The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-05

FRANCIS SPIES, Secretary.
VXTLTloRE, ROBERT 4 CO., STOCK, NOTE, AND tx.
w change brokers, dealers in specie and gold dust
Continental Bank Building, No. IL Wall street.
DARE CHANCE FOR INvEsTMENT-ANY PERSON
II wishing to travel and having $1,000, hear of
excellent opportunity for investment in an Exhibition by
applying to 4. F. BRICK, No. III Water street.
@ DRAFER OFFERS FOR SALE $500 COO CONVERT
-. BILE per cent bonds Of the Western Vermont
Railroad Company, maturing in New York in 1882 and
secured by mortgage the whole property and income
Of the road They bear for interest payable lt
March and LIST September and the option Of the
holder convertible at any time before 1860 into the capt
tai stock of the company.
The Western Vermont Railroad is now completed and
in excellent working condition throughout 1t is fully
equipped with oil the requisite rolling stock and its traffic
adequate to pay good interest ON its cost This traffic
IN ncrea ing very FAST from the natural growth of the
business of thriving and improving distrct-from its
position which must command the great travel be
tween New York and hontrealand particularly from the
rapid development of the marble quarres al my the line
Of the road This section of country produces the finest
marble in America is Of various qualities adapted to
all the purposes for which marble is used Quarres AFRO
opening out now everywhere the line Of this road
from Rutland and Mar chester and Arlington, and very
large additional water and steam mills for saving the
blocks in process Of erection by companies of ,pi
taists from Boston and Philadelphia From this business
alone the Western Vermont Railroad will soon derive an
income which viii render the bondholders perfectly Sc
cure
The length of this road is Sax miles from Rutland,
fouthery through the valleys OF otter Creek and the Bat
tcnk to the New York State line at North Bennington
With branch ~ miles southsast to Bennington village.
III connects Win the Rutland
and Burlington Rutland and Whitehall and Rutland and
washington Railroads. and brings the aggregate through
traffic from these roads to and over the froy and
road TO the Hudson river.
The paid up stock Of the Western Vermont Rail.
road amounts to 1900 600
The first issue Of bonds has been disposed or ex
oept the short bonds, which the company have
And the Convertible bonds, now cerci for s.s
clear of the floating debt leaving the company propre
tors of fifty miles Of excellent road laid with heavy
T rail with depot grounds and buildings and an ample
equipment costing in all including the expended profits
Of working less than $40 900 per mile which ii is be.
heved is result unparalleled regards cheapness of
construction in New England.
Since the opening of the main line of the road in July
last the receipts from travel for the Great United States
Northern Mail and from the transportation of freight
which its equipment only allowed IL to undertake EN-
csnty later In the season havs amounted to $40 600
The receipts for the current year confidently estma
ted a. $l86 O00 The working expenses under 40 per
cent and the pending negotiations for running the trains
nnder one management with those Of the Troy Boston
Company will materially reduce these expenses leave
net income Of 10 per cent the cost of the road
which will make the convertible clause In the bonds
offered Of great value to purchasers The Board of Dreo
tors has been recently reorgansed and consist Of the
prominent men along The Hpe Of the road where the stock
y almost entirely owned