New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-02-06
The Long Island Railroad has called an inslal
,,.rt of ono dollar per share

The Long Island Railroad has called an install
ment ofone dollar per share.
Railroad stocks are constantly huctuatng, from
the inexperence in this country in constructing them
andfrom false representations and Inaccurate csti-
mates almost all the original par value subscribers
in this species of stock, for the last ten years have
been sufferers. Further experience IN the construc
non and management of these roads has latterly
rendered them rather favorite investments, and in
many instances very profitable ones.
During the last month Norwich and Worcester, Pa
lerson and Long Island have constantly luctuated.
We gave statement Yesterday morning from official
documents of Norwich and Worcester. We have
made some inquiry about the Paterson and learn that
the two half per cent dividend which the stock
holders calculated would have been divided on the
18th of December last was passed over, and that in
consequence of this the stock fell from about 80 to
less than 70.
We do not see bow the intrinsic value of the stock
could be affected by this omission We learn that
the Company is under very able direction and its
officers competent and faithful men. Out OF the
earnings of the Company very valuable property
in Jersey City and also in Paterson was purchased
for their depots and the expenses of the grounds,
buildings, &c. amounted to about S58,U0O, all OF
which was paid out of the earnings the Company
now not being one dollar IN debt. If the Directors
had charged these depots to the Construction Ac-
coun, and incurred a debt for the whole amount,
they might have taken this money and divided some
len or twelve per cent among It's stockholders they
judged best to do otherwise and they contend that
they acted best for the stockholders in adopting the
course which they pursued
The highest receipts in any one year taken on
this road amounted TO 5,000 and the heaviest ex-
penses Tor the same time were about S40,O The
receipts the present year We're little over SOC
The Company have made arrangements, so soon as
the frost is out of the ground, TO take up the old
rails and put down the L rail the whole length OF
the road. This new rail will enable the Company
topertorm much larger amount OF trelghtng busl-
ness, and will save, ii is supposed not less than
$4,000 year in repairs. By an act OF the New
Jersey Legislature passed few weeks since, al tins
session. the Company were authorized to issue
Bonds 10 the amount OF Sl000 O0 for the purpose OF
making this Improvement. We understand, how
ever, that contract has already been entered into
with Boorman, Johnson & Co. for the iron part Of
winch Is already delivered; and that the old IRON
now on the road is 10 be taken In part pay at about
Tue original cost--so that the whole expense Will
not exceed $4,000 or $4,000. Should the expecta-
IONS OF the Directors be realized even though the
hSmapo Road should not5e completed, it's thought
me receipts for the coming year will not fall tar
suot'o S6OUO0. and the expenses, including The m
Ieest on the $4,000, will not exceed $50 00e or
$4,000 leaving about 1000 to be divided, which
onhe Capital Stock, 100000, will be equal to eight
per cent per annum.
he Butchers and Drovers' Bank has declared
dividend OF 81 cent payable on the l3h INST
nc General Mutual Insurance Company So per
cs On Ihs earned premiums of hs year for which ceIti
as WI" BE- ISSUED the 18th Of March, and per cent on
"r Certificates OF 1913 payable cash the l2thinst
The NewYork Fire Insurance Company > per
Cent payable on demand
,,. Inc A1ca and Buffalo Railroad Company semi
NDpaa dividend OF per cent.
B, Jt@lfement showing the condition OF the umon