The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-23

sncxips ne. earnings or.............. soi4,i4o 81
July dividend, per cent. .......... s?s7 ao5
August do. co. ........... l31soo .-s,o A.,
suyr,ps $40 1870 81
of which $40 ea2 Sc have been expended aud chsrged
IL construction account complete graveI1g the track
The of he company December 81 1857, we're
&5 267 o. aud the total liabilities 70 os2 is' ~, esv-
| log a surplus amounting to $2l3o79 %.
Tbe COMPTROLLER Of Tennessee gwen notice that the
folio us free banks in that SAte have gone INTO hq1da
ton ara that their circulation will be redeemed olt OF
the trust funds in his hands, viz Bank Of Paris, Bank
OF Commerce, BANK Of Jefferson Bank Of Trenton and
Baak OF Tazewel.
The shipments of bresds.ufIs from Milwaukee TO the
18th verea9e4s barrels Of four S03 $50 bushels of
wheat about IL 600 bushels OF other grainn the
aggregate upwards Of half million bushels. Last year
a, the date not single bushe had been shipped.
About half OF the amount mas gone 70 Buffalo and the
rest 70 Canadian and Lake Ontario ports.
In the report OF the directors OF the Illinois Central
press the year 1857, there one evidence OF
the good effects OF bad times. 10 more tut ard OK
pcit than any document of the kind that We remember
have read The trustees, the treasurer, the auditor,
the sioner the chief engineer, tho master o
rsnspor ason the Of machinery are all
raado the mark, snd to tel whatever they know
about the operations Of their respective departments
" y
entire subject from tie financial embarrassment, created
by floating debt 70 the number OF the pigs anc chick
ems carried over the smallest division OF the road This
comprehensive mbuteness worthy CT praise and vii
be properly appreciated by those stockholders ~ho de-
know Intimately the manner in which their prop
erty administered These reports OK great corporations
often vague and complicated that would puzzle
more than make out whst they mean; but
such is the with the paper before T. Is We
luminous enough, but clear and most systematically a.
ranged.
According the balance sheetso the auditor the cap
tai stock Of the company g. 43S; the consruc-
ton bonds ne, SIS 1872 $50 Sc; the free land bonds net
t2,c7e $40 61 the optional rgh; scrip s73e23 u.s. and
the net floating liabilities $3.50. 042 24-max.ng
totsl cost OF the road with interest, $40 s72l:7 TO-
appears that call OF $40 upon the shares paid to
the lolh March, 1885, gil OF ia eei shares, except
772 TIE resume o, the cash OF ls4, shows
receipt and disbursement Of se,9a5,3ss A. Since The
orga OF the road sross amount OF $50 339 ~ have
been dsDursed OF which the net earnings Of the road has
contributed 4o3 49, while the sales OF lands have
yielded il cash to the interest fund 81 os2.2o2 3D.
Tie OF transportation statos the gross earnings
Of tie road al q 35 o3 CO. and the operation expe
70 per eenl-shOwing net surplus Of ss65,s7l o..
These operation expenses have been swollen beyond those
c. the previous year by the opening of eighty additional
miles Of iced through wholly new country; BY the
number Of stations built and trains rum by The
prece OF the las, winter and the heavy rans
Of spring and by the reactions o: the severe monetary
crisis Great reductions, however, have already been
made these eupenscs and others projected. Up TO
July last there small increase In the EARNINGS In tbs
road but when the grand CONFUSION Of the saLu
on this arrested and the earnings fell or RAlns
remarkable thai tbs decrease TOOK place alone the bust
less derived from the foreign connections Of the road
-hIe there increase OF s92 e6S 90 in the los
traffic This local increase grows out OF the settlement
the lands sold by the company which must 0! course
nbii STILL satisfactory resails in future years.
