The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-08
GALE OF OBSERVATION-DISCLOSURES MOUNTAIN
y drew Mount Aucioneer-$8OO 900 seven rer cent

- drew Mount, Auctioneer 900 seven FER cent
port and Erie Railroad Company-The undersigned are
authorized by this company to offer at auction $780,
oe
BILE into the stock Of the company at any time before
1857 These bonds are in sums Of 600 each interest
payable miannualy at the Bank Of North America in
New York, and the principal redcemable at the
place in 1867 They secured by mortgages made to
ana s F%f snS e. s
tends from what is called the base Of the Broad Moun
tain where it connects with the Little Schuyki to Will
Transport distance Of thirty miles. with branch from
Tamanend, the Little Schuylkl connection, to the
Beaver Meadow s distance o. 4 thirteen miles
either side of the ne not exceeding FIVE miles in length
The portion of the line from Tamanend to Catawissa th
five miles, is graded for double track also the branch
Of thirteen miles to Beaver Meadows.
To lay down the track and furnish the graded road es
To con ,truct from Tamanend to the connection
with the Little schuylkill. .,..::........ 400 900
The extension from Catawissa TO Wiamsport 00000
Total. % 600 600
To produce this sum the company have issued 81 ooo,
issue $500 600 more under the mortgage after the
road is in operation to Catawissa. This gives:-
TO ass T tSs me- Ga tae
And leaves the $500 900 applicable to the extension to
Williamsport For this sum with the balance in stock
tractors grade and do all the work. and furnish all the
materials.
Present stock. VI 4OO 900
Stock to complete to Winiamsport ....... 500, 900
Total. SO, 400, 900
the Company. ....................... 100000
Total SO 300 900
Or, for whole distance 93 miles s35 4s3 per mile
At Wliamsport this road has two very valuable
nectons, one with the Williamsport and Emra Road,
now under contract uniting it with the New York and
necons and the other with the Sunbury and Eric Road
making it important link in new, and shortest great
trunk line between the West and tide-wa The
rangements all complete for opening this entire
line of communication from Erie the lake to New
York Phisdelpha and balsimorc to wit the sun9ury
Wiamsport and Eric. from Williamsport to Tamaqua;
the Little schuyk to Port Clinton and the Reading and
Lehigh Valley Road to Easton thence the New Jer
sey Central to New York. The only roads remaining to
be completed to consummate these connections the
Catawissa Wliamsport and Eric and the sunbury and
Erie both Of which in part under contract and the
parts not yet let only wait the settlement of qucs
Ions as to choice of route to be placed under contract
this proposed line of roads the distance between Ceve
land and New York is 05 miles less than by Buffalo and Al
bany 20 miles than by the Erie Road and SO mics less
than by the Cleveland and Pttsburg and Pennsylvania
Central Line, while the grades compare quite fayorably
the projectors claim for this road these advantages
of through traffic. they also claim that for local freight
business. it will have no superior in the country.
passes through broad extent of country at present.
eedngy rich in agricultural and mineral products and
he road penetrates the very heart Of vast deposits OF
both ana antnrac1tc coal
Of ron ore the tonnage Of which viii far e,ceed that
n any agricultural district, however fertile. Looking
pon the map it will be that the average distance
ctw the Buffalo and Albany, and the New York and
ie is about seventy miles; between the Penny
entra and Paltmorejand Ohio, about the same while
pace left between the New York and Erie and Pcnny-
ania Central. about hundred and fifty miles. The
proposed line occupies about the centre OF this space
huk when this line is completed there will be five great
from the Atlantic the lakes in nearly pa
ael lines. with space between each Of about seventy
lcs, distance quite sufficient to afford an ample local
usness, while they are all competitors for the
through business 1t is believed that the connection
this road with Emira by the Williamsport and
1mira Railroad will add very largely to its traffic BY
his route from Niagara Falls TO Philadelphia Is but four
undred and fourteen miles, whereas by Albany and New
ork 1t is $685. saving 1 miles Of travel by this route.
rom kmira by the New York and Erie Railroad the dis
nce to New York Is 274 miles, add - this the distance
Philadelphia, 90 miles, makes 364 from Emira to Phil
,g loo miles, and bringing Elma 10 miles Pha
elpha by this route, than via New York, by the New
FORK and Erie. When II In borne in mind that the whole
de OF pleasure travel during the Is from
outh to North that the Interchange Of products be-
ween warmer and colder climate must always be
reat the importance Of this communication hardly
oyerratcd The bonds will be sold Wednesday, the
2X o'clock p. NJ, by WILAERDINGS 4 MOUNT.
enty per cent of the purchase money viii be required
pon the day Of sale, the remainder In monthly install
tents OF ten per cent. The purchasers however will
ave the optisn Of paying in full Exhibits containing
IN particulars Of the condition and prospects OF the road
ith map can be had at the agents once.
VIM D. LEWIS President G W. and f r. r.
Gnsmr, Coz b JOHNSON Agents. corner Exchange place
nd William street.