Grand River times. [volume] (Grand Haven, Mich.) 1851-18??, 1854-02-08

same dividends that Michigan Central Railroad
makes.
The position of the Oakland and Ottawa Rail-
road in reference to the Great Western and the
New York Central Railroads, is OF the utmost
Importance The connection through this road
and steamboats, with Milwaukee, city OF 10000
inhabitants and whose exports amounted the
past year to $4,000 tons, and other cities on the
West shore of Lake Michigan brings the entire
business of that section directly to the Great
Western Rail Road, that would otherwise go
South to Chicago and there be competed for by
the rival lines, whose interests are in opposition
to the Northern route thro' Canada and Central
New York.
The argument used by committee of the
Great Western Railroad Company to induce the
Michigan Central line of Railroad to subscribe
stock to that Railroad is especially applicable to
the same parties, and more particularly so to the
stockholders in the Great Western Railroad
Company to subscribe stock to the Oakland and
Ottawa Railroad.
The committee urge with force that various
new sources of business will be opened by COM
pleting new line of road and that the great in
crease of ordinary business would add largely to
Boston. Each new passenger passing over the
line from Detroit to New York will add to the
receipts of the Great Western and New York
Central not less than $l4 to the line to New
York city, or $l6 30 cents to the line to Bos-
ton.
The small number of IL new passengers per
at Sc, each would give an increased income to
fha Graot Wactarp oilrooN IF O. hS SG0 n ton
per cent on $5S5,600 capital, and the like sum
to the New York Central Railroad.
The charter of the Company is liberal in all
its provisions, allowing the company to sell two
and half millions of dollars of its bonds, at
such rate of interest as they may determine. 1t
also empowers the company to connect with,
lease or purchase any other Railroad. The COM
pany have power and authority also "to build
own, hire and use in the navigation of the lakes
and the rivers, and waters connecting the sa'ne
one or more boats or vessels for the purpose o.
transporting persons and property to and from
the ports upon said waters and to receive such
remuneration therefor as may seem just and
proper, and to exercise all the power in relation
to the management of such boats or vessels as
an individual might lawfully do"
The taxes Of the company are also fixed at the
shalt of one per cent per annum upon its capt.
tai stock paid in, including all loans made by
said company and upon all net proceeds invest
ed in the construction and stocking of said road,
for the purpose of constructing the said Rail-
road until the first day of February, A. ID. 1858
and thereafter an amount Of one per cent. on the
capital stock paid in, including all loans made
to such company, and all net proceeds invest
ed in the construction and stocking of the said
road"
In reviewing the whole subject, it cannot but
be apparent to any one familiar with the resourc-
es of the country through which the road runs
its connections east and west, making it a por-
ton of one of the main trunk lines, and with
the certainty that when the roads to the Saut
Ste. Marie and the mineral regions north are
built, that the concentrated business of these
lines must pass over portion of the Oakland
and Ottawa Railroad to reach Detroit and also
the little prospect Of competing Roads being
made that will divert the business from this line
together with its liberal charter, that the Oak
land and Ottawa Railroad will rank among the
first class of paying roads.
FAMOUS BUT HUNGRY.-It is said that Martin
Koszta, who was rescued from the clutches of