.v
1

7 '7 2 A1‘efiERECAN R.A‘lLR.0 .'.'1_]) J OUIKNAL.

P 1.’d18‘L]7 - - - - - -  . . . . . . . . . . ..  52,2331  Of the P-asst-;rigers, VVB have DO doubt this road will prove an
at to owerroa  -..117,' 1:; r ,., , . - ., . 3'35-t ,-- ,_

.WOOd, tools, em, on ham, . . _ . . _ . .  19,393 03 30,008 \veic“to anc‘l‘fioni Boston, lrppotiitant souicfehof businc s ‘o ‘our own I

Bills receivable ..................... .. 51,t35«1 33 ~05-'3l7 Lowe“: 1116 “Vectors 0 ,‘ 6 FW0 C<?*P0*d“0“=i Fegém -

Cash on hand....  .   . . . . . . .. 47,532 21 23,730 “ “ l‘vI.-inch. Sn Nashua, ing the present identity of interest, and satisfi-

‘ " 30,727 “ “ Concord, [sev. roads. ed that the Northern railroad had the means

2r’53rl97 56 17,2-530 “ “ ‘Nay-stations on the of running the Franklin and Bristol road at‘

Abszfrczct of Nan‘/rem Railrorul Income and
Ezupense Accoimt, in May 1, 1848.

Net income received from Concordrailroad to Sep-

tember 1, 1847 . . . . . . . . . .  . . . . . . . . . 19,812 37
Gross income from passengers from Sept.
1, 1847, to May 1, 184-8 . . . .  . . . . .. .118,001 66
Gross income from frciglit l1‘01l1 Sept. 1, »
18-17, [0 May 1, 1848 . . . . . . . . . . . . . ..15‘.2,473 58
Income froin rents . . . . . . . . . . .. ..  .. . . 593 76
express....    .. 1,833 00
“ miscellaneous sources . . . . .

(30 65

292,781 572
..117,t):2<1 81
174,156 '71
Deduct also expenses of running the road 52,377 85

Deduct proportions paid lower loads. .

Net balance ofincome of the road since
M-ay1,18»1-7............. . . . . ......122,478 86

The expense of running the roatl is as lollows:

'T‘icket and baggage masters. . .. . .. . 731 86
Handling merchandise . . . . . . . .. . . . . . . . .12,009 47
Engineers and firemen . . . . . . .. .. .. ;. . 2,716 91
Conductors and brakemen . . .. ... . . . . . .. 3,526 32
i:€pall‘S oi engines and cars . . .. . . . . . . . . 5,506 33
111191....        8,317 51
 . . . . . . .. 3,554 55
Repairs of road . . . . . . . . . . .. .. . . .. . ....12,188 7-1
‘teipoval of snow and ice .  .. .. .. ... 201 00
Switchmen and watchmen . . . -. . . . . . . . . . . 1,0141 42
Advertising . . . . ... . . . . . . . . . . . . . . . . . . . . G7 00
General and miscellaneous expenses. . . . . 2,706 1i
Stationery................. . . . . . . . . . .. B075

   

W“ I

‘When we consider that our road was used
only to Franklin up’to September 1, the first
third of our year, and then to Grafton lor the
next three months, where we could not re-
ceive a large proportion ofthe freight of the
Lebanon road, we think you will agree with
us in the opinion that our income thus far
has been highly encouraging. From the
first opening ofour road the income has been
gradually increasing.‘ Although we may
not realize the annual increase of 33-} per
cent, which the Nashua and Lowell road re-
ceived for the first nine years’ of their opera-
tions, yet we think we can reasonably calcu.
late upon a‘ very respectable addition to our
present business.

It will be seen by the foregoing figures
that the net earnings of the road, since ive
commenced running it ourselves, that is,
from September 1, 1847, to May 1, 1848, a
period of eight months, was $102,751 59

The interest on our capital of $2,400,000
for the same period of eight months, is $96,-
000 00. Leaving a not balance of earnings
for eight months, including the winter, of
$6,751 59 over 0 per cent.

.It will also be observed that this capital
covers the expenditures on the whole road,
which the earnings were for three months on
44 miles, and for five months on 64 miles.-
The whole road to 1/Vhite river has not been
yet run with the regular trains.

