New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-10

year of s207O7 49, and decrease % eApe"'oo -
g. The surplus last year over expenses sIV4o4 o. Nv"
sena nuual cash dividends amounting 20 s''.'i VIZ
dsoI.,od I'D a toek dividend Of 10 = cent. has been
,oa =, ,Ia credit Of the stockholders, amounting 70
Goo oeo n this s,o363 II placed to the debit Of 70
deon purcbsse closing that account. The balance OF
Sl29l6 %, TO profit and loss.
Respecting the proposed consolidation, The PO'toH Post
remarks;
The seserne pae consolidating the osd'nsbq{ Central
and Rusis Ross by the election Of William Raymond Le % re
,1ssfsion sbiy AID ioca position M sey command
ih confidence Of the three ss Of Possiors TIE 9sen,'ata
,rgss pYorso asy vote ether yea q nav viii ,h OPEN
Ifhe Central Rutland Roads be uais york toEehsr a
ssy @ ts es iAoI for the. The be- 81
scheme to d. i coed or eva! Or lie Of no eject no. 50 ~ e.
three ro,d and Their suhe eohhusacna and sha be r,
q anything h,i VII make then more Posse.e. II = - . r.,
horne the burden heat Of the dsy in times The sros! earn
Ieoe does vary much from 1--WE cent the whole c' o.
The following letter was received this day by the Secre
tary Of the Ulster Lead Mining Company
"ULs1ER NINE, Tuesday, juno T. 1853
ven n as S e.s s ss sS ' fs vein n o5s "a:
esver stu hoe we 1t varies from 70 . IS inches taetH 5
iee M ydnss fine lot Of lsss sast No . a19ei the :ans
nras Co., r. 5TeSi to Ysv o olSI r. H. RcasRD
Judge SdlxeU has decided that County subscription to
railroad made in pursuance of vote OF the people Of the
County after the adoption ofhe Constitution Of Ohio
but upon law passed before the time, is legal and valid
ard can be enforced
Tie contracts for the Chicago st. Charles and Mssis-
spp Air Line Railroad have been taken by Eastern Goa
tractors be ready the st January, 1856 The con
tractors are TO build the road using rail weighing 50 to
co pounds TO the yard equip with rstclass ocomo-
ve each weighing from Is to 90 tuns 10 first class pass
enger cars and eight wheel freight all bat 30 Of
which are to be close also build substantial water works
for the and TO receive r such service s2i5Jo
per mile &sOOOOO Of which TO be paid in cash. oneourh
il i stock Of the road and the remainder ia tine bonfs of
the COmpsny-one half Of which 10 bs convertible into
stock within five years at the option Of contractors Ot
the road the first 40 Understanding 10 miles west Of ST.
Charleihe contractors agree 10 finish by the day Oi
January The line OF the Chicago and s. Charles Air Line
will be almost direct TO Savann alb, via IT Chsre and to
the Mississippi River is 100 miles The grades are cisy
and when The road is furnished trains will pass from the
ako to the river in five hours At Savannah rather op
posite Savannah the road Will connect with the Iowa Cen
tsl Road which 10 be put under contrast Immediately
and finished to Cedar River, and extended soon as
be raised, directly west to Council Bluffs on
lie line TO the South Pass For the latter road s'0OOOJ
have already been absorbed by the people and counties
along The line, which will carry it to Cedar River.
The annual meeting Of the Rutland and Burlington Rail
road was held at Bellows Falls yestesday The earnings
Of tie year rsdirg May 81, sio55o7 -. expendi
lures &22s5s 80 net income expenses 1896 $50 70
gain Of GO cent last year The cost Of the road
so has been s5477466. The bonded debt is s2429Oo
Capital S,ocl ss,3g7OoO Floating debt, s4s5466
The New-York correspondent Of The National Ltte9i
qcncr makes the following remarks upon the loan Of
the Illinois Central Railroad, in the market
The Illinois Central cent. Bonds already negotiated
in London to the extent Of Sj0O0O00 sell there at l05
cont The first portion Of that road is in operation
The Federal Government gave the State 100000 of
lsnd which the st e made 10 the Company,
don that it should build the road and get fifty miles in
operate in two years On receiving the land the Com
! pasy deposited 100000 with the State Treasurer,
guarantee Of lis good faith 10 be returned the compile
ton Cf the fifty miles when the States right 10 sell the
lands would good. On the 23d ult the section from
Lsstlle to Bloomington siXy miles completed and
tle cars commenced running. Twenty-Five miles Of
te roe about 10 be finished aud the 4th Of July
! ll5 miles will be in operation.
In recognition of the ulhment by the Company Of all
the terms of its contract The State Treasurer has returned
to the Company the 100000 deposited with hn. The
/ Company sell the lands and there many
ous TO buy but the rapidly rising values Of those lands
may induce the Company to hold for the present This NJ
fords curious commentary upon the influence Of rail-
roads Those lands under proclamation by the Federal
Government period Of fifteen years and without buyers
are now in active demand at rates MANIFOLD higher than
the Cove rnmtnt rates. The railroad by making those
lands accessible 10 market impas to them high value
for the reason that they yield the highest quantities for
labor bestowed, and create exchangeabe values 10
greater amount annually than the cost of construction
| The Gslsna road ti1ords example. From Chicago
dveree three great works: the Canal running south
east the Gana Railroad running west and the great
Central Railroad, penetrating 40 miles Of choicest land
to re Ohio River The Galena Road has been in opera
ton for the last year. and has brought from lands in the
Interior which inaccessible before its construction
the following quantities to the Lake at Chicago: