Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-07-18

organ. We are for our country, and we hope tha 4
the present acting President of the United States
may rise above all sectional feelings and be The Pres
dent of the whole people. We envy not the rePu-
taon that mny be gained by the Journal, in its ap-
peas the sectional feelings and predjudces of our
countrymen, with the hope of party advantage.
New Albany and Lafayette Railroad.
llr. Brooks, The President of the New Albany and
Salem Railroad Company has made his third annual
report 10 the stockholders, dated the LIST inst, which
has just been published. The New Albany and Sa-
lem road the beginning Of one of the most impor-
tan arteries of communication in the State, leading
from tho foot of the falls of the Ohio river, via La
|fayettc. to Lake Michigan.
We would take much pleasure in transferring the
whole report to our columns but it is impossible to
'do So in justice other important topics of public
Interest.
The report says:
At an early day after the organization of the company
amendment got the charter which allowed the
extend the work any point points in the State
might choose. The board then decided upon making
1.-The road through Salem Bedford Bloomington, &c., TO CTaw
,fudsve road being constructed from that
point to Lafayette with branch fIom Gospo the west
,ok White river indianapolis. And the work has been
steadily progressing in that direction ever SINCE
Tue year going Oh
which may result in the speedy construction Of the road
Through Michigan City, Lake Michigan where would
with the Michigan Genital Railroad. and wi the
oad which in contemplation TO make around the southern
end Of Lake Michigan to Chicago.
Thus giving through these channels an eastern and
western outlet enabling passengers aud freight TO leave
New Albany and New York and Boston, the Upper
Mississippi time This channel than any oher
What the result of these negotiations may be not
able say but feel eoufdent that within short time
shall be able to out original design OF connect
ling this point with Lafayette and indianapolis.
will be Iecoecte that the first after the orgsni-
zaion Of the company consumed in procuring amount
u stock would enable the company make the road
ito Salem.
AT the expiration Of the year had stock subscIp
tun of S2l0 00O with contract for The
of the road Salem in which the contractors
take $4,000 the stock Of the company making
, all s2700O0 We had then LET The work. and the cOn-
tractoIs commencing road The intention
.o the extend the road the necessary
amount OF subscription could be obsined was then an-
bounced TO the stockholders.
led that while the woIk had been progressing on the road
subscriptions had been going for The extension and
that since the preceding annual report some S2oo had
been aided sIock subscriptions for the extension Of
the road om Salem through Orleans and Bedford to Bloom
ngn from the people along the line of
further increase Of stock 20 enable 10 put the woik
iander contract 10 Gosport.
AT that time entire subscription amounted to
about $500 0OO and arrangements being made TO put
The work under contract TO the East Fork Of White river
four of Bedford, 80 miles beyond Salem.
The of the last year have been quite
cesSu the two preceding years Inc Woik named ABOVE
from Salem 10 White river was then being locaed-the hs'
letting o the 10th of July last. At that time
about six miles of il let, the remaining "a miles was
let In small contracts private lettings the work To-
catedthe last of il being let until the latter part OF
August that time large proportion Of the grading
and bridging has been done and will nearly if not all be
completed the East Fork of White river 90 mile from
New Albany, in the next two months.
We also in the last been as successful in in
creang stock subscriptions either OF The preceding
Our stock now amount. to S76OO0O showing an
Of s24O 900 since report Making average in
since the first opening OF the boVks OF over S2lO
per month.
AS soon subscription large enough justify il
we let the entire line 10 Gospo lilo miles from this place
contract entered into in December last with Messs
Dooe Cbambellin for the g'sdIng and bridging Of al
part Of The road from the East Fork OF White liver
Gospo 30 miles, including The bridging OF both branches
of White liver This of the work Includes all
heaviest part road Lafayette aud Indianapolis.
The contract requires these gentlemen To complete hs
grading bridging the road Bedford by the FIRST day
January next Bloomington by the rst day Of October
1851, and 10 Gosport by The FIST day OF July lSo2
3 F,om the above statements it will be perceived that W.
have all ll5 miles Of road under contract which wi
take TO Gospo Owen county on the west fork OF White
river That the grading and Bridging of 90 miles OF the i
is nearly completed and win probably be done by the lst
Ocober That the FIRST 81 miles finished opera
and ro on the ground for % miles moe making all Al
miles which will be finished the month Of November
The entire of the expenditures up to the presen
time on grading. bridging taek-layIng. buildings cais
locomotives &c. is $36S000 about $4,000 Of which ha
been paid six per bonds Of the company
Up pesent time The financial condition Of the
papy has been good and its credit unimpaIred. All claim
against hav. uniformly been promptly met.
p Bouks will be opened this fall for extending the wo
through from GOspot TO Crawfordsve to Connect with III
road flom that paint 10 Lafayette. Al'o from Gosport
< Indians polls via Moofesviile.
The people along lines have for time bse
enable them TO take up the stock TO secure h
Of road these points and the ineu
had books opened along line
I this spring.
/, The RushriHe Republican says: Our rail road !
completed to Manila, and The Locomotive and tai
/ of the Shelbyvlle and Edinburgh road have been u
that far twice. We understand the engineer of ti
train pronounced it Of The best roads Of the kin
a.. h.d ever PASSED over The suuerstruc cture is a