IMAGE EVALUATION
TEST TARGET (MT-3)

1.0

I.I

m Ik

lit

140

2.5
2.2

■ . "

1 ''^^ III ''^ 1 ''^

►

^«>

.»^

^^.

Photographic

Sciences

Corporation

23 WIST MAiN STREET

WEBSTER, N.Y. 14S80

(716) S72-4S03

CfHM/ICMH

Microfiche

Series.

CIHIVI/iCMH
Collection de
microfiches.

Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques

Technical and Bibliographic Notos/Notas techniques et bibliographiques

The Institute has attempted to obtain the best
original copy available for filming. Features of this
copy which may be bibliographically unique,
which may alter any of the images in the
reproduction, or which may significantly change
the usual method of filming, are checked below.

Coloured covers/
Couverture de couleur

I I Covers damaged/

Couverture endommag^e

Covers restored and/or laminated/
Couverture restaur6e et/ou pellicula

I I Cover title missing/

Le titre de couverture manque

Coloured maps/
Cartes gtographiques en couleur

Coloured ink (i.e. other than blue or black)/
Encre de couleur (i.e. autre que bleue ou noire)

|~~| Coloured plates and/or illustrations/

Planches et/ou illustrations en couleur

Bound with other material/
Relid avec d'autres documents

Tight binding may cause shadows or distortion
along interior margin/

La re Mure serr6e peut causer de I'ombre ou de la
distortion le long de la marge int^rieure

Blank leaves added during restoration may
appear within the text. Whenever possible, these
have been omitted from filming/
II se peut que certaines pages blanches ajoutdes
lors d'une restauration apparaissent dans le texte.
mais, lorsque cela 6tait possible, ces pages n'ont
pas 6t6 filmdes.

Additional comments:/
Commentaires suppl^mentaires:

Thee
tothi

L'Institut a microfilm* le meilleur exemplaire
qu'il lui a At* possible de se procurer. Les details
de cet exemplaire qui sont peut-Atre uniques du
point de vue bibliographique, qui peuvent modifier
une image reproduite, ou qui peuvent exiger une
modification dans la mithode normale de filmage
sont indiquis ci-dessous.

I I Coloured pages/

Pages de couleur

Pages damaged/
Pages endommag^es

Pages restored and/oi

Pages restaurAes et/ou pelliculios

|~~| Pages damaged/

I I Pages restored and/or laminated/

Thai
possi
of thi
filmir

Origii
begir
theli
sion.
othei
first I
sion,
or illi

Pages discoloured, stained or foxed/
Pages ddcoior^es, tachet^es ou piqu^es

Pages detached/
Pages ditachdes

r^ Showthrough/

Transparence

Quality of prir

Qualiti in^gale de I'impression

Includes supplementary materii
Comprend du materiel suppl^mentaire

Only edition available/
Seule Edition disponlble

r~7| Quality of print varies/

j I Includes supplementary material/

I I Only edition available/

Thai
shall
TINU
whic

Mapi
diffei
entir(
begir
right
requi
meth

Pages wholly or partially obscured by errata
slips, tissues, etc., have been refilmed to
ensure the best possible image/
Les pages totalement ou partiellement
obscurcies par un feuillet d'errata, une pelure,
etc., ont 6t6 film6es d nouveau de fapon d
obtenir la meilleure image possible.

This item is filmed at the reduction ratio checked below/

Ce document est filmd au taux de reduction indiqu6 ci-dessous.

10X 14X 18X 22X

26X

30X

12X

16X

y^P^~

24X

28X

32X

The copy filmed here hes been reproduced thenkt
to the generoeity of:

Library of the Pubiic
Archives of Canada

L'exempiaire film6 fut reproduit grAce A la
gAnirositA de:

La bibiiothique des Archives
publiques du Canada

The images appearing here are the best quality
possible considering the condition and legibility
of the original copy and in keeping with the
filming contract specifications.

Las images suivantes ont 6t6 reproduites avec le
plus grand soin, compte tenu de la condition et
de la nettetA de rexemplaire film*, et en
conformity avec les conditions du contrat de
filmage.

Original copies in printed paper covers are filmed
beginning with the front cover and ending on
the last page with a printed or illustrated impres-
sion, or the back cover when appropriate. All
other original copies are filmed beginning on the
first page with a printed or illustrated impres-
sion, and ending on the last page with a printed
or illustrated impression.

