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'' V sri'AM I'KINTINO KsT AIM.ISHMEXT OF It. V, .lOUN'JTONE J> Cd, ''' '.. 1 S.')(i. ■ .' ■ ■ 1 '/ .!\ % r { A. -*% .f"\« J ^- 4 ' . lM CONDITION AND PROSPECT OP THR kixaW anlj piltoaufeee ^iailtoag, FROM DETROIT TO GRAND HAVEN, 185 MILES '*v. y ■•-♦•♦-•■ DETROIT: ^ ^ STEAK PRINTIMQ B8TABLISBUBMT OF B. F. J0HN8T0NB * CO. 1856. A I DIRECTORS. t H. N. WALKER, President Detroit, Michioak. HENRY LEDYARD, " N.P.STEWART, " « H. P. BALDWIN, " •* B. WIGHT, " •* E. A. BRUSH, « " W. M. McCONNELL, Pontiac, " H. P. YALE, Grand Rapids, •« E. B. WARD, Detroit, « C. 0. TROWBRIDGE, Secretary and Treasurer. R. HIGHAM, Chief Engineer. .0.. TO THE STOCKHOLDERS OF THB irfrait aiii Itiltoaiilue ^aitoag dompng* u An amalgamation of the interest of the Detroit & Pontiac and the Oakland Ss Ottawa Rn paid in upon stock subscriptions, !i*8SS,000. In case no other or further subscriptions to our stock is obtained, that account, inchiding all which is to be issmnl to the contractors, and upon wliicli tlioy cannot vote utitil tlieir work is completed and accepted will stand as follows, viz: Stock account, _ |2,'755,r)83 Bonds issucul and to bo issued by tho Detroit an'd Milwaukee Railway Company - - 3,000,000 Bonds issued by Oakland and Ottawa Raihoad Company before consolidated, 224,8.14 Total, -- $5,980,417 You will see, by the Report of your Chief Engineer, that he esti- mates tho nett receipts of your road the first year after it is completed at ^001,700. if this estimate is a fair one, and wo believe it is, and tho cost of your road does not exceed $6,.500,000, instead of tho sum estimated your income will be amply sulKcient to pay all of your inter- est, an eiffkt percent, dividend on your stock, and have a surplus of over one hundred thousand dollara per annum as a sinking fund which will more than pay otf your bonded bebt by the time it becomes due, nnil provide a fund for all necessary repairs. We most strongly urge that this policy should be adopted — a policy which, if adhered to will not only add largely to tho value of your stock, but which will make your credit equal to that of any railway company in tho United States. Wo cannot but congratulate you upon these prospects — prospects which wo Iteliove will bo more than realized if tho road can be finished, as we believe it may be, without unreasonable delay, and with no extra- ordinary sacrifices. All of which is respectfully submitted. IT. N. Walker, Henkv p. Baldwin, B. Wight, H. Ledvard, E. A. Brush, ^ Directors. N. P. Stewart, W. M. McCoNNELL, E. B. Ward, H. P. Yale. ,,^ Detroit, June, 1855. I M "m ./', Iftroit uli Itilhiaiikec lliulliian. STATEMENT OF THE I'UKSKNT CONDITION OF THE DETROIT AXD PONTIAC AND THE OAKLAND AND OTTAWA RAILROADS, WITH THEIR COST AND ESTIMATED BUSINESS WHEN FINISHED. To the President and Directors of the Detroit and Pontiac and the Oakland and Ottawa Rail Bead Companies: Gentlemen: — In view of early action by the stockliolJera of your rcspectivo Companies, relative to accepting or rejecting tlio amendments of your Charters, p.-issed at the last session of the Legis- lature, autliorizing the consolidation of the two roads, under the title of the "Detroit and Milwaukee Railway,'' I have prepared the follow- ing statement of their condition, which is respectfnily submitted to your coneideration. {Detroit anb {Joutlac HaiU'oal). The Pontiac Railroad, commencing in the city of Detroit and terminating at Poutiuo, twenty-five miles in length, was originally con- structed in a cheap manner, with a flat bar rail and trestle work, instead of earth embankments; was three years since reconstructed in the best manner, the trestle bridging having been filled in with eutln the culverts re-built with stone and brick, the superstructure re-laid with a heavy T rail, wrought-iron chairs and oak ties, and ballasted with good material, making a substantial, first-class road. "^ ^^ 8 The termination of the road in the city of Detroit was also changed, and a new track of two miles, laid to the new Depot grounds on the Detroit river. This new track is carried under Jefferson Avenue and several other importnnt streets. The road has ample turnouts and branches at the terminations an J way stations. The buildings of tho Company consist of a brick Engine bouse, for two Engines, and a lar^^e Freight house in the vilhge of Pontiac; a Freight house at Birmingham ; a Freight hous« and waiter station at Royal Oak, and in the city of Detroit, an Engine house for six Engines, a Machine shop with steam power and tools all of the best kind, suflB- cient to keep up the machinery of the road; a smith shop, wood sheds water, any have contracts for most of the right of way, and are negotiating as fast as possible for the remainder. It is grati- fying to remark, that the Company have not been obliged to pay exorbitant damages for the right of way, and that the best feeling exists between the Company and the land owners on the line of the road. Where stations have been established, the lands for the use of the Company have been secured free of cost, and in all cases, amply suffi- cient in extent. In the city of Detroit, the Company have purchased a valuable tract of land for Depot purposes. This land is adjoining the lauds of the Pontiac road, and with them, gives a river front of 1 G50 feet, by an average width of 300 feet. This land is admirably situated for the purposes intended, being on the Detroit river, immediately opposite ^he terminus of the Great Western Railway, with a river front of one- third of a mile, near the conmiercial centre of the city. The accom- panying map of the city of Detroit, shows the location of the Depot grounds, and the connection with the Great Western Railway and the comuieree of the Lakes. The progress of the work under the contracts, hus not been as rapid as was anticipated, but considering the unfavorable times, much has been accomplished, and that done in a manner which may be made available at an eatly day. There are certain well developed and established points on the road where traffic centers frotn a large surrounding territory, where the road might be temporarily terminated, and the portion constructed made productive, by being put in operation, in connection with the Pontiac railroad. The very unfavorable time in regard to financial diflSculties, in which 10 your road was commenced, and particularly the impaired confidence in railroad investments, made this contingency possible, even in a road as important and which promises as favorably as the Oakland and Ottawa Railroad, and the progress of the work was therefore airanged, (hat in case of necessity, the road might bo finished to meet these important points in succession. The first of these business centres we meet at FontonviJle, twenty-five miles west of Pontiac, twelve miles south of Flint and six miles from Grand ||]31anc; from which last place, is a plank road leading north foity-thrce miles, through Flint to Saginaw. The roadway to Fentonvlllo is nearly ready for the superatructuro, requireing only 40,000 yards to finish the grading. The ties are nearly all delivered on the road, tho iron purchased, part of it in Detroit, and the remainder will be there at the opening of navigation. This twenty-five miles of road may bo brought into use in the early part of Juno. From Fentonville to Owasso or Corrunna, (twenty-eight miles) tho next most important centre for traffic, the work is well ad\anced, requiring only 140,000 yards of grading and two bridges over the Shiawassee. The ties are nearly all delivered, and the road may be ready for the cars, (if the iron can be had) by the first of August next* These two sections embrace the work on the fiist contracts. From Owasso to Ionia, the Contractors are at work tho entire distance. The woik is light and at the rate of progress which has been made since it was commenced, tho grading will bo ready for the superstruc- ture in September next. From Ionia to Lake Michigan, there is no very formidable work or any great physical difEcuUies to be ovormore, that need requiie more than eighteen months to accomplish. With funds at the com maud of the Company, the whole lino of the road from Pontiac to uiaiiu Haven, can be finished and in full working order, by the autumn of 1856. The estimates of the cost of tho road from Detroit to Lake Michiiran including tho road from Detroit to Ponliac, amount to 80,192,050. / " % - 11 The following are the details of the estimated cost of the road^ mad© up from the contracts, which are for specific sums lor the grading bridging, masonry, fencing and superstructure, including iron from Owasso to Grand Haven. (Estimates* DETROIT AND MILWAUKEE RAILWAY. 185 miles of single track and 18 miles of sidelings. Buildings and Rolling Stock complete. DETROIT AND PONTIAC RAILROAD. 22 miles of single track, at $25,000 $550,000 1 « « « « (Pontiac) « 40,0C0 40,000 2 " " « « (Detroit) " 50,000 100,000 1 '• « sidelings at stations, " 25,000 25,000 Depot lands in Pontiac,.. - 10,000 Depot lands at Way Stations, . 5,000 Depot lands in Detroit,... _ 75,000 Buildings in Pontiac and at Way Stations, 5,000 Buildings in Detroit,... - 20,000 Tools and Steam Power in Detroit, --- 1 0,000 5 Locomotives, 25,000 4 Passenger Care, 5,000 40 Freight Oars, 20,000 Fuel, iron and stock on hand for repairs, Ofiice furniture, &c., 10,000 Total, $900,000 OAKLAND AND OTTAWA RAILROAD — FROM PONTIAC TO GRAND HAVEN. JProm Pontiac to Owasso. Contract for constructing the road from Pon- tiac to Coruuna, including grubbing and clt-aiing, grading, bridging, ctilverts, road crossings, superstructure, &c., $340,000 Contract for same from Corunna to Owasso, 11,000 Contract for fencing from Pontiac to Owasso, 28,150 Contract for ties from Pontiac to Owasso, 31,900 5,600 tons iron rails dolivered in Detroit at $80 per ton, 448,000 1 40 tons spikes at $100 per ton on delivery, 14,000 90 tons chairs at $100 per ton on delivery, 9,000 $882,050 12 Prom Owasso to Grand Haven. For railway complete ( except the lands and buildings,) from Owasso to tJraud Ha- ven, as per contract with N. P. Stewart & Co., 3,500,000 Depot grounds in Detroit, - 230,000 LiUids and damages, 50,000 Station buildings at 24 ytalions, averaging i2,000,._l.._ 50,000 Engine house at Grand Haven, for ten en- gines .- 1 5,000 Engine house centre of line, 15,000 Engine house at Detroit, for twenty engines, 20,000 Fi eight and Passenger buildings at Detroit ^ind Grand Haven, _ 30000 Twenty Engines at $9,000,. 180,000 Four hundred Freight cars at |700, 280,000 Eighteen Passenger cars at $2,500, 45,000 Engineering, &c., _. 