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

year. ~ pe5se e entire - the road eher
sss ~ LAW is5 until the net earnings shah reach
$50 b. morsgage bonds This propose eonfden,
- ~ belief that the receips on the completion OF the road
va Be nor nsD psT Interest on The es. Of NE Conc
esny Al ttai perod q every nature and ak per cent div
o s eonpe3on Of The road Lake ne gro-s
,spls es1ooi S s:. for The Lfsi year than sjooe and
ne second yesi $4,000 40 snow tbs' ae~ osuhes-
are on ears e1rsvagAni he following calculation is
subrec We take 70. illustration, tho receipts for the
NORTH Of October, from PiermOn 10 Oswego distance
u ~ mies Tbs road being then IN operation snd Il
good running order. the gross earrings were 500 600
Iase he distance from O~eRo 20 Lsse Enc vhiet
~ res ard allow the iis division Of 100 road Wi oe
sny prodreye ss the Eastern poron ara esvo or n
account entirely is gss: amount Of freight sd pssse
Fers from oeTrno snf bordering The axes sno We have
t,e To- owing results
Receipts per month O~ego ~ miles sleo0oo
0iyins pr year i2'""|
Enc, Sane fis,anoe per month";. :lo9yo
Making per snngm ............. 3 ,10oo3
We have nov oniy u allow ttst he
freight from beyond OwegO shall be
3esii-eo for Mex YORK aud Of course
hat runs over lhs Eastern half d 1900. e,oaa...
he road and TINS slnoDut = doubled l1e-g ~ -
GIVING lie sgr Of sa9-e--y
We also esvs ct Of the t.e 1a zoe @:o,y o.
ererr railroad shows large Increase In The recepts ron
year % year rus Is universally ne case "a ~
hAsy be reee..sry 2 90 s NOT os IL Wsser gross
RON Woreeser 70 A.5asy
iss2 Ar,t yssT q .s opsa.ns AiO.ny 5z6s3
S,{ % -
y, .ry 50 ger zen, inisres. In Two wears about
Der cent from 1912 70 1873.
Fs:.na,ed reeey, Srs, year u the opening 81 30
road % LAKE 5VNTN
Expenses. irVVV
LEAVING bel ineoms. ....,...... aLjcao,f
r.. be appi'e1 e. fD;o.ys
os.:: o. or S Mossge I soas SOD. a
Interest - otter Indebtedness e. compile $500 -
ron OF the iosd say si,N0D1c ......... sN-H-SS,@'
.r sasr n ier cen, divideod to ne Stockholders
Esdmssed receipts secold year .Ns.
Expenses IISp
i,1sttf~i
I..ersl on Indebtedness al descriptions $4,000
TeAviny. .................. ef5nGo
Grover Is per cent 20 The Stockholders
your Board not unreasonable m usse es'alaie-
~ iong before Of the second year Of the
ning n The road the stock viii be sought lo and made
syssble al par for the redemption of portion Of HE In
h view Of the facts and estimates herein forth he
gOard cannot doubt securities about 10 be offered
VII be received By the public with confidence. II Will be
toeed that Nc have made no reference 10 projected lines
u railroads designed with several OF which
viii doubtless BE- completed within the next three years
Among hem be named The following From Buffalo
10 iornesvlle from Rochester 70 Corning from Auburn
10 Iihacs from Cleveland Dunkk, and the Lggetrs
Gap road connecting the Erie Road with the anthracite
coal regions Of Peunsylvans
When few wears ahal have elapsed. and time j.
gen bring about results yet necessary for the o de-
seopeSnen Of the Of The Ere Railroad the pub
NC viii regard with sstonishmeni the impedimens which
have been suffered 10 reard It's progress Win OF
cars leaving PiermOn md Lake Erie At all hours OF the
day connecting with numerous railroads made ana max
ng between the Hudson River and the Lake and there
connecting with other roads running 10 Cleveland Detroit
Chicago aud Galena all freghed with the productions Of
he bOundess Wesi-wbo doubt The destiny Of this
greai WORK and is Influence the wealth ana prosperity
n tie City Of Eesy-YOrk
There yet another consideration IL fact peculiar
70 Erie Railroad that passes mainly through coun-
ny yet IN us infancy Every forest that 10 cleared every
house that IL built aud additional OF land That
Is cultivated it, borders will increase the business OF
the road II H. by extTavagant idea 10 sup
pose that The population Of the country bordering on ms
Of the Delaware and embracing an area Of my
miles each side, VIII be doubled within ten years from
Ibis period
Your Board In conclusion wonld remark that they have
10 greater IN this road than other socshoders
hut citizens New York, they feel pr1de In lie sue
and there 10 not member OF the board VINO would
great misfortune should Its progress be Oh
sirucsd BY any They have yet IN mo daI
penod Of their experience in the prosecution OF tins
great work for iaered in their confidence Of
he triumphant success They have stood 10y IT. unmoyed
and undsmayed when enemies have predicted its failure
aud when friends have proved faintheaIted They have
freely given II their time their money and their credit
with hope OF reward other thsn the satisfaction oil hay
lag faithfully served your interests. This they con
scious having the beet OF their Abilities and tbs
they viii continue 10 do long they may direct the al
fairs az the Company.
By order Of the Rourd Of Directors.
NATHANIEL MARSH, Secretary.
OAcs n y. and Etie X. X Co. New-York, Fob. ], 1850
II vii be tgrue IN mod that The at New Yok
s,~thoii.rs ueuAeed stock, Tie require
nfats Of Law, q 9Th MAY, isth granting the
A,,,ess,e amour, surrendered ss7864e