New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-14
MICHIGAN SOUTHERN RAIL

CENT MORTGAGE LoASES0est@oY O,o ~ S PEI
hundred Thousand dos5s OF the drst add onl Nn~, o
bonds OF me Schlgan Souhern Railroad Company hssS
November next -'A '''a GAY q
These bonds are issued uade ire PROVISIONS 81 sDs,,
sc oi me Legislature OF Acgsn authorizing The CCrnSTs
to dispose OF or sell their cbEys.6Ds ebar ss,h,1
% Iia a such rates or prices mSy he agreed lpoa
s'I SOD below par, to De binding as If sold 81 pey
1ney are secnEed by mortgage exgc7sie,l \, SbsnAA,
h hSpp Esq OF The City OF NewYork in lGt for tho bond
ms mortgage covers The entire line OF The Co,,n.rv4
hoau m hcngsl whether already b1i or hereafter to ia
5 ou S S; PROVIDES tia bonds amount 10; az.
amount not more than So can be fssed nn6i saer he
Road shall have been coulpeS 80 $50, INV a'es Ss
tance OF III miles from Lake Ere TO ,gbeh r1 !, i -
completes mp oy ne s h[st Of January next -
The security offered for the bonds is therefore, mortgages
ben and substantially the only lien upon T.ad vhiS
when complete TO the state line OF Indiana MN Sa .s.
y l40 miles OF main line, beside branch Of 10 uss ana
which viii have cost including the original outlay Nv the
State and the relsyins the preseat track about 29oS
of which 81 10000 will be represented by stock N
The portion OF the road already IN oeeraaon asoat ~
nies yields an income ample 10 protect the entire deS.
proposed TO be created the len 9Th Of completed Ina
and consequent increase ofreyenUe is daily Increasing at
fording security which viii place the payment Of tho deSs
beyond all contingencies.
For August Is, 1850, the earning, were Sl6,i7 n For
road in its present unfinished condition. Fifty mfes Of
completed road will be added to within three mcniha
ana wiz be extended to the ST Josephs River At he nd
State line early next Spring thus doubling the leasA
ofthe main line now in operation.
This road is part OF continuous line OF Railroads from
the Erie Railroad and the Lake Shore R0sd aud IL al l
portant link in the chain
Nearly whole of this gres. line from NewYors to ne
Mississippi River either completed or in the course OF con-
struction.
As the means construction the road ready for The
Iron provided for by stock subscribed and being paid "a
by regular nsteents and the proceeds Of the bonds arc
mainly required for the purchase OF iron heavy nail and
equipments II Is believed that railroad bonds before ha
public offer greater mducement fot safe investment than
those OF this Company.
The mortgage empowers the Trustees IN caae of IAuru
o la aka
sion Of The road and receive its earnings to sell IT, due
notice aud sppy the proceeds TO the extnguisheni OF e
The bonds are In sums Of OO each payable at ,e Me-
chancs Bank in the City OF Newfork, Nov l. 1860 With
interest at seven per cent per annuIn payable isnnus
w in New York. the LIST Nov. and Let May lntsreA,
warrants or coupons, are attached 70 ihe bonds
-Four hundred thousand dollars OF The bonds are now OF
fered for sale.
Sealed proposals for any not less than 81 Geo wiz
be received until the 18th day Of November next
Proposals may be addressed 10 WlNSLoW LAHlERA
CO 81 Wallst, to Z. c. LIrcHFIELD, Treasurer, g
Walst Endorsed Proposals for Michigan southern Kali
road Bonds
OF absolutely and without the highest bidder
The Company reserve the rght withdraw the remainder
If the offers satisfactory.
All necessary information II relation to the bonds, logon,
er with maps may he obaine by calling on WINSLOW
LANlER co. or E. C. Lite liFIELD al either o! which
places copies Of the bonds and mortgages can be mad
Comics of the bonds and mortgages may also be seen
application 10 Shepherd Knapp Esq. President Of the Ne
CHANCES Bank James Van Nosrand Esq Presdel. Of
the Merchants Exchange Bank.
Parties whose bids accepted Will be required TO pay
% per cent npon the amount awarded to them Immediately
npon being notified OF the acceptance OF their bids and the
remainder in equal amounts on the lst and 18th Of Defem
Der next bul any party will DO at liberty to pay IN null a
once Interest viii commence from the day Of payment
New-York, Oct s. 1880
rono, G9MMITTEE OF TIE H DIs sESS 9Wiv
CHARLES BUTLER, JOHN B. JERVTS
ol9 If EDWIN C. LITCHFIELD.