Condensed General Balance Sheet, June 30, 1890.
 

ASSETS.

Cost of Road and Equipment , $150,278,885.21

Special Equipment.....       1,451,776.03

Stock   and   Bonds   of   other

Companies........       6,550,263.66

Advances for Construction of

other Lines, Real Estate, etc.      3,442,253.38
New York and  Harlem Rail¬
road, Construction Account.        468,992.93
West   Shore   Railroad,   Con¬
struction Account   ,   ,   .   ,         198,900.38
Due by Agents and others .   .       3,371,865.00

Supplies on hand......       3,215,289.18

Cash on hand.......       1,935,321.79

Cash in transit.......         242,764.64

Taxes   paid   over   proportion

chargeable   to nine months,        242,067.11
 

Total.....$171,398,379.31
 

liabilities.

Capital Stock........   $89,428,300.00

Funded Debt........     59,183,333.33

Bonds and Mortgages on Real

Estate..........         457,000.00

Past Due Bonds......             5,255.00

Interest and Rentals Accrued,      3,234,455.83

Unclaimed Interest.....             8,131.94

Dividend Payable July 15, '90,        894,283.00
Unclaimed Dividends , , . ,           27,943.07
Due for Wages, Supplies, etc .       3,643,420.79
Due other Roads, etc ... .         931,774.05
Profit and Loss (Excess of As¬
sets over Liabilities)   .   .   .     13,584,482.30
 

Total......$171,398,379.31
 

The policy ot improving the general condition of the property by additions to rolling
stock, enlargements and betterments of stations and terminals, etc., has been continued during
the period covered by this report, and a portion of the cost of such work is included in Oper¬
ating Expenses. The balance of the expenditures to date, on account of these additions and
improvements, has been charged, to a Special Equipment account, shown in the Balance Sheet.

This account is to be diminished yearly by a deduction from income of the sum of
$300,000.00.

The following pages contain an analysis of the Gross Earnings, Operating Expenses,
and General Balance Sheet, details ot Interest, Rentals, and Dividends, Freight and
Passenger Statistics, Equipment, Chief Engineer's report of physical condition of road
operated, the quarterly statements required by the Board of Railroad Commissioners of the
State of New York, etc.

For purposes of comparison with subsequent years, the operations for the last three months
included in the report for the fiscal year ending September 30,1889, have been added to the
nine months herein reported, and detailed statements of the operations and statistics for the
twelve months ending June 30,1890, are given on pages 31 to 40.

Respectfully submitted,

C. Vanderbilt,

Cliairman of the Board.
Chauncey M. Depew,

President.