New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-25

.,.. n Oh. adeouate value Of the mof
gagged lands 10 the full discharge anu sa~Si"0'
he mor.gsged debt. ns his
$500 "a the surveys OF Mr.. Mason ana his
co,os of Engineers, Mr. sshuy Ter says .io
~ Neon has passed over the routes OF me ht'n
Road and branches no, cniy 10, nc ~ me conn
~ bat also OF accertsiDiDg the general en- 49, an
the Lands to be received from the bnlten d. %
,be several routes which may De sele -
cy+s most favoraoly Of the fertility and
ysIue Of the regions in which he proposes 70 f
The Road and particularly notices vac ou',,acei
nronortlon which nigh, be consde'eu a. eii :. T.,
within he class cenoIiiHe'eN IA " -
ferior Lanes. ... -.
IN. annexed remarks show that the influence OF
This enterprise is already beng felt
The demand FOR the purchase OF the Goverhmch.
,ands within the influence Of our Road, has become
exceedingly great. and preemption entries Tor 'ie
sections moi passing under the grant o Congress-
have been made 10 a vast amount AMI even seVslat
entries for the same land are not uncommon AhAe
demand will exist for all the lands belonging 10 our
Comnany as soon as they are placed on sale prom
ising no. only an early conversion otthose iaIa, u.
money and AN immediate demand for the Co1s '.I,
ton Bonds but also the actual ns tyhich on-
Road is located, by the time OF us conPie0n anu
operation. ..u.~
The result Of the surveys is given IN the following
condensed remarks
The hines which have been surveyed by the I'm
gneer Corps have been numerous ana me cou nn.
has been thoroughly explored. Mr.. Mason coz.
denses these surveys into the following Statement
of the characteristics OF the road and branches
The entire length OF the road ana brancnss - os'
miles OF which will be straight line $40 ~ mics
~ yadii from 500 TO 1900 feet $40 miles, Oh Iadh
from coo 10 1900 feet, 10 % miles OF rad IRON
3OOO to 1900 feet, 2426 miles OF rai Iron 1o,V 20
eco feet IS Sc miles Of radii over oOOO iee. fuo
miles Total 69e miles. Showing about ~ p cent
of curved lines and those mostly Of large ram.
The general appearance of the country Is fou9i 70
be some what deceptive as 10 the inequalities OF the
surface and the great depth OF the peas OF the
streams and MYERS and OF the meadows adjoining
below the level Of the prairies, required the MO
dnctioD of occasional grades OF the ordinary eleva-
tom Of the railroads OF this section of the country
though more than one-third of the whole ROAD Tor
all general purposes is practically level 81,
The gradients are follows Lever. 23o2s mlies
ascent less than 10 feet y mile, 1880 miles ascent
from 10 to 30 feet y mile, u.s. 10 miles a'cen, rom
90 to 80 feet y mile, 500 miles ascent from 80 70
90 feet p mile 1872 As miles ascent OF AZ lees Iniie,
$50 miles Total, COG miles.
The AZ feet grade occurs in ascending the Fever
River from Galena East TO Scales Mound, and may
probably be reduced to the maximum grade ON o''ei
parts of the line (40 feet wthou. heavy expense.
Mr.. Mason has submitted the following estimate
of the cost of the work, after the fullest personal
examinations of the country and the line of the road,
which he submits with the fullest confidence that
il will be found ample to meet every expense in the
construction and equipment of first-claSs road
This estimate includes the cost Of the following
items:
81 42s 523 cubic yards embankment 369,95i cubic
yards rock excavation 900 200 cubic yards masonry
l022S feet bridging, &C., &c; 13o miles supers1uc
ture rails &c. 40 passenger stations and houses.
40 Freight Stations and Houses 70 Locomotives ana
Tenders; 20 Passenger Cars 20 Baggage do. Ioo
Box Freight do. GOO Platform do 200 Cattle do ;
and also Right Of Way, land and damages, fencing
and engineering, Engine houses, Machine Shops,
Woodsheds, Water Tanks, Tools and Machinery for
shops, and Furniture for Station houses, DC. &c
4 u. (..~ Eve
hundred and thirty seven thousand two hundred and
twelve dollars
Mr.. Mason's Report establishes the length Of the
Road and Branches at six hundred and nnety-nine
miles, by which the whole number OF acres to be
granted to the Company will amount totwo millions
SIX hundred and eighty four thousand, hundred
and sixty acres
This estimate OF the cost OF the Road and Branch
es now submitted ustifyng the conclusion that the
total amount of the Construction Bonds which IL will
be necessary 10 for the purposes TO which they
were appropriated by the Report of April last, will
not exceed seventeen millions Of dollars the Execu
tive Committee have advised the Directors to exc
cute Mortgage on two millions Of acres Of the
Public Lands granted 10 the company 10 secure ten
thousand Bonds OF one thousand dollars EACH and
fourteen thousand bonds Of five hundred dollars each,
making the sum of seventeen millions of dollars
Bonds as well by the considerations before stated
lower minimum valuations Of the several classes Or
the mortgaged lands are justified and have been ar
ranged as follows:
|. First class consisting OF lands of SPECIAL
VALUE. from peculiarly of location. as
near Town or Village sites Coal fields,
Qnarries OF Stone, Minerals. &C, &c
$4,000 Acres minimum valuation 500
per acre, 81 OOo, 900
2. Second class of lands of SUPERIOR AeRr-
CULTURAR QUALITIES and LOCATION.
$4,000 Acres minimum valuation $l5
per ...----. $4,000
Sd. Third class of lands of high AeRlcuL-
rURAL QUALITIES, almost universal IN
the State of Illinois. 100000 Acres,
minimum valuation S. der 10, 100000
4. Fourth class OF lands of the LOWEST
RIcULTuRAL QUALITIES, within fifteen
miles OF the Road or Branches, but all
capable Of cultivation. 100000 acres,
minimum valuation s. per acre. 500 GOO
Forming an aggregate minimum yalua
ton of 100000 acres $1,000
The plan for securing the payment of the Construc.
ton Bonds remains, in other respects substantially
without alteration.
in relation 10 the estimates OF Mr. Neal, the Vice
President of the Road, which was published some
time since, Mr. Schuyler remarks From all quar-
tiers, are the views and estimates OF Mr. Neal fully
confirmed, and would be in VAIN to attempt to pre-
pare statements upon this branch of your affairs bet
ter suited 10 give reliance upon the income OF the
Road when finished, than those now submitted Mr.
Meals estimates result In a net income 10 the Com
papy, after payment 10 the State of an interest OF
per cent per annum on between twenty.eieht and
twenty nine Millions of Dollars
Mr.. Mason has also prepared very careful est-
mates of the probable income of the Road, which
are given IN Nh Schuyler's letter as follows They
arrive at very nearly the same resul, as MI Neal
From sTS, SSS tuns Produce, carried 100
from oar ACKNOWLEDGEMENTS. 100000
FROM LUMBER OBSERVATION-DISCLOSURES 10000
From 1890 tuns through Freight al Sl2
, per tun. Observation-Disclosures. I50.eiO
from o. ooo tuns local Freight at IS pertun $4,000
from 81 500 through Passengers, at So. $4,000
From 1880 through Passengers, Gaiena
Branch, at ACKNOWLEDGEMENTS. lS6 500
from local faSsenges-- 400. 500