New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-03
Sale of Seven Per Cent Prst Mortgage Convertible Bonds
OF the
JUNCTION RAILROAD, in OHIO

al This Company offer for sale FOUR HUNDRED AND
FIFTY THOUSAND DOLLARS SEVEN rER CENT.
FIRST MORTGAGE BONDS, due lst Of April 1867, with
Interest Coupons attached due April and October principal
and interest in New York and convertible into Socs
4, any tin before maturity Of the Bonds
The Junc Railroad begins al Cleveland and following
the Lae shore closely through 5and SKY 70 P0 Gin
ton-Vbence il will connect with the southern M;hisan
Road at Toledo and will extend by Perysburs and Maaee
CITY through Williams COUNTY 70 the west line Of Ohio,
toward Port Wsyn--the whole distance OF the ro,d Win
branches will be 23 miles The distance from Toledo "
Dunkirk BY this al 10 the shortest pcsslDle. -
For the purpose construction the road has been DIVIDED
three sections The first extends from cleveland o.
miles 10 point little west of Sandussy; the seoond %
miles in lepfth will ach beyond the Maum River; me
remainder OF the line constitutes The third section
The FIST section pa through fertile and vel setuso
country and over very level surface following the LAKE
shore nearly possible. This BY Tar the ost eAPen
part Of the road By reason of crossing tbs se.af
The engineers estimate OF costs is S460 per mile tnt
whole under contract prices within the esTstes the
purcha.ed-pst Of the road r aoy for snpersInetue
expected to open this section OF the road not I4eI . s
erst OF January next II will into use an ex
tension OF the Mad River md Lake Erie Railroad 70 Ceve-
land that Company having agreed 10 provide the
machinery The estimated cost of the Eastern section 10
tss5,6C0. 10000
stock subscribed and paid in. $4,000
Stock paid to contractors ..........'.'''' 1880
Bonds issuing. .....> fooVoV ,o,E ooa
These s45or0O Bonds now offered for sale secured
by first and only mortgage the first section Of the Roaf-
extending from Cleveland and >anduss 90 miles Inc
tees of thus mortgage are GEORGE > COE ANlht >
MILLER Of New York, and EBENEkER LANE, OF SAN
dusky, Ohio. III -, ,o,.
ssndnsLy 10 point little eyond the Iaumee River and
will include the stations Toledo and Naumee This part
of the line s pea-ly dead -ve The engineers estimate
Of this section Of 5 miles 10 So 1872 per mile The ubscnP
tons applicable this division exceed $lIon ana IN re
are expected An offer has bean received from resPonos
execute this work and receive payment rom
within the power OF the Company tne accep
lance Of This offer is suspended In the hope that better terms
can be obtsined . NJ,
The Wesern or third section including branch in VII
hams County ~ney miles in lsngh. No survey bas been
made but from Sufficient examinations the eusineer esq
mates that Of division, except IRON VIII
not xceed S. G0o per mile subscription OF slVeV mas
ady been obtained and larger additional sum conn.,
IDENTIFY expected.
tended to connect and into continuous line the teml
mating citations OF SIX different railways, vz-Inree a. 20
pbus THE Cleveland Painsvllle and As abula Railroad
Company the Cleveland and Pittsburgh RalI ad Company,
and the Cleveland Columbus and Cincinnati Railroad Com
I've at sandusy he MAG Sv "na ana ssn51sSy CS
Railroad Company and at Toledo 1.-THE Southern Mic-
gan Railroad Company
railroad connecting the principal stations Of 80 many i'm.
portani routes and forming necessary link OF tue great
channel of communication between the East and west
would seem TO leave 70 dstrst the productive
character Of the stock Besides large local traffic IL VIA
eujoy immense travel and freight passing from New OH
syer the Ere Ra ad Dunkrk Ere Cleveland TO Toledo
and thence over the Michigan southern and Northe n,
Indiana Railroad TO Chicago Some judgment Of tue probable
value of this series of Railways be formed from the TACT
that the stock the half finished road between Cleveland
Erie is already above and that OF the Southern
Michigan is daily seir from lib 10 ll9.
Sead proposals for any amount OF these bonds not less
than $1,000 will be received until SATURDAY. the nm
Messrs DE LAUNAY, ISELIN CLARKE, No 6S Wall
& ard Endorsed Proposals for Junction RAILROAD Bonds
Twenty per cent of the purchase 10 be paid on
ceptr the bd-the remainder equal monthly nstanents
Of twenty each The takers OF the Bond to be at
liberty pay any time in full Interest the Bonds to
The above S4OOOO Bonds will be sold absolutely to the
highest bidder.
10 these securities be had BY application to
DE LAUNAY, ISELIN CLARKE, No. 60 Wsllst