New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-28
Enanfiai.
&D0O suM G L e ' Z L A n D,
" ~OOsOOO GAINESVILLE and ASHfA-


GCOA suN G l. e ' K l. 4 \ d,
y ~OV.OOO GAINESVILLE and AsHrA.
BULA RAILROAD SEVEN PER CENT. MORTGAGE
BONDSSealed Proposals will be received At the Office Of
the Companys Agents, Messrs. wINSLOW, LANfER b
CO, No. 50 Wall-st, New York. until TUESDAY the
10th DAY OF December next at o'clock NJ for the par
chase of the Company Bonds 70 amount not exceeding
Saee,eoO.
The Bonds are in sums of 81 900 each pay able
February 1861 with interest per cent semi annually
90 the first Of February and August in the City
NewYoIk where the prncI al sum also payable, and
are secured by first and only mortgage deed OF trust to
George Cos, Esq., Of Newly in trust for the bond
holders.
The bonds are issued by authority of acts the Legs
ture of Ohio giving special power to make the bonds and
them by mortgage the Road, ITS franchises
and equipments and to sell the if need be. below
par making such sale valid as If sold at par
The mortgage issue of x700 900, OF which $780,
900 sold the remaining 100000 excepting the
S2c0 oered will not be offered for sale until the
spring and summer Of next year.
This debt is made pay for the rails and equip
ments.
The mortgage covers the entire line OF road from Cieve-
land east TO the Pennsylvania State line in the direction
ofEre distance miles known the Lake
Shore Road. thirty miles OF which, from Cleveland 10
gainesville completed and now in operation The resi-
due Of the Road to the Pennsylvania State line will be
completed by the LIST July, 1852
THIS company has the control of the railroad now
constructing from the Ohio and State Line to
Enc distance Of twenty five and half Mules making
in fact Of the road under one manage
maus This part of the line will be completed about the
LIST July. 1872
The residue Of the Lake Shore Road lying between Erie
and Dunkirk and Buffalo Will he completed by the 18th OF
December next thus giving continuous line OF railway
nom the City Of NcwYorkto Cincinnati by the LIST July
next
The estimated cost of the Cleveland Panese and Ash
tabua road working order. Icuding equipments sud-
eient for the entire line to Erie, s35l93 Near s7oOoos
of Stock already subscribed and S500O00 has
been expended the road The subscription list daily
beng increased To provide the remaining means TO com
plste the road this loan is resored to.
The mortgage empowers the trustee in OF failure, "
pay either interest principal, to take possession Of the
road and sell to the highest bidder its franchises and
equipments due notice and apply the proceeds in pay
ment.
Ths, this road will prove one Of great usefulness and
nrot will at once by reference t. of its line
and being important link in the great chain
ef Raw az from the City of NewYor TO Cincinnati and
the Southwest and also Chicago and Gslena IN the north
west connecting the east with the Newfork and Ere
and Buffalo and Albany roads.
railway is also about to be constructed from Erie by
way ofSunbuIy. 10 Philadelphia
The amount of done by roads connecting with
1t east and generally known that further men,
ton need not be made of II here
PROPOSALS may be addressed to Winslow, Laner Co,
M p Wau-st indorsed Proposals for Cleveland
paine,yille and Ashtsbula Railroad Bonds"
The sale will be absolute and without reserve 2per
cent will be required 10 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 pun
chaser No bill for less han ; COO viii be received
AuuecesaIy information relation 10 the road or the
bonds map Of The road and its connections
nav be had on apple alton TO Messrs. WlNsLOW,
LANIER co a. their Office or TO the undersigned, at
the living House, in tins city.
BY order Of the Board Of Directors,
ALFRED KELLY, President
New-York, Nov Is, 1881. ms tDlo