, 1873-05-28

nne, n!ahrnond, Va, to Huntington, on Ohio Ryer
:. ohs.aEsste = ohlo-nond. gold nrst mortgage on
u9;aesso on main i1nS .27 m,les. 3 10000; -
First mortgage gold for sloo 100000. Land grant,
% %tntssnstonsl io Railroad, Red River 10 RIO ar.nae,
Houston daa.E KorsSsqn sSa n.lrond, oo,ump. to
ohssso 6aavie 9ncennos n4o.a INDIAN,
moassoa I'm: sI5s 5sns FL Io to oa
Indian. % IAssis dsnt1.1 1na'sa.ge!!.. II Ind, to
n.15 5soas hs'Ss, 3o ,Tsae
sRfnsasa aao1ass as: sSa
toV1 81 to 9 9ahauneeovn, 1-fir't mortgage. gold. for
6hie.ge b Canada Southern Railroad, Chicago to
indi.napols, Bloomington ( western E1ton.ton
Railroad, CHAMPAIGN to Warnaw, 1ll-Flrss mortgage,
ec1s: 1s:stSonss. n " 8, ". Railway Company, jack
sonyills e, e Mount Vernon, W-fIFst mortgage eo1'
Lais shoro Michigan Bouthern Railroad Sinking
Fund, loan for s6ooo,ooo, releen'able 100000 per
s.asss 81 nss' 4 + nEssa H. esRespz Rsszs consolidated
nufl!5gt0a osatS h.pas atnns's.Eifst i ort-
llon, osd.r napids to Post7ills, 10 miles.
Central Railroad Of, Long 1sland, e1tenston-MIst
sss: assn9 aS sa ass9s s. s 1sSss ses miles,
MlWaukee b st. Pnul-Flrnt mortgage for :, 5oo00o
on lacrosse bridge, second mortgage On all the line,
{e1eopt third Lorosae md praiFe du ohion Divi-
'. .Poiti.nd osdensbnrah, Vermont pi,tsioa-B1rst
South slde Railroad .. Lang 1aland-F1rst mortgage
ess ey naf % H.. and miles n'nsf' Ron' b. anu acc
). Toiedo; Wabash 4 wca.ern-ao1d mortgage for
Louis. 600 miles (subjeot to old tens).
J.: It will DO soon that, OF tho whole amount In
the aboyo, List, over gu, ,000, 900 aro for roads
either whole or partly located in this State. Tho
rate Of interest on all except few ie per
cent gold, and tho average prico at which tho
bonds are offered is about 01 to 02 cants.
The ayerago interest paid is therefore about 79<
The New York agents for largo proportion Of
this aggregate of loans had expeoted to nego-
hato them. in Europe, but tho disturbance OF
confidence IN tho European markets, In conse--
lnterat by several well-known Western
roads, Prevented the 3ulhllmens Of these
erpeotetlons, and the ,endeavor to carry
them along In American markets until moro
ably ono Of the causes that produced tho OK
treme Htringency in New York in the carly part
Of tho year, and induced the expedient Of bor-
seE soa s sns tsa bs ,eh Ss 30 s s,s1
able to tho sale Of Huoh seourities, and notrith-
standing the unsettlement OF confidence in
tsisa1sd s1S To- loans M are @ bsng nsss aessossased
there. Tho Basings have Just taken charge OF .
loanof 4boo, 200, louisville Z Nashville Railroad
North and South Alabama branch, f1 900, 900
sterling, or $4,000, 900. The Paducah 4 Mem-
phis Company hare recently placed %, 600. 600 in
naSn 1s fer The The rosees oi tho prompt payment
Of interest on now roads in the West and North
vest 1t 10 safe to say that Il any road In tho
States Of Illinois, Iowa, Wisconsin, Minnesota,
On its 1'' bonds, It vii DO DO al tdae ~ more to
ot business. fho case Of tho moro s
remote roads IL different. gomo Of them
are undoubtedly being built SO much In advance
first be made the means Of settling up the oouu-
try they penetrate before it can reasonably be
expected they would pay interest on their actual
cost.
In one sense, however, the railroads aro Il Ill
In one boat" Tho projectors OF tho more re-
note roads endowed, with land-grants hold out
e stsrae:vs b1 to Immigrants IN tho form 1t
ezant espoeiay % the iaos Of Of geeurns two % or
threo hundred acres Of land az his own. for
almost nothing, Is 80 attractive that he
seldom stops to think Of the great distance from
1ience shows W. M thoh st last that M Tho tho onesp
tarms are generally located where the product
must be cold cheap II at all, because creator
portion OF the value OF tho crop muat he givon
Tor Its transportation to market. This, how
ever: :dees not prevent the new railroads from
drawing to tho remote Territories largo popu-
iation that rould othsrwlao settle on the vast
extent Of unimproyea and unocoupiod lands in
Illinois, lows, and Wisconsin. II Is well-known
fact that, inmhny parts Of thetwo aforementioned
States, aa fertile lands as there aro in tho West
Will not soil for as much Us they would three OF
past them to thee, remote lands in tbe
Far West, and it, is in this respect
thst the nan. railroads In tho distant fer
sitories arc hindsance to the increase Of popu-
lation and consequent increase Of local business
On the nearer roada. The enormous extension
OF ratlroada in the more distant Tefritores has
undoubtedly . tendonoy to disperae population
over great area Of land TO degree that Is TN
favorable for both railroads aud pooplo.
FAILURE OF TEE NEW YORK osWEoo M1pLANr
HAlLAoAD
Tho protected limos Of this road are main
hne from oewego, n. Y. to stato Line, n. j..
245 miles. with four branches, ono to oach oi
Auburn, New Berlin, Delhi, and Ellonvilla, N
T., tho main line and branches aggregating 36s
miles. OF this, 202 .nilee had hosn complotot
by the beginning Of the year, but tho road hat
Ing the estimated cost OF sl0,0O0,000. A yor,
large amount Of local aid from the townB alont
tta route had boon giyen, but when this resourcf
Rochester Union gives the following statement
OF the finances OF the road from official aourcol
116 cApltA OF t1o ROAD a. authorized by Its UhAtpI
~ $l0,b00,ooo, md It's funheu aud duatinK dab
5000. boo IN excess Of TINT amount
nd g. 9aurEeror ony Ct the capital Of $40,
5000, 600 cArno from tho bonded townaI
Ino towns arc bonded for u pcr cent Of thci
ontito valuation, Ttal ind po1aona md Tho iuterea
they psy on the!r bonds the prncipai Of which s os
to them and they must eventually mako good by tn
tlon, ia a par head par ycacl
Tho Newburg IN. ~ Telegraph adds:
The great nihtato Of its msnsgeet waa IN commend
Ing ha construction OF tha Midlsud Hoad At the wron
end. Too much capital was rendered unavailable 70
want Of sdegnato EASTERN connections. Dut re roa
will b spasdily completed nevertheless. settieinei
Will bo made with its creditors, and work, witho.
doubt, will aoon be feaumed. Ihrnugh connection
were almost sst of the Delaware, and th
failure Of tho Company, under tho ciroumstancei
cannot but b regarded II public misfortune.
LOCAL aTook AND A0ND MAA6gT.
Messrs: 1iupt, Preston h Koan quota Is fol
lows this atternoon.
Bupfng. S4llfn.
0! p1s.s.sss .1l8H 11d5
o@<VA U! ot'ssss'ssss ut1
6-2os OF t5ss..s ..s.s,......ss.....s...117H 118]