New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-17
s. DRAPER, Auctoneer
nEREMPTORY SALE Of f l r 5 ID

MORTGAGE BONDS Of the BUFFALO, CORN
win offer for sale through SIMEON DRAPER, the l3th
day OF May next II O'clock the Merchants Exchange,
in the City Of NewYok, $500 ooe of their frst Mortgage
Bonds payable in 1867, with per cent interest pay able
emi-annualy, the Bank of Commerce in NewYork"
These Bonds part of one million authorized to be 10
sued for the purpose Of completing their road and are 80
cured by first mortgage the entire road and its fran.
chises BY deed Of trust TO John A. stevens James
vertbe into the stock of the Company par any time
within five years from their date.
The road extends from Corning on the New-York Enc
Railroad, the City of Buffalo, distance of lSi sloo
miles and will when completed FORM in connection with
the New-York Enc railroad one OF the most important
and direct hooughfaTes between the Cities OF New-rois
and Buffalo and the Far West and viii connect al Corns
with the Corning Bosbnrgh Railroad being relaid
with rail which extends TO the rich iron coal and lumber
regions of Pennsy vania
On divergins from the NewYork L Erie Railroad, this
road passes the oh and fertile valley Of the Conhocton
River the aOrtherly line Of Steuben
County, distance of about fory6ve mespassing through
the village Of CoOpes Plains, Campbell, Savona, Bath,
Kennedyvile. Avoca Liberty Corners CONNECTION and Way
land. thence through SprngwateI Conesus vonia Avon
Livingston County and through lie Roy aud Stafford Bs
tavia III Genesee County This part OF the line for nearly
its whole length through Of the richest and most
productive portions OF our State.
From Batavia the line Of the road passes westerly In
yearly straight line to the City OF Buffalo.
The running 70 miles OF the road wes
from Corning and expected to have the rails laid by the
3oh inst for twenty miles further, when the cars viii run
IS miles The road Is under contract TO batavia and IL
designed that the cars Will be running over the whole ROAD
Ia all OF the present year 1000.
be issued and the balance consecutive portions OF the
noad .ae completed When the whole Of said Bonds shsi
be issued the amount of ncumbance sad road viii be
something less than $500 per mile The amount OF the
first issue S0GOO0 viii constitute ncumbrsnce equal 70
S. $50 per mile upon the miles of the road which
nearly completed being less than the value OF the
iron and laud.
BY this arrangement it Is believed that the bondholdeu
will be made beyond possibility Of doubt the prop
ey Of the Company being at all times amply sufficient To
indemnify them against any loss.
SALE.
Twenty per cent the day of sale.
Ten per cen, the let of June
Ten per cent on the each month following until the
whole lis paid
Interest will DO allowed the rate Of per cent per
mum all payments made in advance.
The following gentlemen compose the Board of Direction
Of the Company
john MAGEE, Bath J. 5. WADswoRrH Geneseo;
CONSTANT Cook Bath, ORvILLE CoMSToCK, Avon;
ORsoN PHELPs, Buffalo; john A. c. GRAY, n. Y;
THos. J. DUDLEY Buffalo; DANIEL CURTIss Campbell; ;
WIN. J. MILLER, Buffalo; Taos. Brown Caledonia;
Mills T. LAMsoN, Re Roy; TsUMBULL CARY. Batavia;
ANDREW B. DICKINSON, HOmhy.
Pamphlets with map showing the OF the road, and
containing fun particulars with copy Of the mosase and
bonds De had application either Of the Directors
orof Q5) s. DRAPER, Pine and Wllism-sts.