The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1839-01-16

CIoSlNGTON hAIL il )AD.-Ne punll>H-
ed last "eek Nh article from New York
paper giving hn account "f the embarrassed
situation of The SIoningion Rail Road com-
pnny' We suh.in "A more minute state
ment of is affairs taken from the Journal of
Commerce, 10y which il appears That all the
receipts of the Road have been consumed
in the payment Of the running expenses,
leaving nothing to pay the stockholders, for
interest on the investment. The Journal of
Commerce speaks of the :" severe opposit-
ion" during the past season as being the
cause of reducing It's earnings, aud as tho
the opposition is likely t. be discontinued.
lf we are not misinformed the opposition
will be fully As severe this year as last, and
more so; and, furthermore, in our opinion,
there always will be sufficient opposition
on the out side route TO prevent the Ston-
ing,sn Road from paying much, ifany thing,
in the shape of dividends to its stockholders.
The Stoningion Railroad, i, is true, of
fers some advantages to travellers who are
in n hurry, and to whom detention would
be serious disappointment, and i, may al
so sometimes save few qualms of sea sick
ness, which some people will avoid, although
It's beneficial effects on most persons is un-
doubted; bot it has its disadvantages, " hich
many travellers consider more than coun-
terbalance what can be said in its favor The
principal one of which is that they have a
better opportunity to enjoy nights rest
on the outside route NOT being called up
up ut 2 or 3 o'clock in the morning 10
change their mode of conveyance, to go on
II railroad in the dark, ut great speed, aud
consequent great peril. Besides, Point Ju-
dith is not half the bugbear it is cried up
to be by those who are interested in the
Stonington route,-some one of whom ac-
tuaIy asserted it TO be as dangerous as
Hateras or Look Out" in letter dated at
Stonington, and published in IA Charleston
5. C. paper. Travellers who have passed
the Point few times are aware of this cx
aggeralion of its terrors, and when they can
90 in a swift, safe, and easy boat, like the
John w. Richmond, they decidedly prefer
this route.
From the New York Journal of Commerce.
iStoningtoa Rail 0ad.-The interest
which We have ever felt aud which we still
feel in this work as an important link in the
great chain Of internal communication, has
induced us, since the publication of Colonel
| ilaMilton's correspondence with The Banks
~ Philadelphia in reference to its affairs, to
collect oil The information we could, in re-
gard to the precise situation Of the Compa-
ny, and il is with regret that we fluid its EN-
barrassments are so s,rious.
Its capital is 81 100000
| Its debts, as near as we can
learn, are SI,2OO,OO0
S55, ZOO of which is now due /; about S670,
600, will be due Ist March next, and the
residue, say $i75, 900, has about IS years
yet To run.
Its earnings during the first year Of its
operation have been about 800, 900, aud It's
expenditures during the same time, inclu-
ding some $4,000 disbursed for dredging
the harbor aud finishing up the work, were
about S65, 200 leaving a balance Of S25,
!! 900, which we understand has all been ex-
pended in payments for the steamboats,
which the Company was compelled TO run
to the Road during the spring aud summer
past.
Ii must however he remembered that this
f has been year of severe opposition, which
has reduced the earnings very materially
Upwards of $4,000 passengers besides
freight) have passed over the road during
the current year, and its friends are san
guine that there will re larger increase in
time to come. Iflhe opposition should cesse
the earnings hereafter must be greatly aug
} mcnted.