New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-01-16

Real estate other stations Nl 80
Total go ~
There are still few unsettled claims for land dam
ages Oh the Lebanon Valley Road.
In the last annual report the Managers recommended
se extension Of the time Of payment Of the bonds ma
saring July, 1860, which recommendation was ratified
aud confirmed BY resolution passed by the aockhod-
or at their annual meeting, held Jan. 3, 1860. On
in %. 1860 the Board Of Managers, in exercise Of
d authority, offered bopus Of 10 cent to the hold
On of these bonds for An extension Of twenty years.
The bolders of the p cent sterling bonds declined
TO extend them for twenty years for the same bonus
that was offered for extending the cent, payment
of the latter being essentially well secured &c the
former.
On being thus informed by the Company'S agents in
sondon lwbere the sterling bonds mainly heidi the
kspaeers authorized an alteration Of the terms OF ex-
sion Of these bonds by substituting fortwenty
VS. for q bonus Of ~ y cent, and 10 increase the
aus from 10 TO 10 9 cent 70 those oonsenting 70 e1
outstanding bonds of this class have been extended
= ended for twenty years........".sls2c coo .,o
r. cLssed FOR sinking fund end cancelled &c
Tere have also been extended for twenty all the
SO cent sterling bonds maturing In 1880 amounting
a. H. Is - , d 80 soS
Leaving Of ths dollar bonds extended not having
been presented ioi payment or extonfon...''.. 2SW
1Ot, amount outstanding Nos. 90 1859, - per lat
annual report - $50 100
The cost of extending these bonds for bonus COM
nlseions &c, has been $50 so S3-sn Of which has
been paid and charged to income account, which re.
8Fes thus much the available net income for the
,sr
inssnueh a. the extension Of the bonds due in 1860
sdeied unneeee sary tie use Of those due in 1886,
tended and reserved for the purpose OF meeting thu
IDS now extended, and which were intended to be
4. 10 sy,I boa
executed and recorded, limiting the amount Of the
ds secured BY the mortgage of 1857 10 - 5S6, 500
. the unissued bonds secured by this mortgage hav,
Cancelled.
tbe report states that the Company is Substantially
re from floating debt with the following assets In the
ttasury at the close Of the year;
q ssh and toll BIZ a1sdsy 1881
receivable Immediately sysl.able,,.,..''.. s,SSe "
sci3,s0S 10
1ts immediate n4tlla.s were coupons
ind interest os real estate bond', due oss ace
gafchs.sd, ss Ie;ci: :sscd IN jan
. On. IN current isicss iS
H's~ fysoie''' '''s''''''''''','.s''" N6i5 30 .s,,
surplus
70 this may Be added the profits for December su.
5at 70 MAINTAIN position Of financial independence
pasre beng no other liabilities prior 70 tbe April cou
pos andto continue tho policy Of avoiding the issue
dNtos payable, or otherwise borrowing money, as
Denks In cash.
lire is due for arrear Of dividends on preferred
AT iHSoss 401Jol es
Iheb will be due: -, =
;s ssss.s q F,sst;sned stock in slssso
eIshssst car. before isfsi:i TO-.
~ - Szx,sel 81
Tas.."".-.".".~...." o., oss, so .
ne u income for the past year, after paying all
seeEsssppicable TO the future, including interest
70 Wy, sS3 81, which was 1854 ,36S rs more than in
spS u shspld b agais sesased " the VIVA ".