New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-22

Total. 1884, 900
The above 800 600 includes $2dCOO given by the Com
Certificates which latter remain assets of the New-York
and Harlem Railroad Co
As frat lien upon important regular dividend-payng
road, connecting Albany with NewYork and in view
of its present and prospective increase of business these
Bonds offer advantageous and perfectly secure mode oil
The interest on the Bonds secured be paid before any
dividend be declared upon either the Preferred or Old
'' BL&T SCf S RAfNsFoRD No SO wiIH.m-st
GALE of S25O,OOO SEVEN per CENT.
VALLEY RAILROAD COMPANY, CONVERTIBLE
ill 1862 into an 9 per Cent PREFERRED STOCK The
Chester Valley Railroad extends from its intersection with
the Philadelphia and Nostown and the Reading Railroads
at Nonisown, "a miles from PhiladePhs) through the
"Great Valley" Of Chester County Y miles TO Downing
ton the Columbia Railroad distance OF 81 miles from
Philadelphia
This Railroad was In 1887 and Eight Hundred
Thousand Dollars actually expended its construction,
under the of the Nor istown add Valley Railroad"
but having enough complete it. tbs monetary
crisis of year compel ed friends stop the work. aud
In that situation the time allowed by the charter for its
pletion expired In 1885, the Chester Valley Railroad Com
psny chartered providing for the consolidation Of the
debts and stocks of the old Company In such proportions
that hat actually cost more than $3.50 goo without the addi
from all membranes
Such the confidence Of the Stockholders 10 the earnings
of the Road that they have obtained from the Legislature
the authority to issue 100000 Of twenty years Seven per
cent Mogsee Bonds which are convertible At any time
into an EIGHT PER CENT PREFERRED STOCK;
which stock Is PERPETUALLY entitled 10 eight per cent.
dividend before the other stock shall receive any,
To the payment ohe Bonds and the interest there
on the Corpo have issued Mortgage Of all their rights
property and franchises acquired and 70 be acquired TO shep
herd Knapp Alfred c. Frazer and Daaie Miller Of the
city Of New York Trustees with ell the usua and proper
that the svS Of the Bonds shall be expended
In the completion Of the Road The interest u payable
semannualy and the principal at maturity IN the ciy OF
NewY the Corporation have contracted with Messrs
Strong Bradley Of Vermont for the entire completion OF
said Road ready for the running OF the BY the first day
Of December next the contractors have entered the
vigorous prosecution of their work they have purchased
.A.tx. koaa ftas katfR
force Of men every unfinished portion Of the R0at there
is no doubt the character the work to be done thatt
Chester Valley Raifosd i not only to be good
security the Bonds be issued but be good invest
ent for the stockholder careful investigation of its
merits win satisfy sysry candid Rs,oq 81 %Sit ,a,y spa
County and the part Of Chester County tone OF the
and productive mineral aud agricultural regions
of Pennsyvania with marketing facilities and will IN effect
MAKE that beautiful valley entire market garden Tor the
1000 inhabitants of Phi adepha Chester County contains
a population Of $1,000; of 600 acres with
assessed value Geo. neary average of per
acre and $3.50 for each SOUL for the entire county Tue
average value OF the lands the line OF the Road Is mol les
than 500 an acre.
It's mineral resources scarcely second It's agricultural
wealth THE route OF the Road abounds quarie
bic and limestone and in beds Of iron Much Of the
marble used in the uction Of the Gard College Uni
ted Bank and other public buildings Of the city,
quarred on the line of this Road and il is believed that the
compe OF the Road will greatly increase the demand for
these marbles for architectural purposes as 1t wu make
them the cheapest they admitted TO DO the best
and beautiful Of building large quantity OF
anthracite coal consumed along the line OF tins Road,
DIVINE, for manufacturing purposes burning hms and do
nestle which is either hauled In wagons across
o the Schuykil Valley, brodght around by Che Read
ing and Columbia Railroad through the City Of Philadel
phia additional distance OF 50 miles, This article must
Immediately its completion pass the Chester alley
Railroad much reduced charges and In greatly lnceased
quantities and II Is estimated that 1t VIII anoant In the
In addition to all the local business Of the route the Road
must become important for the immense business
which is to pas over the Centa , saa ,S
Pittsburgh and Wheeling and extending onward oy various
routes 10 Cincinnati and St. Louis AID the other striking
Lake Erie the Of Erie At less distance from New
York City than bv way of tho Erie Railroad
Although the Central Road yet incomplete such was the
press business upon during the present spring that tie
COMPANY was compelled to refuse large Of eight
offering When all is connections shall be completed the
ss6 and md oS M'st S 9gf SsP cSs
ter Valley in connection with the Philadelphia end Norris
town and the Reading Roads will become much the most
convenient entrance and outlet from the CITY, ov,r
these Roads the locomotive to the Delaware River aud
10 the Camden and Amboy Railr ad ,
The mporance Of having two outlets from the CITY or tue
enormous Western trace avoid he confusion aud iuer
rupton resulting from TOO great an accumulation OF eignt
and passengers al one depot wl De readily 81 h
was Tor this that the Legislature reserved "a the Sus
ter the risht 10 purchase the Road 1.-THE Columbia Road
being State work. upon the payment Of the cost Oh tS
Road with eight cent interest upon such sum ~
The amount Of freight and travel TO and fo the est
wifi be vastly increased by the construction OF the
and Erie Railroad To all this business the Chester Nsey
Road must form the proper outlet 1t has more convent
en entrance into the city, ana the rver route from o~u7
town TO Philadelphia follows the natural route Tor rail-
oad and avoids the heavy grades which have proved such
serious Obstacles the business OF the Columbia
Apotber very important sct favor OF the Chester alley
RAoed ia that over this merchandise from New York and
the North sent Philadelphia 10 be anspoIeo oyer e
Genital Road can be foEw arded without tne e9I ana O
yenispce of drayRge through the city The fennsJ ana
Central Road must be very extensively used by the city OF
New York Of Its avenues 70 the Nes~ as Mi &c
the shortest the cheapest fhe CheseI
Valley Railroad Will offer just the facilities necessary Tor
this trade. -, 49,. 49,. ,.,,,i,tsd
with tbe Local business of Chester Valley and which Is be-
Reved to be perfectly RELIABLE makes an aggregate anua