New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-24

sisestpi Railroad Company p ceSt Bonds, noticed
yesterday, was made by MessTs- DecaPPe: X Co..
with Messrs. Atwood 4 Co., for the. Company.
considerable portion Of the amount was taken LOT
foreign account These bonds are convertible "l'aih
FIVE wears Of date and are secured by mortgage on
the entire road from Milwaukee 70 Frame du Ouien
and bv sinking fund of $4,000 per anaum, snihcen'
10 a,tineuisb the Bonds before maturity. The Whole
,ue4s s. 200 600 Of which a. 100000 are devoted %
The reimbursement Of similar amount due Ia lS'@ and
les9. The remaining 81 900 are set apart for he
conpe,on and equipment Of tho from Madison it4
prcsent terminus TO the Mississippi River The mortgage
i 6r,t lien upon the road from Madison west and will
he first lien On the whole road when the sl,2J0,OJO
dee in 1923 are converted or paid. The new portion
Of the road from Madison 10 the Mississippi % miles Il
under contract 70 be completed and in running order
ly the LET Of jan, 1857. The issue Of bonds under
this mortgage is believed 10 be sufficient 70 complete
and EQUIP the Road from Lake Michigan to the Mis-
sissppi Eiver. The sinking fund Of sJo0 900 snnum
is to be deposited in the United states Trust Company
The roed is Low operated l03 miles. The gross
earnings for the year 1854 were si55,56i. Ihe
eross earnings for the SIX months ending
goth Jure we're $685. 1884, showing An Increase on the
same six months OF lsst year Of sSo222. The total
amount Of stock il 81, 255,2OO Of which s275, 400 are
held by the Company. The amount paid IN IL
81 4i7,e9e. The amount expended on the Road is
s2.sO2 1873. The resources on hand to complete the
Road, including 1854 shares Of stock, amount to
So AS COL while the contract calls for only s2oljooo
leaving $500 OOl applicable 10 increased machinery,
&c The Company express their full confidence in
their ability to complete the Road, and in the ample
security Of these Bonds.
The PoftsuiHe Miners Jouraal Of Saturday fur
nishes the following information relative to the Au-
burn and Allentown Railroad:
The repoit of the engineer who accommodated the
route of this proposed road will create sensation
when il comes out II requires only link Of 80 miles
to be made TO connect New York with Piteburgh on
almost an air line-gives outlet for the whole coal
region Of Schuy kill County direct TO New York and
gives orr operators n choice of shipping points, either
fhiIadelpbia Trenton South Amboy or Ezabethpert,
~ miles from New York. What il most singular too,
il that il will give Us new road 10 Philadelphia, OF
the same distance rs the present road Az Seberts,
in Lchigh County, there is gap ~ the Sonth Noun
tain which cuts il 10 the base, and connection can
easily be made with the Norristown and Perkiomcn
Railroad in a short distance with easy grades, which
gives the following
From auburn Sebert's miles -
Prom seibert Gap to Norrisi9wn miles 81
From Nouistown 10 Philadelphia u
Total number Of %
From Potsyile Philadelphia, per the Philadelphia and
Reading -
We copy the following from the Report
1t il the deliberate opinion of the writer based
upon n long familiarity with the coal trade, that
Anthracite coal taken by this route can be pr0htaby
moved from Schuylki Haven 10 the waters OF New
York harbor at less than 81 T. tun, and delivered in
the hold of a vessel there within three hours Of the
time that the Reading Railroad could place 1t in YES
sci floating in the Delaware, and at no higher charge,
no matter to what figure they may see proper to re-
duce"
1t may also be men Toned that the freight to the
East from ElizGbethpOrt will be from 80 to 40 cents
tun less than from Port Richmond to the East
The Ohio aud Mississippi Railroad s advertised to
be sold on Wednesday, the 9Th of August, between
the hours Of 10 A. NJ. and p. NJ. at auction, at the
Court House. st Louis, under the deed Of trust to Sc
cure the note of 45i 6l given TO secure the al
legged indebtedness Of the Company to Messrs. Page
Bacon.
The receipts of the Belefontaine and Indiana Rail-
road for the six months ending June 3d. 1855, were:
1858. 1851.
From passengers and extra baggage. $3.50 10 39e u
1911 20 1905 W
Mail and OBSERVATION-DISCLOSURES. 423i 50 4023 n
SO GIL 1851
bot s23 aos 90
Receipts above. lsllZ< ~
1908 n
Net sslsls p
The earnings of the Michigan Central Railroad for
tbe first week In July were s4 9J4 against S32 $50 in