Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1854-10-06

gross earnings from local freights. and
passengers WAS about S6lOOOO. The
per eentage of local receipts to cr,ss
earnings ssveIty-two, the per centage of
eApehses TO gross receipts iortv-ive. the
receipts OF local business to each inhah;-
tant IS, the local receipts Fer SQUARE
ul!ie % territory $50 the expense per
mlle OF ROAD SIo, 500. These are facts
elected from actual experiment and can
be obtained from the officers of the Road.
That there is similarity in regard to
this Road proportionally to distance tray
erscd, is evident, in local business and
the same rule would hold good here as
there. Then allowing, as by Prof Twin
ing, five hundred square miles tributary
to our Road, and a population of $4,000
or density of about forty-hve to the
square mile, and the estimate on local
business alone, added to the Transports
ton of mails and parcels, will show a
stock dividend, even exceeding that esti-
mated 10y Mr.. Twining, in his report to
the Board when most san .uinely in 90 =
clusion he pronounces the Road among
the ten per cent stocks.
l have thus far taken one Western
Road merely. From the sixth annual
report OF the Galena & Chicago Union
railroad we CLEAN some interesting facts.
IN regard to what Western Roads can do,
Starting under influences not so fiatter-
ing as our own, it claims now to be earn
ing over $4,000 per annum for every mile
run In length, at a cost of all the work
done of thirty-nine and half per cent of
the gross receipts. This Road started in
1887, and it was difficult to raise even
$4,000 for it, at very high interest to
carry on the work, yet now the stock is
selling at from thirty to forty per cent
premium, the Road declaring twenty per
cent dividends. This Road runs through
no better country than ours. Again the
Milwaukee & Mississippi Railroad may
be quoted, in proof ola Road paying large
profits to the stockholders, the income
of which on one hundred miles amounts
to near 100000 year. And yet an.
other Road is building almost on par
allel with it, short distance north tht
Watertown & Milwaukee Road. Indeed
so confident are they in the success anc
value Of stock in an Wisconsin Roads that
Cities, Towns. and Counties are loaning
then credit and the farmers in the North.
ern and Western parts of the State arc
subscribing largely the subscriptions or
the Southern Wisconsin Road amounting
to 100000 This is certainly an argI-
ment that their Roads will be paving
Roads. when men will thus confidingly
throw their all on the die, and men too,
like the hardy pioneer ycomanry, men
whose money is hard earned and never
liable to oe directed into channels that
will not he returned with profit.
| might quote many more Roads, sim
ilarly situated to our own, where the
stock is at a high premium, and cannot
be bought, but this article is now pro-
tractt6, AMI circumstances will not admit
of much farther examination at this time.
| consider tie fact of estimate. or work
ing expenses Of our Road depreciation,
wear and tear Of materials, &c. Of no par
tlcnlar consequence or bearing here. Suf-
flee it to say that the per centage will be
very small compared to the majority OF
Roads west from the fact | have stated
before, the superiority Of our Road i'll
line and grade.
Again any tariff Of prices either of cost
or income for estimate. is not positive but
Passenger fares vary inye' sCly
according to length of Road, from two
and half cents up. Through tickets
from onc-fourth TO one-h half less than way
ticket. Freight from three cents to five
cents per ton, according to the nature of
it, the value and risk, grain being about
one and a quarter mills per bushcl per
mile.
| had intended giving full system of
statistics, in regard to the exact agricul-
tural developments Of the country ti'ibu-
taay t. our Road, but admit the City as
sessments at 100000. and the Country
lows at 100000 valuation as given by
Mayor Sholcs in his thir Inaugural, and
we have ample elements ola paying Road.
1t will be perceived that as yet | have
spoken Of the Road exclusive of connec-
tons east by the lake or west by posi-
be connections, with other Roads in
prospective.
This point was presented to the Board,
and published with map dellncatng full
ly the matter. and | am happy to have
conferred with some prominent Railroad
men, who unite in giving this Road a
prominence of position that must tell, at
no distant day, largely on the reciprocal
growth of City and County, and in rich
returns to foreign and home investments.
WILLIAM II. NOBLE,
Chief Engineer, X. & B. r. r.
ENGINEER'S ,JFFICE,
kenosha Oct. 2. 1854. {