New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-03
$40. 81 gl W., 500 80

ne
,ner.s sll7 sos; Balance s6,7327s4 ,,,.
W. tam a fact highly imp irttut 10 our Pnh'hsiphs
friends "a vel as TO this City that the grading aud ondZg
of the sunbury and Erie Railroad has been all put un
ds, contract and that this great work will BE- Immediately
aried forward 20 completion. This Road IS very I'm
,oy.ant one as 10 connection with the Ctta"issa ahl
Tv;msnort II opens another great route 10 the West
hicb nropi ,es 10 divide the East sad West traf
So ,;b the other routes BY the jersey Central it also
80 New York new connection with the West aud
lines large district Of country into railroad connection
Nth New York which has now no raj road facilities
M Draper advertises for sale at auction wednesday
next tbe 9Th June 100000 per cent Convertible BONDS
of tbe Columbus Pqus and Indiana Railroad, OF Ohio be-
inc the balance Of OOO secured by first mortgage on
,be propey and franchises Of the Company and issued for
the purchase Of the for the road These bonds are in
s NJ a 900 each they mature in 1902 and bear cou-
Mons for semi annual interest payable at the Ohio Life and
TINS, Company in this City This railroad extends from
Cmtus the capital OF Ohio lt2 miles Ito Union
on the Indiana State line where it connects with the Belle
Cntsne and indianapolis Railroad placing it in fail com
municaton with all the railroads branching from Indi'nsp
os 10 the Ohio and Mississippi Rivers At Columbus It
;ons with the Ohio Central and the S;eubenve and Ia
diana Railroads which through Wheeling and Pittsburgh
connect with the main railways Baltimore and Phlsdel
mia The attention Of capitalists called to the annexed
at4ent of NJ Mitchell Esq, the President OF the road,
in regard to its position and prospects
The Columbus, Pqus and Indiana Railroad Company
was by the Legislature of Ohio Feb o. isi,
with a capital of 100000; organized in February $780,
and comrner ced operations in the June following
The Charter authorizes the Company to construct road
from Columbus the capital of Ohio to the west line of the
State being miles making Urbana and Piqua points on
the line 1t also coners authority to make appropriations
Of land for road way dep0ts machine shops water stations
sdetracks, &c.
make loans execute bonds or other evidences OF debt
and to mortgage laid road with its equipments and fix
/ fort ha itV al
At lis eastern terminus II connects with the Cincinnati
roads in successful operation also with the Seu0envle
and Indiana and Central Ohio Railroads leading TO the
CITY of Philadelphia via Pittsburgh and Wheeling by the
! PENNSYLVANIA and Hempfeld Railroads
The Mad River and and Lake Enc knroad ,n,ersects
the lima at rbana and the City of Piqua it is interseo
ed Inv the Miami and Erie Canal and the Dayton and Mich
igan and Eaton and Pqus Railroads in process Of con
sruction TO that point The Ind annapolis ana beeon
tame Railroad 10 operation meets the ne at Its west
| ern terminus and continues il to lndianapois
To this point the Terre Haute and indianapolis Road
which is also finished extends Active measures are being
taken complete the important link between Ierrs hau'e
and st Louis - A., o.. I'LL,
and Indiana Roads which continue the Penusyvana line
ON central route through Ohio TO its capital will II Is be
leved attain completion in the coming year These last
roads opening the only direct eastern outlet for the travel
between Columbus and Pittsburgh constitute important
eastern connections with the Columbus Pqus and Indiana
Railroad The Central Ohio Railroad, extending from Co
lumbus TO Wheeling is also an important connection 10
this line in conducting its travel 10 Phiapelphla VIA
the Hempfeld and ennsylvania, or 10 Baltimore ana
Washington (itV, the Baltimore ana ONO halrOa1
Fry nine miles Of the Central Road being that part be-
| tween Columbus and GAINESVILLE, Is now running
All the lines leading from Philadelphia to s. Louis by
/ wav Of Steubenvie Columbus, Pqua and Union have
The Pennsylvania gauge Of feet ~ inches The through
Lusine, Of this great trunk line will thereby be greatly IA
oiiAied by the transport of freight over without trans
shipment
Arrangements have already been entered into by several
of the Companies controlling different portions OF this line
t consolidate their business and doubt Is entertained
that IS the connections are made through ckes
sind freight bills will be given between Philadelphia ana o.
