New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-12

ROADS in the =" EFT, and 10 On rooss
r,licb mast eventually be the great avenue OF
...,-,l batwaan tbe East and West. We have
h.,etoore. from the deep interest we take in the
,nbisct Of internal improvement kept the readera
~ The Tyt5,sne advised OF the progress and basi
nk..of this important lick in the chain Of roads
5etwesn Nev.Yofk and the Mississippi 1t ID al
imno,t.pt road for The City Of NewYotk, asst will
With ire Chicago and GaIene Road, furnish rapid
end direct communication between the Mississippi
River and New YORK, attracting travel from the
Southern route by the Ohio River, which srayal
has ,tsndercy to go to Philadelphia aud B Att
more. With the strong competition betTeen the
three oisies for the trade of the West, we should
nse every exertion to secure the necessary facil.
tiles for retaining THAI portion TO which 0ew.lork
IL entitled. The security offered for these Bonds
is upquestionabe, and the ability Of the Company
to pay the inssrest punctosIy is established be
yond a pe.adventure "a the 'tatemens Of tho Con-
papy shows that the portion OF the Road already
In operation yields an iscome ample to protect thu
entire debt proposed 70 be created and this income
is daily increasing. Tte income in August 1870
wss s16,4l7; Sept. 1850, s20,4sO making s3ds70.
These receipts were derived it must DO rsmem
bered, from the Road in its untoi'hed Condition.
with N ain line OF less than 70 miles il laag5, to
which 50 miles will be added within three months
Notwithstanding she Cholera ard he fsila:e OF me
crops last yer, the recsipt7 Of The Road iof ine
year ending 3lst July, 1850, vers 100000. When
opened 70 st Jossphs River !: s estimated that
she receipts ~ be between 100000 "a 5 100000
Tbs mortgage under which the Bonds will be
'ssued has heeu xscated 10 Shepherd Knapp,
ESQ Of this CRY.
Thia mortgage covers tae entrc length OF lima Of
he Company Rosd Ia Aicnigso. wbetnsr already
tuilt or baresf,cr to be CONSTRUCTED sud it provides
that bonds to al amount nos exc. ediog 10000
in a may be issued of which amount NJ. more
shgn $500 coo can be issued until sfcer tins road
SHAH have been completed to Ssurges Prairie, Ia
distance uf III miles from LAKE Ers TIE prop
erty .hUs embraced gS aecQrlty CoaasEi VI thaT0ad
from Morroe to illsGse, o. mlles Ia iepg.d ana
branch often miles 10 Qacumssh, @hioh were quilt
by the State OF Michigan rs en- outsy, Including
buildings, locomotives, cara aud equipment Of
about 81 100000. From Risd4e ssstztly to
Sturese'a Ptsife, t disteHce OF a miles, ths noY
road is 10 he opened for use the pres3ng fall On
the tir.s division Of this work from dillsda0 TO
Codwater distance OF p miles, the road 10 ready
to teceiqe the iron, hail of winch 10 already laid
doTn sud she cars arc nov running uppult The
WORK upon lie dlvison from Cola 7Etsi 10 Sur.
GEES Z tirle ia So lar advanced that IL Eil be
ready for TIC iron tie laying CT tbs tcaGk
70 Cod water can be completed The iron so
pounds to the yard has Gil been pr0ydad. and 4
qualtiGy suiCient = complete the r9at nearly 20
StutEes's hEs been already landed n Michigan,
and the rema,n d-F vii DE tOero IN ample scxson.
Tie main inc 81 ,h0 Company road viii th5n be
over II mics ia length, IL ndtitioa 10 The ieoum'
sch BrRrch D 10 miles.
