New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-26

10 Chicago and thence to 81. LOUIS Ihas TINS company
viii he placed IN the meet favorable pos ton whoa en-
occury 10 couVete successfully for the South western rat
nc with ,be lines Of railways IN process 81 construct On
cxiehG4. cart from s. Loui- through i'1 AJtl Fai-y
10 he Lake, and through he interior TO tA5 AAln-c
ciles
~ no Other cose than That above mentioned hss g
CoInpan, gOre beyond I's own inmedats hns 10 a a
fLs ,onsruc. iDn uti or works. nor has ANY
tals 20 or enaig with any other eueI "a IL
own The Board viii confne their efforts - pefe:,ng
dovo ne and protecting their own line iee,ing lssIret
that with the extensions and connections already secured
and the early completion OF nearly finished r)ad the bl
noes which lbeIr line may confidently expect viii BE-
enough 10 tax its full scty, and TO satisfy ~ ~ r.
turns all ~ 0CkbOGers
Ii has been the uniform custom Of these C0mpanie at
frequent periods by COMMITTEES Of the Board ana oy 10
executive of hoFolghy 70 nvesga'e AMI eKi nine
TIE accounts IN all their Departments. inngialely pre-
ceong the declaration Of tue July dividend the u,uf e
animation had; also exacninafi0n oi me
and certificate account If the Companies e1en ing
fIcm tleir organization 10 that time. Although u
has not been customary TO refer 20 these eAahl ''''
ia their communications 10 the stockhoidefS so' w
Board 40 not deem roper at the present uils ~ -
So and 10 say that in G the result o tner eAtna
tons has demonstrated the accuracy ana inc pere
ity OF the accounts aad books OF the company a'r
those having them in charge. II may be Pfo'f 70 4t
hat e stock and certfco hooks hare arrays 0 TIT ~
me nfetot Of Crerv stocthoider and H<y T~ r7"' 7N
tre Of 0cocss Ia ~hO partners ~ ttec0r'rT""
- -, ,,o,,,ef y,ght 10 kaoc ttefr cOHeHts Ihe
BOARD have heretofore adopted al those guard: "Ich
ec,ued Necessary 20 accuracy and fidelity IN Their
hooks and accounts and they VIII from tune 10 uiGc i'p
rs NAV sugoes n best cal ated tn att sin this end
In conclusion beg TO suggest to the stockholdef- IN
te-e Companies few considerations, made pertinent by
the present excited state of the Pu0hc nina pane
temnoyary IN IFS Duration trust ami believe apparent
" caused by the development Of misconduct on the part
Of prominent railway managrrs-has, Tor the m'nrnt,
seized upon the financial public and caused dspressiO1
IN al railroad securities. This Is an unnatural state oil
thing, and il must be temporary Railroad securities
Ike all others, will eventually be estimated according 10
their intrinsic value. Those which are faithfully ainn-
Uttered and are based upon solid established and rem1
neIave business cannot fail in the end TO be highly ap
precisted.
the moment eOIiOund the worthy vi tue uuSsdhy rdi
road enterprises of he day. address ourselves 10 the
sookholdeIs whose agents We are, and present 20 mem
THIS report TO which we invite iner careful attention.
Less than five Year, ago Of those who now iifeS
Won with lev associates, frst organized for the CON
strucon Of the Michigan Southern Rhlfo%i' In i''l
they commenced taking up bscpuons Tor the Nohrrn
Inoiann Railroad. In June, 1852 less man e9f'eeA
months from ths time the line from Lske E1etp Chcaso
frt opened for use AT III present tune the com
penes Arc il the receipt OF gross earnings tro their
BUSH es which will not he less than 81 900 600 for the
current ending the Let 4nuary next These earn
ngs the 3l5 miles of road completed AID IN use
insure net profit large enough to pay interest upon the
entire oeJt u the COmpaaes, amt 10 y cent dsr' t@ss
pgoo 0er siock hint deJt ami stock w be phca re a.
naiLfS Of road, Which me Companies 6gce Prgcf are
conyt If to the $1,000 900 Of present revenue which
secures these results are added, reasonable allow lnce
for he natural annual increase of bu ines upon the
finished lines, and the most moderate estimate for the
business of the 100 miles yet 10 brought into use 4
will be demonstrated beyond all doubt tn At
the future eaurgs Of the Companies Will allow dviiends
liberal thoso they have heretofore paid to the stock
holders.
.FulIy believing that the stock of these Companies was
neyol mo valuable than 1T the present moment, re-
commend all the stockholders 10 avail themse YES of the
opportunity offered for eularging their investment. The
property managing belongs TO them. The new
works have in hand, partly completed and which thls
issue of stock is designed to finish for their benefit
calculated and intended to aud increase the value
OF the investment they have already IN de. At time
Ike the present it Is important tha the BOl rd feel that
they are fully md cordially sustained by the Stockholders
With view 10 give to their operations the utmost ei-
cieIcv aud enable them TO finish the works 70 the
best advantage the Board expect that the stockholders
will respond promptly 10 the call of he Company, by
taking the fist day Of August the new stock to be
awadd To them hat day and paying the instalment
then due and they hpoe that the stockholders WILL far
convenient, anticipate the remaining lnstaiments. By
doing they VIII most ofecudly strengthen the hands Of
the Boa d. and enable them TO carry out successfully the
new works which they have undertaken.
rs ordti Of tho fOaId JOHN JEWS, President
EDWIN {. LITCHfiELD, 1r asur-r
The Circular of Messs. Roberts & Brothers gives
tho annexed statistics of the exports Of Breadstu since
&, I.