New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-10-12

ONce eApouses, satafe, Ns.--'''''''''''''
Total expended. .................. ..>'' 80
Net earnings for elk months. "
Tho estimate tor the six months sndins olst Dsceth
Der next, By the Directors, Is e1S0ooo, sTef"s"s
sa5 80 per month The receipts Of iniy August ~"i
september have little exceeded this average. Tho
expenditures of the Elk months are placed a, eooOoo
Tor department. repairs, 80 SD sc0 ics
interest debt and 800 ooO for dividend On preferred
stock leaving sio7iO for dividend on the old s,ocs
equal something per cent TOR tho Ak month'
on AZ us shares or q, 3ss, $50 Of capital
The dsot Of thu Company is sios,l& =, beng
1906 Ia of Dover Extension Bond, and sl93sH O.
General Debt from which 10 IA BE- deducted the unpaid
lnstsments OF tss Preferred Stock sl34 $40 aud bsl
OF cash hand sttsr paying dividend on Pre-
fsrrsd Stock e239is ali Of which 10 applicable TO The
payment OF this debt, which IL due In 1904
The charge of tina Dover Extension upoa the Pre-
forred stock was about ss2s coo more than tho est.
mate. The total coat OF the Exssnson and equipsss
was s73s sl5 I,s "a eiCo miles in length, built in
all respects as frstcass road, aud laid with rails -
pounds 10 the yard.
The capital OF the Company consists OF 60 900 shsres
eco shares Preferred Stock 47775 shares Old Stock
Issued u, 225 shares Old Stock held by Company
OF this reserved stock 900 shares pledged With
D. Cothes 4 Co. and Bus shares ara collateral for
loans due 10 1919 These loans 10 be paid out OF
the s22 900 OF bonds due in iso at y cent Interest
which the Directors propose TO Issue These e,ao 900
Vt bonds are included In the debt Of the Company
above mentioned The Report states, In reference TO
Preferred stock, that
Ire old stockholders had The exclusive ght 70 SUI scribe
nj, stock for limited period hut lees han one MID OF
t.e amount necessary to msss subscription bndiog wss
taken BY Them IL was then oe-nei 20 pshlis
being Of the most imperative cnsfsetSr soa no is
existing bot the fund To Do created from th sIoek
ssuls9. OF he c,p1 toI DER aid IN ssseng
Of the slock and proposed Commission for The
found mosl quarters INC house Of Mssss Keieham
Rogers Benent at length proposed 70 procure subscrp
ons 10 tho remaining number VI shares 10 shares or
u $3.50 and To give their guarantee fcr the paynsx
VI hs several amounts subscribed, for commission Of
I'VE P.r eenum The props.s was accepted and Tbs 10
amounting 10 375 paid IN pursuance Of the sgrsene3
and, Of course, reduced tao fund created by the Issue II
| MS stocs, By thai amount.
The amount was reduced also By slei III 20 by the
discounts made 10 induce parties TO anticipate the pay
nents "a their mstalmenis. The svsils Of this Pre-
| isrred Stock, were thus reduced 70 sl,i2s $50.
The Directors state Ia every department Of the
accounts the most soorous add critical stiou
ia. been carried back tor yesrs 10 order 10 ascertain
vita eal!re precision the liabilities VI tho Company.
The Company Own sll3 co Of Real Estate Mortg.gs1
ios -S2i2 Tbs equipsse aid 4tsriss sre valued At
s2i97ss Toe road Ia .0l7 miles 10 length In coz
c!nsion tue report ssys
The Directors occupied the Chief Engineer ~,fs
four companies q ASSISTANT IN surveying Inc. from
Dover Plans 70 connection with the West soc <frd
Road a. Cnathsrn. HE report, with Ihr maps prUH
zrd estimates OF tho two routes hsys been recsi y.o
| These estimates ars rs fo,.o~s;
Western Lac, Sis miles Cost, "a Iosgc
| Eastefn LsreJ oO.h - ,t3.so
Dd>rercs 10 favor OF Eastern ssf $50
1Es kssie1n Line spproecces tho eastern Line Of To-
stsie passing through and the iron rsgisn
would command lns transportation Of bs iron aud coal
Tas outfit for the Wssssn Lac viii be - sssil
as.s casscter generally, snd II less THAI ~
~ Easts<n Linc Ores, care Will be taken 10 selcct.r.
the foays.
The Directors 60 propose TO commence tho Absp,
ae necessary funds which shs tot impes- prsssc
lnts6esi hs debt and resources OF the Company
The charter. add doubt tn9 cveLue interest u too
Stcckho.defs require the Albany Exieusiop and ths
Directors deem necessary 70 make tire Effort pfOslf
the capital For this purpose hey arranged Plat
by which they hope u eelis. Contractors In NE wofk
gpos Tho value OF extension se aided BY such por
ions Of 70. current business received from and
81 he Road below Dover, 40 may De Necessary " pre-
aid he wanted There good reason TO believe thai q
aid Will De wanted any rats for more lhsa yss
= or sher opening tho Road propositlcu TO bulk
the Road under this has been received ant
approved, and II The Conusctofs md fasiiy o. do
po.iGg OF mo security they ressiye 10 psyrn-ai
which they have reason expect from the essaraHre
gise thcu In the country well the city. and ~
ssfe~nen VIII be made binding ell the parties BY ~
. lat Of December or thercabou.s
This 10 the pisa Of which va gave the psrucaT'
Il