New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-25
NEW-YORk MININGand MINERAI.
SEVEN PER GENT. MORTGAGE

- E.N T.
~ BONDS OF TIE LAFAYETTE AND INDIAN.
APOLIS RAILROAD CO-Pnucpa and Interest pay
able In the City OF New.Nork The attention Of Capitalists
Is invited to the Of SSjoo VI the absye named Bond.
10 be made al Auction by Messrs. HAGGERrf DRAPER
& JONES al the Merchants Exchange on The I'sh FEB
TIE Bonds are secured by Mortgage Trustees viz
Joseph b Varnum and Edward Wnteh.nse, of his City,
and The Hon Albert $ White of Indiana forming The ars1
and ONLY ipe upon the entire road and al ls equipments
xlures and appureuences The Issue OF The Bonds under
this mortgage limited 10 the sum OF eot whlchsO DO
Appropriated the purchase and transportation OF ne IRON
rails chairs and spikes the grading of me whole line e2
mes and the finishing OF the road bed with wooden super
structure compete, ocuunR tue lsytub VI VIZ :, a. ~
been provided for 10y stock Subscriptions amounting 10 me
aggregate TO SZb2tto
Further subscriptions Of stock to considerable amour.
have been rendered including 100000 by the e'y OF La
Favee Che LATER only awaiting the required Legislative
sancon which will be fully adequate 20 ptoVue tne nves
sary equipments, and ineet ali posso9 Cohuus oaeies
The Company when is work Is Completed VIII nc enlre-
y free nom floating debt while me cosl oI zoe k9sd
will be Than double me amount Oh Tvs s"A" "Haod
The La Faye,e aud indianapolis Railroad is an integral
mari of Two trunk lines which, proceeding from LOusYue
snd Cincinnati met al Indianapolis, aud thence crossing
The Wabash River al Lafayette lthe head OF seahooA
navgston) will proceed IL flght me 10 ShSsso QUO Se
greAl Northwest No less than nve rosds 0ui OF building
into Indianapolis from the South and East Will seek
Northwestern outlet over me tsssye'.e sa h
road and all the roads the Nes aiming loi he upper
Wabash River fom s. iUghed, Illinois, 10 South peno'
Indiana make focus at 10 Say e''e. occupying 50
able a position the THROUGH business OF me X l. n n
must be fully equal 10 that Ga any road "lun suo Sae
while In espect TO local business none IS more soIAey
ali Penetrating A
eight moe wealthy and popuious co1ntes OF Iuuss ana
ssminS The yery best part Of The state-now yielding
large snrpus-its Northern extremity rests Al me nead Of
aviyation the Wabash River, end Al NE best
,oyn on the Wabash aud Ene Canal ana us SCUM.
% Terminus AT Is within convenient reach OF
Cincinnsti Louisville aud The Ohio markets
The bonds will be issued IN sums OF slNO each dated
18th FEBRUARY 1851 redeemabe la ten years aud bearing
interest al the rate OF pet cent per annu coupons
Tor The interest PAYABLE fem annually al the BARK OF Amer
lea IN the civ OF NewYOfk on ths loh day OF February
and August ia each year will he attached TO each Bond
la ADDITION Tho security Afforded Dy ths mortgage,
twenty three entemen OF great Tespecabiy and known
wealth OF LAFAYETTE aud Indianapolis, and NE vicinity,
have owen their personal liability for the prompt payment
OF The interest on these BONDS until the road sha De COM
pleed fully equipped, aud In operation throughout n
The bond, are convertible into the stock OF the Company
at par al the option OF the holder al any time wthn I'VE
wears from the date their issue As the Road VIII b
one of the most chespy ruced In The counyHhoe.
leyed rs II passes through the fuest agricultural district o.
The West and forms link In the direct line Of Railroad
communication between Cincinnati and Chicago, hs
must nrove very remuneratiye 20 the Stockholders
Arrsngemenfs have been made for early delivery Of
the rails which ensures tie completion OF the Road 10 ses
son TO secure the business OF the coming Autumo -,
payment will be required for the Bonds, az fohoWs:
per cent on the ay OF purchase and the balance ~u
days Al The option Of the purchaser The accrued lheH
on Bonds 10 be ado ed to date OF payment
Exhibits showing fully the merits OF me hos ss1
be obtaned and copies Of the Bonds ard Mortgage sbd
the personal guarantee Of the Interest payments can u
seen, on application 10 ,,,., ,,,utrruousr
20f42O222527th So Wals