New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-26
FINANCIAL.
TWO HUN DRIED THOUSAND
n DOLLARS SEVEN PER CENT MORTGAGE
CENTRAL OHIO RAILROAD.

CENTRAL OHIO RAlLROAD.
Messrs HAGGERTY, DRAPER JONES viii offer foi
sale at the Merchants Exchange, on WEDNESDAY, 10Th
inst at o'clock Hundred Thousand Dollars of h
Bonds of the Ohio Central Railroad Company bearing IN
the OF Seven per cent payaOle semi annually
at the Office OF the Ohio Lie and Trust Co, in the City o
New-York and the principal reimbursable in ten years
These Bonds are portion of issue OF Four Hundred
and Fifty Thousand Dollars proposed TO be made to Sc
cure which first and only mortgage has bsen made o.
Mr. George COe Cashier of the OHIO Life and Trust 20
In Trust The Mortgage the entire line OF the RoAd
between Colu nbus and ZanesviLe-j84 mieswith all it,
properties and appurIenances equpage depots depct
lots &c &C. and are convertible INTO the stock OF the Com
pany at par at any time before their maturity
The undersigned confident that these Roads offer ~
safe and profitable an opportunity for investment any
which have In the market and that they present some
peculiar claims upon the attention OF capitalists.
The first division OF the Road from Columbus to Zanes
vile. 5st miles upon which the mortgage Is senis all
der contract the grading and masonry Of secIos
being already complete and the rest rapidly p!ogresng
The Chief Engineer expects to have the 25 miles between
GAINESVILLE and Newark ready for the rail by May next aud
the balance Of the line by Augustor September next
The line between GAINESVILLE and Wheeling, where
road will form connection with the Baltimore and ONO
Road is under survey To build this Eastern extension
there have already been subscriptions made by Wheeling
and the adjoining counties the amount Of $4,000 The
Directors believe that the full amount will be made By
individual and other county subscriptions they
ready to put the Road under contract
The estimated cost Of the division between GAINESVILLE
and Columbus fully equipped, is s8S7OOO The subscup
uons guaranteed BY The DeetOys amount to sjf7oOO eay
pg $4,000 which it is proposed to raise by these Bonds
Thus when completed the entire Road Dep0s Equipsge
&C costing than tvtes the amount Of he Bonds will
be held as security for their faithful reimbursement
In regard to the location of the Road is believed thai
nor q moro favorable exists In the West
Al Columbus, the Central Road connects, 81 The sane
depot with the Columbus and Xenia, and the Cleveland
Columbus and Cinel na Roads. The Columbus snd Xeus
with the little Miami Road, distance Of l9 mes
makes railway connection with Cincinnati By tae Litle
Miami Road 10 Springfield connection is had with se
Mad River and Lake Erie Road also in successful opera
ton II Ia also contemplated 10 extend The Columbus AM
Xenis Road from Xenis 70 Dayton, where second con
peclion will be bad with Cincinnati, by The Cocnnal
Hamilton and Dayton Road-wb.ch IL rapidly progress
lag Al Dayton, also connection will be made with tue
Dayton and Greenvile, and the Western" Roads. Fol
lowing he latter the STATE line connection will be hsc
Terre Haute and Richmond ROsd, (eErsndsd -
which, passing through Indianapolis, rsverses the whole
width Of the State of Indiana, and Terre Han,e
meets with the Atlantic and Mississippi" Road, stretch
Ing to S. Louis
Al Columbus also lhe Central Road will connect viii
the Columbus Piqua and Indiana Road.
AtNewark the Central Road connects WITH the Colam
bus and Lake Erie Road which furnishes railway com-
municatiOn with Sandusky and Cleveland.
Atthe Eastern end The connection Whesing with tho
Baltimore and Ohio Road will The Ohio Centrs
Rosd large traffic in he cattle, horses hogs grain dlor
and other products seeking an outlet 70 the Atlantic By
this line the route the SeabOsrd forty miles peGre
then by ary other line snd this diereQce will
The traffic Of large area Of the richest portions Of Ohio
The convertible feature Of these Bonds Ia very yu
able one ~ the stock Of The Road ultimately become
one ofthe best Ia the country
An exhibit and Map, showing the location Of tho Road
and giving full particulars Of the condition Of lis affairs
is prospective traffic may be obtained Of the undersigned
The terms Of the sale per ume Of pur
chase aud The balance In equal payments one two three
and four months with the option Of making The whole pay
menE 81 time, with interest," from the ume Of sale
GILBERT JOHNSON,
zlf7t 52wan-sl
P s.-The Undersigned having received fun and salts
factory security for doing, prepared guaranty the
payment Of the Interest the above Bonds uau The
completion Of tbs work embraced In the Mortgage
GILBERT JOHNSON.