New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-30

The Report Says
"The Funded Debt was diminished by the Bonds
cancelled up to 3lst December, $l27 600 and will be
materially esseped the present year. as the h1s note,
for lands cold in 1855 come to maturity The sales Of
land the present year promise 10 exceed IN the aggrege
those of 1856, and the advantages for investment in
Illinois are drawing to that Safe many OF the most
substantial and prosperous citizens OF tine East Inc
capital account Of the Company for permsnent expen
6ifures w.s augmented during the year 1856 by
80 3OS 5S4 I5 The original contractors for the con-
with one exception the La Sale Enbankmert which
will be closed on the LIST OF March. During the year
the last II miles of the road have been completed
pskirg 704 miles now in opef nation; the last rail was
laid on the 27th Of September. This portion OF the
ROAD was in progress three years. the structures are
nearly all of masonry the road bed and construction
more complete than on any other part OF the line
During the year the contracts for fencing have been
puzzled forward; Sl09764 As have been expended
under this head. The expenditures for station build
pes $144O80 81 include the large warehouse at Cairo
The arrangements for the supply of water are still in
adequate although s47 026 g3 expended upon this
object The additional equipment provided for the
road cost $3.50 343 1912 locomotives, II passenger
cars 226 freight cars, besides shop machinery and
TOOLS One of the officers of the Company has devoted
The year TO the examination of iw land titles and to the
settlement of the upadusted rights of way this inves
tgston which II nearly concluded has given 70 an
expenditure of $l13 78i Is for rights of way. 1t hiss
also been deemed essential to the Companys interest,"
in anticipation of future wants. to secureDo property
near Cbicsgo La Sale, and other important points;
bis provision has Co 1898 zoo o. It's found that the
orig ina reservations for station purposes were made
quate and they have been increased wherever practca
be The nsIuctops at and Cairo improving the
evees filing the reefe- work. &C., were very essen
tisl and have coet S34 626 a. The balssing OF the
road hes not been prosecuted to the extent intended
becsuee the unexpected increase OF business durog the
Summer and Autumn demanded tts service Of all tbe
motive power of the Company. Directions have Zen
given to male the requisite engagements of the side
racks provide additional water stations, replace the
temporary work of every description. and prosecute
the fencing and balasting with the utmost rapdity
the evee at Duneith and the completion of the side.
track at La Sslle there are no heavy expenditures re-
quired at any particular point, bat: 10 de.s the
require ments of 700 miles OF new road call TOR careful
superyision and lie conceived to be sound policy to
place the road in the moet efficient working condi ion
at the earliest moment. The business Of the road Is
developing se in advance of the most sanguine ex'
pectations. II evidently necessary to comply with
the views of the officers OF the Company. and furnifh
more motive power and cars for immediate service,
and contracts have been entered into for go cars and
SO coal burning engines. 1t Is intended in future to
manufacture the equipment required for the Company
ten acres of ground in the city limits Of Chicago with
buildings and machinery complete, and large stock
of csr materials, have been purchased. From this
establishment from 60 to 10 cars per month are nov
Icing delivered upoo the track. Of better qualify
than any heretofore acquired by the Company, and
With much greater economy than in previous pur-
chares. To meet the expenditures for construction
unit during the present year, and to quidate the
os ing debt it 10 proposed to enlarge the present stock
from 10 900 shares TO 2 900 shares. Tnis will rep
recent the scusl cost Of the road and should be DIS
tbufed 10 the present shareholders so that each may
receive his share Of the ssue in just proportion to
bis present interests.
The dstsis of the operations Of the land department.
we gave in our previous notice. showing the aggregate
.ales to have been $40 7l3 22s, and the remaining
529 7s9 acres to be estimated as worth $23 3S6, 49,
at the average of the sales of the past year Ia r.
tior to these lands Mr. John Wilson, the Land Com.
missioner, remarks
"This il is evident would not be reasonable or
busines like estimate, the lands are surely and rap
idly Increasing in price ana vaue Ihls TOO, aside
from the value of the town and village property, at the
stations along the line Of this road. The tables of eta
tsties of those towns and villages show their increase,
and TO come extent the increase Of the country around
them but snfcent time has not yet elapsed to ensble
eres,e. Within two or three years more, think you
III find il extremely difficult IL not impossible 70
transport the product Of theee lands to market with s
TIE rolling stock that can be worked on sugle track
ssIIluois With q pcpulation at this tine of about
800 OOO has bright and cheering prospects for the ia
ture; and her evident tendency Is TO trout rank
among Der sieter States in power wealth sud populs
Crest Late' the Mississippi and the Ohio, gives every
able outlet at ell seasons for her products The
rapid settlement and Improvement of her lands and
tie pioportionate increase 10 the value Of her real es
tate. will in few yexrs make taxation very light
While the energy and enterprise of her citizens are
pressing ward every MEASURE that will ADVANCE her
eallh or prosperity. Ii Is no almost sn axiom that
tie interests of the State and of this Company are deu
IA a. and there be doubt that the State IA falv
a. Iuch indebted to THE Coppsoy for the prospects,
sbove inestoled y this Company can be regarded g
n Dc bid 10 the Siste.
This virtually Sdmitfed in the recent action of
the stature refusing 10 tax the equitable iateresu
Of fboee who purchased lands because sach taIicg