New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-24

To.
Making the entire capital stock s6,sef,6O ihe
amount expended on the new works at tins time was
The construction of the Goshen Line, which had
been commenced in 1852 was interrupted ab)ut the
close of Last wear by the suspension Of the contractors
In Nav last The work was re-et and operations have
since been going steadily forward. we oeiieve aoou'
si1v miles of this work have been already completed
The remainder is To be opened early next year.
Twenty miles Of the Jackson Branch are IN opera
,on The work on the remainder was stopped IN
Atrl in consequence of an injunction granted a. tue
suit Of the Central Company.
The Michigan Southern aud Northern lndi ana Com.
psnes effected consolidation in April OF the present
Tie receipts of the road for the year ending 30ih Of
June 1855 were about go no. 600; expenses, laooui
g. 600; leaving little less thsn 900 oOo az ne,
earnngs Out of this two cash dividends OF Y cent
each were paid in January and July.
The stock of thetunied corporation amounts 70 go,
e2s 900: tbe funded debt to s. 500 00O and The oat-
ing debt TO sos 600 IL will be observed that ee as'
has been reduced one half since the report OF ls5f
In addition TO steamboat property which has cost
the corporation over 5000 co., II holds stock and bonds
in or companies and connecting lines of road to the
amount of over $4,000.
The line when completed will embrace about 40
miles of road and must continue to form one oil the
few leading lines OF the country. its western Ter
minus at tie head of Lake Michigan, IL prooaoiy al
pr, a nj the greatest railroad center on the Nor Amer
lean Continent The travel and much OF the treght
husiness of "A couptrv 10 the North west West aud
South west OF this point must always concentrate mere
TO and from the East Inc completion OF me Goshoh
Lire will furnish in connection With the Lake Slore
and Erie Roads much the shortest line between New
York and Chicago. such a line may be said almost 10
DEFY competition Already have the gross receipts run
M to double the amount Of the first year and much ex-
ceeded the original estimates. The expenses OF oper-
atipg are reasonable and must continue The great
stock basis on which the work rests will put their Sc
ourtes beyond the ordinary fluctuations OF the mar
ket and make their bonds certain investment as
in the nature of things it possible for such to be-
The rohr stock of the company al the LIST OF Jan
uary last was 40 locomotives, 81 passenger and BOB
freie bt cars. We believe some additions have since
been made TO the equipment.
The Directors for the present year are John WIkin-
SOD, lPreeident) Edwin c. Litchfeld, Ireasurerl
John h. Jervis late President John Stryker, Chas.
Butler, Hugh White, John S. Barry, Elisha {. Itch
field, Ezekiel Morrison Hamilton White, ID. b. 81.
John, Edwin ID. Morgan aud Thomas Barrow. John
NJ HOPKINS is Secretary, George II. Ford, Deputy
Treasurer. and James Moore, Superintendent.
The fiscal year of the Company enied June 30. We
have not received their report under that date but
dersrand that il will soon be. issued The forthcoming
financial statement will not assured, differ ma
terially from the above. We understand that the
Company propose to consolidate their several issues oil
Dor DIS by an issue upon their whole property OF $4,000
co., OF this g, 500 600 to be used for retiring the
outstanding bonds 81 $50 coo for the finishing OF their
various works; and the balance 81 $50 600, TO be re
served for double track but not to be used till 1857
The total cost of the AS miles of road leaving out the
amount reserved for double track, will be represented
as follows: $1,000.
Capital stock. .............'..s'.'.'... To,5<sSn
Consolidated bonds ....'.''''''''''''.'' o''oO""