The last recorded frame on each microfiche
shall contain the symbol — »• (meaning "CON-
TINUED"), or the symbol Y (meaning "END"),
whichever applies.

Maps, plates, charts, etc., may be filmed at
different reduction ratios. Those too large to be
entirely included in one exposure are filmed
beginning in the upper left hand corner, left to
right and top to bottom, as many frames as
required. The following diagrams illustrate the
method:

Lea exemplaires originaux dont la couverture en
papier est imprimte sont filmAs en commenpant
par le premier plat et en terminant soit par la
dernlAre pege qui comporte une empreinte
d'impression ou d'illustration, soit par le second
plat, selon le cas. Tous les autres exemplaires
originaux sont filmto en commenpant par la
premldre page qui comporte une empreinte
d'impression ou d'illustration et en terminant par
la derniire page qui comporte une telle
empreinte.

Un des symboles suivants apparaltra sur la
dernlAre image de cheque microfiche, selon le
cas: le symboie — »> signifie "A SUIVRE", le
symbole V signifie "FIN ".

Les cartes, planches, tableaux, etc., peuvent Atre
filmAs A des taux de reduction diffArents.
Lorsque le document est trop grand pour Atre
reproduit en un seul clichA, il est filmA A partir
de Tangle supArieur gauche, de gauche A droite,
et de haut en bas, en prenant le nombre
d'images nAcessaire. Les diagrammes suivants
illustrent la mAthode.

1 2 3

i CONDITION

'i ■ . •

.VN1»

PROSPECT

OF TTIV

:•! . ■ 4il;

.', ... ^

i: DETROIT TO GRAND' HAVEN, j!

;!^ • . •■ ■ ■• i
1

1 185 MILES.

i! . ' ■ • 1

1 ' ' !

;!■■ . i
'1 ■ ■ \ ■ i

.si ^ '1

pij ., ■ .

Ill " - . . ;j

'!i lH^TflOlT:

1!' ''

V sri'AM I'KINTINO KsT AIM.ISHMEXT OF It. V, .lOUN'JTONE J> Cd, '''

'.. 1 S.')(i. ■
.' ■ ■ 1

'/ .!\

{

A. -*%

.f"\«

4 ' . lM

CONDITION

AND

PROSPECT

OP THR

kixaW anlj piltoaufeee ^iailtoag,

FROM

DETROIT TO GRAND HAVEN,

185 MILES

'*v.

■•-♦•♦-•■

DETROIT: ^ ^

STEAK PRINTIMQ B8TABLISBUBMT OF B. F. J0HN8T0NB * CO.

1856.

A I

DIRECTORS.

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*

An amalgamation of the interest of the Detroit & Pontiac and the
Oakland Ss Ottawa R<iiIroad Companies having been perfected, under
the act of our last Legislature, and you having devolved upon us, as a
Board of Directors, the " duty to manag« the affairs of the Company to
the best of our skill and judgment," we think the present an appropriate
time to lay before you the condition and prospects of the enterprise in
which you are engaged. The necessary information to enable you to
form a correct opinion will be found in this report and the accompany-
ing documents, consisting of the Report of your Chief Engineer,. the
charter of the Company, the law authorizing the consolidation of the
two companies, and the proceedings had under and by virtue of the
provisions of said law.

Wo fully concur in the opinion expressed by your Chief Engineer,
as to th« value and importance of your line as a great thoroughfare
between Now York and New England on the one side, and the North-
western portion of the United States on the other. Your Road,
passing as it does, through, and commanding all of the trade of the rich
and fertile valleys of the Shiawassee, Maple and Orand Rivers, andtheir
tributaries, in this State — a section of country which has not been
inappropriately styled " the Garden of Michigan" — ^you might safely
rely upon the local traflBc alone, within a brief period, to ensure a fair

iJSfctA

return upon the money invested ; but when we ndd to this local business
the immense through trade the hne will command, it loaves no room
jO doubt but the results will be far more favorable than any estimntes
yet made.

