The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1850-04-01
From Horns Railroad Gazette.
OFFICIAL,
Evansville & Vzucenues RAILROAD.
PRINCETON. Ind. Feb. 4 1880.

Evansville Il Vzucenues railroad.
PRINCETON. Ind. Feb. 1. 1850.
The Evansville and Vincennes Railroad
Company desire to purchase Iron for their
road-to enable them to do Sc, they wish to
sell bonds on the city Of Evansville to the
amount Of 100000. I, as President Of the
Company, have been appointed to make sale
Of them.
The bonds viii draw 7 per cent. interest,
payable semiannualIv in the City Of New
\ orh running 10, Is, 20, or p years, as may
be agreed upon.
The ability of the city of Evansville to pay
the interest, and finally to redeem the princi-
pal, viii be demonstrated by proper and sat
isIactory documents. Her present pOpula-
ton "a large portion Of whom are the better
class Germans.) ranges between seven and
eight thousand souls. The city assessments
for taxable purposes amounts to near $780,
coo.
The Evansville and Tinccnnes Railroad "a
portion OF which will be placed under contract
on the 20th February is intended to extend
from Evansville. on the Ohio river the prin-
cipal commercial city in the south western
part Of Indiana via Princeton to Niacennes
and ultimately indianapolis the capitol of the
State-WherG 1t will connect with the Belle
iontaine and other roads passing through the
State of Ohio; thereby afIordng u continuous
railroad connection to the Atlantic cities. 1t
crosses the projected railroad from Louisville,
KY, to Alton on the Missssippi-and also the
projected road leading from Cincinnati to St.
Louis. The distance from Evansville to Vim
tcennes is 50 miles; that portion Of the road be-
tween Evansville and Prnceton-a distance
OF 264 ndIes-wIll be placed under contract,
as above stated on the 10Th day ofthe present
month, (Feb'y)
The estimated cost of this 265 miles, inclu-
ding Trail is $239O00- this does not IN
clude locomotives, cars and buildings. To
pay for which there has been subscribed
/ S279, SOFAS follows: 100000 by the city
Of EvQnsVllle-5 100000 by the county OF
/ Vanderburgh-both by vote Of the people in
lis iavor-and .S79,500 private subscription
The Company will be able TO finish the road
complete ZIP to the iron. with the county and
individual stock-leaving the ctysnbscription
to be applied as far as II viii 90, TO the pur-
chase oiIron-Which viii probably cost SI40.-
COO.
This expose. it IS conceived, presents this
road in Il very favorable point Of view. There
is nothing visionary or uncertain about it
The company will finish the superstructure
Of the road, prepared to receive the iron, and
not one adoiiur for H. and besides, have the
proceeds OF TIE 100000 Evansville City
Bonds, with which to make a paymen. for the
iron.
With this statement Of facts the Company
go into market with these Bonds. and ask for
Il purchaser Who will make an offer.
The Bonds will be issued in sums OF $1,000
each, coupons attached-drawn by the City
and made payable to the company. The
Railroad Company will endorse them and
guarantee the punctual payment Of the int
rest, and the FINAL redemption of'the principal.
An ordeG viii be sent to England for the iron
+. Gfnot purchased in this country as soon as
an arrangement can be made, or sale effect
ed of these Bonds
SAMUEL HALL.
Pres't Evansville g. Viucennes r. r.