New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-14
A,r..- Norv-. Aucnoue~,

ADMOUST. AuctiOneers.-Sspoo1o SEVEN PER CESI.
CONVERTIBLE MORTGAGE BONDS of the Gaia.
wIssA, wILLIAMSPoRT Il ERIE RAILROAD Co.
Tie undersigned are authorized by this Company to offer
auction $500 coo Of their per cent Bonds secured bys
first and only mortgage their Roed s. 800 Oo and
convertible into the stock OF the Company at any time
before 1857.
These Bond, are in rr Of Gee esch interest payable
semi uay the Bank North America in NewYork,
sud the principal reasonable at the place IN 1867.
They are secured b. mortgage made TO Isaac Seymour aud
Eass Fsssett a. Trustees for the Bondhoders.
The Catswssa wharnsport and Enc Road extends from
what called the base OF the Broad Mountain, where
connects with the Little sehuyki 10 Wiamsort dis.
OF so miles with branch from Tamanend the
Little sehuy connectono the Beaver Meadow Railroad
edsHet OF 10 ini.es WIN t 1ht % SOhst'cI
TO coa on either side Of the line, not exceeding ave
The portion Of the line from Tlrnanend to Caawsa IS
miles II graded for double track also the branch Of -
miles to Beaver Meadows.
To lay down the track and furnish the graded road
To Construct foa Taaaacnd to the connection
wi,h the Little SchuyNli. 10000
The extension from CaAwissa 10 Wamsport.. 10000
Total - Geo 900
To produce his sum the Company have Issued N 90
m tonds secured by mortgage, with the right issue
$4,000 more under the sane mortgage after the road
incperation 70 CAlAwisss,
This gives:
To laythe track &c on the graded road $500 ooO
To connect the Little Schuylkiu. 900 orc
And leaves the $4,000 applicable 20 the extension Wi.
Transport For this with the balance in stock OF the
CONF any they have ofers from responsible 10
grads ard do al the work and furnish all the materials
The whole cost Of the Road viii stand thus
Pres nj stock go 600
stock to complete to WilaI.pOrt. .....,. 10000
Deduct frcm th, the value OF the coal lands OF
the y....,......................... 100 900
INSTRUMENTATION
AT Whamsport TINS road has very valuable connec-
fand mi Rad
under contract uniting with the New York and Erie
Read and all tsehain Of Northern and Western eonneeops
and tie other with the Sunbury and Erie Road max M 4
important Ink IN and shortest great tg1ak ae
between the Yves, aud tEewater.
The G7sngenents are now al complete for opening this
entire HE Of communication from Erie on the laGe 20
NevrfoIk, Philadelphia and Baltimore towit the sun
wissA- Wlsusport Erie, from WillIamsDort % Tsna
qua Tie Little sehaylk 70 Port Citation and the Read
Ing Phacelr hia, 20 P telpha Or from TanaquA the
Lehgh Valley Road 20 EAstou thence over the NeJery
Genital % Nswlork. The oaly Roadsrsmannz 10 be COM
lsea 70 lAese e9ansetl9ns are the Cataw
NiihanspoH IRE, md the sunbury Enc both cf
which IA part under contract and tire parts not VET let
ony az he ettenent Of some questions As TO choice Of
By this proposed ne Of Roads distance between Clev.
land and New fors u 80 mules ess than oy Buffalo and A.
sany 70 niles lees than By the e Road, and So miles
than BY the Cleveland AID Pittsburgh ard Gen.
tsSl LiHe while The rIAdes compare quite faToraby.
Of through tse they also claim hat for local freight bust
ness viii have 10 superior the country. r. pass.s
through broad extent c0unry az present without rs
aecess 20 the se1board This ron Il exceednsy eh ~
agricultural and mineral prodGcs AID the Road psnetrstes
the very hes-t o. vast eposts Of both btuuno AID an
thscite coal and Of bic beds OF ron ore. the tr
trct, however fertile.
LoOkng upon As map VIII Be seeI that the .ver.zs d,
tspce between the Buffalo AID Albany and the NewYoT.
and Enc IS about 70 miles between The Pennsylvania Cen
TIA and Baltimore and Ono about the same while spaea
is left between TIE New York ard Ene add Pe1rsy,.ns
Cerrysl o! about 10 rlies Tie prOpOsed new ua ec~
pies about the center o! this space Tnus when t e .
completed there VIII be I've thorDuzhfares lo ne
Atlantic 70 Tie Lases n uesfy parallel lines with space
between each Of abOG, 70 iss distance auite get 10
a5eft ample local b1slness W.le tisy ars 4. e,ou =
tors for the through bcsl1ess.
10 believed thai the connection Of this road Nth Fl-ir,
BY the Willamsport szc Elmrs Railroad VII "a Wv
Phii.delphiA bat AZ mica whereas By Ab.uy ard N
York II I'd saT.nz IA nnles OF travel by hi. ro4
FroE E1lrs- By tie New fork and Ere RAJ rsd se a.
NsNfork ~ niles add 70 tbs he ds,xrce ~
rtiisdelpnA - miles ra.Ses ~ from Elmira 70 Phllde-
pEa whereas by this route, e III bs bl z55 sFvIag Ioa
mixes AHc hrlngnE klrra - Laies nearer Pfsa-oh, ~
ths route, than NsxlOrk, by the Sew-Yo-E ~ NJ
When l. s borne in mind thai The whole tds OF pI.ars
INTERCHANGE Of prsd-ess between warner "a 49,
climate u1st alwsys b xre.t ths iuport.yoe OF
uunicAtion can badly De 0veTrs,-d.
The Beds vii b sod % WEDNESDAY n. ls,t A., -,
February the Merchants E1chaass A. q, o,,ocEp
b. wILsIERDTSGs MOUNT '
Twenty rer eeu. Of the purchase snouey VII - --,
upoa TIE DAY Of sale the remainder in uousblv IN
usnts Of ten Ter cent. The purchasers bo,vxs, ii
have ths option o. rsying II fall WI
Exht.fs uolaiEcg NJ Particulars Of -. eorSa,, -
prrsrects ~ The rc.d sA nap. b= had az rIe
Ofce. EA D LEt.I Is, Pr seeni c w and y III
GILBERT COE JOHNSON Isso,.
Se~-York- Jan g, lsaS.
Owv,~, -. 49, g. 49,, -.