The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-27

Balance at credit net earnings .$ls,760 %
II the rate Of Increase income already realized ia
continued throughout the year. the total gross earnings
win be upwards Of million of dollars. In connection
with this income, the next important matter 70 consider
II the Of capital stock and debt According 70 the
last annual report the total liabilities Of the company on
the 20 b Of November, 1855, were q follows:-
CIa,ElAND PI1nBrRs RAnRoAD-sroCx, FUNDED AND
FLOATING DEBT.
To stockholders for capital stock 80 ss1 400
TO stockholders for dividend in scrip ..... 96 ,sl4
For amount Of per cent bonds including div
deDd bonds Of january, 1891 ......."... o,S5I soo
For loans on Beaver county bonds. 10000
For amount due contractors, and Tor Ties, chairs,
For notes 81 en- for iron rails, engineer, passen-
and freight cars ties, chairs, spikes, &C.. az 65s
Balance Of net earnings. 1890
Total.
Among the compauys assets we notice advances 70 line
Of lake steamers to Chicago, Milwaukee, &C., Sl6 000
balances due from railroad cUmpanys station agents and
others, sl3S ,l23 cash. s3os Beaver county bonds,
sSo0O0 Bank Of Nasson $50 $50; lana not needed by
company, $4,000 The value Of these assets would just
about offset the companys floating debt With gross in
of 81 o00 giving net income Of $500 000 the
company will average per cent It's entire amount
Of liabilities per cent its capital stock AMI
seven per It's debt Hereafter all H dividends,
whatever they may be, will DO paid In cash. This is the
fixed policy Of The company.
The geographical route Of this road DO seen by
ference TO any good map opens 70 AXE navigation q
vast extent Of country, and must ever be an important
line for freightipg business.
runs by the side of the Ohio river, from Pttsburg,
the head Of steamboat navigation 70 Belhire, distance
OF VI miles. Midway between these points truns 10 ueve
land, on Lake Eric distance or % miles, This hne be-
tween the Ohio river and lake Erie, (y1 mes) is much
shorter any other that be constructed Al Pitts
burg with the Pennsy Central Railroad 10
Harrisburg, Philadelphia, New York, Baltimore, &c !;
Also with the ItsbuTg and C0nnesville Railroad TO Cum
Rsroad 10 Kiapnpe and Inc rreai ron and lumber re-
gon Of Pcunsy vana and Intended to TO Clean, the
New York and Erie Railroad, and with the entire chain Of
Western roads.
The whole number of passengers transported on the
Cleveland and Pitsburg Railroad dnrng the past year
was 236 so Of this number l9i ,asS way passen
GERS 1862 through passengers, carried between
Cleveland and Pteburg 1894 tcketed from ueve
land points east Of nttsburg; 3e:l from points wes
of Cleveland 10 rttsburg 2sIl from Ptsburg to point
west OF Cleveland; $500 from points east OF Piasburg
Cleveland; and the balance, $685. hcketed 10
from points east Of Hasburg aud west OF Cleveland.
The report of the President Is very fun and very In
terestins. N important document, and well worth
preserving for future reference by cse Interested In
railroad property tho West Tho conclusion Of the
porl k o. follows
Being often inquired OF in relation the future earn
pgs OF the company and the policy and prospect in roa
every anticipate that from the date thni the
tire line shall be in full operation and fully provided with
engines and the earnings Will average 500 o0
per month, and the expenses Of operation exceed q
per cent OF the same and that this will by July
next. should these antcpaoa be reahzed, then may
safey be stated that dividends to stockholders will be
guariy paid in cash. OF pd les than per per
rs deemed proper 10 repeat the statement In the
lY annual report that the company entirely free from
any pecuniary Interest connection with any other rail