The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-08-17
Population
25,ls7


These towns are largely engaged the whale fisheries
Sag Harbor owns itysix sail Greenport nine ditto and
annually imports from seventy to ninety thousand barrels
of oil. We safely estimate that the income from
freight this road from and to all parts Of the Island
the freight that may be transported between Boston and
New York by this route and the receipts from Express
Lines and the United States mail at 5000 per annum
which with the passage receipts will swell the total
income of the Company to 100000 per annum. Our
estimates founded upon the existing condition of
trade. This railroad running through the interior Of
Lorg Island, will develope the resources and increase
the wealth of thu country through which passes
in year. than has heretofore been known in ten
twenty. When we take the estimates made years ego
in relation to the roads now in active operation,
have to think that may be far below what
will ultimately be realized, shrewd individuals have
been before When the Worcester road first built,
about years ago. Of the Directors proposed to farm
out the privilege carrying freight for $500 per annum
The receipts for freight the road in lS43 amounted to
$l62655 In 1884, very intelligent committee estimated
that the receipts for freight the Lowell railroad would
not much exceed $40 900 per In ls3 the receipts
from freight this road amounted to $l3i,275 These
instances shew the mpossbility Of correctly estimating
productveness of tn modes Of travel and ransror
taon If well managed, the receipts invariably exceed
the estimate The estimates have made Of the Long
Island railroad realized will enable the company to
declare a very large dividend the first year. The ex-
penses Of running this line will probably be much less
than those Of any other road in the country The ex
pense will not probably exceed forty cents per mile The
nearly in air line with few and gradi
ents and bridges, and but very few cats or embank
ments; while wood he obtained the line in any
quantity - per cord The whole cost Of running the
road interest debt and rent Of Jamaica road win not
exceed 81 10000 We annex summary of estimated
ceipts and expenditures.
Love ISLAND RAILROAD.
Estimated receipts from the through travel 900
Estimated receipts from the local travel 300 900
Estimated receipts from freight, expresses and
mail. .......... 2uO,VVV
100000
Estimated expenditures for running, 100000
Interest on debt, $277 600. .l66a0
Rent OF Jamaica Road. 0O0-$l34o2O
1855 $50
This will give q dividend Of than fifteen per cent
the capital OF the company nine dollars per share
the stock issued This statement refers to the road
alone The boats in which the company interested,
another source Of profit which have not included
in calculations We have merely taken the facts
we find them. We have estimated on the strength Of
what has already TRANSFERRED At this rate this be
one of the most productive roads in the country We
think the estimates made in the above table far
out OF the way The travel between New York and the
New England States according 10 the records kept BY
the Steamboat Companies, is estimated TO amount to
81 900 per annum. Allowing that tho Sound boats
obtained half OF this amount for their share which
would give them 100000 is than fair to sup.
pose that the Long Island road will get fifth of that
amount. We have doubt but that, in short me the
road win take than twohirds Of the travel between
this city and the New England States. twill be seen
from this how low have placed our estimates, and
how large margin we have left for an Improvement.
Even OF calculations the producveness Of the road
will be very great and from the start greater than
before reached by any other road in the country The
stock Of tho Company Is selling in Wall street at 81
80 per cent few days will suffice to settle the sub
ec and should the present large receipts continue,
reason why the stock should not touch par.