New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-04


III RAILROAD DIRECTORS;
BENJAMIN LossT;, IA R.sy
Homer Ramsde.' John Wilkinsoo,
William Williams ID. Richmond
Jss' s WsSsworth. A. N sprasas.
The Buffalo and State Line Railroad s built along ~
southern shore OF Lake Enc IL at the city q
and Pennsyivana At its Buffalo terminus i. has an iasss-
date connection with the central line Of Railroads running
syrscSse and Utss 70 Albany, sna hers soansstns VI
the several lines Of Railroad and with the Hudson Rivy =
also the terminus Of two lateral Raoads construCsG
to connect with the New-York and Erie Railroad
It's Western terminus brings q IN connection With TIE ne
and North East Rsiosd, which at point IS miles Yea 81
the State line, will during the coming season connect wsen
the Railroad to Cleveland now in process Of constracro.i
Cleveland will then be the principal focal point OF nearly ~
the Railroads running from the northwest to the southsr0
and westerly portions of the United States Buffalo beng
the center OF western trade, and the point OF sn
shipment the Erie Canal of nearly oil the produce 81
merchandise passing to and from the seaboard to Saee9
bordering the Lakes must always attract to it very
when the connection to Cleveland a complcts (which wt
BY ts Road will DO surpassed by that Of any othes b
the country It's the natural and . all travel TO or on
the West BY the NewYek Railroads the only ost
let except that daring the Of BY the Lakse
Navigation closed about halt the year and for about hrss
Of the SIX months open the entire travelling public W
prefer the safe and expeditions communication BY NJ
road So that practically there can he competition Win
this road during the season Of the principal travel
IL has been constructed upon tho most direct route -
upon easy ades Its length sixty nine miles Is ensrs
cost and equipment viii not exceed u opened q
freight and with but train each day "a u
present time. Its earnings for March were $2zSoo q
average of SGD per day. its earnings foT the first az days
Of April 81 s D. being average Of el1e Per day
During this time travel for sxytwo miles west OF Ere hsn
been by stage tho heaviest and next TO ingasahe
roadsnasaton not yet being open between Enc and Csvs
land
The Of capital subscribed and paid In, Ssoo -
Of which Ss 900 owned by the NswYork and Erie Rs-
road Company and $3.50 900 the NewYork Central Roet
The Company issued in October last 500 bonds OF VI -
EACH payable in fifteen years These bonds were readily
disposed of; and on the first instant the Company maAo
another of 800 bonds Of 900 EACH pledsns the -
of the Road for payment Of principal and intss
These issues made under permisve law OF the Sts a
New-York
The interest and principal Of the last issue payable =
the City Of NewYo at the banking house OF Duncan Sh
Co, and the interest semi-annualy by coupons -
tsched on the LIST Of July ard January OF each year
have the Southern and Western Railroads. and it, con
nection with the NewYork Roads and It's important ter
at the leading commercial city OF the "es toeethc
with the fact that II built upon the shortest possible route
along the southen shore Of the lake. viii justify the bshsf
that its when the connection with Cleveland e
taned will give the stock Of the Company value second -
that ofno other Railroad In tho United Ststss
The issue Of Income Bonds above referred to are W
for sale by the Company and may be obtained on apple
ct the office of Messrs Duncan, sherman Co-bun.Aos
April 8, 1859 GEORGE PALMER, frendsuS