The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-07

fnis increase Is equal twenty seven per Out
81 the net earnings for the first six months of 1850
the board Of directors declared dividend of two per
cent, and reported a surplus hand Of ten thou
sand dollars Taking it for granted that the dividend
paid out Of the earnings and that the reported
surplus was actually in hand. have upon this data
made mp the annexed statement -
NEw YoRK HARLEa, AND ALBANY RAILROAD
Gross earnings for mons endg June So 81 S29s66 or
Current for operatg cent l4isSa Vi
Net earnings slil93 OIL
surplus reported on hand December ls5o.. 1900 90
sia,sss OIL
esni annual divid'd on prefer stock. 100000
semi AMI divid'd on old stock pet. 10 800
l50,50o 90
Surplus. s3433 OIL
This calculation is made upon the superstition that the
continued the same It's a question
.bssbsr -ailroad company cannot larger amount
4 MONEY g hess per cent cost than it can even
smaller sum 1t Is opinion that It can, its capacity
A, nat us,. its utmost in earning the smaller II
.ostsS,,t tt more to run train of cars died with pas
90, r~rs,han tain half filed, and it is impression
Nat IN earnings of the Harlem road have been
derived from better filed than from any increase in
actual service Of locomotives Any reduction there may
in the operating xpendture during the past
ssz months will add much to the estimated surplus
given above We little curious to the result Of
she sst six month"; business OF this company and
how calculations compare with the official report II
they make out clearer better statement We
~houd like to it. One thing s pretty certan-if the
directors ray and shOw, that dividend Of three per
cent be paid out Of the net earnings Of the past
s months they must admit that the per cent paid
hast August earned and that the construction
account has been charged With part of IL.
for the bonds of the Wilmington and Man
chester Railroad Company will be received at the Office
Of winslov Lanier Co. 50 Wall street, until Thursday
the 10th Instant at O'Clock These bonds amounting to
100000 bear per cent interest and ured by
the first and only mortgage upon the property com
pany The bonds in of 81 coo each with
payable at the Merchants Bank New York, the first
December and FIRST in each year convertible into the
capital stock Of the company at the option Of the holders
They issued under acts of the Legislatures Of North
and South Carolina secured by q mortgage or deed a
trust to Edward Sanford ESQ., Of New York. In trust
fos the holders the The the
entire line Of the road completed and to be completed
ton Wilmington in North Carolina TO Manchester
iii Carolina, a distance Of ld2 miles, costing, whom
pleted, with heavy rail- and equipped, si,6ooooO
extraordinary sdaptedness ofthe country to the
N~-7ion Of railway accounts for this low cost The
1u,e is empowered in of sixty days defsult in
principal interest to take possession Of the
line Of road, with its equipments, stations, in
soe ranchse etc. the TO sell At his discretion to
80.
'ne hshss. p''uer iof cam 70 pay Ai,'1 "
interest Ine "hoie amount OF oohos Au1hor]ed 70 os
ysued by the stockholders al meeting called for
r., ,,,.Do..;. .,,,is, "a -. o-dar n, ,hs Rau,o.d
me- 80 s. - - - '~9 : 80 - - :, -, =
the iron rails and equipments only Of which are
.e...I g. - ii, o,a no ~ ,,.,,
no" Tor sale me company VIII owe No '''f ae0'
when the road is completed
The company has million Of available stock sub
.r, mos, Of which has been maid in and snnlisd 10
"a,
construction to which be added 1t any time at the
g.. mr. Nh C.,atn. on certain conditions III.
,,,.,a that the NET nnu.l pro6s will rca.b twelve
-, cen, nor .n,uw
= -, 4, .-,. 49,.
Parties whose o'ds are accepted wi" Dc required l" pay
10 per cent upon the amount awarded to them, upon
n, o,,s.a q, a...ntsne NJ ,h.ir bids and the rs
=, - - :, e. -, q -,
manner IN equai amounts on the nrss asys " eep'em
Der, October, November and December next; but any
,.rtx will he NJ liberty 10 nav in full nj once n desired
10y va ~ - S " p~' :" 'a'i ." V"''i 1'o"'N
Interest VII CONNER nee ron the aAy OF payment
The annexed statement exhibits the amount expended
an. o.a.n.h,r,h p.I,o.d ,n,,nd,n ,n,o,.., To-, .,
- -, . ~ -
sSno'' efuP~eh'' anu iH every o'hef purpose "AA|
ever
OGpEssrvNGH RsILRoAb.
Total amount expended 10 May l 1881 s3Gil &6 %
The Treasurer reports that the
whole amount charged to con-
s-ruetion his book upto
May ], 1881, exclusive Of in
tsr.st paid 10 the stockhold-
srr, ami loans, Losses
bonds. and for cars and en-
gines IL 80. 1890. ....... f-eso-i - 70
The amount paid a. interest TO
the stockholders, and
loans, s.................... % gp
Losses on Dor d.. .............. 52e25 o.
The amount paid for engines
and cars is.................. 4I1Is q
- 3eii.4f5 o3
OF this sum, there ha1 been rco,ive up to
hry I. 1851, stock subscriptions. lt5S13s 81
The capital stock subscribed was s2coOO0)
the balance having been fortified % the
Company, and will be- sold when IT, par
value can be- realized.
balance beyond
road, has been borrowed q which The fund
ID dsbt 10000 %
entire want If accommodations for a
=, D., -, q, ,.,t.,.-.t,- u......-v a.,
I'M. 100, ~ - fPt -. 80 -,