New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-24


Debts due the bsBsHl
Specie. 1872
Calculation 3l9O64l
The Illinois Central Railroad Company have made
call Of S. per share payable 18th May circular has
been issued by the Company, which subOin:
At meeting Of the Beard Of Directors Of the Illinois Central
this 22d day OF Msrch, 1860, It was
submitted the shareholders in advance of their annual meet
ing the last Wednesday May next and tina; the reports Of the
The earnings Of the in 1899 s2l44ia g. and in
8 SS S a I'm the Of s sIs 81 of he I've pe
years caused such inactivity in business that traffic dnn
eight the sSc9 3d. In September
after the Wheat harvest business improved and In the a.t Two
deficit gave s3O5 40 for the year The
PS m Of local a. tx hsb
29th ut Of 2ss Al confirms the estimate in the December
This viii exceed the Gaming. Of 1855 and tits worthy of
that even during lSs the falling on N esn eang @
gi l 49, PISS ssy ss.ins n
9 9s o s sad r0Sse
" n to the acre cultivated in 1855 was half Of that
gathered 1886 the extended under cultivation
anticipated the working regulation and
b EVA sb1nsap hspvests and such high prices that
every available bushe Of Grain brought out, 258s2
bushels were shipped from Chicago the past year s59 after
were eSs bushes Chicago Therefore believed
Corn gathered viii be followed b az s1Po Of Of WSss
The Passenger Traffic Of 1856 benefited by the emigration
and Minnesota this has been almost entirely cut on
and the travel much reduced from the poverty OF
The lmeths decline IL oo fIU N AZ IN ndS s.u 10
90 in 1859 or sSS % deeIese we ARE nov o
the New Orleans and MemPhis-the improved working
Dubuque Line the opening Of the Grand Trunk 70 Port
san win also help passenger trac this ss5 5 and the D
these ofl556.
The working expenses for 1859 were sl4s79 g. against
sss54 in 1883 Of s6s ga r. For main;
ensnce of way and Of machinery $sO52 OF charged
thar 1853 The Fn U sSd tss
com with it. These full detail and as well as those
Of the ss ,1eI to our neres Directors oonns them
selves rearkns that the tariffs for transportation Of iresn
Is very encouraging and that Southern the Cairo
Outlet Of wheat oats -four and provisions largely in
cresss accompanied BY gain return eshts Ofsnga
$ 81 SeIn IN mind that the local traffic Of 1859
from m harvest the contrary upon one hall the line
Of oats an: barley were very asS and IT% @
Of these products were forwarded during the year while
in Of the State where hreeourths OF our sales
Winons ssndoys on the main hoe los ies snd ron
h o eIs ssdy de6cient; 6ss Os5 bushels only
Put hS s GTf popoH that the
farmers Central Illinois had no relief until the Indian corn
and s01 @, three Ins sn alan sd hd than
form twelve moS.h svious md May
opening nsation we look for receipts Of 20 eneeea
our Ierht traffic and the ndaneorn crop failed 10 the
bp .T1spoTsd from the south 70 very for local
use This experience that the variety Of soil and climate
upon this line north and south renders more reliable o COR
stsnt than any and west line upon the PraeA
In the impoverished state Of the Illinois country no great re-
and bonds collected IN 1889 The
nt,e stssto, to the Board who viii not occupy
time Of the shareholders In Tepes,ng the ieuaIAs OF ne
The Compsuys interest The Directors are reluctant to author
% sy S1 70 .HSes om the land.
bic the settlers TO Pay without sacrifice What the R afAss
haYes Of the years has been well esed BY increas
ing the value and productive power o. Their nome
Directors aware that nisePprehenson mas existed 10
management Of the Land Department and refer the share
holders Commissioner statement which they c2nh
A. the rs requst London Committee the Directors
deferred calls 1888 and 1889 although they believed then
uaed It u with gnAs:es.ed capita presenting e bs
Ps,ioa at n Of ~ .ee H. pubic e
nation.
The call OF $40 . share payable lt of February will die
ese nearly ali the Ssbenture. 1861 with most of the
Floating debt this latter will probably fall below C THsn
call made extent than was estimated 40 tue
Sterling 1851 Debeniures which supposed woui nay
been fun paid plan The entries Of u paid
shares since the LIST February have been less than the Directors
So55 o III Si to meet an
unexpec eIeney the Directors were compelled TO resort 70
credit they therefore determined end 10 the
tor s ns1i rGs deS d PROVIDE
surplus for contingencies To this end ea upon the shares
iii esscs every outstanding liability Of the Company
exc.pon OF Fesand Bonds surrendered to the
Company in P sr % Rsi' 'Ai'' 'n0 the balance Of inc
Fnrr LAND application Of Free Land bond. and
Sj,b he payments Ct debts by the call has converted
, months over 100000 Of debt into share capital
and The Director would regard their hope. and tho;. Of the
% as certain realization, the extipcon OF the
Sb the construction bonds (Of which are
oandng due in 1875 and which the sin1hg s . .aPay
Ssnbin could be provided for entirely oS ,he
Of he free Land debt 10 share capital Inc me- ~ noit
80 IrS T-oytsss. would Leave these Lands io Posltve
% Of ry.nus Tor interest upon the shares Theretoe he
aror ~ uaxinv tho in full with frse Lanu
r. mi sed plan viii resin open, and Il Is nopeo Ils &
thsss mss Free Land issue may be mnen ~
=, a. Rrs,1yiy Tn bonds mature on the Isl Oh oSPco
Over snbird OF the original issue 5000 O hAys ps H.
and We anticipate that OF those OUTSTANDING ~ an,
bonds a..
Proposals viii he Issued at early day Tor the $40 o. b
bonds OF this Company bearing cent ntetss ass 80
ls Of March, 1890 and payable On the it o. msen' RI.
which viii DO exchanged foT me freeAle "gns o M
,SHPenJ IA socIfify tE