Mediterranean – 1886 – 1887 – 23 train engines (IV)

The Annual Report for 1886 came in the first week of January 1887.

mediterranean_1886_dec_07

With revenues of 2.46 million dollars and profits of 1.39 million dollars, the investors were “somewhat pleased” with Adolph von Hansemann’s performance.

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The board of directors increased von Hansemann’s salary by 1,000 dollars to 46,000 dollars/year.

The company “1880 Mediteranean Rail” had the biggest revenue in Mediterranean region, but the 4th in the world, according to “Global Financial Railroad Companies Guide”:

  1. The Hammers Rail System – 5,435,000 dollars
  2. Southampton Eastern – 3,990,000 dollars
  3. Liverpool & Manchester – 3,774,000 dollars
  4. 1880 Mediteranean Rail – 2,468,000 dollars
  5. Besancon Western – 1,107,000 dollars
  6. Iron Duke Engines LTD. – 458,000 dollars
  7. Lyon & St-Etienne – 403,000 dollars
  8. Consolidation Engines Holding – 233,000 dollars
  9. Multi-Wheelers Co. – 190,000 dollars
  10. Vulcan Engines Co. – 144,000 dollars
  11. Shay Engines LTD. – 20,000 dollars

mediterranean_1886_dec_09

Adolph von Hansemann was poorer than Gerson von Bleichroder but still richer than Napoleon III.

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In February 1887, train engine #7 that crashed in December 1886 was still registered in the catalogue of 1880MR.

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Gerson von Bleichroder bought 1,000 shares of the company “1880 Mediteranean Rail” in February 1887.

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Finally, the remains of the crashed engine and the confiscated wagons were taken out of the path of the functional trains.

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Train engines #8 – #13 of 1880MR were renamed to #7 – #12.

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To be continued…

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