Report of a Committee of the Stockholders of the Western Railroad On the Means
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We observed in our examination, that, the bridges, culverts, and masonry having been nearly all con- structed for a double track, but a very little expense would be required for these objects, and comparatively but a small amount for grading. The superstructure will require the chief part of the expense ; and, with the present cost of iron, it is estimated by the Directors that less than ten thousand dollars per mile will com- plete the work. We are satisfied that a double track must very soon ...be laid to meet the public wants ; and as we arQ assured by the President and others, who are not only conversant with the business of the road, but are eminently qualified to judge of ^ts wants, that the expenditure for a second track will increase rather than diminish the ability of the Company to pay dividends, we concur in the opinion of the Directors that a second track should be built, provided it is done gradually and prudently, and without sacrifice to the Company.
Your Committee have examined all the investments 12 of the Sinking Fund, the books of account and vouch- ers of the Commissioners both at Albany and in Bos- ton.
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To quickly assess the difficulty of the text, read a short excerpt:
We observed in our examination, that, the bridges, culverts, and masonry having been nearly all con- structed for a double track, but a very little expense would be required for these objects, and comparatively but a small amount for grading. The superstructure will require the chief part of the expense ; and, with the present cost of iron, it is estimated by the Directors that less than ten thousand dollars per mile will com- plete the work. We are satisfied that a double track must very soon ...be laid to meet the public wants ; and as we arQ assured by the President and others, who are not only conversant with the business of the road, but are eminently qualified to judge of ^ts wants, that the expenditure for a second track will increase rather than diminish the ability of the Company to pay dividends, we concur in the opinion of the Directors that a second track should be built, provided it is done gradually and prudently, and without sacrifice to the Company.
Your Committee have examined all the investments 12 of the Sinking Fund, the books of account and vouch- ers of the Commissioners both at Albany and in Bos- ton.
What to read after Report of a Committee of the Stockholders of the Western Railroad On the Means?
You can find similar books in the "Read Also" column, or choose other free books by Western Rail Road Corporation to read onlineMoreLess
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