New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-22
TWO HUNDR THOUSAND
nOILARs SEVEN PER CENT MORTGAGE
INDs. crNTRAL ONO RAILROAD.

bONDS' CENTRAL OHIO RAILROAD.
,,os.,s HAGGERTY, DRAPER 4 JONES viii offer FOR
= =, die Merchants Exchange, on WEDNESDAY, 25th
;t AZ 70 eclock Two Hundred Thousand Dollars OF tbs
ponds Of the Ohio Central Railroad Company bearing n-
teres, al the rate Of Seven per cent payable annaby
al the Office OF the Ohio Life and Trust Co. in the City Of
New-York and the principal reimbursabe in ten years
These Bonds are portion Of issue OF -Four Hundred
and Fifty Thousand Dollars proposed to be made TO 80
cure which first and only mortgage has been made 10
Mr. George Coe Cashier Of the Ono Life and Trust Co
in Trust The Mortgage the eotse line OF the Rosd
between Colu nbus and Zanesvie-5i mes-with all it
properties and appurenances equPage' depots, depot
lots sc &C. and convertible into the s1ocA oil tue CO
pany al par Of any tune before their maturity
The undersigned confident that these Roads offer a.
safe and profitable opportunity for investment a. any
which have been in the market and that they present some
peculjar claims upon the attention Of capitalists
The first division OF the Road from Columbus TO Zanes
vle 5ss miles upon which the mortgage Is aens al IN
der contract the grading and masonry OF some secnoHs
being already complete ard the res rapidly progressing
The Chief Engineer expects to have the 5 miles between
GAINESVILLE Newark ready for the raj by May next an1
the balance Of the line by Augustor September next
The line between GAINESVILLE and Wheeling, where the
road viii form connection with the Baltimore and Ohio
Road under survey. To build this Eastern extension
there have already subscriptions made by Wheeling
and the adjoining counties to the amount OF sooe Inc
Directors believe that the full amount will be made up by
individual and other county subscriptions as soon as they
are ready to put the Road under contract.
The estimated cost Of the division between GAINESVILLE
and Columbus fully equipped is $4,000 The subscnp-
IONS guaranteed bythe Directors amount TO S7l7oC eav-
ing $4,000 which is proposed to raise by these Bonds
Thus when completed the entire Road Depos Equipage
&c costing more than tcice the amount Of The Bonds viii
be held as security for their faithful reimbursement
In regard to the location of the Road is believed that
none more favorable exists in the West
AT Columbus the Central Road connects, at the same
akn6, with the Columbus and Xenis and the Cleveland
Columbus ard Cincil matt Roads The Columbus snd Nens
with The little Miami Road over distance OF ll9 miles,
makes railway connection with Cincinnati By tie Litte
Miami Road Springfield, connection Is had with the
Mad and Lake Erie Road also In successful opera
ton IL 10 also contemplated 10 extend the Columbus and
Xenis Road from Xens TO Dayton, where second con
necton will be he'd with Cincinnati, by the Cincinnati,
Hamilton and DAYTON ROad-which s rapidly progress
Ing At Dayton, also, connection will be made with the
DAYTON and Greenyille and the Western" Roads. Fol-
lowing The latter The state line connection will be had
with the Terre Hsue and Richmond Road (extsnded y
which, passing through indianapolis uaverses the whole
width Of the State of Indiana and at Terre Hsuie con-
meets with the Atlantic and Mississippi Road, stretch
Ing to St. Louis
Al Columbus also The Central Road will connect with
the Columbus, Piqua and Indiana Road.
AT Newark the Central Road connects with the Coum
bus and Lake Erie Road, which furnishes rail way COM
nupcstion with Sandusky and Cleveland
At the Eastern end The connection a. Whe sling with the
Baltimore and Ohio Road will to the Ohio Central
Road large traffic in lie cattle, horses, hogs, grain -four
and other products seeking outlet to the Atlantic By
this line the route sesbosrd is forty miles
hsn by any other line, and this difference Will command
the traffic of large area OF the richest portions Of Ohio
The convertible feature Of these Bonds is very vau-
sbe one the stock Of the Road must ultimately become
one ofthe best in the country.
An exhibit and Map showing the location of the Road,
and giving full particulars OF the condition OF its affairs and
s prospective Traffic may be obtained Of the undersigned
The terms of the sale ten per cent the uao Of pur
chase snd the balance in equal payments al one two three
ard four months with the option Of making the whole pay
ment al one time with interest, from the time OF sale.
GILBERT & JOHNSON
qlf7t 50 Wallst