New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-30

usBck its financial manager have been unjus;ly IN
iured by having their names connected win me ..sA
opersticn Of a correspondent. The payments OF ,ll'
Saheuck to Mr.. Vanderhoof were made through tns
house their interest ending WIN me pellVI VI
this service
Travel j. now beng performed between st. Paul'
Minresota, and Hew-York. % IL hours. \ Ne"-fork
merchant eft $. Pau. On Monday evening al ?. IN.
Of the 9th ins BIZ the steamer MSaukee. arrived az
Prairie du Chen on Tuesday, al p. m, took the
cars of the Mississippi and Milwaukee Road a; tor
Chicago via Madison and GAINESVILLE and the Fond du
Lac Road. and ar1ived a. Chicago on Wednesday, al
An: left Chicago at Il a. m, and arrived at New
York via the South Michigan, Lake Shore and Ene
Road last evening at l0i m, making the whole
Journey in e hours including FIVE hours of detention
The dis,auce i about 100 mes, ;raversed IN ~
herrs. or about q! miles Per hour.
The citizens Of Chillco,he making full arrange
ments to give hosptable reception TO the guests at
the opening Of the Cincinnati and Mar Eta Railroad.
The Executive Committee Of the Chicago, -.
Paul and Fond du Lac Railroad have issued a circu-
lar detailing the plan adopted by that Company Tor
completing their road a. far north Appleton which
is at present the limit they have fixed. The Com
pany have ten years in which to complete their entire
road TO Lake Superior, under the terms of the land
grant, and very udicously propose to wait the pro-
r s. Of the wants Of that country rather than to push
the work forward in advance of those wants The en-
tre Grant Of land made by the Legislature IN aid OF
tlis road is 200 GOO valued By the Company at Sl7-
OoO.OCO. TIE road is already completed and being
worked from Chicago to GAINESVILLE 81 miles, and from
the junction at tie La Crosse road 20 Fond du
Lac. and il in rapid progress of completion
between GAINESVILLE and the La Crosse Junction. Inc
cost az that portion of the Road To which the land
orant attaches Is estimated at $4,000 e mile For
the PURPOSE Of extending their road Ia Appleton
about frty miles north of Fond du Lac the Company
nropose Ia make a present issue of :3,6OOUOO OF 9
cent bonds. These are a portion of $4,000 600 OF
frt mortgage 10 be issued for the construction OF the
entire work. Mes-rs j. j. d. LaLer, VIM 4. Booth
and VIM. b. Ogden acting a. trustees The security
for these bonds will be J0S miles Of Road subject to
the existing lien upon Us miles south of Fond du
Iacl and 100000 acres of land. This issue OF
50 COO 600 will provide for building the Road to Apple
ton and also for retiring 81 100000 Of first mortgage
bonds on the completed portion Of the Road The ex-
tension Of the Road to Appleton will entitle the Com
pany to 234 Geo acres Of land. The position OF the
Company will then be follows:
Isrrouertv will he 2lS miles of road and side tracks,
making say 2i0 miles 81 which the first division from
Chicago T." Janesyle 90 miles, including extensive
and very valuable depot grounds in Chicago, may be
valued al $3j 900 per mile, aud the remainder ot the
line Al $50 600 per Hein HI aggregate ho'o
Also 20 ioo Of land, al ay'ag" value OF so o
Total valuation. 40
G-pouwhh therc viii be bonds Of fret and only 1000,
nostgsse 'V'V'
r,....os s. 60 100
The entire issue of 81, O0OO coo will be secured by
LOCO coo acres of land valued by the Company, upon
the ba. Of the Ino. Central Railroad sales, at G9eO
900 miles Of rosd...'''''' -I'oIO
oS
MaTtsaec l<"'V'V
E1cess......................'.. sl@''o""
Tie Company will also have a. a reserve for future
contincencies unincumbered 26f 600 acres of land,
valued at $1,000 600. portiAa of e bonds are Ia be
reserved for the purpose of retiring the remainder
Of the first mortgage bonds upon the finished portion
Of the road when the twelve millions becomer rst
and only lien The bonds can be used in payment for
lands purchased OF the Company, and IN all cases
Of sales Of lands an equal amount of bonds to be
cancelled The terms of subscription are as follows:
The bonds viii be offered to The Stockholders at ~
per cent and accrued interest payable 10 cash.
% per cent LIST July, 10 per cent lst August, ~ per
cent LIST September, and 10 per cent lst October.
Accompanying each bond will be a certificate giving
the purchaser or his assigns the optional right to take
az any tine within two years from LIST OF June, lo1',
iares of stock, by paying thereon ten per cent OF
T. par value.
This stock will have the following rights and priv
'legcs
l. No future assessmeuts will b. made upon l..
A. thu bonds paid and cancelled By he proceeds OF the
,s the lands the Of such paid and Cancelled bonds
Ia from time 20 time be credited this land any future
tock hch may become entitled 70 the same pryegeh until
II shall be- made tull paid stock ~.
u share dividends aud be entitled 70 vote az al times,
Dro rata according the amounts which shall have been paid
~ CT, atet as paid upon H. =,
,rstion tie years. will draw per cent interest until
that time if prefxed TO dividend
The above liberal stock privileges or optional rights,
are intended TO be limited to the present issues OF
bonds. and the Company do not anticipate offering so
LARGE privileges issuing bonds bearing more than
per cent interest hereafter.
,arkets..CAEEruLLY REPORTED FOR TIE " 7. TRIBUNE
-A'' FRIDAY. NAV %