The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-07

close of s47 $42 1885, while the average cost per
mile OF the railroads in this State up to the close of
ls47, only $2727O. The annexed table gives
comparative exhibit of the length cost earnings &C. of
the roads in each State during the past year:
RAILROADS or NKw YORK AND New ESoLAnp. ls47.
Mw York NeW England
Length Of road, miles 67iS s,s so SOL ~.
Aggregate cost. $40 o5soo9 Sso 9o9 900
Average cost Der mile $500 2727O 42,lSS
Average earnings per mile 47I2 6ls6
This comparative statement is decidedly in favor of
the railroads of this State. We have included In the
and cost of roads in the State Of New York the
Albany and Yves. Stockbridge lne and have not includ
ed it in the aggregate earnings had BEEN the result
would have been still favorable to the roads of this
Safe The dividends of the railroad companies Of
New England show that the dividend paying lines
profitable Investments and the aggregate per cent ex
ceeds that Of the roads In this State.
The report of the Norwich and Worcester Railroad
Company the past year not included in the above
statement. We give II annexed:
NORWICH AND WORCESTER RAILROAD, lS47.
Gross receipts, 'S2Ssss5 Se
surplus. .....'...... eoe,iVi o4
Length Of road, 81 miles
Amount Of funded and floating debt. .$osS BAT 81
Bonds given for subscription to the stock Of
the Nashua and Worcester road. 200 600 90
Bonds for steamboats, bought of the Long o. -.
Bonds for purchase Of the Knioksrbocksr $4,000 90
Total debt on account Of the road proper,
for boats and w. and N stock. 81 ,SO33H 81
This Is by means very aatering exhibit the sur
plus being but about one and half per cent on the
capital The company have petoned for the liberty to
issue thousand shares of stock and in the event
of this privilege being granted 1t will not be difficult
matter to tell to what point 1t will recede The income
of this road appears to have reached its maximum In
Is 4s the gross receipts $l5O43s in 1884, $al2
s45 $2al $685. 1916, $a42 237 ls47 $2s4s96 There is
possibility that when the Worcester and Nashua Rail-
road opened the business of the Norwich line may be
increased.
The business Of the railroads of New England, now
In existence has nearly reached the maximum the
rapid increase of roads must very tend to re-
duction in the receipts Of the old lines and the aggre
gate income be divided There several roads
party completed, and there moro than dozen pro-
ects before the Legislatures of the Eastern States for
lines that will into competition, less, with
those already in existence In this way, the income of
each road will be reduced while the aggregate may
show moderate increase The railroads Of this State
favoraby located and their business almost
unmited the geographical position of the State Of New
York, standing between the New England States and
the great West gives its works of internal improve
ment advantage superior to those of any other State
in the Union The local business Of the Eastern roads
FIRMS their principal source of income, and as that
becomes distributed their receipts must fall off, The
through travel that drawn from the West and South
is confined to two three companies; but there is
probability Of even that being more divided very soon.
The in the gross receipts Of the roads of New
England, in ls47, compared with 1885, was $l,2O4lsl
equal to about thirty per cent? while the increase in
the gross receipts Of the roads of this State in ls47
compared with s4s $751; asa, equal to thrty-six
per cent appears this that receipts have been
alrger per cent, Notwithstanding the apparent pro-
ductvsnsss of the Eastern roads, compared with those
Of this State
The various tax ordinances for the city of Baltimore
for having received the sanction of both branches
of the City Council, tho amounts Of the different eves