New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-13
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Sietto Long Island he!irga1 boads WdAted HtSS
MICHIGAN SOUTHERN Rail
mA Ar GoMPANY-S 40O,090 sEySN Pgs
Bonds OF the Michigan Southern Railroad Company ess
seven per cent interest, viii be received nnnl i5th do
These bonds issued under the provgons Of spsa
act OF the Legislsnre OF Michigan authorizing the COpS
10 dispose OF or sell their obligations either within VA
ou5 sna Se al such rates or prices may be sreeaspoe
and II sod below par. 70 be binding Il sold par
ihey are secured by Mortgage execu,ef TO Sheeaea
holders. Ss''
This mortgage covers ae entire line CT the Compaay,
Road in Michigan, whether already built or hereafter Z, x
constructed, aud provides thai bps "a an amount usS
ceeding million OF dollars in ell may eiseed; Of gl;S
amount than 4ole 900 cal be issued until sHer ~
Road shall have been completed Sturgel Prairie -
lance Of III miles from Lake Ere % which point win i
completed By the first OF Janua-y next
The security offered for The bonds therefore nor,,
Hem and substantially the only hem apon road EhiS
when complete the state line OF Indiana, win have uss,
" 40 miles OF main line, beside branch OF 10 mica "A
which VIII have COST including tie original outlay by a.
State, and the reisying the presest usck, abo1. So
OF which ST ,500O0O viii be represented by stock.
The portion of the road already tn operation, Seca
miles, yields income ample TO protect The entire dsbs
proposed 10 be created and the length OF copeed lie
and consequent increase OF revenue, s daily increasing <
forng security which VIII place tho payteni OF zoe DEBT
beyond all contingencies
FOR August, 1850. the earnings were $l6,4i7 a. fI
September $2o4sG These receipts Were derived Eon lie
road in its present unfinished condition Fuiy unhs q
completed road will be added TO Il within three mocha
ana State line early next Spring, thus doubling me aga
ofihe main line now In operation.
This road is part OF continuous tine OF Railroads hc
the City of NewYork ia the Mississippi RIVER by was q
the Ere Railroad and the Lake Shore Rosd, ana 10 a. h.
Nearly the whole Of this crest line nom New cFk "a Ia
Mississippi River is either completed or IN he course Of %
ptrucon.
iron are provided for b. s;ock subscribed and bong p
by regular Instruments and tie proceeds Of the 5ons
mainly required for the purchase OF iron heavy "A rl sd
elupmcnts il is believed thai railroad bonds before he
public offer greater hducemen! for safe Investment hso
those OF this Company
to pay the principal interest OF the bonds TO take posse
sion OF the road Gnd receive s earnings or 10 e IL oatls
a debt anu 1pF'' - $780, = ~
interest at seven per cent per annum payable seminar
" in New York on the LIST Nov and Isl May Interest
warrants coupons are attached TO the bonds.
Four hundred thousand dollars OF the oonda are noWos
fered for sale 49, 49,
Sealed proposals for any amour. not Iesa than $40
be received unIil the 18th day OF November nex,
Proposals may be addressed to WlNSLOW, LANlERA
co 90 Wall-st to h. G. LITcHFlELp, Treasurer, 9
Walst Endorsed Proposals for Michigan Sonthefn bali
road Bonds" ,,,,, =, ,,.
absolutely and without reserve to te mghess aeder
The Company reserve the right to withdraw The enarda
If the offers not satisfactory
All necessary Information in elnon TO The bonds os
er with mups may be obtained by calling on WlNSLOW
LANlER l. co or l.. C. LITCHFlELD at either o. Rhlea
places copies of the bonds ind mortgages can be hsd
Copies of the bonds ard mortgages may also 20 seen %
application TO Shepherd Knapp, Esq, President of s Ne
chanics Bank or James Van Nosrsnd Esq President q
the Merchants Exchange Bank
Parties whose bids accepted Will be required pay
25 per npou the amount awarded to them nEetsey
npon being notified of the acceptance OF their BIDS a
remainder in equal amounts on the list and 18th Of 0H.
Der next but any party win be- at liberty 20 pay Ia tai
Interest viii commence from the day Of paynsat
New-York, Oct s, 1880
COMMITTEE OF THE DIRECTIONS.
GEORGE BLISS, JOHN STRYKER
CHARLES BUTLER JOHN B. JBRVI8,
ol9 II EDWIN C. LiTCHFIELD