The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-10-17

Teal. s4'Saosa 10 sss,ss go q g
Decrease, 1886. $iSs ,S&S "
The duties on goods warshoussd in the port of Boston
in the third quarter Of this year. about $4,000
II will be observed that the receipts from customs in
each of the first two quarters Of ls46 several hun
dred thousand dollars larger than those for the
pondng quarters in ls45, and that the falling OF in tho
third quarter this year. not only efset the gain tho
previous quarters but exhibits In the aggregatea
decrease to the extent above named.
few weeks since we gave some extracts from tho
report of the Hartford and New Haven Railroad Com
pany We have since received the report and give fur
Their extracts for the purpose Of only showing the
present condition Of the Company fully but for the
purpose of exhibiting the great improvement In the affairs
of the concern produced by the energy and perssvsr
ance Of the stockh oders in extending the road The
directors remark that -
But short time since the prospects of the Company
wore discouraging aspect Its TO tal annual income
its stock selling in the market at less than half its
par value and the dividends irregular and uncertain At
that critical period the extension of the road to Spring.
field was boldly undertaken, and was prosecuted with
vigor against every obstacle, with success which has
surpassed the most sangune expectations The result
Company insuring the steady and stable growth of ts
resources and constantly increasing business The in
now yields liberal dividend to the stockholders with
The certain prospect of their continuance for the future
the prosperity Of the Company upon footing not likely
to be shaken by any future ordinary contingency.
Nor the extension road considered with reference to
the future less important than lite bearing the present
condition OF the company Since its completion and in
great measure, in consequence Of it, two and i'm
additions have been made to the great cham Of
railroad, which rapidly extending along the popnlous
valley Of the Connecticut destined distant period
Sound Each northern extension will bring to this
road large accession of business and travel which, ac-
cordng to all experience must increase sndsxpandlwith
such is briof view of the prospects Of the company,
with reference to what may be considered its local bush
ness and although the Through travel between Boston
and New York Is in comparison with this, considera
ton of minor Importance still when the road between
New Haven and New York shall be constructed, Of
which there Is favorable prospect II cannot be
doubted that fs road will receive share of travel be-
tween those two capitals Whatever may be the claims Of
other existing routes When this line is completed, tho
entire distance between New York and Boston, via New
than eight and half hours The necessity Of more
expeditions route will not then be considered very ur-
and even the supposton that more expeditions one Is
practicable. as yet rests on Pretension only.
track of the road with the Hartford was su
tnorzed by vote Of the stockholders the last annual
valuable property the bank Of the river freight
pots &C. The greater portion of the right of way has
already been purchased and contracts have been made
for the work prices which make nearly certain that
the cost will be brought withnhe estimate The compa-
portation north Of Har ford the amount Of which on the
river above h not less than 40 600 per Con-
nected the road will then be- the completion Of
the branch with deep water navigation at Hart
ford and New Haven II cannot fail to command
large perhaps the whole Of the extensive business
Of which the valley Of the Is the great ma
Of the Union.
To provid, for the construction of the branch
the board has authorized the of seventy bonds Of
600 each with interest at six cent and in
three Ave years from the first of August l6ao These
bonds convertible into the capital stock Of the CON-
pany at its value, prior to maturity at the option Of
the holder.
The expense of repairs material and labor has been
ss9 % rSich is equal to slal psr mile, and the soa
Of repairs material and labor the old road thirty
six miles in length has been sl6b7e ST. equal to SaSo
such portion of the timber in the present track which
IL sound may be advantageousy used In the super
ructure and the cost OF relayng the road latter deduct
ing the value Of iron and timber, in use estimated
The board have entire confidence in the ability of the
company to accomplish this important work. without in
tcrrupting the regular dividends and with this view
they recommend to the Stockholders to authorize this
time sale oil the reserved stock such and
dons as they may judge most beneficial for their inte
rest to an amount sufficient to raise the necessary funds
The company has still the right dispose Of 200 shares
including 1000 shares Of the branch road transferable to
n,s Company part OF which only will be required %
When the track ia relaid with rail, the condition Of
the company may be stated. with sufficient accuracy, as
Amount of stock issued including boat stock 81 $50 coo
Add cost Of branch road including twenty-sx
For unsettled land claims extension road 10 ooS
Estimated cost reaying track. .......... 400 600
SIS bonds issued Including 10 plcdged). $4,000
Total. 81, 4ao 600
The board estimate the income Of the company the
coming after paying s o% al
the proposed amount Of capital and liabilities Of the
company, will leave balance Of $4,000 contingent
fund.