Dunkirk, Allegany Valley and Pittsburgh Railroad
1913 Annual Report

 

This is a facsimile of the 1913 Dunkirk, Allegany Valley and Pittsburg Railroad Annual Report. It provides an interesting 20th Century viewpoint when the railroad was active in passenger and freight operations. The format closely resembles the original document. Hopefully, the data content is exact but there is no guarantee of absolute accuracy. This annual report is provided for information purposes only.

 

ORGANIZATION OF

THE DUNKIRK ALLEGHENY VALLEY AND PITTSBURG RAILROAD
COMPANY

NOTE. -- This road is leased to The New York Central and Hudson River Railroad Company, but is operated as an independent organization.

DIRECTORS
 
Elected December 2, 1913; term expires December 1, 1914
WILLIAM K. VANDERBILT NEW YORK
FREDERICK W. VANDERBILT NEW YORK
CHAUNCEY M. DEPEW NEW YORK
WILLIAM H. NEWMAN NEW YORK
J. PIERPONT MORGAN NEW YORK
WILLIAM C. BROWN NEW YORK
GEORGE F. BAKER NEW YORK
WILLIAM ROCKEFELLER NEW YORK
JAMES STILLMAN NEW YORK
WILLIAM K. VANDERBILT, JR NEW YORK
JOHN S. FISHER INDIANA, PA.
ALBERT H. HARRIS NEW YORK
MARVIN HUGHITT CHICAGO

EXECUTIVE COMMITTEE
 
WILLIAM K. VANDERBILT CHAUNCY M. DEPEW
FREDERICK W. VANDERBILT WILLIAM C. BROWN*
(One vacancy)
*Member ex-officio

OFFICERS
 
President                       WILLIAMC. BROWN New York
Secretary                       DWIGHTW. PARDEE New York
Treasurer                       EDWARDL. ROSSITER New York

The annual meeting of stockholders for the election of directors is held in the city of Albany,
New York, on the first Tuesday in December
 

SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME

          OPERATING INCOME
RAIL OPERATIONS
1913        
90.51 miles operated
1912           
90.51 miles operated
Increase  
Decrease  
      Revenues $380,369.41 $355,632.86 $24,736.55
      Expenses   287,248.15   286,587.05        661.10
_______________
_______________
_______________
_______________
NET REVENUE FROM RAIL OPERATIONS $93,121.26 $69,045.81
$24,075.45
Percentage of expenses to revenue
(75.52% )
(80.59%)
(5.07%)
TAXES ACCRUED
  15,801.86
  12, 894.77
  2,907.09
_______________
_______________
_______________
_______________
OPERATINGINCOME
$77,319.40
$56,152.04
$21,168.36
_______________
_______________
_______________
_______________
          OTHER INCOME
Miscellaneous rents
$279.00
$224.05
$54.95
Income from unfunded securities and accounts
1,123.56
1,088.64
34.92
Miscellaneous income
1,731.83
69.30
1,662.53
Contributions from other companies
8,076.92
18,727.85
$10,650.93
_______________
_______________
_______________
_______________
TOTAL OTHER INCOME
$11,211.31
$20,109.84
$8,898.53
_______________
_______________
_______________
_______________
GROSS CORPORATE INCOME
$88,530.71
$76,260.88
$12,269.83
_______________
_______________
_______________
_______________
          DEDUCTIONS FROM GROSS CORPORATE INCOME
Hire of equipment
      Car mileage and per diem balances $43,218.05 $32,702.67 $10,515.38
Joint facilities rents
1,098.96
1,079.50
19.46
Miscellaneous rents
366.24
221.00
145.24
Transfer of income to other companies
33,499.30
40,100.38
$6,601.08
_______________
_______________
_______________
_______________
          TOTAL DEDUCTIONS FROM GROSS CORPORATE INCOME
$78,182.55
$74,103.55
$4,079.00
_______________
_______________
_______________
_______________
          NET INCOME
$10,348.16
$2,157.33
$8,190.83
Additions and betterments
10,348.16
2,157.33
8,190.83
_______________
_______________
_______________
_______________
====================================================================================
DETAIL OF OPERATING REVENUES
          REVENUES FROM TRANSPORTATION
Freight
$250,937.26
$231,268.32
$19,668.94
Passenger
85,401.21
78,847.52
6,553.69
Excess Baggage
717.74
803.11
  
