t
Itcccints ami fcipmm-rcs
OF Cl'irl'il rmntj, I'eimijlaatiia (or the
year A. 1., lhCAi
1). W. MOORE, Esq , Treaenrer of Clearfield
eounir.ln the Coeainenwe lib of rvnna.vlrantA,
In x-.'ounl with aai eountjr. from the lt day
of January, A. 1, lbSl, tlotil lb Jib liey ul
January, 1.67 i
debtor.
To BiK'tint recileed from Collector for 186ft, and
and iiroTtiiui T'nr, $ 1 5,0 Us
To ain't reo'ii from uneeatod landa, ltl,i-IS S3
To am't te.il from Collector' returna, 15 t-8
To ain't reti'd from Colieotor on State, l,2Htl 8
To am i ree'd from unacated on Stale, 3,3:1.1 03
lum'l rco'J from H lir fund, 2,h:2 tiy
To aui'i rro'd ficui Colluotora on Plate, 61 HI)
To anit ree'd from Coinuiiaatotiuta' hooka, 214 I'll
To atu't roc'd from C. Kralier.lalo Treaa'l, 62 U
CREDITOR.
P-y e.ie?e.ra' wage, $60 CO
Ily agricultural, l"0 00
lty elctinu eapenaea. l.t'-M To
Ty Commonwealth eoata, 2,e&3 8.1
lty runsinMea return, 20 40
liy county mapa, 452 00
II; court home bonda, 2,500 00
hy court honee bnnda'ooapone, 379 00
liy bridge eontraeU, J. I 7 60
lta eiunael fee, 275 01)
hy duplicate. 80 00
By fuol contract, 800 62
liy listriet Attorney feea, 115 10
Hy auditing Proth'y A Heg. ac't, 1 5 00
Hy Pheriff'a feea. S0 4
hy I'rotboDotary'a fee, 457 Ofl
Hy foronor'a fata, 21 60
HyJurnra'pay, 8,470 VI
By new book a for Recorder, 218 40
Hy prlntiot. 4:19 50
hy Commieeionen wage, l.St 5 00
hw clark'a wagea, 64 00
hy hixea and wild eatt, SVO 45
11 j uew booka, autiooary, (!., Hoo SI
hy furnitn,ertboaifli27S
By axproaa ui freight, SO 70
By court orier, 60 00
By Janitnr'a feea, 48 00
By merchandise, 63 17
By porta, 17 i"
By new paeenaent for county, 165 74
By work repair forcouny, lot "S
By liouaa of Kefuga, 7.1 72
By jaii aaptnaaa, 1W0 00
By incneet, 161 56
By Auditora and dark, 251 00
By medical attendance at jail, 42 05
By road Tlcwa, X "I 00
By miactllaaeona , 0 ii
By Juatiee' eon a, 16 ii
By tipatarra, 67 60
By State ui, '72 06
By eollaciora' prr oant on Co., 700 66
By eol.eetor' par cent on State 55 62
By tioncrationi on county, 704 00
By exoneraticn on State. 45 ft
By Traaa'r'a pereent,receir!ng45l 41
By Traaa'r'a per cent., paying, 351 00
Baianoa due county, 4,261 90
Total, 84,066 01 34,066 03
Relief Fund.
D. W. MOORE, ltiq, Treaaurer Clearfield
county, in the Commonwealth of Pennsylvania,
In accennt wi'h tba Belief Fund,
VXBTOR.
To ain't rre'd from nnaaated landa, 12,776 40
To am't ree'd 'rtttn collectnra' return, 42 4H
To am't ree'd from militia finer, 100 69
CRIDITon.
By relief ordert rodeemed,
I? 65
By exoneratione,
By peroentago, receiving,
By tercentage, paying,
Balaoee due fund,
I 76
44 66
12
2,922 09
Total,
2.979 21 2,979 21
Bounty Fund.
D. W. MOORE, Kq , Treaaurer of Clearfiuld
county, in tbe Commonwealth of Pennalvania.
in account with Bounty fund, under act of
Aaatmbly,
MIT).
To amount received from collector for 1666 and
prerioul veara, S54 752 2H
To am't ree'd from unreated land. 87, v? 9
Toam'trec'd from eoileetore' retoma, 620 62
To am't ree'd from Commiaaionera' booka,l,200 00
CRKMroR.
Py bounty bonda redeenied,$'l9,ftO 00
By bounty eertiEratea, 1.385 6
By tnt-reit coupona, 9,627 03
By poreenttigeoa bonda iasaed, 6 00
By fercentaue to coileotora, 1,106 91
hy exoneration!, 6.-H4I 09
By percentage, receiving, fc27 00
By proontace, payirg, 607 12
Balance due fund, 35,3':0 65
ToUl, 93.9U0 99 93.900 99
Amount due from Collector for IpKIO and
prcviouB yeara.
TownabipCoU'rs' nam.; Bount)
State. Militia.
I
1(! 04 $19 08
- I 26 60
1K65.
Covingt'n
1 tlB.
Uuatou,
Total,
J. Barmoy,
John TyUr,
$614 01
611 01
10 91; 46 CS
County I'iuaiicea.
Am't of outatanding court bouee bunda, $1,500 00
Am't of outatanding county nnlere, 96 24
Am'tdue fa unaeaud lauu,$7,4H4 66
Am't daa from Treaaurer. 6,261 90
Am't of aurplua due county, 11,100 22
Total, 16,696 46 15,69(46
Bounty Fund.
Am't of ontMandtng Bounty bonda, $132,296 00
Am't due from eollctnra, (614 04
Am't due f'm anaeated landa,26,020 96
Am't due from Treaaurer, 5,300 65
Am'tof indabtedneea of fund,70,3j 65
Total,
132,295 00 132,295 00
Road Fund.
