New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-04-23
8. DRAPER, Auctioneer.
DEREMPTORY SALE of FIR S 7

MORTGAGE BONDS Of the BUFFALO, CORN
will offer for sale through SIMEON DRAPER, on the iath
day Of May next at O'clock at the Merchants Exchange,
Bonds payable in 1857 with per cent interest, pays5s
semi-annualy, at the Bank of Commerce in NewYok"
sued for the purpose Of completing their road and
cured by first mortgage the entire road and its fran
ehises BY deed Of trust to John Stevens James T
verble into the stock of the Company par any time
within five years from their date.
The road extends from Corning on the New-York Eric
Railroad to the City of Buffalo, distance Of l34 29l0s
miles, and will when completed, FORM In connection with
and direct thoroughares between the Cities of NewYork
and Buffalo and the Far West and will connect at Coming
with the Corning Bosburgh Railroad, being re-laid
with rail which extends to the rch non coal and lumber
regions of Pennsylvania.
On diversng from the New.York Eric Railroad, this
road passes up the rich and fertile valley Of the CONNECTION
River its source ct the nohery line of Steubsn
County distance of about ortyfve mes-pang through
the village of Coopers Plains Campbell Savona Bath
Kennedyve Avocs, Liberty Corners Conhocon and Way
land thence through sprngwater Conesus L1vons Avon
(where it the Gcnesce Rver and Caledonia In
Livingston County, and through LIE Roy and Stafford to Ba
tava in Genesee County This part of the line for nearly
its whole length 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 running on % miles OF tie ROAD west
from Corning and expected to have the rails laid by the
SOth for twenty miles further when the cars will run
Is miles The roed is under contract TO Batavia and II
designed that the will be running over the whole road
in all of the present year. ..u.oo.,
now be issued and balance consecutive PORTIONS Of
road Fare completed When the whole OF said Bonds Snail
be Issued the amount incumbsnce said road will be
something less than 81 per mile. The amount OF the
first $500 000 will constitute an incumorance eqa 10
S750 per mile upon the tty-sx miles OF the road whch
arc nearly completed being less than the value OF she
IRON and land
By this arrangement it is believed that the bondhoders
will be made beyond possibility of doubt the prop
erty of the Company being all times amply sufficient TO
indemnify them against any loss
TERMS OF SALE.
Twenty per cent. the day of sale.
Ten per the LIST of June. -
Ten per cent of each month following until the
whole is paid.
Interest will be allowed the rate of per cent per
mum on all payments made in advance.
The following gentlemen compose the Board OF Directors
of the Company;
JoHN MAGE Bath; j. s. WADswoRTH. Geneseo;
CONSTANT Cook. Bath ORvILLE CoMsrock, Avon;
ORsoN PHELPS Buffalo; JoHN A. G.. GRAY ~ Y;
Tgos J. Dudley Buffalo; DANIEL CURTIss, Campbell;
Wn J. MILLER Buffalo; THos Brown, Caledonia;
MILES p LAMsoN, Re Roy; TRUMBvLL CARY, Batavia
ANDREW b. DICKINSON, Homby.
Pamphlets with amap showing the route of the road and
containing full particulars with copy of the mortgage and
bonds may be had application TO either of the Directors
srof Q5) s. DRAPER, cor. Pine and William-sts