This annual report from 1850 provides updates on the construction, maintenance, and operation of the Philadelphia, Wilmington, and Baltimore Rail Road Company. It includes financial statements, statistics on passenger and freight traffic, and descriptions of new construction projects. While it may not be the most exciting reading material, this report provides a valuable window into the early days of American railroading. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.