The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-16
Totals l4O.6s5 l77,4s7 lsalss 2bs6sS

Of 400 the income ofthe year previous
being nearly twenty-five per cent The estimate Of
the company for the calendar year just closed was
$S20000 and 1t will be that the gross income has
fallen but 1894 short. The company formed this e.
innate upon the superstition that tho New Haven
road and the Harlem extension would be in
full and active operation ct least one month be
fore the close Of the fiscal year instead Of which
the New Haven road was open only one week.
and the Harlem extension was opened the
last day Of the year. The receipts these sources
have therefore been limited, notwithstanding which
the income Of the Harlem company fallen short Of
the estimate less than Thousand dollars This is
pretty good evidence that the company have not
too eanguine In their calculations and the result will
give the public confidence in these hereafter made
Estimated running expenses, SO per cent Of
gross recelpts. 1900. 27l,9b8
Estimated net income, 1S49. .......... $T1,967
This sum would be large enough to pay the eight
per cent dividend In the preferred stock Of
and six per cent the old stock Of So This
is placing the aggregate amount of indebtedness at
1000 o00 which s above the actual amount; but it
is estimated that the road completed and in perfect
order Dover Plains provided with all tho necessary
running gear, and the real estate wnet BY the COM
pany will cost about four millions Of dollars From
Dover Plains to the point Of connection with the Mas
sschusetts Western Railroad the distance is about
forty miles, 1t is estimated that the road from the pre-
sent terminus to the Western road be constructed
for less than million of Idolars and learn that
the company intend putting under contract at once
By the amendment to the charter Of the company the
net earnings Of the road, after completion to Dover
Plains, must be applied to the payment Of dividends
first, on the preferred and second on the old STOCK
It 10, therefore, pretty clear that q dividend Of
some kind must pc paid to the holders Of the old
stock, next July If the above estimate is realized q
semi. annual dividend of three per cent. can, and,
without doubt, will, be paid the old stock, the
LIST Of July 1s49 The net earnings for the year just
closed amount to $15951s; the interest the debt
amounts to aboat $5s0oo leaving the of $1Oe51s
applicable to the payment Of dividend on the old
stock to the extension ofthe road 1t is the opinion
of many holders Of the stock that they are L.
galy entitled to that amount In the shape Of divi.
depd and they undoubtedly right. The preferred
stock estimated to be sufficient to the whole
amount Of liabilities and the cost Of improving the old
track, extending the road to Dover Plains, &c. SO;
and there is, therefore, some anxiety manifested to
what appropriation has been made Of the one
hundred Thousand dollars earnings during the past
year, and above the running expenses, REPAIRS
and interest the debt. The old shareholders are
clearly entitled to these earnings either in cash
stock. 1t would be well for those interested to
MAKE some enquiries In reference 70 TINS matter.
The receipts Of the Syracuse and Oswego Railroad
Company from the opening Oct. 10th to the 14th Of
December, from passengers exceed six Thousand dol
lars. During the week following the close of lake nav
cation, the sum received over $500 The company
estimate their receipts for passenger traffic alone the
first year Of operation, at one hundred thousand
dollars.
The president Of the Susquehanna Railroad Compa
ny has transmitted to the Treasurer Of Maryland
C0 account of interest due the State for the
year ls49 At this rate 900 having been previously
paid n0 the company will certainly be able to pay the
whole of the State Soon as the pro-
posed connection is made with the Central Railroad at
aIrsburgh if does not pay 1t all without such con-
nection.
! The engineer Of the Harrisburgh and Lancaster
Railroad Company has commenced the location Of the
branch railway from Portsmouth to Columbia, and has
already completed that part between Chques creek,
and the latter place. The work will be put under
tract without delay and Is the intention of the
papy to complete the whole line and have 1t ready
by the lst of Jan 1850. Responsible contractors
have offered to construct tie road and deliver it
the company complete, within the time specified, and
| for lees sum than the estimate of the engineer.