This company was originally the Williamsport and Elmira Railroad Company, and was opened for through business in 1854. Foreclosed in 1860, and was reorganized as the Elmira and Williamsport Railroad Company. In 1863 it was leased to the Northern Central Railway Company for 999 years. Grand total of common and preferred stock now outstanding.. $1,000,000 811 INCOME ACCOUNT FOR YEAR ENDING SEPTEMBER 80, 1886. Rental from lessees for year $151,500 Payment from income, as follows, viz.: Dividends declared, 7 per cent on $500,000 preferred stock.. $35,000 Dividends declared, 5 per cent on $500,000 common stock... 25,000 88,500 Organization expenses.. 3,000 $151,500 * Issued for reorganization of Williamsport and Elmira Railroad, foreclosed. Title of company, The Elmira and Williamsport Railroad Company. Date of close of fiscal year, April 30. Date of stockholders' annual meeting, first Monday in May. For information concerning this report, address L. P. Geiger, Treasurer. ELMIRA AND WILLIAMSPORT. LESSEE. INCOME ACCOUNT FOR YEAR ENDING SEPTEMBER 30, 1886. $765, 559 32 539,550 83 $226,008 49 Deductions from income, as follows, viz.: Rentals $151,500 00 Taxes on property used in operation of road, on earnings and capital stock, etc. Interest on equipment.. 9,689 12 16,971 01 178,160 13. Surplus for year ending September 30, 1886 ... $47,848 36 Computed on earnings from carrying passengers only. Average rate received per mile for carrying passengers, all classes.. Should be 2.522. + Should be 0.506.-R. R. Commissioners. Local, cents. *2.936 +.512 31 DESCRIPTION OF ROAD AND EQUIPMENT. TRACK. Main line from Phil. & Erie R. R. Junction, Williamsport, Pa., to N. Y., L. E. & W. Junction, Elmira, N. Y., single track.. Sidings and turnouts on main line Grand total of tracks, sidings and turnouts... Laid with steel rail, main line Average life of ties, 8 years; weight of rails per yard -steel, maximum, 70 lbs., minimum, 60 lbs.; iron, maximum, 60 lbs., minimum, 56 lbs.; gauge of track, 4 feet 9 inches; ballasted with stone, gravel and cinders. Westinghouse automatic brake and Janney coupler used on passenger equipment; handbrake, link and pin coupling on freight equipment. Point switches in use on main track. MISCELLANEOUS STATISTICS. ITEM. In New York Entire line. Telegraph owned and operated by company, miles. Passenger cars are heated by stoves, lighted with oil and gas and ventilated by deck sash. |