New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-10
FINANCIAL.

SALE AT AUCTION OF SEVEN
SPER CENT MORTGAGE BONDS OF THE MAD
RIVER AND LAKE ERIE RAILROAD COMPANY
The Directors ofIhe Mad River and Lake Erie Railroad
Company, will sell at Auction the Merchants Exchange
in the city Of New.York, on TUESDAY the twentydrs
day Of January inst at u o'clock by Messrs. Hsgerty
Draper Jones, Auctoneers. Eight Hundred Thousand
Dollars Of Seven Per Cent Mortgage Bonds Of the said
Company.
These Bonds form portion of ser lee OF COO be
issued by the Mad River and Lake Ehe Railroad Company
for the purpose OF reayng their track with heavy rail-
and OF paying OF the floating debt Of the Company They
will be secured by mortgage gyel TO Trustees on the en-
de Road with It's equipments fixtures and sppurenances
subject prior lien Of $4,000.
The Bonds will be in Of 1000 EACH dated on the
Ist February 1851 and having fifteen years rum with in
terest at seven per cent per annum Interest coupons
PAYABLE at the Bank Of Commerce. in New-York, on the
first day OF February and August in each year. will be at
tached to each bond.
The Road extends from sandusky City, Ohio, on Lake
Erie to Springfield, 1874 miles where it connects with the
Little Mama Railroad, running to Cincinnati. From
Springfield extends to Dayton, q miles, ard it has
branch road Findlay. 6 miles forming total OF ia
miles Of Railroad.
The Road passes through number Of aounshing towns,
and an agricultural country Of great fertility. 1t lie finished
and in full operations the income for the four months
ending seth November last having been SlS5O00 The
Of the Road up to this time is....... S2667H 10
The Capital Stock l,85O055 90
Bonds already $4,000 90
Floating <oooSo-
The terms of payment will be per cash. the bal
Rnce be paid IN equal monthly payments OF per cent
commencing the lat of February the purchasers having
the option OF paying the whole amount in cash that day
The Bonds will be convertible into stock par at any time
before their maturity.
For further information and for printed statements show
ing the condition OF the Road apply to Messrs. SAMUEL
HENSHAW & SONS, Merchantsi Exchange Boston, or
to lilo t2lsi WARD 4 co. 81 WalIst
BANKING AND FINANCE.-TH
EBBANKERS' MAGAZINE for l85O-5l contains a re-
publication of the following recent English Works, entire,
PARTfNA PRACTICAL TREATISE ONBANKING.
BY James William GibErt Esq + R. S. General Manager
Of the London and Westminister Bank. -, ,,.
Banking. H. Banking Terms Nv. The General Admin
istraion of a Bank. Y. The Administration of Bank
Employment Of Surplus Funds VII Seasons Of Pressure
VII. The Bank Act Of l84i TX. The Bank Of England
X. Joint Stock Banks. XII The Administration Of the
Bank-Cerks-Du Salaries Promotions Discipline
Training. XII. Bank Book keeping XIII. Banking
Calculations. XIV. Banking Observation-Disclosures
PART T.~oF BANKING INSTITUTIONS. l. The
Bank OF England. H. London Private Banks. Ill Joint
stock Bank d, IN SION ho1dqn ~ Country s Of Scotland
Duties Of Banking Companies. TX. Ten Minutes Advice
about Keeping Bs4ke[ Summary EG
OF THE LONDON STOCK EXCHANGE.
III. J. R.MCULLOCH ON INTEREST, THE UsURY
= " JR. McULLoCH ON FOREIGN AND DoMEs-
v JR MCULLOCH ON MONEY COINS, Bull
LION CURRENCY. &c. with elaborate Tables Of Coins.
Together with Bank Statistics Of every State Important
Bank cases before Supreme Court United States and the
several States Biography Of eminent Bankers &c
ji6 IT. J Smith Romans, Editor B NJ. Boston