The New York herald., 1871-12-29

new oceanic steam Navigation Company, by which
the landing OF their steamships was secured at
Long Dock x and arrangements made for mutual
eject OF adding 10 The revenue OF your ferry when
any OF their steamships have been in port. That
to form regular weekly line early next spring. the
advantages ol winch will be ielt by your road as
When the present management assumed charge
Of your road we found the use Of the Bergen Tunnel
very seriously interered with by trains OF ihe Della
lessee oI the Morris and Essex Railroad anu on
looking into the matter It was found thai contract
mad been made In ie5. with the doboken land ana
Improvement Company for O small road from the
Hopoken Jerry to connect with tue New Jersey Raii-
read. near the HackcnsacK River, 10 run through
the tunnel; nut instead OF building such road, as
contemplated by the contract, under authority sub
sequently obtained from tne LEGISLATURE u o. new
aud there connected with the Norris and Essex
Railroad; by extending ;hat road west they made
, connection with the Pennsylvania roads, aud so on
10 all points In the western country, and this
was the road they were operating through
the tunnel without any charge therefor. On
calling attention OF the 0cncers or the Delaware.
Lackawanna and Western and Morris ana Essex
settlement ior the asc OF the tunnel they claimed the
right granted under the contract OF 1859, for 4
branch Of the New Jersey road. and refused ac!ion
the Courts. suit was commenced IN Cnancery OF
New JesseT. to winch they put In an answer IN sub
time claimed taat your company had. by acgui-
escence IN construction 0tthe contract or 80
without formal demand Tor compensation, forfeited
all right 10 question their position IN the premises.
About me iime i the SUI was reaay LOT maa hearing
ana new contract made under which the Della
ware, Lackawanna ami Western Company are now
paying us a, the rate OF about sixty thousand dollars
q year i0r OF the tunnel, whereas previously
they hai paid nothing Tor 1t.
Application has been mado to the Post Once De.
partment for increase oil compensation for
portatlon OF United states mats. which, far has
been only partly successful as under the law as it
slider that he has authority TO pay us what Is con-
ceded To pe put an adequate compensation for the
service per,oimed II Is hoped that Congress Will
correct this matter during its present session by
cessary legislation. We are hauling two Post Oitce
cars each way day over the road on express pas
senger trans, besides performing mail service on
several local trains, ana tho Post 0nlce Department.,
with a view OF enlarged anu improved mali service,
Is now asking Us TO increase the dimensions OF the
postal cars The policy oil this company mas been 10
furnish the public with inc largest and best facli
ties for business, and In this matter Of mail service
you were the FIRST 10 construct and iss *.
the present system OF postal cars which are at
cost In excess OF the compensation the puclic has
had the benefit, Willie we have been trusting the
federal government would readjust the pay aud fix
1t at proper amount.
The Expenditures for repairs ana new construc-
tonS on The line OF the roal for the convenience OF
the pubiic ana Improvement of your property. have
been continued trom time 10 time IN accordance
with the established policy as indicated in the
annual report OF 1869. The economy In the use OF
steel and stec-hcadcd rails Is being clearly demon
strated every day, rom the TACT that with large In
crease IN the number or miles oil road operated and
To be maintained, the quantity OF new rails required
Tor repairs Is constantly decreasing, ana the con-
ditlon ol the Track Is a. the same time Improving
During the year ending September 1870. there were
used IN repairs OF track 2S12.55S fee o. 22S 600
pounds ol rails While in the las, year used but
26j4,oo2 feet or 5j6a2. .oo) pounds showing saving
OF 81 miles OF rails. or 25h mites OF road
and 2,9ls gross tons, and your track was in better
order at the close OF the last year than the close
of the preceding year, Ir IS confidently expected
that the cost and quantity OF ats required for
repairs VIII largely decrease every year lron this
time We have, SO far pnI III the track about 100
mil ar - al rll nnd nlnl T1fna Al
headed rails.
The economy IN the use OF these rails is shown,
also, in the cost OF rerairs ana condition OF the
rolnng stocs aad also in the more expeditions
manner IN wnch the largely accUmulating number
the number or accidents, by broken or ectlye
ra,ls throwing ana engines from ,he track, and
the consequent damage and destruction OF rolling
stock.
In The matter o. bridges we have continued the
system OF renewlng, when required, the woolen
structures with iron; and at ih,s time two OF the
most important bIiigcs on the line. which were for
single track only. are Deing renewed with iron and
River, west Of Paterson. Is 365 feel long, OF three
spans; and one over the Delaware River, and Della
ware aud Hudson Canal. west or Fort Jeryis,
Is s93 feet long, OF i've spans span OF 40 feet,
three spans OF l5s feet each, and one span OF 14e
ieet. The former bridge is beng Constructed by the
plan OF Mir. & s. rost ana the latter by the Kco. 20
Bridge Company OF Buffalo, on The plan OF Mr..
Kellogg.
The benefit OF the arrangements made by the
present management for lesscning the cost OF iuel
items or the daily cost OF operations, Is now beng
sensply felt as Is SHOWN in The following statement
OF the cost Of fuel during tae live years last past
1869, lsc. per mile run; 1870, 104c. per mile run;
1871, 10c per mile run.
All OF the arrangements made for securing to
your road a sure anu permanent business, and for
an economical cost OF operations, are beginning to
nave effect ana go TO show lhat The policy or making
the several expenditures with the view OF securing
permanent improvements, as specified In the last
published annual report IL amply Snlicatcd by the
result.
In conclusion, have the pleasure or communlcs-
ting The following repor; OF special committee ana
q resolution OF the Board OF Directors
At meeting OF the Board OF Directors OF the
Erie Railway Company, held at the office oil tne
company December 2s, 1871, the following report
was sIbmltted:-
TO TIE PREsIpHsr AND DIRgurons or TuE ERIE Raul.
GRSrLrNEy-lhe committee to whom was referred the
subject o! the earnings and OF the road FOR the
rent yea, s With the view o. sesr.
errcd stock having examined The statements submitted BY
year there surplus earnings applicable the
psymcn. Of asidesd, on The prserrea stock o this com
arnincs are such Is 70 the pavnent OF
Ds iat h hope that sS Ss %
ings uoineIruPed the payments OF divlasnds hereafter
sumption q dividends the preferred s,ock from tie st q
tc made payable and after e Ss, % Janua
NEW YORK. Dec ~ ,s. HSsIa HSsEs EhsHlSah EAAsREhL'
and The following resolution was adopted:-
II
earnings OF The Railway for the months beginning
July ISL that sufficient amount has probably been
ha, period Justify the Tesulnr or dividends
on the preferred stock therefore
Resolved Tha. the payment OF dividends upon the pre-
f-rrei stock OF the Erie Railway Company resumed
vdsna Of three and oneha cent for the period
months cndizs December 81. ls7i, be paid
after January H. 1874 upon demand Of the preferred stock
holders whose shall upon the books OF the
compaly > srch Decenber IL. ISL.
q ass.s That ae !. sassr ea bSSs o. tie 81 g1srs & Ss
o'clock T. NJ remain close until the 3st day OF tanr
ls72.
ror r,u do.aua of tbe ,aet year.s opera,iops I
refer 70 the statements made IN The form prescribed
by the Legislature OF this State.
JAY GOULD. President
NEW YORK, Dec. IS, 1871.
RIPARIAN RIGHT, IN JERSEY.