New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-14
s. DRAPER, Auctoneer
DEREMPTORY SALE of + l K 5 I

tcEREMPIORY SALE OF + II .
BoSDs Sf the e s3FEAo SosS
will offer for sale, through SIMEON DRAPER on the 18th
day May z OOs the Merchants ss F E Mo1ss
Bonds payable in 1851 with cent interest payable
annually a. the Bank Of Commerce IL New; York <
sued for the purpose Of completing their road and
cured by first mortgage the entire road and lite fran
chses BY deed of trust to John A. Stevens James
Sranahan and John A. c. Gray trustees and are con-
vebls the stock of the Company at at any time
within five years from their date.
The road extends from Corning on the NewYork Erie
Railroad to the City of Buffalo, distance o. lS4 oo
miles and Will when Completed form IN connection Wild
and direct thorouehares betwesn the Cities OF Newly orb
and Buffalo AND the Bar West and will connect a.
with rail which extends to the reh Ton coal and lumber
regions Of Pennsylvania
road up the rch and fertile valley Of the Conhocton
River to its at the nothery line OF steuoen
County distance of about ortyhve mes-passng through
the village of Coopers Plains Campbell Savona Bath,
Kennedyvle Avoca Liberty Corners Conhocon and Way.
land thence through Sprng water Conesus Lvona Avon
where it crosses the Genesee Rver) and Caledonia r
Livingston County, and through LIE Roy and stafford 70 pa
sva IN Genesee County This part OF the line for nearly
It's whole length passes through Of the richest and most
productive portions OF our State.
From Batavia the line of the road passes westerly IN
nearly straight line TO the City Of Buffalo.
The cars are running on IS miles of the road ives
nom Corning ana II expected to have the rails laid oy tne
Soth inst for twenty miles further when the cars VIII run
IS miles The road under contract TO Batavia and II Y
designed that the cars viii be running over the whole rosa
10
The MORTGAGE provides that only $4,000 of Bonds
row be issued and the balance consecutive portions Oh na
noad sare completed When the whole of said Bonds sns
be issued the amount Of ncumbrance said road VIII Be
somethns less than 800 per mile The amount OF the
hst issue $fOO0o will constitute membranes equal
l5O per mile upon the miles of the road winch
are now nearly completed being less than the value Oh me
lion and land.
By this arrangement 1t Ia believed that the bondhodeu
will be made beyond possibility Of doubt the prop
ery of the Company being at all times amply sufficient 70
indemnify them against any loss
TERMS SALE.
Twenty per cent. on the day of sale.
Ten per cent on ths lst Of June.
whole is paid.
Interest will be allowed the Of per cent per
all payments made In advance
The following gentlemen compose the Board Of Directou
Of the Company:
JOHN MA6EE, Bath; j. s. WAeswoRrs, Geneseo;
CONSTANT Cook, Baths 0RvILLE CoAsrocg, Avon;
ORsox PHELPS, Buffalo; JOHN A. G. GRAY n Y;
THos. J. DUDLEY, Buffalo; DANIEL CURrIss, Campbell;
WN. J. MILLER. Buffalo; THos- Brown, Caledonia;
MUGS P. LAAsoS, Re Roy; TRUMsULL CARY Batavia;
ANDREW B. DICKINSON Hornby.
Pamphlets with map showing the OF the road and
containing fun particulars with copy of the mortgage and
bonds may be bad application either Of the Directors
orc 90 5. DRAPER cor. Pine aud Wiham-sts