75,000 4,410,000 Dei roit and Poutiac road, 900,000 Total, §6,192,050 Equal to $30,502 71 per mile, for 203 miles of railway and side- lings. The capacity of your railway for business, by reason of the low- grades, the large radius of the curves and the great proportion of straight line to the curves, will exceed that of the New York Cen- tral or the Great Western Railway in Canada. The steepest grade E;ist, in the direction of the heaviest traHTK', will not exceed thirty-one feet to the mile; while the most formidable to be overcome going West, will he no more than thirty-five feet to the mile, and that in the aggregate for only about five and a half miles. The curves, except at the Depot, are practically nearly e(|ual to straight lines, being from five thousand to twenty-five thousand feet radius. The Detroit and Milwaukee Railway, when finished, will bo a comi)leto work in itself, extending across the entire State, from the navigable waters at the city of Detroit, the Commcicial cai»ital of Ihe State, to Lake Michigan, and might rely solely upon the lesources of --^/ \ W- 13 the contiguous territory along the line for support : but its position as part of the great Northern trunk line from lioston and New Yoik, to the Mississippi rivci', and finally from thence to the Pacific Ocean, gives it, ill a measure, a National character, and secures a large amount of through traffic between the country west of Lake Michi- gan, and the East. The connection of your Railway with the East, is the Great West- ern Railway, from Detroit to Niagara Falls, crossing the Niagara river on the Suspension Bridge, thence by the New York Central Railroad to Albany, and from thence by the Hudson River Railroad or Steamboats to New York; or, from Albany to Boston, by the Albany and Boston Railroad. Another connection with the East is by the Great Western Railway to Paris, thence by the Buffal > and Brantford road to Butfalo; and from thence to the sea-board, by the several routes emanating from that city. Through the season of navigation on the Lakes, the steamboats from Detroit to ButValo will furnish facilities for heavy freight and ciieap transportation. Oil the West, the connection will be made by Ferries across Lake Mii'liigan, with the roads in Wisconsin terminating upon the Ltd• New York and Erie aitd Mihbigan Southern Railroad, " " Detroit and Milwaukee Rallwiy and Man, and Mias. Ruilroad, Uilea. 04U 1048 1078 1061 IM2 l'.'4a IV!7(* 1261 1142 ll.'if. nee iisy 12M I43() 1466 14;!9 1241 Amt. Time. riOSO 23 98 24 73 23 97 925 20 28 9f 29 73 28 97 S2&20 26 Ih 2G 93 26 17 828 70 29 18 29 93 29 17 27 30 47. SI S2.2< 53.61 02.33 57.. M 62.21 03.. I) 62.33 57.51 ri6.48 i>8.1B 56.51 72.61 86.48 8S.18 86.67 63.03 The route by the Detroit and Milwaukee Railway, being one hun- dred and six miles shorter, $3,70 cheaper, and four and a half hours time less than any other line between New York and Milwaukee. The local traffic of your road, will be equal to that of the most fa- vored road in the Western States. Commencing at Detroit, a city of about fifty thousand inhabitants, it runs through the counties of Wayne, Oakland, Genesee, Shiawassee, Clinton, Ionia, Kent and Ottawa, forming the best means of communication with the counties of Oceana, Mason, Newaygo, Mecosta, Montcalm, Gratiot, Isabella, Lapeer, Saginaw, Midland and Tuscola on the north, and with Allegan and portions of Barry, Eaton, Ingham and Livingston, comprising about 15,000 square miles, embracing the fertile valleys of the Shia- wassee, the Maple and the Grand Rivers with their tributaries, a ter- ritory not surpassed by any section of the United States, in natural resources and capability to sustain a dense population and furnish traf- fic for a railway . At Corunna, in Shiawassee county, the road crosses the Bitumi- nous Coal beds, which have now been tested for four years, and found to be of the best quality of coal. At Grand Rapids, the lino passes the Gypsum beds, which are ex- tensively worked, and will form a large item of freight, to supply the wheat growing counties contiguous to your road. 15 In a fonner report, the amount of traffic of your road, was estima- ted from (luit on the Micliigan Central Rjiilroad, and tlio population of the territory tributary to your road, calculated from the annual in- crease, as shown by the census tablos to 1850. Since that report was mado, there has been taken an accurate census of the State, and the population enumerated to May, 1354, a condensed table of which is annexed, and which shows the population to have been greatly under- estimated at the time of that report. To jiulgc of the amount of the local traffic on your road Avhen fin- ished, (ho aimexed tables have been prepared, together with the map, on which is shown the territories tributary to the Michigan Central and the Drlroit and Milwaukee Railway. TABULAR STATEMENT OF THE POPULATION, PRODUCTS AND IMPUOVE- MENTS IN THE COUNTRY TRIUUTARV TO THE " DETROIT AND MIL- WAUKEE RAILWAY." a > 1 .S C 1 1 u. a <2 it 1 Counties. •3 £ ■r s. OD jfl iK z "^ 'Z a "3 .! «.. u ■s 9 •g tr. S= »-i s a (.- tM s 3 a .3 c ^ wt^ .£> rfi C 3 1 d 6 6 6 d d '* ^ _o !<•. 11,4 Ml 1.7,0hv y. SC Z 111 U. w C5 Allo^c«ll. }i ;!,!)(I2 1I,.'.75 2(!,l)16 II 0,5.")2,50O 2 6,190 Uiiiry, ,'3 ;i iHio L-i.'.MIi .'.4.7'Jl.' 74,4311 18.6(1!) 28,724 11 2,04,'i,iilK 1 l,7f.O Clinton, 8.01 J 2s,S7(i Ox,7:iK l'8,tiv6 4*,- 3 .'■.3,701 8 I..''i7v:,(l0!' r 1, 0(1 Katon, ,'a 5.4^0 IK.HliO fiti. It'll 53,4 7.'i 18,75't 20,241 9 2,437,110(1 2 4,6fi0 (irncsi't', 16,(i7t'. 84,1 5S 101. nit 113,072 74,11; 68,191 20 l?,"9o,0'l( 11 31,750 'irRtiot. 3,(1 1 InpilMin, .'9 fsOlft 21!,: 3'.' 7'J,S0I 52,«8-> 18,181- 27,722 7 1 f 2",l>0li 2 (!.725 IsubvUu, .Mill 'oiiia, lii7-'7 47,2' 'li nno'J l.M.tiSO 70,3;i2 99,599 18 SCiO.fiflO 8 17,8.'iO Ivi'Ut, 17,8()» ti'J.O.'ll l70i.Nl 2'i7,72>i 9!^,99l ii8,900 ;!0 i3,(;.'>o,ooi 1 30.620 I .a peer, !),7iU 44,'i,'I 1 n.MKi 120,751 .Vl,2!)8 5",680 32 15 (lO'.OOO r, 15,000 Livingston, }i 7,('91i 50.573 180 212 100,389 32,0 U 57,206 13 l,.-.-5,00i 8 15,095 MasiKi, f)()() Mai'ouib, iSiu P.V4U. 200,fi65 2-29,473 103,-f4 120,290 32 12,(>99,0«' 9 24,840. Mcoosltt, r)n(i Midluiil, \,bm Moiitcnim, 2 00(1 .V39T 17,l-.o 10,6 '0 12,154 13,036 l." 7,000,000 I Newayno, y-!! 3,0j)? 4,410 6,111 t31 2,042 1 6,3lO,0.;0 2 125 Ocemia, •.',("!•' ' ItlftWll, 7,.Tt7 i.i,r7N i9.r.7i 62,198 21 512 4?,5l] 40 59,«iO,000 «~i 1,.W0 Oiilc'an.i. ;u,SK4 'JI.'i.iHill 770,014 47«,«no 18J,3('l 214,178 4K 15 3t'iO(Hi 25 9»,640 ■^arfiiaw, SlHawii-^sec, 10,0(10 2,fi7J 7,vlf, fp.Oi).''. 9,3 C 5.02:; •1 * 1C2, 42,895 600 7,4 n 30,0)3 74,171 (>4,H»- 2t\3Ml 3:»,62'.i f. 1 3(IO,(iOfl 5,884 1 imool.'i, l.iilM 3,4HI 3 102 (5,4.11 f.,tl38 7.03H t> 3,850.000 IOC Wayne, ,'i rt.'>,7VH 47,12.H H.'),0 i .•!2!t,;:8!l 157,Hr2 2,0>1«9S 7 815 872.881 120,94-2 l.NO.llf- i7 3^2 S0,16l,H('5 m5(>,000,(iOO 24,476 •Jll.Kil; KLO,»04 8" 288,9001 16 TABULAR STATEMKNT OF THE POPPLATION, PRODUCTS AND IMPRCVK- MENTS IK THE COUNTIES TRIBUTARY TO THS "MICIIIQAN CENTRAL RAILROAD," 1854. i t £ 1 , d ! i 1 ic ^ c5 o a< J 1 i o Couutloi. ', 00 . • m § - s: •s 1 • 9 OD a ■u a 3 o Sz; o O 'A 6 I & a. 1 Allegan, >i 3,S02 11,480 27,088 66,751 11,675 28,016 14 6,652,600 6,190 Barry, >i 3,960 l:«,948 54,430 74,439 18,609 28.724 11 2,<'45,00fl 1 1,750 Eiktiin, >i 6,482 18,626 56,46.1 53,475 87,034 20,24; 9 2.437,000 2 4,660 Ingham, >» 5,«ll 22,432 7-^HOJ 72,482 18,754 27,722 I 1,827.501) 2 6,725 LiviDgHtoD, 7,092 56,575 18ll,2l86 Brrrien, 13,849 48,058 139,295 402,955, 32,012 94,310 45 18,646,171 7 46,800 Calhoun, 22,768 121,0J3 480 640 380,021 109,136 124,120 34 4,4l«,00ihl3 113 240 Cara, 13 124 «7,96;i 2)9,022 576,439,303, 137 96,088 25 4,327,000 6 7,360 ■TackKOn, 21.Hf.5 140,674 654 201 374,.S24 98,840 146,968 22 2,800,001' 10 121,860 KhI mazoo. 16,895 05,056 35 ',811 563,741 130,734 95,206 3U 7,3:!6,000 13 27,600 Van Buren, 7,780 80,838 63,611 210.251 46,562 69,206 21 8,6;W,000 3 12,000 Washtenaw, 21,838 177,944 759,572 438,5h3 83,834 170,541 30 9.299,11,1 21 140,600 Wayne, 65,798 47,726 85,63 157,612| 7 815 120,942 28 20,163.605 6 24,475 218,'52 844 309 3,I37,S75 3,450.946 943,330' 1 ,078,2 U 298 86,760,889193 627,836 TABLE OF THE POPULATION AND PRODUCTS DUE THE " DETROIT AND MILWAUKEE RAILWAY," AND THE "MICHIGAN CENTRAL RAIL- ROAD," FROM THE COUNTRY TRIBUTARY TO EACH. i i a s S 1 I B Line of Railway to §• ^ .2 1 wliic 1 the traffic " o o o w s 4 i>du<. 3 •s •g 3 •3 h3 s- 6 O o d s ■s % £ X, Z, 5r, V. :<: ^ Ck b: Uetroic & Milwau- Icee Railway. 241,164 820,404 2,329,389 2,081,695 872,881 1,140,418 352 350.000,000 99 Michigvn Central R>i load. 216,862 844,309 3,137,875 3,45«.946 943,330 1,078244 298 86,760,889 93 Difference. •24,312 f23.9i)A +808,4S1 fl,360,2:.l +70,449 ♦62,174 •54 •263,289,111 •6 • 1 1 favor of Detroit & Mllwauliee Railway, f In favor of Michigan CentrmI Railroad. In these tables it will be observed that while the number of inhab- itants in the territory tributary to the Detroit and Milwaukee Railway, is 24,312 more than the territory tributary to the Central Road, the number of acres of land under improvement is 23,905 less ; the num- ber of of bushels of wheat raised is less by 803,481 ; the number of 17 bushels of corn less Ly 1,301,251 ; tlio number of bushels of other grain less by 70,449, while the number of bushels of potatoes, and the amount of lumber made, exceed that on the Central road. This difference in the amount of product in proportion to the num- ber of inhabitants on i..a line of the two roads, arises in part from the fact that the country on the lino of your road, is more new and heavier timbered than on the Central ro.;d, requiring more time and labor in clearing the lands, and in the want of projier, safe, certain and cheap means of conveying their products to market at all seasons of the year. There is no difference of opinion in regard to the su- periority of the land for all agricultural purposes on the line of your road over any other part of the State, but the expense of transporting the products of the farm in ordinary seasons, is so large a part of the price obtained, that it ceases to be an object to raise for exportation. The difference in the price of wheat the past year at Ionia, on tho lino of tho Detroit and Milwaukee Railway, and Kalamazoo, on the Central road, places equally distant from Detroit, was more than fifty cents per bushel in favor of the Central line. The actual loss to tho county of Ionia alone, was 885,581, on the single article of wheat — a sum more than sufRcioiit to j-iay ten per cent interest, on the cost of the railway through tliat ctmnty. The constructing cif il.u iiiilway through this comparatively no.v country, furnishing a quick and cheap means of transporting the agri- cultural products to market, will stimulate the inhabitants to cultivate and improve their lands, and you may safely calculate that within a year after the completion of tho railway, the agricultural product will be more than doubled. The Milwaukee and Mississippi Railroad, the past year, running through a section of country populated and improved about tho same as on your lino, received $456,804, for trafBc on ninety-seven miles of road, with no through connections, terminating in tho interior of the State, where there was scarcely a white inhabitant fifteen yeais ago, and where the road passes through a country still sparsely populated, with much tho larger proportion of the lands from which the agricul- 18 tural product was taken, to find the way over the road to market, still in a primeval stiite. The Great Western Railway through Canaila, in the fu'st year of its operation, laboring under many disadvantages, received 8782,144, for the traffic of the half year, ending January Slat, 1855, which is nt the rate of 8G,800 per mile of roail, for the year. Assuming that the trafllc on the Detroit and Milwaukee Railwav, when finished, will bo e(iual per mile of road, to that on the Michigan Central Rjiilroad in 1854, and allowing for the lumber, coal and plas- ter, which are not common to that road, we have as follows, vis: For traffic on 195 miles of road, at 85,G40 per mile, 81,043,400 For freight on 20,000,000 feet of lumber, at 85 per M., 100,000 For freight on 20,000 tons uf plaster, an average of 100 miles, at 81,50 per ton, n0,00u For freight on 20,000 tons of coal, at 81,50 per ton, 30,00o Total, 81,203,100 Allowing fifty per cent, of the receipts for exixjnses, re- pairs, and a sinking fund for a renewal of road, G01,'J'0o 001,700 Talking in view the immense territnvy drainijd by your ri;>a'.l, and the rapid increase of population and improvements west of Lake Erie, the above anticipated result is not extravagant, or more in pro- portion th;in any of the main line of roads running in an cast an^l west direction, are receiving at the present time, and it is hardly prac- ticable to anticipate the future traflic. Most of the roads west of the State of New York, before the}' were fairly finished, had more tmfilc than they could do with satisfac- tion, and so rapid is the increase of l.)usiness, that although they aro hardly finished, they are now compelled to lay down a second track, which they are preparing to do. K. HIGirAM, Chief Umincer. il) TABLE OF DISTANCES, TIME AND COST OK I'ASSACE, rr.