New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-07
PROPOSALS FOR LOAN
$6OO.OOO SI.s ET TIL IN.

$OUU,UUO b d y 4 .a n ERN IN:
CENT. MORTGAGE BONDS
The SsrtAsrs Indiana Railroad Conpxn, ossr fss al.
sooo,ooo Of theu per cent mortgage. ssads VIII y
serest coupons anasxsd
fhey are IN ssms Of 81 90 each payable Assuss ne is
l@i WIZ interest al per ssnt ANNUALLY Ist a
February and is Of August payable a, the NscAassuf
Bank 10 THIS Civ "hee the PRINCIPAL slss payable aaA
are secured ~ Q mortgage sAscAe d yn.nn ~. n
New-Yssk. IN uuss for the bosd-hsld
They issued under Of the Legislature a n. s.->
suth-nrirg their issue and sss mortgage assvs 70
the The Of Aoads b. nus s.~,A
under the mortgage d limited 10 One Mllioa cf dsuan
ofei ID for sale.
TIC mortgage cevsn the whole rosd Of the Company n
Indiana. and IS the ars and saly lea thsrsos
Tia embraces Tho entire liss iron csaasctsa - hs
Stats iIe u Michgsa With the Mchsaa SostAsn rsaA
(of wAica extenscal through Ekhar, MfsAavska.
South Bead aad LAeos, Ia tie boundary Of iass sbeue
100 nales line TO and from Michigan Cog Of about -
mules, osnnsc;ag nth the AMI line u 10 nes ffc
Ekhar Goshen making in al esout rs nilss Of red
The Company hold Also By lease sad csar~cs linz m
the western boundary Of Indiana CA.cAss Of aSsx
miles.
By existing ecatrscs bss~eca this csnPssy and IL
Michigan Southern Company. line frasrssAs
ssrmed from the bead Of Lake Ene Msarse aud rsas-
do. m very direct couse through southern Mphsas ~
Northern Indiana to Chicago distance rsn Mssrcs q
AS miles aud from roleds Of l3an To We under
perntendence and cement aad fer all practical
poses forming one loini interest
Al Chicago this line Of Road with thu CAisass
and Rcch Island Road 10 be estssded to the MsssrpH
River. 1t Rock Island. 10 mes long. and Which ~sAsr
contract
Also With the Chicago and Galsns Railroad. sSsss %
s,des OF which about completed and sss tie e.
tire line Of which. eIpeccd VII b completed to Ne
Nssssipp, River IN all next year.
al. n.A..
Caro- az the mouth Of the Ohio River, TO Chicago.
At Toledo anes with tho great cham Of Railroads
along the shore 81 Lake Ere to cevelsad. Duutt an
Buffalo This whole south shore line val probably -
completed tho Of the neIt And pAzs q
Will be opened for the present yesr.
The whole line Of Roads Il tins Company aadss esa-
Hsct tho grading and bridging 60 miles completed
and the rails Land so m,es Of It. The xoa he's bees
chased for the whole Road from the bcssday AZ MsA-
lynn Chicago and most Of Is delivered the lins
ready The Road finished 30 miles South Bsud.
which point the nov running from Moaros sn1
Toledo and the work Of laying down ths rAils aS<vs
progress upon the residue Of the hue The line fssa
the East to Lsporte (soms Sc mes) win Do opened Asss
month aud the whole road from Lake Erie to Chicago. 10
March next when the journey from Lake Erie 10 ChSaSs
mar easily be made IN hoars
TAs means for the construction and equipment II the
Northern Indiana Road provided BY s,och asd bonds
Nearly million Of dollars subscribed to the ssS.
-
Eastern ststes tho remainder along the lus ef the Rod.
An average per has been paid these saesop-
tons and tho residue beng regularly paid ct the cell u
the Company.
For providing the remaining means required TO oompists
the work. tho Company have issued their Mortgage BsnAs
70 the amount Of one milos Of dollars il all, A. above
stated proceeds OF most OF which are wanted 70 pS ~
iron rails, machinery, &c.
The mortgage empowers the Trustee. in case Of failure
70 pay elher principal to take psssessos u ~
Road with its equipments, and receive its saxaiAss. -
sell the same due notice. and apply the proceeds y
payment
That his Road will prove one great 'usefainss asl
profit will 1t once By reference Of Its hns
and connections being essential link in thu great oAsan
of railways from the City OF New Ysrt " the Msssspp
River along tho southern extremity Of the Two srseA
Lakes traversns does ono Of the most productive
regions thu United States, whs s cost ~
be lose than half thu usual cost Of rmiroaasa
the same class in Eastern States. As IosA ROAD
alone giving an outlet the productive region rsvsrsss.
It is confidently believed that will pay large pfs6k upea
its cost " thout reference u its councS,'sas-
proof Of this is found In the earnings Of ths Mshgsa
Southern Rsroad r the past 1--WE mouhs which, sai ~
connsc tons formed. to be- regarded local rssd
anu is of about equal length with thu Northern IsdisaA
Road and uaversss a Country not mere productive, VIZ:
For May. 1851 .... SA.t27yor August, is,l..- M.ls
For June 22,3li For September do N,Ht
For July. DID,. %sS s,,s -
highest character.
Sealed proposals will be received for smsuat at lee
than siCoe until .ho 18th day Of November aeIt. ~
O'Clock d.
Proposal. may 10 addressed to wINsLOW. LAEfERe
co. No 81 Wall st. ore. G. LIICHFIELD. roassrW
of the Company No "a Besvsrs Endorsed Proeosas t.
Northern Indans Railroad Bonds"
T~snty per cent II the purchase will b ~
suued be paid Immediately upon acceptance Of The BIDS
and the remainder equal the 23ts Of Noveu-
her and tho 10th Of December Any purchaser ~
be NJ liberty pay full at and interest upon tie
bonds will run from date Of payment
Three hundred Thousand dollars tone half ths ameunt
now oered) wl he disposed Of absolutely and without
reserve 10 the highest bidders.
The Company reserve right TO withdraw the roman
der # the offers not satisfactory.
All necessary information relation Tn the boa1s. 10
q. .her with maps may obtained by calling % Wiasow
Ianer Co or D. G. LichfsId ct either of which paaoss
sopies Of the bonds and mortgage may be had
GEORGE BIJss JOHN gTRYKER,
Irwin c LiTCHFIELD. CALVIN syHH
HUGH WHITE, COMMITTEES OF 'he Dhoos~.
kew-Yofk. Oct ~. 1851
- ALIEN 4 and CHICAGO UNION
N RAILROAD NOTICE TO SrOCKHOLDERS--
DIVISIONNotice Is berssy gwen u the stvcsnoia-
rs ia the DIVISION Of Tbs Gssna aud Caicase usisa
that semi annual DIVIDEND OF seven per ceet.
ON stock paid in OF said flrst DIVISION hAs ocs
declaed the 81 taid Frst Dvison fsf ms
s months endag Oct 81. 1881 pay abs On skd Aef w
Jh Of November Iex at the ONCE oil the Cpnpaey
CHICAGO "a drawing interest from he ist aaS
November 1851 az ten per cent per annur ps Ads WI
annually tho Ist Of May and N0vembsr. aao NOT o'n
wise aad fable the Office Of The Csmpssy IN chi
ON the day Of November 1919 alter wnich ufss
s.ar.. all hGH Wi n ID