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DIRECTORS OF THE COMPANY.
Name.

Residence.
ARCHER N. MARTIN

Summit, N. J. Geo. D. CHAPMAN

Angelica, N. Y. FRANK JENKINS

New York city. CLINTOX R. WERDEN

Providence, R. I. CHAS. E. KIMBALL

New York city. OLIVER WATSON ..

New York city. A. W. MINER...

Friendship, N. Y. M. S. BLAIR..

Augelica, N. Y. J. Nelson Borland, JR.

New York city. Silas H. WITHERBEE.

New York city. Frank S. SMITH

Angelica, N. Y. Title of company, Lackawanpa and Pittsburgh Railroad Company. General office at Angelica, {N. Y. Date of close of fiscal year, September 30. For information concerning this report, address M. S. Blair, Auditor and Assistant Treasurer.

LACK

LACRAWANNA AND PITTSBURGH.
REPORT OF Geo. D. CHAPMAN, RECEIVER SEE ALSO REPORT OF COMPANY.

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(Date of charter, June 1, 1883.)

On the 8th day of December, 1884, in pursuance to an order of the Supreme Court of the state of New York, 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, the railroad and property of the Lackawanna and Pilis. burgh Railroad Company was transferred to George D. Chapman.

COST OF ROAD AND EQUIPMENT.

ROAD.

Total cost up to

Sept. 30, 1886. Total cost of road...

$4, 476 29 EQUIPMENT. Locomotives Nos. 21, 32 and 43, cash payments on account of purchase of

4, 635 50 Grand total of expenditures by Receiver, account of cost of road and equipment....

$9,111 79

same

Details Of ADDITIONS AND BetterMENTS DURING THE YEAR. The Receiver has purchased during the current year three locomotives, on which the cash payments have aggregated

$4, 635 50

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

$50, 942 92 Less operating expenses (excluding all taxes).

69, 404 86 Loss from operation

$18, 461 94 Income from other sources, as follows, viz. : Rents ....

602 50 Deficit from all sources

$17, 859 44 Deductions from income, as follows, viz. : Taxes on property used in operation of road

$3, 820 98 Taxes on earnings

224 36 Interest, temporary account, to be closed into interest ac. count on Receiver's certificates...

2, 829 00

6, 874 34 Deficit for year ending September 80, 1886 .....

$24, 733 78

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GENERAL INCOME ACCOUNT. Deficit for year ending September 30, 1986, as shown..

$24, 733 78 Deficit up to September 30, 1885

42,072 63 Total deficit September 30, 1886 ...

$66, 806 41 DETAILED STATEMENT OF Rentals. Hotel Lackawanna at Canaseraga, N. Y., title in F. S. Smith, trustee leased to Geo. M. Fox at an annual rental of

$300 00 Fire small bouses and lots in the village of Canaseraga, N. Y., title in F. S.

Smith, trustee - amount of rent received from same during the current year

302 50 Total amount of rentals deducted from loss, as shown

8602 50 ANALYSIS OF GROSS EARNINGS AND OPERATING EXPENSES.

EARNINGS.

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$4,476 29 4,635 50

GENERAL BALANCE SHEET SEPTEMBER 30, 1886.

Assets.
Cost of road
Cost of equipment.

Current assets, as follows, viz.:
Bills receivable
Due by agents..
Open accounts..
Materials and supplies
Sundries
Profit and loss (deficiency).

17,890 57

2,744 21 36, 779 40 20, 715 13

716 79 66, 806 41

$154, 764 30

LIABILITIES.

Current liabilities, as follows, viz.:
Audited vouchers and pay-rolls
Open accounts...
Loans and bills payable
Receiver's certificates.
Cash deficiency (overdraft).

$47, 524 45 18, 419 18

1, 258 84 86, 500 00 1,062 33

$154, 764 30

TRAFFIC AND MILEAGE STATISTICS.

ITEM,
Number of passengers carried
Number of passengers carried one mile
Number of tons of freight carried...
Number of tons of freight carried one mile..

Total, all local.

60,048 640, 140

28,437 751, 289

Passenger train mileage.
Freight train mileage.

Total train mileage

52, 380 40,792

93, 172

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ITEM.
Computed on earnings from carrying passengers and freight only.
Arerage rate received per mile for carrying passengers, all classes...
Average rate received per mile per ton for carrying freight, all classes.

Local,
cents.
2.98
*3.268

MISCELLANEOUS STATISTICS. The American Express Company ran over this line to May 15, 1886, at first class freight rates from and to terminal points, and one-half the same rates between all other points. Since May 15, the United States Express Company has occupied the road under contract.

One Pullman's Sleeping Car is run each way daily between Wayland and Olean, over the tracks of the Buffalo, New York and Philadelphia Railroad Company, between Belfast Junction and Olean by virtue of special contract with that company; this car commenced running May 15, 1886, at the contract rate of three cents per mile.

Five hundred and twenty-seven dollars and fifty-seven cents is per year paid to Pullman's Palace Car Co. Compensation for transportation of mails, is based on the weight of mails carried.

DESCRIPTION OF Freight MOVED.

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EMPLOYEES.
Arerage number of persons employed (including officials) during year
Aggregate amount of salaries and wages paid them, during year.

122 $41, 666 16

Name.
Geo. D. CHAPMAN..
WM. H. BADGER
M. S. Blair...

OFFICERS OF THE COMPANY.

Title.
Receiver...
General Superintendent
Auditor and Assistant Treasurer

Official Address.
Angelica, N. Y.
Angelica, N. Y.
Angelica, N. Y.

*Should be 2.75 R. R. Commissioners.

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