New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-23
5000 0O0 NokTHERN IN.
NNNlyOsOyO DIANA RAILROAD PIX

SsOoOCo Il their ger cent mortgage. bnis Nth ia
trrest coupons snnetrd
Tier ure IN srs Il s. % each Payshs August the is'
1851 With ,a,srss, Al per ccHs sem, ANNUALLY On is,S
y,br.-y and Isl Of August PAYABLE \, the Mechsncs'
Bank CITY. where the principal Asa Payas' sAs
are secured b. mortgage o. shepherd Knapp, Isl
NewNHk. in nus, tor the boud-helirrs
They AZ, issued under acts Of the Legislature OF infans
auihcrEirs ihelr and the mortgage - above 70
the same The amour, u hoes TO BE- thus issued
under the mortgage. limited 20 Que MlOs Of dala,.
S;c0coo Of which have been disposed d, and 500 ~ are
now offered fDr sale
The covers the Whole mad al the Company
Indiana. A.d the hrs: ssd ,nly hen thereon
Th embraces the entire lire from its connection Il tho
State lire II Michigan with the Michigan Southern rad
OF which extens,onl through ElkAsrt Nshawaka.
South Bend ard La7ote. the boundary OF Illinois ssst
10 miles 4 line 10 and frOm Mchsan CITY 81 about 8,
miles connecting With the and line Of 10 mules frs.
Ekhat 70 Goshen making Ir all ahoa, 10 miles of mad
The Company hold also By lease and contract alnc rsm
the boundary II Indiana CAcAs Of about IS
miles
r, eNstns contract between thus Company ,aa tn.
Michigan southern Company. continuous line OF railroads
formed from the head ii Lake Enc Nsnr,e roe-
DO. direct coure through southern Mrhsaa aaa
Northern Indiana 20 Chcascs distance from Mcarce Of
2is miles, anal from Toledo sS-a se under ca. sd.
rernteuderce and nen, and for all practical par
poses forming eiut interest
Al Chicago ths Iue Of Rad connects with the Chcu,
and Rock Island Road NJ extended 20 the N,sssprs
at r. lous. " a. Ter
contract.
Also. With the Chicas, ard GAleua Ralroai about 81
miles Of Which about completed and pse. the
tire line Of which expected. VIII b. completed the
Mississippi River In all newt year
Al>o. with the Illinois Central Railroad. 70 rua fcn
Cairo The mouth Of the Ohio Raer to Caieasc
A, Toledo uure> with ,hs sr,a; cham Of Rail GALS
alous tie shore OF Lake Enc Cleveland Dankrk aad
Buffalo. THIS whole south shore live ~.u PROBABLY 10
peted the oi the ssi parts Of II
Will be opened ;or the present yeas.
The whole lire OF Roads of Tins CompAnr under
the sr,dius and bridging 81 iles oenPet-d.
srJ the rsis laid on uie, q rhs Aas bsen par-
chased for the ~holc Road from the bountuy Of Mich
lganio Chicago ans NOS; OF delivered "a the Lac
ready The Road finished 81 miles - South Bead.
70 which point the running ron Monroe and
Toledo and the work Il LAYING down the rals Is Active
prosress upon the residue 4 the hne The rs fr~
the East Lsporte 50 mies Will - opeaed neu
mouth and the whole road trom Lake Erie % ChcsSO N
March next when the Journey from IAs En- to CAlcsss.
msy easiJ Ne " ade n hours
Tie me ais Tor the consiructon And equipment * the
Northern Indiana Road provided ~ stock ant bosis
Nearly one million # dollars subscribed % the sscs.
about $3.50 0Ce Of which taken IN Nesfois asd the
Eastern Stae. the remainder along the hns n the Road
An average Il 80 has been pad these slscnp-
tiots the residue being regularly PAd Al the call ~
the Company.
For providing the remaining required 10 complete
the work. the Company issued thr Mcr'Esse Bouts
10 the amount II million Of dollars IN ALL Above
stated proceeds Of most which wanted pay lor
iron rails. machinery, NC
The mortgage empow the Trustee N casa u fhiurs
to paw either principal 20 take ress-soa Il tbs
Road with equipments. and receive lis earnings. ~ 70
sell the sane due notice and ,pp, she proceeds in
payment
That this Road will prove If great usefulness ssd
profit Will be by reference to map Of It's ne
and connections being essential Ink the great chsia
II railways from Guy Of New York % the Mssspps
River along the southern extremity of the two great
Lakes raversng a 1t does OF the most productive
agricultural regions the United States While IFS cost
mile VII hs less than half tho usual cost Of railroads Of
the same class In Eastern States. As local road
se giving an outlet to The productive
1t is confidently believed that will large profit upon
its cost without reference ~ ITS connsc sions
The proof found the earnings oi the Aschigaa
eouhern Rsruad past i've months, which, until ~
formed s to be regarded local road.
and Is Of about equal length with the Northern Indiana
Read and travsrsss a country productive. VIA
For MAY 1851 S2i2l For August, lS5i... nis
FN July. do....--.-. % COS
Total 90
1t will thus be that the securt, offered u the
highest Character.
Sealed proposals will he received for amount M, Ices
than 81 co., until the 18th day Of November neit. at
o'clock NJ
Proposals may he addressed !" "iN>Lo" LANithA
CO. No 81 Wall 81, OF r.. {. IIrCHFIFLD Treasurer
of the Company No. u Beavers Endorsed Proposals for
Nmthern Indiana Railroad Bonds
cent Of the purchase money viii be re-
quued paid Immediately upon acceptance Of the bids
and the remainder equal pay ths 75A u Novs-
Der and the 10th Of December Any purchaser wiz
be at liberty TO pay full at and interest upon the
bends " III run from date Of payment.
Three hundred thousand dollars tone-haIi the m'un<
nov loasred) wall be dsposed OF absolutely and without
reserve TO the highest bidders
The Company reserve the right TO withdraw tbs remaa-
der II the offers satisfactory.
All necessary information relation to the bonds to-
gether with maps may be obtained by calling On Wno~
Lanier Co.. OF c. L,ehheld At either 81 when pscss
copies Of the bonds and mortgage NAV % had
cropCr Bliss JOHN STRYKER
EDWIN c IIrCHFIELD, CALVIN BuRk
HUGH WHITE, ConHhs'ee oi uio D"'''''''
New York, Oct 20, 1871