New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-28

inhabitants OF Phi sdslphs Chester County contains
ePoPoisnon OF bloooj an Sea Of $4,000 acres, with
sere and t6o for each soul Tor hs entire county The
syrse value Of the lanes the line Of the Road NOT le
wealth The route Of the ROsd abound. qusrs, Of
be and limestone snd in bees Of iron Much Of the
marble used n the uctOn Of the Grud Col-ze Uni
ted States Bank and other public buildings Of the city,
qusred on the line Of this Road and i believed that the
OF the load Will sreaty increase the demand for
these marbles for architectural purposes il viii make
them the cheapest they admitted be the bsss
and most beautiful OF building sous large quantity Of
anthracite coal Is now Consumed .o1s the line mi, Rad
and upon the Columbia Road and 10 the valley Of the Bran
dypine for manufacturing purposes bum ing lime .nd DO
nestle which Il either hauled
from tb. Sohuy kill Valley, brought around by Rssd
Ing and COlumbs Railroad through the City Of Phiadel
phia additional distance Of IS miles This article must
Immediately its completion pass the Chester Valley
Railroad at much reduced charges and in greatly Increased
quantities. and II Il estimated that il will snount In the
frat year IN loo. o. o tuns.
In ADDITION all the local business Of the route II. Road
must become an important avenue for the immense business
"Sunhuy and Erie Railroad the former running through
routes TO Cine nna and 81 Louis and the other striking
Lake Erie at the Of Erie les distance from New
York City than BY way Of tn. Erie Railroad
Although the Central Road yet incomplete such was the
press Of business upon during the present spring that the
Company compelled TO refuse arge amount Of freight
Offering When all its connections shall be completed the
freight and travel West viii be fully equal 10 the capacity
both Of the Coumbs and Chester Valley Roads The Chss
ter Valley In connection with the Philadepha snd Norris
town and the Readint Roads will become much the
convenient into and outlet from the city over
these Roads the locomotive the Delaware River and
10 the Camden and Amboy RailrC I'D
Theimposnee Of having two outlets from the city for the
Westerr trace TO avoid the confusion and
upton resulting from too accumulation OF freight
and Passengers At depot will be readily understood IL
was for this that the Legssure reserved In the char
ter the ght TO purchase the Road THE Columbia Road
being State work. upon the payment Of the cost Of the
Road, with eiGht per cent interest upon such sum.
The OF freight and travel 70 and from the West
will be vastly By the Of Sunbury
and Erie Railroad To al this business the Chester Valley
fhar
ent entrance into the city and the from Do Enng
town to Philadelphia follows the natural route for rail-
road and avoids the heavy grades which have proved such
serious obstacles the business Of the Columbia Railroad
Another very important fact in favor Of the Chester Valley
Railroad is that this merchandise from New York and
the North sent to Philadelphia TO be transported over the
Genital Road be forw srded without and ncon
Senienee Of drayass through the city The Pennsylvania
NewYork one Of its avenues 70 the West, will be
the shortest andEconsequeny the cheapest The Chester
Valley Railroad viii offer Just the facilities Necessary Tor
this trade.
very careful estimate. made BY those .cqusinted
with the local business Of Chester Valley and which il be-
eved TO be perfectly reliable makes aggregate annual in
come OF Sl Do
Leaves net income Of .........s72S5O
7per cent interest on Bonds, (s5Os oOO
Leaving .,;:..;..;.. $50
which sufficient to pay per cent dividends upon the
This estimate is based upon the local business alone
Whsn 70 II added proper proportion OF the stream OF
this road gives assurance To the Stockholders Of large d
dends
Full authority given to issue these bonds and to make
them convertible into the per preferred stock and
mortgage TO them that the security in all
respects legal will be by reference the opinion
Of Messrs VIM. A. Porter and VIM. Rawle well-known
lawyers Of Philadelphia.
BY reference TO the previous statement will appear that
property costing 81 100 00O is mortgaged for 500 COO and
that the estimated net earnings S $50 amount
largely exceeding the pei cent interest the bonds agreed
TO be Issued. VIM L. MORRIS, President
Philadelphia, May n, 1852
References to these bonds be made to Shepherd
Knapp, Alfred S. Fraser, Daniel S. Miller Nev-YOrk
$3.50 600 Of the Bonds have been sold for the Iron for
egn account ard for investment
Sealed proposals for the remaining $3.50 900 will be
ceived at the Office OF j. A UNDERWOOD SON, No. 2
Merchants Exchange, until o'clock the 18th day Of
June inst.
Payment will be required 90 per cent. notice OF sc-
cepance Of the bid so per cen the 18th OF July and
the balance the 10th OF August full payment may be
made Accrued interest 10 the day OF sale will DO
gven TO purchaser Bidders invited TO be present at
the opening Of the bids JA.UNDERWOOD SON.