The original grant OF lands 10 this company consisted Of
25e5 900 acres OF which u had sold zoo e3s seres fer
the sum o. sls.sil 40 40 Inc portion yet unsold lying
rsny ia the and south OF the STATE u In vigorous
demand. According to the Land CommIssOner's s--.e-
me, the financial pressure has no; deprecated them IN
value although has caused the company graz.
tain Extensions 70 old purchasers notes SVEN Ia pay
mcnt for lands The extension is generally granted
tie Condition o, advance OF ten per cent interest The
company nay vel afford these extensions for ne Aads
hey sell rapidly populated and improved, and
way become a certain and ample security. Mr.. Wilson,
The COmnsoser, caused inquiry to be made, BY two
gentlemen, the manure and extent Of these improve
mont, on the $50 miles Of road between Calumet and
Nation the Chicago oran,h, and the rcsults OF the IN
yesugst.on are mcst striking
been surrendered AND cancelled s5b2 800 Of construction
BOMBS and go 900 free land bonds While Judge Lane,
The PRESIDENT director held Ia his hands Ire lat Gag
December 1857 notes 70 the amount o. fl3 426 g.
The Peoria and oqyAwka ros1 VIII IN connects the main
Inc q. u. Central with TIE Chicago branch and which
~As completed opered the 18th Of ocsoeer Is5l,
es;sed INTO most advantageous arrange nent for
Central, enabling easily 70 transfer cars and 70
cresse both n passenger aas ire sht trafhc.
The permanent expenditures The eJnsTuciion
eour, o, the roal hs-e been FOR the year vi osos7 -
o. ~hsh area 34s 81 Tor fencing ts554l "a fos
station buildings $50 no 81 for vAierworss; ss2lss %
for bal;ins fl229io L. for projections Against the AXE
90 the sos sss q Ire city o: Chicago, lna $3.50 PSI IS
| fcf ne- eDsses, cars and iron for sdrga RE
| company opn II2 locomotives, wniea have run
| 2a2o SOS nEes, Il cesl burning engines are
sss at saving CT 30 per cent "a engines and 52i
cars ss-e tcer aided 70 the equip o, The rosd While
az shoe sss F<aers oaiy u engines and u cara
underss ~ repairs me vAae Of the Aa;eras on had
Ar cunts 20 s165 Cos s3 there 2ooi re sht care, Il
passenger cars saa % ether Singular 70 say, ho-sh
~. 7o7 passengers can increase 90 1851 nave
been carried ever The road no, single ss,us asceoa,
pa tsrge,sd 70 tssn from the trains.
later. ug ssles also given IN this report q, tat
suoup1 O, reeh, n dnerepi classes forwarded o, lie
p~rcrnancss q engines, -,h the cos; o. taer fuel, Of
sIs. ~ q The comparative sales o. sass 10 dnresi
districts q re passengers uspsport from zach sts,n
tId saor o. Almost ever IN "a else Eh1A Goa eros
u. operations ~ eel the sinins;rst; q td.s m.
msss. enterprise II the shareholders and others
msrs5rmed OIL tes. topics wil not be FOR the vsrt Of
care sna nGssry ca TIE part Of ihOss presarss
sh oortD Joc1nev-
The ster % On Gas,.> says
he rrosoecy Of tie Sterling and Ross issod RAiFOsi
a. &c lGt.eriDg Ibe CJmps0y organ zed me
Br,i 1sy % Msy iast OF cgerst0as sere Cey
msDos1 voea re paDIc' pas ssop % worK upon at
every he Union. Nevertheless, certain snDun.
CD EJrk ass teen tns read the
Y.stou o. tne contrast WITH Mr. Zimmerman rho
veys neen complete rghe u say 0otaosd, and
az VI 500 600 raised ty stock sdbscrptOu Five miles
/ Of he rot1 Between Back Creek asd Lyndon
srt'et tnt ready for the ties. Couracs have beea
ered ntJ ut several parties 70 pTOgde ties, aud NJ
IumeE msu wN De mere about the 1rst Of day nexs,
wbsn several hundred men rA be placed along iine
- he road and ooera.ous vigorously pushed 10 ward