New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-07
nHIO and PENNSYLVANIA RAIL.
EnO,D Cnnp,Nv sam oon cCNpAJ pUp rrN1ns

N =
MORTGAGE LOAN.-Sealed Proposals win be received
by The e. 9 h9 an Day 81 %
the first and only Mortgage Bonds Of the Ohio and PENN
sylyana Railroad Company convertible into the Stock Of
the Company the pleasure OF the holder at any time pre-
vous 10 Their maturity bear1g seven per cent per ennlm
interest and redeemabe IN New-York on the lat OF July
These Bonds are in sums of 0O0 EACH with Coupons
attached payable in New-York on the Isl Of each January
These Issued under the provisions OF the acts
of the Legislatures of Ohio and Pennsylvania, and
cured by mortgage executed 10 John j. Palmer Esq. OF
the City of New. York IN trust for the Bondholdera
This mortgage the entire line OF tho Road rom
Pittsburgh to Masson IN the State OF Ohio dstance OF
lG7 mleS the cost OF which Is estimated al $S5OVo ana
the Trustee is empowered in case OF sixty days default In
the payment OF interest principal OF the Bonds TO take
possession Of ard sell the whole or any part OF the
same aud provides further that Bonds 10 the amount OF
one million ofdolars in all may be issued, ofwhch amount
FIVE hundred thousand dollars have already been disposed
Of principally In England In the purchase OF rails spkeg,
chairs locomotives &c leaving only the bondsHow offered
be Issued under the mortgage.
The proceeds Of The entire exclusively applied
the superstncre and equipment Of the line from Pia
burgh Masslon the means for the construction OF the
road ready for the iron have been amply provided by ea
BILE stock subscriptions among which the twin Giles OF
100000
The Ohio and Pennsylvania Railroad odns part 81 the
great direct line Of Railroad between the clt~ " hs
York Philadelphia and St. Louis, which, when metz
Will be shorter than any OF the routes between New-Yofk
and St Louis.
ready for uayei in 1852 by which time the whole Of hs
Ohio and Pennsylvania road ts junction with the Cieye
land Columbus and Cincinnati road, Is intended 10 be I'M
ished
The portion Of the between Pittsburgh and MasslI.
Ion, ID now undor contract and progressing rapidly and viii
be In operation in 1851 from Pittsburgh 10 Beaver il VIII
be opened for ttathc in July next
The immense and rapidly increasingly commerce o! Ps.
burgh joined the traffic To be derived from several OF e
wheat counties Of Ohio through which this road passes will
insure 10 II large and productive business that can never
be diverted by any other rOue this without taxing INTO
consideration tie long travel oued lhe low cost OF con-
strucdon ESTIMATED at only s659i per miIeD Wii insure
the stockholders highly remuneratYe dividends, and
IL. fiG9fit fa
Bonds into stock at par, VIII be ayaed OF 6Y me Bona
holders and add greatly Tie value OF he Bonds, as
viii enable the Bond holders stafe In The profits Of
the read when results shall become matter Of oct, With
out mourning while The road Is being constructed
lis confidently believed that the Bonds offered tof
FIVE HUNDRED THOUSAND DOLLARS ara now
offered fer sale.
TIE entire amount will be disposed Of absolutely and
without reserve 10 the highest bidder.
Sealed proposals. Tor any amount notices. ha1 $ioeo VIII
be received the Office Of the undersigned until O'Clock
on The seventh day Of December next -
Proposals TO be addressed 10 WINSLOFVI LAFlEh,&
co 81 Wallis, Eew-Yofk, and ndorsed Proposals Tor
Ohio and Pennsylvania Bonds.' ....
printed exhibit of The affairs Of the Company cynIa-
Ing map of tie road and lie connecoas together vim &C.
pies Of the bond and mortgage, may he obtanen OF spg
cation John j. Palmer, Esq At the MefchelLs
the subscribefs who will furnish any further nioi@'n
which may be desired. MT, ,.o,,t,ed IN ras
twenty Der ceot upon the amount awarded 70 tnsL ne
diateiy upon icing notified Of The accepse e., Isn
ard the remainder In equal amounts on o IT, - y I'm
uary February, March snd Aprl neAE-"A' N' f'' 49,
be at liberty To pay IN full a once , ~ os,,,oent
-1' 1' WINSTON, LAiJER Y W % ~ t a5,Issi
VorE2 : November, l5It.