New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-28
REcApiruLAT1ox

Observation-Disclosures. IS s5887s
Entered for Warehouse:
Manufactures OF Wool Observation-Disclosures. None.
Manufactures Of Cotton .,.....-..., = e549
Manufactures OF six III 7-959
Miscellaneous ......-..-...-.t,. s-<s5
Total. Observation-Disclosures. 1E s5i,52l
The United States Fire Insurance Company has
made dividend Of p cent on the business Of
the last six months, payable I'd January The
Bank OF America dividend ola 3 cent, payable
I'd January.
The following official exhibit Of the progress
and financial state of the Hudson River Railroad
viii attract the attention of capitalists in connec
ton with the large issue of its Bonds ,sl,50oO00
which viii be offered for sale at the Merchants
Exchange on Friday of next week. The Road,
it will be seen, is to be opened to Hudson in June
and to Albany in September next When CON-
peted it will carry more through passengers than
any Road Of equal length in America, carry them
quicker, ard at less expense than IS ordinarily re,
CURED for conveying half the number The re
markaby low grade secures these Advantages
We used to think this thriftless if not chimerl-
cal undertaking, but the complete success OF the
New ork and New Haven Road on similar
but less favorable route, has entirely changed our
opinion. There are three fold as many passen.
gers between Albany and New York as between
New Haven and NewYo and ii the Steam
boats cannot compete on the latter route, which
is much shorter by water. what chance have they
on the former where the Railroad is the shorter,
and will be run in half the time required by the
swiftest boats We expect to see the Hudson
River Road carrying Three Thousand through
and as many way passengers per day within
two years
To the Stockholders OF ge Hudson Rrv Riroad Company
The time approaches when It viii become necessary TO
further provision for the cost Of extending this work
from Poughkeepsie It's northern terminus opposite Al
bsnv The Company on the 18th inst with this view, exc
cuied second mortgage Its franchises and property
ROBERT B, MISTURN, JOIN GREEN and Wa. W De
FOREST in trust issue OF additional bonds 70
the amount OF S20ette. payable IN len years rom mat
date bearing per cent interest payable scIi-anniay on
coupons attached and convertible INTO stock al lie pleasure
of the holder until maturity.
An exhibition OF The OF The Company, and OF
the situation the work will doubtless be expected IN
Offering these bonds to The public II IS deemed suincen!
for ne present obec to place before the Stockholders
come general information furnished by the Chief Engineer
snd Superintendent together with the TWO sublOned none
fsry ssteInents-A showing summerily the whole funds
whchhsve come the hands OF the Board and the ds
position made of them and b, the estimated iurher cosl
ri eyendir The work TO Albany including other necessary
NAV he remarked in respect to the rst>staemen that
ali adjusted and admitted demands Tie Company have
been duly paid including the cost and all charges OF more
than half the Iron Rails required for the Road asoye
poughkaepse as well for the iron and laying Of IL
pies OF double track terminus in this city to
Peekssi which, with the exception OF about w ieet IS
now completed in operation. With lew lnlualea
exceptions the whole line 10 Poughkeepsie mas been pGI
order during the past summer ard Autumn ana
II is believed that superior work OF the kind Is not 10 be
found in the United STATES, That can be operated
with greater speed, safey and economy The loan OF
90 Out he hrstrDn
wholly paid up and also that the entire cost In negotiating
the same has been less than per cent on the whole
The gross receipts derived from the operations of the
Road up 2st inst S5l85&, and the expenses OF OPP
eraiing to the LIST inst s3s 40 leaving exclusive OF S
penses for the present month, of Sli0l8,
which, in the that the road has been devoted
partly the OF double track and has been
operated forits way business plan OF perfection and
expense suitable for large through business entirety
satisfactory to the Directors, and 1t s hoped VIII be so
viewed BY the Stockholders
Il VIII be ected thai the Cars commenced running
Peekski on The Isl October last year. and to Pougn-
keepsie the 5st December for some time aitcr WHICH
The expenses closely approached tho receipts ald the sur
pus above may fairly be considered as having been
earned in considerably Tess man year ana ha IL IS a.
