New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-29

Stock issued 50 900 900 90
Thus taking the Road and its appurtepances at
cost there is security OF the whole issued capital
stock meet any contingencies but IN fact there is
the security Of Road tina. the first six months of
Its operations has earned an interest at the rate OF
over 10 per cent per annum Oh ITS entire cost
Ii will be observed there is no estimate for depre-
citation of property. There is none. The whole line
of the Road is IN better order ara condition than 1t
has been any tlme and vastly cOunteroalances the
and tear OF locomotives, cars depots and piers
combined.
Some apprehension existed in the minds Of those
who were no, informed on the subject, IN regard 10
the harbor OF Dunkmk. The Directors are happy TO
inform the stockholders that the steamers running
in connection with the Road, have not failed IN en-
tering the harbor IN single instance, and the depth
of water sufficient for tue largest steamers on the
Lakes and With al appropriation OF $1,000 dollars
by the General Government, and an extension Of
the COnpany'S per and wharf, already demanded,
il viii be as competent and safe as any harO0r On
Lake Eile.
At the time of making our last report, measures
were III progress 10y individuals, irenls OF the New
York and Enc Railroad, 10 buiid an independent rue
OF Railroad from DunSiIk 10 the STATE lane OF Penn
sylyana, 20 prevent the partial or total diversion Of
the trade Of the Great West 20 another Road along
the Lake shore. To ohylae the consequences of
two NV al and parallel lines, compromise sub
seQvently agreed upon and the two rival Interests
were united and tins company agreed to ION In
building Neutral Road TO subserye the interests Of
both and for that purpose have furnished $25000O
TIE total amount OF double track, sldlngs and
tuTn.ouis, oil the man line and Ne sGursh Branch,
ls sixty miles, OF which ~ eny miles have been lald
down this year
TIE transportation expenses Of working the road,
Il VIII be seen are A. per cent; and the Dire 'tors
fdently expect 10 reduce them below this sum, in
future The construction OF the proposed double
track Will AID materially IN accomplishing this result
In estimating he receipts Of the road IN the Report
Of last year the earnings for 1882 were put down az
at SS,135,lsS Inc results for the past six months
justly the Directors IN raising the estimate 10
$4.t0Oot0. Deduct running expenses, as per cent
Sl,92o eco, and leaves S2ce0too 10 pay interest
EItHY l. \ 80
balance OF SSs0,OO0 for dividend on stock, equal 10
IS per cent
cent on the capital STOCK out OF the net earnings of
the last SIX months PAYABLE on aid after the I'm day
OF January next and they deem iiproper 70 publish
the report of the Committee on which they have de-
clsred this dividend IL IS appended to the report 1t
requires no comment or explanation, and they have
only 10 remark, that sangulne as have been their
expectations IN regard 20 the great public utility of
the work. 80 the City, 70 the STATE, and 10 the whole
country and IN its present and prospective value TO
the stoOS holders, they have been In no wise dsap
pointed. Their hopes have never been brighter nor
then faith stronger han now ana IN the udsmentoi
The Board the entire and complete success o! the
New-NogA aid EIIe Railroad has ceased 10 become,
mt ever was, problem.
ihe Directors ave happy IN cougra,ulatlng the
stockholders, creditors aHc friends 81 the road ON
the auspcious result Of tins great enterprise thus
far developed. However much they may have fallen
shoIt N iheI estimate OF the cost Of construction
tsy have net fallen snort III their estimate of It's
pOrtance and OF It's profitable returns They feel
degree Of satisfaction which almost comoensaies
them fcr the anxiety labor and pscun,ary RESPONSE
tility 10 which they have been subjected but thew
have held on In fuli faith IN the work .,Self Had
they imagined IN The outset the amount O. labor,
anxiety sad lncony enience, and, in some instances
abuse, they would have - encounter, they would
have shrunk back from the task outths stockholders
have sustained them BY their confidence the public
have cheered then by their support, and the press
have s,ocd BY them maufHlly IN the struggle, and
they have given 20 the Empire State the Empire
Road The Directors feel that II Is an honor Ia
have been connected With is construction, and they
have the satisfaction Of knowing tina, thew have
earned iAe confidence and supp)u which has been
SO generously extended so them.
BY order Of the Board Of Directors.
NATHANIEL MARSH, Secretary.
.Nt.s York, De "a 1851.
REPORT OF COMMITTEE on DIVIDENDS
The Committee appointed 90 examine the aiairs
OF the Company for the pas, six months, vita refer
ence 10 dividend on capital stock, IN January X,
report: RECEIPTS
iesi-luly.-. $2Sst0 Oct $3s6.553
August s63st4 Nov 500 40
stIt.-.- Sotsss Dec. tss. 3C0, cQc- sI,75S 2S5