^M Nnw VOUX TO THE MTSSISSIPl'I UIVEK, BV THE SEVIMl.M, K0UTE3. Vin. Detroit aud Milwaiiki.o Hailwiiy. From New York to ,\ll.;iiiy, .Viiisarn Fall.", Detroit. (Jiiiiii' ilavon, Milwiiukeo, Totn', U Iwiiultet', OublliiUl', 'ml', tin, I'ralri'jdii Cliion, I'ru'rie I.a (iob* Lacrosse to St. 1'uuIh, Totftl, 114 you C'5 !)42 eii"li •20 'I loO VZ\K in. nt f> (H) 5 711 ■I (i2'i 1 0(1 •rilil) 21) 'a 2i) 'Mi- 5 00 1 50 :.]2 l-).Ol 11.21 U.K. Vii. UuiValo aud Mioh. SoutliiTii liailmad From N'uw Vcrl; tfi Alliany, IJiillkln, Toludo, riiioauo, ri-LOiiMiUvaultif, 47.Mp Total, 17.6) Lacrosse, I I Total, lO.OOllN.Y. to Chicago. jiJiilcna, Ll-OOl'St. i'aiils, .'j!,'r>70],i72 .M| Via.Detroit and Mllvvaukco R.ailway,Hnd Maui- towoo and Mississippi liailroad. Total, Q ; -■ 3 144: 2 S- ^■* :i II 2 ( (i CD ;iMO '."., 7 1'o 2r.i 'J', () 05 1078 '§2»7a 2001 2>il 5 OJ 127S yi.i :;j '.)Hti, ' -a 4 J ICO; 2'i, 4 M anont. I 3 10 c 7.121 IJ.lXM l.i.Dl'! 1 2. on i± 10. Ul. li.").'.*! 4'J.l-i 001 .W.liO UH'il Si'.i '.i.'i i^H.U Al!iauy, Ni!V,'ara F«ll.s, Detroit, Grand Haven, Mniilt"noc, St. Pauls, T'^'al, J41 2 .i2 ss ;iiio i^ (i 00 22s 2'v .1 70 1S5 2;. 4 C2!i ion lU 1 00 2s4 2;c 7 ID 1241 .Ti27 3i;,'j Via. New York and Erie and Mich. Southern liuilroaJ. 7.12 iliiiilxirk, I,'). I'M : II. 2-1 I : I'oledo, f'liic.'v:ro, 0.ir.|LMihviiuliee. li.O'l 14.l2|i Tot^d, Li C!0S?e, riH.iirij: ,, ,j.y,j|^ Vi:i. Michi.;nn (Viitiul l^iilioad. !.'''■ '^'- '" C'hicn,c;o, lialt'n'', St. I'auls, Al any, vingira Palis, DitroU, Cliieaso, Milnaulice, Total, La Crosse, Total, N. Y. to GhicjiKO Galena, St. Pauisi, Total, 14-1 ;!nr 22 ^ 2S4 !)2 10 H 200 124S ISO 3U0 ]43fi 2>i 2 I 92 -ss I 7.12 2 ] li 00 lo.nu 2'!l 5 7U ill.il 2':.| 7 in 14.12 2 ;io i.un §.3'.'S 1.02 24 .5 00 |lO.00|| .■•2-< I'.i li;-?.2ij| 21 1-i j47.4--i 4 50 '.i.OM I ;? CO GO.oo' Total. |iio 2 2-57 2,'j 242^ 2', 1(161 21:0 B-» 20 (i 42 G o.^ 2 ;jj VliJIII 12. .il 12 CO 4.31 S'i;i'.!7,'i .-.2.3;ii S'il r. t'O jio ooj '-«2S07M;(;2.;':'' ' 21 f;7i^'47.57l 9.IH'' no.oo' 12.M l.'-O 2!a'' 4 .'0 GW| 2ii| 13 00 M3'.l! .i«-20 17,'a!>?i;.,'17 .S20 1S .48: Av. Iicts of t|e f tjisldurL An Act to incorporate the Detroit and Ponliac Bail Road Company. Sec. 1. Be it enacted by the Legislative Council of the Terri' tory of Michigan, That William Draper, Daniel Lo Roy, David Staiiard, Jolnisoii Niles, Seneca Newberry, Elisba Beach, Benjamin Plielps, Joseph Niles, jr., and Augiistua C. Stephens be, and thoy aro hereby appointed cornniissioneri*, under the direction of a majority of whom, subscriptioiw may bo received to the capital stock of " The Detroit and Pontine Rail Road Company," hereby incorporated ; and they may cause books to bo opened at such tiniesj and j)laccs as they shall direct, for the pui-poso of receiving subscriptions to the capital stock of said company, fust giviug sixty days notice of the times and places of taking said sultscriptious. Sec. 2. The capital stock of said " Detroit and Pontiac Rail Riad Company," shall bo one hundred thousand dollars, in shares of iifty dollars each ; and that as soon as three hundred shares of said stock ghall be subscribed, the subscribers of said stock, with such otlier per- sons as shall associate with them for that purpose, their successors and assigns, shall be, and they are hereby declared and created a body corporate and politic, by the name and stylo of " The Detroit and Pontiac Rail Road Company," with contiimal succession, during the period hereinafter mentioned, and by that name shall be cajiable in law of purchasing, holding, selling, leasing and con\ ying estate, either re»l or personal or mixed, so far as the same may be necessary for the 21 piirpososhfTcinnfttT inoTitiono.l,niKl no further; aiiil in tlnir oorpnratf imino may suo niid bo sucil, nmy have n common no:\\ which th'y may alter nnowers, rijj^ht* ainl privileges, which ajipertaiii to oorpor/f*'» bodies, for the purporty nnd persons upon the same, by tlie power and force of steam, ofanimnla or of any mechanical or other power, or of any cotnbinhtion of them. Sec. 4. If said corporation shall not within twn yoarn from the passage of this act, cDnimeiice the constiuction of said rail mad, ntid shall not within six years from the passage of this art, construct, fini^li nnd put in operation the said rail road, within the tiniu above wkm.- tioned, then the rights, privileges nnd powei's of the said corporation. under this act, shall bo null and void. Sec. 5. Whenever one hundred nnd fifty shares of the afore.y the ilirectuiM o( said company, or majority of t!:e!ii : the directors of the cunijiaiiy sliall hold and cserciBO their offices mitil a new election of presiilciit and directors; all elections which are l^y this act, or the by-laws of the company, to bo made on any paiticular day, if not made <>]i huoh a day, may be made at any tinio thereafter. Sec. 7. A ^^t-neral meeting of the stockholders of taid company shall le lieLl annually, at the time and place appointed for the ap- pointment of president and directors; and a meeting may be calle:nd company, it shall be the duty of the president and directoi's in ')llice for the preceding year, to exhibit a clear and distinct statement 'if the alTairs of the company: and at any called meeting of the stockholders a majority of those present in person or by proxy, may require similar statements from the president and directors, whose duty it shall be furnish them Avhen thus required: and at all general meet- ings of the stockholders, a majority in value of all the stockholders in said company may remove from oflice any president, or any of the di- rectors of said company, and may appoint others in their stead. Sec. 9. Every president and directijr of said company, before he acts as such., shall swear or affirm, that he will well and truly dischai'ge the duties of his office to the best of his skill and judgment. 23 Sec. 10. Tlie said president and directoi-s, or a majority of then:, shall have power to appoint, contract with, and determine the com- pensation of all such officers, engineers, agents or servants whatsoever, as they may deem necessary for the transaction of the business of tlie company, ana rcmo\e them at pleasure ; and the president and di- rectors, or a majority of them, shall have power to determine the n: ancr of adjustirg and settling all accounts against the company; also the manner and evidence of transfers of stock in said company; and they shall have power to pass all by-laws which they may deem necessary for carrying into execution all the powers vested in the company hereby incorporated : Provided, Such by-laws shall not be contrary to the laws of this territory or the Unitcl States. Sec. 11. The prwident and directors of said company shall be, and they are hereby invested with all the privileges, rights and pow- «:'rs necessary for the location, construction, and keeping in repair of ^:tid railroad, not oxccetling one hundred feet in width; and the said president and directors, or their agenL«, or those with whom they may (>intract for making said road, or any part of it, may enter upon, use and excavate any land, which may be wanted for the site of said rail- road, or any other [>urposo, which is necessary in the construction or repair of said road or its works, so soon as the amount of damages is ascertained and tendered, as hereinafter providoL. Sec. 12. The president and directors of said company may agree with tlio owner or owners ot any laud, earth, timber, gravel, stone or other materials, or any articles whatever, which may bo wanted, in the construction or repair of said railroad, or any of its works, for the purchase or occupation of the same; and if such materials, (not pre- viously taken or appropriated by the owner to any particular use ) as may bo necessary f< 'I- tho construction or repair of said railroad, be found on any unimproved laud, adjoining to or near the same, and if tho parties cannot agree, or if the owner or owners of any of them bi- •\ feme covert, under age, non compos mentis, or out of the county in which the property wanted may Wc, application may be made to any justice of tho peace of such county, who shall thereupon issue his wairant under his hand and seal, directed to the sheriff of said county, 24 or if tlie sheriff be interested, to some disinterested person, requiring- him to summon a jury of eighteen freeholders of said count)-, not in any way interested in the matter, or related to the parties, to meet on or near the property or materials to be valued, on a day and hour named in said warrant, not less than five nor more than ten days after the issuing of the same ; and if at the said time and place any of the persons summoned do not attend, the said sheriff or summoner shall immediately summon as many as may be necessary, with the persons in attendance as jurors, to furnish a panel of eighteen jurors, and from them, each party, or hi;;, or her, or their agent, or attorney, or if cither be not present in person, or by agent, the sheriff or summonor for him, her or them, may strike off three jurors, and the remaining shall act as a jury of inquest of damages ; and before they act as such, the sheriff or summoner shall administer to each of them an oath, or af- firmation, that they will justly and impartially value the damages, which the owner or owners will sustain by the use or occupation of the land, materials, or property required by said company ; and the said jury shall reduce their inquisition into writing, and shall sign and seal the same, and it shall then be sent to the clerk of the circuit court of said county, and by said clerk filed in his office, and shall be confirmed by said court at its next session, if no sufficient cause to the contrary is shown ; and when confirmed the same shall be recorded by said clerk, at the expense of said company ; but if set aside, said court may direct another inquisition to be taken in the manner above pre- scribed ; said inquisition shall describe the property taken, or the boun- daries of tho land condemned ; such valuation, when paid or tendered to the owner or owners of said property, his, her or their legal repre- sentatives, shall entitle said company to the estate and interest in the same thus valued as fully as if it had been conveyed by the owner or owners of the same, for such term of time as said company or territo- ry or state, as the case may be, shall occupy tho same as a railroad, and if the valuation bo not received when tendered, it may at any time thereafter be received from the company without cost ; and tho iheriff or summoner and jurors shall bo allowed the ordinary fees foi like service!;, to be taxed by tho court; Provickdy That said company 25 sliall not havo power to take the land of any person for the purposes of said corporation, until fui .. payment shall havo been made or ten- tered to such person, for all damages assessed to him, together with the costs of said