New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-03
THE GALENA "and CHICAGO


UNION RAILROAD.-Ths Gaiens and Chicago Rail
road commencing the City OF Chicago In the oISe u w
sois runs Freeport 10 Stephenson County distance o.
% miles al which point Il connects ~ltn enc osens
Branch Of the Illinois Central Railroad now being construct
ID ~ Gaens and Dubuque 10 the State OF Iowa on tns
Mississippi Rivef. -
AT point thirty mile. Of Chicago connects with
the Aurora Branch Railroad now In operation theen ies
and which is about being extended by chat CoPsJ % the
Illinois Contra Railroad at point sixteen miles north "
Illinois River At Chicago, s eastern terminus WI
orn connections with the Michigan Central and tho hch'
Gan Southern arosds constituting part OF the main ehsn
Of Railroad line from the Atlantic eitissso the Mississippi
River and the Northwest do, ,. ,,
TIE Road is now completed and In operation
miles eight mile, from the Of Rockford on the hoc.
River TO which place the work Is In acuv. progress ana
st nex H. iron for this section Of the Road being now on
hand The remaining portion OF the WORK VIII % put
contract by the ath May next and probably De
The Tinoi. Central Railroad Company Announce -ueh
sae Of progress as 10 have the c9nGec,ns laa
The grades upon the road are easy the ruling ks ss
being Is feet in the mile and east 10 zee. ID .r ON,
entire cost and equipment Of the road VII ~
t2OoOOOO The smount Of caplta paid 70 sS.s h,
further amount Of about sAN" IA, been suscrla u.'
DOT vet called in There bonds outstanding Is r1ors
BAT 40 first division bonds due LIST June, ioZ " aePO'
sonds and SAL 400 second division bonds me roao W"
opened 10 Film on the Fox River distance OF v miles
n. month o Febusry 1850 completed and opened 70
ts present point OF terminus the the mb dsy 81
tine earnings Of the road tor ns @ .ap.ps. Tor the sam.
The S7s S5-nnins during thai time an average distance
ls5l miles The earning. tor me corvsponds ~
miles -. x.-.
The gross earning. for the month Of March last were
t2l7.OS $500 ,os, -
The Company by resolution Of llth DecemoeI ISo "a
thorizsd an issue OF OF bonds for the CONSTRUCTION oI
the third division Of said Road from kockort 70
These bonds bear cent and are "
ten years from Of issue and TOR the payent Po
gal ana interest the property and revenues Of me COMPANY
AZ, pledged The interest and principal Of IN bonds are
oaysbe In The city of NewYork and the interest
y Ly coupoDs sached the LIST Of February and August
10 each year This issue Is the hn issue OF inc COnp'
for the construction OF SAID Railroad - -.
portion Of the bonds have been negotaIea AnI iuhei
,mont are now offered for sale which may De obtained on
Application % Messrs Duncan sherman Co. bankers 10
die civ of N-w-York whose banking house the semi
annual Interest on the bonds will hereafter be paid
The ample r-sources OF tse country throuFn ~heh th
line psS. 20 sustain Railroad have been fully
sy The revenues OF the Road thus far and when shall Dc
connected with the Mississippi River toTmna main hne o.
Communication from Lake Michigan with the country on me
aprer Msssppi and bringing through the heart OF lhs
lead region il may be confidently estimated TO ORA" 4o
proportional second 70 no lOsd 10 TINS country
The present revenue of Road and the certain Increase
ou the EXTENSION Of the Road and growth Of the country
tributary IL renders the bonds now offered security OF
most undoubtabs character-New-York, APnl a 1891
JOHN B. TURNER President