburg road, S. M. Fclton, Esq., to make an examination of the road under his charge, and also of the Massachu- setts and Vermont, and the Cheshire roads. These" two latter roads are, as will be seen by re: ferring to the map, extensions of the former, from Fitchburg, diverging from Gardiner, 10 miles from Fitchburg and 60 miles from Boston. 2 The Massa- chusetts and Vermont road bears almost due west, until it crosses the Connecticut river, where it turns northerly to Brattleboro’, to be continued to Bellows Falls, and southwesterly to Greenfield, where it con» nects with the Connecticut river road, in Northamp- ton, Springfield, Hartford, and thence to New Haven and New York. It is proposed to construct a road from Greenfield westward to North Adams, and thence to Troy, N. Y.—-which is now much more likely to be accomplished than was the VVestern road in May, 1837. The Cheshiregroad, takes a north- westerly course to Keene and Bellows Falls, whose third annual report is given ‘herewith, is now com- pleted, and in very successful operation, 352 miles to Keene, and theiremaining part to the river will be completed in a few weeks. There are few lines in 4 the country of equal length, on which there has been so much heavy cutting. A few miles west of Keene is a cutting, through granite rock, of appaling mag- nitude——bcing over 4,000 feetin length, and varying lrorn 20 to 50 feet in depth. It has been, however, successfully completed, and the superstructure is since the opening of the navigation, has been as follows: » This week. Total this tons. car——tons. By Lehigh company, Oct. 31. 4,3552 03.2()"2,1l7 13 By Room Run . . . ..“ .. .. 3,282 00.109,004 00 By Hazlelon. .. .. .. .. .. 2,087 00..79,ti83 00 By Beaver Meadow. . . . . . . .. 2,781 l7..75,8l4 09 By Buck Mountain . . . . . . . .. 2,648 10..65,584 11 By Spring Mountain. . .. 1,647 11 ..56,‘855 19 By Cranberry Mines. . .. 1,085 00..l3,705 00 White_Ha_ven. ._. . . . . . . . . . .. 275 01.. 9,372 06 6:26 04.. 4,972 11 Diamond 00 . . . . . . . . . . . . . . 4. .______..__. ......__—._._. Total . . .. . . a ....18,785 06.6l7,109 09 From the -»S‘cltuyl;’cill Mivtes. The amount of coal iorwarded by Reading rail- road during the week ending the 2nd inst., and since the 1st of January, has been as follows———- - Tons. From Schuylkill Haven .. .. .. .9,150 00 “ P0tlsville.........;... 5,285 02 “ PortCarbon....t................ 828617 “ Port Clinton . . . . . . . . . . . . . . . . . . .. 3,006_17 \ Tota1thisweek...'. 25,7228-16 n'ow.laid"th'rough it,‘ so that lo'c'omotives can pass with materials forithe line beyond. ’ The grades upon a part of this line for several miles, are as high as 58 feet to the mile, in the di- rection of the heavy trade; yet it has been thus far completed in the most thorough manner,and we can, without fear of contradiction, say that it will com-- pare fcwombly with the best built roads in the Union. —Indeed we have seldom passed over a road con- structed as well; the superstructure being oftheimost substantial character, laid on gravel or ‘sand balas’t- ing upon the natural soil, and in the cuttings the roadbed is raised'near‘l‘y two feet, with side walls to the-drains, thus ensuring a free passage to the water. When completed to the river, it will connect with the Sullivan road, up the valley of the Connecticut, to Windsor, where it willponnect with the Vermont Central, and the Passumpsic river roads, and also, and especially, with the Rutlzm-d road, from Bellows Falls to Burlington, where it will receive its share of the business from the ..Ogdensburg road, and a connection with Montreal. 1 . ‘ - Total this year . . ., . . . . . . . . . . . . . . . . . . . 1,077,829 16 The amount of coal brought to market by the Schuylkillmanal during the week ending the 2nd ,-inst.,and since tl_ie,op,ening,ofrtheicanalphas been as follows:-;—. ». r M . 4 Q . ._;3,-. , _ , . _ . Tons. - From Pottsville and PortCarbon . . .. . . . . 7,414 02 ' “” Schuylkill Haven . . . . . . . . . . 3,798l19 1“ Port Clinton.... 636 10 Total this week.... . ,..,11,8491l Totalthis year..... .. ....386,272 08, ’Rccapitttlation.—— Tbttil Shipments this Season. By Lehigh cornpanies.... ...,.6l'7,109 09 By Reading railroad . . . . . . . . . . . . . ..‘.1,077,829 16 By Schuylkill canal. . . . . . .. . . .. .. L. . .386,272 08 no. - - - - Iluluoolc The Rzttlrmd, the Vermont Central, the Pass-ztmpsic river, and the Ogzlensdm-g roacls, are all progressing rapidly, and will all be completed -by .Tuly,'1B5_0-—- how. far short oi the truth tveretheir estimates of their own position, and the soundness of their invest- ment. . _, . To the sagacity and perseverance, of their able president, Thornas .M. Edwards, Esq., and to the ability and untiring .efforts of their chief engineer, L. Tilton, Esq., well sustained by the board, of idi- rectors, aregthe stockholders deeply indebted for a work which will add to the value of property on its line many times its cost, while it will pay a regular Total..........................i....2,981,21113- large return upon their investment. . or ~liefl2re—+wb;en the Cheshire road will begin -to . - feel»-their iinfiuences, and itsfshareholglers to learn