New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-24
THE GALENA and CHICAGO

\ UNION RAILROAD The Gaena and Chicago Rail-
road commencing the City OF Chicago, In the State OF Hi
Dois uns Freeport in Stephenson County a distance Of
l2 miles hic point with the Gsena Branch
of the Illinois Central Railroad being constructed TO
Gaena and Dubuque in the State of Iowa tbs Msssp p
River. $500
Aurora Branch Railroad in operation thirteen miles,
ard wbgb about being extended by Company the
Illinois Central Railroad al point sixteen miles north Of
the Illinois River At Chicago its il viii
connections with the Michigan Central and the cal
gan soulhern Railroads constituting part OF main chain
RsrOed line from the Atlantic cities 70 the Mississippi
River and the Northwest.
The Road is completed and in operation eighty. four
miles eight miles fro the Of Rockford, the Rock
River 10 which place the work IN active progress and 1t
will be completed and in operation By the st cay Au
gust the for his section OF the Road being
hand The remaining portion of the work will be pa. under
contract by the 10Th May next and probably be completed by
The Illinois Central Railroad Company announces such
pogre have the connecting ak from Free
to the Mississippi completed early IN the tall OF 1883
Tire grades upon the road easy the ruling ide west
being 20 In the mile ADD - feet IN tee mile The
entire and equipment Of the rosd will be sboat
100000 The amount OF capital paid IN IA SI5UO and
further 500 900 has been subscribed bat
yet called in There bonds outstanding follows:
S4 O first division bonds due ls,une 1885, S5 900 depot
bonds; and Sff7 eco second division bonds TIE
open 10 Een on the Fox hye distance OF ~ miles IN
the month OF February 1850 and completed ooened
pre,en point of terminus the 10th day of Ma CHI last
The earnings Of the road for the eleven months from Nay
1851 April l. 1852 $l92 9; expenses for the
time. 7s running during that time distance
OF So miles The earnings for tho corresponding eleven
months in ls5 81, were S6Cs2 on stance run of AZ
The gross einss for the month of March last were
$27 geo
The COMPANY. by resolution Of llth December, 1851
hoTzed Of 5000 coo of bonds for the
the third division of said road from Rockppt Freeport
These bonds bear interest at cent aud PAYABLE ia
years from cate Of issue aud for the OF prne
pal aud interest the property and revenues Of the Com
pledged The interest aud principal of these boIds
payable In the City Of NewYok the interest
ally by coupons attached tho LIST Of February and August
each year This issue is the osl issue Of the Company
foT the construction OF said Railroad.
portion q the bonds have been negotiated and further
off red oT sale, which be obtained
application to Mess Dunca0. Shermsn c. BANKERS IN
the City of NewYoik at whose clearinghouse the semi
annual Interest the bonds will hereafter be paid
The ample Of the through which this line
passes ain Railroad. have been fully demonstrated
BY the Of the Road thus far and when II ha be
connected with the Mississippi River forming line Of
comma csor from Lake Michigan with the country tho
Upper Mississippi and Bringing It through the heart OF the
lead gon IL be- confidently esmsed 20 draw traffic
proportional its cost second TO r,sd In this country
The present Of the Road and the certain
nom the Of the Road growth OF the country
Tributary Ia it, render the bonds offered security OF
most undoubtable character -Ne~-fOrk. Apul "A 1852
JOHN b. TURNER President.