New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-20
financia1.
5000. WWl n p " = s ; Il 3. = r y;

CENT MORTGAGE BONDS
rhe No.,hsrn Indiana Railroad Company oa,r ior "a,
ssoo. 600 q then ger cen, mortgage bonds NJ. n.
ierss; coupons Snnered
rh.y M, IN sans Of 60 zach ahie Aas,st the ls
no. with psusst az per cent. semi annually on lsi
Fsfrlarv and lst of August payable AZ she heoAAnos
Bans tbs Ciiy where he principal * also PAYABLE and
arr secured B., mortgage Shepherd Knapp, Esq. u
NewYork, in trust fT the .-'ud-aoldsrs
They are s>oed under acts tho Legislature of iasanA
suthcFizrg iheit art the mortgage a. aeovs, u
the Tie u bonds % D. thus issued
under the morgssc rri'sd TO one h.oa Of collars
sicotoo Of Nhch have htou sosed o. and S6eeeS
n,'s offered for sale
Tie mortgage covers tle Whole rosd Of the Company
Indiana and 5 the asst atl Gals lien thereon.
Tbs embraces Ihe en,r- Toe from a. the
ste hne of Michigan ui.. the Michigan Southern Toad
tof -hich evensi,nl through ElkAas, MishAwska
South Bend and iaqort,. 20 fhe boundary OF ILLINOIS,. aeoei
ipp niles a line ani from Michigan CITY Of about 3
miles c.nnec;n- with Tie AMI line of 70 miles rou
ENhari Goshen-asas AL about i5o smiles 81 road
The Company hold ais by ease and csntr'et me IRON
the western boundary % IaianA a. ChcAs' 81 aooa y
miles
Rv n eNsns contract between thss Company and the
Mcksan southern Company. continuous H' Of railroads
: formed from the head o Lake Ere AT ""nros and rcs-
d.. IN avery direct through southern NAhgaa and
Northern Indiana Chicago, distance from MonrOe Of
penntendence and management, and for M pracnsal 2a
p.ses forming one i-int interest
AtChicaso thus line o. ,al connects with The Chcax,
snd Rock Island Road. 30 b. extended 70 the hlssSa
River At Rock Island ISL mles long. and ~h'cA Is ats
contract
Also with the Chicag, and Galsna Railroad abedh
miles Of which is now completed and ~ use the
TIRE line Of which u 5 expected VIII De completed 70 n
MISSISSIPPI River liz az IeyI year.
with he Illinois Central Railroad tp I'm
Caro- at the mouth OF tho Ohio River, "a Chicago
A, Toledo With the great cham Of Raslio.is
along the shore Of Lake Enc to Cleveland, DunkrS al
Buffalo This whole south shore line Will probably
completed IN the of the season. and parts
VII be opened for use the present wear.
The whole line OF Roads II tins Company under ca
tract thu grading and bridging 90 completed
and the rails lad on 81 re. Il IT, The non has been pu
chased for the hole Road from the boundary Of Mca
Igau 10 Chicago and mos, OF delivered on the l1
ready The Road finished 80 miles to South Benz
to which point the now running from Monroe and
Toledo and the WORK 81 laying down the rails IN acts
progress upon residue Cd the line The man line iron
tie last e. Lapore sone s. miles, will he opened nett
month ard the whole road from Lake Erie to Chicago,
March ncIt when the from Lake Ers Ia Chicago
NAV easily 10 made IN hours.
The means for the construction snd equipment Of tho
Northern INDIANA Road provided by stock aud bonds
Nearly one million Of dollars subscribed to the stock
about $3.50 900 of which 'sAen IN Nes-t0rA and the
Eastern States the remainder along the line "a the Road
An average Of per has been paid ON these suosp-
tons and the residue being regularly paid at the ea Of
the Company.
For providing the remaining required 10 complete
the work the Company have issued their Mortgage Bonds
to OF mlIon Of dollars IN all as above
stated proceeds most o. which wanted To Tor
iron rails, machinery, Nc
The mortgage empowers The Trustee IN case faur.
taxi N
Road with equipments aud receive IT'S earnings, or to
sell the same. ON due notice and apply the proceed, IN
payment.
That thus Road vii prove Of great usefulness and
profit will az be by reference "a nap o It's ne
and connections being essential link the great cham
OF railways from the Cny Of New York 10 the Mississippi
River along the southern extremity of the two great
Lakes. uayersng as At does Of the most productive
agricultural regions the United States While It's cost
mile will be less hall thu usual cost ii railroads VI
the same class tRe Eastern States. As local road
alone giving an outlet the productive region
it is confidently believed that Il will large profit upon
its without reference "a tsconnections.
The proof OF this found m the Of the Michigan
southssn Railroad the past five months which. until it
connections formed, 20 be regarded local road
and Of about equal length with the Northera Indiana
Road and traverses csurrvJ not more productive.
For May. l85i.-.--.. S2iiG For August, is3--- a9e
For june do-...---- Sz3il For September de- oA7
For July, do.-.---.-- ~ eoS .,,-o-.
It wall thus be that the security offered Of the
highest character
Sealed proposals will be received for any amount not less
than $1,000 until the 9Th day Of November nett, at
o'clock r Nj.
Proposals NAV he addressed 70 WINsIOW, LANIERS
CO. No 50 Wall 81, 81 T.. c. LIrCHFiELD, Treasurer
Of the Company No "a Beayers Endorsed Proposals Tor
Northern Indiana Railroad Bonds
Twenty-Five per cent If the purchase money vail be re-
quued be paid Immediately upon acceptance Of the bids
and the remainder eaual the 2j,h Of Noye
her and the 10th Of December next. Any purchaser sil
be hbert, pay full Al once, aud interest upon the
bonds will run from date OF payment.
Three hundred thousand dollars (one-halft the amount
now offered will be disposed Of absolutely and without
reserve a. the highest BIDDERS.
The Company the right 10 Withdraw the remain
der, II the offers are not satisfactory
All necessary information relation 10 the bonds. To-
gether with maps may be obtained by calling wnsloT,
Lanier CO.. OF r. C. Lcheld at either II which places
copies OF the bonds aud mortgage may se had.
GEORGE BLISS. JOHN STRIKER.
EDWIN c. IIfCHFIELD. CALVIN BURR.
HUGH WHITE. Committee Of the Director
New York, Oct. %, 1851.