New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-07

t~SNOrrNT Ap,tioree-s-ss0oO 600 SEVEN PER CENT.
CONVERTIBLE MORTGAGE BONDS Of the GAIA
wISSA. wILLIAMSPORT ERIE RAILROAD Co.
The undersigned are authorized BY tins Company to offer az
SSsoo oo Of their per cent Bonds secured oy
first aud only ucTgsse her ROai 70 cost 8 io aad
convertible into the stack Of the Company a. any time
before 1887.
These Bonds are in sums Of 81 coo each ntees; payable
semi-snnualy 81 the Bank OF North America IN Newloyk
sud the principal rsdeeuAble the pace in 1857
They are secured BY mortgage made 70 Isaac Seymour AID
Ehas Fsssctt as Trustees for the BOudhoders.
The CafaWissl WhausPov and Enc road extends nom
what = called the tsse Of the Broad Mountain. where
eonnccss with the Little SchuyiA % NiihsmsPor ADS
lance Of SO miles with branch from Tamanend near ne
Little Schuv hc0unecon 10 The Beaver Meadow Railroad,
distance Is miles. with the uSht to construct branches
10 coal mines o. Esther side Of the ne, LOT eNceeans ave
The portion Of the IKE from rsmauend 70 C,tawisss IS
miles : graded for double tEack' also tle BRANCH OF 10
To ,y down the tIacE and furnish the graded rod est
mated 20 e1tVV
To construct frOm Tamanerd to the connection .,..,
with The L,'tle SchuylS ................... fCVeV
The extension from Caiawissa 70 Nllamspors l""V"
IofA <tut.V't
To produce N sum the Company have issued sLoO00J0
IN loses securd ey MORTGAGE, with ne rsht TO lss1e
$4,000 under the mortgage, alter the road IS
IN operation % Catawissa-
This gives: -
To Law The track &C. on the graded road.....s $4,000
Ard leaves the SOooo applicable to the extension 70 Wal
Transport Fer this with the balance in stock or the
Company they have offers rom responsible contractors
grade and DO All the work and furnish ell the materials
The whole cost Of the Road VIII stand thus -
Pres NJ stock FoVV
BOuds............'.. Observation-Disclosures, loCheO
Stock 20 complete 70 Wihamsport. ...... $4,000
50 10000
Deduct f-cm iris the value OF the coal lands OF
the Company '''''''''''''''''..''''''' p"VV
s. 100000
Or Tor whole distance a. MILES sS5 is3 PER mile.
A. fb al hear
tons ore with the MiliSmsport and Elura Road, now
under contract uniting t with the Newfork and Enc
Road and all sch'not Northern and Western connections
and the other with the Sunbury aud Ere Road making 70
important link u sew and shortest sreat trunk line
between the West and tsiewateT.
The arrangements are now s complete for opening this
entire line OF communication from Enc the lake 20
New-lork, Philadelphia and Barmore, towit the sun
bury Ere from the lake Wiamsport, the CattA
visa "i,Gsms org me, from W,'ianspoTt 20 lana
Ig Philadelphia 10 Philadelphia Or from Tama1na, tho
Lehigh Valley Road 20 Estou thence over the NewJersey
Central 20 New York The only Roads remaining 20 be COM
peted these connections are the Cttawlssa
WilhunspoIt Eric and ths Sunbury Erie both Of
which part under contract and tue parts not yet let
only wet The settlement OF questions as 10 choice OF
route 10 be placed under contract
BY this proposed line Of Roads he distance between eve
land Nrs York IS miles less than BY Buffalo and A.
bany miles less than b the Erie Road and y miles les
than by the Cleveland and Pittsburgh and Penusyly Cen
tra Line, while the grades compare quite A. ANOfaOy'
bile the projectors claim for this Road these advantages
of through rahc they also clam that tor local freight 0us
rcss 70 vii have 10 superior Ia me country II pass
through broad extent OF country AZ present without rail
10 the seafoad This region NJ exceedingly rich IA
agrcuf and mineral products aud the Road penetates
the very heart OF deposits OF both buminous and
trGco coal and Of ineNausbe beds OF iron the tun
OF which will far exceed thasof any agricultural dis
trict however fertile.
Look urou the map twill be tina, the average dis
between the Buffalo and Albany, and the New YORK
and Ere about 70 miles between the PENNSYLVANIA Cen
Baltimore and OHIO. about the While space
il let between the New York aud Ere and Pennsylvania
Central about 80 miles. The proposed hne
pies about the Of this space Thus when this line
completed there viii BE- tive great thoIou gbres from the
Atlantic 20 the Lakes n nearly parallel Lines, with
between esch OF about 70 mts Stance quite cient
adoId ample local business, lille they all e0mpeti-
tors for the through business
Its believed that the connection ofths road with Elmra
by the Nilamsport and Elnrs Railroad viii add very
largely 20 is traffic BY this route from Niagara Falls %
Philadelphia is but az miles whereas by Albany and New.
York 10 Is $50, saving tH miles Of trays by this route
From Emira hy the New York aud Ere Railroad the dis
lance New "a miles add 10 this the distance 10
Phiade phia 20 miles makes 36i from Elmra to Phaiel-
miles. and bringing kmra 10 miles Philadelphia by
ths route, than New Ork by the Newly Ork and Erie
hen s borne Ia mind that the whole tide OF pleasure
travel duuus the from South North that
climate must always be great tn importance Of this com.
Huucatlon can hAdly be oyeTated.
The Bonds will be sold WEDNESDAY the 10th day OF
February at the Merchants. Exchange At I2I o'clock PM
by WlLMERDlNGs MOUNT
Twenty per cent Of the purchase oney will be required
upon TIE DAY OF sale. the remainder n monthly install
ui,nt. OF ten per The purchasers however viii
hayetie option Of Ueylug IN full
ENhts containing fu particulars Of the cond and
prospects OF the road with map be bad Axerts
Office. M. d. LEWIS, Pr, sident &. W. and Il. r. T.
GILBERT, Coz 4 JOHNSON, Agents,
Corner Exchange place and William ct.
NeW-lCfk, Jan. "a, l33