New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-05
A small purchase cf Rails for Western

J1IU W dNAdhhs fttf 'uff. dti Sdiht@'
az aitse the ps.sse BY Congress o' the As'iganen'
bin. aexcSn Warrants are worth slio@sil5. rne
ne Warrants are unstable, bat occasionally oas
soesa.se0. When the bill passes they will prooa-
by Ne worth about 500
We understand that Mr.. Fiiske, of New
Orleans. - 30 vas reported as having failed al he
same tine III MaGnsell, White & Co., aud dhls
McDosel & Co, had not SUSPENDED at the tine oil
tie Latest aGyices lie is beleEed 10 De amply a'le
IN sustain himself. AfAirs IN NeS-Orel aus are "a
sunirc A more fayoreals aspsc. and tas panic 81
subsited.
The FIRST Annual Report Of the ClsSeland,
Columbus and Cincinnati Railroad Company has
eoro, 20 hand. Il Is an excellent document, wed
written, comprehensive and satisfactory Iadeed Il
could hsrdy be anything else than satisfactory,
shaving as II does dividend OF D cent. for SIX
months, and surplus Of so 6il. The entire cos.
OF tie road, IT'S aPPur'enaRcts and equipments as
repres,n;ea by Capital Stock, fsaded and uafaaisd
debts no to the 3Olh day OF November last Is SO 025
sss q. Ofthis sum, STA les Sc Vas borrowed iro Il
the earnings OF the road.
The extension Of the road from the pOin. AZ first
proposed for its northern terminus in the Ci;y OF
Cleveland to the margin OF the Lake, 10 insure
at all times a cheap and expeditions connection be-
tween steamboats, and other lake vessels and the
trains Oh The road, has materially increased the cost
of the road over the original estimate. The Clese-
land, Columbus and CINCINNATI Railroad, IN refer
ence to us alignment and grades VIII iaYoraoy co n
pare win any other in America. The road was 50
far finished that the trains were run over us entire
length from Cols nous 10 Cleveland, on the 2ist lay
of February last but ihs road could nos Oe COZ
sdereo as fully open for regular business operations
The cross earnings Of the road for six m on
from June TO Dec. /, were sSil,ooJ 70
anH
expenses ------------------------ Ilo--lI o.
Balance, ne. earrings -S2JJ,9jy -
Appropriated as follows:
Six months interest on debts of
the Company 800 80 "
Dividend on stock, Is - cent? lO2,0l9 20
Balance to reserve, or surplus
fund OBSERVATION-DISCLOSURES '-'o4i ~ .,,o oo, =,
From this statement il appears that OUT of SIX
months earnings fund has been reserved OF over
24-l0 y cent on the entire cost of the road AMI
equipments, or 81 ID cent. on the amount Oh capdsl
STOCK issued. which is believed 70 be ample 10 pro-
vice tor contingencies cover depreciation ana IN
sure regular dividends.
For the purpose OF dividing more equally the more
and less productive portions of the year so that tue
dividends hereafter shall compare rs nearly as may
be with the net eanIngs OF the road for each pre-
ceding half year, the Directors amended the By-LiSs
so that dividends snail hereafter be declared on the
first days of August and February.
The Railroad connections most important to this
Company are, with the Columbus and Xena and
Little Miami Railroads, by means of which a con-
tinuous Railroad line, extending from Cleveland 20
Cincinnati is formed, and with the Cleveland,
gainesville and Ashtabull Railroad, which, with the
Franklin Canal Compaly's Road, the Erie aud
North east and the Buffalo and State Line Railroads
will, when finished, open an unbfokcn Ralroal
connection with the New-York and Erie Railroad
at DunkiIk and with the Central New-YOTk Line
at Buffalo.
The Bellefoniaine and Indiana Railroad, which ia
connected with the Cleveland ami COLUMBUS Road
A. Gallon, ~ miles from Cleveland, VIII unlues-
toDaby prove of It's most imp )rtant auxillares
This Ioad,i NTH Its Western Connections, forms
line of Railroads extending IN a remarkably erect
course from Gallon, by way of Marion, BeliefO1-
tame, Sidney, IN ONO. Winchester, MuncietOwn,
Indianapolis and Teue lIgute IN Indiana, aud Van
Gala in Illinois, 70 ST. LOUIS. No. il will, untoubi-
edly become one oil the greatest channels Of inter
communication between the middle portion OF
Northern ONO, Central Indiana, Illinois and MIS-
souri, and the North. eastern States. A glance at
the map OF the United States will at once exhibit
the diIe ctness OF the line, and It's advantageous
geographical position.
There are also several other very important con-
sderations spoken Of fully in the report.
Between tire Cleveland and Pittsburgh Railroad,
now nearly finished, and the CleEsland and Colum-
bus Road, large interchange OF passengers and Of
freieht already exists alike beneficial to both The
Superintendent in his Report, says
Side.tracfs are laid at nearly all the stations suf.
fCient for large increase in the frtighting DEPART
ment warehouses have oeen erected oy individuals
on ground leased BY the Company sufficient for the
storage OF $4,000 bushels OF gram, which. with toe
d6p6is erected Ky the Company, accomoiaie pretty
well the present business OF the road, except 1t
Cleveland and Shelby A. Cleveland, extensive
Wharves are in process Of construction, and i. is
necessary To make extensive Improvements at'tAis
point Immediately for the convenience both Of freight
and paSSeQeefs. Wood sheds are nearly completed AT
different stations sufficient for the storage OF 900
CORDS Of wood. The most Important items of ex-
penoiture for the coming season, chaTgeaoe 70
siruc0n account, viii be for ballistng the road and
for Improvements at Cleveland.
PASSENGERS TRANSPORTED.
Local ACKNOWLEDGEMENTS 56,2Ol
AmouSn-- to,IOo
lotal ------.---- 800
The general account of the Company stands as
follows:
NOVEMBER 80, 1881.
Construction. including ali ex
-pendiiuIe,, to dsts..,....-.... ss,7laln 50
Cars and Ens iRts----.--.---..- zS9 3il 50
- s3,OoS,OlS 40
Cleveland aud Cincinnati Telegraph
company Stock-------------------.S3 600 De
A "a, loI building Car Shop. 500 @
rEi 70
s3.o25.ssa u
Stock ltsued 402 Sf2 90
Contributions for preliminary :
,I tu,ssys- n5---;--------------. LOG %
Other convertible Bonds ... i8i'2oO 90
Other Bonds not convertible 1903 200 Oh
Bills payable and other liabilities l20 0is %
- - s',oa5ssa ~
hunning expenses, do. 49,. So GO 60
- sSs.OO5 70
Running expenses lIO7il IS
800 s2sO9 %