New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-04
FINANCIAL.

ohio and PENNSYLVANIA RAIL-
SFROAD COMPANY $500g00 SEVEN PER CENT.
MORTGAGE LOAN-Seaed Proposals win be received
next, Tor FIVE HUNDRED THOUSAND DOLLARS Of
the first and only Mortgage Bonds Of the ONO and Penn
tie Company the pleasure Of The holder aty time pre-
vous their maturity beHrine per cent per ennlm
1865
These Bonds are IN Of s 600 EACH with Coupons
attached payablein NewYrk on the Isl Of each January
and July.
of the Legislatures OF Ohio aud Pennsylvania and are Sc
cured by mortgage executed John j. Palmer Esq OF
the City of New-York, in trust for the Bondhoders.
This mortgage the entire line OF the Road from
Pittsburgh 10 MasoOn, Ia the State Of Ohio, distance OF
10 miles, the cost Of which estimated at $20s5000, and
The Trustee Is empowered in Gaze OF sixty days defiant In
the payment OF interest or principal OF The Bonds, 10 lake
possession Of and sell The Whole any part Of The
same and provides further that Bonds TO tho amount OF
one million Of dollars In all nay be Issued Of which amount
five hundred thousand dollars haze already been disposed
of prncp ay in England IN the purchase OF rails spkes
chairs locomotives, leaving only the bondsaow offered
be Issued under the mortgage,
The proceeds OF the entire issue exclusively applied
to the superstmcmre and equipment of the line from Plus
burgh to mDson the means for lna construction OF the
road ready for the IRON have been amply provided by rea
bic stock subscriptions among which the twin cities Of
Pittsburgh and Allegheny have each subscribed and paid Ia
100000.
The Ohio and Pennsylvania Railroad forms part Of lbs
great direct line of Railroad between the cities OF New
YORK, Philadelphia and St L0ils which, when finished,
viii be shorter than any OF the routes between HcWYork
The line between philadelphia and Pittsburgh will be
ready for lraYe Ia 1852, by which time the whole Of thS
Ohio and Pennsylvania road 10 ts junction WtA the CeYe-
land, Columbus and Cincinnati road. Is Intended TO be hn-
ished.
operation Pittsburgh Beaver IL VIII
be Opeued for ifhfci July next
The and rapidly Increasingly commerce OF Pitta
burp oned to the traffic 10 be- derived from several of the
wheat counties Of Ohio through Whch is road passes VIII
insure large and productive business that never
be diverted BY other rOute this Without taking into
consideration the long travel Joined 10 the low cost Of con-
strction ESTIMATED al only $l65 per meJ Wli insure
Eholfe tfgn Iva
there is little doubt that line right Of converting these
Bonds into stock, par viii be ayaled OF by the Bond
holders and add greatly 10 the value OF the Bonds, as 1t
will enable the Bond holders share In the profits Of
the road when its results shall becone matter OF with
out mourning dsk while the road ia being consruced
II Is confidently believed that the Bonds offered of
sale afford Of the safest and most desirable secufus
In The United States
FIVE HUNDRED THOUSAND DOLLARS are now
offered for sale. .,.,.,,, ocd
The entire amount viii be disposed Of spsoote" 0--A
without reserve 10 the highest bidder ,s, 81 con WIN
Sealed proposals for any amount not ess !n co1k
be received at the Office Of the undeFsgne" N' = = ~
on the seventh day Of December nesiEs LANfER
Proposals to be addressed 10 Wto,sed "Proposals or
co. 50 Walkst Newborn anu
ined sY5fbt of the afars OF ule cDnPJ5 ,1i.S 20
c me road and It's connec2,ns en- snnJi
pies of Tie bond snd q he aefchsnts Bank ofto
subscribers WIZ 49,
Wnlcn ls bose bids accepted WIZ ~ Sgieu ~ Ray
tyv eny being notified OF the acceptance OF ihef DOS,
sgrdeY in eGuni amounts on te bfE' cay VI jag
eEa W EetIsry March and April rext-bGt any party WA
he a liberty 10 pay in flil a. oacs, ,n.--,s,t
AhlS - WIEsLOW. LAhIER Gu % WaltSL
Now York, 2tsl November, 100 h%-b'