Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1862-10-28
cnleaso ana AIton railroad. Company.

This is the title of new railway corpo-
ration organized yesterday in this city by
the election of James Robb, Esq, Presi-
dent, and Joseph Price, Esq. Secretary
and Treasurer of the Board of Directors
named as Commissioners and Directors IN
the act Of corporation.
The bonded debt and stock of the COM
rany will amount to 100000. as fol-
lows: 9
First mortgage per cent bonds...... l0OO 600
First mortgage per cent preferred sinking
fund tO0Oo0
Income bonds q per cent ...1f So 90
Preferred stock q per cent 800 900
Common
Totaia..-........... 90
There are few or any OF the railways OF
the West that have encountered so many
adverse changes of fortune as the Chicago
and Mississippi, and st. Louis, Alton and
Chicago Railroad Companies, of whic1 the
Chicago and Alton, the new corporation,
10 the successor. The condition of the
road and its rolling stock, when surren-
dered to Mr.. Robb, who was appointed
its Receiver 10y the United States Court,
in November 1859, was of the worst pUs
sibe character, and but for the timely in
teivention Of his aid and services in the
administration OF its affairs, it is but rea
sonabe to suppose the railroad would
have been abandoned, and the interest OF
the bondholders entirely sacrificed. The
misfortune has been prevented by the
management AT fidelity OF Mr.. RObb IN
the execution Of bis trust, aud not only
the bondhoIders, but the inhabitants of a
large and most important section OF the
State of IIliuois have now, not only to con-
IL Al . ha 40 NJ an
valuable property. but also in icing
Guaranteed in the possession of it, on
basis Of future security and usefulness.
There is no railway line leading cut of
Chicago that possesses more Of the ele-
ments of prosperity and of an extensive
and legitimate traffic, than the Chicago
and Alton. Ii Is in the direct line of
travel between Chicago and St. Louis. and
twenty.!our miles shorter than by any 9TH
er route, and in proof Of its resources to
maintain itself, we are furnished with da-
to made M from the traffic of 1861, show
ing its receipt from local traffic to amount
ever eighty-,wo per cent OF the total Of the
year.
The Improvements made upon the road
It's rolling stock, bridges, and stations, un-
Ter the management Of Mr.. Robb, as Re-
eeiyer, have Leen extensive and permar ent,
about eighty miles of track being baHas-
ted with gravel, forty miles reiaid with
rev and enrolled iron, two-tbirds of the
line OF twJ hundred and twenty miles re-
placed with new cross-ties, the principal
bridges being rebuilt with stone masonry,
in the mort substantial manner, and the
additions to and improvements of the roll
ing stock, are twepty-three first class loco
unotiynS oDd ohonf conr bupdrad ua,r a ,, a
rebuilt box freight. platform, coal and ea;-
tie cars, and sixteen passenger cars.
We learn that no change will be made
in the corps Of firers and employees, EN-
ployed by Mr.. RJbb as Receiver, which i,
composed of capable, efficient, and reliable
men, and we doubt not that company in
augurated under the encouraging auspiee,
that now surround the Chicago aud Alton
will hereafter rank among those highest
in prosperity, character. AID credit in the
western States.