D. W, MOOPG, F.aq., Treaaurer of Clearfield oo.,
Pa,, in acoount with different t'wnaliipa for
Road nod, for the yeara 1601 and 1666,
DtcaroR. '
To amount dn tawnehipe from laat eettle
ment, $210 67
To amount received from anaeated
landa, I0,9j0 70
To amount reolvd from collector
return a,
Tnwnahipa.
Becoena,
Bell,
Bogga,
Bloom.
Bradford,
Brady,
Barnaide,
Cheat,
Covington,
Peratur,
Fergaaon,
Fox,
flirard,
Ooahen,
Orabamt
Oulieh,
II u. ton,
Jordan,
K art ham,
Knox,
Lawrence,
Morria,
l'eno,
Pike,
tTMion,
Woodward,
Balanee,
Total,
148 73
Am't pd.
wl 96
8f0 60
46 05
116 00
60 00
507 07
10! 09
129 69
66 45
160 :H
15 00
282 05
210 00
250 00
113 II
150 00
2,4 j0 00
187 05
265 00
285 00
225 93
180 64
198 60
156 00
261 76
1115 00
3 674 10
Bal. due.
$44 19
194 41
13 74
66 95
43 71
271 62
80
177 02
195 21
114 01
49 98
4 62
T2S91
291 67
155 44
81 28
523 46
26 63
91 94
69 24
65 88
482 12
29 76
62 84
14 16
291 09
11,300 80
11,300 SO
School Fund.
. W. MO0HK, Kq, Troerorer of Clearfield
cmtv, Pa., in account wiin different town
abipa for School fund fur the year lb64 A 1866
PRBTOR.
To Amount do lownhip from laet eeltla.
Tnent, $376 46
To amo nt received from nnaeated
landa, 12,190 98
To amnont reoeived from collector
returne,
Towuahipe.
Beocaria,
l)IU
B"gga,
Bloom.
Bradlord,
Brady,
Burnaiie,
Cheat,
Covington,
lecator,
r ergoaon,
F...,
Oirard,
(lovhea,
Oraham,
Oulieh,
liuiton,
Jordan,
Karthana,
Knox,
liwrvnee,
1orria,
Peno,
Pike,
'nlnn,
Veiodwnrl,
Balenre,
TttJ,
141 78
Am't pd.
$605 II
677 18
145 68
172 o
19 02
8711 69
4.1.1 65
204 66
617 41
6-6 71
91 22
2"1 S6
f-7 52
701 51
Jul 44
6 og 15
1,1'fl 27
1 Its (.7
tVt H3
2G. ;o
601 M
776 72
649 89
2ll H
50 s a
4 2J
C6I 01
n.nTii
Bal. due.
81 99
26 94
21 85
I 60
18 06
20 67
49 6
10 03
16 14
t 65
lot r.
76 46
6474
1! 62
6 74
42 84
l!o"o7
12,771 61
CLEA
p
GEO. B. G0ODLAKDE3, Tropriotor.
VOL. 38-WHOLE NO.
We, the CoinmiMionere of OUarftoid county, In
the Cftnitnoiweallb of t'enimylveota, haritijr ex
aiuiued tba erooutitc of D. W Mooie, taq.,
ireaiurer of Clrartield county, for tbe year A.l.
1866, do corttly tbat we Cud lie accouun aa fol
lowa: Tbe amount due the County to be fifteen thou
aand aix hundred and mnety-aix dollaxaand forty
aix oenta.
Tba amount of order outatanding, four thou
aand five hundred and ninety-atx dollara and
twenty -four oenta, of which four thonrand fiva
hundred dollara art In court- huuae bonda.
Tba baianoa due the County by Treaaurer,
eight tbouaand two hundred and eixty-ono dol
lare and ninety cent.
We alu find a aurplua due tba Connty, of
eleven tbouaand one hundred dollara and twenty
two aente.
Tbe balance due tba bounty fund by Treaaurer,
thirty fire tbouaand three hundred dollars and
tixly-fire cent.
Witneraour band, tble 36th day of January,
A. 1. 1667. COMIAD BAKKK,
C. 8. WORHKLL,
11ENRY BTbKE,
Atteat, Commiaaionera.
W. g. Baibtcr, Clerk,
We, toe Auditora of Clearfield county, Penn'a,
having examined the aeeounte of D, W. Moore,
ban., Treaourerof Clearfield oounty, fer tbe year
A. 1. 1K66. do repcrt that th aeoounta are aa
above atated.
The amount due the road fund by the Treaaurer
ia three tbouaaad eix hunlred and vanty-four
dollara and thirty oenta.
.he amoant due tbe echool fund by tbe Trea-
I tnrcr ! i'.Z bundrtd nd ality-OD dollar and
l;nt ceate.
Wltneia oat hand, tbia SCifa d of Janoary,
A, V. 1C07. 11. L. C. EVAN?,
h. r. IRWIN,
J. A. L. 1'LhCJAL,
Atteat, Auditora.
W. 8. Bhioi.it, Clerk. feb7 4t
HOTEL FOR SALE.
IN EVT MILI.POKT.
THE underaigned, deairoua of moving to the
Wret, offera at priraU aale a largv two-atory
KHAME 110LBE, now kq.t aa a Hotel, aituateon
Main atrect, in tbe village of 'cw Mtllport, Clear
held comity, Pa. Tbe building ia well arranged
for a hotel, or dwelling bouae aud atore-room,witb
all tbe neceaaarr outbuildmga attached, in good
order, together with
Four Lots of Ground.
But few propertica posacae equal adrantagra as a
bu.ineea atand to thia.
