New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-12

I .ai rersir-s from every 3.o - %
The present Funded De5t consists OF e. ,oJ5,uOJ
Construction Bo1ds Of which sjs.O00 arr unsod.
These Bonds are secured by mortgage Of 900, 900
acres Of land and by the terms Of tue mortgage, ID
further issue Il Bonds can be n sde On tbs security
also hv mortgage Of 700 Il lies OF road upon Which
net So go go C5 has already been expe1isi, AMI
ofihe Stations Depot and other buildings incidental
thereto hereinafter descr'bed.
The navinent Of in'ercst s further secured by the
basnce. unsod Of go 900 acres Of 'rye lands, AMI
s-sossno ns upon Stock and by income Of the road
The completion OF the road is secured by tue pro-
ceeJs of3i5 600 acres Of free lands AMI b. assess
uents UPON IL go shares Of Capital stock, held by
~ Stockholders, already subscribed for, and the Ga
so,sncn's mostly paid, noiwiihs andng the severe
tines in which Of the assess nents were ma ie
The main Inc from Cairo 20 La sale was opened
for travel on the ID inst, and the Northwestern
Branches will be ope0ed on the 9TH lust, giving
con inuous Ire, from Cairo 10 Gllena, of iSe mIos.
This complies with the condif necessary 10 secure
the denoted lards. l59 miles Of track are laid upOa
the Chicago Branch, south from Chic-go aud the
track is graded and in readco's TO the rail 70 the
junction of the Terre Hau'e AMI Alton road, ~
nEes This VIII Be finished at once. The section
from Gaene 10 Duneith, Il miles, viii be graded and
in readiness for the rss in 4 few weeks II is pro
posed 70 construct a double track from Chicago l.
miles south this ia alec nearly ia read for the
rails.
Tho Depots, Machine Shops AMI Easine Homes,
are al Substantially built The lands of the Com
paDy ere being freely t4kenup. The sales from lst
October 10 =, December were p 90 acres, yieidns
s2j-. goo The town Of Bourbonnas, ~ miles ffon
Chicago, where here were 20 houses Il months ago
lasr Tow 200 inhabta r.. The business OF the com
rl,ted portion ofthe Road mas b7cn very satsiic
tory and is constan y Increasing. line OF u OF
tho laree.t steamers on the Nisss 3p about TO be
ostablshsd between New-Oreaus and Cairo, 10 leave
each place daily Rad az G .lens alOt1er wealthy
CON pary val establish daly line for 81. Paul. 10
meet tie further expenditure necessary, and pay OF
the Floating Debt the Directors prOp0ic an issue of
8 B. 900 600 T. cent. Bonds. 10 mature September !,
1900 secured by mortgage Of 3ij coo acres Fee
| ands and 70 l-tubute the rights 70 subscribe
within three years % 81 900 sha-os IN The capital
stock to he divided pro rata among the purchasers Of
tie Bonds. Tie Company have received ode.s 'or
nearly one million at 10 z cent The sale OF another
million Of thee Bonds Will liludate the Floating
Debt ard meet the proposed exPsnditurs.
Tie Republic Fire Insurance Company has
declared dividend of Il = cent payable in cash and
scrip. Also scrip dividend If 20 ceut Of profits
TO he assured.
The commercial edyices b. the Baltic are No, yery
important Cotton il a tide lover, AID Breals.lis
are FINER Consols 81 al the same as the quo
iaticn b. the resious steamer Money Wa easy.
The return NJ .o. from India continued. TIE ragu'
bad brou-b, ll0 600 in gold bars from Calcutta for
tie East India Company. The bullion of the b .nk
had insress,d = %. 455. The Nornmg HsraR says
A small increase IL IL true bu, in the presence Il
constant drain Of bullion for the Continent, and The
expectation that considerable etuX viii take pa %
20 the United States any ilcreae 10 that head IS 81
course. a matier Tor consrsruahon.
80 il appears that shipment Of gold 70 the intel
States is exp, cfed. The announcement OF the new
French loan had q temporarily uulayOrable eject
upon the funds bat they recovered.
There was good inquiry for American Securities
in London during tae week. Virgins Stock had
been freely dealt IN, and was IN strong demand tho
los price If Illinois Central Bonds attracts bayer-
considerable amounts have been purchased. Erie
Bonds are neglected the Shares inquired for a.,
low rates There i far inquiry for NeT-York
Central q cent and T. cent. Convertible Bonds