$85.37
Mail
10,985.83
15,047.26
  
4,061.43
Express
10,161.77
9,380.16
781.16
Milk (on passenger trains)
982,11
764.14
217.97
Other passenger trains
123.56
202.09
  
78.53
Switching
15,644.09
13,269.51
2,374.58
Special service train
974.11
992,46
  
18.35
Miscellaneous transportation
170.07
382.00
  
211.93
_______________
_______________
_______________
_______________
          Total transportation revenues
$376,097.75
$350,956.57
$25,141.18
_______________
_______________
_______________
_______________
          
          REVENUES FROM OPERATIONS OTHER THAN TRANSPORTATION
Station and train privileges
$131.99
$130.79
$1.20
Parcel room receipts
6.80
3.90
2.90
Storage--freight
145.02
116.27
28.75
Storage--baggage
19.25
11.15
8.10
Car service
3,042.50
3,313.00
$270.50
Telegraph and telephone services
27.27
26.29
.98
Rents of buildings and other properties
898.44
1,074.89
176.45
Miscellaneous
.39
  
.39
_______________
_______________
_______________
_______________
          Total non-transportation revenue
$4271.66
$4,676.29
$404.63
_______________
_______________
_______________
 _______________
          Total operating revenues
$380,369.41
$355,632.86
$24,736.55
_______________ _______________ _______________
_______________

 
EXPENSES IN DETAIL (RAIL OPERATIONS)

MAINTENANCE OF WAY AND STRUCTURES
 
1913   
1912   
Increase 
Decrease 
Superintendence
$3,474.68
$3,765.32
$200.64
Ballast
2,713.38
1,479.48
1,233.90
Ties
18,234.44
20,693.19
2,458.75
Rails
836.49
*193.50
1,029.99
Other track material
2,719.76
2,744.91
25.15
Roadway and track
38,385.71
30,737.14
7,648.57
Removal of snow, sand and ice
1,561.17
4,102.87
2,541.70
Bridges, trestles and culverts
4,508.74
4,280.96
227.78
Over and under grade crossings
16.77
34.84
18.07
Grade crossings, fences, cattle guards and signs
4,851.95
3,123.20
1,728.75
Snow and sand fences and snowsheds
46.23
10.72
35.51
Signals and interlocking plants
227.15
75.47
151,68
Telegraph and telephone lines
314.71
1,097.51
782.80
Buildings, fixtures and grounds
4,765.30
5,480.10
714.80
Roadway tools and supplies
826.33
8545.43
28.10
Injuries to persons
224.17
226.74
2.57
Stationery and printing
88.28
102.23
13.95
Other expenses
3.08
3.08
Maintaining joint tracks, yards and other facilities--Dr.
1,042.49
1,158.41
115.92
Maintaining joint tracks, yards and other facilities--Cr.
6.02
?3.41
9.43
__________
__________
__________
__________
          Total
$84,843.81
$79,687.43
$5,147.38
__________
__________
__________
__________
 
MAINTENANCE OF EQUIPMENT
 
Superintendence
$263.18
$756.30
$493.12
Steam locomotive--repairs
15,092.86
18,238.94
3,146.08
Passenger train cars--repairs
2,094.59
16,266.65
14,172.06
Passenger train cars--depreciation
380.00
$380.00
Freight train cars--repairs
5,384.61
3,910.91
1,473.70
Freight train cars--depreciation
66.01
66.01
Work equipment--repairs
412.54
135.25
277.29
Work equipment--depreciation
27.00
27.00
Shop machinery and tools
867.57
201.32
666.25
Injuries to persons
.59
49.48
48.89
Stationery and printing
120.76
122.63
1.87
Other expenses
9.59
9.59
Maintaining joint equipment at terminals--Cr.
250.69
58.41
192.28
__________
__________
__________
__________
          Total
$24,459.02
$39,632.66
$15,173.64
__________
__________
__________
__________