It will be aold part eash in hand, andthe balance
in paymente. Any further infortration can be ob
tained by calling on or aJdrcaaing the eubecriber,
at New Millport, Clearfield county, Penn'a.
Jan31-3m:pd 1. AARON WISE.
VALUABLE REAL ESTATE
AT PRIVATE Stl.F.
THE nndcrainrd, rcaiding in Bm.lv'townabip.
now offcre oue of tbe brat TIM1IER and
l uAL tract of land for aalo is that awn. on of the
county,
Consisting of 112 Acres and Allowance,
Forty-five of which it untta eultirttion, witl
Loum aoi i Lab la thereon, ni an orthtrd of 10
beirinc; fruit tirwij th bftlanoc ii henvily timber
ed. At lent one million f"et of 1'inc Kn4 two
bondrxl t bou and of ot'i. Th whole hiD;nn
derlftid with t'oor foot vein of coal. Tins tract
ii iltiirtied within one mile of Luthhn-p, u.
joiriint; tacJn uf J mrpb Linr?a, Canon, Wbittbrad
and 1'eutf, a publia mud pattvi through it,
caool houae it locate 1 on the ono corner, and an
excellent ijiriti of water. Every railroad forvfy
madn through thii enction ha bfn located on tKn
land. Any farther inlormation in rvferrnco to thr
property, tcrue, Ac, can be bad by calling on or
ad'Jrriftinff the mheenber. at LuLheraburg, Clrar
fitld conn it, I'a.
jan2-2n jAMtS MILKS.
A VALUABLE FARM
FOR SALE OR RENT.
THE undrralpTied will sell or rent her farm,
situated in Mnrraville, Clearfield county. Ta.
lue farm eontaine ONE Hl'MlBKU AUlKS.
and ia well adapted to farming or gracing, and at
preaent ia in a good atnte of cultivation enl well
watered; having tberron one good 1 WO-KftlKY
FAKM IIOl'bK and atwo-and a-hall atory houae,
very large, and well arranged for hi-ejiing public.
Tbe neccaeary outbuildinira an1 complete. Alao, a
complete mercbaadiae feTOUK KUO.M, in which
baa been and ia now a general aaeorttneut of mer
ohandiae; convenient to each houae hi a spring of
running water, which was never known to tail.
There la alao ereeted thereon a email bam, with
atabling sufficient for twelve horses. For further
partioulara and trrraa, addrraa tbe underaigned at
Clearfield Bridge, I'a., or call on ber at Marvavtlle.
janl(i-3m Mr. 8. W. THOMPSON.
Town-Lots for Sale.
E tindorBicTitid. residing at Glen Hoiie.r
rpiIE undorsigned, residing at Glen lIoe, offers
atprimK.ain, on rwHouabie trrn, hixi Y-
K TO WN-LOT&, situate and txinK to tlic nw i
ition niad. t. th. village of uie llo,
HVK
addition made to the village of Glen lloia.
Also, Thirty-Five Acres of Land,
Adjoining the same. All will he sold together or
separate, to auit purchasers. Any further inform
ation can He obtained by eddrceeiug him, at tilen
Hope, Clearfield oounty, l'enn a.
nor28-3m JKRtMIAII COOrEll.
PMttttTE 81 LE
OF VALUABLE
EEAL & FEES0NAL PROPERTY,
iscLtniso
3,500 Acres of Timber Land.
J offvri for sal on of the bent BI MNKSS
blANI)S fur Mcrchandiaing and Lumber ing in
h eonntT, or pnrhnpn in th- f'tstn. xit : A lurjr
DWKLMMt II(l'eK. BTORE-ROOM, and all
necwaarj outbuilding ailajbdf togother with
Ten Town Lots in G!en Hope,
Also, a LOT CONTAINING TEN ACRES of
orek bottom land of tho ory ba.: qnaH, tba
ast aide of Clearfield C.eek, oposiie Olen Hope.
A Tract of 200 Acres of Timber Land,
HcaTilTtiroHrirdwith pint timber, sitnatton and
a balf nil from Olen Hope, on th turnpike trad
ing to Anonville, a Mot tea aoroi of which are
olcarrd and sndrr cultivation. The undivided
One-third of 3500 Acres of Timber Land
Of the very best quality, situate on Clearfield
Crefk, near the mouth of Wuitmor Run.
Also, the entire Stock of Store Goods,
Sow on hanl. ronalating of DT1T OOOPS. GKO
CEIUES, HARDWARE, Ql'EENKU AUK, and
everything found in a place uf general mercban
dieirg. Tb fomgoicg properlj will be sold together or
eparattlT, to auit purchaser., and npan rraaonalie
terms.
affAnT information in refrren" to tb pro
pert?, or tertna, nan be obtained prarplring to tiie
undarairned, eifliur ia prreon or by IcUcr, at blrn
Hope, Llfarfit'IJ oounii, i'en'a.
io.."l -in llinMAS r.ItOOM.
1IXIMTK ..TOR'S JiOTiri' Xotiee
i bTT-br riven tliat Ipttcraof Admtnt. (ration
oa Hit ratate of CI mlia ZiIIkh, deeraard, late of
Iira tv ttwr.nip, cirnr::e!H enntr, l a., oare tuia i
day bc(:n dulv granted to th" nn'l, r.i jti" I, to e-hem
all pM-aona in'lct.tcl to anil rristo nill pU-aae makn
payment, and those harinf; elattnaor rli'mecda will
prcwut them for aottlewnt withmit rfflaY.
tllllltTIAN KOHn,
Ten. 14. 1 W-Bl. Al'ninl.irator.
OSnil Itl'.W AHO will he pad in Oren
OelV '1 'lia-ika to any nrraon wiie baa need I'r.
