Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1852-08-20
Rutland and Burlington Railroad.

n concise account Of the financial condition of
the road, and the earnings and expenses of the
past year, Without flourish or prophecy ot future
successes, while It alludcs to the increasing IN
comc and the opening Of the Rutland aud
Washington and Western Vermont Railroads..
as likely to favorlbly impress the stoc nholders
MS to the ultimate. value Of their propyrlv.-
Those who have lived through the railroad fol-
lies and troubles of the few past years. are
aware that "A non-dlyldcnd paying concern Is a
delicate subject for praise. The future may
make or mar, hasten or delay It's prosperity
may soon place 1t among the 's'andardS," or
plunge it among the lrretrlcvab!e '%ianclcS" of
stock spectators. But it really seems as if
our Northern roads were just developing. and as
If all they lacked, to produce success, within "a
reasonable time henceforward, was a higher
freight tariff. The Rutland, in particular, has
gained greatly IN income and in financial posi-
ton within a twelvemonlh, and the time seems
coming when its stock will pay an income to
It's proprleto s. The net earnings of last year
were 3 per cent. upon the total cost, and the
gross earnings were 80 per cent. more than IN
the year ending June |, 1851. More than tins,
the receipts of the last few months of the year
ending June |, 1852, as we are informed, show
even o greater increase over those Of the cor
responding months of ISL. The total cost of
the Rutland, interest, interest dividends to
stockholders, discount on bonds, &c, &c, Is
now S4,S47 ,40I, represented, as we understand
1t, as lollows:-Conrnon stock, 81 ,46 1000; :
per cent. preferred $500, 200; 6 per cent. do.
500 300 u per cent, bonds, Sl,OS6 u.s. I
per cent. mortgage, do. SCI 200 interest do.
$4,000 floating debt, SJG2,2l3. a dividend
has been paid, IN due course. on both classes
of the preferred stock, the interest on ali the
.bo b,,l, b,. haan mat nnl c1cb oftbn bo,Is
as have matured have been promptly paid
About 100000 of the Il per cent. preferred
stock has been taken by those who have avail
ed themselves of tic privilege of paying for 1t
IN common stock and SIX per cent. bonds, and
she subscription Is still going on. BY this inca
sure the directors are reducing their bonded
debt, and paying a fair dividend to some OF
their staunchest stockholders, while they are
keeping the Il per cent. bonds in good demand,
and at good prices. With the continued sue
cess of the road, the whole of the common
stock, 1t is probable, will be eventually chang
ed into preferred do, AS in the case of the Nor
wloh and Worcester, and Worcester and Nash
ia roads,
In the mean time. moro than 100000 ofthc
7 per cent mortgage bonds are yet uAissued,
and 1t is supposed that this reserve viii be ans
pie to llquidate the floating debt and pay sucil
Of the Il per cent bonds AS may not be transfer
red to preferred stock. The road Is now well
equipped with twenty locomotives, and freight
and passenger cars in proportion, The earn
Ings of the year were 1924 ,79l-the expenses
Sl59,45l. The net income, therefore, was
SlG4,3i0, as set down in the report, though we
should be inclined, IN estimating the present
value of the Rutland stock, To make a consld-
cradle deduction. IN view 0 fine inevitable veal
aod tear, frsshe,g end ecc tCn,a, % g refn o!
Years. Ont can soGrcsly avoid Inc coac.ls.cn
lathe expenditures on : New tagland Fcsd