New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-09

sSa22l3 IS szasSo % saesz IS s592i1 %
ExPENDiTUREs.
orersfrF ard ReFeirs Of Road $500
Equipment 4c.......-........S%s9.tt -
IntereEt s' 81 "a. 20 "
Net, esrDinss foT mouths 40 -
The Income Account, on the hrst day Of January,
1853, f.ood a. follows -
1892 Balance Of Income Account July. 1872 si3of 70
Gro,s esru.uss fcr Cx months a. Per re .,,.- ~.
preceding statement. ................ 5Als7 "
ssa.;:5 4:
Les expenses, interest, Gc............. $500 70
1888 Ian Balance to credit Or this account, s2s ol 81
stri-snnual dividend Of Ave per cent. 1850 2
Balance Of Income Account ...........sI5Li 5l o.
Against ihis balance there has been
charged, for extraordinary EXPENSE
incurred 10 forming the B0ai cOuuec-
tons upon Lakes Ere and Michlga1, .
duTin2 the past season. ..........-.... sii53 70
Leaving TO credit Of Income Account. Sl6773 l6
The length Of Roads Of the Companies q - follows
Nam line Of the Michigan Southern Road. ~ IA r,.,
Rsin iue Of the Northern Indiana Road us ~
Brsnches.. ..'......'..'.'''.''.' 81
Total ACKNOWLEDGEMENTS
After drductinr the cash and other properly on hand
the present sc.us investment IN the construction and
equipment of the 3lj miles o. Road h about SIX millions
Of dollar. Til j. icss thAn 10000 per nle-a coat
not exceeding onetbId 20 Oue-naif the cost OF similar
works IN New OTk and tue Eastern -tHfsand beng
also very considerably below the average cot per mile
Of other first class roads IN the Western St8es-as viii
appear from the following comparative statement: -3l3
mlos Roads 6 AchgaH Southern and Northern Ind
ana Cos. cost sGOO0O00 equal 10 $4,000 70 s2)OOO
per nile: 90 miles Michigan Central cost 3 600 20
q 900 00O equal 10 So 0O0to $4,000 per mile; l25
miles Cleveland and Columbus, cost 1920 90 70 AZ.
10000 equal 20 $50 600 % s27 900 per mile s}l5 mes
Little Miami Railroad s26,iO0O equal to S3l 800 per
mile.
Owing % the large amount Of business Offering It Il
necessary 20 provide ample equipment The equip
nent accounts, the let day Of January 1853 were
about 100000. The must be considerably increased.
in order TO meet the demands Of business.
The equipment let January, 1853, consisted Of 90
Locomotives Of from 10 20 - tuns each and 13 cars Of
all knds
Eight additional locomotives, and $50 additional
freight have been contracted for and VIII be ready
for tbo business Of the present season.
The suit instituted against the Michigan Central Rail
rood Company for interfering IA the chartered rights
Of the sheIn Indiana Railroad Company, (Which lat
ter Company claims, undor IL charter the erelsire
right 10 construct and maintain railroad around the
head Of Lake Michigan is pending before the supreme
Court q the United States At Washington. That COur
u IN session. and Is much 20 be hoped that this
cause viii be reached and judg1e thereon be gwen
during the present term.
Tie prospects for large business for this Company
for the current year rendered certain by the
plcton oi be entire line Of Lake Shore Road between
Toledo Cleveland snd Buffalo. The last link in the
chain bet Scen Cleveland and Toledo complete on
the .4h January inst To the increasing travel IL
has been found necessary 90 additional daily
trAinihus providing morning and evening tram be-
tween Toledo and Chicago. This VIII commence run
mig or the IN February next The Chicago and Rock
leland Road from Chicago 90 Lasale a. the head Of
icson or the lD0s river. 100 miles from Chicago, will
be opened IN March ensuing This road IA most i'm
portan tributary the business Of the Northern lndi
ana Company and VIII draw large share OF the travel
from 81. Louis Tor the last