New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-29
PROPOSALS FOR LOAN.
5000. OOD n NosE E.I,s ERN IN Ii,
ONT MORTGAGE BONDS.


TIC Northern Indiana Railroad Company ssr tOr sal.
s6o0.CCO Of ih.n Per cent mortgage, bonds With IN
ttfest COUPONS aun,xed
hey me IN Of 81 eco each Ossahc August the Is,
lSt Nth interest at per annually ist Of
February and LIST Of August payable At the Meshaasss
Hank this City. where the principal also PAYABLE and
arc secured - mortgage 20 shepherd Knapp, Esa Of
New York N trust for the bond holders
They issued under acts ofte Legislature Of Indiana
auihor.zIrg their anu the mortgage above TO
scsfe the The amount ~ bonds 20 be thus ssued
under the mortgage. limited to One Ngon Of dollar,
s,ooeo vhch have heea disposed Of and ssec se are
nov offered for sale.
The mortgage covers the whole rad OF the Company
Iadlana. and is the first sud only leu thereon
This embraces the entire line from connection at the
state hnt Of Michigan with the Michigan southern read
(ofwhich esension) through Elkhart, Mshawasa.
sarh Bend ard Lap0re, "a the boundary of Illinois, about
lee miles: a line to and from Mchgss City Of about IS
miles, connecting with the and line Of 10 mes om
rkhart to Goshen-mak in all sSou, i35 miles Of road
The Company mold also by lease and contract sne from
the boundary Of Indiana Chicago. of about 10
miles.
BY EXISTING contract between this Company and the
Mchgaa Southern Company continuous line OF railroads
formed from the head of Lake Enc Monre and ros-
do in very direct through southern Michigan and
Northern Indiana TO Chcagoa distance from Monroe Of
miles and from Toledo OF 2i3all to De under So
pernendence and management. and for AZ practical px
poses forming Que lont interest
AT Chicago this line Of Road connects with the Chicago
and Rock Island Read" be- extended to the Mssissppi
River. at Rock Island $50 miles long. and which under
contract.
Also with the Chicago and Galena Railroad, about 81
miles of which about completed and in Use, the
tire line Of which 1t Is expected will be completed to the
Mississippi River IN all next year.
Also with the Illinois Central Railroad. TO from
Caro. NJ the mouth Of the Ohio River. 70 Chicago
At Toledo un,es with the great chain of Railroads
along the shore Lake Ere TO Cleveland Dunklrk and
Buffalo This whole south shore line will probably be
completed the OF the neat season. and parts of IL
will be opened for use the present year.
The whole line Of Roads OF his Company is under
the grading and brd on so miles are completed
SID the rails lad 50 miles u The has been
chased the whole Road from the boundary of Mich
ieanto Chicago and most Of is delivered the line
ready The Road finished 80 miles 10 South Bend
which point the RAINING from Monroe and
Toledo and the work Of laying down the rails in active
progress upon the residue Of the Inns The main line from
tile East to Lapore (some So mes) will he opened newt
month. and the whole road from Lake Erie to Chicago,
March nert when the Journey from Lake Erie to Chicago,
may easily he made IN hours
The for the construction and equipment OF the
Northern Indiana Road provided ny stock and bonds
Nearly one million of dollars subscribed To- the stock
about $3.50 600 of which taken in New-YoIk and tbs
An average cent has been paid on these sabscrp-
tons and the residue being regularly paid at the cal Of
the Company.
For providing Sue remaining means required TO complete
the work the Company have sned their Mortgage Bonds
TO the amount Of million Of dollars in ALL as above
staed proceeds of of which wanted TO pay for
iron rails, machinery, NC
The mortgage empowers the Trustee case Of failure
TO nav either interest principal TO take possession Of the
Road with s equipments and its earnings, o. 70
So the same ON due notice and apply the proceeds In
payment
That this Road will prove of great usefulness ana
prof, will at once by reference to OF ITS line
and being essential link ia the great chain
of railways from the City OF New York TO the Mississippi
River along the southern extremity OF the Two great
axes traversing does one OF the most produsve
agricultural regions in the United States while its cost per
mule will be less hall tho usual cost II rsoadsef
the same class IN the Eastern States As local read
alone giving outlet 10 the productive region 'avsses
confidently bell. we'd that Will large pronf spoa
its cost without reference to its connections
The proof this found in the earnings OF the Michigan
Southern Railroad the past five months which, until It's
connections formed is To be regarded as LEGAL road.
and is of about equal length with the Northern Indiana
Road and uaverses a country not more productive viz:
For May, is5l..-.---- S2it27lFor Angus, is3i AlS
For June do....-.-- 225llI For September do S2H
For July do.-.------ 2UbUjl -.
Total. -yl2ont
hg hest character.
Scaled will received for amount not lees
than sloOe until the 18th day Of November nsIs, at
O'Clock pm.
PROPOSALS may be addressed to WINsLOW, LANnR b
CO.. No 50 Wall st, OF f. c. LIrCHFIELD, Treasurer
of the Company No "a Beayer-st ndorsed Proposals for
Northen Indiana Railroad Bonds
Twenty FIVE per Of the purchase money will b re-
qued TO paid Immediately upon acceptance Of the bids
and tho remainder equal payments on the 23h OF Novsm
her and the 10th Of December Any purchaser win
be at liberty pay full at and interest upon hs
beads will run from date Of payment
Three hundred Thousand dollars lone half tho amount
now enered) Will be disposed Of absolutely and without
reserve to the highest bIdders.
The Company reserve the right 10 withdraw the remas-
der If the offers not sat lsfactory
All necessary information relation to the bonds. To-
gsher with maps be obtained by calling On Winsow
Laner Co. or E. c. Ltchfed at either Of which places
copies of the bonds and mortgage may be had
GEORGE BLISS JOHN STRIKER,
EDWIN G. LITCHFIELD, CALVIN BURR.
HUGH WHITE, Committee OF the Dhes'op'
New-York, Oct %, 1851.
DRAFTS on the BANK Of IRELAND
D-payable at aght all parts Of IrelanA-for sale ~
the Irish EaisaA' s"es RE q %pfaIoH, p,.sds.
JAMES STUART. Treasurer assivAWsC
VVHE SHAREHOLDERS in The
i JOURNEYMEN TAILORs COOPERAIIv1
UNION No 50 Chathams hereby notified TO IsZ sns
balance their shares on or before ne "a asy 0. Wv
By order Of the Trustees. JOHN D0NhEILf. re-.
EDwARD O. NALLoN.
NOTICE-A dividend Of FOUR PEh
~ CENT will be paid TO the STOCKHOLDERS OF s ~
dsy of November nett foil tsothl d. CLAfr' sAss'.
.~.,.<.,.r p.>rIr DCpTu An.