The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-09-21
Expenses including interest on bonds. ann. 2712

Showing net increase Of s4 4o4 16 the business Of
the previous year.
The number passengers carried the road for the
yesr d92 22s increase Of 46 100 compared with
the preceding year. The number of miles run by pas
Eepger and freight trains 27922S There has been
no accident personal injury the road during the
year The company q double track for "a miles
and miles more-from Thompsonvine to Spring field
will be completed in q few weeks.
dividend Of FIVE per cent payable the LIST Of oc-
tober declared, and vote of the stockholders in
etructs the directors to make extra dividend of five
per cent the LIST Of January matchmaking fifteen per
cent for the year. This vote gave rise interesting
discussion of the condition and prospects the road
The extra dividend voted for unanimously BY the
Hartford and New York stockholders, who own very
large majority Of the stock and also by large majority
Oft other stockholders In the Of the discus
sion, it shown that the surplus earnings over and
above the regular dividends which had accrued during
the last two years, were as follows
Premium stock sold at auction. O5 4s6
eurplus over regular dividends in 1S52..... 75,l00
Total surplus of the two years. s21l 45O
In addition to this. il appeared that there were bill
receivable hand for the sale Of the Companys old
Steamboat amounting to $4,000, so that after paying
the extra dividend Of Eve per cent in January next
there would remain surplus fund exceeding $3.50 600
Some Of the stockholders in favor Of making larger
extra dividend but 1t deemed best by the majority
Keep within The bounds Of moderation, and leave
ample reserve for the future The extra dividend In
addition To the premium the sale Of the common stock
last year includes only two per cent Of the surplus
ngs OF the last years which amounts to six per cent
On the capital stock II stated in the report this,
thrtytwo miles Of double track about completed
on this road tho whole cost Of which including the right
Of way would be about $40 900 per mile $500 900 in
ali This is all the double track which viii be required
on this road for many years to come, and will give the
through railroad line between Boston and New York.
by way Of Hartford two hundred miles Of double track
out Of total distance Of 23o miles.
The affairs Of the Cumberland Coal and Iron Company
have reached point where calm and disinterested
view Of their position cannot but be interesting to the
public There be doubt, from the demonstrations
slready made, that shall have to in one
week that the entire $4,000 capital Of the CON-
pany has been subscribed and that the proceeds of that
6ortioD Of the stock allotted to the shareholders
On process OF payment into the Golfers Of the company
The corporation viii then occupy this positionit will be
In the full enjoyment OF business paying profit even
SUFFICIENT 70 divide per cent per annum on lie
whole capital 1t viii have cash means on hand TO pay
every dollar Of it liabilities including the recent purchase
In Maryland and surplus Of 5000 0 BY the terms Of the
purchase the main part Of the payment for he MARYLAND
Mining Company property to have been made
in bonds having tome years 10 but the company does
not propose avail itsef Of that provison but win nav
mn the purchase in cash and stand quite from debt or
liability Of any kind whatever II would In many respects
have suited the company and the stockholders better
the bonds per contract and to have kept
hand the reserved stock until future period but the
jority of the board evidently have horror Of debt
were determined to be clear Of It, With this object the
decided to issue the stock to the old shareholder
at . price which would ensure that every dollar Of
would be taken by them. The purchase from the MARY
lana Mining Company comprises not only vast exten
~ cc lands opened out mnes and rail tracks but owe
oue bpnarse goa houses two steamships costing orig