New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-13
DEREMPTORY SALE of RAILROAD


Il BONDS-THE BUFFALO, CORNING and NENV-
YORK RAILROAD COMPANY will sell by Auction,
az ~ O'clock at the Merchants Exchange $50 600 thef
first Nor Bonds These Bonds for 900 each and
mature lat April 1867 They bear coupons for interest the
rate OF cent per annum due the lst April and st
October at the Bank OF Commerce. In this city They are
secured b. the fist end only Mortgage their whole road
and franchises, made TO John A Stevens Jauies S. 4.
Stranahan and john A c. Gray Trustees aud are con
yertbe the option Of the holder into the Capital Stock
provides Issue in all of e of Bonds in speei
open 70 public traihc. $4,000 were sold last Nav;
eltocO are now to be disposed of and the balance is
not 20 be oiered TIL next summer after the other portions
Of the work arc completed
lance OF 81 miles and graded for nearly IL miles further
BATAVIA The iron Puressed and Psid for for this whols
Company offered auction the section of the
TOAD hsdony Just been pat In operation and ell estimates
ot t eaIniLgs were merely cOnlecural The have
now been running since May about Is miles
and tie net earnings are equal TO fully 10 cent the
entire eost Of the whole 81 mile section completed Az
ystony the way traffic has contributed 10 the receipts
winch have be, constantly ncTeesng aud the Directors
anticipate, with weli-srsunded confidence continued
augmentation from the channels OF traffic they arc
now opening IL believed that the receipts now exceed
these VI any other section OF unfinished railroad in this
STATE OF similar length. and short time operation
The whole work under contract to Buffalo where To-
eaton secured for Depot buildings aud tic Directors ee
eItre confidence IN saying that the will the
whole road by next July The length Of the line from
Somns Buitno 49,! miles Its grading, masonry and
brafLg Of the teat charcter the DEPOT buildings
neat ard substantial and the entire work will compare ia
worldly with any other IN the conniy Its ere of tie
hea'y pattern aDd laid the broad gauge forming
the connecting Ink between the Ere Rilroad AZ COrun2
sud the Great Lakes az Buffalo. The Buffalo and Bran
CId Read Is Of tie broad gauge and will continue
ts cha nne Of railroad cOmmuncat 70 Detroit and the
az est. The district OF country through which the Buf
fa-o Coming and NewfOrk Read runs 10 the most mo-
ducye IN the Western part of thus State and affords local
traffic sqfcent 10 antain and pay good dividends on tho
cost ofhe road and the Directors count with on.
lar share VI the great throug addition The charac
Ter OF TIE Bonds offered such that the Director. can
say with sincerity that they equsl to sny Rloat So
eutes IN tie market the esrnings on that part of
e road now running being efficient make ceriu The
tyieIt Of Pnelpa and interest the whole sraorut Of
bolGs ne COMPANY Is authorized TO issue thus placing
ueI safety beyond question. The convertible CLAUSE adj
srsstiy 20 their real value rs an investment
read stock, $50 each
ice sha-ss MerchantS Bank Stock ESQ each
boros OF 81, Wc each Of The City of Memphis Team
Ieltlg coupons tor semi annual interest AZ the y
seLt payable IN PHI adelphia. where the Bends
nouI ape IN 1880 These Bonds the residue Of $780,
~. " cole sncunt OF the d.bt Of this city.
Meh pms s fouTlshpg commercial town, situated out
nth bun on the oenks OF the Mssss pp western
teiLlLus OF IRE Memphis Ird Chsrs Railroad. This
ItHosd Is now IN active progress about 80 niles
pettc sn 80 ready for the rails When opened IL
W u materially advance the property Of this city Me-
fhs &c" cIains about lCOp inhabitants with apnual
revenue OF CSC Geo. aud j0oO of taxable props,v
Lea year fvuo bales Of cotton shipped ffoo this
port va"
Terrs-One fourth cesh on day Of sale; balance AZ the
ten OF the purchaser before the 18Th January lay
The pug viii be charged with the accrued atsse,t
Pamphlets and particulars may be had at
SIMEON DRAfER'S, 20 Pine-st., cor. Of William