Dnrnas' Pile Salre according to direouona and baa
not been cared. Addreaa,
I. 8. DTJXITAM i CO..
rVVlT WilhaTnr"T, Pa.
Aftftt.D HU M ef all kinda. at
j MEKRSLL SlflLKR'6
mm m,
2008.
I'eniisylranla Itallrotul.
Twentieth Annual Mnport of the Hoard of
lilroclora.
riULAIIKLMUA, Feb. 19, 18C7.
To the UtockluiUcrt of the Pennsylvania
Railroad Company.
Tlie following etatenicr.ts will ex
hibit tbe finuneiitl condition of l!io
Compnny on tlio 1st oT January last,
and tlio earning and expenses of your
lutilrouds and Canals during 180U :
DR.
To Capital Stock $20,000,000 00
To fir it and aecond Mortgagee 9,840,840 00
To Elate l ien 6,000,000 60
To other Liabilitief 9,093,309 64
Total Liabilitiee..
46. 131.149 64
By coit of Road and branch from
Ilarriibarg to I'itUburf;h .$13,600,000 00
By co it of iiarriiburg aud Lancaa-
terKoad 1,682,550 00
By balance due btate on purchaw
'of Public Work - e,6Q0,000 00
By 452 Locomotive! ; 240 pauenger
Can; If.'t bagirue, mail and ex
prcu Carv ; t.WW freight, and
123 road Care 5,871,214 03
By Heal KMat and Tekprtiph line 3,41,460 VI
By extension of Koad to liawar
and Uunongahela nvera, inclu
ding wbarfi J.121,157 77
By 14,533 Sbart'i llarritburg and
tanewtor Bailroud tiiock 726,650 00
Ry ''rn Pcmjsylvauia Jilaiixoad
Stock and Bondi 183,450 00
By coat of fimt trju Itooud Mort-
gage liupdi, Pittsburgh and buru-
be
icDviile Kailroad Conipany....
7:p,:o5 20
By Stcubcnrille aud Indiana Kail
road firit .Mortgage Bundi, ownod
hy Company H
By rbiladcljihia and Krie Convert
ible 7 per eent. Bundi (the re
niaiuurr of the t.".,0('0,000 loaa
being in Sinking Fund)
By Amount of other Itondi and
totkt of Jbiuuicihal and llail.
1,262,651 11
439,000 00
rokd Corporations. 170,342 74
By cunt ot lioudi and rtck ia
Sinking Fund 1,096,367 C8
By Amount oi Fuel and Materiali
on band fur n pairi to Lolooio-
tircft, Can and Muintrnance of
Way on Penotylvania Kailroad 1,378,404 10
By Amount advanced to piy fur
J-'ucl and Materiali on hand for
nptirt to Locomotivea, Care and
Alitiiiumano ot H ay tor rniladol
phia and Erie liailruad
By Amount advanced to operate
Philadelphia and Erie Kailmtd
By Amount of Billi and Aeoonnti
Keoeirable and Amount Iue from
other Kaiiroadt
By Balance in bande of Apcnti
Bt Balance in handt of Tn-aiurer.
'indudiug 120.0u4j U. S. b-2i)'g...
449,220 39
725,130 02
4,H,CC.3 03
077,018 fctf
1,043,211 46
Total Rciourcei..,
.... 4.1S4 149 61
The Shareholders will purceivo by
coniponni the above items with their
cost, as bhonn in previous reports,
that in ndJiiion (o the pnymciit ol
uiviuonas upon your original invest
ment, equal to 40 per cent, above legal
inti ret, the cost of your llond from
rhiludelphia to Columbia bus been re
duced f'JlMJ.OJU, and ftnin llarriaburg
to Pittsburg, (C'lL'O.Ko'i, from the nur
plus profits of tbe Company ; and the
Equipment of the Lino, which has cost
810.bUj,5.'i9 55, is now represented at
53,:!71,214 03.
Tho Kinkinjv Fund, wh!ch cost
81,t)J6,8C7 08, it is believed is ample,
with its accruing income, to tako up
at maturity tho debt of tho Harrisburg
and Lancaster Jtailroad Company, and
still leave in it all the stocks tbut it is
important that this Company phould
retain fur tho security ot its traffic.
This conservative policy has boen pur
sued in view of tho adventitious char
acter of the trnflio of the line during
tho past five years, ami for the pur
pose of giving the Company a finan
cial strength which will render tho
continuance of its dividendscertain, in
dependent of tho action or policy of
rival lines.
The company has been placed in
this strong position while it has, a!
tho same time, to a larger extent than
any other Corporation of tbe kind,
promoted tho development of the in
f rj. 1 ... . .,
tenor of the Commonwealth by aiding
the completion and extension of other
Railroads where private capital would
not incur the risks ol such investments.
At the commencement of its worlc,
tho views of the Company extended
only to tho conntruction of a railway
between llarrisburf; and Pittsburgh.
Uut in operating such a line in con
nection with the uncertain and fre
quently ndverso management of the
Philadelphia and Columbia Railroad,
under tho State authorities, it became
evident tbut it must fail to meet the
just expectations of its projectors,
unless an independent connect inn could
he mado with its commercial depot,
or a lease or purchase of tho existing
lines effected. Aflor many abortive
efforts, thia object was accomplished
by a lease of the llarrisburgand Lan
caster Railroad, and the purchase of
the State improvements at a hiih
price, but npon a Mtifaetorjr credit.
Tbe great point, however, of securing
harmonious action throughout the line,
from Philadelphia to Tilthburgh, was
accomplit-hcd, w hich at onco imparted
new litb and vigor to tho enterprise,
and insured its prosperity.
