New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-17
BUSINESS uorrnrr


MICHIGAN soUr5ERH 6AlLRoAD CoapISsSS>,
S4OU,0O0 sAvEa PER CENT MoSfalag 1ei.
~ Relled prcposAlI tlr four hzndrsd hog al
the frpt and only Mortgage ards Of the chy.n So
Railroad Company, he'riDg ssysa ps, cen, ,p,,,s
be received unta 18Th dsy OF November next 'a
Yhese bonds sro issuea under ,be proyislon. Of -,
act Of the Legislature az Michigan, sphortzisg II,
psry to dlpose CT OF seH their ohz,aoss e,se, 80.
or without bat lac, such rstes prices =, ,.,
sgreed upon and sold below Pr to be sia:is,ss
sold at par.
Tier are .eeured By a mortgage sxecg,ut 70 ss.,S..
Bnsrp ESQ OF It's ci.y OF New You, II u, Fs ,tssa.
holders
This uorigase covers TIE entire the u ths Gamma,
Road Michigan whether elrosdy built hstesh.,t
eontuuctd. end It provides lhAi bonds 10 en- sao.,.,,
exceeding million OF dollsFs IN sn msy be i.4aaI
witch amount not than $ooeco can Re isape3 u,
ter Tie Road 'hs save been completed 10 siargef Pas
DIS sree OF III mica from Lake Erie 10 wlea p,,,
Willie completed by the hrtt OF JAnusFy ue1l
Tbe security offered for Ice bonds u therefore uo,,
hen, szd substantially the oly Hen, upon ns,s M.
when coupeIe TO the state lii OF Indiana viii h.vs -.
" 40 miles ofmsin line, beside branch oflo 1. :.
which viii hsve cost including tae original oat., S,a.
stae ard the relsyipg the present track about q "a ~
Of which s. see eco win be represented by siock
TIE portion OF The road already IN operation sbo,,
uev, ,lelds an Income ample proise; NE eatlre Az
proposed 10 be created, and The length OF Completed NJ.
and Increase Of revenue Is daily aerssgtp,
ordirg security which win place tho psymeucf hs ss
Beyond all contingencies.
For August, 1850, The earnings were SEAT e. Fv
September S2O4sO These receipts were derlveA ou 4.
road in lis present unfinished condition. Fifty nje,
completed road W III be added 10 Ii within three us
and Will be extended 10 the d. joseph' Rye etusiss
ana SAFE line, early spflug, thua doubling lbs sA
OF the main line now In operation
This rosd is par, OF continuous line Of RAILROAD. s
The city Of Hew.York 10 he Mississppi River vsya
the Erie Railroad and the Lake Shore Road, Tad ,a.
porisnI lirs II ire chain,
Nearly the whole OF this grea, line from NewYoAaA,
msss,ipp, River Ia either completed Or IN The counsel
construction.
- the Tor tho conjunction OF ,hs road ready ~
he iron provided By stock subscribed ana Ssing MA
in By regular ipstsmeniS And the proceeds Of tas e
Me mainly required for Tho purchase OF iron bcayy M
and equipments lila belieY iha. -&tro'i benllbels
srubllc offer greater indlceuent Tor safe nye,!neon,.
ibose OF this Company.
Che mortgage empowers the Tueees In esse OF hga,A
q pay the pfncips o. inteTes OF tie bands take po
ion OF toe road and receive IiO earnings aeuk a
Que uoce erd apply tic proceeds 20 he S1angpisansa
Of the dent
The bends are IN suns al $1,000 esch payable ia
MeCbHrCa BsuG, 10 the cry CT NeN uFEi NOV lI &A
viii Interest at seVen per cent per ennnm payable ,sa
annually Ia New.York, on the Isl Nov. snd lat 4u-
Interes warrants or coupons attached to the boud
-Four hundred thousand dollars 81 the bonds ATS LIZ
offered for sao.
Sealed proposals for any amount mol c9G thsn l0Nv
be received until The 18Th day Of November next
Proposhls may be- addressed 10 WINSL0W, LANIgsk
co 50 Wallet or to z. C LTCHFlELD Tressare,
wsIisf indorsed Proposals for Michigan Southern Eu
road Bondsn
s2cOQ00 (half The amount now oferedl viii be dlEa
of absolutely and without reserve the highest bs
The Company reaerye tho right TO withdraw the remlaax
II he offers era not Iatiitactory.
All necessary information In relation to ths boadt %
geher with mspE, may be obtained by calling WIFE,
Low LANlER & co, or E. C. LlTcnFrLp, aasHd
hch pisces copies oflhe bonds mortgage can bssA
application &C Shepherd Knapp Esq President Of 'hsH
chsncs' Bank, Jamee Van No3!rand, Esq Pfas41i
OF the Merchants Exchange BANK.
Paren whore bids are accepted will be required 10 ~
q per cent upon the amount awarded TO Ihen immsds
ly upon being notified OF the acceptance OF .hsir bids
tbs remainder in equal amounts the Isl aud l5hdDl
cen next; but any party will he at liberty 10 ps3 abb
a. once Interest viii commence (fon the dBy pEEss
New.York, October 5, 1850
GEORGE BLISs,
CHARLES BUTLER,
JOHN STRYKER
JOHN B. IERVIS,
EDWIN G. LIRCHFlELo
ol5A Committee OF lbs Director