New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-12
financial.
&CO0 OOM C LEV F. l. A N ID,
q ZOO.O(VO PAINESYILLE and AsHrA.

100000 p G L E y Z Il Ind 4 A n "a,
BULA RAILROAD SEVEN PER CENT MORTGAGE
BONDSSesed Proposals will he received at the office Of
the Companys Agents, Messrs. wINSLOw. LANlER
Co, No. 50 whLst., New York until TUESDAY. the
10Th day of Decem Der next O'Clock M for the par
Chase of the Compsnys Bonds 10 m amount not exceeding
s2oo.O0e.
The Bonds are In sums Of 81 900 each payable the LIST Of
February 1861, with per cent semi annually.
on the first days Of February and August the City OF
Nsw-York where the princiT al aso payable. and
are secured by first and only mortgage deed OF trust to
George Coe, Esq, of NewYork IN trust for sae bond
holders.
The bonds issued By authority OF acts Of the Legsia
tuTe 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 as valid if sold at par.
The mortgage covers Of 500 0O0 of which $780,
900 been sold the remaining 100000 excepting the
s2oO OCo now oered) will be offered for sale until the
spring and summer OF next year.
This debt made pay for the rsn rails and equip
ments.
The mortgage covers the entire line of road from Cleve-
land east TO Pennsylvania State line, In the direction
of Ere distance of seventy miles known the Lake
Shore Road, thirty miles of which. from Cleveland to
Panesvlle is pleted and now in operation The resi-
due of tbs Road to the Pennsylvania State line will be
completed by the lst July, 1852
This company now has the control Of the railroad
constructing the Ohio and Pennsylvania State Lios to
Erie distance Of twenty ve and half miles, making It
in fact of the road under manage
men This part Of the line will be completed about the
LIST July, 1851
The residue of the Lake Shore Road lying between Erie
and Dupkrk and Buffalo will be completed by the 18th Of
December next thus giving continuous line Of railway
from the City of NewYcrk to Cincinnati by the st July
The estimated cost the Cleveland Panesve and Ash
tabua road In working order including equipments sun
Gent the entire line to Erie 81 35l93 Near 100000
of Stock already subscribed and $500 900 has
been expended the road The subscription list daily
being increased To provide the remaining means to
plste the road. this loan is resorted to-
The mortgage empowers the trustee in OF failure TO
pay either interest principal TO take possession Of tho
road and sell the highest bidder its franchises and
eoupmeas on due notice and apply the proceeds pay
ment.
That this road will prove Of great usefulness and
profit will at be by reference to map Of its line
and connections being Important link in tho great chain
Of Raiw avs from the City of NewYork to Cincinnati and
the and also Chicago and Gsena IN the north
west connecting the east with the NewYok and Erie,
and Buffalo and Albany roads.
railway is also about be constructed from Erie, ~
way ofSunbuIy. to Philadelphia.
The amount of business done by roads connecting with
east and generally known, that further men
ton need not be made Of 1t here.
PROPOSALS may be addressed TO Winslow, Lsnier Co.
No % wall-st., Endorsed Proposals for Cleveland,
Psneave and Ashtabula Railroad Bonds"
The sale Will lie absolute aud without - per
cent will be required to be paid when bids accepted
the residue monthly payments Of Is per cent. each
Accrued interest on the bonds be paid by the pur
chaser LiIl fri g.. WILL be received
All information in relation 20 the road the
ads heT with of ths road and
may be had on Application TO Messrs. WlNSLOW,
LANIER CO at their Office or TO the Undersigned,
he Irving House, in this city.
By order Of the Board Of Directors,
ALFRED KELLY President.
New-YoIk. Nov Is, 1851 MO tDlS