New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-02-14
once of the Hudson River Railroad Com.

reached l-l, acccflllg "
which undertaken. lis necessary 10 morssse ne
work G, procure f1rds f,r completion. Ii Pseing pro
pCsas FOR hat before The public proper ins
statement should be submitted o. he money heh hss beer
received sud u he amer a which q las been -
tn. hey DO IN synops. o. N. q ne h0oss ~ ne
Company 90 he 5llt herewith presented 10 sppenciees
ard 3
TIE amount IN .rresr on the subscription. ssocs
VII be seen. hist um- So 40 These srresrsses
havs rect y bee Investigated ~ Committee spPoiut-d
10 collect them.
81 ihe.r report ,ho~a that TN. hsd accrued
81 shares The resforsoiiy Of the holders ot Inese
scc - Circumstances causing The delay n payment
have been sso carefully .cruuni'ed Ard 70 he opinion
ofths Committee thsi
s5 s due on ~ shares. w ~ realized 70 The Of
the present m nth
Thai he payment o. most Of
Sg7N due OF 1913 .ha-. viii probably he more prousct
- hut the CO lection Of The whole, within . few
months they consider uncouoied
Thsf th. col eci.on Of
- 80 Que on IS shares. temporarily su'Pended by .snd
ant other aims the Company sud = daily pro
crossing by ne Liquidation II such claims.
ThN ihese ihree classes present an sggre.se
s,oa7. of : So So. which e considered sssilsnl, /
snd The Committee rink hist Al less. lwo-hirds Of
As srouni may De- collected ~iihln ne ueN' 'aiee
- $50 due on o.. .hsfs. he holder, Of -hch have sed
cannot BE- found snd IBIS arola' = ecr'idef~s
bsd Or doubtful
By sddus to tie ls,er the 9th snd 10Th nsiamsrs on
these shares makes the Of 81 40 IS he prooaos-
uit'msie dsfAlcsuOn ne original suhscrpuVn OF
g. oi6 SO But he 81 ,hsres forfeiture viii Re
come he property oi he company ne efrc. OF honpay
% them vii he ere reduce Tho actual csps oi
The Company 90 >--osIII. With gain o Nl-sftNf NC
amount paid on he 'oefed shares TIE Comiuee i1nho
on examination that ouy e shares I'D passed cut otihe
hands Of The original subscribers snd s he ~ per ceet
hst been paid al bur a. shsres On Ella OF which ~
per has been paid ard s % he remaining ~ shares
only no included 10 the doubuu hss thu. showing nat
where na subscribers hsve "a tered 10 ne confidence
10 s vss n heir stocs or sale. have eeen
from other causes parties have been found ~ns 20 assume
Il vii be seen 'hsi $4,000 Of ,,ocs has been ssesd In
addition The grs puOn Tor the purpose OF pay
log interest 10 the 'ocshoa,r' d1rng Construction wasn
h..h a at
the amount II such and the niees. Hh-h hss &C
crued on he deposits 10 the Trust Company
The Of stock made under the special provision
therefor hs amended ACT Of .oh Nsch Sfl suihorHns
he Issuing Of 10 per cent on me crsii Subscription io
paying interest % Witch shout $4,000 now rernsin a. ne
disposs of The Blsrd This Nil sufficient 10 meet such
payments due 10 May and November next shes WHICH
Rom calculations made Of the pfobsoe income from NE
rosd 5 believed hat he receipts will be adequate 70 ihs
object 10 Il proper tO sfd thst This inisfes stock akrn
by contractors aud Others 10 payment 10 leu ot money
which monevs set spa sad applied 20 payment OF interest
A. % ~ Erpeaflre-rhst FOR the risht OF wsy nom ne
ciy To The Highlands generally and IN some instances 70
Duchess County has been most onerous 90 ne company
snd forms eadng feature In the enhanced aggregate cosl
Of the work eNsc0ns 10 his respect were submitted 10 ~
the early operations Of The osd TO prevent runous delay 10
is prosecution lis shown lhsi the ouilsy and tsms
yes covers 69 miles including sS miles, which win hn,
public spirit granite by the propheiors without
charge Only $40 miles south q Poughkeepsis rem.n
settled FOR, of which the amounts 10 De psii o 10
miles have sscesined by ASSIGNMENT or contract al
The Aggregate COT of Sfh1 tud 6O miles remsn % he
ascersined he estimated cost OF about >sO more ne
VIII, cost Of and for the roadway from the point o begin
ming 10 New York ard nearly through town
Of P0ughkeepse will therefore, De about etSfo OF e's
lhsn 5000 per mile The difficulty hitherto expenencsd 10
TIM, respect las been essened the equitable provision
lately ace bT the Leg stature for assessing such damages
The recent awards generally ta.e not been
and the Board encouraged 10 ssieye thai hey VII no'
be for the future from the circumstance that very 20"
north Of Polg hkeepse where claims Tor serious
damages urged The cacu sou that the proporuon
ate cost Of north Of Poughkeepsis VIII be greatly
reduced Justified by the fact that for more Than v nio
the light OF way has been granted free Of charge OF con
rao,ed FOR sniin conveyed IN Duchess Coon.
