New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-03

Conreeepg Haas In rrosres...............iis silss
WL.h .sAse % the shSss astss t5f4 90 or
ls. Of CT seens R.o.as ,rieut., ss .ai Psss
P.ls Desuls > Loes ~iia 'ss AZ .s,'e shie. - ,.
aly he at, rot Lac. eose~ars's a. tie eI'sss sss~
BUsNsss ~ rst so'o .
Z. -ouia .-er b. ses--..y 20 10 s...s,, ss
sbo~s Re 10 lecs ,e sce,aas u 'ss.ss
ssieh uP.s-s mus b. 'ns- sne eon'sl, ,oer..As We
the 81 Ia ierniiy ss -
sgus rOrtcn o. the exceeds 10 pops snoa &c sssa
o. gate iuprseese.e rrsp.se esnns. OF ne
ttouah business TIE CT, q 50 Loss VITA P'e1sioa
fsss, ehee,sns rs CO. the OF TIE su.isess
Ti.i ard to Il. ~s. 49, sSa,h a., -. :sass.s
20 .ss 20 be. ps'S,s,io' Ss -..s II .. ma, JadIsSs
put 10 the a. 20 r-..oa ., u re-
$3.50 p.r .rnu bat the oe. nee Of sss.t ssSs
le.. expect better iealt than the tsoaxh IN .sss
.,. ss-s ..t apps n. boua. Of ID, Csap.sy a.
lie sessoA Pr-ctas bis rssals ~sss The toad .h. ~
W are ..sr. q. ssIis Of IN. -srsis. sf prs
eeieS 'eI' proper, 'sceetea 60 sre. sts.,ss
.msr wn cogntr, trsver-~d BY rod snt v,ss
r,rs' uoSer.,. We brs 20 ,.nhsx
setus r-uit, ice nilsr In May
optr.i,on we zee g Che,so sos Rosa Island R.oA
Ts road the hr.t to connect the Essrs kSl-y aye
usE b, south q the LsAes chicago In ibis
sFse' s ie our road -s,ee direct eossa.'a OF sss
Ten. Hs1e AAa ~hish form. as To the ehst
Gus. rs nis. rSs Roes Island ior 100 @s b.. s,s-ss
coIups tiou with the isois csns b, the side % ws'sw
~ith AufOr, and Chics4S Rsro.d While rost
trsly removes tro" ~." es"pson .as s.' no has' sf
sry he deemed comr-unf than
c,t.pce Of about forty aud 6tv 80 %
tire .csh h.t all respect. c,me.r>
on favorable % osi; and chcs at ths isn~s. east
rr.e, 20 throw ihsf irabc over hns eoa.d.r Il
r.ety safe .s'ume ts.I our rosi ~hea eomslssa ~
sko~ least favorable those of tho Rock I..ad
Company That road delivered BY the eOasr.etsr.
n. from JSy to DeeemSer both iSes.vs h.,- s-.s
S7f itst4 the rate 0esrly 81 10000 fo the s~
eaBsy fsyeIsbe mssos ths propo i-sucoa.
dhsrr,c length toe Po6ss- so9s'o oar rod for tbs
q y,sr OF m Operations N resch S59't" II - cent
th sio-ed TOT Operating expenses the surplus
YOU'D psy ST snuus in,erst Of cen, u'os dsa o.
IS geo 90 dividend OF u cent up3n $500 90 Of
bile do prstenc - pfedi, precisely shsi thu
'sriucw b. We 90 most e'ahaeetly ssers.. our es.r.
the debt std ns... dyidsns. sPsS the .;oss
The esp. stock os.is., .eeei,y su,aor'sd hy acts q
the legislature was *@Oecr bat BY ussqs-nt sa.st".s1
the Compab, have power TO taees the amount TOT th- COO
reOn Of the ro.d to such shall Do nece, Tor ss
The .shtps .tect .ubscpti $3.50
OF which 81 ISL an has been p.h
The fiS mortgage eouv-tuee eords hesriusT v
ceoL interest, rrdsemsble In 1861. 1857 aud ls's.
Second 0 mcf,..;. convertible bopd. S..nisV
cent interest. receenshie In 1895 tof which
ga eco remso IN the hands Of the Treasurer. - -
yet rot negoated Wv w
The comp.ns have .ahoty b, .w to Scfro- .1es 81. q
money be pseessa TO complete and EQUIP .hor tose
.ne 1t sppesr' from the ,,.sss os'0" 'n' an'' prove
this been the subject OF much dsls
Grafton rhs ,omp'ny have hitherto s'oa.s hostne debt.
snd dessbi- e. ceetDus this policy There arc ais, Oh
-etor uiDg tbud mortssse or Income bond Tbs DIT
,.r-p c.se. OF securities issued by the Ccmpsny Of
rqusl value far the Company concerned In tseu 70.
h.vs in the .ss,m.tsu purchasers quite aia-rsss
value ciscmns'icD 70 thus made ID them quite aasvss
ali times for Company 20 ce'te hut ssafe morssc ":
in The ssny s.fs' Ct It's the pses smoas,
hi. uncertain II the Quiet oder May cir
second moresfe may ne considered snoosen
abe par
second be created when th so'u, seecia:s
e the road be quite eAr defined may thus De nses
ample TIE future Of tho Company and ct tina
when the expenditures sred made upon the "os 'eaSsr
n "a security bird mortgage or an TIC ,ns bose
carries with II the ide. OF Ices svsse'o security snd"
In Obi. yi.- bu fw secured sv the seossd
oss- Of our properly "nos eSsins have e.sn sssous
ns' as 20 ~ On. mseisn, 10 MAJ ali ss
ssees,ie. fthe road It's increasing bu.ne require,
dposips Of the bonds secured BY It oa 80 M may Be
creating floating deb, and also alternative Of thid
norssse while the security viii be ressded uoqaestioss
bic position OF the road ito Kent snf prpoc0 sf
| business. sre understood aud appreciated
popo-sd To snGal tbs present second mortgage
the CoGraDy and to create anew oos Of 81 90 90 81
for ths future pscsss OF too CoDpso, Tee SPECIFY
ea,is TIE so.rd Of Drsco" h.v- hs.it.tios in
| fTe..ips then opinion Of It's entire ielissiity
1Hs sosD
The tho 81 m'ds ~hen rails
h- Company hsa subsequently when Us orssaisssa
snd fp.Lces snsbd Il TO contract snd pa, for them os~
market ard oDd TO exceed he cost originally ssd
nstsc Ane~ ana CAREFULLY er,psf s'tl@., .fsy a.ts
ntsd TO the Board Of Direct which It believed .il
tn coo. OF bridge over Wabash River Lao, .sd rec.
tate ncluoin1 npaher Of hpuse o. with bulldog. "pos
ouds of III, coupsr. rendered necessary in tho nesotsa's
Of the sane aid il. a. foIlo~.
EIp.nsitures by Tre..ur-Ts statement 10 Let -. -
E.sm.te Of ,be Chief En.inesr OF co.t OF com.
tletins The road exclusive OF equipment. still
remaining 10 be d9hversd ,-'''''''''' ',.c -