New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-26
OHIO and PENNsYLvANTARA Raj

OROAD COMPANY -$5cot.0 SEVEN PEA 800.
MORTGAGE LOAN-S,eed Proposals VIII be rtssssess
next Tor FIVE HUNDRED TEOUSAND DOLL 5Rs &c
the hIst and only Mortgage Bouds Of the Chic sn3 pt
syYauia Railroad Company, convertible into he So =
the Company al the pleasure OF the iodet a. sny t
vous 10 their maturity, bearing seven per cent Der ssy
1855 ''' ~ q 'sy,
These Bonds are 10 sums OF : t00 each with c ma.
and July 1' mary
These B33d are is:qed under he provisions OF the aes
cared by mortgage executed 10 John ] Palmer "
the City Of NewYork. in lius; for Boudhodefs =
This mortgage covers the entire Inc of the RDss e,,,
Pittsburgh M6ssilol, IN the State Ohio disltnre ~
07 mes, Tie cost Of which IS estimated al $1c8it56 s
The Trustee is empowered in OF sixty days enJ: ~
the payment OF interest principal OF the Bends Il, ,st
possession OF, and sell the whole or aay nan of Hs
aud provides further that Bonds 10 he a,lnt ~
one million OF doSrs ID AL may De Issued ofwhich tonpt
five hundred thousand dollars have Already beep IA. 80
Of principally in Eng IN the purchase Of rails spklss
chairs, locomotives &C leaving only The bonds now osIe9
be issued under the mortgage.
The proceeds Of The entire issue are exclusively sprea
TO the superstrucure and eqipnt the line from Pfs
burgh 10 Massiion The means Tor the coustyeton ha
road ready for the iron, have been amply provided 6y a
bic stock subscriptions among which the twin ciliss Y
S2o0,OOO
The Ohio and PENNSYLVANIA Railroad forms part Of ,ba
York Philadelphia and ST Louis, which when finished
will be shorter than any OF The routes between NewYork
and ST Louis.
The Inc between philadelphia and Pittsburgh viii be
ready for travel in 1882 by which Time the whole OF the
land Columbus and Cincinnati ROAD Intended 10 De Sna
shed
The portion of the road between Pittsburgh G1d Massits
lon is now under contract and progressing rapidly aeF VIII
be in operation 1851 from Pittsburgh 10 Beaver VII
be opened for traffic in july next ,n,
The immense ara rapidly Increasingly commerce y tts
burrh oined traffic be derived from several OF 9
wheat counties of Ohio through which this ROAD passes VIII
insure 10 large and productive business mat can never
diverted by any other route this without lAhnS tSo
consideration the long travel Joined 70 The ow COS. o. cons
strucion ESTIMATED only $6.59i per mile9 wI ns0rS
to the stockholders his hy rcmuneraVe dlYdenus ana
there is little doubt that the right OF converting these
Bonds into stock par VIII be awaited OF BY tho Bond
add greatly to the vau5 OF the SOndS, asst
will enable the Bond holders to share in the profits Of
the road when its results shall become matter OF act wit
out mourning any risk while The road being constructed
tits confidently believed that the Bonds offered or
sale afford OF the safest ana most desirable aecnhe3
FIVE HUNDRED THOUSAND DOLLARS are noys
offered for sue.
The entire amount will be disposed OF absolutely and
without reserve 10 the highest bidder.
Sealed proposals tor sny amount not less an $Ve WIZ
be received the Office of the undersigned lnb O'clock
on the seventh day of December next
Proposals TO be addressed TO WlNSLOW, LANtER L
co 50 Wallst NewY ork and Endorsed Proposals fox
Ohio and Pennsylvania Bonds
printed exhibit OF the affairs Of the Company, contains
ing map of the road ard It's connections together with Coz
pies of the bond ana mortgage may be obtained on apple
cation TO John j. Palmer Esq NJ the Merchants BANK orto
the subscribers who will furnish any further inormahon
which may ue desired
Parties whose bids accepted will be required to pay
w ety per upon the amount awarded to them imme%
daey upon being notified Of the acceptance of their bids
ard the remainder equal The first day OF jan
uary February, March and April neXt-6ut any parry WIZ
be at liberty 10 pay in full at once,
Interest VIII commence from the day OF payment
WlNSLOW, LANlEN 4 co. 52 Wallset
New-York 21st November 1880 n22tD7