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To balance.....

183,671 11 To operating expenses.

1,312,919 64 8,026,310 56 4,101,898 63 5,205,515 58 no interest on bonds.

427,115 38 760,559 39 922,322 09 889,630 00 To dividends on stock.

530,782 50 872,827 50 To C. & P. R.R. Co., on account of joint earnings...

277,029 18 To construction, &c..

979,147 56 1,517,162 25 To taxes and sundries

43,247 87 To balance to credit eide.

97,055 00 1,818,070 45 3,062,130 75 Debit.....

$2,783,430 45 $5,585, 758 31 $7,372,573 67 $10,307,133 01

GENERAL ACCOUNT-LEDGER BALANCES.

The financial condition of the company, as shown in general account Dec. 31, yearly, has been as follows:

1862.
1863.
1864.

1865. Capital stock..

$5,709,591 61 $6,164,531 89 $8,181,126 12 $9,312,442 00 Funded debt.

12,935,173 00 12,935,173 00 12,656,000 00 12,573,500 00 Due to other companies ..

44,623 45 34,439 48 60,481 82 181,871 88 Bliscellaneous liabilities,

36,651 54 212,188 22 371,676 71 418,041 24 Current expenses on debt and princ.. 413,237 89 $44,97 75 833,421 14 819,376 12 Trustees..

312,399 20 12,110 56 20,893 66 115,331 13 Balance to credit of income.

97,055 00

1,818,070 45 3,062,130 75 Total..

$19,451,676 69 $20,029,795 90 $23,942,669 90 $26,515,693 09 Coet of railway, &c..

17,726,353 42 18,191,293 70 21,164,329 77 23,183,381 33 Supplies on hand.

462,511 08 5.36,719 22 1,052,058 70 969,053 93 Due from other companies.

121,429 15 296, +36 59 606,185 41 417,948 84 Miscellancong assets..

306,014 72 674.506 29 768,519 86 963,550 14 Cash in hand

611.667 21 330,810 10 351,576 15 1,011,758 85 Balance to debit of income

183,671 11 Total........

$19,451,676 69 $20,029,795 90 $23,942,669 90 $26,545,693 09 The principal items (other than current) included under the head of " Miscellaneous Assets," at the close of each fiscal year, are shown in the following statement :

1862. 1863. 1864. 1865. Western Union Telegraph Co.....

$3,830 02 $7,683 77 $14,815 87 $22,743 32 (new)

9,195 17 Akron Branch Bank (cost).

179,829 40 Stock account.......

26.95 1 80 Bond script..

2,462 81 3,452 46 3,579 71 Sinking funds.

104,100 00 208, 200 00 Crestliue estate.

8,006 60 9,538 99 Illinois & So. Iowa R.R. CO., bond account

10,094 61 Pittsburg Grain Elevator-stock account..

8,750 00 Union Stock Yarus, Chicago..

149,861 71 The principal items under the head of " Miscellaneous Liabilities," are interest and dividends uncalled for and bills payal le-the latter as follows: In 1862, $2,781; in 1863, $198,369 26; in 1864, $228,050, and in 1865, $286,920 50.

The expenditures on account of construction and equipment, for the last four years, bave been to the following amounts :

Eastern

Western
Division.
Division.

Total. Fiscal years.

(188 miles) (250 miles) (468 miles) 1862 (4 monthe)...

$67,472 57 $64,812 43 $132,285 09 1862 (8 months)..

363,302 02 606,815 54

970,147 56 1863...

633,084 01 884,078 24 1,517,162 25 1864.

1,510,223 08 1,193,518 76 2,703,741 84 1865.

1,149,575 87 860,334 81

2,009,910 68 Aggregate......

$3,723,657 55 $3,609,589 78 $7,333,247 33 The funded debt of the company on the 31st December, 1865, was constituted as follows:

Interest
Series.

Amount. Rate. _payable.
First Mortgage BondeA

pon paid. $875,000 7

Jan. & July. July 1, 1862 (dated Mar. 1, 1862, В.

