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ment of the principal of the debts at maturity—the semi-annual interest on the debts, being punctually paid by the Corporation, also from the proceeds of the business of the road.—The Massachusetts Fund is in the care of the Treasurer of the Commonwealth and the Treasurer of this Corporation as Commissioners, and is loaned on mortgage security or invested in safe stocks. The Albany fund is under the care of two Trustees, one appointed by this Corporation, and the other by the city of Albany, and it is loaned on bond and mortgage in Albany at an interest of 7 per cent. payable semi-annually. There are no charges for the management of either fund.

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STATEMENT OF EXPENDITURES FOR CONSTRUCTION.

The entire Expenses for the Construction and Equipment of the Roads, have been as follows :

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The items prior to January 1, 1844, as given in the Report of 1844, have been now corrected from the books.

Transportation Department.

The senger and merchandise trains have been continued through the year, with great regularity, and without any accident of note. And the opening of the Hartford and Springfield Rail-road has enabled the company to establish continuous winter lines between Boston and New York, and Albany and New York, by way of that road, by slight variations of the previous hours of running, and without the expense of special trains.

The receipts from the business of the road in 1844, were as fol. lows, viz. For passengers,

8358,694 00 “ merchandise,

371,131 84 From other sources-mails, expresses, rents, &c.

23,926 88

$753,752 72

Total receipts,
The expenditures on the same account for 1844, were
as follow, viz.
For repairs of roads,

$61,390 49
of engines,

29,782 44
21,510 08

51,292 52
For fuel, oil, wages, salaries, depot and
all other miscellaneous expenses,

201,391 19

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of cars,

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$101,701 03

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Balance net surplus, Jan. 1, 1845,
Since the 1st of January, a dividend of 3 per cent. has

been declared, which on 26,734 shares (being all not
owned by the company), amounts to .

80,212 00

of Leaving a surplus carried forward the present year,

$21,489 03

The annexed account of the treasurer shows his statement of the entire receipts and expenditures of the year, as of Jan. 1, 1845.

The whole number of miles run by all the trains in 1844, is as follows, viz. For passenger trains

212,8921 " merchandise trains,

255,376 “ other trains—for road repairs, wood, &c.,

31,6993

Total miles run,

499,968

The expenses averaged upon miles run, give per mile run 63,00 cts.

The whole number of passengers carried over the road during the year, is as follows, viz. Through passengers 1st class,

17,0161
7,314

24,3304 Way passengers-1st class, .

140,8681 2d

55,0581

195,927

2d

Total passengers,

220,2571

The following table gives a comparative statement of receipts, expenses, and other statistics of the transportation business, yearly, since the opening of the first division of the road.

Comparative Yearly Statement of sundry Statistics of Transportation Business.

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1844

358,694 00 371,131 84 23,926 88 753,752 72 313 314,074 20

34 439,678 52

499,968

63 04-100 220,257)

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From 1842 to 1843, increase of Passenger Receipts, 31 per cent.—Increase of Merchandise do., 213 per cent. 1843 “ 1844,

345

* First year of opening through to Albany.

+ As corrected in Report of Jan. 1813, to include damages for the collision of 1841.

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