The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-06

market of the highest importance. Think OF il
Over 1000 900 bushe of corn and 5000 900 BUSH
els OF wheat, manufactured and manufactured,
changed hands last year When you consider that
this Is nearly neeigh nth Of oil the wheat and corn
that found their way to tide water last year, you
will be able 10 form some idsa of the agnitude OF
the business transacted At this place.
Toledo Is rapidly becoming me of the most impor
tant railroad In the West II is the point where
the Michigan Southern Railroad connects with the
Toledo and Cleveland Raroad-the former uniting
Toledo with Chicago, the latter link in the Lake
Shore road Buffalo. These ads are in full ooera.
ton. The Northern Indiana or Air Line Railroad,
uniting Toledo wita Goshen, Indiana, a distance Of
40 miles, and there connecting with the Michigan
Southern, Is rapidly progressing and will be' in ope
ration early next year This will afford more direct
route to Chicago than the traversed by the Mi
chigan Southern and being owned by the same com
pany will undoubtedly be used for the express train.
At Auburn on Eel river this road will be Interested
by road which follows the picturesque valley of Eel
river to Logansport on the Wabash. This road will
be completed next year. The Toledo and Illinois
Railroad, which, with its Western connections, give
direct railroad communication with st. Louis, will
be finished u Fort Wayne next season, and in full
operation to ST. Louis in less than two years. This
road must prove one of the most routes of
travel in the West. The Dayton and Michigan
railroad, connecting this city with Dayton, by
way of che most important towns on the Miami
canal WILL in all probability, be completed before
The close OF 1854 It's construction from this city to
Detroit is very probable, as thereby that city will be
furnished with direct railroad communication with
Cincinnati and Buffalo.
This city is just beginning to realize the benefit re.
tutDg from the necessary local expenditures OF
VI these companies. The Michigan Southern and
Toledo and Cleveland companies have commenced
the construction Of depot upon land entirely re-
claimed by them from the river. Their improve
nents, embracing bridge across the river, and the
necessary buildings - accommodate the 20 roads,
Will require an immediate outlay of about half
million Of do Jars. TIE BRIDGE understand will be
ready Tor use 10 February. 1t is now exoecied that
the Toledo and Illinois Company will purchase depot
ground ut the other extreme Of the city, ard COM
mence making immediate improvements on very
extensive scale THIS desirable as it will enhance
the value OF real estate and increase the business
Importance OF the most del ghtful ~ rtion of Toledo
Real e-tate here is rapidly advancing. l. has in
creased our five hundred per cent in the last two
years. Many fine fortunes have been made by early
operators but advantageous opportunities for invest
ment Offer daily, st che present time. Land within
mile OF this city Is selling at from $500 to 81 900 per
acre Rents are correspondiugy high. The demand
for business houses within the past year has led to
the erection ofevera elegant brick aad stone blocks
xealiDRs are much needed.
| The Toledans have many city notions. They talk
Of park Of so in beautiful piece Of woodland
ton, which judging from the large number in at
tendence upon the lecture by Hon. Horace Mann, a
few evening" ago, is well sustained. Several fiue
ward s,hOohouses of brick are completed, and q
splendid central schoolhouse eigibly situated, Is
in progress An elegant court house is to be erected
next year. TbedO needs good MOTEL buildings The
American, where am stopping, il admirably kept
by Mr. klngnAn, but it Is not large enough for the
times.