875 000 7

Feb. & Aug. Aug. 1, 1862 dod payable July с

875,000 7

Mar. & Sep. Sep. 1, 1862 1, 1912.) D.

875,000 7 April & Oct.

Oct. 1, 1862 E 875,000 7 May & Nov.

Nov. 1, 1862 F

875,000 7 June & Dec. Dec. 1, 1882

First con

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COST OF ROAD AND EARNINGS, ETO., SINCE CONSOLIDATION, The business of the consolidated road dates from August 1, 1856. The following shows the progress of construction, and the result of operations for the nine years and five months since that date to December 31, 1865 : Fiscal

Cost of Miles Gross Operating Nett Divid'ds years.

road, &c. of road. earnings. expenses. earnings, on stock. i 56 (5 mon).

$12,764,894 338 $795,579 $273,434 $522,115 1937...

14,048,759 383

1,660,425 1,036,011 62,414 349,830 1858.

14,631,110 383 1.567,232 965,573 601,659 1859..

15,557,779 465 1.965,988 1,291,33 671,655 1ᎦᏣᏍ .

16,700,407 467 2,335,354 1,573,799 761,555 1361

18,663,595 467 3,031,787 1,732,066 1.299,721 1562.

17,736,353

468

3,745,311 1,878, 99 1,866,912 1863.

18,191,293 468 5,132,934 3,026,311 2,106,623 1864.

21,161,330 468 7,120,166 4,101,399 3,019,067 530,782 1865..

23,183,381 468 8,489,062 5,205,515 3,283,517 872,827 The following, deduced from the above statement, exhibits the cost, earnings, &c, per mile, the rate of expenses to earnings and of the nett earnings to cost of road; also, the rate of dividends paid for the same years : Cost of -Per mile of road.

Rates p. c.

Divi's road, &c. Gross Operat's Nett Exp. to Nett earn, in sik p. mile.

earnings. expenses. earn'gs. earn gs. to cosi.&c. p. c.. 1856

$37,800 $2,354 $513 $811 21.79 2.23 1857.

36,700 4,336 2,705 1,631 62.39 4.44 6 1858. 38,200 4,092 2,521

1,571 61.62 4.11 nil. 1859.

33, 100 4,228 2,777 1,451 65.68 4.34 1860.

35,500 5,001 8,370 1,631 66.74 4.69 1861.

39.990 6,492 3,709 2,783 57.13 6 95 1862.

37,600 8,003 4,014 3,989 50.00 10.61 1863.

38,800

10,968 6,462 4,506 59.92 11.61 1864. 45,200 15,214 8,763 6,451 57.66

14.27

7% 1505

49,500 18,139 11,123 7,016 61.45 14.19 10

nil.

PRICE OF STOCK AT NEW YORK. The following table exbibits the monthly range of prices paid for the stock of this company in New York during the years 1863, '64 and 65 :

1863.
1864.

1865. Jinuary..

60%@76 82%, 89 90 C102% Fbruary

61% 68% 87 0101

90 a 9736 Mirch

56 67

99 @146% 77%95% A ril.

57 (69 101 215274 8040100 Miy.

67%85% 10540121% 90% 0102 June.

61 07872 112 @119

91% @ 97 64 @75%

109 (0.117 July..

9540101 August...

71 @ 96
110 1117

92 ( 98% September..

71 C92% 94 @110% 97%@ 100 Otober.

82% 0.91

87 @102% 934 0107 November

78 90

100% 0,110 10140106% December

79% 387

994@1064 102 @106% Year

56 96 827152% 777@107

203

ILLINOIS CENTRAL RAILROAD. The Illinois Central Railroad appears on the map as a great Y, with its root ristirg ou Cairo at the confluence of the Ohio with the Mississippi, and its arms—the one on Chicago, the principal port of Lake Michigan, and the other on Dupleith (opposite Dubuque), the most portherly port of Illinois on the upper Mississippi The length of these several constituents of the road is as fullows: Leg Centralia to Cairo...

