The Sun.
London, England, 1867-08-12 00:00:00

EDINBURGH AND BATHGATE.

The half-yearly meeting was held at Edinburgh
on Friday—Mr. T. Hill in the chair.
The directors reported that the decreet-arbitral
in the submission between this company and the
lessees (North British) was pronounced in April
last, and the findings were much in accordance with
their own views. They had not yet been able to
obtain detailed returns of the traffic, but the returns
for the year ended July, 1864, and July, 1865,
showed a considerable apparent surplus rent due to
this company. They recommended a dividend for
the half-year of ss. 6d. per share, with 4 per cent.
paid in anticipation of calls.
The CHAIRMAN expressed the satisfaction of the
directors that they were able to continue a dividend
to the shareholders. They hoped by next meeting
to lay a statement before the shareholders of the
accumulated surplus profits they were entitled to
under the arbiters' award.
In answer to a question, the CnAIRMAN said they
had no difficulty whatever in getting their rent from

the North British.
The report was adopted, the dividend declared,
and the traffic auditors were re-appointed.

DISCOVERY OF COAL BEDS ON TILE UNION
PACIFIC RAlLROAD.—Extensive deposits of coal have been
discovered on the line of the Union Pacific Railroad,
Kansas branch, about 170 miles from Pond Creek, on th 3
route of Alborquerque. Mr. Sandess, the proprietor of the
Santa Fe stage line, reports the veins from 11. to 15
feet thick. Specimens received at St. Louis, Mobile, on July
13th, are pronounced a good quality of bituminous coal. At
three feet a vein has been discovered, twenty miles east of
Fort Harker. These discoveries aro believed to settle the
question of fuel for the Kansas Pacific Railroad.
The stock of the Chesapeake and Ohio Railroad
has been taken to the extent of $5,000,000. There is no
doubt that if the new enterprise is rightly conducted a
largo portion of the products of the West will be brought
direct from Ohio to the sea coast by a route that will save

hundreds of miles in transportation.
RAILROADS IN COLORADO.—It is understood that
railroad men recently visiting Colorado have proposed
building and stocking a branch to Golden City and
Denver, if the Colorado people will do the grading. They
estimate it at six hundred thousand dollars. Gilpin
County, in which Central City is situated, proposes tl
contribute two hundred thousand of this. This branch
will doubtless be built speedily, and will run from Denver
by way of Golden City to Cheyenne, its junction with the

Union Pacific.
'TIE SIOUX CITY AND ST. PAUL RAILROAD.—
The Land Office has just received from the Secretary of
the Interior* a map showing the definite location of this
railroad, starting from Sioux City, on the Missouri River,
and extending in a northerly direction till it strikes the
southern boundary line of Minnesota, in township 100
north range, 41 west, and filed under the provisions of the
act of Congress approved May 12th, 1864, entitled " An Act
for a grant of lands to the State of lowa, in alternate sec-
tions, to aid in the construction of a railroad in such State:'
STEAM CARRIAGE.—A light open buggy, in
which were seated two men, appeared in the streets of
Boston, a few days ago, with no visible means of locomo-
tion save a slight apparatus under the behind
The vehicle
came down the street on the track just e a horse
guided as easily asif a horse had been attached.
RAILROAD EARNINGS.—New York papers state
that the Hudson River Railroad Company is earning plump
8 per cent. dividend on the stock, which has just been in-
creased from about seven millions to fourteen millions of
dollars, and in addition from $700,000 t 0.51,000,000 a
year. This latter sum is to be devoted to extinguish the
debt of the company, and the policy is to capitalise the
annual sums thus paid out of the income by dividing a
corresponding amount in full paid stock to the stock-
holders, so as to leave the whole property repre-
sented, as at present, by $20,000,000, and in the course of
a few years entirely in stock, and no debt of any kind
against the road. This road is 144 miles long. The
main line of the New York Central Company is
about 300 miles. The Hudson River Railroad is
represented by $20,000,000, stock and debL The Now
York Central Railroad is represented by $39,218,442, stock
and debt. For purposes of comparison, the New York
Central Road may be taken as double the Hudson River
Road, in capital and length, but the advantage will be on the
side of the Central, which, with its branches, has 555 miles
from which to receive earnings, against 144 miles on the
Hudson River Road. Besides the Harlem Railroad, and
the Hudson River itself, divide business with the Hudson
River Road. The New York Central has a substantial
monopoly of trade and travel along the natural path from
Albany to Buffalo. In 1865 the New York Central carried
223,229,271 passengers one mile, while the Hudson River
Road carried one mile only 85,778,513 passengers. in the
same year, on the former road, the total movement of freight
was 264,993,626 tons one mile against 53,738,444 tons one
mile on the latter road. The business of the New York
Central is more than doubleon passengers per mile of road,
and five times as great on freight per mile of road as on
the Hudson River Railroad. The fare for first-class
passengers is two cents a mile on both roads. We have
no accurate standard of comparison on freight, but it may
be assumed that with the broad river by its side, the Hud-
son Riter road does not far exceed the charges on the other
route. Yet with this tariff the nett earnings on the Mason