New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-07


go 81 s. iss s sSsns &. 81 June $50 ss ,' a n
ASa @ he ,s.i sHsli j., j. W hey s Is
The increase OF the net earnings has been proper
tomato.
Fos Jess ending May ST. Isse they SO
Fer the year ending May 81 1855, they ~ere'' "so ." .
The Increase Of the way passengers marks vel not
only The future prospects of the Company but the in
creased prog ress in The settlement OF the country
through which Il runs
II. usmseT q way pss.,nssr' for the yea END s-,
For The year erdus jit OF Nay, lS55......... JblS
Tie esIl.l sock has Increased snee isie irom %
In addition n Which he CompSuy has IN boats. $3.50 o.
IN stock and Bonds n the NeE-Ahsny and salem . -
A5s h Bod. 81 tas 5ois C. r. r. Company $1,000 90
In cash after paying dividends lst Of June, 1888
surplus furd..--. ...........t.sss..ss ~s'tD %
Within the nine years since the Company was formed
until the present the road has been in course Of con-
s;ructon or reconsirIcon and crawling and ballast
ing Durnf that time the oris nal stockholders have
received % T. cent in dividends and the holders o. The
increased stock have sO received their proper quota
There has IN that iine been paid out Of the earn 49,
ues q he road in dvide1df tne sum oi... ~5t4b %
And 10 the vPou rs loans ls5b0 %
M.lpss total Of Interest and dviends..... s5s7Oo6
When it Is considered that for six years Of this time
The Company bad no Winter connection with Chicago,
and that for seven years Il had Winter connection
with the East like that of the Great Western Railroad
through Canada, and that much Of The time the road
fail 20 convince the moet scepca OF the reliable value
Of the stock.
mis- road forms connecting and necessary link in
fhe great central route through the Northern and
Western States from the Atlantic 70 the far West. IL
i over the New-YOrk Central and the Great Western
Railroad through Canada, near direct and air line
from Boston, Albany, and Central New-lork. 70 De-
trot Thence 20 Chicago, Mississippi. and the heart
Of Nebraska the line Is equally direct All thai portion
Of the trade and travel OF the entire Mississippi valley
ard the country beyond Il, from the south line OF the
STATE of Missouri sweeping around north 10 the source
Of that river, including the Lake Superior mining
region Minnesota Wisconsin. Illinois, Northern and
Western Indisna, Missouri, Iowa, Kansas, and Ne
brsska. which will make eastward around the head
of Lake Michigan, and down through Central New
York viii be largely tributary 10 this road.
The produce of Illinois, Of much OF Southern Wis
cor sn and OF Northern Indiana has hitherto found its
way 70 Chicago, where II has been largely stored 10
await the opening OF navigation IN the Spring. II
may be said that il is this item of trade which has
more than any other built up and sustained that city,
While this has been The course OF the produce Of freight
from Illinois, that Of Iowa and Missouri seeking an
Eastern market has passed down the Mississippi River
This trade will be wholly reyouioned by the influence
Of the railroads opened, and which are soon 70 be
opened across Illinois and west OF the Mississippi and
which connect directly with the lines that west
from the basin OF Lake Ere. Two roads are now in
course of construction the State OF Missouri
pointing to the vast plains on the West. Two lines
are also projected and may be expected TO be
soon constructed through and across Iowa, from
the Mississippi 10 tie Missouri, and thence west
toward the Rocky Mountains. The Desmolnes River
if now being improved and two hundred miles Of river
navigation through a valley unsurpassed for lie sald-
briy and fertility by any other in the Union, viii soon
be opened 10 navigation giving access 70 an extensive
region which has been hitherto locked out from the
world These lines all cross the States of illinois, In
diana and Michigan, and make 10 Lake Erie. And
they will form the channels OF commerce for that inn
meIse Western country, through which will be carried
lis agrcutu al products 10 carry back with the reflex
10 oh puafa m
and other produce will not be forwarded 10 Chicago 10
await transportation for months, when II can with
eight il crease of expense be sent forward TO Lake
Ere without breaking bulk over the Michigan Cen
trail OF some Of the other parallel and East and West
lines, which make 10 Toledo or Cleveland. Some OF
this trade, hitherto from local influences, VIII
be detained at Chicago, 10 await the opening OF
the Straits at hackinac. But IN these times
when the desire 20 realize has become an insep-
arabic yet distinctive and necessary feature In the
business of the produce deglr, bis freight will be sent
forward 10 the point nearest me sarket ana from all
the interior of linOis-indeed from all that Western
country even from Arkansas and IeX1s the agn
cul ura products viii be gathered up by these East
and West lines and forming Il will in few years,
daily upon all OF them, caravans OF trans OF cars
loaded to their capacity, with impetus created by
the draft of that which has preceded IT, will pasa along
steadily without TO the great commercial metropolis.
The cities around the head of Lake Erie will then be
the con mercia depOts of the West for much OF the
produce as shall await navigation and transportation
By canal OF otherwise, between the lake and New
York. Detroit, Toledo and Cleveland will have to
enlarge their borders and receive hundreds of bust
ness men who are now pressing beyond thinking, mis-
tskenly that the commercial centers of this portion of
the Union will be further west.
Some of the avenues by railroad are now open 10
the Mississippi as 10 connect the Michigan Central
Road with the intermediate country as well as with
that which il beyond that river at various points from
Cairo to Dubuque particularly az st. Louis, Buring-
ton, and Rock Island From these points, with what
may be termed the Joliet cutoff the freight, without
lr,u hull Dafr 70 l..
from thence eastward, with far more economy and dis
patch than it can be carried to Chicago Such is to be
the inevitable of the freight Of the western
country, TO which we have referred. Its volume will
be constantly and steadfastly increasing, in ratio
equal TO the general settlement and improvement of
that fertile and inviting country. This ratio is too well
established by the tables and too well known
and understood 10y business men, 10 require demonstra
ton. II is sufficient to say, that the annual emigration
into this great REGION is nearly equal 10 the present
population of the peninsula OF Michigan. That annual
ly the wilderness reclaimed TO extent equal 10 size
10 many of the Kingdoms or empires OF the old world.
Their dukedous but.the Ike of counties, and
our Western States exceed the magnitude Of their
kingdoms.
As goes the freight and commerce, 50 will 20 the
passenger business-they will follow together. Suoh
being the case who shall compute the future business
and profits OF this road Or who shall comprehend il
even in imagination
Hitherto its business has bsen unproftable-lateIy
lis receipts have been enormous When compared
with the extent Of country now opened 10 il through
its numerous tributaries its business has hitherto been
drawn from limited area Hereafter, with THAI pru-
dence and character with which il has hitherto been
managed il cannot fail 10 lay up fund sufficient for
the construction, and for the sinking fund.- but also
largely 10 increase its dividends. So that in a few
years it will have substantially paid OF its debt and
given IN dividends TO the stockholders the par value
of the stock. PoSTnC.
Market'"CARETuLLr REPORTED FOR The TRIBUNE