The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-26

diana, ana the Ohio end Iadisas railroads; one run
ming towards Indsnspol and st. Louis and the other
In the direction OF Fort Wayne and Chicago.
This railroad runs through Allegheny and Beaver
counties in Pennsylvania, and Columbians, Stark,
Wayne Ashland, and Riohland counties, In Ohio. All
of these counties highly cultivated populous and
productive and greatly In want Of railroad facilities
Beginning In the heart of the btumnous coal and
iron region Of Pennsylvania at Pittsburgh it trsversss
the richest wheat growing region of Ohio. Turning
the river hills upon the north and running over the
table lands 1t large stream throughout Its
whole length, with the single exception Of the Big
Beaver.
It is we'll know those eonversant with the mausgs-
ment Of railroads. that their most reliable profits
those derived from the way trade and travel For the
through business there is always more or less comps
titon, bat the way trade and travel make the home
market of railroad. In this respect this line
pies strong position, 1t runs by, or within
about mile, of more than thirty tow and villages
Great has been taken In the location OF the line to
accommodate the local population, without delaying
the through trains unnecessarily in the towns.
The mortgage bonds Of the company with the prvi-
lege into its stock at the option of the
holder issued for the purpose of paying for the
supersructure and equipment of the road and they
have the entire property tor their security costing
complete up to Massilon 085 000 In every point
Of view, as local road as connecting link between
great centres ofagrioulture aud manufactures and
grand trunk line connecting the eastern cities with
the western States, the Ohio and Pennsylvania Rail-
road promises to be highly profitable.
Its total cost per mile when completed with heavy
rails weighing sixty pounds per yard and with more
moderate grades and curves than those the Penn
sylvana Central Railroad Of which 1t is the extern
sion, will be less than half the cost of that work
Ia mi 10 from Ha sbury n
Pittsburgh, is estimated to cost So 10000,
age of s37 056 per mile exclusive Of equipment This
road 1856 miles long, is estimated to cost, without
equipment, 900, or an average Of sle59i per
mile.
The line runs parallel to the Ohio river for only
twenty-five miles on which the minimum radius Of
curvature lie half mile and the road generally dead
level, adapted to be run at very high velocites The
passenger travel between Pittsburgh and Beaver,
amounts to about 400 persons per day, without rail-
road facilities, and 1t will be greatly increased with
irregular and stten DISTRACTED and . passenger on
the railroad may reach point in hour, which, by
steamboat, would require half day.
The bonds Of the company, to be sold, are to
pay for the supersructure and equipment OF the line
from Pittsburgh to Masson l07 miles The estim sted
cost Of grading and bridging for this distance, Is
$77500, to which should be added for the right Of
way, fencing, depot grounds buildings water sta
tons contingencies and engineering, S2lso0o, making
| S9e3 coo.
There is very little doubt but that these bond. afford
Of the safest and most desirable securities In the
country and 1t is confidently expected that the right
ef converting them into stock at par will be svsiled
by the holders The amount Of property appropriated
for the protection Of the first mortgage bonds Of the
Ohio and Pennsylvania Railroad Company places them
at the top Of the list of that class of securities Pro.
posals fer any amount not less than one thousand
dollars viii be received until O'Clock the seventh
Of December next, at the Office OF winslow Lanier,
CO. No 81 Wall street. Parties whose bids are
accepted will be required to pay twenty per cent upon
the amount awarded to them, immediately upon being
notified OF the acceptance of their bids and the
mander In equal amounts the first day of January,
February, March and April nsxt-but any party will
be at liberty to pay In full at Interest will
me nee from the day OF payment