New-York daily tribune., 1864-04-11
Wayne and Chicago Railway Company. commencing
the lst OF Jnnaary last. by unanimous vote OF th'
ho,ako,ders ard ,rdhsifera,


l. The capt II stock ofthe Corpary may bo increased
fron 10000, the present ci.ital TO aa amount s
cent 70 Construct double track, and 10 properly eEP
the ,aHs. hs iucreass for tie pFossai year 40. W
ceed 81 aOlOJ0; hftrrwar from year 10 yo"r rs nay
BE- needed by vote of tLs II Gro and Boa cdrrs ~ ~
annual meetings riteT estimote' oareluy I'M, cy
pouGcd for that year. The money 1rslAs nv, -, 90
sales TO be excessively appropriated to nc pnlpo'
afresaid }. w. D. Lan'ar. j. ndgef sd
U1sbaUgh s. j. TiGou aud l. III. Meyer. nfs tlPolnton
Committee direct tho sala OF te fooE Shu ''e "
the proper application o. money arising tncIeIon.
/ 2 Ire revenues o; the Company, after po@ihg e5
penses tnteos aud The sinking fand crsnaasE Grred
10 he held uAiet 10 such dividends % shareholders ss
the Board Of Directors inay leem sspsIiel. >,
tho first mortraqe bonds and $751; 100 applicable to she
second mortgage bonds. IS to pc pald @, 10 'e VI
tees In The moriguges' 20 30 gpeu U we ~
said clesses of bonds at the lOwest marfe Idt'S te
accIntata from iftefest the bonds tAken up u
bo a?plcd In tho samo manner. .,,,.o,
s. The Iiyht Of the Railway Company to redeem tho
irst and second mortgage bonds 6t par at any tlls
stsr the lst July leo7 or to reiurs their conFcrso
into 4 bOnGz Is abgoSgted leaving them an lfre
deurtlc 0year = cent bond nom their date, or ss
years from the presen. time. ,
g. The interest on the third mortgage honda TO be
paid hafyeary, Is. April and lst October ii''esd oi
annually. -, T.,
T. Tie right 10 rots IN COMMON with tharoholders in
lfrut and seo0rd bordhodcs rs cXtended--nste"o o.
vote for each 500 to be one vote for each so" n'
U.s. ten votes w each 81, 900 Instead Of five.
Tho general result s that futnie expenditures lo'
construction will be provided for out OF capital IN
stead Of from the net earnings Some ~ ~,
COO of earnings have been spent upon the road ana
property during tie sst few years Ia Whist is properly
new construction. The revenues beirg liberated OF
the new arrangement, viii hereafter be sppbeabe 10
dividends at the sound discretion Of the s0ekhoders
o. Mons OF the bonds are convertible into stock Inc
whole amount Of the bonds is at preseat Si f1VO ed
Of the stock So 3OOC0. All increase of net eRrnlngsr
therefore. appi reIeiusiyely upon the stock
10 Uhe net earnings for leO3 counting the operating
expenses q. 80 cent which 10 rnther above telf true
amount about 81 lC5.623 en- s63oOOOo OF stock
and s5l1 l62 oft expended on tie road and roll
ing stock.
/ H. The gross earnings for tho month OF March were
S6Os CO., and 10 chat be added the military earn
lings which make ths whole amount sbont s029 600
Tis Is sufficient pay the operating expenses At the
average rate uf lest yccr 81 cent the proportion oi
the interest Of tie sinking funds just adopted by
tho bpndhoders and to leave y cont on the whole
capsl stock tho results Of the business 0! roush
ninth.
A dividend Of q p cent has been declared.
A dispatch from Albany says:
"The bin to enable the Erie Railroad TO issus slgh'
million Of ttock haA been reported complete by alr
LOOMS Of Oswcgo County. Ii IL contemplated TO Offer
an amendment on tic third reading to give To bons
fls stockholders TIE option Of subscribing or e" s'c'
ut par"
The total Imports at New-York for tho weeh
lVsre ss follows
Week ending Apsila Arrill. March IS. Mereh ia
Dry ,ools.. y. .55 ~ e2J3i,24S SLilll5l @SyD.,es