New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-29

" complete the caleP<ar year ana the afSfeeo" -
sI235, %, So The capital stock Of tre ComPanyH
a. e35, nj Of whih ere, 900 IL owned by me oon
psny. The debit eos, 800 in bonds ana sf'io, ID
bflr -,a,able. Iacudipg the dividend declared but
NOT nsid a, ,s,.ne Of making up The statement, the
&C ;.5eLt.dsess Of the Company is s37i,l27.
VA total r,st Of the Road end assets has been
a. no SIG H. in which Ia included City and County
hond, r. ilroad stock, bills receivable, cVh &c.
&c. 10 The amount Of te2I, 402. The assets not
needed for the operations Of the Company are much
more tan enough to pay Oh the entire indebtedness.
The ference between the cost Of the Road, &c, and
the amount Of capital stock and debt, s321es7 81,
he's accrued from net undivided earnings
The capital stcei Of the Company b. been
Increased daTios tho pss' year; ..::..': tFo4Ss
From this should be taken the reduction IN 800 .-,,.o
the smonnt Of outstanding boods....... q 1oes7lss
nr from sale Of stocks and the undivided prohu CT the
On .seoup. Of record track. including
materials on hand for the ame.... f476H 80
Os new equipments, tosIs' engines ,,oe7.v
On new warehouse. piIeinssnd WHAT -.
q, mf ',.,; ia t,,ct fs7S7@
On stock 10 Taihoel companies. mostly
on Of subscriptions pre- .,,o m ar, nss n.
ACKNOWLEDGEMENTS. 7oJ40 oc-s1siso' "
The length of the road with the Delaware branch
is 5l miles There is alsO 20 miles second track,
and 81 additional miles graded aud brdged. Amopg
the assets of the Company Cleveland City Bonds
s4e goo; Delaware County Bonds, s6,oOci Madison
County Bonds, 81 800; Stock Of Bellefontane and
Indiana Railroad Company, eco, 600; Stock Of lndi-
annapolis and Bellefontsine Railroad Company, s7O-
600; Stock Of Columbus and Xenis Railroad Com
pany, $500; Stock of Mississippi and Atlantic
Railroad Company, $4,000 Stock Of Columbus
Piqua and Indiana Railroad Company, slO,ooOi
Stock Of Buffalo and Cleveland Steamboats,, s5i OOo
Sock of Telegraph, $4,000; Scrip Of Buffalo Mutual
Insurance Company, $40; Loan to Cleveland and
Mabcnipg Railroad Company s24 900; Land not
required for Of road s32s79 &c. Bills receivable
see 1852 81; Balance due from Railroad Companies
md individuals, $40 500 Sc; c. c. & c. and G. r.
L. L. Companies, Joint account, sl99, ass OF; l..
TiIton, Superintendent 1856 ~; T. p. Handy, Treas
nrer, e47es &c; Total, g. l7O, 536 II. The aggre-
gate debt Of the Company, inclusive OF capital etOck
has not been increased during the past year beyond
Che increase the actual value OF the road ts equip
ments and eppurtcnances.
At the annual meeting of the Ohio and PenRsyl-
vania Railroad Co. held the 25th inst, the follow
ing gentlemen were elected Directors for the ensuing
year: w. Robinson Jr., Jno. Bsse, las. Marshall,
and Tho, Scott, Of Pennsylvaris; G. w. Baity, A.
Lynch, and u. Street Of Ohio Messrs. Bissell,
Marshall Scott, and Baily, are new members, to fill
vacancies oecasioned by death resignation. They
are among the leading men Of that portion of the
oountry. The meeting very largely attended.
The Piasturg Gazette says: The resolutions adopted
were drawn up with care, and were discussed with
great spirit. They are intended to throw proper
gu1ds ground the interests Of the stockholders to
keep up the credit Of the Companys bonds and stock
and 10 relieve the Company from prnvins liabilities
The following resolutions we're offered by Mr.. j. F.
ID. xJanier, of Winslow, Lanier & CO. Of Nev-york,
and were upspimously adopted:
Resd ,tocl hereby instruct ire yseto
a {
pbsern r. he scck Of any other - 20 sse
bsdas PIE ou.iy obtained asssua annual eetns ana
:SS rS d.js notice b5 newspaper publication IN f"''
Res0d Tht the Directors hereby Instructed to prevent
M soeodA OF construction except such
= ma, be a6oiutsy necessary Tor Of the
Of the Road and for wrk already begun andsr the
nv furse wo on the second it to bs ascssdsd this
10 nui otherwise ordered by vote Of the
5teskbsdeT due notice to be given the@t 10 that end
Haoeas 10 ID, opinion OF the stoesaoi ar' Is says
s A s . sS. Eo O. Is. D: s tue OaS. Of
d: CemgsIy Therefore we recommend to The Bsard a.
purpose aforesaid the following s,,e Of the Company with
iss asitssss BOND. Of Toe Ohio and Indiana Rail.
sia SGST1H, sow ssld By this % w. On, s'0'
snd Isesr. Railroad Observation-Disclosures. lootes
sne slso the further sum Of socoOoP year oet Of me ye
lhst each FIST day Of February and first day Of August.
BE- rsld That be the Board of Directors
oppen suitable trustee trustees to carry ou the m
.s,t Snd meaning Of these Instructions That the trustees be
saeted advertise half yearly 10 at least two newspapen
b the CITY Of New Yok and In the City OF Pts3nrfh,
ss they viii receive proposals. for the purchase OF leone
osdss the extent OF n. money o. baud Tor ha ana
Ihey shall In the aforesait by
purchasing the Income Bonds ~ the lowest rates orereo net
80 . :, :ess;nmend the Board Of Directors to make
as' wssnsys he 5T.sss shall iass%
sss o. The capital stock Of the Company s.cck dividend
sn sss DO made 20 the .haesodsr' Of the .ane,
ana on, ~ 10 tine accumulate
1ns Lands Of the Trustee hereafter
= sssolrd That the Board OF Directors psny
Sai then discretion ssae and sell the Income Convertible
SeSe O. the Company 70 the extent q $4,000 Coe in all In
s"e what alresdy ssaed should they
~ roper to do 50 fe the purpose of paying the debts Of
hsyooa the s2Oooooo.
,onmi'tee OF three was appointed 70 audit and
investigate the affairs of the Company and report at
meeting called for the 10th April 1855. Messrs.
*enaei Sornly, John Bissen, Jr., and John Shipton
s""e appointed on the above Com nittee. The re-
HUst If the President. which we suboin, shows that
y Awnings Of the Road have been tllll,e26 Is !
st s66s0oi 40 in ls53-an increase Of tf43, eel,
ee~'er &C cent. The cost of working the Road
cas- Teen about IS y cents on the gross earnings.
ips net earnings were s6l2, ll7-beng about IL v
~ on the cost Of the Road After charging of to
profit and loss the defalcation Of the Treasurer
ss,"ss, the result yields y cent. for the year,
~''h surplus of about $50, 600. From the amour:
rus tom the Treasurer ii is secel that ESQ 900 10
s'V,'No will be recovered The earnings Of the past
si1 menhs having been expended in the purchase Of
eqniPsge, &c. twas de;ded to declare dividend
Of cent in stock, which probably done 10 |
day. The Ohio and Pennsylvania Road com /
theyear with very favorable prospects, and will no
doubt, equal if il does rot excssd any authorizations
iosmed Ia regard 10 il.