Note 158 — Chapter III · PHILADELPHIA & READING

An analysis of the Coal & Iron Company’s operations in 1881 (Annual Report, 1881) showed that there had been expended:

For coal and timber lands and leasehold collieries, and for dead work, colliery equipments and improvements, real estate and miners’ houses, etc., $39,385,080

For stocks and bonds and loans to secure the control of tributary properties, 5,672,394

For iron ore lands, iron furnaces, mills, and other properties, 1,720,566

For profit and loss account in working properties, including interest payments, etc., 22,454,500

For supplies and miscellaneous accounts, 1,485,426

For bills and accounts receivable, cash, etc., 2,608,702

$73,326,668

Of which amount there was furnished by the Railroad Company, 54,886,647

And the Coal & Iron Company’s obligations held by the public, for which the Railroad Company became responsible as guarantor, amounted to 14,929,557

Other direct liabilities of the Coal & Iron Company amounted to 3,510,464

$73,326,668