New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-10-04
wa Excess N Is,3.'......'s i.iss a.


Local Fret st... scs a. Locsl FfelgAt AN q
Mail Service. % -. Msi Ssrvice.,..., ~ =
Total ,sis,s Isl ;;;;;;.;;;siA'.' IS
Excess ia l'1......t.t.t+.. sl,les a.
The lons-eNpccied report ON tie coalition q
the Reading Railroad by Mr.. n. A. Nesi h., made 10.
appearance. accompanied by report from the Pres
dent Of the Company, showing ihe business Ct ths
road COR the drst halt year Of 1872 The rcpcrto; NJ
Neal very elaborate and Is ,,ldeasly made With
disposition To hold back nothing calculated 70 throw
light upon the mystery which has heretofore engslopcd
tho concerns Of this gigantic enterprise VA, invesii
cations went back to lsii and tho report before %.
embojes the results OF his investss atoms from h,,
-tns up 20 the present NJ Nesl has evidently no IN
t,n,ion Of msSipg the saau OF the Company appear
ans better than facts will uly iasuly Of denJios
taAt great errors have been committed by persons
having the mansgen opt Of The road. Certainly aihs
bes the matter bad enough. The President IN tp
report says
The Managers having carried into effect the resolution
sdopied AZ ne iast nnaaa mee0ng ioI We Pu'sos v
finding he floating debt OF ne ComnNny, ne resnns
debt la, thus been landed excepting amount ~hicn
viii soon be paid from The assets reserved f ana aPpo
prsied exclusively 10 thsi purpose
Tas Of Bonds due IN 1880 has been Increased b.
set ereuis made with psruss who held Them 80
security OF this issue, there are $50 $500
now outstanding az collateral security TO- the payment ~
ofihe Bonds which hai been .cid payable 10 1883 al
have been converted into preferred snd common soos,
| excepting seo Geo, So sahodled BY ne sioeshoeers
OF ,uch Boads here outstanding collateral
hieh Will be returned and cancelled as he doel' mature.
rtese are also Bonds Of other issues amounting -
$4,000. pledged Tor no same purposes .n1 under n,
The gross receipts TO Jsre 50 were
tof Coal transported s1lossi ~
Merchandise ooss y
$50 :.
Hsaas car. IN ,ie city. ard At Rictmol5 Sol :,
Valley Railroad passenger uain.......,t.,,.. -,l 30
Deduct sss..,,7 ,.
rrsn.oorisuon expense. $50 e5l !.
Repairs OF road-w ay............'.. 49, ..
Sonaas; expense. Of one. Poll i..o
srrors in biz. for trs. ht ana tolls. "a y
Motive power on iiersl roaas...... 80 9.
Interest on foang ceOf.....-...- s2fs Nos-,S5 =
1851 II
lie" Coupons Tor Int due b, July lssS. g7le25 O.
9i.Ssod n y ss u
csrtsd action OF tho operators IN Coal this u.a; ~,
G9s. eo,rey suspended ior nssfy 20 moaIa. a..
p-nsige and lssst productive.
There have reduced The profs to limit tbs
semi aonu. Dividend the Preferred stock 10 p per e
which has been declared.
TIE fcls saed lead to tho confident conclusion
dividend Of II per cent on The Plsieneo stock tmssps
per cent for he year, DO paid IN Jsnu"y nes u
will require only an Increase OF pfohts VI 1919 90 10
business VI tbs las, hall Of he year
In rslston the Bonds Of ic50 the President Gays
Their payment q. maturity 4. 40, anticipated and csoao
be made
The expectation ,bat arg. portion Of lhe'- boads
realized and hose pate. VINO entered Into ne
menl are undoubtedly enuied 20 DO put UPON he rms
footing q. no holders Of the Bonds Thssecurfes which
they surrendered have been cancelled but aoy propo Too
made 10 these bondho ders Will apply g ne Pfsferfsf
Stock which has been issued for BOaa due 10 1870
Win sysw u tns Adjustment u these Bonds The Mac
sgers propose
lat To Essue IN payment Of them sz.psrceot Bo1is
tintsrest o. M annually payable Ia 1910.
~ To secure tbs payment Of these sond. BY nodssg.
Of sinking fund Of $500 per snn1n, upon tho
suggested By Mr. mol for four years aud so orz there
after the Bonds due Ia 1910 b purchased under pr
Tho President expresses the hope that the
spirit BY which The previous embsnss.nsnts Of its
Company have been overcome will be- MAINTAINED.
that the holders Of these securities will promptly
cede 10 this proposition The general account q Its
rosd Il 40 annexed.
hfioad 81 a.
Locomotive Engre and csi...'...... s1ssis
Real s1ssie
s.oes,.....Si 81 800 sh,rs. .zisii1 50
Pref STOCK a., 10. 215sf.0 Dc-sBsil7 y
Bonds per- ':-' is.a io... 1860 1860 %
.. >. .. .. i i., Co. Li iso 6c9 20
i 10. ~. g.. 2s $500 %
80 isia, -, CO.. $4,000 oo-ssl,Sor =
Mortgages ca Real Estste..... ssgoG
Total ......................... .sissT5i's
Debls doe by The Compsoy...... 5I5fSi =,
Bal nans?of~ro SCI v June 80 S657s u
~ Iotsl..... ...,..,.... tSSnfo6 70
| Dcc1ct AssrLs On Rand, ~
CASH A Billsrece ysDc 81 -
SOCKS .................lb5,5i5 y
DsOts Que 70 the Company.
el3f.Je6 %
Estmd lo-s n, S73 76-1rgesD
sli ; 900 bonds 10 be -o!d
IN which ne Discount
mas been chsrged....i1tf0 m
Doc BY Transportation
| Onlces ..-............ g. ia 81
'iat-fisls on n.nd..... ex<.f "a 2so.557 q q 4.
Iosl ............................sa s7sM 81
Il VIII be seen that there are suI s26g37O0 Of tDs
Bonds q l'JO-5o which have no, been converted By
holders into Preferred stock, and tnls attempt ,or.
range that debt rsy be considered 10 have failed
hf' Meals report extends through forty coo pss.s
and co1tAsns so much detail that shlr sbstrso, 81
cannot be given. IL contains every item Of the COZ
sTaetion account general account, income exp.nsi.
'afe' debt Interest, e. in great detail and ssy per-
son who studies IL carefully Will be able TO solve 10
problem OF the great yearly seresse Of the genera
count Of tss road. The insiigs.ion may not be ssI
i,'setory TO those whose property involved. ta,
Mr.. Nss! remarks:
1-en AtI % pa. cinso be recalled win eay a1,sa-
ssse effofs nave occsneo, II Expenditures have beec
sAasssssl, % even Dluproref fraudulent cEsfsr
SIS oceI preferred ed allowed, exposure now wosf
NJ remedy 10 IA - presect that is - b Investigated