Chicago Daily Tribune Newspaper, July 22, 1873, Page 3

' D S, _— THE CHICAGO DAILY TRIBUNE: TUESDAY, JULY 22, I8 RAILROAD NEWS. Annual Statement of President James T, Joy. His Roport of Last Year's Oporalions of the Michigan Central, * An Increase of $8860,705.50 Earnings over 1872. Why the Stookholders Did Not Re- oeive Their June Dividend, The Northwestern Ticreases Its Enn‘\iuga $1,349,0790.99. Subjoinod horowith wo presont Mr. Joy's ad- airabla statemont of tho condition of the Michi- gau Central Railrond. Unusual {ntorost atiaches 10 it boeanso tho public aro curious to know why tho rogular dividend was passed whon tho earn- Ings shiow an incrosse of noarly o milllon over tho yoor previous. In his characteristically vig- orous mannor Mr. Joy explaina this aud all oth- er mattors conneotod with the rond : Dernoir, June, 1870.—To the Stockholders: Tho Tollowing ia statoment of tho carnings and oxpenace of tho Michigan Contral Railroad, and also of tho ime provements and additions to tho property of tlio Come pany during the Inst yoar, and its presont condition. o grosa eainings have boo: Erom passengers [From freight;, llacolianvous Total, 7,802,110.00 ho gross (et Bliowing an increnso for tho past yoar of..$ 860,705.60 Tho oxtent of xoad which has heon workod, has not motordally diffored from that of Iast year. Tize Jack- »on, Lanilng & Baginaw Road Las boon extended dure Ing the year, though but littlo of ho oxtension has been for any timo in use, It is now being opoued for uso to Otsego Lako, which s its prosent northorn terminus, OF this increaso, $563,238,04 havo been upon ho main “MX and $207,307,62 upon tho branch linca, Tho fucroaso in passengers Lias been....., .. $203,116.20 And In frolght, ee agzo’:'fl'&.ou In miscellaugous it has beon ‘onl: ..o 016,12 ‘Thoao atatomeuts show as tondy and beaithy tncreaso of busincss, which though not Ly any meany 5o much 84 11 othor ircumstances would lave been tho vaso, Ia porhapa all that ought to_Lavo beon oxpected, Af tho diilicultioa o had to encountor during tho wholo yoar, ut moro capeclally in tho wintor, aro duly cousider "Tho_axponees of ‘operation, exclusvo of ax08 lavo beon. . $4,840,606,87 Ancluding taxes paid, © 4,080,005,40 xceeding that of las 5. '639, 192, Ving of not carnings bove fiosoof sk oY yoar. teeirieeanes 301,078.60 Tho caruiiigs, including ax ez, 1ias buen 68 29-100 per cent, oud oxelustvo of tnxes, 6 29100 por cont of tho grosd carnings. Tho not carne Ings for tho year have beon §2,316,162.60, Tho operat Ing oxponsca of tho muin 1o lave boen, including taxes, 05 06-100 por cent of the grous cornings of the line, 'showlng a decreaso in thoo oxpenses of 4 4100 per cont, Tho fucroaso of tho earnings from tho wholo property of tho Company has beon 19 30-100 por cont abovo that of Lt year, Tho incrcaso of tho earnings of tho maln line havo beon 10 60-100 por_ccut nbovo thoso of last yoor. Tho incroass of [ozsenier businosn i beon 11 37:100 por cout, and 8 boen goneral on botls modn linoaud branches, * Tho tonnago of tho frefyt 18 very noarly equally dividod between through and local, . The through has beon 1854100 of tho wholo, and the local 61 40-100, Tho lncrease n tho whols ornago during tho year hus boen 1341-100 per cent, -Tho rednction in local ratea from fauses_horeinafter montioned, has beon, diring tho lagt elx years, oud mainly within tho last two years, 3112100 er cont, During tho lnst year, the reduction in local rates has beon o 3¢ o n ceut’ por ton per milo, and tho offect upon earnings Los beon auch, that, though the local tounago lins Incroased abovo tlnt of 'last_yoar 95,800 tons, tho local carnings havo incroased only $047,11, Al who'read tho Aunusl Noport of tho two st yoard wero mado owaro of tho nocessls by of vory largo oxpenditures for fmprove- wnents, in ordor to put tho rosd nnd fla ap. olutiments n o condition to mcet tho demanda of usiness preasing upan it, Thoso {mprovemonta liave boon goiug on during tha'yoar, nnd oro 8till in prov 8 Ticro havo boen graded for double track 13 miles—trom Detroit to Ypsilantl, on tho castern eoction of tie road, fn sddition to work before done, 233¢ miles ; from Nilea to Lako, on the westorn diviss fon, 5T zitles, Ttawma tio pufposo 1o Lo lnid tho fradk fha wholo distanco during tho yenr, but tho sear of {ron on tho main track wos so rapid, and it was 80 inexpedicut {o rolay 3t with the irou ratl, that mors of tho slecl rail waa absorbed thoro than had been suticipatod, Thio result has boen that only 44 milea of 1ho doublo track Lins Leon ladd, while 97 miles of tho -main_track s boen relaid with steel, moking tn all, of track lald with stoal rail during tho year, 41 milos, Thore aro now, in all, 192 miles of stool rafl in tho xm3in Liue, oxclusivo of the doublo track, whicn ls bo- Fluning, 3a s soon, to Lavea vary seneible offect upon o sxpung of worling tho road, A siated fn the ro- port of last yoar, it i belioved (hat, with o comploted steel track, this ¢xpenso may bo rudiicad to 60 per cent of tho carnings, ; b Tho cost.of the double track, including Tails sud tho grading of tho 8L mics, bridgiug, ballasting, efc,, liss boen......§ 098,304.11 Tho cost of elnglo track, "ucludiug stoel : 1,166,159.60 rulls, £2,150,431.71 AtJnckeon, where G0 many divisions of thi road centre, tho machinc-shops have beou complotod, aud oranow Just put i uso. Also b round-louas with' 63 etalls, the whole ona scale adequato to tho freseut wnd probatlo faturo do- ands of tho rond. A now passenger- houso hiaa beon bulit thero, sultablo to ho wants of that placo, A now ponscn- or-liouso ot Buchanan. A now engina uuso ot Michigan Olty, with 22 utalls, At Chicago, s frojglht aud oflico building, 60 foet by 106, and throo sorica ' bigh, ALl thess buildinge uro firl of stono or brick, with slato roofs, At Chicago also, o fralght~ Liouso haa beon bullt, of a more terpor- ury character, but of brick, 80 by 430 conting duiring tho soarL, .. oo 320,124.08 Fho noceswity of enlarging fho. intion grounds ot Chicago has compelled {lig ‘purctiase of additional lands thes, and of loaning stfll more ot an sonual rent. - Tands purchssed cot. erines 60,1088 At Detroit, also, thore has beon added fo station grounds, landa costing, .. 100,23,00 Lands havo ulso been bought ot tio Junce ton throo miles from Dotrolt, for tho croction of car-shops and rouzd-houso, Tho lands purchosed comprizo nearly 100 acres and Dave cost, durlng tho Jear. s I coi pe g cars is mow in progress upon the fFaunds, and by tho closc of (hik souson t.15 hopod they may bo in readinees, and all chops romoved from il station- grounds, wldeh aroall neoded for sta~ tion purposes, 2, o oposating dopariment to pover of th road Lias boen incrensod by 48 loco- matiyos, at a cost of., L. 700,000.00 ¥our frabclasa passouger coachion, with twolvo whoels ; ten of samo description ‘with elght whoela ; eixtoen socond-clasis § twelvo baggogo cars ; twenty-Avo accom< ‘modation care, and 1,235 cars of all kinda for {roight pirposcs havo boen added to tho rolling atock, Of theso, 012 woro ‘box morchandiso, and 023 wera platform cars. Tho aggreiato cost liss boen., ... 