New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-01
Sale Of Seven Per Cent, Pi Mortgage Convertible Bends
Of the
JUNCTION RAILROAD, in OHIO


a This Company offer for sale FOUR HUNDRED AND
FIFTY THOUSAND DOLLARS SEVEN PER CENT
FIRST MORTGAGE BONDS, due lst Of April, 1867 with
Interest Coupons attached due April and October principal
and interest payable NewYork and convertible ato Stock
81 any tine before maturity Of the Bonds
the Lshe thore closely through ssndssky 20 Port Cn
tonvhence it VIII connect with the Southern Mishissn
eT ~ iie. coaas, 20 Ii. west line Of oo
toward Fort Wsyneihe whole distance Of tn, r0sd with
branches w be 90 miles The distance from Toledo to
Dunkirs jy This road Is the shortest possible. ,
For the parpose Of construction the road has ben divided
into three sections The first extends from Cleveland -
miles 10 pont little Of ssndgsty; the second So
miles in epsth will reach beyond the MANN RIVER the
remainder Of the line constitutes the MTG sec.on a
country and very level surface following the Lake
shore nearly possible This BY far the most e1Pen
ave part the road By Of crossing he streams
The engineers estimate Of costs is Sl4 600 per mile the
whole under contract at prices within the estimates the ron
purchsed-par Of the road ready for supersueure
expected to open this section Of the road not later than the
ft Of January Il viii at into use rs an ex
tension Of the Mad River and Lake Erie Railroad TO Ceve
land that Company having agreed to provide the Necessary
machibeIy The estimated coat Of the Eastern section
Stock subscribed and paid in...............$S@5cS
Stock paid to contractors. ..............'.. iVUeov
Bonds now issuing <c,s eoo
These $4,000 Bonds now offered for sale sscured
BY st and only mortgage on the first section OF tn9
tees of this mortgage are GEORGE s. COE, DANIEL s.
MILLER, Of New York and EBENEhER LANE. OF San
The second section, fny.three mies viii extend from
sandusky TO point little beyond the Maumes River and
will include the stations at Toledo and Maumee THIS part
of the line is nearly dead level The engineers estimate
Of this section of 50 miles is - 592 per mile The suoscnp
tons applicable this division exceed sl75oOO and more
are expected An offer has been resolved from responsie
contractor execute this work and receive payment from
within the power of the Company; the accep-
lance Of this offer Is suspended In the hope that better terms
can be Obtsised -
The Wes.ern OF third section including branch in VIII.
ans County riney miles in length. No survey has been
made but, from Sufficient examnsons the engineer estl
that the entire cost OF division, except On VIII
not exceed 5000 per mile subscription Of 100000 has
sres6 been obtained and larger additional SUN IS coni'
IDENTIFY expected.
tended and form into continuous line the te-
mating stations Of different railways v1z-Three AZ 20
luubus 1.-THE Cleveland Pansv1e and fabIla Railroad
COMPANY the Cleveland and Pittsburgh Railroad Company,
and the Cleveland Columbus aud Cincinnati Railroad Com
psny.) two a. Sandusky tbe Mad River and Lake Eue
RsIosd Company. and the Mansfield aud Ssndusky City
Railroad Company aud one at Toledo 1.-THE Southern Mchi-
gan Railroad Company
railroad connecting the principal stations Of so many i'm
portaut routes and forming necessary link OF the great
channel Of communication between the East and w est
would TO leave room to dstrust the productive
character of the stock Besides large local traffic 1t viii
euoy the immense travel and freight passing from Newly
the Enc RarCa TO Dunkrk Enc Cleveland 20 Toledo
Indiana Railroad 10 Chicago Some the probable
value of this series OF Railways may be formed from the fact
that the stock Of the half finished road between Cleveland
and Ere is already above par and that OF the Southern
Michigan Is daily selling from llS 10 ll9.
Sealed proposals for any amount OF these Bonds not i
than slo00 will be received until SATURDAY. the mn
day Of June at o'clock p NJ Proposals TO be directed TO
Messrs DE- LAUNAY, ISELlN CLARKE No. 81 w all
ts and indorsed Proposals for Junction Railroad Bonda
c.ptps the bd-he remainder equal monthly instruments
Of twenty per each The takers Of the Bond to be at
liberty pay any time In full Interest on the Bonds TO
The above $lOIOO Bonds will be sold absolutely to the
hiyhest bidder ..,.,;u.
10 these securities can be had by application 10
DE LAUNAY, IsELIN CLARKE, No. % Wall ST.