New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-11
financial.
PROPOSALS PoR LOAN.
5000. 600 G S9s I ra Il hsS ? p 81

CENT n0RTCAGE BONDS
I'd. Nsr,s-rs Indiana Railroad COMPANY ''s' or "a
fspo, COO Of thsr psr cea 1'T'sAS'' WINS ''-" y"
tsres, cSupees annsrsd
Tosrg, N san. ~ s. coo each payable AaEav me Isl
1871 with interest ., Per semi snHuAy ca '' ~
ysbruar, ami ist OF August payable a. me "e' 'A"''
Pa,t ,, TIN. CIV whcre the PRINCIPAL y alsn psy,oe ana
se ssenred ~ mortgage - Shepherd Knapp NJ 81
New YoIl II trust ioS The bond holdeTs
The, ,,usS und-r acts ofthe Legislature 81 Indiana
asth-rirlrf lsr and the mortgage as ABOVE 20
secure ,sme IN. of bonds e. ." mus ssnea
undsf the mortgage limited "a Oas Million n d'isaTs
sloo sOs Of been disposed Of and $50 cc are
nov Hered sor sale.
The NOR gaze covers tas whole rsd Of ne Com9aay
Indiana. aud s the first and oaly lien thereon.
THIS embraces the line from It's connection At the
sat. hr- Of Michigan with the Mcasan S'athsrn road
,of which y - al eIsenson) through Ekha MsssawaNa
south Bend and LapoT,e, the boundary Of ILLINOIS, about
100 miles: sns to and from Michigan City Of ABOUT -
miles c.unectlnS with the and line OF e mites from
Flkhar 20 Collaborating m sl about 30 mile. Of road
The Company hold also by lease and contract, line rom
the boundary OF Indans to Chaso, Of about 10
miles.
Bv m ev.t~ contract between this Company lnd III.
Michigan Southern COMPANY cont nuous Inc OF railroads
is formed from the head Of Lake Enc Monroe and ros
do IN Yery direct course through southern Michigan sud
Northern Indiana Choaso-a distance frem Monros Of
$50 miles, and from Toledo Of 243-a 10 be under one sn-
and management and for al practical
poses forming loIni interest.
At Chicago thus line OF Road with The Chicago
and Rock Island Road" be extended to she Mississippi
RIVER at Rock Island $50 miles long, AID which andsi
contract.
Also. with the Chicago and Galena Railroad. about 81
miles of which about completed and Use. the
tre hne Of which, expected wR be completed TO the
Mississippi River in all next year.
Also, with the Illinois Central Railroad, 20 run from
g., tba auth Of fsn Va RtVer tn 4 n IN
Al Toledo vi It'll the great cham o. Railroads
along the shore Of Lake Enc Cleveland, Dlnkk and
Buffalo THIS whole south shore Inc wM PROBABLY bc
completed the OF the season, and parts o.
will be opened for : the present. year
The whole line Of Roads OF this Company under can
tract the grading and bridging % mdes completed,
and the rails Land 80 miles Of The has been pur
chased for She whole Road from The boundary Of Mich
gan to Chicago. and most Of delivered the line
ready for The Road flushed 30 miles 3 South Bend.
20 which point the running from Monroe sad
Toledo and the work VI laying DOM The rails acave
progress upon the residue OF the line The man ns from
the East LapoTte some 10 miles, Nil he opened next
month aad the whole road from Lake Enc 70 Chicago.
March next when the jOnney from Lake Enc to Chicago
may easily he made IN hours.
The means for he construction and equipment OF 'hs
Northern Indiana Road provided by sock and bonds
Near, one million Of dollars are subscribed the stock
about $4,000 Of which IS taken IN New-iofk and the
Eastern States the remainder along The line Of the Road
An average Of 20 per cent mas been paid hese sbscp-
tons and the residue being regularly paid az the cali OF
the Company.
For providing the remaining required 70 complete
the work the Company have issued tnei Mortgage Bonds
70 the amount OF nilhoa of dollars N al, As above
stated proceeds OF most o. which wanted to gag fof
iron rals machinery, &c
The mortgage enlpoW the Trustee. case Of failure
TO pay either principal to take possession Of the
sell the sane sue notice and apply the proceeds ia
payment.
Ths, his Road vii prove Of great sefune's and
profit Will he by reference TO OF It's hne
and connections being essential Ink the great cham
of railways from the Cry ef New York to the Mississippi
River along the southern extremity Of the two great
Lakes, travsrang as does Of Inc most productive
arcutural regions the United states while Ice
ne will ne less than half Tho usual cost Of rslrosdsa
Tie same class in Eastern States. As local road
alone giving an outlet the productive sVerses
il Is consistently believed that 1t will large prcdt upos
is cos, without reference 20 Us connections.
The proof this found the earnings Of the Michigan
southern Railroad past I've months which. until IT,
connections aye formed sto he regarded local road.
and "a Of abOnI equal length with the Northern Indiana
Road and country no, more productive, VIZ:
For MAY iS5i----- SAtTfoT Augass, iS1l..-- As
Lor ynne D. g Sd VI S'pe""'i "'--- S,zn
"a
u VIII thus be that the .r.y oderod II VI the
highest character.
Sealed proposals will De received for amount not less
than $1,000 until the 18th day Of November next at
O'Clock = NJ.
Proposals may he addressed to WTNsLoW, LANTERk
Co. No % Wall 81, or +. G. LIrCHFiELD, rTesafer
Of the Company, No a Beayers Endorsed Proposals u
northern Indians Railroad Bonds"
Twenty psT Of the purchase money VII DO re-
CURED 70 paid Immediately upon acceptance If the BIDS
and The remainder equal pa ymens the ash Of No'em
ber and the 10Th Of December next Any pun hEssT ~hl
BE- at liberty pay fg At once and sierest upon 1hs
bonds vii run from dte OF payment
Three kandTcd thousand dollars tone-hal Inc amount
now! odcrcd) Will be DIS osed OF absolutely and without
reserve 30 the IA ghe,t bidders.
Ia. Company russrv. the Fgbt withdraw the
DE-, 4 the oferE not satisfactory.
All rtcsssary information IN relation - the bonds, 20
ss'hs. With maps ma be obtained by calling nsiov.
Laai.l Co OF r.. G. LHchhsd at either ~ Shch plsoes
copies oi Tia bonds and mortgage may be had
GEORGE BLISS JOHN sIkfkER
EDWIN {. LIGHTED. CALVIN BUhA
HUGH WHITE, Committee OF The DIRECTOR,
Key-Yofs, Oct &c 1851 a1tll
STATE OF CALIFORNIA SEVEN