Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1858-02-18
mo. l5.

1t is confidently expected that the
parties who have by Mr.. Thompson been
enlisted in the enterprise. with an sbun-
dance of capital to prosecute it energctical-
ly, will press it on to final completion,
carly the coming summer, perhaps by the
first of July.
The encouragement given in the article
quoted, and the general interest our people
in the North West have in completion of
so important a thoroughfarc, / am sure
will be apology sufficient for calling your
attention to the subject
Respectfully yours, DC,
JNo. EVANS.
PENNSYLVANIA RAILROAD.
Happily for the interests of the Pennsyl-
vania Company, the arrangements for
reaching distant points with both trade
and travel have been satisfactorily srrang-
ed with companies west of Pittsburgh, at
least so far as it is possible until the
! completion of the Pittsburg and Steuben-
vile road, and the bridges over the Ohio
at Pittsburgh and Steubenville, connecting
| the Pennsylvania with the Pittsburgh and
Steubenville and the Steubenville and
Indiana Railroads This consummation
will be perfected. it is hoped, during this
year, and then. with the Pittsburgh, Fort
Wayne and Chicago Railroad Company.
and other connections, the Pennsylvania
road will be in condition to do much
larger business that ever before.
In financial point of view there is
scarcely railroad company in the Uni
tel States that occupies the same position
as the Pennsylvania. From the last annual
report we observe that the bills payable of
the company, or what is usually demon
mated the Floating debt" on the first of
January, 1857, was Sl,7l3,605.15.-
Since that time semi annual dividend of
four per cent. on the capital stock was de-
clared and paid Tin June) and extensive
improvements were made during the year,
involving an expenditure of hundreds Of
thousands of dellars; vet notwithstanding
these important considerations the floating
debt proper. on the lst inst, was less than
four hundred thousand dollars! This re-
suit speaks for itself, and indicates the cx-
celent management Of the affairs of the
company. No similar enterprise met with
the same success last year. and it is not
too much to say that if the same wise
economy which distinguished the admins
tration of the affairs Of the company last
year, is carried out this. the Pennsylvania
Railroad Company will be entirely rid of
her floating debt; that it will pay semi
annual dividends regularly, and in the fu-
ture meet all its obligations in cash.
The great reduction in the expense Of
| Al. r. k1.
must be appreciated. This aided materi-
ally in lessening the recent organization of
its affairs for conducting the general busi-
ness of the road. The future is full of
promise for more extraordinary returns to
the Treasury than has ever before been ex-
Ipcrienced.
1t is proper to state that the difficulties
that have for some time surrounded the
Pittsbu gh, Fort Wayne and Chicago
Railroad Company have been so far over
come as to enable that Company to en-
ter upon energetic measures with view to
the completion of eighty-fv miles of their
road from Plymouth to Chicago, and j.
Edgar Thompson, Esq, the President of
the Pennsylvania Railroad Company, has
been induced to accept the position of
Chief Engineer upon the Chicago extension.
The position, however, we understand, is
merely nominal or supervisory one, and
will not render necessary the REIMBURSEMENT
of the Presidency ofthe Pennsylvania Com
pany. Mr.. Thompson will have full
charge of the whole work, and holding as
he does also, the position of a director in
the company, will be the better able to
protect the large interest which the Penn
sylvania Company has in this great enter
prise, and promote the prosperity of both.
by opening without unnecessary delay. a
complete and uninterested line of railroad
between this city and Chicago. Of the
eighty FIVE miles, between Plymouth and
Chicago to be completed, forty are already
graded and prepared for the rails, and the
company have abundant means for the pur-
chase of the iron and othor stock for its
complete equipment.