The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1850-07-20
[From the Wabash Courier.l
To the Directors Of the Terre-Haute
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and Richmond Railroad Conlpanys
GENTLEMEN -Since the last meeting of
the Board, the Union Track. connecting the
different roads terminating at indianapolis, |
has been completed, and our own road finish
ed from the point Of conneXiOn to White riv-
err. so as to enable the Madison Company to
deliver the stone brought up for the bridge,
Immediately on the bank of that stream. The
masonry for the bridge has been let to a good
and responsible contractor. on favorable terms
and the work is progressing very well. The
grading of the balance of the road between
this place and Indianapo was put under
co tract on the 28lh Of June, at an average
of about two and a half per cent. below the
engineers estimate, and tWenty-six and a
half per cent. payable in the stock of the
comp any; so that the grading and masonry
of the whole line, between those points, is
now under contract or completed. Consider
able more than halt of the work is now done.
and the balance is progressing rapidly to-
wards completion. All the heavy work will
he completed the coming fall, and the whole
line will be ready for the superstructure early
next spring. And il the irJn can be obtained
so as TO have it brought up the river early
j next spring, | see nothing to prevent the com
pletion of the road to Indianapolis by the LIST
Of December, 1851.
The entire loss Of the wheat crop last sum
mer has made it very difficult TO obtain fur
ther subscription to our stock. or even to col
lect all that has fallen due on former subscrip-
tions; but as the present crop has never been
surpassed. | trust we shall be more success
tul the present season, ana be cnabled TO meet
all our engagements promptly, and pay oil
the small temporary loan made last season.
| have sold 537. 700 of the Company 5 six per
cent. bonds, payable il five years from the
T.,.,, 81.
we are entirely out of debt and have a bal
ance in the treasury of 1921 81. as will
more fully be seen by the Treasurer's report.
And should the stockholders meet their pay
menls promptly, and our stock subscription be
increased. las we have every reason TO an
ticpate) we shall have no difficulty in meet
ing all our engagements. without resortng to
Il further loan, until the road is ready for the
iron. So soon as the road is finished we shall
have q direct communication with the Ohio
river. at Madison, at all seasons of the year
The Belontalne company are progressing
: rapidly with their road; having already laIC
down several miles of the track with the
T: heavy L rail. They expect to complete thir.
: ty miles this season. When This road is fin
t ished it will give us Il direct connection witt
5 several Of the great eastern roads; which
/ when united, from the great central road t.
5 the Mississippi by the way of indianapolis
t and Terre Haute
1 The citizens Of Illinois, seeing the progress.
we are making, begin to feel u deep interes
= in the extension Of the road west to the Miss
r issippi. A large amount of stock has beer
f subscribed, and a company will be fully or
o ganzed under the general law of the State
the last of this month, with the intention O
: making a road from the State line OPPOSITE
this place to st. Louis. Another compan,
has a stock subscription of upwards of $40,
y 600, intending to make a road from this poin
: to Alton, and expect TO locate it in shor
y time. | understand the citizens of Spring
: field have it in contemplation TO organize
: company for the purpose of extending thei
: western road to this place, so as to form di
2 rect line from Quincy, by Springfield, AM
e connecting here with the great central or At
antic and Mississippi road.
When we look at the grand project of uni
ting the east with the great and growing ives
by this central road TO the Mississippi, an
! see the incalc1able benefit it must be to tn
= whole country, and the profitable investmen
il must prove to the stockholders, we ough
= to redouhle our exertions 10 complete this par
= of the line as soon as possible. so that we ma
! be able to step forward and aid our friends i
= the early extension of the lines connecting
= with US.
. C. ROSE. President.