New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-11
MICHIGAN SOUTHERN RAIL

ness and capital required Answers without the name 4,
The party viii not receive attention pllle
MICHIGAN SOUTHERN RAIL
EERoAD COMPANY.--$A00,000 SEVEN PEz
hundred thousand dollars Of he first and only Mortgage
Bonds Of the Michigan Southern Railroad Company, beas
seven per interest viii be received unit! 18Th DAY 4
Thess bonds are Issued under the provisions Of .pNl
act of the Legislature Of Michigan authorizing Tie Company
to dispose of or sell their obligations. either within witt
cut that State such prices mag be agreeiar
and II sold below par 10 be as binding as Il sold 81 pa
They are secured by mortgage executed 70 Sheppard
hoide1s.
This mortgage covers the entre line OF the COMPANY,
Road in Michigan, whether already built or hereafter ID 30
constructed and il provides that bonds 10 an sx
cerdine one million ofdoars in all may beissued Of ybs
amount not more than 100000 be issued until after Ac
Road shall have been completed 10 Surges Prane d.
lance OF III mles from Lake Ere TO which ponI II wAa
completed by the first OF January next
The security offered for the bondsis therefore nortsa
er. ard substantially The ouy lien, upt read whch
when complete 10 The state line OF ludiana VIII have
y lao miles OF main Inc beside branch OF ~ miles sd
which VIII have cost including the original outlay by As
STATE snd The relaxing the present track about soGGe
of which Sl.500000 viii be represented by stock.
The portion Of the road already in operation aboit n
miles, yields income ample to protect the entire de
proposed 10 be created and the length OF completed lie
and consequent increase reyerue, 10 daily Increasing
fordng security which VIII place the payment Of the dS
beyond all contingencies
For August, 1850, the earnings were $le4l7 q f9
September $20.80 These receipts were derived nom 10
road in It's present unfinished condition. Fifty miles
and will be extended to the 81 Joseph's River ct The lnt
ana State line, early next Spring thus doubling The eHgA
ofthe main Inc now In operation
This road is part OF continuous me or Railroads fG-
the CITY of NewYork to the Mississippi River by wtyd
Erie Railroad and the Lake Shore Road and lin,
porlant link IN the chain.
Nearly the whole OF this great line from NewYck tina
Mississippi River is either completed orn The coureeOftn
strucuon.
AS the means for the construction OF the road ready o he
iron provided for by stock subscribed and being pa&
by regular nsalmens and the proceeds OF The bonda us
Dl,s y ~ ya5a
equipments it is believed that railroad honda oefOBas
public offer greater tuducement for safe investment Aal
those OF this Company.
The mortgage empowers the Trustees In case Of failure
pay the principal or interest OF the bonds to aAe po'ses
the road and receive is earnings, sell IT, ondus
notice and apply the proceeds 10 the extingashmenI Of be
debt
chanics Bank in the City o, NewYork, Nov l. 1890 with
per cent per annum payable sempa1ua
~ in New-York. on the lst Nov. and LIST May interest
warrants orcoupons, are attached to the bond"
Four hundred thousand dollars Of the t1IdS are Rowol
fered for sale.
Sealed proposals for any amount non lessthan eco viii
be received until the 18Th day Of November next
Proposals may be addressed to WINSL0W, LANlEa4
co 81 Wall-st. or to L. c. LiTcHFIELD, Treasurer o
Wall,sL Endorsed Proposals for Michigan Southern Rail-
road Bonds"
$4,000 half the amount now oferedl will be disposed
OF absolutely and without the highest bidder
The Company the right to Withdraw The temarde;
II The offers are not satisfactory
All necessary information IL relation TO the bonds oge
AN MT CO Orr ITcHEiEI. at either Of wl1
places copies of the bonds and mortgages can be had
Copies OF the bonds aud mortgages may also be seen 90
application TO Shepherd Knapp ESQ PresdenLo i he No.
chanics Bank, James Van Nostrand ESQ PreademOi
the Merchants Exchange Bank
Parties whose bids accepted will be required topy
25 per npon the amount awarded them Immediately
npon being notified OF the acceptance Of their bids and ne
remainder III equal amounts on tho Isl ana l5th Of Dete
o next 9q any e @ ~ o NJ ee dsy Of
New-York Oct. 8, 1880.
GEORGE R fG%HTrES OF TaT u Pls sTRSKEK
CHARLES BUTLER, JOHN B. JBRVlSr
oI9 Ii EDWIN C. LITCHFIELD.
MARINERS BANK OF KENTUCKY.
n SUBSCRIPTION TO 10000 Of the CAPITAh
STOCK of the FARMERS BANK KENTUCKYGlha
undersigned having been appointed by the Board OF Dc'
tors OF the above named Bank their Agents In this dyiofe
ceye Subscriptions to It's Capital Stock to the amount d
$500 900 give notice that Books for that purpose ar
now open at the Office OF WINSLOW, LANIER l. v0
81 Wallst where subscriptions viii be- received unulW
Five thousand share Of 500 each are authorized to b
sold par $50 each share mist be paid at the um9
subscribing $50 the 18th day Of January next ileolh
the residue subject TO cal by the Board OF Directors
ties at the time Of subscribing may however, pay 'of 'HH
shares IN full II so disposed. ,-.L
This Bank chartered by the Legislature OF kentucLy
at s last session. to supply, In part the demand lo aois
capital growing out Of the wholesome business "ahls
tie citizens Of the State, the present Banking CaPa ops
VISIONS has thirty years ~ with no power re-
the Legislature In any wise TO alter control lbe
ita Stock is 81 100000, OF which about s7ggo aS
Already been taken III hencEy, the residue ,Sai
*1OOGo here offered, VII be taken by cluLehs " @r
Branches, Is now in operation The Mother bN e. " "
Gated at Frankfort the Sea. Of Government Inc s11
Kentucky is believed 10 be most favorable and ecl' "a
cation for Banking Capita me exports Of tis S@ MA
very great consisting principally of hemp corn, Gss9
horses mules, hogs, bale rope b9gging &c &c p asa
tate which large amounts Of Exchange on me sGQa "a
North are Offering To the Banks ~.
behigh credit of tie Of Kentucky and mai o. ha
Banks are evidence OF what this new Bank Will oe NO
credit and standing o. her Banks are equal to those
other State in the Union their notes form an m9o!ang@s
of the circulating Medium OF he Mississippi Valley palS~s
from fskf D Orleans