I
June 1st, 1876.
Detailed Statement, giving* its History, Locution and the Consolida¬
tions which have resulted'in the formation of the present
Corporation : cdso Statement showing the present
. Financial condition of the Consolidated
Company.
c
FITCHBURG :
MIINTKI) AT THE OFFICE OF GEO.. 11. KELLOGG.
1876.
(TRE.AI
BANGOR
S L John!
, Memphrc^iagog
Kendalls Mills)
jJawlSt-Albans I
L. Char/ipjJjirX Z I
.Essex .jMöcl S t.John s,
v H£>Pto,'y
Modlpelki-v
»¡nNlrthfieldA
Ii utKindVwhite LiU
Ogdensburg
Kingston,
'ORTLAND
.Concord \«¡j
Syracuse
lorkct
ichester'
k\-mchí^j&ta¿<.tücc
don )
ÊoncorV „.BOSTON
FITCHBufíW,
I Clintoi
I /(providence^ \ Vjjemuifrg
JTartford
i r 7 M®)
i IT* * I/- /
' / ^ÊÉi i
Xc»- ¿g-My?.-* ~
Elm ira
ÑANTuÓ'KEl
.TV ill iain sport
/^PENN.
Altoona
Harrisburt
Pittsburg
HILADEIáPHIA
íington.
rnÜ3®daware City
IALTI MORE
WASHINGTON"
Alexandria*;
in connection with
RICHMOND^.
Cityim."
Peters^irg
CLYDE'S LINE. STEAMSHIPS
AND
SEW BIBFQEB & I. T. SÎBâMSSIFS.
Danville
Raad Avtety;¿fe Co. Bos toa
BOSTON, CLINTON, FITCHBURG
AND
NEW BEDFORD RAILROAD
company.
J une 1st, 1 8 7 6.
Detailed statement, giving its History, Location and the Consolida¬
tions which have resulted in the formation of tho present
Corporation ; also statement showing the present Finan¬
cial condition of the Consolidated Company.
FITCHBURG:
PKINTED AT TOE OFFICE OF G. II. KELLOGG.
1 8 7 C ,
Tlie Boston, Clinton & Fitchburg Railroad Company was
incorporated, April 26, 1847, nnder the name of the "Agricultural
Branch Railroad," with authority to build a road from Northboro to
some convenient point in Framingham, which road was accordingly
built and completed in 1855, and opened for public travel between
Northboro and South Framingham December 1, 1855. In 18C4
and 18G5 this road was extended- and built from Northboro to
Pratt's Junction and opened for public, travel between these points
July 'J, 1866. It was operated for three years in conjunction
with the Fitcliburg & Worcester Railroad — with which it had
a connection at Pratt's Junction—thereby forming a through line
between Fitchburg, South Framingham and Boston.
By. act of Legislature, passed April 17, 1807, and approved
by the stockholders, May 30, 1807, the name was changed to
the Boston, Clinton & Fitchburg Railroad Company, and by pur¬
chase and consolidation with the Fitchburg & Worcester Railroad,
June 30, 18G9, the latter corporation—chartered April IG, 184G,
and owning fourteen miles of road between Fitchbûrg and Sterling
Junction, which was opened to the public in February 1850 —
ceased to exist as a separate corporation, and all its real estate
and personal property became the property of this corporation,
whose line at this time comprised 44.339 miles, including the
branch from Pratts Junction to Sterling Junction. The Mansfield
& Framingham Railroad was chartered March 18, 1867, and built
in 1869 and 1870, under the superintendence of parties largely
interested in this road, and was opened for business February 1,
1870. In accordance with special act of Legislature of March
17, 1870, and concurrent action of both corporations, the Mansfield
& Framingham Railroad Company was consolidated with and
became a part of this corporation, from and after June 1, 1875,
extending the road of the present corporation to Mansfield, and
adding, thereby, twenty-one miles to our line, and making with other
small additions, 70.033 miles in all. The New Bedford and Taunton
Railroad was incorporated March '26, 1839, and the road opened foi-
public travel July 1, 1840. The Fairhaven Branch Railroad Com¬
pany was incorporated May 1,1849, and the road between Fair-
haven and Tremont was opened for public travel, and afterwards
sold to the New Bedford and Taunton Railroad Company.