The entire amount expended on the line, including the extensive
depot grounds in the city of Detroit, on the day we were elected Direc-
tors was:

Total of expenditure, _ $1,0CG,9G9 07

This was expanded for the following purpose, viz:

Depot grounds in Detroit, $304, 720 88

Buildings, shops, tools, «fec, (fee 36,000 00

Locomotives, cars, &c. — 60,000 00

Fuel, stock, furniture, &c 10,OUO 00

Bonds ii<sued to stockholders of the Detroit <fe Pon-

tiac, Co. to equalize stock on consolidation, 200,000 00

Leaving balance expended for all other purposes, — 1,307,248 19

For this money you have twenty-five miles of road, from Detroit to
Pontiac, finished, and well stocked and in complete and successful
operation. You have twenty-five miles more, on the second division,
f)"om Pontiac to Fentonville, so far advanced that it will only require,
by the estimate of your Chief Engineer, ^51,098 to put it in running
order. You have the work so far advanced on the third division, from
Fentonville to Owasso, twenty-eight miles, that it will only require to
finish the same an expedituro of §142,001 10.

It is fully expected the second division of your road will be ojiened
iu July, and the third division in September. You will then have in
operation seventy-eight miles of road, which will yield you, according
to the best estimate we can make, a sum sufficient to pay all of your
interest, and a fair dividend upon the stock, expended up to that point.

A contract has been entered into with N. P. Stewart, and others, to
finish and put in complete running order the road from Ovvass" to Lake
Michigan, for three million five hundred thousand dollars. By the
torms of the contract they are to receive all the stock subscriptions
made on the line between Owasso and Lake Michigan at jjar, and to
take in stock such further sum as will be e(|ual to one-half of the Com-
contract price, and the balance ia to be paid in the seven per cent bonds

of tlio Compnny at par. Undor lliis oonlract tlicro lias boon oxpendci.l

botwoon OwasRi) niul Ionia, a distance of fifty-eiglit miles, $143,060 51.

Tliore has l)e<>n 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.

./',

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.

"^ ^^

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, <fec. ; and on the wharf, convenient for transhipping, are two
large Store houses with Freight sheds, &c.

The road is stocked with five Locomotives of a small class, four
Passenger cars and forty Freight cars.

The wl'ole road and fixtures, including branches, turn tables, build-
ings and machinery, is in good working order, and will compare
favorably with any first class road in the country.

(Daklanb anb (Dttatua Hailroab.

The Oakland and Ottawa Railroad from Pontiac to Lake Michigan,
one hundred and sixty miles ia length, was surveyed and located in the
summer of 1853.

That season, thf whole lino of road was contracted, on terras with
which the contractors found it impracticable to comply. In November
of the same year, the contract was abandoned, and now contracts made
for the work from Pontiac to Owasso, fifty-three miles. These con-
tracts embrace the entire construction of the road, except the right of
way, the iron rails, and chairs, spikes and buildings.

In August, 1854, the remainder of the road was let, including
everything, except the right of way and buildings.

Twenty six hundred tons of iron purchased has been delivered ia

I 1

-IJ"

I I

New York, twelve hundred tons of which is now in Detroit, and the
ballance in course of transit from New York to Detroit.

The right of way from Pontiac to the west Hne of Clinton county,
eighty-eight miles, has been purchased, except in a few cases, in all,
not exceeding five miles. These cases arc where the ownere could not
be found, and a few where the Company have not been able to agree
with the land owners From the west line of Clinton county to Lake
Michigan, the Comj>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

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.

/ " % -

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

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-

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<e,
and extonding west to the Mississippi river, five in number, viz: The
Milwaukee and Mississippi Railroad, from Milwaukee to Prairie du
Clii<'n; the Milwaukee and La Crosse Railroad; the Racine, Kc-nosha
and Beloit; the Manitowac and St. Paul's and the Milwaukee and
Du')uquo, or '^ialena Railroad; and also, with the roads running north
to Lake Superior.

For all roads in Wisconsin, your road, as shown by the following
tallies, I'oriiis the shoitcst and cheapest line of connection with the
roads east to New Yo(k and Boston, and must command the entire
railroad tratllc of that State, going east or coming west; and also, all
the east and west travel from the immense territory lying west of
Lake Michigan to the Mississippi river, <and north of the State of Illi-
nois to Lake Superior; a territoiy greater in extent, than any lailroad
south of Wisconsin can command.

TABLE OF DISTANCES — RECAPITULATED.

From N«w York to

B; what Route.

