New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-12

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MORTGAGE BONDS Sealed proposals will be rece we'd
at the office Of the Company 81 Wlst in the city Of New
York until wednesday, the 2jh INST az NJ, for the
loan 1t less than par. Of the whole any part Of
$3.50 O the bonds Of the Company payable at their Of
fee IN the City Of NewYork, The first day Of August.
1861 the proceeds Of SAID loan 10 De received four equal
instruments Of twenty-five per EACH the first day Of
July August September ai ,berneNt, the may
he paid full any Al the option Of the holder
These bonds issued by Of Act Of the Legsa
ture Of Pennsylvania which follows
"SEc That shall be lawful for the President and
Managers Of tho Pennsy Coal Company from time 20
time and at all times 70 borrow 20 Obtain loan, such
sums ofmoney and on such terms they may deem eIp
dent for the Of SAID Company AMI pledge and mort
all any part Of the estates improvements privileges
effects and whatsoever u the said Company for the
repayment Of said Of money borrowed, at such
times NAV be agreed upon"
The Bonds for 81 900 dollars EACH with coupons for the
payment If interest the st day Of February and August
each year, at the Office Of the COMPANY the City u
Ncw-Yolk Interest viii be allowed from the Of pay
mont Of the several instruments The bonds specially
secured by mortgage William F. Hayemeyer Robert b.
sntum and Moses Taylor Trustees for $500 O00 upon the
privileges Of the Company aud their lines Of Railroad
with appendages such branch tracks engines cars
canal basins. docks workshops, soTehouses Sc
pced and costing cash. 81 s57 6O and upon there
- no other mortgage " lien
The Company lines # Railroad about a. miles
long each extending from the Delaware and Hudson Canal
at FaNley, WayHe County, to Pistston the North
Branch Canal and the Susqushanns River the County
Luzene where the primo pal and large Coal deposits fthe
Company are located The Company have received
on Capital stock ,22o
On Bonds held By Stockholders, and convertible
into Capital St0Ck 100000
And have Jet u receive Capital StOck----- 1870
Making aggregate Of means s1OoOOOO
OF which they have expended upon the road and
Ms pu.ents a. before stated jj7 100
For 20 Canal Boats, 10 tuns each and opening
For coal and other lands 6J2,s6i
Making an expenditure for lands and permanent
Improy Cu.euts 158, lS
The Company producing from their mines and
bringing 70 the NewYoTk market by their Railf0a and the
Deaw and the tuns coal
FOR the business ofhs present year and the Loan 800 co.
FOR which proposals invited chiefly wanted 10
provide additional canalboas and other improvements re-
cured FOR the large Of business conempat for
the ensuing year and the residue Of the Bonds Jr which
the mortgage provides vii be issued hereafter II required
facilitate and further eTtend TIE business II the Com
pony, o. meet the capaty % their works Proposals Will
De Endorsed Proposals. Tor loan Pennsylvania Coal Com
pany
ANY further MO nation may b. obtained on Application %
either Ehe rtersgnei or a, the Office Of the Company
Trad HAWLEY, ROBERT b MINTURN,
MOSES TAYLOR, DANIEL PARISH
ISAAC L. PLATT, WM HAVEMEYER,
WI r, GRIFFITH. JOHN EVEN,
iei2t 9th IDectoi Of the Pennsylvania Coal Company
OFFICE CITIZENS FIRE INsURAN-E CovPAsYi
- - NE"-loRk, june J. 1891