The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-14
NV YoNs AND ERIr RArLRoAp

Do. do. in isis we're 2ei2
appears by this that there has been increase In
each Of the past three years and Il Is altogether likely
that the running expenses per mile will, this year,
1872 exceed that for either Of the previous years Ac
cordng to the above returns Of receipts for the first
six months Of several years past the earnings Of the
last six months In 1S46, az, and as have been little
larger and the rate Of receipts for the last six
months Of 1912 will give an income OF s3T4e9s, which,
added to the receipts already reported for the rst six
months gives aggregate for the year Of 5000 26.
Nov, prepared to show, upon the data Of pre-
vious returns that nearly quite the whole OF the
will be used up in the payment Of running
penses and repairs, leaving the interest the debt
and stock Of the company to be paid out Of
or by an increase Of the capital. IL appears
that the expenses in the hrst three years ranged
from 60 to es per cent, a short road, where
the earnings per mile to q fair amounts but that
proportion will not hold good long road where the
earnings per mile much reduced To make a
calculation upon such basis the receipts per mile
should be the same. We, therefore, base our esti-
mates upon the expenses per mile in 1S4s The Erie
Railroad IL $40 miles long and the facilities
for travel and transportation Of freight have to be
kept up though the traffic double what II vii
be. In ls4s, the running expenses and repairs per
mile amounted to SAGA and at the rate this
year the aggregate expenditures under these heads
would amount to s63sOso. II is our impression that
he expenses and repairs per mile, this year, will
eeed those for 1s4s, as II lie well known TO those
qusinted with the system Of management, from
end Of the line TO the other, and the waste and
extrsvsgapce visible In every department that
the expenses viii be greater In proportion to the
length Of the road than In any previous year. The
high grades require tremendous motive pswer, and
the and tear Of machinery is immense. The
absence Of proper and sufficient turn-outs causes q
great many collisions and destruction Of locomotives,
and the condition Of the track Is such that the Of
repairs be large Railroads In the United States
never appear TO be completed One Of our best engi-
neers when asked how much Of such line finished,
replied not mile; and in explanation, said that 80
many miles had been constructed, but anished.
There Is truth in this remark than appears st
FIRST and there IL not railroad In the country. TO
which 1t will apply more forcbly than the Erie The
track Is laid, ard that Is about ALL Not mile Il
GRAINED, and frequently hear Of rods Of the rails
being ripped up, by some arrangement in the manage
ment aud not oDehslf the accidents that happen
road per mile In 1sie s2992; 1877 - esq., lsis
s42Ul; aud, far judge, from the
cepts thus far this year f,r lS4o they will be about
So PER mile; and the expenses have previous
~ mentioned about s2642 per mile This the result
sniicl sted by u best railrosd gaeers'
believe 10 will be realized In the event OF the
receipts this year not exceeding 500 there will be
dehoirtey q full million Of dollars in meeting
the eurIent expenditures Of the company The inte