New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-20
MISCELLANEOUS.
PER CENT. MORTGAGE

SEVEN PER CENT. MORTGAGE
~ BONDS OF TIE LAFAYETTE ANo INDIAN
APOLls RAILROAD C0-Pnncpa aud Interest pay
able in the City OF NewNoFk The attention Of Capitsss
S Invited 10 he sale OF $500 OF The absve named Bonds
TO be- made al Auction by Messrs. HAGObhIl DhAfEh
& JONES at the Merchants Exchange On 'he <'h FED
TIE Bonds are secured by Mortgage to Trustees W
Joseph r VArnum and Edward Wblehsuse OF this City,
and he Hon Albert White Of Indiana forming hs hrst
and only line upon the entire road and al us
ItpTe and appurensnces The Issue Of he Bonds under
- to the sn of Sl50 coo which be
appropriated tho purchase and transportation OF me ron
Iss ehss ard spikes me rSads ga a. S oosep spe
structure complete Including the laylng OF The traek, having
been provided for by stock subscriptions amounting 10 he
Further subscriptions Of stock a considerable amount
have been rendered. including 100000 by the CITY OF Ia
Fsyette Che latter only awaiting the required legislative
sancon which will be fully sdequaio 10 provide inc nsees
SAW equipments, and meet ali pOssiOe contingencies
The Company when its wcrk 10 comps'eo WI y, go pI
" free from floating debt while The cost Of ne hoai
will be Than double the amount OF lIs small landed
debt ,,,..-.,
part of Two trunk lines which, proceeding from LoulsEuo
and Cincinnati met al l1dasapois sIa uhenSe
he Wabash River al Lafayette, tthe head OF seauoys.
navigation will proceed In night ne 10 Chcago Hhu o
great Northwest No less than i've roads Oui on Duans
ITO INDIANAPOLIS from the SOaih and East VIII seeA
Northwestern outlet tho Lafayette aud lndanapOns
road and The roads from tho West aiming o The pper
Wabash River liom Springfield, llnols 70 ooulh eend'
Indiana axe focus Lafayette. Occupying 40 ayot-
able position the through business OF the l. 4. K r.
be fully equal 10 thai OF any road wihn he s9ie
situated Penetrating beis OF country comprising
eshl wealthy and populous counties 81 Indiana, and
forming The very best part OF The stae-now yielding
large surpus-lts Northern extremity at the head Of
alton The Wabash River and at the best
msrket town 90 the Wabash and Erie Cana AMI rs South
ern terminus at Indianapolis is within convenient reach Of
Cincinnati, Louisville and The Ohio markets
The bonds will be Issued In sums OF SuOD each, dated
18Th February 1851 Tedeemable IN ten years ana bearing
interest the o per cent per anaum; coupons
for payable semi annually tho Bank OF Amer
lea IN the city OF NewYOk lhe 18Th da Of February
and Aug each year will be attached 10 each Bond.
la addition he security afforded BY Tho mortgage,
twenty three gentlemen Of great respectaly AMI known
wealth. OF Lafayette aud Indianapolis and lhe vicinity,
have given their personal liability for the prompt payment
Cf the interest these bonds until The road shall be
pleted, fully equipped, and Ia operation throughout is
entire engtb
The bonds are convertible the stock Of the Company
par the option OF The holder at any une within i've
one OF the most chesply constructed In the country be-
Neyed a. IL passes through the Les agricultural district of
The at and forms fink In the direct line Of Re- road
communication between Cincinnati aud Chicago, that IL
must prove very remuneraiye 10 the Stockholdss>
Arrangements have been made for 40 ear delivery Of
the rails which tie completion Of .ae Road Ia
con TO secure the business Of The coming Autumn
Payment will be required for ihe Bonds follows: 10
per cent The day purchase and lie balance within 30
days At The option OF the purchaser The accrued Interest
on Bonds 10 be adcec TO date Of payment
Exhibits showing more fully the merits OF the Road can
be obtained and copies Of the Bonds ard Mortgage and 81
The personal guarantee Of the interest payments DO
" CAMaANN wHlTEHOUsE.
snfAzO222527th 50 WalsL