The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-12
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The Harlem Railroad ha, been steadily augmenting its
receipts every month and year. during the above PERIOD
and we conceive it to be the best Investment in the
et at the low price Of seventy per cent paying
IL does dividend of four per cent which is nearly equal
to six per upon the invested and yet
this stock selling twenty per cent below par The
company has paid four cent regularly the stock
for the three years during which time the receipts
have doubled in amount and steadily growing larger
very day month and year. the above will show; AID
in July after paying in cash all expenses Of the road in
terest bonds debt dividend preferred stock and
providing two per cent (being the half yearly divi
cend on the old stock they had surplus hand of
$50 Geo. and the company would have paid at least three
per Mt upon the old stock but from the following cir
cumsancc 1t win be remembered that eextension from
Dover to Chatham -Four Corners built for So 600 0O0
for which the company issued extension certificates paya
bic in twenty years. but million Of which made
convertible into stock and the entire interest due the first
ofJry these certificates paid by the company in
cash and these holders Of the million o.
convertible certificates hada received their interest in
cash iheeand half per cent thereupon for the half
year. they Immediately converted the certificates into
stock. and thus became stockholders upon an equal
footing with the others and received in addition, the
first August instant two per cent upon the stock thus
converted which they were undoubtedly entitled TO- All
this has however reverted to the interest Of the compa
ny having saved them the difference Of paying between
four and per cent in FUTURE but by Of this
movement the company obliged to appropriate
portion Of this surplus Of $4,000 to the payment Of d
vdend upon these and unexpected shares thus
verted nevertheless the company have surplus hind
of 500 0oo Notwithstanding tho fact that these cerh
cate holders have, in this way, made five and q half
per cent Il be admitted that all this shows great
strength In The company and must give increased conf
dence the stockholders and argues well the ability or
the company to pay much larger dividends in future
he earnings of the Galena and Chicago Railroad Com
pany during the month Of July, 1852 amounted to $685.
26l 49, against s1665o 81 for the month in 1851
showing an increase Of 10 in the month this year.
The extension of this road has been steadily going end
the earnings this year therefore for much greater
length OF road.
The Western ond Atlantic Railroad Company OF Georgia
earned in July 1852 s23 43 against ST. 500 30 for the
same month in 1851. Increase in The month this year
sGe15 go
Tic entire Line Of the Ohio Central Railroad from point
Of Cambridge in Guernsey county, is advertised to be
let on the 20 inst Thus the whole line from Columbus
Wheeling IL in progr and the line from Columbus to
GAINESVILLE will in a short time be regularly run.
The operations Of the branch Bnt ut New Orleans
during the month ofJuly, 1852. are annexed -
NEw ORLEANS BRANCH MNr-DErosrrs AND CorSAGn--
JuLY, 1867
Deposits.