TRAFFIC EXPENSES
 
Superintendence
$377.33
$1,086.98
$709.55
Outside agencies
205.63
$205.63
Advertising
250.13
305.33
55.20
Traffic associations
67.44
73.06
5.62
Fast freight lines
714.56
710.37
4.19
Industrial and immigration bureaus
3.40
44.38
40.98
Stationery and printing
5,299.42
5,934.56
635.14
__________
__________
__________
__________
          Total
$6,917.91
$8,154.68
$1,236.77
__________
__________
__________
__________

TRANSPORTATION EXPENSES
 
Superintendence
$3,342.35
$3,626.14
$283.79
Dispatching trains
1,275.15
1,182.60
$92.55
Station employees
25,792.30
25,627.82
164.48
Weighing and car service associations
107.85
79.62
28.23
Station supplies and expenses
2,310.40
2,013.41
296.99
Yard conductors and brakemen
590.11
655.19
65.08
Yard switch and signal tenders
72.72
92.31
19.59
Yard supplies and expenses
2.56
6.88
4.32
Yard enginemen
541.23
495.39
45.84
Enginehouse expenses--yard
1,680.87
641.51
1,039.36
Fuel for yard locomotives
1,023.46
1,173.26
149.80
Water for yard locomotives
51.44
*95.26
146.70
Lubricants for yard locomotives
8.22
10.09
1.87
Other supplies for yard locomotives
2.53
9.78
7.25
Operating joint yards and terminals--Dr.
12,615.53
8,594.50
4,021.03
Operating joint yards and terminals--Cr.
1,967.09
1,427.92
539.17
Road enginemen
25,584.57
21,213.80
4,370.77
Enginehouse expenses--road
6,244.11
6,053.43
190.68
Fuel for road locomotives
43,935.48
44,738.14
802.66
Water for road locomotives
1,963.01
1,905.86
57.15
Lubricants for road locomotives
424.44
443.85
19.41
Other supplies for road locomotives
419.00
282.62
136.38
Road trainmen
24,263.12
24,130.98
132.14
Train supplies and expenses
2,427.71
2,722.24
705.47
Interlocker, block and other signal--operation
686.86
674.72
12.14
Crossing flagmen and gatemen
871.07
865.95
5.12
Clearing wrecks
454.71
381.26
73.45
Telegraph and telephone--operation
62.85
145.85
83.00
Stationery and printing
2,340.75
2,255.49
85.26
Other expenses
169.96
186.78
16.82
Loss and damage--freight
3,008.47
1,988.22
1,020.25
Loss and damage--baggage
1.66
25.68
24.02
Damage to property
1,489.64
309.54
1,180.10
Damage to stock on right of way
179.58
61.14
118.44
Injuries to persons
2,420.79
1,267.47
1.144.32
Operating joint tracks and facilities--Dr.
19.13
103.48
84.35
__________
__________
__________
__________
          Total
 
$165,416.54
__________
$152,450.82
__________
$12,965.72
__________
__________

GENERAL EXPENSES
 
Salaries and expenses of general officers
$556.05
$619.39
$63.34
Salaries and expenses of clerks and attendants        
1,513.12
2,636.93
1,123.81
General office supplies and expenses
52.19
335.79
283.60
Law expenses
1,558.20
1,912.03
253.83
Pensions
1,060.20
512.38
$547.82
Stationery and printing
407.49
610.50
203.01
Other expenses
472.62
134.44
338.18
__________
__________
__________
__________
          Total
$5,619.87
$6,661.46
$1,041.59
__________
__________
__________
__________
          Total expenses
$287,248
$286,587
$661.10
__________
__________
__________
__________
     * Credit
     ? Debit

PERCENTAGE OF OPERATING EXPENSES TO OPERATING REVENUES BY GROUPS

 
1913 
1912 
Maintenance of way and structures
          22.30
          22.41
Maintenance of equipment
6.43
11.14
Traffic expenses
1.82
2.39
Transportation expenses
42.49
42.87
General expenses
1.48
1.87
________
 ________
          Totals
72.52
80.59
________
________

 