inquisition or assessmeut. Sec. 13. Whenever, in the construction of said railroad, it shall be necessary to cross or intersect any established road, it shall bo the duty of said president and director so to construct the railroad across said established road as not to impede the passage or transportation of persons or property along tlie same, or when it shall be necessary to construct it through the land of any individual, it shall be their duty to provide for such individual, jnoper wagon-ways across said road, from one part of his land to another. Sec. 14. If said company shall neglect to provide proper wagon- ways across said road, as required by the preceding section of this act, it shall be lawful for any individual to sue said company, and shall be entitled to such damages as a jury may think him or her entitled to, for such neglect or refusal on the part of said company. Sec. 15. If it shall be necessary for the said railroad company, in the selection of the route, or the construction of the road to be by them laid out and constructed, or any part of it, to connect the same with any turnpike road or bridge, made or erected by any incorporated company, or authorized by any law of this territory, it shall bo lawfid for said president and directors to contract with any other corporation for the right to use such road or bridge, or for transfer of any of the corporate or other rights and privileges of such corporation, to the company hereby incorjwratod ; and every such other corporation act- ing under the laws of this territory, is hereby authorized to make such contract or transfer by and tlu'ough the agency of the person author- ized by the respective acts of incorporation to exercise their corporate powers, or by any persons who are by any law of this territory en- trusted with the management and direction of such turnpike road or bridge, or any of the rights or privileges aforesaid : every contract or transfer made in pursuance of the power and authority hereby grant- ed, when executed by the several parties, under their respective cor- porate seals, shall vest in the company hereby incorporated, all such 26 I'igbts and privileges, and the right to use and enjoy tlic same, as fuhy as they are now used and enjoyed by the said corporations in whon; they arc now vested. Sec. IG. The said President and Directors shall have power to pur- chase with the funds of the company, and place on any railroad con- structed by them under this act, all macliinery, wagons, carriages, or vehicles of any description which they may deem necessary or proper for the purpose of transportation on said road, and that they sIiaK have power to regulate their own tolls and tra.isportation ; and it shal! not bo'lawful for any other company, or any pei'son or persons to trans- port any passengers,merchandise or property of any description whatev- er, along said road, ur any part of it, without the license or perjaissioi, of the said president and directors of said company ; and the said road, with all their improvements, works and profits, and all machinery used ou said road for transportation are hereby vested in said company in- corporated by this act, and their successors, during tho term limited by this act; and the shares of the capital stock of said company shall he considered personal property, and shall be transferable agreeably to the by-laws of said company. Sec. IV. The ;-aid president and directors shall annually or semi- annually, declare and make such dividend as they may deem proper, of the net profits from the resources of said company, deducting tlio necessary current expenses ; and they shall make the dividend amonf the stockholders of said company, in proper proportions to their re- spective shares. Sec. is. If any person or persons shall wilfully, knowingly anil maliciously, by any means whatever, inj ire, impair or destroy any part of the railroad constructed by said company, under this act, or any oi' the necessary works, buildings or machinery of said company, .such person or persons, so offending, shall, each of them, for every suci: offence, forfeit and pay a sum not exceeding five times the amount of damages caused by such offence, which may be recovered in tho name of said company, by an action of debt, in any court having competent jurisdiction in the county wherein the offence shall be committed, and 27 sball also be subject ((■ an iiKlictmcnt; mid, upon conviction of sucr. offence, sball be punished by fine and imprisonment, at the discietiou of the court. Sec. 19. The territory or state shall have the right, at any tiint'. after the expiration of twenty years from the completion of said rail- road, to purcliase and hold the same for the use of the territory, at a price not exceeding the cost of constructing said road, and fourteen per cent, thereon; of which cost an accurate account shall be kept and sub- mitted to the Legislative Council, duly attested by the oath of the oP.i- cers of said company, whenever, and as often as saiil Council shall require the same. Sec. 20. The property of every individual vested in said corpora- tii>n shall be liable to be taken in execution for the payment of his ov }ier just debts, in such man.nor as is or may be [prescribed by law. Sec. 21. That this act shall be favorably construed to eifect the ])urposes thereby intended ; and the same is hereby declared to be a ])ul)lic act, and copies thereof printed by the authority of the territory shall be received as evidence thereof. 8ec. 22. The said company hereby incorporated, shall have the exclusive right of constructing a railroad uu said route, nor shall any other company have a right to construct any other railroad on said route, or within three miles of the said railroad, constructed by said company, for the term of thirty years; Provided, That this act shall not infringe upou the rights of said company heretofore incorporated, for like purposes: and that said company hereby incorporated, shall have power to construct said railroad by the side of the turnpike lead- ing from Detroit to Pontiac, so as not to infringe upon the same: And provided further, That the territory or state shall have the privilege ':'f purchasing said railroad, at the appraisal of commissioners, to be appointed by the Governor and Legislature, after the expiration of the said thirty years, and until so purchased, the said company shall have, hold and enjoy the same. Sec. 23. The said company, incorporated as aforesaid, shall be< and they are hereby authorized to constmct a branch of said raih'oad^ to terminate at the vjUage of Rochester, in the county of Oakland, in 28 like manner and urdor tlio same restrictions as provided by this act for the construction of the said railroad from Detroit to Pontiac; Provided, TIio same shall be couiploted witliin eight years, otherwise this section shall be null and void, and of no effect. Sec. 2-1. The right and privilege are reserved to the territory or any company hereafter to be incorporated under the authority of the territory, to connect with the road hereby provided for, any other rail- road leading from the main route, or from either of the points at which such road terminates; Provided, That in forming such connection no injury shall be done to the works of the company, hereby incorporated ; and the said company so connecting with said road, shall be entitled to the free use of said road, by paying the ordinary tariff of tolls, estab- lished for said road : and the Legislature may also, at any time, autho- rize the construction of other railroals leading from either of said points of termination. Approved March 7, 1834. An Act authorizing a connection between the Detroit and Pontiac and Oakland and Ottawa Railroads, and for other jiurposes. Sec. 1. Be it C7iactcd hj the Senate and House of Pepresenta- tives of the State of Michigan, That the Detroit and Pontiac Railroad Company be, and they are hereby authorized to extend sai'l Railroail so as to connect with the Oakland and Ottawa Railroad when con- structed, thus forming a continuous line of Railroad through the village of Pontiac. Sec. 2. Said Detroit and Pontiac Railroad Company shall have authority, and they are hereby empowered to extend that portion of the Railroad within or without the limits of the city of Detroit, to the Detroit river, and to purchase and to hold lands for Depots and Ma- chine Shops and fixtures, anil said company shall have the same right and authority to contract for land for the track of said Railroad so ex- 29 tended or to bo extended, and also, to tako tlio sarao by appraisal when the sauio cannot bo obtained by contract, as was granted to said Com- pany in reference to other lands, by the original charter of said Com- pany, api)rovcd March seventh, eighteen hvnidred and thirty-four, and in case said Company shall, at any time, bo in possession of any lands for any ])ai't of tho track of said Ilailroad, the title to which shall not be perfect in said Company, the same may be obtained by appraisal or re-appraisal and payment therefor, in the manner prescribed in said original charter. Sec. 3. For tho purpose of tho extension and connection contem- plated by the foregoing provisions, and to enable said Company to re- construct said Railroad with a T rail, the President, Directors and Company of tho Detroit and Pontiac Ilailroad, are hereby authorized to sell or negotiate tho bonds of the Company, at a rate of interest not exceeding eight per cent., at such time and at such places, either withii or without the StJito, and at such rate and for such prices as, in theii opinion, will best advance the interests of the Company, and if such bonds are thus sold at a discount, that such sale shall be as void in every respect .-is if they wcro not sold at their par value. The capital stock of said Conij^any is hereby increased to two hundred thousand dollars, with power to further increase said capital stock to five hundred thousand dollars, tlie stock to be divided into shares of fifty dollara each, and the Company ate hereby authorized to issue its certificates for the same, and register the same upon the books of said Company; provided, Said Company shall issue no bonds for less than one hnn- dred dollars. Sec. 4. Tliis act shall tako effect and bo in force from and after its passage. Approved March 20, 1850. 30 An Act to authorise the consolidation of the Detroit an 7 Pontiuc and the OakUind and OttavMi Railroad Companies, so as to form a. continuous line from Detroit to Lake Jf/chir/an, under the name of the Detroit and Mihonulrc Ruilwa>j Compani/. Sec. 1. The peopio of tlie State of Michigan enact; I'liat tlio De- troit and Pontine llaih'oad Company shall bo known hereafter by the name of the Detroit and Milwaukee Railway Coin})any. Sec. -. The eapitnl stock of said Company may be increased by said Company, from time to time, to an amount not e.