New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-28
PROPOSALS FOR LOAN.
$500 MM NORTH Y n.
" NNFNsVVVD DIANA RAILROAD PER

VOvV.VNJV DIANA RAILROAD PER
CENT. MORTGAGE BONDS
The Northern Indiana Railroad Company efsr for sale
s6cO.Ooo ef Their PER mortgage. bonds With n
t.rs. coupons annsrcd.
TAsy urs IN sums Of 81 on each ps-Nbe August iAe LIST
issl. with interest At per ceat SEN, aanuslh s
February and OF August PAYABLE al the MeeAANos'
Bank shs City. where the principal also payable NJ
secured BY a mortgage 70 Shepherd Knapp. Ess Of
Nov York, IN trust for the bont-hold-
rhey 'ssued nnder fths Legislature Of iodsaa
aUiker4Jg ihsT issue an TIE mortgage as above, 70
,.csre the sane TIE amount 81 bouis BE- thus ssued
under ,bs mortgage limited to o,e Million Of doilars
sac co Of Which have been disposed s aad SEQ
now offered tor sale.
The ror,sage covers the whole rosd cf the Company N
Iusrua and IS the hrs, snd only len theress-
Tsemtrsees the entire line from is connection a, the
Sra, Inn, Of Michigan with the Michigan Southern read
fof,Aich Is an erensionl through Ehsart Mishavasa,
South BEND and a2or,c the boundary Of Illinois, about
leo miles line 10 and from Michigan City Of about Is
miles connecting with the same and lne Of 10 miles ren
Eshart Goshenmakirs IL I'll about i,S miles OF read
Tie Company hold also hy lease and contract alsne rem
ths boundary Of Indiana TO CAcsso 81 about IS
miles
BY an sxstng contract between thus Company aad the
Michigan southern COMPANY uous line OF railroads
Is formed from the head Of Lake Ere Monoe and rols
do avery direct through Southern Michigan ard
Northern Indiana 10 Chcago-a distance fran Monroe 81
2,e miles and from Toledo OF 2i3s 10 be under sne 80
r.rnendence and cement, aud for all prao1eA p@
POSES forming Joint interest.
Al Chicago tins line Of Rod connects With the Chicago
and Rock Island Road to be ektendei 70 the Ms.~spr
RIVER Rock Island. $50 miles loss and which ossss
contract
Also with the Chicago and Gasna Railroad, about 81
nles Of which about completed and IN use ths en-
tire line Of which, nUexpected. viii be completed 10 the
Mississippi River IN all next year
h. emit Al NH To IA Guu
Cane Il the mouth of the Ohio River. to Chicago.
A. Toledo II mites with the sres, chain Of Railroads
,onr the shore Of Lake Enc to Cleveland. Dunsrk and
Buialc Thu. whole south shore line will probably b
completed the Of the neat season. asd parts Of II
vii he opened for use the present ysat
Tie Who'll, line Of Roads @, This Company is under cen
,rac The grading and bridging 30 miles are completed.
and the rails laid on so miles of The iron has hen par
Oh aseS for the whole Road from the boundary Of Mich
isanto Chicago. and most ~ Is delivered on the line
ready Tor The Road finished 30 miles 10 South Bond
10 V he poln ,he cars runnns from Monroe and
Tordo and the Of laying down the rails IN active
progress upon residue OF the line This man line from
the Fast 30 Lapous some S. mesl Will he opened nett
month aud she whole road from Lake Ere to Chlcsxe -
March nei when the ouney from Lake Ere to Chmsso.
NAV easily be made IN hours
IN, means for the construction and equipment u the
Norhorr Indiana Road provided ny stock and bonds
Nearly one mEon OF dollars subscribed to the stock.
Eastern States the remainder along the line o the Road
rsare of 50 per cent has been paid these snbscnp-
lions and the residue being regularly paid at the caR ~
the Company.
For providing the remaining meeas required to complete
the work the Company have ssued their Mortgage Bends
ia IN. amount OF million OF dollars IN ALL as above
stated proceeds OF most OF winch NJ" "an'o" w v" w
iron rails, machinery, Nc.
Tn, mortgage empowers the Trustee case II fAilnre
TO raw either interest principal - Possession Of the
Road with its equipments, and receive its earnings or "
sell the sane. due notice. and apply the proceeds "
payment.
That ths Road will prove II great usefulness and
nroCt will at once be seen by reference to map of It's line
and Connexions beng essential Ink IN the great ehaa
81 RAILWAYS the City Of New York q tho Misssppi
River along the southern extremity OF the Two great
Lakes irayersing does one Of the most productive
agricultural retons the United St,os while It's eost rS
pu, " he less half this usual cost OF rsloasO
N, same class IN the Eastern States As local road
,or. irving an outlet to the productive region irayesos
II n6deny believed that VIII pay aarge PROFIT npo"
IT, COS, without reference TO l,sconoecoas
The proof vi this found the earnings Of the AcAgas
Southern Railroad for the past five months. Which, un'i"
are formed be REGARDED as local road.
and cf about equal length with tho Northern Indiana
p,d and tray.rses a country not more productive VIZ:
~, NV 1851 .- se4,i25F For August lS3l---- Al'S
~, Jun. do ....- 22,5il For september de- osH
! Fer July do.----- ~eo' e,qs os.
II will thus be seen that the security offered Of the
! highest character
sealed proposals will be received o any amount not less
than 81 COO until the 18th day Of November neIt ~
o'clock y Nj
proposals my be addressed to WINDOW. LANHRS
60 No 50 wall st. or T.. c IIrCHFiELD, Treasurer
oftbe COMPANY No "A Beaverst iadorsed Pr"p"Asief
Northern Indiana Railroad Bonds
Twenty. five per Of the purchase money VIII 90 TO
o,red 20 be paid Immediately upon acceptance of me ohs
and the remainder equal payments "a the 2h Of No'em
her and the 10th Of December next. Any pufchss" WIN
he At bbetty TO pay full at AMI interest," apo" 'h'
bonds vii run from date Of payment
Three hundred thousand dollars (,ns-half abe amount
NOW offered Will be disposed of absolutely and without
reserve to the highest bidders.
The Company reserve the right 20 withdraw the remain
der If the offers are not satisfactory
All necessary information IN relation 70 the oonds TO-
re,h, with maps may be obtained ny calling on WILSON,
Ianer l. Co. ORE C. L,chfed, n. either Of vhith ps'"
| comics Of the bonds and mortgage may rs had
| GEORGE BLISS JOHN STRIKER
EDWIN &. LuCHFIELD, CALVIN BURR,
/ HrGH WHITE, COMMITTEES ofths DIRECTOR
New York, Oct. 20. 1851