Our number of passengers to Sept. 1,

1847, was . . . 54.204

From Sept. 1, 1847, to May 1, 1848, 72,048

126,252

Toto lg,

” without accident.
7 recently came in collision with an engine of

The number of passengers over the Con-
cord road, from April 30, 1813, to April 30,

184-4, was 73,355
1815, 100,843
184.6, 151,530

The number oftons of merchandise trans-
ported during the past year is as follows: °

By the Concord railroad to September 1,
1847,

Upward, . . . . 11,475

Downward, . . . . 0,941

18,410
From Sept. 1, 1847, to May 1, 1848,
Upward, . . 21,925
Downward, . . 15,623

37,548

Whole number of tons
Since September '1, 1847, our
gravel trains have run

55,964

51,110 miles,

Passenger trains, 32,000 “
Freight trains, 20,972 “
Extra running, 3,770 “

Total, 108,812 “
Our passenger trains have run thus far
One of our freight trains

the gravel train, in North Eifield. The
meeting was at a curve upon our road, and
the engines were not running at full speed.
No one was materially injured. The en-
gines have been repaired, at an expense not
exceeding $200 00.

In April last, as sortie Irishman were
pushing some stone cars, heavily laden with
iron, upon one of our bridges over the Mas-
comy river, in West Lebanon, the flooring,
or cross timbers, gave Way, and the men arid
cars fell into the river. Three or four ofthe
men were severely injured, but we are
happy to state that they are all recovering.

Vi/e consider we have been fortunate in
not meeting with more accidents,as we have
been obliged, necessarily, to keep a number
of different trains upon our line, for the
purpose of gravelling and running the road.

VVe have carried the mail to the dif'1"erent
offices upon our line, until recently, without
compensation : we now have a contract with
the Post Office Department, by virtue of
which we are hereafter to receive remunera-

tion.

Our contract with the three lower roads is
similar in its terms to that heretofore made
by the Boston and Lowell railroad with the
Nashua and Lowell, and Concord railroads.

During the past year the Franklin and
Bristol railroad has been organized, and its
road put under contract. The grading and
bridging of the road are now nearly com-
pleted, and its track being laid. This road
is comparatively a cheap one. Its whole
cost will not probably exceed $200,000. A
large majority of its stock is owned by stock-
holders of our road.

a cheaper rate to the public, than it could be
done by themselves, were induced, agreeably
to the suggestions of our last annual report,
to enter into an arrangement, by which it is

"stipulated that we take a lease of the Frank-

lin and Bristol road, and agree to run it——re-
ceive the income thereof, and pay their stock-
holders the same pro rota, dividends upon
their stock as we pay our own. Tliis con-
tract is made subject to the confirmation or
ratification of the stockholders of the several
roads. -

And to your action and deliberate conside-
ration, the subject is now on our part respect-
fully submitted.

'l‘he reduction of fares for freight and pas-
sengers has commanded our attention. The
lower roads have given us an example which
we propose to imitate. Though less able to
sustain the reduction, we are not less willing
knowing that the public will gain by the ex-
periment, if we do not. We propose that
our passenger fare from Lebanon to Concord

be established at . - . . $1 '75

From Lebanon to Boston at . 3 25
First Class Freig/it .

From Lebanon to Boston, .per ton, 5 80

Second Class, Lebanon to Boston, 4 80

Having given a summary of our acts, our
financial aliairs, and the condition and pro-
gress of our road, in conclusion we would
say, that friendly rialations exist between us
and with the other roads, with which we
now have or may have bttsiriess connec-
tions.

From a late examination of a portion of
the line of the Connecticut and Passutnpsic
river railroad, united with the assurance of
some of its elficient managers, we may re-
gard it as certain as any fixed fact, that their
road will be opened to Wells river, in New-
bury, Vermont, as early as November next.
Thus a new avenue, by railroad, will be af-
forded to the public for the distance of about
40 miles upon the beautiful banks of the
Connecticut river, in’ the direction towards
Montreal. -

"With equal certainty we can now calcu-
late that the Vermont Central railroad will
be finished as far as Bethei, being about 30
miles from the mouth of White river, in
June or July next, and as far as Northfield
or Montpelier, in the course of this year.-—
VVe understand that the Vermont and Canada.
railroad, connecting the Vermont Central
with the Ogdensburg road, is now being lo-
cated by an active board ofengineers. The
Ogdensburg road is under contract for its
entire length, and the work upon its line is
going forward with that prudence and energy
which ensure final success.

VVe now number in our association about
1700 different stockholders. Very many of
this number are embarked in other similar
enterprises.

V1"/e commend the extension of the lines of