{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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PHILADELPHIA, Jan, l3, l546.


The Reading Railroad annual meeting OF stock
holders took place yesterday, but the stock and
loans being generally held abroad, there were but
thirteen persons present, and these lew were, for
the most part directors and officers. The result of
the years operations has not yet been published,
but 1t may be summed up in few words


The present aggregate investment was stated TO
be as follows:


Funded and floating debt, 7447.oOo
Outstanding bills, &C. about. 600


Making total of. 80. ....... .sloos7,e eco
Deduct aggregate Investment at the close Of


And there re@.ins balance cf. sasssoco
psnys liabilities since the date of the last


report.


traffic, all which has been disspated,. 1000


We shall have the sum Of -. $500. $s,Ss5 900
for the whole amount expended during the last


OF this sum about 81, ,OOO, 900, was employed in
the construction of second track over part OF
the road, in obtaining some additional iron cars.
and in adding to the capacity OF the wharves on
the Delaware. About four hundred thousand dol
lars was consumed in interest on their vast debt;
and the residue, amounting TO more than $2OOO,-
count Noapecific explanation has been given Of
the appropriations which have consumed this ener-
nous balance.


The cause of the great losses which this compa-
ny has sustained is attributable to an effort which
1t has made to take the immense and increasing
coal trade Of Schuylkill county away from the
canal To effect this object the Railroad Company
have attempted to convey freigh.s at about one fifth
the usual railroad charges, and have, accordingly,
involved themselves in corresponding expenses.
The upshot of the matter is, that the Railroad
Company have expended three millions Of dollars
more than they have earned. The coal trade of
Schuylkill county has been inceased some 2OO,0 900
TONS and the proprietors Of the rival ine the Schuy
kill Nav. Company have been encouraged to go on
a view to be prepared for conveying the whole
trade so soon as the railroad company's credit
and resources shall be exhausted In the mean
lands will be the gamers, asd ultimately the Ca
nal will enjoy trade unrivalled for its ma magnitude
in this country or in Europe. E.