The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-26

sel6sh local interest They are every day illustrated
and proclaimed in the Official reports In the monthly
reports have the increased receipts but not the in
creased expenses and in the annual dividends we have
either corresponding increase of capital or floating
debt equal to the divided.
We have in this State expenditure of nearly one
hundred and twenty millions ofdoars in railroads which
sum an average Of three per cent The Erie Harlem,
Hudson River, Ogdensburg and Saratoga do not pay
cent in the shape Of dividends and of them do not
pay the interest bondsissued The New York Central
pays eight per cent capital of S25 ,0o0 which
tends materially to bring up the small average named
That company representing about onchrd of the entire
railroad capital of the State is not key to continue long
in its present apparently prosperous condition. has
been in operation about twenty-five years. AMI the road
has become old diapidated and ckety No reservation
has been made year for depreciation and the frank
and superstructure had down low las. year. that
three millions Of dollars had to be spent upon the line at
once to keep in decent order That three millions
by issue of bonds notwithstanding which the
toalnet earnings have since been divided dividends and
provision made for future extraordinary repairs The
managers have squeezed out the regular four per cent
semiannual dividend by the skin of their teeth while
the decay and damages 10 property which represented
to have cost upwards Of thrtyeigh millions of dollars
exposed to wear and tear of heavy traffic, and dangers
dollar The attention and exertions Of the managers
have been devoted entirely to the payment Of dividends
without giving thought to the preservation in proper
order of the immense amount of perishabe property
necessary to the future prosperity the company
Very another three millions of dollars will be raised
by issue of bonds to repair the track Every dol
lar of that is required for that purpose this
ment and every months delay is only adding largely to
the expenditure Had this company done from the start
what the Gaena and Chicago Chicago and Rock Island
and Michigan Southern have-made proper reservation
from its earnings for depreciation and other contngen
ciehe stockhol ders would have got smaller dividends
but the construction account would have been many
millions less than what 1t is.
The North American Gutta Percha Company have
brought their manufactures to wonderful perfection.
Their vulcanized guta percha fabrics, manufactured
der patents are, without exception the most beautiful
and useful articles know of and is not at all
prsing that they have been compelled to extensively
large their works Gutta percha is far superior to India
rubber in the manufacture Of articles for domestic pur
poses India rubber is not perfect repeant of water
but is less absorbent while guta pecha has
exceedingly fine grain and its oily property makes it
complete repelan of all liquids. For whaemen it is
Indispensable for it will resist heat and OIL We learn
that the Of the United States have ordered Of
the company two thousand entire suits for the army
and that the British government have ordered ten thou
sand knapsacks. Until the works enlarged, the
pany cannot supply the orders already received from diff
ferent governments for garments &c. for their armies
The freedom from smell and sticking property and the
great piaby Of the vulcanzed gutta percha fabrics
make them particularly desirable and valuable. The
Secretary Of the Navy gave order to fully test gut
percha before introducing it into the service and the
port was follows:-
Six pea jackets, made of gutta percha fabric,
baled in the manner the cloth clothing for the
navy, under pressure of thirty TONS They then
placed steam boiler in the yard, and remained for
sixteen days subject to average temperature Of 100
degrees at times high 212 degrees. On examina
tion the garments found in the state when
packed. There adhesion of the folds, any de-
composition Of the guta percha. One jacket dripped
in water, rolled up and ewed in the covers, (but not
pressed) and subjected to the heat for three
days. On examination this also found uninjured
The following table shows the quantity of some of the
principal articles of produce left at tide water from the
Of navigation to the 22d of Sept inclusive
during the 1885, 14s days. 1854 1as days. and 1885,
lo,e