1,251,200,04 On tho works ut tho junction, viz : car- sliopa and round-house, and o thofou dation of a now gralu-houso at Dutrolt, thero havo boen expended d 51,743.40 Tho various main itora of expenditure for construotion during thoyear smiount to, 5,066,193,25 1Tt 18 not noceseury, perlisps, ot once 10 cotaploto the Rouble track of the roud for the wholo distance bo- tween Dotrolt and Ohfeago, but it will be required at Bn carly day, Including tho air-line it has now 145 smiles donblo tracked, and there are to go down ime mmediatoly 23 miles more, making of double track hich soon be complate, 108 wiles, This ia ju. clously, dlatributod, and vith smpls sldings ol hare, will for tho present enablo the road to meel 0o domands upon it 60 far as track 1a concernod, Stookholders may well inquire why 8o large oxpene Witures liave bocomo 6o suddonly roquired to. Teators nnd maintaln the value of thelr property, snd also if it 15 Ukely to sccomplish tho object almed at, The no- coaslty for tio oxpeuditurcs will be mado’ strikingly - mpparent, ‘Allusion hias been mado tn tho roports of tho Com- lxlny for two or threo years past to the rapid construce ton of rallroads which might affect its local trafllo by pompetition at 4 local jointa. 'Tho offect of tho Intensa compotition for through business s probably unnderstood by oll stockholders, At Kalamazoo tho 1s crosad by n branch'of tho Yonnsylvania systown of roads, runulug far north into tho State, Also by a brauch of the Lake Shoro & Michigan Boutliern to Grand Rapids, At Battls Creck it Is {n- tersoctod by the Penluaular Road connceting with tho Piltaburgh & Fort Wayno, aud also with tho Detroit, Eamslug & Loko Michigan at Lansing, At Albion and at Jackson It 18 intorsecled or reached by two other brunches of (ho Lake Bhore & Blichigan Bouthern Road, At Waynoe it ia croased by tho Flint & Yoro Marquette, At all the importaut poluts on tho ain Hno, and at seversl points on the other division {iice, fall' competition ia established, sud substantisily ‘gho rates at oll local points is a8 fally fxed by campatition na are the through ratcs, Tho result has boen everywhore a reduction of ratoe, end for tho information‘of stockholdors wo placo bofore thom the larningu from frofght, both local and through, for the yoars runniug from’ 1605 to 1673, inclusiveof both Jears, iating o wsubor of tons carrlod In sach yoar, @nd the number of tons carried ono mile iu each yoar, 28,028.39 aud tho grosn earninga (herotzom, anl tho oo of frolght er lon per milo which Lizw Fuled cach yoar: 9 £ Year, B g H Sproduoy L sbupuang I NI ey T B 485,978 12,007,110.2,940,620.47].9-100 830,451 85607,710(2,208,601,62( 13 60-100 GIBITH) 0050418, 2,206,521,05].3 40-100 018,680101,204,251] 4,48,074.10/.2 45100 BO2BISBLBITITA) 2,765,200,48(.3 9-100 +| B23,770(132,000,174| 2,6:4,45,87 .1 0B-100 ©eous[1,105,6761100,000,067| 3,072,607.681.1 61-100 +|1238,311310,739,727| 5,570,025.54] .1 60-100 11,310, 70|246)078,613| 8,832,009.41( 1 57-100 It il bo noticed hiow geadunlly, but ceclnly, eaten Bavobeen_ ainking from 3 6-100 per ton per milo. {n 1865 10 160-100 in 1872 with alight fncroaso dn 1670, 1t follows 1t wo nro doing nll frelght Lusincrs, ine cludiog local a well as through, on an avorage, at ory nearly balf whnt thio raten wore olght yenrs Ago. To llluntrato tho offect of 1hfu fuko tho yoar 1868 ag i exntaple; This s only fivo years ngo,'and then Uho ratos lind declined from 3 6-100 por ton per milo in 1665 0 2 46-100 In Llnt, year, Tho gross earnings ffom frelght in that year wero $2,480,074, In_tlut yoar the wurplus {0 bo divided amon(t stackholders ofter poying expenses and nter- et wab §044,400, ' Now, liad tho Company been came pelled {o do"thint businicas that year nt tho raten of lash sear, viz, 1 68-100 per- fon perawilo, tho groen To- eofpln wolild Huvo beeu $1,670,732, Inatend of £2,480,« 074, tnd the differenco would havo beon $00l,251, which o very nearly {lo totnl aurplus of thot Year eredlted to lcomo nccannt, If wo Lind alno been dome polied to do tho thronpls paskenger businoss of {hst year ot prezent rates, which Is about four-Afths of (lio thon rate, thero would Linyo becna defleit in_carnings oven tophy nforcaton iho thon debt of tho Cowme pany. At hiat Umo tho Toad wns taoked to ita full capacity to do its buainess, It lind not {ncreased it powor for ten yoars, and it rolling utook but little, Tlio throngh froight lino Lind just been organized, Tho noxt yeor Dot yower sud car wiero fnadequats to tho bisticr, aud tho valuo of it could not bo Increasod, with (b road and itn appointments matntained only ip to thele then standard, ‘The result would Luvo becn nh anntial deflclt for the fust two or threo years, hut increnaing Wt el year, and tho. Gompeny would lavo Leen nukrupt. Now roverno tho caso ond tekothe bustucss of 1873, .Thie freight carnings of that yenr wero S0, ‘thio rato yor tou per milo of 1 60-100, "1 ablo to reulzg tho sunt of 3.45-100 pef ton per mile o Tato of 1803, tho earnings from that Lusinces would hinvo Leon §6,310,133, or 1,090,407 more than was reals 1zed st present rates, On tho busincsa of tho prosent year, which is o Laryo incrodag over that of last yuar, tho (ifereaca 1g stlll more striking, In thelast year tho gross carn- inga from freight wero $3,852,003,41, The rate per ton por milo was 1 67-100, Al tha samio rate e in 1668 o carnings would huvo been $6,028,020.54, which ia $2,175,§90.13 moro than wna sctually reallzed That atount bas been saved to tho producer in singlo year by tho compotition which hao sprung up ouly within the last five ycars. Tlo only comfort thore I8 1n it to railway manoger s in tho fact that the rato por milo was nok redueed during tho Inst year, fndi- cating that compotition for tho prescut liss done ita worst, In fact it is difficult to concolvo that business can b dono_chieapar.wilh nny roasouably adoquato profit to tho raflroad companfos, Tho corollary to bo drawn from oll this i8 aa_closr and cortain a8 1t can posaibly be, that to havoremained statiouary for {ho past 0voyears would havo beou equivaloit o baukruploy, ond that within tho portod of cight yoars past, 10 coablo tho rond {o earn ovon as muc s it Aid Svo'yoars go, it must do vory much ‘moro than doub tho buainess, Locauso ratea aro only hnlf on much o8 in 1605, But'to carn only that would not avall, booauso to put tho road ina condition to do doublo fbo businces, nli its capacity of rower, - rolling-stock, tracks, ond station- grounds ' must ~ bo cnlarged up to tho polnt Which will enabla tho rosd to doublo tho buslncss, and oven then wo elould bo carning 10 more tmoncy ‘than 0 wero in 1865, ‘The carnings, therefore, must bo so much moro than doublo aa will oy the inéreased cost of operation, and tho intorcat on {ho increased copltal, required to bring tho road and all its nppolutments np fo ihat degrco of abllity which shall enablo it to do cor tainly throo or four, or moro, timea tho businoss of 1865, Much, lioweycr, it shotld bo said in this no- Ccount, mny bo creditod to tho increazod economy in tho management of 0 largo busincss ovar o porfact and amplo track of steol ratl, amnplo station-grounds, conventent ond adloquato Tepair ahofw, boti for locol motives and cars, “Flioro remnine no doubt, howover, {hat nll that ling et been dono in bringing 'tho road up to tho necosst- Lica of tho caso, sud preparing 1t for tho increased vol- umo of busihess whleh muat paes over i, in even sot dnadequato, Vory much tho lnrgoat sharo of tho ovident ond imporative necessity Lave beon accomplished, and to fomo oxtont tho benefla Lavo begun to Lo réalized In tho sugmented businga. 