The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-14

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Ascompared with 1851 there is increase Of $12 274
in receipts from passengers decrease Of $40 800 in
freight and an increase OF 1905 from other sources
The expenses for the year have been $685. 67s Ii Of
which $15S 9Ss OF for repairs freadway $ 2s
for repairs Of engines 81 for repairs Of passenger
and freight cars 1916 s Is for transportation expenses
&C. The net earnings Of the year $6S3 lsA 90, Of
which, after paying ga per cent dividend to stockhod
ers, interest, &C., there was balance OF 929l w.
which wasI carried to credit Of contingent fund.- which
fund amounts to $137 4l3 So The total value Of
the Western Sinking Fund is S77S34s 81 and Of the Al
bany Sinking Fund.- $40 15s 81 making total Of both
funds 81 81 400 1aan ncrsxss of $ll2 49, "a, in
1852 The total receipts Of the Ptshe and North Adams
Railroad SO 30s O. requiring a. 6ol IS from the
funds Of the Western Railroad to make up the guaranteed
dividend Of six per cent The Committee Of Directors to
whom referred the report OF the Investigating Com
mttes relative to the eIpedsncy Of removing the ees
Of Treasurer and President Springfield reported against
q removal The operations Of the Auditors Department
for the year 1852 continue to prove the usefulness Of
the system Of examination The amount Of outstanding
freight bills sncoeeted in 1852 amounted to only about
q, 900.
At recent meeting Of the stockholders OF the Vermont
and Massachusetts, Railroad Company it was voted to ac
eept the act Of the legislature authorizing issue Of
preferred stock. The act provides that the company
may 900 shares at not less than 800 per share
upon which five per ntnerest must be paid Out Of the
first earnings of the road forever This act rendered
necessary account Of the embarrassed POSI-
ton Of the company it having $685. 800 mortgage bonds
falling due in 1885, $49 200 in June 1853 and s104 al
bills payable. For two years past the directors have
leased eleven miles Of their road lying between Fchburg
and South Ashburnham to the Cheshire Railroad Compa
ny, they using 1t in together. The directors
asked for confirmation in the contract and for authority
to continue the lease after the present shall expire
If tey it, The President stated that the road had
been two years by the company themselves and two
years conformity under the lease The first year the rent
amounted to $32 000 and the second it advanced to
O00 and had been far profitable under the lease
than II was before After little opposition and
explanation, the authority requested was unanimously
granted
The Hrat animal report OF the Springfield Mount Vernon
and Pttburg Railroad Company gives the annexed state
ment Of the available resources
SPRINGFIELD NOUN vxRyoy AND PrrrsBUno RAILROAD
County city and township subscriptions . $40 900
Individual subscriptions along the line. 475 900
Subscriptions from abroad, proposed and part
First Mortgage Bonds western Division issued 5oo ooo
80 Eastern do, to be isued.. 500, 0oo
Total. ..S221o, 900
1t Is said the cost of the work will not exceed the re-
sources The length Of this line il about us miles and
tho distance from Cincinnati TO Pttsburg 10 about 34s
The heavy work the line between Springfield and Della
in state OF forvardness and the whole line be-
these points will be ready receive the rails
time in the month OF April next.