Laws. 1848, p. 1849, p. 1852, p. 183 1853, p. 445 1854, p. 25 1855, p. 742 1852, p. 32 1846, p. 1846, p. 1848, p. 1849, p. 1850, p. 422 1852, p. 143 1853, p. 438 1856, p. 31 1856, p. 148 1846, p. 1848, p. 1849, p. WALTHAM & WATERTOWN BRANCH 1849. p. 1857, p. 477 46 1851, p. 595 1855, p. 806 1855, p 611 1846, p 1847, p. 1833, p. 1836, p. 1837, p. 1837, p. แ 1838, p. แ 1838, p. 1839, p. แ 1839, p. 1841, p. 1845, p. 1845, p. 1845, p. 1845, p. 1845, p. 1847, p. 1852, p. 801 1855, p. 1855, p. 872 Abstracts of Laws. Relative to bridge over Charles River, May 10 Relative to sec. 3 of act incorporating, Feb. 28. Relative to terms, etc., of mortgage, Mch. 31. Act of incorporation, April 21. Time for construction extended, April 4. Authorized to change location, April 29. Authorized to extend road, April 9. Time for construction extended, March 24. Act of incorporation, April 16. Time for construction extended, April 23. State may subscribe for shares, April 4. Relative to payment of subscription, April 15 Relative to location of road, March 17. Relative to payment of subscriptions, Feb. 25. Additional to act increasing capital March 26. May increase capital stock, May 9. Income to be paid to the State, April 13. 1859, p. 338 Authorized to issue bonds, April 5. 1854, p. 358 Act of incorporation, April 29. 1856, p. 16 Time for construction extended, February 26. Act of incorporation, April 16. 1847, p. 1857, p. 593 Act of incorporation, May 28. 1854, p. 298 1856, p. 117 1856, p. 564 1858, p. 28 Act of incorporation, May 28. Supplement to act of incorporation, May 26. Abstract of Laws. Time for filing location extended, Jan. 27. Time for filing location extended, March 20. Act of incorporation, May 19. May unite with Hampden and Shelburne Falls Railroad, May 25. Act of incorporation, May 21. Act of incorporation, April 24. May unite with Lebanon Springs, April 21. Authorized to increase capital stock, May 22. Time for location extended, April 9. May unite with Boston, Norwich and New London Company, April 10. May aid construction of Norwich and Worcester Railroad, March 20. May subscribe to Worcester & Nashua, Mh. 26. May increase capital stock, April 26. Claim of the State released, May 2. STATE OF RHODE ISLAND. BOSTON AND PROVIDENCE. HARTFORD, PROVIDENCE AND FISHKILL. NEW YORK, PROVIDENCE AND BOSTON. PROVIDENCE, Warren and Bristol. The New York, Providence and Boston, commonly known as the Stonington Railroad, was the first railroad constructed in the State of Rhode Island. Its construction was commenced in 1835 and completed in the latter part of 1837. The Company soon thereafter became embarrassed in its finances, and obtained relief by a compromise with its creditors in 1844, whereby their claims were reduced from $1,300,000 to $650,000. By the terms of the compromise the sum of $50,000 annually was to be applied as a sinking fund for the retirement of the Company's bonds, which have been thereby reduced to $312,900. In addition, the Company has paid dividends averaging 3 per cent. annually. No other road was constructed in the State till 1847, when the Providence and Worcester Railroad was opened, and the line of the Boston and Providence changed, so as to enter Providence on the west side of the city. Both of these roads have been described among the railroads of the State of Massachusetts. In 1854, the Hartford, Providence and Fishkill Railroad was opened between Providence and Hartford. Toward the construction of this road the city of Providence loaned its credit to the amount of $500,000 in its six per cent. bonds, taking as security therefor the bonds of the Company, bearing 7 per cent. interest-the difference between the two rates to constitute a sinking fund for the payment of the city bonds. The road has been unproductive on its stock, and is in default on its bonds. It is more particularly described among the railroads of Connecticut. The road next constructed was the Providence, Warren and Bristol, which was opened in 1854. This road has been unproductive on its stock, and has been in default in the interest on its bonds for several years past. These bonds have been recently converted into a preferred six per cent. stock, and cancelled. The only road in progress is the New York and Boston, on which about $150,000 has been expended. No portion of it has been completed. The work of