New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-13

Jbe report says:
/" In estimating the value of the stock, from this
statement the question arises, what proportion does
The sum of $40 OF 068 g. the total amount of the cap
nA and Indebtedness bear to the value OF the road
Its equipment and the real estate held by the Com
"If we deduct from the total assets the items of
doubtful value including the iron for the possession Of
which q suit is now pending, and all claims against
he firm of X. g. G. l.. Schuyler, there will be an az
gregate deficiency of 81 253, $40 "a flor which, how
ever the ID esent Board not responsibility and the
road its equipment and the real estate are not over
citation to be charged upon the stock OF the Company
AS respects the road and its appurtenances, stand
ng the books including the actual and prospective
valuation Of 1888 372 g. there may be differences of
opinion. It's length as laid reduced to equiv ,len
In single track is equal to 1Sl miles, and the above
valuation is equal to $40 S75 per mile; but little
than the cost Of the corresponding items of the New
York and Ere Railroad, and considerably less than
those Of the Hudson River Road appears from the
trail the only three roads in the State of New York;
whose aggregate earnings exceed those Of road and
only six of the whole number in the State equal us in
amount earned per Die"
IaIegard to the floating debt the report says
:" The floating debt of the Company, which on the
Goth September 1855, after deducng real estate, NOR
cages cash and credit items, stood loo 80, was
reduced the 3lst March 1856 as shown by the last
yVport to 1885 794 05, and stood, on th September
I856. at $299, 1852 % This was however, only its
amount nominaIy for the of sl42 592 5S was rep
resented by wood and other materials actually on hand
and the balance could at any time be met out oil real
fetae not In USE and not covered by the mortgages,
and by unissued bonds, should the Board deem 1t ad-
yssbe 70 make such arrangements; but at present II
n considered impotc to do, most of the amount
does Lot carry interest at ALL besrs such rates as is
more TO the advantage Of the Company to pay than 70
submit to the losses the forced payment OF the debt
would entail"
The increase in the net earnings during the three
years past is shown in the annexed table:
Tota Total
Sent .S.s s s ssSisfc % IS SAN ss
Sept sSsSs . i,SiOsss s 1851 e. IS Il 1851 Is
The favorable result of the last year would have been
still better but for the extraordinary severity of last
winter. For the last six months the ratio of expenses
was reduced to 65i y cent, and the management feel
confident that still further reduction can be made
The engine and machne-shops of the Company
10 be removed from ThirtysecoLd street TO Central
No,risania, and, on their completion it is intended to
cease the use of steam-power below Fory-second
street while il is under consideration to fix the lower
terminus Of the passenger trains at Tweny-sxth
street The report states that the road and equpage
are in perfect order, and have been much improved
durr the year. Six hundred tuns of rails have been
purchased, and most of il laid, and large number of
new cars added to the rolling stock. The contract
With the New Haven Company viii insure in
crease in the receipts from that source but the COM
pensaiiOn is still unsatisfactory, though immediate
change can be effected.
On tho hTst Of July las. the agreement existing
oeIween the Harlem and Hudson River Railroad Com
paes oy winch the fares and regulations Of the two
oesn controlled for some years a6rog s;ed,
nsoe, notice nom the latter Company. 1t consc
queny became necessary tina. steps should be taken TO
The Harlem Road in It's proper position be fore
me Pubhc Is one connecting WITH all the Western.
Northern and Eastern rootes and nososs; 81 :,
mot supsno. attractions With its rival Express traos
were therefore put upoa the roal runn;r, tb-ou,,b
between New. York aud Tbany 10 a. hours on ,So In
Of Angus, last The through business of the C,mnonv
has thereby been considerably increased and the Ss
demonstrated that IN every essential psrtcalar ina
Harlem ,ad Is able to perform its fun sbars 81 S,
enc OF the links in the chain OF Railroads c,rH(};
New York with the Grea, West and 70 the sA,;C,.ir
Of The travelling community. Slch modifcajons 40 -
hours and connections a. may insure the greatest a
siency at the least expense, will be ms1e rom No =,
time; and there can be no doubt OF the favorsble oa
epce upon the receipts both from sssengers aud eih
resulting from this renewed attention 20 the though
traffic Of the road
One obstacle which has ever stood 10 the way Of
mh ssyelopmeDt Of tho advantages aud facilities a.
Nev-ick and Harlem Road, has been the want Of q
ysao GooeI ~ control that would afcrd tie Necessary