p. 23

21

It is determined to send the coal to Chicago in the
company's own cars, (one train of 25 cars per day,)
and always having the means of transportation at
hand, there need be no apprehension but that a con-
stant supply, to the extent of the capacity of the ma-
chinery, will be in market to meet the demand, at the
same time taking care that the home trade at the mines
is not neglected.

The estimated cost by Messrs. Marsh & Co., at this
time, (Nov. 28th, 1865,) of mining and delivering
coal from their mines on the track in Chicago, not
including Superintendent's salary at the mines, or
Agent's salary in Chicago, is not far from $5 per ton,
in coal trains.

All the details can be seen at any time, by calling
on John C. Hilton, at the Banking House of A. C.
Badger & Co.

The price of coal on the track now being eight dol-
lars per ton, the profit to this company will not be far
from three dollars per ton.

Suppose the company could mine and sell to the full capacity
of the machinery, say 600 tons per day, and allowing that
there are 300 working days in the year, we find that the
product will reach 180,000 tons per annum, which at $3 per
ton profit will produce the sum of,....$540,000

Suppose we reduce the amount produced, just half the above,
say 300 tons per day, we have the sum of,....270,000

Suppose we cut down the profit to $1,50 per ton, we realize,..135,000
Or suppose we again reduce the profit to 75 cts per ton, a very
improbable thing, we then have,...67,000

Deduct for interest on bonds one year,....8,000
—
$59,500

Which will be nearly 20 per cent. on the paid up capital of the
company.