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

has never uaNeei over H. nor, With The exception OF
few miles the eastern portion, has he ever been
uron H. lie has never stepped board OF one Of
their ste ambosts, and knows not that he Is scquat
with single officer stockhoder Of the Compap-< RI
But If public noorieiy, which passes without contra
dotion NAV be considered being within the proha
bities OF the truth We may believe that this roaI
from Detroit TO Chicago second 10 in the We,
for ts perrnancncy solfdy, lie good order, its goo{
md agreeable management, and Il. appointments IN
both plant and rolling stock, and that is steamboats,
aIc unriyallcd upon the Western waters, 90 that
citizen when upon whatever steamboat may broadly
saw we in Michigan have line Of boats running ppo3
Like Erie that is not 10 be excelled for their spee
their strength their comfort their safety their eot~
ccous furniture; and when upon whatever railroad la
may happen 10 be- can say We nave OcV~F ore IN
There are other reasons why il should be CHERISHED
bv the citizens of the State, saying nothing OF the
comforts Of civilization aud the prosperity WINCH
carries 10 tie domcils Of the increasing and popuous
towns and countiss throughout which II runs; Il =
sufficient for our present purpose 10 state that has,
and will have paid the close of the present year io-
it, specific tax into the Treasury OF the state the sam
OF sI7l 600 Ci3 80 and that VIII hereafter pay 20 the
State annually exceeding the ordinary expenses
OF the STATE Government. ,
For the benefit Of those in Detroit who originally
mt their hand 10 the pillow aud then looked back and
eft IT, a few facts may be stated, which are OF cheer
r character to the stockholders csQec ally those who
took il upon their hands from the State. These facts
win show that from q poor miserable road, scarcely
worthy of tue name Of a railroad, It has oeeoais b
gigantic Institution. -, 49, .
HE COMPANY received with the roaO nom tuc State
seven locomotives the largest weighing y tuns.
Ii has now sxty-iOur of great power * received 1e
equal Of ~ single freight cars I has now loJi Ltre-
ceved POOR passenger It has now 81 OF tie rsi-
class y Of tie secedcass 10 baggage cars, and isV
hand gravel, wood and repairing cars
For me year eudpg l.t June, 1913, the gross earn
ror he 81 ,t 'r ending Isl Of june is,o they bad
% d.. wear .as: Is, june 1855 6iy we'e g5Gj Is
The increase of the net earnings has been profor'
Tomato: ,A.o 49,. seen 20, o., .
70. ,pe Year nS MSS 81 1855 LEY sere... 1900 4
Tic increase of the way passengers marks wei not
ony tic future prosloe OF the 'opp19, pS' INC .u-
creased pr.ctIe:s ~ I've sq""'pV3' l" "0 eV'4-. ?
Though wnicu It runs:
The rumier Of way passengers for tho year end o,,
hs list May 1880 was. .......,.......'''''' a.;st
T T tue .5,s .toet fss increased nee ls;s tom
Sooo sc CD ESQ, aud the hoad hss cost ~lVasa W
In afoion 20 Which he Company hes ia boa.s oi'' ~
In stock sud Bonds in the New Albany aud Salem -,
k'Is Sp SsTpI5n t p. r. K ccmi.ny. Sooo ..
In eash after paying dividends lst Of jane, 1855, -
surplus fund.-. tx . D
Within the nine years since the Company was sormcG
until the present the road has been IN ecurse M coil-
sruction or reconstruction and cravcne and ballast
ing During that time the orig ial stockhcldeTs have
received q cent in DIVIDENDS AID the holders OF the
increased stock have also received their proper quota
There has in thar Tins been paid out 81 bs earn
Al the interest upon It's lOens iroov "
Making tot q il ter,st and diilenfs.. $50 coo -
When il is considered that for SIX years OF tins time
tie Company had no Winter connection with Chicago.
and that for seven years il had Winter connection
b the East ike that OF the Great Western Railroad
through Canada and that much o. TIE time tile roac
was IN an incomplete state, the above results esAnpt
fail TO convince the most sceptcal OF Tue rehsOic Naue
of the stock. -
This road forms coniecting and necessary has IN
the rreat central route through the Northern aud
Wesem States from the Atlantic 70 the far Wes y
is oy or the Ncw-Yorl Central and The Great Western
Railroad through Canada, near direct aud air line
from Boston, Albany, and Central New York to De.
troit Thence 20 Chicago, Mississippi, aud the heart
of Nebraska the line is equally direct Al that portion
of the trade and travel of the entire Mississippi Valley
and the country beyond IT, from the south line OF the
State of Missouri sweeping around north TO the source
of that river, Including the Lake Superior mining
region Minnesota, Wisconsin, Illinois, Northern aud
Western Indiana, Missouri Iowa, Kansas, AMI Ne
blaska, which will make eastward around the head
of L0ke Michigan, and down through Central New
York, will be largely tributary TO this road
The produce OF Illinois of much Of Southern W H.
consin and Of Northern Indiana has hitherto found ia
way 10 Chicago where i, has been largely stored 20
await the opening of navigation In the Spring IL
nav 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 OF the produce Of freight
from Illinois, that of Iowa and Missouri seeking an
Eastern market has passed down the Mississippi River
Tls trade will be wholly revoutonzedb by the influence
of the railroads opened and which are soon TO be
opened across Illinois and west Of the Mississippi, and
which connect directly with the lines that run west
from the basin OF Lake Erie Two roads are now IN
course of construction across the State of Missouri
pointing TO the vast plains on the West. Two hnts
are also projected and may be expected 10 be soan
constructed through and across Iowa, from the MR-
sissipp 10 the Missouri and thence west toward the
Rocky Mountains. The DosmOlnes River u NON
being improved. and two hundred miles OF nyer
navigation through a valley unsurpassed for It's salu
brty ana fertility by any other in the Union, VIII soon
be opened to navigation giving nccesH 10 an extensive
region which has been hitherto locked out from'the
world These lines all the States of Illinois, ln-
diana and Michigan, and make TO Lake Ere. And
thew will form the channels of commerce for that la-
nense Western country through which VIII be carried
lie agricultural products, 10 carry back with the reflex
tide the merchandise and trade from the East Corn
and other products will not be forwarded to Chicago
to await TRANSPORTATION for months, when II can win
a slight increase of expense be sent forward TO Lake
Erie, without breaking bulk, over the Michigan Gen.
tal or some of the other parallel and East aud West
lines which make to Toledo Cleveland. Some OF
this trade, as hi berto, from local influences wIl
he detained Gt Chicago, to await the opening oil
tie straits at Macklnac. But In these Times,
wien the dosirc TO realize has become an nsepa-
rrble yet distinctive and necessary feature in the
business of the produce dealer bis freight will be sent
forward TO the point nearest the MARKET and from Az
the interior OF linOis-indced from all that western
country even from Arkansas and Iexas-the am
cultural products will be gathered up by these l. ist
end Vest lines, and forming, as II VIII IN lew years'
daily upon al Of them, caravans Of trains OF cars,
loadod 10 their capacity with an impetus created by
the uressure of that which n to come ana Ds
the draft of that which has preceded IT, WIZ pass ao
steadily without TO the great commercial meLopoir'
The cities around the head Of Lake Erie Will Then be
the commercial depOts of the West for so much OF inc
produce a. shall await navigation aud transportation
by canal or otherwise, between the lake anu new
York Detroit Toledo ard Cleveland viii have to
enlarge their borders and receive hundreds OF bush
uess men who are now pressing beyond, thinking, mrs
tskenly that the commercial centers Of this portion OF