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

rnese rates FOR both passenger aud freight sfo do
not begin pay, and worse than folly Tor the
gers this road 10 undertake the public believe
that with such prices II can be operated for 81 per
cent Of Its gross earrings. In the Western States where
they get three cents per mile and full double prizes for
eight spost roads not operated under As per
cent TIE New York Central Railroad Company do mors
business for the money taan any other railroad IN
the country Railroads In the Western S,ates wh,oh
only cost about quarter a much per mile the Now
York Central charge At least twice much for trans.
potaton The New York Central clf On an average $780,
eco per mile while the principal roads OF Illinois cost
an average about 600 per e Notwithstanding this
enormous difference In cost find the New York Con.
doing business q about half the price Of the Western
lines.
The capital stock and funded debt Of the New York
Central Company according 70 the last two official
ofts, were a. follows 80.
CAPITAL stock. .$7l1648eo ga l36 6eo
Funded debt.......... l4,4e27t2 H,7oa,sT
Totals. sss, GIT COZ SIS, ooo, 557
Increase during the year ending September &c. 1858,
s2ss, a6S
The New York Central Railroad Company report no
floating debt We do not place the shgbtt confidence in
such statement Every railroad In the country OF any
magnitude must have floating debt II IL utterly i'm
possible 10 get along vi hou debt and the New York
Central Railroad managers make great mistake In Try
ing TO disguise the fact Attempts have earnestly been
made to keep clear Of floating debt by bes managed
railroad companies, and they have al failed The Erie
Railroad with reported net earnings its capital about
per cent above those nomnay made by the New York
Central, finds It impossible TO reduce their f,ang debt
According to the report or the New York Central %
pany the entire expenses Of the line for the past
year under any three per cent The transportation
expenses acknowledged 70 be within fraction OF thst
figure. We have no Items Of expenditure on oonstruc
ton account expenses for either ordinary exraor
tinary repairs, and may therefore look forward
the time when period Of necessary repairs win absorb
large Of money without the possibility Of being
disappointed has not yet been forgotten that in 1855
this company passed ik dividend, aud appropriated
entire proceeds Of the 70 putting the road In
olerable condition. and the time Is not far distant when
another expenditure for at least equal amount win be
absolutely required TO keep ths line In running order
The roadway Of this company IL ~ follows
LENGTH OF ROAD AND TRACK.
Length Of road miles. 666 81
Lrpsth OF road laid, 656. SO
Ln,gth Of double naci; ,inciudins sdings aIi 10
Lrgth OF branches laid ass. Is
Nearly onehaf Of the aggregate length Of road ID In
branches nost Of which mot only uuproduotye but
absolutely expense 10 the main trunk me expense
Of preserving this line from depreciation and
decay must be very great, but trns portion Of which
provided for out Of the gross earnings
The Boston Telegraph mentions the failure OF Messrs.
aenshaw, Edmonds shaw, Wholesale druggists and
sessrs. w. r. TeDney Co., carpet Dealers Of that city
The earnings Of the Michigan Central Railroad for
cg rhnp fol