New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-13
New-York April 90 1852


HNH T. u L. T. ~ A anu NIIiNhNO
I Union RAILROAD-The Galens and Chicago Rail-
road commencing at the City of Chcago IN the State OF I'M
neis runs Freeport in Stephenson County, dssnGe oi
L. e :. SSs Pop Railroad now
ed Gaens and Dubuque, In the State OF iowa On tne
Mississippi River.
the Aurora Branch Railroad In operation thirteen miles
and which about being extended by that Comoany 70 ne
Illinois Central Railroad at point sixteen miles north OF
the Illinois River At Chicago terminus II viii
form connections with the Michigan Central and the Mlcni-
gan Southern Railroads constituting part OF the main cham
OF Railroad line from the Atlantic cities to the Mississippi
River and the Northwest.
The Road completed and In operation eighty'o
miles eight miles from the Of Rockford on the Rock
River TO which place the work In active progress and
will be completed and put in operation by the LIST day o Au
gust the iron for this cton OF the 0an being DOW on
hand The remaining portion of the work will be put under
by the Goth May next and probably be completed BY
The Illinois Central Railroad Company announce such
state Of progress have the connecting link from Freepor
70 the Mississippi completed early in the fall of 1855
The grades upon the road easy the ruling grade west
being 26 feet in the mile and east 10 feet IN the MILE The
entire cost and equipment Of 5hs gnd Ell S S sns
further amount of about S000 has been subscribed but
not yet called There bonds outstanding follows
&7 division bonds due LIST June 1872 xj 900 depot
bonds and $f7 900 second division bonds The road was
opened Egn the Fox River distance of q miles in
the month Of February 1850 and completed and opened 70
its present point Of terminus on the 10th day of March last
The of the road for the eleven months from May
l25l TO April l. 1882 1892 69 for the same
time S9-rgnning during that time an average distance
Of So miles The earnings for the corresponding eleven
this IN 1907 OIL were fiioUo< on oSaice run Oh "a
miles.
The gross earnings for the month Of March last were
&2l700.
The Company by resolution Of 18th December 1851 su
thorzed am issue Of 5000 600 Of bonds for the construction OF
the third division Of said Road from Rockior to Feepo
These bonds interest at cent and payable in
ten years from Of issue aud for the payment Of prnc
pal and the property and revenues OF the Company
are pledged The interest and principal Of these bonds
the city of NewYork and the interest sim
ain by coupons attached the LIST Of February and August
In each year This issue Is the final Issue OF the Company
for he construction Of said Railroad.
portion of the bonds have been negotiated and further
amount are offered for sale which may be obtained on
application Messrs Duncan, Sherman Co. bankers IN
the CITY of NewYoIk whose clearinghouse the semi
annual interest on the b0nds-wi hereafter be paid
The ample of the country through which tins
line passes Railroad have been fully demonstrated
by the Of the Road thus far and when II shall be
connected Mississippi River forming main ine OF
communication from Lake Michigan with the country ON the
upper Mississippi and bringing through the heart OF the
lead region be confidently estimated TO draw trac
proportional TO its second 10 road In tins country
The present Of the Road and the certain Increase
from of the Road and growth OF the country
tributary it, renders the bonds offered security OF
most undoubtable chsracter-New-Y York April a. 1852.
JOHN B. TURNER, President.