The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-12
sl3I,I7a IG5,2ss lGo,7a2 2s5.5l9 :

The receipts for the month Of December, this year
must amount to $685. realize the companys esti.
mate OF $500 Geo made last June 1t is highly probable
that this cum will be received, and that the estimate
will prove correct The gross receipts for December
last year we're S2O7ss. The increase this year. in thu
frs. three day Of the month"; tina one thou
saad dollars. IL this rate is confused throughout
more than the amount requiredto make up the esti-
mate viii be received When this estimate was made
was anticipated that the extension to Dover Plains
would be In operation ct least month the year. but
such has not been the CASE the increase having thus far
been derived from the old line of road Theincrease in
the accepts In the frst eleven months this year. has
pr cent compared with those for
the corresponding ps1o1 In 1si7
The annual report o. the Winchester and Potomac
Railroad Company made the 2sth of October shows
that the from freight passengers and mails
during the year, was 1877 20. Thi, is Nan the
venue Ct the previous year by So ei2aa Vim
rslly by the reduced quantity Of Ned;
there having been only II5,e07 barr Avried,
over the road during this year. The whole
thoroughly renewed with substantial iron
report says that the butness Of the compai
conducted with damage and less accod
sisT, ard, With one exception, in which III.
damage sustained nor injury suffered b by ne
the whole butiness OF the year has been conducted
The nnsgsment Of the financial affairs of incorpo.
rated companies In this country has ever been capaa
for loud complaint from those who have been ina
to put their money In them, aud insteai q
iy sxporisn nee to conduct upon core
pies the evil appears to be steadily increasf
meme amounts Of capital are squsndered In d. ~
reckess heedless manner, utterly regardless Of all
quits or the ruin brought upon those who have
trusted their property TO those who incapable Of
iod!ci0usly expending Il. Money enough has been
subscribed In this city 20 construct aud equip every
railroad divergpg from ~. Millions Of dollars have
been raIGed within ten years for the compile
ton OF reeds connecting this city with the North and
welt all ofrhirh have been expended, and the lines
but psr'isny esmp's'ei wh-.. h, ro....
ssry in the minds Of few capitalists and spectators
10 set ND line Of read, great furor Is created,
sftimstes the most favorable character paraded
~ autographed maps Manufactured, and the immense
advantages cf an immediate construction OF the roa
essdor prevent the trade Of the city elrg drained
away by cur nsighboring rivals. subscrip.,sn lsts
are hawked about. headed BY some Of our wealtb,-
and meet ditpguisfei citixens and the amount
required, after nnsnss labor, obiain.d By ssbsoriI-
tioB. Alta time, instruments ars called in and a.
hs esrly moment a. possihls the stock aes up Al,
scon a, ths stock IL all paid up and expended. pro.
fefss i'r "An Gre issued Tor The security OF witch
az re property ofthe oompsny u mor;gases and al.
'sra tueths money Il rsi1sd and ultimately sx2end.
Cd Iutsp't ugoa theaosk and bonds Ia pre uised
md 20 iorg % ths fands last promptly paid, or In
Other verdi taken out ct one Pceket sad pn, In an.
cIlsr IN the mesntims, tho eonstucton OF the road
progresses without much regard ,osoopouy Se., ani
eztravRgancs Of ELI Kinds rractioed until % IL disco
ssr.d that Tire amount raised Issues % stock aud
bords (whch s.timsted SUFFICIENT to complete
ard fgup the read has been expsndsd ani the work
but hsh hnished. Then commences The dlfculty
Morsy sirene crrdh exhausted bonds aad stock.selb
ira In he Hsrhst sta heavy dcount sndths ansn sl
teair'in an admirable state o. confesisn. amer IN
esrlpg along for time In this condition the sasnnxs
of hat part Of the read In operation appropriated
10 the payment of running sxpsnscs aud enormous
salaries 10 ohssus Thorough rsvolutioa Is made In
"~ usnt esn~"'-s r"- ~sc,t~n~ut created Ia cas
pubic ns'nl-s subscription stsr,sa-s Prefsrrd