New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-08


Il RAILROAD. DIRECTORS:
Benjamin LodeE. II A. Risley,
Homer Ramsdel,' John wilkinson,
William Williams n Richmond,
Jas. s. Wsdsworth, A. NJ spragns
The Buffalo and State Line Railroad is built along the
southern shore of Lake Erie II at the city OF
Buffalo and terminates at the State line dividing
aid Pennsylvania At its Buffalo terminus II has an nine-
date with the central line Of Railroads running
through the interior Of NewYork by way of Rochester,
Syracuse and Utica TO Albany and there connecting with
the several lines of Railroad and with the Hudson River to
New-York and the Western Railroad to Boston Buffalo is
also the terminus of two lateral Railroads now constructing
TO connect with the NewY York and Enc Railroad:
Its Western terminus brings in connection with the Erie
and North East Railroad, which, at point 10 miles west OF
the line will during the coming season, connect with
the Railroad to Cleveland in process OF construction;
Cleveland will then be the principal focal point of nearly all
the Railroads running from the northwest the southery
ard westerly portions of the United States Buffalo being
the of vast western trade and the point OF trans
shipment the Erie Canal of nearly all the produce snd
merchandise passing to and from the seaboard 70 States
bordering the Lakes must always attract TO 1t very
large and constantly increasing tavel and believed that
when the connection 10 Cleveland Is complete (which VIII
be early st of September next the amount OF travel
bv this Road viii not be surpassed by that OF any other In
the country the natural ana 70 eI tra'e. 10 or rom
the West by way of the NewYork Railroads. the only out
Navigation closed about half the year. and for about three
of the six months is open the entire syens pnshc w
prefer the safe and expeditions communication ny rail-
road So that practically there can be competition with
this road during the season OF the principal travel
1t has been constructed upon the most direct route ana
upon easy grades It's length is siyDine miles Its entire
and equipment viii not exceed 81 100000 opened on
the LIST of March last with but FIVE passenger and twenty
freight and with but train each day TO the
present time Its earnings for March were $2JO or
average of $40 per days its earnings for the first six days
Of April s702 3d. being Of 81 ITO per day
During this time travel for sxytwo miles west OF Erie has
been by stage the heaviest and next to impossible
roadsnaygaon yet being open between Enc and Ceve'
land. .
The amount Of capital subscribed and paid In, $500 600
Of which $50 900 is owned by the Newly and Enc Rail
road Company, and $3.50 000 by the NewYork Central Roada
The Company issued in October last 500 bonds of 00
each PAYABLE in fifteen years. These bonds were readily
disposed Off and the first instant the Company made
another of $40 bonds of 900 each pledgng the in
of the Road for payment of principal and interest
These issues made under permssye law OF the State OF
New-York.
The interest and principal Of the last issue payable in
the City OF NewYork banking house OF Duncan sher
man Co, and the interest seniannuay, By coupons at
tached the LIST of July and January Of each year
moments consideration OF the relation this road viii
have 10 the Southern and Western Railroads. and it,
necton with the Newiork Roads, and its important tern-
the leading commercial city OF the West together
with the fact that il built the shortest possible route
along the southern shore of the lake will nstity the belief
that when the connection with Cleveland ls at
tanned Will give the stock Of the Company value second 70
that ofno other Railroad in the United States.
The issue of Income Bonds above referred offered
for sale by the Company and may be obtained on application
at the office Of MessIs Duncan, Sherman Co-BGEalo,
Aprii 8, 1852 GEORGE PALMER, President.