New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-08
HVHE GALENA and CHICAGO

Il UNION RAiLROAD-The Galena and Chicago Kali
road commencing the City OF Chicago in the State Of Hi
no freeport IN Stephenson County, distance OF
100 miles at which point u connects WIN the oalena
ed Galena and Dubuque in the State oil Iowa. on the
A. MONT thirty miles west Of Chicago II connects with
the Aurora Branch Railroad in operation thirteen miles,
and which extended by that Company % the
Illinois Central Railroad ut point sixteen miles north Of
the Illinois River At Chicago It's eastern terminus II VIII
form connections with the Michigan Central ard the Mchi
gan Southern Railroads constituting part of the main cham
Of Railroad line from the Atlantic cities 70 the hsssPpi
River and the Northwest.
The Road is completed and in operation eighty,onr
miles eight miles from the Of Rockford on the Rock
River which place the work is In active progress ana
will lie completed and put in operation by the h day OF AL
gust next the iron for this section OF tne oan peg no" On
hand The remaining portion OF the WORK VIII De pnt uhdei
contract BY the 10Th May next aud PROBABLY Oe
June, 1855 - -
state of progress have the connecting I'M from seepot
70 the Mississippi completed early in the fall OF 1883
The grades upon the roaf easy the ruling grade wet
being % feet in the mile aud ID feet IN the mile The
entire cost and equipment Of the road VIII De ABOUT
100000 The amount Of es9i 5a Paia as s y i h
not yet called In. There are bonds Outstanding G l0i0"s
81 coo FIRST division bous due lst June l3j< s54ob depot
bonds and $4,000 second division bonds Tue road ws
opened Elgn the FOX River distance OF = mics "a
the month OF February 1850 and completed and opened 20
It's present point of terminus on the the ION day o. s
The earnings of the road tor the eleven months iof May
l35l April J. 1882 Sls2 59 expenses Tor the same
time S7s 9-rning during that time an ayefsss aancs
months In 1880 81, sl6oS on distance run Of "
miles
The gross earnings for the month of March last were
S2l7.Oo -
TIE Conirany by resolution Of llth December, 1851 su,
thoaized az issue OF bonds i1r the construction OIL
the third division Of said Road from Rocktort TO FreePort
These bonds Interest at Per cent end are payable 10
ten ais from date Of issue AID for the payment o. pnci
pal ad Interest the property and revenues Of the Company
are pledced The and principal 81 these bonds are
PAYABLE in tie city Of NewYors and the Interest 81 n
ally b. coupons attached the st II February ald Auss,
in each wear This sse il the final issue OF the Company
for the construction of said Railroad.
portion Of the bonds have been negotiated ana tMlhef
anorr are nov offered for sale when may be obtained on
sppkcaiion "a Nets Duncan, Shsrnan Co.. OaA~es 10
the ciT Ns-Io7k. az whose uanSlngho me SEMI
aunua interest on the bonds viii hereafter be paid
The ample resources Of the country through whcn tnls
line masses 10 sustain Railroad have been fully
bv the revenues Of the Road thus far and when u snail pc
connected with the Mississippi River forming man Inc OF
from Lake Michigan with the country o te
upper Mississippi and bringing Il through the heart OF sns
LEAD region il nav be confidently estimated 70 draw trsnc
uoportoua TO lis second 10 no Toad IN tAis eolnfy
e prcse, revenue the Road and the cert1n increase
f fhe extension of the Road and growth OF the country
trbutary 10 it renders the bonds now offered security oil
n0s' u'1O JOHN Z. TURNER President