Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-05-05

Leaving for Int. on ,nds, Taxes and
Diudens' '''s'.'''.'.'.........'.,S S2490GG 40
A comparison OF the gross income for the
past with that Of the present year will show
an increase Of $2,0l6 55. The expenses
have, in the same time, been reduced, show
ing a gain in the net income of S33,778 75.
Nothing has been charged TO Construction
Account during the year. The amount ex-
pended for furnishing additional depot and
other facilities for business, is embraced in
expenses Of transportation.
The report Of the Secretary also shows
that the floating debt Of the Company has
been reduced to $24.075, consisting of Bills
Payable due LIST of July next, with cash on
hand to meet the same at maturity; and that
the present assets exceed the remaining liza
bilties in the sum Of $63,26S 80, About
one-half Of the assets, however, will not be
available before the ensuing fall and spring.
Under these circumstances, the Board have
deemed il prudent at this time to Ipass the
dividend.
Within the ensuing six months they will
be able to resume the payment Of regular
dividends, and have surplus sufficient, il is
believed, to guard against any future failure
The report made TO the stockholders, al
their semi-annual meeting in October last
showed that the company had invested, in
deprecated railroad stocks and bonds ofcon.
Meeting roads, the sum of S30o,076 TO- In
accordance with the recommendation of the
committee appointed by the stockholders at
their last annual meeting, the undivided net
earnings 10 March 3lst, 1859, have been
credited to this and other bad and doubtful
accounts, thus wiping out the total amount
Of subscription 10 connecting roads, and
bringing the stock ofthis company to par on
their books; after deducting sufficient Of the
assets to pay all outstanding liabilities
The balance remaining to the debit Of stocks
and bonds is S23, ,747 26, which is estimated
TO be worth that sum, and consists Of Dayton
and Western bonds due October, 1864, tu
amount Of $4,000, secured by first mort
gage on the bridge and track sold that com.
pany for their entrance into and passage
through the city of Dayton; Of thirty shares
c. II. 4 ID. stock, and $500 in the stock oI
the Middletown bridge Company. This
company have now no property on their
books worth less to it than It's cost.
The road has been operated with its usua
regularity and freedom from accidents. Nc
passenger has been injured, or property des
troyed. The track and machinery have beer
kept in good repair, and the officers and mer
employed in the various departments con
nected with the service, have been yigilan
in the performance Of their several duties.
Two serious accidents have occurred Al
road crossings, by which four persons, highly
esteemed in community, have been killed. =
One elderly lady lost her life by walking OF
the track The relatives and friends OF IN,
deceased fully exonerate the employees Of Oh,
company.
The relations Of our company with thos,
in charge ofoonnecting linss ofrailroads con
tinue harmonious and satisfactory.
The Junction Indianapolis road, which
connects with our road at Hamilton, will b,
opened for business to Oxford during th'