112 miles. Right arm... .......

to Chicigo. Left arm... Total length of lines owned by Company....

703 miles. The whole line was completed and opened for travel and traffic in 1856, the last rail having been laid down on the 27th September of that year. Since this date ten annual reports have been issued; but as the whole road has been in use less than ton years the following statements so far as they relate to business operations, cover only the results of the pine full years ending December 31, 1865. The fiscal operations of the company are given for the ten years 1866–1865 both inclusive.

to Dunieith

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EQUIPMENT-ENGINES AND CARS. The following statement exhibits the amount of rolling stock, in use or otherwise owned by the company at the close of the fiscal years 1856–65: Close of Loco- Number of Cars, Close of

Loco Number of Cars. years. motives. Pass. Bag., &c. Fre't. years.

motives. Pass. Bag., &c. Fre't. 1836. 91 62 1,610 1861..

128 71 23 2,347 1-57. 127 15 22 2,301 1862.

112 71

2,312 188 129 72 2,305 1863.

116 72 29 2,955 1859. 128 73 23 2,362 1864.

126 78 29 3,275 1860. 129 61 22 2,310 1865..

148 79 83 3,337 The locomotives on December 31, 1865, were classified as follows:—25 in passenger trains, 81 in freight trains, 3 in working trains, 16 in switching, 1 in running pay car and 22 under repairs in shops. Excepting 9, all the locomotives were coal burners.

OPERATIONE-ENGINE MOVEMENTB, PASSENGER AND FREIGHT TRAFFIC, ETO. The following statements exhibit the main features of the operations of the company yearly for the nine years ending December 31, 1865.

I he miles run by locomotives hanling trains were as follows: Years.

Pase. Freight. Work'g Wood. Switch'g. Total. Coat p m, 1857. 968,413 865,921 160,765 71,061 163,708 2,229,898

26:22 cts. 1858

899,925 726,480 185,843 29,200 156,696 1,998,144 19:81 " 1859.

953,28 838,205 175,447 42,030 133,894 2'142,864 20:78 " 1860. 926,843 1,124,562 122,277 61,737 202,103 2,437,822

20:17 " 1861.

807,386 1,318,5-8 62,994 31,675 201,380 2:458,023 1862.

855.522 1,224,332 59,176 1,780 420,382 2,561,192 1863.

952,875 1,611,197 110,886 1,769 833,70 3,010,697 1864.

942,580

1,997, 709 75,826 4,620 366,115 3,386,850 1865

1,010,961 1,977,163 69,878 8,027 446,437 3,507,466 37:44 The number and mileage of passengers, &c., yearly, were as follows:

Miles Number Passengers Average -Revenue.--Fiscal

run by of carried one miles to years. trains. passeng's. mile. pase.

Amount.

P. m. 1857...

968, 143 714,707 53,248,800 74.7 $1,064,978 2:00 cts 1858.

899,925 568,670 32,812, 259 55.9 819,829 1859..

953,283 609,585 38,464,814 63.1 811,412 2:09 180. 926,843 496,291 39,111,459 79.6

846,693 2:16 1861

807,386 491,583
33,059,135 67.3 804,769

2:43 1862.

855.522 674,767 62,580,421 92.7 1,329,766 2:12 1863. 932,875 852,659 78,078,752 85.7

1,797,972 2:46 1864.

944,580 1,109,937 96,811,726 87.3 2,364,898 1865.. 1,010,961 1,214,054 88,614,439 73.0

2,722,262 The number of tons of freight carried, and the tons of freight carried one mile, &c., are shown in the following statement:

18:92 44 17:42 16 22:28 " 33:52 "

P. pass.

2:49 *

2:44 " 3:07

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The sources and amount of gorss earnings, the expenses of operating the road, and the amount of profits yearly for the ten years ending December 31, 1865, are showed in the following statement : Fiscal

-Gross earnings.-

Operati'g Profite. years. Passeng's. Freight. Other. Total

expenses.

