New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-04
TVHE GALENA and CHICAGO

UNION RAILROAD.-The Galona and Chicago Rail-
nois runs to Freepor in Stephenson County distance u
10 miles ut which point Il connects with the 0siene
Branch OF tho Illinois Central Railroad now being consruc
ed Gaena and Dubuque, in tho State Of Iowa. on he
At point thirty miles west of Chicago It connects viii
the Aurora Branch Railroad in operation birteon miles
and which about being extended BY that Company to the
Illinois Central Railroad at point sixteen miles north q
form connections with the Michigan Central and the MichL
gan Southern Railroads constituting part Of the main chai.
Of harosd lins frsm the Atlantic cest to tho MsSspps
The Road is completed and in operation sishtyo~
miles eight miles from the town OF Rockford ths Rock
River to which place the work in active progress and e
will be completed and put in operation BY the M day OF An
nd s nor 5 Of az S
contract y the 10Th May next and probably be completed ~
The Illinois Central Railroad Company announce such
OF progress have the connecting link from Freept
to the Mississippi completed early in the fall Of 1856
The grades upon the road easy the ruling grade ve
being d feet in the mile and ID feet in the milo The
entire cost and equipment Of the road will be about
further amount Of o about Sss been Subscribed bet
not yet called in There bonds outstanding feDows.
bonds and $4,000 second division bonds The road We
opened to Elin the Fox River distance OF ~ miles n
the month OF February 1885, and completed and opened %
its present point Of terminus on 10Th day March Lass
The earnings Of the road for the eleven months from May
time ss ss-nnrng during that time N average dssnss
Of 30 miles The earnings tor ths corresponding eleven
months in 1850 81 were Sll6oS2 on distance run Of -
miles
The gross earnings for the month Of March last were
81, 700.
Tie Company by resolution Of l1th December, 1885,
.hozed Of 5000 600 Of bonds for the construction Of
the third division Of said Road from Rockfof 70 Freepo
These bonds bear interest at cent and payable N
years from date Of issue and for the payment VI prnct-
pal and interest the property and revenues Of the Company
pledged The interest and principal 81 these bonds are
payable in the city Of NewYork and the interest mi
ally by coupon. attached the s 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 fur
offered for sale, which may be obtained %
application MessIs Duncan Sherman Co, bankers IN
tic city Of NewYork whose banking house the ssGni-
annual interest the bonds viii hereafter be paid
The ample Of tho country through which hE
line passes sustain Railroad have been fully denonssse4
by the Of the Road thus sr and wheE u shall %
connected with Mississippi River forming main hne Of
communication from Lake Michigan with tho country on ne
upper Mississippi aud bringing t through the heart o. tns
lead region may be confidently estimated 10 draw racs
proportional lbs cost second 70 no road IN this country
The present OF the Road and s certain increase
nom the Of the Road and growth Of the country
tributary renders the bonds nov offered security OF
most undOubtable charaeterNevY York, Api1i ~ 1914
JOHN b. TURNER, Prendenf