New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-21
which the whole property Of the COmpsny wiIl

which the whole property of the Company will
be pledged =
The Road is situated between the parallels of
39I and Az deg. north lititude. IL connects the
City of CINCINNATI and the trade of the ONO
River by means Of the Little Miami Railroad and
other Roads now constructing. with the Great
Lakes, and the States Of Michigan Illinois and
Wisconsin. 1t is not easy TO set bounds % tue
traffic that must exist between these important
points nor is it possible 10 estimate the increase
Of population and internal commerce in the STATE
Of Ohio through the center OF which this h9ad
passes. If all other sources OF emoiument iall'
these now furnish competent, and will soon sup
DIV abundant means OF support and profit.
The Mad River and Erie Lake Railroad was
chartered in 1872 1t is now completed, extending
from Springfield through the towns of Urbana,
West Liberty, Bellefontaine, Huntsville, Rich
land, Bellecentre, kentOn, Paterson, Carey, Ore
gop. Tifip, Republic, Lodi, and Bellevue to San
dusky City, distance of 1874 miles. IL has a
branch to Findlay, also completed, of Isl miles
and an extension to Dayton, to be completed this
year of 23} miles. Making the total length OF
track of 1871 miles.
By means of the Little Miami Railroad, with
which it connects at Springfield, regular daily
trains pass between Sandusky City on Lake Erie,
and Cincinnati, on the Ohio Another Railroad IS
now under construction from Cincinnati TO Day
ton, striking the Great Miami Valley, near Ham
ilton by which another route through very pop
ulous and highly cultivated region will be opened
between the same points A regular daily inter
course by large steamers between 5andusky City
and Buffalo, completes the connection between
Albany and the Ohio River, and all the Western
waters. Another line Of steamers furnishes COM
munication every day with Detroit, and by means
of the Michigan Central Railroad, with Illinois,
Wisconsin and the headwaters of the Mississippi.
The Mad River and Lake Erie Railroad is con-
structed with longitudinal bearings, having on It
a heavy tram rail. The Dayton Extension is laid
with rails Of 90 lbs with which it will probably
be found necessary from the amount of traffic, be-
fore great while, TO relay the main line. The
Equipment of the Road consists Of % LocOmo-
tves. 70 Passenger, 7s double Freight, 292 single
Freight, Ga Platform, and 90 Gravel Cars
The authorized capital is S4,OOO0OO. There has
been created A. 0l0 shares, equal to 50 1850, 500
but of these, 10000. amounting at par $50 to
$500, 900, are placed in the hands of Trustees as
collateral security for Bonds issued, leaving 5000
shares amounting TO 81, s5O,50O, OF which 300 are
unsettled, and for which no certificates have been
issued. The actual number OF shares, therefore,
entitled to dividends, is 40.
The cost of the Main Line is shown to have
been, including Stations and Land Damages, slO,-
500, or with the Equipment, Sl2,560 per mile
The Findlay Branch is paid for, but to complete
the Dayton Extension will require about 5000 900.
The whole cost of the Road Findlay Branch
and Dayton Extension, will not be less than
$275OOOO
To Law an entire new track Of I rail, would
cost, after deducting the old iron. about s55OOOO
bringing the cost to S3,3OO,O00, for 1874 miles OF
Road, or $4,000 per mile.
The annexed statement shows the exportsfrom
this port for the week ending January ls'