New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-11
financial.
&0DO DH0 C l. E V f l. A n d,
Up %OOsOOO GAINESVILLE and ASHrA-

$500. p q Il E Z al and a AsHr =
BULA RAILROAD SEVEN PER CENT MORTGAGE
BONDsSealed Proposals will be received at the office OF
the Company's Agents, Messrs. WINSLOW, LANlEa q
co, No. SO Wall-st, New York. until TUESDAY, the
10th day December next at O'Clock PM for the par'
chase of the Company Bonds to amount net exceeding
100000.
The Bonds arc in sums 900 each payable the LIST OF
February 1861 with at per cent sem annually,
on the first days Of February aud August in the City Of
Nsw-York where the PRINCIPAL sum Is also payable. and
are secured by first and only mortgage or dead Of trust to
George Coo. Esq., of NewYork in trust for the bond
holders.
The bonds issued by authority OF acts Of the Lessa
ture Of Ohio giving special power make the bonds and
them by mortgage the Road its franchises
and equipments and to sell the same If need be, below
par making such sale valid as II sold at par.
The mortgage issue Of s7ooooo Of which $780,
900 have been Sold the remaining 100000 (stcepng ths
s2C0 eco now oered will not be offered for sale until the
spring and summer OF next year.
This debt is made pay for the irsn rails and equip
ments
The norsage covers the entire line Of road from Cevc-
land east 10 the Pennsylvania State line In the direction
Of Erie distance of seventy miles known as tho Lake
Shore Road, thirty miles Of which, from Cleveland 70
Panesve completed and now in operation The resi-
due of the Road to the PsnnsylvsRA State Ine VIII no
completed by the LIST July, 1852.
This company has the control OF the railroad now
constructing from Ohio and Pennsylvania State Line to
Erie distance OF twenty five and half Mules making
In fact continuation Of the road, under one manage
ment This part Of the line will be completed about the
LIST July, 1859.
The residue Of the Lake Shore Road, lying between Erie
and Dunkrk and Buffalo will be completed by the 18th Of
December nsrt thus giving continuous line Of railway
from the City Of NswYork Cincinnati BY tho LIST Of July
next.
The estimated cost Of the Cleveland Paneile and Ash
tabula road in working order Including equipments sa-
Gent for the entire line TO Ere ISL 93 Near 500 00e
of Stock has already subscribed and $500 coo has
been expended the road The subscription list daily
being increased To provide the remaining to
plsts the road this loan is resorted to-
The mortgage empowers the trustee in Of failure to
pay either principal to take possession Of the
road and sell the highest bidder its franchises and
equipments on due notice and apply the proceeds pay
ment.
Thar this road will prove OF grea. usefulness and
profit will at bs By reference 10 map Of its line
sad connections being nportant link the great chain
Of Railways from the City Of NswYork to Cincinnati and
the Southwest and aso Chicago and Galena the north
west, connecting the east with The Ne~York and Erie,
and Buffalo and Albany roads.
railway is also about to be Constructed from Ere. by
way ofSunbury to Philadelphia.
The amount Of business done BY roads connecting with
and generally known, that further men,
ton need not be made Of It here.
Proposals. may be addressed TO Winslow. Lsner & Co,
No 81 Wall-si Endorsed Proposals for Cleveland,
Painesyille ard AShtabnla Railroad Bonds"
The sale Will be absolute ard without reserve u per
cent will be required 10 be paid when bids accepted
the res IL monthly payments Of IS per cent each
Accrued the bonds must be paid BY the pun
chaser No bill fo- less than 81 900 VIII be received.
All Necessary information IN relation 70 the road or the
bonds g. sher MAG OF the ROAD and its connections.
NAV be had on application 10 Messrs WINSLOW,
LANIER co at their Office 20 the un4ersisnsd u,
he Irving House. in this city.
b order Of the Board Of Directors.
ALFRED KELLY, President
Kew-Yofk Nov. IS. 1851 me- tDls