Lippincott's Magazine of Popular Literature and Science - Volume 12, No. 28, July, 1873 by Various
page 23 of 268 (08%)
page 23 of 268 (08%)
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Seeing the actual and future importance of the line, some Eastern men
bought up the stock, put in the necessary money and encouraged Mr. Felton to begin an entire revolution in the road. The road-bed was perfected and widened for a double track, new dépôts erected in Baltimore and Philadelphia, new rails laid, new branches opened; and whereas Mr. Felton found the road with only a single track, 25 locomotives and 308 cars, he left it with many miles of double track, its dépôts rebuilt, 49 locomotives and 1145 cars. When he took the road its locomotives traveled 312,840 miles per year, and earned $718,010, at a cost of $252,184.54: when he left it, borne down by disease, the locomotives traveled 780,537 miles per year, at a cost of $1,960,649. The capital stock in 1851 was $3,850,000, and paid three and a half per cent.: it is now $13,486,250, and pays eight per cent. [Illustration: VIEW OF THE SCHUYLKILL RIVER AND WEST PHILADELPHIA.] When the war broke out in 1862 this road was the key of the continent, and the fact that it was officered and controlled by Northern and energetic men saved it from destruction or becoming an engine in the hands of our enemies. Over it hundreds of thousands of soldiers and citizens were carried to the front, and millions of tons of merchandise and supplies were poured into the quarter-master's, commissary's and medical departments all along the line. In 1864, worn out by disease, the able manager laid down his authority, to be taken up by another vigorous New England man, who in his turn has given almost life-blood to carry the road on to greatness. [Illustration] |
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