New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-20
VNHE GALENA and CHICAGO

II VI n Ia Il N n anu NLIiNhoO
a UNION RAlLROAD.-The Galena and Chicago Rail-
road commencing the City of Chicago IN the State OF Hi
nois Freepor, in Stephenson County distance Of
Branch ofthe Illinois Central Railroad being
cd to Gaens and Dubuque in the State OF Iowa on the
Mississippi River.
At point thirty miles west of Chicago connects with
the Aurora Branch Railroad now in operation thirteen miles
Illinois Central Railroad point sixteen miles north Of
the Illinois River At Chicago its eastern terminus Will
form connections with the Michigan Central end the Michi-
gan Southern Railroads constituting part of the main chain
Of Railroad line from the Atlantic cities to the Mississippi
The Road is now completed in operation eightysour
miles eight miles from the Of Rockford the Rock
win be Completed and put in operation by Au
gust the iron for this section OF the Road being now on
hand The remaining portion Of the work will be put under
by the goth May next and probably be completed BY
The Illinoi, Central Rsiroed Company announce such
state progress the connecting link from Freepor
the Mississippi completed early In the fall of 1883
The grades upon the road easy the ruling grade west
being 26 feet in the mile and east Is the mile The
entire and equipment OF the road VIII be about
$4,000 The amount Sa, Of esps PAID h IN % sn Sus
yet called in. There bonds outstanding as follows
$4,000 first division bonds due ls June 1875 81 depot
bonds and SAT- 600 second division bonds The road was
opened En the Fox River distance OF AZ miles IN
the month Of February 1885, and completed and opened to
its of the the 10th day of March last
The earnings of the road for the eleven months from May
1851 to April 1852 s92 9 expenses for the same
time. SIS 8running during that time average distance
Of 50 miles The earnings for the corresponding eleven
months in 1850 ISL were slleos2 distance run of q
The gross earnings for the month of March last
$2l7O0.
The Company by resolution of lth December 1851, au
thozed Of 5000 co.. of bonds for the construction Of
the third division Of said Road from Rockfo TO Freepo
These bonds bear interest per and payable in
ten from date OF issue and for the payment OF prnc
pal and interest the property and OF the Company
pledged The interest and principal of these bonds
pay able the city of NewYork and the interest SINH
ally by coupons attached the lst of February and August
In each year This issue 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 MessIs. Duncan Sherman Co., bankers in
the city of NewYork, whose banking house the semi
annual interest the bonds will hereafter be paid
The ample OF the country through which this
lire passes sustain Railroad have been fully demonstrated
BY the Of the Road thus far and when II shall be
connected with the Mississippi River forming main line Of
communication from Lake Michigan with the country the
upper Mississippi and bringing through the heart of the
lead region be confidently estimated 10 draw traffic.
propconao its cost second 10 no road in this country
The of the Road and the certain increase
from the extension Of the Road and growth of the country
tributary IT, renders the bonds offered security Of
most undoubtable charscter.-New-YorkA April "a 1852
JOHN b. TURNER President