The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-10-13
Making an aggregate of expenses Of go.
$682,108 so

Az showing the net earnings of the road
Tor the year to be-. ............ $55l 55S OF
It appears that the gross income from the main
STEM for the year ending September 3Oth, 1s4s, has
been S1,2l3 66i 81 the total expenditure properly
charp thereto $685. 100 60 and the net revenue
1851 55S o.; chow ng an increase the preceding
year OF S1ll27 SO in the gross inoOms S7977 So in
the expenditure, and $40 $50 AZ in the net revenue
With the net revenue of $751; 55s o. equal to about
eight cent on the capital stock, the board might
have declared q handsome dividend in money among
the stockholders but the dire ction lieu
Of dividend to increase the capital stock of the
pany to the amount OF the applied during the
yeai to reconstruction including the extension the
south side Of the BASIN the alterations in the bed of
the road and to surveys and right Of way and to give
to the stockholders certificates or scrip therefor.
OF the whole sum expended during tie year,
count of the reconstruction Of the track ordered in
previous years, Si3S3s OF paid In bends S2OOOi6
fer the alterations in the bed of the road and $50 OO4
account of the enton of the track to the south
side Of the basin, payable in like manner and in
each case hepsyments made bonds at par, and
for amounts within the estimates of the chief engineer
Up to the 30th September there had been delivered
reven engines sixteen passenger and hundred aud
seventy one burden cans, account of which there
had been paid $l50,653 81 The reconstr N tiou Of
the track may be said to be finished accou ut of
which, bonds falling due January 1st 1867 for Sl3s3s
OF, and Sl64645 Is in cash. had been paid during the
year. About two thirds of the graduation and mason
ry in the Improvements in the road bed had
been completed, account of which s1l3 062 "a in
bonds falling due January 1st 1867, had been issued
and $40 534 60 bad been paid in money account Of
right of way and superintendence. The extension to
the south ride Of the basin about three.fourth
completed; and this account bonds to the amount
OF Ayanle hove had hean euad md
$50 569 IL paid in money.
tappears that the outsta udng gagements of the
company for the objects above enumerated amount
to about S2703 SO, to be paid in bonds and money.
The part to be paid In money, amounting to about
Sl66s09 TO- will to that extent be a charge the re-
Of the year ending the Both September 10;
and if to this be added the due for borrowed
ney, say $35, 600, and to the Washington road say
S22 427 H. there would be the sum of S2l4236 % in
cash chargeable upon the of the same year.
The total amount of the bonds of the company for
all purposes, outstanding, exclusive Of the old
lean for the construction of the Washington road is
$3.50 $40 20, for the final payment of all the
gsgements account of the objects already adyered
to- the aggrs gate amount of such bonds issued and to
be is,ued, according to the estimate and report of
the chief engineer, will not exceed the of s628-
173 II.
When the engines and ordered, as herein
stated sball all be delivered the motive power and
machinery Of the company will consist of % engines
of the 1st class of the ID, Is of the 3D. and 20 Of
the 4th 65 passenger cars 81 coal of wood
and 2O3 of iron, and 96l burthen Of all other
descriptions and with the road entirely renewed with
gle track heavy rail and improved construction
from Cumberland to Baltimore and extended to the
south side the basn thus stocked it Is believed
that the company will be able to do any amount of
business which they at present. have to believe
will be- offered.
During the last year there have been transported
on the main stem $780, 9s passengers, and I'll 2j2 tons
Of freight The proportion of expenditure properly
charg.ablc to revenue, has been 5+1s per cent The
number of miles run by the engines on the main
stem and Washington road, has been 1,039439 and
Of the 81 engines belonging to the company, during
that time, Is have been kept in constant use. The
cost Of transporting passenger per mile, during the
,ame PERIOD has been 092 cents and ton Of freight
500 cents.
The financial condition Of this company was, ac-
cordipg to the recent report as annexed