New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-05
GALE of MORTGAGE BONDS of the


~ LAWRENCEBURGH and UPPER MISSISSIPPI
RAILROAD COMPANY.-Thi. company offers for sale
tooo of their cent First Mortgage Bonds with
These bonds are of g. o each payable LIST March,
at the Office Of the Ohio Life Insurance and Trust Company
the City of NewYok where the principal is also pays
be They convertible the stock of the Company at
par any time within FIVE years from their date and are
secured by first mortgage the entire road MS franchises
cty q New York this being the inst and only lien upon
the Road and this beng the entire sum authorized 70 be Is
sued by the mortgage.
The road extends from the road from Cincinnati to
St Louis ct Lawrenceburgh Indianapolis the capital Of
the State Of Indiana distance OF sol miles and Will when
completed with the twenty miles of the road aforesaid be-
tween Lawencebugh and Cincinnati form the nearest and
most direct line from Indianapolis to Cincinnati
II passes through several important towns and over most
fertile and well improved country and by Of railroad
connections made and making at Shebyvile and indian
spolis this line will be placed Is communication with fully
of Indiana forming the best and for much of the
country the only OF travel and trade to Cincinnati
Seven railroads are made making Indianapolis the
most of which will be important feeders this Cincinnati
road three railroads made to Shelbyvie the business
which must naturally seek an outlet over this road
The entire line under contract and about % miles is now
ready for the iron the grade viii be prepared 10 receive the
upertrcte az far az Shebyyille s. miles this fall which
place is already connected by Railroad with ndianspo. land
the contracts for the Road complete 10 Indianapolis expire on
the LIST October. 1858.
The rails for the entire line tuns purchased 200
tuns the line and being laid down 900 tuns
will be forwarded from this pert immediately fo tuns are
ready for shipment In Wales and the residue TO De dev
cred In New-Ofleans next winter.
The total cost with rolling stock and equipments ready for
and the largest portion Of paid in and expended This mort
gage provides for only $780, COO and the only intended
to gwen with the Of the Company ample
for the entire and the lien thus created only amounts to
Is, 500 per mile
Indiana now the fth in the Union and is fast adj
vanciug wealth and population Indianapolis her seat OF
skely to be the largest inland city IN the West
There being concentrated IL net work of railroads
which, with connections will penetrate every part Of the
State II must he evident that the road which shall form the
nearest and best connection with this system of public works
and Cincinnati, the great Emporium Of the West must be-
important trunk line and amply repay the eXpendi
ture upon its construction.
In addition to the mortgage the Directors and principal
Stockholders of this road have deposited with the Trustee
their personal to the holders of these Bonds for the
punctue payment of the interest thereon until the road
completed Proper certificates and references given,
showing the entire ability Of these parties to fulfill their
eagements.
Sealed Proposals for any amount of these Bonds not less
than 600 will be received until Saturday. the sd OF May
next az o'clock NJ Proposals to be directed to Messr.
DE LAUNAY, ISELIN 4 CLARKE, No. SO Wallst, and
naor.d Proposals. for Lawrencebursh and Upper Missis
gpp Railroad Bonds
Fifteen per of the purchase money to be paid
ceptng the bids the remainder IN equal monthly nstaents
of Is per each The takers OF the Bonds 70 be at liberty
to pay any time full Interest the Bondsto run from
date OF payments
The above $4,000 Bonds will be sold absolutely to the
highest bidder. -
Pamphlets and Maps and further information relating
TO these securities can be had by application TO
DE LAUNAY, lSELIN CLARKE, No. s. Wali-st-