Computed on earnings from carrying passengers and freight only. DESCRIPTION OF ROAD AND EQUIPMENT. TRACK. Main line from Kaaterskill Junction to Kaaterskill Station, single track.. Grand total of tracks, sidings and turnouts.. Laid with steel rail, main line.. Cents. 7.97 22.48 Total miles, all in N. Y. State. 7.50 0.25 7.75 7.50 Average life of rails-steel, 20 years; iron, 3 years; average life of ties, 7 years; weight of rails per yard, steel, 40 lbs; gauge of track, 3 feet; ballasted with gravel. Westinghouse automatic air brake and Miller car coupler used on passenger cars, ordinary link and pin and ordinary hand brake on freight cars. Stub switches are used on road. MISCELLANEOUS STATISTICS. ITEM. Total assessed value of real estate and personal property of company.. Entire line all in N. Y. State. $7,000 Trains run only during summer months; cars are lighted by oil lamps (mineral sperm oil) and ventilated by deck roof and over-door ventilators. The American Express Company runs over this line; rates adjusted from time to time. The compensation for transportation of mails over this road is $316.35 per annum, being $42.75 per mile. EMPLOYEES. Average number of persons employed (including officials) during year 28 $5,438 66 Title of company, Kaaterskill Railroad Company. General office at Rondout, N. Y. Date of close of fiscal year, September 30. New York city. Date of stockholders' annual meeting, second Tuesday in February. LACKAWANNA AND PITTSBURGH. REPORT OF COMPANY-SEE ALSO REPORT OF RECEIVER. (Date of charter, June 1, 1883.) For history of organization, see Report of 1885. At a special term of the Supreme Court of the State of New York, held in the city of Buffalo, on the 8th day of December, 1884, Hon. Albert Haight, Justice of the Supreme Court, presiding, George D. Chapman, of Angelica, N. Y., was appointed Receiver of the Lackawanna and Pittsburgh Railroad Company, in an action wherein The People of the State of New York are plaintiffs, and the Lackawanna and Pittsburgh Railroad Company and The Mercantile Trust Company are defendants. Grand total of common and preferred stock now outstanding.. $5,000,000 133 Grand total cost of road and equipment up to September 30, 1886...... $8,040, 059 02 NOTE- A large proportion of the equipment on hand at the date of the last annual report has been surrendered during the current year. The car trust notes issued by the company have not as yet been returned to them, neither has the amount of liability of the railroad company been adjusted or determined. The equipment account therefore stands at a much larger sum than the property on hand warrants. Cost of road. GENERAL BALANCE SHEET SEPTEMBER 30, 1886. Cost of equipment ASSETS. Other permanent investments, as follows, viz.: Lackawanna and Pittsburgh first mortgage bonds on hand.. Lackawanna and Pittsburgh car trust bonds on hand. Current assets, as follows, viz. : Due by agents.. Open accounts Sundries. Profit and loss (deficiency).. LIABILITIES. $7,761,020 83 279,038 19 111,000 00 22,700 00 5,000 00 2,381 11 42, 291 16 9,515.00 521,792 89 $8,754, 739 18 $500,000 00 2,818,000 00 * 326,568 00 117,624 82 65,873 65 107,799 23 29,269 06 15,300 00 2,977 00 271,827 42 $8,754, 739 18 Of this issue of bonds $900,000 were set aside to take up Allegany Central first and second mortgage bonds at par and income bonds at 50 per cent. Main line from Belfast Junction to Perkinsville, standard gauge, single track ... Branches or other roads, single track Main line, narrow gauge, Olean to Narrow Gauge Junction, near Angelica, single track.. Laid with steel rail, main line, standard gauge.. Weight of rails per yard, steel, maximum, 56 lbs., minimum, 40 lbs.; iron, maximum, 35 lbs., minimum, 30 lbs.; gauge of track, 4 feet 8 inches and 3 feet; ballasted with gravel. |