New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-28
FINANCIAL.
OHIO and PENNSYLVANIA par

ORUAD COMPANIES ooroo SEVEN - IL ll.-
MORTGAGE LOAN Seated Proposals VA b. r S.-sss
neNb for FIVE HUNDRED THOUSAND no ~ sSSIesloeE
The hfst ard only Mortgage Bonds of the Ohio 3 80 "
syVsuia Rarosd Company, convertible into he Sincs a
the Copany al ire pleasure 81 the holder, any ana -,
yious 10 her maturity besroR seven per cent psy
Interest anu reteendbla IL NsNIoSA ,he Isl Of Ia
These Bonds s1e In sums Of Stto0 each. with co.,o.
attached, payable II NewfoS OF the st Of eeca Ja1ss
These 6ouis are issued under the proyisons az bs
OF The Legislatures OF Ohio sHd Pennsylvania, aad Ana -
cured by Mort gage executed John j. Palmer gSs -
tng US OF New-fork, m ifust for .le BondSoide7s.
p,b, ~ covers me eusEe dne o! Tue hoa1 fro1
tsnnrs 10 AHsSilOn ~ the State Of Ohio distance -
~ 10, me cost OF which estimated 52oe5eo0 srS
,b. ,, = empowered 10 case Of sixty days default u
e OF interest principal of tho Borls, to lsse
possession o. use and sell Tie whole or any nar of -
@ e PsoTaes aTtaer that Bonds 10 the Alno1a, j
one nlhon OF dolars IN s may DC issued ofw hch acss
~ - H., - ug'.srs have already been dHpose9
chairs locomotives, &c. Il avug only he hoodsnns, So
be issued under Tie mortgage. W 's'01
The proceeds OF the entire issue exclusively sppAa
70 the superstrUcluTe and equp pine The line tn S,
burgh 70 Massion the means for the construcfon N ~
road ready for the iron have been amply provided nv ,s
bic stock subscriptions among which the twin cites Al
Psbuigh and Allegheny have each subscribed PAD IN
The Ohio and Pennsylvania Railroad forms part OF ~,
great direct line Of Railroad between tho cities of Ne
ork Philadelphia and ST. Louis, which, when snishe,
and ST Louis IVA
The line between philadelphia and Pittsburgh viii Ia
ready tor travel N 1852 by which time the whole Of bs
Ohio and Pennsy yana road 20 lts junction with he Csye
land Columbus and Cincinnati Toad is Intended be Sn,
shed
The portion of the road between Pittsburgh and Ms..l
Ion under contract and progressing rapidly and vii
be operation in 1851 from Pittsburgh Beaver II will
be opened for traffic IN July next
The immense and rapidly increasingly commerce OF Pits
bUrsh joined The traffic be derived from several fila
wheat counties of Ohio through which this road passes VIII
insure to large and productive business that can never
be diverted by any other route his without taking INTO
Consideration The long travel Joined Ia The low cost Of CO.'S
strucuon ESTIMATED at only $40 5l per uulo VIII insure
TO the stockholders h hy remuneratiye dividends and
there Is hlte doubt that the right of converting hess
Bonds into stock, al par VIII be awaited OF by tie 5ons
holders and add greatly TO The value of the Bonds AL
viii enable the Bond holders share IN tha nro6,s N
the road wien its results shall become matter OF acI with,
out mourning risk while the being conslct
1t confidently believed THAI the Bonds now offered f-
sale afford of the safest and desirable securities
in the L nited Safes
FIVE HUNDRED THOUSAND DOLLARS afs now
offered
The entire amount viii be disposed Of absolutely and
without reserve 10 The highest bidder,
Sealed proposals for sny notices. than 81 900 VIII
be received die Office OF The undersigned until O'clock
on the seventh dEy OF December next
Proposals TO be addressed 10 WlNSLOW LANlER K
co 81 Wallet Newly rk and Endorsed Proposals tog
Ohio and PenDsy lyauiH BOnis"
printed exhibit OF the affairs Of the Con- pany, contain
ing map OF the road and connections together with co.
pies of The bond and mortgage may be Obtained apple
cation John j. Palmer ESQ the Merchants Bank Of To-
the subscribers, who will furnish any further information
which may he desired.
Parties whose bids are accepted will required to nav
tw euty per cent upon the amount awarded 10 them mn6
daiey upon being notified ut the acceptance OF their bids
and the reminder equal amounts ON The first day OF jan.
uary, February March AMI April ne&l-but any party WA
be at liberty to pay in full ri once
Interest viii commence from the DAY OF payment
WlNSLOW, LANlElt co 81 Wallet
New.York 2lst November, 1850. n2aD7