New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-13
financial.
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SO00 ono C l. EV Z LAND,
" %OOsONvO PAINESyILLE and Asurl

SOM MO c l. r V + l. ND,
" ~OVsONO PAINESvILLE and AsHrk.
BULA RAILROAD SEVEN PER CENT MORTGAGE
BoNDs-Seaed Proposals Will be received Al the oGos n
the Company's Agents, sIessrs. wINsLow. LANIrR
CO, No. 81 wallst., New York. until TUESDAY, The
18th day Of Deceu Der next AZ O'Clock NJ foe tbs ,sr.
chase Of the COmpaay Bonds To amount ne, sreeeins
$2oo.ooo
The Bonds are in sums OF 90 each payable the s
February 1861 with interest at per cent. semi anRaa
on the hrst Gays Of February and August In the Gig
NewYork where the princiT al also payable. ~
are secured by first and only mortgage deed Of rusk
George Coe, ESQ., Of NewYcrk, IN trust for the bca<
holders.
The bonds are issued By authority Of act, Of the Lssss
tune ci Ohio giving special power to maks the bcus ssl
them by mortgage the Road. s frsncAlsss
and equipments and to sell the same. II need b. bsles
par making such sale 5 valid As II sold at par
The mortgage OF 500 900, Of whA tio-
900 have been Sold the remaining 100000 Creeping The
S2COOco now oered) will not be offered for sale ansa tie
spring and summer Of next year.
This debt made TO for the rails and sauS-
ments.
The mortgage covers the entire line Of road from C,svs-
land east Pennsylvania State line in the drsctos
ofEne distance of miles, known the Lake
Shore Road thirty miles OF which, from Cleveland to
Panesvlie. is completed and now in operation. The
due Of the Road to the Pennsylvania Stats line viii b
completed BY the LIST July. 1852
THIS company has the control Of the railroad asw
constructing from the Ohio and Pennsylvania State Line to
Erie distance OF twenty Eve and half mss. makips
In fact a continuation of the road. under manage
ment This part Of the line will be completed abss he
LIST July. lSs2
The residue of the Lake Shore Road lying bswess IRE
and Dunkirk and Buffalo will BE- completed BY the 18th
December next thus giving continuous line OF rawss
from the City of Nsw-York to Cincinnati by tbs let Of jay
next.
The estimated cost Of tn. Cleveland Panesils and Ash
tabula road working order. Including equpmeass sun
cept for tho entire line Ere 95 Near $10eW
ofStock has been already subscribed and $500 e An
been expended the road The Subscription list daily
being increased To provide tho remaining means "
plste the road. this loan is resorei to.
The mortgage empow the trustee, in Of failure u
pay either interest principal to take possession the
road and sell the highest bidder its franchises and
eouipmenss ON due notice and apply ae proceeds PEP
ment.
That this road will prove Of great usefulness and
prof will at once be seen BY reference map OF K line
and connections, being Important link IN the great chan
Of RaIlw avs from the City OF New York to Cincinnati and
the Southwest and also Chicago and Gaena, IN the aorA
west connecting on the with the Nsw-York and Ere
and Buffalo and Albany roads.
railway is also about TO be constructed from Enc.
way Of Sunbury. to Philadelphia.
The amount of business done by roads connecting WIN
il east aud generally known, that further mss-
tion need not be made Of 1t here.
Proposals may be addressed to wfnsiow. Lanisr O.,
No 81 wall-st Endorsed Proposals for Clevslsnl
Painesville and Ashtabuls Railroad Bonds"
The sale will be absolute and without reserve % pw
cent will be required to be paid when bids accepted
the residue in monthly payments Of IS cent each.
Accrued interest the bonds must be paid by the pa-
chaser No bill for less than 81 900 will he received
All necessary information IN relation TO the road or tbs
bonds with Of the road and ts connecsns.
may be had application 10 Messrs WINSLoW,
LANIER co at their Office or 10 the unierssnsds 81
he Irving House In this city.
BY order VI the Board Of Directors.
ALFRED KELLY, Pres,deat.
New York, Nov IS. 1881. nS tDH