\(.'oediiio; ten millions of dollars, in such maimer as ina}' be determined I;y the IJoanl •if Directors of said C'omjiany. Sec. 3. The said Comi)any is hereby authorized, for Uio purpose of forming a continuous line, to purchase all tlio pro])erty, rights and franchises of the Oakland and Ottawa Railroad Company, upon such terms as shall be mutually agreed upon, and the Stockholdei's of the said Oakland and Ottawa Railroail Company, shall, in case. of sale, heoome stockholders of said Detroit and Milwaukee Railway Company in such proportions as may be agreed upon in the terms of sale, and :he said Oakland and Ottawa Railroad Company shall thereupon i'coomo merged in tlio said Detroit and Milwaukee l^iilway Com- ].any. Sec. 4. In case tif (lie said purchase or consolidation, the said Detroit and Milwaukee Railway Company shall hold the whole of said mad and propert}', subject, in all respects, to the original charter of the Detroit and Poiitiao Railroad Company as amended from time to time and shall have full power and authority to exci'cise the powers, pri\ i- ^oges and franchises granted by said charter, over the whole line of ^ai'l roa'la and property, in like manner as if botli of said companies hail originally been incorporated under said charter. Sh;c. 5. All dues, demands, contracts and liabilities of the Oak land and Ottawa Railroad Company shall be and remain in force .igainst the Detroit and Milwaukee Railway Company, in like manner as if originally incurred by said Company, and all rights of creditors, ami all liens upon the property of either of said corporations shall In; h 31 ■md licrcby are preserved uninipairod ; and the respcctise corporations .shall continue to exist, so far as may bo necessary to enforce the same. Sec. 0. All suits and proceedings of whatever name or nature wherein the said Oakhunl and Ottawa Railroad Company is con- cerned, or in anywise interostoil, shall continue; and the name of said Detroit and Milw aukoe Railway Company shall he used therein in liuu . )f the name of said Oakland and Ottawa Railroai.1 Company, and said Detroit and Milwaukee Railway Company shall be bound in like man- ner as if originally named in said suits or proceedings, ani.1 all deeds, mortgages and other instruments, and all claims, duos and rights what- soever belonging to the Oakland and Ottawa Railroad Company, shall, •ifter said sale, bo deemed and held iu law to enure and belong to -aid Detroit and Milwaukee Railway Company, in like manner as if the same had originally been made, or belonged to said last named Company. Sec. 7. And the said Company, for the purpose of providing means for the finishing of said road and appurtenances, may issue their corporate bonds or obligations, for such sums, not less than one Ivundred dollars, upon such terms and rates of interest as it may deter- luir.e, and may secure the same bv a morliiaire of iho road ov othi.T property of said Company, and in case of a sale thereof at a discount, the same shall be as valid and effectual as if they had been sold at their par value. Sec. 8. Any other Railroad Company which may exist under uiy of the laws of this State shall have the right to cross the track of, unite, intci'sect, or connect with the railroad of this Company at any ])oint on its route, witli the necessary turnouts, sidings, switches and >ther conveniences, in furtherance of the object of its connections, and tb.e said company is authorized to make such business arrangements with other companies as they may mutually agree upon; in case the crossings and connections cannot be agreed upon, then there slial! be three commissioners appointed by the circuit court of the county where such crossing, or connection is desired to be made or a jury of iwehe freeholders, if either company desire it shall be drawn from the petit jury box of the county whore the crossing or connection is pro- 32 posed to bo made in the Bame manner as jurors are drawn for tlic circuit court, upon such notice to the opposite party as the circuit court of said county shall prescribe, whoso duty it shall bo to deter" mine how the said road shall be crossed, and to assess the just com- pensation to be paid by either or both of said companies, which sum 80 assessed, shall be paid or tendered to said company, and when the Bum shall be so paid or tendered to said company, such other railroad company shall have the right to make and complete such crossing and connections in the manner determined by said commissioners or by said jury. Sec. 9. The said company shall, on or before the first day of July, pay the State Treasurer an annual tax of one per cent, on the capital stock of said company paid in, which tax shall be in lieu of all other taxes except for penalties imposed upon said company by its act of incorporation, or any other law of this State ; the said tax shall bo estimated upon the last annual report of said corporation. Sec. 10. This act shall take effect and bo in force whenever tlic game shall have been accepted by the Detroit and Pontiac Railroad Company, and by the Oakland and Ottawa Railroad Company, at meetings of the Stockholders called for that purpose, nolico of which uiL'etiiigs .-hall be given at Ifu^i thirty .!;iys pr'..'vious ihci'i'to bv -.ii':- lication in some newspaper published in the city of Detroit, and in tli* village of Pontiac; and it shall require the vote of two thirds of tlu' stock of each of said companies to make such acceptance valid, and in case of such .acceptance, each of said companies shall file a ccrtiticatc thereof in the offico of the Secretary of State, within three montlis after such acceptance, and notice of such acceptance shall also be [lub- lished in some newspaper publisbcd in the city of Detroit. Approved February 13, 1855. I do hereby certify, the above and foregoing, to be a true copy of an original act now on file in the office of the Secretary of State. In testimony whereof, I have hereunto set my hand ami [L. S.] afiixed the Great Seal of the State of Michigan, at Lansing, this twenty-third day of February, A. D., 1855. ROD. R. GIBSON, De^-). Seec'y of State. \ PROCEEDINGS. OF THE iftroit aiii loiriiar %mlmii C«. I certify, that at a meeting of the Stockholders of tho Detroit and Pontiac Railroad Company, held on the 19th day of April, 185.5, in accordance with the provisions of the foregoing act, more than two- thirds of said Stock being legally represented at said meeting, the following resolutions were adopted by tho unanimous vote of the Stockholders present: Iicxolird, That tlio Detroit and Pontiao Railroad Company horol'V accept ihe Act of the Logislalure of Michigan, entitled " An act to authorize tho consolidation of the Detroit and Pontiac and Oakland and Ottawa Railroad Companies, so as to form a continuous line from Detroit to Lake Michigan, under the name of tho " Detroit and Milwaukee Railway Company," approved the 13tli day of February, A. D. 1855; and tho Secretary of this Company is hereby directed to file a certifi- cate thereof in the office of the Secretary of State, and publish a notico of said acceptance in the Detroit Daily Advertiser and Free Press, newspapers of tho city of Detroit, according to the provisions of section ten of said act. Resolved, That the President, and Messrs. J. P. Whittemore and Patrick Tregent, Jr., bo, and they are hereby, constituted and appointed a committee, with full power, to contract with the Oakland and Ottawa Railroad Company, for the purchase of its property, rights and fran- 34 cliiaes in pursuance of Iho Act of the Legislature referred to in the last preceding resolution, and to report their action to the board of Directors, to be carried into effect by the said Board, (and they are hereby authorized to carry the same into effect) in the usual maimer. I further certify, that at a meeting of the Directors of said road, on the 2l8t day of April, 1855, the said Committee reported an agree- ment, of which a copy is hereto appended, which was adopted and executed by said Board. JAMES V. CAMPBELL. Secrttary Detroit 4* Pontiac H. B. Co. ii 'v\ PROCEEDINGS OF TBE ^alilanU anti Dttatoa liailroalJ Co. *>♦' I certify, that at a meeting of the stockholders of the Oakland and Ottawa Railroad Company, held on the 6th day of April, A. D. 1855, in accordance with the provisions of the foregoing Act of the Legisla. ture of Michigan, more than two-thirds of said Stock being represented at said meeting, the following resolutions were adopted by the unani, mous vote of the Stockholders present: RE SOLUTIONS. The Oakland and Ottawa Railroad Company hereby accept the act entitled, "An Act to authorize the consolidation of the Detroit and Pontiac and Oakland and Ottawa Railroad Companies, so as to form a continuous line from Detroit to Lake Michigan, under the name of the "Detroit and Milwaukee Railway Company," approved the 13th February, 1855; and the Secretary of this Company is hereby directed to file a certificate thereof in the office of Secretary of State, and publish a notice of such acceptance in some newspaper in the city of Detroit, according to the provisions of section ten of said act, whenever the Detroit and Pontiac Railroad Company shall accept said act pur- suant to its provisions. 36 The Oaklmul and Ottawa Railroad Company will consent to dispose of their corporate property to tLe Detroit and Milwaukee Railway Conopany, under the provisions of an act entitled " An Act to authorize the consolidation of the Detroit and Pontlac and Oakland and Ottawa Railroad Companies, so as to form a continuous line from Detroit to Lake Michigan, under the name of the Detroit and Milwaukee Railway Company," upon the terms hereinafter mentioned ; and the Directors are hereby authorized to agree upon such disposal and sale upon said terras, and to cause to be executed, when such terms are agreed upon by the Detroit and Milwaukee Railway Company or its Directors when authorized, an agreement for such disposal and sale, sealed with the seal of this Company and signed by its President and Secretary, interchangeably with the seal of said Detroit and Milwaukee Railway Company, and with the signatures of the President and Secretary of the last named Company, which agreement shall embrace these terma in substance, and no terms incousistant therewith, viz: First. — A sale and disposal of all the corporate property of this Company. Second. — The assumption by the Detroit and Milwaukee Railway Company of all the contracts, debts and liabilities of this Company including the bonds already issued and the bonds due the Stockholders of the Detroit and Pontiac Railroad Company, under the lease hereto- fore made to this Company by the last named Company — and all other iiabilities and engagemenls. Third. — The appointment of Directors of the Detroit and Milwaukee Railway Company of such persons as the Directors of the Oakland and Ottawa Railroad Company shall approve. Fourth. — Equality of Stock ; one dollar in this Company being held equivalent to one dollar in the Detroit and Milwaukee Railway Company. I further certify, that at a meeting of the Directors of said Oakland and Ottawa Railroad Company, held on the 2l8tday of April, 1855, the agreement, of which a copy is hereto annexe. i\ was reported, adopted and executed. C. C. TROWBRIDGE, Sec'y 0. Jf 0. R. R. Co. ^- V- -,. A 1 . -. A Ctrtificate of tljt ^etrrfarii of ^tatc. State of Michigan — Secretauy's Office, Lansing, May 12, 1855. I certify, that the Detroit and Pontiac Railroad Company, and the Oakland and Ottawa Railroad Company, have this day tiled in this office their acceptance of an Act of the Legislature of the State of Michigan, entitled "An Act to authorize the consolidation of the Detroit and Pontiac and Oakland and Ottawa Railroad Companies, so as to form a continuous lino from Detroit to Lake Michigan, under the name of the Detroit and Milwaukee Railway Company,'' approved February 13, 1855, as provided in the 10th section of said act. In witness whereof, I have hereunto set my hand, ami f L. s.] affixed the great seal of the State of Michigan, at Lansing, this 12th day of May, A. D. 1855. J. McKINNEY, Secretary of State. f: Iiflrrmtnt for ConsoIiDation. Articles of Agreement for the Consolidation of the Detroit and Pontiac Railroad Company, and the Oakland and Ottawa Bail- road Company. Whereas, By an act of the Legislature of the State of Michigan, entitled " An act to autlK»rize the consolidation of the Detroit and Pontiac and Oakland and Ottawa Railroad Companies, so as to form a continuous line from Detroit to Lake Michigan, under the name of the Detroit and Milwaukee Railway Company," approved February 13th, 1855, it is provided, among other things, that the name of the Detroit and Pontiac Railroad Company be changed to that of the '• Detroit and Milwaukee Railway Company ;" that said last mentioned Company be authorized to purchase the Oakland and Ottawa Railroad Company's property, rights and franchises, and that after such pur- chase, said last mentioned Company shall be merged in said " Detroit and Milwaukee Railway Company," and cease to have any separate existence. And whereas, each of the said Companies has, at a meeting of its Stockholders, called in pursuance of said Act, accepted the said Act, and determined upon such consolidation ; and whereas, a lease of the Detroit and Pontiac Railroad was, heretofore, on the first day of January, A. D. 1855, made to the said Oakland and Ottawa Railroad Company, whereby compensation was provided, in the sum of two hundred thousand dollare, for the difference in the par value of the stocks of said Companies, in favor of the Detroit and Pontiac Railroad Company, whereby said stocks were placed on a footing of equality : Now therefore, in consideration of the premises, it is mutually cove- nanted and agreed, by and between the said parties — First, — The said Oakland and Ottawa Railroad Company sells unto the said Detroit and Milwaukee Railway Company, formerly ■---., i'> i i 39 .