New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-22
SEVEN PER CENT. MORTGAGE

- BONDS OF TIE LAFAYETTE ANp INDiAs
APoI1s RAILROAD CO-Pnnepa and Interest pay
80 In he Civ Of New-Vork The attention Of Capiiasu
is invited 70 the sale Of s55O0O Of The ansye named 5os
20 be made al Auction BY Messrs. HAGGERT1 DRAFeA
Jones al the Merchants Exchange, on ne Z11h FsO
ruAry, al l24 O'Clock. - - . 49,. -
The Bonds are secured by Mortgage TO Trustees "
Josepb B Varnum and Edward Whieheuse, Of this Wy.
and ihe Hon Albert s White Of Indiana forming ne h''
and op line upon The entire road and all its equipments
ard snrnriersnces The Issue Of me Bonds under
this mortgage Is limited TO the sum Of s15l w. Wl,. : ~
appropriated the purchase and transporlsuon yl e
Tss chairs and spikes the grazing Of tne wnos me 70
rnes and nthing OF The ROAD bed WIN WOODEN
structure CO mpeie including he sy ing OF me aeA
been provided for ~ STOCK suosoii P'l'ns aii'''s "
~ Of stock 10 considerable amount
have been rendered, including SlooO by the ciy Of Ia
Fayeue Che latter only awaiting the required .ssssso
saDctou which viii BE- fully adequate 70 proylae ne
ssTv eouip ments and meet ali possible contingencies
The Company when its work 10 completed VIII Dc enIls
IL free from floating debt while The cost OF ne k9a1
will be more Than double The ainouh' u i' san l-H-0
The La Fsyeue ard Indianapolis Railroad is integral
part OF Two lines which, proceeding from LOlsViIe
and Cincinnati met Indianapolis, and thence crossing
The Wabash River Lafayette, the head OF steamboat
TesI Northwest No less than FIVE roads built building
oto Indianapolis from the South and EasI will seek
road and ali tie roads from thu West aiming for the pper
Wabash River hom Springfield, Illinois, 70 South bend
Indiana make focus al LaFsy Occupying 80 iAvo
able position the through business or the L. u X n
must ne fully equal 10 that OF any road whln me ots
while in respect to m local business none more Ayors3y
situated Penetrating bell OF country c9Hp,isIns va
eight wealthy and popuous counties OF indiana eu
forming
large surpus-its Northern extremity rests a. the neao OF
steamboAt navigation the Wabash River and al ne best
market town on the WaOash aud Erie Canal and It's SCUM
e terminus al Indianapolis Is within convenient reach of
Cincinnati. Louisville and the Ohio markets.
The bonds will be Issued IN OF $1,000 each daed
18Th February 1851 redeemabe in ten years and bearing
interest al the Of per cent per annu coupons
for the interest payable semannuay Al the Bank OF Amer
lea In The CITY Of NewYork the 18th day Of FEBRUARY
and August In each year will be attached TO each BOND
Ia addition to The security Afforded by lne mortgage
twenty three gentlemen of great respectaby and know
wealth of Lafayette and Indianapolis, and The vicinity
hsve given their personal liability FOR the prompt payment
OF he interest on these bonds until the road shall he com
peted fully equipped and ia operation throughout lh
entire length F., c--
The bonds are convertible into the stock Of the Company
Al mar al the option The holder any time within hve
wears from date e their issue As the Road VIII ne
one of The most Chespy constructed in the country ne.
eved az II passes thOU the Iest agricultural district 81
The West and forms link In the direct line oil Railroad
communication between Cincinnati aud CmcagO' lhsI II
must prove very remunerative 10 the Stockholders
have been made for early delivery OF
the rails which ensures tie completion OF the ltoao IN sen
son 10 secure The business OF the coming Autumn. -
Paymem Will be required for the Bonds as ioloWs IU
per cent on the day Of purchase and the balance wu ~
days al he option OF the purchaser The accrued interest,"
on Bonds TO be ado ed 10 date Of payment
Exhibits showing fully the merits OF The ROAD can
be obtained copies OF the Bonds and Mortgage and OF
the personal guarantee Of the interest payments can De
seen on application 10 ~ ,,,r,,,1r-sv,
20f 1t 20 D 2527tb Sc Wsl-sL