The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-06

the great depth Of snow on the rails and the impossbty
Of using the road but portion Of the time Habit NOT
been for these dicutss the receipts Of the company
for the year would have been at least slso0oo and the
increase 1874 about $4,000. The actual increase
for the year was twenty per cent tia same
rate OF increase the length Of the gross re-
ceps In 1876 should amount sa97 49, but it would bs
safe to estimate the receipts othe company for the year
at about $asoooo In May this year. the cars will run
to sonsrs being extension Of the road twenty Eight
miles into the interior making the line double Its presen,
length and opening to II very large local business from
the agricultural section through which II passes The
road will In May be fhy.three miles long thirty miles
more will soon be put unds, contract, and Gnishsd be-
fore January, lsa7. which win give the citizens Of New
York. before another winter closes the navigation of the
Hudson river railroad stretching north from this city
towards Albany, at least eighty three 3 miles leaving
space Of only about forty miles cover to connect the
two cities with rails The New York, Harlem and Albany
Railroad. Is decidedly valley road and the facility and
economy with which road can be constructed through
this valley are greater than any other section Of coun
try prssens AZ an evidence Of the reduced of this
road only necessary 10 state that the twenty Eight
es)miies now in state Of compile will when
placed IN perfect running order, about fifteen thou
sand dollars mile and the average cost Of construct.
Ing the balance Of the distance between this city and
Albany, will not average a fraction more than that
amount per mile At this rate the road from New York
to connecting point the Western. say a. Chatham
distance Of one hundred and twenty light miles from
New York. will not cost much three millions OF
dollars. The same length Of the Western Railroad
through Massachusetts,. from Boston to Albany, cost
about eight and half millions of dollars making differ.
in favor Of Harlem Of at least Ave millions Of dollars
The Harlem Railroad, from the City Hall to somers in
Putnam county, 6ftythres miles long. WILL when finish
cd cost So $780, Of which 81 will DO in stock
and 5000 $3.50 in debt The interest this amount at
per cent per annun, would be $l47sss %; the
running expenses for the whole distance repairs
over $1,000 per annum making outlay Of $247 800
out Of gross receipts estimated at $2s0 00O This expen
dure gives the stockholders dividend OF seven per
cent per annum their investments, and shows that
very moderate increase in the receipts Of the company
will make the road profitable stockholders before
it is half finished This statement simple that any
one not particularly well acquainted with figures and
estimates must undersand II at once. We have good
data for all these estimates those made by the Com.
pany have invariably been very correct Notwithsand
ing the very favorable prospects Of this Company the
market value Of it, stock ID only about fifty cents the
dollar; or shares the par value of which $780, SELL
ing At $25A $2s The value of this stock, a. perma
nent investment At those prices, be doubted the
company mustsometims within the next two years. pay
dividend reduce their liabilities which IL the same
thing to permanent stockholders; and when the connec-
ton between New York and Albany by this road il com.
pleed, il will, without doubt be ono Of the most pro-
ductivs railroads in the country.