4
By act of Legislature approved February 11, 1874, the New
Bedford and Taunton Railroad was sold to the New Bedford
Railroad Company, and the same year its tracks were extended
to tide water in New Bedford and additional wharf property pur¬
chased.
The Taunton Branch Railroad Company was incorporated
April 7, 183"), and the road between Mansfield and Taunton was
opened for public travel in August, 1880, and in accordance with
an act of the Legislature approved February 11, 1H73, was con¬
solidated with the New Bedford Railroad February 2, 1871. This
included the Attleboro Branch Railroad, a branch of the Taunton
Branch Railroad, which was incorporated March 19, 1870, and
opened for travel between Taunton and Attleboro in August, 1871,
making in all, 57,299 miles, including the "Weir Branch Railroad
which was incorporated April 10, 1847, and became the property
of the New Bedford & Taunton Railroad.
In accordance with authority by act of Legislature approved
February 11, 1873, the New Bedford Railroad Company, by con¬
current action with the Boston, Clinton & Fitchburg Railroad
Company united and formed one corporation on the first day of
June, A. 1)., 1870, under the title of The Boston, Clinton,
Fitchburg & New Bedford Railroad Company. Thus it will be
seen that the present corporation comprising to-day, one hundred
and twenty-seven miles of Railroad, has been formed of the fol¬
lowing Corporations and Properties :
Fitchburg & Worcester, originally, 13.903
Agricultural Branch, " 28.909
Marlboro " 1.407
Boston, Clinton & Fitchburg, originally, 44.339
Lancaster Mills Branch built, 1.629
Framiugham Prison " " .815
F. & L. Extension at Framingham, 2,000
Mansfield and Framingham united, 21.250
Boston, Clinton & Fitchburg, May 31, 1870, 70.033
New Bedford & Taunton, originally, 20.130
Fairhaven Branch purchased, 15.170
Acushnet Branch, built, .353
Weir Branch, built, .006
New Bedford R. R. originally, 36.259
Carried over,
5
Brought over,
New Bedford Extension,
Taunton Branch, including Attleboro Branch
consolidated,
19.700
30,253
1.340
New Bedford R. R. May 31, 1876,
57.299
Boston, Clinton, Fitchburg & New Bedford lt. E.
June 1, 1876,
127.332.
The above figures represent only the earning track, • over which
trains are run at regularly established tariff prices. There are in ad¬
dition, 32^3$^ miles of track, 30^32^ of wkick.is used for sidings,
storage and turnouts, and the balance, say 210sa0, is double track in
the main line, the whole recapitulating as follows :
Earning track, main line and branches, 127.332
Anxilliary tracks, sidings, turnout, double and storage, 32.038
Total number of miles of Eailroad belonging
to the new Corporation, 159,370
There is in addition to this, a very large amount of Ileal Estate
whieh for convenience sake, we classify in two lists, including in the
one, all lands and buildings upon the line, which are in use for rail¬
road purposes, or used in connection with the road. The other,
comprises the property- whieh has come into the possession of the
Corporation, and.is held for control, or in view of possible prosper
tive wants, and in some cases, for sale. We give a detailed state¬
ment below, with valuations carefully made by experienced experts,
care being bad to keep within -the price at which similar real estate
could be purchased, even at the present time.
REAL ESTATE IN- USE FOE EAILROAD PURPOSES.
MAIN LINE. '
NEW BEDFORD.
