Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1855-07-28

furnish 1000 to 1900 cars to assist in car
rying 1.-THE expenditures by the, different
coal companies in the Susquehanna region,
in opening their mines and building lateral
roads To connect with the Northern Central
when completed from Bridgeport to Sunbury,
exceeds $5,000,000.
The mines are opened and the lateralroads
are built and returns from this large expend..
itnre depend entirely upon the completion oil
the Northern Central Road. In fact we can
see no good reason why the Coal traffic oil
this Road should, at no Ear distant period,
rival that of the heading Railroad; and IN
view of the great dsproportion of cost, why
| the result Of its business should not be more
profitable. The estimate of $275, 600 through
travel. and Sl5O,000 through freight, cannot
fail to be considerably within bounds nen
we have not only the immense travel pel "esn ,,n
the northern part of New York, Buifaio, t1o
Lakes and the South, but also the local srsbo a,o
between the rich and populous vaIey =. s
Susouebanna Philadelphia ana Pal'il"oj III
and when we take into view tne IiiSe, anJ
i,,nnoas;na nu lnmber trade of Williamsport, ana
,ho fine agricultural country which TINS hoa9
onans 10 q market, we should not be surpricseeu ce
COO Tho revenue from these sources my
| ner cent. beyond our estimate: IahinS my
ip.in,, tbe moderate cost OF the Road. the
sonnd and healthy condition oil It's ahairs Ut
nresent. and the immense resources 10 DC ac
nuired by the opening OF the unhnishea part
or II we cannot but think the security offered
;S one of tbe most perfect ofits kind, and that
tho bonds will be considered by the public a
cheap and most desirable investment.
The Bonds will be protected, in addition
to the mortgage, by a sinking fund of one per
cent per annum, which will be invested in
these Bonds while they can be obtained at
par or under. The sinking fund will redeem
the bonds at maturity, they having 30 years
to run.
Estimated Talae Of tie Property Of the Nor
hern Central Rdiipdy Company, under the
-Acts Of Consolidation.
st 81 miles of Road between Baltimore and IIari sburg
built in the most substantial manner, ironed with
rail 60 lbs to the yard, wooden supersructure in
the bes, condition Of repa.r, bridges on Howes
plan, for the most part new, sIdngs, water sta
tions, md staion-houses included, at
$4,000 per mile s3,7sO,OOO.oO
(This portion the road is now in successful operaon)
End. 81 miles under construction between
Harrisburg and Sunbury, 81 miles now
graded ready for the superstructure on
the remaining 81 miles a large portion
of work has been done, consisting of
grading, masonry, &c, cost the Com
pany Se00,000 90
Sd. The Company hold the Bonds Of the
Wrightsvlle Railroad Company, Ia
road connecting the State Road, from
Phlapelphia to Columbia, with their
Roadat York, 10 miles long, with
90 lbs. rail in good condon,) secured
by first and only mortgage upon
which the interest regularly pald,
valued at S95,000
Holds a claim against the
Wrghtsvile Company secured
by pledge Of real estate, the in-
terest is regularly paid, besides
aporlion OF that Ccmpanysre-
venue is annually appropriated
towards its liquidation, valued
at 3i,s5O
Holds also 3,I73 shares of the
Capital Stock Of the Wrights-
vile Company at par S5s,650,
or $50 per share, on this the
Companyreceivedar regular d-
vidend Of per cent, equal to
Sl0i per share 52,ss3
- 172733JO0
NorEvalue o'ihs stock, per Presidents report, $40
ith. Value of Real Estate in Marylan and
Pennsylvania, MS per recent nppraise-
ment, (property fin Maryland exempt
from taxation) 25i, 600 90
5ih. Value OF Road Equipments, stationary
machinery, in shops, materials Oh hand,
city track, &c. 100000 90
9th. Sinking Fund for loan Of S500, 600 to late
Yok and C. II. r. Company 100000
7th. Cash and other available means 15,GOODO
S55lt 7a3 90