New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-16

as by the break OF sarge the fAe
Of q eneers, and the May freshet
THE PROSPECTIVE REVENUE.
The PTedent estimates the gross eAIDnss for tie next year
s,s afo Witch be trm. hi adsmti TO he s5e 20 dive
opinion ooLcens the precise es1 bot II 80 iat %. Is AZ
ssoB confidence decided Increase both 10 the goss
ca bet ,srn VI the iOsd, We FL lJ agree wiki e
Noiwhs snai tie systematic management sihe roa ~ -
the opnn your officers hst ceoded 81 be
81, .d IN ht tsDspouston expenses By the increase IN
tariffs vhh hs. into effect sno the promised 70
think thst you nsy count upon dseiaed gsn
uron the reu Of The y" just closed even without tue az
ucl iitd iucrtsse il business.
the measure of the unets the New York and Ere
bsctd From The opening IN 1881 uo'i My i u was N tne
condition Of vita one arm IL Rad virtually oui one
track with insufficient sicinss ard iumouis srsai as 'he
were with Incomplete Iosobd cuttnes emhankuent' and
AIous stock sisnty added to ard yet eseI behnd II.
sso Us IN the Construct IA OF It's second f'es
Thee ihns. are now chsused. With the exception Of ~
order hsn before the cuttings are
wdtptd ard brought to he naas slope The me |.
in good order The station houses wood hed
sdcque-e wants a. shown by etp-r-nce
oet i6outh not as large g. the Directors seem to
sire viii meet demands 'or some time 20 come when 40
wolks in progress completed which can Dc cone ioi
The N.w.Yok and Erie Railroad annually sbou;
conrucn. Tits competitor for the enormous PASSENGER
ard iee buness Of the Lake country The Nerh,Wet and
lie Valley Of The Ohio the Mississippi with which 1t Is
10 have bceT connections than nov" pass
through line Of country having no other eastern outlet Oy
wbOe pTodU ions bully sud which has hitherto been iesi
cause mere difficult Of sccess; and is tributaries ttate
the richest neral and agricultural sud. In the Union
When whist it has already dors while new lncul
brtd without perfect connections we have no oincuy
IN destined do decidedly more with eXpe-
without ncumbrsnce 10 the aihe and WIN eonnee
tiOrs Wished
Al The same time shut 70 its financial
COZ diton tie difficulties with which your
Board conieLd and bear willing esnony 70 Your
uniting txeiiions 10 sUrmouIt them BAT we
II ps you will sgee WITH that the recent eT situation Of
the ComIaBy has the npIudenoe OF Anticipating
esb.s LARGELY and calls oI fnkness and Juicious man
The part Of the directors II The public can be as
sar. that he conjunction closed and scheme can
be yis,d retiring the floating debmsS ing at the 81
tine cye prov OLs for meeting the unded-we see
pothLe this Road from becoming Of the moot
vsnuble railway properties in The world.
10 tn result recommend:
! Tibet The Construction account be ccs-d
arif price Of freight and
both through We believe that i'm mediate judou
addition the not only due 20 the stocAhod
bu, will essentially conduce 70 the permanent welfare Of
the Company .
That d!,idends be paid till the floating debt is dis
poSd OF 49,
That linking fund be established be paid monthly into
the hands OF Trustees indie pendent OF the Company
That the President and Vice President Of the Company be
required give their whole aud undivided attention %
the duties Of their respective Offices We think this Is nd
rensAte proper OF corporation
the NewYok Erie Railroad Company. All Of which is
respectfully submitted.
JAMES BROWN CALEB o. HALsrED,
THOMAS TILEsTON, DAVID HOADLEY,
ID u WILLIAMSON JOHN II. GOURLlE,
JOHN z WILLIAMS, j. C. BANCROFT DAVIS.
Ner- York, October 10, 1854