The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-20

:
The estimated gross receipt Of the current year was
hundred thousand dollars From present indications
this will be considerably exceeded Placing It, how
at hundred thousand dollars and eductng the
liberal Of fifty thousand dollars for repairs &C. and
the road will pay this year six per cent on the cos,
Of the part in There was not a day during the
months Of December January and February past that
the whole Of tho business offered could be accommo-
dated, for tho want Of cars and portion Of tho time
moro freight was driven and hauled past tho different
depots on account Of inability carry it, than was trans
ported over the road
Tho road 10 laid in the valley Of the Little Miami river
abonndng with water power and celebrated even There
for lite fertility; nearly ninety mills and manufactures
must necessarily depend upon the road for transporting
their manufactures to market when shall be compile
ted to sprngfeld and during ths winter months the
habitaats Of the Lake shore win DO compelled use it
as medium Of transportation
When reaches Springfield 1t win have penetrated to
the centre Of Of the richest counties in Ohie the
great wheat corn and pork region and will also inter-
sect the national road Of tho great limos Of the
land travel Some Of the largest and finest -four
mile h 0his situated around Springfield; and the
number Of these well Of the wheat raised will be
greatly increased by the making Of this road There Is
NO risk therefore, In saying that the business Of the M
road will be doubled after it reaches Springfield
The railroad from xenia to Columbus under contract
and understand, progressing rapidly The distance
IL little forty miles, Of which thirty two miles run
ON direct limo, without and without grading
The Mad River Railroad from Springfield to ssndusky,
10 proceeding rapidly to completion The distance 10 one
hundred and thirty miles Part Of this road at the
northern end 10 Notwithstanding which, the grade
done to Urbana hundred and twenty miles, and the
remaining fourteen miles is than half DONE 1t will
be ready for the iron to Belefontane one hundred and
five miles from sandusky by tho 10th Of July Next and
IL the autumn be favorable, 1t hoped have the whole
Line from Cincinnati to sandusky open for travel next
winter This road very straight and runs over level
country There but three bridges in the whole line
The cost Of the road with the furniture on IT, win not
exceed nine thousand dollars per mile
The railroads in Ohio principally regulated by East.
crn capitalists Whenever any line anticipated the
rst movement made to despatch agent Boston
m up the stock; and far these movements have been
generally successful Railroads constructed through the
rich valleys Of Ohio bid fair to be productive that the
careful calculating capitalists Of New England can pro-
coed freely and invest in Them under their management
they economically conducted and provo productive
in an incredibly short time. There appears to be charm
connected with their direction Of railroad for in
raj instances they have taken hold of roads in different
sections Of the country which had been almost ruined
by gross Encouragement, and brought them up once
into public favor and given their stock value in tho
market greater than ever previously realized We find
in the board Of directors Of tho railroads running through
the interior Of this State, from Albany Buffalo the
names Of Eastern capitalists, and also nd In the lists
Of stockholders the Of Eastern capitalists
pany has been recently formed for the purchase Of the
Central Railroad Michigan, composed principally Of the
large railroad propnstors Of New Engand in fact in all
parts Of the country where and these works and
New England interests. If railroad IL to be sold, there
sure to be an agent from Massachusetts on the spot;
and several Southern railroads have within the past year
or two boon purchased at public sales ~ Eastern CAPT
talists
The Reading Railroad before II came under the con-
troll Of Boston board of directors, in fair way Of
proving an immense failure The enormous and
nua expenditures were only absorbing all the income
but were rapidly involving the concern into cmbarrass.
ments from which there appeared TO be no redemption
Before the work became too deeply involved complete
revolution took place in its management and the road
Is in fair way of earning respectable dividend
wihinhe past year its stock has increased very much
nvslus iss bonds approaching par and we hays no