The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1856-04-16
The Lack. ana Bloomspurg Railroad.

Stockholders in tSe above road from which
we make a few extracts, which wilIbe read
with Interest," " sA
The work upon the upper division Of the
road from Scranton'lo Nan,icoke, has been
steadily and vigorously urged towards com.
plelion And such progress has been made
on this division as TO ensure the stability of
The Board 10 put !, in operation early IN the
ensuing spring. The means have been rais-
ed 10 secure the attainment OF this result, and
we feel justified in expressing our confidence
that this portion of our road will be profita.
bly, employed during the greater portion of
! the current year. H"' s.. ..,.I.a.l
Upon the southern division, 10 Nanticoke
10 the southern terminus of the road at Ru.'
peTt's, Station, on the Caiiawissa, Williams.
port and Erie road, the work has not been
driven with the same activity, except upon the
| heayy sections. In the embarrassed condition
Of the money market, and the general una
Variability of railroad securities of every kind, /,
during the last year, il was thought by The
Board that the eventual SUCCESS and prosper
/ IVY WOuiu po pIOmOtCu uy
Fastening part of the road 10 completion,
in order that the claims and character which
had been asserted for it might be demonstra-
led hy Hctual and early experiment.. Acting
upon this impression, operations nnon iha
| lighter sections OF the lower division have
been temporarily POSTPONED. 1t is, howev-
er, the purpose and expectation OF The board
10 urge forward the work upon this division
as soon as the opening of spring will warrant
it, trusting tha, by that time the necessity for
appropriating further labor and expenditure
10 the upper division will have ceased.
By the annexed Report of the Treasurer
10 the Board of Directors, it will be seen that
the amour; of stock subscribed up 10 the date
of that Re2oa, including The estimated amount
payable to the contractors was $566, ,655,73.
The amount received from these subscrip-
,ions, including the earned stock of the con-
tractors retained by the Company, was $4c7,-
946,9o. During the past year, in pursuance
or the Acts of Assembly conferring authori.
ty for that purpose upon the Company,
Trust Mortgage has been execut ed 10 Messrs.
George w. Woodward and John ]. Phelps to
secure bonds 10 the amount of 5000, O,0O0.--
This mortgage is the only lien upon :he prop.
erly oflhe Company. The Board decided
10 issue the sum of S5O0,O0 of these bonds
which have been negotiated upon favorable
terms, and which can be made available TO
meet the requirements of the Company for
the completion Of the upper division, and
will leave surplus applicable 10 the work
upon the lower division, or to the equipment
of the road.
Beyond The sums which may fairly be con-
sidered as secured by stock subscriptions and
sales of Bonds, il is supposed that the sum of
100000 only will be required to be raised
either from stock OF bonds, in order 10 secure
the completion of The road TO the southern
terminus. it is believed that no difficulty
can occur to prevent the securing Of this sum
in such payments as 10 meet all the wants OF
the Company, by sale of a portion Of the
bonds retained in their bands, and by sub.
scriptions of stock, which we are entitled to
expec, from parties vitality Interested in the
successful prosecution Of the work Of the low.
er division.
From the Engineers Report.
Hon. w. C. REySoLDs, President.
SIR The present condition OF your Road,
is final cost, and other. information.not en-
bodied in former communications, will be
considered in the Report herewith respectful.
ly submitted;
Operations have been mostly confined du-
ring the past season 10 The northern division,
extending from Scranton TO Nanticoke Dam,
distance of twenty five miles Such sec.
tons, however, upon the southern division as
were ruling in point Of time have been stead.
Ily worked. This partial suspension of work
on the lighter sections has avoided pecuna-
ry embarrassment without delaying materi.
rally the final completion of the road.
Northern Division. division, embra-
ces all the important work OF the Road, is so
far finished as justifies the assurance, that it
will be ready for the rail on the 1st of April
next, and should the weather favor track
laying, the Road may be opened 10 Kings
ion (l7 miles) on the 18th of the same month,
and 10 Nanlicoke on the first of May follow.
ing. Could the work be Immediately re-
sumed upon the southern division, the lay
ing of superstruclon could proceed without
interruption 10 Rupert, the Southern terminus
of the Road.
Southern Diuision.-Such is the light char
sc,er of the work upon this division, that ls Sc
than one hundred ihousand dollars are requi-
red 10 finish the grading of this portion Of
your road, and ii is hoped that strong efforts
may be made 10 undertake Immediately and
simultaneously the sections composing this
division. ,..,...s.. ...l 49,. ,
VOTED DowN.-In the lower branch of the
Massachusetts Legislature, on Thursday week
the resolution 10 amend the State Constiiu
tio6, so that no person shall hereafter hold