The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-24

Tie Hartford Times contains the following sens
BILE remarks relative to the payment Of railroad
dividends. Eastern capitalists have been for some
time past largely interested in Western railroads
both as bondholders and stockholders they have
now got their eyes open to the precariousucss of
their position a. stockholders;-
The season las arrived when Eastern inves,ers la
Weern railroad stocks looking for their semi annual
dividends and In many cases will require spectacle "
very exirsorduay magnify ing power 70 enable them TO
read according N ts annual report has earned dividend
on Paper, but whether any will be paid, will depend upon
H. ability 10 borrow back the net earnings which accord
ing the old story have been applied 10 construction &C.
II will require about 81 900 900 pay sem an.
nual divdcnt this and bh, connpanie N the
highest credit are able 90 command such sum on short
notice in the present Of the money market and of
the prevailing dtrust in regard 10 railroad dnsnccng
IL matter Of great doubt whether thss has actn
ally earned any Of the dividends which has raid since
It's consolidation AZ that time rs oapal and iebt were
1cttiousy increased nine millions OF dollars,
which done IN represent purely imaginary of
the value of it, stock above par Since then "a nofnaa
Increase very nearly equal 10 all the dividends paid
and showing that they have been paid by " aid
ing the whole ~ nearly the whole q them 10 the capital
and debt It's receipts from passengers have undergone
steady decrease during The last four years Tie at
nanc year rhat less than for the year eni
ing sept 20, 1854. During the period ~ receipts
from freight carried IN competition with the caulls have
nearly doubled. The trouble with the road H. that To- IN
Il does an enormous business, II gets no adequate
and interest carries rs passengers NJ exprcs speed,
and all the and tear and damage risk iucdcu
20 extrcss speed At two cents a mile-a rate wln-h
barely cost and margin wb.sever for
legitimate dividends. Hence lie dvdcrds when ma c arc
regularly added 30 ~ capital and debt tie trans
parent nciion Of construction account AZ TIE annual
meeting portion If the stockholders DESTROYS NJ nora
ton and Of introducing many saluary reforms were
majority the proxies The President Of the road
ceives salary hut takes his ray furnishing iron
and other supplies 10 the company Il IL and
abuse Of a stamp so gross and undeniable Whom
company osensiby 50 eco year this way they
may have 20 pay for such saving at least $500 oc0
in other way. The Chicago and Burlington road
the market for loan Of 500 900 10 pay OF ~ oat
ng debt The receipts OF this road large but cost
has already been run up 10 nearly 100000 nile,
which is probably great deal more than is worth. ~
January dividend vii be passed The stocks Of the Ga
lena and Chicago and 81 the Chicago and Rock Issnf
rUajs have fallen from 81 30 90 owing 20 the preys ling
impression that toe February dividend Of the and lhe
Apras well The last o. ober-divdcnd of the other,
will be psssed II fcluccd N absolute certa a,y
that railroad running MT Chicago from the West an.
during the present winter any thing p Dg
expenses and iueresi and very few o. them will 40
much that The January interest OF the Chicago and
Fond du road viii not be paid and the bonds have
been sold low per cent The bonds Of the IIanni
bal and ~ Joscphs read ore q the great Missouri Land
grant comtanes cot M by Of the largest capitalists
Of Boson have been sof low &c. which Indicates
the there fear with regard TO The future payments
Of Interest.