„!_ \: known as tlie Detroit and Pontiac Railroad Company, all and singular, the Railroad, lands, lighte of way, depots, depot grounds, cars, engines^ Railroad iron, wharves, buildings, machinery, bridges, culverts, fences, timber, lumber, ties, furniture, instruments, and all and singular their real and personal estate of erery kind and nature, wheresoever the same may be, and all contracts, agreements, claims and rights in action of every nature and description, and every right or claim of property, rights, interests, privileges and effects, of every name, nature, -or de- scription ; ii being intended hereby to retain no property or rights in the said Oakland and Ottawa Railroad Company, but to invest the Detroit and Milwaukee Railway Company with all their rights, pro- perty and effects, to the fullest citent, as if the said Detroit and Mil- waukee Railway Company had always been in the place, and held the chartered rights of the Oakland and Ottawa Railroad Company : To have and to hold the property, rights and interests hereby conveyed, unto the Detroit and Milwaukee Railway Company, its successors and assigns, subject to the agreements hereinafter contained, forever. Second. — The Detroit and Milwaukee Railway Company agree to assume, and hereby assume, all the contracts and liabilities, express or implied, of said Oakland and Ottawa Railroad Company, and agree to perform the same in good faith, and without defauii; and they further agree, if it can be done, to take up and discharge the bonds issued under the Trust Mortgage heretofore executed by the said Oakland and Ottawa Railroad Company, by means of bonds to be hereafter issued, and secured by a Trust Mortgage on the whole line of said road ; and they agree to issue such amount of such future bonds as may be necessary, and devote the same to distribution among the Stockholders of the Detroit and Pontiae Railroad Company, as formerly organized, and who bceame entitled to eaid two hundred thousand dollars of bonds, under the lease aforesaid — who have not yet received their portion of said bonds. Third. — The Directors of said Detroit and Milwaukee Railway Company shall be, until the next annual meeting, and until their successors are chosen, then or thereafter, the following persons, namely, Henry N. Walker, Henry Ledyard, H. P. Baldwin, E. A. Brush, B. 40 11 -j ( Wight, W. M. McConnell, N. P. Stewart, Eber B. Ward and Harvey P, Yale, who shall take oflBce within one week. Fourth. — The holders of stock .ssued heretofore by the Detroit and Pontiac Railroad Company, and by the Oakland and Ottawa Railroad Company, shall, within a reasonable time, surrender their certificatea, and in lieu thereof, certificates shall be issued to them of equal amounts, in par value, in the Detroit and Milwaukee Railway Com- pany, and the books of the Oakland and Ottawa Railroad Company shall be closed, and delivered up at once to said Detroit and Milwaukee Railway Company, and from this date no distinction shall exist be- tween the holders ot said respective stocks, but the same shall be held identical in rights and in interest, dollar for dollar. F^fth — That the first mortgage on the Consolidated Road, shall not be for a sum to exceed two and a half millions of dollars. Sixth. — That as by the terms of the said lease, it was agreed that interest on the stock of said Detroit and Pontiac Railroad Company, should be paid semi-annually at the rate of seven per cent., until the whole line to Lake Michigan should be completed and in operation, it is hereby agreed that the receipts of said line from the operation, or running thereof, or any part thereof, shall not be used for any purpose other than to pay the interest on the bonded debt of said Consolidated Company, until the said mterest on the original stock of the Detroit and Pontiac, now the Detroit and Milhvaukee Railway Company, shall be paid, in accordance with the terms of said lease and agreement heretofore referred to. In Witness Whereof, The said Detroit and Milwaukee Railway Company and said Oakland and Ottawa Railroad Company, have hereunto set their corporate seals, and have caused these presents to be signed by their Presidents and Secretaries, respectively, this twenty- first day of April, A. D. 1855. H. N. WALKER, Pres. of 0. <& 0. R. R. Co. C. C. TROWBRIDGE, Sec. of 0. db 0. R. R. Co. N. P. STEWART, Pres. D. dk M. R. R. Co. JAS. V. CAMPBLLL, Sec. Det. d- Mil. R. R. Co. In presence of Porter Kibbee, W. M McConnell, A. H. Adams. i«« ** ,1 I! 41 id id al n- ^y ee te- be all lat »y. he ,it or )sa ted oit tall snt I State of Michigan, ) Wayno County, \ On this twenty-fifth day of April, A. D. 1855, before me a Notary Public, for said County, personally appeared the within named, H. N. Walker, President of the Oakland and Ottawa Railroad Company, C. C. Trowbridge, Secretary of the Oakland and Ottawa Railroad Company, N. P. Stewart, President of the Detroit and Milwaukee Kailway Company, and Jas. V. Campbell, Secretary of the Detroit and Milwaukee Railway Company, known to me to be the persons who executed this written instrument and acknowledged the same to be the free act and doed of said Companies, duly executed by them, fully authorized thereto, and regular and valid in name and form, and that said seals are the corporate seals of said companies. A. H. ADAMS, Notary Public, Wayne County, Mich. ray ave be ity- . PROCEEDINGS OF THB irfroit ic Hiltoaiilue dSkttiiij loarir. ^ < I certify that at a meeting of the Stockholders of the Detroit and Milwaukee Railway Company, held on the 21st day of April, A. D. 1855, the following named gentlemen were elected Directors to serve until the next annual meeting of said Company, and until their suc- cessors are chosen, then or thereafter, namely : Henry N. Walker, Henry Ledyard, Buckminster Wight, Henry P. Baldwin, Edmund A. Brush, Eber B. Ward, and Nelson P. Stewart, of Detroit, Willard M. McConnel of Pontiac, and Harvey P. Yale, of Grand Rapids. At a meeting of said Directors, on the same day, Henry N. Walker was elected President, Henry Ledyard, Vice President, and Charles C Trowbridge, Secretary and Treasurer. At a subsequent meeting of the said Directors, on the 23d day of April, A. D. 1855, the President and Secretary were appointed a Committee to prepare and submit to the Board a Mortgage upon its railway and franchises, and the Committee submitted a Mortgage and the form of a Bond, which were approved by the Board and ordered lo be executed, of which Mortgage and Bond copies are appended hereto. C C, TROWBRIDGE, Secretary Detroit and Milwaukee Railway Company. Office op the D. & M. R. Co. ) Detroit, May 10, 1855. j • /♦ oyr artps^ ). e ^ ^1 Tuis Indenture, made tho twenty-fourth day of April, in the year of our Lord one thousand eight hundred and fifty-five, between the *' Detroit and Milwaukee Rjiilway Company," a body politic and corporate, under the laws of the State of Michigan, in the United States of America, of the first part, and Erastus Corning, Esquire, of Albany, in the State of New York; Frederick C. Gebhard, Esquire, of the City of New York, and George F. Porter, Esquire, of Detroit, in the State of Michigan, Trustees of the second part : Whereas, the said " Detroit and Milwaukee Railway Company" comprehends a consolida- tion of tho " Detroit and Pontiac" and " Oakland and Ottawa" Railroad Companies, and has succeeded them in all their rights ; And whereas, the said " Detroit and Pontiac Railroad Company" has heretofore is- sued Bonds to the amount of five hundred thousand dollars, and has secured the payment thereof by three several Mortgages upon that part of the road of this Company between Detroit and Pontiac, and the Depots and Depot Grounds connected therewith ; And whereas, the said ** Oakland and Ottawa Railroad Company," which has now ceased to exist as a corporation, but whose liabilities are binding on the party of tho first part, did heretofore execute to Erastus Corning and Samuel Laing, Trustees, a Mortgage on the part of said Railroad between Pontiac and Lake Michigan, and the Depots and Depot Grounds connected therewitl-, in the sum of five hundred thousand pounds sterling, to secure such bonds as should bo issued under said Mortgage to that amount ; under which last Mortgage have been issued 44 Sterling Bonds to the amount of thirty-one thousand pounds, and Dollar Bonds to the amount of fifty-seven thousand dollars, and no further Bonds can be issued under the same, by reason of the Company having ceased to exist ; And whereas, the said party of the first part have agreed to pfiy all of said Bonds of both Companies, the said " Detroit and Milwaukee Railway Company" having become organized under the Laws of Michigan, as a consolidated company, propose to provide means for finishing their road and appurtenances, by issuing their Bonds bearing date the first of May now next ensu- ing, to an amount not exceeding two-and-a-half millions of dollars, to to be issued from time to time hereafter, as may be determined by their Directors, payable at their agency in New York city, or such other place as may hereafter be designated in said city, and the prin- cipal of which shall be convertible into the Capital Stock of said Com- pany, at par, at any time within five years from the date thereof, on the surrender of the same, with the unpaid interest warrants annexed ; all of which Bonds are to be made payable on the fifteenth day of May, in the year one thousand eight hundred and seventy-five, and to bear interest at the rate of seven per cent, per annum, payable semi- annually on the fifteenth day of May and the fifteenth day of No- vember, of each year, on the delivery of Interest Warrants or Cou- pons, signed by the President, Vice-President or Treasurer of the Company, and annexed to said Bonds for that purpose ; all of which bonds are to be on an equality so far as regards the security therefor created by these presents, and are to be made