Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1852-11-11

subscribing the remainder insalments such
times the Directors prescribe with express provision
that than the additional of s25 shall be called f
during the 1858 $50 during the 1854 and $40 during
year and by the charter $50 b.
called for any nstament of which sixty days
be given and in making all future calls the Directors would
consult the of Stockholders far possible
that is probable that future nsamen would be dstrbu
ted through the year in sums of s. SO each
INCOME OF THE ROAD
In submitting under this head there is of cour
great liability But States which have been lon
and where the business progressively
the contemplated rail roads, hav
generally beea low is much danger counr
like whose just beginning be developed
constantly and rapidly increasing of max
estimate based upon its business which will no
fully sustained by the reality The country which will be d
recy tributary this embraces the counties of LaFay
Iowa. Grant aid Dane many sixtve townships
tanning 2340 square miles and the counties of Crawford Rich
land and Sank many forty townships containing 440
miles and aggregate population but little if any less thar
$1,000 and increasing with wonderful rapdiy This
braces about three quarters Of the lead mine region and contains
exhausess supplies of the of lead copper and zinc and
unsurpassed by any country in the world in the fertility of it,
SOIL sauby of its climate and capacity for agricultural pro
ducon In consideration facts and many others which
the directors have much pains collected they submit the fol
lowing estimate of freight and passengers which will
completed they confident Will be found
to be far below the truth
Merchandise all other imports brought into the
try except coal and lumber, 1000 Tons
Coal and OF all kinds, 5000
shingles and building materials all kinds 1900
Wheat 100000 busheIs) 5000
Flour 10000 ba-rels) 1000
barley, hides butter cheese, lard
and all other agricultural products 5000
Lead and lead 10000
Miscellaneous imports and exports 1000
Total. $4,000
Sixty passengers day each way is 100 both ways which fO
3I3 days in year 1880 passengers per an
say in round numbers So 600 annually.
10000 Tonsfr freight at per ton, $4,000
$4,000 passengers at 81 each, IS $4,000
Total gross receipts, S960oo
Deduct expense running repairs and all incidental
EXPENSES 25 per cent $4,000
Total net annual profits $4,000
which is IA 4O per s5OOOOo the whole estimated
Of the road
subject may be presented in still favorable
light 1t is expected that large proportion of the tc
the road will be obtained the bonds of the
Company Suppose that s25OOOO should be obtained this
annual interest of eight per and the remain
der raised by stock subscriptions the of $3.50 OO0 the
annual interest the bonds would 20000 which
deducted from $4,000 the estimated earnings of the
road would leave balance of profits of $4,000 annually
be divided among Stockholders which would 20 SIC
per 50000 But again suppose that II per be
paid annually Stockholders it will exhaust $4,000 per
the and leave S22 900 sinking fund with
which redeem the principal of the bonded debt This
added above $4,000 interest on the
bonds would make the of $4,000 be annually applied
the liquidation of the principal and interest of the debt
woud pay the whole of it years and three months
and that time leave the whole income estimated S2
000 divided among Stockholders which would be equal
AM annual dividend of % $40 per centns
These calculations based upon the hypothesis that the
whole of the subscriptions the capital stock 3250000
be actually paid But has been already that
Stockholders be called pay than so pei
their subscriptions previous January
BY which also expected that the will eompet
ed and will be very naturally asked if paid
the work be paid or The hand expected
procure credit portion of the of the road for
year and portion for years In other
pected arrangements made
completed and fully equipped and in operation by
uagy 1854 for the 0OO be paid follows viz
10 be paid from to lime as progresses and
to paid by S o January 1884, S325OoO
To be paid by 5 o January 1855, $4,000
To be paid by the LIST of January 1856, 100000
Total cost Of the road, 100000
These several payments can be met a follows:
To meet hrstp payment o. S325,0JJ company will
haye--p proceeds of bonds, s25oOoo
per paid by stockholders previous o January
Ist, 1854 $4,000
of first payment s325ooo
This then viii be the situation of the company LIST of
January 1854 They will be in possession of first class
road which will have half million of dollars aud capable
according the foregoing of paying profit
$4,000 The Company will be in debt $3.50
ed by bonds bearing per interest payable perhaps
ears, and will be In debt 750OO which
$4,000 viii be payable year and 100000 payable
years aad the Stockholders will have paid but S5oOO
the whole, equal o $50 on a share.
very simple and easily illustrated financial proposition