New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-12
s. DRAPER, Aucr1oneer.
nEREMPTORY SALE of f i r S IN

MORTGAGE BONDS of the BUFFALO, CORN
win offer for sale through SIMEON DRAPER, the ISB
day of May II O'clock at the Merchants Exchange,
in the City Ct HewYork 100000 of their First Mortgage
Bonds payable in 1867 with per cent interest able
semi-a annually the Bank Of Commerce In New York
These Bonds part of million authorized TO be
cured by first mortgage the entire road and its fran
chises BY deed Of trust TO John A. Stevens James
vertibe into the stock Of the Company at at any time
within FIVE years from their date
The road extends from Corning. on the Ee
Railroad the City Of Buffalo, distance Of ia S-lW
miles and will when completed form, In connectisn Win
the New-York Enc Railroad OF the most important
and direct thoroughfares between the Cities OF Newfs
and Buffalo and the Far West and viii connect at Comin,
with the Corning Bosburgh Railroad now being re-ise
with rail which extends the rich iron. coal and lumber
regions Of Pennsylvania
On diverging from the New-York Erie Railroad this
road passes up the ch and fertile valley Of the Conhoctop
River 70 near source, the northery line Of Seuben
County distance of about foyve mies-Psssins through
the village of Coopers Plains Campbell, Savona Bath,
Kennedyvie Avoca, Liberty Corners Conhocton and Way
11S It eoss the enses Rye and Caledonia IN
Livingston County, and through lie Roy ana Stafford 70 pa
ava Genesee County. This part Of the line for nearly
Its whole length through one OF the richest ana mos
productive portions of our State:
From Batavia the line of the road passes westerly IN
The cars are now running on IS miles of the road
from Corning and expected to have the rails LAID oy the
3Oth inst for twenty miles further when the Will run
IS miles The road s under contract to Batavia and IL
designed that the will be running over The whole roas
The mortgage provides that only $4,000 OF Bonds
row be Issued and the balance consecutive portions Of
nosd eae completed When the whole Of said Bonds shall
be issued the OF incumbranoe said road will be
something less than 81 500 per mile The amount OF the
600 will constitute incumbrance equal 70
S. $50 per mile upon the ftysix miles of the road which
nearly completed being less than the value OF the
iron and land.
By this arrangement 1t Ia believed that the bondhoden
will be made beyond possibility Of doubt the prop
ey of the Company being at all times amply sufficient to
Indemnify them against any loss
Twenty per cent on the day of sale.
Ten per cent on the lst Of June. -
Ten per cent the LIST of each month following until the
whole is paid.
Interest will be allowed at the rate Of per cent
mum all payments made in advance
The following gentlemen compose the Beard Oh Drecton
Of the Company:
JOHN MAGE, Bath; j. D. WApsWoRTH oeneseoj
CoNsTANT Cook Bath; ORvILLE CoNsrocR, Avon;
ORsoN PHELPS Buffalo; JOHN A. G. GRAY, N. Y;
T6os J. DUDLEY Buffalo; DANIEL CURrIss Campbell;
VIM J. MILLER Buffalo; THos Brown, Caledonia
MILES p. LAMsoN, Re Roy; TRuhBuLL CARY, Batavia
ANDREW b. DIcKfssos, Hornby.
Pamphlets with map showing the route OF the road and
containing full particulars with copy of the mortgage and
bonds be had application to either OF the Dector
Orof (5) s. DRAPER, cor. Pine and William-sts.