One Half Almy Wharf,
Beetle's
Steamboat
Repair
Commercial
CS
§3,000
6,000
10-,000
2,600
25,000
820 Rods land, Pearl to Logan, on Ray St.,
12 Rods, Rodman's Crossing, East side,
1 1-2 Acres at Acushnet Station,
28,700
400
240
$75*940
Commercial Wharf Freight Station,
Carried over*
15*000
(i
Drought over, §10,000
1'carl Street Station, 2,BOO
Stone Round House, * 1,800
Stone Freight " 2,200
Logan St., Engine llouse, 2,300
Carpenter Shop, 3,500
Blacksmith " COO
Paint " COO
Store House for Lumber, I,BOO
" " " Small Supplies, 180
Gato IIousc, Rodman's Crossing, 1,000
Station House, Acushnet, 1,000
Track Scales, 1,200
Turn Table, 1,500
$35,-1801
FREETOWN AND EAST FREETOWN.
1) Acres, 18 Rods Laud, liraley's, 150
1 « " •• 50
Station at Rralcy's, 1,000
" " East Freetown, 1,200
200
2,200
LAKEVILLE.
Station at Howland's, 150
TAUNTON.
4 Acres, 10 Rods Land, Weir's, G,500
5 " Engine House Lot, 30,000
2 " 50 Rods Wales, High and Oak Sts., 37,000
1 " 88 " Freight House Lot, 18,COO
I " at Crane's, 100
One-Half Station at Myriek's, 1,000
Freight House at Weirs, 800
Passenger Station, Taunton, 28,000
Freight " " 43,000
Old Stone Freight House, 1,000
Carpenter Shop, 4,500
Machine Shop, 8,300
Round House and Chimney, 17,200
Paint Shop, 3,500
Station at Crane's, 200
Station at Whittenton, . 300
Freight House at Crane's, 500
92,200
108,300
7
NORTON.
I Acre Land,
Passenger Station,
Freight "
MANSFIELD.
17 Acres 106 Rods Land, north B. & P. R. R.,
\ " " south "
One-Half Station,
Turn Table,
One-IIalf Stone Engine House and Table,
Brick Water Station, Engine and Pump,
Wood and Coal Shed,
Hand-Car House,
FOXBORO.
7 Acres 8 Rods Land,
Passenger Station,
Freight "
SOUTH WALPOLE.
2 Acres 4 Rods Land,
Passenger Station,
Freight "
7 Acres 1 Rod Land,
Passenger Station,
Freight "
Car House,
1 Acre 157 Rods Land,
Passenger Station,
Freight "
Hamd Car House,
1 Acre 3 Rods Land,
Passenger Station,
Freight "
WALPOLE.
MEDFIELD.
SHERBORN.
3,'000
400
17,700
1,600
5,000
100
15,000
3,750
500
75
3,500
2,200
600
500
35
600
100
1,500
. 750
150
600
500
§100
3,400
19,300
24,425
7,050
5,700
GOO
1,100
2,100
735
1,000
2,400
200
1,100
8
SOUTH FRAMING HAM.
II Acres 17 Rods Land, south B. & A. R. Ii., 8.33,900
Il " 01 " north " 11,400
30 " 48 " " in Fond unfilled,
1 " 20 " " Camp Meeting Station, 110
Engine House, 3,000
Freight Ollice, 500
Small Freight House, 250
Carpenter Shop, 1,200
Railroad Scales, 1,000
Turn Table, 2,000
Hand Car House, 100
"Woodshed, 300
Conlshcd, 200
FRAMINGHAM.
4 Acres 47 Roils Land, at Station, 8,G00
!)1 Rods, " CO
-■ 815,410
Passenger and Freight Station, 900
Camp Meeting Passenger Station, 2,000
SOUTHBORO.
Passenger and Freight Station, 900
Hand Car House, 7.3
88,550
8,GG0
2,900
FAYVILLE.
82 Rods Land at Station, 100
Passenger and Freight Station, 900
Car House, 75
975
975
SOUTH MARLBORO.
2 Acres 128 rods Land, • • 1,400
Water Station, Tank and Pipes, 3,400
Woodshed, ' 300
3,700
MARLBORO.