Milwaukee, ria. Petroitand Hilwmikee Ruilwajr,

" " Michigan Central Railroad

" " Huflklo and MfcliiirnD ijoutbprn Kailroad,

" " New York and Erie and Michigan Southern Railroad,. . .

Prahrie La Crone, via. Detroit and Milwaukee Railway,

" " Michigan Central Railroad

" " Buffalo and Michigan Southeru Railroad,

*< » New York and E:ie and Mich. Southern Railroad,

Galena, Tia. Detroit and Milwaukee Railway

" " MichiKan Cential Railroad,

4< w Buffalo and Michigan Souihern Railroad,

" . " New York and Erla and Michigan Southern Railroad,

St. Paula, via. Detroit and Milwaukee Railway,

" " Michigan Central Railroad,

'< <' R-iffalo ana Mil higan Southern Railroad,

" >• 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.

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."

Counties.

•3

■r

jfl

«..

■s

•g

tr.

»-i

(.-

wt^

.£>

rfi

!<•.

11,4 Ml

1.7,0hv

111

Allo^c«ll. }i

;!,!)(I2

1I,.'.75

2(!,l)16

0,5.")2,50O

2 6,190

Uiiiry, ,'3

;i iHio

L-i.'.MIi

.'.4.7'Jl.'

74,4311

18.6(1!)

28,724

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

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

2,437,110(1

2 4,6fi0

(irncsi't',

16,(i7t'.

84,1 5S

101. nit

113,072

74,11;

68,191

l?,"9o,0'l(

11 31,750

'irRtiot.

3,(1

InpilMin, .'9

fsOlft

21!,: 3'.'

7'J,S0I

52,«8->

18,181-

27,722

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

SCiO.fiflO

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

30.620

I .a peer,

!),7iU

44,'i,'I

1 n.MKi

120,751 .Vl,2!)8

5",680

15 (lO'.OOO

15,000

Livingston, }i

7,('91i

50.573

180 212

100,389

32,0 U

57,206

l,.-.-5,00i

15,095

MasiKi,

f)()()

Mai'ouib,

iSiu

P.V4U.

200,fi65

2-29,473

103,-f4

120,290

12,(>99,0«'

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

Newayno,

y-!!

3,0j)?

4,410

6,111

t31

2,042

6,3lO,0.;0

125

Ocemia,

•.',("!•'

' ItlftWll,

7,.Tt7

i.i,r7N

i9.r.7i

62,198

21 512

4?,5l]

59,«iO,000

«~i

1,.W0

Oiilc'an.i.

;u,SK4

'JI.'i.iHill

770,014

47«,«no

18J,3('l

214,178

15 3t'iO(Hi

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

1 3(IO,(iOfl

5,884

1 imool.'i,

l.iilM

3,4HI

3 102

(5,4.11

f.,tl38

7.03H

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

288,9001

TABULAR STATEMKNT OF THE POPPLATION, PRODUCTS AND IMPRCVK-
MENTS IK THE COUNTIES TRIBUTARY TO THS "MICIIIQAN CENTRAL
RAILROAD," 1854.

t
£

ic
^

J 1

Couutloi.

•

§ -

•s

•

■u a

o
Sz;

a.
1

Allegan, >i

3,S02

11,480

27,088

66,751 11,675

28,016

6,652,600

6,190

Barry, >i

3,960

l:«,948

54,430

74,439 18,609

28.724

2,<'45,00fl

1,750

Eiktiin, >i

6,482

18,626

56,46.1

53,475 87,034

20,24;

2.437,000

4,660

Ingham, >»

5,«ll

22,432

7-^HOJ

72,482 18,754

27,722

1,827.501)

6,725

LiviDgHtoD,

7,092

56,575

18ll,2l<J

10u,3.S9 1H,I88

57,2«0

t\i

1,685,000

16,«>86

Brrrien,

13,849

48,058

139,295

402,955, 32,012

94,310

18,646,171

46,800

Calhoun,

22,768

121,0J3

480 640

380,021 109,136

124,120

4,4l«,00ihl3

113 240

Cara,

13 124

«7,96;i

2)9,022

576,439,303, 137

96,088

4,327,000

7,360

■TackKOn,

21.Hf.5

140,674

654 201

374,.S24

98,840

146,968

2,800,001'

121,860

KhI mazoo.