1t will Tequire much less, howover, to doublo tho ‘preaent volumo than it has heeded to' reach it, and it {oos not adinit of a doubt that tho path of safely ia to aim at {hat result and bo preparod for it. - Tl proacut low rates will nover bo higher, and_thero is this com- ‘pensation ju them, viz.: that they turn and will cone tinuo to turn & world of bislucss over tho railroads snd thoso which sball bo ablo to tako it, and Londlo It with cconomy, may bo, and probably will yet bo, o8 Prosperous i tho fature sa In tho poat. Buk it ta clear that to ocomplish {lis involves doubla a1d yerfoct track, and moro than doublo powar, and cquipment, and ol clse in proportion, Though i has ot all bech ccomplished in tho past two or threo years, on tho Mickigan Central, o vory lang siop Las 1 takon towards it. Both power and_ rolling-stock Dovo been much moro thau doubled; tho capacity of tho track has been more than in_proportion Incrcasod, nnd the business ju the last fivo years much mora than doublod, and in tho last eight trebled, The Increased carniugs during the year on tho #amo oxtent of road Tiavo boen, a8 nboyo atated, $360,705.50. This result, however, 14 by no means adequato to the ‘noccanitics of tho csse, end (o increaso might ua well have been nearly doublo s to havo been whiat 4t wae, but for cnuses which Lave beon alluded to in former Toports, ut uoiy miore fully etated. Whilo this Comn pany bas observod tho {endency of Tates, and appresi- -ated tho imperative ncceesity of culargin tho capacity of tho rozd for tho eceseary increaso fir {ho volumo of business required to mointuin ond augment fts rove eniies, it has bad no ability to coutrol thio connceling road cast of ft, aud over which all our through busi- neas, 80 far 1 it could movo at all, must pass,~ Wo ol- Iudo'to tho Great Wostern Rond of Caunda, It will b imposeiblo to mako our stockholdera apprecinto or Enow tha efforta mado by tho oflicern of this Compauy 1o induco tho managars of that rosd in {imo fo tako 6uch nction ns would cnablo it o recolvo aud carry forward caslly tho business wo should doliver fo it. Certainly no meous in our power bavo been unused. All efforts in {ho past Love, until re- contly, been unavailing, aud yot it is not’too much {o a0y that during tho blolo of the poat Serw, i Lus Been clogged up with busfuea, With the oxception of work upon ita loop-line, it hes done slmost. othing, Whilo s clear duty was'to_provido amplo sidings for tho passago of irafiis evarywhere, it baa boen clioked at almostovery polut, Whilo its powr nud rolilng stock should 1avo been not only amplo to movo rapidly tho through bustuces which wo gave if, but also tho :Luelness of Michigan and tho other roads contering o ‘Dutrolt, it has bésn worked With holf tho number of Iocomolivea and o thousand loss cars than have bcon found insulicient upon your road. It undertakes to do tho forry businees ot Detroft, but tho means havo Duen wholly inadequate, oven béforo the wintor ot in, During soveral mouths, tho cara could not bo falien aicross ua rapldly as was requisite, and for that perlud, all tho timo, largo nmumbers of loaded ears, ofton o many 88 from soven Luudred to ono_thousand, woro waiting in our yards to bo moved across. 'Whon wiinter camo ony—snd it was tho most Bovers by far ever known in Dotroit—tio difficulty was = still frestor, toughy could the frolght Lavo crosued, t coull not-lavo Loon got over that road, For about threo months, whon business prosscd most, this Compony was colpellod to refuse froight from itd Weatern terminus to go through, 6nd for two-thirds of that tims therowero £7om 3,000 £0.3,000 cars waitlng tho Fantago cf the rivor, tnd, whor thoy finally passed, it vaa near & month béfora'they could bo got back 'to commenco earning money upon your road, The re- Bult wna t our buriness both unavoldablo and disas- AXOUMy vt av + cqually to tho Great Wostorn. “Tifs Compav, , robubly lost during the winter, fram {lis coueo alond, business amounting to about half o milllon of dollas, and that Company nearly as much; and each Compsny during tho wholo year Liay, includs iuig tho wintor loss, suffered vory lnrgely more thon that, from the fnbllity of tho Groat Westorn to muck {ho demanda upon It, 'and earry the businoss of ita road without dolny, whilo the cost of doing it has also een to both Companies vory greatly ouhancod, Thio Great Western Road in managed by a Toard of Diroctoni and by stockholders lving tn. England, Tlioy aro consorvative, and very slow to approciato the Tapld changes in this couniry, Thoy cannot eally e e i undorstand that 4 gread Ling of railroad liko theirs and ours, might bo totally ruined by remaining stationary in itsappointmentsifor only the four or fivo years past, and that nat fo mako rogress was cortuinly {o have rotrograded in carnings just na fuat as ratea hiave declined.” They havo not oen able to realize that the increaso in the volume of the business should bo really in a three-fold or larger proportion to tho decreaso in tho rates of frofght, in order that the revenues of tho rowd moy bo maine tained, 1t nea seemed to Lo n eativfaction them that thoy Liad all {hey could possibly do, which secmod to them all that was desired, It has been only Il{ the. overwhelming prossurs of buainess, aud poasibly tho fear of rival ronds, (hat tho ofticers of that Company ond ita stockholders have come to realizo the ncceusity resting upon them, if thoy would save the value of their proporty, Thia it is belloved thoy now doj sud it gives znlfl Board and the mauegers of your road unqualifiod satiefaction to Lo oblo to say that that Company {4 begiuning, thangh but boslnnin{. to mako adequate provisivn for prescnt and coming busl- ness, 1t 48 onuounced, oud s that contracts are let for tholr double track from Detrolt to dleucos, tho point whoro thole loop-line divoryos to Buffalo, and tho ‘work I8 in progross, to bo flufshed in time for tho win- tor busincss, This will give that flompn? Lwo tracks from Detroit, to connect with tho New York Central nd Erlo Raflroads, They Liave contracted for locomo- tivea onough to make thelr wholo number 207, for {frelght cars enough to mako with their presont stock 4,764 for businoss purposca; also a now ferry-boat of 1argo diinenalons, amplo new sldinga for all purposca, with onlargod shops and statione, ete,, alt io Lo ready before winter, and have provided and obtainud the money therefor. Theso aro cstimated to cost ,210,000, and, with tho cost of tho loop-line included, fi,‘ua,m ‘exponded, aud fo bo expendud, in_ bringing thiat road up to tho necessary standard to mcet tho prossing business which Las been so long crowding it. hoso things should bave beeu dono before, nnd will probinbly, o fur an power aud sfock oro concerned, bo Fiadeauiio now when tiome, 1t is, howaver, 50 largo an offort in the right di~ rectlon, aud ovinces so clear a couviollon at Iast of the importance of ftho exigenvy, fthat it is rtlfnrdud ns a policy mow sottled, that fhat road shall progresy, and b mado sdequato to ull tho neccsaltics of Lusiness, both now and fu the futuro, 1t {8 doubtlcsa 1w only policy which can by possibility maintain the value of the proporty, ‘The Great Westorn Itoad is the noat conveniont out- Jot aud inlet for the Lusiness of the wholus Htato of Michigan, which vory largoly coutres at Dotrolt, Ita nodoubt _true, clonr duty and intoreat {s to command i, and not nllow 1t {0 g driven off wpon other luoa, Yot, whilo {L doos thin, it 1a nlso tho mont conveniont. connocling rond for il tho buaincss of thia Gompany to nnd from tlio Great Wosk, 1t should be provided with botl ower mnd evn Targoly i oxcoss of thoso nocessary for ho business of this Company, Allita present provie blon of cars and power, thoroforo, are likely to fall mucl short of tho neceasitien to bo imposed upon 1t in tho futiro, Tho Tntornattonsl Bridgo acrora tho Ningara River near Duffalo, bult by (ho Gratd Trunk Company, s appronching’ completion, and will donbtiens ba ready for Liwinces Ucforo | winler, | Tha Bt Cleir Tiver nt Sarnin, ot tho onflet of Iako Ifu ron, ruus with o very rapid_current, mnd nevor freczes. Tha Grand Trinnk Road, tarting from tho Dolrolt atation-gronndn of thia Company ahid rumniug to Buflaln, croanca {ho 8t, Clalr tivor laso to_tho foot of Lnko Huron at tho polnt whera it {8 always open, and with o Lridgo st Bufalo will givo thls ompany an ontlot fur ita busiuees, oven In_tho soverest winler, which will Lo nlwaya open, Tho lostd, therofore; feels thnt Lo tho oxtent of the enpacity of ' that rond (hin Goinpany whl find rlfof when all. ofher avennos fall, and that probably nover again will it suffer so iy o i tho vast tires wiutors, uid eupecticly 1n 0 Inwl, Witk 0o open rond always, wilh {ho enlarged moans of tho Great Westorn Comynny, and anothor powarful forry ab Detrolf, 5t 1 hoped tiat tho buslncsn of tho Company may ot again bo interrupted until botter and safcr meana of crossing tho river by a ridgo shall bo pecurod. . Tho Cannda Southiern Toad, §b 18 understood, will bo_comploted to Dotroit thia ecason, nud’ may bocomo o very importaut zellef fo’ the busi- nos of this Compauy, Al theao incronsed méans of Dueinoss cast of Dotroit craato tbo con- victlon that {hso ean bo no such plmost folal stop= pago of busnes in tho fturo oo In tho past; and thnt 1 ¥l snovo by one avenuo o the oflier, I 1ot by all, duriug tho soverest winter, This Company bow operaica oa branchies, undor Teazes, tho followlng roads : Hiten. Tho Kalamazoo & Sonth Hnven...... .. 