Hudson Connecting Railroad Company,
Passaic and New York Railroad Company,

Middletown, Unionville and Water Gap Railroad Company,
Middletown and Unionville Telegraph Company,

Lodi Branch railroad,

New York, Susquehanna and Western Coal Company, common,

New York, Susquehanna and Western Coal Company, preferred,
New York, Susquehanna and Western Railroad Company,

Total,

$94,000 CO

70,000 00

104,450 00

2,000 00

60,000 00

231,500 00

60,000 00

17,621 00

$639,571 00

During the year ending June 30, 1891, this company issued $3,000,000.00 of general mortgage bonds, of which amount but $416,000.00 was outstanding June 30, 1891.

CONTRACTS, AGREEMENTS, ETC.

Same as reported for June 30, 1890. No change of any kind for year ending June 30, 1891.

What provision, if any, has been made by this road for the payment of its funded debt? None, except from the company's road.

What station-houses, stock yards, or other terminal facilities, does this road use for which it pays a rental? Name the parties to whom such property belongs: Pennsylvania Railroad Company at Jersey City and New York, and New York, Ontario and Western Railway Company at Middletown, New York. The company does not lease or use any terminals in Pennsylvania.

Name all the associations to which this road is a party, whose object is the regulation or control of passenger or freight traffic: None.

Name all the companies, commonly called fast freight lines, of which this road is a member, or which operate over the line of this road: None.

NITTANY VALLEY RAILROAD COMPANY.

Date of organization: March 15, 1887.

By what authority incorporated: Commonwealth of Pennsylvania: An act to authorize the formation and regulation of railroad corporations, approved April 4, 1868, and the acts supplementary thereto.

Date of last meeting of stockholders for election of directors: Adjourned meeting, January 27, 1891.

Postoffice address of general office: No. 122 Walnut street, Philadelphia, Pa. Postoffice address of operating company: Valentine Iron Company, Bellefonte, Centre county, Pa.

OFFICERS.

ADDRESS.

Jones Wister,

M. W. Walsh,
J. W. Gephart, .

.

The Nittany Valley Railroad Company.

Junction with Bellfonte. Ore banks,
Nittany and Lemont
railroad,

Sidings and other tracks.
About 2 miles of tracks
to rolling mill and
blast furnace of Cen-
tre Iron Company, op-
erated under an agree-
ment.

Total mileage operated,

Total mileage of

road.

Total mileage of

road in Pennsylvania.

PROPERTY LEASED, OR OTHERWISE ASSIGNED FOR OPERATION.

An agreement between the Nittany Valley Railroad Company and Centre Iron Company, for use of tracks in the yards of the Centre Iron Company. The Centre Iron Company failed in the fall of 1890.

Succeeded by the Valentine Iron Company in the spring of 1891, to whom the Nittany Valley Railroad Company leased their road May, 1891, for one year at a rental of $7,500.

The Nittany Valley railroad leased to the Valentine Iron Company May, 1891, for one year, at a rental of $7,500.