Nc utter mortgage or hen Of aay Aind ezlsss
az SINS, lte new road extending @esferiy from
HuIedale Il 81 the mortgage executed "a security
fer thepe BONDS no IL therc any affecting tho old
portion of he road except that the Stat Of Mjch
gan Il IS lien upon it 70 tie extent OF the portion
of purchase money stlli owing 20 tue State Fhls
amount ia S275 600, bus sill be reduced 10 Decem-
Der next to S250000. An amountia wing to the
gompauy from the Stockholders upon assessments
made and TO be made upon the ezising a,och,
more han sufficient to meet the debt Of the State
The security offered for the bonds ia therefore
mortgage lien and substantially the only lien upon
aro&d which when complete to tbs state llle OF
lgdisna, will have nearly lao mites OF N 1ln nee,
besides branch OF 10 miles and which VIII nave
cost Including the original outlay by the State and
the RELAXING The present track, about S25O0,0U0.
About | IL niles of the main llns OF thl5 road, OK
tending to Sturgass Prairie ,makiug, With the
branch, 1877 miiea OF completed r3tdl Fl! b Il
ished sud in operation as above stated previous 20
the first oRy OF January nex', ut total G0ss o.
petr s. Ot0.OG0. BY tie terms OF t1s mortgage,
1ot more than 100000 OF bosda can De issuea or
couuee1rieued lh9 Truatce, uElu alter Tue road
shall have re sched 6turgess Prairie
20 SEC y Eto cerisialy OF tGis Roo 0aeo-li16
vefy utbe p5opotS "a give he aii3Hn5 stAle-
meut Of Tie Ire IA 7gh!ch IT ID an important hnk;
TIE New-York and Erie Railroad will 0e com
Uf5ted to DunkuE, on Lake Ere, i'll Nay neX.;
and from Buffalo to thas Pcias 4nd lheuce TO Jiage.
lard, in Tho State OF Ohio, the eatiraOe ,ftsifoad
is proererAng by different companies, and undsr
various charters, and IL all undor contract 20 ne
complettd during the year 1851. AZ Cleveland
commeucss Tic Cleveland and Columbus Rsilrozd,
which i now III operation for coniidera9la d g
tRnce, extending Teaterly lgom Clevai@1d, g5sfy
parallel with the Lake shors, about 81 miles. FTo
diilereHt companies ara organized, aEa hayiu5 aa
cured The requisite mesns arc prep7rl1g ilr Sle
imnedias Cousuucfou q the remaining Ink, tfon
gte Cl6yelaud aid Columbus Road 10 iOledo, the
ore 40 Interior route by the way OF ellington AID
NorW4lk and the other nester she Lake ohofe,
and by The way Of GsndQ5ky City. The speedy
cor uletion OF the entire line from NeW-Gork TO
ToleCo iu thur douby secured sroH Fosto TO
Adrian Ia distance VI 80 mics she Efle and h2t.
kmszoo Road il bull:, and is operated by th3 Mich
igan Southern Road under permanentleasc Az
Adrian the continuous line from New-YorS Will
ccpnect 9Th the Michigan Southern R0&d, irhch
liz row in operation to Joneavle, and sill s0oge
stated be completed aud opened for use to S.urgess
Prairie the present Fall. BY the Spring OF l52l,
il will have baen extended 10 the 81. Jo93Qha
River, aud the State line Of Indiana There il
will connect wrh &c Northern Indiana RIA load,
extending to Michigan Cizy, most Of t6s means 20
inapTe tho construction of which afe already ae-
cured West of Michigan City 70 the 3iata lIno
OF Illinois the c Instruction Of the Road rag been
commenced under Sn exciting chsri5r, AID Is
under contract TO be completed -'ithia year
from tie present tune and tho ooiy remaining
link Of IA miles from the cast i0s Of Illinois 70
Chicago viii BE- constructed by Company organ
lied under the General Railroad Lay OF shEt State.
From Chieaso, westerly, the t3aieoe sud Chicago
Union Railroad is built and IN successful operation
Tor ~ miles, and is TO be Immediately ext nded
"a miles further, the iron being provided therefor
ready and willdoahtess be carr ell ilfg trd
10 Gtlena- Here ia contiuuoas Oh Sin OF railroads
Reaching from tie At au,io tbs Mississippi, dis
saacs oIneaIy 200 miles the garoas -iakav Of Yiah