New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-21
THE GALENA and CHICAGO

u UNION RAILROAD The Galena and CHICAGO Rail-
road commencing the City Chicago in the State Of Iii
nts luns 20 Freeport in Stephenson County distance OF
l2 miles al which point with the Oaena Branch
Of the Illinois Central Railroad now being constructed to
Gaena and Dubuque in the State OF Iowa on the Mississippi
River.
Aurora Branch Railroad operation thirteen miles
and which abOgt being extended that Company the
Illinois c, ntral Railroad at point sixteen miles north OF
the Illinois River At hicago, its EASTERN terminus II viii
form cctons with the Michigan Central and the Mch
gan Southern Railroads constituting part Of the main chain
OF Railroad he from the Atlantic cities to the Mississippi
River and the Northwest
The Road is completed and in operation eghtyfour
miles eight miles fro the town Of Rockford the Rock
River to which place the work IN active progress aud it
will be completed and put Ia operation by the st day Au
gust the non for this section OF the Road being
hand The remaining portion Of the work VIII be pat under
contract by the % May and probably be compleedb by
June 1855
The Illinois Central Railroad Company announce such
state Of have the citing link rom FreepOd
TO the Mississippi CON peted eaIlv Ia the fall of 1855
The eades upon the road are easy the ruling grade west
being 90 feet in the mile, God east Is feet 10 toe mile The
entire aud equiomeDt OF the road will be about
100000 The amount o. capital paid In 10 $1,000 and
further amount Of about 100000 has been Subscribed but
not yet called in There bonds outstanding follows:
$47 900 first division bonds due istJUue 1851 Sol
bonds and SAT- 0O0 second division bonds Toe roai
open Esin the Fox River distance of AZ miles m
the month OF February 1900 and completed end ooened to
its present point OF terminus the 10th day OF March last
The earnings Gf the road for the eleven months on Nay
i85 to April l@1 were $'S1 @o9 expenses for the same
time S8 89 running during that time an average distance
Of ~ miles The earnings tor Inc corresponding eleven
months in 1880 5l, were sl6U( on distance run OF Il
miles
The earnings for tie month OF March last were
S27 O6O
The Company, by resolution Of ith December 1851,
thozed OF $500 0O0 of bonds 'he construction Of
third division of road from RockppTt tree3ort
These bear interest at and payable IN
years from OF aud for ts payment Of pTinci
pal and interest the property aud revenues OF the Company
p dyed The interest aud principal Of these DO ads
payable the City OF York and the interest SENT
ally coupons attached the LIST of February and August
year This issue is the final issue OF the Company
for the construction of said Railroad
portion u the bonds have negotiated aud further
off for see which may be obtained
applicaton MesHs Duucsn, Sherman y c. bankers
the City Of NewNoik, whose baokinghouie the semi
annual interest the bonds will hereafter be paid.
The ample OF the COUNTRY through which this line
passes Railroad. have been fully demonstrated
by the Of the Road thus far and when II shall be
connected with the Mississippi River forming main hne Of
commu icator ou Lake Michigan with the country on tia
Upper Mississippi and bingiug through the heart OF the
lie region, be confidently estimated 10 draw traffic
proportional 10 It's cost second 10 road IN this couaty
Tire present Of the Road agd the certain Increase
extension Of the Road growth Of the country
tributary render the bonds offered sesurtY OF
most uIdOubtabc character NeV-YOk, April D. 1852
JOHN B. TURNER, President