The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1873-08-15


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slsai lle hasiaess Ina nat la ~ ia.
Ill 4 ihruh 1ee pr eal lsst annual
u i rpAl svintn ffa fal's al iatpsis
ment ani n rtttaiuh fsr ahse sle
as.tsee laulits II individuals uas ha,e
embarked Ia the husiaess Il al min.
ine
II upnli NJ interesting u lanu how
maeh n the ruuni two hundred nll.
lien dollars representing The CAPITAL
ani 'lsbi a the corporations composing
tho gr,a, cnal combination II wai.rcd
s,nek. \ great deal nt /, i iitsi,ipn,
capital, IN cnr opinion |, il matter
4 history that the Reaiing ani ncla.
war;. l.arkawanua and Western rail.
roads, aud tue hest part II tin luhigh
Valley, anil also the Delaware aud
Hudson Canal, were completed works
IN ISL, They've all bringing roal
q iiIc-Natcr In Tint year, anl the
quantity they brought was more than
half the quantity they are bringing
now. The total anthracite production
that year exceeded ten million tons.
while f"r tho las, twelve months IL has
heen about eighteen millions With
completed roads aml canals. with tho
mines IN their possession, anl about the
same terminal facilities II, isni IN they
INV enjoy, these corporations certainly
lid no, require double the capital to tn
double tho business We should Judge
that M increase of capital u onc-third
would bc amply suiieicn, - double the
production. Il an instance, the cnpi.
.al stock aud debt of the Boston and
\ .A!hany Railroad were sixteen million
dollars IN ls6l an.l twcnty.onc millions
IN 1870. and In the interval the bus-
ncls mare than doubled great deal Of
aouhle track wa. hid a,l other *
runsisc improvements were made.
without further explanations, will
speak for themselves. Tho capital
stock ~ the four companies wc have
named has heen increased from SI3.-
uua. moo Ia is,il to SDO, ,euo. 100 In
ls1a, er considerably more than 'louh.
lel and the debt has grown from I -
100 400 IL lsil 70 $4,000, 900 III
i>13 Taking the stock aud debt To-
sether tho increase has hren from
Siu. bnu, 600 IN i>UI ID Sl3t,oou,. J.
uOn III ls1., or II per cont while
the increase In the production of coal
il onls 50 per cent. In making the
Eralenlation We hnsr deducted from tlle
,lcht IL the l.,a,lng Railroad the
blnls If the srhasl.ill Canal, anl also
| $4,000. 400 more. being the amount
II it. recent Investment IN eoal mines,
The Delaware aul Hudson tanal Ipn-
pany has doubled IT, stock anl debt
since lstI. and tlie Delaware. latka-
wanna and Western and l.elligh Valley
companies have multiplied the nominal
amount IL their Investment hy three,
tile stock of tlu Two companies last
named having hern raised from Sia,.
lnC nnp h 2ll .nnO. 600, anl thu debt
from S5, ,uun. .rnu u gu, ,nOn. 400. Soc
rpar's Manual Il the Railroads u the
United States We saspest tha, the
managers II these corporations think il
lnnks better To distribute among tho
shareholders II, per cent. un twenty
millions u nominal capital than ~ per
cent III hall tho amount
| In Those parts III the country where
anthracite coal ii used. thr eantnmp.
tim i rcckened nj on. ton Il year for
eaeh inhahi,ant. 4 fanil, .f ELK will
hnrn aiS toms. anl will ra, ll,ia winter
Il special tux IT from Sit, Il Sl2 III
order these grcal eoal corporations nay
10 u li,tlc better than paying onl, tc,
/ per cent on their wa,rrol rlneks, "'lhc
exceptionally low price IN America
during the pas. ycar. say tho man.
agers ol tho Reading Railroad IN their
rcnprt, 'laa introduced coal IN compe-
.tilion With Woua into districts whore
III never had hccn sent before and Il
''is well known that when tho applian.
.ee- for burning anthracite coal are
..oncc introduced. and tho advantages
,.uf tha. fuel once understood. II !,
never displaced By any other W.
arc welded u the glowing anthracite
M tho EnglAhman IL welded 70 hi
lrer, Tho corporation. lave found y