The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-19

tn, nc from 1914 to lsab. amounted to S43s $50
being about twenty-five per cent; and from ls45 to 1896
S272sso being about twelve and half per cent There
hut railroad in the above list the receipts ofwhich
were not in s46 than in ls45 and that exception
Is tho sarItoga and schenectady
Every railroad in this country matter how unfavo-
rabs at present may appear their location eventu
ally pay G cd dividends Nearly every railroad in the
country earned money in ls4o than in 1885, and
far this year they have very large business
pared with the corresponding period in former years
The activity In the grain markets has given all rail-
reads any quantity of freight and they have been reap
sng avery rich harvest Every road in the country
which in coed hands, must improve in value and pro-
auctivensss they so intimately connected with the
trade and commerce Of the country that they must i'm
prove our resources become developed and connec
tons sde between different sections of the country
The business Of the railroads of New England almost
entirely of local character and they pay better div
dends than any other roads in the country Railroads
running in any direction from this city, or one in any
way connected with it, favorably located than
any others in the country and with udicious MANAGE
msnt cannot but PROVE in short time, highly pro.
duc.ive.
We have expended nearly three hundred millions of
dollars in works of internal Improvement in this coun
try some of which unproductive, some in an un
finished state, and some at present perfectly useless
All 1me the immense debts oil some OF the States
were contracted the public mind almost entirely
absorbed by the construction Of canals. The canals
built at that time at such extravagan expen
dure will in few years be almost entirely superseded
by railroads constructed in their immediate vicinity
New railroads are In completion In every part of the
country, and few years will sufice to complete many
Of the lines now in unfinished state. The capital
stocks of most Of our railroads, have been filed up by
subscriptions from the middle classes Our capitalists
very shy and touch oil works of internal improve.
ment cautiously; and generally rich are unwilling
to part with their money, unless immediate returns in
the shape of dividends guaranteed In consequence
of this principle prevailing generally the system of
paying interest upon all instruments paid in upon SUBJ
scripions TO railroads. has been adopted We cannot
but condemn this system as it is not less than
paying back to subscribers in the shape Of interest part
of tho principal the deficiency produced by these pay
mens having to be made up by increase Of capital
stock.
The Hudson and Berkshire, and the Buffalo and Mia
CARA Railroad Companies have made their report to the
Secretary Of State.
HUDsoS AND BEsKsHrRx RAILROAD.
eng'h Oh road IN operation during the season, 81
The cost Of construction including outfits, ss7s sls 10
me eI amount paid for construction and cars for
i'o' 49, ................,,., 400 90
Receipts from $50 through passengers. 1852 m
I4.706 way saSS a.
freight and other sources. -. % sos 90
OF repairing and running the road. n 600 90
NUMBER OF locomotives used by the company four
- BUFFALO AND NIAGARA FALLS R.uRo.n
The length Of road, ~ miles
'" ue"oh 10 January i, le47. S205 902 %
"o"' ~ eio passengers. 20.s40 81
-" % ne,gh' &C. ...... 33l4 81
"ais' '.'...... 800 90
rrr,o,, ,,,n... $50 e55 IA
h,".,o. = TX 1asii. ..,.....,.. 14,644 80
Wy P'o ,pr dividends. ............. IL OILS az
NunbtI of locomotives three 'o 10
Ihe Hudson and Berkshire Railroad Comrsrv ,or.