New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-26
SEVEN PER CENT. MORTGAGE

~ BONDS OF THE LAFAYETTE AND INDIAN
abe in the City OF NewVok The attention Of Capitalists
Is invited the sale Of $4,000 Of The ab.ye named Bonds
TO be made ct Auction by Messrs. HAGGERTY, DRAPER
& JONES, at the Merchants Exchange, on The I7h Feb
The Bonds are secured by Mortgage to Trustees viz
Joseph Varnum and Edward Wnlteh-use, of this City
and the Hon Albert s. White of Indiana forming Ihe ursl
aod only line upon the entire road and al rs sqapmsas
this mortgage limited TO the sum OF SooOo "hlchs oe
appropriated 10 the purchase and OF tno ron
rails chairs and spikes the grading VI the whole hue o<
mes the finishing Of the road bed with wooden super
structure complete including the laying OF the ack having
been provided for by stock subscriptions amounting IN the
Further subscriptions Of stock a considerable smoun
have been rendered, including 100000 by the city Of La
Fayette Che latter only awaiting the required legislative
sanction which will be fully adequate TO provide the neces-
The COMPANY when its work is completed will be entire
y free from floating debt while the cost OF ne hl.a
win be more than double the amount OF i's small iunaea
The la Fsyelte sod Indianapolis Railroad is an ineSra
part OF two trunk lines which, proceeding from Louisville
and Cincinnati met al Indianapolis, and thence cfossut
the Wabash River al Lafayette, lthe head OF s1eampoa
nsvigatOn VIII proceed In nget hne 70 One4go an1 t
great Northwest No less than i've roads Quill or building
TOTO Indianapolis from the south snd East VIII seek
Northwestern outlet over the LStayette sno lnaspsPos
road and all the roads ON The West aiming Tor Inc PIPER
Wabash River Gom s. iugheld Illinois, 70 south b nd
Indiana make focus At Lacey ete Occupying 90 fav2,
able position, The through business OF nc IL a.
must be fully equal 10 thai any road within the State,
while In respect Is local business none Is more ayorAoy
situated Penetrating q belt VI country comprising th-
eight wealthy and pOpuous counties Of Indiana ana
forming the very beet part Of the state-nOw yielding
large surpus-s Northern extremity the head Of
steamboat navigation Wabash River snd II tho oes
market town 90 the WABASH and Erie Canal and m SOlth
ern Indianapolis Is within convenient reach u
Cincinnati Louisville. and the Ohio markets
The bonds will be- issued Of 81 900 each, dated
18th February 1851 Eedeemsble 10 yesrs, and bearing
interest rate OF per cent per annumi coupons
for the interest psyaDle semannuay al the Bank Of Amer
lea in the city NewYoTk the 18th day OF February
and August Ia each year will be- attached 10 each BOND
In addition to The security afforded by he mortgage.
twenty three gentlemen of great respeczbty and known
wealth Of Lafayette end Indianapolis, and the vicinity
have given their persOna liability for the prompt payment
Of The interest these BONDS until the road sh-
pleted, fully equipped, and In operation throughout 10
entire engtb.
convertible the ofti- Company
par The option U. The holder al any time within I'VE
years from the date II their issue. As tho Road VIII oe
one the cheaply constructed IN the country ts
eved passes through the hnest agricultural district "
the West, and forms Ina In The direct line Of RalrOsd
communication between Cincinnati and Chicago that n
must prove very rsmuneraive 10 the Stockholders
Arrangements have been made for 50 early delivery OF
the rails which ensures Z completion Of the Road m
secure the business OF the coming Autumn.
Peyment will be required for The Bonds. fOows 10
per the day Of purchase and the balance within 81
DAYS The opOn Of the purchaser The accrued interest
on Bonds 10 be ado ed 10 Gate Of payment
EXhios showing more fully the merits Of the Road car
be Obtained sDd copies Of The Bonds ard Mortgage snd OF
the personal guarantee Of the iDerest payments be
seen, on application 10
CAMMANN 4 WHITEHOUsE
2Of A. 10,z2,25,Z7lh s. Wslst