RAILROADS IN THE STATE OF MASSACHUSETTS. STATEMENT showing the Share Capital, Indebtedness, Cost, Mileage, Receipts for transportation of Passengers, Receipts for transportation of Year. Share --Capital Account-- Debt. Capital. 1841.. 10,899,614 4,350,000 1842.. 15,110,454 4,999,556 1843.. 15,737,229 1844. 16,032,577 4,999 556 5,699,556 Cost of Length of -Gross Earnings Operating Earnings Amount of 486,894 Year $290,386 $148.943 $141,943 Floating Total Road & LENGTH OF ROAD-(Projected), Framingham Centre to Sterling........ 28.36 miles. (Completed), Framingham Centre to Northborough.. 15.03 Sidings and other tracks, excepting main line and branches, 0.95 mile. The Agricultural Branch Company was chartered on the 26th April, 1847. The road was placed under contract for construction on the 20th October, 1852, and completed from Framingham Centre to Northborough on the 1st December, 1855. On the 23d April, 1853, an agreement to lease the road to the Boston and Worcester Railroad Company had been signed, and was now ratified, that Company to have possession of and operate the road for a term of 20 years, and to pay as rent therefor to the Branch Company, in semi-annual payments, one-third the gross earnings of the leased road and of the business originating and terminating thereon, excepting Framingham Centre, the joint receipts for the business of that station being held as the business of the Boston and Worcester Company. This rent, however, was not to exceed 6 per cent. on the cost of the road; but the lessee guaranteed absolutely 6 per cent. on $60,000. SHARE CAPITAL-Authorized, $480,000, in 4,800 $100 shares. Paid in, 203,622, on 1,673 FUNDED DEBT-Described as follows 1st Mortgage 6 per cent. coupon bonds. -$97,500 -dated 1st July, 1856, and payable, principal 1st July, 1865, and interest semi-annually, 1st January and 1st July, at the Northborough Bank. The total amount provided for in the mortgage was $125,000. Received rent for the year ending 30th Nov., 1859 -$14,124 The amounts paid on account of construction to the end of the following years was thus:-1853, $10,810; 1854, $137,936: 1855, $241,069; 1856 $289,419; 1857, $312,828; 1858, $329.921; and 1859, $350,228. The receipts for rent of road under the lease have been as follows:-1856, $11,683; 1857, $10,918; 1858, $12,287; and 1859, $14,124. AMHERST, BELCHERTOWN AND PALMER RAILROAD. (Financial year ending 30th November, 1859.) LENGTH OF ROAD-Palmer to Amherst.... Calvin Bridgman.. .Amherst, Mass. .AMHERST, Hampshire Co., Mass. Sidings and other track, excepting main line, 0.39 mile. ROLLING STOCK-Locomotive engines. Cars: Passenger, 2; baggage, 2; freight, 10; gravel, 2. 19.50 miles. 1 16 The Amherst and Belchertown Railroad Company was chartered in 1850. The road was placed under construction on the 23d April, 1852, and completed and opened for public use on the 9th May, 1853. In 1857, the Company failed to pay the interest on its bonded debt, and on the 1st January, 1858, the Trustees under the mortgage took possession. On the 14th October of the same year the road was sold at auction, and purchased by the bondholders for $85,000. On the 23d November following the purchasers formed themselves into a corporation under the title of the Amherst, Belchertown and Palmer Company; and on the 1st January, 1859, the Trustees transferred the road to the new organization. SHARE CAPITAL-Authorized, $85,000. Original Capital, $195,101. FUNDED DEBT-None. Of the old Company, $85,000. COST OF ROAD AND EQUIPMENT (30th Nov., 1857), $295,337 as followsSuperstructure, including iron $219,659 Engineering ........ Stations, buildings and fixtures............ 9,231 Rolling stock.. Land, land-damages and fences....... 27,982 Agencies and other expenses The construction account is now stated at $86,200. Receipts INCOME ACCOUNT FOR THE YEAR ENDING 30TH Nov., 1859. $1,911 17,975 18,578 Disbursements $9,139 Maintenance of way $2,650 12,992 Repairs of rolling stock.. 1,868 13,225 570 Dividend of 6 per cent. on $85,000.. 5,100 830 . $23,673 Total. . $23,673 Cost Year. of Road. age. Pass'gers. Freight. Mails, etc. Total. Expenses. Earnings. S 1853..$263,743 19.50 (Included in New London, Williamantic & Palmer Returns.) nil. 1854. 