The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-26

this company last ysar amounted to $500 o43 ~ and
the expenses In performing service $la5Sss 10
being nearly forty psr cent Of the earnings The
number Of passengers transported during the year was
a. 066, and tbs thsrsfrom SS7 ss6 so-being
increses in passenger ls49, OF 1902 sad OF
revenue, 50 400 81 The revenue from transportation
for 1850, exceeds that Of ls4s By $S2l64 3d. Among
the items Of transportation are sS4fSo bushels OF
wheat lss SCI bushels OF corn sS 33 pounds OF bacon
and pork in bulk sS,s4s live hogs, and 2so3l,3SI
pounds OF outward msrehaAdtss.
The number Of miles by trains was 196524, at q
cost Of about "a cents per mile Only two accidents
the road resulting In injury to Passengers have
occurred during the year In ono case lady was
killed and the arm OF child broken and in the other
a lady was slightly injured. The indianapolis and
Bsfontains road win be finished to Anderson In May
next, and to Muncietown next fall which will add
largely TO the businsss OF this road.
This road Is under Efficient and successful manage
msnt, and Is annually increasing in importance and
value and the report concludes by saying Whatever
lines may be constructed this must be OF the great
est thorous of the State and in the of
petition must continue to enjoy, even II limited to
the rapidly increasing trade in its vcinsge and
immmediats connections business fully equal to ITS
capacity"
On Thursday, three hundred and fifty thousand dol
lars S35s O00 OF the first mortgage bonds Of the La
iay cite and indianapolis Railroad Company will be
sold at auction, at the Merchants Exchange, Wall
street at l2 O'Clock These bonds secured by the
first and only lien upon the entire road, and all it.
equipments fixtures, &c In addition to the security
afforded by the mortgage twenty three gentlemen OF
great respectabity and known wealth. OF diana have
given their personal liability for the prompt payment
OF the Interest these bonds until the road shall be
completed and fully equipped and in operation
throughout its entire length The high character and
acknowledged sh Iewdness of the gentlemen who have
been appointed trustees of this tgsge sufficient
to give the bonds great prominence in the market and
securities now offered afford mere inducsment
to prudent men to invest 1t Is only necessary 10 say
that J. B. varnum and Edward Whitehouse E.qrs.
of this city and the Hon. A. 8. White ofIndisns are
the trustees TO satisfy every that the interests
Of the bondholders will be faithfully protected.
The Bank of Hanover comes before the public under
very favorable auspices The directors are all prom
peIt business men and have been extre
in the selection Of their officers The President Isssc
Otis Esq, has the confidence of the mercantile com
mupity, among which circle he Is well known and the
Cashier Mr. Charles ~ Livingston (who has for
number of years past been the paying teller of the
Manhattan Bank bears high reputation for integrity
and ability About $3.50 600 has already been subscrib
ed and the books for subscription will be closed the
1st of March The directors will be folio -Isasc
Otls, L. WOODWARD, henry .. Ieroeil r.. Is.
Litchfeld Charles 7. Person John N WyckoG Ed
ward Bridges, A J. Underhill Robert Il. Bsrden Ed
ward Corning, Alfred Edwards, R p. Buck, Joseph @
Allen, Albert Wsedruff and Ezra Wheeler.
The Lafayette and Indianapolis Railroad is
continuation of the Madison and Indians polls road,
and forms a link lin connection with the Ohio Gen.
trail road In the chain of roads connecting the Allan
tic with the lake at Chicago and with the Mississippi a.
st Louis. The Ohio Central Railroad Company Is
thorized by lite charter to build road from Wheeling
the east directly the State of Ohio 20 point
the Indiana State line. road directly vest from
that point strikes indianapolis and via Lafayette
forms the most direct route to Chicago and st. Louis
The Ohio and Mississippi Road extending from cncin
natl to St. Louis viii touch indianapolis, snd cont.
nue. wet en- the route to Lafayette The geographical
position Of Ohio extending from the river TO the lake
and standing between the Atlantic States and tbs
great West gives the railroads OF that State the carry
ing trade Of an immense section Of country inie2sn
dent Of that within its limits 1t lie impossible to
form correct idea of the of the great State.
OF the West. Oar most extravagant calculations hsy.
been so frequently exceeded that prepared for
any result. Internal Improvements OF all kinds In
new States, must advance In productirensss a. the
country progresses and those that pay good diVi
dsnds on their cost must before ths lapse OF may
years, pay enormous dividends on the capita, ex.
pendsd