The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-21

comparison Of prices current the close
with those ruling at the close of the previous week
hbits advance in United States 6's 1867 Of =; per
cent? Pesnfylvana SIS, 15si Reading Bonds, "; Erie
Railroad III Farmers Loan, y; Erie Bonds, (old)
p; Erie Bonds, (new) y; and decline In Harlem OF
y per cent; Hudson River Railroad, T.
On the 2Gth Of April ls4s the directors Of the Har.
lem Railroad Company issued a circular to the stock
holders relative to the financial condition aud financial
prospects of the concern and tn. proposition to in
the capital 81 500 Oo0 by issue Of preferred
stock TO that amount bearing interest ct the of
eight per cent pee II stated In that crcu
lar that this issue OF preferred stock would provide for
the debts and completion OF the road and the annexed
statement given to show how IL to be appro-
priated -
Nav YonK AND fAHlrm RaLroAp
lEdebtedAe,s Of the company April 1s4s f035s75 %
Get Of Dover exteD sion, after deductiDg
the amount already paid and postponed
20 1891 and 'bS, estimated at. 32j5sl0 "a
Get Of fecond track, from Junction Of
New Haven road 20 Harlem Inclusive of
new bridge ever Harlem river, esti-
matec at. 100 OOO 90
Fer interest, eontngeat ebsrge,, Sc Go.. 7s5i5 20
Total. ....,........,,.,.,Sl 800 900 %
The rest Of the circular was devoted to estimate. %
income Sc for the purpose OF shosnE that the sgh.
percent dividends the preferred stock could not only
be paid but that dividend OF per cent could be
paid the old stock for the year ending Dec 81 1872
In making this estimate the gross earnings put
down s5i2 COO and the running expenses at $4,000
BY most extraordinary coincidence the actual gross
earnings q the company for the year have been about
S1oo less than the estimate the expenses about
sloo eco more. showing result very different from
nat anticipated In regard te the preferred stock Il
has not answered the purpose intended, or by any
means met the calculations Of the Management
On the tth Of October lsls the bard OF dlFsc.ors
a eiVfns aocouut II ~
the road for the ak months ending Juns 30 1919 the
cost Of The extension 60 Dover aud estimates OF earn
ipgs for the elk months ending December 81 1912. Il
APPEAR By that report that the proceeds Of the pre-
fsrred stock insufficient TO pay OH ths dsb extend
the read sc, and shows an Indebtedness. after
baustipg all the resources of the company of more
than -four hundred thousand dollars This amount Of
Indebtedness has been contracted and portion % the
improvements the cost Of ~bch 10 be paid out ofthe
proceeds Of the preferred stock have not been made
The bridge over the Harlem river, estimated to
cost about 10000, has not been built even con.
ntnced and, in,tead o. the road being extended aud
placed in plete order, the old debt paid and all
oobtr provided for BY the preferred stock the
company finds tsef In debt Upwards of 800 COO and
the road in . bad cSdition The snnsred estimate
of exrerditurss debt 6c exhibits the probable In.
sebtsdnefs Of the company, after the required i'm.
proveneBts have been made -
Nrw YoRE avn HsRLrs RAuno,o.
Amount Of oebt at date q last report. S403 100 "a
Estimated cost Of bridge Harlem river. 900 90
Of archinE Murray tia, Sc. 100 900 90
Relsyiug city track With hesvy rail. rs 600 30
Total. .......... ...... .s.... .tbbs lN ''
Al these improvements ore required and must soon
be made Property Murray Hri have ssve.
raj times petitoned the Board q Aldermen 10 compel
the railroad compsny 20 build arch the cutting
A. that place and the city track Is about rough
corduroy road. In the contract between the Harlem
snd New Haven comPanssit Il stipulated that answ
bridge should BE- immediately constructed over the
Harlem river
We have alluded 70 these thinrs for the purpose ~
shoviDg how prepossrpus q Is for this company %
fft that II has earned dividend its old stock out
q gross ncone q only $4,000 appears By every
report ths' has emausted from this company that IL.
indebtedness IL steadily Increasing add that Ste aonual
earning fell far short Of the esus,es 10 appears
and is well known to every s.ocsholasr that the