16,895

05,056

35 ',811

563,741

130,734

95,206

7,3:!6,000

27,600

Van Buren,

7,780

80,838

63,611

210.251

46,562

69,206

8,6;W,000

12,000

Washtenaw,

21,838

177,944

759,572

438,5h3 83,834

170,541

9.299,11,1

140,600

Wayne,

65,798

47,726

85,63

157,612| 7 815

120,942

20,163.605

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.

Line of Railway to

§•

wliic 1 the traffic

i>du<.

•s

•g

•3

■s

5r,

:<:

Uetroic & Milwau-

Icee Railway.

241,164

820,404

2,329,389

2,081,695

872,881

1,140,418

352 350.000,000

Michigvn Central

R>i load.

216,862

844,309

3,137,875

3,45«.946

943,330

1,078244

298

86,760,889

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

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-

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.

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 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 ; -■

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

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

.i2 ss

;iiio

(i 00

22s

2'v

.1 70

1S5

2;.

4 C2!i

ion

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'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

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 nn<l renew iit pleasure, auil shall have, enjoy, nnd i 'sv exoreis«» a!!
tljo i>owers, rijj^ht* ainl privileges, which ajipertaiii to oorpor/f*'» bodies,
for the purp<jHe8 mentioned in this net.

Skc. 3. Rniil corix-irnfion hereby created, shall have power to con-
struct a single or double rail romi, from tho fity nf Detroit to the
villatjo of PoJitiao, with power to transport, take and r^ury iiro|>orty
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.<aid
stock shall have been subscribed, if within one year after the ]iassage of
this act, the commissioners shall call a general meetinor of the subfcri-
bers at such time and place as they may appoint, by giving sixty days
public notice of such meeting; and at such meeting the commissioners
shall lay the subscription books before the subscribers then and there
present, nnd thereupon the subscribers or stockholders, or a majority of
them, shall elect nine directors by ballot, a majority of wliotn shall be
competent to manage the atl'airs of said company ; they shall have the
power of electing a Presideiit of said Company either from amongst the
directors or the stockholders, and in said election, and on every occasion
wherein a vote of the stockholders is to bo taken, every share shall
entitle the holder thereof to one vote; and every stockholder may vote
himself or by proxy.

Sec. 6. To continue the succession of president and directors of
said company, nine directors shall bo chosen annually, on the first
Monday in October, at such place as may be appointed by the directors
nnd if any vacan.cy shall occur by death, resignation or otherwise, of
iny president or director, before the year for which he was eli'cted ha«

• xpireil, a person to fill suoli vacant place for tlie rosidue of the year
i;-,ay be appointed ]>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<l
at any time during the interval between said annual meetings, by
the presiilent and directors, or by the stockholders owning not less
than oue-fourth of the whole stock, by giving thirty days public no-
tice of the time and place of meeting; and when any such meetings
are called by the stockholders, the notice shall specify the particu-
lar object of the call; and if at any meetings thus called, a major-
ity in value <;if tho stocklmlders are not present in person or by prosy,
such meetings shall be adjourned from day to day, not exceeding
three days, without transacting any business; and if within said three
ilays, stockholders having a majoiity of the stock do not attend such
meeting, then the same shall be dissolved.

Sec. 8. At tic regular annual moetinga of the stockholders of
>: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.

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,

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

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

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

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

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-

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.

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;

■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-

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-

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.

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.

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

.„!_

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.

-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!

al
n-

ee
te-
be

all

lat

»y.

,it
or
)sa
ted
oit
tall
snt

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

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^

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

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-

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

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

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

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-

,^.- ..►

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;;<i,i, ]

County of ' W<i!ini'. f "^'

On this twi'iily tourlli day of April, in the year of r)ur Lord, ono

thousand i'i"lit. hundred and tiftv-tive, before lue, a Notary Public for

said Oouiity, ]torsonally appeared Henry N. Walker, President, and

Chailes C. Trowbridno, So('retar\', of tho *' Detroit and Milwaukee

Railway Com[iany," known to nio to bo the persons devseribed in and

wlio executed the foroj^oinji; instrument, and acknowledged the same

to bo the free act and deed of wdd " Detroit and Milwaukee Railway

Company," for the uses and purposes therein expressed.

A. H. ADAMS,

JSotary Public, Wayne County, Michigan.

