New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-08
PROPOSALS will be received for sums

ofno less than Il GEO az the office OF q. ;. Robbins
1 Son No 81 Wallst until Wednesday next, the 10th
Jup. stSP NJ for s. $500 $50, -, 7Psr
cent First Mortgage Bonds Of the - Tioaa Railroad
Company (converble the option Of the holder into
stock interest payable SENT annually in New.York BY
pops aud TIE principal payable in SewYork 10 1871 The
exhibit on the part Of said Company will explain
the character Of the security offered:
The Tioga Railroad Company extends north from the r-h
tiiuinous coal mines Bosburg ToEs County Penn
sy, ana 10 the NevYork State line, Lawrenceye'
distance Oftwenysx miles and az tha, point connects with
the Coming Railroad OF fourteen miles IN lepsh forming
continuous road terminating al the town Of Coz l situate
on the NewYok and Erie, and Buffalo Corning and New
York Railroads and Chemung canal The corning road
being read with heavy iron rails and has been leased
for period Of years 10 the Toga Railroad company 50
that the latter named Company will operate and work the
entire lire Of raosd between the coal mines Sossoug and
Corning The track of the ToEa Railroad now laid with
hat bar rail and ia original cost s400 nder
authority of acts Of The legislature oil
soDds stoci and claims have been Consolidated follows
Prefeued dividend consolidated stock, $3.50 shares a.
Common ois;:d stock 5So shares at 500
The Legislature has authorized the State authorities
TO deliver up for cancellation, STOCK amounting 70 o
The Tosa Railroad Company have made contract with
responsible parties for reayng the track upon Inc
and Enc fisk feet and pains thereon very supe
nor Ne svy iron II rails This road the entire completion OF
which is guaranteed before the 18th OF August next
will when finished, equal in the permsnenoy OF IT'S sFuct
me spy railroad in the United States For the purpose OF
meeting the expenses Of reayiDg the road and
the Company have, under the most ample authority rom @
Legislature of Penusy issued cent coupon
bonds to the OF $50 0O payable principal AID IN,
terss the city Of Newi oS convertible INTO SUCK Sh1
secured by mortgage in trust 10 Theodore Dchon, Alfred
Fraser and Watts Sherman Esqs, Of the city OF New
York which mortgags the frs and only lien upon the ROAD
It's furniture and franchises. Locomotive eusineS ah1 cars
are contracted for sufficient 10 transport the Immense juan
titles at lon beT coal and miscellaneous freight wnch WIN
PASS The roSd well as PASSENGER Inc coal gnc1
il Of the quality and neXhausiibe u now mined ana
delivered in Bossbug al about Jcents per gun s1
dsDg the pas and present year has comm mded three do
lars and fifty per un al Corning WIN ample taclnt
of transport The sale and consumption OF tls coal VI" o
immensely ncresed and it is confidently believed thst
IL - nffadD he
Apart the Of cOi there i very 'ke 10
cs business from timber lumber shingles, coke iron gas
end msce laueous articles Tue are now over twenty
millions of feet lumber IN and near ie ne OF rsad whch
will be carried ready and COOS market when we acA -
read Many who have heretofore rAfted their lumber VIII
avail Themselves Of the more certain aud apu
BY railroad plank road seventeen miles IN Ter gn au
running through section Of good pine timber and - nov
beog constructed, and Will terminate AZ az lIppls1 pun
Of The railroad the business and profitable venue OF the
COMPANY will thus I've greatly decreased In the vicinity OF
Bloburg abundant deposits OF iron ore aud he cay OF
The hest ouaty FIRE ne and ine white SAND tor glass
works stUr furnishing the best internal Tor m'oh,'
vhesopes trr DIST mes and hearhsones for furnaces also
abound In the neighoornood The yaiiey through
which road not surpassed IN the ieuhty OF Us
soil yielding abuldautly superior wheat ana an ssou1u
rel pIoducts common the rich valley lands OF southwest
ern Ne-York The population OF the County ot Ioga mas
increased teeod since this company was cnaeIsd t5
local passenger travel is consequently increased ady am
with seacily increasing through travel north and s0ah'
the passenger business mn be large and prohaoe Inc
Company have the most liberal and ample powers granted TO
them BY the Legisla'ure Bmncohs 70 mines and mills III
any direction authorized, and viii b. made whenever
such extensions VIII insure prouaOc return Tor s outlay
There are several very extensions authorized and
contemplated which, when made, VIII greatly add 70 me
value OF the Companys property and earnings The road
being Of gauge the New York aud Ere Railroad
facilitates the uninterrupted interchange OF produce az the
least along the extended line OF country bordering
on that great work The following estimate Of business ove
the road for year after It's completion made after
careful consideration the elements Of which sur
| round it: -, --
$4,000 tuns al az 81 cents per tun, eS5 -
IS 600 coo et OF lumber at 40 cents tOV
Passengers ard miscellaneous freight .......'.l3OV
| 1928
Fxnenses ,aQ 30 per 81 81
Estimated net earnings the year ending Aug 1883 S6l57
| From which there TO be- deducted $1,000
| For interest say per cent, on s3oOO.o SloVO
| For dividend on preferred stock ...sll,4o
| Less amount assumed aud payable BY
the State under her guaranty. .........I1o ooo