New-York daily tribune., 1851-07-17
Nrw.YoRK. Wednesday. July I6-P N


Governments are quiet. There is more DONG IN
New-Jersey Minisg Co. The reports OF the ousi-
ness OF this Company are very favorable
The market for Exchange is without
change Sterling is l0.GlOl Francs 5.lo@''Oe'.-
The transactions not extensive.
In Freights we hear OF but little DONG.
Shippers are waiting to digest the news by the
steamer To Liverpool 300 or 400 bales Cotton were
taken at !a532d Dead weight l5s. To London
500 bbls OIL cake 2s 81 To Glasgow 1908 or SUM
gallons Lard OIL 25s vessel was taken to loaa
Deals at Bic Island for London at ca As.
The receipts at the Sub-ITeasury are
AlHlIO Paid s36,7l3. Balance l,5s9,lSs.
The Africa took 81 l,OOl, ,543 in specie and
the Independence, for London, sl22OOo, making
sI,I23,543
The New-York State Bank, Albany, has
declared per cent. dividend
The Madison and indianapolis Railroad
Company has declared IA semi-annual dividend OF
der cent. which is considerably within the current
eam.ngs This makes / per cent. for the year just
ended.
The Albany and Schenectady Railroad
Company declared yesterdays semi-annual dividend
of o. per cent The Directors in their resolution
the receipts and disbursements for the past six
months which shows that the net earnings have
been 4. per cent. They present the affairs of the
Company in very lourishing condition. dlvl-
dend of per cent could have safely been declared,
but, for prudential reasons and to increase the sur
plus or contingent fund, It was deemed best to make
1t but 3! per cent at this time The board anticipate
making larger dividends in future provided the
business Of the road should continue as prosperous
for the next six months to it has during the
past.
The receipts for the six months ending the Sist
July, 1851, are follows
Receipts from passengers to July LIST, FIVE 40
months -s3oooi ~
Rents l'lSS SS GO GO
Mail Contracts-G months --------------- l'aOV w w
Estimated receipts for July------------- 22OoO WI
Total .$l2O,OO 81
DISBURSEMENTS
Exp'ses OF operating the Road si5,6Js ~
Canal Tolls-6 months 1,O-O 80
Intercs, Bonds of the Co 23,210 OO-sfo'5o -
Leaving q balance (bclng the net earn -
ings of monthsl lof.-------------------$i $ii,uI -
Out of this sum the Directors have declared
a dividend Of 81 per cent, which, on the - 80
capital of the Co. 81 l,OOO,OO0, is------ 32oUV w
Leaving a reserve or surplus balance Of 1901 oS
or nearly per cent the capital stock out OF the
net profits OF the last MONTHS after paying above
dividend
II is apparent from tins statement that there was
room at this time FOR making a larger dividend than
that which has been declared.
The Board were not insensbie of this and por-
ton Of their number favored the policy al this time OF
increasing the semi annual dividend from 81 to per
cent which could have been done with fair pros
pect OF continuance hereafter of this increased rate
but there was likewise earnest desire IN the Board
to strengthen the surplus fund at this time, with a
view of being amply provided against unforeseen
contingencies IN the future which the addition there
unto of the above reserve or surplus of s9,0'l SO
efec,ually accomplshes, and which VIII enable the
Board hereafter, with a current business equal to
their present traffic not only to declare at least eight
per cent per annum, but also to add annually rea
sonable sum to the contingent fund. THIS VIII be
the future policy of the Board
II is apparent from the above tina; a cent diVi-
dcnd could easily have been paid, and some of the
Directors favored tins amount but II consider
cd the true policy of the Company TO strengthen the
surplus fund aud not make the change from 8 to y
cen, scmannua dividends until mex, year, when
the change can be made with certainty of continu-
ance A resolution to make T. cen, dividends in
future adopted by the Board.
The business of the past siA months has more than
cQualed the estimate made in the report page sD
submitted February l. 1881, viii appear frons the
following,
The receipts for the year ending Jan. n,
1851, we're .................s sali,;S6 90
OF this amount there was received during
the SIX months ending July 81. ls50...-- l0l,63l %
Add estimated increase, IL II cent. l2,l95 62
Total estimated receipts for mouths. SllS,ss6 8?
The actual receipts for SIN months ending
July 81 1881, as above stated, we're. l2OOlO -
Increase IN SIX months over estimate $6,lS 70
Making the increase for the past SIX months the
corresponding period of last wear over Is y cent.
This result Is highly gratifying to the Board and
Will doubtless prove equally acceptable 10 the stock
holders and others interested IN the prosperity of the
company and y will be borne IN mind tha, this is
realized notwithstanding the reduction ON large
portion of the passenger fares
The adjustment of canal tolls on railway freights
which by the &C, of the Legislature viii take
effect the irsl day OF December next. will prove
valuable item N the future business and profits Of the
company
During the past six months this Company have paid
Canal Tolls on It's Frieghts ct $,.e>o 30. We snail
now be relieved from this burden which viii enable
the various Roads ihs Line to materially reduce
their rates for CARVING Freight, the elect Of which,
Will be large increase ei thus portion ol their buS
ness, and oonseQuen, increase IN then receip,s.
The Road bed tracks machinery and property OF the
Company generally, are IN excellen condition. The
Iron for layiag the eight miles OF double trsck re-
teredt IN the last February report has ali been re-
ce.sed, and most of II lSldthe Whole Viii oe CON-
ple'ed ~i,hln the ensuing month"; slvlRs rs first
class double track OF heavy 7 rail- throughout the
<niife road. The Board of Directors ia presenting
this statement 10 the Stockholders feel amply waT-
Fsn'ee IN repeating The congratulations heretofore
rendered ." them on the present excelcn, condition
and future good prospects OF the Company.
The rcad bed, machinery, SC, are all in good
condition. The laying Of iron on the new track will
he completed In this month, and there will then De
completed double track with heavy rail between the
two cites The Canal tolls wlI come oa on the Is,