New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-14
CIMEON DRAPER WILL SELL by auc
~ Nil. - II. "

SIMEON DRAPER WILL SELL by auc
- ZION, on FRIDAY, March 10, at III z. NJ, at the Me
$500 OF the First Mortgage Convertible Bonds OF the
WELLSVlLLE COAL and LAND COMPANY, due in
OF per cent per annu payable lat January and s July
This the unsOd balance OF issue of 500 geo of Bonds
the proceeds Of which are TO be applied TO improve the
The Welsvlle Coal and Lend Company Organized un-
der the General law OF the State OF Ohio with capital Of
goo 00o in four thousand shares OF $50 each own yaua
lst Nearlys mile Of the Ohio River frontage 10 Wells
Vile giving monopoly of the landing in the town. The
wharfage good with deep water close up the shore
The railroad track the whole frontage
and theiytwo dep6ts are located here
ID. One hundred Of prime lands surrounding the
village OF Wellsvile, OF character requiring little
expense to lit il for house foundations and adodns good
material for uiidng either IN stone or brick
3d. One hundred OF land adjoining the above and
extending up the gentle activity which shuts Welsye
valuable quarres OF stone, OF potters and Ore clay no
extensively used for various kinds OF earthenware and
above ell immense deposits Of bituminous coal
upon BY Prof Twining IN his reports. as assins IN quail
Pittsburgh and Western Indiana There are two wide
tended beds on the Company property both Of good quail
ty but Of varied excellence The veins OF convenient
working thickness and all crop out At the hill side drann,
themselves and sordng every advantage that could be wish
ed for convenience for working and running the coal down
10 the railroad d2p6ts and 10 the steamboat wharyes which
nowhere than hall mile stant the mouth
the p The superficial veiD OF four and halt % sax feet
thick acknowledged to be the best coal available for the
bituIninous hard Jumps veIy tree from iron and sulphur
and s quality makes st after with aydty by the Ohio
steamers
WeIsvle occupies the commanding point on the grea,
North bend Of the Ohio, where this river approaches
est 20 the Northern lakes.
glance the map will show that corresponding happy
nfexon Of South shore Of Lake Enc bro the
boat Cleveland the Otto Wells-
Vile the latter unryaed advantages carrying
the trade between Pennsyyana and the seaboad and
the North and North western lake district.
The Cleveland and Pittsburgh Railroad which has recent
y into successfu operation selected Welsyle 10
Southern terminus The length Of this road only 80 miles
and affords the favorable channel for supplying tho
lakes with coal from the Companys The village Of
Wellsye is pleasantly lad out terrsce Of river bot
anGs elevated above the highest foods Of the Ohio
and ply supplied with pure The eavrons ara
beautiful the surrounding country healthy and fertile, and
Inhabited by industrious farming population Prov-
sloLs abundant and cheap and the location 20 miles
from Wheeling and a rom Pittsburgh, offers unusual
manufacturers about establishing Themselves
The Company deliver their coal at Cleyeland for le
than % per tun The prices commands there range
- 10 - and there a ample margin for profit what
they furnish al the PIT mouth for steamboat Manufacturing
and domestic ooDsumptiOn.
To enable them the coal veins more th,roush
iy ~ down their aracks from the wharyes aud rail-
read dspjs 10 the mines and % work
Cleveland coal traffic and also ~ Improve the whaes and
landing the Welsyle Company into the market
for can. They otter most ample ard undoubted security
and they further extend 70 the purchasers Of the Bonds the
privilege OF converting them any before LIST January
1889 INTO Comp stock References SLOWED 10 John
v. Ciarks, j. L. White, V. w. Graham, and A. w flint
Newly OTk the aactoneer where further particulars
can be had. JOHN w. ROBERTSON, President