New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-19
SALE OF EIGHT PER CENT. FIRST

THE PEORIA and ooU AwKA RAILROAD co, Of
lnds otter tor sale throqah DRAPEK their E.otL
Geo. rembursshe In New York In 1872 They are part ot
Of $0 eco authorized b. the charter aad o) a0
OF the Board Of Directors the balance OF which issue l
not be put the market this They are se;uEed oy
deed o trust their whole road franchises aAd properly
and convertible into stock at the opt0l oil e hooeI
The interest coupons are payable semi snauruy q 'l
American Exchange Bank in Neg York The TTsIee, are
LUTHER c. CLARK, JOHN r \ SANDtOkp, OF
New-York; WIN. +. COOLBAU 4H, Of Burlington, Iowa
This Railroad begins at the Ms dsPn River opposite a.
ling;on the emporium oflowa and extends seIy - mics
over hest prairie lands Of the esern
the areai ns coal field about its widest part add gene
ally level with It's most valuable stratum
The ouTshins commercial town OF Peoria, the Hin rs
River Soon after leaving the Mississippi It sends on
branch FIVE miles North 10 Oquawka Near GaI-souga
connects with Military TTsct Railroad which, wan its
extension the Aurora Branch Road will open into the
Gaeua and Chicago Railway completing most impOttmt
and straight line from burlington. 6 miles 10 Lake Mch
gan About p miles Fast from Peoria crosses The Illinois
Central Railway, opening favorable route IRON Utens
ard Dubuque to Burlington, and the district Sou0h sad
West-a la that be largely used during tue winrr
tbs, while the Mississippi ~ frozen IL connects at ~
Eastern PROPOSED TCRAiSN iiSN WITH the Oho aad ina
ana Railroads at and Lafaye te. Indiana. ~
Peoas destined to be most important point Ip w esIsr
Railroads. cursJIy view Of the map VIII soo" now des
able Tor the OF avast district OF county Will
be- the contemplated Railway from Peoria East 70 Losis
vile and Toledo aud to Lssyette-there connecting WIN
the indianapolis and Beetontane ROADS and completing
direct line OF Railroads from the Atlantic 70 Burlington pro
badly the shortest and best that can b- male n'm New"
York to the Mis- issppi.
Tho Peoria and (Iduawka Railroad will be one OF the
cbeapest ever built More thirty miles OF its track
near dead level that the grades nowhere exceed seven
feet 10 mile and the maximum grade along the whole ne
is only twenty-five feet -, -,
The material ard location Of such favorable charar-
ter that responsible contractors have undertaken 20 com
pleie most OF the road for exceeding $3.50 per
mie-snd they have the section OF fifty miles from buing
ton to knoxville ary ready tor the rails 1t IL estimated
that 600 per mile will iDilh and fully equip tue whoe
road and the expense OF working It will be materially re-
oucrd the cheapne Of fuel along the line the coal being
admirably adapted ter cokng and in locomotives Inc
road will at Burlington with the ralosd proposed
10 be made thence West TO the mouth OF the fae 70 ala
which grants lana by Congress under the consde
ration Of that body-thus extending the Newforh ono
ana Indiana Roads via Fort Wayne nearly due wes' Via
Peoria and Burlington 20 the Missouri nver.
The individual stock subscriptions aud subscriptions OF the
various 10 over $500 600 and are all consider
Cd available. and likely be increased The proceeds OF
the Bonds now offered 10 be applied 10 paying for the
inn for the western section Of the rnad which must mns-
diaelyo ION opening be crowded with profitable business
from the ch agricultural and mineral products Of the conn
y and the through merchandise and passenger
traffic which through roundabout channels reaches
Burlington is from that point circulated through Iowa
by steamers and well developed system OF plank roads
These Bonds viii be sold at auction on W GDNESDAf
noon thu sd June at the Merchants Exchange
TrRMs- One-thrd cash, OnehiTd lst August and one
third lst September.