The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-21

ing amounts of income. Since the year 18l8, this
company have paid regular dividends all it's stock
eight per cent on the thirty thousand shares of
preferred stock and four per cent on all the
other stock, better known az the old stock; and
it is high time that the company had paid larger
dividend upon this latter kind of stock, and the
stockholders have just cause to complain and do
complain Of the nonhcrease of dividend; for IL the
company could, as they did, pay dividend upon
the income Of 1s4s, amounting to $3l90 of four
per cent per annum, after paying the regular dvi-
dend the preferred stock, interest on bonds, and
all other incidental expenses of operating the road
&C., the directors could, and undoubtedly ought, to
have increased the coming February dividend the
income for 1862 being s7s5 1885, against 1919 900 for
ls4s showing an increase of s44ss9 over the year
ls4s, without saying word of the increase during
the years intermediate to that time.
The Board of Directors of the Florence and Key
port Company have just made a report, showing the
financial operations up othe 4th of January 1853 and
the condition ofthe concern on that day appears by
this report that the property has been surveyed and
laid out by the opening and grading of the principal
streets. The main avenue or terminus of the plank
road to Florence has been laid with plank, and
every necessary arrangement for the sale of lots was
completed in November last Since that time,
period of less than two months Ill lots have been
sold, on the terms specified by the charter to wit
one share of stock and 100 dollars in cash for each
lot. The stock received in payment, Ill shares has
been transferred to the company and cancelled,
leaving outstanding at present. $3.50 shares.
The cash receipts from these saes at 500 EACH is $ 100
The current expenses OF the company to this date,
afe........ l'io4
Leaving balance Of. 1885
Applicable to dividend, which, Mt one dollars per
snare on. ......................... s.So9
Will leave in the Treasury, after the payment of
dividend, a balance of...................... S57
The foregoing brief statement, exhibiting the trans
actions for the half year, conveys at the time
full exposition of the working Of the company as
provided for by its charter to wit to convey the pro-
perry to purchasers at the rate of share of stock
and 800 in cash for each lot. The stock received
being extnguished, the capital remains unimpaired
by the sales Of the property, the company always
having one lot for each share of stock, while the
whole cash receipts are divided semiannualy
amongst the stockholders.
1t was stated'on former occasion that the sale of
lots up to the present period would probably not fall
short of 400, realizing dividend Of 81 per SHARE
This estimate was based upon the expected compile
ton of extensive docks and improvements, now
making on portions of the property already sold the
progress Of which has been retarded by an unfavor
able season and the late period of the year. Enough
however, has been done in this short period to render
certain what was then only the subject of estimate.
The acknowledged utility Of the works now nearly
completed and the perfect adaptation of the place as
the main thoroughfare to the South leaves no doubt
that the demand for lots for immediate occupancy
early in the spring, will very far exceed the most san
guine calculations of the company.
The Diario de Ia Marina, of the lst inst, con-
tains full tabular statements Of the commerce of Ha
vana for the year 1852, and also comparative state
mcnts for several preceding years. The products of
the island registered for expectation at Havana for
twelve years, are as follows =