The operations of the company may be extended to the delivery of one hundred and fifty thousand tons of coal the next year, without the least difficulty, and the cost of mining, railroad transportation, and freight, may be reduced fifty cents per ton, making the net cost of the coal at Kingston, two dollars and fifty cents instead of three dollars, the present cost. But to assume only one half of that saving, and the cost at Kingston, at two dollars and seventy-five cents, and the selling price four dollars and seventy-five cents, with only an increase of twenty thousand tons to the quantity for the year 1832, the result will be as follows there will be a profit of $2 per ton, which on 100,000 tons will be Receivable tolls on other business, $200,000 30,000 230,000 Repairs, superintendence, and interest on loans, 68,500 Leaving for dividend on $1,500,000 stock 161,500 150,000 And a surplus of $11,500 The canal terminates on the Hudson, ninety miles above New York, and sixty below the city of Albany. The whole of the population in the towns and counties bordering on the North river, may therefore be considered as the peculiar and exclusive market of this company. No other coal of which we have any knowledge, can possibly maintain or attempt a competition with that of the Delaware and Hudson Canal Company, in this section of country. This will be conceded at once, by every candid man: and it is equally certain, that the quantity required for this market, will be very considerable. Their winters are long and severe. The forest which once skirted this noble river has almost entirely disappeared. In the North river towns, wood is therefore an expensive article; in Albany it costs about the same price as in Philadelphia. It is hauled twelve miles, to Kingston landing, for the New York market. To the quantity required by the North river market, may safely be added no inconsiderable amount for the population bordering on the Erie and Champlain canals; so that in fact the market open to this company, and secured to it exclusively by the termination of the canal on the North river, will be co-extensive with the inland navigation of the state of New York. The article has already found its way to Utica. There are in this city eight marine insurance companies, with an aggregate capital of During the year, two of these, whose capital amounts to $450,000, have made none, so that the dividend has arisen upon The Ocean, with a capital of $350,000, has, from 1823 to this year inclusive, made dividends for 126 per cent. The New York, with a capital of $500,000, has, from 1823 to this year inclusive, made dividends for 76 per cent. During the year, two of these, whose capital amounts to $750,000, have made none, so that the dividend has arisen upon a capital of $7,050,000-making an interest of 6.805 cents. The Washington commenced in 1814, and has made a uniform semiannual dividend of 4 per cent.-making in all 144 per cent., amounting to From 1823 to this year, inclusive, the dividends of the Eagle is 69 per cent., making $347,500-Globe, 52 per cent., $520,000-Franklin, 444 per cent., $133,000-North River, 64 per cent., $224,000-Making in all $1,224,500 $2,383,750 83,420 And have made dividends to the amount of During the year, three of these, whose capitals amount to $1,500,000, have made none; so that the dividend has arisen BROOKLYN, opposite to New York. Long Island Bank commenced 1824, with a capital of $300,000; divides this year Its dividends, from the commencement to this year, is 49 per cent., amounting to Long Island Fire Insurance Company has 6000 shares, at $17 each, making $102,000. Dividend, 1830, 4 per cent., is $4,080 These companies have an aggregate capital of 21,000 147,000 |