Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-05-17
The Indiana and Illinois Central
Railroad

We have before us the Second Annual Re-
port of this Company, prepared by its Presi-
dent, Judge RoAcHE, who is known to all as
one or the most efficient and reliable men in
the community. A glance at the map show
ing the location of this road, and Its railway
connections, will satisfy every one that it is
destined to be one of the greatest in the
Union.
The amount of land now owned bv the
Company is worth more than million and "A
half of dollars, and it is recommended 10 in
crease the amount to three millions by addi-
tional subscriptions. Real estate is regarded
rs perfectly sound and reliable basis for the
construction Of road, and is the safest Of all
securities especially upon Westeren lands !;
for the security is daily increasing in value
The Indiana and Illinois Central Railway,
as its name indicates, passes through the cen
ter, from East to West, Of both these States,
connecting their capitals by the shortest prac-
ticable route.
Its eastern terminus is at the city of Indi-
annapolis, the railroad center Of the North
west. By means of the Lafayette, the Pc
RI, Bellefontaine, Indiana Central, Cincinnati,
Madison and Jacksonville Railroads, all CEN
tering there, and their various connections, it
Is the most direct communication with all
the cities of the Lakes, the Arctic coast, and
the Ohio river.
At its eastern terminus, therefore, ii is most
favorably situated for securing all the business
/ from the entire region traversed by this vast
system, embracing more than half the popu-
lation and wealth of the whole Uuion, which
shall be destined for theseomtry along the
rigion covered by the roads With which it
connects at its western terminus.
At Decatur, its western terminus, it inter-
seets the Illinois Central, which opens con-
nection with the Northern Mississippi, at Ga
lena and Dubuque, and with Cairo, at the
mouth of tho OHIO.
The sources whence the Board expects to
realize the means to continue the prosecution
of the work, until negotiations of their securi-
ties can be made, without mourning any new
embarrassments, are,
The unpaid stock assessment due, sl4lS4l %
Bills receivable OBSERVATION-DISCLOSURES. 1856 l6
Bonds unsold,. ll6OoO 90
together with the proceeds of the sale OF
lands, the prospect for selling considerable
portion of which is good.
RECEIPTS.
Collections on cash stocks. sI49305 05
Collections sales OF iand........-..... 1886 IA
Collections bonds. .............-..... 1880 OO
Rents .-..-..-.....-............. VS. j.
Other sources. COO 80
After a thorough and careful examination,
the Chief Engineer has prepared an estimate
of the cost of the road, under the contract to
be completed in the thorough manner necess-
AIRY to make it first class road, amply capa-
bic Of doing the large business anticipated
! for it.
The total cost Of the road with the depOts,
water stations and rolling stock provided
for Ia our contract, is s2,s35, 5Ot
Payable, 50 per eent in the per cent, first
mortgage bonds Of the Co.. ISL .S59,e50
Twenty per cent. in stock .......... 1900
/ Thirty per cent in cash.. l,l2l $50
! The items not included in the contract, which
/ will be necessary to complete 1t, and enable
il to do the business anticipated for ii, araes-
timaied by the Chief Engineer follows
Rioht Of way. sjOU
once AND contingent expenses ....... 5OOOl
Fencing. ........... ..................... lO9,To:
Side I32OOl
Additional rolling stock $500. ........... 5000
Making the total cost of the road thoroughly
I'm shed and equipped for heavy bushes -, 100 s5l