New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-15
THE GALENA and CHICAGO

UNION RAILRoAD.--The Galens and Chicsso RAJ
road commencing the City Of Chicago IN the STATE q In
ID miles at which point It connects with the Gs9a
Branch OF the Illinois Central Railroad being consk
ed to Galens and Dubuque, In the State OF Iowa -
AZ point thirty miles west Of Chicago n eonnsch IA
the Aurora BrsIch Railroad now In operation thirtesn "a
and which b about being extended BY that Companyhn
Illinois Central Railroad at point sixteen miles en4
she Illinois River AZ Chicago its eastern sermnua ~
form connections with the Michigan Central and the -
san Southern Railroads. constituting part Of the main s
Of Railroad line from the Atlantic cities TO the kshaH
The Road Is now completed and in operation eishyb9
miles eight miles from the town Of Rockford, on the Ss
River to which place the worn Is In active progress NAB
gust next the iron for this section OF the Rood being nov
hand The remaining portion Of the wort VIII Be put unoa
contract by the 10Th Nay nsx and probably b oompleeea
The illinois Central Railroad Company ssch
state of progress have the connecting limb from foepon
70 the Mississippi completed early IN the fall Of 1883
The grades ths road are easy the ruling Isds .ss
being feet In the mile and eas, Is feet IN the mile Ine
entire cost and equipment Of the road viii 30 soous
t2Oo0Ooo The amount Of capital paid in Ulaooo snd
not vet called in There bonds Outstanding sSows
Oh 900 first division bonds due tn June lSa1' Seps
opened TO Esin on the Fox River distance Of ~ mss Y
the month Of February lsSo ana So%P!stsd and Spsnsa
dine earnings Of the road for the eleven months from May
Of So 70 April 1852 were ssl expenses tor The same
The SIS e-rnnins during ths, time an sveIsse nSsnee
1851, rles The earnings or the corresponding eieye1
months in 1885, Isl, were tllScoz on distance run Of
| miles.
The sross earnings for tho month Of March Last vs0
t2l700 -
The Company by resolution Of llth December, 1851 -
thozed an issue OF t6s0 600 Of bonds for the construction Of
the third division Of said Road from ROckfet to Freepc
These bonds bea interest At per cent and are payable
ten wears from date OF issue and for the payment Of pnd
pal and interest the property and revenues Of the COMPANY
are pledged The and principal Of these bonds sse
payable In the city OF and the interest 'im anne.
sy hy coupons attached the s OF February and Ausae
IN each year This Ia the final issue OF tho Company
| for the construction of said Railroad
norton Of the bonds have been negotiated ana rutn9
smount are now offered for sale, which may Dc OBTAINED
! Application To Messn Duncan. Sherman Cos banker
~ rity Of Eey-York whoee banking house the sen
annual interest on the bonds win hereafter be paid
The ample resources Of the country throush wnicn
ne pss.es % sustain Railroad have been fully deonsus
by Dc revenues Of the Road thus far and wnen n
connected with the Mississippi River forming man ~
Communication from Lake Michigan with me country
upper Mississippi and bringing Il throufh the heart -
lrad r.Kion IL NAV Be confidently estimated 20 dnw ~
proportional TO cost second to no road In TINS eoanuJ
he present revenue of the Road and tho certain nofes
from the extension of the Road and growth Of the esan
tributary 70 il renders the bonds now offered ss'un
mo4t undoubtabls charscter.-New- York APni - ls1
A@'' JOHN B. TURNER Pre<dsn