40 Tho Juckeon, Lanelng & Saginaw, Jnet now opon {o Qo Lk, and to within blaly’fivo milea of the BLMIAL s oevesuaasonsane L.a13 Tho Granidl River Vailoy Rond. ot Tho Kles & Sonth Bond, . assvsaease 10 Tho rent pnid for the' Kainmazoo' & Houih Tinven Tond §3 tho ‘Intoreat on its bonds only. For the Grand River Vatley Itoud it pays by way of Tont, tho interest ‘ou ita bondh and & por cent on fin stock, $492,000, Yor {ho Taclvon, Lauslug & Saginws it yays by way of tent o interest ou fta bunds, and after this yoar $70,000, of whick, liowever, somo moro than s third belonga to this Company, which liolds rather moro than o third of tho capital stock of that Company. Tt Compnny hns a lond-grant of 600,000 - norca, Inrgoly pine-timber Janda given it Lo hiolp construct tho Foad,~ Of this somo moro than o third s tho property of this Compauy in virtuo of tho olock so bold by . 1t {a difiicult to ooy what this land fs worth, but it 1g 8afo tasny it {4 of groat value, Tbedo roads ars all tributary to tho main line of tho Company, Thelr gross carnings for tho last year Woro. $1,108,821,14 ‘Thio pmount of businesa th o 867,617.60 ‘maln lino 1a, Tho smotnt of tho gross business of thess rouds, and {ho eanings upon the main - Iino upon tho bushiess furnished by them in .$1,620,330,73 Or aboul 010 buisay of tho Compony. Tho Jackson, Lansiug & Baginnw Roud_will nocesnarlly b’ ostouded to tho Strafts, It s probablo that soon, ond it may bo within year aud a half, tho Mackiugo & Mar- quetto Raflroad will bo butlt, and tho Jackson, Lanaing ‘& Baginaw oxtended tomeet'it. This lattor rond woul then becomen l.hmugb{nm for Loth travel and froight, sud an fmportant road in all 2espocts, ond is Lkcly to becomo a vory valunblo property independout of i Iaud-grant, 1t 1s in thia conneetion that the Dotroit & Tay Gty Hatirond bocome very valuablo g tho fater~ cats of this Company., 1t will own north of Wenona, appoelte Doy City, and from that point to tho Straits of Maclinug, 176 milos , of road. Iiruns througha country moatly imborod with pnio and hard wood, A-largo portion of it bus~ ins will pass in and out by Detruit, From tho Stralts to Marquotte, a distanco of about 140 miles, tho Stata of Michigan has grouted 1,000,000 acros of Jaud to asd in construsting £46 proposed Taad between those two points, This may perhapa procure ita complotion Leforo thia clogo of iiczt year, - It will connect tho rond of this Company, by way of tho Btroits, directly with tho. mincral xeglons of Lako Buperior, and will moko it tho direct ronto between tho cast and southoast and that very valuablo country, - "Tho Jocal bustaess of tio rond north of Ty Oity for 175 miles mwst also And its woy in and out largoly through Dotroft, It will, thorefore, bo of very grent fmportatco to this Company that tho lnes botwoon Detrolt aud Bay City, thoontlot and tho inict for a0 long a o of local busiuors, a8 woll na of througl travel and frefght, should be owned and manogod by it. This will onablo it to control its own business andt rates, and work with o vigor and promptness which would bo impossiblo if its buninoes thero must go over the roada of ono or two compunics, dn ts way to aud from Detroit. Theso considerations have inducad tho Board to ald tho Detrolt & Bay City Railroad to oomo oxtent, with o viow of controlliug it, but witliout Incurriug any Inrgo obligations, Thoro were subscribed along (lie Lins of that zoud, to aid in building it, $500,000, and o first mortgago Lond was placed upon 4 to tho smonnt of $20,000 fer milont 8 per cent. With theso tho road hus boon buflt in a very mubstantinl manner, It is Just now about being opened for uso to Bny City, Thie, With our lino north of Lay Gity, will mako vory nearly su airlino from our own slation-grounds” to tho Slraits of Mackinac, and will bo tha ehort routo for all businesa to aud from tho Uppor Peninsula of Michl- gon and our own local bueiness, as well os all through business upon our northern lue, will start from aud como upon our own station-grounds in Dotroit, By tho tering of tho construction-contract, tha con- tractor was to have tuobonds, local aid, and 11,000 PS5, ilo for buiding tho xoad, sud ffoning it snd uilding station-louses and nll appurtenances, ' Tho Manngers of this Company, acting i {8 interosta, and upon tho request and by ugroement with tho contrac- tor, undertook to plico tho bonds and furnish rolfing-atock, snd operto aul maunge tho rond, in ‘consldoration of tho tranefor of tho etock to this Com- pany; ond this has been dono with uo other obliga- tion whntever on tho part of the Company, except that it took teclf, and baa sold with ils guaranteo, 274 of tho bouds, Two-birds of tho wholo alock of that Com- any aro tho property of the Michigan Central tond, ond this Company controls, operatcs, and 'monoges I, running s own - equipt miont over it, and charging a reasonabla price for tho g0 thereof. > Tho importanco of controlling thia road, howover, wae 60 groat, in connoction with tho road north of Saginaw Valloy, aud_tho businesa of this Company thoroto and from tho Wost, that tho Board would lisve foilod in its_duty to tho ‘stockholdors had it not ac- ceded to tho caey forms upon which it could bo con- trolied, und “moro_espoclally when thero was 8 near rospect of tho wholo reuto from Detrolt to Marquette Pecoming o Iario and valuablo tbrough s woll a4 local routo, Thero is no obligation in any forni to guaran- too other than abovo statod any bonda or incomo or rent, Tho Bonrd, however, auilcipato thot tho rosd prescatly will earn’enough 10 pay ité interost, and soon Will oaru onough to pay for tho uso of rolling-atock in addition, ond that with the connoctions made with Borquotte, it will bocomo a valnablo proporty in ell respocls, Nomo who oro familiar with the mansgoment_of railways will fall to approcisto tho importauco to us of controll the link which ehall connoct g0 long o line of roa Delonging to this Company in the north with ita own Vusiness-atation at Detroit, and giving it tho command of tho Lusiness of tho wholo line, Tho Bonrd rograt to stato, that tho work upon the emall tunnel under tho Detroit Rivor, undertaken in purt s a dralnago-sewer for tho main {unnel, but also 10 test tho naturo of tho carth undor tho river, has do- veloped such dificultics, s to compel them reluo- tantly to abandon that wortz, 1t i not necesgary to describo those difficultics, Suf- f1ca it to eay that tho work of completing tho emall or drainago-tunnel was_originally sstimatod to raquiro six mouths, At tho ond of two yoars, tho Chicf-Engin- ocr states ‘that it may posalbly require six years to comploto i, Fortunately, ho would not allow any ox- pendituro upon tho maih tunnel until hio was mado cortain of its_ foeibility by that oxperiment. No Iarge amount of monoy has boan, therefore, oxponded in thowork, =Tt becamo cortaln, thatit wonld Lo sov- oral years boforo thio main tunncl could bo commend- cd, ond o much longer timo before it could bo finished, 1 It wero by possil u?