The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-08

seve payment 600 Of the bonds Of the company
at par. bearing per cent interest for five years.
The road sou be completed the LIST day of septem-
Der next and Be the LIST of July Is44 requred
This the engineer has assured US within the last week.
When the road il finished the company will be possess
ed of the following property
So miles Of Railroad including the Hemstsad Branch. IA
I'hed with solid rail So ID to the consisting OF 1000
tons at 500 per ton, worth at this time at least
30 land in brooklyn, now worth 5000 each 1000
eo " Jamscs, " 100 each, 5000
Locomotive engines,
70 Dwelling Houses,
10 passenger Cars,
30 Burden Cars,
80 new just purchased.
Horses carts utensils, Office furniture and other mis-
ceiianeous personal property.
The right of way alorg the whole route OF the road "
secured Most of it has been made gift to the Compa'
ny The charter gives the right to make branches to any
points ong Island. is therefore complete mono
poly far regards the whole Of Long Island The To-
cal travel and local freight Of Long leland paid to the
road ~ miles from Brooklyn to Hncksvle, averages
sos 900 per for the last six years 27 miles
Of road yielded per annum what will sS miles
YIELD from local travel and freight alone is highly
probable that the income the company paid the in
habtar Of Long Island alone, will be 5000 per
mum, in two years after the completion of the road.
This road will be the only that through
between Boston and New York by daylight. When COM
plted make the route in hours with great ease
and in eight hours on any special occasions which might
requireh. No other line can do it in that time Theex
presses must therefore all this line absolute
monopoly Of the day travel Thus will take most of
tho female travellers We were informed last week by
director in the company owning the steamboats,
on the Sound, that the passengers carried during
the last twelve months, exceeds $4,000 persons.
1t will carry the Long Island mail along the route of
necessity and public convenience will call for day
mail as well night mall between the two cities, Ell
ther by private enterprise remodelng Of the 60
vernmen monopoly What the present value and pros
pectve will be in all its rsm6c ations Of
necessity be in degree coDjectural Yet we have
some important facts to aid Frst-the number Of
passengers by the twoines tho last twelve months
cond-the amount of freight by the hirdthe &C.
tunl receipts for passengers and for freight the Long
Island Railroad far finished, say 81 miles, for
the last i've years!
These facts afford several views of this subject
One.haf the passengers daily, say $50. for
200 days, at ST., 90 per passenger. $4,000
$50 passengers for 100 days, $50. 500
Passengers and freigh OF Long Island alone, will
be al the lowest estimate. 100000
Mail transportation. .....,............. $4,000
Gress income per annum :. ....... .$299 500
Expenses OF maintaining and running the
road OF 9S miles at goo per mile. alorge
1utsres. on tn: deb; Of san 900. $40
Rent to the Jamaica Railrod of - miles,
average for some years to $4,000 l29 $40
Leaving annual surplus for a dividend to
stockholders being upwards of $3.50 per
There are shares Of stock issued to the public
according to the last report Of the company which
there has paid sac TO each. 81 Os7 500
Add the present debt 80. ut 600
Add the estimated cost to complete the road $4,000