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Local, Computed on earnings from carrying passengers and freight only.

cents. Average rate received per mile for carrying passengers, all classes...

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

*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 bundred 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 Moves.

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EMPLOYEES.
Average 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
*Should be 2.75 R. R. Commissioners.

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

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.

LACKAWANNA AND SUSQUEHANNA.

Built and OWNED BY DELAWARE AND Hudson CANAL COMPANY,

(Date of charter, May 9, 1867.)

Operation, earnings and expenses are included in the lessee's report for the Albany and Susquehanna Railroad.

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Authorized by law or charter, and issued on account of con

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, 1836.
Gross earnings from operation......
Less operating expenses (excluding all taxes)..

$84, 879 79

55, 642 Sit Net earnings from operation

$29, 236 99 Total...

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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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Freight.

$8,177 30

59 09 4,708 84

187 67

OPERATING EXPENSES.
Maintenance of way and structures :
Repairs of track..
* Steel rails laid, 27 tons, cost, $1,043.79.

Repairs of roadbed
Repairs of bridges (including culverts and cattle-guards).
Repairs of stations, shops, docks, etc..
Repairs of fences..

Total......
Maintenance of equipment:
Repairs of locomotives
Repairs of cars..
Repairs of machinery and tools..
Other expenses for maintenance of equipment

Total...

$13, 132 90

$4, 319 98 1, 543 53

304 79 4, 955 91

$11, 124 21

Conducting transportation :
Wages of conductors and men.
Wages of engineers and firemen
Fuel for locomotives...
Oil and waste
Water supply:
Wages of station agents and clerks
Wages of watchmen, flagmen and switchmen
Other expenses for conducting transportation.

$4, 896 05

5,596 48 14, 014 22 1,051 18

69 88 1, 675 00

429 75 420 40

$28, 152 96

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