- feasiblo ot all. It waa also clear that, wih tho atficuien dovaloyod, ¢ would tavalvo & vory much lurger smouut of monoy than could bo commandod for that work, Tho only altorna- tivois o bridgo, At tholut scssion of Congrozsa rorolution was passod dircoting the Socretary of War 10 appoint a Commisalon of Enginoors, to investigate and Toport 08 to tho fuaaiblilty of s bridge or bridgos acroas the rivor, That Comnfuslon i now ongaged fn its qutios, under an ordor of tho Beorotary, and will re- port at tho next Congress, Tho necodslty is so great, ‘aud it 14 po fmportant for all {nterosts in fLo Weat, that thoy should ba built, that it {s bolloved tho roport will bo favorablo, - 1n tiat case, witln & year, a bridgo at Dotroft could bo bult, snd al wintor dinlultes Ly sls ‘most convenfont railway routs would ba at an en In concludiug thin Toport tho Doard may youmark, tht tha lnat fow yoars hayo made a great revolation in the buslness of rallroads in this country, - Continuous liticw havo bocomo. practically one road, Al throtgh Lusliews 8 don 4 through or 1ino cafs, To grain of tho country 3 now movod hslf ho year, inainly by ail, and fargely ot all times, Tho business'is without Jimft, and s “far Loyond tho abilityof all ratlroads now built o likely to bo built, It must bo dono ot low Tates, but prosont rates command it, With amplo powerand rolling stock—perfoct and permanont doublo steel track—ihore scems {0 bo, in tho Judgment of tho Bonrd, no good roason why tio incrinsiug volumo of bualugas mmay not much more than muko up for tho do- creauod rates, Tho rovolution Lns boon so sudden, and groat also, thut tho diificulty has boon to propars tho rouds for ft, and enablo thom fo meot o cmore gocy, No effort to accomplish this for tho road of his Company bas boon Bparod by thie Board, ond on the wholo, though thero havo boon, and sisll avo, great difticulties in bringug ull parts of tho Lno botwoon Ohicago and tiie Lrldgo up to tho requiremonts of tha busincas of tho cauntry, yet upon tho wholo the offort 18 about to be anccesfily and thero 1s no good reason why i1 U futute tho rusd oy ot Lo an prosparoun ssfuthopast By brderof the Bord, J. ¥, Jov, President, NORTUWESTERN EARNINGS, A ntatemout of the results of the Clucago & Northwostorn Huilrond Qompnny's operationi for tho flcal year auding Moy 31, 1473, shows Lo oy oarnlngs to havo beon $13,780,600.75, an noroase of 1,947,070.07 ovor tio_provious yeur, Tho earnings woro derived as follows: From firsteclaes passongers, +$2,001,805,03 From second-clsa pasiengers, 403,085.60 T'rom ¢xoursions, From commutation, From frelght,oueleess From trausportation of miik, From {runsportation of exprés matie Trom transportation of mails, From {ransportation of oxtra baggag ¥rom miscollBUCOUs BUUTCES .+ csvrernersre Tho oporating exponsos wero $7,776,108,13, In the vurious works of construotion carried on during tho past yoar thoro linva boon oxponded Bddiaan1d, and for now ogtipmont. $1,408,- Tho total o‘hnrp{uu for the yoor on ne- count of oxtenslons and tho construotion of now lincs amonut to §7,766,470.74 Notwithatanding: {heso enormous outlays, whioh, togothor witl tho oporating oxponuos, foot up n larger outlsy than waa ovor boforo mado by any corporation in tho Wontorn States durlng one year, the Com- auy doclarod two_dividonds of 814 por cont on Thio peoforrad look and ono of 837 por cont on the comman slock, Tho gross sum roprosenting tho rond s §08,115,661.66, of which $14,008;- 02940 i comuion slovl nnd serip, and 631,484, | 068.42 proferred atock. f Rotributton 4 Ono does not ofton read of o suddon and tor-: riblo & rotribution as that which ruccntli ovor- took n murderer in Cheshiro, Coun, Michaol IHiggins, u farm-laboror, on the nightof the 1045 Tkt winbbod, fatally, Jobn O'Nell. A sonrch for Higging bolug instituted, hia dond Body was found In a room In tho farmbouso, Ho Lod'died of heart disonto, superinducod by ox~ citomeut. . MARINE. H Port of Chicngo. ADRIVED. Bebir Goorgo Ty, Wrenn, Buffalo, 40 Tark Carrlor, Lmdinglon, 190 1 Jumbor, g Bargo Mars, Ludingion, 250 m lumber. Tiark Goldeh Weat, Shoboygsn, $10 m lumber, Targo 0. O. D., Grand Haven, 410 it Inmber, Tinrgo Mary: Aihanda, Grand {laven, 200 1 Jamber, Belr Horo, Holland, 10 eda wood, Behr Marlon Dizon, Lollaud, 80 cds bark, : Belr Btlver Gloud, Hollaud, 1,000 railroad tics, 68 e, Lok, . ; Sl Honsit Jobo, Tontwaler, 100 m lumber, 10 m nth, Sebir Kotchum, Gardon Doy, 1,600 telegraph poles, | 9,000 codar posts, Prop Clty of Travorso, Traverso Oity, 602 m lumber, | Selir Livo Oak, Maniatco, 160 m lumbor, Sehr J, A, Torroat, Manatee, 176 m lamber Yrop' Gk, iz, Maniuted, 125 m lumber, 200 1 elinglen, Barge Tazhony, Mantsteo, 160 m lumbor, 10 m lath, 10 m shingion, Sehr Mary, Muskcgon, 150 m Inmber. Selir J. O, Bloss, Muskogon, 160 m lumber, Schir I, G, Gray, Muskogon, 108 m lumber, Helir Iihiags, Minkogon, 140'm lumber, 20 m Intn, Bchr Paulizio, Muskogon, 121 m lumber, 30 m Iath, Belir Bpeed, Muskogon, 102 m lumber, ki Boow Lannor, ConuclVs Pior, 60 eds wood., Balir A, J. Mowry, Lincoln, 150 m lumber, 5 m latl, Butts, Baugatuck, 80 cda wood ! d, 141 cda bark, ¥ Hoow Flora, Bangatck, 10 m lumber, 100 m Iath, Sehr Liborty, Muskegon, 70 m lumber, Dargo E, 8, ltobinson, Menomineo, 420 m Inmber, Bargo Tyson, Menominco, 420 m Jumber, Barge Menokaumo, Monomineo, 660 m Iumber, Bclr Australis, Pirio River, 2,600 raflrosd tics, 600 talo- qraph polos, Scte laerit. Auz, Whito Loks, 90 m lumber, 13 m lath, Bebr Florouce, Pontwator, 80 m lumber, 10 m lath, Stunr Alaska, Buffalo, 779 bars railroad'iron, 2,600 brls salt, and aundrics, Selir Chichgo Boned of Trado, Eric, 780 tons coal, Drig Pilgrim, Ford River, 176 m lumber, 40 m lath, Betir Pamlico, Olovalond, 7100 tons coal. Trop Montan, Buffalo, 489 bzla augar, and sundrles, Trop’ Vanderbllt, Bufalo, 358 brla sugar, 90 tons pig fron, Behr Now Dominion, Killsrnoy, 210 m lumber, 20 m Jath, S¢he G, 11 Hackloy, Olioboygun, 215 m Jamer, GO 4 Behr Maj, N, L, Forry, Whito Lake, 100 m Inmber, 100 m Inth, B Bchir A, Dronson, Monamineo, 176 m lumbor, 20 m lath, . Bebie North Btar, Pentwator, 140 m lumber. Trop L?elc':'gu ‘Dunbar, Auskogon, 160 i lumber, 30 m atle, _ Behr John Miner, Muskogon, 20 ro lumber, 460 m Iath, Bchr Mariner, Centroville, 110 cda wood, Bebr Kato Kelly, Oswego, 450 tons cosl, Behr Belle Walbridge, Sturgeon Bay, 230 m lumber, Schr W. H, Hawkins, Union Pior, 112.cds wood. Belir Progress, Holland, 45 eds wood. Bark Kato Darley, Buffalo, 100 tons coal; Olgveland, 630 tona coal. B3 Bchr Fleotwing, Buffalo, 685 tona coal. Sclir John B, ltldmnl!, ‘Builalo, 650 {onsTcosl, Prop .