New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-13

The Cbicnoo Rqiyrau Rerier one Of the entcrprisDg
Journals which did suspend after the great fire which
swept office and materials gives an interesting
of the progress ana prospects of the Iron Noun
tain Railway from which il appears that during the past
wear 81 miles Of the Arkansas Branch have been built,
and are now operation to place called Mill spring,
1874 miles St Louis, and within AZ miles of the Ar
kansas line The work upon the remaining AZ miles is
in such state Of forwardness that it is OK
pected that this part OF the road Will be
open for traffic early in the Spring. During the
yea the rolling stock of the Company has been increased
by the addition of freight cars, four frscass
locomotives three Pullman palace cars and two BloOds
patent reclining scat cars while 100 aud four
locomotives have been purchased, to arrive The
traffic this line has increased over % cent dur
ing the past year compared with 1870, and when the
line penetraes Arkansas and connects with the Cairo
and Fulton, which is identical ia interest with the st.
L. and NJ, immense business is anticipated in mar
ketiDg the cotton, cattle and lumber OF that rich but
comparatively undeyeOped State The increase i'll bust
ness during the past has been entirely from through
traffic This line is destined soon TO form an important
portion the great through North and South line FROM
81 PAM TO the Gulf Of Mexico. The Reciec saws:
The Company are preparing 10 build new freight
and passenger depos in St Louis, and have recently
Arrangements are being made by the managers OF he
Mississippi Central and the N o. Jackson, ana
nng trains only HumboldU to through 10 Column
bus KY. connecting with the l. M X, ana II ID
Orleans and Mobile without change. ~
This road the richest mineral region IN the
West the most prominent deposits of rOn-IrOn Noun
tain and Pilot KnOb-benR well-known as among the
accessible deposits OF iron iu the country and of
he best GIaty The deposits of lead in South Eastern
Missouri are scarcely less wonderful, some mines having
been worked during the past 100 years, and to-day yield
Io ahudantlv and promise better than ever before;
aud there other mines now beng worked that
y fan promise Of being equal to any found elsewhere
keidrs tie minerals named, there in the Counties
along the line of this road, several Vdletes OF IRON ore
copper nickel tin. zinc, emery hnor spar bay tes grae
(rdd and gray) marble white ana Vai1cgated cement
aad recently extensive deposit 9I hVIaeuite mas
been opened the Arkansas branch me Imported ar
tic said to be better than tns ses AT III per pOun
conception of the magnitude OF me mineral I oi
snrth East Missouri. Thousands nave EIsteu iron
Mountain and Pilot Knob IN, Tno GeN %% a o m oeTa
in that region upon the same gfand % %
ideally nexhamstble. Capital and enterprise are only
needed TO develop these mines on weah orsas fnow
under the control OF the principal s0ckhoueis y,
has been struggling along ior 10 Ses o Coppres
extended the time for its completion Tie 1oVeIhlGm.
grant Of land comprises about 200O0W acres extending
200 miles diagoAaly the STATE crossing the VIM"
RIVER AT JacksonpOr the Arkansas NJ lAtie k0ck anu
the Red River at Fulton, connecting with the
Iron Mountain Railroad Just west Of the Black
Rvtr IN Butler County. When completed. in con
neeon with the International Railroad OF rexas these
lines viii form one gigantic system and outlet to the
Rio Grande by direct route OF 1,loO miles, antT
bFng The major portion OF the products of Texas ana
Eastern Mexico into market Forty five miles OF this
road noln IRON Lte Rock are completed and an ex
land gr8ut question for the coming wear The accept
ance OF ms pOito VI the Road enables the Company 10
put into market about 100000 fertile agrIeul
tural land much OF which will produce bale OF cotton
per
universal feeling OF sympathy pervades the mcrcan-
tile community toward Mr.. Joseph Sprague the head OF
the house whose suspension is recently announced Mr.
sprague had long and successful business career In
our city, and formed the copartnershp which is lust ter.
minated with capital that would have been cOnsidered
competency in any but extrayagant age ike this IL
isfOnsdcred by those whe know him well that II the firm
coDid have the benefit OF his time and talents and
energy the several months that he has
fined 20 his residence by painful Illness Is doubtful
the s.S usion would have occurred As 10 Is the hoRse
H. helie,Al TO have sufficient assets TO pay nearly all lis
debts.
The probabilities of an early rodemptiOn'Of the bulk Of
,ho Fivetwenty loans OF the Government OF their
funding into new bonds bearing lower rates Of interest,
has ncted fresh demand for hrstoass railroad bonds
bearing the came Iste OF interest as the Fyetwentes