290,077 19.50 $947 $8,631 $18,111 $13,283 $4,828 1855. 293,910 19.50 13,227 12,952 1,236 27,415 22,670 1856.. 294,743 19.50 8,537 10,713 1.003 20,253 16,737 1857.. 295,337 19.50 10,853 10,399 1,438 22,690 17,343 1858.. 295 337 19.50* 10,001 13,276 1859.. 86,200 19.50 -Div.p. c. 7,267 136,520 102,963 33,556 5,100 10,048 11,493 1,211 22,753 17,160 5,593 850 6 yrs $1,555,604 117.00 60,290 68,963 Aver.. 259,267 19.50 * Eleven months' operations. Charles Hunt... BERKSHIRE RAILROAD. Bridgeport, Ct. | Oliver Peck.. CHARLES W. HOPKINS, President.... LENGTH OF ROAD-West Stockbridge to Connecticut line ....Bridgeport, Ct. Bridgeport, Ct. ROLLING STOCK-None. Owned by Housatonic Company. 21.14 miles. The Berkshire Railroad Company was chartered in 1837. Construction was commenced in February, 1841, under contract for $250,000, and to be completed by the 22d May, 1843. On the 1st December, 1842, however, the road was so far completed that the cars of the Housatonic Company passed over its whole length; and on the 11th January, 1843, the line was leased to that Company in perpetuity, at 7 per cent. on its cost. On the 6th February, 1844, the Company accepted a lease of the West Stockbridge Railroad, in conjunction with the Hudson and Berkshire Company, and transferred its rights to that road to the Housatonic Company. On the 18th December, 1845, the Berkshire Company contracted with the Housatonic Company to have its road laid with heavy iron, for which purpose its capital was increased $250,000, and the work was completed during the next year. On the 23d June, 1847, a further contract was made with the Housatonic Company under which this Company advanced $100,000 for the purchase of rolling stock. On all these sums the same rate of interest (7 per cent.) is paid in monthly instalments, and the proceeds are divided among the shareholders. quarterly. The Company also holds 80 shares of its own stock, the dividends on which are sufficient to pay all current expenses. SHARE CAPITAL-Original amount,$250,000, in 2,500 $100 shares. (6 1847, 100,000, in 1,000 -making a total of $600,000, on which there is divided $42,000 per annum. FUNDED OR FLOATING DEBT-None. COST OF ROAD AND EQUIPMENT $600,560: in detail as follows Material and construction...... Agencies and other expenses ·$500,000 | Passenger and baggage cars...................... $100,000 650 INCOME ACCOUNT FOR THE YEAR ENDING 30TH Nov., 1859. BOSTON AND NEW YORK CENTRAL RAILROAD. The Boston and New York Central Railroad Company was the successor of the Norfolk County Railroad Company, the Southbridge and Blackstone Railroad Company, and the Midland Railroad Company, which were consolidated into the Boston and New York Central Railroad Company on the 12th December, 1853. Agreeably to provision contained in the charters of the several companies named, the Boston and New York Central was sub sequently merged in the Midland Railroad Company, which was chartered on the 19th March, 1858, and organized on the 31st of the same month.(See Midland Railroad.) BOSTON AND CHELSEA RAILROAD. (See Boston City Railroads, postea; see, also, the Malden and Melrose Railroad Co.) Woburn Branch, South Woburn to Woburn Centre..... Total length of road owned by Company.... Length of Road leased, rented and operated by Company: 26.76 miles. 1.86." 28.62 miles. ....... 12.35 66 Salem and Lowell Railroad, Tewkesbury to South Danvers. 16.88 Second track, sidings, and turnouts, 2.29 miles. Second track, sidings and turnouts, 1.74 miles. Total length of line operated by Company.. ROLLING STOCK-Locomotive Engines 57.85 miles. 21 ...592 Cars -Passenger, 26; baggage, 11; freight and gravel, 555. The Boston and Lowell Railroad Company was chartered on the 8th June, 1830. The capital was limited to $500,000 in 1,000 $500 shares. In 1833 the Legislature authorized its increase to $600,000; in 1834 to $1,200,000; in 1836 to $1,800,000, and in 1838 to $2,100,000. The construction of the road was commenced in the summer of 1831, and the whole line was opened for public use on the 26th June, 1835. In 1841 the road was laid with a second track. The Woburn Branch Railroad Company was incorporated in 1844 with a capital of $30,000. The franchise of this Company was subse |