State of Michlrian, Rcriisler's Oj/!cv, Waifne Countij.

Received for record this 24t]i day of April, A. D., 1855, at six
o'clock, P. M., and recorded in Liber 22 of Mortjrages, on pages 310,
31V, iSlic. IL R. NOVVlAND, Register.

State of Mlchf'/an, liec/tsters Ojjice, Oakland County.

Received for record this 20th day of April, A. D., 1855, at half-
past seven fiVliK'k, P. M., and recorded iu Liber 26 of Mortgages, ou
pages 111, 11.;!, 110, 111, 11a, 110.

]{(JBERT W. DAY IS, Register.

Fee?, f>2.<i i. Paid. liy D. A. Ellioix, Deputy Register.

Slate of Michijun, Ecylstcr's Office, (Joiiesee Count y.

Received for recorJ this 24th day of April, A. D. 1855, at four
o'clock, P. M., and recorded in Liber 11 of Mort^afres, on pngen 7, 8,
9, IG and 11. Paid. F. K. TRACY, liei-istor.

State of Michvjany Register's Office, iShimnassee C'ountij.

Received for record this 28th day of April, A. D. 1855, at ten
o'clock, A. M., and recorded in Liber D. of Mortgages, on pages, 2, 3

and 4.

Fees $3.00. Paid. 0. CORCORAN, Register.

State of Michigan, Reriister''s Office, Clinton County.

Received for record this 28th day of April, 1855, at five o'clock, P.
M., and recorded in Liber D. of Mortgages, on ptitres 431, 432, 433,
434 and 435. Fees $2.75. SETH P. MARVIN, Register.

State of Michigan, Megister's Office, Ionia County.

Received for record this 30lb day of April, A. D., 1855, at nine
o'clock, P. M., and recorded in Liber D. of Mortgages, on jiages 210,
211 aud 212.

Fees $2.75. C. OSCAR THOMPSON, Deputy Register.

^fa:t! of Michigan, Jtegisler's Office, Kent County.

Received for record this 30th day of April, A. D., 1855, at five
o'clock, P. M., and recorded in Liber J. of Mortgages, on pages 815,
816, 817 and 818. Paid fee $3. F. W. WORDEN, Register.

State of Michigan, Registers Office, Ottawa County.

Received for record the 28th day of A]>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,

855, at fivo
pages 815,
Register.

!55, at fivo
pjiges 60!),

^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
<lay of May iuid tho Fifioentli day of November, in each year, on the
delivery of the annexed Warrants, as they shall severally become due,
at the Oflice of tho said Agency or other designated place in tho City of
Now York.

The holder of this Bond shall be entitled, at any tune within five years
from tho date hereof, to convert the principal sum into the Capital Stock
of the said Company at pur. (Fifty Dollars per Share,) on tho surrender
of this Bond with the unpiud Interest Wan-ants annexed. And tho said
Company agree, that this Obligation, and all rights and benefits arising
therefrom, may bo traiiKforrcd by general or special indorsement, or by
tlelivory, as if the samo were a Note of Hand payable to bearer. This
Bond, with other similar Bonds, is se^iured by tho first and only Mortgage,

except as lipreiii mentioupil, on their Railway from Doirnit to Grand
Havt'n, in fciie Statt> 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<liu'ts. (.'iilv<'rta, Depots, Uojjot Grounds, and
Wlmrvos <'Oiinectol Uu'rcwilh or iKiloiiirintr fn said Iiuilvvay *-'ouipuny,
and all Buildings thort!(»ii. und also on tho Franchis'.s of tlic Haid t'oni-
pany, executed to Erastiis Corning, Ksqiiire, of tho ('ity ot Albany,
Frederick C. (Jrobhard, Entpiire, of the City of Now York, and George F.
Porter Esquire, of the City of Detroit, 'rrustees, to secure the sum of two-
aud-a-half Millions of Dollars, and duly Recorded in the Oflice of tho
Register of Deeds for tho Counties of Wayne. Oakland, (lonesee, Shiawassee
Clhiton, Ionia, Kent, and Ottawa, in the State of ilichigan: But subject
to Mortgages made by the Detroit and Pontiac Railroad Company on
that part of sai<l Road between Detroit and Pontiac, and tiie Depots and
Depot (Grounds connected therewith, for Five Hundred Thousand Dollars
and to a Mortgage made by the Oakland and OttJiwa Railroad Company
on that part of said Road from Pontiac to Lake Michigan, and the
Depots and Depot Grounds connected therewith, on which lionds have
been issued only to the amount of Thirty-one Thousand Pounds in
Sterling Bonds, and Fifty-seven Thousand Dollars in Dollar Bonds.

