The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-08


bypcshecAssd r.ise uossy for the company, and fur
the Clique spscuasos ~hs have for pest
engaged In getting up The parties holding this
ssock on ypohecson absolutely no security 81 ALL
for has beon Illegally sssod ana in Of default
rsle cannot be registered. Wherever II falls It falls
worthless In In fact bogus eock, add he repudst.
just the the New Haven Comoaay reoudste5
sbe Schuyler ssue. The nianss. Of The Michigan
Sooihern Railroad Company sppoA 1, be ABOVE ali Jaw
and common hones'y. aOoears to be email matter for
uem 10 issue ten aud diiseu thousand shsros Of ues
stck In this wsy the .aIits has been run up since
January last nearly three million OF dol ars, end
one tell where It wiii stop. In February
snd March Last, In TIRES distinct ssuss fifteen tnou
sand shares Of sock were added 10 the previous
emouli ard now In tho 0yrs Of August have an
other asue OF eleven thousand 20 hundred shares max
ing total of 70 $40 shares OF STOCK issued WITHIN
period Of six month"; Ths Is Ddeps ndeat of ogignL
gusyaD,eed preferred n any organ Of I'm nsoulate
company attempts to deny these statements pu
thoee Interested In the way ascsssinipg for
themselves
The Assistant Treasurer reports TO- day a. follows
Iotai rtceips 1874 2sS 4S
Io'A. pay n5enn. 222 SSl Is
lVts' paonoe .'................ tz,@A ,S6 %
oorespos dent, who appears 10 be prsuy vel posted
In gard TO rsirosa reports and accounts sends the
llo~ne mupcs,ion In relation finances Of the
New York and NV eAver Railroad Company
VALUE OF FIVE YEAR Old RAILROADS Ar PROPERTY.
BeiLs advised 10 purchase a few shares or New York
New BAvcp Rsilrssd 81 per cent ~ vas ia
great ba gsin' led exAmiue the last report Of
b COUP lied " NE conousiou .ha. 70 pg - the prevent
sVaGm nsnAs emept n Continued five year old rail
,o.o D,r,n',cals worthless, No one w aouot that the
ofeered sno controlled a Is practicable under the present
sytm.
President and directors stand high and are Of ire
p,Acbsble character rne nessu Ii honest, faithful,
aud industrious The Superintendent not oa enesec
and Intelligent always on duty The CO auuct rs
engineers nd other employ &c Of compsng do their
duties we'll and faithfully rue road Ia admirably 10
ca'ed thai h aoe 70 command large buriness 81 ali
OF the year and II IL only &c mil, long Sar
Tsiosn worth ing under the prese0t stem.
tie New York ana New Haven should DC very valuable
Now take the oomrany last report and turn to page II
there yon 81. ana the earning snd expenses tf tho last
year stat az folloss, Chose arc the enclosed Is
table giving the isemso VIE -
From passt ge, freight mails expresses SO ss7l 7os 90
Tran portAtion expenses, repairs OF road and
equ pmt Mt fuel, oil ana waste and horse
nAuSSc.. Oh 9so ~
Net earnings OF the .Sa23 e8a 70
This Is rather encouraging.
Now turn 70 page IL, ,ame report and you win nod
Cash On hand April !, 1885, ............... 81 AL IL
Net earnings Tor ths year ALB 98a 70
Total. ..si.5, 4o5 81
Cash on hand April /, lsb7........ lso,4sS %
TITS ~ not quite ~ encouraging.
Nov. turn 10 page b. same report, and you will dud-
Net earnings for the year 1913 93a rs
Loss BY operating canal road. ..... $4,000 co
Interest On bonds. l43 el2 40
1856 al2 4e
Leaving applicable TO dividend for the year,
equal 70 8 per cent on re ca Ii.al sSs, OIL so
Now turn 70 49, report and from 800 balance
sheet will learn that tho amount or baud ana
loan demand April l. 1857. .$t35 4S3 SO
Company owed on csupo's past due not yst
Caue1 Tor tol,f1V w
Company owed bsjAoces 70 other
fcaub.. Ar@os w
Amount OF cash hand, April I,
1855, page l2) was. ............ 2i,s4l II
B,4ls II
And you have the amount earned from April /,
1855, 10 april 1857, viz:...."....... $st o6t IS
The actual pct earnings ri tho year. TINS shown
70 Ss es instead OF 81 ~ e6s rs otcslly
Cd The annexed table details tho pendtares 81, Tor
the pass year.
NKw YoRx AND Nxw HAVEN RAILROAD, Arsn !, 1881
q" Canal ............ 100 $40 2s
H. and N. H. I" ............ 1900 90