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Cents.

5.

ITEM. .
Computed on earnings from carrying passengers and freight only.
Average rate received per mile for carrying passengers, regular
Average rate received per mile for carrying passengers, excursionists and

2,000 mile commutation tickets
Average rate received per mile for carrying passengers, 1,000 mile commu-

tation tickets Average rate received per mile per ton for carrying freight, all classes..

2.5

3.5 9.38

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Average life of rails, steel, pone yet worn out;* average life of ties, 5 years; weight of rails per yard, steel, 40 lbs.; iron, 30 lbs.; gauge of track, 3 feet 6 inches; ballasted with gravel.

EXTIRE LISE
ALL IN NEW YORK STATE.

BRIDGES.

Number.

Aggregate

length.

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Bridges where openings from 12 to 32 feet span are crossed upon

wooden beams trussed with iron rods and resting on masonry Wooden bridges, pony truss Howe bridges.. Wooden trestles, pile bridges Bridges with spans from 10 to 15 feet, without truss rods under stringers - stringers resting on masonry..

Total ...

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Title of company, Herkimer, Newport and Poland Narrow Gauge Railway Co General office at Newport, Herkimer county, N. Y. Date of close of fiscal year, September 30. Date of stockholders' annual meeting, fourth Tuesday in June. For information concerning this report, address Edward M. Burns, Presiden E. Merritt, Secretary.

For history of organization, see Report of 1885.

This road was leased to the Ulster and Delaware Railroad Company, by eas and bearing date March 13, 1886, for the term of eighteen years from May 1, annual rental of $3,000 per annum, payable quarterly on May 1st, August 1st, 1st and February 1st.

All expenditures for additions and betterments, including "taxes and insuran expenses of maintenance and operation of the road are to be borne by the lesse

CAPITAL STOCK.

Ca

O ou

Tota Sep

GENERAL BALANCE SHEET SEPTEMBER 30, 1886.

Assets. Cost of road,

$42, 897 63 Profit and loss (deficiency)

7,102 37

$50,000 00 LIABILITIES. Capital stock..

$50, 000 00 OFFICERS OF THE COMPANY. Name.

Title.

Official Address. Thomas CORNELL..

President.....

Rondout, N. Y. CHARLES BRAY......

Vice-President.

Rondout, Y. Y." SAMUEL G. DIMMICK..

Secretary and Treasurer. Rondout, N. Y.

DIRECTORS OF THE COMPANY.
Name.

Residence.
THOMAS CORNELL..

Rondout, N. Y. CHARLES BRAY

Rondout, N. Y. Daniel B. Srow..

Rondout, N. Y. Isaac M. North..

Rondout, N. Y. SAMUEL G. DIMMICK

Kingston, N. Y. CHARLES REYNOLDS.

Kingston, N. Y. THOMAS R. TREMPER.

Kingston, N. Y. Title of company, Hobart Branch Railroad Company. General office at Rondout, N. Y. Date of close of fiscal year, September 30. Date of stockholders' annual meeting, second Tuesday in March.

For information concerning this report, address Samuel G. Dimmick, Secretary and Treasurer.

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The foregoing, bonds, together with 1,900 shares of stock, were issued in payment for property in the city of Buffalo, conveyed to said corporation or pow owned by it.

COST OF ROAD.

Total cost of road

$599,000

The corporation is unable to separate the cost of its road into items calied for in blanks furnisbed for report. The entire cost of superstructure, including rails, was $191, 000, and for land damages and fences, $418,000, making a total of $599,000. There hare been no additions or betterments during the year ending September 30, 1886. The reason why such separation cannot be made is because the property acquired was that of a complete railroad.

This company has no equipment of its own, all used by it baving been supplied by other corporations with whose tracks it makes connections.

INCOME ACCOUNT FOR YEAR ENDING SEPTEMBER 30, 1886. Gross earnings from operation......

$54, 412 14 Less operating expenses (excluding all taxes)..

86, 049 61 Net earnings from operation.

$18,362 55 Income from other sources, as follows, viz.: Rentals of real estate...

3, 600 00 Gross income from all sources,

$21, 962 53 Deductions from income, as follows, viz. : Interest on funded debt due and accrued..

$24,000 00 Taxes on property used in operation of road.

5,093 50 Taxes on earnings and capital stock...

298 12

29, 381 62 Deficit for year ending September 30, 1886....

$7, 419 09

GENERAL INCOME ACCOUNT.
Deficit for year ending September 30, 1836, as shown
Deficit up to September 30, 1885....

Total deficit September 30, 1886........

$7, 419 09 13, 359 69

$20,778 TS

ANALYSIS OF GROSS EARNINGS AND OPERATING EXPENSES.

EARNINGS. On account of handling coal

$54, 412 14

OPERATING EXPENSES.
Maintenance of way and structures :
Repairs of track
Other expenses for maintenance of way and structures

Total

$938 19 6,538 51

$7,476 10

Maintenance of equipment :
Expenses for maintenance of equipment.....

$1,102 40

* Should state months when interest is payable.-- R. R. Commissioners.

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