New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-27

COMPANY IN he <1 Of New foEs until tie loh dag q
the Company bearing per cent interest psysole send
annually the days Of February snd August receenaos
The NETWORK AND ERIE RAILROAD COMPANY
w Sse s s NJ 800 ,bs snw 81 th, 9,e Shanana
dollar the hands Of he United States Trust Co. to be By
sbs NFwSoRx AND Erie RsILsoaD coMPASY q
the issue ous they can be purchased At or under
tereh..sd AZ or under ar then the shall
;9S s sid monthly a sp ASo TsE RAILROAD
COMPANY which Gao be guTehised e or s.dss ps, nS,
OF he NEW YORK AND ERIE RAILROAD COMPANY
at or under tsr then The aal invest the ssi
% ss Rev ASb ERIE RAILROAD
be Tureh,sfd . The lowest rae ssd AZ oISa, Snsa
printing on ts face hfd y tne s9a c9ss spS S
tho coupons such csgceed bonds shall he collected ~
said Tut Co 81 ecY sseGrs nm aye E AR S
PAhY and the acerung interest, the conversion OF
yss bond, ao stock Of the c0%psy o sr d6O have ss
vhch the said monthly payments shall cease and the Ts
vested in such Trust co be closed and all eaDesIs bond,
AND ERIE RAILROAD COMPANY
The successful bsders will be required to pay 10 cent ia
cash the notice of the acceptance Of their bids % cent
the Goth fELus 81 v cent the LIST February y cent
a hs SrS BoSd. Of the .ad ERIE RAIL,
ROAD COMPANY win be received in part payment At par.
The Directors Of the NEw-YORK snd ERIE RAILROAD
esye to state that bee amply asnt to pay
Bonds redeenabe on the Isl February next and the en,
BY resolution Of the Board Directors all future Outsyso Of
every kind the proceeds of the present viii 30
CHARGED expense account and paid from tss income Of A
Company ae o. ths 1ss on Tho iun"sd dsos sAa
Amer negotiation OF the present and tho retsmpt0s
Stock. .tl0e2iOOO
Bonds Of 6sI lst moI''.....'.'''''.'.'. seoe $4,000
Bonds OF wy "a mort. '''''''.'''''''''. $1,000
Bonds OF 1888, sd mort. ..............." 100000
Bonds ofls62 convertible .............. 3t5oooto
Bonds OF 1871. convertible 4S1lWo
Bonds Of 1875 present Loan. 4,~oSO
Total s75MO
In the onicn Of the Direction. perfectly safe estimss
the earnings OF the Road for the coming %
from which must be deducted:
s ss1sa per es Gs' % d.; S ss1s
Net revenue equal to over per cent stock ap ,.
The Directors Of the Company are
been beer IL 10 operation p, 70 Dun.II. have been:
1851 =. ,8s2...S O477l8 Increase.
is g., ss5s g go % 81 Pc: cent
The business the road depending mainly the local trs
ton Of the through wl. passes In the opinion u
the Superintendent Mr. MccaA the road in it. present po-
son and with It's present equip eight million
aolaI. II the ufue in the receipts be e'iimsed
only IS y auuurn which h.f0t
,b sd & m Of the est the above utmost csPaeiy@
in 1858 and 1854 there every probability that with rsd econ
ony and increase in the traffic they reduced TO
T. cent but they have been estmsed y cent 80 a. a
leave ample margin tor contingencies
Botds Of present their market value cannot M "a
be immediate snd will insure to the original purchasers
profit within moderate time; Tor while tbs amount
standing will decrease esch month the absorption by the Sink
ing Fun" viii constantly increase by the aecuins interest
the Bonus the hands the Trust Co In eight and half
years the mixing Fund will absorb mil ion hundred
and sixty ight thousand and fifty three dollars estimating 81
the purchases Bonds by the Sinking Fund to be made at
Thai the Company will be In condition 10 make promptly the
monthly payments the Sinking Fund all acquainted
with the Income OF the Company doubt for moment ALI
the past difficulties of the Company have arisen from The
necessity contracting for expenditures before securing the
requisite funds them This entirely at era,
while the daily of the Company In
eyisby ncresfe the value of its Bonds well
s stock the Of which will doubt long rank
among most solid investment stocks
Proposals should he ndorsed Proposals for New York and
Erie Railroad Loan and addressed to DANIEL DREW,
TTs asurer. Erie place.
hsD York, Oct. IS. 1884
HOMER RAMsDELL, President
NATHANIEL MARSH, Secretary.
DARTIES holding BILLS or DRAFTS drawn
by DREXEL sAThER & CHURCH. Of San frapciscc.
Cs psysbe at the Ocesn Bank Of this City, reqges4a