The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-25

ther cspceliauon OF SAFE stocks, interest
Certificate dome sic creditor ceTti icates
and reei noscs.. .............. S1sbZoI ~
The coupons due January 1, 1857, the ton year
bonds oil the Chicago, st Paus and Fond du Lac Railroad
Company, win be psd sitter that day presentation ut
the Office, 30 IL Wall street.
correspondent at Chicago gives us tho following In
formation relative 70 several important railroads diverg
ing from that city, and also his ideas regarding such
hvegtment:-
am visit to the West for tne purpose OF examn-
ing tue railroads lyng between LsKo Michigan and tn
htis'pp particularly the Gaena and Chicago, and the
"a Cro5se md Nil waukc.
On Having New York | came over the Erie road to
Buffalo This road s run WITH grea. regularity ana APP
pears 10 be sged with ine precision of cocx work.
Tho "trip over Is very peasa all Things
consider ed than the Cen.ra Inc wider legs
crowded by way passengers and the soppages fewer.
The Lake Shore reads are doing large business the
Michigan Southern also, Is dong heavy one which is
dettped 70 he greatly increased very soon. THIS road
L on the point Of securing verai
which must increase at lssst rs per cent it's earnings The
line from Detroit Toledo be ,omplsted to
s Junction with the Michigan Southern This will give the
later its thare OF The travel that comes IRON tee Great
Western through Canada to Chicago for distance To
the latter city 10 noi greater than the Michigan Central
the track s ner and the depot al Detroit IL
The terminus OF the Great Western, opposite
shore. The air line from Toledo 10 Chicago compile.
ed, will soon be opened to travel ana two lines OF
road are about connoc ing with and running into a.
AZ TO the rosdi running from Lake Michigan TO tho
Mistssipp, the two most valuable, IN my opieoa
Milwaukee The Rock Is and. the Burlington ana the
Lake shore road from Chicago 10 Milwaukee, very
pay the larger dividends. My object in writing orag to
iu nsh acme sse Data b. Which TO 90 In skng invest
penu let me give yoS rule that is an inialoe guide Ia
Estimating the value o. u railroad stosk
To determine the real value and productiveness Of q
read. take the earnings for given r9d, deduct arst
the running cxporees; sacond amount Of ineres on
the bonds for the per od, mo divided by
tne amount of the capital stock will give tho net profit
and STOW he real value OF tho stock Lei me explain
tbis by example,
The sross earnings for the three following roads, for
September, were as toliows-
GaenG AMI Chicago $3.50, 900
Chicago and Rock Island. Observation-Disclosures. 2' 900
La Crcsse and Milwaukee. t.......... ... ot 900
Deduct 90 per cent ior running for the tao
first and az Tor Inc last (thc d renee in favor II
Ia owing in rart cheap fuel) ead have
the following net eArnings:-
Gelena and Oh cago.. sifs 600
La Crosic and Misauke. 3S 800
CAiTTAI Sroci AND BoSDs.
Galena and Chicago stock ACKNOWLEDGEMENTS AL Goa
10 do bends and debt, about. :. 5000, 900
Chiesao and Rock Island stock 1900 ooo
Do. do bonds, iacluirg sd.
Ia Crosse ana hwaosie stock ............ 40 90
10. do bonds, s per cent. 800 600
Dsductns interest for month the boads, a5d d.
yicng The remainder BY tue amount Of socs, we have
the proG,- each road FOR the Of sepiem
omtiiDg fractions, the follow ne Is the result
MI PROfITs FOR SsPrxMBER
On Galena and Chicago. per cont equal 10 3s year
on Chicago and Rcch leland. 2,l :. :. 80
On la Crosse and Nil vaukie % {" ~
The earnings In October suU larger; tboseof the
Gn.na and chicago SSeo 0c0 and OF the L. Crosse
and Milwaukee $780, eco. TINS gives profit for sns le
month OF 81 for tho Gslena and Gu cage ana OF per
cent for ,he Ia Crosse and Milwaukee Tness earnirgs arc
enormous ard have only been cqsalled 10 Instance
In rslrcsdinE In the United states. Toe Cleve-
land, Psiressiie snd Ashtabua road earned on
oceasioc Per cent net In single
month October II the best month n ths rear for
the Western roads The earnrg- tor the Two nonhs Of
November anu December will aooGt bve per cent net
for the Gsepa suo chicago and about tho 70 no fo- The
Ia Greece and Milwaukee.
In my next ! will speak OF the condition or there
two roads, their tracks depo,s &c viii close With
marking that the only sucresul n ne followed
In making money In rsiroafs ~ Invest IN roads
which have been bull, economically aud the capital stock
OF which has not been Inflated ny old construction
peuses by consultations purchase OF tributary lines &c.