~ inc which passes through several country seas auu
through both lsnding' At Rhneoecs and Includes 90 ~
grounds II ~ Them. for he anal aggregate 'un OF
20 or han $50 per mile, exclusive OF me coi1 ol
extending constructing sdock al kmneheck u 10 ho'
expected however the entire line above ghseepso
m, Ouiry 70, bon RAD or the 1900 ton. required 70,
The road 10 Poughseepse there have bren delivered and
paid for The residue Is being made and placed
along the line and the whole viii ready advance OF US
scusl arising from desire to put the road 10 opera
ton At he earliest period Could the Board have foeseen
the delays which have occurred In obtaining inc gnt "
way and Otherwise, aud the financial emoaassms n,s ~
Europe cousec tent their revolutions, hoy could nave
avaied themselves Of Tho depreciation, which occurred 70
40 extraordinary ow point In the value Of IRON and made
important saving IN The cost " his Item The contract
was made Ia A1sust loi1 Al price h.n Isssonso., W
0deed lower than paid by other railroad companies
Immediately before and Alter For various reason' II ~ss
deemed desirable rails Of American Manufacture and
the contracts made with The Tfsnon Iron Company
Peter Cooper President for twcthrds the quanuy ano
with tho N-w-Jsuey Iron Company, Dudley tu.si,
agent for The other third contingent agreement Wn
made with both FOR furnishing Ike proportion iof .ns us
above but that with the NewJefsey Company VIII Decono
imperative by is provisions and Tho company arc ID
neg citation have the other modified according 10 present
circumstances - 49,,
The temporary loan credtedn the account Of the receipts
It Intended pay Of from the collection OF inssmens
durn The prssen MONTH and found necessary arih
or osns can be .de anst install menis due In
Msy sni the company may thus be considered az pfovoeo
- b 6od. o meet all demands on h through this aud
month But rather THAI resort farther such temporary
loans been decided 10 take measures To raise
funds. by a. ssue Of mortgage bonds -.
The and conditions which 10 proposed 70 Issue
bonds FOR $4,000 during the present month Will be pub
.hed 10 few days and FOR the fl Information on Al COO
cerned the special Legislative authority, 10 mortgage and
issue convertible bonds, 10 submitted rs follows
"9l The sad comP. ms, oorro~ from ss % un- are, a.s
ng called and r'peniei 10 nalon' ol a.n w 80
VI 80 ComPsny such farther sum Or sun. o nry q p ~
c- complete SAD road TIE "eo' DOT sIsssis tas s u
cure pg and nossgas TIE property o. sad Com
Fsny, such other manner a. hsy 'h.I 1s- ~ 20
500 - So,r. N sa sosi Re, may .sa, o .ny money %
INTO STOCK % SAD es.Pan, ~ ~ i'as t. 80, ~
ilf- ri s4eh bout anier al'i regulations A. - Drf, np "
dt 8 adopt porpos the si oat,a mJ from tr
m 80 torroe-s holder, Of sct bonds shall ssi b
he into STOCK snt SAD COMPANY ma az tme an
tl1a oi obtaining such .osas'
Copies Of mortgage proposed 70 be ssued 70 JAMES
BRouS, SAMUEL HoWLAND srd HEsRY {. DE- KHAN,
fsq. In uus sad Of The bonds, VIII BE- ufnlsned a. ne
of. Of The Company Provision 10 made 10 the mortgage
Tor an issue Of sioeoOo q bonds under ~ wnsn zoe sa
million; ard the mortgage $50 dra~nss 10 retain IN inc
band. Of the Bosft tho option Of Withholding INC conYer
bio privilege and Of reducing crate of interest 10 ianfs
IN. Board will add little possible 10 Tho preceding
ateeut Of hsr proceedings and present object some
thnz a.to Tho progress II The WORK will b. expected
that may - summed up, By saying hat u 10 und or
contract and u construction ~ POnshkeepse
The progress made 10 such construction large nonb-f OF
HI. holders Witnessed By examination Tor themselves
% tho 18Th November since that peod, say from the
"a December 70 he % ut ths daily syefsge force EN-
oloysf % tho has been 4J9 and ~ teams from
which estimate be formed " hn~ much has snce
BEEN ACCOMPLISH As 10 the remsinng distance only 81
miles 70 extend road 10 point opposite Albany ne sur
yey, and maps completed and nied In The Cefts VI
So. on he fesoscrys Counties through which the road
pa..ss and he legal location VI The whole route thus
complete,
nr,spect opening the southern division Of The Road Tor
business 4ld he approximate cost OF the ~boi1 WORK me
Hoard refer their report 10 The sOcznOders made IN
June at 10 which tn-y stated hat more man Tho orgna
-.umste would BE- found Necessary and tna 70 put The
Road 10 operation POgghke.pss rs miles the most d
fcut and expensive psn " The ~hoe AZ miles, would re-
OURS about f9ur utoas II tAI' and that 70 pat 10
operation 10 Albany would require about 81 S TO- accord
NJ 10 The revised estimates OfAs Chief kngnesf founded
90 he adoption ofs line different from hat originally COO
uzhkeepse and sso from the enhanced
cos Of nghi Of way below hat place THIS ne sstnse
of he Chef II gne-r 81 the presen time The Bod COO
arm the report made 10 Jane IN a. respects, excepun2 thG
hey DO uot prospect VI being able " open ne
Road 10 Poughkeepse III ne ensuing saumn Iho1sh they
will 20 dO1b, DO Peeask 10 the month Of Jpy snd
hey spprehend difficulty IN completing 10 Albany iof
tho MINER business VI lsI-3l. ,
Cntrac. AVE be-r ads Tor the necessary locomotives
ard Ears 10 operse The road PoUghHeepse add progress
made 10 tie buildings Necessary 81 he terminus Of steam
power a. Thny-secOncst and subory las oosn oDs1neo
: -. ~lff kl.(N = IN Ay