The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-14

q nns, ssrn not less than three hundrsA SUus hun
cred thousand dollars
The Nsw York and Erie Railroad wili be completed
70 Dsnkrk, on Lake Erie In May next; end from Buff
fAlo to that point and thence 10 Cleveland, In the
State OF Ohio the entire line Of Railroad 10 progressing
BY different eompanie, and under various charters,
and all under sontrset TO be completed during The
year 1851. At Cleveland commences ths Oisvssnd
and Columbus Rsilroa which now In operation for
. considerable distance, extending westerly from
cleveland nearly parallel with the lake shore, about
~ nilss Two different companies are organised, and
having secured the requisite preparing for
the imms dists construction Of the remaining link,
from the Cleveland and Columbus Road TO Toledo the
an interior route by the way Of Wellington and
Horvalk and the other tho lake Shore and by
the way Of sandusky City The speedy completion Of
the ntre line from New ork TO Toledo Is thus doubly
secured From Toledo to Adrian, 10 distance Of 80
milss), the Erie and Kalamazoo Road 10 built, and 10
operated by the Michigan Southern Road under per-
mansnt lease At Adrian the continuous line from
New York will connect with the Michigan Southern
Road, which is in operation to Jonesville, and
viii, above stated, be completed and opened or
TO sturges Prairie the present fall BY the spring Of
1851 it will have been extended to the st. Jossph's
river and the State line of Indiana There II will
meet the northern Indiana Railroad, extending to
Michigan City, most Of the to the csn.
struston Of which are already secured. West OF
Michigan City, to the State line Of Illinois, the con-
struetion of the road has been commenced under
existing charter and under contract to Be
within year from the present tims and the only re-
naming link Of IA miles from the east line of Illinois to
Chicago, viii be constructed by company organised
under the General Railroad Law of that State. From
chicago, westerly, the Gsiens and Chicago Union Rail-
road 10 built and in successful operation for AZ miles
and 10 to be Immediately extended fifty -four miles
further Here continuous chain Of railroad reach
ing the Atlantic TO the Mississippi distance Of
nearly twelve hundred miles, the various links OF
which are so advanced rs to render IL almost
tain that the entire line viii be completed within the
next two or three years.
II will be by the above statement Of facts, that
the security offered by ths company ample, equal
to that offered by any other ralrosd eompony in the
country Railroads fsvorsbly located in the Western
section OF the Union have wider margin for improve
mept than those Of the East, In districts having .
denfe population. Every Western or Southern rail-
road that is at all productive, must, the
Try through which they pass becomes more thickly
populated spd Its resources become more fully de-
veoped be the most profitable works Of the kind In
the world In this 81 ate and at the East competition
will without doubt en- few years reduce the earnings
Of each road and cut down their net incomes very
materially 1t IL. therefore, our opinion that the
mrtgsge bondA ef railroads located in the most thriv
ing sections Of the West the best securities the
market Capitalists have within the past six months,
been rapidly absorbing them for permanent invest
mers and there is not, at this market railroad
bond snost, where there we're dozen twelve months
since