The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-20


meuts Of s25 600 each. June and December OF each
year, with interest at per cent
The receipts for the years 1917 and 1915 OF the Mch
gsn Southern read alone were sl73l 1875 SO; and the
operating expenses SIS 6i3 9l leaving net bus-
ness for those years OF S9I5s2 n Since the first Of
August 1889 when the company took possession OF tho
Erie aud Kalamazoo read the earnings exhibit hand
increase upon those OF previous years. 1t is bs
eyed that the extension OF the rad from n dale to
Coldwster- 20 mes-will sdj half 20 the present
business Of the road That division Is OF the most
expensive the line; it traverses paratysy hiiy
section of country aud when passed leaves the level
praires which distinguish that part of the State OF
Michigan aud the northwestern part OF Indiana.
The sources of income of this extension road in
Vulnerable and highly productive 1t will pass through
Of the most fertile sections of tho great wheat
growing country Of the Wet Among the more
Important interior towns aud villages that will be
connected aud accom- modated by this ROAD, are
Teeumseh, Clinton Manchester, Adrian, Hulsdale,
Hudson, Jon esyille, South Bend Coldrater Centre
vile, white Pigeon, Constantine aud Nashville in
Michigan and Lima, Bristol Goshen Ekhart, Msh-
awaka. Iaporte and Michigan City in indiana 1t
appears ty this that the local business Of this road
must be very great and doubt will compare favor
eby With that Of any road that has been b.
structed in any par. of tho country independent OF
the local trade the through business must bs immense
Il only necessary look at the sp TO be convinced
OF the truth Of that statement.
Chicago is at the head Of lake navigation and Is
nected via the illinois and Michigan Canal with st Louis
and all the principal towns the Illinois and Mississippi
rivers and with the trade and travel of thu South and
Southwest. At Chicago the rnai will connect with the
rar, al now In process ct construction from Chicago,
enthusiastically, Ia Galens, the Mississippi River
Ise miles Chicago will also be the terminus of the great
junction Of the Ohio and Mississippi Rivers, north
wArdy through the heart Of Illinois bsecting the State
toChicsgc and by OF which onsoctions will be
formed by railways with sprisg field Alton St Louis
&C. At the EASTERN termin the road will connect not
OILY with the lake navigation at Toledo and Monroe
but at the former place VIII also connect with the fol-
lowing canals and railroads via -
The Wsbssh and Erie Canal, from Toledo 10 rorro
Bsue, indiana $40 miles; the Miami Canal to Cincin-
natl 2cS miles; the Railroad from Toledo along the
south shore OF lake Erie, through Lower saudusby,
ssndusky i.y, Huron Eiyra, Cleveland, gainesville,
AsLt abpla Erie, Dunkrk. TO Buffalo.
The several railroads from the interior Of Ohio,
running 10 and connecting with the Lake Shore Rail.
Road, viz AT sandusky City, the Lake Erie and Mad
Rivsr Railroad go miles 70 Cinciunatti. This road
passes through several large Interior towns-rAin,
Kentop, Jbapa Springfield, Xepia. The Sanlusky
City and Mrnshod Railroad, 40 miles. This road
Is to be extended 10 Newark the Ohio Canal Ia Lick
ing Co and thence TO Portsmouth, the Ohio river.
At EansGeld 1t connects with the Central Railroad,
eastsrly Pittsburgh; and at Newark with the road
to GAINESVILLE and Wheeling, which latter connects
with the Baltimore ard Ohio Railroad The Cieve-
land and Columbus Railroad, extending via Ca
lunlbus and Xenia ard Miami Railroads, to Cincin.
natl ard which will be complete nsxt year, 1850
The Cleveland and Pittsburgh Railroad which lat
ter direct extension Of the Central Road from Phil
sdephia Pittsburgh, aud is actually in process OF
construction. At Erie, with the Erie and Beaver ca
nal, Perpsylyania. At Dunkirk, with the Nes.York
and Erie Railroad. At Bufslo. with the Erie Canal,
and with the lines Of railroads east, to Albany, Bos
ton and New York aud also with the Niagara Falls
Railroad and Lake Ontario.
II will thus be that the sources Of income
immense and that, connected this road is with
many other lines with canals aud with the iaton
Of the great lakes its business will only be limited by
its facilities. The importance OF this road will be bet
understood, when 1t IL known that II Is link in
the great line that the public works and rail-
roads Of the State Of New York with the trade and
travel Of the Mississippi river.
II Is generally great piece OF folly to estimate the
income of any railroad company, from traffic a. we
have seen results vary much from those antici-
paed; but in proposing new line, is customary to
make use Of the best data At command for the purpose
of aiving those interested seine idea however vague
of the probable productvtness Of the road. In 1sl7
It was estimated by Mr. Baldwin, In an elaborate re-
port that the gross Of road from Toledo to
Cb.esgo would be about 81 5000, and the net
ssSoooo II will be by the estimated cost OF the
road-st SEQ ooo-that gross income OF $3.50 oOo (al
lowing 60 per cent for running eIpsuses) would give
net revenue large enough to pay dividend Of per
cent per spnum. A recent report Of the Michigan
Central Railroad Company fixes the cost 81 that rosi
Nets ott IN Ma Rur In mil nj
90 100000 New Buffalo is 90 miles by land from Chi.
csso; and to perfect connection with that city, that
company must either construct these GO miles Of road
ar pay rem, equivalent on not less than 81 ,ooo
eco, which would swell their aggregate capital to
S73ootoo. and their distance 27sis miles, against
50 600 600 capital and 2io miles for the Michigan
Southern Read BY this route, the distance between
Chicago and New York may easily be trayerssi In 80
hours and the long aud tedious pas,ase OF the sse5
EN-. a., emilia