Louis.
gauge IN business and will be constructed upon scale
Commensurate with their Importance as msin avenue for
the transportation OF persons and properly Inc geo,
raphca position of this chain OF roads with lis unrvaed
connection drecness aud shoTneSs route such as 10
command greater amount ofwsy and through traffic than
spy other trsversng the country east and west The dis
tsHos between Columbus and Indianapolis is s5 miles and
mens have been entered into by the officers con
trolling these lines 20 two daily express trains each way
between these cities making the oF tue purposes
of business Joint road
Few roads 10 the west owing to the character Of the
country through which is located win be constructed 81
o low cost aud contain many characteristics OF hrs
class road The entire cost including dep6ts and and al
pece, ssry equipments for the first years bus Will not
sxceed sl 100000 The entire line in the hands OF ell
n, and the heavy esrth work and masonry
AR finished or nearly so Three of the principal bridge
sre up the mbers on the ground Tor tn others Inc
eastern division Il 10 miles, connecting the Mad RiveI
and Lake Ere Railroad with the roads terminating a
Columbus nearly finished ready Tor the ties and the
bsasng and rails being laid on that division, which
| Is
The other Is miles constituting the middle and western
DIVISIONS sre 50 far advanced give that the
whole viii be completed ready for the iron by May next
-Four thousand tive hundred uns Of rails we're purcaSs
In December 1853 az - 3d. free On board IN W l4s
onalSf paid in the BONDS OF the Company az pafi Sli
foett lay down the eastern division Of a. miles The
residue of the rails ten Locomotives and ears Of every
sufficient for the first year sbusness aHt crs
and spkes for the whole line have been purchased and
are in course q delivery. -
The exhibit of this Company shows basis II 500, oo
INSIDE up as follows: Stock taken by Corporations sso'0
stock taken by individuals s6ss 5o0 in RsA Estate
sl0QOeO The COMPANY issue1 in January ls5s, -S09
frs, Mortgage bonds, which have al been sod an tnt
prccseos applied 70 TIE payment Of The rails locomotives
e. second issre Of Sioeooo0 made By 81 order
ho Bosrd or the : Il January is53 These bond, oei
interest at = cent, PAYABLE semi annually n Neg TX
srd are convertible occurred by mortgage 10 Georg
| c. Esq Of New York In tusf for the holders Ihl
vact r,vers the entire line ~ lo2 miles ~ road
IN ~ n tie usual iurn Ano l. oaly r
eoroed al S made for the purpose o.; FINISHING i1Ensa
w "a - Il BE through business which this road mus
f~fso finished some IDEA 81 lts local traffic ma y
formed ION statement taken Eon TIE autso' Ieisf
s. ~ tie number # acres All some o. 'ArE plV,~s =
81 ls through which L locSier and such A. VII BE- u
tributaries These Counties Coua'n a915>l acres p-o
dueng in 1850 40s50O0 bushels Of wheEi and los9oo0
bushels Of corn and other grain containing oa.n
lSsllS Considering the important position cccas-a o
this link in the chain with is important connections
each end wei az different points along The lHe ~
important cross lines came; a to do avery large oc'
! business
The Company feel every confidence % the large an
profitable basneSs Of their road and entertain no GoGo
Judging from the successful experience Of other roads
opfrafon in the IVES, with fewer xdyania res that this lin
pue 10 It's stockholders from its first years business Of
q cent SftsI deducing current expenses.
The lvsnia has made atemporay loa
s7oo 600 with the Philadelphia Banks The loan Is for on
year and bears six per cent The money is 20 be apple
70 he North Branch Caps to the Mountain Division