New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-19
GALE of s25O,OOO SEVEN per CENT

GALE of $3.50, 600 SEVEN per CENT.
- FIRST MORTGAGE BONDS Of the CHESTER
VALLEY RAILROAD COMPANY, CONNERrtBLE
ill 1862 into an g per Cent PREFERRED STOCh--I The
Chester Valley Rar al extends from lis intersection with
the Phisde pha and Norsown and the ReAding Railroads
st NOnisiown az miles from PhilsdelphAl through the
Great Valley" OF Chester County - miles 70 po"E a
ton the Columbia RailToaf distance OF 81 miles nom
This Rsrosd was commencedin 1884, and Eight Hundred
ander the usIe ofthe Nor istowa sad Valley Railroad
but having enough complete II tbs monetary
crisis Of thai year compel ed It's end 70 stop the WORK snd
that stuston the time allowed b. the charter lr is com
petion expired In 1884, the Chester alley Railroad Com
pany chartered providing for the OF he
debts and stocks Of old Company, in such proportions
that what actually than $4,000 without the addi
ton ofneres represented by stock of6Ooooo Tree
from all membranes
Such the confidence of the Stockholders in tbs earnings
Of the Roao that they have obtained from the Legislature
the authority s50oO0 of twenty Seven pc.
cent Mortgage Bonds which convertible AZ any time
into an EIGHT PER CENT PREFERRED STOCK;
which stock entitled to eight per cent
dividend before the other stock shall receive any.
To secure the payment othe Bonds and the interest there
on the Corporation have issued Mortgage OF all theu rights
propeJ and franchises acquired and 70 Be acquired TO Saep
herd Knapp Alfred c. Frszer. and Daniel Miller OF the
city OF New YORK; Trustees with all the usual and proper
Eusrtntees that the aya OF the Bonds shall be expended
In the completion ofthe Road TIE Interest 10 payable
annually and the principal at maturity IN The ely OF
New York Tine Co poraton have contracted with Massrs
Struug Bradley CT Vermont for the entire 3eton OF
said Road ready the running Of the BY the rst oay
~ December next the contractors have entered the
ygorcus prosecution of their They have purchased
the iron rails chairs spikes and teI; AID having large
force OF every ihed portion OF the RlA here
ia doubt from the character OF the WORK 10 be done Aa
will be completed within the specified time
That the Chester alley Railroad not only 70 be good
security the Bonds issued bat 70 be good invest
ment for the stockholders 81 careful lnyesuzlt9o oil ls
will satisfy every candid person. IL most fuy ana
perfectly accommodates the chet pa,t OF MOatgo merry
County, and the gest part Of County Of the
richest and most productive mineral and agrculIa regions
Of Pennsy with marketing ticites ana ssS
maize that beautiful valley one entire market garden ot zoe
1000 oirhabans OF Phi adepha Chester Comfy coualus
population Of 6otCO an aea OF $4,000 acres WIN an
sed value Of co., or nearly 40 average oil 81 per
acre and $3.50 for each soul for the entire couny The
average value OF the lands the ne Of the Road not less
s mineral resources are scarcely second It's agricultural
wealth The route u Road abounds In quares OF mar
bic and limestone and IN bees OF non ore GGh OF he
marble Ia the uctiOn OF the Gtrard College III
ted Bank and other public buildings OF the city was
quaed tie line Of this Road and It believed hAt the
compile Of the Road will ATTY Increase the demand TOR
these marbles for Architectural purposes as it VIII make
them the che they admitted to be the ost
and most beautiful OF building stOns large quantity OF
anthracite coal consumed along the line OF this Road
and upon the Columbia ROsd and in the valley OF the Hrau
DIVINE for manufacturing purposes burning lime and DO
nestle which u nov either naied IN wagons across
hom the SehuykfN Va ley brought around BY the Reif-
ing and Columbia Isilrod through the City OF Phla1el,
phia, additional distance OF % miles rms article must
Immediately its completion pass over the Chester iey
Railroad reduced charges aud in greatly ncssaled
quantities; snd It is estimated that Il VIII amount IN the
fret wear 10 100 tuus.
In zoe on 70 eli tie local business Of the route, the Road
~e Is 70 ps an over he Psnosyvens Central and the
suntury and Erie" Railroad the former running through
Pusburgh and Wheeling aud extending onward oy vd'Ols
routes 70 Cincinnati and Louis aud the other striking
Lake Erie The town Of Ere, less distance from New
York City than by way Of the Erie Rroad.
