Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-03-29
The Evansville & crawfordsvillo rail


We have before US statement Of the con-
diton and prospects of the L. and G. Railroad,
from the pen Of CHAUNCEY ROSE, the Finan-
cial Agent of the Company in New York,
which we have been requested to publish
We believe we have paid this road in full for
all freight and fares over it, and are under no
obligations to the company whatever; but
as the circular exhibits the importance of this
line as a link in great chain, and the present
condition and flattering prospects of the road
for the future, which may prove OF interest
to many of our readers, we condense some
facts from the statement
When completed, the road will be 10
miles in length. The first section between
Evansville and vincennes, 81 miles, has been
in operation since January, 1854 the second
section. between Vincennes and Tere Haute,
SO miles has been in partial operation since
the first of December last the third section
will be constructed as soon as sufficient stock
is subscribed along that end of the line to
justify it.
The gravel for ballasting the second diviS-
ion has to be hauld great distance, some of
it over thirty miles Two trains have been
regularly employed on that work for four
months, and it is believed the road will be in
good order by June next. Notwithstanding
the unsettled condition OF this division, the
claims of the public for early accommodations
were so pressing, the Directors were induced
on the first Of December last, to put On a
train carrying passengers and freight once
day each wav, from Evansville to Terrre
| Haute the receipts from this source have
averaged over $3.50 per day, and are steadily
increasing.
The completion Of the Ohio and Mississippi
Road from st. Louis to Vincennes, which is
expected to be by June next, will undOubted-
ly contribute largely to the business of this
line. as it will open a route from st. Louis TO
New York one hundred miles shorter than
that BY way Of Chicago A road is in pro-
oress from Henderson, Ky, near Evansville, ia
Nashville. Tenn, 142 miles in length the
iron for 60 miles has been purchased and will
be laid down this year, the whole line to be
completed in two years. By this road an I'M
portant connection will be established.
The expenditures and liabilities OF the 4
and C. road up to the 18th February, inclu
ding the right of way, depot grounds, equip
ments, discounts on bonds, etc, amounts u
about 81, 908, 500 or SIT, 500 per mile..; fur
Their improvement, equipments and buildings
making it first class road. will probably
bring the cost up to 100000 per mile.
The Indebtedness of the Company for roI
and equipments is about $4,000, payable a
different periods within three months. Th'
resources to meet this are, S23,5OO cash oil
hand, $50 bonds of the company of Sl,OOi
EACH 167 shares of the Terre Haute anC
Richmond Road, and a balance of S3l,OOt
on subscriptions not yet due-whch it is an
ticipated will be more than sufficient.-Sal
iran Democrat.
"The capital stock of the company is a
, bort SS45000, and all but about $4,000, wa
subscribed, and is now owned, within fifteel
, miles of that part of the road now in opera
ton which can be said of ver,' few roads i
the country, aud is evidence that the roa
was wanted, that it will be managed by thos
/, interested in its success, and Will pay wei
, when finished.