New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-18
TVHE GALENA and CHICAGO

UNION RAILROAD.-The Galena and Chicago Rail-
ns to Frespo in Stephenson County Of
40 miles, at which point It connects with the Galena
Branch of the Illinois Central Railroad being construct
ed to Gslena and Dubuque in the State OF Iowa on the
Ats POINT thirty miles west of Chicago it connects WITH
the Aurora Branch Railroad operation thirteen mica
and which about being extended by that Company to the
Illinois Central Railroad at POINT POI Sixteen ss nGn
form connections With the Michigan Central and the Michi
Of Railroad line from the Atlantic cities to the Mississippi
The Road Is now completed and operation eighty
miles eight miles from the town OF Rockford, the Rock
River which place the work Is In active progress and 1t
will be completed and put in operation BY the LIST day Of Au
gust next the iron for this section Of the Road being
hand The remaining portion of the work will be put under
contract by the 10th May next and probably be compstsdby
The Illinois Central Railroad Company announce such
OF progress to have the connecting link from Freept
TO the Mississippi completed early in the fall of 1885,
being 6 feet in the mile and east ID feet ia the mile Tho
further amount of about $500 has been subscribed but
$4,000 So division bonds due st june 1882 81 900 depot
bonds nd $f 900 second division bonds The road
opened Eln the Fox River distance of g miles in
the month OF February 1880 and completed and opened to
Its present point of terminus the the 10th day OF March last
The earnings Of the road for the eleven months from May
1851 to April 1882 s92 a9 expenses for the same
time SIS 85nnnng during that time average distance
Of 50 miles The earnings tor the corresponding eleven
months in 1850 81 were sl6os2 on distance run of u
miles
The gross earnings for the month Of March last were
t2l7,O0
The Company, by resolution Of lth December 1851 su.
thorEed Of $500 GOO Of bonds for the construction Of
the third division Of said Road from Rockort to Freepor
These bonds bear interest at cent and payable In
ten from date Of issue and for the payment Of pnci
pal and interest the property and of the Company
pledged The interest and principal Of these bonds
payable in the city Of York and the annu.
ally by coupons attached the LIST Of February August
In each year This 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
application TO Nesrs Duncan, Sherman Co. bankers In
the city Of NewYork whose banking house the semi
annual interest on the bonds will hereafter be paid
Tie ample Of the country through which this
line passcs tosusla Railroad have been fully
By the Of the Road thus far and when IL shall be-
connected with the Mississippi River forming ns Of
communication from Lake Michigan with the country tbs
upper mississippi and bringing IL through the heart Of the
lead region IL NAV be- confidently estimated 10 draw traffic,
proportional TO It's cost second 70 read In this country.
The present Of the Road and the
from the extension Of the Road and growth Of tbs country
tributary to H. renders the bonds offered security OF
most undoubtable charscter-Sew-Y York April - 1854
JOHN b. TURNER, President