The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-17


io'si. $3.50 $50
This sinking fund IL equal three aud quar- tsr per
cent en- the capital sock which wi the cash net cara
ines for the fiscal year makes aggregate of 23x
per csat, which thu stock holders In hs company
titled to in some shape W. have already shown how
fourteen Ier cen. viii be divided cash. but we are Gu
riou TO know how the other nine aud half par ceat a
10 he distributed. not Paid now, II must 60 TO thu
credit Of the dir'eni fund Every doll.r OF the ne.
earnings of railroad company sfcr providing literally
for renewal fund should 90 the stockb dera any
PORTION IL expanded the road or ia the add ion OF
rolling power, IT should b. divided in stock We op
poesd To stock dividends only there have
stock earnings.
II requires something for In this late day and
generation thag simple dgurog OF eight per cent net
20 induce Vs. 20 invest money A par the neighb,
hood Of par In railroad stock. road that makes only
show OF eight cent and cannot by Law be allo we'd
psy ten, and has fair chance Of being compelled
by necessity to down TO six il not tho stock
our money Al IS or 90. First Of AL We prefer bond
and r'ssRe real estate, first lien seven par cent
which il FREQ from all Contingencies. Next, for snrc
bihgs We sh"u q take FIRST mortgage por
cent railroad bond, millions Of which, good gold
be bought for from eighty to ninety per cent These
are equally free from contingencies with tho real estate
NOR gage Khd Yield much a. New York Central with
I've best foot foremost But II Determined take an alb
soue venture In railroad stocks, very certain
that should 60 IN for those which show twenty ami
Thirty per cent net besides ample reservation for DO
precintioDs, contingencies, &c.
These are the stocks for our money. We would a.
aeon think u investing In Gny farm Long
lrlsnd, instead VI i've thousand ditto in Wis
consn, M put money in any road In this State
in preference to the West laad spec ,s,ion would
leave ur ten years hence. In tho poorer
when We started, while la the o.her should DO .
millionaire. II is precisely the with railroad
Lves ment The fact is The railroads about bele are
used up They have their best days They are on
the dovnbill Of life and will deadpast praying
Tor They have been bungled and msmausged and
~nsted, III the quintesscence Is now almost out Of
sight Half their capital has been sunk in construction
81 roundabout tracks useless branches inclined places
old fsshioned cars engines rails, ties bridges 6c &c
ILL 81 which are thrown away, but all Of which
the day cost tho round dollars and to-day mus, be paid
fer ia the shape Of interest bonds, or div
dends ON stock. II does not take a very
aged Ierrou 10 remem Der when they rode
over sections Of the present great New York Central
In wheeled coach bedy drawn by horses Except
At the inclined psnes where stationary steam power
nset) aud over strap iron rail placed longitudinal
timbers md resting stone blocks few years later
spd all this changed. The Of different fashion
engine. instead OF horses deep cuts for inclined planes
and light rail for the sp iron year more
md all changed again. We have nov tho long
bodied cars, separate trucks boldng sixty persons
TIE thin s Of fifty pound' pcr neai yard has gisen
place, fret 10 Il .ixiy pounds then seventy and
Gnslly seventy FIVE pounds per lineal yard. The lon
'ud al obers stone bocks vanished 70 give
iargtndlnsl ss ties, and haa1y this Longitude
nal sils we're 'bro~n away altogether, aud gravel bal
lasting substituted The ten engine been thrown
away for OF sixteen, that for OF twenty aud
that sgsin far OF twenty, six Thesc subrituti1nH
and q ges bave cos, heap Of money-as much, Ia
which - sunk, lost, gone forever. Stockholders
however must continue TO pay tie interest every
q IT, precisely The though they had good ~
H. But shen II IL remembered that, beside this the
Central has voluntarily added 70 itse free gratis for
Eothirg debt u s14 600 goo who will wobder that
The stock down Ia market and the dividends de
erssse from year "a year, aad squeezed out With
grss and greater dn suItyi Who would buy stock
10 day Al 90 upon Witch the original purchaser bad
cleared hundred per esnx wo something
a. ibe opinion n the young who when offered a
bride embossed With fourteen city lots condition that
h. would SUPP ort the family, replied that h. thought
there va. land cheaper at the West.
The sbrsxed eta eneDt exhibits tho quantity and va.
Tue of certain articles orted from thu port during
iix tie destinso and extent II shipments 10 each
ri.ces-
cosxIRoE POM oy Nrw yoeg- WEEKLY ExroKn.