CONDENSED GENERAL BALANCE SHEET, DECEMBER 31, 1913


Assets
Property Investment
     Road and Equipment
          Investment to June 30, 1907
               Road
$3,937,275.00
               Equipment
262,725.00
$4,200,000.00
 __________
          Investment since June 30, 1907
               Road
$33,524.53
               Equipment
*$18,936.64
               Reserve for accrued depreciation--Cr.
473.01
19,409.65
14,114.88
__________
 __________
Working Assets
     Cash
$30,029.05
     Marketable securities
1.12
     Net balances due from agents and conductors
6,101.84
     Miscellaneous accounts receivable
15,194.66
     Material and supplies
23,471.73
     Other working assets
1,064.47
75,862.87
 __________
Accrued Income not due
     Unmatured interest, dividends and rents receivable
54,375.00
 
Deferred debit items
     Advances
          Working funds
$92.92
          Other deferred debit items
2,075.99
2,168.91
 __________
__________
$4,346,521.66
 __________

Liabilities
Stock
     Capital stock
$1,300,000.00
 

Funded Debt
     First mortgage bonds 4 1/2%
2,900,000.00
 
Working liabilities
     Traffic and car-service balances due to other companies
$15,744.42
     Audited vouchers and wages unpaid
32,727.15
     Miscellaneous accounts payable
1,543.90
     Matured interest, dividends and rents unpaid
163.50
     Working advances due to other companies
25,000.00
     Other working liabilities
470.00
75,648.97
 __________
Accrued liabilities not due
     Unmatured interest, dividends and rents unpaid
54,375.00
 
Deferred credit items
     Other deferred credit items
279.18
 
Appropriated surplus
     Additional property since June 30, 1907, through income
14,587.89
 
Free surplus
     Profit and loss--balance
1,630.62
 __________
$4,346,521.66
 __________
     *Credit

 
MILEAGE STATISTICS

  
LOCOMOTIVE MILEAGE
                    REVENUE SERVICE
1913    
1912    
Increase   
Decrease   
Freight locomotive--miles
155,711
159,613
3,902
Passenger locomotive--miles
131,484
132,584
1,100
Special locomotive--miles
564
805
241
Switching locomotive--miles
5,730
5,978
248
 __________
__________
__________
__________
          Total revenue locomotive mileage
393,489
298,980
5,491
Non-revenue locomotive mileage
9,834
5,041
4,793
  
 __________
__________
__________
__________
          Total locomotive mileage
303,323
304,021
  
698
 __________
__________
__________
__________
  
TRAIN MILEAGE
                    REVENUE SERVICE
Freight train--miles
144,731
145,528
797
Passenger train--miles
126,826
127,191
365
Special train--miles
400
270
130
 __________
__________
__________
__________
          Total revenue train mileage
271,957
272,989
1,032
Non-revenue train mileage
7,500
5,301
2,199
 __________
__________
__________
__________
          Total train mileage
279,457
278,290
1,167
 __________
__________
__________
__________
 
CAR MILEAGE
                    REVENUE SERVICE
Freight car--miles
     Loaded
1,192,990
1,133,898
59,092
     Empty
526,450
476,600
48,850
     Caboose
145,409
144,907
502
 __________
__________
__________
__________
          Total freight car miles
1,864,849
1,755,405
109,444
 __________
__________
__________
__________
Passenger car--miles  
     Passenger
264,955
267,870
2,915
     Sleeping, parlor and observation
390
451
61
     Other passenger--train cars
127,926
127,429
497
 __________
__________
__________
__________
          Total passenger--car miles
393,271
395,750
2,479
 __________
__________
__________
__________
Special car--miles  
     Freight--loaded
6,197
5,023
1,165
     Caboose
401
324
77
 __________
__________
__________
__________
          Total special car--miles
6,598
5,356
1,242
 __________
__________
__________
__________
          Total revenue car mileage
2,264,718
2,156,511
108,207
Non-revenue car mileage
30,369
14,066
16,303
 __________
__________
__________
__________
          Total car mileage
2,295,087
2,170,577
124,510
 __________
__________
__________
__________