GrvKX under the Corporate or Common Seal of the said Com-
( L. S. ) pany, this lirst day of May, in the year of our I^ord one
ibousand eight hundred and fiftv-five.

Not Valid until the printed Certilicate, on the back hereof, signed by
Erastu.=5 Corning, Frederick C. Gebhard, and George F. Porter, Esquires
or by the survivor of them, or by their successor or successors, as Mort-
gagees in Trust.

Presitlen* of tho Compnuy.

.Secretiiry of the Company.

^1000.

Bond JVo.-

Interest Warrant JVo. 1.

THE DETROIT and MILWAUKEE RAILWAY COMPANY

Will pay the Bearer, at their Agency in the City of AVw York, on the
Fifteenth day of JVovemhcr, l><^)i), Thirty-Jive Dollars for Interest due
OH that day.

jj35 Interest TrewuMr.

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

14,695

891

510

31,200

300

389

6.490

2,675

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

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

■f

'i^

■m;

'■>^ V

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 <i» m ill

II M I m i
J,

nil.

^- XI U, II

\o«^

/x'

<>S<lpnslmi-.

'"III

( li

•JTlCA, ANO

---^-v-

SCHtNCc,

!<: \v

Y () 1

Y () n K

K W

l^Tic

A ANO

SCHtNf,-.

'>^

Si'lii

Y O |{ K

K XX S Y I/VA X I A

<ji-'*'"^AC

CENSUSoF

(Ol X'l'll'.N

Ai.i,i;(,A,\
ii.vuin

IIKIIIMKA
III! .\\( II
CAIillDr N

4 ANN

cinri'i'iw.
ii,i\i((.\

l-.ATOX

t;.vi.Mv.r
c.KXKSi'.t;

<ll!ATIO-|-

ciu.Ni) niAv ii\sij!

IIII.I.^OAI.K

iiui (inrox
iirrtov

IM.MAM

: ISAISKI.I. A

; lO.M A
.IA( K.SO.N
KAl.AMAy.tM)

ny.sr

I.AI'KKK

i.io.NAu'i;?:

l.lVIXIiSTON

MAC (I.MIl

Al \( I.NAI

.\l AIKII KTTI-.

MASON

Mini.AMJ

MOMIOI.

MONK A I, M

MKf OM A

\HVVAV(,()

()Alil,AM»

(If KAN A

OMONAIION

IIT'IAWA

SAlil.VAW

SCtlOdl.CIIAKT

SHIAWAMSKK

S ! CIiAlll

ST.IOSKI'II

SAMI.AC

TfSCOI.A

VAX III II K.N

H.V.-iriK.V vw

\\ Al \ ^.

■■'j^ti^-

ILO

sCH^Ntc^

,^ "^ J

Sal

11m

Srlit'iHU

Y () W \\

CENSUS OF MICHIGAN

I *

X S Y L V A N I A

C,t.NTfl<,^

CorXTIKS in:\'

utio

liil.i

la.ioi

ltti»"l

Al, 1.1. 1. AN

IliO

1 -ii:\' ;i Hiii

,'i i>'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

<lit.\Tn>r ji
I. ii.vNi) niAvrnsKl

'in

■

'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>

• <it

1 i.iii

t.ioo

'.*'l3.1i

.S.M.I.VAW

iVMl

,i'i.

) Mil

■Mi,.,

10 Olio!

r»('llOI)l.» IIAK 1

ii;

.'lllO 1

SHIAW.VSSKt:

1 nil

■> 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

►

o%.

^^'^

^>.

Photographic

Sciences

Corporation

23 WEST MAIN STRUT

WEBSTER, N.Y. MSSO

(716)872-4503

r->

_0^fc»iia...« H»iT#'A'

,.. .'.i-.^'^i

?^HSi

-2*ia

)

S i' P /',' R i Ji

-j»,

^^«i&».

