New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-24
SlSIEos DRAPER, Aucdoneer
10Y SIMEON DRAPER. Office No. 4G

~ SiMEON DRAPER, Office No. as
- Pine, corner Of Wiam.s.- THURSOAv. Aug. Sc. at
IL O'Clock. az the MerchantS Excuanre, FIFTY THOU
SAND DOLLARS in the CAPITAL STOCK Of tbs
TROY ard RUTLAND RAILROAD COMPANY. This
Eagle Bridge ~ miles. to Salem. en- in '' Ws.ainsson County
y where II with the Rutland Washington
Railroad which st Rutland unites with the Rutland and
Burlington Railroad The Troy and Rutland Railroad thus
forms ink In the chain Of North and South conu
ncstion between the Cities of Montreal and NewYork IL
ocsted IN ONE OF the most fertile ard wealthy sections Of
the States OF New entire busness Of
which must over H. there being other facilities fy
transporting passengers and freight.
The whole amount of paid stock In the Road Is
II owes q funded debt, bearing per cent inter-
tn. Road now in fell running condition and furnished
with all cesssy equipment IL has been leased the Rut
snd and Arlington Railroad Co. for s7 yesrs Of
teO for the current year. and Of $4,000 per annum after
ard the ease entities this Road 70 rateaoe proportion Of
onehaf Of the net earnings OF both Roads and above
per cent per apnum and OF the Albany and NStheIs
and Washington are TO be connected By The terms Of The
lease
This lease beyond question certain moderate In
come 10 the hodes the prospective increase OF
this income which Will inevitably ese out Of the growing
traffic this North and South route fail 70
the stock CT the Troy and Rutland Railroad very de-
sebe investment The receipts Of the Company working
both lines have nce the full opening OF the line been most
Also TEN THOUSAND DOLLARS RUTLAND
AND WHITEHALL RAILROAD SrOCK, entitled to
able this city, without delay or reduction The Rut
land and Whitehall Railroad EXTENDS from Cas.eton Vii
sge Vermont miles, 10 the New York State ne. at
Fsrhavep connecting the Rutland sad Burlington aud the
Rutland and Washington Railroads the North with the
Saratoga and Washington and Rensselaer, and Saratoga Rail-
roscs the South, and forming with them the only NorSh
South Ike from Troy via Sarstnsa Sprnss aud Lake
Chempain at Whitehall 10 Rutland Burins ton ani Lo
Car eda The Company is Of debt with contingent
Eatiities whstersr The Of the represented by
the Capital Stock, all paid up, s76OO0 aud tits leased in
perpetuty. 10 the Saratoga Washington Railroad Com
pany for annual rent Of $l2320 payable quarterly IN
NewNoIk, being the ratio of ~ cent pc aunum, with
further sufficient for the expenses Of keeping mp its
organization.
The lease gives the Rutland and Whitehall Company full
power upon and take possession Of their road
should the SARATOGA and Washington Company fail 10
puncus payment OF the dividend stCve named neglect
TO keep the property in good pair This road passes
through thriving marble and wooden manufacturing aud
productive ssrcuur. district snd is the only outlet to
Lake CT ann lain and the West for large part of Vermont
IL is earning han1 Some income for the lessons and
from lis position INDISPENSABLE link in great North
and South chain OF railroads and from it, local traffic it
continue to he profitable working road.