New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-13
CEALED PROPOSALS viii be received at the

9 EALED PROPOSALS viii be received at the
~ Office Of the NEw-YORK AND ERIE RAu10tp
snSars ISIS Tor The purchase Of 81 600 900 Of the sss1. q
the Conpspy; berns per eent interest payable semS
suru.y the fa Gays Of February and August Reasonable
The SFwYoRK AND ERIE RAILROAD COMPANY
W. ~ s s Of rh p-Si tie rum y ,
dOan into he band. Of he Unted States rrus Co. By
the kEw'YoRK AND ERIE RaIIaoaD coSfXSY q
p% .pd wSsSs,.r the bond. d .s: ssaass ).
purchased OF under par then the said Trust Co shall
IN. a., Ss. Of G 40 ss sso.5
COMPANY which he purchased A. or sader PAL. AID
SEw P rosx aSp ERIE co vi IS
under then the said trustee. .h. nve the ss's
a DE 'SEwioRK AID nj Erie E4tRosp coSPsSS' -
can ,. RnssSh.s q the 'rs'. re Ana ~ bod, -sss
Petir hc! tee Held y shs sSklss aaoa q ne
the coupons such e,essd hoods shs be eoll.cied b.
& lsi' &c. sfwS5RS KAN AID az Fa is RIsoaS
PAeY spd The aecuin interest. the eouverssn Of con
sI; soS Ia: .st A o. as s s'v sS. r.
which the said monthly payments shall cease. and the ss
vested In sseh Trust Co b closed and a. esn,ssd senss
a ilS 81 f X s sa al COMPANY
ss 'gse';s df % s sss' s s Pss 10 "a
ca the 2sh January 50 cent The st February cent
i tf. .c s sSS zoe OF Is: .as ERIE RAIL
ROAD COMPANY will be received In part payment Il par,
'DS he 'seSss M 81 . sa' EaE RaTRSb
COMPANY In Offering the present loan 70 the public et
ssvs to Hs ,s w % Be m REui nes. .SS me sas
present noans debt OF the Company eel '' 70 eonpss
'f ,rop Of Se ard o. Directors al sutyso
eyer d beyond % sSs o. o az ,as neon. q the
Compspy aer payment the iooses debt And
the monthly payment Of the SINKING tand -, -,
he OF the present loan ard the redemption
Of the Income Boud., the position Of TIE Compny ~
Bond; Of 1851. is, nort.................. scccoco
Bonds of 1859, ID m IT. '.''''''''''.''''' ss"ocS
BopSs 81 s Son~srrbe $4,000
Bono: Stl ISL , convert S:..... ts
T., bo oliSHa Of he Director. i perfectly safe et,..
the css Of The Road for the conirs year al sS'.
rom which must be deducted .ooooo
s s;Es Ssi % cent Rsi SS d.G, cS 1850
sstIs S8s scs 10 owe; per- cent on
picahlc 20 cash DIVIDENDS and eontinsencs..; eNtx
Wiz. fay s.1es The ;o.. receipts sce the Road ~
sgen in operation % DanAi.t have beo9i
1852 1852 to sssSs .iss.. slese,s say 81 percent
The bushes. Of fosd dePenens mainly The local s
fc inevitably increase In the same ratio ss the poras
tS .I Mr. nccuo Ee road prs.entps
son with present equip nent can earn eight mhioa
opy is q cent per anuum which much hsfof
average Of the the above utmost espacyd
As the running expenses they only ssi cent,
in lass and 1884 tsre ever, sx s A1 ~S nsS Gso
~ cent but they haze been estimsed SIS v
leave ample margin tor oonting encies
Tns effect the monthly purchases By the Trust Co. 81 the
Bopds present their market value cannot f
be immediate and will insure the original purchasers
tain profit within modef.te time; for while the
Standing will decrease each month the Absorption BY the Sink
constantly increase by the interest
the Bon,- the hands Of the Trust Co In eight and hall
yesrs nkius Fund will absorb four million hssdrt
eight thousand aud ythrse dollars estimating al
purchases Of Bonds by the Sinking Fund be inside
Thai the Company viii be in condition make promptly the
mon hlv payments the Sinking Fund acquainted
with the Income 81 the Company doubt for moment All
the past difficulties Of the Company have arisen from the
necessity for expenditures before
requisite moei them This entirely end.
while the daily Increasing Of the Company In
evshy ncrese the vauc Of It's Bonds well u
Stock the latter OF which viii doubt long tako rsak
amoug cur most solid investment stocks
Proposals. should be inaosed Proposals for New Yok and
Erie Railroad Loan" and addressed to DANIEL DHW.
Treasurer Fireplace.
ke1. loyk, Oct -, 1884. = u,,x