Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-03-07

TERRE HAUTE AND RICHMOND RAILROAD COM
PANY.-We have before us the first annual report of
this company. We extract the following, not hav-
ing room for the entire report. On the 10Th day of
December, 1913. the clearing, grubbing and grading
of 81 miles of the road that part of the line be-
tween Terre Haute and GreencOste, and the build
ing of stone pier and abutments for bridge across
the Walnut fork Of Eel River let to contractors
at about per cent below the Engineers estimate,
and about SO per cent. of the work payeble in the
stock of the company. Most of the work, excepting
two light sections, has rapidly progressed. The bal
of the road TO this city has been permanently
located and was let to contractors last December,
was then noticed in this paper, about q per cent.
below the Engineers estimate, and 3 per cent pay
able in the stock of the company. There now re-
mains a little over 20 miles, including the two
tions forfeited, be put under contract, the Engi-
neers estimate for clearing, grubbing, and grading
of which, amounts TO little upwards Of ffty-three
thousand dollars, and we have every confidence to
believe that our stock subscription will be increased,
in a few months, as to justify our putting that
part of the line and the building of the stone pier
and abutmenls for bridge across White River, un-
der contract the coming spring, to enable us to
complete the grading of the whole line from Terre
Haue Indianapolis, ready for the superstructure
in one year from this time, and thereby secure the
completion of the road between these two points by
tho first of December, 1851"
Sites for depots at Terre Haute and indianapolis
have been secured, without any expense to the com.
pauy Also five acres of land for machine shops at
Indiana polls, for thousand dollars, payable in
two years with interest, and five acres Tere Haute
without charge.
"The cost of grading and bridging the road from
Terre Haute to Indianapolis. ready for the super
structure, according the Engineers estimate, will
amount 3l7, l6S dollars. To meet which we have
subscription TO stock, including The amount payable
their contracts, of 232 600 dollars
to which add 30 pei cent the balance of the grad
ing and bridging, under contract. payable in stock,
amounting to "a, l56 dollars; and the commissioners
of Vigo county will subscribe 50, 900 dollars, paya-
BILE in the bonds of the county, at any time when
called upon by the company to do so-making in all
the sum of 3l675 dollars which amount will about
the expenses of preparing the road for the
perstrucure.''
The receipts Of the company to the present time
amount to lO3 1886 69-10O dollars, and the expendi-
lures to l02,91l 12-l00 dollars. leaving balance
in the treasury of 473 93- 100 dollars.
The directors think that with exertion the part
of all interested, with liberal subscription to the
stock, the road can be completed between Terre
Haute and Indianapolis by December, 1851, and con-
cudes thus:
If we look at this road part of the main trunk
which i, ultimately 20 connect the East and West,
and view its connection at Indianapolis with the
Madison, Lawrenceburgb Cincinnati, Bellefontsine,
aud Peru roads, and at Terre Haute with the Wabash
and Erie canal, and the Evansville ST. Louis, Alton.
and Quincy roads-also the immense local business
from the rich. agricultural country, and inexhaustibe
beds of coal through which it passes we must all be
convinced that there is other road in the country
that will pay better dividend its cost. As an
Investment of capital, we know Of none more safe,
and certainly Of none which promises to pay so well
! for all time to come. ,rs slr -, t...
The Goshen Democrat concludes notice Of GER
tain delinquent subscribers follows:
"We warn the public not TO harbor trust them