Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1857-05-29
SALE Or THE MAIN LINE.

4 rue safe OF tse AHalI i1lBH OF tie TuDllc
/ Works has received the sanction ofGoyernor
Pollock aud is n1w laH The Governor
has already Issued an advertisement for the
sale of tie Main hine u public auction at
fta Merchants Exchange iu Philadelphia:
son Thursday the 2olh of june next. We
have no eonlt that sale viii be effected,
aud the people relieved Of the burden which
has SO long been pressing apon taem b5s the
retention OF these works. 1t is understood
that the Pennsylvania Railroad Company is
I willing to assume ;he possession OF the works
on the. conditions nsAled. TIE Sinking
Fdrd Will thus receive gularly, from re-
/ spouSblepar,y, handsone annual SUN, and
the public debt, now over forty niillicn Of
dollars, sill be certain pf speedy dininu-
tion--a desiderutunl nhieh experience has
demonstrated that it wonld be vaia TO expect
while tie, works are in the hands of The
leeches who for SO many long years have
used them for their personal and political
/ .sggrandizemeut.
The works included under thc term SMain
Line are by the second section defined to
be, the PIiia6elphia and Columbia Railroad,
the Canal from Columbia to the junction at
Duncan's Island, the Juniata Canal from
thence 10 Hcilidaysburg, the Allegheny
Portage Railroad, including the new road
to avoid tie inclined planes, aud the Canal
on the %est of the mountains from JohDstown
to Pittsburg, "with all The property thereto
appertgining or in anygise connected there
with"
| The third section makes 1t lawful for any
parties or company now or hereafter to be
incorporated, TO become the purchaser for
any sua, not less than seven and half mil
!. lions of dollars, AID in the event of a sale
] to individuals, gives them tlreright 10 assign
and transfer their fight under ssch purpose
10 any Railroad or Canal Company created
By the laws Of this Commonwea lib, on eoin-
/ plIance wiih the terms Of said sale hy the
State and t9e payment or security Of TIE
pur ,hase money to the Commonwealth !;
and should any association of individuals
become the purchasers, Is aforesaid, the
Governor is authorized to grant them letters
patent aneer the name, style aud title Of
he Philadelphia aud Pittsburg Railroad
and Caaal Company. 10 bid is to be ac
eepted uhies 5 the party or parties. purchasers
pay one hundred thousand dollars in cash or
State bonds on the day efsale, which is to
be forfeited in case ofnon compliance vita
the terms Of sale. Il is further provided
thatif The Pennsylvania Railroad Company
| shall become lie Purchasers, they shall pas
not less than aiRe millions bf dollars, of
which 100000 is to be deposited With the
bid, and the entire payment is to be made in
Eve per cent. bouds of the -Co41pany, the
interest of'whieh is to be paid dseini-annually.
OF these bonds, 100000 will fall due July
3lst, 1858, and $1,000 annually there
after tilJuly S1st, 1890, when 81 600, ,000
VIII fall due, aud 100000 annually there
after til the Whole IS paid. Upon The
executien and delivery of the bonds, the
State agrees, in consideration OF the extra
two Dii4ions, that tho said Peuusylg
Railroxl Company, and the Harrisburg,
Portsmouth, Mount jog and Aaucaster
Railroad Company shall be forever diScharg-
ed from the paymelt; Of all taxes 'upon ton
mage or freight carried over said roads, amt
also released from the pq, ment ofState taxes
on its capital stock, bonds, dividends, g.
The Pennsylvania Railgoaa Company is fur
ther to bo allowed to purhase or tease
the Harrisburg, Portsmouth, Mount Joy
Lancaster Road, to straighten or improve
the Columbia Road, and 10 extend tic same
to the Delaware river iii tue City eff Phi!a-
delphia, and to deepen and improve the ca
nal portion of said Main Line as TO them
may seeih proper.
| The remaining sections prescribe that tac
parties purchasing shall Keep the works in
good repair, provide the necessary motive
power, lock facilities. and keep The road
and canal forever as public highway, for
the use cf all persons Or compauies desirops
of using the saR1e, they paying fair charges
add rates Of toll which shall rot exceed the
rates Of toll prescribed in the charter Of the
Pennsylvania Raiiroad Company: and that
The rates of toll charged epon the canal shall
not be more than eighty per centnm ofthose
prescribcdiin the charter of the Union Canal
Company. 1t is also rrosiied that the en-
tire proceeds of the sale of said Main Line
shall be paid to the Sinking Fund, and APP
piled exclusively to the paymout ef the State
Debt Errisbug Sentinel.
-PLANrlrIoS ron Ex- x-PkEs4DENr
2ERcg.-The 1icksburg tNissl Waig
states that $4,000 was subscribed in that
city; III one dav, the 9Th of May, to purchase