

S4,s9I 2s
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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And this gain has been made during severe
competition that has existed the whole of this year,
and the rates OF fare have been only 81 to Boston,
against So during 1874 This income proves con-
cluslvely the solid prosperity of the Norwich road
growing out of the local business. What will be
the increase of income, whenever the competition
may cease, which now compels all the parties to
take such reduced fare that of Ss2 for 2i0 miles
Last year this company paid six per cent dividend !;
and yet, while its business increases at the rate OF
$4,S91 % in the last nine months, the cores
pondng period of last year, the stock is selling at
20 to 30 per cent discount. This is great contrast
to the market value of similar railroads in New
England as well as Old England"


No mention is made here of the greatly increased
expenses but the one-sided view given, to deceive
as 20 the result Of the years business. Now the real
and exac' condition Of the Company tor this year
will stand nearly thus as can possibly be Judged
OF by the condition OF the Company on the Books,
VIZ


Expenses, (at least). 100000
Interest on debt. .............,.... IS, 900
DIVIDEND paid in January last. .......... $4,000
Reservation fund, as per agreement with the


Committee on the extension road to Aliens


Point. being 37t ccnts each passenger with


out reference to the full charge made. $50. $4,000
building wharf. ............... 5000
Two new engines purchased, on which credit


was obtained ..................... 1890