New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-29
MICHIGAN SOUTHERN RAIL
Nv ~. u ..Gnln Q Mn nAA SEl.r.,r -


CENT MORTGAGE LOAN.-Se&ed proposals 0r h.
hundred thousand dollars OF the GrSi and cuiy AonssSa
Bonds OF Inc Michigan Southern Railroad Company oess
seven per cent Interest, viii be received unaI tSh dA
November next
These bonds are issued 1de7 the provisions Of spec
act OF the Legislature OF Michigan a6Jnzng the COpas,
TO dispose oil or sell their soIgaons either within or iS
out that State 1T such rates prices may be as. upc
anl II sou below par To lie a. binding Il sold par
They are secured by mortgage executed % SaepAa,A
Knapp ESQ Of die Clay Of NeWTok, ,ae bTcS
holders.
This mortgage covers tie entire line Of the Cornos,.
Road IN Mchs an, whether already 6u hereafter 10 81
constructed and provides th-i bonds to M anmnf ny -
ceedng million ofdo.a in all NAV be Issued; of,gs;S
amount not more than S0ooN be Issued until amer s
Road sha! have been completed to Sturges Prurie d.
completed by the hrst OF January next
The security offered for The bonds therefore moss>
lien and substantially the only len upon road weS
when complete TO the state line OF Indiana viii nave ueSy
y 40 miles OF main line, beside branch OF 10 niles ma
which Will have cost including the original outlay By Ia
State, and the relaYing tire preseH track, about S2Gn
of which 81 10000 viii be represented by stock.
The portion of the road already in operation aboata
miles Yields income ample 10 protect the entire sebt
proposed be created aud lie length OF completed Inc
and consequent increase OF revenue Is dy increasing a.
ordiugu security whic Will place the payment Of e6s
beyond all contingencies
September $20Se These receipts derived from Ae
road in lis present unfinished condition. Fifty miles q
completed road will be added 10 1t within three n0Hihs
and will be extended 10 the ST. Josephs RIVER AZ the in
ana State line early next Spring, thus doubling tho length
otthe main line now in operation.
This road is part OF conuuous ,ne OF Haoads ron
the CITY of NewYork the Mississippi River by way Of
the Ere Railroad and the Lake Shore Road, and as n
porHnt link IN the chain
Nearly the whole OF this great line from NewYo TO Aa
Mississippi River either completed OF IN tie course OF cc
structon.
AS the means for the construction OF the road ready M Tie
iron provided for by stock subscribed and being pad a.
by regular nsaments and the proceeds of the 6onB
manlY required for the purchase of iron heavy rail and
equipments is believed that railroad bonds before he
public offer greater inducement for safe Investment Asa
those ofthis Company.
The mortgage empowers the Trustees IN Of failure
TO pay the principal interest of the bouds 10 take posses
scn of the road and receive its earnings sell ndus
notice. and apply the proceeds to the extngushmen! Of tie
The bonds are In sums of 600 EACH payable the Me-
chancs Bank in the City OF Aewlork, Nov 1859, With
interest per cent per anum payable semi animal
" in New-Yor on the st Nov. and LIST May interest
warrants or coupons, are attached to the bonds
Four hundred thousand dollars OF the bonds afs now o.
ered for sale. ... ,.., La, Q, oOo In
be received until the 18th day OF November next .,n
Proposals may be addressed to WlNSLOW, LANlhR 3
Co 50 Wall-st. 10 +. c. LrcHPlELD, Ireasures Y
Walst Endorsed Proposals for Michigan southern ka'
road Bonds"
100000 (half the amount ofered( will be disposed
of absolutely and without reserve to me highest oadsr
The Company the right 10 NdraW inc fehanae2
If the offers are not satisfactory.
All necessary information in relation to the bonds togeh'
er with maps may be obtained by calling on WINSTON,
LANIER Co or f. c. LITCHFlELD, III either OF wnlai
places copies of the bonds and mortgages can be mad
Copies of the bonds and mortgages may also DC seen 9l
application Shepherd Knapp Esq rresdenn OF e me-
chanics Bank, TO James Van Nosuad, Esq tIeeueo "
the Merchants Exchange Bank. ,, -
Parties whose bids accepted will be required 70 PEI
25 per cent npon the amount awarded TO them lnmedlse
npon being notified of the acceptance of their bids and e
remainder in equal amonns on the st aud otn OF peS
Der next; but any party will be at liberty 10 pay IN LUZ
once Interest Will commence from The day % payloaH
CoMmIrTEE OF THE DrREcroEs
GEORGE BLISS JOHN STRIKER,
CHARLES BUTLER, JOHN b. JERVlS,
ol9 If EDWIN C. LITCHFIELD.