The Express.
London, England, 1864-03-26 00:00:00

wiUX RAILWAY.

When the find mortgage bonds of the Pennsylvania sectka of
this railway were hatted, it was uncertain whether the Compaq
would proceed inueediately with the comtractios of the road
beyond Akron do which ease arranges). tits would have been
made with other companies for the completing link from theme
to Dayton., or at once push forward the allots lien and so keep
the command et the traffic.

—Thel;;;l7eisniilitioWlass of the reed between fialamarem and
Akron, and of We branches. developed so rapidly. being only
limited by the supply of ranee 'tea, that the directors deeded
to open the salvo threagliant tte whets cutest with all possible
despatch. This policy, under their able engineer. Mr Kennard,
has been an energetically curled oat that the Hue is new in
operation as far as Gallon, and will be ready fort.afgc to Dayton
by the Ist of may. It has, therefore. become desirable to offer
the second mortgage bonds seise months earlier titan was con-
templated when the last Issue of bonds was made.
In order, however, that the original subscribars to, or the
present bolder, of, the Bret mortgage bonds may In so way be
prvj naked by this Dime of the second mortgage. It ts Pfatinstil to
give to exiiting holders the privilege of sabecribing for these
Minas, at the rste of one bond for every two sow held, at a con-
cession In price equal to a Metal henna
In May, the whole system of this Railway will be in operation,
consisting of Nike
The main floe from Islarancs to Dayton 1166

The branch to Cleveland 6l
The Franklin Branch and the Oft Creek Unwary Si
in all shout 500 site of which 202 have been successfully
worked during the winter. On the let of Way it is intended to
run express trains through beet New York. TS* the Brie—
Atlantic and Great Westero—Chscinnall, Hamilton, and Dayton
—and Ohio and Yleefasippi Railways, to • . Louis-1,200 miles.
In hour., without break of gauge or chsng f. of carriages.
The income of the portion of the line opened bee reached
t!O per rails per week—within one year of the opening
of the through route the receipts will be and per Dille per week
—which will give a dividend on the shares exceeding 25 per
cent., after providing for all espenditure, and the interest on
the whole issue of bends.

Dividends from IS to Li pee dint are not unusual on well con-
structed and prot.erly administered Unlearnt railways: from
the nuithernas element. of prosperity held by the Atlantic and
Great Western, It le inhered that the mileage receipts will
shortly equal those of the Loudon ant North Western and
other Wading English railways, whose ant of construction has
been four-fold heater.
The A tlanUc and Great Western less almost a monopoly of the
Petroleum trait--and passes over the most ehtmisive bitu-
minous coal ends In the woorrl{d. for w Lich an unlimited market
is about Wang opened In Caaada—aad for its traffic In Avicul-
ture' products, • leading American authority says. that when
some contemplated extemioos are made. -10.00 eight-wheeled
freight can sod boo locomotives will not suffice."
The goods ant shares authorised to be honed aver Oa Yalu
Lisa and Ezteaaaaa ale :

Thst.
i Mortgage
New Teak
411,5L000.90r
Pennsylvania 91 9300.0001
Ohio 9lll' 4.11111,11110
Branches d.
lEstanskaa

&coed I Mares.
Mortgage.

Total.

LI
053,000

Soo si.oomoo 'stsso.ooo
1,e00.0c0 '_NO corn 5,1et000
40000 10,w0,000 114,00)0)00

100,000 ! 1,454,000

NM 59.468.000 $1,11100,000 59.500,000 ?53.74,000
41004060 i1,108,n(A) Li. 315,3,50

SILVER FIR FURNITURE.-HOWARD
KJ sod 80X12 BEDROOM ITILNITI:Itt, of this new aad
'imam& Wood, oa 'how at 203 sad 27, Beraera-etreet, °dont-
attest.