New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-12

allowing exhibit the part Of said Company viii explain
,hs ehsrnersr of the security offered;
TIE Tosa Railroad Company extend. n5rth from the ch
hitumipous coal Blasbuig Toss County, saS
81 snia the New York State line, neu La~eneeyie
distance ofrwsny-sx niles and with
the Corning RAr.sd Of fourreea miles in length forming
sr he New YORK sod Erie and Bufao Coming and New
York RAosds and CbenuDs Csns The Corning Railroad
now being read with heavy rails sod has been leased
for period years the Tioga Railroad Company,
that the latter named COmpsuy will operate and WORK the
entire line Of Losa the coal mines sossbuIg and
Coming The aeh Of he Tiofa Railroad -d ~irb
fat bar rail ard its gne cost was shout eoo URfer
authority Of recent Of the Legislature Of PennsylEsn
bonds soch and slains have been consolidated IS ows
Preieuec dividend consolidated stock, $500 shares a
csnnop consolidated ;oci a shares. at
The Legislatur, has autnorze1 the State authorities
TO deliver Up for eance.lsti1n. stock Amounting to
ss To-, R.rosi Co b.t; made contract With
responsible parties for rssyng the track upon the New York
and Enc Of SIX feet and paciay thereon very supe
nor heavy iron rais Tn. rad me entire Peron OF
which guaranteed before tbs 18th Of Angus, next
will when finished eqca IN the permane1cy OF lbs struct
uIe, railroad IN the United ss'e For the purpose OF
meeting the expenses Of relying H. Esd and ia lrPnen
the Company have under The ample authority from the
Lsgserure Of Pennsy Issued sevenIer cent coupon
ter-sr in the city ofNewYok convertible nso sock and
secured BY morfEsge IN tst 70 Theodore Dehon, Alfred
Fraser and Watts Sherman, ESQ., OF the city OF New
York which mortgage Il the frs and only ben upon the road
is furniture and franchises Locomotive engines and
contracted for sufficient 70 transport me immense guam
Titles al lumber coal and miscellaneous ne yh which viii
pass the roads e. well as paasoses The eos which
Is Of The best quality and ineHhsnsibs IL now mined aad
delivered in Bossburg e. about scents per tun and
dur the PSI and presn year has comded three dol
lsr and City per COMING Nlth ample facilities
transport the and consumption OF n coal VIII De
Immensely increa,e ed and il confidently believed that
the demand viii only be limited by the capaiy the road
Aps from the couveya CO Of coal there very large To-
e husiness from timber lumber shingles coke iron, glass
and miscellaneous articles The are now over twenty
Millions Of feet oflunbe In ard near re hoe OF ,ad which
will be carried ready and COCO market when the tack
reaid Many who have heretofore n fed their lumber viii
avail themselves of the certain and d conveyance
rnnine Though section OF good pine timber lsad is now
beins constructed and will terminate at important point
COMPANY will thus be greatly Increased In the vicinity Of
BossbuT sA abundant deposits Of rou and FIRE clay OF
the best quality ere 81 and fine white sand for glass
works siO furnishing the best material for milstones
whetstones grndst and hearones for furnaces also
abound in the same neighbornood The valley through
which the road runs s net surpassed In the fertility OK s
soil yielding abundsnty superior wheat and all agncultu
rs products 10 the rich valley lands of uhwest-
New YORK The population OF the County OF Ioga mas
increased three fold silce this company Chartered the
local passenger travel consequently increased rapidly and
with sesdi, increasing through travel north and
the passenger business must Be large and profitable The
Co1pany have The most liberal aud ample covers granted TO
them by the Legislature Baneehs 10 mines and mills In
any direction authorized and viii be made whenever
such extensions will insure profitable return for the outlay
There several very important extensions authorized and
souemplated which, when made, Eil greatly aid 70 the
value OF the C0mpsnys property and earnings The road
heinz of the gauge the Newly and Erie Railroad
facilitates the uninterrupted Interchange OF produce at the
beast expense along the extended line OF country bordering
that great work The following estimate Of business over
the road for year after s completion, is made after
careful consideration of the elements OF revenue which sur
round IT, -
$4,000 ns al at 62l cents per tun, s......sS750
SIS 0OO coo feet Of lumber at 40 cents per
Passengers and miscellaneous freight .......a00
i2275O
Expenses say 50 per '75
Fsnstsd net earnings for the year ending Aug 1853 SIS
From which there 10 be deducted
For interest say per cent on $35OoOO $2L5Oo
For dividend on preferred stock ,..Su,fOO
Less amount assumed nd payable by
the State under her guaranty. .........TW
80 % 400