New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-19
u1BE GALENA and CHICAGO

UNION RAILROAD.-Ths Galens and Chicago Rail
coad commencing the City Of Chicago IN the State Of I'D
aois runs to Freeport Stephenson County, distance o.
IN miles, at which point connects with tn7 Haen'
Cd Gaeua and Dubuque, Ia the state OF Iowa 90 t'
Ar 5ont tbrtv ss. ives, OF Chloaso 1, connects win
the Aurora Branch Railroad % operation thir mA
and which about being extended BY that Company o. ts
Illinois Central Railroad At CONT sixteen miles no5th ~
she Illinois River At CHICAGO it, eastern terminus viii
EIrm connections wits the Michigan Contra sd tn hch
ian southern Railroads, constituting part o. tie msin chst
Of Railroad line from tho Atlantic eles 70 the Mississippi
River and the Northwest;
Tie Road Is completed and IN operation eighty rom
u!leA eizht miles from the OF Rockford, the Roci
River to which place the Sofs In acve proEress, and
will he completed and pat In operation by te t day ~ 40
gust next the non Tor this section Of the Hoae being nov GO
hand The remaining portion Of ne gos VIII De pat uncei
contract by the 10Th Nay next and probably BE- compssdeJ
The Illinois Central Railroad Company announce such
state progress have the connecting INK from fTeepOn
the Mississippi completed early in the all Of ls'S
The grades upon the road easy the ruling grade ives,
Being 20 feet in the mile, and IS feet In the ms The
entire and equipment Of the road vii be sbou'
further amount Of about $50 Ia. been subscribed bui
yet called in There bonds outstanding follows
$500 first vision bonds due LIST June, lS2 $1,000 depo,
bonds and Sff7 $50 second division bonds The road
opened ElEin the Fox River distance OF = mss IN
the month Of February, 1857 snd completed and opened 20
its present point OF terminus the 10th ef
time earnings Of the road for the eleven months from May
OF 50 20 April 1854 were Sls2 9 expenses for the same
The S73 sa-runnnr during that time an average distance
1851 miles The earnings Tor the corresponding clever
months in 1850 81 were Sllsos2 on dsssnee rua Of q
The gross earnings for the month Of March last wsr,
S2l70O
The Company, By resolution OF llh December 1851 az.
hor1ed issue Of $50 0 Of bonds for the construction %
the third division Of said Road from Rock0rt greepc
These bonds bear interest Al per cent and pa aoe u
years from date Of ue and for the payment Of pnnci
pei and interest the property ana revenues Of the Company
pledged The interest add principal Of ess bonds
payable In the city II NewfOk and the interest
ally by coupons attached the Isl Of February and Augss
10 each year This issue Is the final Ssge Of the Company
for the construction Of sad Railroad
portion Of the bonds have been negotiated and further
amount offered fer sale which MAY 30 obtained
application MessrS Duncan sherman Co. bankers tr
the cry Of NewYork, whose BANKING house the semi
annual Interest on the bonds will hereafter be paid
The ample OF the country through which this
lire pssses % sustain Railroad have been fully demonstrated
81 the Of the Road ts far and when 1t shall be
connected with Mississippi RIVER forming . main Inc %
so-unicston from Lake Michigan with TIRE country he
apper Mississippi ana bringing through the heart Of tie
Iced e-ion 10 nav be confidently estimated 20 draw sis
proportional is cost second % rad In tGs country
The present revenue Of the Road and the certain ncsz
from the Of the Road and growth Of the country
tributary T. renders the bonds offered security ofs
uost uutoubtsbs character.-NsW-iO April a. 1851
JOHN 3. TURNER President