New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-28
RAILROAD CIVILIZATIONS sHIRKED.

Rockford Rock Island and ST. Louis 9OeOoo0
Some Of these companies substantial. and II they
have not done will probably pay the interest; but
number Of that class which "aded" by the
CarpetBag" Governments OF the Southern States
Appended the latest official facts obtainabe in rela
ton 10 the several companies:
The Alabama and Chattanooga Railroad "a 5foot
guagel extends from Chattanooga Teun.. to Meridian
Mississippi distance Of 2s6 miles; with sdings and
other tracks 1913 miles long The rolling stock consists
OF 20 locomotive engines, 20 passenger cars baggage
and express cars and 400 freight The road is IN
the possession OF the agents Of the State of Alabama and
is operated by the Mobile and Ohio Railroad undera
temporary lease The latest financial statement obtain
able Is dated June 1871 and shows the authorized capt
tal stock TO be s. 100000 amount paid in $270OoO The
funded debt is as follows First mortgage
s per cent bonds, guaranteed by the State
Of Alabama 20 the extent of $4,000 per mlIe'
payable in CON- principal jan l. 1922 S52oOoO ana on
mortgages quot Guaranteed to the extent OF S9O per
mile payable in currency principal due jan l. 1882
E67sOoo total funded debt, $7,s93OOO. Tho floating
debt is reported at $5OOOOO On jan l. 1871 the Com
pany deauted on the interest its bonds as well as
those guaranteed for it by Alabama. The state has
since paid interest under act Of its Legislature
passed in February 1871. The State agreed to pay In
currency, but the Company guaranteed gold interest
The OF the road and the equipment up TO 1872 was
SlO500OO0. The Company has from the United states
lard grant OF six sections per mile of road lying within
Alabama in all amounting TO 100000 acres.
The Dcs Mones Valley Railroad extends from Keokuk
Iowa. Des Mones, Iowa. PASS miles, with sidngs and
other tracks 20 miles additional the gauge being feet 81
inches. The rolling stock last reported was as follows
locomotives passenger cars 16; baggage, mall and
express TO- and freight 55. comparison Of the
several years Of its existence shows that in 1867 with
only l62 miles of road the net revenue was $3Os,IO5
while in 1871 with 2Si miles Of road only S2550Ol
The net has been sufficient TO pay the in
the funded debt The last exhibit showed the
road the control OF the trustees OF the mortgage
A proposition had been made with a view TO rcorgan-
izng road under the title Of the st. Louis, keokuk,
and Dakota Railroad, a basis Of siOOoOOO giving to
the first bOndhoders par, land bOndhoders Is per
cent aud to stockholders IS per cent The President of
The road Is n. A. COwdry.
The Fort Wayne. Muncie and Cincinnati Railroad ex-
from Fort Wayne, Ind TO COnnersvile Ind. 100
miles. The road opened for traffic on Sept r. 1870,
and has traffic guarantees with the Michigan Central,
the Fort Wayne, Jackson and Saginaw the Jackson.
Lansing and Saginaw and the Ionia and Lansing Pail
roads The rolling stock Qeased consists OF lOcomO-
dat stock and coal The financial statement dated Jan.
l. 1872. shows capital stock OF HOo00OO aud funded
debt in first mortgage per cent gold bonds, principal
due April 1882 $sOOOOO; IN second mortgages, per
currency principal due July !, 1896, S5OOOOO; Total
The brunswick and Albany Railroad extends from
Brunswick Ca via Albany. Ca, 70 Euiaua, Ala, dis
lance OF az miles, OF which l2 are reported In operation,
Jocan,ntS.S. To- hag5a0e mail and exS
press freight l4 The funded debt consists of first
mortgage bonds S6sOOOO per gold bonds due
April 1906 and S23jOOJO in per cent gold bonds due
April J. 1885, making total Of $56J00)O Fhe Company,
having defned Oh the payment OF interest due April
1872 Its first mortgage bonds which were guaran-
teed by the State Of Georgia passed into the hands OF
receiver.
The Peninsular Railway is a consolidation OF the Pen
insuar and Michigan. penlnsuar of Indiana, and
Chicago and Blue Island and Indiana Railroads aud eX
tends from Lansing, Mich to Chicago H., distance OF
300 miles, but is only operated from Lansing 10 South
Bend, Ind, distance OF l5 miles The rolling stock
consists of locomotives and passenger and 40 freight
on jan l. 1872 the capital stock was 100000 OF
which S.9gj,OOO paId in The funded debt consists
of slSOOOOO Of first mortgage per cent sinking fund
bonds in 1872 and second series, S79OOO payable
M 1900; making total OF $774,OO
The Port Royal Railroad extends from Port Royal
HarbOr G., 10 Aug Ista Ga, distance Of 10 miles.
The financial statement, dated April !, 1872 shows the
capital stock 10 be S3OJOOO subscribed $780,
Geo paid in, 100000 The funded debt consists Of
ST. 200 900 per cent 1rst mortgage sinking fund
gold bonds. due in 20 years.
The Rockford. Rock Island aud 81. Louis Railroad
tends from Sterling, Ill., 10 East 81. Louis, H., 294l3
miles, with branches from Rock River 10 COlOna, and
frOm Sagetown 70 Kerthsburg H., distance Of 1881
miles, making total OF 1880 miles The line
brought into operation In November 1870 Included in
the line the following leased railroads: Rock
Island and PEORIA and Indianapolis and ST. Louis The
following the rolling stock 81 locomotives and 10 pas
zenger ana 9S5 freight The capital stock Is $780,
The funded debt $9O0o0OO in seven per cent gold
bonds, due August 1915, making total de0t Of sSO0O