The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-19

eNncr January koV NSle SO 76i Oi3 so 0T3 Isp
ii the s''osd lana Ant ~ ns se.e,p
SAGE aye .ikel, 20 eishly ,ucc~asful E-ey no.
tu!n from the 'and osaneot OF the Iiool. tso- Raj
road rornany SHOW. tbe ol r-iad prog rer- n III
aud sesmest Of ,ns' lands roAy ere res,z.s moro
than the met estimates Sovrned a, earlier
d.y The r$sua Ca not ba, prUve aha, ell toe
mote sections II the .e. require, stve gres,
The ands Ia the snsiFucnon OF = railroad, pg
Lee for nmene p'oocis Of tho'e fertile regions rha Ia,
month, Statement, from tho land department of ln
pral Railroad omJsny VA q very favorable one
ri,ere Cancelled the 1t OF aug ist 1870 100 II
bonds by mers or lsus N III da0 In TIL
os' e'x tins II ,he pre--p, yesr
dted TO DC interest fond SOL 8 50 being cash
during hs, time for sales o. Interest fund lands
More than double the amount OF notes rn,u
during the last elk bths OF ibis year thsn
In the ~hcle period previous to July !, 1857 70
10 the lsf Avg st. bT, The aggregate aud cscs mount
ed to SIS a3 ,s43 ~ During the nrss ton days in
Argnh the Gales MP than 500, eco At the full
average Tho Hrst gage issue of bonds by the CON
pauy "a. for ofoooo II shps appears that sith near
y one add hslf millions of of lana still 10 hand
the land sales Up ~ Avg let within about 81 cN 200
of the FRS, mortgage bonds From Jauusry to Aug ISL
l. 1857, the land sales Amounted tn OIL ,n.t
sie2l7s "a for the corresponding perio; has year,
showt SALES thr year to nesy double the am aunt of
as, 70 the same Cate The eale OF the Of
he COMPANY at the average slready realized woaa give
se5ol s2s S. which, with tho sales up 10 Aug ut
], would give egg gate Of sa343ei72 OF Ths CAPT
tai of The company, according 10 the sanus report
Was s23, i0o,ae es The gross earning, Of the Illinois
Central Railroad Company for he nrst of the
present focal year amounted TO 81 Cos ol0 81 against
se72 seS 60 for the corresponding period last yea,
The new mar gement OF the Erie Railroad Company
have just pu. forth IL nrst financial programme Hore
IL ct full length
INV YORK Frs RAILROAD ConpASY-fRoPoAps pos
eubsc-ptots will DO rcce we'd n the Office Of the View
Yorh and Erie Railroad Company In the cit. 81 Me-
YORK, until The hr,t day n November 1877 vur
chs'e OF Is GEO. Of the bonds OF the company re-
detmabie the 1st OF October $780, bearing per cen,
interest psyDg semi annually, on the first days Of April
and October.
Tie will be sold At par psyable a. io,o~r--
80 per cent In ~ the unsecured bonds or the com
Ishy, Teoeensble in 1892, 1874 aud 1875
10 pev cent IN cash at the time 81 Subscribing
20 per cent IN ,tby ins.septs OF 10 per cent, or In
cs,h, at the option Of the purcna. ere.
Theee hoDos guaranteed morsap on the ent.re
rond and s franchises, all me eaehod p5oDorty o.
the company including the wbs,vo,, ferry privileges
and landed property tire Long Dock company Jersey
City, eDd ou tho ent-e equipment of the CO npaEy.
The object ~ The loan funo the present floating
debt OF the cornpaDy and 10 Obtain con,nno
conetucou OF The tunnel, cepc wharves and other i'm
Ivovt menu or the long DocS properly II will only ~
case the percent indebtfd Of the company about
81 600 600 The following Is comparAiye staernent Of
the raw and present. fparc's rosition si the
up 30, SIS Sep 30, SO Ano ,'5T
I II pent Effrn "a Ia I'd a ,neo