New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-17
SIMEoN DRAPER WILL SELL by auc

- ton; on FRIDAY, Mach 10, at III P NJ, at the BE
SsOctO OF the First Mortgage Convertible Bnds OF be
WELLSVlLLE COAL and LAND COMPANY due in
NewYork 1853 and bearing coupons for interest at the ate
OF per cent per annum payable st January aud LIST July
This Is the unsod balance Of issue Of S0 Of Bends
the proceeds OF which TO be applied to improve tho
The Welsyille Coal and Land Company orsaaized IN.
der the General law Of the State Of Ohio with caua Of
$4,000 IN four thousand shares Of $50 each own yaus
bic real estate comprising:
let Nearly mile of the Ohio River frontage Ia Wel,
vile, giving monopoly Of the landing in the town The
wharfage Is good with deep water close up the shore
The railroad track along the whole Of this frontags
and tbeirtwo deP6ts are located here.
village of Wesyille of character requiring little or no
expense to t foT house foundations and aordins sood
Sd. One hundred OF land adjoining the above ana
extending up the gentle activity which shuts in Weyie
the north This land covered with OAK timber and hax
valuable quares Of stone of potters and fire clay nov
extensively used for various kinds Of earhenxue and
above all, immense deposits Of bituminous coal.
This is the renowned Yellow Creek Coal specially det
upon by Prof. Twining in his reports passing quail
M and convenience Of access all the coal yeins between
tended beds On the Company property both OF FOOD nall
IT, but u varied excellence The veins are of con veept
themselves and afford ngeyey advantage that could be ,sa
cd or for working and running the down
TO the railroad dep6s and the steamboat whyes which
are nowhere more than half mile distant from the mouth oi
the PIT The superficial vein Of osT and half b ar feet
thick 70 be the best coal available for tho
market CT Cleveland and The Lakes II got out IN bright
otgmnous hard Jumps very free from IRON and sulo6ur
steamers. - ~
Wellsye occupies the commanding point on the treat
North bend OF the Ohio where this river approaches near
est 70 the Northern axes.
glance at the map will show that corresponding happy
nheIion OF the South shore OF Lake Ere brings
boat navigation Cleveland near 70 the OIio 81 Wells.
Fe a 70 give the latter unTyeed advantages carrying
on ne trade between Pennsylvania and the leabosi snd
the North and North western lake difrict.
The Cleveland aud Pittsburgh Rsilrsad which has
gone INTO successful operation, selected Welsyie
OBSERVATION-DISCLOSURES The length Of his road only B miles
ana AFFORDS the most favorable channel for supplying the
axes with coal from the Companys mines The village u
Weiyhle u pleasantly laid out Of riysr bot
ton anos elevated above the highest foods Of the Ohio
ana amply supplied with pure The envyons srs
eeeriu the surrounding country healthy and fertile and
nlnhaolted BY an industrious taTru population Proyi
sons sre abundant and cheap, and the location 10 miles
from Wheeling ard a from Pittsburgh offers u1usua al.
vaAages 70 manufacturers about establishing Themselves
The Company deliver their coal at Cleveland f1r es
sn e per n. The prIces Il Commands there range from
~ 81 and there as ample maszn for profit on what
they furnish az the pit mouth for steamboat nsnuaguzng
and domestic consumption.
To enable them % open out the coal more thorough
~ 20 lay down their rrscks FROM the wharves and s
ROAD depC< 10 the mines and 70 mora eKtennyelY s
cleveland eoa tTec and also % improve the wbryes snd
sncing toe NesylLe Company come into the market
for loan They oecT most ample and undoubted security
and ey further extend 10 the purchases Of the Bonds the
Pvege o. converting them any time before st January
le INTO Comp stock References xe allowed John
.. Clarse, J. L. White V. w. Graham and A. " Flint
New Iors or 70 the sactiOnesr where further particulars
can De bad JOHN w. ROBERTSON, Presdezt