| From the New Orleans Daily Crescent |
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| December 6, 1861 |
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| New Orleans Money Market |
| Crescent Office, No. 70 Camp street |
| Thursday Evening, Dec. 3, 1861 |
| The street was taken by
surprise today at the result of a special meeting of the Board of
Directors of the Pontchartrain Railroad Company, preparatory to the
acceptance of the annual return of the officers of the Company to its
stockholders. The earnings of the road for the last six months have been
about 5 1/2 pct., from which a dividend was declared today, payable on
and after the 10th instant of 4 pct., making 8 pct. for the last twelve
months, leaving a surplus of $6000. Under the great depression of
business, the general falling off in the quantity of freight
transportation, there must have been some remarkable degree of economy
carried out in the general management of the road to enable a dividend
of 4 pct. for the half year, or 8 pct. per annum to be divided among
stockholders. The Pontchartrain is one of the oldest associations of its
character on the Western continent. It was the second railroad company
organized and carried out in the old United States. It has undergone
many changes and vicissitudes since its incorporation in the year 1830,
and we refer to it as being one of the landmarks of a generation now
greatly reduced by the hand of time. |
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