The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-11
Ths earnings Of tho Gs,sna and Chicago Miami Railroad
Company for November were - follows:-


s5SI w. a. a.
1sAeo1 %
Decrease. :. Sls, sac 10
The direStors or the Ogdsnsburg Railroad Company
have Issued their annual report The earnings Of
the road for the year ending March 81 were Ssi6
o. expenses SSAS 90s 49, net income, slo7 THIS
believed by the directors DO the largest net earnings
Of the road for any year since It's opening. equal 70
null Interest on The hrst mortgage and about two per
cent ON those Of tho second oass. The road now ma
mayed BY trustees Of the second mortgage
There are three different applications now before the
Supreme Court for receiver Of the property, &c !,
Of the Accessory Transit Company Of Nicaragua There
70 one application BY Vanderbilt mortgage for spe-
ciA receiver TO sell the steamers and pay his claims.
There s also application the part Of Foster judg
mens CREDITOR for general receiver, 70 sell oil the pro-
perty and pay all the creditors OF the company; and
there 10 the application Of Hamilton, stakeholder, for
general receiver and judgment Of dissolution Of the
pany, pending before General Term Of Supreme
Court on appeal from decision OF Judge Cerke The case
Of Vanderbilt against the Transit Company, and also the
Of Foster against the same down for hearing
before Judge Davies Saturday morning. The impress
sion which would get from the conclusion Of Judge
Csrkes opinion in the Of Hamilton The Transit
Company, that the plaintiff defeated; but read
ing with more attention, will be readily perceived tina
the points OF for which the plaintiff coutended
all decided in his favor and the only point whoh the
opinion turns tie Dexpediency Of applying the princ
pies Of law allowed TO be correct 10 the 8; the pre-
sent time.
The question OF the right OF municipal corporations 10
subscribe to railroad stock came up Charleston las.
week. before Judge O'Neall, = motion for rule to
show cause why writ Of quo oarroHto should not issue
against the city Of Charleston which had various times
ihadt tn of
without the State. The Judge sustained the city in all
points decided that she had right to subscribe and TO
the taxpayers for the same; and he likewise de-
cided that the act under which the subscriptions
made, was constitutional He therefore dismissed the
motion.
The Cairo (llnos) Times contains . long article in
ation to the Cairo and Fulton Railroad Company and Ns
contemplated connection with the So hern Pacific Rail
road through Texas. 1t says
That the Cairo and Fulton road win be built Is
ducec to . certainty The available means ample,
and the confidence OF captahs has been SO far enlisted
that they are ready 70 answer any reasonable call
Tho In hand and attanablo Tor the Missouri di
vision put down upwards Of four millions Of dol
lars while the estimated cost only about million and
quarter These means consist Of the Congressi ,nsl
grant Of six sections OF land 70 tho mile. the swamp
lands 40 literally granted by the counties through which
the road passes, and The State loan Of 900 The
cannot possibly bring less than IS per acre, whom
their value appreciated BY the building or even loca
of road. They ntf Sc ieccd and pisef and
the title Of them confirmed 70 the company. The swamp
lands sppear from the sales that have been made to be
fully as valuable, i no. moro SO. timber being CON
siderable item In the estimate. The State aid may
may not be accepted by the company; bat We shoulo
hardly think its acceptance advisable, hampered 1 1t s
by ncosvenent restrictions and ., the other means Of
the company are much boy ond their necessities.
At Fulton connect with the Galveston and Red River
road, which IT last socouns WAS in operation thirty
next nfty miles. This road Ia three hundred miles
length has hand grant Of ten thousand acres TO the
mile and entitled to Siatc loan Of 80 900 70 the mile
This road win be petod the Cairo and Full
ton, not sooner, and will complete the connection OF
the last and great Northern lakes with the In
southwestern travellers take this direction but Texas
win send tue products OF her fertile nelds 70 the NORTH
and receive the supplies Of Manufactured articles by thr
direct and rapid ROUTE Of the tedious and
circuitous route.
But there Is also further western connection even
road from Fulton. through TEXAS to Il PAso says the
Austin lTexas) State Gdseue has received most munih
cent bounty from the State OF TexM Eight sections Of
land per mile guaranteed 10 II, and s entitled 10
loan from the State Of six thousand dollars per mile. IT,
secure proper OF the lands and the build
Ing Of tho road the company put under tbs following
LIST. rney must survey section sIize and number the
sections and fractional sections OF vacant lano In the
servson within four from the rst OF last March
or lose their right 10 the lands.
I'd. They must commence the construction OF the road
for The iron Al least one hunarea miles BY the ath Of
March, 1860, or forfeit their charter.
I'D the Cairo and Fulton road reaches Fulton
the work be commenced 10 Texas and ten miles OF
railroad be put into operation ery ycsr, under penalty
Of loepg tho land.
i'm. No rigbu yes, In tho company until $4,000 Of
stock have been subscribed, aud two per paid
the hands OF the treasurer Aud certca.e FOR land
will be issued until satisfactory sh owing 10 made 10 the
Governor that million Of dosrs OF stock has been sub
ariocd, and ct least i've per cent paid thereon.
5ih. Twothirds Of the directors must be ctizUs OF
Texas, every election must be held In tho STATE
The Texas State Gazette says ihst the company have
succeeded in raising million OF dollars Of stock SUB
scrpion that they going earnestly 10 work. and with
proper and prudence will msr the confidence Of the
people and insure the attention Of capitalists