New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-26


Or nearly n per cent upon cost.
There is no allowance made for the natural in
crease Of business which always follows the
establishment of better facilities of travel and
Transportation. From what we can learn there
will be large attendance at the sale of these
bonds.
Next to the faithful and economical building
and management of Railroad, the amount Of bu-
siness is the most important feature of these en-
terprises. In relation to the traffic of the La
Fayette and Indianapolis Road the Directory gives
the annexed summary:
Some idea of the position this road is to hold in
the general system of the country may be gained
from its presentation at the commencement OF
these remarks. No less than five roads, built or
building into Indianapolis, from the south and
east will seek a north western outlet over the
La Fayette and Indianapolis road. And all the
roads from the west aiming for the Upper w abash
River, from Springfield, Illinois, to South Bend,
Indiana, make focus at Lafayette. Inc
Northern Indiana Railroad Company which has
affiliated with the Southern Michigan" has Sc
cured the right to build to La Fayette from South
Bend or Michigan city, aud propose TO exert 1t az
an early day-the " Central Michigan Protferlng
TO do the same thing. And this line from the
Southern Michigan Falls, at Lafayette almost IN
to continuity with the Northern Cross Rail
road of Illinois now in the hands Of the Morgan
and Sangamou Railroad Company OF which the
president resides in New York, and on which, by
their contract with Illinois, they are required
during the present and each succeeding year to
expend at least $4,000 east of Sprlngheld-the
State having already in part graded the line
One hundred and twenty-five miles OF direct
extension of the L. and |. Railroad over an I'm
broken surface of rich and dry prairie brings US TO
Juliet or Lockp port on the Illinois Central, aud
in very direct transit to Chicago. An empire, 50
to speak, is growing up northwest oil La ayette'
composed OF a trading and travelling people, VINO,
in their journeys east being forced 70 the head oil
Lake Michigan, will not all thence take the L axe
Shore route, but either going or returning VIII
choose to pass along the central lines and through
our western capitals, which, In addition 20 tue
strong attraction of Cincinnati, will bring thoa-
sands upon our road
The best and surest anchorage of road, how
ever, is its local business. Ia this respect no
road in Indiana is more favoraby situated tnsn
the one here presented. Ii is enough TO state tnaI
In every foot Of its progress 1t traverses the very
best part OF Indiana. now yielding large sur
Plus-thst its northern extremity rests at tue
head OF steamboat navigation, on the l.
bash river and at the best market town on
the Wabash and Erie Canal; and It's south
ern terminus, at Indianapolis, is WITHIN con
venient reach of Cincinnati, Louisville and the
Ohio markets. In the report for 1880 Just pub
lished, Of the Little Miami Railroad, the Pres
dent sets down the way-business At S2o9,OOO
against $4,000 of through business On tins
road the proportion of transportation to travel is
about equal; on the Madison road It Is as two TO
one.
The Stockholders of the Union Bank at
Swanton, Vt on the 22d inst, made choice Of the
following Board Of Directors H. P. Hitchcock,
George Greene, NJ. NJ. Reynolds, Homer E.
Royce, Joseph B. Lake. Geo. W. Sandborn, John
Barrey, and the Directors chose George Greene
for President
The past week has been almost the dull
est of the last six weeks in Dry Goods. Transsc.
tons are FOR the most part suspended a. between
the early and the later trade of the season. The
former has ceased. The Southern and the West
ern and South Western as well ss the City deal
ers made their early purchases with great caution
and limitation. in presence of high prices and with
fear Of further enhancing them by any extrava-
gance OF demand, and from afeelng Of uncertainty
as to the course of trade They have satisfied
their more immediate wants and the trade now
awaits with some impatience and anxiety, az well
as with quasi feeling of disappointment at the re-
salts thus far Of the business Of the season-the