New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-15
financial.

$2OO.UOO p 9 Ii E y Z a. and a AsaT 2
BULA RAILROAD SEVEN PER CENT MORTGAGE
BONDS-Sealed Proposals will be received at the office OF
the Company's Agents, Messrs wINSLOw, LANIER Z
CO, No. 50 wall-st., New York. until TUESDAY, the
10th day Of Dscen next O'Clock fof the par-
chase of the COmpsny Bonds to an amount net exceeding
100000.
The Bonds are in sums Of 900 each payable the LIST Of
February 1851 with interest at per CENT semi annually,
ON the first days of February and August In the CIV OF
York where the princ al sum 10 also payable and
are secured first and only mortgage or deed OF trust 10
George g. Coo ESQ., Of New York in trust for the bond
holders.
tn. bonds are issued by authority OF acts OF the Lega
Of Ohio giving special power TO 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 valid A. II sold at par.
The Issue Of $7oooco Of which $780,
900 have been Sold the remaining 10000 (sIcspns the
S2Co 900 now osred) will be offered for sale until the
spring and summer OF nsIt year.
This debt is made pay for the rsn rails and squis
ments.
The mortgage covers the entire line Of road from Clsvs
land ths Pennsylvania State line Ia che direction
Erie distance ofseven.y miles, known the Lake
Shore Road. thirty miles Of which, from Cleveland 70
Panesvlie is completed and in operation The resi-
due Of the Road the Psnnsyivana State hns will be
completed BY the LIST July, 1859
THIS company has the control Of the railroad now
constructing nom the Ohio and Pennsyvania State Line
Enc distance Of twenty five and half miles, making 10
in fact continuation Of the road. under manage
meut This part Of the lins will be completed about The
ist July, lsa
The residue Of the Lake Shore Road. lying between Ere
and Dunkrk and Buffalo will bs completed by the 18th Of
December nett, thus giving continuous line Of railway
from the City NewYo TO Cincinnati BY the st Of July
next.
IL. "a cst NJ and Ass
tabula road IN working ordsr including equipments sun
Gent for the entire line Ere sl3 Near $7oo 900
Stock been already subscribed and $500 900
been expended the road. The subscription List daily
being increased To provide the remaining
plsts the road, this loan Is resorted 20.
The mortgage empowers the trustee, in Of a1re to
pay either principal to take possession Of the
road and sell the highest bidder It's franchises and
equipments due notice and apply the proceeds in pay
ment.
That this road Will prove Of great usefulness and
profit viii at be seen by reference map Of Is line
and connections being important link the great chain
Of from the City Of New York to Cincinnati and
the Southwest and also Chicago and Gaena, in the north
west connecting on the with the NswYork and Erie,
and Buffalo and Albany roads.
railway also about 10 be constructed from Enc By
way ofSunbury, to Philadelphia
The of business done BY roads connecting VIA
il east and west generally known that farthsr men
ton need not be made OF Il here.
Proposals may be addressed to winsow. Lanis< o..
No g WAn-ss., Endorsed Proposals. for Cleveland
Psinetville and Ashtsbula Railroad Bonds"
The sale Will he absolute and without ~ pei
will be required to be paid when bids accepted
the residue In monthly payments Of Is per cent each
Accrued interest the bonds be paid BY the pur
chaser No bill for less than 81 ,oos viii be rsceved
An necessary information relation 10 the road or tn
bonds together with Of the road sad is
may be had application to Messn. wINSLow
LANIER CO. At their Office or to the sAdsrsisnsd d
he Irving House, in tn. city.
By order Of the Board Of Directors.
ALFRED KELLY. President
Eew-York, Nov Is, 1881. Mo tDls