The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-16

In this stat ment the Board Of Trustees beg
to mind the public that r the history of the past such
continuous succession of overwhelming marine dsas
tiers has nver occurred during the last three years.
be same period has also been marked by peculiar imam
cal embaIT assments.
that this compaiy commenced its operations about the
beginning OF this period OF disaster the Board cons
matter congratuaon that has BEEN enabled TO meet
It's liabilities the public to the foil extent having paid
losses TO the amount OF two millions OF dollars.
The Trustees feel grateful to the friends Of
tie company or past friendship md support with
inuance of the they will look with confidence
the future for greater prosperity and usefulness.
Previous to the date Of the above report the com.
pany became embarrassed, and made an application
for premium notes to the amount Of $500 OOO under
the belief that with aid to that amount the difficult
ties at that time existing could be removed. Unfor-
tunstely the season since that has been unusually
disastrous, ard Losses have occurred far beyond all
human calculations. The gale ofJanuary extend
ed ever the whole Northern Atlantic, and every ar
rival for weeks brought accounts Of disasters to an
extent never before known in the same time. In De.
cember last, it was agreed upon among the trustees
to obtain premium notes to the amount Of three
hundred thousand dollars. Only portion Of that
amount was raised and many who gave their
notes say that 1t was agreed upon that none should
be use II the whole sum was not obtained. How far
question some one may be disposed to solve by some
legal process.
The receipts of the Pennsylvania Railroad Com
pany for the month ending on the goth Of February
s3sW az ~
same moGth last year i8l Ola ~
Ircrese. .sIoY, 427 "a
Receipts Jan /, 1855, 10 arch l. 1856 s5es 55i 40
Same period last year 49, 91 80
Increase. ........ .................$ lo0, 700 II
The Boston Journal gives the following statement
Of the present condition and future prospects of the
Rutland and Burlington, the Vermont Central, the
Vermont and Canals, and the Ogdensburg Rail
roads. The present condition Of the financial af.
fairs Of each is as follows
DEPRECIATION or RAILROAD PROPERTY
Verne mt and Csnasa 800 shares at So. s65a 500
Verne nj trial. first mortgage GOO $50 600 900
Vermont Central second mortgage BOO 00O $12 10000
Vermont ceotIai stock, 100 600 shares ST. 100 600
1s3 mile. ofrosd, costing about $40, 500, 900, At
Ogden ssug srst mortgages, ST 500 900 sei seis 900
CgusnsbuIg second msrtesge 80 COO 0OO So 480 900
osdenstwg stock, GOO shares $2I ....... 10000
1Is miles, costing &C. 500 GEO sos 900
Rutland first mortgage. 81 500 0cO, $50 .. 100000
Rutara recond mortgage, 81 200 00o, Sf6... $4,000
RutA nd ihird NOR gsge, IL 100, 900, So. . 90 00e
Rutland stock estimated Observation-Disclosures. 100000
100 miles, ccst,ng &C. 400, ,2ss 900
"A clear deacieney Of over nineteen mions dslars Ia
three lines Of road
tits not however so much Tor the purpose of exhibit
ing &he enormous loss suffered by q tina property
that brig these figures 70 public notice. but 70 Illus
trAte the toby Of contiDuoe its cement under sys
tom which ves no returns ethar interest," and pre,u
dcss iu market valve TO extent absolutely sstonsh
lry 70 coasmp'as. II Is de 70 agse that other Of