New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-11

. I.UUU. OOOpFMR0 ckIT sSfns i ii.l
ILLINOIS GREAT WESTERN CENTRAL RATLRoIr
@ SPANf- ssisd pfcr oss viii ~ received az the -
Bsns IN fhe City Of Ns~ ioik Until O'Clock " Of r.
day. the 18th dsy @; Nzrch inst. for the prrcha
million dollars OF bouds ssuea By th- Illinois O. -, ~ as
Railrosd COMPANY BY virtue Of is chart r froe ~,
TLese bcnos bear dste ID of April, isS AMI will ro
years, bers payable IN lss. ~"
They have e9uPor a'tschs Bee ns iasrs, At the r., a.
Il PER cent surun payable .miannaal'y ID ,As Co.
Of New-IoTk. ~
They seoursd eys nortsAse on lie Who'll. ic5 nile. -
road 6epds sson and fAlch g., is propesty 70 II
created by The rocees OF the bonds tIst 10 re Fsr,
ers Loan a. Tusi Company OF the Cty o. Ne~-Yors.
rei~as bddue for these bonds WI pcSse sidrsss ,6sr
oaefs iu6crsed Proposals os GrcGi Western RAiin4d
Bonds 10 Commissioners, at the Union BanA Ci;y New
York.
TIE bids will Be- orened At O'clock " on he Ish v
81 Nsrch by Jog:thAn Sturgis ESQ and Denas, ESQ,
President Of The Union Bank who have hsen APPOINTED
commissioners % make the aWsrcs.
Successful bidders viii be reJuird 30 ray ten per cent, a
the amount swased 70 them receiving no'ac1iop IL
the acceptance Of Their bids and the balance fu -
making the bonds full AZ once they desire.
Ii Is understood thai no BAD BIOS val be entertained IN
der Fcr and that The right reserved accept such bd
BIDS SHAH IN the aggregate. BE- sijudged advs-
sgeous 20 tie Company. Also, that TIE bids OF tne s-
holders in the Company Will have preference over ethers
Tie Illinois Great Western Rsigoad was opcncd ffonn
Spnngtsd the State Capital 20 the Illinois River eay-
hve miles IN lSi anG has snee been IN successful ePe-
ton. IL was o'igusy the "Northera Cross Rliiro ID
and was considered The most important Ink IN the sssss
sysi,in OF internal Improvement onertsson IN q yeas
Il was 10 from Quincy, the Mss.sppi due esss
scTos tbs head Of the Illinois River through Jaeksoay
OF the most important cites through Spnxel, tAS
State Capital nterecng the Grcst Central Railroad e
Decatur al proceeding the dtcton Of La FAystfe In
cisua On HI ne the State spent S0Q0So and thu
from Spriu gfed the Iiuc's River fly five miles
put in operation lei0. II there connects with steam
boats tor ~ Louis ard the best between the 20
Cfes TIE influence OF ts road has heen 90 -
tia. Itc rtklon the settlers ard build ap large heoh
business.
In IcsS a coulrsby was Organized, with a capital Of
81 tCC C(C which ChGssd OF TIE State the Rad om the
nsos, with al It's work flashed and unfinished and I'll
its rights and properly &C the lid State ne O niles
The Company called the Sangamon and Morgan Rsl.
road Durins last session The Legislature alt sd he
the Great Wos,eru move appropriate TO the
position which The work has assumed relative 10 the rS
routes East and West
To relay the portion Of the Ioad in operation with rail-
complete the Meredcsa branch, % extend the road
Decatur where Il will ntesect the Great Central Rso,
and 20 connect with the great line % Dads coming ir the
Fast through the capitals OF the Western States and sasng
the lateral connection u proceeds became necessary
issue OCo OF the bonds OF the Company. 10 orog
the 60 complete the works by Septemoer
under tie nagsmeut OF the Chiet tnsneer j.
Carter Esq il decided to put the rate OF intefs9
10 per cent giving the bids OF the stoekhode prefer
epce.
New YORK and the Mississippi and thence 10 the Pacific,
will thus BY svaing OF the former expenditure Of tss
State be put complete operation az cost tneladisg
the charter and rght OF way 70 miles from Decatur, The
terminus the road 10 the State line, which
large expenditure made by the State) OF lee thkn
{ IS Geo per nile 90 the present Stockholders
The Of the road being vigorously prosecuted.
Tn. work all under contract, and considerable psroa
OF has been purchased aud has already arrived -
New and the ties being delivered on the ne
kErcHuM, R0GERs BgMsNr,
No. IS Nllliam-st NCw-NOfk