 
CLASSIFICATION OF TONNAGE
 

               PRODUCTS OF AGRICULTURE          1913  
Tons  		         1912  
Tons  		   Increase
Tons		    Decrease
Tons
Grain
10,019
11,001
982
Flour
4,152
4,326
174
Other mill products
7,217
6,361
856
Hay
1,562
988
574
Tobacco
78
5
25
Fruit and vegetables
8,501
13,266
4,765
Other products of agriculture
1,332
386
946

               PRODUCTS OF ANIMALS
Live stock
1,747
2,542
795
Dressed meats
837
817
20
Other packing house products
889
1,114
225
Poultry game and fish
142
52
90
Wool
85
42
43
Hides and leather
1,114
1,241
127
Other products of animals
3,910
4,528
618

               PRODUCTS OF FORESTS
Lumber
30,624
30,287
337
Other products of forests
3,065
2,745
320

               MANUFACTURES
Petroleum and other oils
118,557
102,934
15,623
Sugar
1,634
1,127
507
Naval stores
1
1
Iron pig and bloom
5,443
2,340
3,103
Iron and steel rails
215
226
11
Other castings and machinery
9,377
11,847
2,470
Bar and sheet metal
2,048
1,464
584
Cement, brick and lime
29,981
28,981
1,000
Agricultural implements
130
254
124
Wagons, carriages, tools, etc.
500
610
110
Wines, liquors and beers
3,212
2,282
930
Household goods and furniture
2.921
2,217
704
Other manufactures
52,209
51,410
799

               MISCELLANEOUS
Other commodities not mentioned above
8,179
18,341
10,162
__________
__________
__________
__________
Total
416,276
385,554
30,722
__________
__________
__________
__________
 
               FREIGHT
1913
1912
Increase
Decrease
Tons of revenue freight carried
416,276
385,554
30,722
Tons of company freight carried
7,200
8,466
1,266
__________
__________
__________
__________
Total tons of freight carried
423,476
394,020
29,476
__________
__________
__________
__________
Tons of revenue freight carried one mile
17,603,343
15,890,760
1,712,583
Tons of company freight carried one mile
430,726
481,379
50,653
__________
__________
__________
__________
Total tons of freight carried one mile
18,034,069
16,372,139
1,166,930
__________
__________
__________
__________
Miles of road operated  in freight service
90.51
90.51
Total freight revenue
$250,937.26
$231,268.32
$19,668.94
Tons of revenue freight carried one mile per mile of road
194,491
175,569
18,922
Tons of all freight carried one mile per mile of road
199,249
180,888
18,361
Average distance haul one ton of revenue freight
42.3
41.2
1.1
Average distance haul one ton of all freight
42.6
41.6
1.0
Average tons revenue freight per train mile
121.6
109.2
12.4
Average tons all freight per train mile
124.6
112.5
12.1
Average tons revenue freight per loaded car mile
14.8
14.0
.8
Average tons all freight per loaded car mile
15.1
14.4
.7
Average number of freight cars per train mile
12.9
12.1
.8
Average number of loaded cars per train mile
8.2
7.8
.4
Average number of empty cars per train mile
3.6
3.3
.3
Average amount received for each ton of freight
cts. 60.3
cts. 60.0
cts. .3
Average revenue per ton per mile
cts. 1.426
cts. 1.455
cts 0.029
Average revenue per mile of road
$2,772.48
$2,555.17
$217.31
Average revenue per train mile
$1.73
$1.59
$0.14

               PASSENGER
Number of interline passengers carried
17,814
16,197
1,617
Number of local passengers carried
198,898
177,487
21,411
__________
__________
__________
__________
Total number of revenue passengers carried
216,712
193,684
23,028
__________
__________
__________
__________
Total number of revenue passengers carried one mile
3,847,637
3,406,914
440,723
Miles of road operated in passenger service
90.51
90.51
Number of revenue passengers carried one mile per mile of road
42,511
37,641
4,870
Average distance each revenue passenger carried
17.75
17.59
.16
Average number of passengers per train mile
30.33
26.79
3.54
Average number of passengers per car mile
14.50
12.70
1.80
Average number of passenger cars per train mile
3.10
3.11
.01
Total passenger revenue
$85,401.21
$78,847.52
$6,553.69
Average amount received from each passenger
cts. 39.41
cts. 40.71
cts. 1.30
Average revenue per passenger per mile
cts. 2.220
cts. 2.314
cts. 0.094
Total passenger service train revenue
$108,372.22
$105,044.28
$3,327.94
Average passenger service train revenue per mile of road
$1,197.35
$1,160.58
$36.77
Average passenger service train revenue per train mile
cts. 85.45
cts. 82.59
cts. 2.86

