The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-22
GAIEvA AND CmoAco RAn,noAp,


The total amount Of dividends paid in the ak
years previous TO May LIST, 1855, was % per cent
In August this year, dividend Of five per cent was
paid making total Of 1913 per cent since May LIST,
1850, leaving surplus in hand on the lat of May,
1856 Of 1915 ,754, equal to additional and
ahalf PER cent the capital. II will therefore be
feen by the above statement that this road has not
paid high dividends for year, but that II has paid
them from the start and we have no doubt 1t will
become more and more productive every year. This
year, 1t can pay twenty-five per cent on its capital
and leave about $3.50 000-equai to seventeen per
cent--in the treasury at the close. The Hartford
Times of the 10Th inst contains the following edito
rial article in reference to this road. Hartford IL the
centre Of an immense capital, and we have no doubt
the shrewd moneyed men of that city and vicinity
have been lucky enough to get hold Of this stock at
something below current rates.
GAYsA cmcAGo RAnRoap.
The Gnlena and Chicago Railroad appears 10 take tho
lead Of all Western railroads in ta receipts and in fact
Of every other railroad In the country, II the official
monthly statements OF its earnings correctly report
ed Its receipts IN August s205 ss1 total cost
up 70 this time Of rather less than ~ 600 O0or larger
than the receipts Of the Michigan Sonthern Michigan
Central roads on twice large capital and cost and
four times large those Of the Cleveland and Toledo
cost at present $500 900 greater To the
proportiona'e amount IT, cost the New York Central
should at lcait 81 100 900 month. The receipts
III the Galena road for August show increase Of
leo per cent for 81 miles Of road the esrnngs
Of ls6 miles n road last year and exceed the estimates
expectations for the month by the directors
in their annual report $50 600 than third
The receipts for May 600 In June sl2j 900 in
July sis5 SEQ IN August 5000 s0otwo Of these being
what they call the duest railroad months at the West
and all about 100 per cent last year The receipts
for september and October the crop pected
to be at least $3.50 900 for each month The surplus
earnings Of the road after deductn dividends paid
already exceed $500 600 10 per cent It's capital
stock and the rate Of earnings FOR the rest Of The
year added 10 their surplus would produce dividend Of
25 per cent for the year II the earnings only 81
400 600, allowing hfy per cent for running expenses
though they are only called 90 leaves u Of net
profit.
For the first three years The dividends on this road
averaged Is per cent Tor the last three years they have
averaged 20 per Int for each year and H. increased
receipts last year stated At 100 per cent, with
only IL per cent length Of road. We advert % II
because II to be sort Of exception 10 all other
railroad at the West In greatly increasing its
earnings per mile it, length has been increased. The
present receipts per e equal To those Of several 81
the best Eastern roads which have cost three tmes
much per mile The constant earonv by this road "
gree. q profit any other railroad a. the West
II sscrbed to the fact Of IT. having virtual monopoly ~
THE transportation ~ broad and very rich belt 81
try lying between Chicago and the Misssaipp Not hay
ing like most other Western railroads any lake river
canal competition any rival roads ~ contend WITH Il
commands high rates tor ia freight and travel Am pg
Other small Items II has paid about as90 oo1
10 e.ngush air line which had been projected ~
New York men TO compete with il. n thoge d not tho
most unprindped lying Ia the ohcia mapthiy returns
" larger per eeniage Of profit IL capital than any
Other railroad ever projected
The monthly statements - enormous receipts pubsh
Ell by the directors ~ the GalenA and ChcA-
70 road have attracted attention because
ihey amount precisely 10 this-that a road which
last year earned twenty per cent IT, capt
tai with 1se miles u completed road has FIR the last
four months increaed A earning about ninety per
The months last year with only ~ miles ~
completed road on the rnpposign that thee og,r.I
statements u earning are trae Il follows not mat
ter n conjecture, but q aeolnte demonstration ihaf
al. tftslsfs,
Central worth 100 the stock II the Gaena rad &
selling than eighty per cent below ~ real value
The Hartford and New Haven Il another sound
and safe railroad-one in which man can invest
his capital with guaranty that he viii get good
dividends, regularly at the appointed time. II 4
abont the only properly managed railroad In New
England. The annexed statement exhibits r. gros
and net earnings for the iscal year ending August
81, 1855 =
HaEryoRD AVID sEw HAyES RAnaoAp.
Received from pa,.ensef' at 5 y
10. 10. mails, rents, ac M. s7s ss
a;5ooio >
Running expenses. .ss77 ~ a.
Interest On bonds............. 1868 g.-32 l67 o.
Ne, NEUTRALITY-SUSPICIOUS. 40 u
--or thirteen per cent 90 ,be riiai siock
The following synopsis Of the proceedings u the
stockholders' meeting and Of The annual report We
take from the Hartford Tisnss
The regular srTai annual dividend ~ eve Per eeuf "a
voted payable the lat ~ October also eztra dvi
dend a Eve per cent, payable the 18Th ~ January
next The regular dividend ~ eve per e~at ~lli alto
BE- paid the lat u April nsri mailing cash dividend
~ bfsen Ter cent ~ liz months Tie earning n
The f,i 81 the lat rlree years On The espgss ~
have been thirteen pr cent per sDnum sn1 ths surplus
esfnings after making ~. extra dyaena ss
January, amount 70 s0usrthing over $4,000 F.gs
company Isduiges M THE Peter Funk praettre
common with Western railroads. a making rat~r aiy
dsnds
me- report stated that tho track and sqals-.e, a, a.,
road Va the bcsi Islbc condition. Nnd Tia ~.
prospects Cor large and stssdy increase a IL slss
and recripA rom yeAs 10 year, rresnsiy g1<,i
The through trare BY railroad between Ns~ Yorf aad
Pos'on u eont,sniiy The ineres1e nfxi,brssndng
the improved character ~ steamboats, on n sa4ad.
The brye receipts ~ mo Pct yrar darint ssssn a a.
mot unprecedented contraction busiaesa mans.
scsares and severe pressae Ia ,hs 1ea1y asae slex