The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-08


The Assistant Treasurer reports to-day fellows
balance Z" " ......... ....... .6,847, 053 o.
laid Tor Assay office "a, go ~
Paid on dishursing checks 1913 76l 6e
The payments to-day include $500 600 sent to washng
ton ard 500 GOO to Philadelphia.
The warrants entered at the Treasury Department
Washington on the 5th inst as follows
For the redemption OF stocks .......... $21 1857 90
Fl the Treasury Department. ............ 2083 30
FOR the interior Department-..... $500 ~
War warrants received and entered -. 49,. 1875 s56 rs
War repay warrants received and entered 49,. All OF
Tn account OF the Navy .................. D,64 90
Mr. Albert H. Nicolay's regular semi.wceky auction
sale of stocks and bonds will take place TO morrow
bursdsy at 12a O'Clock, a. the Merchants Exchange.
The New York Central Railroad organ ALBANY Jovnatl
gives the follow ing little bit of the benght
ed stockholders of that
Tie sweeping assertion in the article of October 49, that
the Central Rsrcad c1u be built and equipped for
fifteen millions of dollars should of Itself forever blunt all
criticism In the Herald upon railroad management. Its
the merest cbds babbe II It be NOT purposed mi-repe
senaiop Double the money tina. this road has cost,
would not now buy the exceedingly ample AMI valuable
real estate 1t from Buffalo harbor to the Albany
oasin. and build and stocS the Hoe. Everybody knows
this
The distance from Albany to Buffalo is 297 miles, AM
the lines OF road forming the New York Central Company
cost the present stockholders nearly forty millions Of dol
ars The through line IA only 29T miles long and only
that length Of road j. required 70 do the through and
local business but the "gand consolidating clique"
aged by getting hoi Of roads running north and south
east and and by doubling the track part of the
through line to increase the length Of road 20 562 miles
The average for the whole length is according 10 the
report for 1855 about $4,000 per mile II take even
this extrayagant per mile data direct road from
Albany to Buffalo would only SO 900 00o but
doubts that railroad from hs North river to Lake Erie
along the latitude Of the Central could be constructed
less than $50 600 per mile The average cot Of tn
Michigan Southern Galena and Chicago Erie aud Cleve
land Buffalo and Erie, is about SIS 600 per mile At the
same cost per mile the New York Central yull haye
been built for 81 600 double that for double track
and we have $l5 COO O00-but little more than ehr
Of the p reported cost Of the line now In opera
| The New York Central has extensive or expressive
depots. There is hardly railroad the country n, 1t
better provided with local facilities for doing business.
At Albany it has old shed for depot ana the
papy about making large expenditure for accom-
modations at that point. the amount Of which will OF
go into construction account 1t pretty certain
that up this time not much of the so 900 expend
ed by the Central Company has gone into dpos aud ae
bulk Of tina ia represented by several hu
dred miles of ida and rapidly decayng ira H. -
| equipments are all seconi aud third rate, aud :
| every Western railroad Of any extent is better
|
than The New York CentraL The A." exceedingly ample
and valuable real estate IL fem Buffalo hroor e.
the Albany basin" is composed principally of the land
upon which the rails Laid or what Il known the
right Of way. The company have elevator SO q.
n Buffalo, ordinary depots at Rochester few o
randy plain near Schenectady, and few lots. w.h.
out buildings, At Albany. The elevator Buffalo cost
the company nearly double what it did the Vice Pre-
dent If the road That Individual having an eye to the
main chance. and being afraid the company woald A
into bad hands and get badly cheated purchased for il
an elevator for 500 COO and charged the mode AZ,
commission OF only SEQ 600 for his trouble in maxim
the transfer. The few Of sand plains n.a
schenectady are really worth nothing for railroa,
| purposes. There never railroad In this coun
| try skinned 20 close the New York Central. I
has little 10 show for the money invested In s stool
and bonds, that traveller passing along line wondoa
where all weut TO. This question cannot be answere
by looking at the companys property. But porti,n
the many mi lions represented by bonds AID stock ha
been actually expended toe line. The managers al
nit that the road only actually twenty-five OF tn
forty millions Of dollars reported They admit oil thi
openly boldly In their last annual report 10 tn
| state Engineer. such n fact should be sufficient
to Tighten any stockholder who looks for dividend
| on his Investment. To the spectator IL make
| little difference, for he look. for his dividends 1,
the rise fall In market value. To ousid. holder
who lives quietly in some interior village away from tn
excitement 81 Wall street who patiently awaits for tn.
return Of tue smi-auuua dividend day Il ia imporan
tina, no doubt uncertainty regarding bis iavestmen
sho uId exist and hat the perfs shou
be entertained. Holders Of New York Central Railroa
stock who shut their eyes 20 the tact that the capital
that company rapidly increasing. while it, net income
steadily decreasing to the fact that s dividends mus
inevitably be reduced to within the earnings
Win not have live long regret It, few weeks since
| 4 No.