Litchfield enquirer., 1869-01-14
ges 36 and AZ of that Report, the ft tabular statement is made up: a3ti
s15.sl6. 3s5 n. sl.57O.GOO

! ,.,ls.t Total. . Sl5. ol6 ,335 sts Sl.5iO,6OU
 or 9 9-10 per cent. on the entire R. R. capi l tai of the State. ia'4 sH''s3.'' 1- 't1" The Boston, Hartford and Erie is omit l ted in the above table, there being but 1e
 miles of it's line completed within the state,
 and the Providence, Hartford and Fishkil 1 is also not included as it is in an unfinish.
 ed condition. and its earnings cannot be
 determined until the work, now in prog. { ress, shall give 1t connection with the rail way system of the west. This road, ol more properly the Boston Hartford SS Erie with which it has been consolidated, whel ] finished, will doubtless show larger gross
 earnings per mile than any road in this
 state. This is to be inferred from the
 large dividends earned by the Western
 Railroad connecting the same point, Bos
 ton, by more circituous ronte with Vest
 tern Roads at Albany. In addition to such
 connections this Road will secure large l coal traffic, and more than one hundred
 pai lso tt5r k -y--7 --7-- 77--I As have stated, substan tially. in the re-
 port submitted to the public, that the aver
 age per cent of earnings of the R .ilways of Connecticut was equal to the rate of inter-
 est which towns would pay on indebtedness
 incurred on account of stock subscriptions.
 It is highly proper that I should urge the
 gentleman to explain tho manner in which
 he deduced from the saase report Railway Commissioners) tho earnings of Conpecti- cut Railways to be but one and one f,u,lA per cent as against mine and nine teatJzs s,e,. Cent. as shown above. sssaisa-J aaf i, 7, , The above table embraces all the firisb. ed roads of the State, or such portions of them. as lie within it's limits. the capital they represent and their nett earnings an. pllcable to stock dividends. In order to determine more accurately the earnings of these roads on their 1egitimate cash capia,l an important correction is to be made.
 The present capital stock of tho New York and New Haven R. R. embraces a arge proportion of the g. GOO, 900 of stock
 issued and also $1 OOO, 900 re. gently issued to its stockholders at abo,t two thirds it's market value, to cancel sr 100000 of outstanding per cent bonds md on which they are paying 10 Der cent
 The Naugatuck, the Hartford and New Haven and other Railway Cos have issned o their stockholders large amounts of stock s extra dividends, in addition to their req. liar cash dividends. bs.t jls 1a d
 The commissioners Report does not fur ish information on these points, though I IS certain that more than g, 5AO, 900 have cen Tn this manner, added to the railway apltal ofthe state which would reduce le capital, absolutely paid ia, at least to I Is, SIG, 335 on which amount their earn 'gs' deducting operating expenses, inter t tt on Bonds and all other charges, is about ] 'etae perceat oa Meir paid ap capital. i fa1 t It IS unnecessary to allude to what has n cen. hitherto. said on the subject of azra- c 'a' as as the gentleman has publicly correct. II his IS statements on that point. hence any
 O 'slrng to know in what manner this sub- ai ct has been considered are referred fo sl c previous report which is within their hi ach. t.',.- .,.'- .,t- s'.. sa .5'.' z. .+ nj One objection, however, more seriously W 'sed by the gentleman, that the compar-
 'n n instituted between the Grand Lists of Wns lying along the Shepaug and those
 the haugatnck Valley would, or might Ina t hold good, deserves notice. saasblF tn regarded the comparisons made as eru em. Vi 'n1y lair for the reason that the conn I'm, 70 ne opened by the shepaug is richer hu a an lss natural resources than is the Nan an 'u0N valley and has many resources. , @ to, 'n' Limestone. Marble, &c. unknown bv 'na' Valley. which would require the Ne pioyment of large amounts of can;ta, =. NJ IT developement. which would te rer. ! E,, nently added to the taxable property prol Of an m csc townSg5sBA adt .3ssd Ir,.r..z z.tls ,. .o., ;, may be permitted to rest the inuu;yv so ,,os, 3. for I have not the data nor fhe aine .s1