New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-28
Total .........'b looio|o OIL
N, imafinp the remaining months as follows:

For Novem ber........"......"$a2SW w soonoooo
Foi pse,m Per f ;h 49,. sSO5Oes Is
This would give for the lost half year on which II Is
proposed to make dividend, the sum of $24, oO3 az
erors earnings from which deduct say 40 y cent for
operapg expenses, would leave $l947O2 "a to consti-
tute the dividend fond latter deductiDg interest on
funded debit; from which cash dividend Of
centum will be paid on all general stock OF the Com
pany and the excess, whatever it may be, will consti-
tute surplus to be disposed of in such manner as may
be deemed most expedient. The net earnings by the
above estimate are about II cent for the six months
The eanD gs for November thus far, are about one
third larger than the above estimate. The line from
Beaver Dam to Portage will be completed by the 18th
of January next. From Portage to La Crosse the con-
tracts will be made in January and the line completed
in eighteen months thereafter 1t proposed to COM
pete the road from Portage to ST. Croix within four
years. Due west from st. Croix is St. Paul. eighteen
miles, and the road will be built to connect those points
ar soon as needed. This will open to Milwaukee by
the La Crosse road the immense business OF Northern
Minnesota The Circular concludes with glowing
accoubt of the prospective business Of the road after
il connects with ST. Paul.
"By TIE time our road reaches that point, a road
viii have been commenced on the west pank OF tne
Mississippi taking it's course to the south benz OF the
ST. Peter River, and theGee up It's valley and across
the vast expanse Of plain, some five hundred miles,
touching the upper section OF the Missouri; making
tributary 10 our road the southern part of Minnesota
wi lie from cur northern terminus at st Cpx as be-
fore mentioned. road TO St Paul will be in the full
tide of successful operation and thence extendir
through the central port of Minnesota on the great
route ard the Pacf, raros facilities Will be In
rapid progress bringing TO road the rich tribute OF
The central tract of that territory; while yet agau eI
tending TO the north shall fDd in state of forward
nees ii lot completed the 81. CroI and Lake Supe.
nor road bringing to the valusbls trade aud travel
of North. m VII consin and Minnesota. Our position
ard facilities will be such, az almost with certainty to
give Ms the greater part of the Iade of the Upper Mis-
sis.ippi, embracing The whole Of Minnesota, which,
with onehaf Of the State of Wisconsin, will embrace
an area equal OF the largest States OF the Union
al AZ amount OF business hey nd computation
The result arrived at by the Circular appears to
be, IN a few words, that the Company, when the d.
visions are all completed will own some 43O niles OF
railroad on a route afforiiDg .upe business to pay
good dividends, even if built in the usual way, by
stock and debt, but which, by the sale OF the lands
granted b. the State, will eventually cost the stock
boilers nothing or at worst 33 cent and paying 20
cent cvisend- par. The successful result of the
Illinois Central enterprise affords some basis for
such an apparently e,travssant expectation az this.
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