Rensselaer Gazette, Volume 2, Number 37, Rensselaer, Jasper County, 5 January 1859 — THE RAILROAD. [ARTICLE]

THE RAILROAD.

As we intimated last week, we will now proceed to lay before our readers the railroad news we learned of Mr. Schenck during his visit here last week. The President is to meet a company of capitalist in New York about the 20th or 25th of this month, at which he will effect, lip believes, an arrangement which will ensure the construction of the road froip. Rensselaer to Francisville during the -Coining summer. He has corresponded with them the past winter, and they have intimated their willingness to advance the capital necessary. This, it should be borne in mind, has reference only to the piece between here and Francisville. It will be recollected by most of our readK ers that English capitalists have loaned three millions of dollars to the broad guage road now being constructed from Lake Erie to Cincinnati, connecting at the lake with the New York Central, and at Cincinnati with the Ohio and Mississippi, and forming a continues broad guage railroad from New York city to St. Louis. The Ohio link is the only part that remains unfinished. An ’ engineer in the pay of the English capital- . ists recently passed over the Ohio line, and j then went from >St. Louis to Chicago, go- i ing over a portion of country to betravered ; by the Fort Wayny Western Railroad I through Illinois. Mr. Schenck also exhibited to the engineer the profile of the road through Indiana and Illinois, who expressed great satisfaction with the remakably. I.vel surface of the country and the few natural impediments to overcome, such a streams, lilling up, &c. He intimated to the President thrt he should make a favorable report of this road on his return to England, and would also embody some suggestions from the President. This, taken in connection with the fact that the American capitalist in the broad guage road from New York to St. Louis are extremely anxious to form a connection with this road at Akron, Ohio, tills the President with the hope that the English capitalists will take hold of the mat er and advance the necessary funds. In fact, should they do so, and this railroad be completed from Akron west through Ohio, Indiana, Illinois, lowa, and perhaps Nebraska, there can tie , no reasonable doubt that it will not become j the niain trunk of the great American Cen- , tral Railway, and the St. Louis branch mere- , ly a tributary. The scheme is a grand one, , and its prospect of succe s is favorable. I We learn from the ‘President that upward of a million of dollars have been expended in grading through Illinois, and that Mr. Redfield, the contractor, is now laying ct&wn the iron on the Ohio section between Tiffin and Fort Wayne. i