transferable by general or special indorsement, or by delivery, as if the same were notes of hand, payfible to bearer; each of which Bonds is to be signed by the President, or Vice-President and Secretary of Iho said company, and is to have a printed certificate on the back thereof, to be signed by said Corning, Gebhard and Porter, Trustees, or by the survivor or sur- vivors of them, or by their successor or successors, as Mortgagees in trust, certifying in substance that such Bond is one of the Bonds in- cluded in and intended to be secured by this Mortgage, and none of the Bonds are to bo valid until such printed certificate thereon is so signed ; and in order to secure the payment of the said Bonds and in- 45 1 terestjthereon, according to the terms thereof, it is propose'l to mort- gage the Railroad and other property of the " Detroit and Milwaukee Railway Canipany/' its rights, privileges and franchises, in trust to the said Erastus Corning, B'redorick C. Gebhard and George F. Porter. Now, therefore, this Indenture witnesseth, that the said " Detroit and Milwaukee Railway Company," party of the first part to these presents, in order to carry out the design aforesaid, to secure the pay- ment of the Bonds of said Company, as aforesaid, and the interest on said Bonds, and in consideration of the premises and of one dollar to the Baid Company in hand paid by the said parties of the second part, the receipt whereof is hereby acknowledged, hath granted, bargained, Bold, remised, released, aliened and confirmed, and by these presents doth grant, bargain, sell, remise, release, alien and confirm unto the said parties of the second part, their successors in this trust, and their heirs and assigns as joint tenants and not as tenants in common, all and singular the Railway of the said Company in and from Detroit, in the county of Wayne, to and in Grand Haven, in the county of Ottawa, in the State of Michigan, including the right of way and the land oc- cupied thereby, together with the supeistructure and the tracks there- on, and all bridges, viaducts, culverts, depots, depot grounds and wharves connected therewith or belonging to the said parties of the first pait, and all buildings thereon, and all the franchises, rights and privileges of the said company. To have and to hold the above bargained and described property and rights, privileges, hereditaments and franchises, unto the said Erastus Corning, Frederick C. Gebhard and George F. Porter, Trust- ees as aforesaid, or the survivor or survivors of them, and to their suc- cessors in this trust, lieirs and assigns for ever, upon the following trusts, that is to say . That if the said party of the first part shall neg- lect or refuse to pay the said Interest Warrants, or any of them, or the said Bonds, or any of them, as the same become due and are duly presented for payment, tlien and in such case, the said Trustees above named, or the survivor or survivors of them, or their successors for the time being in the trust hereby created, ( or a majority of the said Trustees or of their successors,) may in their discretion, upon the 46 I \ written demand of any holder or holders of any of said Bonds, pro- ceed to enforce the said trust, by taking possession of the said Rail- road and all and singular the property, effects, rights, privileges and hereditaments above sot forth and conveyed, or intended to be con- veyed by these presents, and retain possession thereof personally or by such officers and agents as they shall see fit to employ, and have, use and enjoy the same and receive all and singular the proceeds of the same, making from time to time all needful repairs, alterations and additions thereto, and retain possession thereof, until out of the net proceeds and earnings of said road, over and above the expenses of running and keeping the same in repair and making such alterations and additions, they shall receive enough to pay all Warrants and Bonds which shall be due and unpaid, and a reasonable compensa- tion for their services, and no longer; and as often as any further or other default shall be made, it shall be lawful for said Trustees, or their survivor or survivors, or their successors in office for the time be- ing (or a majority of said Trustees or their successors as aforesaid,) to proceed in like manner; or in case of any default at any time as afore- said, the said Trustees or such survivor or survivors or successors ( or a majority of said Trusteees or successors,) may, if they see fit, pro- ceed to sell the whole of said Railroad and tracks and superstructure, and the property, rights, privileges or franchises hereby coveyed or in- tended so to be, or in their discretion to sell such parts of the proper- ty as shall b. necessary to pay the amount due and unpaid and the costs and expenses of such proceedings, and which can be sold sepa- rately without impairing the residue or affecting the franchises of the Company, at public auction, at the City of New York, first giving three calendar months previous notice of the time and place of such sale, by publishing the same in three daily newspapers— one publised in the City of Boston, one in the City of New York and one in the City of Detroit — unless the amount so due and unpaid, with said ex- penses incurred by said Tsustees, shall be paid previously to the time appointed for such sale ; and in caso of any sale made under the pro- visions of this instrument, they, the said Trustees, or the survivor or survivors of them, or their said successors, are hereby authorized and 'K 47 ompoweroJ to execute, acknowledge and deliver any and all deeds, bills of sale, contracts, acquittances or other instruments which may be necessary to carry into effect such sale or sales according to the in- tent thereof, and the proceeds of such sale shall bo used for the pur- pose of paying all sums due and unpaid on such Bonds and Warranto and the expenses of such sale and of said Trustees, and the bal- ance, if any, shall bo applied to satisfy all the outstanding Bonds se- cured by this Mortgage, rateably, or be retained by tlie Trustees, and invested to meet and satisfy future payments which may become due. But in case the said sale is total instead of partial, tlien the said proceeds, after paying such expenses and a reasonable compensation to the Trustees, shall be equitably and rateably applied upon all of the outstanding Bonds and Coupons, so far as may be necessary to pay the same in full, and the surplus, if any, shall be distributed rateably among the Stockholders of the Company according to equity ; Provi- ded always, and these presents are upon this express condition, that if the said " Detroit and Milwaukee Railway Company" shall well and truly pay all of their said bonds, issued as aforesaid, and the warrants thereto attached, upon presentment st maturity, then these presents shall cease and become utterly null and void, without any release, quittance, re-conveyance or other act or formality ; but in such case, and whenever said bonds and warrants are all paid, and satisfactory evidence shall be given to the said Trustees of such payment, it shall, nevertheless, be the duty of the said Trustees, or the survivor or survi- vors of them, or their successors, at the expense of said Company, its successors or assigns, to execute, acknowledge and deliver to said Company, its successors or assigns, on demand, a full release, acquit- tance and discharge of all the liabilities aforesaid, and a full release and re-conveyance of all and singular the property hereby convoyed and not lawfully disposed of under the trusts and powers aforesaid. And in case of the death, resignation or mental incapacity of either of the said Trustees, a new Trustee or new Trustees, as the case may requiie, with thy same powers as he or they would have had if such powers had been ounferrod on him or them originally, under this in- strument, as mortgage or mongagees in trust, may be appointed by the 48 Supremo Court of tho Stnto of Michigan, or by any other Court in said State, of competent jurisdiction, upon the appHcation of said party of the first part ; or if Buch party shall neglect, for thirty days, to make fuch application, then luch now Trustee or Trustees may bo appointed on the application of the surviving Trustee or Trustees, or of aiiy of tho holders of Bonds secured by this imtruraeut : Provided, that tho re- signation of any Trustee under this instrument shall only bo made operative by a deed executed and acknowledged, and recorded accord- ing to tho laws of Michigan, in the Counties whore this instrument is recorded ; and it is expressly j»rovided, further, that tho Trustees under this instrument shall only be liable, each for his own individual acts or omissions, and not for the acts or omissions of any other Trustees unless he shall join therein or consent thereto. And the said party of tho first part do hereby convenaut and agree to and with the said parties of tho second part and their survivors and successors in the trust hereby created, and their heirs and assigns, that they will satisfy the Bonds secured by all of the Mortgages prior to this hereinbefore mentioned, and that the amounts of the Bonds of theso Companies, secured by said Mortgages and outstanding, do not exceed the amounts hereinbefore stated or recited ; and tlioy further covenant and agree that they will at all times lieicafter, upon tlie (IcmiuiikI of s.iid parties < f the second part, or their survivors or their successcn-s in said trust, execute, acknowledge and deliver all such further conveyances and assurances as may reasonably bo required for the conveyance and assurance of all and singular the property, effects, rights, privileges and franchises hereby conveyed or intended so to be, or any property, ef- fects, rights, privileges or franchises hereafter acquired, which, if now possessed, would be covered by tho terms of this instrument, to tho said parties of the second part, their survivors or their successors, under tho terms of this instrument, and that they will forever warrant and defend the same to the said parties of the second part, their survivors, suc- cessors, heirs or assigns, against the lawful claims of all persons whom- soever : And the said party of the first part hereby covenant and agree to pay unto the said parties of the second part and their survi- vors and successors in the trust hereby created, a reasonable corapen- 49 in ,^.- ..► Mtioii fur ;ill •-(irvJces to lie |nir. iiiifd li\ tlu'iii.oriitlior «il" iIkmd, uiidor IIiIh iiistniiinnt. J\ wiTNKHs wiiKKEor, Tlui said " Dftioil and Milwaukee Hiiilway Coiiiiiauy,"' hatli, unto tlu-wo ju'tx'iits, set its corporate M-al, mid cimsed llit'80 prc'soiith to lie .si;,'tu'd liy Ifonrv N. \\ alkcr, tlic IVcsidcjit, mid CliarliiH C. Tnnvliridf,'!', tlio Sucrctary, of waid Coinjmiiy, tiiti day and voar lirnt abovo writlt.'ii. llKNltV ^'. WALKlllJ, [kkai..] l'r.;hidfnt I). iV M. H. ('. CIIAULKS C. TROWHUincH:, JSotivtary D. .V: M. R. ('. Signed, sealod and delivorwl, in presence- of -j ^' }}• J^^'^^^'^^ iitata of M/r/n;;2.ril, A. D., 1855, at fivo o'clock, P. M., aud recorded in Liber B. of Mortgagee, on i>agos 60!), 610, 611,612 and 013. Paid §3. TIMOTHY FLETCHER, Register. *#■ i}5, at {'our pagt^s 7, 8, {egistor. 855, at tftn pages, 2, 3 Roiristor, o'clock, P. . 432, 433, Ik'gistor. 55, at nine pages 210, Register. 855, at fivo pages 815, Register. !55, at fivo pjiges 60!), Register. ^ortscige anil ConbcrtiWc §onIr. No.