New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-10-10

free from Cent aid thai there l. no ncumo.ahee "'
ever upon the roso, rolling sock, or franchise
The Commercial Buitettn II sson, says:
BONDS On. 10 D.csbrT 81 INT iivdend would sur
PILE 40 Sst p@r e,oit.l s,Iy Gsn In Juiy 1859 Since
be III. shown a. favorable an Increase
The Wba. amount Of capital invested 10 the railroads
Of The safe Of PenDs) lvana At he end OF 1883 was
s;5737 H. OF this ron S92 Oo us represented the
amount of share capital S76C97 1867 the amount OF
funded debt spd 81 6J0,910 the amount of floating
debt OFT. cha cspit, ti2 $40 O'S or46 cent Of the
whole wss pre- -uct.Se a"d $40 G98,7O3 unproductve
and Of III tv,a oet $S3,7ss,3f9 the amount produc
live was SO 4G2 27 81 y cent, and the amount I'M
producti,e 7.sG5 Sli. TIE average cost y mile OF
The 1850 miles rslTeser ted III the following taoe i0f
1889 ws $50 COS The osl grOss earnings oil The ral'
roads Of the STATE including hoee Of the Pitsburga,
Fort Waype and Chicago Railroad, which is essentially
q Pennsylvania work, have amounted In the ~ yeas
ending with 1859 TO $150, 9Ol, OF which amonm
sA8 j,6 yl3 has resulted from passenger transporta-
ton 500 709, 25l from the transportation OF coai
aud merchandise and slO IJ4,33| IRON oIher
sources, including mails, expenses, rents, etc.
The current expenditures Ill the sane
time have been SIS 49 62; aud the earnings less sueh
EXPENDITURES but not including interest on debt Sl
$50 539 TIE total amount divided on snare cspitai
has been S Sl7 3O0 Reducing these amounts 70 pro-
tonate equivalents ii will be found that the gross ear
ninps have euualed about II u cent on the whoie
liabilities ard l3 T. cent the cost of construction:
and that the Let earnings have equaed % and per
cent on the said liabilities and cost respectively Inc
proportion Of the gross earnings expeudedn Operating
The roads has been IS T. cent. The dividends pald
have syersg geo on the total share capital about SO
cent per annum. The difference between the net ear
nDgs earnings less current expenses and the amount
OF the dividend paid the share capital IS $685.
49, From this amount has been paid the interest on
the gross debt, which funded and floating has amount
ed 10 $5l4 I24 sos. Assuming an average rae OF
cent as the interest ped this amount has received the
gross sum Of S3O,o41 4S2.
special meeting OF the stockholders OF the New
York and Boston Railroad Company was held last
week, tire Hon. John 81. Wood of Portland III the
chair The object Of the call of tois meeting wss to
act upon the subject of raising funds and the making
or issuing for bonds and eecting or authorizing
mortgage on the road or any part thereof. Tnis ia
known as tbs airline To Ne~-York and when 1t Is
completed will be the shortest by come twenty-five
miles 10 New-York. The route is through Woonsocket
and New.H About thirty-fve miles OF this has
oeen graded and only five miles remains to be built to
complete the road to Woonsocket. About eight miles
of this road Charles River is now in OPERATION from
Brooklne 10 Needham, so that some twenty odd more
miles to Rhode Island remains TO be rallied. The
CHARM sn stated that there about money enough
on hand TO complete this work. and that more funds
were needed to make complete arrangements Tor pat
ting il in running operation. IL was stated tnat the
old bonds are mill aud was 80 desirable TO CON-
rIete the road proposition made to issue mort
psge notes which would be as eectual as bonds and
more available 70 toe Company Aqueston arose as TO
whether under the statutes corporation OF this KIND
could Issue mortgage notes for the purpose OF raslng
funds for procuring iron aud other necessary material
for completing the road without first clearing of its
present liabilities. Mr Plympton presented the opinion
of Judge Curtis in this relation that IN case like that
under consideration the mor notes may be lssusd
and used in exchange for work material but not IN
exchange for money. The question of procuring means
for the prosecution OF the road by notes. as recon-
mepded by MIR. Pympton, was taken up and carried 10
the affirmative. motion was carried constituting
the board of Directors Finance Committee.
TIE weekly statement OF the Philadelphia banks
presents the folio Wing aggregates as compared with
tboee Of the previous week.