The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-03

portstiou and expectations Of Philadelphia have vesy
little effect the foreign trade of the country at large
one way or the other.
corps Of engineers have completed the survey Of the
for the Lake Shose Railroad from Milwaukee to the
Illinois State line aud steps being taken to secure
subscriptions It's stock in view of an Immediate COM
merccment Of the work II i understood that the cities
of Milwaukee Racine and Kens ha propore subscribing
800 Geo TO the stock OF this road
The sale OF bonds of the Brunswick Canal and
Railroad Company. will take place to-day-Thursday-
the Merchants Exchange Two hundred thousand dol
lars Of per cent coupon bonds occurred by first
mortgage on the entire property Of the company will be
sold tie highest bidders 1t certainly appears to us
from close examination of the Of this COM
pany and the country in which it is located from the ma
of the enterprise and from the character of the par-
ties connected with it. that these bonds are among the
best investments Of the day Brunswick destined to
be very important port the Atlantic The cotton
grain sugar and lumber of the immense section of coun.
ty depending upon that port for outlet must give
great trade Immediately upon the opening of the canal
connecting the immense river navigation of Georgia with
the Atlantic at Brunswick. This with the completion of
the railroad in OF construction to Pensacola
must give Brunswick an importance a seaport second
to no other south Of Virginia The only obstacle now
existing TO the connection of that port with the heart Of
Georgia and with the great wealth densest popula-
ton of the State is slip Of land Of little over
eleven miles. between Turtle river and the Altamaha
company formed time since canal this slip of
land and all but about two miles was completed at an
expenditure OF five hundred and twenty five thousand
dollars The loan proposed is for finishing The work
Several since the Senate of the United States
appointed Commodores Woolsey, Claxton and Shubrcl
Board of Commissioners to examine ports on the At.
antic south of the Chesapeake with to their COM
parative facilities and advantages for the establishment
OF navy yard In the report made by these commission
cr II stated that but port the Union possessed
all the required advantages and that of the ports south
the Chesapeake Brunswick has greater advantages than
any other 1t easier of access has greater depth of water
than any other and in the opinion of the commissioners
Brunswick the most southern frgate harbor on the
Atlantic seaboard Placed the great outlet Of the
commerce of the West Indies and the Gulf of Mexico its
position in state ofmaritime warfare would be invaluable
It, therefore appears that the port Brunswick is dcs-
tined to be the great outlet Of immense section the
South and place of great trade. Capitalists should
turn their attention to this point and aid in the compile
ton OF such works as are in the Of construction
for the rapid Developments of the resources of that
fine and fertile section Of country bordering on the great
rivers Of Georgia
AT meeting of the stockholders Of the Georgia Rail-
road Company held in Augusta the report of the drec
tors giving condensed statement of the business of the
accepted 1t gives a very favorable account of the
operations Of the company during the year appears
by the annexed exhibit -
GEORGIA RAILROAD.
The gross earnings of the Road Department for year
ending 31st March last, S795 81 IS
And the expenses of same department. 3555O7 81
Leaving net profits $40 800 Ga
The income OF the company, from all sources may be
stated thus -
Gross income from road. sos S11 IS
panA ... ................ oS,66l Y
Total income from road and bank ....... SS59472 45
Expenses OF road management. S355507 81
: : bank including taxes,
Agents com. &c 20 1S5 42
Interest on bonds, SOL 55-42S 3S4 SO
: Net profits from road and bank .43l OS7 90
- c usual dividends of So so per share, half
yearly. in October and April, have been de-
clared, say per cent on capital stock 100000 90
Leaving applicable to other purposes OS7 93
The following is comparative statement Of the earn
ngs Of the road in the month of April 1851 and 1852
Passengers. Freghts Mail &c. Totals.
!S52.. Sle453 20 S50,590 so S7O044 90
lool...... l4.S2O 60 45,S03 30 606A 90