New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-25
TWO HUN DRED THOUSAND
A DOLLARS SEVEN PER CENT MORTGAGE
BONDS.

CENTRAL ONO RAILROAD.
Messrs HAaGERTY DRAPER 4 JONES will offer for
sale at the Merchants Exchange, on WEDNESDAY, Zoh
nst at o'clock TWO Hundred Thousand Dollars OF tis
Bonds of the Ohio Central Railroad Company bearing n
terest at the rate Of Seven per cent payable oIr annually
at the Office OF the Ohio Life and Trust Co. in the City
New-York and the principal reimburssbe ia ten years
These Bonds portion Of an issue Of Four Hundred
and Fifty Thousand Dollars proposed to be made, to Sc
cure which first and only mortgage has bsen made 10
Mr. George C)e Cashier of the Ohio Life and Trust 20
in Trust The Iorgege the entire line Of the Road
between Cou and Zanesyillej4 miles-with all it
properties and appurtenances, equipage, depos depot
lots &c &c au are convertible into the stock Of the Com
pany at par al any time before their maturity.
The undersigned confident that these Roads offer as
safe and profitable opportunity for investment as any
which have the market and that they present
peculiar claims upon the attention OF capitalists
The fret division ofthe Road from Columbus to Zanes
vie 58A miles upon which the mortgage Is aliens all
contract the grading and masonry of some sections
being already complete and the rapidly progressing
The Chief Engineer expects have the p miles between
GAINESVILLE ready by May next,
the balance Of the line by Augustor September next
The line between GAINESVILLE and Wheeling, where the
road will form a connection with the Baltimore and Ohio
Road il under surrey To build this Eastern extension
there have already been subscriptions made by Wheeling
and the adjoining counties the OF $4,000 The
Directors believe that the full amount will be made up by
individual ard other county subscriptions they
ready 10 put The Road under contract.
The estimated cost Of the division between GAINESVILLE
and Columbus fully equipped, is $4,000. The subscrip
IONS guaranteed By the Dectoys amount S5lz00O leav
ipg $4,000 which it proposed by these Bonds
Thus when completed the entire Road Dep6s, Equipage
&C costing more than toice The amount Of he Bonds will
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, the same
depot with the Columbus and Xenis, aud the Cleveland
Columbus and CnciL natl Roads The Columbus sod Xenis
with the little Miami Road over distance Of Il9 miles
makes railway connection with Cincinnati By tie Liue
Miami Road TO Springfield, connection il had with The
Mad River and Lake Erie Road successful opera
tiOn. II 10 also contemplated TO extend the Columbus
XenA Road from Xenis 10 Dayton where second Goa.
nection vii. be had with Cincinnati By the Cincgnal
Hamilton and Dayton Road-wbich is rapidly progress
iEg. At Dayton, also, connection will be made with the
Dayton and Greenyille and the Western" Roads. Fol
lowing the latter to The state line connection will be hsd
with the Tene Hsute and Richmond Road, (eKtendeI -
which passing through indianapolis traverses the whole
width OF the State Of Indiana, and al Tere Haute con
meets with lhe Atlantic and Mississippi Road, stretch
Ing 10 ST. Louis
At Columbus also be Central Road will connect with
the Columbus Piqus and Indiana Road.
At Newark the Central Road connects with the Coum
municanon with SsnduIky and Cleveland
Al the Eastern end the connection Whesng with the
Baltimore and Ohio Road viii secure to The Ohio Central
Road large traffic in NE cattle, horses hogs grain aO1r
and other products seeking outlet to the Atlantic. By
this line the to the seAbosrd forty miles neare,
than by any other line and this difference viii command
the uac Of large Of the richest portions OF Ohio
The convertible feature Of these Bonds Ia very yau.
able one the stock Of the Road must ultimately become
one ofthe best In Ihs country
An exhibit and Map, showing the location Of The Road
and giving fall particulars Of the condition Of lie affairs and
is prospective traffic may be obtained Of the undersgned
The terms Of the sale per cent the time Of pur.
chase and the balance in equal payments two three
and four months with the option Of making the whole pay.
menI a. one time, with interest from the time Of sale
GILBERT JOHNSON
Zf7t q WAILst
PS-The undersigned, having received full and salts
factory security for doing prepared guaranty the
payment OF the Interest the above Bonds until tbs
completion Of the work embraced in the Mortgage
GILBERT q JOHNSON