The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-27

(which the Eas DOES not cannot no soc*s sxssed the
0rdin.ry oS interest s oteef tovestnen az
character The rc2sos Is osvtoas Tsepr ds OF
lsscr business rsgulsis s5s q eisss any psttcasc
brpnoh peyB better sOOsSas ospa dove into tns
ferusr n The profits 40 bropsat do~a 20 tns osonsy
standard So with railroads Bl. share is good reason
why tns stocss a. ra,osds .bo.d leu sham tho ofo
d's II ordinary inysesu W. tooE tsst railroad
osrIet os built without ia-gjy increasing pronloy
person living upon ivs lies seh aH,rs " SUB
scribe 81 600 10 q rasd though tae inssst1eos
prove total loss becsuee By doing tue yAUe 81 ms
property may bs Increased ten tnes that Our pe1
pie are isAuepcsd t. tsks stock sey b. tt m,d OF
ont END numerous road coasruc ed where tee
value o. thsir stocks is considered after of oamp4ra
tive indifsrence Ths tendency Of ell this to bring do
the vspe Of railroad stocss upon thu principle OF
ply ard demand. TO point below tina average vaue or
other Investments IT, therefore, raiiro.d saoraos or
wastes portion al OF its capital the nouat lost
Der that our rosai hs Egs particuI.ry enjoy no mo-
nope but that their business Is for by
reads, some Of which certain TO have been
Sset content with mOders dividends upon an as
tual outlay the companies whose capital repre-
ssss Of esn osy Ss s 90 the NJ
dividsnd Of their prudent neg hbos Here IL
Of the weak spots Of the Erie. Its STOCK merely
all the competition that exsts in iroad at
he present Time not penny ass DO lost 70 eoab!e our
Eastern eompsDies TO pay even moderate disdsnda.
done v make little Or 70 difference; fact In rail-
road better settled than that this expenses Of
q increase In the ratio - r0C0lp1. Inc
Erie road having capital stock investsd has expsn
diturs upon which to base dividend Taey may be de-
cared for dme they have bssn but ~ili not an in
ssssaSls nscs.s. soon 0om' in aud put stop TO ell
But were not such the fact and had not penny been
lost " tho Erie Gaming anything upon its stocks II de
termne this fct may have ~ resort to the results of
the operations Of other roads, the reports Of this
pAny not furnish tbs necessary ds BY which to do
tenmine this question We haos how much has b3sn
received per mile for passengers and per for rsglt
carried oAe nile, o. how auch per milo run by the
trains, but from the In which the oompanys
ports have been maae have Of dsterntniag
what has been the actual cost Of the Ab0ve lite
this road. We therefore detsruns their amounts
from comparison Of the cost Of I'd niar itens Other
roads whose long experience under udcioas systsm Of
management furnish US with authoritative data.
The question of cost Of transportation By railroad has
lary In ths Of this Wsster. Ratlost Tho stock
holders CT that company being dssirous Of ascsrt.u4
tbs eost Of moving aud prosr ON toeir ROAD
. committee .ests this subject At the request
went into elaborate exAmaatioa OF the matter aai
Of the leading profitable. aud best managed Msssa-
ger ten Of freight equal to Las mile
The following table prepared from otc 81 s0urcea wilt
show the result srrisedat.
sho wing the number Of pa seogers and tons
Of freight carried mile, the total expenses aad
per passenger per ton of freight on the following
roads. for psriod of five Years ending Jan 1851
No 0f O0ss and C0sf s,ns