Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-01-24

the 18th, which is reported in the
Chronicle as follows:
Hon. Joel Whitman, Vice-Presi-
dent of the Company, occupied the
chair, and Orville Strong otticiated
a, Secretary.
NJ. J. Briggs, Esq, being called
for, responded with an able and
convincing argument in favor of the
proposed narrow gauge road from
this place to Freeport, backing up
his assertions with carefully pre-
pared array of figures, from which
is condensed the following:
In order to build and equip the
road there would be required
Municipal aid and donations S2lo, 900
Mortgage bonds. .......... N,OO0
Total for building 70 miles of road
$56o,ooo, or S, 600 per mile.
The business of the Mineral Point
R. r., fifty miles long, for 1875,
amounted 10 65,S05 tons of freight,
which together with it's revenue
from passengers, made its gross
earnings for the year over 100000,
or 81, ,0G0 per mile of road,
A low estimate of the annual
freight business ofthe narrow gauge
is 5S,4l tons, which with its earn
ings from passengers, DC, would
make its gross earnings Sl77,534
or S2,536 per mile of road.
A liberal estimate Of all The running
penses Of the road PER aunum.... s94350
Interest on bonded Indebtedness, IS o.
900, at per cent ................ A0O0
Sinking fund to pay principal of bonds
IN 10 years. ......,. ....'.....'... -o"u
Grand total of expenditures. SAB $50
Which taken from gross receipts. III 900,
leaves net profits TO be digided among stock.
holders, s34, ls4 over 6S per cent. on $50 900
OF stock.
The foregoing estimate Of eXpen-
ditures is based OF the idea of bust
ness requiring two or three trains
daily each way. But supposing for
the first year or two, before busi-
ness is worked mp, that it is very
much less than estimated, say, for
instance, a business of only 81 900
81, 100 per mile per annum over
100000 less than estimated, and
only about one-f fourth the earnings
of the Mineral Point railroad. The
business would only require one
train per day each way, and conse-
quently great reduction in the
running expenses.
With that business the yearly running
expenses would be only. ......... s4695o
Interest on bonds. s..................... 24o1U
Total. ................... to,ooo
Total earnings. gs............ U'Vo
To be divided among stockholders. :. So, 90
Or over II per cent. on the Investment
OF course the above estimate Of
the business of the road is ridicu-
lousy low, and there is not the
slightest room to doubt that the
stock of this road is a perfectly safe
and profitable investment.
Remarks were also made by S.
w. Reese, Esq, Hon. Joseph Ben
nett, James Roberts, T. J. Morris,
J. II. Penberthy, and James Jones,
after which committee, consisting
of Messrs. Jones, Bennett, Roberts,
Reese and Briggs, were appointed
to solicit subscriptions Of stock.
II Mineral Point, on Friday p.
m. las,, as two ladies and n gentle
man were walking down one Of the
principal business streets, they were
attacked tp5 a mad COW, and one Of
the young ladies w's tossed nearly
across the street on the animals
horns. The lady was attacked in
the rear and "lit" on her hustle and
fortunately was not hurt.-Daiing-
ton Den,Ocra.
That "bustie" must have been
made of Democratic newspapers, for
no other material would prove
slough" enough to save her from
fatal injury under such a BULLDOG
ing.
NEW FEED STORE.