New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-12
THE GALENA and CHICAGO

il UNION RAlLROAD.-Ihe Gsiena and Cnicago hit
road commencing the City Of Chicago in the State Of m
nois Freeport in Stephenson County, distance OF
10 miles at which point it connects WIN As uslens
Branch of the Illinois Central Railroad being construct
ed Galens aud Dubuque in the State OF Iowa on the
Az oint thirty miles west OF Chicago II connects with
The Aurora Branch Railroad In operation thirteen neh
and which being extended BY that Company 70 me
Illinois Central Railroad at point sixteen mies nortn g
the inois River At Chicago It's eastern terminus VIII
form connections with the Michigan Central ans the Mch'
gan Southern Railroads constituting part OF the nam chan
OF Railroad line from the Atlantic cities to the hissspP
River and the Northwest 49,, ,-,. -
The Road Is onpleted and In operation eshy,toI
miles eight miles fom the Of Rockford, on the hoSs
River which place the work Is In active p1oss ana
will be completed and put Ia operation by me Isl day OF Az
gust the nor tor th: ss9n 81 e e SSdp S snt SrS,
contract BY the 9th May next aud probably DO
he Illinois Central Railroad Company announce such
stste a. have the connecting link from FreePod
10 the Mississippi completed early In the tad OF 1913
The grades upon the road easy the ruling grade Eo
b.ne M feet in the mile and Is feet In the mile Tn:
entire cost and equipment OF the road Will % sDouI
t2ooo roo The amount Of capital paid in S7l5o0o and
rot ye. called in There bonds outstanding follow.
81 first division bonds due M June - H. 80 ~
opened Esin the Fox River, distance OF ~ miles
the month OF February 1880 and completed sns opened %
time earnings of the road for the eleven months from May l.
OF 5sto April l. 1852 $l9 $50 expenses Tor the same
The s78 8arnning during that time distance
1881 miles The earnings for the corresponding eleven
mouths 10 1e5O 81, were sl6OS on distance run oil "
miles
The gross earnings for the month Of March last were
t2l7.OO ,,,,
toed ana Of SGe0 900 Of bonds for the construction o.
the third division of said Road from Rockt TO FreePOr
These bonds bear interest per cent and payable 10
ten years date of and r the payment Of pnne
pal and interest," the property and revenues Of the company
are pledged The interest and principal Of these bonds are
PAYABLE in the city Of NewYok and the interest ami snno
ally ~ coupon. attached on the st Of February and AUGUST
40 each year This the final Issue Of the Company
for the construction Of said Railroad
NORTON OF the bonds have been negotiated and further
amount arr now offered for sale which b obtained ~
Application 10 Messrs Duncan sherman co. bankers "a
he city of NewYork at whose banking house the sei
annual interest on the bonds will hereafter be paid
The ample resources OF the country through when th
line passes osustsn Railroad have been y demonstrates
BY the revenues Of the Road thus far and when SHAH be
connected with Mississippi River forming main line Of
communication from Lake Michigan with the country on the
upper Mississippi and bringing through the heart OF the
lead region il may be confidently estimated 10 draw trade
proportional its cost second to road in this county
The present revenue Of the Road and the certain increase
from the extension Of the Road and growth OF tie ec0nt9
tributary 10 H. renders the bonds offered security OF
nost uudoubtable eharactsr-NewYork, April n, 1881
JOHN B. TURNER, President