wholly derived from way passenger business on
ittie Than half of the whole route No proper eA,
pese been be spared the safety and
regularity The passenger trains This paramount CON
sderaion together with the attention required to the Goa
siruction OF double track AID tie track above Pou2h-
keepsie has unayodably prevented The due cultivation
hroug gil the Summer OF The freight and other cuisines
Nov that tie eecond track Is completed to PeeEshH,
it beeved hat arrangements be made TO secure
an important ireghng business from the way stations 10
ard to bring the road full use IN other respects
The statement contains what tie Directors believe to
be ample estimate OF the cost Of extending the ROAD 10
Albany and The surplus believed be than
adequate the necessary additional equipments, engines,
station buildings and o!ser contingencies Inc estimates
for grading and supersructure made FOR single track
from Poughkeepsie 70 Albany: but for double track
through and The material furnished thereby " u
be found sufficient or enoaALieHa lO E94o t co
10 some eteRt The grading OF more han ~ OF me %
miles PougtkeePsic 10 Albany WIS completed Oh tae
st inst and every section 10 III spirited aIu
of construction several Of The sections Will be finished
and ready er laying the srperslucuEe ucoufse Oh re"
The estimate for grading and bridging from Poughkecp
SIC TO Uany submitted the Stockholders N the report
the Board OF Aprii lltl, last amounted 70 81
elusive Of me Greenbush seclon, estimated al >50i2
which beng added MAKES sl496t56 The; estimate W
founded prices paid or me Work below foughKeeps'e
The present one for the whole IS e actal contract
prices, and amounts 10 81 49, showing reduction N
this ten OF @i79l55 ulos graylg tes,, ~ l, -
attributed The udcious management OF The Chi-tkng
neer OF The Company Mr. VIM C. Young and 10 the poll
OF The Board n engaging 10 pa me e2nuec2ts ny u
casb with exceptions, @s Of the second II tgsge
bonds having agreed TO lie taken by party and
81 so OF the stock By another, 0oh al par,
r Young encourages the Board 10 expect mat the road
VIII be resdy Tor The trains rom Albany 10 dudson OF or
before ls June next and tie whole line from New
York 10 Albany, Of the month Of September fo
low ny From MS wel.known energy, the Board feel
confidence that there VIII be no DISAPPOINTMENT n nese
expeciatons no unusual occurrences arising,
Wiih the exception OF two or three irtng points, NE
whole Roadway ID IN possession Of !ie Company. 1h5
cost ofhe same general been low 81 the previous
anciualous otLe Board butTte whole cost OF ms item
VII exceed he aggregate aAo1H formerly ca-cutatea'
arising from the pocy adopted IN many cases Of p1r-
chasing entire docls and other properties. 20 avoid me ne
cesy oIrakps crossings ever he Road thus SAVING eX
ueuse u construction, ard promoting safety N running
and 10 The change Of tie re from tie baSs OF ne cE hi7
IN the pelgboThood OF Albany, 70 the iuaois inealof
crouud- on river which necessary 10 IaEe an
unusual width 10 Obtain material for tGlbanAment Tnr
rack above viii be found yssy superior N salghtne7 20
HAT below P0u2hkeepsie and greater speed vii here
fore be sananle with equa safety 1t q placed be
youd doubt q a. tie express Jrsins vii Dc run through
from NeyYork 10 opposite Abany in our hours, aca-
dnE necessary stops.
Is to he mode iIsuing selling the bonds under the
second mortgage the Board have 10 remark, 6a sie mere
s reason 10 believe hat yer nearly the entire amount oil
the hs Issue Of SstC00Co Of bonds has settled down INTO
the hands Of permanent hoiders and while The ie no"
changing hands command more -an par they mud maj s1
pecsiors are entertained hal discount must se submit
lee 10 on those 1o 10 be issued Tor very unsubstas
reasons hat other Railroad Securities on distant works are
pressed on the rerks gtTeduced and that The Road
rn, -n-slec VINE he Board any liscoun. allowed