New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-08
5000. 600 r 9 1 : Z . n ! A = =,

pT-IAR RAILROAD SEVEN PER CENT AoRr0AGk
pONDs-Sealed Proposals viii be received AZ 'ne .nee oi
the Coupanys Agents, Messrs ~iNsLoM, Ln.
70 No 81 walI-st New York. until ruEsDAf' the
s,, A.. ~ nscsnhey merit ATT oclck M for the par
chase Of the Companys Bonds 10 an smoahi h''
s2oo.ocO ,
h Ronds are In sums Of 81 900 each, payable me in
F,bruary ISL with interest ST per cent ssHn Ahha'
o the hrs, GAYS Of February and August the c' Q,
New-York where the princf al sum also pNys''e' .1
are secured by a first and only mortgage OF deco OF "
Ceorre Coe Esq., Of New York, trust for the bond
holders. .
The bonds are issued By authority Of acts Of the LessA
tuIe o Ohio giving special power make the bonds ana
TO secure them by mortgage the Road, It's franchises
and equipments and sell the sane, II need BE- below
psr making such sale A. valid AZ If sold al par
The mortgage covers of 500 600, Of which $780,
900 have been Sold the ssOosOe (e1cephs the
s2oO Oco rov oeTsd will no, be offered for sale until me
spring and summer Of next yesr
Tins debt is made pay for the ren rails and equip
menis
The mortgage the entire line OF ROAD nom Ceve-
land east 10 the Pennsylvania State line, In the direction
ofEre distance of seventy miles, known As the Lake
Shore Road. thirty miles of which, from Cleveland to
Painesyille completed and now IN operation The resi-
due Of the Road to the Pennsylvania State hRe Will be
COMPLETED by the LIST July, 1859.
TIM, company now has the control Of the railroad
constructing from Ohio and Pennsylvania State Line to
in fac. continuation OF the road, rnder one manage
meut This part Of the line Will be completed about the
ist July, 1854
The residue of the Lake Shore Road lying between Ers
and Dunkrk and Buffalo viii be completed By the 18th Of
December next thus giving continuous line OF railway
from the City of NewYork to Cincinnati by the LIST OF July
next
The estimated cos, ofthe Cleveland Panesve and Ash
tabula road in working order including equipments subj
een for the line to Ere is s5i93 Near S7oO0W
of Stock been already subscribed and over has
been expended on the road The subscription list daily
being increased To provide the remaining means to COM
plsie the road, this loan is resorted to.
The mortgage empowers the trustee in case Of failure to
pay either interest principal to take possession OF the
road and sell it to the highest bidder its franchises and
comments on due notice and apply the proceeds in pay
ment
That this road will prove one Of great usefulness AID
profit will st be by reference 10 map OF It's line
and connections. being iaporant link IN the great cham
Of Railway from the City Of NewY)rk to Cincinnati. and
the Southwest and also Chicago and Gaena IN the north
west connecting the with the New-YorS aud Ere
and Buffalo and Albany roads
railway also about To BE- constructed from Enc, by
va, ofSunbuIy. to Philadelphia.
The amount Of business done by roads connecting with
1t east and generally known, that further men
ton need TO, be made ID II here.
Proposals mag be addressed To Winsow, Lanier Co,
No So waT-st mdorsed Proposals for Cleveland,
Paine.ville and Ashiabua Railroad Bonds"
The sale will be absolute and without reserve - per
cent will 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 the pur
chaser No bill for less than 81 600 Will be received
All necessary information in relation TO the road or the
bonds together with map the road and its connections
NAV he had on application TO Messrs. WINSLOW,
IANIER 4 co at their office TO the undersigned, at
he Irving House. IN tins city.
by order Of the Board Of Directors.
- ALFRED KELLY, President.
New-York. Nov. Is, 1851. MO tDi6