The New York herald., 1850-04-25

Of their moderation Not one word ssu b 80
against the item Of expsnses or the sum ~ apaxt
to cover wesr and tear expenses Of steamboats, As
&c $1115 900 then is the smoaut 70 be sunk THIS
year In the payment Of interest upon ths stock, e.
eordipg 10 estimate sanctioned by the company H.
self or by its most sanguins friends whs are disposed
to put ths best and most deceptive or spesuiattve
face on everything connected with aRAirv In so~
nection with this. wish to place before the pu>is
an estimate based the experiences Of the past:
one which has its origin in sound common ssnss a
well the returns from all he railroads in the STATE
and in the country 1t shows the after rssklesnsss
Of those who are exciting the public mind to look With
favor upon TIE stock Of this company, ct present
prices for permanent Investment II prsves conclusive
ly the truth Of assertion that years must slapse
before the work can give any returns TO the stock
holders. honestly No well balanced, unprejudieed
mind. can say these calculations not perfectly
reasonabe and II SO 1t must be admitted that the e.
forts made to draw capitalists and men Of modersts
means into the Investment when ultimate deprssia-
ton in prices is certain not ersditable 10 those
concerned and calculated to create very shsrt
space Of time bitter animosity to all railroad cor
Nrw YosK A~p ERrE RArLRoAp
stock and indebtedness. SIS oooooo Interest sll7ooe
Estimated and probable receipts. 81 100000
Running expenses. $100000
Repairs depreciation. bON 600
rerry. lZooU l.oz0,OO I1,OO0
sl.2osooo.
Loss on s4oooooo of bonds $780,. ....... 100000
Deficiency for 1880 81 900
1t will be that the running expenses have been
estimated at 6sH cent Of the gross income and the
depreciation. and Of track superstructu
&C, have been estimated at about ~ per cent The
running expentes put down at the per cent paid In
previous years, and the and tear. depreciati
&c, at very low rate. The probability n, the -
In, both It'll hao Ia
ratons OF the road
Here, then, have the positive evidence that ~
Erie Railroad Company sinking than o.
million Of dollars per at least and will sontin
so to do up to the 1st Of July 1851 We told, ho
ever. Offset to this enormous and unhsard OF
penditure out Of capital that the end justi6es t.
means. and that the results after resshng Lake Rr
will be all, nay. than the most sangune pr
dicted. Az there doubt, any who may not lo
posted any further than board Of rcstors have
deemed it proper to propose putting together
few fgures for the benefit of those who present have
the peasure Of saying they stockholders and
who may be prevented from ever ossupying that po-
rition:-
Present cost OF read to Corning. say SlsOoOOOo
Los< th. year In interest Sc. say. ... 100000
Income bonds, at per cent, payable within
byears, ~ per agreement. for which the
earnings Of the road are pledged, ressrving
only 'uficient to pay interest on mortgage
oopos' '.''..'-... S,OO0 600
Total cost from Hudson River to Lake Erie
tibeie Uack. .kA 100000
Or say twenty Ave millions of dollars road completed
and fully equipped for all the business single track II
capable Of doing. when completed to the lake, It ~
estimated that the gross income, the first year. viii
be IS 0CO COO snd for the second year 90 100000 As
fuminR these estimates to be propose show
ing how the stockholders will stand after the road u
completed.
Grcss receipts road from Piermont to
Dunkrk ....... ........... saoooooo
Rum ming expenses 30 per CO Mt. .SI.50O 600
Hxpenses Of ferry say. ......... 100000
Wear. tear and depreciation, 2per
Interest on SIS 900 600 debt 49,. l0So0oO 3a5oooo
Deficiency without paying anything on
$40 COO COO OF stock. ............... $a6oeoo
have here upon the suppostion that the whole
capital stock will at that time have been ssusd Allow
Ing the receipts the sccond year TO be 50 100000 and