New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-08

Drursyviek lie Atlantic terminus anc inc ron On d
Nsrss and ultimately thst Of Pensacola On The Cult
II WIN be channel for the safe and cheap sssns
port offhevasf commerce Of the southwestto the AZ
lsnte and valuable avenue for the travel from the
north to Mexico and via Vera Cruz and the Isthmas Oh
Teh&un,cpect 10 csiis5rnis and the Pacific.
The company FAX no money from the public Isen
rosd s in tcFe progress and provion h sde Tor f'
construction throughout. But they do think me I'm.
pcs.snce os their read in time Of war 70 the genera
Government gives them strong claim TOR tne re'ii'-
zion of he duties on their ircn
svroSp REPORT
on ne Presid,n; ead DsTectoYs Of ne brann'ef ana
florida Rail,odd Company 70 Tie SsareaoIdTs
NV YosK, January, 1873,
The Directors Of the Brunswick ard Florida Railroad
Company have piessure In communicating 70 the snare
boldere he following report OF the present condition
and prospects Of their enterprse
Since the organization Of the Company IN June sstr
the Drectors have preceded, 20 the bes, Of their
ability IN carving cut the objects contemplated by the
stockbolders As mentioned in former report, con-
tracts hsve been entered in'o with Messrz Collins
and r. Alexander, BY which these gentlemen covenant
70 grade the whole sn line from Brunswick 40 miles
10 1honasyilie and the Albany Branch construct al
bridges and culyets and Ia general 20 do all the earth
work and msscrdy, ley theiren and deliver up the line
In complete order, early Ia le4 for toe compensation
OF $4,000 per mile IL pursuance Of this Contract Tie
work has been commenced energeucslIyat numerous
points along the ne and there's now grsde1 ready Tor
westward. Daring this winter the contractors VIII
have 20 miles more In readiness, and be able 70 lay
down the iron IN April 70 point 81 least thirty mules
from the seaboard The right nj w1y for tIezvhOie line
hss been acquired, Al very little cost b he Company
The UireltoTf have contracted N Eng and under to.
vorabe orcUn stsncfs f1r all The iron ras chairs and
spike necessary 90 by he trick - 1homasyIe Y
70 be tiype in parcels certain pom on every fnonth
during uis ycas, ana VIII probably al arrive IN brgns
wick 10 litfle twelve mooths tIom t tine ne
IRON IL Of hesvy T pattern Of superior manufacture
.x.A f,rf ~ fraf coaf p n rn~
Mortgsee Bonds q the Company.
UB0sT the authority granted by the Charter md voted
by the Stockholders and Board Of Director the entire
lrc 10 Theasyie md Albany has been m0rtgaged, to
secure an beue Of 81 10000 q Bonds the proceeds OF
which are TO be used 10 furnish tle iron s1f equip he
road Thee Bonds win cBy be negotiated 70 meet the
wants Of Tie Company Tor the aDoyeneuSef purposes
TIE subscriptions 70 The capital stock o. Company along
the line oil the road now reach SEQ GJ0i upon winch
payments have been made 10 the amount Of SBi9OOJ,
and eDg eueftg a. roes have been received Tor the
balance Of TIE sujscrpGon 10 the sstsfaCt3n Of the
contractor who eDteIfan fears but that tae whole
amount fubscrilcd viii be pad IA time 10 meet ther
wants
Thouch y iron fJr ,ho Brunswick and Florida Rail-
road hsz been purchaeed favorable trims, Il eth
costs more than wGs contemplated when provision was
made for IL N the conIact with Messrs, Collins ana
Alexander To provide OE this excess 10 inc cost Oi
the iron 10 furnish tho increased equipment, which II
becomes and more evdent wiil be dcnsudea by
the rahc Of the distEct ana TO Jneet the contingent
expense liHtle e. DO overlooked under estimated
by Railroad Compsnicl She, Directors have increased
the New York AMI BcstGn subscription 70 Sl,2S0O00
ten per cent upon which he's been psd in This sub
fcription Il entirely distnc from that Of tle Georgia
Shareholder IL has BEEN made up by capitalists here
upon the express undoutaDdhsg TINT only such
amount thsll be called this stock, az the Directors
shsll find necessary 20 iul tie contracts VI te Com
pany, fnish the road and maintain the creii, If the
corporation.
