New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-27


Decrease compared with 1856.
The land sales of the Illinois Central Road to the 22d
are 44Ol 7I3 70 against 1901 900 in all July 1856 The
crops along the line of the road looking we'll and
the country filling up fast.
Seventeen miles OF the Madison and WATERFOWL
Wis Railroad will be open in time for the wheat
trade Of the present season.
II is understood that the conferences between the
representatives Of the Erie and Central Companies
have resulted in q harmonious arrangement flr OPP
Grating the two roads. The arrangement 1t is UNDER
stood embIa advance in the rates OF fare the
dspensipg with agencies and ruoners the aooilshmen
of free passes and the sale Of tickets beyond the ter
mini Of the two roads. These all vslu sble re-
formshe last probably less essential than the Others
and the net earnings Of the roads will be largely in-
creased if these measures honestly carried out.
The representatives of the Baltimore and Ohio and
Pennsylvania Central Roads to be in town to-day
to join in the arrangements.
The negotiations between the Michigan Southern
and Michigan Central Roads proceeding favorably
and will probably be successful giving each road
fair proportion of the traffic the peninsula.
Messrs John Berenberg, &c slee & Co., writing from
Hamburg on the 9TH inst says:
Money has been much sought after at y cent
for best discounts the export Of silver to Austria
continuing, and is only partly replaced by supply
from London just arrived. This latter supply only ac
counts for the better demand for foreign bills especial
ly London, during the last few days The business IN
stocks and shares continues the most limited scale.
American securities entirely negotiated
Messrs. Stolterfoht, Frost & Co. write
"There are rumors that Government has received
ubfayorable accounts from India, and though it would
be difficult say how these could have arrived, 1t has
yet had the effect of checking business and of counter
setting the influence which the easier state OF the
Money market would otherwise have exercised The
l,oh uh ich articles have reached appears
also to create pause. =
correspondent at Logansport, Ind, writes as fol-
lows:
Leaving Cincinnati at 6 a. ~, reached this in
teresting Valley of the Wabash after comfortable
passage in the cars of The Cincinnati and Chicago
Railroad Company of some nine hours, vis Hamilton
aid Dayton Road ~ Hamilton, thence to kichmon1,
Indiana fourishiDg town Of 8 900 sbtants, with
many Indications of substantial enterprise and thrtt.
At this point the Indiana Central Railroad crosses the
Chicago Road which latter was completed and sue
cessfly opened for business the 4th inst forming
a direct intercourse by railroad between Cincinnati
and LogaDsport without change OF cars;
ON October last the Hon. John w. Wright and as
sociates leased the Cincinnati and Chicago Road for
term Of year, in pursuance OF which they have IN the
short space of eight months completed the fhen unna-
ished portion thirty mes-and placed the wnoe line
from Richmond to Anderson this Road passes
through the counties Of Wayne, Henry and Madison,
embracing Of the richest and best cultivated por-
the Road rups mostly through the Indian Reserve,
from which that removed only about fifteen
wears since consequently the settlements are COM
paratvely new but the soil appears OF the richest aad
most productive tallty. The county, the whole dis
tapce FRI m Anderson TO the Wabash st this point,
6ft,. eight miles, is very heavily timbered-black val
nut white oak sugar maple and white poplar being
he mncipsl yari. ties. S,w-mils have followed the
construction Of the Road in near proximity to eaeh
other the lumber finding ready ma ket both on the
prairies of Illinois and in Cincinnati 1. Is the nearest
lumber region to the prairie territory. The Road Tor
;ts entire length from Richmond to THIS place, l0s
miles is yerS straight and with light grades rendering
i, W, adapted for doing the large amount Of freight
traffic which must find an avenue over it. Logans-
morn /. ole town OF 5000 inhsbitans situated
AT the iuncton Of the Wabash aud Eel Rivers, the
latter of which has q very extensive water-power,
upon which are erected several mills and, since
direct railroad ction has been made with Cincin
natl new impulse will be given to the growth Of
this place.
the most able men Of the town. extensively improve
the surplus water power of the Eel River The rare
adv an,age of this locality for becoming large and
thrifty town and the focus Of important trade for
wide extent of country around, will attract to IT
whatever amount Of capital il may need. Two dams
are now constructed across Eel River within the limits
Of the town. and rapid IL the descent bottom
Of lime rock that aol this river for ten miles above,
a site exits as often every mile. Those who would
wish to engage extensively in the Touring business,
could scarcely find better point than Loganspor, 1t
being in the midst Of the vast wheatgrowng district OF
Indiana, and the gateway from the prairie. vt the
West TO all the markets VI the East. And when the
straight line Of the Chicago and Cincinnati Road
north west, Ga miles, shall be finished a. no contem-
MIA "A 10 q 9TH he tab ruh Fort