Annual Report of the Directors of the Western Railroad Corporation, to the Stockholders Volume 4-9 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1839 Excerpt: ...$150,000 each, laid upon the slock, amounting in the whole, to.... $1,200,000 And there had been collected upon these on the 1st of January inst., the following sums, viz: The 7th and 8th assessments having been recently laid are now in process of collection. And the small amounts yet due upon the prior assessments are constantly diminishing, though at a slow rate. The amounts due upon the 5th, 6th, 7th and 8th, and a part of that due upon the 4th, are secured by a lieu upon the stock. And the Treasurer is of opinion that, with the aid of the contingent fund applicable to this object, there will be little or no eventual loss upon any of the assessments, or upon notes taken therefor, with a pledge of the stock as collateral. The whole of the State Scrip authorized to be issued to the Corporation under the Acts of 1838 and 1839, has been received amounting to $3,300,000 And there had been sold in England at the date of the last advices prior to Jan. 1, and drawn for $1,463,555 56 And the Treasurer of the Corpora-tion has drawn upon the Agents against the balance of Scrip un-sold, and in anticipation of sales, 657,423 60--2,120,979 22 The Scrip sold, has been difposed of at from par to 4 per cent, advance. Sinking Fund. At the close of 1839, the sinking fund amounted to And there was paid to it by the Treasurer in 1840, from the premium on State Scrip sold, and on Exchange, ....... And there will be due to the fund from the same sources from Scrip sold, and 10 be paid over when the accounts of sales are received, the sum of.. 7,595 35 Making the principal of the fund, .. $146,057 37 The two first items have been on an annual interest at 6 per cent, from the times of payment of the same to the Commissioners. And there will hereafter be added to this fund, the pre.