New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-02-04

May ........... 660os 81 December ...... gk3D y
jSFs :::...... g g rs 6 sas77
Making 40 aggregate Of s09T7 20 II viii be- hat ~
receipts Of road from the l Of Apr b the !s q JsEs'
AIRY we're soes5s p thus falling bur $4,000 shDf q u
estimate Of The receipts completion 81 he road Bms
hanton. WIN the communication with Seneca Lske 10
ssni month viii amount 70 about tI6co and srs ere
~ 10 believe that dpnng the succeeding uoniks
Tie year hey cannot AL below an average u s23O0 AZ
ter th- lst OF September shall receive frreY income
from the road west Of Coming
The Board o. Directors have the sasfeou q funir AZ
bouncing 70 tho stockholders mat the q miles Of f0sies
between Coming and HorueisvilIe haze been snsn
purchased psr Of hem shipped and he remainder 10 ts
process q shipment from knglsnd-and that the Whole
%s. S Dc opened snd IN Srseesl OHsrsaen o. ss
proposals Tor COMPUTING he road from HorneilsEin'
The pre.sni condition u the Company may be bne'y
stated ~ follows
Amount Of stock ssued. 1919
state Mortgage Bond. Saotss
Certificates ofold indebtedness 1850
Other Indebtedness, payable In 1850 and Ill.,. llSes
iftl,tt
II viii b proper here u exhibit an ssamais Of he $50
uons amount neeesssy 10 compels the road 10 Lake Lnr
qasniiy carefully Examined BY ssynosT R.q ~ iosss
hat the required for us purpose amounts 70 sl7oe
The to Hornsllsye before remarked, hss
slresdy been eonsr4eled for with responsible parties g
considerably within The estimate Of lhs Enstaeers at
hom the fact hai near million u dollar. have "a
pended fof grading AMI masonry west u hofneytis, %
cannot doubt thai fall reliance may be placed thess s
males IL should be Dons mind that Of CoFui1z %
route - hro1zh country exceedingly favorable fDf coz
sfncung hsi5oef, and hat hire u bfie 90 hssD
work 20 be done
II remains ssesylAin what further bhgsn0ns ~
Company VIII necessarily have provide or d9rinf ~
ume proposed for completing me road snd he rssosrees
ren.1nlng epplcsble 70 that object; -.
Interest On ~ go a. per cent fls5s
Do. do 10000 Al pr ct leertfesfes, H.. w.
DO. do 5,77sys3l ats per tstoekJ ....... sAID
Do do. 10000 az per cent CSC snd olD.... 49,
Tot.l. sd -
The interest The suste mortgage of s30Seess
ready deposited viii lbs C0nnoller up ~ he period %
proposed completion ofth road
The receipts Of the road for the present yesI s -
naieo
Ne, ,0eoms ssosees
80 90 han sufficient Day oil demands iof ~
teresl that BE- brought aganst he Company s<saNs
six per cent peySble on he stock
The Board have had under their coosd-rtuor se.e.s
plaos oF The completion u he road bat sy nosuy -
ng .toek q he Company. THIS sserieee voed ceosss-
MY have deprecated tSo stock already issne5 sno WV
haze caused disss1sacicn anBonE the slockhoaea a..
Your Board would here re1nsfk, that hey tA,y ~
uni The trxf man tnd hostile ~eo cc1Ds -
overwhelming sIecess Of TIE Ere Railroad vbsa 80.
peted 70 Laas Ere The only cifscrly sdgEesed -
Il may never be ompletsd X we eontsnd, tnere - -
doubt Of he Triumphant success u thfs road ~. -.
rsschrs Lake Rne ard II asriker contend ms ~,
addlronsl expenditure OF less han s5eoQea thst,
Tie opinion Of your Board there Be Question o. ~
easbil1fy q he plan are al-oal " recommend
We propose 70 issue three millions and hall % Dcon>
bonds hssrnx nseres u per cent payable kAi yeslz
rsossnsbIs 4 ths pleasure Of De coursny, vsaas ="