New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-25
he felt confident would maintain its position and
tnue to make ample returns TO its stockholders

tinue 10 make ample returns 10 its stockholders
The terminus TO avoid the inclined plane at Mad
Mr. Il stated progressing rapidly Some changes
had been made in making the work stable and permanent
in its character and the cost would exceed the ,s
mates II would amount TO about $4,000
In to reques ola gentleman present Mr. Brough
extended his remarks to the state Of Railroad lines in ILL
nois lie gave elucidation of Illinois Stae policy
termed and the obstacles that had been thrown in the
way of the direct communication between Terre Iaue and
n Lous That policy he said argued in few words
build the crooked lines first and the straight will
build themselves aftrwards-b if the raigh lines
built fr the crooked ones will be built" Thehos-
tty to the straight line that it too good thing
still Mr. b said it making its progress, and though
it might have further obst ,cles to overcon. is
eventual success not matter ofdoubt II had all
the elements of strength and value, and would command
II might be good State policy to build crockett
lines before straight but capitalists would hardly be
caught by such shallow bats.
The Stockholders voted unanimously further issue Of
$4,000 OF bonds making the fall amount of 100000 per
mtted under the mortgage the proceeds to be applied to
the new termination at Madison.
After a vote of thanks to the President the meeting ad
jOurned in great harmony and good feeling.
branch Of the Madison and indianapolis Railroad from
Columbus Shelbyvle being constructed twenty
one miles in length The Stock has been taken principally
in Madison. Messrs Winslow Laner u Co, today closed
the purchase of 2OO tuus heavy Rails for this no I'd
The iron snOw here and will be at forwarded Ii il
intended complete this Road for in September next
At meeting of the subscribers to the New York Mining
Board held Saturday afternoon at No. % Wallst 4
Merwin Esq, appointed Chairman, and H. Stebbins
Secretary. Messrs n X. Cobb c. II. Brodhead and l.
Kellogg were appointed a Committee procure and ar
range suitable rooms Messrs A. B. Blylis T. L. Cutting
Joseph Brandon, G. NJ Tracy and j. H. Sebbns were ap-
pointed Committee to draw up Constitution and the BY
Laws n II. Cobb appointed President, pro tenn, and
James II Stebbins Secretary, prohm
An adjourned meeting will be held Wednesday the
27th inst, at - o'clock, at No. 90 Wall-st.
AT meeting of the Directors of the Galena and
Chicago Railroad, it resolved to build Air Line"
branch Of this Road from the junction near Fox River to
Savannah the Mississippi River; also to connect with
the road now being constructed from Dixon Fulton on
the Mississippi about twenty miles south of Savannah The
branch to be put under contract the 18th May next and
to be completed by the 18th January, 1854.
The Galena and Chicago Union Railroad Company is one
of the best conducted roads in the country and has proved
exceedingly profitable as an investment The dividends
with road partially done and it is reasonable expect
that when the road reaches the Mississippi River (which
will be in the course of the coming summer the business
of the road will be largely increased
The entire Indebtedness of the Company other than con
vertible bonds, is less than half million dollars
GAIExA AND CHICAGO UNION RAILROAD COMPANY
Consolidated Stock 1888 hs 81 Amt paid in. 397j
Stock $40 ss. 6lWO ...Amt paid 53620GD
10 y Cen:. Consolidated Bnds llC6O
7 a. Cent Unconv binds issued $4,000
q Cent do. do to he Issued I'8'oUo
Full amt Stock and Bonds s2,67aSOO
Length of Road to Fremont Cmiles)l2o