Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-15

New York freight business during the present sea
son has been very small During the next season
the arrangements for this business will be as com
plste as Oh any other line.
| PASSENGERS.
| The statements made above furnish the basis OF
calculation rs TO the exteAt in future years OF the
passenger business this road, and in addition II
should be remarked that the country the borders
o'the rairoad and at eEch of its termin Is exceed
hsiy p"palous, and this road furnishes section Of
country ON ITS borders and its southern termi
nation, containing avery numerous population, their
best route TO Boston, and to The county Of WOrces-
ter the northern part Of Massac husetts, New Hamp
shire, and portion of Vermont, their appropriate
| route to Ncw-York. This region embraces a popu-
| latioa ofno less than 3OO,OO0
| COMPARISON WITH OTHER RAILROADS.
II order further TO show that these calculations
of future business well founded it is proper
compare this road with the best built and best
tanned railroads in New England.
Ii has been sh ,wn that the road is as well built as
any other read and IL arrangeme ns Tor business IN
| every respect ample-that the receipts OF this
road daring the first months Of its operation, and
while yet unfinished, have exceeded the average oil
the receipts the three principal railroads IN New
England, during the same period OF time and alter
being in full Operation But the business on these
roads has greatly increased.
la the year 1889, the receipts on the Lowell Rail-
road were-for passengers, $l3o,o37 40; Tor mer-
chandze, sl05 1872 49, making with the male, an ag-
| gresate Of S2il, PIG o. There is no apparent rea
| son why there should rot be a greater annual in.
crease of passengers this road than on that And
!
competition. with the Middesex Canal, and being 4
short road, aud the rates necessarily low the num-
Der of tons must be largesaid to have been III the
| course of one year, Go 600 tons 1t has been
from official returns, that the extent OF the manu-
| featuring business in Worcester county county, ex
cecds that Of LOWELL and that in addition to this is
| the business 10 be derived from other counties in
| Massachusetts; the freight business between Bos-
| ton and New York, and from the two counties in
| Connecticut, which embrace more than half thu
manufactures of the whole State. As this road is
fhan tvrtn lana nf he
at the present rate, half the amount OF tonnage
would, of course yield equal amount OF gross re-
| ceipts, and greater nett profit, as the important
item Of expense in loading and unloading is the
| in both cases
Daring the same year, 1885, on the Boston and
Worcester Railroad, the receipts for passengers
was Sl22 1875 ~; freight, mail, SC, $lO6,2l 10 /;
| making with 5000 lC for rents, &c.,) an aggre-
gate of S23l ,SO7 49,
On this Railroad, the merchandise during the first
seven months oftheir operation less than the
| Norwich and Worcester Railroad, as stated above;
and then, as now, very large proportion Of their
receipts, even for goods passing on the whole road,
was not less than threc.fourths of the whole amount,
and the amount to and from the way depots; that is
from every depot except Boston, to every other de-
pot except Boston, in 1888 (when their total freie
mail receipts were So e67 49, was less than five
hundred dollars. 1t is understood that the aggre-
gate receipts this road during the past ear have
very much exceeded any former year; but the ac-
count of this will not be officially reported until the
the next month. The similarity in the circumstan-
ces of these two roads, renders the comparison still
more satisfactory, and is apparent that similar or
greater Increase is to be expected on this road.
On the Providence Railroad, during the same
year. the aggregate receipts were the enormous sum
ofs3l3,9O7 "A, OF which the principal items were,
for passengers, S23l,237 AZ; merchandise, S72939
III. 1t is supposed, although the fact is not known
from any Official source, that the principal portion
Of the freight receipts for goods received from
or destined for New York. business which this
route will divide in future years with that by way
OF Providence. Although the aggregate amount Of
that business at the present reduced rates. will pro-
baby so increase, not to diminish the AMOUNT
ceived by that road.
ESTIMATES OF FUTURE BUSINESS.
From the foregoing statements, portion Of the
materials is furnished by which any person form
his estimate Of the prospects OF this Company
The officers Of this Company most confidently
April, 1877, will be double those Of the ear ending
at that time; and upon fair principle Of eacula.
tion any one place them below the sum Of $780,
600, and that the dividends to the stookho lders,
after paying all expenses and interest the loans
Of the Company, be from 10 to ID per cent per an
mum.
| GENERAL CONSIDERATIONS.
The history Of all well managed railroads, upon
that need them, fully establishes the safety OF
investments in their stock They are entirely free
from the unhappy fluctuations that have recently at
tended most OF our Banks, Insurance and Manufac
turing Companies; their capital is always in sight,
firmly placed and ready forus the business is one
Of every day, and for cash only These elements OF
security and prof. have attracted the attention Of
capitalists Of every country tothem and atthis time
tits worthy Of special notice, that the stock OF rail
road companies commands higher prices thar those
paying the same annual misunderstanding, doubt
from the fact that every year is increasing the
population, resources, and business OF eur country,
and that every new improvement adds to the general
ability to advance, thereby imparting TO these n-
vostments the valuable character Of an improving
iaterest The OF business upon the railroads
in this country and Europe, that have been IN opera
tion i've years or more, is asccrained to be
age Of 20 per cent per anpum,
The present loans Of this Company froHs the STATE
OF achusetts, and the city Of Norwich, being a
a low interest, chiefly at five per cent per annum
and on long time, are exceedingly advantage Gus Il
the Stockholders, as their profits beyond that pei
centsge, will be divided among comparatively
small number Of sbaes.
Upon careful review Of the facts here prescnte ed
and the antcipations INDUCED, IL is believed, that
II no railroad cxistedupon this line, would be re-
gardcd as one Of the most inviting fields for CAPT
talists that could be presented in New England =
And now that road OF the best character Is con-
ructed and at less cost than any similar work. and
| in successful operation, with charter UNUSUAL '
favorable, il would be difficult TO assign good
son why the Stock in this Company is not worth all
II has cost, with interest on the expenditure, and
fair compensation for the labor and hazard attend
ing its construction, equal TO Sl25 per Share Of
500 each.
Should these considerations be allowed their cue
influence in a candid estimate OF this work, Their,
cannot be any doubt that its Stock will soon be
garded as a favorite Investment, and its value be
come fixed, like that Of other railroads. in proportion
Ia the actual dividends paid to the shareholders, ans
|, the prospect OF future increase.
The Of the sale Of the Stock is. TO pay tA'
debts Of the Company Its sold on credit, because
the Company can avail themselves OF the paper q
responsible persons. The purchaser: are guaran
tced against loss, the Stock held six months, be-
cause by So doing. the Company hope TO obtain 2
higher price than the present price in Market and
thus. to avail Themselves at this time in some mea
sure, Of the price they believe il will be In July
next.
/, The following gentleman, Directors OF the Com,
pany or a portion Of them. will be IN the city Until
The day OF sale: G. w. Rockwell; Russell Hub
+ bard; J. G.. w. Trupbnll; :. v >. Wider; VIM