New-York daily tribune., 1858-03-20
4 Gres. BRIAN .nd Ireland .ts,s .,e ses3 .lessf

com oe,ed railroad or ops mile Of railroad 20 every
SVV OF poPason, and every Ia square MI es OF .fos
al Eog and a1ne there Are ,i miles OF Lfoa1' or
ole me - every 800 Ct poI uIaiI ID, sl4 every ne
square miles Of ares Tne .O;sl cos, oi ali me ral
foats Great Brrsn an Ireland nas teen si9oo,
GVo,viV o. about si77,000 Z mIe s7essgcS about
donce ne cost g nile OF sew Of the mos ttensiVe
Ines ta-s COUNTRY, a. the Boston az WoIces.
:er, ;Ae Hudson River, and me New Iork Csntrsl
railroads. Some OF them have cost over ,OOO
mile. Oi the whole s,S7 GO 600 hiss been raised
oy loans or bonds sS eco coz by Issues OF preferred
stock, and the remainder by ord nsy stock saoscrip
i1ns. The common stock ~ share capital sunounts to
- g cen: Of the whole cost During the as: year tue
working expenses o al the roads nave amounted 70
l0OOO,VC0, Or 81, 500 4 mie. Ga. Of tie net re
celp-s tie aye,age dividend fsil hss been l.l0;h
cea. or he osns and preferred stick, and l-sth g
cer' on The cen nor stock. This result speaks wen
f. the value Of this kind Of properly 10 Great bu,sn
as g. nves:ment showing On the Wnoe tnsS :
mansSed WIKI g'ea, pcuience ard honesty, ana thSs
the average net dividend CT the comm cafia socA
il already nearly equal TO that yielei by the br.h
CODsos, WIN me prospect OF regular afc consces"'
bic Il crease f.: the fl.G-e.
IL France railroads have yielded stil better reiurrs
10 ,her projectors sld socks0lGss and have oeeh as
much ms re profitable than those o: Great B IAN as
me Bii,l rslrosds hsve been rore prottsoie than
tnose OF :his country. ln France, che GJVeInuent
design ates ne main routes of a. ce gress ,r'nk nss
OF railroad, :her lets or "coEcedes taem 10 pllyAe
eOuUanies n n1e.y-n ne Years aud aids Them n -heh
con.tru 'tion with u;.ed s-noun' Of cts'e loan Q,
-rtd.. bearing e GER. interest. I5e prya'e capt'l
is gradually ext:bs susheC by sinking iund cuous'ps
10 from 70 e cen. for esch year, SO 'nsi a. VIC
end .: tSe nre.y.rire yes-s lease ne UoVI s.ncn'
vii be the sole owner .: al the rdFoads N rIa-.i
According ~ the ,atess returns, ,U5O miles ol .e
he'd been ch arered Or "granEed II France OF Nu"I
400 miles 1ave beer complete az ar avesss 900 oon az
$4,000 per nile. o: the whole cost, SiS'V VoV,VOS
pa been contributed 5y private ceps N the oTI .,
los rs snG .tccks ana Sl30,OOoOOO IN the snape oi
G. ve-rrrert 'oau or credit. Of .he private caplVa'
about $3.50 COO eco ia IN tne form OF comm On sIocs,
AID OF this snount me average dvden tor ,ue i-s'
yes-w T. cent SIX o: the lonsest ana most e1'
pen.ve lies have paid sversgn arnuA Lv'oehGs% ~ ~,
ipc the lss :lree years of 10 e cent ana one o' Ie
the LYONS and Mg-sele line-paid Ior me as' YEA
q divivded OF y e cent 20 rs stockholders: Il ee N
stocks Of several - the compsnes sell al from f-uo ~
$500 4 share for 800 paid ap. France has encouf
aged The construction of ralrpa oy gIsran )eing
q Ger: dividends on the private cspitsi embarked u
them BIZ. :hei- success has beer SO great that the
profits have always exceeded the amount guaranteed,
and the Government has never been csLed upon 70
wake good sny deficiency. On the whole, tne raj,
cad system OF France hss proved ir more successu,
than ANYTHING e.e she undertook IN tae shape OF
public works, and fsr more profitable 20 those wAo
have Deer iniu I'd 20 nves, their capita ~ !. tuah
,ae railrc ad sys5em Of any other country.