578 



NEW YORK. 



railways. This includes the elevated railroads 

 in the city of New York. The steam surface- 

 roads have cost $695,525,828.48, the horse-rail- 

 ways $40,686,946.64, and the elevated roads 

 $33,038,332.12, a total of $770,251,107.24. The 

 steam surface-roads carried 47,197,385 passen- 

 gers during the year, the horse-roads 244,900,- 

 717, and the elevated roads 60,831,757. The 

 steam surface-roads also carried 57,356,128 tons 

 of freight. Their aggregate earnings were 

 $108,965,556.04, operating expenses $64,996,- 

 989.54, leaving as net earnings $43,968,566.50, 

 or 6 per cent, on the cost. The earnings of 

 horse-railroads amounted to $13,449,121.87; 

 cost of operating, $9,157,457.28 ; net earnings, 

 $4,291,664.59, or 10| per cent, of cost. Earn- 

 ings of elevated roads, $4,612,975.56; ex- 

 pense of operating, $2,644,525.24; surplus f $1,- 

 968,650.32, or about six per cent, on the cost. 

 It is a noteworthy fact that, notwithstanding 

 the large number of passengers carried by the 

 elevated railways in New York City, the horse- 

 railways carried a larger number, and showed 

 a larger aggregate of receipts, than in 1877, 

 when these structures were not yet in opera- 

 tion, with the exception of the unimportant 

 line on the extreme west side of the city. The 

 total paid-up capital of all the steam-railroad 

 companies of the State is $516,934,587.91; of 

 the horse-railroad companies, $211,702,857.94; 

 total funded debt of steam-roads, $361,270,- 

 474.59; of horse-roads, $16,706,708.08; float- 

 ing debt of steam-roads, $27,302,156.22 ; of 

 horse-roads, $1,584,638.19. The aggregate of 

 stock and debts is $905,507,218.72 for steam 

 and $42,990,204.21 for horse-roads, but of the 

 former only $662,871,488.93 represents roads 

 within the limits of the State. 



There were 68 banks of discount and deposit 

 doing business under the laws of the State on 

 the 1st of October, at which date their condi- 

 tion was as follows : 



Resources $99,850,755 



Capital 18,738,200 



Surplus profits 8,058,280 



Due depositors 61,795,773 



Other liabilities 1 1,258,502 



During the year deposits increased $9,536,- 

 184; profits, $821,715; loans and discounts, 

 $12,328,180. The net aggregate increase in 

 assets was $13,157,573. Six banks closed dur- 

 ing the year, four of which went into volun- 

 tary liquidation, one was converted into a na- 

 tional bank, and one failed. One new banking 

 association was formed during the year. 



One hundred and twenty-eight savings-banks 

 reported July 1, 1880, eleven of which do not 

 receive deposits and have only a nominal ex- 

 istence. Three went into voluntary liquida- 

 tion, paying depositors in full. 



The aggregate resources of these institutions 

 amounted, on the 1st of January, 1881, to 

 $400,944,380. This includes a surplus of $47,- 

 099,094, the deposits amounting to $353,625,- 

 657. This is an increase for the year of $34,- 

 371,156, and is larger by many millions than 

 ever before known in the history of these in- 



stitutions. The increase of surplus for the 

 year is $12,317,142, and of number of deposi- 

 tors, 89,237. The whole number of deposi- 

 tors was 953,707, which is greater by more 

 than seventy thousand than in any previous 

 year. 



Of trust, loan, and mortgage companies, 

 twelve institutions are in operation, having 

 $11,377,375 capital and $96,713,717 of re- 

 sources. Also eight corporations for the safe 

 keeping and guarantee of personal property, 

 with aggregate capital of $1,376,900. 



There are 167 fire-insurance companies do- 

 ing business in the State, of which 87 are or- 

 ganized under its laws, 58 belong to other 

 States, and 22 are foreign. Their total assets 

 are $143,248,869 ; liabilities, including capital 

 stock, $94,107,073 ; surplus, $49,146,966; gross 

 income for the year, $60,548,160 ; gross ex- 

 penses, $58,822,513. Of life-insurance compa- 

 nies, there are twelve organized under the laws 

 of the State, with $202,562,831 of assets and 

 $169,675,366 of liabilities, and nineteen belong- 

 ing to other States, whose assets are $198,- 

 952,961, and liabilities, $166,562,705. There 

 are eighteen marine insurance companies, seven 

 of which are organized under the laws of the 

 State, and their assets are $20,147,902, the sur- 

 plus over liabilities amounting to $3,565,707; 

 and four casualty insurance companies, with 

 $1,800,000 of assets and a net surplus of $271,- 

 000. 



The amount expended on the new Capitol at 

 Albany during the year was $1,251,989.02, and 

 $421,180.60 of funds remained in the hands of 

 the commissioners. 



The public-school statistics for the year end- 

 ing with September 30th are as follows : 



Total receipts, including balance on hand Sep- 

 tember 30. 1879 



Total expenditures 



Amount paid for teachers' wages 



Amount paid for schoolhouses, repairs, furni- 

 ture, etc 



Estimated value of schoolhouses and sites... 



Number of schoolhouses 



Number of school districts, exclusive of cities. 



Number of teachers employed for the legal 

 term of school 



Number of teachers employed during any por- 

 tion of the year 



Number of children attending public schools. . 



Number of persons attending normal schools. 



Number of children of school age in private 

 schools 



Number of volumes in school-district libraries 



Number of persons in the State between the 

 ages of five and twenty-one years 



$11,390,888 16 

 10,296,977 26 



7,638,921 88 



1,145,831 15 



80,747,509 00 



11,899 



11,263 



20,596 



5,753 



108,567 

 735,653 



1,641,173 



The property, real and personal, held for 

 charitable purposes in the State, may be set 

 down in round numbers as follows : 



By State institutions $6,900,000 00 



By cities and counties 6,200,000 00 



By incorporated associations 21,900,000 00 



Total $35,000,000 00 



The total expenditure during the year for 

 the support of the several charitable institu- 

 tions, public and private, reached 'about eight 

 million dollars. The average number of bene- 

 ficiaries was approximately as follows : 



