New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-25

| - EALED fhOfOSALS VIII De received az n0
COMPANY the City Of New Yorl until the iob dsy u
the Coy,pspv bearing per interest, payable ssi-
snuu,y the days Of February aud rodeesbs
The NEw.YoRK AND ERIE RAILROAD COMPANY
viii pledge themselves in said boodstO pay nenthy
x on the r OF March the o. thirty ave thousand
dollars into the bands Of trustees 70 b. BY them syss,sd .
@ n s'fps comPASf Of q
Iona Be puchsseds under and Whenever
bonds q the pc. issue cannot be sarch:s'ed At g anss
YoRs 1 1SS a F eoSrsSS T.
E Sss..s a8y q bono. Of the AND
ERIE RAlLRoa COMPANY q or under par then tho ,,A
Interest in aeb beds Of The NETWORK AND ERIE RAIL
kSS Al bend. when purchased b. the said trustees. h.
e S If re iS' Ans ERIE
COMPANY" but the such cancelled bonds shall
So6SS e.11sps Of the SEwYoSS AND EsE RAIL
ROAD COMPANY and the aceuins interest the
.g. 81 rrSured the entire q. Sc OF the Company 70
After he the :s @sas md IA. .'S s Ss
and the Sngss n'sss, TssT
The successful bicder viii be required 20 pay cent n
cash the notice OF The acceptance Of ne buds cent
i' TIE IDeSns BoSd. Of hs NETWORK .na ERIE RAIL
ROAD COMPANY win be received in part payment az par,
he Directors Of the NEw-foRk .nd ERIE RAILROAD
lssvs 70 state thai viii :assn ssS%s
P,nda FebruarJ and entire
present floating Ssbt Of the Company veil complete al
the unfinished wor. nov usder way ..,.-.os
every beyond the proceeds Of the present esn WI %
charged expense and paid from the income h
So%P:nS after o q. the a 90 the
Aer the negotiation Of the present oan and the redenp'a
Of the Income Bonds the position Of The Company WI pc
Observation-Disclosures.
Bonds OF 1867, lat mcrt.................. 3oooooo
Bonds OF 1889, ID mort ........'......... teSSo1
Bonds Of 1888, Sd mort ;.....'.'.''''.'' s9oooSSo
Bonds Oflss2, convertible minimum. sSe9 9o
Bonds 1871, conyertSle .............. tSao%09
Bonds Of 1875, present loan....,....... 100000
Tot.l........................... $4,000
the opinion of the Directors 7 is perfectly .as to e,s%ss
the earnings Of the Road to the coming year FoV'
from which must be deducted: o.ooooo
ss1sb ps4 90 eePt on deb, * Cce 1880
sipkips Observation-Disclosures. 4@0o-s5+sS7o
plicable o cash dividends and eentngences. sio,f0
The Directors Company confident these estimates
I be y 5ssd un Iss S receipts since the Road AA
IS IS : ss:ss say 81 cent: Gem"
The business of the road depending mainly the local rs
fc inevitably increase the same ratio a. the p9Pu
the superpen6ent Mr. McCuom the road in it. present POI
Sn and yh % equip 1sn sse s.p Be- ':a az
only Is y which is not much over one ha OF
A. to The rnnnOs expenses they were only 's cent
omy and an ncieae 10 the sc they reduced %
2 cen. bus they have been sssSs.ed !" cent
The effect monthly purchases by the Trustees OF the
Bpd of the prese their market value cannot fail To
be immediate snd will insure the original purchasers ee-
tain profit within moderate times for while the amoqnt out
standing will decrease each mouth the absorption by the sink
ing Fund will constantly by the sceuns interest on
the Bonds hands of the Trustees In eight ana bali
wears the sinking Fund will absorb four million seven hundred
and ght thousand and fifty three dollars estimating all
the Of Bonds by the sinking Fund TO be made AZ par
Thai the Company will be 10 condition make promptly the
the Sinking Fund at all acquainted
with the Income Company oou6t for moment All
the past difficulties of the Company have arisea from tho
necessity contracting for expenditures before securing mo
reou.te FUNDS TO meet them This entirely end
while daily increasing OF the Company must IN
evtby ncress the mark value OF its Bonds well a. OF
il, stock the latter which will doubt long take rank
among our most cold investrnen t stocks . $50,
Proposals should be ndorsed Proposals Tor New YORK sn
Erie Railroad Loan and addressed to DANIEL DREW.
Treasurer. Erie place.
Nsto York, Oct IS, 1884. - . ...,rxx - -.