New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-07
., DRArEa, Auctsonees
SALE of FIRST

MORTGAGE BONDS Of the BUFFALO, CORN
vii Offer for sale through SIMEON DRAPER on the sts
day Of May u O'clock 1t the Merchants Exchange,
in the City Of Newyorh sooco Of their Flr.t Mortgage
Bonds payable in 1867 with per cent interest payable
semisnnusIly AZ the Bank Of Commerce In New York"
These Bonds part OF one million authorized to be
MED for the purrese Of completing their road and -
cured by ft mortgage on the entire road and its fran
chises 6y deed of TO John A. Stevens James z
vsrtib into the stock Of TIE Company at par any rms
within FIVE years from their date
The ROAD extends from CORNING the New FORK Ire
Railroad 10 the City Of Buffalo. distance OF lA loo
miles and Will when Completed form IN connectisn with
the New-York Tne Railroad one OF the most
and direct horou between the Cifles OF
and Buffalo and the Far West and will connect at corning
with the Coruir Blosbureh Railroad now ceins reso
with rail which extends 70 the eh uon coal ans iamoef
On diyers,ng from the New-York Ere Railroad, this
rosd passes up the reb and fertile valley Of the Coahocson
River to nesr its source northeTy ne Of seobes
County dstar Of about iorty-hve
the village of Coopers Plains Campbell Sasons w d.,
land thence through Sprngwster Conesus LvoniA Avon
(where il crosses the Genesee Rverl and CALEDONIA 10
Livingston County and through lie Roy and Stafford TO bS
tavia in Genesee County This part OF the line for nearly
its whole length passes through Of the richest ana most
productive portions Of our State. -,
From Batavia the hne Of the road passes westerly ID
nearly straight line TO the City Of Buffalo
The running on p miles OF the road wee
from Coming and it is expected the rails laid By the
S0th for twenty miles further when the cars VIII un
IS miles The road under contract 10 Batavia ana
designed that the will be running over the waoe oso
In all of the present year
The provides thar only xfsN" OF Dohos oss
row be issued ard balance consecutive portions OF tne
nosd are completed When the whole of said Bonds anal
be ssned the amount of ncumbranee said ROAD VIII be
something less than 500 per mile The amount OF me
frst 100000 viii constitute incumbrsnce equsi 20
475O per mile upon the fysx miles Of the road which
are nearly completed being less than the value Oh the
iron and land nh,
By this arrangement it Is believed that the bondholde
will be made beyond possibility of doubt the prop
erty of the Company being all times amply sufficient TO
indemnify them against any loss
TERMS OF SALE.
Twenty per cent the day Of sale
Ten per cent the LIST of June. ,.,
Ten per the LIST of each month following unti the
whole is paid
Interest will be allowed the rate Of per cent per an
mum on all payments made in advance. -
The following gentlemen compose the board Oh prec'o"
Of the Company: -
john MAGEE Bath; j. . WApsWokrH, oehesooi
Coxsr.Nr CooK Bath; ORvILLE CoMsrocK, Avon;
OpsoS pHyI ps Buffalo; JOHN A. c. GRAY N Y
Tgos / DuptrY Buffalo; DANIEL CURrTss. Canpbeli
wv I Miller Buffalo; THos Brown, Caledonia;
Murs p LAmsoN Re Roy; TRuMBULL CARY, Batavia;
ANDREW B. DICKINSON, Homby.
Pamphles with map showing the route OF the road ano
containing full particulars with copy OF the orsae so
or of (l5) s. DRAPER, cor Pine and Wiiism's"