New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-24

Totals for 10 months sos 046 w $lol l4o %
The sudden and great increase In the business and
productive of the Road, Is mainly attributable
TO the completion of the Cleveland Columbus and
Cincinnati Railroad from Columbus TO Cleveland,
opening, as II did, direct communication bet veen
the Lake and the Ohio River, and between the two
great commercial emporums Of the state. The
Columbus and Xenis Road was opened late In
February 1850, and the Cleveland, Columbus and
Cincinnati Road was opened last OF February, 1851.
A final settlement has been made with the Llttle
Miami Railroad Company, of the account OF thar
Company against the C.. and X. Railroad Company,
for constructing much ofthe c. and X. Road as Is
within the County Of Greene and balance OF
$4,000 found due the L. M. Railroad Company, pay
able in the stock of the C. and Y. Company, drawing
dividends from Nov. !, 1850.
The first dividend was made on the first day OF
July. ls3l-of5 per cent-out OF the net earnings OF
the preceding months and the second-of per
cent-on the first day OF January. 1852, out OF the
net earnings Of the preceding months These divi-
dends both made payable in the capital stock
various cash wants of the Company, and thus avoid
ing the alternative OF borrowing money at nign
rate of interest," selling bonds at large discount
In order to simplify and render more inteilgioie
statement OF the earnings Of tho Road. and the
charges thereon since the time when II was deemed
expedisnt to commence making dividends, the re-
port includes IN the accounts OF receipts An, as
bursemens for the year 1851 those of the months Of
November and December, lS50-makipg In all IL
months:
The gross earnings of the Road for the
year 1851, as stated in the report OF the 80
no for Novsmber and December 1880. 1876 "A
Total for IA months .- $226, 0V7 81
Running expenses for ISL soy 932 Us
Do for Nov. and Dec 1850,
oUo w
Total running expenses IS 932 o.
Net earnings from Nov /, 1850, 70 jan I.
1854 slso,Oss So
July dividend, u CO on stock s0.4SS so
jar. dividend, y CT on stock so63l 81
l12.9l9 81
Balance, surplus fund. s37.I3 II
From the foregoing statement, 1t appears that the
earIngS OF the Road for fourteen months, ending
Dec. 81, 1881, were sufhcient-after defraying run
ring expenses and all other ordinary expenses Of the
Company, cost Of repairs OF the Road and equip
ments, interest 10 bondbolders and other creditors
of The Compary-to pay dlvidends. to the amount OF
eleven y cent TO stockholders, and leave surplus,
10 balance depreciation and provide Tor conIingen-
c,es, OF $37,l35 II.
The total cos. of The Road AM Its appurtsnsnces
and equipments, the hrss day OF January, 1851 as
evidenced by the amount OF capital stock for whish
tie stockholders had received, were entitled 70
receive, certificates: deo:s due 10 oondhoders and
to other cred,tsIs, for temporary loans %
Which is balanced by tae folio wing items:
Capital stock, including amount due the
l. N Railroad Co. as herein before
stated, and TO stockholders on account
Mortgage bonds paying p ct interest 100000 90
OststanciI income boods same int. $500 70
Bills payable-tempcrary losrs-.------- G2os -
Toiai. l.Igl07s 70
In sdciio ON this al parcels Of real es-
tate, rot necessary for depot purposes or Say
and other assets, amounting In all 20 ss9,2es ",
which may be considered as an investment o. 80
much OF the surplus fund, available for the improve
meDt OF tie Road, for rene wing such portions OF
it as are subject 10 obstruction or decay
The Xenia and Columbus and Little Miami
Roads are row worked Oh joint account ana
the net pyosts divided in the ratio OF capital.
TIE late decision of the Supreme Court
Of Ohio, upon the cors,isu'iosay OF County Sonds'
issued for railroad purposes, being very import
one. we copy the official sepoF' Of tse case Ia iaa.
The State ofohio % the relation ofths CacanAs W.
inxtea ma Zsnssyb paalrsaA Company, ~ IAs Vssh'