The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-05-07
The Long Dock Company, Now Jersey,

Notice is hereby given that books will DO open for SUBJ
stock Of the Long Dock pany chartered BY the gis
iature Of New jersey at the office Of the New YORK and
We inesday, the 2Sth day of May, inst, from - TO
O'Clock of said day and an nstalment of dollar
scr pton; and future in almsnts Of twenty per cent
each win be called for the work procseds twenty days
'i' s HeEn By k ssSsb 81
J. LANSING ZARRlsKIE. Secretary.
JERSEY CRY, May ]. 1866.
The Long Dock Company recently chartered BY the
State OF New Jersey has been organised by deep
York and Ee Railroad Company and fcc the sole pur
pose OF securing 10 the sao railroad Company direct
int R.rss1 New ' IN %
thousand dollars have been subscribed 20 its capital
stock, and ty TIE above advertisement viii be seen
dollars s proposed, which will complete the amount al
lowed BY law to be Issued by that company,
property purchased that purpose with the extent
thereof have been fully set forth to the stockholders Of
this Company in the late report of the President
The charter of the Long Dock Company is perpetual
Mortgage Bonds purchase sell and hold snds to tun
mel Bergen hill, and construct lateral branch rail-
road to interest within the limits Of Jersey or Hudson
DOCKS PIERS warehouses; or other structures necessary
for commercial or other PURPOSES and establish fsry
The exclusive and possession Of the property and
privileges acquired and to be acquired, by the Long
Railroad Company on perpetual lease the following
The Long Dock Company $50 600 Per annuu and the in
teest which the Long Dock Coz pany may have to pay
for any and all moneys borrowed to make improvements
under the direction If the New York and Erie Railroad
also 10 psy ell taxes levied said property
The Long Dock Company to sell any Of the property
held by it, whenever the New York and Erie Railroad
Company shall request it to be done and the proceeds Of
the land cold 70 oe paced in the hands Of trustees
form sinking fund for the redemption Of al indebted
Of the Lorg Dock Company which may 30 created By
direction OF Q new York and Erie Railroad Company
g. The New York and Erie Railroad Company 10 have
The right to purchase, at any e the property OF the
LoIg Dock Company upon teadesing to tho Long Dock
Ce%psDy, after six months notice, the sum Of $500
York and Erie Railroad Company.
York snd Erie Rsilroad Company only have besn
suited The rental yields, it true handsome income
his investment
tended notice thereof that each shareholder in the
New York and Eie Rairosd onpauy sh Ill be entitled
to rata amount of stock in the Long DICK Company
SO that no Injustice shall be done to any and the
right reserved before stated to return the
paid by the Dock Company to assume the pro-
Ierty in their own right whenever favorable terms
By this arrangement it is Though. that the New York
and Erie Railroad Company will secure the necessary
pita to com ple q he improvements without permanent
facrfce other than the three per cent interest
proposed to be paid to its own stockholders annually.
Whatever msy be the total outlay required to furnish
the modarons oontem plated 1t is evident that on
th.ir completion the net revenue Of the New York and
Erie Railroad will be increased thereby least and
probably fourfold over and above the annual amount
thus imposed.
Thtse accommodations with those at Piermont and
Newsurg, will enable the New York and yde Railroad
Company to folly develop the trade in lumber coal and
other heavy ard bulky articles to the great Of
the districts Of country trayesed by the railroad not only
but to The large increase OF the conpany's
The object Of this Communication to call the atten.
tcn Of The etc ckhodres of the New York andEe Rail-
road Company to the notice of the opening Of the books
by the Long Dock Company the 18th inst, for sub
scrip len to their capital zock Stockholders of the New
YORK end Erie Railroad Company Who subscribe for
shares of the Long Deck Company win have prefer
ence in the distribution Of those shares. All shares not
applied for BY the stockholders Of the New York and Erie
Railroad Company will at once be taken by other parties
by order OF the Board
HOMER RAMSDEIL, President.
OFFICE NEW YORK AND ERIE RAILROAD Co., May l, 1856.