The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-15

e ths.: nstsess Excepting = the yanatoa s.A nE
.o requires building. he roiliss stock generate, a.
m sss some sssa =
show marks OF great wear The result OF my observe
tons and inquiries DO justly the high sneonisss
There Is want Of discipline and head o. hs r5aA tAsH
has already led to serious evils both in its internal so
large and may II not ERECTED BY efficient supsrnfsa
dence and seeing and liberal views gsnsrsy
s nae seems also open !. r.-.
objection Some time las. spring Il Appears they -
eotisted to Of their own directors iwso, siocs -
failure Of Messrs Wadsworth Shedon IA underst0oA
he the eh ef financial agent OF the Company 90 q
second mortgage bonds ct 70 cents on the dollar vea
se. rs ~.s Sone ne ~ssn the s
WIS worth about 90 per cent and II exit much Co.
msnt anoog friends OF the road that this negotssn
low rates ~itSou. K being most unsss1
THU 70 sell mortgage bonds (both being at diecs1nv
al las the msrae value Of the STOCK scfp At
dnd OF five PEI cent Jared last February payable
10 year snd to meet this Grip and the nominal ca
Savs ss e
tas only really csh dividend paid by the road IN
eighteen moL ths past TO Be taat per cent q As-
gust On the top Of this issue have stock dvf
5000 shares or say COO share. IN all within tarss
Instead OF at the end Of their fiscal year. may ~ vhs.
hey could correctly ascertain their operating and otha
Interior views ~ the effect taat tnis noni al $50
divtaexd wo have upon the price q It's stock 49,
sklrg tho first issue Of 900 shares patss 70 sosk
holders.
There has been want fairness too its ststenasas
Of eaInines they having instituted comparison Il
cepts With last year without stating the additional asn
Der of miles in operation.
Much comment has lately been excited ct Chicago ~
the apparent connection road and sast
are there called Wilo Cat Bankers disposition haviag
been shown the part OF the Gaena managers to
late this sgmate currency 10 opposition 20 the wishes
Is nvpafv and TAXI NJ nd
Leading roads Whether this Is matter Of taste NaT
connected with their financial management Zone Of hs
rested in tins currency IT equally mpottic aud AAa-
gcrous the Gae,a road Ike other corporations, bsisg
Tbs gaming Of the road, as furnished BY report u
foot up 1884 $3.50 1885, miles operated eeiag IsS
olet ated beng ISL equals 50 200 per me, or On In
crs@e Of srh per cent, instead OF 90 per os.t
absence any reliable report Of opera ling expenses 1t =
impossible 70 compare the net earnings milo eass
The s' 5sss . |
Quincy ,osd has ying them the past year at ~
rate u $500 900 per for the of 20 miles ot
neatly al II which is net profit to the Galena road
The earnings have also been largely increased
And Dunleth thus Throwing . heavy rraaa, fro. H.
upper Mi sissippi on the GslenA road
In estimating The future Of the Gaena road ws mus
teae into account the effect that viii be had Is
By the withdrawal Of the business Of the Chicago Bar
Elg and OUR cy, who have it in seWpAtSn -
build line Of thotr own TO Chicago, unless they
make bargain for the Of the GslenA track It
taf interest what would coat them extend their
ROAD which would amount to about $50 900 per
the compehon OF the Chicago Fond du Lac rcd
through Ja1esvie this spriog will dav from thu Go
lens large business received from Wisconsin BY tn
Belot branch, the former route being much tbs mst
direct TIE eniIg OF the NAL wauke road throush ~
the Nissssippi wild also draw from The Galena COED
dssl Of mp river business that now comes via DuniAA
ard GaIera-
these suses, which will operaA almost innedissex.
may eDsated for byaad bye, by the iecresse
locs boaDess along the Fulton Hue, which Il sue
spAzee eeted and by exten Ion OF roads west iato
Iowa. 1t ia u Be hcped however, that the Gsiena
viii not be LED into tie fatal error common aane
railways fenbarrassins themselves BY these extsnsissA
but rather adhere to their ee innate buansss, truseis
that the dvecpement Of its local and what s
it ally control viii always enable it to pay ~
cah ovirerds to stockh dss after its present roaA =
completed ard construction account closed
The coet Il the road. a. appears from ths report r
June 8, 1856, stancs thus
Add, since issued In part pay for st. Charles