New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-27
SEVEN PER CENT. MORTGAGE

- TlN
- BONDS OF TIE LAFAYETTE AND INDIAN
APOLlS RAILROAD CO.-Pdncipal and Interest pay
able 10 the City OF NewVork The attention OF Capahsn
Ia invited TO the sale OF S5j00OO OF The above named BOads
TO be made at Auction by Messrs. HAGGERTY. DRAPER
& JONES' the Merchants Exchange, on The Hth Feb
The Bonds are secured by Mortgage to Trustees VIZ
Joseph b Vanum and Edward Whltensuse, OF this Guy
and he Hon Albert s White Of Indiana forming the hrs
and only line upon the entire road and all It's equipments
fixtures and sppurteHances The issue OF the Bonds unde
This mortgage limited to the sum Of SOOOO Wnlcns 20 DC
appropnsed the purchase and transportation OF me IRON
T6s chairs and spikes the grading OF me WuOe Hne 70
niles and The finishing OF the road bed with wooden super
strcre complete including the laying of the track, having
been provided for by stock Subscriptions amounting ID ne
aggregate to $4,000. Il. ,,
have been rendered including 100000 by the CITY OF La
Fayeue Che latter only awaiting the required leslsstse
which will be fully adequate 10 provide me neceS-
sary equipments, and meet ali posslOIe CONTINGENCIES
The Company when its work 10 completed wiz 3e e1'e
lv free from floating debt while the cost OF me h9ae
viii be more than double the amount OF s small funded
The Ia Faveue and Indianapolis Railroad is integral
part Of two trunk lines which proceeding from Louisville
and Cincinnati al Indianapolis, and thence crossing
The Wabash River al Lafayette (the head OF steamboat
BayigAOpl viii proceed IN right line To Chicago ana the
great Northwest No less thapye roads bull or building
Northwestern outlet the Lafayette and Indianapolis
road and all the roads the Wes aiming for the Upper
Wabash River fom S, ngheld Illinois, 10 Soulh BENZ
Indiana make focus at La Hayette Occupying 50 favor
able position the through business OF the H. y X II
nust be fully equal 10 that any road within me Stale
lille In esnct 10 ia local business none Is more fayora0y
simafed Penetrating belt Of country comprising me
81 phL
fo1ming The very best part Of the saIe-now yielding
large surpus-s Northern extremity rests al the bead 81
sboat cation the Wabash River and al the best
market town OF the Wabash and Erie Canal; and lis South.
r terminus al Indianapolis Is within convenient reach VI
cincinnati Louisville. and The Ohio markets.
TIE bonds will be Issued in sums OF SlOOO EACH dated
I5h February 1851 redeemable in ten years, and bearing
Interest a. the OF per cent per annum coupons
fr the interest payable Eemannuay al the Bank OF Amer
lea IN the city OF NewY0Tk The 18th day OF February
and August in each year viii be attached 10 each Bond
In addition 10 the security afforded BY The mortgage
twenty three gentlemen OF great respectaby aud known
wealth Of Lafayette and Indianapolis, and lie vicinity,
have given their personal liability for the prompt payment
OF The interest bonds until the road shall be com
peied fully equipped and In operation throughout ia
entire length. 80
Tie bonds are convertible into the stock ofhe Company
al par al the option OF the holder al any time winn I'VE
years from date Ct their issue. As the Road VIII be
one cheapy constructed In the country is Dc.
eved as II passes through the nes agricultural dsct OF
the West and forms link In the direct line OF Railroad
communication between Cincinnati aud Chicago, that II
must prove very remunerauve TO the Stockholders.
Arrangements have been made for early delivery "
rails which ~ completion OF the Road IN
son 10 secure the business OF coming Autumn
PAYMENT viii be required for the Bonds follows: 10
per cent the day Of purchase and the balance within 50
DAYS The option OF the purchaser The accrued Interest
on Bonds TO be ado ed 10 date Of payment
Exhibits showing more fully the merits OF the Road can
be obtained and copies Of the Bonds ard Mortgage and OF
the personal guarantee Of The nterea payments can DO
seen. on application 10 ,-., ,,-r,,,,,,,,
2Of Il s02225,27th 50 Wal-st