The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-07-14

EASTERN RAILROAD. The annual meeting Of the
stockholders of the Eastern Railroad was held ON
Monday last. We have been tavoured, by Hon.
Daniel Adams, with copy OF the report OF the di-
concerning the condition of the company.
The directors congratulate the stockholders on
the completion OF the road and the settlement of its
accounts The entire amount charged to cost of
construction of The road from Boston to Portsmouth,
is So, $40, DAB, of which SALT was the cost of
that portion OF the road trsm the Massachusetts line
t. Portsmouth. The Capital stock OF the company,
paid in is ST. Cos 900, the State loan $500 OOO and
the floating debt of the company 1882. 81. The
property OF the company, independent OF the road, s
| estimated at $500 646, and If sold would pay of
nearly the whole of the floating debt
The cost of the new depot in Boston, which has
been made the past wear, appears TO have been $751;
4O3, of which 500 290 paid for land, 81 374 cest
OF foundations otplle wharf, $5,7g7 for val, SO 629
drops, engineering, &c.
In consequence of this purchase, the company
have been able to realize by the sale OF their right
az Lewis wharf, $500 600 land Sold on which the
owners are about to erect splendid range Of stone
s.ores 500, 600; land reserved for hotel and for
which they have been offered 1922 O00 and the lease
OF rereshmeRt room and restoralor Tor $500 per
annum each; an l. crease in the amount tor
which the ferry is leased $500, and saving in rent
OF Treasures Office 500, all of which cost, at
per cent, would require capital OF $63 OOO-show-
Ing prott, says the report. independent OF the su
| perior Accommodations, OF 500 500 81.
Among the property OF The company before
alluded to, 20 lots at East Boston, where the
flax OF population is rapidly increasing the value Of
land. and The present estimated value OF viii Oh is
SIS, 800.
The interest the East Boston Ferry, and "a lots
IN the Fubhc Garden containing 1000 square feet
each, is valued at 35 000 and cit is believed that
i would be good speculation TO purchase this at
the valuation"
The company have been offered $3.50 for their
interest in the Cunard wharf, and they have real
estate in Lynn, Marblehead Salem and Newbury-
port valued at S4300-part Of this real estate con-
sIsing OF house and two lots of land, is In New
buryporf, and is valued at $500 Besides these they
have SN,5OO in the Portsmouth Bridge, purchased
IN company with the Portland road. They have
also real estate in New Hampshire valued 40.
OF the 1000 new shares created in January last,
only fifty have been Sold and it remains for the
future direction to decide if they shall be issued,
or if the property hand shall be realized, or the
amount remain or loan AS either Is practicable
the decision will rest on what may seem to be re-
CURED by the interest of the stockholders"
In consequence of the dullness of business last
winter the receipts have been less during the past
year than in the year previous, but the expenditures
have been lessened more than the receipts nearly
| $l4 600.
The gross receipts OF the year ending June 30 are
stated at 26G 49, and the expenditures $1l0 600 66
| leaving the nett receipts $l55,799 49, from which
there has been paid interest State scrip 25OOO;
dividends to stockholders $12l ,740, leaving a sur
| plus including that OF last year, OF 1892
| The gross receipts for the year ending June 30,
1872 were 1921 1916, and the expenditures Sis, 465.
The Board oil Directors for the present year con-
slsts OF the following gentlemen david A. Neal.
| John Hooper, Amos Bluney, Daniel Adams, Jr,
| John Bryant, Jr Isaiah Breed, John E. 1hayer.-
4Ntc6nrypot UcTatd