New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-21

~ h,Snc. To- credit Income s7Os Is
The Company have expended during the past year for rails,
shas spikes Be- In the eayng Of the track OF the road the
sum e All 49, which has been charged 10 the operating
the FIRST half and the last half Of the
wear. -.
dend is ysbe January 18th inst
spSs a,5 e ,h se semsnnun contribution Of to the sink
ing fund there remained s appears from the income sccount
and steamers at cost The road and fixtures have been
we'll mainisned aud now in good order The steamers
decided appropriate this surplus considering the proper
course 20 maintain the Integrity Of the property.
The commissioners Of the sinking isnd hold IS Of the bonds
which the fund first to be invested which they have pur
The construction stock will hereafter be entitled the
dividends the other stock Of the Company, and at
therefor.
has long been deemed matter Of much interest to this
Company that railroad should be constructed between Toledo
and Detroit but until the last session of the Legislature Of
Michigan authority could be obtained from that State to
The Charter OF this Company the of Ohio authorizes
the of much Of that road in that State
The right way miles further being from the Ohio
hne TO Monroe was obtained nearly two years ago and has
contrae made BY then Northern Indiana Rarosd
Company the construction Of this fourteen miles OF road by
which everything except the rails chairs and spikes including
Sencng and aastng be furnished and performed by the
ssI wSs n@s . uiseS % Sg
fair sv.rase Of the whole line to Detroit
Air Line which will when eO%Eesd be the main line Of the
road from Shsaso to Toledo We shall then have the present
east Monroe distance Of Ia miles in order be
Monroe very limited in its business OF e promise FOX the
future BY practical extension Of this road about 81 miles
Monroe reach Detroit where there IS very large and in
crsns business This extension Is the portion of the Toledo
and Detroit Railroad beyond that heretofore assumed by
the Northern Indiana Railroad Company. We have a
road from Chicago 20 Monroe Of 2 miles 10 which add the
distance 20 Detroit and then have the shortest railroad line
between Detroit and Chicago THIS fact may show the
why authority 70 make the road long withheld from
company has been formed for the Of much
Of the road in the State OF Michigan Several of
directors have subscribed to ss stock the OF 1000 for
the sole benefit Of this company and they form majority Of
The direction Of the Company and they intend 10
the construction Of the road.
The length Of road required 10 be made about 20 miles
We believe that it win be profitable road OF itself without
considering ts value this company There railroad
connection between the south side Of Lake Ere and Detroit
During navigation there three daily lines of steamers each
between Detroit and the Cities Of Cleveland Ssndusky
Under the conviction that the value Of this extension TO the
business Of will decided question
as the ppey OF Us construction and the ease and economy
with which may be operated propod lease
road when completed and pay interest per
the full paid stock OF the company This been
contemplated connection Of road and It's importance
cannot doubt but that il viii receive the approba
JOHN WILKINSON, President
The Toledo and Illinois, and Lake Eye and Wabash
and St. Louis Roads have just negotiated $3.50 900 of
Real Estate Bonds, which furnishes all the money
hey are believed to require TO complete the entire line
py May next The bonds are based upon a trust of
sSVVVVo Oh lands at low valuation and $500 900 of
he STOCK OF the Company. These form a sinking fund
for the redemption of these bonds The lands were
received for the stock subscriptions The aggregate
length Of these roads Is 2i3 miles. running from
Toledo southwest to the State Line of Illinois.
Here they connect with the Terre Haute and Alton
Road TO ST. Leuis, and thus form direct line from
roads The Valley Of the Wabash, through which the