The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-13
PRICE TWO CENTS.

Is per centtbe last In October 1858. Both tine stocA
su6scrpors paid up N cah, without dcfsioston
or discount, making o., ,5oo,0eo
sf0cK DIvrpEND.
On the lst Janusry, 1858, stock dividend vss dc.
time, amounting TO Sl2i,t72 which makes the whole
amount OF stock hsuea amount 10 ~ o.1512
rihsI Issuk OF cosvERrrsLE gorDs:
In May, 1891 under ths authority cont sined In the
eighth seton OF theu charter proposals made 70
issue convertible bonds te extent Of s0ooOoo which
were all subscribed for at par and for In cash BY
instalmebcG
1coSp IssuK or cosSRarIBLE soSps-
the further amount IN convsrtb;s bonds or AIS.
which taken at the price 81 % cents, and
oa II in.sses IN the ananea S.so@y Of III. e"ms.ss
when thsy fail'd 20 get Tor thv soeurt aud A
tt. financial crisis commencing In the latter par u
1854 -
whcle amount OF convertible bonds. .... sa,s7ss2s
Whole amount ofiunaed debt ............ 100000
Bosps CONVERTED rsro srocx.
on the bonds, there bad been converted into stssk
prior 20 Noveme,s 1883 $4,000
And subsequently J"....... ............,. $4,000
Total. ...........................-. s2S3, ,oos
tracted from tLs bonds, makes the account
stand thus
stock. s2sT4, sz2
Total. $4,000, 900
nearly all Of which has been taken By Americans
WAISTS OF TIM COMPANY.
The company being limited by the charter, TO capt
monsJ convertible bonds and they nov ask for su-
thorty 10 lssae such bonds from limo 10 time, and for
That purpoe, to nt theIr capita. stock from ums
% time 10 that ahall not an exceed seven mons.
This Il wauted--frst, 90 discharge son,s temporary
outstanding loans for tho prosecution Of tho wosk,
amounting to sooo, 600 Second 70 complete ,hs WORK
the TRACK 10 Panama, about 800 ooD rhrd for tho
eddihopsl equipment. which wiz oe required Tor this In
cresfed traffic, the completion of the road for iron
ir,isht hnaea lgnum vita p,le and for improvsments
required Ia the hafborp tse 6rmiu Of the road al
Aspinea aud Panama, In orier 70 make secsss 10 TIN
road easy and safe sl COO 600 The nec~ssty
some work OF his klnd at no datan period sbosa by
the iniegen o lately received by the North star q
the detention and enbarrnFmeais caused 10 thas and
Other vessels, by want Of peotetclon from tho ~inds,
and goood barborage Receipts Tae gros. receipt. 70
February, 1854 being for most OF the tme from t~en
ty-thrse miles Of road were. .......... GIl lb2o IL
And from February, 1884, 10 Oct. ~, 1854
during which period VI miles we're open. Sl00 900 %
The running expenses ..r.. asa 1ao o5
credit to New Granadinn govt. 1900 2s
Transportation OF mails ........ 2li,O32 CJ
% m.ii. . aa.'.i'... r.oro'u'a .o s1o es sssel. 50
Ne, receipts. 40, ,sii s7
Out o ~b,ch and the estimated reeept. for Novemesr
aud December there have been paid dividends a. fol-
July 1853 per cent on 81 10, oe2 10 .sioo 7os 10
January, 1884, ~ per cent ~ 7io,32. e5.oso %
July, 1854, sk per cent on $50, 900 s9,l2o 90
January, 1885, 81 per cent o. ioo,o2s 70
Total ,v2s IL
Besides paying the interest bonds These dividends
Board OF Directors the of which have almost
universally been admitted that Stockholders entitled
10 the earnings Of road while In process of constrao
ton. The variations In the ampunt ~ stock upon which
divSends have been declared caused by ooaversons
OF bonds into stock from ,me to time
TRAINS.
There has been thus far but train each way Per
day for Sx days the week, aud ths greater part a
the amount from has been raesved from the
steamer trains which, with fr~ syceptlons have besa
only twie. In each month. Tho amount of freight
tsisn on all the trains has been lim,.d only to The
the want Of sufficient muls transportation from the
terminus, 10 Panama
YuTrRE BusIsgss.
The future business Of tho road has been varousiy
of new lines Of steamers TO A.pinwal from didsrea
parts lin Of which, IL the company p~su
psrily interested 20 Justify ihs directors In III
confident reliance the neom. Of the road bsas
sufficient 70 discharge all cations and snAbs thsss
10 accommodate the public the mos, liberal tsrns.
YAHra.
No complaint has been made far be isarnsd,
from any qunfsr, concsrsng tho rates u fare and
IN ght which have been raised the road has
tended With the present imperfect kno~sjgs Of tn
working OF tsri1 Of prices IL is impossible 10 lay
down any rule that vii b. Just as permanent arrange
mcnt
The competition of the Nicaragua route, IN
tive operaton and of the three others proposed viii De-
u u thought, SUFFICIENT check against ettravaTaat
prices.
1be i.gi'ls'ure hasibe risht AT any tins 10 modify
or alter the charter
oomrTrrE's RKroRT.
The COMMITTEES on C0mmsrrs, Ia whom referred
the bill 10 amend tie entitled " An tn.orpyrsts
the Panama Railr. ad CON mpanytt recommend (, the
Sebste the favorabl. oonslsraiJn Of this hill batsd
70 their confederation, and ss rsason for is passage.
smbody the for going facts connected rh tbe o1
progrsss and finances ~ the company which thsy
lisye 10 be substantially eorr,ct.
Rsspeetiuny submitted, tEAsTus BROOKS, Ch'n.