New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-14
PROPOSALS will be received for sums

PROPOSALS will be received for sums
of not less than 900 the office Of g. s. Robbins
June, at 5 r. NJ, for So, $3ooo5O, -, 7Per
cent Fret Mortgage Bonds Of the - Tiora Railroad
Company, convertible 81 the option Of the holder into
stock interest payable semi annually in NewY BY cou
pons and the principal payable IN NewYork 10 1871 The
the character OF the security offered:
The Toga Railroad Company extends north from the eh
biuminous coal mines near Biossburs Ioga Couny rem
syh ana to the Newly ok State hne near Lawrenceve,
distance oftwentysx miles and that DOin. connects with
the Coming Railroad Of oueeo miles In length forming
the NewYork and Enc, and Buffalo, Corning and New
York Railroads and Chemung Canal The Corning Railroad
now being reaid with heavy iron rails and has been leased
for period Of years 20 the I1oga Railroad Company 50
that the latter named Company will operate and wok the
entire line OF railroad between the coal mines 5sOue ava
Corning TIE track OF the oea Railroad Is now laid with
fiat bar rail- and its original cost about Si0Oo0 Under
suthorty OF recent acts Of the Legislature OF Pennsylvania
and with the Of the parties in interest the
bonds stock and claims have been consolidated as follows
Preferred dividend consolidated stock, S8vJ shares 81
.SlOlWO
Common consolidated stock $50 shares al ...l92O
Tue Legislature has authorized the State authorities
10 deliver up for cancellation, stock amounting to
The Tiocs Railroad Comnanv have msde contra = with
responsible parties for reayng the track upon the
and Enc Of six feet and pa,ng thereon very snpe
nor heavy Tails This road the entire completion OF
which guaranteed before the 18th OF August next
will when finished, equal In the pc meuency O is sruc
uIe any railroad in the United States For the purpose Of
meeting tie expenses Of elaying the ro aud it, pmenI
the Company have under the most ample authority Om the
Legislature Of Penns ana issued seven per cent coupon
bonds the amount OF SAJlWN payable pTlnCi dt0
eTest IN the city New York convertible mo stock and
secured by mortgage in trust Theodore Dehon Alfred
S Fraser aud Watts Sherman, Esqs, OF the city Of New
YoTk which mortgages the frs and only lien upon the road
its furniture aud franchises Locomotive engines and cars
contracted for sufficient 70 transport the immense quan
titles al lumber, coal aud miscellaneous freight which viii
pass The roads well passsngers The coal which
Is Of the test quality and neNhaustih Is now mined aud
delivered in Bossbrg about 50 cents tun and
during the pas and present has tnded three dol
lars and hy per Corning With ample facilities
OF transport the sale and consumption OF tins coal Will be
immensely increa,ed and t Is confidently believed that
the demand viii only be limited by the capay Of the road
Apart from the coDveysl CO Of coal there very large To-
cal business from timber lumber shingles coke iron glass
and miscellaneous articles. The now over twenty
millions Of feet oiumber in and near e hoe OF cad which
viii be carried 60 ready ana market when the track
reisd hanNwhg have heretofore rsited their lumber will
avail themselves Of the certain and rapid conveyance
by railroad plank road, seventeen miles In et 9Th and
running through section Of good pine timber land Is now
btieg constructed and will terminals ~ important point
of the railroad the business and profitable OF the
Company will thus be greatly decreased In the vicinity Of
BoShug abundant deposits OF iron and fire clay OF
the best quality; ere y ne snd hne white sand oI glass
works furnishing the best material for milstoneS
whestone Frndst and hesrths'ones for furnaces also
abound IN the same neishbornood The valley through
which the road runs - not surpassed IN the eAy o. Us
soil yielding abundaDty superior wheat and all asfcatu-
raj pTOduets TO the rch valley lands OF southwest
srn Newly ofk Inc population OF The county OF mega hsS
Increased threeod tins company Chartered the
local passenger travel B consequently increased rapidly and
with steadily increasing through travel north ana so1h,
the passenger business BE- large and profitable The
Company have he mos; liberal and ample granted 70
them by the Legislature. Brancehs % mines and mills
any direction authorized and viii be made whenever
speh extensions W profitable far the outlay.
There several very important extensions auth0zsd and
contemplated which when made viii greatly add - The
yplue Of the Companys property and earnings The road
being Of the the New ORR and Erie Railroad
facilitates the uninterrupted nterchs1se Of produce the
least expense aoag toe extended hns o country bordering
ON that great work The following estimate OF buness over
the road for enc year after its completion Is made asE
careful consideration Of the elements Of revenue which sur
round IL
l50t 90 tuns al at OF cents per tan, is......S6Io
IS Gee 90 feet Of lumber 10 eent per M........l4ooo
Passengers AID miscellaneous freight. ......lAoV
l21750
Expenses say 50 per
Estimated earnings for the yeSr ending Aug 1855 s5S5
From which thsre 70 be deducted
Fer interest say I per cent on $4,000 S2LSoO
For dividend on preferred stock. 40
Less amount assumed and payable by
the state under her guaranty ..........7,SO -
% sna