, 1861-03-02
ILLINOIS CENTRAL RAILROAD.

The ANIMAL report Of the President, Super.
tntendent aud Land Commissioner Of the I'LL
nois Central Railroad has been received. It
shows TINT the road has been economically
and most efficiently managed, and TINT it is in
highly prosperous condition. Every citizen
Of Illinois has reason to be proud Of this
great work. The recent addition Of Gov. N. P.
Banks to Its management Is most important
acquisition, both to the road and to the inter-
ests Of the entire State.
From the report of the President, VIM. q.
Osborn, Esq, We make the following extracts; ;
TEE FUNDED DEBr.-On the let Of. January
there were els 253 500 bonds due in 1874 ss3a Of)
dne in 1855 and $s6, 40 due at other periods In
REsESCE.-It may safely be assumed. .ba, the
tnaag1e from the road will pay the expenses, State
tax, and interest on the debt. Thns the road
ceases to be hnrthen npon the lands. The cor
the results Of the actual business last yeaF The sum
Of $So,6H net, was obtained beyond the State tax
and expenses, and We have already gained Sill
income should exceed el,a9d,o0Q this year, whGc
the Interest charge on onr bonds cannot exceed
fRosPEcr1yE ETKAFF1c.--nlnofs is literally over
flowing with the late remarkable harvest, for which
there is active demand, especially for the South
esn markets. The steady increase Of tonnage de-
pcr1nanence Of the EeFth and South traxaie, aad 1
there ia greater variety Of products end merc1un-
disc carried over the Gue than In earlier years.
The 6hoapness Of fuel nlu=t soon lead to thr ii.
crease Of the manufacturing interests in Illinois.
thus rendering our Income less dependent npon
the harvcsts. The road ts well maintained the
working stock Is sufficient for traffic Of three and
years only fssss have been expended I On -. The be
toad and working stock
IANnFn PRapEnrY.-ft fs ten ,.aor oro ,s,nn a..
act Of Congress Conferred upon the State Of Illinois
the grant Of lands. In 1851 Mr. Robert Raptoui.
With marked ability presented to his codirectors
and the .pnbl3c; bis views Of the effect upon the
populatlon and resources Of Illinois, By the con-
stTnctaon OF this Hallway, and tho consequent ad-
Saaee ia the valus Of proPey Mr. gantoul Pre-
1,7o0 900 population in Illinois. and that land., In
twelve to fourteen years. won1d command S12 %
per acre The reasoning va. conclusive to his a.
eociates In face Of tle fact that Illinois counted at
that period only $4,000 souis, with epace cover
Ing nearly 1890 Square miles, in the e1ntrc Of tho
ta9 aea5y de.ifnte Of popu'a,ion md that
state we're offered to. sale BY the Government, At
<1.s5 per acre. Al LATER day, TIE Directors lad
to contend with pre}ud;ces IN regal to the heah
that the Govus nmeilt lands In ulinois, and tLe
States west Of IL, would FOR generation ut Ieast
At $lhper acre, prevent any prairie lands. desli-
The great oxtent OF the Land. of the Northwestern
against the talallment of Mr. Ean:oul's presic-
tfous, and one which time alone could solve. T;Ee
Illinois prxirea have proFed to be perfect;
healthy, and the supply Of coal aud woad IL ample
TIE pioneer has gone beyond Illinois 10 Kansas
md Nebraska md has Discovered practically, tho
Those elevated arid regions. d1y In summer and
cold IN Wtut.r are too near the great desert of al
most pc,patqal dsou,h., The government sur
thirtyAevensh and forty second par-iic1s hss bees
reached; and that the annual ontpdarieE Of tSo
Eastern 5tates will settle upon The lands q Illinois
and Iowa The mort important CROP that Of ludian
corn Is nucel tain In the Statee North ofthesc; and
erety Aesaon, 3Rrmers move down from Minnesota
lnste Of Illinois. So long IS Missouri and Ken
tucky continue HlRyc States, the lands in those
states will not compete with tho lands Of Illinois,
end this State will stand tn relshcn to Missouri as
absorbing the rnigration, and the value Of ia1d
will Increase In direct ratio with the eain in popu
iation. The census OF 1850 shows 1,72s 900 popua-
IN population Of The liz Northwestern States viii
IN the Last ten years is within her borders. The
vaine ot lana has quadrupled in these ten vears-
tne hde &c Of emigration to Illinois is constant and
It seems demonstrated that land viii double IN
Faine' nence INFER that the unsoId half IF our
iands III. durng ths nert ten years, command
and to securo this. syoe,d suggest the noIicr y;
Feservng single sese from tse xhef aedpet:a; ades:Sr;
np4sxIs OF one million Of dollars Of EseE ma5e X
1875 upon which parties have failed to rcsponn -
their c2gaG ments oa+ net sales are s3s 4G1o0
acree nj an averaga Of &126f pes sacye,-tl5paSs 81
esnt, Or Niss$ $as ha!o been collected ID caan. II
The sverige Of tla61 includes the earlier Fa.es At
SIX to nine dollars per aero. E!ery acre sold for
settlement adds to The vslae Of ihe fenxtnde;: :and
follows:
.a6n s7s .eres at f14 sT fsrk aas asa