New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-21
CALE nf S2h0. OOO SEVEN per CENT.


- FIRST MORTGAGE BONDS of the CHESTER
VALLEY RAILROAD CoMPANY; CoNt ERrlbL III
Chester Valley Railroad extends from irs intersection With
the Philadelphia and Nosown and the Reading Railroads
At valley Of CSe. go GOany miles to Downing
ton the Columbia Railroad distance OF 81 miles from
Philadelphia
Thousand Dollars actually expended its construction
under the of the "Nordsown sod Valley Railroad"
crisis of thai year compel I'd friends stop the snd
IN that situation the time alOwes by the charter Tor It's CON-
pleon expired Ia 1885, the Chester Valley Railroad Com
psny chartered providing for the consolidation Of the
debts and stock. of the old Company IN such proporoas
ton ofinlees represented by stock o6OOOeo free
such the confidence Of the the earnings
OF the Road that they obtained from the Legislature
authority issue 100000 Of twenty yea Seven per
into an EIGHT PER CENT PREFERRED sT0CK;
which stock Is PERPETUALLy entitled TO an eight per cent
dividend before the other stock shall receive any.
the othe Bonds and the interest there
the Corporation have issued Mortgage Of all their nights,
property and franchises acquired and be acquired TO sheP
herd Knapp Alfred c. ETszeT. and Daniel ). Miller OF the
city of New York Trustees all the ususl and proper
guam that the syss of the Bonds shah be expended
annually ard the principal at maturity IN the ey OF
New York the Coz pOraOn have contracted with Messrs
Strong Bradley OF Vermont for the entire completion OF
sao Road ready for the running OF by the first day
OF December next the contractors have entered on th
the non rails chairs spikes and e,' and having large
force every unfinished portion OF the pat hee
will be completed within the specified time
That the Chester Valley Railroad not only to De good
security the Bonds issued but 20 be good invest
me nj foT the stockholders careful Investigation OF is
merits will satisfy every candid person. IL most tally and
Comfy and the largest part OF County OF the
richest and NEST productive mineral sud aRncula regions
OF Pensy lvsna with marketing faculties and VIII enect
male that beautiful valley one sntre market 'oi to
1000 inhabitants of Phi adelphia Chester Comfy contains
sss,sd value Of so 600 oo or nearly an average per
acre and $500 for each SOUL for the entire counY The
average value Of the lands the ne OF the koad not les
than xlO0 al acre ., q,
Its mDeIa resources scarcely second its agricultural
wealth The Of the Road sbOund IN quafne, OF mar
bic and limestone and in bees Of iron Much OF the
bic used the consi uction Of the Girad College Cn
Bank and other public buildings OF tho city, was
ouaIred the line Of this Road and II believed that the
comp, ton OF the Road will greatly the demand or
these marbles for architectural purposes as It VIII make
them the they are no~ admitted 10 De ne pest
and most beautiful of building guantty Of
anthracite coal is consumed along the line OF tins Road
and upon the COLUMBIA Road ana In the vaSey the bran
divine for manufacturing purposes burning lime, and do
nestle which Is now either hauled IN wagons across
hom the Schuyk Naey or brought around by the Read
ms and Columbia Railroad through the City Of Phsdel
phia additional distance OF IS miles This article must
Immediately its completion pass over the Chester Ntey
Railroad much reduced charges and In greatly eaed
quantities and 1t is estimated that It Will A0an In the
6Ist year to lO00 0 tuns
must become important avenue for the immense business
which is to over the Pennsy lyanA Central and me
"San.ury and Erie" Railroad the former running through
Pittsburgh and Wheeling aud extending ward by yaous
routes TO Cincinnati and ST. Louis aad the other striking
Z
York City than by way Of the Erie Rsiro.d.
Although the Central Road yet incomplete such was the
pIess OF business upon during the present spring that e
Company compelled 10 refuse large amount OF esh
Offering When all it, connections shall BE- completed the
eisht and navel West WI be fully equal to the csPseIy
both the Columba and Chester Valley Roads The Ch-s
ter Valley with the Philadelphia snd Norris
town and the Readin, Roaas will become much the most
convenient into and outlet from the city, a. owe
these Roads the locomotive ~ the Delaware River aud
to the Camden and Amboy Ra'lr ad
The importance of having outlets from the city for the
fFaQe.
ruprion resulting from too great an sscgnia9n o. s3
was Tor tins reason the Legislature reserved the char
ter tho night purchase the Road 1.-THE Columbia Road
Ross with ssSt Per cent Interest upon such sum
The amount OF freight and travel TO and om me ISL
ana Erie Railroad To all this business the Chester Valley
Road form the proper oset a II has more convent
entrance into the city ana the ver route nom ~nng
Philadelphia follows the natural route Tor rail-
road avoids the heavy grades which have proved soe
obstacles the business Of the Coluuha Railroad
Another very important in favor OF the Chester alley
Railroad is that this merchandise from New ork aud
the North Philadelphia to be transported over the
Ceru Road be nre ard1d without the cost aud ncon
venience Of olayage through the city The
Central Road must Be extensively used BY the city OF
Newly Of It's avenues 10 the West as VIII Be
the shortest ard consequently the cheapest The Chester
Valley Railroad VIII otter Just the facilities necessary Tor
Aver careful estimate made BY those most acquainted
with the local business Of Chester Valley and which Is be-
huvsd be perfectly reliable makes an aggregate m
Of ......s..sss..'' Sl-
Deduct a. per cent OF above for exPenses..... 410V
Leave, net income of..........s72S50
7per cent interest Bonds $50, eO)
1.,vi,, as, $50
which is sufficient 70 pay per cent dividends uPon the
capital stock, (StoO,0o)
This based upon the local business alone
When TO IL u added proper proportion OF the se. OF
Western uahe-aresdy immense, and ansmentIg daily
this road gives the Stockholders Of large dv
oends
Full authority is gwen issue these bonds and 70 make
them convertible into the cent preteed stock and %
mortgage 70 secure them thai the security IN a.
respects legal will BE- BY reference 70 the opinion
OF Messn- Nm- A. Porter and Wm Rawle, vel-known
lawyers Of Philadelphia
By reference previsus statement IL will that
aproperty costing ecu Is mo-tgssed for $Soeoo and
thai the estimated earnnE pat Al S2So amoEnt
largely exceeding tbs pei eeet nsrs on me oosds agreed
70 be issued. VIM. l. AOhlAlS, PEesdenk
Philadelphia, May ~ 1852
References to these bonds Be made 70 shepherd
Knapp Alfred 5. Fraser or Daniel s Miller, Nev-fork
$50 Of the Bonds have been sold tos The Iron on of-
esn account and for Investment -
Sealed proposals for the remaining 3@o0 600 VIII Dc re-
ceivsd al the Office Of J A UNDERWOOD son, No. =
Merchants Exchange, anti o'clock, on the S2 day q
Jane, int
Payment Will Ne required 20 per cent notice OF &C,
cep,anee Of the bid 80 per TIE 18th OF Juy AID
the balance the 18TH Of August tu payment nav %
made Accrued interest 70 the day OF sAle VII oe
svsn the purchaser Bidders invited % BE present.
tie opepius OF the bids J,A.CNpEkWOOpk SON.