New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-22
SGOO.OlNl N No sT rl \ e III In u:
crST MORTGAGE rONDs.

CENT MORTGAGE BONDS
The Northern Indiana Rarosd COMPANY cfsr fer "a.
5000 GOO q ih,ir ger cent. mosaee' bends Nh n
isrss, coupons anuercd
Th.vure IN sums ~ 81 co each PAYABLE Aast he Isl
1851 with interest AZ per cent semrasnaally On lx Il
February and ist o. August payable at tAe hscAxaics
Rank IN this Civ where the principal also PAYABLE, az6
are secured Nv mortgage 70 shepherd Ksapp. 20 4
New York. in trust or the boud-holdes.
Thevar ISSUED under oftae Lsgsla,uT, .f Indiana
authorizing Their and the mortgage a. above 10
secure the same The amount OF bonds % b ius ssaet
under the mortgage limited TO One Milon # doilsn
$4,000 Of which have been disposed Of and soeo ar,
now offered for sale.
The mortgage tie whole road Of the Company
Indiana. and $ the irs' and only len thereon.
THIS embraces she entire hus from its oonnsci'n At the
State hne Of Michigan with the Michigan Southern road
fof which It NJ through EkhsTt Mshawak
South Bend and IapoI;e boundary OF iAcs. sbous
100 miles lire 20 and from Michigan City Of about
miles connecting with the same and line at 10 miles irOH
rlkhar, 10 Collaborating all about 30 miles Ct road
The COMPANY hold also nv lease and csniraet nae ror
the western boundary OF Indiana 20 CHICAGO 81 about
miles
RYAN existing contract between thus Company and tie
Michigan southern Company continuous line Of raiUas
formed from the head 81 Lake Enc al h"nroe and rO
do In avery direct through southern Michigan an
Northern Indiana 20 Chicago-s distance ifom Aonros
2ls miles and from Toledo Of 2i9-an to be ands'oae
pern,endepce and nsgemen, and TOT an practical pun
/ poses forming one oint interest
At Chicago this line Of Road connects with The CAeSs
and Rock Island Road" he extended to the MssSpw
River at Rock Island $50 miles long. and which uads
/ contract.
Also. with Che Chicag, ard Galena Railroad, sooa,
miles of which is now about completed and an use. the
tire line of which. 1t Is expected Will be completed nA
Mississippi River L. all next year.
Also with the Illinois Central Railroad, 10 run Ia
| Cairo. nj the mouth of the Ohio River, to Chicago
AT Toledo II unites with the great cham Of Ralrss
along the shore OF Lake Ere Cleveland Dnnsik u.
Buffalo This whole south shore line wi proSabbh
completed in the Of the next season, aud paae
viii be opened for use the present year.
The whole line OF Roads of this Company under ca.
tract, the grading and bridging on 90 miles are ccmpat
and the rails laid "a miles vt h The iroo has hesnpu
chased for the whole Road from the boundary Of Ma
igan to Chicago and mos of is delivered On the Inc
ready for use The Road finished 30 miles to South Bead
TO which point the cars running from Monroe Nd
Toledo and the work nj laying down the rails active
progress upon the residue of the line. The man line tn
the East to Lapoe (some So miles, VIII be opened nr
month and the whole road from Lake Ere to Chicago.
March ne,t when the journey from Lac Ere to Chca,
| may easily he made IN hours.
The means for the construction and eGnipmen. Of h'
Northern Indiana Road provided by stock and tends
! about $3.50 900 OF which taken an New-Yo,k and u
Eastern States the remainder along the line II the RoN
average Of per cent has been paid ON these s"ose
toas and the residue being regularly paid at the els
| the Company.
For proyi,ng the remaining means required TO oompls
the work the Company issued their Mortgage Bon
10 the amount Of one million Of dollars IN all as abOr
stated proceeds of most o. which are wanted TO pay N
iron rails, machinery, sc.
The MORTGAGE empowers tho Trustee, case 1T taun
TO pay either interest principal TO take possession Of The
Road with its equipments. aud receive Its earnings or
sell the same on due notice. and apply the proceeds
payment
That this Road will prove Of great usefulness "a
profit will be by reference to Of It's In
and connections being essential link the great chan
Of railways from the Cny New York 20 the MsNsspa
River along the southern extremity of the two sres
Lakes trayersng as It does one of the most productive
agricultural regions the United States while It's
mile will be less than hall the usual cost Of railroads.
the same class IN the Eastern States. As local road
alone giving outlet to the productive region traverses
it confidently believed that Il will pay large profit upon
| its cost without reference to IT'S connections
The proof of this found the earnings Of Ia, chgab
southe Railroad for the past five months, which, until IL
connections formed 10 be regarded local road
and of about equal length with the Northern INDIAN
Road and a country not more productive, VIZ:
For May. l85l.-.--- sH,l27For August, i95i.--- A@
For june dO.-..-.-- 22,5l For September do D,1I
| For July, dO.4.------ ~ hOJl -
Total $40 81
1t will thus be that the security offered Of the
| highest character
Sealed proposals will be received for any amount not lees
than 81 OOO until the 18th day of November nert,
| o'clock 2 NJ.
| Proposals may be addressed 10 WINSLOW. LANHR b
| CO. No. 81 Wall &, or +. c. LITCHFIELD Treasures
Of the Company. No IA Besvers ,ndorsod preposasfor
| Northern Indiana RAILROAD Bonds
Twenty-Five per cent Of the purchase money VIII be ~
CURED to be paid Immediately upon acceptance Of the BIDS
and the remainder equal payments the 2jlh Of NovsE
Der and the 10th Of December next Any purchaser wi
be at liberty pay full at once, and interest upoan
| bonds will run from date OF payment.
Three hundred thousand dollars (one-hali The ancsx
now Ionered) will be disposed OF absolutely and wiihsx
reserve, to the highest bidders
The Company reserve the right to Withdraw me resAs
| der II the offers not satisfactory.
All necessary information relation to the bonds. "
gether with maps may he obtained by calling Wnslos
Laner g. Co. or +. c. Lchfeld at either u which ples
| copies ofthe bonds and mortgage may be had.
! GEORGE BLISS JOHN sTRYKER
EDWIN c, LITCHFIELD, CALVIN BURR
| HUGH WHITE, Committee of the DFtefofy
| New-York, Oct 20, 1851
OFFICE o. THE NEw-YoRX Gas LIGHr COMPANY
| October -, iS5I
THE PRESIDENT and DIRECTORS
u have THIS DAY declared dividend 81 FIVE PEs