. . .x^

^^^iC?^

-V

■a

>^ )

I.Uh.ofW.FeU XrCo.X.y-

..u.

fc.' ">\\\>-,.W— :.;-'5

i ^s w ■yj'i'-'jji nil 1 (' 'if ^^^

■''f/'A

'/.■y.:' -&:

..-J-

if.-/''.- . ■''/«,:

e i,r;l!/:i ,i .

WAI'TAOA

I 01' H/

Sis

s/p

M <-m»^''^:'^^r^,''

' ';•'. ''^

WAI'Sl

(>('>0(

I All

r\'.

'\VI>

S 1'- !•'

, %r 'MANITOWOC
aaoo

MAIUtrKTI

■-^/i

ffl.:

Koii.l <lii 1..X JHS

- ' IliOOO

1 sukbAvoa.n m;:.

•--f

-^i->'"\;^s

l:i;iii^

'"p()ttNVnKl>ii«5J»"

UAKV".

(

^EVVAY«;0

ij^.

WArSUAUV
(iUUO

\.\\uiyyyr-f\

;fc>IANlTOW0C

(•„..n.ir'. A'l'

t W-C

/■6 x

K«iiul till I.." lei Ul ku>»>

|.'i)NI) 1)1' l"^'* 1 V..-'"\,J'-^->^
t-Wi- - ?\ A - -' 10000

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

xA!*

.4 Ml

MONTI' A»->»

2.(Ui«)

•jMf'PTAW

.IKKKKK.-'ON 1 VVArKV-.Sl.A

io (>«)()

I J.-l (lOO

■i.%.000

■■W

iUACIN K

oou

' '' )' '" "•)"

' WAI.U'OHTII
•20.1)00

^nliiJi^- .-■

T^'''^^l>W'*,

IONIA

lO. 7.!7

IV>rlliin<>

; ! . 'i I

..••'•"

*•''■■

OS''

^ p. Xiaiu-svillr

. ■ •' H> 'in^ ///iX ''ii.'iiiii >,iy

^^,1 : :u..ym]^\V^n!!jf' , u/illfi:,lii>

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<l

1.'.. 7'i4r

\yfillc \'\%von

.r^-N. I»itCfal>,)|/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 <A

a.oo I

I'J 100

nAN7'.

1^0

a.vooo ' ■^"T.X fi

B2h. iV .V.^«:^.-Jrtc!'

ft., R

) 1 HO(^

\ : ■.•'>. ()0()\^

I v. r-N \ i
1000 N

Tslco

\»»

Pi .'.laiii'.'^villi'

WAl.WOUTll (i I

•20. 000

,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^

#ffite of tijc lletroit iini^ Pilluimluf ^;li>tnlti)an Coiniiau]),

^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'/<D /4f' (^/or^^off/fi;<i ^o /^e' ^rfifi/o a?ir

/^e^ (^Vfr/t^r/(/<j^4 /cf^ //<eP ac/iofij m/ttrn l^e^ unatNmoii^ I'cte^ o/<d atc^
(!^'lc>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//</i// //ft ' /(a?/' o/<D monff/j Arm' //r' /'^Ura/o ^ //eJ/rla?'
fS^ai/irm/Q VrmJ/cnr/i rfo ^rrf?ff(/r/, rri/Zfrff/^ (rZ/fc/f ///r' ^Aoffd mf/j/o
j/r/i a/f^ /Zr' ,i/frZZrrr?n(yfrof/ZZfZ- Z/rrr //i'rir/frr' rP uouP /rirxi/Q
i-j i/nZj/tr7iif(/ZZr. Q/Z^ ^rtt Jef?9 -^rffP /^Hoxy, /iZZ /Zr ZZk/fZ a?i9 le/atfiy'
{/q wim /Zid ^Uci. , ' «,

i-«"«

PROXY.

«iv\;m<M

cl^ ShaMi) (A^ iW) VSalvAAal^ wloA) xX^

L DETROIT AND MILl¥AUKEE RAILWAY COMPANY, Livo n.y.^\U.\ ^\ «I.L;J)

AcJ ««) ftirtiu) M»u) xino) AuivuIma) 6^AAo\ft>M\l Io\9

i\(\i<l

mvc) Aivv) iwvul nxawifl, \\^*^*' '^^^^^ Mma), Aai juaM) a!>) 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<M luilmni) rnvwix) ^o'vyv*) Iu«Va>\«) 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