The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-07

New YoRK. HARLEM AND ALBANY RAILROAD. ,o,o
ski a;sS -; Is; ss5 ,sss l Hs s s;s
Total. ;. sal al IS aao s,,is NsOa Soals
This shows an inorsass OF nearly two hundreo per
cent since lsalan of nearly enc hundred per
cent since 1916 aud increase thus far, of about nifty
PSF cent the receipts for the corresponding period
ls4 An increase to this extent throughout the year.
would give aggregate income for s4s Of about three
hundred and ninety thousand dollars. This, however,
exceeds previous estimate which still dis
posed to ashore to, VIZ three hundred and nixtyfve
Thousand dollars equsl to average Of thousand
dollars day throughout the year. 1t IL very proba
bic that amount will be exceeded, the arrangements
recently made between the Harlem and the New Haven
companies will increase the receipts very largely when
the connection 10 made which is contemplated by the
Fret of November next, far as Bridgeport, at oil
events Tho opening OF that portion of the New Haven
road before the close of winter navigation will to
the New Haven line and the Harlem Company, the whole
of tho northern northeastern and northwestern travel
during the next winter This is alone sufficient to give
any road good income but the local travel between
this city and Brdg must be great, the whole
Of which must pass fifteen miles Of tho Harlem
road.
b. the terms of the contract recently made between
the president and directors the New York and Hsr
lem, and the New York and New Haven railroad conn.,
panies the Harlem company are to receive fourteen
cents per head for every transported ON this
road By the New Haven company, when the number
does not exceed thousand per daywhen it does
coed one thousnd and does exceed twelve hundred
and ATTY twelve and half cents per head are b~ paid
and 10 on in sbou. the proportion Iii estimated
BY the New Haven company that they will average two
thousand psr day but as the average 10 not taken
into consideration in making tho change, the
HEra &c
the fluctuations. In regard to the transportation
OF freight, arrangements equally fair and sataiac
tory have been made. Whatever depot room the
New Haven company may want, and the Harlem
spare Is to be purchased Of tho Harlem at the original
cost price, adding interest from the original period Of
purchase by the Harlem tho time Of sale to
the New Haven company
double track from the Harlem river to che junction
Of the New Haven road, will soon be completed. This
Will give the main road double track Of fifteen miles
which will answer for the present. but the time is not
FUR distant when double track the whole length Of
the line will be necessary, to give all the fAcitss
quired to meet tho demand.
Fer the first time within the history Ct this road since
It nrst into existence 1t Is upon Its feet; 1t
able to 60 aone-to support ITSELF and nothing
arrest Its progress The bulls and bears In Well street
dpress and initiate prices for this stock we'll as
all Others but they cannot effect the actual value Of
this stock than they that of the general 60
vernment. They may got up bugbsars in the shape
Of chstte mortgages, to Tighten timid holders,
and the bulls may manufacture stories for tbs pur-
pose Of inAsting prices, to got rid Of what stock
they may have ct handsome poats but holders for in
vsstmsnt may rest assured that ths future fluctuations
10 this fancy will bs moderate compared with previous
speeulaons that tho depreciation will be from time
time limited and result entirely from the operations
bears This will, In time, disappear, and thu market
value of the stock keep pace with its real value.
In the fall nearly thirty miles Of extension to the
Harlem road will DO opened extending the line to Dover
Plains, point eighty three miles from this city This
will leave space of about forty miles to be covered to
complete the road between the two cities-Absny and
New York This will be q triaing affair after the other
e:ghty-ave miles completed and there will DO no
difficulty experienced in pushng 1t through. All Of
twothrds ofthe right Of way from Dover Plains to
Chatham Corners has already been offered to the com
pany end the grading is oftbo st favorable chsrac
ter It'll estimated that the whole cost of tho road,
when completed the real estate aaJ running apparatus
Of the company be within Ave millions Of dollars
For tho present length Of the ne there is not better
equipped road in the country and in the entire manage
ment there proper spirit Of economy exhibited which
ust be attended with the most beneficial results There
isa marked diffrercs between the present position Of
the internal external affairs Of the Harlem Railroad
Company, and that two three years since. In
fact, Il is only within the past eight or ten
months that proper ard successful effort
wss made to place its finances In proper
position. The unfortunate report made last Juns-
Q report utterly incorrect in the most important
poin's-prevtn.ed the csnGummaon Of an arrangement
at that time which would have funded the dsbt Of the
company and placed 1t completely out of the way Tho
complexion Of the report au ied TO, oId the character
CT the contract made between the old board and the New
Haven company had such Injurious effect upon public
confidence that any and
sold cut 1t Is true the market price went up after
for this well as all other faucies in consequence Of
the great speculative at that time but since
quotations have fallen lower than they had previously
roschcd years. and the bars have bad opporuni
cleared away and reaction has taken place in the
public mind relative to the present and value
Of the stock. Inc present management have had diff
acut task accomplish ard it is surprising that they
should have been successful amidst tn, tremendous
oppcs lion they have encountered, n among the
heaviest stockholders II has been up hill work far;
but they have smooth sailing and trust the Pre-
sident end most Of the present board will remain rep
little reward for their energy and perseverance,. Fu
ture boards will have little to do In the management Of
the affairs Of this company compared with the
or many of the past; and in few years hose who have
sson this road In all its phases from its commencement
TO its completion its me Of travail to Its hour Of
dcveranct will be sstonished at Its Anal suooers; and
many who Lave heretofore rdiculsd tbs work predicted
It's failure, and the ruin Of those engaged in It, will
gret that they did not becoms stockholders whsn Its
stock was 70 epornousy deprecated.
stock Exchange.
$1,000 Urea NOte'es ls,n 100 abs Fsrmen TT bs, "a