New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-18

The Michigan Central Railroad have made con-
uec,ion at Joliet with the Chicago and Mississippi
Railroad by road from Lake station, 30 miles east Of
Chicago to Joliet, a distance OF - miles.
The AEadletoru Sentinel speaking of the Cleveland
and Toledo Road SAYS
Its affairs at this time are in highly prosperous
condition. Il is fully completed and Ia perfect order
from Cleveland 10 Toledo. Its floating debt is pail
rud it, earnings increasing far beyond the expecta
tons of It's friends II will pay cash dividend IN DC
tober and regular scmi-ennual dividends thereafter,
equal in all probability to any other Western road
Speaking of its numerous connections says:
From Toledo the Wabash Valley Road viii be
opened 100 miles in June and IT'S confidently expected
that il will add nearly so e cent 10 the earn
ings OF the G. and r. Railroad and on the completion
ofihs line to St. Louis in the course Of the present
year l,y the Terre Haute and Alton Railroad, the IN
crease will undoubtedly be doubled. Bat its most I'M
portaut connection will be with the Mahoning Rail
road al Cleveland which, with its connecting Roads,
will form n line to NeW-lork and Philadelphia 30
miles shorter than any existing route and OF UNIFORM
gauge from those cities to the Mississippi River NJ ST.
Louis and Rock island. The circumstance, however,
which has the strongest bearing ON the income OF tue
Road is yet TO be named It's earnings, thus far, have
iceu chiefly on is hen line OF -7i miles, and last
month exceeded 100000, after paying tax equiva-
lent 10 IL & cent per aunum ON It's capital stock 10 The
Cleveland, Columbus aud Cincinnati Railroad Com
pany for the Of 25 miles OF their road What then
will he the amount of IFS revenue when relieved OF
this heavy burden; when its income will be drawn
from the whole road Of 2l2 miles instead Of 81 miles,
and when the roads IN connection with It ana rs
several tributaries shall be fully Completed
The annexed remarks from The Raiirood Journal
contain a good deal of truth in regard to Railroad
matters:
People who do not well appreciate our condition
think we are running ourselves by expanding
SlO0,OOOCOO and employing $1,000 workmon annu-
ally upon our railroads Did we keep up standing
army OF 100 COO men nc cost of the above sum, tho
mot
anrm. They would probably think II n very good
investment. Now if we can keep an equal number OF
men employed upon works which viii not only pay
moderately wc their cost but which are insru-
mental in adding every two on three Years sum equal
their cost TO the aggregate value of the property OF
tho country the result certainly must be fortunate
Gre wien tie condition OF TINS IS compared WIN tia'
OF foreign countries. Ills seems TO us TO DE gOod Fea-
soning. We are confident II will be found to agree
with the fact
The degree of improvement for the future will Dc
pend very much upon The next crop. 10 TINS every
eye is turned The prospect for Ill abundant crop of
wheat one Of greatest staples, was never better
than az the present moment. Such seems 10 be the
concurrent report from every part OF the country Inc
plant survived the winter admirably and looks remark
ably well. II il now only about two months before
the wheat harvest will commence. OF course this
crop will be subject to numerous peris before that
time but il is fair to presume that with 90 good asart
there VIII he an average crop. The other important
CTOIs not sufficiently aoVnnccd To enable Ne 10
speak OF the prospect III reference TO them.
The calls for money by our Railroad Companies,
though numerous must be much less for the present
than tie past year. During the past year the three
great New-Yorl roads, the HUDSON River Erie and
Central were in tie market for 50 0Oo COO Their wants
have been SUPP lied aud there IS reason why for tie
present year at least. tLcy vii DC borrowers. The
same may be said Of the roads in the states Of Ohio
Indiana and Illinois, States which hsye been the great
heaer Of railroad construction for the past four years
During THE period nearly sir thousand miles o! rail
road have been opened in tlese States slonc-a mile
age almost equal to Il al Of Great Britain. IL may be
easily imagined what tremendous effort must have
been Tut forth to accomplish sach results. These
States are now pretty well supplied with railroads and
will rot call for large FOR the next four years ez-
cept 20 complete lines already Wei advanced, aud for
tie enlargement and Improvement OF Old works.
There have been constructed in Illinois within the past
four wears nearly 1900 miles Of railroad. During
tLis Period these roads could be used only p limited
extent In the next three years they viii return their
original cost in the saving effected in the transPorta-
ton OF tic pIOdu0ts Of the State