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

II UNION RAILROAD-The Galena and Chicago Raii.
road commencing the City Of Chicago In the State OF lib.
noi Freepor in Stephenson County, distance OF
iso miles at which point i connects with the GaeS.
cd to Gslena and Dubuque In the State OF Iowa on the
At point thirty miles west of Chicago with
the Aurora Branch Railroad operation thirteen miles
and which il about being extended by that Company to @
Illinois Central Railroad at point sixteen miles north OF
the Illinois River Al Chicago its eastern terminus VIII
form connections with the Michigan Central and the Michi
ran Southern Railroads. constituting part of the main chain
Of Railroad line from the Atlantic cities to the Mississippi
River and the Northwest.
The Road is now completed and In operation eighty fou
msa eight miles from the Of Rockford the Rock
River which place the work In active progress and 1t
viii be completed and put in operation by the s day OF Az
hand The remaining portion of the work will be put under
y the goth May next and probably be completed BY
The Illinois Central Railroad Company announce such
state progress have the connecting link from Feepor
70 the Mississippi completed early In the fall OF 1853
The grades the road the ruling Grade west
being feet in the mile and east Is feet in the mile The
4zoooOoo The of capital paid in is Sis 600 and
further of about $500 has been subscribed but
1s70o first division bonds due list June 1882 $5OOo depot
bonds and $ 600 second division bonds The road was
opened Een the Fox River distance of AZ miles in
the month OF February 1880 and completed and opened to
s present point OF terminus on the the 10th day March last
1851 to Ap l. 1852 were ssa expenses for the same
time, $8s9unDine during that time average distance
OF o. Males The earnings ior the corresponding eleven
months in 1885, 81 $lieos2 distance run of AZ
miles.
The gross earnings for the month OF March last were
12l. 200,
The Company by resolution Of 18th December 1851.
thorzed issue of coo Of bonds for the construction Of
the third division Of said Road from Rockfo Freepor
These bonds bear interest at cent and payable in
ten from date of issue and for the payment of prnc
pal and interest the property and of the Company
pledged The interest and principal Of these bonds are
payable the city of NewYork and the interest
ally by coupons attached the LIST of February and August
In each year This issue is the final issue Of the Company
for the construction Of said Railroad.
portion OF the bonds have been negotiated and further
offered for sale which may be obtained
application to Messrs 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 this
line passes sustain Railroad have been fully demonstrated
by the OF the Road thus far and when IL shall be
connected with the Mississippi River forming main line Of
communication from Lake Michigan with the country the
upper Mississippi and bringing through the heart OF the
lead region may be confidently estimated draw traffic
proportional 10 its cost, second TO road in this country
The present of the Road and the certain increase
from the Of the Road and growth of the country
tributary to it. renders the bonds offered security Of
most undoubtable character.-NewYork, April "a, 1852
JOHN b. TURNER, President