New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-05
TNHE GALENA and CHICAGO

UNION RAILROAD.-The Galena and Chicago Rail-
nos runs Freepor in Stephenson County distance Of
40 mes al which point IL connects with the GalsDa
Branch Of the Illinois Central Railroad being construct
ed TO GaenA and Dubuque In the State OF Iowa on the
Mississippi River
At point thirty mile. west OF Chicago It connects with
the Aurora Branch Railroad In operation thirteen mles
and which about being extended by that Company the
Illinois Central Railroad at point sixteen miles aorh Of
the Illinois River. At Chicago s eastern terminus II will
form connections with the Michigan Central and the ach
gan Southern Railroads constituting part Of the main chain
OF Railroad line from the Atlantic cities to the Mississippi
The Road is now completed and in operation eighty our
miles eight miles from the town OF Rockford on the Roch
River which place the work IL In active progress and
will be completed and put In opeI on by the ii day OF Au-
gust next the iron for this section OF the Road being now on
hand The remaining portion OF the work will be put under
contract BY the Goth May next and probably be eompetedbJ
The Illinois Central Railroad Company such
state progress to have the connecting link from Freepou
to the Mississippi completed early in the fall Of 1883
The grades upon the road the ruling grade west
being % feet In the mile and 10 feet in ths mile The
entire cost and equipment OF the road will be about
amount ne Of an .Soa Pa. been bSS.d but
yet called In There bonds outstanding follows
GA 900 rst division bonds due LIST June 1882 $ 900 depot
bonds and SIN 900 second division bonds The road was
opened to Elgn the Fox River distance Of Il miles. in
Its present point Of terminus the the 10Th day s March last
time earnings Of the road for the eleven months from May
Of 59to April l. 1852 $l92 2s expenses for the
The S78S9-runung during that time average distance
1851 miles, The earnings for the corresponding eleven
months in 1850 81 were Sl6OS2 on distance run Of a
The soss earnings for the month OF March last were
t2l7.OO
The Company, by resolution Of lth December 1851 au-
thozed issue Of SEQ 1 nj bonds for the construction Of
the third division Of said Road from Rockfor TO Freepo
These bonds bear interest az cent and payable in
ten years from date Of issue and for the payment Of pnci
pal and interest the property and revenues Of the Company
pledged The interest and principal Of these bonds are
payable the city Of NewYOrk snd the interest s annu-
ally BY coupons attached the Isl Of February and August
In each year This issue is the final issue Of the Company
for the construction Of said Railroad.
A Of the have been
amount offered for sale which may be obtained
application 20 Messrs Duncan. Sherman Co. bankers in
city of NewYork whose banking house the semi
annual interest the bonds will hereafter be paid.
The ample OF the country through which this
hne passes osustan Railroad have been fully demonstrated
by the Of the Road thus far and when i. shall be
connected with the Mississippi River forming line Of
communication from Lake Michigan with the country the
upper Mississippi and bringing II through the heart Of the
lead region II be confidently eEmated TO draw traffic,
proportional TO its cost second to road In this country
The present Of the Road and the certain
from the extension Of the Road and growth Of the country
tributary to il renders the bonds offered security ofa
most undoubtsble character-New York, April "a 1854
JOHN b. TURNER, President