New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-26
GALE of $3.50, 600 SEVEN per CENT.


Chester Valley Railroad extends from its intersection With
the Phsde pbs and Norown and the RssdinS Railroads
Noustown, III miles from Philadelphia through the
"Grest Valley" Of Chester County q miles to Downing
ton on the Columbia Railroad distance of 81 miles from
Philadelphia
This Railroad was commenced in 1887 and Eight Hundred
Thoussrd Dollars actually expended its construction,
under the Of the Nor istown snd Valley Railroad"
bot having enough complete IT, tbs monetary
crisis of thai year compel ed its friends stop the aud
In that situation the time allowed BY the ehaner its com
petion expired In 1885, the Chester Valley Railroad Com
psny chartered providing for the consolidation Of the
debs sBd stnck Of the old Company In such prooorioas
that what actually cost ore than $50 without the add
ton ofinerest DOW represented by stock 1850 0J tree
from all lncumbrences.
Such is the confidence Of the Stock hods .ss earning,
Of tn Road that they have obtained from the legislature
the authority issue $4,000 Of twenty yea Seven
cent Mortgage B,rds which convertible soy time
into sD EIGHT PER CENT. PREFERRED STOCK;
which stock entitled TO an eght per cent
dividend before the other stock shall recsivs
70 the Bonds and The interes, there
on the Corp1 stion have Issued Mortgage OF all e rights
property and snchses acquired and 10 acquired 10 Snep
h.rd Knapp, Alfred c. F"zer aud Daniel Miller OF the
city Of New York Trustees With all the usus and proper
hst the avss Of the Bonds shall be eKpsnd d
in the completion Of the Road The interest 10 payable
semisnnusy and the principal at maturity in tbs c OF
NewYork the Coz have contracted with Messrs
Strung Bradley of Vermont for the entire completion OF
sao Rosd ready for running OF the cara by tho first DAY
December next the contractors have entered the
vigorous prosecution Of their work They have purchase
the iron rails chairs spikes and ties; AID having Arg
force OF every unfinished portion Of the ROai there
doubt from the character Of the work TO done that
will he completed within the specified time.
seeuny for The bonds M Issued but to be as1od in
foI the stockholders, a careful investigation OF 10
perfectly ACCOMMODATES the richest part Of Mon'Eonsry
CouatJ and The largest OF Chester County lons OF the
nchrst aud most productive mineral and agriculture regions
Of Pennsylvania with msIksne facilities and will IN effect
make that beautiful valley entire market garden for toe
4O0N bs5ants of Phi sdephia Chester County contains
population Of 60 roo; OF $4,000 acreS with
asa, seed value o. S22OO0 or nearly average Of per
scTe and $50 for each SOUL for the entire county The
ayee value of the lands the line Of the Road not les
It's mineral scarcely second its agricultural
wealth The route Of the Road sbounds in qusre. Of
bic and limestone, and in bees Of iron Much OF
USED In ucOn OF the Glrad College, Un
ted states Bank and other public buildings of h. city, was
quarred on the line OF tins Road and It believed that the
compile OF the Road will greatly nctee the demand 0r
these marbles for architectural purposes it viii make
them the cheapest ~ they admitted TO be the bat
and besutif OF building stone larse quantity OF
anthracite coal Ia consumed song the line OF this Road
and upon Columbia Road and In the valley Of the Ran
DIVINE for manufacturing purPose burning hme aad do
uestic which Is now either hauled In wagons scros
from the Sehuyhl ley or bought around oy the Read
ing and Columbia Railroad through the City Of PhadeL
pbia additional distance OF s. miles. This article must
Immediately on its pass over the Chester Valley
Railroad much reduced charges and in greatly increased
quantities. and It is estimated that will smolnt In the
first year 10 loo o. tuns
In ADDITION to all the local business OF the route the Road
must important for the immense business
which pass the Pennsylvania Central and the
Pttsbur d and Wheeling aud extending on ward By vaoGs
routes Cincinnati and 81 Louis aud the other striking
Lake Erie the town Of Enc less distance from New
York City than bv way Of the Erie Railroad
Although the Central Road is yet incomplete such was the
press business upon during the present spring that the
Company To refuse large amount OF freight
Offering When ali its connections shall DO completed the
freight and navel West will be fully equal the capacity
both OF the Coumbi, ard Chester Valley Roads The Ches
Valley, In connection with the Phadeph and Norris
and the Reading Roads will become much the most
convenient into and outlet from the city
these Roads the locomotive to the Delaware River and
to the Camden and Amboy Rslr ad
TheimpOane OF having two outlets from the city for the
enormous WessrR trace avoid the confusion and inter
puon resulting from too great an accumulation OF freight
and passengers a. one depot viii be readily UNDERWOOD IL
was for this reason that the Legislature reserved In the char
the night purchase the Road 1.-THE Columbia Road
being State woh upon the payment o. the cost Of The
Rosd, with eight cent. interest uoon such sum.
The amount OF freight ard travel TO and tom the "es
will be vastly increased BY the construction Of the S1pogy
and Erie Railroad To all this business the Chester valley
Road form the proper outlet a. has convent
into the city and the yer route from
Dwn 10 Philadelphia, follows the natural route Tor ra
rad avoids the heavy grades which have proved such
serious obstacles the business Of the Coumba Railroad
Another very important fact in favor OF the Chester alley
Railroad is th4 this merchandise from New York and
tire North Philadelphia 10 DO transported over the
Ce1tIal Road can be forx arded without hs
venence Of drayage through the city The PennsJ
Central Road must be extensively used by the city Of
New Yors of its avenues to the West a whl be
toe shortest sndscOnsequeny the cheapest The Chester
Valley Railroad will offer Just the facilities necessary to
this trade.
with the local business Of Chester Valley and which be
hev.d be perfectly reliable makes aggregate annual m
Deduct 40 per cent Of above for expenses 1850
Leaves net income 0f...s....s.SIZoJO
7per cent interest on Bonds (S5Ooo0o)
Leaving .............$}37,3H
which Is sufficient to Pay per cent dividends upon the
capital ltOck, (s6O0,O0O)
This estimate based upon the local business alone
When to it il added proper proportion Of tbs Of
Western tTafhc-sready IMMENSE and susmentilg daily
this road gives to the Stockholders OF large diV
bends.
Full authority Is given 10 Issue these bonds and 20 mako
them convertible into the cent pefoned stock aud u
create mortgage 70 them that the security ia all
respects legal will DO BY reference 70 the Oplnon
OF Messrs. VIM A. Porter and VIM. Rawle well-knowD
lawyers Of Philadelphia
BY previous statement It will appear that
property costing 81 100 900 is mo-tgsked for $OOOO ana
that the estimated net earnings put $2 $50 amount
largely exceeding tho pei cent interest the bonds
10 he issued WIN. u. NORRIS, Presdsnt
Philadelphia May 30 1852
References these bonds b. made TO Shepherd
Knapp, Alfred g. Fraser Daniel g. Miller, New.York
$3.50 eco Of the Bonds have been sold for the Iron for
eign account al d for investment
Scales pT,pOsals for the remaining $50 90 will be
eeived at the Office OF J. A UNDERWOOD SON No. q
heIehants Exchange, until o'clock, the 18th day OF
June, inst
Payment will he required 20 per cent notice OF
eeptsnce Of the bid 81 per ceut the 18th Of July abd
balance the 10th of August fall payment
msde at Accrued interest 10 the day Of sale viii be
ven 70 purchaser Bidders invited be prrsent at
r., 80 m I A L..