1 Acre 25 rods Land at Station, 12,GOO
Passenger Station, ' * 4,000
Freight " 1,000
Engine House, .1,200
Woodshed, 300
Blacksmith Shop, 100
G,G0O
NORTHBORO.
2 Acres 6 rods Land,
Passenger Station,
Freight " _
BERLIN,
1 Acre Land,
Passenger and Freight Station,
WEST BERLIN.
Passenger Station,
Freight "
Water " Tank and Pipes,
BOLTON.
Passenger Station,
Freight "
CLINTON.
1 Acre 17 rods Land, Bolton Station,
3 « 37 •» » "Maj-na:-d Farm,"
15 Rods "
96 " "
One-Half Passenger Station,
Freight ■"
Hand Car House,
PRATTS.
1 Acre Land,
Passenger Station,-
Water Station and Tank,
Woodshed,
LEOMINSTER.
2 Acres 121 rods Land,
Passenger Station and Shed,
Freight "
Hand Cor House,
Store «
SOUTH FITCIl BURG.
13 Rods Land,
Small Passenger and Freight Station,"
10
FITCHBURG.
1 Acre 05 rods Land, Engine-house lot,
$G,100
3 " 90 " "
107,000
Freight Station,
20,000
Covered Coal Dump,
15,000
Engine-house and Turn-table,
4,000
Machine Shop,
0,000
Round House,
1,500
3 Carpenter Shops,
1,500
Blacksmith "
500
Faint "
750
Coal-sheds,
400
Track Scales,
1,200
Hand Car House,
100
STERLING BRANCH—STERLING.
1 Acre 107 rods Land,
850
j it 57 h il
275
Passenger Station,
450
Freight "
450
STERLING JUNCTION.
0 Acres 97 rods Land,
Woodshed,
' 300
Engine-house, Table and Tank,
2,200
Car House,
200
ATTLEBORO BRANCH—BARROWSVILLE.
Passenger Station,
ATTLEBORO.
One-Half Depot Land, 1 acre 3 rods in all,
" Passenger Station,
9,800
" Turn-table and Pit,
500
FAIRHAVEN BRANCH—FAIRHAVEN.
219.4 Rods Land,
2,190
Wharf,
5,000
Passenger Station,
3,000
Engine-house,
1,500
Carpenter Shop,
1,000
$113,100
50,950
025
900
1,325
2,700
200
3,350
10,300
7,190
5,500
11
MATTAPOISETT.
Station Land, 82,000
Passenger Station, 81,300
Freight " 300
1,600
MARION.
I Acre Land, 300
Station Building, 1,200
TREMONT.
Land at Station, lf 000
One-Half " 800
Switch and Hand-Car Houses on line below Mansfield, 1,600
REAL ESTATE NOT IN USE FOR RAILROAD PURPOSES.
NEW BEDFORD.
Commercial block and land, $10,000
Office block and land, 100 rods, 8,000
Hewin's house and land, • 2,500
Godfrey house, barn and land, 5,400
House and land on Merrimac street, 2,500
T. S. Hathaway, land, 1,000
Hazard wharf, 9,000
Hastings wharf, 5,000
Rodman, land, 1,800
Hillman ship yard, 4,000
B. Rodman, 82J rods land, 2,000
40£ rods land, Wamsutta mills, 1 500
P. Howland lot, 100 acres, 800
P. M. Lund lot, 14 acres, 200
Nye & Hammett, 37 acres, 200
— $52,900
EAST FREETOWN.
9 acres gravel pit, 180
TAUNTON.
II acres Picnic grounds and buildings, Myricks, 3,065
Gravel pit, Myricks, 20
House, barn and 106 rods land at Weirs, 2,200
-14 acres Attleboro Junction, 280
20 acres Leonard lot, 150
House and land Weir street crossing, 1,250
Office building and land, 7,500
14,465
12
NORTON.
8 acres on Attlcboro Branch,
7 u a it
Dwelling house and land,
BARRO WSVILLE.
House and land,
FAIHIIAVEN.