‘Inuvn, Duffalo, 500 brls salt; Cleveland, 100 bLrls o Sehr P, Iaydon, Muskegon, 120 m lumbar, 15m lath, Behr Adriatle, Muskegon, 135 m lumbor, Bchr slaine, Ludington, 160 m lumber, b] ovidenco of a fow Instancea fo nok sufficlont to catab- lsh ach o ouston, Tl conlract for working ont tho last approprin- tton of 300,000 for hnprovemonta lo il 8t, Mryls Talia Bhip Oanal las beon lob to Menrs, Doglo & Ttoach, of Oinclnual, Tho lock will bo £0 feot” wido and 450 feot fong; dln doptls 43 16 foet, 1t s pro- posed Lo cloeo up' tho causl abont (o middlo of No- vember, 10,01 to givo ho contractors amplo thro to cumplt(a tho work beforo the opening of eprivg navie antion. —Ttio Deteolt Tribune of tho 10lh pags: "Tho hesvy gauell which ool plsco 1n thin Tocallty and on Lako Iruron, Thursdny sfternoon, waa not withott fin ro- sults, ‘Dotwien Tolut au Borquonnd tho River Bt Clair Jt waa yery Violnt and wn of soma two hours duration, ~ Tho nch 8t Androws, Inden with Ilumber, was atruck whilo off Sand Beach, and loat hor Jibtopeatl, tud boavy planks wero uplutned on lior decks, Tho prop Wenona, on Lako Bt. Oinir, bnd wone of lior wkylights damaged, Vercls nt anchor on thio ivor 6L, Cllr wera driven beforo it for - quite a distatice, but aufferod 1o obhior demage.” —Tho' wreel of the Muteor, which licn sunk on the e nio of Hho river, i Lok Tained i1t nceordanco Witl tho Instructions of tho underwritore, Whon got p, tio caryo reranining in tho wrecls wil Lo tnkon out of hier and further digonition ninda of tho Tk, —Taroly n dny prsics but In €0mo of our lako portn ecatmon desort o Alip, notwithatanding thonrtlclon of ngreemont thoy havo uhgned, aud proceod to libel g veasel at nomo other polnt, 'Tf o cosman hina_ thig articlen, and doscrtn {5 _any United States port, Lin nuny, on tho complaiat of {ho masior, bo arrosiod And ut I foil nntil tho veseel saflaor (b mastor requires is dinclinrgo, o cxpous of thia commilmont and aupport whilo fn prison, and nlso the charge for n por- sonemployed in bis place, oro to bo deducted from hia wagen, il wagges, liowover, nronot stopped during 8 Imipriscument, —A side-wlhoel sleamer eallod tho Dispatch, which formerly pliod botween Port Stanloy and BuiTalo, wos tho firnl Lo commonco tho towing of vosrola botweon Lakes Erlo and Turon, Tho tug Iowiiton_Morton camo out in 185% and ico towed (hrough.. _Sho was ubaequontly robullt and ealled tho W, K. Muir, and aftorvards oxploded on tho St, Clatr River, killing tho Coplain and soveral othern, —It Ia ntabad, on oxcellont anthority, that Georgo 1. Sargent, of Duluth, has concluded negotiations with tho Budgets, of Dristol, Kngland, and Torbes & Dav- #om, of London, fo conatruiat six nioamors for $760,000, Thiéno hortn wil forra s lino from Duffalo to Dulufl, ~Tho solir Nofliern Bollo, sunk by tho Annio Vought, was insurod for 415,000, Bho waa on hor firat trip, after belng tioroughly ovorhaulod and rebullt ot ou Gxponno of somo $4,000, Tho Captain faya ho wold not bave taken $20,000 for Ler. —Tho contract for somo moat lmportant scctlons of tho Wellsnd Caual woro slgned on Thuradoy ot Thor- old by Jobin Nrown, In hlf an hour aftorward a park of th atone for tho upper lockn wan delivored on tho ground, Alno at Bt Cathorincs, Onk., coptracts for work woro duly exocuted. —Vossol mon say tho sclir. Northorn Boll can bo ratcerd. It ds not thought that siio can bo in more than 10 fatliomn of water, Thn wreek lica in tho maln chans nel, butweon Littlo Travorsa and tho Foxes, and about 10 radles souths of SkillaglloNocf. Hor sphra have bo- coma dotached from tho hull, nnd aro floating on tho surfaco, Thoy will prove u0'obstaclo to passing ves- sels, owover. ! —Tiio roason why no lights wero snon on tho achr Annte Vought at tho tiwoof tho collision with the Northorn Jello was, that sho oertion hor lighta aft of hor mizzon, rigging apd lios quartors, Wi oro very rounding, aud covor thom {rom viow whon caming - head on, —Tho Milwnuken Sentinel of tho 21etsays: * Tho Dow vorsel lannchod at Wolf & Davidson's, Saturdoy, falrly bloomed with bunting yosterday, and wos an obe Jeo of intarent to_ veael-ownors, Largo numbors vis- dted tho craft during the doy.” NEW PUBLIOATIONS. )PUPULAR SCIENCE NONTHLY, 9 CONDUCTED DY H. L. YOUMANS. NC. XVI, PRIOE, FIFTY OENTS, Contenta of No, 10) for August, L. Elnctric Toleg By Prof. A. P, Doschanol. (Illustratod). 1L Tho Study of Soclology—Disclpline. By Horbort Spencer. y 111, Fouiprint tho Rooks, By Prof, ): A iR toack:. (ifhirivatoay, 17 Trols Chierlos V. Tho Naturonnd Influcuce of Foods. By Dr, Ed. ward Smith, V. Lunar Temporaturos. VI Tho Probloms of tha Docp Boa. 1tuxloy, aphe, Selir Drivor, Ludingtos, 160 m lumber, Sclir Sinaf, ‘Ludington, 120 m lumbor, 15 balf-brls Bebr O, Shaw, South Haven, 46 corda bark, Schr John Tibbotts, Manistéo, 135 1 Jumler, Bargo Willism Burd, Grand Hoven, 100 m lumbor, Bargo Grand Havon, Gity of Grsu! Havas, 220 fnan- = her, ‘Bargo Golden Marvost, Grand Haven, 360 m lumber, Bcow M. N. Dunham, Piko's Pier, 100 cords wood. Bchir Donmark, Ogantz Bay, 8,400 cedar posts, Schr Ouyahogs, Ulevuland, 423 tons col, - Stmr Annio Youog, BulTalo, 1,500 brls salt. Scbr O, Morrison, Whito L3ks, 100 1 luinber, 3. ath, Sohr Despateh, Stargeon By, 170 m lmber, Dargo Coutest, Muskegon, 239 m Iumbor. Hiclir Queon of tho Weat, Munkegon, 170 1n Jumber. Targo Comot, Muskegar, 330 m lumber. - Hobir Z, G. Binmons, Manlsteo, 120 m lumbor. Solr Octavla, Whito Lake, 130 m lumber, 3 m pickets. Scow Magdalena, Whito Liko, 70 cords wood. Sobr Jenny Lind, Grand Haven, 00 m lumber. Bark Menominee, Meuominoe, $20 m lumbor, Behr Whito Cloud, Clovoland, 450 tons coal. Bebr 0. G. Coopor, Clovoland, 639 toua coal, Sehr B, Batos, Mohomineo, 145 m lumbor, 450 m shin- gles, Schr Hamilton, Garden Bay, 3,570 raflrond tics, Schr Black Hawk, Littls Traverse, 124 cords wood, Scbr Kmeline, Muskegon, 120 m limber, Prop Annjo Lours, Muskegon, 200 m lumbr, Sehr L. McDonald, Manisteo, 170 m lumber, Scbr Lalio Forcat, Duffalo, 630 tons:col, Prop Tdako, Butlalo, 080 brls sugar; 951 pkgs fal, and sundries, Prop Jamos Fisk, Ir,, Buffalo, 600 brls sugar, Selir Guba, Ludngin, 200 i lumbor, Selyr Madison, Whito Lake, 75 m jumber. Prop Normau, Marquetto, 977 tous fron oro, Belur Bossfo Boalt, Jacksonport, 1,800 telograph poles, 2,000 cedar posts, ‘Bargo Wolverine, Grand Iayon, 200 m lumber, ARRIVED............July 20, Stmr B, ¥, Wado, Port Huron, sundrica. Bargo Active, Peslatigo, 330 ' lumber, 8tmr Corona, 8t. Joeoph, 1,413 casea fruit, 18 Lxa sh, Btur Manltowoc, Sucboygat, 100 brla flotr, and sune dries, ARRIVED............July 10, Barge Mantonoo, Pealitigo, 60 i fumber. CLEARED..... .. July 21, Selir Mary Collins, Buffalo, 17,960 bu cord. Bchr J, I, Rutter, Buffalo, 64,000 bu corn, Prop Moniana, Bufialo, 34,500 bu_corn, 53,000 bu oats, 400 bels Hour, 600 acks oll cake. Prop Wi, T. Graves, Duifalo, 43,720 bu corn, Boow Laurel, Duck Lako, 1,400 b oate, 8 bia bost, 8 rls pork, Sehr Progross, Holland, 4 bels pork, 1 brl beef. Scbir E, G, Gray, Muskégon, 50 brl salt, Prop Chas, Rietz, Manistoo, 300 bu oats, 8 brls of), 5 brls beef, S brla pork. Behr G, D, Russoll, BufTalo, 60,000 bu corn, Schr J. B, Wilbur, BufTalo, 27,000 bu corn. Bark E, Jonos, Bilffalo, 40,000 bu corn. Prop Alaska, Erlo, 300 brls flour, 00 brls flonr, Bargo E. E. Tyson, Menominoo, sundrics, OLEARED.....,......3uly 10, ‘Prop Bovorelgn, Montrcal, 100 brls fiour, %00 brls corn ‘moal ; 8t.'Cathiorincd, 17,000 bu wiicat, Prop D, Bllontine, Suffald, 45,000 bu corn. Behr Jolin ¥, Mott, Kingaton, 19,000 bu corn. Schr Hoboken, Kingston, 19,007 bu cora. Scbr Gilbert Molllson, Klngston, 20,143 bu corn, Prop Scatin, Montrodl, 18 balta buffalo robes, T7 ales broom corn ¢ Port Golborne, sundrica. Prop Mohawk, Buffalo, 35,610 bu corn, G0 brls flour, 300 brla’ highwirica, Prop Joy Gould, Buffalo, 17,000 bu oats, 16,000 bu ‘wiieat 1,000 brls lour, 230 pkgs oll cako, 116 bdls elts, Sctur G, Bmith, Oswogo, 16,200 bu corn. Sobr A; Frodorick, Holland, 26 tam cord moal, Btmr City of Tolodo, Ogdensburgh, 11,943 bu corn, 200 ‘brla flour, 19 bales dry hides, Prop 8, D, Caldwll, Port Hurou, 30,000 bu corn, 400 ‘brla flour, Stmr Corons, 8t, Joseph, 120 sks fecd, Luke Irelghts,- On10Aao, Joly 21,—Lake frelghts wero agtivo at o for corn, and nomimal nt Bie for wheat to Buflalo, Lowor Liko freights quatablo at 100 for corn and 11x(0 for