The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-08


annual dividends have been paid to the sockhoders which,
January & and ending ' has y ls
II cash and ~ per n stock as foliows:-
1854 Jsiy. spe de- cent cash as.
,s~ }}s :ss.r, do. do:::.:::::.:::" g. Ss
' ,..', 35 s:s..,,s s: s: &: s: &:
TO,al..."...a DO do. y do do.
1s n % Il for the
The sck Of The company mostly held for investment aud
stock Sas been issued to The stocShoders directly and has
st the s G .sS s
accounted for by the fact that within the last few
he asi dividend ahe earnings company having
appropriate to consr'con and to meet other financial
paid in April The books of the company thai
the ssue of It's sock of nearly eight aud halt millions of dol
lars amounts TO s aP per cent upon The average ~
an for ssh hsre Of M ocs Hrssd
has b. en- productive properly for The stockhoidera
The board has caused fun examinations to be made into the
he company reports various committees
animation are appended bereo showing that the accounts
The sinking fund.- established for the redemption Of the
SIS COO Of The bonds, which are nov held BY them
The financial sa,emen shows sro, the assets Of this com,
s Ss6 70 ne SoS. IF Sss q n G ,s &
he sostSedes April iss al, company b. per
ssnsd the Of an annual ner.. upon ~ stock and
se d.
ri Of the property of h company and rs debt tebl
company has reosivsd ,S :" ha. company % he aToun;
SSnS. or WE sDSa s 81" S' Ss 81
The stockholders have also authorized the board To guaraD
Sincpna, Peru and Chicago Railroad Company te mort
gas thereon being for only $1,000 per mel whose ine Of
don for the Cincinnati This his been given
peted and successful operation Iporte Plymouth
and has paid The interest upon The bonds due 70 this time and
Inc interest," AZ for the principal Of the debt
& sasns % SS @ s o ~ at an I'M
.eres This compsn, Ia not liable In form Cor the obsa
hi. company owns Of other companies which
sS6so for The purpose Of securing
ayorab,e business connections wh other eompanes which
10 1884, and were mentioned In The circular report made by
cow Available for ale besTed thai nearly ali Of them are
sood and that they VIII ultimately return to the
criyabe shown in he statement amounting together
t3i o. are with tring exceptions believed 70 be entire
IN rood portion Of amount may be realized sooa-bu
most Of vii not be due Tor some umc aud not therefore,
fb. company is unwilling to sell the ssoos Of Detroit
Monroe and Toledo bonds, and the remaining sinking fund
II results the foregoing statements that necessary
pnyide other mode Of meeting the floating debt OF the
Aker fun consideration the board IN compliance with au-
ION stock 70 The amour, Of ss sn'.ed :, dy'ends a.
srucon heretofore issued by The company csccp, in
The soct offered viii be enlei % Dividends IN csh
Dsc.mb.r The rs ay,rna i be paxabls On de spt
day 81 Decenber next
This has been by hoard
The stockholders who shall be such the business
ls a 900 May Nay ,av ne sn .r % ,S
and go share the general stock OF hi. company al
par me can payments n1s seaea 70 te made se per
share before he sh % uns and SIS share
any Time than above stated. at the option Of stock
made and nserest Al he rate Of Ten per cent per an
vii, allowed upon all cash payments made prior 70
q Nay instant Vii be endiied receive DE euarauasa
~ me Of *. % raD Uer By n
proportion srea'er smaller smount any
oS%Stisa. 'ND =. s :, ., ' s ~'1 .s .-,,..
M sts he S s pse. 'l aSa he
will be award BY the cunPany upon the same terms
70 and and pay Jay for Tor me same w.,
IN ,sses s mot Sens Assa 10
ued socs 70 which hey may appear p be en,sed VI. Dc re
fsn &c ' HYi% al ,s 5"
fh. s.as stock upon the Stated xopn yield tbs
you'd Be- Ass cns se he Ss. as e sss
'a rs .,oorn, NJ ,,.,.,anr ,e~. a, a. .nim
For he purpose Of illustration. call IT, IN round
esrs !. X :, a., S@
Leaving the common stock................... EC10o
Ant there would be Of The 70 per cent guaranteed
stock. on np
Making total stock of.......... .fQ0OlOO
The bul. PAYABLE Including contracts on time Cor
As s' ss sss ,e sssS%ou''' si
Total ... a. <<a lyq a
Tho sash nayroent. ON The propo@ed stock issue
would amount 20 iscnm 40
rhus reducing the floating deb, ....... sa<oep As
-, = :, a a a. - :. ~ -
Ana NE company wonu os rev l w , ~ 1s hsns,
RAJ asses a. $500 " s -, ss IN ~ ~. nss. 49,, ~
and Toledo bonds nnsosa. -, .u.-..,.. -. a.. q.
It's benevrd nat he-r $3.50 III eyvia o'n DC
converted AZ fast A would DC necessary 70 ee' mo wants OF
1he board therefore consider that The sale ~ guarAn
stock upon the terms Of paynes proposed viii provide