New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-08-17

Company guaranteed the payment OF ali rentals Of leased
lines amounting s73.s35 interest upon the bonded
debt, and dividend OF 3l2 per cent semannuay up
and including July 1872 and thereafter yer cent
The Now.York and Canada Railroad 4. practically
owned by the Delaware and Hudson Company. Tho
whole line completed and opened - Rouses Point
In September 1876 and Is represented Dy stock bonds
and debt as follows
stock, goo. 90
Due d. II. Canal 257 80
Total Capital 8257lsO
OF the - 100000 outstanding stock S392l.sOO IL
held by the Delaware ana Hudson Company. Therefore
the annual charge 70 the company rental IS the inter-
est on Si,00O.0OO, making $4,000 sol1
The result OF operating The Albany aud susqEehanns
Railroad for the years 1870 1876 lncmsye + loss
80 the Delaware and Hudson Company 81 ~ 400 1913.
FOR ISL 1872 and 1873 the Rensselaer, and sararoga
charges Of s3O5570 For 1874 the los. was s2O533 and
NewIork and Canada Railroad. the loss S3J3,llj.
THE COMMITTEES CONCLUSIONS.
The committee presents long and exhaustive balance
sheet taken from the books OF the company accompanied
by the committees estimates Of the values n the
assets. The total valuation OF the committee thus
given Is S4375I72j against The valuation Of 49, Z36
776 rs per baIsuceshcet Of the company The COMMIT
tees valuation thus exceeds the companys valuation by
S5,51i,919,
Tho report concludes as follows:
Since its incorporation tie Delaware and Hudson
CdMal company las GsDuf ell more iiHn tNO hundred
millions OF dollars 10 has given constant employment
to thousands % men, Mining Agriculture manufactures
ana the mechanic arts nave IOlNtly henrhte
operations Along the line 81 is works and yii-
lagos have sprung 10, where fifty years ago uulrlken
wilderness existed. In those counties wherein rs mines
situated population and valuation have increased
teniOli
II is corporation well and hOnorably managed hay
Ing and deserving that reputation in tno community.
ls pOilcy mas been conservative uut nevertheless pro-
grcsslye. Errors in management have occurred tut
they nave been It has been wonderfully sncces-
iul lis dividends having been large, aud Tor thirty rght
years continuous.
Thc depressed condition n itssccurcs s due chiefly
to the low price OF coal For this responsibility does
nOt rest upon the managers. some investments,
premaurely made have been Improbable The
troubles entacd by extremely low prices fDr
coal ard the locking mp of capital have been
aggravated by the reiterated msStatemcuf Of uuscrg-
pHlOus persons The corporation Is financially strong
Its properly j. enormous IN extent and value, and ad'
miraby cared for by men % superior qualifications
The markets wEicb they have opened FOR coal MAKO
possession Ot tine leased lines necessary and profitable
The loss which nOmndlly accruo3 VIII doubtless -Dn
give place 10 direct profit. Win coal 40 rcIsou le
prices which cannot long 10 withheld, success eua. 10
that OF the past is assured
PUMPING AT THE MINES RESUMED
A dispatch was received at the Office Of the
Delaware and Hudson Canal Company in this city yes
teray, stating that all the pumps az themnss of tho
Company, which were stopped Wednesday,
started aaaIu yesterday. Everything Was quct ANA 10
was believed the pumping would continue rs heretofore