New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-06
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&Dun ssNn G l. EN + Ia ID,
Is ZNUt. sNtst pAINFsYILLE and A5HrA-

S2UW.Wju paINEsvILLE and AsHrA,
BULA RAILROAD SEVEN RECENT .isoh oA'h
BoNDs-sealed Proposals viii be received al me once OF
the CoInpsuts Agents. Messrs. WINsLO", LaNiHA
90 No 81 wall-st New York. until iCbsDhi' w
18th day Of Decsmbe next at O'Clock M for 'he par
chase Of the Companys Bonds TO an amount NOS
$4,000
Fsbrua,y 1901 with interest a, per cent semi annually
~ N. srs DAYS of February and August IN tbs Ciy OF
New York where the PRINCIPAL sum also payable ana
are secured by first and only mortgage or deed OF rus' 70
George Coe. Esq., Of York, in trust for the oono
holders.
The bonds issued by authority OF acts OF the LesiA
Ohio giving special power to make the bonds and
to secure them BY mortgage the Road. It's franchises
and equipments and to sell the same. If need BE- below
par making such sale as valid Is If sold at par.
The mortgage covers issue Of s7OO OF which $780,
have been sod the remaining soeVe (efcepang the
$500 900 now oered will be offered for sale unta the
spring and sumner Of next year.
Tbs debt made to pay for the iron rsils ana equip
mepts.
The mortgage covers the entire line Of road from Cievs-
land east to the Pennsylvania State line in the direction
of Enc distance seventyone miles, known the Lake
Shore Road thirty miles OF which, from Cleveland TO
Painesyile is completed and in operation. The resi-
due OF the Road to the Pennsylvania State line wall be
completed by the LIST July, 1851
This COMPANY now the COntfVi VI VAC hoW
constructing from the Ohio and State Line to
Erie distance of twenty 1--WE and half miles, making IL
in fact continuation of the road. under
ment This part the line Will be completed about the
LIST July. 1854.
The residue of the Lake Shore Road lying between Enc
and Dunkrk and Bualo will be completed by The 18th Of
December next thus giving continuous line Of railway
from the City Of NewYork Cincinnati by the LIST Of July
next
The estimated Of the Cleveland. Painesve and Ash
tabua road in working order including equipments SUM-
Gent for the entire line to Erie is 3jls3 Near S70oos
of Stock has been already subscribed and over S5OOo has
been expended on the road The subscription list daily
being increased To provide the remaining means to COM
plse the road. this loan is resor,ed TO.
The mortgage empowers the trustee in Of failure TO
pay either interest principal take possession Of the
road and sell the highest bidder its franchises and
equipm eats notice and apply the proceeds in
ment.
That this road will prove Of great usefulness and
profit will at once be by reference map Of It's line
ard connections being Important link IN the Sroa cham
Of Railways from the City OF NewYok 10 Cincinnati, and
the souhw est and also Chicago and Gaena IN the north
west, connecting the east with the New-York and Ere
and Buffalo and Albany roads.
railway ia aso about to BE- constructed from Erie by
way OF Sunbury. 70 Philadelphia.
The amount business done by roads connecting with
AID west IS generally known, that further men
ton ne.d lot be made OF It here.
Proposals may be addressed to Winsow, Laner Co.
No g Wal-st., Endorsed proposals for Cleveland,
Painetyle and Asbtsbua Railroad Bonds"
The sale VIII be absolute and without reserve % per
cent will be required to be paid when bids accepted,
the residue In monthly payments Of rs per cent each
Accrued interest the bonds be paid by the pur
chaser No bill for less than 81 900 will he received.
Anscessay information in relation to the road or the
bonds with map the road and its connections
may be had on application to Messrs WINSLOW
LANIER co at their office, or TO the undersigned at
the Irving House In thus city
BY order of the Board Of Directors
ALFRED KELLY, President.
New York, Nov. IS, 1851. MO tDl6