New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-08
PROPOSALS FOR LOAN
$6NO.ON} MOI s4Is ERs IN, IN,
ENT. MOETGAGE BONDS.

CENT. MORTGAGE BONDS.
The Northern Indians Railroad Cenpsny OFFER - sJ
100000 Of their per oent no-tgsss bonds MA IN
,erest coupons asne1sd
They surs Of 81 600 each payable August the 10
1851. with lneres, nc per SENT annually id q
February aad Is, Of August payable At the Mechanics
Bans 10 this City. where the principal also payable sud
are scored BY mortgage TO Shepherd Knapp, Esd 81
| New York. IN trust for the hoad-sDders
They issued under Legislature o Ia
authorizing then a3a tho mortgage above, 70
secae the The Of bonds be thus 10,
under tAe mortgage a.itei to Que Million Of d,ars
s""ooo Of which have bes disposed o. and $50 90
ROW offered for sals
TIE mortgage covers the whole road Of the Coupany
Indiana, and is the hrs ami only lisn thereon
This embraces the entir. line from connection 1t the
State line Of Michigan with the Michigan Southern road
| (of which It eXtension through Elkhsrt Mshauaka
South Bend and LaPorte 70 tie boundary Of Illinois
100 miles Ike and from Michigan CITY OF about Is
miles, connecting with the aud line Of 10 mites frsn
ERhar TO DISCRIMINATING in ali about lbs miles Of read
The Company hold also by lease md csnr, slne from
boundary Of Indiana to Chicago Of about Is
miles.
B. existing coatrsct ths Company and the
Michigan Southern COMPANY, continuous line Of railroads
is formed from the head Of Lake Enc. Monroe aud Tols
do svery direct course through Ssuthern Michigan aud
Northern Indian, TO Chcago-a distance from Monroe Of
7is miles, and from ToIeio OF 24s-a be under
PerInendence and management. and for all practical pI
poses forning one JOINT interest
At Chicago this line of Rad with the Chicago
and Rock Island Road. to be extended Msssp,
River. at Rock Island 1870 miles long sna which under
contract
Also with the Chicago and Gaiens Railroad shout 81
miles If which about completed aad IA the
tire hue ~h ch expected will be completed to the
Mississippi River IN all nett year
Aso with the illinois Central Railroad 70 run ftOm
Caro-. at the mouth of the Ohio River. to Chicago
At Toledo It unItes with the great chain Of Railroads
along the shore Of Lake Enc 10 Cleveland. Dunkrk and
Buffalo. This whole south shore lns vii probably he
pleed IN the OF the nett aad u
viii be opened for Us the present year.
The whole line of Roads of this Company is undst
sct; the grading and bridging 90 miles completed
ard the rails laid 30 miles % The iroa has been pup
chased foT the whole Road from the boundary OF Mich
igan to Chicago and most OF is delivered the line
ready for The Road flashed 80 miles to South Bend
70 which point the running from Monroe and
Toledo and the work Of laying down the rails is in active
progress upon the residue of the line The line from
the East to Lapofte some S. mes vii be opsne1 next
month and she whole road from Lake Ere to Chicago IN
March NEXT, when tbs journey from Lass Ere to Chicago
may easily be made IN hours
The means for the construction aud equipment Of the
Northern Indiana Road provided by stock and bonds
Nearly million Of dollars subscribed to The stock
abou; $3.50 COO OF which Is taken IN NewYolk and the
Eastern States the remainder along the line Of tbs Road
An Of so per has been paid these ubscrp-
tons ard the residue being regularly paid the call Of
the Company.
For providing the remaining required to complete
the work. the Company have issued their Mortgage Bonds
10 the amount of million Of dollars IN all, As above
stated proceeds OF most OF which ara wanted 10 pay Tor
iron rails, machinery, Sc.
The mortgage empowers the Trustee, case Of f,iHe
to pay either m est principal to take possession Of the
Road with equipments and receive its earnings or to
sell the sams on due notice aud apply the proceeds ia
payment.
That this Road will poSs OF great Gsoiansss and
prof, will be BY reference to amap of IFS limo
and being essential link the great cham
Of railways from the City Of New YORK. 10 the Mississippi
River along the southern extremity OF the two great
Lakes traverslng does of the most productive
agricultural the United Staes While is COST DEF
e Will he less than half the usual cost Of railroads OF
the same class IN the Eastern States. As local road
alone giving outlet TO the productive region traverses
tits confidently believed that viii par large prodt
is cost without reference to it's connections.
PROOF n',.na .f ths M,sh,se Al
Southern Railroad r the past FIVE months which, until It's
connections formed, Is to be regarded local read
and is Of about equal length with the Northern Insss
Road and tTavess a country not more productive. Wa
For May 1851 .-...- S2itElFor August, i8jl.--- Al<
For June do 22,5 For September do. N2f
For July, do.-.---.-- 20 6O5I 100.
II wall thus he that tho security offered Of the
highest CD a ac'sr
Sealed proposals will be received for any amount not less
than IOOO until the 18th day Of November next, at
O'Clock nj.
Proposals may 10 addressed % WINSLOW, LAN1ER
co. No 81 Wall ST. or T. c. LIrCHFIELD. Treasurer
Of the Company No Bsaserst ndorsed Proposals fer
Northern Indiana Rail- Dad Bonds
Twen five per cent Of the purchase money will rs re-
cned to BE- paid sdstely upoa acceptance Of the bids
and the remainder e1ua on the s5s of Noven
her and the 10th II December next Any purchaser VII
be at liberty pay fol- ut once and interest upon sae
bonds will run from date of payment
Three hundred thousand dollars tous-haif shs amount
now offered will be disposed Of absolutely and without
reserve to the hi CHEST bidders
The Company reserve the right TO withdraw the TsmAa-
der. u the Offers not satisfactory
All necessary information IN relation n tho bonds. TO-
seher with maps msy be obtained By caiss On Wihsow
Lan,er Co. C. Ltchhed, at siihsf OF "hch places
eou,es Of tbs bonds and mortgage may 10 hsd.
croRcp BLISS JOHN sTRYKER.
FnWIN {. LIfCHFIEID. CALVIN BUkk
HUGH WHITE COMMITTEES OF Ine Dfoc."V,,
New YoTk. Ocl 70. 1871 ~ 10
New YORK NoVsmber l, 1851.
BOWERY BANk.-The President and
Is Directors have declared Sent Annual DIVlDEnp
u -FOUR PER CENT, payable 70 stockholders On and Al
The TrrJ Ser Books will be closed from the 81 Ohe sth
,n,t inclusive b. order If the Board . .
M U.s.. N O. BRADFORD. Casher..
------------------------ -----------------
]nsuranrs Companies.
49,. 81