It was enrly forseen that a trunk
lino, intended to accommodate the
traflic between tho F.awt and AVcst,
would fail in its object if wholly do
!r",J''nt "Pn the uncertain nnviga-
1 lion of the Ohio River ns a feeder.
Tho earlier commencement of the oth
er trunk lines hud already diverted
the routes ol tho railroads in progress
from tlio commercial centres of the j
est towards the Lust, to their work.
To overcome thi; d!jsHvn:nge, it be-.
camo ChMnliul that other lines con
necting jour rmitl with tlicn trade
centres of tlio West should be com
menced, and to effect this, direct and
(Ticient aid by this Conipany towards i
their construction WHS ti-cess.'iry.
ftilly iiiipi LBscd were the Shareholders ,
of this Company at the lime, of the j
importance ol this movement, that, in
roiinj
such aid, they exceeded the
views of tho Directors. The three
principal lines selected for such aid
tvero ono to Cincinnati, a tecond to
tho centre of Ohio, at Columbus, and
a third towards Chicago. The con
nection with Cincinnati via Marietta
was adopted, and failed from theinad
equate means provided to construct a j
TV
-4 '
,.. uv
PRINCIPLES NOT MEN.
CLEARFIELD, PA., THURSDAY, FEB. 28, 1867. NEW
lino over what proved to be an unex
pectedly rugged country. The lino
to Chicago wad only suved as an in.
vestment, after the litiltiro of the cred
it of that Company, by much lubor
and large additional outlays by this
Company to secure its completion.
These efforts wero crowned with en
tire success, and tho enterprise, both
financially and as a feeder of your
main lino, has met our most sanguine
expectations. I
The lino to Columbus which also
affordni an equally good connection
with Cincinnati a-i that via Marietta,
though leaving a lirgo district of coun
try tributary to auither railway af
ter loner Metiers" trrosrir;:? mnlnW sat I
of a failure to proetiro ndequute legis
lation in Virginia, has recently been
brought into cflicicnt use, and promi
ses satisfactory rosultB. The Penn
sylvania Railroad Company will own,
as a preferred shareholder, more than
half the cupitul stock of this line.
The eastern end o( this line, known
as the Pittsburgh and Stcubcnville
Kailroad, extending from Pittsburgh
to the Virginia State line, was com
menced under the patronage of the
City of Pittsburgh and Allegheny
County, but owinc to tho absence of
any legal right to extend its road to
the Steuhenville and Indiana Railroad
across Virginia, it fai!H to obtain a
credit that would justify any respons
ible individuals in undertaking :ts con
struction. A further incrcaMj of its
capital stock was therefore) inpracti
cable. A contract was entered intj by the
Pittsburgh and Steubenville Railroad
Conipany, with parties of insufficient The Board saw no other alternative
capital, lor the completion oi'this line, but to meet this difficulty by the adop
which, os might h.ivo been expected, tion of a liberal and active policy, and
only resulted in still further cmbar- thus bring all y these lines into pro
rassing tho condition of the Company i uuetiveness as'peedily as practicable,
by a disproportionate increase of its j Tho outlays necessary to secure this
indebtedness, compared wi.h tho work object, from the causes already refcr
done. After further efforts to secure I red Ui. have been vcrv larire. Imtthe
other parties to build the road, a con
tract was entered into with tho West
ern Transportation Company for that
object a corporation in which this
Company becumo the chief sharehold
ers and through its instrumentality
a concession was obtained from West
ern Virginia, permitting the construc
tion of a railroad across that Stuto.
From this period the work was put-h-ed
with as much vigor us thecondition
of the labor market would permit,
notwithstanding the extraordinary
advance that had taken place in every
element that cntcreJ into the cost of
constructinz ruilwsys. Under this
contract, tlio work has been opened
for use f.ir moro than a year. In
view of the ex)endiliircs that had
been made upon the lino, and th-we
directed to be mado undttr tho com
mutation act, it was, uf tho time,
deemed best to advaneo the means
required to complete this lino ; but, in
consequence of the unexpectedly large
amount required, it would have prob
ably been better to have permitted
the road to have been sold, and thus
divested it of the complications sur
rounding it and which now render
such a sale essential to ascertain the
relation of its credilors. Thero is
much work still to be done, to com
plcte this road in a manner that will
ennblo it to meet the demands of its
traflic.
The Marietta line, which had enlist
ed the warmest support from the
shareholders and merchants of this
city, of cither of the lines mentioned,
became so hopelessly involved that
the funds advanced hy tins Company,
for tho construction of that pnrt of;
, , , , j , I
the road between Marietta and Wheel
ing, were taken without our assent,
to meet its debts incurred upon the
line west of that point. Inconsequence
of this misapplication of the means
furnished by this Company, and the
immense sums that would have been
absorbed in carrying out the original
plan, it was not deemed prudent to
make any attempt to save the amount
invested in the enterprise, under your
instructions. Thii amount was ac
cordingly charged to profit and loss,
and its stock no forger appears among
your assets.
i lie interest of (lie Company in the
Chicago line has resrly all been dis
posed of, at a profit to this Company
fully equal to us loss upon tho Mari
etta line. Hut for the timely aid af
forded by this Company, it would have
proved, as an investment, nearly as
unproductive.
The completion of the Columbus
route having, in coiiscqiienoe if want
of legal authority in Virginia, been
thrown into a period ot inflated pri
ces, its cost has so far exceeded our
anticipations that it will require a long
timo for it to repay this (. ompan in
d rect returns for the oiitlavs incurred.
For these expenditure!, it bus received i
various securities, some of which have 11 tons of coal. Tho increase in the ion, they will be successfully tnanu
been disposed of, and on tho remain-1 coal traflic is 2,18,424 tons, and the . factured at home and the price very
der there ill probably be nn hiss rx-
cept a few years ol mlercst, lor winch i that ol last year, C;iJ,'.U8 tons, nearly
the indirect advantages gained by the j 25 per cent.