               TOTAL TRAFFIC
Operating revenues
$380,369.41
$355,632.86
$24,736.55
Operating expenses
287,248.15
286,587.05
661.10
__________
__________
__________
__________
Net operating revenue
$93,121.26
$69,045.81
$24,075.45
__________
__________
__________
__________
Operating revenues per mile of road
$4,202.51
$3,929.21
$273.30
Operating expenses per mile of road
3,173.66
3,166.35
7.31
__________
__________
__________
__________
Net operating revenue per mile of road
$1,028.85
$762.86
$265.99
 __________
__________
__________
__________
Operating revenues per train mile
$1.40
$1.30
$0.10
Operating expenses per train mile
1.06
1.05
.01
__________
__________
__________
__________
Net operating revenue per train mile
$0.34
__________
$0.25
__________
$0.09
__________
__________

 

TABLE OF TRACKS

Main line, Dunkirk, N. Y., to Titusville, Pa. Miles
90.51
Sidings and yard tracks 17.84
________
                               Total tracks      108.35
________

In State of New York		 Miles
49.97
In State of Pennsylvania 58.38
_________

 
EQUIPMENT
INCREASE DECREASE
           
          Cars in Passenger Service		 Dec. 31
1912  		Added Change of 
class and 
service  		Retired Change of 
class and
service  		Dec. 31
1913 
Passenger coaches, wood
3  
3  
Combination cars, wood
1  
1  
Mail, express and baggage cars, wood
1  
1  
___
___
___
___
___
___
                    Totals
5  
5  
___
___
___
___
___
___
         Cars in Freight Service  
Caboose cars
5  
5  
___
___
___
___
___
___
         Cars in Company Service
Derrick cars
1  
1  
Other road cars
1  
1  
___
___
___
___
___
___
                    Totals
2  
2  
___
___
___
___
___
___

 
 
COST OF ROAD AND EQUIPMENT
Cost of road
$3,970,799.53		 Per mile of road
$43,871.39
Cost of equipment 243,315.35 2,688.27
______________
____________
                    Total $4,214,114.88 $46,559.66
____________
____________

 
CAPITAL STOCK
Number of shares 13,000
Par value per share
$100.00
Total par value authorized, issued and outstanding
$1,300,000.00
Amount per mile of road owned (90.51 miles)
$14,363.00
Dividend for year (paid by lessee company)
1 1/2 per cent

 
FUNDED DEBT
Class of bonds When
Issued		 When
due		 Amount of
authorized issue		 Amount issued and
now outstanding		 Rate When
payable
First mortgage Aug. 1, 1910 Aug. 1, 1960 $5,000,000.00 $2,900,000.00 4 1/2% Feb. & Aug.
Amount per mile of road owned (90.51 miles) $32,041.00
Note--The interest on the funded debt is paid by the lessee company

 

HISTORY

The Dunkirk Allegheny Valley and Pittsburg Railroad Company was incorporated December 31, 1872, and was formed by the consolidation of The Warren and Venango Railroad Company and The Dunkirk Warren and Pittsburg Railway Company. The Dunkirk Warren and Pittsburg Railway Company had been organized May 14, 1870, by the consolidation of the Dunkirk, Warren and Pittsburgh Railroad Company and the Conewango Valley Railroad Company.
          The Dunkirk Allegheny Valley & Pittsburgh Railroad was leased to The New York Central and Hudson River Railroad Company January 3, 1873, for the term of five hundred and one years from December 1, 1872, the consideration being payment of seven per cent interest per annum on mortgage bonds, of the original companies, not exceeding $3,200,000.00, and one and one-half per cent dividend annually on 13,000 shares of stock. The several bonds matured in 1900, but were not retired until February 1, 1911, when a first mortgage bond, dated August 1, 1910, for $2,900,000.00, bearing interest at the rate of four and one-half percent was issued in their stead.