New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-21
GALE OF EIGHT PER CENT. FIRST

~
THE PEORIA and OQUAWkA RAILROAD co 81
IIlinoi. otter for sale throulh DRAPER their LIGHT
600, reburssbe In New York IN 1852 They are pan Of
Of 500 eco suih5Eed BY the charter snd BY ve
OF The Board Of Director the balsne. Of which issue 81.
deed Of iruE their whole road franchises snd property
and convertible into stock AZ the opuod Of te hoest
American Exchange Bank in NesYork The Trustee. are
LUTHER c. CLARK. JOHN =. A sANDFOhp, OF
New-York WIN y. COOLBAU al. Of BurlinstOn, IoEs
Th Rsrnsd begins At The Mis- a.pc River opposite ~
hngton the emporium olowa and extends Es-tery % es
over the richest prsi1e lsnd Of the western
ally level with its most valuable stratum asn
the Hourishine commercial town Of Peoria Oh the t5s
River. Soon after leaving the Mississippi u sends OF
branch Eve miles North 70 Oqua~ks Near Gasourzi Il
connects with Military Tr.ct Railroad winch, with rs
extensisn the Aurora Branch Road viii open into the
G.ena and Chicago Railway competing most n2orstnt
and straight line from Bur ngton 20 miles 70 Lake Meh-
Central Railway, opening favorable route from Gaens
ard Dubuque 20 Burlington, and the district Soufn and
Wes-s lire that be largely used during the winter
nontbs while the Mississippi frozen IL connecS q Us
Eastern PROPOSED TERMINATION with the OHIO and lndi-
ana Railroads At and near Lafayette Indiana
Peorsis destined 10 be most important point Tor western
Railroads cuIsory view Of the mao Will stow how eesr
able tor the accommodations vast district OF country VIII
be the contemplated Railway from Peoria East LoEsns-
ye md Toledo ard 10 Isfsyete-tere connecting with
the Indianapolis and Beefontsine Roads snd eompenea
baby the shortest and best that can be maize from New
York TO the Ms issippi-
The Peoria and Oauawk. Railroad will be one Of the
near dead level that hs GRADES nowhere exceed seven
feet mile and the maximum grade Along the Whole inns
IL only twenty-five feet.
The material ard location Of such favorable ehrsc-
ter that responsible have undertaken 20 COM
peie Of the road for sum po exceeding per
nie-snd they the section OF fifty miles from Burning
ton Knoxville nearly ready Tor the rais IL estimated
that $4,000 per mile will irish and fully equip the whole
road and the expense Of working II win be materially
ducd by tie ehespness Of fuel along the line TIC coal being
admirably adapted for coking and in locomotives The
road will Burlington connect with the railroad proposed
70 be made thence West the mouth OF the Platte 10 aid
which grants Of BY Congress under the console
ration Of body-hus extending the New-Vork Ohio,
AND Indiana Roads via Fort Wayne nearly due wes VIA
Peoria and Burlington to the Missouri river.
The individual stock subscriptions and subscriptions OF the
various towns aount 20 over $500 COO and al consider
ed available and likely be incrsaed The proceeds OF
the Bonds now ed be applied TO paying for the
ircn for the section Of the rued which must ie-
datey on opening he crowded with profitable business
from the ch agricultural and mineral products Of the coun-
try and from the through merchandise aud passenger
traffic which now through roundabout channels reaches
Burlington sn6 is from that point circulated through Iowa
by steamers well deveoped system OF plank Iosds
These Bonds viii be sold AZ auction w sDSESDAl
noon tn sd June, at the Merchants Exchange.
TVRNs-One-third casb one-third let August and one
third LIST September.