New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-09-13

Excess in August, (equs 10 81 p ceu0.., 81 40
Every item excepting the mail pay, it will be
seen, has increased We are truly grstifed to sea
that the business and earnings OF the Reaii1g
Railroad sre steadily on the increase and THAI,
after years OF entertainments and difficulties, the
Company is nov placed in permanently prosper
Gus cor dition For the first time a cash dividend
of about T. cent. will be declared, IN anua1y
next, on the common atock and from the present
and prospective business of the Road there ia good
reason to expect that tho Company will hereafter
be able regularly to declare dividend of = cant
on the common stock. The amount invested IN she
Reading Railroad is, in round Numbers, slAtaan
millions Of dollars. Last year, when the Coal ira 1e
YVES deranged and shipments were suspended To-
nearly three months, the net earnings OF th9 Road
were about one million of dollars or p cent. Ga
the gross investment. This year while the re-
ceipts have been considerably increase! the ex-
penditures, by wise system of economy have
been reduced at least 80 y cent. which will not
only enable the Company to declare the dividend
already named bat there will remain 9 sufficient
surplus toward the creation Of sinking fund on
larger scale than was before attempted by any
Railroad Company in the United States.
We notice that the Schuylk Navigation Com
psny are now making an energetic ehof: to 5aiie
the necessary means to repair the very heavy
damages sustained throughout the entire OF thelr
works from the storm last weak. The amount
which they require 70 stsrt with is put down at
100000, although it is estimated il Phladel pha
hat much more than that sun will have TO be ex
pended to place the canal again in nsyiga5le order
AS the bonds OF the Company are selling 1: 40 cents
on the dollar, raising loan in the customary way Is
wholly out OF the question: and the money therefore
will have to be obtained by private subscriptions.
This will probably not prove essy mater. CAPITA
lists are averse to make investments which may
be swept away by every hard rain. We trust
however the Company may succt ed IN raisiqg the
means 70 repair their works. The canals OF Neg
York and New Jersey, from their location, are sell
dom disturbed by high waters; but the case with
the Pepnsy vRuiR canalE IS wholly different. They
all issue from mountain regions, and every year they
suffer mora or less damage from the Spring aud
Fail freahets. There is another reason which must
operate 70 the disadvantage of the Schuylkil Canal
As long as it had the whole Of the carrying trade Of
the Schuykill Coal region its stock was one OF toe
most productive in the country; but since the com
petion of the Reading Railroad to Potssyile It's bu-
sineas has declined and its receipts have generally
fallen short OF it's expenditures Experience has
demonstrated the inability OF canal to compete
successfully with railroad. While canal is sci
dom in nav gable order more than eight month"; ia
the year, railway communication is uninterrupted
from years end 70 years end. The capacity OF the
largest canals is limted that OF every railroad with
double track, is unlimited, Transportation by the
former il slow and uncertain by the latter, speedy
and sure.