Company must lie its compensation. 1 he earnings of the Company's ca
Tbe shareholders will perceive, from j tin Is wero: from Susquehanna I i vision,
this resume of the operations of the ; ?-'.'i2,ol 12 j Juniata Division, 135,-
Company, tho extent of the means!
required, and the labor and rcponsi-
bility incurred to save tho original ,
investments mr. lc under votirinstrnc-
tions, tj 1'iiild up Imcs to conned and operating the canal.t.was: .Su. stel mis is now w holly a comtner
yours with the tra.lo centres of the , quelini.a Division, 8130,213 PS ; Ju-! cial question, in which the cost of the
West expenditure that were neces- niat.t Division, 8101,5111 50 ; Western i increased capital required for their
snry io the success ol your own work,
but which n few cais" earlier cotn-
tnencetnent of it would nave rendered
unnecessary, as the tendency of the
Western lines would prohaiily then
have been towards 1 illsliiirgri.
Those expenditures have frequently
been referred to by shareholder as
unwise, without reflecting that they
wero the result of their own action,
and that the officers of the Company
are really the parties to complain ol
the immense unrequited labor and
responsibility they hare bid tr assume J
3
to save the object the Company had
in view in making these investments,
and in providing tho means necessary
to eneci, tncin. Jliat they havo re
quired outlays, to secure the original
objects, far exceeding any just expect
ation at tho time they woro onlcred
into, is qtiito true ; but this has arisen
from tho inadequate stock basis fur
nished by their shareholders for the
completion of these works and the
subsequent increased cost of building
railways. The result, however, wo
think will justify the policy of this
Company.
Tliese extraordinary outlays were
commenced wbila the traffio of this
lio ooanpAtwtivolTr araadl. einel
ourtnenou dj a licavy impost levied
by the State, and assessed upon no
other competing lino, trreatlv dimin
ishing its ability to meet these neces
sary expenditures to ensure the pros
perity of the State and from which
burthen it was only released upon
condition that the Company would
apply the unpaid instalments towards
the construction of the Mifflin and
Centre County, Bedford, Paid Eagle
Vullcy, Tyrone and Clearfield, Ebens
burg and Cresson, Western Pennsyl
vania, and tho Pittsburgh and Steu
benvillo Railroads all improvements
within the Commonwealth. The ef
fect of this mandate was the same as
that which followed the appropriations
mado by tho stockholders to Western
lines, already stated, entailing upon
this Company cither tbe loss of the
whole investment directed to be made,
or advances of the additional amounts
reouired to comnlete theso works
results have proved much more satis
factory than if the original expendi
tures bad been suffered to remain un
productive, as would have been the
case if they had simply fulfilled the
requirements of the law. The fur
ther extension ol some of these lines
will still be necessary to enable them
to become productive and meet tbe
wants of tbe districts they were bailt
to accommodate.
We havo thus presented to yon the
extent, and the ctiuses for the unusn
ally heavy expenditures made by this
Company on account of its tributaries.
Their magnitude has made it necessa
ry, not only to protect tbe investment
made in them, but ulso to secure the
control of other lines important to
their success. This policy has event
uated in a system which includes the
Philadelphia and Erie and Northern
Central Railroads, by which the Com
pany's cars find their way over con
tinuous and unbroken lines, under one
control, from Columbus, Erie and Pitts
burgh to Philadelphia and Baltimore.
The earnings and expenses of tho
Pennsylvania Railroad, and tho roads
worked by it, except tho Philadelphia
and Erie Railroad, were for ISOti as
follows :
tasTixsa.
From raeefrogera
let ( laaa....
te,rs.oi sc.
1. m ,T2i a
...... MO.HS 44
82,7.10 M'
. J74.M 13
,..ll,7nt.5JJ 6
471,011 IS
Kinis;ranta
I'tiitcd htatee lnmia...
t ailed Staue Maila
Kxprrea mattrr
tlt'iieral freight.
Miecttllanecu source..,..
Total-
...lS..'iJ.ft S4
f" tran.,.orta.o ts,H.:n :j
rur snotire power a.7M7,s;ti S3
For BuainU'tiatioc of Car..,
l.ftil.ml Hi
S,l".',4.'t0 Si
, 8s,Sil 47
For maintetianoe of Koad..
For general expen.ee
Total.-
...1J.7H0.1MM' S7
StTAFITrUTIO.
Oroea earning tie..'.'!.'?! S
Uroaa expenree l,;y(l,Vi) 27
Leaving a tmlaooe of-,
X.7t'l.7J 47
The groaa rerenue of tlie line for 1SG0 ia equal
to f.tvl23 41 per mile of main line of road (3oS
fuileel, and ia leaa than the aggregate reoetpta in
lsi, 876,SS 6A.
Tbe derreaae upon peeamYra and
emigrant ia ITts.ATt 56
t poa ezpreaepa.... t lfll,.1M S.I
I pnn Wo.ertimrnt trwipe 717, 9V IS
Making the total derreaae tl.M.S.CIi ii; etbile
tlie Inrrraeeon I'. S. meila area $J,:.Ve 45: on frg
nlar frviglil $.il!i.7!A 23, and oa mierllaneme
'J25.:ill t'.1; making the total inrraaet-tT-Hi.fUM 70.
eli" ing an aggregate loaa orer the laet Tear of
$s::.tt ss.
The whole number of paisengers
carried in 1805 was 2fl,SSi, and
during the past year, 2,ti73,ft(iS. The
average distance travelled by each
passenger was 5- miles, and the pre
vious jear 71 J miles; this difference
being duo to the larger amnnntof
through travel and troops in 1G.S.
