The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-02

their new styles, and make better display than
usual The printing and coloring very superior,
and the goods are quick at lsal9c. The Manchester
Company show some very fine styles, which sell
readily
The fourth annual report Of the Milwaukee and
and Mississippi Railroad Company gives the annex
ed exhibit of the receipts and disbursements, in
operating the road. during the year ending Deem
Der 3lst 1852
MILWAUKEE AND MISSISSIPPI RAILROAD.
Amount Of earnings from passengers $3l 1897 %
Do. DO freight. ........... AS,343 I'll
Total. SIS $40 90
Disbursements for operating road 3sS5s 90
Net earnings. .sSo 1872 q
Some items have been pnt down in the expense &C.
count which should have been charged to con-
struction account. BY deducting these, amounting
to &c l00 from the expenditures, there will be left
1872 65s SO for operating the road which is equat to
43a per cent Of the gross earnings.
The financial affairs of the company presented the
annexed exhibit on the 3lst of December, 1862,
according to the official report of the Secretary
MILWAUKEE AND MISSISSIPPI RAHRoAp-Cosr AND IlAsu-
Stock ACKNOWLEDGEMENTS. ~ e07 BOO 90
Bonds, ten per cent R. NJ bonds now a.,
riG 9St's nsp eest R NJ bond: sold aud s''
exchanged for 10 per cent bonds 4sa 600 go 90
lHSS s ps, aeSSan and oher a6te,
warrants on the Treasurer out tandng... 4,4S6 %
Total. 81 763,763 o.
This sum is represented by the cost Of construc-
ton real estate, payment Of interest cash in hand,
general and special expenses. The average cost OF
the road, from Milwaukee to GAINESVILLE, distance
Of seventy miles, is $40 ,494 per mile.
The cost Of the road to GAINESVILLE, shown and re-
A. rv,,,vI p;r
four dollars per mile. The cost however will pro-
baby be increased by further purchase Of depot
grounds at Milwaukee the erection of further bu i'd
ngs, and the adjustment of some disputed and con-
tingent claims, including interest on stock paid in
and on money borrowed, and further equipments, to
about twenty thousand dollars per mile. The cost
Of the Galena and Chicago Union Railroad was
stated to be- in their last annual report $40 sSs; and
that Of the Southern Michigan is $4,000 per mile.
These roads are believed to have been as cheaply
constructed any in the country, and the cost of
the Milwaukee and Mississippi Railroad compares
favorably with them The cost Of the branch from
Milton to GAINESVILLE, eight miles, now ascertained
not including equipments, is $os,96S ls-equal to
$l237l per mile.
From Waukesha to GAINESVILLE, a distance Of fifty
miles, as high rate Of speed per mile can be reached
as on any road in the United States. From Wauke-
sha to Milwaukee, about twenty miles, the speed
must be somewhat less, and the annual expenses
more in proportion per mile, owing to the want of
directness. This portion, however, may be very
much Strengthened at small expenditure, with but
little departure from the present line, which il may
be economy to do at some future day. The road was
opened to Eagle, thirtysix miles from Milwaukee, on
the 22d Of January, 1852; to Palmyra, fortytwo
miles from Milwaukee on the Sd Of August;t White
water, fifty miles from Milwaukee, on the oath Of
September to Milton, sixtytwo miles, on the LIST of
December and to GAINESVILLE, about seventy miles
from Milwaukee, January 6, 1858.
Owing to the delay Of the contractors in not
reaching Whitewater early in July rs expected, the
receipts of the road have been much less than they
otherwise would have been. II was found impossible
TO do the business Offering, in the unfinished state OF
the road, and while running so many construction
trains The receipts since the road has been opened
to Whitewater have been quite satisfactory, and
give an earnest of what will be done next season.
The company is now mostly through with transport
inc materials for the extension Of the road, except
iron and has equipments sufficient to do the business
of the country without delay. -Four miles of road
have been graded beyond Milton, in the direction OF
Madison and the estimate allowed to the contractors
amounts to 1920. This grading terminates at
point common to the several routes leading to Madi
SON. all Of which have been carefully surveyed maps,
profles and estimates made, and, in some cases. the
right Of way contracted for In fact everything is in
readiness to put the work under contract as
the means are obtained and the route selected.
1t was stated by the President, in an exhibit issued
by him on the 18th June last, that the Company
would be able to show net earnings by June next,
for the year preceding, sufficient to comply with the
banking law of the State, but it is now evident that
they can he shown three months than he then
anticipated. The amount expended during the year
is 1855 800 90. To this may be added the interest
due January LIST, 1853, provided for but not yet re-
ported paid, amounting to about $i6,50O. The ex-
penditures include the payment of 1854 1900
Of Indebtedness of the Company on the 3lst Dec,
1861. The total expenditures TO Dec. 81, 1852, as
shown by the Secretary, amount to 81 l67,7s7 49,
The present liabilities of the Company, Dec. 81
1862, are ss5,767 AZ, which do not include the
interest due next day. An interest dividend was
made on the 3lst of Dec, 1862, payable in stock
and in future is proposed to make dividend from
the LIST of January nit. and thereafter dr2dends
will be declared at stated periods from the earnings
OF the road The earnings heretofore have gone into
| the construction of the road.
| The affairs Of the company are IN sound and
healthy condition; its engagements promurty met al
maturity, and the confidence Of lriepds and the pub