Gross. Nett. 1851

$1,112,402 $1,156,471 $207,162 $2,476,035 $1,459,966 $1,016,069 $433,437 18 7

1.061,978 1,037,988 251,237 2,357,203 1,820.4 84 537,119 1.473 1858

819,829 975,915 180,804 1,976,578 1,419,955 556,623 424,518 1839

811.412

1,107,019 196.018 2,114 449 1.509.530 604,869 492.765 1800

816,693 1,623,711 251,187 2,721,591 1.691,204 1,023,187 850.630 1861

804,769 1,976,136 218,707 2,199,612 1,584,344 1,315,268 1,150.903 1862

1,329,766 1.995,767 220,294 3,445.827 1.615,256 1.830.571 1,100,571 1863

1,797,972 2,566,759 272,097 4.636,828 2,151,787 2,485,011 2.118 847 1864

2,360,398 3,706,632 262, 417 6,329,447 3,460.739 2,868,703 2,463.194 1865

2,722,262 4,040,587 418,359 7,181,208 4,509,794 2,671, 114 2,174.934

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The last column shows the profits less the charter tax of 7 per cent on the gross earnings, payable to the State of Illinois. Including the income from land the pet recei, t have been as follows:

Profits Net rec. from L'I D'p't applic. to Fiscal

Interest Construct'n Free Free land Profits & Total Yearg. above. fund bonds. land bonds. fund. loss.

means. 1816 $933,437 $201.861 $116.104 $11,847

$1,37,219 1857.. 391,473 300.529 426,788 54.401

1,189,191 1858. 421,618 157,114 374,173 56,951

1,012,856 1859. 492, 765 72.202 39 ,515 14,802 $41,762

1.016,076 1860. 850,630 173,089 428.161

52,060

1,503 913 161. 1,150,903 233.53 33.922

72.376

1,78",056 1062.. 1,600,571 212,526 192,991

57,627

2.002.714 2,118,847 669,214 466.706

151,044

3.396, 881 1831.. 2,463,194 730.971 1,410,090

290,620 $62,604 4.98.478 1865., 2174,924 432, 905 1,212,062

288,910 59,862 4,161,664

1863..

From which were disbursed the interest and dividend accounts as follows:

-Coupons on bonds, viz- Interest Sterl. Divid's Cancel'd Fiscal

Construc

Free Other Redemp-on full ing ex- on bods, fcrip Years.

tion. land, bonds. tion. stock, change, shares. divid's. 1856...

$1,095 187 $209,552 1857..

1,081.318 207,445 $58,590 1858.

1,110,610 202,60 27,527 1859.

1,055,085 187,635 44,820 1350. 1,026.507 119,497 38,560

$111,271 1951.

1,026,957

30,827

319.062 1862.

1,008. 867

29,732

357.640 1863.

990,337

25.790

194,500 $77,670 $779.056 1801.

950,212
23,055 $26.760

118,718 1,665.23031,712,270 1865.

613,875

12,635 153,510 128,537 2,236,587 --and up to the close of 1857 interest was paid on the share stock. The balance re maining after paying the above bas mainly been applied to construction.

CAPITAL ACCOUNT.

The following is an analysis of the General Balance Sheet presented at the clos

of each year.

Cancelled

Net Bonds construc.

Bonds canc'd by float. deliv'd Close

Capital bonds Funded Land Depart liabil- Land Total of y'r. stock. scrip. debt. Construc. F.l'ds. ities. Dept.* amount.

$ '56.