2 dwelling houses and land,
10 rods land,
CLINTON.
Dwelling house and land,
G2,G50 feet Iloiisc lots,
FRATTS.
Dwelling house, (on location)
LEOMINSTEIt.
Dwelling House, (on location)
FITCIIBURG. '
Building and land, Main Street,
STERLING.
Dwelling house and land,
Dwelling house and land,
MATTAPOÍSETT.
Gravel pit*
MARION;
17 acres woodland,
1 acre woodland,
RECAPITULATION.
MAIN LINE.
New Bedford,
Freetown,
Lakeville,
Taunton,
Norton,
Mansfield,
Foxboro,
South Walpole,
Walpole,.
Medfield,
Sherborn,
South Framingham,
Framingham,
Fayville,
Southboro,
South Marlboro,
Marlboro,
Northboro,
Berlin,
West Berlin,
Bolton,
Clinton,
Pratts,
Leominster,
South Fitcliburg,
Fitchburg,
STERLING BRANCH.
Sterling Junction,
Sterling,
ATTLEBORO BRANCH.
Barrowsville,
Attleboro,
FAIRHAVEN BRANCH.
Fairhaven,
Mattapoisctt,
' Marion,
Tremont,
On Whole Line,
AGGREGATES.'
Main Line,
Sterling Branch,
Attleboro Branch,
Fairhaven Branch,
Telegraph Line and Fixtures,
REAL ESTATE
In use for R.R. purposes.
LAND. BUILDINGS.
Real Estale ndt
used for R'd
Purposes.
$75,940
200
92,200
100
19,300
7,050
C00
2,100
1,000
200
45,410
8,6G0
100
1,400
12,000
1,000
200
17,770
200
24,000
300
113,100
423,430
625
1,325
1,950
3,350
3,350
7,190
2,000
300
1,000
10,490
423,430
1,950
3,350
10,490
$439,220
$35,480
2,200
150
108,300
3,400
24,425
5,700
1,100
735
2,400
1,100
8,550
2,900
975
975
3,700
6,600
1,900
600
3,850
1,200
5,325
4,400
3,500
200
50,950
280,615
900
. 2,700
3,600
200
10,300
10,500
5,500
1,600
1,200
800
1,600
10,700
280,615
3,600
10,500
10,700
5,198
$310,613
14
The Personal property of the line, has been carefully appraised arid
a valiration made, which represents its> value upon the basis of present
prices*
A list in detail is as follows í
39 Locomotives,
average $0,738
$262,800
54 Passenger Cars,
« 2208
157,050
11 Smoking, Baggage and Express Cars,
" 2.768
30,450
16 Baggage, Express and Mail
a
1,812
29,000
254 Long Box Freight
u
601
153,450
64 Short Box
*4
" 332
21,275
10 Machinery
«
" 655
6,550
16 Cattle
«
« 508
8,125
3 Milk
«
1250
3,150
274 Long Platform
(A
« 474
130,565
16 Short «
it
« 211
3,375
2 Wrecking and Derrick
U
« 525
1,050
6 Caboose
(5
GOO
3,600
446 Dump
M>
" 352
157,025
4 Snow Plows,
1,312
5,250
Stoves and Furniture^
1,200
Baggage Checks,
1,600
$975,515
MACHINERT
AND
TOOLS,.
At New Bedford,
81,603 47
Fairhaven.
1,942 50
Taunton,
10,394 84
Fitchburg, 17,393 07
Along the line, 2,295 94
033,629 82
LUMBER, IRON AND MATERIALS.
At New Bedford, $4,415 07
Fairhaven, 3,248 21
Taunton, 17,625 98
Fitchburg, 48,675 99
Along the Ene, 12,845 15
$86,810 40
Iron and steel rails, 22,303 00
Fuel, " 7,259 50
Office Furniture and fixture» 2,781 30
Horses and- harnesses, 700 00
15
255 Shares N. B & F. Street Railway Stock, $5,000 00
13 " Oak Bluffs Land and Wharf " 10,400 00
RECAPITULATION.—PERSONAL PROPERTY.
