New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-24
THE GALENA and CHICAGO

UNION hAILRUAD.-The 8aIeu. ana Chicago nAil-
"s run. 20 FrrspOrt IL st.phsn.oo County d.nc. Of
" nilee at shieh point Il eonnec" YIN me osens
Cd ~ Gsens and Dubuque IN the State OF Iowa On toe
Asnsipp, River.
Az point tuirry sniies west Of Chicago win
the Auroru Branch Rsirad IN operation thirteen mic
which about being extended oy that Company 70 the
Illinois Central Railroad point sixteen miles oorrh o.
trn connexions ts the Michigan Central and IN. Mioh
gan Southern Railroads constituting per Of the main chain
Of Railroad line from the Atlantic cities TO the nnSpp
The Road is completes ana IN operation esnty son
es eight miles from the town Of Rockford on the hocl
River u which place the worn IN active progress and
x he completed put In operation BY the LIST day NJ 40
gust next the iron fo IN, section on me hosr pens ao~
contract By the 9Th hay next and probably De y
Tn. Illinois Central Railrcsa Company snnounce sach
sste OF progress the connecting link from freepo
70 the Mississippi completed early IN the sal Of 1883
The the road easy the ruling grde wes
oeinr q feet in the mile and IL feet in the mile TIE
entire ard equipment Of the road -ll De about
f2enaa The amount Of capital paid IN flaeoo sad
further amount Of about t1o has been subscribed but
not yet called in There bonds outrandins follow
bonds and t4f7 second division bonds The road wa
opene6 20 Erin Fox River dnance n q mica In
@ point Of srnu. on tn. the lib d.v March a
time earnings Of the road for the eleven months nom May
Sb. AP 1 durn, that ns % average d.ns:
1851 miles, The eaTninss Tor the corresponding eleven
months IN 1885, 81 were sllsos2 on distance run OF 9,
The gross earnings for the month Of March last wore
e2l7Oe
The Company BY resolution Of llth December 1851,
tnorzed Of t65 @ Of bonds for the construction Of
tn. third division Of said Road from Rockfe FreePo,t
These bonds bear interest al cent and payable
years date OF issue and for the payment Of prns
pal interest the property and Of the Company
pledged The interest and principal Of these bonds
payable the city Of Newly ck and the interest sm
ally by coupons attached the h Of February and August
IN each year This issue Is the final sue OF the Company
for the construction Of said Railroad
portion OF the bonds have been negotiated ana further
offered for sale which may DO obtained on
application Mesrs Duncan Sherman Co. bankers In
the city Of NewYork, at whose banking house the semi
annual interest the bonds will hereafter be paid
The ample Of the country through which thb
hne passes sustain Railroad been fully demonstrated
BY the Of the Road thus far and when shall be
sonnected with the Mississippi River forming main line Of
communication from Lake Michigan with The country on the
upper Mississippi and bringing Il through the heart OF the
lead region IL be confidently estimated TO draw uao
proportional i cost second 70 road In this country
The present revenue Of the Road and the certain increase
from the OF the Road and growth Of the country
tributary 1t renders the bonds cow offered security OF
most updouhtsbe Characterization, April "A, 1857
JOHN B. TURNER President.