Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1853-09-08
Real Estate a. Railr0ads----The
Profits Of a Road.

Real Estate Il Railroads----The
Profits Of a Road.
We last week showed our readers the
efTec, The Rail Road would have upon
our products, and the amount of tax we
should have to pay; and we now desire
to show them, by quotations f,om other
sources the effects of Rail Road upon
Real Estate and the profi,a bleness of the
stock. The Chicago Democratic Press
has an admirable article on the Rail
road as Creator Of Wealth." By the
statistics that the editor had collected, it
appears that the total increase Of the as
sessed value Of property in Michigan
since 1861, has been over $55, 1000, 900
of which Increase, three four:hs has
nsen in The twelve counties traversed by
the two great railroads of that State!
From such data, The Press argues that
the increase in The value of the wild
lands of Illinois, BY The building Of the
Illinois Central Road. alone, will be over
s40,0O0,00O! a-.
1.-The Central (says the Press is but
one OF our roads; but seven hundred OF
The four thousand miles either in process
OF building, or of whose construction
there is scarcely possibility of failure.
These will traverse the State in every ci,
rec,ion, adding value. by thousands to
every mile of their extent. And for
many years TO come. after they shall
have been completed and in operation,
will this value GO on steadily augment
ing. as the country fills up and It's re-
sources are more and more developed.
II would be difficult indeed TO estimate
the benefit 10 accrue 10 our State, in this
respect, from the Introduction of Rail-
roads. But whoever will take a com.
prehensive view of The subject; will
hardly be afraid to invest in Illinois State
bonds, or will be apprehensive tina, the
State Of Illinois will have TO resort 10 op-
pressiye taxation to NEE, her indebted
ness"
Every acre of Government land along
the line of The Illinois Central Railroad
not claimed by the Company. has been
taken mp by spectators and settlers
A few years since il could not have been
given away. And just SO j, would be
with the vacant land along the route oil
our Railroad. I. would not be bought
up for speculation, but for cultivation;
aud thus add wealth in a two.fold sense.
Now we viii give our readers few
itefns as 10 the way Rail Roads pay
The Galena aud Chicago Union Rail.
road Company have made semi annual
dividend of / per cent, leaving a sur
plus Of 100000 from sl53. 900 the earn
ings Of the past six months.
Tho Chicago and Rock Island Rail.
road was opened on March 81, for lit.
tie over half its distance, and is being
operated by the CONTRACTORS, who have
not yet procured full equipments for
frei0hting. set the receipts for months
Chiefly from passengers) show very
gratifying result, viz:
For passengers. sli7.7l0
For freight. 2s,4l0
t.
Total, Sl46,l29
The receipts of the Milwaukee and
Mississippi Railroad for July. with 70
miles Of road in operation. were sl6.-
l54.S5, against s44I0.76 in the CORES.
ponding month last year, with SO miles
in operation. The road is now in opera
ton 10 GAINESVILLE.
The aggregate receipts of the road,
from Angus, Isl, 1852, to Angus, LIST,
1853, were sl3s,92s 43, and the cur.
rent expenses for working the same
s50,44S 06. leaving net revenue of
s6S,46O 81. This lie more than equal
10 seven per cent on the entire cost of the
20 miles in observation-disclosures it Is on
~ during the last seven months of the
twelve that the road has been finished
and running 10 GAINESVILLE.
II these Railroads viii pay so fair a
profit so soon after they are pu. in oper-
alton. what would the burlington and