New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-05
sIOOMl() TO LOAN ON BOND
nHIO and NNSYLVANIA RAIL.

OROAD COMPANY 100000 SEVEN PER CENT.
MORTGAGE LOAN-Sealed Proposals viii be received
by The subscribers until Saturday, the h day of December
next, for FIVE HUNDRED THOUSAND DOLLARS Of
the frs, and only Mortgage Bonds Of the Ohio and Penn.
sylyana Railroad Company, convertible into the Stock Of
the Company at the pleasure OF tie holder at any time pre-
interest aud redeenabe in NewYork the LIST of July,
These Bonds are in sums of 600 each with Coupons
attached, payable IN NewYoTk on the LIST Of each January
and July.
These Bonds issued under provisions OF The acS
e. me Legislatures Ohio and Pennsylvania aud are ge-
cured by mortgage executed 10 John j Palmer Esq OF
the City of New York, in trust for the Bondholders.
Pittsburgh to MasSou in he State Of Ohio disiance Of
lO7 miles the cost of which is estimated S2095000 and
the Trustee is empowered Ia OF sXty days default In
the payment OF interest principal OF the Bonds to take
possession Of use and He the whole any part Of the
sane and il provides further that Bonds 10 the amount OF
million dollars IN all may be issued ofWhich amount
6ye hundred thousand dollars have already been disposed
Of principally in England in the purchase OF rails spikes
chairs locomotives leaving only the bonds offered
be issued under the mortgage
The proceeds of the entire issue exclusively applied
the supeructlrc and equipment OF the line from Pitts
bureh TO Masson the means for the construction Of the
road ready the iron have been amply provided by rea
bic stock subscriptions among which the twin ces Of
Pittsburgh and Allegheny have each subscribed and paid In
The Ohio and Pennsylvania Railroad forms part OF the
great direct line Of Railroad between the cities Of New
York. Philadelphia and 81 Louis, which, when hnsned
VIII be shorter than any OF the routes between Ne"-Yofk
The Inc between philadelphia and Pittsburgh viii be
ready travel in l352 by which time the whole Of tho
Ohio and Pennsylvania road 10 its junction with The Cevs-
ished
The portion Of the road between Pittsburgh and Masg
lon under contract and progressing rapidly and VIII
be In operation in 1851 from Pittsburgh TO Beaver IL VIII
be opened for trgihc in July next
The immense and rapidly increasingly commerce OF Pitts
burgh Joined the traffic TO be derived from several Of hs
wheat counties OF Ohio through which this road passes will
insure large and productive business thai never
be diverted by any other route this without taking into
consideration the Tong travel joined the low OF con-
sructon ESTIMATED al only 1854 per mtleD will insure
TO the stockholders highly remunefaiye diydends, and
there ID little doubt that the right Of converting these
Bonds into stock at par VIII be ayaied OF by The Bond
holders and add greatly TO the value of the Bonds Is s
will enable the Bond holders TO share In the prOhs OF
the road when It's resuts shall become Of ac Win
out mourning any risk while the road being constfncp
ia confidently believed that the Bonds now oHereq M
sale afford OF the safest and most desirable seci
In the United States. .,s nov-
FIVE HUNDRED THOUSAND DOLLARS arc NJ"
offered for sale. -, ., sbsoInteIy and
The entire amount will be disPosed oi H'''
without reserve 10 the CHEST bidder than 81 900 viii
Sealed oYoposals for eny amount nil O'CLOCK
he received nj HE Office Of the undeiSisN' ~
on The seventh day of December nTgf5MsrOw LANIER
p-orossIE n he addressed " WIE1 Up ronnseIs Tor
! CO. So Wals- New t oiA, ~
ONO ana esibit Of the affairs OF the Cobpany ,b
= pfLhocu he road and It's connecIQisy ,ss5 On sn
ing map o. hS and mortgage may be oDtne1 VI aPPn
pies OF ne I0 Palmer Esq at the Merchants nsDky ofo
The subscribers, "hO ''ti4 ''
which may ios BIDS are accepted vii be required 20 pay
Parties nt nn0n The amount awarded 10 them iLnme-
twe envy Pn helm notified Of the acceptance OF tnar Dds,
oIasiy audeT In equal amounts or me sl cay OF jan
a' Faby11arv Mach and April nsX-0ut any PsfIy VIII
he Al liberty To pay in fu!l a. once ~, 81 .,,,en,
Irferest will Commences from The dey OF 11yisnI
WINSLOW, LANIEH u W 2z 'Ii,ss,
Eew-York, 2lst November, 1850 n<AD'
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