whoat. Tho chartors were: To Buffalo—Schis J, D, Wilbur, Angua Smitli, Onmdon Jr., Orosstlivaito, Eilzabotli’ Joucs, Keldors ‘bouso, Arof, and prop Vanderbllt, corn at 6o; schr Unadills (83turday carly), coru ot 640 ; prop it, Louls, corn ot 630; prop Dadgor Biato, corn on_{brongh rate, To Kinguion—Hchrs Hnight Tomplar, sud’ T, D, larkor, corn nt 10)a; helF Nassau, whoat st 11Xo.” To Port Qolborrio—fchr W. H, Hong nnd J, 6, Richards, corn at o, To Walker- villo—8chr Allco, corn at 4§50, Zros. To. Ogdensburgh —8chr Brooklyn, corn od privale torms, Total ca- paclty cqual o 23000 b whost, 60000 bu_oorn, m Milwaukoo to Bulfalo—solr Lridgowater, oatd on privato terns, 08WwEao, July 17:~Frolghts romafn wnohanged, Tho following ‘chiarlor 8 roported ; To Dotroli—Sair A, L e A bl e S ported by M, II. UerALO, July 18,—Olinrlora To L 11, Brmith, Baq's Briy N, 3, Biandacd, Gosl 19 Optcago ai $1.19% per ton, fr r Ataunto, coal to Olicago, ap-town dock, 'at §1.23 por ton, freo, Noported by Capt. Tom Coliina ; Belr Preblo, stono o Cleveland at £3,00 per cord, {ro0; solr L. Hasina, coal to Ohicago o $113)§ yer tot, frod; schr Gol. Cook, ealt to Clovaland at'Goper brl £, 0, b, § chr Amaranth, conl to Chlcago 8t $1,20 por ton, £ro0, to Norih Kollitig ALt s schr At~ ‘moaphere, coal’ to Ohloago af §1,13%6 per fon, freo; solir d, Kolderhouse, samo. Miscelluncoun Itemm. From the Duffalo Commereial Advertiser of tho 18k inat, wo tako the following: A disputeh from Lort Qollioruo to Capt, E, P, Dorr, dated i morning, says hiat the sclur Eurcka i aslioro at that place bohind the saet . 6l 18 Joadod with coal, sud 1s- uow full of water,” * —From the Buffalo Eepress of tho 16th wo fako {lio following : * 'Tho hl? Tolier yesterday towed to Tonas wands the largest raft that ever entered that port, It will cover an aren of eloven ocres, The sctusl meas. nrement 14 4,300,000 ook pino_ naw-loge, convlgned fo and owned by 11, P, Bmith & Bou —Dy (ho courss of tho voysgo {s not meant tho ehortest course the ship can take from hor port of de~ parture to lier port of destination, but tho usual aud customary track, And it is customary for vessels in tho courso of- the voyago to stop ut certain places, though ont of tho diract Nno, it I not doviation, It ‘must boshown, however, that {t has boon the long and uniform custom for vossels to stop at such placos, aud By Prof. T. I, VII Condensot Milk in Eogland. By Dr. Ediward Lankestor, VIIL Lawly Vegotablo Forms. By Rov, Hugh Maoratl- n, g IX. Tho Weathor and tho Sun. Dy Richard A, Proc- or. X, Orlontals ot Vionna, XX Tho Murbid Liffoots of Heat. By Dr. Wm. J. Youmans, XII, Skotoh of Prof, Coflin. (Portrlt). XILL. Connesronprioe: Tpdronhobis an Actusl, alvae an Taginary Disosio—Tho Tratsfusion of Blood. XIV. Evrtows TAbLE: Sclonco in Educationsl Dis- elpline, Lirrnany Norioes: Holmbolts's Popular Laoe tures on Selentitic’ Subjaota—\Valton's Minoral Bprings of tho Unitud States apd Canads— Sponcer'a Doscrintivo Soclology—Pyuchon’s In- trodnctlon o Chemical Physics, ote., oto, imcELLAY: Foull Moukoys-Light Wasos and SHound-Waves—Moteorological Observations in [ (o Uppor Atmosphero—Social Rolatinna of Ants i Jiluboritad 1racon of Surgient Onurations-~ Gl Tiaters—Thg Facalty of Direotion—Hubits of tio Yarpoiso—Lorsistence of Cliala Tonu—Spongus—Tute Papor—Iuct Slaguls Crawtis in Central ln- fux Spena Itaco—Roproduetion _of " Iyes 'in The Amnrantus Blituin—Discovery of Anclent Desptien Biinvs~ha Sack-Trou—Sub- atitute for Quinine, Nowws, Tho POPULAR SCIENCE MONTRLY 18 publishod Inalargo octvo, Hndruicly riutad o Olone tspor - Lorins, Fieg Btlara por anvois s or, Fily eonts poseapr. CLUB TERMS. Any peraon romitting Twonty Dollacs for four searly subseriptlons will recelvo au- oxtra copy gratls, of fiva yearls eubgeriptions fur 520, ho POPULAR SCIENCE MoNINLY and ATFLETON'S JOUNNAL for ono soar, 88, T, APPLETON & CO, Publisters, 549 & 551 Brondway, No Y. TO RENT, OFFICES. A few Very Desirable Offices are offered for rent in the Trib- une Building. Single or in suites. ‘With and without Vaults. English Tile Floors through- out the Building. Elevator running during all business hours, These Offices are not equaled in the city. The best for all classes of business requiring a central lo- cation, W. C. DOW, Room 21 Tribune Building. BUSINESS CHANCES. FOR SALE. Valuablo mill pro @ timb Rivor, “Hitdwiin Shttye Al nows ae S TGS MILE TRACT." About olght thonusnd Boros (8.000) of psavily-thuborod laud, with wator comnianioation to 3o~ “Tho il 13 noarly now, and th wholo will bo sold low; pasbcant and oy “Apoly 1o ZOPHAR DILLS, 14 Fro TSty New York, or L, Attornoy, obilo, ‘Ala. SUMMER RESORT. IHATFIRLD FEOUSH, Massena Springs, on Raquotto Rivor, throo milox Bt Tawrunca ifvar, wil opbi, Junegs fos rosontior nt osta, Accommodation first-class, Tho Hotel ls entire. v, aiud bas boon fittod and furnished writh uvery tod: om convantunica. Good Hahinie and huntiug. oo pess priotors liave dutrmined ta Rroacut & honse Th ovory Wy ety or batzanago. hoSratirs arotighiy recominon oy thamadical faculty in wide ranga of dlsoasos, (1ulda to Bjirlngs may bo' hiad of Cawwail, fngard & Goy, 11fihe grlfivtel, N V. Addroas HATRIELD B0, Hassonn prings, Bt Tawronco Ca.y N. V., or 130 Front-at., No ¥ MACHINERY, TTWILLIAM A, HARRIS, Providonce, R. 1., Buildor of the HARRIS-CORLISS ENGINE With Uarris' Patontod Luprovoments. Sond for Cirou~ - DISSOLUTION NOTICES. DISSOLUTION. Notloa {s Loreby given that tho finn of Imhiof & Rtz has Loon dissolved by mutusl couseut, Obas, E, Ertz will colloct all outatanding accounts and pay all lisbill. to THRODORE 1. IMIIOY, OHAB, 1t RRTZ. FPOR SALE. BARLOW'S INDIGO BLUE valnd best axtiole bu tho markot for BLUL. T E! ‘T'ho gonuine hxs both Karloy nd Wilthos namos on the Jabol d Is put t Wiltbor ' Fo B8 ettt W, i, KD~ ¥or salo by Groooss and Drugatite, 000" AMUSEMENTS, NORTH SIDE TURNER HALL, THE LAST CONCERT IN AMERICA. FAREWELL TO CHICAGO. WILL BE GIVEN BY TIIE FAMOUS Dand of the Royal Saxon Sharpstooters, Reglment Mo, 108 (Prince George, from Dresden, This (Tuesday) Evening, July 22, 0t 8 p. m., nt NORTH SIDE TURNER HALL. — ADMISSION, $1.00- HOOLEY'S THEATRE. o PO g O SONEDT e o PATRONIZED BY TIE KLiTIE OF S8OCIETY | ANOTHRR GRAND TREAT { Mondas, July a1, ovory night, and Wadnosday and Bat. urday Malinors, B ) ¢ e Aiabinoen, Brat thino'atiis Tiiontro, Rabortson's With an pugmentod Company and Risbornto & Drensor, £6," In Rehioarsne * Lilliarts Lnst Lovoc MoVICKER'S THEATRE, ONE WERK ONLY, COMMENOING MONDATY, JULYTY 21. Grand Matinooo Satarday at 33§ o'clock. Tixcolling all rivals and compotition, Roturn of tho ‘world-ronuwnod 3 DUPRBEZ & BEANBEDICT’S GIGANTIO MINSTRELS rom thotr. gront Southorn Lour, arowacd with Lrillinut sncocs. Now o (holr S1ss aiintal taur, . Tho Inrgent and most powsrful Comnsny 4 oxlatono, " Tor partloulaen 800 prog aimiios. AQitALoms G0and 7 conta, Chioloa soate, S1c RISING STAR LODGE, NO. 60, OF I. O, F. 8. 0. OF I, First Auwwmal Exewsion fo Hilwankee, ON BUNDAY, JULY 27, 1873. Tiokota for round tr) 12,60, nclud] dmissfon te fhogrounds; Bxcurion Lt s Thsam g, 1 NI o Kinalo and Oanal-sta. % 8 8, m, s Sud foavos tio Mitwaukoo Dopot at il p. m, "Om. nibuses will bo in attendanco to tako passongors to and £rum tho grounds frso of ohargo, ' Tickots gond for Sun- day and Monday. Omnibusea will bo {4 roadinoss to taka ‘pasaongors at tho roturn of Excursion 'T'rain to any part of thoelty. Tickots forsalo_at D. Bamson's, 131 Cln: Tt 5% el e 2, 'cor. Halstad 8nd . Harrison-ata.{ Baalen's, 668 Woat Lako-at > G DR, KAHN'S VAGNIFICENT ANATOMICAL MUSEDH, From New York, OF Macvol, Bolonoo, and Att, 118 South Olark-st., noar Madison, Tickots, [0 i 3 R ke a1 senlonta 1 HAVANA LOTTERY, ROYAL HAVANA LOTTERY. Eebekil g5E88E ZEEEEERESE! = 800 30 B00:2 40, 00, 000 248 h 3,1 i 8iH! 00, "555355§§§ 500, 200! 