New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-03-10
ings sincelthe wear 1863

The North Western road is unprecedented in IT
increase, the earnings being in 1861 four times
greater than they were III 1868; Toledo and Wabash
are nearly three times; Rock Island about
double and Michigan Southern show the least
progress being only about 40 per cent greater than
in 1863 and with increase, but slight decrease
for three years. The Toledo and Wabash is a COM
petug line with Michigan Southern for the through
traffic forming connection at Toledo with Chicago
by the Fort Wayne route and running about $40 miles
in direct line to the Mississippi and Iowa. and con-
Meeting with roads that join the Union Pacific The
direction which capital is taking into these West
ern roads for permanent investment is there
fore, fully justified by the great increase
in their earnings since the Rebellion ended, notwith-
standing the disOrganized condition of political
affairs and the general stsgnatOn of trade In North
west the increase for January and February 1868, on
the earnings of 1861 is s215 000 in Rock Island, for
January, $9i 900 in Michigan Southern for January
and February, $9i, and in Toledo and Wabash
for January and February. $lO5,OOO The capital OF
Michigan Southern and Toledo and Wabash are
about the same. $2OOOOOOO. and the number of run
ming miles the same, the Toledo and Wabash run
ning52O miles from TOLEDO to Keokuk and Quincy,
Iowa and the Michigan Southern 2l3 miles from
Toledo to Chicago and lateral lines, making the
total number operated 523 miles Michigan Southern
stock consists of 10000 shares and the Toledo and
Wabash $1,000 common and 10000 preferred stock.
The Miners Journal Of Saturday says
The survey Of the route for the proposed railroad
leading 10 New-York viii be commenced soon the
weather will permit. The best route from SehuykilI
Haven to this Bay OF NewYoIk will be surveyed and a
full report prepared, with map showing the great nd
vantage OF ths route leading directly to the great coal
mart OF the country is evident that thus coal region,
which contains larger deposit OF anthracite coal than
any other in the adjoining counties prosper
any extent long the trade IS cut OF about four
months, without this cheaper outlet The Reading Rail
road, with its immense capital, carry coal
cheap and this capital II eth continuing to increase
not for the benefit OF the trade OF this county, but
absolutely 20 iDjure 1t. Such has been the
insane conduct OF its management for the last
eight years. With an enlightened management, in
stead Of $23,OOOOOO invested in manufactures be-
tween NOrristown and surrounding Philadelphia In
the Valley OF the Schuylki as reported there would
be over hfty millions invested. The Reading Railroad
has been hostile 70 every interest within its reach and
will soon pay the penalty OF its folly. II it pays dyi-
dend this year (which very much doubtJ the dividend
viii be a very small one and 1t y not likely to pay any
more for number OF years, and then its whole policy
must changed The great body OF coal lies south Of
the Mine Hill in the Schuylk region This lies near
the shipping points but 10 must be mined principally by
.b4its, which require tune VA WPeHss u PgePe'