construction on it is now suspended. It is designed to form a portion of a road of the same name, lying partly in the States of Connecticut and Massachusetts. RAILROADS IN THE STATE OF RHODE ISLAND. STATEMENT showing the Share Capital, Indebtedness, Cost, Mileage, Receipts for transportation of Passengers, Receipts for transportation of Gross Earnings Year. Share -Capital Account- Cost of 1844.. $1,300,000 $650,000 1,300,000 78,569 86,049 129,128 Length of Year. $111,410 $43,314 .1844 37,586 13,860 130,015 88,699 41,316 66 ..1845 41,796 10,997 138,842 91,031 47,811 32,500..1846 57,056 12,523 198,707 77,824 120.883 65,000 1847 1,886,650 1,886,650 50 00 117.908 56.469 6,764 181,141 86,104 95,037 65,000 ..1848 2,094,280 2,094,280 50.00 117,777 56,479 6,754 181,010 86,230 95,780 16,250 ..1859 2,045,946 2,045,946 50 00 116,276 64,495 5.739 186,510 91,197 95,313 nil 1,999,946 1,999.946 50.00 128,043 73,289 5,916 207,248 89,508 117,740 65,000 1,993,000 1,893,000 50.00 134,410 63,802 13,198 211,410 99,359 112,051 1,975,700 1,975,700 50.00 144,140 84,422 12,077 240.571 95,810 144,761 105,559 .1853 1,953,700 1,953,700 50.00 175,439 102,027 11,649 289,115 121,518 167,597 45,239 -1854 2,336,800 2,363,860 63 60 167,692 108,878 10,009 256,579 2,338,200 63.60 172,964 178,957 107,922 37,692 ..1855 1845. 1853 .... 1859... 1,795,917 422,836 36,139 2,254,892 3,258,567 63.60 16 years. $23,882,488 $9,089,274 $151,991 $33,123,753 $33,097,623 868 00 $2,140,860 $1,178,555 $156,012 $3,477,427 $1,893,724 $1,563,703 $709,253 16 yrs. The total liabilities of the Railroad Companies of the State are $2,254,892, of which $1,795,917 are in stock; $422,836 in funded debt, and $36,139 in RAILROADS OF THE STATE IN DETAIL. BOSTON AND PROVIDENCE RAILROAD. (See Boston and Providence Railroad of Massachusetts.) NEW YORK, PROVIDENCE AND BOSTON RAILROAD. (Financial year ending 31st August, 1859.) BOARD OF DIRECTORS AND OFFICERS, 1859-60. Thomas Tileston....New York City, N.Y. | William F. Cary....New York City, N.Y. Samuel Sloan....... James J. Day.... 66 Nathan F. Dixon. MATHEW MORGAN, President.. A. S. MATHEWs, Superintendent PRINCIPAL OFFICE... .Stonington, Conn. . Westerly, R.I. .New York City, N.Y. .Stonington, Conn. LENGTH OF ROAD-Providence, R.I., to Stonington, Ct...... ROLLING STOCK-Locomotive engines.... ..50 miles. 11 Cars-Passenger, 15; baggage, mail and express, 8; freight, etc., 87....110 The New York, Providence and Boston Railroad Company is a consolidation of of the company of the same name chartered in Rhode Island in June, 1832, and the New York and Stonington Railroad Company chartered in Connectient in May, 1832. The act of consolidation was passed by the Legislature of Connecticut in May and of Rhode Island in June, 1833, and the two companies were merged on the 1st July of the same year. The road was completed and opened for public use in the fall of 1837, and ten years later was extended into Providence and to a connection with the Providence and Worcester, and Boston and Providence Railroads, At the date of the completion of the road its total cost was $2,600,000, in equal parts of share capital and bonds. The Company soon fell into embarrassment, and in 1844 found itself owing $1,900,000. To relieve it, and at the same time to exchange for a new security one of doubtful validity, a compromise was proposed, whereby the creditors agreed to receive $650,000 new bonds in full discharge of their debts. By the terms of the compromise, $50,000 was to be annually appropriated toward the principal and interest of the new bonds. The sums so appropriated, at the date of the last fiscal report of the company, had reduced the bonded debt to $312,900. From the date of the compromise, the nominal cost of the road, by the application of the sinking, was steadily reduced till 1848, when the sum of $215,280 was raised for the purpose of extending the road into Providence, on the west side of the town. For this object, Extension Bonds were issued, falling due 1852. These were paid by an issue of 6 per cent. preferred stock, to the amount of $208,000, increasing the amount of stock issued to $1,508,000-the original amount having been $1,300,000. The holders of the old stock were privileged to subscribe 16 new shares to every 100 old shares held by them. On the 1st November, 1859, the Company took a lease for five years of |