New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-26
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$500. 900 p = Il s. z al and Il Asa4 "a
BULA RAILROAD SEVEN PER CENT MORTGAGE
BoNDsSeasd Proposals will be received at the ece OF
the Companys Agents, Messrs. WINSLOW, LAEIER x
co, No - Wallst., New York. until tuesday,, the
10Th day Of December next at o'clock NJ for the par
chase of the Company Bonds amount not exceeding
S2CO00C
Tie Bonds arc OF 81 GOO each payable the LIST of
February 1861 with interest at per cent semi annually
on the first days Of February and August tho City Of
Eew-York where the PRINCIPAL sum is also payable, and
are secured BY first and only mortgage deed Of trust to
George S Coe, ESD Of New York IN trust for the bond
holders.
The bonds issued by authority Of OF the Legisa
tuIe OF Ohio giving special power to make the bonds and
to them by mortgage the Road, its franchises
and equipments, and 70 sell the same, II need be- below
par making such sale valid as if sold at par.
The mortgage sspe Of s70O co., of which $780,
GOO have been sold the remaining 100000 (eXcepng the
S20 coo oered) will he offered for sale until the
spring and summer Of neat year.
This debt made to pay for the rails and equip
ments.
The mortgage the entire line Of road from Cievc-
land east to the PsnnsyVa State line in the direction
ofEne distance ofseyentyone miles known as the Lake
Shore Road. thirty miles Of which, from Cleveland to
Panesylle is completed and in operation The resi-
due OF the Road to the Pennslgsna State line will be
completed By the LIST July, 1852
constructing from tn. Ohio and Pennsylvania State Lse
Erie distance Of twenty Eve and half miles making %
fact continuation OF the same road under manage
ment This part the line Will be pleed about the
LIST July. l9.2.
The residue of the Lake Shore Road lying between Ere
and Dobkrk and Buffalo will be completed by the 18th
December next, thus giving connu Gus line Of railway
from the City Of NewYot 10 Cincinnati by the st Of July
next.
The estimated cost Of the Cleveland Panesye and Ash
tsbala road, working order including equipments sud-
for the entire ne to Enc 93 Near S700 900
Of Stock has been already subscribed and $500
been expended on the road The subscription list daily
being increased provide the aiming 70 com
plsts the road this loan is resorted to
The mortgage smpower the trustee case OF failure
pay either interest prncpA to take possession Of the
road and sell It to the highest bidder franchises and
equipments due notice and apply the proceeds pay
msnt.
Thai tbs road viii prove Of great usefulness and
profit viii at once be by reference map OF rs line
and CONNECTIONS being Aposni link the great chain
Of Rsiw ays from the City OF New York Cincinnati and
the Southwest, and aso Chicago and GAlsna the north
west connecting or the east with tic NewYork and Erie,
and Buffalo aud Abasy roads
railway also abou, be constructed rom Erie by
way ofSunbuIy 10 Philadelphia.
The of business done By roads connecting with
It aud ger orally knon tnat further men
ton need not be made Of It here
Proposals may be addressed to winslow, Laaier Co,
No 90 Wall-st.. Endorsed Proposals for Cleveland
PaiHesyille and Ashialula Railroad Bonds
The sale Will be absolute ard without q .r
cent. Will be required to be paid when bds
the residue IN monthly payments Of IS per each
Accrued interest the bonds paid by the por-
chaser No bill for ess than 81 goo Will be rsessved
AL necessary information in relation the road or the
soais, together with nap Of the road auI its connecoa.
may be had on application 10 Mesgs. WlNSLOW,
LANIER co at their Office, or the uDdeFsgaed, a,
the Irving House in this city
By order Of the Board Of Directors
ALFRED KELLY. President
Ne~-Yofk, Nov Is, 1851. n25 ,Di6