The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-29


ersigned and registered in Comptrolers office with
blank left for the registers name but the itself
wanting.
This bill came from the Seventh Ward Bank ofths city.
is issued against law passed year two since by
Assembly The given for putting large amount
Of these bills into circulation given by the officers
banks that getting short Of the
bills ard having demand for their paper they take the
paying them out We do not know to
what extent they have carried this, but have
large bundle that must have contained large amount
The Comptroller should look into this movement. law
passed the Legislature regulating Banks by placing
the restrictions them for the safety Of the
public, and the first moment they find for their interest,"
they throw aside all law and put into the hands OF the
public worthless paper currency, half made up and
without the slightest regard what legal or honora'
be The bills may eventually be redeemed but this is
only one of the many the banks resort to swnde
the community an institution like this will be guilty
Of such movement the public have right to expect
them capable of committing greater, and should be
their guard against all such concerns.
The Massachusetts, Western Rail Road is at this
creating great deal of interest in the minds Of
itas both of Boston and this city The adjustment Of
an agreement with the Worcester Company will make
great difference the value Of the stock of the Western
Road The election of the high fare party will have
very great influence the receipts well on the
pendtures, as those connected with the road whose
salaries reduced very active in eectoneerng
for the Bliss party" with the hope of having their pay
that party coming into power The policy
Of high fares will be fairly tested this road the present
yea1 The low scale prices still in operation under
which, the receipts since January LIST, this
those for the same period last have increased than
RscErrrs ron 1913.
For transportation Of passenger. $276l39
Do do mails, expresses &c.,. 2a046
s57sssl
f EXPENDITURES 1S43. -
For repairs 81 Of engines ssaa and cars. ' :sss!
For fuel oil. salaries. wages, SC. 1871
For repairs buildings &C. ....... 7O56
- $sOa.s7a
oj an9a ti q N01aNs- p ssse,oOo
In this is included the amount of certain
penditure: belonging to previous years, al
though paid in lsl3 ....... 2o,N5
lures for isis.. - ............ sa0o,o54
interest and for the sinking fund, which are
as follows Interest paid during the year.
permanent and floating debts, being in full
S254, 4s2-pad sinking fund, $40 00o...... 2944s2
Leaving balance against the Company Of. s4,42s
This does enable the company pay the smallest
fractional dividend. The immense capital invested by
private individuals lays dead
The entire cost of the Albany and West Stock
bridge Railraad to Dec. 81 lsaa, is Si75s342
Worcester to the State line, to December slst,
Total tale cost ST. to Dec ST. isis. from Albany to
cester $',50i,2o4
OF this large absorbed in the construction Of this
road s277 $40 was received stock
This sun thus far unproductve; it has not brought
single cent Of income The annual interest this
amount the legal per cent of O5l
The anpexed official report of the company for is43 pre-
sents view of their resources:-
CAPITAL AND LOANS
Amount 5;Sss' e. s'iS:i%t Corpus
Amour, of sterling bonds, fssss,o asaso sssssS
| =" Albany City bonds, 80. 100000
ss,sls,sas
OF all the railroads in New England that are in active
operation only three do not pay regular dividends, viz
The Western and the Norwich and Worcester and the
Iousatonic All the others pay dividends ranging from
six eight per cent The immense of the Western
Road the great outlay of capital before receiving any r.
| come in consequence Of the rapidly of ito on
struction, the gradual improvement in the Ike of
travel, and the vast expense attending the opraion
| of line of such great length, ssrjoy draw
backs to immediate productiveness, and gt obsta-
cles the declaration Of dividend of any anun at
| a very early perod Notwithstanding a. these un.
favorable beginnings the road will ultnately prove
to be of the most productive nature 4 IL built in the
most thorough manner. II is the list built road in
the country and will cost less than ay other to keep in
repair II connects the with tie east and is the only
direct line of transporting the reduce arriving on the
Erie Canal at tide water to Boon. The receipts of the
road an gradually but steadD increasing, while the
pcnses are confined Within the most narrow limits The
government Of the road in good hands, and whatever
policy may be adopted the administration of its affairs
il will only be adheredo long proves productive
Eastern capitalists governed completely by the pros
pect Of profit Parteeling personal prejudice, are
not allowed to nteere with the advancement Of their
private interests they act man in bringing to
perfection whasvr they undertake. Under the most ad
verse circumstances the internal New
England Statesave reached their present lucrative condi
tion The Lowell Railroad was in the early stages the
work, 81 pc cent il il las per cent The Eastern
was 81 ands l0s} The Worcester was Co. and is now
IFS. Thu Taunton Branch 65. and is l2s. The
Bostonsnd Providence 90, and Ia now LOG. These
inssxccs show the great improvement that has taken
place within few years the whole Of which has been
accomplished by great perseverance and energy. our
orks have been constructed principles just the re-
verse of these They have been made speculative rom
the vary and have been ruined by inc
exravapance of those concerned in their management
The Eastern capitalists have investments IN nearly
work of internal improvement in the co"m' y
nwn nearly all the Reading Railroad. They have
thirty three millions Of dollars invested III 'no
r New England and New York that are finished ana IN
-, uara,;on They have three more in contempla-
- 80 from Providence to Worcester, from Boston TO
n,,,,h and from Boston to Montreal These three
-, -, ,,;,, IN a few years. when New England will
|, - ar railroads rs will be able to declare good
a;v,aerds The road from Troy to Greennush' IN TINS
CO. Iii .oor no commenced Most Of this stock =
| owned In Boston