Rolling stock, §975,515 00
Machinery and tools, • 33,629 82
Lumber, iron and material, 86,810 40
Iron and steel rails, 22,303 00
Fuel, 7,259 50
Office furniture and fixtures, 2,781 30
Stocks, 15,400 00
Horses and harnesses, 700 00
$1,144,399 02
Upon the basis of the Consolidation as effected, the entire property
of the New Corporation, real and personal, will stand at a cost of
$5,568,152.27 to the stockholders, as follows :
16,785 Shares N. B. R. R. Stock,
11,156 " B.C. & F.R.R. "
570 '• A. B. R. R. "
B. C. & F. Funded debt,
New Bedford " "
B. C. & F. Floating "
New Bedford " "
Unsettled land damages estimated,
$110
$1,846,400 00
75
836,700 00
35
19,950 00
2,069,000 00
571,500 00
(net)
189,602 27
30,000 00
5,000 00
$5,568,152 27
$43,843 72
Total Cost,
Cost per earning mile of road,
The average cost of all the Massachusetts roads, according to the
annual report of the Railroad Commissioners, was $65,082.11 per
mile. This includes single and double track alike. . In order to make
the comparison with our own property more accurate, it would be
proper to reduce the double to single track,—that is, call each mile
of double track, equal to two miles of road. Computed upon this
basis, the average cost of each mile of single track of all the Massa-
chusett roads, including all their real and personal property, is
$55,630; being §11,786 per mile higher than ours. The earnings of
the roads just united, were $1,011,049.71, for the year ending Septem¬
ber 30th, 1875 ; equal to $7,961 per mile.
In conclusion, the information herein contained, may be properly
summarized, as follows :
Length of Earning Track, 127.332 miles.
Cost of property on basis of consolidation, $5,568.152 27
Cost per mile, including all property. 43,843 72
ltf
Appraised value of land used for railroad purposes,
in connection with its operation, 5110,220 00
Appraised value of station buildings and other structures
used for railroad purposes, 309,413 00
749,033 00
Appraised value of land and buildings not used at pres¬
ent for railroad purposes, 93,505 00
Total Real Estate and Buildings, 843,188 00
Personal property per appraisal. 1,144,399 02
Total Personal Property, Real Estate and Build¬
ings outside Location, per appraisal, 1,987,587 02
Cost of all Corporate Property on basis of consolida¬
tion as shown on page 15, $5,508,152 27
Balance representing the road, 3,580,505 25
This balance of $3,580,505.25, represents the property lying
within the location, viz: right of way, grading, masonry, superstruc-,
ture and fencing. There being 159 miles of track, including the
sidings, the cost per mile is thus shown to be $22,519 per mile of track.
To any one familiar with railroad construction, this cost will seem
sulticiently low, even in these days of "low prices."
The question of probable dividends, is one of interest. Upon the
basis of the net earnings of last year, as reported by the Directors of
the Boston, Clinton & Fitchburg Railroad Company, to the Railroad
Commissioners, the result is as follows :
Net Earnings, as reported, $401,202 74
F. & L. Rent deducted, $32,540 01
Interest on present Debt of United Roads, 190,000 00
222,540 01
Available for Dividends, $178,002 13
There being 20,830 shares of Stock, this would be equal to $G.G5
per share.
The.above statement, estimate and appraisal was prepared by the
following committee so far as it relates to the several departments,
and the appraisal of real estate and personal property was made by
the whole committee.
WM. F. ELLIS, Engineer.
S. AV. HUNTLEY, Treas. B.C.&F.R.R.
L. GRINNELL, " N. B. R. R.
S. A. 4VEBBER, Sup't B. C. & F. R. R.
AA'ARREN LADD, " N. B. R. R.
CHARLES BRIGHAM, Gex'i. Agent.
Respectfully submitted to the Directors and Stockholders,
H. A. BLOOD, Manager.