New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-14


YORK RAILROAD COMPANY will sell by Auction,
through SIMEON DRAPER, on WEDNESDAY, Dec. Is
at N o'clock at the Merchants Exchange $50 600 OF their
FIST Mortgage Bonds These Bonds for 600 each and
mature s April 1867 They bear coupons for interest the
October AZ the Bank Of Commerce in th. c1 They are
secured by the fret and only Mortgage their whole road
stranahan and John A. c. Gray Trustees and are con-
verble at the option of the holder into the Capital Stock
OF the eSPSn any S Ssss sS IT, R The Mossse
fea lots consecutive portions Of the road thrown
open 70 public traffic; sfo,OOo were sold last May;
sloooCO are now to be disposed Of and the balance s
not 10 be offered till next summer after the other portions
of the work are completed.
lance OF 81 miles and graded for nearly Al miles further to
BATAVIA The iron purchased and paid for for this whole
Company were offered 81 auction the eastern section OF the
load had only Just been pvt in operation and all estimates
OF It's earnings were merely conectura The have
now been running since May average about IS miles
and the net earnings equal to fully 10 y cent the
entire co Of the whole 81 mile section completed As
yet the way traffic has contributed TO the receipts
which have been constantly increasng and the Directors
anticipate. with weUsunded confidence q continued
augmentation from the channels of traffic they arc
now opening IL is believed that the receipts exceed
State, of similar length. and so short time in operation
The whole work is under contract Buffalo where To-
cation Is senred for Depot buidng and the Directors feel
whole road by next July The length Of the line from
Corning to Buffalo is 1874 miles It's grading masonry and
neat and substantial and the entire will compare IA
any other in the country rails are Of tse
the connecting nk between the Enc Railroad at Corning
and the Great Lakes Buffalo. The Buffalo and Brant.
ford koad Of the broad gauge and will continue
ts channel OF railroad conmunlcat 10 Detroit and the
Far West The district OF country through which the Buff
TAO Corning and NewYork Road the most pro-
ductve IN the Western part OF this State and Affords local
traffic sufficient to maintain and pay good dividends on the
cost road and the Directors with confidence on
lar OF the great through travel in addition The chsrac
ter OF tie Bonds offered such the Directors can
say with sincerity that they equal Railroad
eurtts IN the MARKET the net earnings on that part of
the road now running being sufficient make certain the
payment OF principal and interest the whole amount Of
Bonds the Company authorized issue thus PLACING
her safety beyond question The convertible clause adds
greatly 10 Their real value as an investment.
So shares Michigan Southern and Northern Indiana Rail-
read Stock, $iC0 each
loo shares Merchants Bank Stock, $50 each
Bonds OF Ell 600 each Of the City of Memphis Tenn
bearing Coupons for @miennus interest az the rate of y
cent payable m Philadelphia where the Bonds are re-
ibuI,abe in 1890 These Bonds the residue Of $780,
w, ~Hoie amount OF the debt of this city.
memphis is fourishng commercial town, situated
fh b4nr on the banks Of the Mississippi at the
terminus OF the Memphis and Charleston Railroad. This
rs!osd snow in active progress about 30 miles
peted and 20 more ready for the rails When opened it
WIZ materially advance the property Of this city. Men,
phis row contains about inhabitants with an annual
revenue OF 0o0o and e500OOo0 OF taxable property
Lss year dofo bales Of cotton shipped fron his
port
Tsrms-Oreourth cash day Of sale; balance at the
option Of the purchaser before the 18th January 1855
The purchaser viii be charged with the accrued interest
Pamphlets and particulars may be had at
SIMEON DRAPERS, IS Finest, cor. of William