3,258,615
17,705,495

2,136,229

23,100,339 57

6,556,435
18,00-.650

2,307,042

26.572.127 *58 80,181,210 17,532,779

396,1637

128,163,156 59. 11,117,090 17,962,749

675,603

130,020,202 15,654,980 15,672,340 7,621

33.211,720 61 15.829.095 1,881,500 15.277,500 2,086,500 138.000 172,929

33,504,024 '62. 16,824,360 1,772.270 15,060,500 2,276,500 138,000

36,071,630 63. 17, 213,700 1,772,270 14,649,000 2,671,000

36,335,970 64. 20,808, 100 169,010 13,232,000

3,871,000 38,080,110 '65. 23,374,500 37,160 12,331,500

4,925,000 40,668,060 Against which are charged, viz. :

Interest &

Net assets Working Fiscal

Permanent Dividend Sundry in Chic. & stock of Total Years.

Expendit'e. account. * Iteme. N. Y. supplies. account, 1856. $21,447,919 $1,623,538 $24,852

$23,100,339 1857. 23,437,669 2,829,053

$605,405 26,872,127 1858. 23,726,241 3,885,733

551,192 29,103,166 1839. 24,166,782 4,728, 203 695,263

429,954 30,020,202 1860.

27,195,391 4,991,214 31,054 $509,910 479,121 33,211,720 1861. 27,492.988 4,978,366

544,565 488,103 33,501,024 1862 27,764,671 6,284,741+

1,495,081 616.136 39.971,630 1863. 28,610,229 5,283,920+

1.826.396 615,425 36,335,970 1864...

29,675,410 4,521,105 353,673 2.454,242 1,073 677 38,080,110 1865..

30,519,244 7,161,608 367,967 1,732,163 876,478 40,60S,060 The following statement exhibits the amount of each series of bonds outstanding December 31, yearly : Construction Free land Optional Deben

8 per ct. Total Dec. 31,

bonds. bonds. right bonds. tures. bonds. amount. 1856.. $14,799,915 $2,079,877 $526,673

$17,705,495 1857.. 15,192,559 2,079,877 736,214

18.008,650 1858.. 15,387,902 2.079,877 65,000

17,532,779 1859. 15,337,902 2,079,877 61,000 433,970

17.962,749 1860.

15,253,500 6,000 39,000 42,740 332,100 15,672,340 1861,

14,913,500

38.000

326,000 15,277,500 1862.

14,329,000

33,000

287,000

14,649,000

Redemp. bds. 1868.

14,794,500

33,000

304,000 15,131,50 1864.

10,872,000

33,000 2,086,000 241,000 13,232,00 1865.

9,733,500

32,000 2,563,000 3,000 12,331,50)

PROPORTIONAL DEDUOTIONS. The following, deduced from the forgoing statements, exhibit the cost of the proo perty, the amounts earned and expended in operations, and the net earnings per mile of road; the proportion of expenses to earn ings, and of net earnings to cost of property; and the rate of dividends paid on the capital stock for the ten years clos ing with December 31, 1806 :

Net
Cost of

Amount per mile... Expenses earn. to Div.on Fiscal property Gross Operati'g

Net to earn- cost of stock, years.

per mile. earnings, expenses. earnings. ing8. property. P. C. 1856

$30,294 $3,497 $2,172 $1,325 62.11 4.37 1857

83,104 3,329 2,776 553 83.39 6.67 188

33,512 2,792 2,193 599 78.55 1.80 1859

34,134
2,986 2,290

696 76.69 2.04 1860

88,412 3.814 2,643 1,201 68.97 3.13 1861 38,832 4,095 2,470

1.625 60.32

4 19 1862

39,217 4,867 2,606 2,261 53.54 5.77 1863 40,410 6,519 3,555

2,994

54.30 7.41 1861

41,914 8,940 5,461 3,479 61.09 8.30 8 1805 43,107 10,143 7,071 3,072

69.71 7.13 10 & 10 1866, Dividend in February.

5

* Less amount in hands of Trustees.
+ & # Including Trustees Peoria & Oquawka R.R. bonds.

Interest and dividend account, less avails of interest fund.
Including $1,772,270 cancelled bonds scrip dividends of October, 1858, and January

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