Excerpt from Report on Proposed by-Laws for Delaware, Lackawanna and Western Railroad Company: Also, Existing by-Laws of Said Co;, As Adopted by Board of Managers, March, 1856

The remaining by-laws, as adopted by the Board of Man' agers, and contained in Chapter IV. And the following ones, are found to contain many wise and proper regulations for the Board of Managers and other officers, which we do not deem it expedient to alter.

On making inquiry in regard to the practice of two or three roads, the incomes of which are derived mainly from the transportation of coal and the like heavy freight, your Com mittee are informed that the Managers refrain from making long contracts, as being undesirable, even after they have had many years experience in regard to the cost of transportation, and the expenses of keeping the rolling stock used in that branch of their business in repair; and if unwise for roads, the Managers of which have had ample time to gain practical knowledge on the subject, it cannot be politic in a road like ours, which has been open for the freighting business only a few months; furthermore, from the inquiries your Committee have made, they find there is a great difference of opinion as to the cost of keeping coal cars in repair-some persons being of opinion that ten dollars per annum, on each car, will suffice for that purpose, while others estimate it at fifteen to twenty dollars. The first named sum, say ten dollars, was deemed sufficient by the Managers of this Company when making a contract for two years only, when the cars were new and it may be sofi for there has not been time to test it, but your Committee deem it not improper to state that in the last Report of the Reading Railroad Company, it appears that the cost of keeping coal cars in repair the past year, was a fraction over forty dollars each. Of this number, about three-fifths were iron cars. What was the condition of these, or the oth ers at the beginning of the year, your Committee are not in formed; but after making a liberal allowance on that score, they apprehend a considerable loss on this part of the contract with the Union Coal and Iron Company.

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