The important movements and changes that 

 have taken place in the railroad interests of 

 New Jersey during the past year have at- 

 tracted earnest attention throughout the 

 country, and have become of almost national 

 importance. The leasing of the united New 

 Jersey railroad and canal companies to the 

 Pennsylvania was noted in the ANNUAL CYCLO- 

 PAEDIA for 1871. The lessees took possession 

 December 1, 1871. The united companies, in- 

 cluding the Philadelphia & Trenton, owned 

 65 miles of canal, connecting the Delaware 

 with the harbor of New York, and navigable 

 for vessels of 250 tons ; two main lines of rail- 

 road, forming two routes between New York 

 and Philadelphia, consisting of 165 miles of 

 railroad, of which 104 are double track, and 

 with which, are connected 60 miles of sidings 

 and terminal tracks ; rolling and floating stock, 

 including more than 30 steamboats; and a 

 controlling interest in 260 miles of auxiliary 

 railroads, of which 35 miles are also leased, 

 and in bridges, ferries, horse-railroads, etc., 

 used in connection with the main lines. They 

 also lease and operate 81 miles of other rail- 

 road, including the "Connecting Railroad" to 

 "West Philadelphia, and the line from Camden 

 via Pemberton to Hightstown, New Jersey. 

 The railroads owned, operated, or controlled, 

 by the. united companies, are exhibited in the 

 folio vving statement: 



1. Owned directly ~by the Companies. 



Miles. Miles. 

 Philadelphia (Kensington), Pa., to Trenton, 



IN T . ,T., all double track 26.6 



Trenton, N. J., to Jersey City, N. J., all 



double track 57.1 



Camden, N. J., to South Amboy, N. J., 20 



miles double track 61.2 



Bordentown, N. J., to Trenton, N. J. 6.1 



Jamesburg, N. J., to Monmouth Junction, N. J. 5.5 



Monmouth Junction, N. J., to Kingston, N. J. 4.0 



Princeton Branch, 3 miles ; other branches, 1.5. 4.5 



Total owned directly 165.0 



2. Railroads in which the 'Companies have a 



Controlling Interest. Miles. 



Rocky Hill to Kingston 2.5 



Burlington to Mount Holly 7.1 



Mount Holly to near Camden 16.5 



Pemberton to Mount Holly 5.9 



Vincenttown Branch 3.0 



Glassboro'to Bridgeton 37.0 



Millville to Glassbbro' 32.0 



CapeMayto Millville 41.0 



Salem Branch 17.0 



Freehold to Jamesburg. 11.5 



Millstone to New Brunswick 6.6 



Perth Amboy to Woodbridge 6.4 



Belvide re-Delaware Railroad 68.7 



Flemington Branch Eailroad 11.4 



Total in which the companies have a controlling 



interest 259.6 



3. Other Leased Railroads. 



Connecting Railroad, 6.8 miles ; Pemberton & 

 Hightstown Eailroad, 24.5 31.3 



Total railroad line owned, leased, and controlled.. 455.9 

 The Delaware & Raritan Canal, forming 

 an important part of the united companies : 



Bordentown (Delaware "River), N. J., to New Bruns- 

 wick (Raritan River), N. J 43.0 



Bull's I8land (Delaware River), N. J., to Trenton, 

 N. J 22.5 



Total . 65.0 



NEW JERSEY. 



579 



Thus the united companies own, operate, or 

 control, 65 miles of canal and 456 miles of 

 railroad, and, including double track, 131 miles, 

 and sidings, etc., 97 miles, in all, 684 miles 

 of track. 



An action was brought contesting the legal- 

 ity of this lease, on the ground, among other 

 things, that it had not been filed with the 

 Secretary of State for record within thirty 

 days, as required by statute. Its validity hav- 

 ing been affirmed by the Chancellor, an appeal 

 was taken to the Court of Error and Appeals, 

 where the matter was pending early in 1873. 



The proposed union of the Central Railroad 

 of New Jersey and the Delaware, Lackawanna 

 & Western Railroad, which was negotiated 

 early in 1872, was an event of unusual impor- 

 tance in railroad and financial circles. The 

 magnitude of the interests involved in this 

 great bargain was threefold larger than that 

 in the transfer of the united railroads, which 

 excited attention in all parts of the country, 

 and was regarded as one of the most important 

 consolidations that had been effected. The 

 property placed by this consolidation under 

 one management amounts to nearly $120,- 

 000,000 the Delaware, Lackawanna & West- 

 ern representing $72,000,000 of property, and 

 the Central Railroad Company nearly $50,000,- 

 000. 



The Delaware, Lackawanna & Western Rail- 

 road consists of a double-tracked road, running 

 from u The Junction," near Washington, N. J., 

 through Scranton, Pa., to Binghamton, and 

 includes the roads formerly known as the War- 

 ren Railroad and the Valley road. Its length 

 is 145 miles; capital, $20,000,000; outstanding 

 bonds, $11,000,000. It owns the newly-built 

 Boonton branch, 32 miles in length ; the Syra- 

 cuse & Binghamton Railroad, 80 miles long; 

 and the Lackawanna & Bloomsburg, also 80 

 miles in length. It controls by lease the Mor- 

 ris & Essex Railroad, from Hoboken to Easton, 

 71 miles of which is double-tracked, with the 

 Newark & Bloomfield and Chester Railroads. 

 The Utica Division, leased and purchased lines, 

 extends from Binghamton to Utica, 98 miles; 

 the Oswego & Syracuse Railroad, 35 miles; 

 and the Cayuga & Susquehanna road from 

 Oswego to Ithaca, 33 miles. The cost of each 

 road is represented in the following table : 



The New Jersey Central Railroad is a double- 

 tracked road extending from Communipaw to 

 Phillipsburg, N. J., branching out to Fleming- 

 ton on the south, through Newark on the 

 north, and connected at its western terminus 