Although The Central Rod yet incomplete such was TIE
press business upon during the present spring thai a.
ComuAny was compelled T. refuse large amount Of elet
offering When eli rs connection shall completed tne
freight and travel West viii be- fully eJrt o tae capacity
both OF the Coumbi add Chester Valley Rords The Ch's-
ter Valley in c1nntcOn with the Philadelphia end Norris
town and the Reacn1 Roads will become much the most
convenient entrauce into and outlet from the city a
these Roads the locomotive 70 the Delaware River and
to the Camden and Amooy Ra,lr I'D
The importance OF having outlets from the city Tor the
Western trade, 20 avoid The conion and r.
rupton resulting from too great an accumulation oi reg u
and passfr depot viii be readily understood IL
ter the night TO purchase the Road (the columbia al
being State work npon the payment OF the cost Vi hs
Roan with eight per cent interest upon such sum- 49,
The Of freight and travel to and ON me y" est
will be vastly increased by the construction Of the Sun)lY
and Erie Railroad To all this business the Chester Naey
Road must form the proper outlet as has more convent
emf entrance the city and the r!ver route io 10 "
town 20 Philadelphia, follows the natural route Tor ral
- 5 ayois the heavy rrsde which have proved sach
serious obstacles TO business Of the Cola7i Railroad
Another very important fact IN favor Of me Cne aiy
Railroad is that this merchandise from We" OK an
the North sent 10 PHILADELPHIA 70 be transported over the
Cepa Road orW arded without the cost ld ncon
venience OF draysge through the city, Inc Feasy .4h1
NewYolk az one OF s 70 the West - Il hI Dc
the shortest aud consequently the cheapest The aese
Valley Railroad will otter just the iacles necessary u"
Ter careful estimate made by those most scqq,insd
local business OF Chcstef a4cg' a"u N.-+S-i
eved TO be perfectly reliable, makes an aggregate "a 40
come uf................... - -
Deduct 10 per cent OF above for expenses ''
Leaves net income Of. .........sI 2550
7per cent interest Bonds (s5Oe
Lesving .............S5 jI.J 30
which sufficient TO pay per cent dividends upon the
capital stock t$6co,O0)
ms estimate is based upon the local business alone
When 20 added proper proportion ot the stream OF
Wegera tratic-already immense, and aasteAt-g a-i.J
thrs road gives assurance 20 the Stockholders OF large 0'
eCnds. ,...,.
FIJI authority is given issue these bonds and 20 In2ts
th, convertible into the per cent preieried sI)c aud
create mortgage % secure them 50 tbs. "a, security 10 al
respects Is legal will be BY reierence 70 the 2pnOa
OF Messfs. VIM 4. Porter ard VIM haSie' "sH'AHO"H
lawyers Of Philadelphia- .,,.t =.
Bv reference 20 the previous statement Il VII sppeaI tht
property coslng sll000OO. Il mgtzageo t1f S1vv la
that estimated earnnsS are put q - "a
largely exceeding tbs PEI cen, tl Asr yo4R rs Pia
PhiseelPbia. May % Ie52
References IS 70 these bonds Be made 70 Sn-pncrd
Kuspp Alfred : Fraser or Daniel 5 Miller, Nes'lofS
SC00 VI the Bonds have been sold iof ne oA Oh ''
eisn account al for investment .,.,, 400 Ill, -,
sealed ursposals for the remaining SLOW Wi te re-
eeiysd Al lie ofHee Of ). A UNDERWOOD son NJ. -
Merchants Exchange, ulti 0eloeA' On tHs ON dI o
PAYMENT will he required 20 per cent notice Of &c
eepsuce of tie bid s. per the 5th Of July, aud
The balance on the l6h Of August fall payment BE-
sde Accrued interest 70 the Gay u sale Viii be
n 10 he puchasrr Bidders invited 10 b. present.
t5s oterils q the bids. J A UNDERWOOD son.
GALE of $50 THOUSAND DOLLARS
y SEVEN PER CENT MORTGAGE and CONVERT.
iBIE BONDS Of the EVANSVILLE and ILLINOIS
RAILROAD COMPANY-THE EVANSVILLE and IL
LIMOS RAILROAD, commencing At The city Of EyAn5-
Vile Indiana tie Ohio River, extends up tn WAbah
Valley and will connect more or les8 directly With I'll