The New York herald., 1851-12-04
Increase November. 1851.


Increase November, 1851. slas272 IS
This increase amounts to nearly hundred per cent
The receipts from freight in November 1851 censdera
bly, exceed those from passengers THIS Is not very fs
vcrsble for reduced expenses It would be well enough
the to not 60 too far in their report Of
expenditures attempt to cut them down too much. 1t
win be pretty difficult to make the public believe that
the running expenses Of the Erie less than those
other reads 1t has been semi-ocay stated that the
running expenses during the year will not mush
exceed forty per cent Now any railroad engineer knows
that this simply absurd 1t pretty generally known
that the expenses Ct railroads average sixty
Per cent than city; and II Is ridiculous to talk about
the Erie Railroad, with s high grades and bad curves
being worked At forty per cent.
We have not heard anything within the past few days
about the dividend of the Erie Railroad Company due
the frt Of January The last report that four
Fer cent would he paid II is impression that 1t will
be ess than that r. which doubt she company have
earned four per cent II m wrong pay all out In the
shape Of dividend Its Hpasces are not in condition
permit such absurd fnancieriDg. II IL well known
that the Erie Railroad Company have submitted to heavy
loses In the negotiations they have made, that their
second mortgage bonds sold at 80 per cent and
their convertible az co. and there has been large in
Of Indebtedness since t be easily foreseen that
every attempt to there ncumbrsnees must be at
tended with extreme dicui,y and especially should
there exit 10 the public mind any impression that
funds had been improvidently employed
II 10 notorious that the conf psny have made no pro
vscn fer the discharge Of their debts aud that they
have plan Of operation by which they to be extin
euisked There no fund laid aside for future neces
ties nces and TO cap the climax Of mprov
depee We have II now stated, that dividend IL TO be
made which carrying With II the undoub.ed marks Of
sxtravagsnce ought, and doubt will acreee TIE
comtany's difficulties in all future negotiations The
dividends heretofore made In virtue Of an original
contract with the incoming stockhder which we're 20
continue until The road In operation to punkirK
and this without regsrs net earnings and In fact they
paid cut o capital but now, that the conditions Of
tie ctnrtet have been complied with, the making Of
any further dividend. must henceforth depend the
heres. received from the road and the capacity
Il the company TO continue the distribution.
In great measure, Il h understood that the present
st Of stock holders shows very little other than tenn
pcrsry holder, operators for rise few, any have or
will contribute dollar 10 the support Of the compsnys
credit or necessities ard there be very little doubt
that within sixty days most Of them will have parted
with the whole Of their interest," especially should they
bs able to cell at an advance.
Aswe do not held ourselves entirely isolated with
sect 70 the substantial prosperity Of New York
rot therefore feel Indifferent to the fsithful admnis
trston Of the fiscal Of the Erie nor 10 any
ether association in which the finances Of the commu
nifty deeply involved and do not care whether
those who operate for against rise in the stocks shall
,hs not be ple@ed with remarks II 10 us mat
ter of the most perfect indifference knowing that those
whe aerse with views will approve Of our cour.e
while those whore interests adverse will not be in
nuencedby their honest integrity
On revision Of the statements Of the com panys in
dettedness find imposing list Of first and second
mortgage bonds their income and convertbles followed
by quidsted and unliquidsted demands; and last but
not the est, significant and important company scceP
tsnces issued negotiated and circulated without the
signature Of the President notwithstanding as reported
the proceeds deposited with the Treasurer who is
the principal operator In making the raise.
tie directors have made fortunes out Of their know
ledge no reason &c complsin the same Geld
vs.. open to ALL ard thus far the public has every mo
tive fcr congraustion without this important pecu
niary stimulus the completion Of the rosd might never
have teen ccnsummated but II is nov proper n bear
mird hat every species q economical management
is necesry bst the business Of transportation may b.
carried Oh a; the cheapest rate in order successfully to