New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-03
FINANCIAL.
ohio and PENNSYLVANIA RAIL

OROAD CoMPANy-$5oOOoO SEVEN PER CENT
MORTGAGE LOAN.-scaled Proposals vii! be received
by the subscribers until Saturday the 7b day OF December
next, for FIVE HUNDRED THOUSAND DOLLARS OF
The and only Mortgage Bonds Of The Ohio and Penn
syyania Railroad Company, convertible nto the btock ct
he Company the pleasure OF the holder at time pre-
yous Their maturity bearing per cent per snnuIn
Interest," and redeemable In NewYork on The lst OF July
These Bonds are in gums OF $1,000 EACH with Coupons
attached. payabein New-Yok 90 inc lat OF esch January
These Bonds are Issued under the provisions Of The
OF the Legislatures of Ohio and Pennsyyana and are 40
cured by mortgage executed TO John j. Palmer, Esq Of
the City Of New.York III trust for The Bondhoders
This mortgage the entire line OF the Road rom
Pittsburgh Masson in the State Of Ohio, distance of
lG7 miles the cost Of which is estimated at S2O95o00 and
the Trustee empowered In OF sixty days default In
the payment Of interest or principal OF the Bonds TO lak
possession Of and sell tbs whole or any part Of the
and provides further that Bonds 10 the amount OF
million Of dollars in all may be issued Of which amoont
i've hundred 0usend dollars have ateady been Opposed
of hncpay in England tn the purchase Of ras spikes
chars locomotives, &c leaving only the honda ROW offered
be issued under the mortgage.
Tie proceeds The entire issue exclusively applied
10 the superstTuCure and equipment of the me rom flt6-
burgh massiou the means for the c0nsrlcuon OF h9
road ready for the on have been amply Peoydeo oy fs
bic stock subscriptions among "mch me tWn sluss OF
Psaurg and Allegheny have each subscribed and paid 10
$780, coo.
The Ohio md Pennsylvania Railroad forms part Of iha
grea direct line Of Railroad between Tie cies OF New.
York, Philadelphia and ST, Louis which, when finished,
VII be shorter than any OF lie routes between Hew-YofR
The line between philadelphia and Pittsbnrgh win DO
ready Tor travel In ls52 by which time the Whole Of tho
Ohio and Pennsylvania road its junction with tho CleYe
land Columbus and Cincinnati road ID intended u be I'm
shed.
The portion Of the road between Pittsburgh and MasgI.
on s under contract and progressing rapidly and VIII
be In operation in 1851 from Pittsburgh 70 Beaver VIII
be opened for THfic IN July next
The immense and rapidly increasingly commerce 81 Hllts
burgb joined 20 the traffic to be derived from several Of NE
wheat counties Of Ohio through which this road passes VIII
insure large and productive business that can never
bo diverted by any other route this without taxing hits
consideration the long travel joined 70 the low eosl Of con-
strucon ESTIMATED at only $l659f per mile1 WIZ lnsoIs
to the stockholders highly remuneraiiVe dIydsS brs
Bonds into stock par viii be aTalled 81 ~ tns Dohd
holders and add greatly 10 tue Y8iue VI VIC Dppts 10
win enable the Bond holders TO snare IN the prohS ~
the road when it's results shall become INSECT y, - III
believed that the Bonds nov oGsred hpf
sale afford one OF the 0afeSi ana most oeah@'
IN F re EpfaH 1if THOUSAND DOLLARS are now
offered for sale. go, , . 4,,,oaad M shsot,,stv ans
The entire amount will be dlsPosed " AOso'asJ 500
,,Hout reserye to the highest bidder =, 80.
ssId nyooosals for sny amount nor man so NJ p
n rsneiyed n the Office 0f the urdefagneo pnn O'Clock
IN Inc seyenth dBy Of December nexL -, , ,,,,
on p tne m he Addressed u WINSLOW LAHiEB b.
c6 d VAS; EewY0rk and Endorsed Proposals for
ONO and Pennsylvania bonqs; y, t. ,,., .,.
m mar OF the road ard m connectons togehef win CO.
10 NJ t6e bond and mortgage may be obtained on spph
alion TO John Palmer Esq Al The Merchants Bsnk OF 10
he sDbscrbers who vii! furnish eny further n!ormsogg
which may be desired
Parties whose bids accepted Will be required 10 paFy
eny per cent upon The amount awarded To them nnse
and he remainder in equal smcgnis the frst day Of s
uarY February, March and p6i neXtbus gGy parry zg
be a. liberty 10 pay In full a. cree. '
Interest Wil commence from the dny ofpagnnent
WIh5LOW, LANIER 4 CO b2 Valst
EewYork, 2lst H0yemter, Is5o. n2H17