The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-28

with two or three exceptions every company n the
List have declared either one or two dividends during the
year. Come Of the corporations gave vsy large returns
the capital invented showing that the present revenue
tariff has mot proved ruinous ~ many anticipated
The system Of Management pursued BY these companies
during the past few years. has besn different from
that heretofore pursued, and W sss the benefits
Allied In the ratss Of dividend declared We do not hear
any complaints from the East about the injustice Of
the present tariff but have doubt the mAuufaotur
en- Of that section would Be glad 10 got any mobilization
in their favor The manufacturing interest generally
y very prosperous condition. and Congress should b
exceedingly cautious about meddng with ths tariff Of
ls46.
The opening celebration Of the Chicago and Rock Island
Railroad teok place Wednesday, the a2d Of February
when the eonnseion Of the Mississippi line with Lake
Michigan by continuous line Of railroads. was sonsum.
mated In February 1851 the Legislature chartered the
company IN October Of the year the contract for
it, construction and equip aent taken; In April,
1854 the aIst estimate for work upon II vas ps and in
February los4-thrss years from IL charter and twenty
two months sftsr ground had been broken upon t-hs
work = completed and cars are running daily IL entire
lspgth-oas hundred and sghtyons miles. 10 October
1851 the company closed highly favorable contract for
the eonsruston and equipment Of the entire road By
the terms Of the contract the road WAS b completed
equipped and placed In the hands Of the company BY the
LIT day Of January 1885, for which the contractors
to receive the sum Of % os7 $685. follows
cash, In capital STOCK 900 In mortgage
and eonvsrtibs bonds bearing per cent interest,"
the contractors paying interest upon such bonds ~ they
might SELL until the delivery Of the read to the
pany Subsequently, and after portion o. the road had
bssn In operation, found that the rolhag stsok
provided for in the contract would mot b. sufficient to
oomaodats the busn Of the road Another contract
therefore entered into With the Same frm TO supply
the deficiency and also to fence the road which, together
with the right way and interest stock up to the
time Of completion and delivery Of the road swsl IT.
actual cost to about It proper TO itats that
the work between Gsnssso and Rock Island has bean d.
ysd two three weeks In Consequence Of the Do
tentiou Of locomotives belonging to the company, at Erie
But for this fact the would have reached Rock Island
BY the hrst day Of the present moath.
By the last annual report Of william Jervis Eq, chief
engineer Of the road isan that the fon,wng rolling
stock w be required To accommodate the freight and
passenger busines that will pass this roAA-2S loco
motives "a FIRST Glars passenger cara 10 second class pas
senser cars IL baggage and post oos oars 200 covered
freight sars eco platform freight cars IS hand (rspa
The business Of the rosd thus far has largely
exceeded the estimates The following table shows til,
gross earnings since Its opening to Joliet In October 1882
up to February l. 1884, exclusive OF al freight carried
for eostrastors and material for constructions
For passengers. $685. $50 SO
For freight 09849 II
For msuss.... ................. IL 100 o.
Total SAT- ,l57 81
The ANNEXED statement exhibits the quantity and value
Of certain articles sxportvd this port dus.x tina
wss ssdng and including Saturday the 2sth Of Yebrua
~ 1854 dina uishing the destinations and extent Of o.
ports to essh place
Connu OF TIE PoRf OF NEW YoRK-wnxY EXPORTS