The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-23

correspondent, whose communications are
always to the point, gives some important facts
relative to the Galena and Chicago Railroad Com
paDy. We published few days since the article
referred to- and readers therefore better able
to follow "Civil Engineer" in his review. A road
like the Galena and Chicago can stand any amount
OF abuse and Misrepresentation. Stockholders in
such concern rather SEQ all its unfavorabe points,
if it has any. Its good points are well enough
known from the start by those interested. There is
no doubt but that the Gaena and Chicago Railroad
is, at present prices, of She best investments in
the country. Had the company made but five per
cent cash dividend on the first Of February the
stock would now rule in the neghborhood Of l25 a
100 per cent. 1t would have fallen in the market no
more than the dividend, the same as Hartford and
New Haven, and New Jersey Transportation Com
pany; but because the company paid semi.annual
dividend than three times greater than either
of the above named roads its stock opened SO much
below ex dividend. We have had OCCASION lately to
find fault with the management Of this company, on
account of the careless dilatory manner its officers
transact business. We not yet disposed to be.
leve that the circulars, which have from time to
time been issued by the directors were intended to
depress the market value OF the stock but they were
in very bad taste besides being incorrect in all their
important particulars. The Civil Engineer is tho
roughly posted in relation to railroad matters and
good authority on oil points connected with earn
ings and expenditures
The GALE,A AND CatcAGo RAILROAD.
writer, who appears to be fool knave has,
from motive other addressed long ysrn to ons
q your c-ternIoraries tte subject the Galena
road The article 10 u OF ela ring fslseh,oia and decep
vent it from reaching i,s true ysus in the srhs which
uuquefonse Is lbo T. 1870 per GEN. if other stocks
ptw tslrg fcr no me. thsn stey worth.
IL q That Inv V,if Ia CAp
vi:ttd Of Giving aud intent nal alsehoot il
r Now show wherein this w or has a
the public, and knew that his deceivng it by the
publication Of deliberate alsehood He states the tyai
Of he road completed at 50 1856 191 Now mark the
fslsshooo of this statement carefully covered IL
pul to entrap fats The cost of constructing the
last ping ut s24 This he very properly computes
asa part Of the cost but in making up his total, mark
Gtock $500 600 o; be nds the proceeds Of which
were applied towards paying of reducing the above
81 532 vtO Of cost twice in making up his fictitious
to,sI cost CT the road little of only Is per cent
aestcd in very i sicai anu shall
out one more ct his many receptions He asserts that
To convince eu ana the pubic how utterly false this is
IL emily necessary to remind that the rates received
double ard treble the rates Of the Es ard Central roads,
and fIs grades infltely better A. necessary conse-
susn's tie per senss Of ors,a'ing espeH,ss on the
tsl roads whe il probably reaches 80 to 90 per cent
He,e is another important deception 81 obetsd.
Tee assailsnt admits that the earnings OF the Galens
read in 1854 ST. 100 per mile $50 miles OF road;
III 1855 c31 milea OF road 700 per me-thst is
much per mile the Hartford and Ma Haven rcad-the
profitable rail- DAD at the East-esrns double the
costIer mile Nov does not this demonstrate unanswera
bly, that extension OF the road instead being waste
of icy, SwiIchbotom" fAlsey pretends has been
EXTREMITY proGtaeles Can 'swiohbottom point us to any
Of earnings oer mile ON such an iepsth Of
Tee let Earnings Of this road last year. beyond all
eco
it must do still betser year. because the crops al
ready secured to come over are far greater than last
year, ana on longer lue The whole line to this Miseis
sippi is completed and the construction account
closed It is utterly impossible that it's net income for
tie clrIent should be less than -and it will pro-
baby he 20 per cent. informed by several Of the
most wealthy ard influential persons contested with this
it's bonds unsoid its earnings will longer be applied TO
iuctiye purposes ana that at ate to twenty
eash ten Per cent August and per Feb
rusry Now my advice to the ilustIious army OF fats
cooee to publish about thus road and il they wish to d,
the reat ard smart thing let them sell out and in
vest of the various stocks which, at the
price, yeldiI one third Of its net revenue.
Having dealt thus sufficiently with one oonv,c.ei slam
deIer of what is uadenieOy and beyond all dispute In
country, notice viii be taken by any further at
tempts to dsparsge it, These Ct the "brethrsn' who
green sickness VIII do Vel after selling out to cut out this
article wsfer it carefully in the bottom of their hats,
the 18th Of August with the price it stands
Within Thirty days, ell this stock which can be had
thoroughly understand its value but desire that the
public should not understand it. CIVIL ENGINEER.
The annexed statement exhibits the quantity and
value Of foreign dry goods entered at this port for
consumption, for warehouse, and also the with
drawals from warehouse, during the week ending
and including Thursday, February 81, 1866
MOVEMENTS FOREIGN DRY GOODS.
Entered for Consumption