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RESULT OF THE BUSINESS OF THE YEAR.

Earnings.
From passengers
From N. Y. Čity and N. R. R. Co., for use of terminal tracks..
From mails....
From news privileges..
Froun interest..
From advertising privileges.
From sale of old scraps, etc.

$6,632,953 54

6,000 00 5,000 00 9,000 00 3,954 05 58,455 11 10,996 60

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BALANCE SHEET AT THE END OF YEAR.

Dr.
Lease, the New York Elevated railroad....

Lease, the Metropolitan Elevated railway.
The New York Elevated railroad stock..
Metropolitan Elevated railway stock....
Office furniture and fixtures..no,
Supplies on hand....
Tools and machinery owned...
Due from the New York Elevated Railroad Company, account of

construction .....
Due from Metropolitan Company, account of construction.
Real estate
Interest on bonds and mortgages
Taxes paid on New York Elevated railroad structure.
United States Trust Company, trustee
Cash......
Sundry current accounts.

$6,500,000 00 6,500,000 00 5,735,800 00 4,508, 200 00

6,462 81 170,072 77

1,705 54

757,613 32 219,582 34 576,133 40

68,140 81 186, 187 41 184,527 80 254,372 05 319,763 83

Total....

$25,988,562 08

* Including respectively the earnings and expenses of the New York Elevated Railroad Company froni May 6 to June 30, 1884, as appeared in that company's report for quarter ending June 30, 1884. + Rental of leased lines:

Interest on New York Elevated railroad bonds
Rental to New York Elevated Railroad Company
Interest on Metropolitan Elevated railway bonds.
Rental to Metropolitan Elevated Railway Company.

$595,000 00

7,682 88 769,081 00

10,000 00 $1,381,712 88

# Three per cent on $6,500,000, the New York Elevated railroad (or Manhat

tan first preferred) stock for six months ending March 31, 1884.
Three per cent on $6,500,000, Metropolitan Elevated railway stock for

same period...
Three per cent on $26,000,000, Manhattan railway consolidated capital
stock for six months ending September 30, 1884

Total dividends for the year....... $ See investigation by Railroad Commissioners in volume 1 of their report for 1883.Railroad Commissioners.

$195,000 00 195,000 aC

780,000 00 $1,170,000 00

Cr.

Consolidated capital stock....

$22,420,045 00 Capital stock...

101,500 00 First preferred capital stock

297,000 00 Second preferred capital stock..

26,600 00 The New York Elevated Railroad Co. (supplies and equipment)... 93,507 45 Metropolitan Elevated Railway Company (supplies and equipment). 67,988 86 Bonds and mortgages...

250,400 00 The New York Elevated Railroad Company, real estate.

78,769 69 Metropolitan Elevated Railway Company, real estate..

633,426 48 Interest and rental accrued to September 30, 1884..

365,068 49 Stock agreement of August 1, 1884

398,855 00 Unfunded debt, per “Stock and Debt

1,154,132 33 Balance surplus, September 30, 1884..

101,268 78 Total......

$25,988,5

,562 08

$362,458 28

29,170 76 289,697 24

INCOME,” OR “PROFIT AND Loss” ACCOUNT.
Balance surplus from previous year.
Credit balance of interest account transferred
Surplus of earnings this year

Total...
Deduct:
Balance due on second preferred dividend of April 1,
1882. ....

$301 50 Amount favorable to Metropolitan Elevated Railway

Company under agreement of July 1, 1884, for divi. dends prior to October 1, 1883.

579,756 00

$681,326 28

580,057 50

Balance surplus September 30, 1884...

$101,268 78

NAMES AND RESIDENCE OF THE DIRECTORS OF THE CORPORATION.

Residence.
Names of Directors.
JAY GOULD..

New York city.
CYRUS W. FIELD.

New York city.

New York city.
RUSSELL SAGE
ROBERT M. GALLAWAY.

New York city.
EDWARD M. FIELD,

New York city. GEORGE J. GOULD

New York city.

New York city.
SIDNEY DILLON..
SAMUEL SLOAN.

