The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-24


II appears from the report that arrangements
have been perfected TO incorporate into this company
ihe who.e OF the Georgia and Florida Railroad TO
Albany, and its extension 10 Cuthbert Is contem.
plated, which will give the company lat miles of
road. The report says
The road from Amerisus TO Albany will be completed
by the rst day IL November 1897 by that day this 20
miles OF extension towards Cuthber viii also be ready
for transportation FOR the purchase Of the Albany Inc
AMI the additional equipment called for by that purchase,
the ia stock Of the company wl Be increased steo COO
and Tor the completion OF the 20 mics tOwas Cathbet
the spia will be further increased about $4,000
th day the capital stock Of the company 81
aud the bond debt o, the company sfis coo making
total Of capital stock and debt Of ,53409 for which
80 30 all paid Tor, and $40 900 10 stock q other
composites MfOO eco be added 10 the capital stock the
road q tie company will be ~ unes N length aud 4,
then be 81 see 1c0the bond debt s4lI 900 the bonds
Be converted into STOCK these amounts viii be changed,
bot their total viii remain 81 "a loo. The net income
~ the mrany for the year ending the arsi inst has
been s-02 at5 l5, a sum exceeding by over $1,000
erorRh 20 pay eight PEI cent - ga 100 Now when
Il i considered that before the OF capital
shall have toad 10 the important point Albany and
read within 20 miles Of cuthberi, must be tbs, the
net Of the company must be largely increased
There cannot be any doubt lat beginning IL, November
1857 with III miles o. read and capital and debt OF
Z2i,lto the net revenue q The company viii De ss1i
600 per annum, amount which viii pay dividends al
the OF eight per per and ali interest snf
leave annual surplus Of 9O,ooo and over.
The majority report Of the directors Of the Bos
ton ~ Railroad Company gives the annexed
statement Of earnings and expenses for the year
ending May 81, 1866
B<roS AND MAIZE RAnpoAp.
The report makes the grows earnings for the
Exper "a iucludbg some new constructions
Cor the same tine TO be.......-........ 6iO2 900 81
Net earninEs........... .s350T5l ~
The deduction of si5.l26 "a a marked of for
depreciation Of cars and engines and OF s2l9 for
the three per cen. dividends paid make the balance
Of earnings for tie year over dividends expenses Of
all kinds and depreciation Of engines and cars, ss5
2s3 TO- which, added 70 the unexpended earnings Of
May 81, 1861, gives a total Of 1923 ls6 lG. Deduct
ing from this the expense OF widening Charles river
bridge, new rails and station buildings &C.. in all
$4,000 10, and there ia still balance OF unexpend
ed earnings OF s25l Use TO- which, In the words of
the directors, lis the accumulation OF earning, over
dividends, expenses, repairs and amour, charged on
for depreciation and improvement Of all kinds from
the time the road finished according to tn. plan
and with the capital fixed by the votes OF the
stockholders in ls49--np to May 81, 1856"
The nominal value OF the assets available for the
pay ment Of its debts s, according TO the re 49,
Aseer,anec liabilities, not intending state loan
Of ls3,Oia
Balance so,oso
STICK wood. k ) Tor use d road on hand and
paid for, cara aud engines, not charged I, con
sructon. l5Ss4z
Balance ............... ass,sTi
Deduct from this the state loan ...,....... $50 900
Balance. .................................slss 7i
OF the fS9l0 s5 receipts for the rear, 1885,.