OF THE

PRESIDENT AND MANAGERS

OF THE

PHILADELPHIA AND READING RAILROAD COMPANY,

TO THE

STOCKHOLDERS,

JANUARY 9, 1860.

PHILADELPHIA:

MOSS BROTHER & CO.,

430 MARKET STREET.

PRESIDENT.

R. D. CULLEN.

VICE-PRESIDENT.

J. DUTTON STEELE.

MANAGERS.

SAMUEL NORRIS,
G. W. RICHARDS,
JOHN ASHHURST,
DAVID S. BROWN,

M. S. RICHARDS, of Reading,

J. DUTTON STEELE.

TREASURER.

SAMUEL BRAdford.

SECRETARY.

W. H. McILHenney.

ΤΟ

THE STOCKHOLDERS

OF THE

Philadelphia and Reading Railroad Company.

THE Managers respectfully submit the following statement of the business of the year, showing the receipts and expenditures, and the Treasurer's general balance sheet, exhibiting the affairs of the Company on the 30th November, the end of the fiscal year.