Interest VIII accrue 20 each shareholder according to
the TosI oCiiye Rwounts paid up The surpusoi earn
ingr ser pay evpenfos interest Bonds and the
amount paid up stock, j. % be divided among the
shareholders here and IN Ge1rga pro rata according 20
the number uf shares each yerfun holds.
Negotiations how 10 progress for tdc furtberance
OF thft portion q he plans OF tie Company which con
tcmpftos the extension Of the road from ThCmisvilie
Pens aoola and the result thal at early day be
communicated 20 the Stockholders. Arrangements are
also making for speedy and mutually advantageous
connection with the 81 Mark and Tallshassee Railroad,
which will permanently accommodate an extensive dis
tIct Of country aud, by opening arailroad comnnnca
ton between the Gull Of Mexico and the Atlantic viii
bring large mt Of buDes the uni;e roads,
period come months earlier hanoroad can be con-
fftucied 20 pensicoe.
IL may not be considered out OF place 10 refer here
the prjcct which Las becp started in Savannah, for
building Railroad from that city 20 Albany, and thence
10 some poit the Gut Of Mexico. THIS line Of read
would be q crest hCueft 10 the section OF country
through which Il would pass and Il would in no way IN.
teriere With the prospects Of the Brunswick aud Florida
Railroad The local traffic along the latter route viii
be ample lor 10 support aud the througl trc from the
Gulf 20 the Atlantic, will be FAR more tban one rosa can
aceon6odste
lLN utlAot "a tue NaFAiiAH ana haiA staut thiFN
brought forward a mass OF eilonoe sho wing fe I'M
menee results which must follow tie opening Of railroad
communication 60 supcrscoe the ocean passage around
the Cspes OF Florida Their calculations fay corrobo
rate the estimates aaic ia the report Of the brunswick
and Florida Railroad Company Of July last aud indeed
the advantages which must accrue 60 the paac and to
The S0ckholder from the completion OF one or both OF
these railroads. OpelpHble 90 require further arg
nent While referring 20 their report Of July last The
Diiecsort repeat With conf ieace tbs. the es
taes Of traffic then SCI forth heve been In every res
poet confirmed by teir suhsoqutpl examinations The
local traffic VIII ca must cone upon their hue OF road
from mCmosyilo 10 Brunswick, after making the most
liberal allowance for expenses aud Contingencies
and laying by an ample sinking mud viii leave
large surplus and ABOVE interest on the bonds aud
stock payment.
with efficient ecIso assistants, attending with "a
eiduiiy 30 interests the corporation Hereporss
tina, very hnle aeysiun viii be icund nece sary from
the original Inc C survey, and that the route presents
few difficulties or mpoihncnts 10 The rapid progress OF
The werk A locomotive and quantity Of platform
carr Will be shipped yeaCh Brunswick IN Feariary
ie meet the rst cargo OF iron on England Tue rainy
weather Of tho past eoason has delayed the completion
81 the canal from the AamahR % Brunswick hut this
woYh will be ashed this winter aud AFFORD great fsci
lilies 10 the falrd conracturs iOr procuring early AMI
cheap supplies 81 bridge timber besides furnishing an
iun,snse einouni of lumber and other outward freight
for ships from Brunswick before the railroad shall have
passcd TIE Santla and penetrated into the district
which viii yield lis most valuable uasAc. Iae opeans
Of this cansl alla development d the advantages Of this
excellent port viii he bat the toreiaste Of the benehts
which Florida Alabama southern Georgia and, ndee
the whole southern country will derive from tho carry
ing oft Of the undertakings OF this Company. Tao
national importance of this railroad from Rrunsw wick
Peutacoa cannot Cal 70 strike every attentive inquirer.
The Directors do not now intend to dwell upon this
matter hut win. al ~ early period ~ " consistent
viii, the interests OF the Corporation, communicate TO
the stockhoers the steps they have taken in regard 10
IL SOLOMON foor, President
Wm CnAJNcEY,
Amos DAVIS
1HoNAs A. DENrER ln,,o.,.x.
l,Evi J. KNIGHT,
JoHS PANE