New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-20

For February. lss...- ttet eooi s1os -----' ''---
-. 'i.s.s 90 ''''ss 'i' ~
The net earnings TO pay interest and dividend of the
year ending 3Oth September 1851 were thus sls9 0s s
and for the succeeding six months ending 3lst March,
1852. were s2530li 70
The expenses of the last six months were 53i4 per
cent of the receipts The receipts OF A9rl It Is I'M
derstood, were about 100000 The Report speaks OF
tho necessitv Of continuance of the double track to
Albany, and survey has eeen made by Mr. Gardiner,
Chief Ensineer who places the coat at s922OO Tor the
whole line north of Peekski The Company, however,
propose to build this year only IS OF lOl miles. To
build this double track and to pay of the floating debt,
the Company have it in view to make an additional loan
Of million of dollars. The report adds
On the whole, the Board feel that the stockholders,
under all circumstances have reason 10 b. satisfied wth
the result OF this fret half years business IL VII be
found that the earnings averaged ct< to eaeu
working dsy and this without any material aid irom
freight during the two first months and with material
oss of feig ht business for want OF preparation 70 a.
comnodate it the two succeeding months Il Is bee7et
that nothing is hszardcd in assuming that had tle state
of preparation for business been more edelute tae
ero:s earnings for this period would have been NJ least
$4,000, and probably s75O,O0o
On Saturday next, at 3 O'Clock, Messrs.
Delsunay, Isen & Clarke will open the bids for five
hundred thousand dollars of the seven per cent Mort
gage Bonds OF the Lawrenceburg and Upper Mississippi
Railroad Company. This road extends from Lawrence
burg twenty miles from Cincinnati, to indianapolis,
distance of 90li miles and will forms very short line
between Cincinnati, and the capital Of Indiana pssses
through many important towns and very rich sgricu
tura country and it ia believed will do large local
business indianapolis is tae cericr OF avery impor
tant web OF railroads running in all directions, ana
connection with that point lie very valuable aturs-
The entire line is under contract aud about ~ miles
now ready for the iron the grade will DO prepared 10
receive the superstructure rs far as Shebyvle, 63
miles, this fall which place is already connected by
Railroad with indianapolis and the contracts tor the
Road complete indianapolis expire on the lst Octo
ber 1853 The rails for the entire line, 200 tuns are
purchased 200 tuns are on the line, and are nav
being laid down The total cost, with rolling stock
and equipments ready for business, is Sl,!5oOOO
SsOO000 OF the stock has been subscribed anu the srg
est portion of it paid in and expended. The mortgage
provides for only $4,000 and is The only one intended
to be given as with it the Of the Company are
sufficient for the entire work. and the lien thus created
only amounts to IS 800 per mile.
The bonds are in sums of $1,000 each, payable lst
March 1906 with interest the first days Of March aud
september at the Office of the Ohio Life Insurance and
principal is also payable They convertible into the
stock Of tho Company at par at any time within i've
wears from their date and secured by first mort
gage on the entire Road its franchises and equipment
BY deed of trust to George s. Coe of the City OF New
York this being the frat and only lien upon the Road,
and this eng the entire sum authorized to be issued by
the mortgage.
In addition to the mortgage the Directors and princi
nal Stockholders of this Road have deposited with the
Trustee their personal guarantee to the holders of these
Bonds for the punctus payment Of the interest thereon
until the road is completed
The earnings of the Galena and Chicago
Railroad and It's branches for three years past
1850 $5o21j 81 l2jl-52 .SZj6692 %
1881 ...........Iio,5 81 %
Total for $50
The Company he's declared a dividend of per cent
for the last six Notwithstanding the entire dividend for
the year Is per cent
The vote in Binghamton was 400 in
favor 10 against subscribing for $4,000 OF the stock OF
the Albany and susquehanna Railroad and like sum
toward the Bnghamton and Syracuse Railroad
The Troy and Rutland Road is open.
The Plainfeld Road is under contract.
The Piattsburgh Republican says rapid
progress is made In finishing up the work the line Of
the Pittsburgh and Montreal Railroad, especially on
the bridging and other work through the village Of
Plansburgh Tie Republican understands that the
bridging viii be completed in very few days aud the
lsyirg of the track commenced ct Pittsburgh ia the
course of the present week.
The Vermont and Canada Railroad
Company have declared dividend OF p cent Ths
Bartlett Mills Newburyport Mass, 2 cent
Over twelve thousand bales of Cotton
were shipped last Saturday at Charleston for Liverpool
aId Hsvre.
The tolls collected on the canals Of this
-l.tn 10 NJ II lsil AID lsEl2 Rere.