New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-10
financial.
$500. OOO,cc, I LExEL L, ND.

$2OO.OOO p { 1 E Y : l. l.. 4 , ND.
BULA RAILROAD SEVEN PER CENT MoaroAGx
BONDS-Seaed PROPOSAL. viii 10 eceved al the s AZ
the Conpany's AZ as, Mossgs wINsLOw. LANIEg
CO, No. - wall-st.. New York untd TUESDAY q.
l6h day OF December nett. at oo,k PM for th- pi-
chase Of the Compsny Bonds an amount not
S20oooo.
The Bonds are Ia Of s. Ooo esca parable As st q.
February lsol with interest At tPeE cent sem saaa,g,
% the 6rst days Of February and August IN the On, Al
New-YOrk where the prncI Al svn also paya,ls ga
are secured By first and only mortgage OF 5.sd o. tu "a
George Gee. ESQ., Of New York trss, for thu Aass
holders
The bonds are issued ny authority Ct u the I.rsa.
ture OF Ohio special power to make hs ..d
to secure them BY mortgage the Road. franchise
and equipments and 20 sell the same. II need BE- below
par making such sale valid As II sold At par.
The mortgage covers Of 500 CO., Of WHICH Sl
900 have been sold the remaining S6oaeo (excspRs the
s2co Ooo now oered) will be offered for sale sns tie
spring and summer Of next year.
Tins debt made to pay for the rsn rails Aai saap.
ments
The mortgage covers the entire linz OF road from csve.
land east to the Pennsylvania State line in the direction
ofEre distance of seventy miles known the Las
Shore Road, thirty miles OF which. from Cleveland 10
Painesville is completed and operation. The
due OF the Road 10 the Pennsylvania State hae viii "
completed BY the ist July 1885,,
This company now has tbs control Of the railroad s,v
constructing from the Ohio and penns State Line to
Erie distance Of twenty five aud half miles, making
in fact continuation OF the road under manage
msnt This part the line will be completed about The
lat JULY, 1884
The residue Of the Lake Shore Road lying bst~ssn Ere
And Dunkirk and Buffalo will be completed by .ae i,A Il
December next. thus giving continuous Line Of railway
om the City Of NewYckto Cincinnati by the Of july
neat,
The estimated cost OF Cleveland Panssve and AsA-
tabua road. working order Including equipments ss6-
cient for the entire line to Erie, is 81 SisS Near s1Nn
Stock has been already subscribed and over s5 900 hM
been expended the road The subscription list dsig
being increased To provide the remaining means ~
plste the road, this loan Is resoredts
The mortgage smpow the trustee OF failure %
pay either interest principal to take Possession Of the
road and sell to the highest bidder lis franchises aal
equipments on due notice aud apply the proceeds pap
ment.
Thar this road Will prove OF great usefulness and
profit will at once be by reference to Of a line
and connections being nportsn link in the gresi chan
of Railways from the CT Of New York to Cncsnat and
the Southwest and al.o clgo and Caena. tho north
west connecting the ea-i With the Newyork aud Erie.
and Buffalo and Albany roads
Aralway also sboa to be constructed FROM Ere. nv
way ofSunbury. to Philadelphia.
The amount of business done by roads connecting via
east and generally known that further msn
ton n eed not be made Of It here
Proposals may be addressed TO "nslow. Lanier Co.
No % wal-st., Endorsed Proposals. for Cleveland,
Paine.vlle ard Ashiahula Railroad Bonds"
The sale will be absolute and without reserve. 0p~
cent will be required to be paid when bids are accepted
the residue in monthly payments OF Is per cent each.
Accrued interest the bonds must be paid By thu pu
chaser No bill for less Than 81 900 will be received
Alnecessa information in relation TO the road or the
bonds tn Of the road and its connecoaa
may be had application 10 Messrs. WlNSLOW,
LANIER co at their Office, or TO the underssasd ct
he Irving House, IN this city
By order of the Board of Directors, - .
ALFRED KELLY, Presdeat.
New-York. Nov. IS, 1881. nso Ids