Lebanon Railroad 1852

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Lebanon Railroad 1852 - n,arVeU j The proposed Lebanon Springs Road...
n,arVeU j The proposed Lebanon Springs Road embraces 53 ".niles from Chatham Four Corners, the terminus of the illarlem Road, to Bennington, Vermont. It will be built for $34,000 a mile, and including equipments, cost $3,010,( 00. The through traffic from Bennington to New-York. New-York. New-York. 163 miles, w ill be done connectedly with the Harlem. Th gross traffic derived from the new road is estimated, the first year, at $516,000. Of this about two filtha go to tbe new Cwnpany, say $222,000, and the remainder, remainder, say $294,000, to the Hudson. The first sum wil I cover the cost of operating the 53 miles new Road and full 7 cent, on the investment. . If the gross estimate estimate should fall abort, the Harlem yield a further division, division, to make good thin result, but not to exceed in all one half the gross earnings derived from the new road. As we understand it, these earnings must fill below $150,000 to pay less than 7 1' cent, to ths Lebanon Company, or to add less than $22,5000 to the present in come of the Harlem. A the earnings grow beyond the estimate for the opening year, the advantage to each. Company is in the proportion of something Lke two-fifths two-fifths two-fifths to thtee-fiftha thtee-fiftha thtee-fiftha tbe gross traffic on and derived from the 53 miles. The New. England and Canada connections connections of thelarjym and Lebanon line, a thus proposed to be extended are numerous, and the arrangement, while it makes the new enterprise altogether feasible, is to add to the importance of tbe Harlem, as a great link in the Northern chain. The addition thus secured to it' present income is made nctt profit by a very trilling addition addition to its equipments. No guarantee is given, as we have heard intimated, of 7 V cent, to the Lebanon Co. The Philadelphia Bultctin of this evening contains the following list of the bids for the. Pennsylvania Railroad Railroad Loan : i. Charges II. Fisher.... 1 ia tl.tiOO.flOO

Clipped from The New York Times18 Sep 1852, SatPage 8

The New York Times (New York, New York)18 Sep 1852, SatPage 8
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  • Lebanon Railroad 1852

    toddkwest – 27 Mar 2013

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