The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-01


Fassenger receipts. S3i o.
Mail service, express rental &c........... 1854 %
Total ......................... .salo,lls 90
The expenses for the period 222 ssl SO
Showing net receipts for the year ...... ss775l SO
Amount OF interest paid during the year,. 4456o IS
Net income for the year -. .......... S43 100 II
Receipts, year ending May 81, 1855 $3lOll3 90
Receipts, year ending May 81, 1855 30465l IS
Gain in 1856 over 1855 ................ IS, 46l 81
This would have been considerably increased but
from the suspension Of business caused by the
closing Of the Sound for more than one mouth
during the winter; the decrease in the month of
February alone, as compared with the same month
Of 1855, being upwards Of $1,000.
The expenses of operating the road have not been
diminished the past year, though the price of fuel
has been materially lessened and great saving
made in oil The pay roll has been increased 81
sss AZ, from the necessity Of additional labor and
the demand for increased wages. This with the dis
bursements of an extraordinary character, including
new iron, has increased the expenditures $l3l66 81
over that of the previous year.
There have been added to the equipments during
the same period cars, the cost of which is &c.
234 06, and motive power 81 900, and the extraor
binary repairs of the road have amounted to sl2,.
704 80.
The debt Of the company is..........sS $780,, s2l %
Actual value OF assets that may properly be
deducted from the Indebtedness. 1853 ISL Al
Balance Of actual debt. .s64S 500 IS
The company has further liability in bonds
issued to the Norwich and New London Steamboat
Company Of 1000, for which that company has
given ample security, payable half in 1857, and
the balance in 1858, with semi annual interest.
The company is further liable for debt Of Wei
come Farnum for 1000, and for which it holds
an equal amount Of the stock of the Providence and
Worcester Railroad Company
The company has prepared but not issued,
$4,000 of seven per cent bonds, which the Board
had hoped before this time to SELL and from the pro-
ceeds of the same restore the earnings heretofore
used in the redemption of debt and construction
and pay the scrip issued in July last for the dividend
then declared; but the state Of the money market
has not been such as to enable them to do 30.
The increase of business the past year on the
through trains running in connection with the
steamboats, between New York and Boston, and the
advance in the fares and prices Of freight generally
gives good hope that the company will soon IA
pdly advance its net receipts TO point which will
enable them to resume cash dividends on the stock.
A correspondent Of the Chicago Democrat fur
nshes that paper with the annexed statement of the
gross earnings per mile Of several prominent rail
roads in Illinois, during the month Of June, of the
present and past year
The number Of miles by the Galena and Chicago
Union Railroad in June, 1855, were
Man line Chicago and Erceport l2l
81. Charles Air line, Junction to Dixon. ....... IS
Beloa Branch Beiydere to Beloit. %
Earnings june 1855, s226 100. or slO7i 81 per
Miles run by same road in June, 1856, were
Nan Inc, Chicago TO treepor III
Beot Branch, Belyidere 10 Belot .............. %
In miles, pa
Earnings in June 1885, s2ls 500 or ss57 80 per mil.
per month. Decrease IN 1855, s2l4 0s per mile per
month.
me number Of miles run by Chicago and Burlington
Railroad line IN June 1855, werc-Man line, Chicago to
Burlington, 30 miles Earnings In June, 1855, we're
sisi 81, or say s7S5 10 per mie per month.
Miles run by same road IN June, 1865 were
Main line Chicago Burlington ......... 2i0 miles
Norihsrn Cross K r., Galesourg 10 Quincy. 100 "
ma.....................................ai $40 "
Earnings N June 1856, sle4,5Is, $3.50 90 per
decrease in June 1855, 80, "a per mile per mouth
The number Of miles run by the Chicago and Rocs
Island Railroad in June, 1855, were;
Main line Chicago 10 Rock Island ....... Isl mles.
Bureau Valley, Junction to Peoria. s7sa
Earnings in june 1856, sl23,Si5 or s5o2 % per mile
per month
same road ran same number OF miles IN June 1856
and earned s142 oo3 cay s64s Gs per mile per month
Increase IN June, 1885, $50 % per mile per mouth.
Tie ioliowng figures Of the earnings Of the Illinois
Central Railroad In June, ISIS and 1856 carrying the
comparison . step further
he illinois Central Road ran in June 1865, a. follows
Galcna Branch, Ia sale 70 Gslena ...........ll7
Chicago Branch, Chicago 70 Urbana.
ACKNOWLEDGEMENTS miles.
Earnings N june 1855, si2s al, say So IS per mile
per month.
Niles run by the same road IN jane, 1855, we're as so
Main line and Gacna Branch ASA mfles
Chicago Branch, Chicago 10 MAl,o1n..........i53 8
.s27 miles
Earnings June 1856, fla4 oe5 or $50 81 per
Increase IN June, 1856, SIS ~ per mile per month
These facts furnish abundant material for compsr.
sons which leave 70 those who choose 10 them
They STOW clearly, however that the Cacna and Chicago
linton Railroad entitled 10 the position Of fret clss
Easi and West pioneer railroad route. OF which the
Michigan Central southern Michigan, the Great West.
q Canads the roads along the south shore Of lake
York are conspicuous exa nples These roads including
the Gaicna and Chicago Union Railroad first needed
along and through the country they traverse rs
built always have r,t IN business and income and
viii bold that position as long az commerce and emgra
wss, ~ ,be rsass wbose esrppgs per nile per month
given above each has prosperou future, and the
share and bondhoders may confidently look forward to
the when the earnings u each per mile per month
will approach the best present annual average the
lena and Chicago Union Railroad.
In our advertising columns win be found the
programme Of the Allentown Railroad road which
l. proposed TO Gil the only interval now existing in
an air line communication from New York to the
West. II IL believed to be 10 New York the most
important forty miles Of road yet unbuilt on the
map q the intel States. Forty miles taken out
Of the Enc canal would make hardly more impor.
tant gap in our Northwestern communication than
the absence Of the road now projected makes In our