New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-01
THE GALENA and CHICAGO


Il UNION RAILROAD.-The Gslens md Chicago Rail
read commencing the City Of Chicago IN the State of l
mos runs TO rreepor IN Stephenson County dashJs o
Branch of the Illinois Central Railroad being construct
ea to Gaens and Dubuque In the State OF IOWA. on tue
AT point thirty miles west of Chicago it connects with
the Aurora Branch Railroad in operation thirteen miles
and which about being extended by that Company to the
Illinois Central Railroad at point sixteen r'les north OF
the Illinois River At Chicago its eastern terminus 4 Will
form connections with the Michigan Central and the ch
gan Southern Railroads constituting part the ein chain
Of Railroad line from the Atlantic cities to the Mississippi
The Road is now completed and in operation eehtyfour
miles eight miles from the Of Rockford the Rock
River to which place the work active progress, and it
will be completed and put in operation BY day of Au
gust next the iron for this section Of the Road being now on
hand ne remaining portion OF the WORK VIII DE put unuer
contract by the 10Th May next and probably be compee0oy
The illinois Central Railroad Company announce such
state OF progress 10 have the connecting Ink from freepor
to the Mississippi completed early in the fall of 1883
The grades upon the road easy the ruling grade west
being d feet in the mile and east Is feet In the mile Inc
entire cost and equipment of the road Will be about
100000 The amount of capital paid in Is sloo and
yet called in There bonds outstanding follows;
81 frst division bonds due LIST June 1882 depot
bonds and SiOO0 second division bonds The road was
opened to Elgn the Fox River distance of ~ miles in
the month OF February 1885, and completed and opened to
its present point OF terminus on the the ION DAY OF as a
1851 to April !, 1852 S92 $50 expenses for the same
time $40 srTnnns during that time an ayersge a,ance
months in $780, 81 Sl6082 distance run of a
miles.
The gross earnings for the month of March last
s270
The Company, by resolution of-lth December, 1851
thozed of 5000 600 OF bonds for the construction of
the third division of said Road from Rockort to FreePo
These bonds bear interest ut cent and are payable In
years from date of issue and for the payment OF pnci
pal and interest the property and of the Company
pledged The interest aud principal OF these bonds
payable in the city of NewYok and the interest smi
ally by coupons attached the h 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
amount offered for sale, which may be obtained on
application to Messrs. Duncan Sherman Co., bankers in
the city of Newlork. 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 shall be
connected with the Mississippi River forming main line OF
communication from Lake Michigan with the country the
upper Mississippi and bringing it through the heart of the
lead region may be confidently estimated TO draw traffic,
proportional its cost second to road In this country
The of the Road and the certain increase
from the of the Road and growth of the country
tributary it. renders the bonds offered security OF
most undoubtabe character-NewYork, April "a 1852.
JOHN b. TURNER, President