20 500 800,276 300! 000; ) BEESRAE ... 0| . 12100, 17667, 1500 1047, .mli‘tm.‘.,m 2320, 200 5. 30| I APPROXIMATION PRIZES. No. Prize.|No, Irize,|No. I'vize,|No. Frize,|No, I'ire, 100,000, | 850,000, '] - 25,000, 1" $10,000. 1" 45, 000 LR PN RO O e T I 8! FBELL 00907, SO0 1810 200] 673,200 BT, 31651, 200111815 1 +200 11817,.0.1 30 L3 Ordors llod information farui ] Bpanish Bank Notos sod "i:'}l'fi'x:bfl":‘i.zug: By c2ehods 0.y Hankors, No. 11 Wall-at., Now Yurk. FRAGCTIONAL OURRENCY, $5 Packages FRACTIONAL CURRENCY FOR BALE AT | TRIBUNE OFFICE. et . s RAILROAD TIME TABLE., ARRIVAL AND DEPARTURE OF TRAINS, Summer Arrangement, vnfi‘x‘]‘:‘fvll:l;zf‘:'f::.n' ES:HI?NHK)AXIA"(}XIH.— : -";lalld-’ll’x' i oxcaptel YRR Fivo Binday at 800, son 4 Dallp, 0> OxU0Rt 4 MICHIGAN CENTRAL & GREAT VESTERN RAILROAD3 Depet, foot r.'{_; Lalke tty, mull a0t af Tvcent; Dny xproms.e.se Jackeon” Aocomino tinntie ftxyrom b s ht Kixpross,. * o 10, onwp RO An i Morning lispro 2,000, m.| 8:00p. Nt Hxprars 18410, | "0 . Ty HENRY O, WERTWORTI, Genoral Passougor Agodt. . CHICAGD & ALTON RAILROAD. Chicago, Kansns City and Denver Short Line, vla_Lotlsis @3, Mo, and Chicago, Springfeld, Alon ani St, Louls Through Lina, Enfon epot, West Siido, near Yatinon-os bridye, Tickét Ofices : At Depol, and 123 Kandolpheat, Teave, Arrive, Kanass Qlty Expresayin Jnokaon- villo, Til., and Loutann, Alo,. (¥ 8:15 8, m. Kanens ity Voat tixprety =it Jnokaonvillo, 1iL,, aud Lontsie 808, MOy ceutarseraruossoresones [ 02007 8t. Lonls Kriross, 'via Main Fivio|* 8:10 a. m. 8t; Louls Fast Lxpross, via an Tige.... %‘\anl\nhl Fx) pringiield Fast Rxfieons, doflorson Uity Kxpron Poorls, Iienkui & Buri'n' fa.. Wanarin, Laoon, and Wsh Taxpros: 5o CMICAGO. MILWAUKEE & SI. PAUL RAILAY, 3 St Glariontey oppostts Shorman. Hoiscs aretay Dot Leave, Arrice, Bllwankes, St. Paul & Minnosp-| IR DAY TD7088. 1 sv ez ers oot |* Milwaukeo & Prairio”'du " Clifoa| Mall nnd xpross. Milwnukoc, Kt Pa olis Night Expross. 303, m, | 8:60 8, m, 5:00p, m, *11:00a. m., £9:30 p. m. |* 4:15 p. m, CHICAGD, BURLINGTON & UUINCY RAILROAD. Depole—Foot of Lakeat,, Indlanaw., and Stxteentliiat,, and Canal and Sizteenth-ats, Ticket ofices, No, 69 Clarke at., and at depts, Arrive, Aurora Passongos londota & Ottawa Passongo Downor's Grovo Accommodation Auror Passongor... :35a. m, Aurora agasngor (s k 103003 ll.’!nlmqnu&‘rlstxnflig ity Exp. a5 a acill Ot vvco 0. Divrnor's Grovo Avcemmafiioals s b e ILLINOIS GENTRAL RAILROAD. Depot foot af Lakest, and foot of Teenty-second-at. fices, 131 Randalyhates near- Clarks iy §t, Tonls Expross, Bt Louis 1ast Lin Cnlro Mail, Cairo l’.xr d ¥ itlingham Passongor, Hunlukoo Passonior Tiydo Parkand Oak 1 Iiyda Parkand Oak Woor 113do Bark and Onk Wood 1130 Park and Oak Woods 5o bark and Bk Wood 0 Bark and Qal Yo Hydo Parkend Oak Wood: Hjydo Park and Oak Waoods 1340 Park and Oak Wooda, CHICAGO & NORTHWESTERN RAILROAD. Cily afflces, coruer Randolph ant LaSalleats., and 75 Canale oty cornier Madisan-tt, Arrive. . Zeave, PacifloFast Li Dubuniio Day fox. 41 6 p, m, 165 e Pacific Night ixproa: - 6:30 a. m, Dubuno Mght e wis Cifnto e Tyeoport & Dubnquio Expross, 00 p. 1m. Frooport & Dubuque lixpress. 16 B m. Milwankes Mal., 15 8. m. Milwaukeo Jixpros: 00 p. Tt Milwaukoo Passongs 40D, m. Milwaukeo Passonge W 3 I ronn 1lay B : Mimuotte Bxpeoss: St. Baul xprises CHICAGO, ROCK ISLAND & PACIFIC RAILROAD. Depot, corner of Vanduren and Sherman-sts, Ticlt ufice, 83 Weat Madtisst; o Leave, ‘ Arrive, Omaba, Loavony'th& Atehison Ex Peru Accommodati Nizhit Expross, Leavonworth & 150, m. 60 1, 1! bemeil 7w e LAKE SHORE & MICHIGAN snunlisnu RAILROAD. pot, Va uren-at,, Jc 1S renl, fices, corner Canal and Madlson-sta, Expross Accom. vla Matn Lino. Mail, via Air Lino and Mal Bpoclal Now Yorlk Lxj ‘Alr Lin Atlantio E; Night I Etknart Accoumodntion, .. Bouth Chicago Accommodiatton. Ef PITTSBURGH. FONT WAYNE & CHICAGO RAILROAD. Arrive, Duy £ 3 Pasile Bxprasse: § e Fast Li *8:00 &, m. Ha,.. 100: . Valpa + a3 p. .l Hiuzh: e CHICAGO, INDIANAPOLIS & CINCINNATI THROUGH LINE, VIA KANKAKEE ROUTE. From the Great Central Rallroad Depot, Yoot of Lake-st. Xor through tickets and sleeping-car beriha apply at our neto Ticket office, 121 Jandolpih- Cunal-st,, corner Madieon; % La. tngton, and at Iilinols Central Depot, car corner Clurk; T4 tlest., corner Washe Toave Obilcago,.. Bdfp, m, Arrivo ot Lafnyotio, 00, . Arrivaat Indianapolis ... 5.0, m. Arrivoat Cineiunatl .. 113 0ibuay m Trains arrive at Ohicago st 7:57n. m,, 8:85a, m,, aud 4i0p. m, Onlyling running Saturday Hight train o In. Qinuapolis and Oluctnnatl, Honth End passongors can got boggnco cliocked and tako train at “Twonty-sosond * CHICAGO & PACIFIC HAILROAD. (OPEN TO ELGIN, 86 MILES.) Depot corner Halatet and North Hranchests, General offea 18 Metropolitan lock, corner Itandulpl and LaSalle.sta, Fapross Passongor, Frelght Accommod| MEDICAL CARDS, DR. C. BIGELOW, GCONFIDENTIAL PHYSIOIAN, {51 STATEST. cago. 105 woll knasrn by all rondors of thio panors that D, 0. Digolow is the oldest establisbod physiclan, having beon practicing in Chicago for the Jast 16 years. Sclonco and Sxperlond havo niado Dr. 11, 1he moat. rénowsod BILis OUALINT of tho awe, horored by tio hross. oateninod of tho highost modical attainments by all the modical In. stitutos of the day, having dovoted TWENTY YEARS OB 1IN LIFE in porfoating romedios thiat witl gura poriz ll'olé the worat casos nf“fl]“lflNla AND PRIVATIS DISEASES of tho GENITO-URINARY ORGANS (n Lot soroe. BUNAT WERKNESS) prodgelng Nitls VOURSNIKS, AVERSION T0 ROOLETY, IMPATILED VISION, LOSS OF MEMORY AND MANHOOD perfectly curod, It Is evidont that ono who coufinos him. 201t o tho wtudy of certaln disoasos, troating thousands of ‘casos ovory year, nust havo groator skill than o physician in'a gonoral practico, ‘Gotlmanof thia slty, of tho highost raspootability, and mombors of tho nbdical faculty now practioing 1o Glilonga, ara willlng and rondy to attost his ‘s, 1ond hts MEDIOAL TRIEATISI for ladios aud gontlomun. Hont ta any auiress 1 eslodnvainne! - CGNAUL % 500 anly this. Dhctor. ONDIENOE CONTIDENTIAL, Addrors. all-lattors to DI 0. BIGELOW, with atampsy No. 151 Stato st Yo payii Dr. Kean, 360 South Clark-st., Chicago, ‘May bo confidentlally onsultod, porsonally ot by mall, froo of nhnrfln on all ghronlo or norvous dlseasos. \ Ju KEAN is tho only plyalolan la tho city whowar- Tanta cures or no pay. Uroon Hook sont for 60 conts. Tllustzated with numor ous fino engravings, DR. STOoR =, 113 WEST MADISON-5T., CIIOAGO, ILL. (s rogular raduato {n modicino), froats all Chronlg and. Prlvata (wasos, of botly soxes. Otires guasantoed. Al Famalo Difficultfes, &o., troatod with safuty and succuss, Mad- loinosfuraiiied. Conultation froo. A hook un privato iscasos, nud ofrouinm, 0., for fod folks--nli freo for two starups, _All lottors ‘contidontial, Dy TO VY NS TEN I, 183 BOUTH OLARK-ST, GQontiunos {0 oura all Chronto, Norvous, aud Ueinary Disoasos of both soxos, and iy be couliduntially cone sulted, porsovally or by miail, freo of charge, Fonle inioulttba trontod with safoly aud mncoss. — iia Modlical roatiso to ladios and gontlumen sont frev, DR. A, G. OLIN, CONFIDENTIAT, PIVSIOIAN, No, 41 Wost Waslingtowst., Chicaga (st lloor), ouros all private, ohironle, an nofyous dfsonscw in_bazh' vexos, no msttor who have failed. * Call or write; cures gou foud. Conmuitation froa; sarrcspondonoo sonfidontial il vagss full information for two stamps, Sond for vircutar, PRESCRIPTION FREE For the spoody oure af Nervous Debillty, Sportmatorrhooa, EO R Ay A TRy 4o, Any d st has tho ly diouts, Auds 3 Biadi Gty e S5 .