New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-06
TRUSTEES sALEof RAILROAD srocy

TVRuSTEES' SALE Of RAILROAD roex
Il and BONDS SIMEON DRAPER viii -si, :, -
on WEDNESDAY the sih OF December, at "a. ocloef -
the Merchants E1ss1pse re c:lSwag securities
$50 shares Rochester and Syracuse Rairosd Co. toossA
200 shares Syracuse and Urics RAILROAD Co slceess
go shares Buffalo and State Line Railroad Co e,oe -,
Ioo shares Utica and Schenectady RAilsoa Co Slsc -
:oo shares Utica end Schenectady RAiosd Co se.ie
Ioo shares Erie and kalamazoo Railrrosd Co ssosaA
zee shares Northern lnd;4ra Rsilrosd Co, 500 essA
roc slsrss Southern Nichigcr f1foa Co. Sinf AK
81 sbans 5. NAL steamship Laws Line. sies es-A
shares Pacific Mail Steamship Co, 81 leo each.
lol shsres Union Feny, Co, SIG each
rs sher,s Nsw.York 4 Ere Railroad Co, 400 ssek
RAILROAD BONDS.
Saoeto Buffalo and State Line lst Mortgage 7psr coat
S5ccO Buffalo ard State Line Income per cent. pesas
SSStC0 Vermont Valley Isl Mortgage per cent Foods
Is Pacific Mail Steamship Co.'S Bonds sl~e each.
5000 First Mortgage. per cent; Bonds Of the osc
rsi, Hamilton Dayton Railroad
$500 Ers, MORTGAGE, per cent; Bonds, Lsayesn ssd
Indianapolis Railroad
DEREMPTORY SALE of RAILROAD
4 BOND>.-THE BUFFALO,, CORNING and NEw.
th 9 SIMEON baAPRS, On wEDsE s 6ss Is
at 2k ocock the Merchants Exchange, s 200 Of their
first Nor ssse Bonds These Boads aefs eco each and
mature Isl April 1861 They bear coupons Cor interest a, ne
rate 81 y cent per annum due the let April ana is.
October at the Bank OF Commerce IN this city They go
secur.d by the first and only Mortgage their wGolc Rad
sud frarchises, made 60 John A. Stevens James r.
sgranslan snd John A c. Gray Trustees aud ans con-
vrrtbe 40 tie option Of the holder into the Capital Stock
OF tho Company, any time before 1881 The MosteAss
provides FOR an issp N all OF slotoooo OF Bonds peel
tied lots consecutive to-ens OF the ROAD are terown
Sl5oeoo now % Se Disposed Of and the balases -
not b. cerd til summer aer tue other poitioas
of the work completed.
TIE road ROY, lnshed and running TO Coreseos die
tsnce Of 81 miles art graded nearly Il miles fslar 80
Batavia The iron purobGss ans paid FOR oy ths pSols
dsaroe. When, in Nay las, $4,000 OF tie Bonds 81 his
Company offered o. auction abe eastern section 81 the
FORD bad only inst beyn put m operation, and az snseg
O; its earnings merely coniccturaL TIE b.ya
been running since Nay, average, about 30 ales
and tie net earnings are egna 70 tniy 10 cent IN the
entire cost offhe Whee 81 mile scon completed A
vet only the wey traffic has contributed 10 the recep.s,
which Lave BE-, constantly increasing and the Deeiors
Gntcipatc with weii-gornded confidence, continued
ausnentstion from the new channels OF ttaihc they
now opening IL believed that the recepts now escseS
those Of any other section OF unfinished raoed u hs
State OF similar length, and 50 short time IN opefanea
The whole work under contract 20 Buffalo where lc
cation is secured for Depot buildings aud the Directors feel
entire confidence IN saving tat the cars VIII run ov the
whole road by next July. The length OF the line NON
Corning Buffalo 49, miles It's grading nasonry and
bridging are of the best character; tho Depot budnss
and substantial ana the entire WORK VIII compare "a
vofaby with any other in the county los rails are ne
the connecting link between the Erie Railroad at Corang
ard the Great Lakes az Buffalo. The Buffalo aud haot
ford Road is Of the broad gauge and viii continue
this chsnne, Of railroad eommnncat on 10 Deuot ana "
fao Corning and Ncwfork Road runs Is the most pr.
ducvc in the Wesien part Of TINS state and affords Local
traffic sufficient maintain and pay good dividends on tho
cost the road audhe Directors count with condolences ons
fir share OF the great thuug travel In addition The erac
ter of Bonds offered is such that the Directors can
say with sincerity that they are equal TO any arosd 70
the road now running being sufficient 70 make ceEn the
payment OF principal and interest on the whole amonM OF
Bonds the Company Is suthonIsd 20 issue, mus picin
greatly TO their real value as am investment.