MASSACHUSETTS. 



481 



SCRIP ISSUED DURING THE YEAR. 



Troy & Greenfield Railroad loan (sterling) $1,497,980 00 



Troy & Greenfield Railroad loan (dollars) 1,800,000 00 



Worcester Hospital loan 750,000 00 



Danvers Hospital loan 250,000 00 



State-prison and Women's Prison 1,292,280 00 



$5,090,260 00 



Payments were made amounting to $669,000, 

 leaving the debt at the end of the year $33,886,- 

 464, classified as follows : 



Railroad loans $17,768,996 00 



War loans 12,724,188 00 



Ordinary loans 8,893,280 00 



$38,886,464 00 

 Net Increase of funded debt in 1875 $4,421,260 00 



The sinking-funds amount to $11,725,309.12. 

 There was a balance in the Treasury at the be- 

 ginning of the year of $866,043.75 ; the receipts 

 on account of revenue for the year were $7,322,- 

 695.37; balance at the beginning of the year 

 belonging to funds and loans, $1,607,812.25; 

 receipts from funds and loans, $8,658,408.76 ; 

 total receipts from all sources, $18,454,960.13. 

 The payments on account of revenue amounted 

 to $7,227,914.24 ; payments on account of funds 

 and loans, $5,920,099.18; total payments, $13,- 

 148,013.42, leaving a balance at the end of the 

 year of $5,306,946.71, of which $960,824.88 

 belonged to the revenue, and $4,346,121.83 to 

 funds and loans. The estimated expenditures 

 for 1876, to be met from the ordinary revenues, 

 are $4,990,700; estimated receipts, $3,593,- 

 398.68, leaving a deficit of $1,397,301.32. The 

 total valuation of real estate for the year was 

 $1,311,031,526; personal estate, $568,815,163. 

 The total of county indebtedness is $1,520,- 

 645.40; municipal indebtedness, $80,427,245. 

 The number of corporations in the State is 

 1,389 ; the aggregate valuation of their stock 

 and real estate is $239,848,414. 



There are 54 mutual fire-insurance companies 

 in the State, with a capital of $5,627,299; 9 

 mutual marine and fire, and marine insurance 

 companies, with $2,035,900 of capital; and 26 

 joint-stock companies, with $6,567,000 capital: 

 total capital of insurance companies, $14,230,- 

 199. There are 129 insurance companies doing 

 business in the State, whose aggregate capital 

 is $69,226,546. 



The number of savings-banks in the State is 

 180; amount of deposits, $238,396,584; de- 

 posits made during the year,. $59,930,144; with- 

 drawals, $46,996,036. The total number of 

 accounts was 720,639, an increase of 18,540; 

 the average account for each depositor was 

 $144. Dividends were paid by 177 banks, 

 varying from 5 to 8 per cent. The only new 

 bank beginning business during the year was 

 at Chicopee Falls. 



There are now 65 railroad corporations in 

 the State, with an aggregate stock of $118,- 

 261,285.90, and indebtedness amounting to 

 $53,355,052.92. The increase of stock for the 

 year was $1,194,487.83, increase of debt $4,797,- 

 714.27. The number of miles of track in use 

 is 2,761, an increase of 47 for the year. The 

 average cost of all the railroads in the State 

 YOL. xv. 31 A 



for construction and equipment is $64,657.06 

 per mile. The total earnings of all the roads 

 for the year. were $32,589,485.68, a falling off 

 of 5.9 per cent. The total net income reported 

 is $9,640,657.16, or 5.7 per cent, on the per- 

 manent investment. The number of passen- 

 gers carried was 42,035,846 ; tons of freight 

 moved, 10,927,812. There was a general de- 

 crease in business and receipts, and an increase 

 in running expenses. There were very few 

 casualties, and no person was killed, and only 

 six injured from causes over which they had 

 no control, or to which they did not contribute 

 by their own Carelessness. The whole number 

 of casualties from any cause was 242, of which 

 119 resulted in death. The Hoosac Tunnel and 

 its connections are not yet completed. It has 

 been necessary to arch a large portion of the 

 tunnel, and to change the grades and location 

 of some of the connecting roads, besides laying 

 additional track. The charter of the Boston, 

 Hoosac Tunnel & Western Railroad Company, 

 which was placed in charge of the work in 

 1874, expired on the 1st of July, and it passed 

 into the hands of the manager, Jeremiah Pres- 

 cott, appointed by the Governor and Council. 

 The contracts for the completion of the line 

 required the work to be finished by December 

 1st, but it has been necessary to extend the 

 time. The appropriations made for it in 1874 

 and 1875 amount to $2,200,000, of which all 

 but $758,552 had been expended before the 1st 

 of January, 1876. The total cost of the tunnel 

 and connecting railroads, from first to last, 

 when the present appropriations are exhausted, 

 will have been $16,538,126.48. The line has 

 been put in connection with through -routes for 

 the West, and both passenger and freight traffic 

 have begun through the tunnel. The receipts 

 from tolls, from July 15th, when the "toll-gate" 

 plan of management went into, effect, to the 

 end of the year, amounted to $36,592.98; the 

 expenses of operation, for the same period, 

 were $23,399.32, leaving $13,193.66 for the net 

 receipts. 



The State militia now consists of 424 com- 

 missioned officers and 6,123 enlisted men. The 

 cost of its support for the year was $316,148.19, 

 of which $85,000 was for new uniforms. 



The school-fund of Massachusetts amounts to 

 $2,117,732.82. There are five normal schools 

 and one normal 1 art-school in the State. The 

 Normal School at Framingham had 127 pupils 

 during the year, that at Bridgewater 210, that 

 at Westfield 176, that at Salem 274, that at 

 Worcester 99, and the Normal Art-School in 

 Boston 330. 



The institutions under the charge of the 

 State Board of Charities are the State-prison 

 at Charlestown ; the State Workhouse at 

 Bridgewater; Lunatic Hospitals at Worces- 

 ter, Taunton, and Northampton; the State 

 Almshouse at Tewksbury, with branches at 

 the Bridgewater Workhouse, and the Primary 

 School at Monson ; the State Primary School 

 at Monson ; Reform School at Westborough ; 



