Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1854-12-28
FINANCIAL CONDITION.

tstsss pa 1900 payable ooo
Real estate estimated value $4,000
Total slO258l Total, . lsI195OOo
Showing credit basis OF 81 092000, while the float
ing outstanding debt against the Company is less than
$1,000 Our financial condition is not unfavCrable and
it is believed fu examination of the dongs q the
Board, with knowledge of the circumstances under
which they have operated will confirm the opinion that
the management OF affairs thus far has been economical
and judiciQus.
STATE OF THE WORK.
Concerning the progress Of the Road the past year
and its present condition. the Engineers Report which
will be laid before YOU is full and explicit
Operations have been confined to that portion Of the
surveyed route between KenoSha and the Fox River it
being the design it is the policy, to have this
portion completed AMI in oper,ticn before prosecuting
the work farther westward A, will be observed, the
main portion OF the grading and bridging between tLe
points stated has been completed An additional fact
will also be noticed in the Report of the Engineer viz
that the construction account tor work done Is twelve
thousand dollars less than the original estimate therefor
Considering the depressed state OF the eastern money
mlrket the imp S>bIiity Oh negotiating favorable
terms the best OF city rail road securities and the
consequent pcCnl0ry disadvantages under which both
the Company and Contractors have labored the wonder
should be- not that the work has progressed further
bat that when nearly all similar enterprises have been
compelled to suspend it has progressed far, at all
While Your Directors have been disposed to furnish
every possible encouragement and aid to the Contractors
consistent with the Dictates OF prOprCty and duty and
have strjven scccSstly meet all the contract
obligations OF the Company promptly it is but proper
and Just say. that the Contractors have exhibited
their part spirit OF enterprise and perseverance highly
creitable to thenla spirit which has materially con
tbutpd to the progress and which, If it continues to
be met by corresponding spirit onthe part Of the Com
pnY, must result III the complete success, OF the enter
prise 1t Is but just also bear testimony to the skill
and prudence with which he he affairs OF the Engineer
ING Department have been managed: and in lately re-
\tiIp lao To Ot
Chief Engineer which he has faithfully and satistoc
torE occupied the past year they feel that they have
rendered no Slight service to the Company
The right Of way has been Obtained through from the
City to the Fox River, with the exception Of portion
at the eastern terminus the harbor
In the estimate OF Mr.. Twining, our former Chief En-
gineer the cost Of obtaining die right of way for this
distance estimated at S47,492 The actual cost is
only St502 53-showng saving under this head
the estimate Of over $4,000.
This extremely favorable result must he placed to the
credit Of the President Attorney Secretary and Treas
nrer upon whom this particular duty devolved and
Ivy whom 1t has been successfully and udciolsly per-
formed
PROSPECTS OF THE ROAD.
To take the position that road the route of the
kcnoha and Bcoit to the Rock River with its eastern
terminus at point showing an ANIMAL export and
import trade Of three millions of dollars i'll value and
most laIo2hiy situated for commercial purposes; road
when must secure to itself without fear OF successful
competition the local trade Of eight hundred square miles
of the richest agricultural region of the northwest not
placing III the account What may be secured to it by its
western connechons-to take the position we repeat
that such work is not demanded bv the absolute wants
the country; that it will not afford handsome return
the investments required to be made and that it will
not consequently be consummated, would require dis
regard of apable facts connected with the condition and
OF thc country in question: would be to ignore
entirely the history and statistics of similar works
less iayoraby circQmstanced and would involve the as
sumption that the people along the route have neither
Il -
Hy for securing and promoting their interests. No
asonabe mind can take any such positions or make any
ch assumptions The Board entertain ia fears to
e ultimate result IL this case 1t is simply question
| time. In an ordinarily favorable condition of mono
~ affairs they would doubtless have been able to secure
Il e accomplishment of the work within the time origin
y specified And although from the existence OF
poSita >1ta of affairs IAN extraordinarily unfarorabh