New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-15
DEREMPTORY SALE of RAILROAD

DEREMPTORY SALE of RAILROAD
L BoNDS.-THE BUFFALO, CORNING and NEW
YORK RAILROAD COMPANY will sell By Auction,
l O'clock tire Merchants Exchange $50 600 of their
first Mortgage Bonds Thee Bonds for 900 each and
mature lat April 1857 They bear coupons for interest at the
rate OF q cent per annum due the ls April ana LIST
October at the Bank OF Commerce in this city. They
seerIed BY the first and only Mortgage on their whole road
stralahan, and John A. C. Gray, Trustees and con-
verble ct the option Of the holder into the Capital Stock
provides in all of 81 100000 of Bonds speci
FED lots consecutive portions of the road thrown
sl5o(CO are now be disposed of and the balance il
not 10 be offered till next summer after the other portions
The road is now finished and running Coneseus dis
lance 81 miles end eded for nearly Il miles further
distance Wien in May last $4,000 of the Bonds Of thus
Company offered at auction, the eastern section OF the
ioed had only Just been put in operation and all estimates
OF It's earnings were merely conecturaL The cars have
now been running SINCE May on an average about b miles,
entire cost Of the whole 81 mile &cton completed. As
yet only the way traffic has contributed TO the receipts,
anticipate, with wei greunded confidence, continued
augmentation from the channels of traffic they
now opening IL believed that the receipts exceed
those OF eny other section OF unfinished railroad in this
state OF similar length aud 40 short time in operation
The whole work is under contract TO Buffalo where To-
earonis cured for Depot buildings and the Directors feel
entire confidence in saying that the Will tho
whole road ty rext July The length OF the line fson
bridging are of the best characters the Depot buildings
Leat and substantial. and the entire work viii compare ia.
yoaby with any other in tie country Its rails OF tAe
heavy Pattern, and lad the broad forming
the connecting link between the Enc Railroad Corning
and the Great Lakes at Buffalo The Buffalo and Brant-
ford Road Is Of the broad gauge and will continue
is channel CT railroad communcat to Detroit aud the
rar wet The district OF country through which the Buff
tso, Corning and NewYox Road runs is the most pro-
ductye IN the este part OF this State, and affords local
tinc suclent 70 MAINTAIN and good dividends the
cost OF the road and the Directors with confidence on
share OF the great hou Oh travel in addition The charac-
Ter OF the Bonds offered such that the Directors
say with sincerity that they equal Railroad &C.
erts IN the market, the net earnings that part Of
the road running being sufficient 10 make certain the
payment Of principal and the whole amount Of
Bones the Company is authorized issue thus placing
ther safety beyond question The convertible GLANCE adds
greatly 70 their real value a investment.
olo sAaes 9eh2an Southern and Northern Indiana Rail-
road stock, $40 each.
100 sha1s Ne rchantS Bank Stock $50 each
20 Bonds Of 81 coo EACH OF the City of Memphis Tenn
bearing Coupons for serli-ennua the Of y
cent, payable in Philadelphia where the BONDS are re-
mhursabe In 1880 These Bonde are the residue of 500.
Wc, whole amount Of the debt of this city.
Men ibis Is fourishiue commercial town, situated
hth blur on the banks OF the Mississippi the western
temir rs OF the Memphis nnd Charleston Railroad. This
isnosd SNOW IN active progress about 50 miles are
psteo aLd 20 more ready for the rails When opened IL
vi" materially advance the property Of this city. Mem
Is Low CONTAINS about l6 ocO inhsbtsnt with annual
revenue OF $4,000 and Is 100000 of taxable property.
Last year rocco bales Of cotton shipped from this
port
Tems-One fourth cash day Of sale; balance ct the
option OF the purchaser before the 18th January 1853
The Will be charged with the accrued interest
FsLphlsn and particulars may be bad at
SIMEON DIAPERS, 40 Finest, cor OF William.