- TITK UNITKD STATES OF AMERICA. KTATK OF MICniaAN. $1,000. TnR Detroit axd Milwackke Railway Company, being a Company formo'l under the authority of an Act of tho Legislature of the State of ]IHicliigan, approved February 13, 1855, authorizing the consolidation, under tlio said title, of tho Detroit and Pontiac and Oaliland and Ottawa Railroad Companies, aclcnowlodge to owe, and promise to pay to James F. Joy, or to tho holder hereof, at the Office of the Agency of this Company, or other place in the City of Now York, which shall hereafter 1)0 designated, the sum of One Thousand Dollars, on the Fifteenth day of May, one thousand eight hundred and seventy-five, together with interest for tho same, after the rate of Seven Dollars for every One Hundred Dollars by the year, to bo paid semi-annually, on the Fifteenth of Michi-ian. incliulinq; tlio Uif^ht, of Way, and the Land occupiod Ihereby, tnffothor willi tlu" Su])oi'structui'o and Tracks thoreoii, and all liiidir^s. Via<^)i), Thirty-Jive Dollars for Interest due OH that day. jj35 Interest TrewuMr. i EXTRACT From an Act of tli« Legislature of Michigan, entitled " .hi Act to provide for the Incorporation of Railroad Companies^ approved February 12, 1855. ? \ ;- Section' 27, All Companies organized under this apt, (and all other railroad conipanicf,) shall have powe>v from time to time, to borrow such sums of money as thoy may doom iic/ ■^r•r for completing and finishing or operating their railroad, and to ; .i 1 dispose of their bonds for any amount so borrowed for such t:...i..s and at such rate of interest as they may deem advisable, and to mortgage their corporate property and franchises to secure the payment of any debt comracted by the company for the purpose aforesaid; and the directors of the company may confer on any holder of any bond issued for money borrowed as aforesaid, the right to convert the principal due or owing thereon, into stock of said company at any time not exceeding twenty years from tho date of said bond, under such regulations as the company may see fit to adopt; and such company may sell their bonds either within or without this State, at such rates and prices as they may deem proper; and in case the capital stock of any such railroad company is found to be insufiicient for constructing or operating its road, or for building a double track, repairs or other improvements to facilitate tho transportation of persons and property, such company may, with tho concurienco of a majority of its stockholders, by vote at any annual meeting, or special meeting called for that purpose, increase its capital stock to the requisite amount. t|: Detroit, January 14, 18.'>1. IIknry X. Walker, Esq.. President, iS'C. Dkar Sir: I Imve hastily looked over the report of Rohort Iliglrini, Esq., your Chief Eusrineer, iipou the " Character, Cost, I^ocation and Prospects" of your Koad, hut havo had no time to examine the sources of the estimates. That this road will be a first class paying one for investment of capital I never entcitained a doubt. Why Western Railroads should pay as well aa they do in a country comparatively thinly settled, is not, I think, fully understood among capitalists at tht; East. In the Kastern States a large proportion of tlio soil is unsuitod to cultivation ; the whole furnishing a less return of produce than is required for home consumption. The agricultural interest which comprises a large proportion of the people of even that section of our country, fur- nishes very little business to the internal carrying trade. Here the case is a far different; every aero is well adapted to the cultivation of every kind of produce suited to the climate, which is produced with ench ease as to require but a small proportion of the result to supply tho producers a domestic demand. Here, grain growing is the great buBinos.s of the agriculturist, under which tho land in use yields nearly a ton of produce per acre. There grazing is the chief business from which any exports are derived, under which the land in use would furnish from 40 to 100 lbs. weight per acre per annum. Your road traverses as rich a territory for agricultural purposes as any in Michigan, which must furnish a very large ami increasing tonnage, while tho items of Lumber, Plaster and Coal will form a very considerable source of revenue, especially tho former, which will give a large tonnage at a good paying rate. With its low cost and good prospects for busines.s it ought fitvorably to commend itself to the attention of capitalists invest* ing in this sort of s».K'urity. Very respectfully yours, J. W. BROOKS. ,).) CENSUS OF MICHIGAN. .>1. '^ Calhoun Cans, Chippewa, Clinton, Katon, Enimt't, (lenesee, (Jratiot, (Jiand TraveiBe, Hillsdale, Houghton Huron, Ingham, JsahelU, Ionia, Jackson, ■ • • Kalania/.oo, Kent, Lapeer, Lenawee,- •• Livingston,- Macomb,- • ■ Macinac,. • • Marquette, • Mason, Midland, • - • Monroe, Montcalm, - Mecosta, • • • Newaygo, ■ • Oakland, • • • Oceana,- ••- Ontonagon, Ottawa, • • • - Saginaw, • ■ Schoolcraft, Shiawassee,- St. Clair,- •- St .ToHeph,- Sanilac,. •• • Tuscola, • • • Van Buren, - Washtenaw, Wayne, — i^iOas 11,125 16,L58 708 ' 207 5,207 8,034 1.028 t;,;iti7; 2,122 2.002' 14,540 .5,0'2!) 004! i,02n! iij.L'io; 7,;i8(ii 2,5H7i 4,20f)| 17.880 7,430 9,710: U2;ii 5,004^ l6,Hn2' 10,l!"2 0.157; 5.314' 13,011 1 10,780 13,510: 1,007; lO.Gli; 9,922, i:i,3G5 20,103: 23,640 026; 020; 1.184 .3.fi73 0,337, 704 8!)2 2,103l 4,600| 7,008j 1,2021 l,910l 21,817; 23,.->71' 23,400; 24,143 30,288 1,438| 1,218 3,92lj 7.080; 10,007! 3,743 26,970 32,207 8,488 19,433 13,170 1.3,179 7,02() 20,380 13,477 13,532 3,59s 130 93 05 14,695 891 510 31,200 300 389 6.490 2,675 10 5,233 10,420 12,708 S,115 291 5,802 28,500 42,770 174,059 212,073' 30,5,305' 384,279 532.986 7,K04 7.8v!l i;i.!:49 16,724 22,708 13,124 1,902 8,042 10,905 4,977 15,070 911 911 19,188 4,325 702 11,222 fiOO 10,727 21,9,55 10,893 17,809 9,701 31,148 14,185 18,114 1,645 600 1,500 18,122 2,000 500 979 31,884 3,602 9,233 I 10,000 ! I 7,419! 10,897 15,087 3,529 1,804 7,780 28,836 05,778 I / ^f I fl ■f 'i^ ■m; '■>^ V f hefkrkxcf:. Zinc of Dcfroif ^ Milivaif/iff nfffiinty „ Pro/)o,sff/ J^offfU' rtofuis ronifi/f(/f// f /// process of ron,s'/ /'(/('/ (o/i ro///t/ffs //'//m/of/;r /o I), tf }[.[{ . Illll Ill illlllirllll h lllll IW-^ ^ -X % J It •:x( K. % ii M I iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii | ii|iiiiiiiiiii i n iiii S^ n. Si'lii Y O |{ K :? K XX S Y I/VA X I A 'i' , iioi IIAKIIV i| ,1 1 ■>. 1 O.llj ■> fi()| .,C), 1 ,ji'>i iti;itiiii':.\ ; 1 »(I.V .1 (III; .'III' II 4 1 / 1 i.iaio{ IlllA.NKII ' iiiin ., ■ 1 . iio.o! f! 1 , •? 1 1 I <:>) (Al.in>r.\ . .'Kill lU .itlil I.'i (Hl| 1 IIH" 1 ?•> ,-tiii I A.SS , 1 'iii; ,. yni I', tiiii; III illl, 1 1,1 f>i 1IIII'I>KWA j, »i>ii ..:u 1 III, ii.'ini 1 1 iiii? ( I.IMO.V .'•■I 1 lii 1 'lull .. 10"; I10t> ; i;.\'i(>N ji !>l.l '.l.'.i iiii.t. 1 0.1, ' 10 '.lU.i t'.M.MKT ; 1 <'.K.Mi:.s»:»: !! j V,.,1 4 Kill *.» ".(ir, i I'Ml.l 1 1 'J*/ l.> (i,H r ji I. ii.vNi) niAvrnsKl t 'in 1 ■ 1 'Ml ; mi,i,rii)Ai.>: |{ 1 V 'I't ( '10. 11 1 '.'l; 10 I.iHI l'> ««» 111)1 t,ii rox ; ' nil t 1 .1'J.I 111 HON •07i . 0? 1 1 IM.IIAM B ■' ' • I'.in 1 ., 'i; , II ll.'l 1 . II ■'■>••* : ISAIIK.I.I.A ,(10 1 ; lOMA O'Ml 1 '.i>..i >(IU1 ft 1 Mil lll,-',i .IA( K.NOV ..f,!>:i \.\ 1.1(1 Mi .';.>■' l!> HI • 1 11 .1.1 i hAI..VMA/,tM) .:i(i/ . .'ino, Ill i!r> 1.1 1,M II-, fl'.l.'l 1 ! iw;xT M'''-' ■|.iii< r, I 1 / 1 1 1 1 :i 1 , HCtt 1 \ l..\l'KKK > cir,' ! \ •!>.. ., Ill , O-ll. '.1 illl l.K.NAJVCK. 1 ■ SID 1 / llllll 1 ■null 'Ml'.IHO 11 1(H I I.IVISI.SIDN .(l'"i / no 11) ;»'.) HI,, 14 lll.i ! ! MAI flMIl ih;'-! («,it, I.'I ..HI i.> ...1',' Ill 111 ! 1 \i.\i INAl 1,111 :t ■.•.•! 1 lit,. '1 , 'fl 1 ivi->: AIMKll KTIl. ' ; inii, iiio; M\.s()\ ., i 1 ill ..iwl \lini.AVI) 1 i «.i 1 ."((Mil .MoMtoi: 1 IM 1 ,| .).»■» n .Hi., 1 1 r.'i.. III 1" 1 MONICAI.M H»l •' iiiio ! .MI'.l C>>IA 1 ; .iOOl Nl'iVV.WC.n '1 1 1 aid avel l>.\lil,AM» iii<;;» ?.i(.i(/ .»! "nil .11 Jtifi .11 Bill Ol K.\.\.\ mil '.• mini OXroAAIiON ;iHa .llilli| () 1 TAWA i>i>i> • HI.". .1 :ni .1 M.l ; u;) 1 s ' ( i.AIII .•ir,-A 1 (illii ^ <»ti!i 10 CO IliHIl? • .s ' JO.SKni l.,:i;i 7 7 mm uiii'C; I'vim 1.1 ,011 SANILAC j! 1 1 -no .1 :,!0 i TrS(((l..\ 1 ! -m 1 ,jlHi VA\' IHIIKN !"«■• ' 1 imr .1 - 1.1 ..Bll' 1 ilKl ^\A»I^I l-.N v>* 1 m "*■'. . ; 1 ■r. \.:i '.-. .1, ■, •i; Dili 1 W A'^ \K 1 MIO f ; ,11 (,.. , ,11 , I iii?i ;''i'' '.,. 1(11 •' ,.i;.w, ,1,1. 'ii'M. Mill II Willi— I Ik ALBANY ftil IMAGE EVALUATION TEST TARGET (MT-3) 1.0 ^^ 1^ ^ u«y£ |Z2 ■•25 IIU III 1.6 < 6" ► y] o%. ^^'^ ^' ^>. Photographic Sciences Corporation 23 WEST MAIN STRUT WEBSTER, N.Y. MSSO (716)872-4503 ^ ^ i^ r-> \^ _0^fc»iia...« H»iT#'A' ,.. .'.i-.^'^i ?^HSi -2*ia ) i> S i' P /',' R i Ji -j», ^^«i&». . . .x^ ^^^iC?^ -V s ■a N, N >^ ) I.Uh.ofW.FeU XrCo.X.y- ..u. fc.' ">\\\>-,.W— :.;-'5 i ^s w ■yj'i'-'jji nil 1 (' 'if ^^^ ■''f/'A '/.■y.:' -&: X ..-J- if.-/''.- . ■''/«,: e i,r;l!/:i ,i . WAI'TAOA I 01' H/ i Sis s/p p\ M <-m»^''^:'^^r^,'' ' ';•'. ''^ WAI'Sl (>('>0( I All r\'. '\VI> r^ S 1'- !•' , %r 'MANITOWOC aaoo MAIUtrKTI ■-^/i ^ ^ 1 i ffl.: Koii.l '"\;^s r l:i;iii^ '"p()ttNVnKl>ii«5J»" ,^ UAKV". ( ^EVVAY«;0 ij^. WArSUAUV (iUUO \.\\uiyyyr-f\ ^ ;fc>IANlTOW0C (•„..n.ir'. A'l' V t W-C /■6 x K«iiul till I.." lei Ul ku>»> |.'i)NI) 1)1' l"^'* 1 V..-'"\,J'-^->^ t-Wi- - ?\ A - -' 10000 i Urt;^0,v.jn.i\. mm ' ' "^v t,,M\i r«.v«ri''M ^m^'' DOlX.K WAS HI NOT*) n\ |, ,, , ,, Vx VV"^'' ''X'-Va?^ W.I'li'tlojJ iiii'" WW'.- .:-:-W^ 4r 1 OO xA!* .4 Ml X. MONTI' A»->» 2.(Ui«) •jMf'PTAW .IKKKKK.-'ON 1 VVArKV-.Sl.A io (>«)() I J.-l (lOO ■i.%.000 %. ■■W iUACIN K oou I ' '' )' '" "•)" ' WAI.U'OHTII •20.1)00 ^nliiJi^- .-■ T^'''^^l>W'*, 1> IONIA lO. 7.!7 IV>rlliin<> ; ! . 'i I ..••'•" *•''■■ OS'' ^ p. Xiaiu-svillr . ■ •' H> 'in^ ///iX ''ii.'iiiii >,iy I ^^,1 : :u..ym]^\V^n!!jf' , u/illfi:,lii> I rA.:Ki-i>0'l'-'» m!'i 1 Kiilmii*'""' jiTJ i ^S»^1/v ■"'van iu'io;n' 7^»V..^v><:M.AMA^OO ; fAl.H.U| llU'tlUll 1 \«-„ ,^V\\ • ■ ^ .y .■■/■.'// CASS /' It, ui»:i S T ^ «) S K I' II ; x'^' >-',v.,l.l IS OH 7 I ^>n»llAN,)|/SO^ < -' >-v 1 7 '\,_ 'Snullilil'liil l,n Forlo 1 w ^f'oit XV A IS II AHA (.l>00 3^' a MANITOWOC W i--^r-- ^"~^- ^-^v«5«,^ I \. V4 ^ lMillF.'W)')^\-('i','y--. 'I'll ' -^"""^ ' *- ^"'^ ; \ (---^ , /|f.V(,/'V'.''''''!- ''■!!i/ OCKA . ()0()\^ I v. r-N \ i 1000 N >N Tslco \»» Pi .'.laiii'.'^villi' WAl.WOUTll (i I •20. 000 ,L ,i • P lite-: ' l^^ ' \\ J 111 (10(1 Y^^, _,.'-"' '^•s ' \ \ ■ ^ ■ ! M .,rll' ..r-'^ I OraiKl llaJiiils I \ l.j.OOd ac m h, \ \:\ ''\\Mmyji ^vr >!,... — . -^. m;y} I • ^ "" lift "^ fl, / ; 1.^ / oil'',' , If ' I i K«laiii4/"» A' AN urn KM --- -iA!\v'^ I '• , ' ' J nVTit f '---/■ ry: '■'■'■' 15 087 " V* w^w^ I \ #ffite of tijc lletroit iini^ Pilluimluf ^;li>tnlti)an Coiniiau]), M. ^efyoiY, ^}4i>t'rm/eP //, /^^y. a meeting of the Board of Directors, this day, it wan resolved that the following circular be addressed to the Stockholders. C. C. TROWBRIDGE, Scci-etary. cmcuL^n. C//o />!^ ' mrefma f'/r/l^o/(/('/-i (>ff/f/-) ra^f (/cetf/c, G/Zte-Je' ouej/ioffs wi// if/a/cy /o rou^ /£ey .^//oac/, a^c, eP ^nay ) /r, /?n//j//<:^/Jf////' /r f/i /fi'rdcivff/fo/f , (/-J ff/frfr fZerP cxefcidf' ma?/, r/nr /nr fffvlUj frit/ /tfi??' //ft ' mtfj/ffv i/'/fel/ieP f/ie?/-j ea/f r//M\l Io\9 i\(\i) Y^oacai) oA) Am) «WAA(n\) tn-^ ^AVedoM*) M) Vam) Vi^owy»a-nw), Vol \.A K«\ul X)^\) tt^t) t)*6AW lUQui ol^ oS tiAVtn\\i«W , A^viAui^w) , to\3 oA) unvO ^J^xlvoiuAniuJi.^ a^V««AAi\i«iQ lol^ !>«val ^Ao()K\\tiV(\«,\!0 , tiiul Ao) ^«\\^«U^>^l \\\\i\ m\K\ iuomI lo\9 nvM) av\w>y\) wiam) »AAuA9 ivv\aW\«) Mi«) (yAo«)knrvV(\«M>) a.\) l>uc\») 6liV«\\ivvu/-) m») «1>) liwvl^ «/m)) «^\\\\,V»I «) i\^Aa^\^\«A) S5«Ll) |^,cm.i«^9 , KWi. . ft,- ■3<: -'vir