The nnmbcrof tons of freight (in
cluding L'tifi,,", tons of fuel and other
ninterials transported lor tho com pa-
nv) was 3,4;i2,71?. embracing 1,413,-1
whole tonnage of t he road exceeds j
175 32; Miscellaneous sources, 810,.
till) 42; total ennrings, 8-'97,8G'
10--
ncai list 81 SI, 015 3S fjr 105.
The cost of maintaining, enlarging
Division, 81,723 55 ; total 8233.437 V ,
bowing a net profit during 1m10 of I
IE
804.4."!! is. the busines of a line is small, it will
Est i muting the value of theso canals j sliil be economy to noo iron rails at
when purchased at one million of dol- ian ordinary rate of interest npon cap
lurs, they now stand this Compnny, ! iul, nntil the cost of producing steel
including interest and the cost of their j is reduceed to its minimum. "When
renewals and enlargement as fur a it this result is accomplished, the gen
has progressed, at about 82,750,003, I end public will be materially bencfit-
for wlncli sum they will le sold toiho '
Pennsylvania Cauul Company for
stock ia said Compnny, in pursuance
of the policy sanctioned st your last
annual roeMing
BLICAN.
TEEMS $2 per annum, in Adrance.
SERIES-V0L. 7, NO. 32,
It is believed, that the growing bi
tuminous coal and lumber transporta
tion that may bo thrown upon the
Pennsylvania Canal, at or near Hunt
ingdon will, npon its enlargement,
make it a profitablo investment.
Above Huntingdon, it must in conso
quenco of a great amount of lockage,
eventually be abandoned ,and a rail way
occupy its route, along which there
exists an abundant water power to
give lifo and activity to a large manu
facturing population.
Tho earnings of the Philadelphia
and Erie Railroad, in i860, were: from
passengers, 808C.C21 78: from troops,
818,103 :8; from freight, 11,74469 18;
froan Jtrtr-stw ruaattor, 1:26,041 4H j from
mails, flK hin ho; lrom miscellaneous
sources, $16,584 86; total receipts,
2,!U1,051 79; total expenses, 12,819,
713 33 a loss to this Company in op
erating the line of 8278,601 54.
This loss is largely to be attributed
to the bad condition of the older
bridges erected by the Philadelphia
and Erie Railroad Company over the
Susquehanna, and the unfinished char
acter of the woi generally, upon the
whole line.
The passenger travel has fallen off
during tbe, year, in sympathy with
that of nearly all of the other railways
of the country. To this general de
pression, this line has also been added
to it, the loss of travel from the decay
of the speculative excitement of the
oil region, while tbe train accommo
dation has to be maintained.
The tonnage of the Philadelphia
and Erie is mostly made up of cheap
products, that can only be moved at
low rates of transportation, which, nn.
dcr the existing condition of the busi
ness of tbe country, are inadequate to
meet the cost of their movement at
the per centage stipulated in the lease
of the road. This traffic has been
quite irregular during the past year,
though in tbe aggregate it has large
ly increased over that of 1SC5, and
must continue to grow with the in
crease of the population of the region
traversed, while the relative trans
portation expenses can only be reduc
ed by this enlargement of its business
and a full in tbe prices of labor and
materials.
Arrangements are being made to
increase the business of the road br
the establishment of aline of steamers
between Erie and the other lake ports,
under the patronage of this Company,
with anticipations of successful result's.
The future of this great work is
very encouraging, but its traffic, as in
all other nimilar projects, will require
the application of capital and timo to
develops. Tho transportation facili
ties are ample for the accommodation
of all the business that can be offered
to it during the present year.
The demands upon your Treasury,
during this year, iu addition to the or
nary expenditures for operating the
road, will be about the same as esti
mated for 1S63. To tho completion
of the Connecting Railway, and the
increase of facilities for business npon
the West Pennsylvania and Piltsbjrg
and Columbus lines, thrre vill be aidrd
the extension of tht Tyrone ani Clear
field llrancK to the toirn cf Clearfield,
near the centre of the great lumber and
coal region of the Alleghenie$. A num
ber of improvements upon the Main
Line, heretofore deferred in conse
quence of the high rates of wage and
material, will not admit of further
delay; while the road between Lan
caster and Philadelphia, located be
fore the successful application of loco
motive steam power upon railways,
requires extensive alterations in its
alignment, to place it in harmony
with the other portions of your rail
way. Your Directors have alluded in pre
vious reports to the rapid destruction
of iron rails, and the increased cost of
replacing them, under tho frequent
interruptions to the workmen from
the numerous trains now passing over
the line. Every effort to materially
improve the quality of the iron to
moot the wants of the augmenting
traflic cf the trunk lines having here
tofore failed, attention was directed to
tho introduction of steel rails, and,
with a view to test their efficiency,
the President, whilo in England, in
102, ordered a few hundred ton for
trial.. Theso proved so satisfactory
that larger importations have been
mado of Bessemer steel rails, which
havo entirely confirmed our expecta
tions of success. The cost of steel
rails is at present about twice the
price of the best iron nils, while their
durability fully eight times greater.
It is confidentially believed, however,
that with enlarged works, increased
knowledge of theores required to pro
duce tbe best quality, of this metal,
and greater experience in its produc
largely reduced. At present the de-
mand is equal to the supply, and
prices are maintained. To avoid the
heavy annual outlays that a change
lrom a cheap to a dearer material
would necessarily entail npon yonr
revenues, it is to continue for the
present to re-roll the worn-out rails,
and replace the annual wear with steel
rails. The general introduction of
purchase becomes the chief imexli
ment to their general adoption While
tea iy the reduced cost of transport
tion which the introduction of steel
rails will ouable railway Companies
to afford.
