The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-14
S37l,bOl 3l
Present Indebtedness

Present Indebtedness 1l,ool 81
The receipts Of the company from traffic, during the
first four months this year amounted to SJ3f against
sl57oe for the corresponding months in 1850 showing
an increase this year Of o7s According to the above
amount Of indebtedness thu cash hand sufficient
TO meet all the necessary expenditures for repairing
re-ayng and improving the road, and in providing for
additional motive and moving power. This road appears
to be better managed than il has been BEFORE
and the prospect Is certainly favorable for the stock
holders. There is at all events great probability some
remuneration for the outlay of capital which is
than has before been the The gross earnings
this year. will be- at the realized thus far about two
hundred and fifteen thousand dollars against hun
drcd and eighty thousand in 1850 Under the ar
rangement, the Brooklyn and Jamaica Company receive
less rent that the net earnings Of the Long Island
Company will hereafter be larger per cent 81 the gross
receipts than in any previous year.
The bonds Of the Seaboard and Roanoke Railroad Conn.,
pany attract the attention Of capitalists Three.
hundred and fifty thousand dollars Of the first and only
mortgage bonds Of the company bearing per cent
interest and redeemabe at the Mere hants Bank in thi
city the 1t Of August ls60, will be absolutely dis
posed OF to the highest bidder the 3st Of May These
bonds secured by mortgage the entire line OF
read from Norfolk Va to South Castor the Roanoke
river in North Carolina, distance ninety miles This
read will have cost when completed including the oriy-
nal outlay, million and a half Of dollars Il
forms part Of the great southern from New York
Philadelphia and baltimore, to New Orleans in
ton with the line Of steamers running from BGti
TO Norfolk line is running FROM
Philadelphia TO Norfolk Two lines Of are
being built to from New York to Norfolk, 20
running early in July next One Of these lines il
10 be Of the first class Of passenger 100 tons
burthen, and the other line of propeers. The
nections of this road such for II
MI of Iugna Wpl1 viii Tho
railroad to Wilmington 1eo miles in length which has
just been read with heavy rail- it unites at South
CASTOR with the railroad to Raleigh eighty five miles
long which is also about to be laid with heavy rail
At South CASTOR it will receive the immense prodac-
tons Of the extensive and fertile valley Roanoke
which brought to that point by the Roanoke Navga
ton Company, who have expended four hundred
thousand dollars in improving the navigation II the Roa-
noke and its tributaries.
The whole amount of bonds authorized to be Issued
under the first mortgage is four hundred thousand dol
lars Of which the offered for sale has been
Issued by the company in payment principally for the
heavy rail. with which the company is now re-aying
its track The rail for the whole distance0O miless
hand Fifty miles have been laid and il in
tive operation The remainder will be p ted by the
close OF the IL will be by this that the bonds
are unusually well secured in addition 10 which. the
trustee-Jthn l. Palmer. Esq. President Of the Mer-
chants Bank of this city- empowered case sixty
days default in the payment Of interest principal OF
the bonds 10 take possession o. use and sell the whole
any part Of the including the franchises income
and properly Of the company Of every description
or hereafter to be acquired There is doubt but that
these bonds afford Of the safest and desirable
securities in market, and that the bids will largely
exceed the amount offered for sale.
The forty-fourth sem.annual report Of the Lowell
Savings Bank gives very favorable exhibit OF the pro
and position Of that valuable institution The
whole amount received Of 415g d.p0sitorS S751.-
926 80 During the past l415 accounts have been
opened drpostng with the other depositors S290j IS;
and 1909 accounts have been closed withdrawing, to-
gsthcr with partial paymei,s accounts not closed
S2S2.l3 20; showing decrease Of thirty in the
number q depoors and increase II 1854 30 In the
amount deposited. The customary heavy Withdrawals,
incident upon each five year. division Of the surplus
profits took place last May and June the de-
posts about s75 ooo. This not quit. much
expected and since then the increas. has gra
dual and steady, amounting the last six months. TO lo
IN the number OF dcpotor and little than S3Vo
in the amount DEPOSITED.