New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-21
SEVEN PER CENT. MORTGAGE

- BONDS OF TIE LAFAYETTE ANO INDIAN.
APOLIs RAILROAD CO-Pnncipsl ana Interest pay.
shle In The Civ OF New-Vork The attention OF Capitalism
Il Invited TO the sale OF SSnoO Of The absve named Bonds
10 he made Al Auction by Messrs HAGGBRTY DRAPER
JONES, at the Merchants Exchange, on he H'h Feb
uary at l2t O'Clock.
TIE Bonds are secured by Mortgage to Trustees, VIZ
Joseph B Vsrnum and Edward Wnltehsuse, OF hs CEy,
and The Hon Albert White OF Indiana forming me mn
and only line upon the euire road and al It's equipment
fixtures and appurepbnces The issue OF nc pohos aha~
this mortgage limited TO the sum OF eobW wnl.ns@a
Appropriated 10 the purchase and transportation ~ Nc IVA
rails chairs and spikes the grading OF lhe whoie hne e&
miles, and the nishing OF the road bed WIN WOODEN supe
structure complete including The laying Of the usck nvg
provided for by stock subscriptions, amounting u
aggregate 10 SzozttV l., -,
have been rendered including 100000 by The city dh
Fayette (the later only awsiung the requhon essA"
sanction which will be fully adequate TO provide the ne
ssry equipments. sud meet all possible conungenes
The Company when its woTS ID completed, VIII DC ea1s
ly free nom floating debt while 'he ecs1 OF uo kess
will be than double The amount OF It's small mnaH
The La Fsyeite and Indianapolis Railroad Is an integral
part OF Two trunk lines which. proceeding hom Louisville
and Cincinnati met indianapolis, and thence crossing
the Wabash River II Lafayette he heed OF siesmoo1
usvgston) will proceed In night line 10 Chesso 90 70
great NorhwtsL No ess than hve roads quill OF enas
foto Indisnapo,s rom the South and East. VIII sees
Northwe stern outlet the Lhfeyette and ltdms2eA
road and ell the roads from The West aiming forthe up
Wabash River on Sprin gfeld, n nois 70 s0ah Benz
Indiana axe focus a. LatSs ete. Occupying 80 hsy.
able a position, The though business OF NE IL A. IA
must be fully equal io that Ol any road wihn VOC sAI
while In respect iis o1 business none y more sofsy
simAled Penetrating a btt Of country comprising ~
eigh! most wealthy aud PoDuous counties OF lnaaa. hl
forming The very best part Of the sta1e-no" ysa.ft
large surplus-s Northern extremity resN Al us nrsa Y
stesmboat navigation he Wabash River, aud 81 ~ 80
market Town o. the Wabash Erie Canal and bslA,
ern terminus al Indianapolis l. within convenient rsSh@
Cincinnati Louisville, and tho Cl'o marke1s -,
The bonds will be issued In sums OF 81 200 sNa ur
18Th February 1851 reoeemsbe IN ten years, soa oeuh
interest OF per cent per annnmi eep
for the interest pay aDle semtAnnuay al The bs1k A
lea In The city % Eew-York the 18Th day VI FeoD
and August each year. w te attached 10 each benA
la addition 10 The security Afforded by The monx4e
twenty three gentlemen OF great respecabiy ani nDss
wealth. Of Lafayette and indianapolis, and Nc VchI
have given heir personal ability for the prompt ps1
OF The interest these bonds until the T0ed shsl De ~
pleled, fully equipped, and Ia operation hroughoo'
entire length -
The bonds are convertible lei the stock Of Conpl
at par Al the option VI he holder any time whn ..
years from the date q their issue. As the Road VII
one OF the ehesply constructed In The coon.fy hns
heyed az II passes through the hLest 8gncunTe osMe
the West and forms link In the direct line Of RAvt
communication between Cincinnati and Chicago nA q
must prove very remunerative % the StockhOlden
Arrangements have been made for an early dsl1e1a
the rails which ensures tNe completion OF the ROAn
son 10 secure the business o. the coming Anumo. a
Payment viii be required for the Bonds. 80 foloss :
per cent the day OF purchase, and The bsaboe VI.
days at the option Of the purchaser The sccrueo "A
on Bonds TO be ado ed 10 GATE OF payment. -.
Exhibits showing more fully the merits OF me 10y. al
be obtained. and copies Of the Bonds and hons.zes
the personal guarantee Of tho interest payments GU
seen, on application 10 ,,,,,,rvuousy
2Of # q, 22,25,27h wL~