The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-20


OF the travel this route the Reading Railroad Com
pany control tie trunk line from Philadelphia to Port
Clinton distance Of sevsnt,- seLs .@iivs Travel and
trs#. rhitadslpha to the Western lakes must
take this route Heretofore this has been
principally BY the way Of New York. The distance
from this city to Buffalo, via the Hudson River and
Central Railroad, is 476 miles, vis the Erie Railroad
about 40 miles, Add to this the distance bet ween Ne
York and Philadelphia e6 miles, and we have an 81
gregate of about $40 miles against 424 miles direct be.
tween Philadelphia and Buffalo via the Reading Rail.
road. In relation to the opening and operation OF this
route the last report Of the Reading Railroad Company
ssys- l* aa
The managers looS forward, and with great con A.
merchandise traffic The great line Of road to the North
and west to which alusion made In the last tSo
reports via the Little schuyki cstaxissa, Williams
Enira roads, was opened on December ls, last These
works, costing at least 0oo direct feeders
cation made to the various and important roads In
Western New York. and thus with the Canasas and the
without railroad facilities opened to Philadelphia
and direct line Of communication to the great lakes
to New York thus Secured IL properly scoo on
date 80 large business as may be confidently expected
win be totally insie nacant when Compared With The
large capital invested in thess works. thus bringing
their passengers and traffic the line Of this road
From the returns Of business en- the Reading Railroad
that the tributaries have AL been more productive than
anticipated and that the receipts from the new connect
ing lines viii be quite large. The Reading Company
have made co estimate OF income from addrrsaal
sources fol- the year 1855. The mauagsrs nave simply
calculated upon an increased reven" from merchandise
and passengers large enough - Offset ary dminuton
from the Goa trade on this basis, says the report,
the result OF account for 1856 will be not
less favorable than tho following
Net profits as in 1854. DO 43s IL
Deduct interest on bonds. .$545, s64
ON BIDS. and mts 2o.32s
floating debt
maturing from Dec to July
next, say................. loo,VOo
--- e75, 2s2 90
Totul. ...... 81, 1896, l4s 81
In this year. and at last the original design of the
projectors of this work has been attained and while
win continue, heretofore to the public, the
greatest carrier Of the cheapest fuel IL will also
its true position of the leading avenues
of travel and traffic 70 the Moth and West,
Tbe net earnings for the four months OF the nres:..
fiscal year are $Ie2 81 over aud above those for the
same tIme last year The conipanys estimate has al
ready been exceeded that much third Of the year.
The gross income Of the Reading Railroad for the Hrst
four months Of 1854 amounted to s74 $50 co. and for
the Time in 1856 10 81 COG 200 49, In 1854 the re-
csipts for the frat four months were equal to oneth
or the aggregate TOT tbe year In the event OF the
proportion holding good this year. the aggregate
receipts for 1855 viii amount to 4S2 40 There is
very little doubt but that the will he consdera
bly, larger in proportion for the remaining eight months
Of the present year than for the past four the traffic
the connecting lines has jet hardly commenced The
passenger business must be very large through the
months, ard in the fall the transportation OF
produce to market win prove important item In the
income Of the Reading Company. It now forms the
trunk line over which the trade OF large section Of
country must pass and into which the business Of nu
msrcur connecting roads must be merged before meet
ing tide water.