The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-20


Railroad Company for the month of January last
past are $50 OF. For the corresponding month
Of last year, s32 ,76S 73-increase, $500 20.
The stockholders of the Milwaukee and Mississippi
Railroad Company have elected the following gen.
tlemen directors for the year ensuing =
John Cstlin u D. Holton 8. q. Alden E. p. Woi.ott
George H. Walker, E: D, Clinton A. T. Ray, A. Finch,
nd,id u Dsus%aD JOSEPH Goodnicn s. C. Hail. An.On
Brooks Dunv iddie T. J. Hbpetts.
John CstliD. Esq, has been reelected President.
The directors of the Black River and Utica Rail.
road Company offer for sale about 5000 900 seven
per cent bonds, with interest payable semannually
in the city of New York secured by first mortgage
on the whole road and its appurtenances. Sixteen
miles Of it, from Utica to Trenton Falls was opened
for business on the first day Of January, 1885, and
nineteen miles, from the Falls to Boonville on the
18th day Of December last, to which place trains
have since been running with very satisfactory
suits. The road has been surveyed and located to
Clayton where it terminates at good landing ON
the river St. Lawrence distance Of l0S miles from
Utica, through the populous, productive and thriv
Ing counties of Oneida, Lewis, and Jefferson, in
nearly straight line; and when completed will fur
nish tie most expeditions and direct route for the
transportation of freight and passengers to tho region
1t passes through and the parts of Canada interested
between Montreal and Toronto, north Of Lake Onta-
rio and the river st. Lawrence. At Clayton the pas
scngers and freight will be transferred to sailing
vessels steamboats, the river, or carried over
the same to the Grand Trunk Railway, at Kings.
ton, In Canada. A large local and through freight
and passenger business will be transacted by the
reed especially the Canada business. arising from
the reciprocity treaty. The aggregate value Of the
imports from and the exports to Canada, for the
year 1866, being the first Of the operation Of reci
procal free trade amounted to $50 902 $685. Of which
663 passed through the port Of Oswego dur
ing the of canal navigation, and the recipro
cal principle will probably be extended to entire
free trade. During the suspension Of canal naviga-
ton, about five months, the busine Of this road
will exceed that passing through the cities of Os-
wego or Rochester, and produce large profits, and
through the whole year It will be direct, uninter
rupted and expeditions line between the New York
Central and the Grand Trunk Railroad in Canada.
The cost Of the most elevated and expensive part
of the road and its equipments, from Utica TO
Boonville, is now 81 035 1886 rs, or about 1000
rer mile and the proceeds arising from the sale Of
these bonds will be strictly applied to the payment
of all the floating debts now amounting to $500 900.
On the unfinished part Of the road north Of Boon.
vile about $50 900 has been expended but the work
will not lie resumed beyond that place until more
subscriptions for stock have been made by the owners
of property adjacent to the road which will be raised
In value by it's completion. The directors have re.
solved that the basis upon which the construction Of
the road progresses shall not be derived from the
sale Of bonds but that 1t shall be completed on actual
stock subscriptions and payments. The prominent
inhabitants Of the region north Of Boonvlle are now
subscribing for stock literally. and hopes enter
tanned that the necessary amount Of money to pro-
coed with the work at an early day will be raised
soon, as the portion Of the road now in operation
has thus far shown the local business to re suff
cient to produce an income beyond the estimates