This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1863 Excerpt: …the second-class passengers from those trains, to the discomfort of the regular passengers by the night train; and, not being successful, it was discontinued before the close of the season of navigation. The receipts of 1846, for eleven months, were, $878,417 89 The expenses, !—412,679 80 Net receipts, for eleven months, -$465,738 09 Of this, was applied to interest, and two three per cent, dividends, … 448,731 57 f Surplus carried forward, –$17,006 52 The income was not adequate to pay eleven-twelfths of the one per cent, to the Sinking Fund, and those payments were made from the proceeds of shares of the increased capital. An engine, and passenger and Adding December earnings, the receipts for the year were $954,417.89. Against $332,012.38 in the same months in 1845. freight cars were added to the Road, at a cost of $22,950, and charged to expenses. The capital stock was increased by adding $400,000, under the act of March 25, 1845, making $3,400,000. The Pittsfield–and North Adams Road was opened for use, December 1, 1846, when the Western Company commenced operating it. By act of the Legislature of April 24, 1847, the Company was authorized further to increase the capital stock, not exceeding $1,600,000, the proceeds to be appropriated for expenses of additional construction, –for engines and cars, –for payments to the Sinking Fund, and purchase of Massachusetts sterling scrip; with authority to pay that fund in sterling scrip, and to purchase the securities of the fund with sterling scrip, –no shares to be sold under par. The addition was made–in the first six months, of fifteen hundred shares, and afterwards four thousand five hundred shares, making, with the increase of the act of 1845, a capital of $4,000,000. The receipts of all kinds, in 18
