The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-27
LONG ISLAND RAILKoAp-Gaoss Rrcsrrrs.



Total ..... ..$lis $50 I4s6ss I5soSs
This shows q small annual increase in the gross in
come; while tho expenditures have been largely 70.
duced. The reduction Of the debt has reduced the
payments Of interest," and the economy exercised In
the transportation department has given the company
larger net income from the revenue. The re mt
Of the Brooklyn and Jamaica road has been reduced
rom s33 800 to S21 600 per snnun, payable monthly
and one seventh Of the receipts, over and above
$4,000 per snnum, until the gross amount Of rent
shall reach the original smount-$33 80 deserved In
the lease.
The company having abandoned the steamboat bust
ness adopted by previous boards perfect the through
line to Boston, have disposed Of the boats and applied
the proceeds to the liquidation of its debt and have
since looked entirely to the local business Of the island
for income. This has steadily increased and is ucrea
Ing A great extent of land through which the road
in the middle sections Of the Island to wit from
Farmipsdale, in Queens, to Riverhead, In Suffolk
county, distance Of forty miles and covering an area
Of more than 900 acres now with but few sxcep
tions, unocoupied and unimprnved. The greater Dor
ton Of these lands possess all the requisites under
judicious management, aided by the great facilities
now offered by the Of the road for profitable Quilt
vaten; and extensive operations in progress by
enterpring individuals for the immediate settlement
Of the same BY an industrious and frugal class Of emil
grants, which, when effected, will give business to
the road which competition can divert from It,
We informed that there has been large sale OF
these uniDproved lands cossummsted within Q few
days past; that the purchasers able aud enter
prsng body Of citizens and that their object IL the
immediate settlement upon them Of German and other
industrious emgrants arrangements to which end are
now In progress; Is expected that large number of
them will reach these lands during the present year
Under the patronage Of very intelligent Ger man
gentleman respectable colony Of German migrants
have located themselves upon Of the unmproved
and waste lands the line Of the road during the
last year. and their Efforts We are happy to learn will
prove entirely successful. Extensive arran yemeuts
are also in progress for the OF tho nu
featuring Of boots and Shoes other articles of
ohsndise at East New York and vicinity, with every
prospect OF success.
These and other kindred facts warrant the belief
that the time not distant when the receipts of the
company from this source, Uts local bu,ness) with
economy and management, will reach q point very
largely beyond Its present revenues
By nursing and encouraging In every proper way
the local business Of the island this property may be
made productive to its Stockholders and to this the
management has given constant thought and effort
This road forms part of the shortest and mott ex-
pedtous route to Boston, and the company have at all
that CITY provided they could have reasonable share
Of the fare, and not called upon take any In
terest in the line beyond Greenport the terminus Of
their road TO this end partial negotiations have bssu
had during the two past seasons with the Of the
connecting eastern roads and steamboat lines but
which have hitherto ended without an arrangement
Recent circumstances, however, indicate that some
thing of the kind will be carried during the coming
spring passengers will be regularly
between New York and Boston in eight and half
hours with perfect comfort and safety which in con
edersbly less time than be accomplished by any
other route. Should this line be established the
coming season, the to this company
from that source, will doubtless be Handsome addi
ton to the local business before referred TO- and to
which 1t is now confined, and hasten. of COURSE the
period when there will be distribution of profits to
the stockholders.
The road is now in good working order-bet than
ever before-sbout $4,000 new mud stills or ties having
been put down since the LIST May last and several new
turn.outs for the accommodation Of the increasing
business on the lac of the road.
The company have hand fuel ties and other
materials valued by the superintendent at 50 $40 So
applicable to the services OF the company the ensuing
year
The depot buildings have been much improved dur.
ing the past year. new passenger house has been
erected at Jamaica, where 1t was much needed,
and the Brooklyn depot much improved nd enlarged
considerable saving has bee made by concentrat
ing the offices OF the company at the depot in 8eoo.
lyn. Thereby avoiding the large incident to
having Office in the city of New York. while it Ia,
insured more perfect overssh Of the details on the
part Of the officers and agents Of the company.
Stock Exchange.