New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-17
IDROPOSALS will be received for an,

l)ROPOSALS will be received for nr,
Of not less than 81 Ooo at the Office Of @. s k,.A
4 Son, No. So WalLst- until "Wednesday oeat De -
cent First MORTGAGE Bonds Of the - Ts,sR,sS
Company, convertible at the option OF the hoae -
Stock interest pay able semi annually In NewYoa by ~
pops and the principal payable In Se~.fork Ia s2 ~
following exhibit the part OF said Company al sx,s.
the character of the security offered;
The Togs Railroad Company extend. north from Il. A
bituminous coal mines Blossburs Tosa County R~
syN ania 10 the New-Iork State line, Lasruneys
distance oftwentysx miles sod al thar point enn-c,s "a
the Coming Rsilr~ad Of ourteea miles 10 length ruirs
continuous road termnatips the town Of coinr s.
the NewYork aud Ere and Buffalo Corning and Ne,
York Railroads and Chemung Canal The Corning RxIrcsIs
now being read with heavy iron rails and h been -svl
for period Of ten years the Tiogs Railroad Compn, :
that the latter named Compsny will operste and sc A
entire line Of RAILROAD between the coal mines 3nbs ~
Corning The track OF the Toea Rsioad Is now laid uiA
fiat bar rail and its original cost shout sieo u.s
suthorty Of acts Of the Legislature OF Pennv.
and with the concurrence OF the parties IN interest a.
bonds stock, and claims have been consolidated follow
Preteued dividend consolidated stock SSo5 shares
Common consolidated stock. $50 shares At So sss
The Legislature has authorized the State autbori6e.
TO deliver up for cancellation, stock smo uniting to
about.
The Tosa Railroad Company have made contrast I'd
responsible parties tor elayn2 the track upon Oh. New
aud Erie Of six feet gusge and placing thereon very n
nor heavy iron " rails This road. the entire compsusa
which is guaranteed or before the 18th Of August
will when finished equal in the pevmsneucy Of its str,s
meeting tho expenses OF relay the rosd aud tssqupn
the Company have, under the most ample authority o0
Legislature OF issued seven per cent eoeva
bonds the amount OF $4,000 psyaole principal aa
ter-st in the city OF York. convertible no s.cA ~
secured by mortgage, In trust % Theodore Oehon Ara
\ Fraser and Watts Sherman Esqs, of the city of Ns%
York which mortgage 10 the fra, and ony lieu lpon the road
its furniture and franchises Locomotive engines asd can
are contracted for sufficient to transport the immense qass
titles at lumber coal and miscea tre gh which w
pass the roads, well as passenger The coal Which
Il OF the best quality and iDexhausribe Is mined Aa
delivered in Bossbure at about cents tap si
duts the past and present year has comm ,ndsd three s
lars and ffty cents per nn at Conins with ample hs
oftranspor the and consumption OF this c0a ell
immensely increaed and IL Is confidently believed na
the demand will only be limited by the capa'ity Of the mad
Apart from the conveya OF coal, there Is very r
cal business from timber lumber, shingles coke Iron ss
and miscellaneous articles The are now over tssn
millions of feet ofumber In and "a line efrsad Wild
will be carried ready and market when the uscts
reaid Many who have heretofore nfted their lumes r
avail themselves u the more certain and rapid eonyevNa
by railroad PLANK road miles In ie 9Th sDi
running through section OF good pine timber land sos
beiog constructed and will terminate at al imporans es
of the railroad the business and profitable revenue
Company will thus be greatly Increased In the vicinity
Blossbe abundant deposits Of iron ore and hre egs
the best quality ire st ne and hne white sans 'oi ts
works s,tt furnishing the best material fot mims
whestones grin DIST and hearthstones foI nsces
abound in the neighbornood. The valley thiop
which the road s surpassed In the fertility ON
soil Viedipa abundanty superior wheat, aud all sxli
raj products mon To the rich valley lands OF c. -"
ern NewYork. The population OF the County OF noga
increased thTeefod since this company vas chaneTed "
local passe niger travel consequently increased fsPdy ~
with steadily increasing through travel north and ssh
the oassense business must bs large aId Profitable u
Company have hs most liberal aud ample powers gantsp
them BY the Legislature. Brancehs TO mines and mii
sny direction are authorized and will be made whsrss
such extensions will insure profitable return f,f the Os
There are several very important extensions authorizes
contemplated which, when made will greatly aad .
value OF the Company property aud earnings Ihs
being OF the gauge the New York ana Ehs Rsfx
facilitates the uninterrupted interchange Of prodns
leas, expense along the extended line OF country b1
on that great work The following estimate OF onee.~
the road for enc year ster It's completion 10 msds 80
careful consideration of the elements OF revenue whh
round IT, A..
1891 90 tuns CT al at 62t cents per tun, s. ...ss
IS 900 0iO feet Of lumber at 40 cents per M....N
Passengers and miscellaneous freight .,..'."ns
ian
Expenses, say so per cent.
Estimated net earnings for the year ending Aug 1883 ~
From which there are 10 BE- deducted
For interest, say per cent, on $55O,O00 SAo~
FOR dividend on pTsened stock. ...Sil,fO
Less amount assumed ana payable BY
the State under her guaranty. .u.