The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-09

Increase IN gross income Sept So 1880 1877 o.
The great difference between the increase In gross In.
and the increase In the ret balance o. income &C
count must atrike any 1t glance. Il clearly ap
pears that great increase in the gress income account
does increase in corresponding ratio the net balance
oftSst account We deduct 30 per cent from the In
crease In gross income last year. shall have an In
creased net income of s5l8 $780, instead OF $I2i 72
stated the conn any accounts We shall be able ut
matey 10 find space for all tables and the reports OF
the New York Central Railroad Company, and anything
We do for the company In giving publicity 10 their
fsures and facts, will DO done with pleasure lo our
previous remarks upon the subject or the report which
has surprised the schemng world by the originality Of
is espedents well by the bodncsa and sudacity
Of Its summing Up, ventured TO Alude 70 that ever
ia,ting construction account in which 10 swallowed
up at guiph all the accidents repGts, dam
ages, excessive running expresses, in Thor. all
the losses of every kind and dsscrpor that G the end
OF the year. Gan by any possibility be .,o sed away In H.
and which has long period been sbeld railroad
companies ard the public hiding their disorders and en-
sblpg them TO declare dividends We had no ides o.
being understood, copfrng our opinions 10 the New
York Central Company 10 the Erie Railroad Com pany
The remarks applicable to nearly all reports that
Ally thrust upon the public notice by railroad
managers II has become discard made special and "a
leading TO results that will sooner or later Good the coun
will be no relief To look back for dive short years and
add up which have been silently and seerety
pushed construction account for the purpose OF ssu
or report which shoud show 'Del earniogsn equal 10
dividend of four five per cent, would exhibit result
80 astounding that II would hardly be credited The fact
would be made apr arent that few years more devoted
practices would bring the entire railroad fabric TO
the ground and scatter their obligations 10 the winds
the face of such fac almost daily established,
lie robbers do hesitate 10 invite the munity "a
put their money the bonds ard shares Of these
ratons holding out the hope that prices equal 70
hose which ruled former years, when the whole
TEN WAS experiment. and when the property couuted
by hubdteds OF Thousands natead Of hundreds OF mil
Hons, would again be realized Thcic organs have
but motive In oil this, which 10 stimulate speiula
ton and produce expas sion IN prices Taey do spy
the Of their employ when they exercise their neu
such purposes The prices Of former the
result OF belief that the OF the csun,ry will yield
large returns to the stockholders Experience has shown
that they never be completed and that while the
great intcre,is OF the community are benefited 10 an
iucacuIabIc degree by their exstencs they
be source Of profit revenue to the stockholders
Success will be tho exception and not The rule Construo
ton account will continue to absorb their earnlugs until
the OF bonds sold for t-o thirds Of sheh
par value commence to mature when u mpossbli,y OF
their renewa will be made manifest, end the bubble
finally explode Those who viii iabe the pains to
pute the amount OF railroad bonds falling due In this
country within Jour years from this date, will ind 10
be not UGH short of $50 oto ooo-ny millions ofdsiArs
who 10 to absorb that vast amount, unless q change
takes place In the manAs Of these corporations
he Eeld Fire Insurance Company have declared
sent 81 puAl dividend Of i've per cent, payable do
maud the Columbia Fire Insurance Company, q semi.
annual dividend OF FIVE per cent, payable the i2th
instant; the Wells, Fargo Co Expreg, Company,
dividend e i've per cent payable on the 18th Instant
the Bank Of Washington On. CO. semi ar nui dividend
Of three per cent, payable on demand.