New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-15
IT, Lsssistur. has suthonred the State authorities
A .Ex.r M fnr canee Iation. st.ck Ar..untinE %

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70 deliver up for cancellation, stock amounting TO 80
soas .;;,,. ,o,,., .1 ,,. ,o:,.t viii
resropsbIe srss for reayins The track upon the
and Ee OF sx feet and placing thereon very suP
nor heavy ron si s we & ~ oan
will I'm shed, equal Ia the Pe-nsnency Of It's ssruct
ue any railroad 10 the United sse for tns poIpss o.
meeting The expenses Of relayng the rod and
the Company have under the mos, ample authority rom tas
Legislature Of Peunsylysn issued vsn per cent coupon
bonds TO Of $4,000 payable principal acc IN,
tsr~st In ire city ofNew-York convertible ato stock ard
secured BY mortgage in trust 60 Theodore penon Aned
fraser and Watts Sbsrmal Esqs OF the city OF New
YorE which oEAss the rs and oay lien upon the oad
il and franchises Locomotive engines sn9 es
are contracted for suheien. snspor. the nnetse quar-
titles al lumber coal aud miscellaneous tIexnt waa VIII
pas the rosds a. wei IS PASSENGERS Inc eoa nS
IL Of best quality. and inexhsusiOle IL now mined ara
delivered in cars BossbuTE about 50 cents per Tan and
dur the pas and present year has comm inded ta ao
of transport the sac consumption of this coal VIII be
immensely incfe0ed, and II q confidently oehesec ma
the demand VIII only be limited BY the capacity o. Ie roa
Apart from the conveyAIcs Of coal there very large 10
cal business from timber, lumber shingles COKE ZION gas
and miscellaneous articles The are now over twenty
millions Of ofUmber In and ne OF reao wnlcn
will be carried aresdy snc gooo market when the TACK
relsd Many who have heretofore rsfted their lumber VIII
avail themselves Of the certain and apid conveyance
BY zurosd PLANK road seventeen miles In et gin ana
running through section of good pine timber land no~
beog constructed and viii terminate AZ important point
Of the railroad the business and profitable revenue OF the
Company will thus be sesty decreased In the vicinity oil
he bs QUALITY ore st ne and sns white sand for glass
works furnishing the best material for milstones
vhetsones DIST and hearthstones Tor furnaces also
abound in the neighbornood. The valley through
which the osd IL surpassed IA the fertility OF It's
soil yielding sbuDdanty superior wheat and all sSrcutu-
raj products the rich valley lands OF southw
NewYork The population OF the County OF TloSs ms
increased reeod snce this company chartered the
local passenger travel consequently increased rapidly and
with steadily increasing through travel north aad souh,
the passenger business be large aud Probable The
Company have he liberal ana ample powers granted 10
them by the legislature Branoebs 10 mines and mills In
any direction authorized, and viii be made whenever
such extensions will insure profitable return fer the outlay
There several very important extensions authorized and
contemplated which, when made, will greatly add to the
value OF the Conpanys property and earnings Tue road
being Of the the New York and Erie halroad
facilitates the uninterrupted interchange Of produce AZ the
expense along the extended line of country bordering
on great work The following estimate Of over
the road for year after It's completion 10 made after
careful consideration OF the elements Of revenue which sur
round il ..
i50I 90 tuns cral at e2i cents per tun $50
IS 0QO OOO feet Of lumber at 40 cents per M..lt0oo
Passengers and miscellaneous reight
I2210
Expenses say 90 per cent SIS
Estimated net earnings for the year ending Aug 1855 6 SIS
From which there are TO be deducted -
For interest say per cent, on $S5O,s0O Ss450s
For dividend on preferred stock. .....$ll,4NO
Less amount assumed and payable by
the State under her guaranty. ........7,oO0 oo
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