New York city.
WASHINGTON E. CONNOR..

New York city. JOHN H. HALL..

New York city. CHESTER W. CHAPIN

New York city. THOMAS W. PEARSALL..

New York city. SIMON WORMSER..

New York city.

THE NAMES AND OFFICIAL ADDRESSES OF THE EXECUTIVE AND GENERAL

OFFICERS OF THE CORPORATION.
Title.
Officers.

Official Address.
President...
JAY GOULD

New York city. Vice-President.. ROBERT M. GALLAWAY.

New York city. Gen. Manager........ FRANK K. HAIN.

New York city. Sec. and Treas....... DANIEL W. McWILLIAMS.. New York city. Communications intended for this company should be addressed, Manhattan Railway Company, No. 71 Broadway, New York city,

METROPOLITAN ELEVATED.

LESSOR.

LESSEE, MANHATTAN.

(Date of charter, June 17, 1872.)

The Metropolitan Elevated Railway Company is the successor to the Gilbert Elevated Railway Company, which was incorporated under chapter 885, Laws of 1872.

SIXTA AVENUE LINE. From Rector street to Eighth street, opened June 6, 1878. First train to Fifty-third street and Eighth avenue, January 9, 1879. First train to One Hundred and Fourth street and Ninth avenue, June 7, 1879.

First train to One Hundred and Twenty-fifth street and Eighth avenue, September 17, 1879.

First train to One Hundred and Thirty-fifth street and Eighth avenue, September 27, 1879.

First train to One Hundred and Fifty-fifth street and Eighth avenue, December 1, 1879.

SECOND AVENUE LINE.
First train to Sixty-fifth street and Second avenue, March 1, 1880.

First train to One Hundred and Twenty-seventh street, and Second avenue, August 16, 1880.

The lines of this company are leased to the Manhattan Railway Company under the agreement of May 20, 1879.

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Number of shares of ordinary stock (subscribed).
Total shares of stock, of par value of $100 per share (subscribed).
Number of stockholders...

65,000 65,000

114

NOTE. - On August 1, 1884, an agreement was made whereby the outstanding capital stock of this company is exchangeable into consolidated capital stock of Manhattan Railway Company. See that company's report.

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Additions or Betterments. Additional issue and sale of 335 second mortgage bonds, $1,000 each +$335,000 .00

CHARACTERISTICS OF ROAD.
Main line of road from Kingsbridge, via Eighth avenue, to Morris

street, and from Chambers street, via Second avenue, to One
Hundred and Twenty-ninth street, and thence to Eighth avenue.

51.80 miles.

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Total main line (laid), branches owned, and lines leased or operated.

18.08 miles.

17.94 miles.

Second track on main line
Second track on branches owned, or lines leased or operated...

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.14

Total second track .....

18.08 miles.

* Amount of two past due coupons.
+ Under investigation by this board.- Railroad Commissioners.

See report of investigation by Railroad Commissioners in Vol. I of their report for 1883. - Railroad Commissioners.

Third track on main line...

3.60 miles.

4.48 miles.

Sidings and turnouts on main line, including yard tracks.....
Sidings and turnouts on branches owned and on lines'leased or

operated

.01

Total sidings .

4.49 miles.

Aggregate of all tracks on main line, branches owned, including

all sidings and turnouts...

44.25 miles.

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EXPENSES OF OPERATING THE ROAD.
Office expenses, stationery, and other expenses about (general) office.
Salaries of general officers..
All other items...

$3,555 92 48,750 00 138, 753 03

Total expenses.

$191,058 95

AMOUNTS PAID FOR CERTAIN SPECIFIC PURPOSES INCLUDED IN FOREGOING. Stationery and printing

$1,674 38 Advertising...

320 40 Legal expenses and counsel fees..

136,758 25

Total....

$138, 753 03

TRANSPORTATION EXPENSES FOR THE YEAR.

Expenses .....

$191,058 95

RESULT OF THE BUSINESS OF THE YEAR.

Receipts.
From rental Man. Ry. Co....
From interest...

$10,000 00 19,434 46

Total receipts....

$29,434 46

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