New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-07-20

Railway Company to retain the bulk of the lands and
pledge them to loans payable in 1870 rather tnsn
70 sell them presen prices and thus provide und ior
the construction Of the road for 1t Is obvious tna win
the natural increase OF population the value OF tue JANUS
IL likely considerably to advance and they are
from taxation till the completion OF the ROAD, wnen Ine
Company are 10 pay per cent OF It's gross earnings Ia
lieu OF ali other Adopting this View they have eHecu'
ted mortgage on two millions Of acres OF their an1s
10 10000 bonds Of g. 600 each and OOO BONDS
of $500 each making the sum Of Sl1OOO,OOO In ALL
These lands they divide into four classes as follows
i.t..... 5O0OO acres at so per scre....S 10000
I'd $4,000 acres st Sl5 per aere.. o1So0 g
4th....... 100000 acres at s. per acre... loOpSoO
Total, , O00 90 acre. valued at siSIjo.OOO
We believe the bonds, before maturity, may be ex'
changed by the holders for these lands at their APP
prasement The classification of the lends s based on
differences in value resulting from location near towns,
the agricultural superiority OF some the stone quarres,
coal beds and mineral deposits contained 10 others
Variou, other lines of Railway are projected In HI
nos and for the construction of some charters have
been granted and Companies organized. Inc Caicago
and Gslena Roed Il finished from Chicago II miles
west and pays handsome income on the Investment
The Saugsuon and Morgan Railway Tor some nme In
operation from Naples the Illinois River, 20 Spring
field "a 10 be sid with rail this summer, and con-
tract for the iron Il now negohatng: CONTRACT mas
been tsken for the extension OF this Road 10 Decatur 70
be opened In the ensuing spring. The Spring.
ted and Alton Railway Is nearly half finished
this also is % be extended 10 Bl0onln ton where
Will inientct the Central Railway; rs charter, as
arneuced 81 tue late session OF lilinOs L's7ia
ture authorizes an extension 70 Chicago and changes
the name TO Chicago and Mississippi Ralxay. Diver
r. Lee ESQ, late Secretary of the HUDSON River Rail
way, is the Chief Engineer OF this Road recent re-
port Of his Is highly favorable 10 the practeaoly OF
the Bloomington extension. The road IRON 81. Louo
eastward through Illinois 70 Vincennes, and thence 20
Cincinnati, Is In progress. Work has been comneaced
or three lines crossing the Military Bounty Tract from
the Illinois the Mlssssippi River, viz: from Pern 70
Rock Island; from PeoTia to OquaNks, and to ap'ns
opposite Buili0gton in Iowa aud TO Naples . QQln
cy Lines connecting s. Louis and Alton win IerTe
Hsute and probably other ines arc projected, for
hear Of rev schemes every day.
Il can hardly be possible that gr AZ en)2rFassnent
shan 10. result from the simultaneous prosecution OF
macy erierprses nyO Wing in the aggregate 50 heavy
az expenditure. Money is always leSt plenty wien
most wanted. The enormous wealth - En- al4nd csti
net cave her from Widespread bankruptcy and ruin rs.
snliipg from the exuavagance of her railway soecula
lions. The Inevitable consequeuce OF multiplying ral.
way prcects so - - require aIger exoenii.1rs sau
the esPita seeking Investment will defay Ia % Increase
the csst ct al the hnes whose construction shall % par
severed in and 20 hazard the abandonment Of a. "a
which promise eAf -o6t or are f4rthest from compile.
non, ana nc ioss Of The money laid out on them.