Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1855-04-19

cago, the trade of the Des Moins valley has |
now to pass over, shy $50 miles of railroad,
hence, during the summer months, it may
be taken by vessels TO Buffalo, and thence
by railway to New York. But, from the
first Of November until the first Of May,
the period during which the summer pro-
ducts are made ready for the transporta-
ton, lake navigation is closed, SO that the
whole distance TO market must be traverscd
by railroad. The distance by railroad from
the Mississippi river to New York is 1895
miles-to Boston $50 nles-to Philodel-
phia | $50 miles-and to Baltimore l,240
miles. From the various points in Iowa
Fort Des Moines, Oskaloosa, and Otlumwa
the average distanse to Chicago is 35l
miles, and 10 St. Louis, via the North Mis-
souri, Railroad, 299 miles. Let us suppose
the North Missouri Railroad in lartial OPP
Grafton. Is it easy 10 imagine the products
of Minnesota, Iowa, Missouri, seeking a
distant market on the Atlantic sea-board,
when home market, as 1t were, would
thus be opened 10 them in st. Louis? On
the other hand il no such home market is
made attainable by some such channel as our
enterprise contempates, st. Louis may as
well content herself to be deprived Of this
immense trade forever. Let the various
roads above alluded 10 be once complete
and an established channel eastward will
defy all attempts TO direct the current of
trade in any other direction. Hence arises
the incalculable importance 10 St. Louis,
and to the State of which she is the COM
mercial metropolis, Of speedy completion
of the North Missouri Railroad. We So
licit your especial attention to the remarks
and illustrations of our chief engineer upon
those interesting topics.
We beg leave to ask your careful atten-
ton to the Chief Engineers estimate of the
probable amount of business 10 be done by
our road. 1t is based upon statistics COM
piled from reliable sources, exhibiting the
products, the ratio Of population 10 area,
and the aggregate population Of the coun-
ties through which the road will pass from
the city OF St. Charles TO the point of inter-
section with the Hannibal and St. Joseph
railroad. Stockholders and others inter-
ested, will, from it, perceive that if the road
was this day i'll operation, with only the
population and products of 1855, that the
portion of the road from St. Charles 10 the
Hannibal and st. Joseph Railroad would Of
itself yield a net profit Of nearly eleven per
cent per annum on the cost of the construc.
ton of the road from the city of St. Louis
to the Hannibal and St. Joseph railroad, and
in the cost of construction Of the whole road
of about seven per cent, per annum. But
as The work progresses, the population and
products of the counties through which il
will pass must largely increase, both from
) the natural causes which have hitherto oper.
) ated, and from the additional impetus TO be
given by the construction of our railroad
The actual profits of the road then, in the
first year Of its operation, must very mate
rally exceed the results shown by the esti-
! mate of our Chief Engineer. No estimate
Of profits was made for the business nri-
sing either on this side Of St. Charles OF
beyond the Hannibal and St. Joseph rail.
road, as the estimate given is deemed sul.
iicient 20 illustrate the general promise Of
success which is offered by our whole enter
prise. The rapid increase of population in
Macon, Adair and Schuyler counties will
beyond doubt, by the time the work ap.
proaches them, render that division of the
road fully as remunerative as those south Of
it, 10 say nothing of additional causes, oper.
ating still! more largely in their favor, in the
rapid construction OF numerous railroads
leading towards them in the State of Iowa.
The report Of the Treasurer, which &C.
companies this, will inform you ofthc whole
amount Of receipts and expenditures of The
, Company from its first organization to thu
present time. 1t is TO be observed that tn,
ex preston .capital" therein, represents on
" The amount of stock subscriptions, with
5 out including either the subscription o
l $3.50, 900, proposed by Mr.. Rollins, or TIL
4 loan of State credit.
All of which is respectfully submitted b,
: order of the Board Of Directors.
o ISAACH. STURGEON, President.