The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-10
Surplus receipts, 1916.


There was also paid for brokerage and commission
$4l2 l2 for extra overdue rent to Jamaica raroad
$723 81; damages by fire to adjacent wood lots, $2l
96s 32 and for interest the debt $44 6sl H making
total expenditure for the of 1851 So4 a. or $751;
27b gross receipts At this rate of expenditure the
dsbt company rapidly increase and from the
present appearance Of things there little prospect
Of much Improvement in the financial condition OF the
concern. The election for new board Of directors
takes place the 10th inst and the stockholders are
making greet efforts bring about complete change
in the direction with the hope that change in the man
agement of the road will produce Improvement in the
condition Of the company. committee OF five from
Boston, representing the stockholders Of that section
will attend the election Mr. Weeks resident of Long
Island is named for president and is very probable
there will be opposition to his election as the present
incumbent Mr. Fisk intends to withdraw from the com
pany. Mr.. Weeks is highly spoken Of as man cscu.
lated to do with all the preudces now existing on
the Island against the company.
The gross receipts Of the Erie and Kalamazoo Rail-
road Company Michigan for the year lsa6, we're sat-.
ia g. and the expenditures $25 a25 40 The original
cost of the road and fixtures was $275 0OO and the
amount Of stock paid in $4,000.
The increase in the value of merchandise exported to
foreign ports from Savannah for the month Of January
lsa7. compared with that for the corresponding month
in 1885, 10 immense amounting to about three hundred
per cent.
CoMNEnoE OF SAVANNAH GEo-vALys OF Erronrs:
/. /. ts;:ss sss SEQ s ssi;s' &
Totals. .... s2sa, 224 81 slOss,sA a 77s.sas 90
appears by this that there has not only been very
great increase in the value Of merchandise exported but
also in the carrying trade OF the exports in January,
s4e the shpmRts in foreign vessels nearly double
those in American vessels; but this year the thing Is
versed the shipments in American vessels being nearly
double those in foreign vessels.
The completion Of the Illinois and Michigan Canal
will be matter for much congrauaton to the citizens
Of illinois, as it will connect the waters Of Lake Mich
gan with those Of the Mississippi river and open the nter
or Of Illinois to the principal markets Of the Union An
immense ammount has been expended upon this work
by the State without having placed 1t in condition to
be any service. It has been made under the influence
Of individual enterprise and private capital very vau:
able work of internal improvement and by the judicous
expenditure Of small amount, compared with the pre-
vous outlay has been made available its entire length
At time in the history Of Illinois has there been
period Of greater necessity for work Of this kind than
the present. end the recent report Of the trustees states
that will be completed in time to convey to market the
products of Illinois this year. Millions upon millions Of
dollars worth Of breadstus will find their way from the
interior of Illinois to the seboard by this route and the
aggregate wealth Of that State vastly increased As
pdly the population of that State has heretofore in
Creased II will receive impetus by the opening Of this
canal greater than ever yet experienced
The annexed statements in relation the
sc ON the Illinois and Michigan Canal we extract from
| the report Of the trustees -
| ILLINOIS MICHIGAN CANAL.
Cost Of Calun ct Feeder. ............. IOl s47 6o
Cost of Kankakse Feeder. ........... 40 7oe %
Total cost Of the work. 81 sll, lso 90
which includes the entire cost Of superIntendence, &c.
/ nj m avn dad IN naA
Fer contingencies, SC. .....~. sa0sl as-oo497s II
Amount remaining to be done. 49,. .S7o6,ls 81
Forty sections, equal TO 2o miles, also divers dams
iers culves substructures and superstrucures
Of bridges have been completed since the resumption OF
! the work.
the Chicago river for supply ing the summit with water
S46 900 TO- and the expense OF running the per
The amount paid by the subscribers to the loan Ia
| 81, 090,l64 80, az follows -
by new York Subscribers. ..........$a 7s sal 81
By Illinois subscribers. .'..'....... 94Slo 81
BY European subscrioers. ............ 72l5i2 50
The total amount received from all sources.
account OF the canal Is. 81 ,l05,35S 81
Amount expended. ........ 80. 5a7 TOO 80
Amount unexpended. ................ So, 6s7 II
Duo coni"o'ofs. 654-9 81
Amount unexpended Dec. ], ls4e, ~ s4sa "a, "a
Amount Of bonds registered in Europe. 5Aa sss IS
Amount Of bonds registered in New York ssl o36 az
Amount Of bonds registered in Illinois. so s2s 90
Total OF Registered bonds. ....... 50 7ae asa 81
The amount subscribed to complete this work was
$500 Co., 1t thus appears that the amount required,
according to the report finish the work. s2s $50 10
less than the amount subscribed This reduction in the
cost has been caused by adopting the system Of supply
ing the canal with water at the nit by force Dumps
&c, instead Of cutting feeders. Whether this plan will
work so well as the engineer anticipates, or not time
only will determine but great fears have been express
ed by shrewd practical men, that feeders will ultimately