(No. 26.)

NEW YORK CENTRAL.

STATE OF NEW YORK City and County of Albany,)

ss:

RICHARD M. BLATCHFORD, Vice-President of the New York Central Railroad Company, and HARLOW W. CHITTENDEN, General Superintendent of the operations of the said road, being severally sworn, each for himself, deposes and says, that the statements in the annexed report, signed by him at the end thereof, are true and correct, according to the best of his knowledge, information and belief.

(Signed) R. M. BLATCHFORD. H. W. CHITTENDEN.

The increase during the year, in capital stock, was occasioned by the conversion of an equivalent amount in 7 per cent bonds, due in 1876.

The funded debt, as by last report,

The total amount now of funded debt,....

$14, 627, 442 77

14,095, 804 34

The following is a detailed statement of the funded debt:
Debt certificates, or premium bonds, issued

to stockholders in 1853, under the consol-
idation agreement, payable May 1, 1883,
with interest at 6 per cent per annum,
payable semi-annually, on 1st May and
November,.

Deduct the amount of the sinking fund provided for their payment under the consolidation agreement, consisting of $1,875,100 in said certificates duly canceled, and amount temporarily uninvested $567.061.26,

Amount outstanding of the debts of the former companies, assumed under the consolidation agreement,

Bonds for funding the principal of the debts
assumed for the former companies, at
consolidation, payable August 1st, 1876,
interest at 7 per cent per annum, payable
semi-annually, on 1st of February and
August,....
$1,780, 000 00

Less in sinking fund can

celed,...

$8,892, 600 00

2,442, 161 26

100,000 00

382, 000 00

1, 398, 000 00

Bonds to stockholders in Buffalo and Niagara Falls Railroad Company, under the lease of that company's road, payable May 1, 1883, interest at 6 per cent per annum, payable semi-annually, on 1st May and November,.... $110, 800 00 Less in sinking fund can

celed,....

33, 800 00

Bonds for railroad stock, payable May 1,
1883, interest at 6 per cent per annum,
payable semi-annually, on 1st May and
November,
$817,000.00

77,000 00

Less in sinking fund can

celed,...

$211, 000 00

$606, 000 00

Bonds for real estate purchased, payable
May 1, 1883, interest at 6 per cent per
annum, payable semi-annually, on 1st
May and November,....
Less in sinking fund can-

$235, 000 00

70, 000 00

165, 000 00

celed, Bonds and mortgages, for real estate purchased, with interest at 7 per cent per annum, excepting $45.550.50, the interest upon which is, at 6 per cent per annum,.. Bonds payable August, 1876, interest at 7 per cent per annum, payable semi-annually, on 1st February and August, with convertible privilege at par, till 1st Aug., 1869,.... $2,990, 000 00

Less converted into capital

stock,

185, 365 60

801, 000 00

2, 189, 000 00

Between the close of the fiscal year and the verification of this report, the further amount of $1,729,000 in these bonds was converted into capital stock, making the total amount of capital stock on the 11th December, 1866, $26,530,000, and leaving the amount in these bonds outstanding $460,000.

Bonds payable December, 1887, interest at 6 per cent per annum, payable semiannually on 15th June and Decemberissued in renewal of 7 per cent bonds, due 15th June, 1864,*....... $3, 000, 000 00

* Of these bonds, $11,900 in amount had not been presented for payment at the close of the fiscal year-the funds to meet them having been appropriated, they are not included in the statement of debt.

The company has no floating debt.

The average rate per annum of interest on funded debt, is 6,20% per cent, and all interest, except on mortgages, is payable in the city of New York.