The Company has also laid 500 ton
of rails the wearing surface of which
hsd been "steeled" by Dodd'i procoat.
The increased durability imparted to
the rail by this process will probably
extend iu life threefold, while it ad
ditional cost thus prepared is about 25
per cent. From tho result of our ex.
perience it would teem that rails so
treated will prove a valuable article
as nn intermediate between steel and
ordinary iron rails.
Tho Directors have given to tho
subject of establishing a line of steam
ships between this port and Europe,
committed to them at your last an
nual meeting, all tho consideration
which its importance required; but
they havo not yet arrived at a satis
factory conclusion as to the best
means of effecting this desirable object.
Proposals havo Lccn asked nntil the
first of May next, by public advertise
ment, of those engaged in thia busi
ness to eslablibh such a line, under
concessions, and a subsidy to be paid
by tins company during toe continu-
anco of the contract.
It will be gratifying to sharehold
ers to learn from a careful examina
tion made of the statistics of the
freighting business of the Company,
that of the 8,180,359 tons of freight
carried over the road during the past
year, only 158,201 tons of through
freight has passed from points east of
rmiaaeiniiiu to and lrom rittsburgb
and the West, 61,R62 tons to and from
Baltimore, while S30,959 ton of
through freight have been carried to
and from Philadelphia and the West.
The remainder, 2,635,274 tons waa
lol traffic of the State, between local
stations, and from them to and from
Philadelphia and Pittsburgh. Phihv.
delphia, therefore, in addition to the
large local traffic mentioned above,
enjoy one hundred per cent moro
of the through traffic transported over
the line than New York, Providence,
Bobton, and all other points on tbe
Atlantic seacoast combined east of
Philadelphia.
Since your last annual meeting, tbe
Superintendent of Motive Power and
Machinery, (J. P. Laird, Esq.,) resign
ed Lis position, and the Board has
appointed as his successor, E. E. Bick
er, Esq , who for many years had been
connected with tbe active manage
ment of Western railways, npd be
will no doubt make a successful man.
ager of the important department
committed to bis charge.
J. Edgar Thomson, President,
Reformatio or HHIIiam Wtrt.
A TEL I IKCIDKKT I BII BISTORT.
The distinguished William Wirt,
within six or eight months after hi
first marriage, became addicted to in.
temperance, tbe effect of which opera
ted strongly on the niiud and health
of his wile, and in a few months more
she was numbered with the dead. Her
death led him to leave the country
where Le resided, and he moved to
Richmond, where he soon rose to dis
tinction. But his habits hung about
him, and occasionally he waa found
with jolly and frolicsome spirit in
bacchanalian revelry, llis true friend
expostulated with him, to convince
him of the injury he was doing him.
self. But he persisted, llis practice
began to full off, and in any looked on
him as on tbe sure road to ruiu. lie
was advised to get married, with a
view of correcting bis habits. Thi
ho consented to do if the right person
offered. He accordingly paid his ad
drisses to Miss Ciaiublo. After game
month's attention he asked her baud
in marriage, she replied "Mr. Wirt,
1 have been well aw are of your atten
tions for some timo back, and shoulvl
have given you to understand that
your visits and attention were not
acceptable, had I not reciprocated the
affection which yoa evinced for roe.
But I cannot yield my assent until
yoa make a pledge never to taste,
touch, or handle any intoxicating
drinks." This reply to Wirt wu as
unexpected as it was novel. Ilia re
ply was that he considered the propo
anion as a bar to all further consider
ation on tho subject, and he left her.
Her course towards hi in waa tlie same
as ever his, resentment and neglect.
In the course of a few weeks be went
again and solicited her hand. But
her reply was, her mind was made np.
He became indignant, and regarded
the terms she proposed as insulting to
his honor; and vowed it should be the
last meeting they should ever have.
He took to drinking worse and worse,
and seemed to run" headlong to ruin.
One day, while lying in the outskirts
of tbe city, near a little grocery, or
grog shop, dead drunk, a yonng lady,
whom it is not necessary to name, wa
passing that way to her home, not far
off, and beheld him with his lac up
turned to the ray of the scorching
sun. he took her handkerchief with
ber own name marked upon it, and
placed it over hi face. After he had
remained in that way tome hoars, he
was awakened, and his thirst being
so great, wen, into the little grocery
and grog bon to get a drink, when
he discovered tb handkerchief, at
which ho looked, and the name wa
on it. After pausing a few minute,
he exclaimed "tireat God ! who left
thi with me! Who placed this on
my face f" Xo one knew. lie drop,
ped the glas exclaiming ''enough!
enough !" lie retired instantly from
the store, forgetting his thirst, bot not
bis debauch, the handkerchief, or the
lady.vowing, if God gave him strength,
never to touch, taste, or handle intox
icating drinks.
To meet Mis G , wis the hardest
effort of his life, ll he met her in ber
carriage, or on foet, he popped aromd
the nearest corner. he at last ad
dressed him a nolo under her own
hand, inviting him to her house, which
he finally gathered courage enough to
accept. He tcld her if she still bore
affection lor Lim, he would agree to
her own terms. Her reply wss : "My
cond tions are now what they ever
have been." "Then," said Wirt, "I
accept them."
They were soon married, and from
that day he kept his word, and his af
fairs brightened, while honors and glo
ry gathered thick upon his brow. Ilia
name has been enrolled high in the
temple of fame, while hi deeds, hi
patriotism and renown live after bim
wiih imperishable lustre. How many
noble minds rcicbt the young ladies
save, if they would follow the exam
ple of tbe heroine hearted MissG ,tbe
friend of humanity, of her country,
and tbe relation oft FsveUe.