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Title of company, Lackawanna 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 Asst. Treas.

LACRAWANNA AND SUSQUEHANNA.

BUILT AND OWNED BY DELAWARE AND HUDSON CANAL COMPAXY.

(Date of charter, May 9, 1867.)

Operation, earnings and expenses are included in the lessee's report for the Albany and Susquehanna Railroad. COST OF ROAD AND EQUIPMENT.

Total cost up to Road.

Sept. 80, 1886. Grading and masonry and ballast

$479, 272 21 Bridges...

50, 849 05 Superstructure (including ties) and rails Land and land damages...

863,531 14

86, 464 53 Passenger and freight stations

19, 864 53 Engine and car houses

2,182 81 Engineering expenses

19,273 88 Telegraph line

2, 500 00 Total cost of road .

$1,022, 938 15

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struction and now outstanding ..

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Note - The great cost of the road and equipment is due to the fact that the grades are very heavy, rnnning as high as 250 feet to the mile and aggregating nearly 1,400 feet descent in 7.66 miles, nearly all the business is furnished by the iron ore mines of Mineville, when those mines are exhausted the use of the road must necessarily cease.

INCOME ACCOUNT FOR YEAR ENDING SEPTEMBER 30, 1856. Gross earnings from operation.....

$84, 879 79 Less operating expenses (excluding all taxes)..

55, 642 80 Net earnings from operation

$29, 236 99

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GENERAL INCOME ACCOUNT.
Surplus for year ending September 30, 1886, as shown..
Surplus up to September 30, 1885.
Increase of supplies.....
Decrease cost of road or equipment..

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Total surplus September 30, 1886

$269, 568 59

ANALYSIS OF GROSS EARNINGS AND OPERATING EXPENSES.

EARNINGS.

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General expenses :
Salaries of general officers and clerks..
General office expenses and supplies
Stationery and printing
Telegraph maintenance and operation.
Other general expenses.

Total

$1.500 00

136 66 11 20

69 50 1,515 87

$3, 232 73

Grand total operating expenses..

$55, 642 80

$324, 509 53

84, 711 82

GENERAL BALANCE SHEET SEPTEMBER 30, 1886.

Assets.
Cost of road ..
Cost of equipment..

Current assets, as follows, viz.:
Cash on hand.

$464 21 Due by agents

126 43 Open accounts

29, 932 56 Materials and supplies.

29,824 04

60, 347 24

$469, 568 59

LIABILITIES.

Capital stock....
Profit and loss (surplus)

$200,000 00 269, 568 59

$469, 568 59

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.

183 1, 403 346, 378 2,559, 205

Freight train mileage....
All other train mileage

Total train mileage ......

34, 654 35, 340

69,994

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

Cents.

*6.66 +24,50

DESCRIPTION OF ROAD AND EQUIPMENT.

TRACK.
Main line from Port Henry, N. Y., to Mineville, N. Y., single track..
Sidings and turnouts on main line

Total miles all in N. Y. State.

7.66 6.30

Grand total of tracks, sidings and turnouts...

13.96

Laid with steel rail, main line...

7.66

Average life of rails --steel, 13 to 20 years; average life of ties, 4 to 6 years; weight of rails per yard, steel, maximum, 60 lbs., minimum, 50 lbs.; gauge of track, 4 feet 83 inches; ballasted with gravel.

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