New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-13

The Ere Constitution says:
"A meeting of the Directors of the Erie and NOrtA
East Railroad was held in this city Thursday lea.
for the purpose of making final arrangements prcpara-
tory to commencing work on the Piusourgh and MA
Road. The Board, after careful examination OF sne
surveys and estimates determined to adopt the route
II miles west of Connautville thn route beisg pre-
Grred on account of its light grades and drectness.
Twenty five miles of the road will be put under con-
tract at once, and work commenced"
The Annual Meeting Of the Directors and Stock
holders of the Third avenue Railroad Company, IVES
held Yesterday Afternoon at the Office OF the Com
psny, corner Of Sixty first street and Third avensa.
for the purpose of electipg thirteen Directors for The
ensuing year. The election resulted In the selection q
the following named gentlemen: William A. Dsrtng.
William Remsen Henry r. Bemseo, Henry Han.
Samuel Jaudon, William II. Webb, George q.
Waters, Clarkson N. Potter Wilson G. Hunt, Msitby
G. Lane, Peter McMatin, John b. Hobby, william
j. Valentine. The following gentlemen were ohosca
Inspectors: Richard williamson John l.. Eventt sae
Richard s. Gray.
The Annual report of William A. Darling the Pred
dent to the lst of November. 1856, which WAS Ssh
mted, states that the Company is in sound -
prosperous state. In every department Of ts manage
mert the road has been maintained in Satisfactory
and profitable manner; its popularity and usefslnes
have been fully demonstrated, and its reputation ~
reliable and permanent means Of conveyance for or
citizens thoroughly established. Tho accommodation
service il has been called upon 70 perform. Gnoeeo
on several occasions during the past year ID abmyS
been faxed TO the fullest extent.
The cost OF operating the road has been sahAn0oA
by the severe enow-storms of last winter-so
az to suspend travel entirely for Gay lon the 6h e
Jar usry last, subecting us to great expecse IN re-
moving the snow from the entire length Of tho read.
This was done promptly and efectually.
Three divide nds OF two per cent each, amounting -
SO 100 have been paid TO the stakeholder. since he
commencement Of the year, out Of the earnings Of the
Read and there is now In the treasury cash balance
Fifty thousand dollars in amount Of f,st and oalv
mortgage bopds (beng one-hsf of the amount created
by the Company constitute tho entire funded debt q
the Company This amount has been increased frs0
the sum Of $40 600 lowing at date Of last Annual Re-
p,rt by revolution of the Board of Directors, -
N. Ct payn ents to be made on the purchase Of reL
Yves fixed at % y cent. The whole amount Of 90 -
was readily disposed of at that figure.
Tie Company has no floating debt at the pressa1
tire except for purchases made in the last fsw day.
for it, immediate daily supplies, and the proceeds a
which on hand and not iaventored All The
purchases Of the Company are made for cash.
The suggestions Of the President in his previous n
nusl report, in regard to the purchase Of a. eligible
better calculated for the accommodations OF ths gves
and growing business than those now occupied. hevs
met with the approval Of the Board, and resulted n
the purchase Of "A lots of ground on the s..ssy ',ds
tween Sixty fifth and Sixty sixth streets ana w -
On each Of these streets costing the sun o. 49,
SO 0C0 Including all expenses. There remains oss
upon The property, On bond and mortgage, toe sun
$50 80. which 6an remain for term OF years. Ine
Company favc likswise bought iet on tne we"1z
si,c Of he Third avenue be .ween One mund,ea an1
Twenty Cigf TIA end One Hunded and Twenty ninth
,,.Is Is,len for The cum Of 81 go on which there
"a mor,o, &c of 800. There has stey been efecteds
uilng this lot for the secom% 1o d mo hs>
en- ns,seIgors at a cost OF about $5S.
p,aJ ana ,ps c:cations for the stables and csrAouss
ID xn,ksbop have been prepared and coatrscs nsds
tie carnen.t's work at 81, 500. and the msssa-
r,rk AZ sI6 400. The work was commenced In ths
,sry par. cf ptember last and w probably b ooo-
Nod csry in the Spring. The estimated COST Of the
sIg5,Coo
II e property Of the Company. ether tbss iu RES
tsta.e consists Of doable track Of rsroad from Fiji
10 EightyiK'h street and from Pearl strset to he City
Hail, with irec track the eastsry side Of ~
Boxery, between Broome ant Grand street, sas kec6
from GraIo to Pearl street, and ono track heo ~
City Hall 10 the southery terminus ct Ann street. WA
the necessary switches and crossings 81 tee ren.
Cbathsm, Grand, Broome Fifth Forty -secoed, Otkl-
first, sixty. second, Seventy ninth end k9ne{ IL
streets, with two addiousi tracks betvsca ceH.y
ano Sixty eccnd STREETS and dogese S ~.;"sts
svenues. with the necessary tracks U P'"'
shop end in font Of the Depot ..,. ...,.. 49,.
The track II in very good CONDITION. nsvne -
reLa;red and put in complete order ne 1sst ~ ~
Atn street to YOLk vile me IG M ~;MH. Ia
hn;d;,, ON Iexnaton-sy and SHY -fnt s'rese vssaS
. nsi,t shop and bo-pitali frame eeilesng
liz IN sasfd ground ussds peSsssgss - -.
tbc building q. IIGlsm jnst coupstss .s ss.s s,X
nurro.e ard email b7ilding o. Tsra ~ 80
Sasd 33l h>ues ed II asis. oakAee ."