Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1855-06-01
Good counoll tor railroad lconpanleal

81 f.oo3 ronnoIl for Railroad Compantes
irbs hilowios;a,llele from llersRallI's Joutnsl
.sn,.;n. ,s1,,E. ami advice t6ati ia Quite ss On
NAM - ma Sonsltoioh Of ,aIIoadsik Artrca
,Sss -. - lsos4 RAJ have been built IN OF are
yet ~ ~ 49, n J. n,os,
onlulpg IN hnslaNa' s''V' y pi'''
10 theilesIte Of having toals completed o. any
cost his Ueet, more common iHthe West than In
80 pet lie weslstn States Tic maiSkets Of
''e 'NS" !" wy ~. Az .,..L
FaiItoads nave oeeh lenuHORe'S 's'0s' 1nep s'''A'
holders In oidet 10 secure the construction oil
,he;t fayorite RAILROAD ntolects, they have been
.,,is, ~, a.. s,ock ~, honi. ~ lhe comma.
w"""s " -" ~. ''Os ~, III, s.a.,aoa i,
Mes anu o'ne1 SECURITIES ~ o." s"S''pNs' ="
sonic instances the bonds Of counties and Fatl-
roaj; have bren Uattersrl away attic rate Of so
~, non, ,I,,codn,, There /, a mad now being
Ps' ee"'. u''SVe"" ~ - -" 49, ,,,''
built IN Missouri, wlls1c as We ate intoflnedc TWO
shares OF stock ate iSsUCd iot one paid, TIE ef'
"a, .,cb co,,,se e M make iLe inst cust of
e'' " S'S" y 800 III, All
lhe toau alIlaten''E uoWV's Wua' 'eA'" ~ gu"
faifoal thai In Truth divided ten per GEN. from
lie Earnings would spnear only 10 be earning five
.., Tlo ,.,r,o.I ,nt.,s,, to n,v snffs,in,
pet ce"'. '"' ''N'V'S '"'S''S' - ,''S,'Y'
tonl The Eoly mol TO say itaul Of tNet conuuc'o'F
ne oll confidence III their management 0n plo'
Jnclivan4sS has vanished. and no one will now in.
4'S','S'''', f.,.,..,,,. In.u,J
Sesl 10 new wotNs'-L 'a''t'.s 'O@""'
Take Care Of he GSpltd! Account hHV lae Hee'
tnue Hili take care q Hstg'-HH IernatSaole
fact that those lines In England when pay Iemu'
uetAtve dividends SEe those wlose capl1sl cOSl Is
light. From the same cause anu no o're1' ate Tue
Ffsnch ALWAYS eScelle'li ptopetueS: an
Nothing IS moIa easy OF explanation wan lIllS
Circumstance. Tile business Of Railways IS o.
ways highly profitable, Oul IS SELDOM Tue capt.
iai expenditure IS Otherwise Than e1'raNagant'-
Thus II Is that llnSe Hallway companies whlcl re-
aEe the largest amount Of ptOtl dsOuTse Tue low
est rate Of dividend.
Let line have the moderate extent NJ lfaihc
represented by $40 pei mile per week, or (abohO
G2000 pet mile pei alInum. Ihe expenses VellS
so pei ceRi'-lRUre Than which lhey ale not gell'
elally-hete is o proht oil l,UOO pet mile PEI
annum applicable to tile payment Of lnlete !
or dividend (Ot, which Is usual, IL both interest
and diyidend) oil whalevet cAnt1l has been ex'
pended. 1.-THE capital expended has been ElO,'
600 per mile, the dividend VIII l,e 10 per cent per
annuh,. Surprising no plttai lile GlU.Uu0 coIl'
tai was Tai'sd on loan, Out u eehsIaliy ine case
that Of least one'ihlfd Of the whole cuPllal Is 0ot'
Iowed, 500 Of Tue tlU,uuU per ihlIe Oeing Tor
towell al te liked tale OF interest OF pet ceh''j
there void be Gl5u oil The l'VVU per mile per an
nun profit for interest OH l0ahs, AUD ESSo apPi'
cable tU tile payment Of dividend OIL GIOlO per
mile raised by ordinary share G. pliol' This would
afford dividend al The tate Of about ~ net cent
per nnnum. But II tho capital expended W GSV,'
OO0 per mile, ne'third borrowed Al per cent,
thu ssrne rate OF revenue profit will niIVti Jlyl'
lelld uf only q pet cent pct annuin in place
Of 70,
II Is a gteat misfortune In railway aliaifs lhal
the MEN who generally cOMtfol anu Hltect tie cx'
pendltIteln Tie construction OF Iallwpys are Io'
fesSiUnally nfeJndlcel ~ iaytf oil an txtfaTasHnt
cotfEe. VINO StleclS tIIe hue, anu tleteOy ue.
lelmiues the material part oil The capital cosli
The engineer. What Interest has The tnglllreEl ~
selecting that line which VIII encounter lle lessi
extent Of tuhnelille, bridging, cutting, embank'
lnent, aud OtlteF heavy w0tks which tuh away
with the money by mllIiu!s, OF make Or mar Ihe
undertaking IN commercial Sensef ~ hllle ca
SOS OIL u len nUne whatever. Ills oOlecl IS 10
construct the finest work Of all, the grtaesl won.
Tel OF the age. To tOfm The Longest aud most Ill
cult tunnel Is 10 cteule worldwide lame lot lle
engineer though II he tie ruin Of the unfortunate
ShITt holders. Thames tunNel OF q AlGnaI bulge
will make great engineer, but Il sltOy lie pros
poets Of remuneration 10 Tie shareholders
Tie genius Of the engineer should " directed 10
following The COuiSe Of the SHAREHOLDERS interest,
which could be readily accomplished by eomPeH'
ing him ~ Unrest u considerable portion q his
sHIary in The ShGrts Of The company as Il PtrmG'
ntni inutslent II this had Teen done In the ll[st
lnslauce, wC would have had more lines mode for
$4,000 pet mile than 100000. another plan
would be- IL girr tie thgiHcera hrge per eehtGge
on all sariags on tapihi cost. This plan hSs
been most simultaneously adopted BY lOfeign
railway company, WIN hY This MEANS arc NOW
consltIclng lines al Z i,OGI per lille, while n,sm.
Int IiIle-a llalL Uftbe S'nrrOSl in iOfnlef tunes
Gil 900 per mile, uIlder Systcu' not cousideFed
80 .t,oI,Io,, lin ;,,,o,