New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-09
financial.
$2OO.OOO p q 4 81 Z a. md a A y "a.

W ~OOsOOO PAlNESNlLLk and ANITA
BULA RAILROAD SEVEN PER CENrlMoRrGAGE
BONDSsealed Proposals will BE- received at the acs et
the Comparys Agents. Messrs. wINsLow. LANIER
co, No. 81 Wall-st., New York until TUESDAY, the
10th day OF December next at O'Clock 81, for the par
chase of the Companys Bonds amount not exceeding
$4,000.
The Bonds are in sums of 81 900 each, payable The s
February le6 with interest at per cent semi annually
o, the frst days Of February and August In the CITY Of
New-York where the PRINCIPAL sum Is also paTsble and
are secured by first and only mortgage deed OF trust
ceorge Coe ESD Of New-York in trust for the bod
holders
The bonds are issued by authority Of acts OF the Lea
OF Ohio giving special power TO make the bonds aud
to secure them by mortgage the Road. its franchises
and equipments, and to sell the same If need BE- below
par making such sale as valid as II sold at par
The mortgage issue of $1O000o OF which S-
600 have been sod the remaining 100000 (ercspsns the
s2o0 900 now oered will not be offered for sale unta he
spring and summer of next year
Tins debt 10 made to pay Tor the rsn rails and sasD-
ments.
The mortgage covers the entire line Of road from csvs
land east the Pennsylvania State line IN the drecea
ofEre distance seventy one miles, known s tho LAKE
Shore Road, thirty miles Of which, from Cleveland 70
Panesville is completed and in operation The esi-
due of the Road to the Pennslvania State limo VAL %
completed by tho LIST July, 1889
This company has the control Of tbs railroad
constructing from the Ohio and State Line to
Erie distance of twenty FIVE and half miles, making
In fact continuation Of the road, under
menf This part of the line will be completed about The
LIST July, 1889.
The residue Of the Lake Shore Road lying between Erie
and Dunkirk and Buffalo will be completed by the 18th Of
December next thus giving continuous line Of railway
from the City Of NewYoTk Cincinnati BY tbs s of july
The estimated cost OF the Cleveland Pa;nese and Ash.
,abula road. working order including equipments sum
Gent for the entire line to Erie, is 81 s3 Nsr S7oo
Of Stock has been already subscribed and hes
been expended the road The subscription list is daily
being increased To provide the remaining means 70 com
psts the road this loan is resorted to.
The mortgage empowers tho trustee In Of failure, 10
pay either interest principal to take possession Of the
road and sell it to the highest bidder its franchises snd
equipments due notice and apply the proceeds In pay
ment.
That this road will prove one Of great usefulness and
profit will a. be b. reference to map OF ns line
and ections being important link IN the great ohaa
Of Railways from the City Of New York TO Cincinnati and
the Southwest and also Chicago ard Gsena IN the north
west connecting the east with the New-fOIA aud ETC.,
and Buffalo and Albany roads
Ar.lvay i, also about 10 BE- constructed from Ere.
way ofSunbury. to Philadelphia.
The amount of business done by roads connecting WIN
it cas-! aad west generally known that further m'A-
ton need not be made Of 1t here
Proposals may be addressed to Wnslow, Lanier Co.
No. So Wall-s,., Endorsed Proposals for Cie'sihse'
Painesyile and Ashtabula Railroad Bonds"
The saIe will DO absolute and without reserve % per
cent will be require ed be paid when bids are accepted
the residue in nsshly payments Of IS per cent eics
Accrued interest the bonds must be paid By the paf
chaser No bill for less than 81, 900 will be received
All necessary information in relation to the road OF shs
had. togehsr with IL ay the road sad Us connec,oss
an bs had ON application TO MsssTs. WiSSLOW,
aNiER co AZ their Office or 70 the unjersisnsd. at
he living House, IN this city.
Nv order Of the Board 81 Directors, -
New-York Nov. Is, 1851 n@ Ids