The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-08-05
s.isss~ VA. ma Rasrrsaa.

The Annual Report Of the Directors OF
this Road exhibits the business operations
Of the Company in most fourishing con-
dition. We have not copy OF the report.
The New York Tribune gives a synopsis OF
its contents for the information Of Eastern
capitalists, who have investments in the
road. and we copy it Tor the benefit OF west
ern capitalists, who also have little inter-
est therein. t@
The receipts Of the months ending June
1st. 1913, were s113.O32. The produce
freight earnings were smaller than they
would have been but for the failure Of the
Wheat crops in 1S47. The falling Of in
flour alone in April and May was 81 ,S47
bbls. On the other hand the receipts for
passengers and merchandise were largely in
creased. The increase is steadily progress
sing, the receipts for the month Of June be-
ing S21, 10S %. The estimate Cor the next
5 months ito complete the fiscal year, is
put at $4,000 per month. making nearly
Sl5O.OOO, the gross receipts for the SIX
months, and for the year ending the first Of
December next, the sum Of $263.032 80
Against the sum Of S22l .I39 SO
received for the year ending LIST December, ls47.
ltisestimated that the connection with the
Mad River and Lake Erie Railroad, abou,
the LIST Of September, which will complete
the continuous line Of Railroad from Gin
cinnat to Sandusky, will largely increase
the business Of the road-this route for trans
portation being preferred by Western Mer-
chants, for its being the most expeditions,
and less liable to delays consequent upon
the uncertainty Of the Pennsylvania and
Ohio canals, (Which for two years past
have been frequently add to this the travel
over it by passengers going to the West and
South, there being a manifest saving Of time
and expense---the time required 10 arrive at
Cincinnati from New York being little over
three days. @
There is one fact in the locality Of this
Road which secures to il certain business
in the transporting Of produce and merchan-
disc, and from which no competition can
deprive it, viz: There is for each mile Of
road and distributed along its line manu-
factory, mill or distillery, and which largely
contribute to its earnings at all seasons Of
the year. The entire expenditures on the
road have been about /, 400. 900 dollars,
which has been raised from stock, CSC, 900
dollars; loan at z per cent made in Boston,
200. 900 dollars loan Of Cincinnati City,
1000 dollars; bonds, 10000 dollars
floating debt, 256, 900 dollars. OF divi-
dends there has been declared, payable in
stock in 1874 and 1915, six and half per
cent 1916, five per cent; in 1S47, divi-
dend payable in scrip bearing interest from
the LIST Of December until due, and payable
on the LIST Of January, 1850, Of eight and
half per cent, convertible into stock during
1S4S, "a portion already converted) leaving
a surplus Of about II, 900 dollars; on the
LIST of June last, advidend payable in stock
Of four and half per cent. leaving surplus
OF about $500 dollars TO be added to the
previous s,rplus Of II 900 dollars. The
srropose to sell of the stock
>the floating debt, that
ke dividends and con-
propose TO sell 5000
be stock OF the COM
"a act increasing
barry 24th, 1648.
to 500. 900 dollars,
are confident that the
company hereafter
1idends Of to II
that such will be