New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-10-12
y thu 9TH inst. have been as follows:

| The Cincinnati Commercial Of Oct. learns that
| new combination of q number of Ohio railroads IL
under consideration. II is proposed TO unite the
Cleveland, Columbus and Cincinnati the Springfield
and Delaware, the Sandusky, Dayton and Cincinnati,
and the Dayton and Michigan, and the Cincinnati,
Hamilton and Dayton lines, under an equal division
Of traffic. The contract has already been signed b.
the officers of the Cleveland Columbus and Cincir-
matt lire and ratified by the Board of Directors. It
Is provided that taking ncinnat as the distributing
point, oil rail freight, for the East shall take the
Dayton Delaware and Cleveland route; all rail
freighs for the Northwest to take the Dayton and
Michigan road-the latter being allowed TO co npets
in this city for Eastern freigbts Rail and water
feghts to take the Ssndusky, Dayton and Cincinnati
road. The Commercial is about right when II says
that the inspiration to the present movement
comes, primarily from Dean Richmond and tho New
York Central interest, and the matter lie well planned
The Cincinnati Enquirer Of Sept. 6ssys:
The great railroad feature Of the West Was the
sale Of the Covipgton aud Lexington Railroad, ct the
Court House in Lexington, at noon, yesterday, under
decree OF ths Fsyete Circuit Court favor Of James
WirslJw, Trustee &c, Of first add second mortgage
bondhDlders The first bid made by Mr.. Vslstts,
who named 81 1893, $50 "a. DIR. Shswhsn raised the
bid $4,000. followed by q similar advance by Mr..
Ernst, making 81 9i3 6o3 "a. Mr.: Hoge added w. 200,
and Mr. Sbawhsn advanced the bid $1,000 This vas
off to s. 600, each, between Messrs. Shawhsn Ernst,
and oge until the aggreg reached 81 COS O1 whsa
Mr.. Ernst raised that amount Il 900 only.
"The bidding proceeded in this order 81 600 advance
by each until the total reached $2Ol600O when Mr..
Gedge pot in voice for the fst time, at that figure.
and Mr.. Hoge dropt out, bu. came 10 again &C
$2,C26,O00 for single bid. Mr. Ernst and Mr.. Gedgs
still continued their competition for three four bias,
when Mr.. A. ID. Ssyers, Few bidder, came forward,
and continued anil tho aggregate reached tlO37 0O0.
when he few the track
Messs. Gedge and Ernst then continued lively
competition, each advancing the other 81 900, until
Mr. Hoge who had consulted with his s,socistes,)
once more took up the work and bid g., 06l 0O. Mr..
Ernst then drop out and left Mr.. oge and Mr. Gsdge
the only competitors until the bid had reached a. O5
600, when Mr. Henry Bell Of Lexington whom rumor
associated with Lexington and Frankfort INTEREST,"
made a bid Of that figure. Dir. Hog quit the arena,
and Mr.. Bel and MIR. Gedge continued 10 aivsncs
81 900 at bid until the aggregate reached 6o3
"a cents, when the bidding ceased and the Conmis-
soDer struck of the road at that pTce to Mr.. Gedgc.
This result generally expressed opinion not a. fsait
places the Ctvington and Lexington Railroad ia the
hands Of Mr. X. Il. Bowler.
The terms Of the sale required that go 900 IN cssh,
or its equivalent fhoud be deposited With the Com mis-
70 make general analysis, require the payment Of
S2tsDU in Elk, twelve and eighteen months, the
baaI Of the total running through period Of ABBOTT
twenty four years, until 1888 including which the prn-
cpsl and interest Of al the bonds become due. Tns
price paid the fret and second mortgage boads
and the preferred thirds end about sl OF the IN
come bonds.
The road originally cost some 81 000, 600. The
amount Of bonds outstanding may be stated In round
Gums, "a follows:
sseood mortgage
Third mortgage bonds $3.50
5ooos indo5ssd y 70 49,
Ecans Issued y Cincinnati WV"