The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-08

ces of the Cleveland and Toledo Railroad Company
is, as will be seen by it's tenor, from party desir
GUS Of placing its affairs in the most favorable light
The estimates are upon no better data than others
possess, who arrive at very different conclusions.
We give the writer the full benefit of our columns
for the purpose of placing before the public his
views relative to the future pr0ductveness of that
road
THE CLEVELAND AND TOLEDO ROAD
wish to state more, through your columns, the
present state Of this road and its prospects in the future
All the great lines Of railroad between the East and the
West between the Atlantic and the Mississippi must of
necessity, be profitable roads. All future time will
work for them and the gigantic settlements going in
Illinois, Iowa, Wisconsin, Minnesota Kansas and Ne
entertains an idea Roads, the most expen-
siveiy built and the worst managed will in the end pay
mighty mighty West Even Even the New York Central With its
capital OF forty millions, and straight line OF 800 miles,
assert that the Cleveland and Toledo with straight line
of 1Os miles, and capital Of six millions four hun
bred thousand dollars, is good road and will be, as
connecting lines completed, road OF
Let us consider first the position of the road It lies
ponts-Bufalo and Cleveland TO the east and Chicago
and st. Louis to the west The vast nood OF travel
laio era the Erie hand, and the
Hood which pours over the Michigan Southern and
oyer this road. From Cleveland to Chicago 1t is
by this road straight line, and from Cleveland to St.
Louis IL is straight line within fraction
thing centres al Cleveland 90 West these great
points. The Cleveland and Mahoning road will be
completed which will bring the travel from Philadelphia
TO Cieyeand and soon the great line of road from the st.
Louis to Toledo will be finished opening to this last
place. and centering at it not only the travel from
St. Louis but from three or four roads running into this
great branch line from the latter city. As this
branch line completed the Cleveland and Toledo road
will be to all intents aud purposes continuation Of ST.
Louis and Toledo road it ID Of the Chicago ami
Toledo road caled the Michigan Southern). these
to be both good roads what must the Cleveland and To-
ledo bes
Let US state the drawbacks TO the Cleveland AMI To-
ledo-1st. It has second branch eighty eight miles
it is continuation Of the Dayton and Cincinnati roads.
The local business this branch will pay running
pense and per cent interest at least upon It's stock
and bonds 1t is more injury to this road than the
road from Syracuse to Auburn and Canandaigua in
jury to the New York Central. ID. 1t has the compe
ton Of the Lake for four months in the for pssen
gers and six months for freight II has also regards
the travel Chicago the competition Of the Canada road
does not affect II more than the Erie affects the New
York Central With this competition II Is good road;
without IT. il would be of the very first roads in the
country. We clnnot expect every advantage united in
one line must be contened ut the present day with
good thing there too many competing lines for
exclusive monopoly But let us look at facts and figures
they things to go by. Let whether the
road will not pay cent at present the reader can
Louis il completed and the air line TO Chicago opened
The Cleveland and Toledo pays its dividends the lat
of April and October Its fiscal year then begins the
October this year win be s14 900 estimating August at
$4,000 and September at $4,000 which low cst
males The receipts lag. year. for tho period
1892 00ncrease 45 per cent The receipts from Oc.o
Der TO April last year COO II We add the
rate of increase TO the receipts Of the next six months
beginning the LIST October shall have s6I2 900 This
Is low estimate, when consider the immense crop
which i coming OF, and the opening Of some 200 miles of
the Wabash and Erie road These two items give the
total receipts Of the current year 000 Deduct in
erest on So 800 600 bonds which and we have
gross receipts SSH 900 So far there Is not the least
ex8pgeTation in fact have moderated in opinion
the result. The next question Is, What will the run
ming expenses beY They viii not any case exceed 30
per cent. The President, Of the most experienced
railroads in this country, states positively that
they will not exceed rs per cent. OF this, have
selves doubt Deduct this per cenage from the tot
income Of s1o56, 600, and have StT5,c0o. Deduct
this from SSH 600 and have net income,
1896 Geo. TO be divided 81 500 900 OF stocthat Is
say, 10 per cent and surplus OF 5000.
The road has floating debt OF sl32, 600 1t has
hand cash assets $40 000 such the &ct in rela-
ton TO this road II is good 10 per cent road at present
and will have all the future working for IT, whoever
has faith in great Eastern and Western lines Of roads,
cannot fail to have faith in this. II il integral part
Of those roads and nothing turn the travel IRON it,
A. D.