The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-27
on til. part Of .h. stat. shs.n, m. rhilsd.lphis

pAak shcud hays tsssn tie responsibility znd psd the
interest st maturity it Ia however, only another evil
dsncs that all who depend upon banks in danger Of
being brought into difficulty.
Those interested In the Hudson and Berkshire Rail
road making strenuous efforts improve that road
by having it relsid with heavy iron rail- The COM
mittee appointed at meeting held in Hudson to
fer with the stockholders Of this city have been very
successful 10 their applications and there every pro-
liability Of the object in view being accomplished
majority Of the stockholders in this city have signhed
their willingness to pay tho whole amount-$l0 per
shsre-authorizsd they generally believe that the
increased business Of the road when the heavy rail 10
aidwil be sufficient to enable the company toliqudate
ultimately, the total indebtedness of the concern.
The amount required to relay the road and put II in
complete order Is $225 O0O To raise this the stock
holders propose to advance and to bonds
authorized by the act Of December last, to the
amount OF $4,000. By the provisions of this cot
these bonds become tho first lien upon the road,
to take precedence Of all other claims. The bonds
are to be made payable to the Comptroller to be
registered and countersgned by him. to be In sums Of
$1,000 EACH payable in twenty years. with interest semi
annually at the rate CT seven per cent per The
road and s appurtenances have already cost $3.50 900
and the loan will not only have lien upon this
but upon the property for which 1t will be expended
The earnings of the road in eight and half months Of
1916 $4,000 1t would not be extravagaut to es-
innate at least of hundred per cent in
the business of the road, after the rail Is laid
which would give gross income Of $4,000 or net
income Of $1,000, equal to 5s per cent the aggre
gate cost Of $67 OOo that email increase over
that income would give the stockholders good dividends
the investment. The business which this road would
get If 1t In good order 10 driven to other chan
nels is stated that four ths of the travel of Hud
to and from Berkshire county and New York. hsv.
been by the way of Albany 1t Ii estimated that upon
the completion of tho Hudson River Railroad the bust
Of the Hudson and Berkshire Railroad will be large
increased but do not agree with the stockholders
In this The Harlem Railroad will be completed years
before the river railroad is and 1t will interseot the
Hudson and Berkshire road east of sockbrdge it will
Off the travel from that point to the city of New
York The river road in the event Of its being COM
pleted may slightly increase the business Of the Berk
shire road, but not to the extent anticipated.
The annexed statement exhibits the estimated in.
come and ofthe Hudson and Berkshire Rail-
road Company made at recent meeting of the stock
holders for the first year after the reayng of the heavy
rail-
HUDSON AND BERKSHIRE RAILRAop.
Assume the present income of the road for 81 months
Add for aX months winter business on the com
pletion Of the Hudson river road. ......... $4,000
Add for passengers for New York, now using
Western road, and will use our road when re- .
laid, 10 persons each way daily. 5000
persons eso6 way daily. .............. 5000
Add SO cents on 1000 passengers now received
and delivered at Chatham. ............. 1000
Add for 1900 tons of iron rendered certain
BY iron track. .......:........ $4,000
Add for general increase Of freight and pas
ssngers, $500 per month. ............... 5000
$4,000
Expenses Of operating road per
SlI,OOO
Add for increased business, 80 per cent
expenses. 5oU0
| Interest on bonds. ............... $4,000
Interest and sinking fund duethe State 1000 $4,000
For dividends on stock eouai In q mar mn