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OF THE

PRESIDENT AND MANAGERS

OF THE

PHILADELPHIA AND READING RAIL ROAD COMPANY

TO THE

STOCKHOLDERS,

JANUARY 13, 1851.

PHILADELPHIA:
MOSS AND BRO THER.

12 SOUTH FOURTH STREET.

[blocks in formation]

REPORT

OF THE

PRESIDENT AND MANAGERS

TO

THE STOCKHOLDERS

OF THE

PHILADELPHIA AND READING RAIL ROAD COMPANY.

The Managers submit the following statements of the business of the fiscal year, ending Nov. 30, 1850 :

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