New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-15
for LOAN.-SlOO,OOO

II DAYTON snd MICHIGAN RAILROAD SEVEN
PER CENT FIRST MORTGAGE CONVERTIBLE
The Dayton and Michigan Railroad Company Offer for sale
&l00O00 Of their Mortgage Bonds with Coupons
They are in o. each payable tho LIST July, 1857
with Interest At per semi annually ia the CITY "
on the .t Janusry and the list July Of each ear
where the principal s also payable They secured
by fret and only Mortgage Deed OF Trust 20 Joseph r.
Vsmum Of the Ciy Of New York in trust for the bond,
Ohio authorizing them and the mortgage secure ae pay
ment The amount OF bonds thus to be Issued under me
mortgage is million Of dollars They convertible
into the capital stock OF the Company at the option OF the
holder
mortgage is $S0OOO Of which only $l0000V VIII now DO
offered Tor sale.
property real personal commencing the formulation
Of the Cincinnati and Dayton Railroad al the City OF Day
ton, Ohio; thence by Troy fiquA sidney Lima ferys'
buIeh Maumee City sud Toledo, the Michigan State hne
IN the direction Of Detroit lao miles long
The mortgage provides that the Company shall only issue
and the Trustee certify under It. SSoGet0 OF bonds until
aer the Road finished and In operation 20 Sidney, So
niles $4,000 after the nshed aud In ope-
ration to wa to mes aud 50 on as the Road completed
nom Point point and the money needed to purchase Iron
rails Nc
first and only lien thereon and the only debt Of the
Company
nearly graded snd bhdseo the nails have been purchased
and in the Of aryslwi b completed and in
operation BY The INST OF June neat
An arrangement tas been made with tho Cincinnati and
DAYTON Road 10 run it for The present.
The line irom Dayton tho MIch!ssn State line
equipPed for year estimated to cost - COCO Thst
part lying between Dayton and sidney S65a,oOo.
purpose Of the Company complete the line
Sidney hIs the residue om point 20 point continuously
the means OF the Company viii permit
To complete the Road 70 Sidney the Company has an
available stock subscription Of Abodt SiO00o which has
been mostly collected and expended the lice. To raise
the amir means this loan Is resorsed 80.
Active IN progress BY the Company TO raise
the necessary sfock subscriptions complete the
hne considerable sum has already been subscribed The
entire line II expected will be placed under contract Cor
ttsSnaen and masonry eSy next year, and completed
Tue Morssse syes full power the Trustee take pes.
session OF the Road personal effects franchises depot
Esoeds, &e to sell the TO the highest bidder,
money t. pay either interest or principal IN ssss Of
The country through which the Road passes with Il,
eonesSt5s nA 70 N'nennsn Is not only unsurpassed but
% Sy any o,ass Of equal exteat in the Union in
enc In all the elements OF wealth and prosperity
Iss .sl0 OF he Anditor OF TIE State Of Ohio for ISL
nowsust about one-hurth OF the entire taNahe prooartv
a mat Ssie SAs found IN the twelve oountes thIossS
TOE southern portion OF the line pasaes thToa.b tia mo-,
popsy and teI'ie petitions Of the United states hzif
Al Sidney this hne crosses the Belletentnn. .,.,n
Railway At Lime, The Ohio and inSsns W. aa sns
tie region around Fort Wayne and thai w,,t ana Do
OF a. w. s'N nofsa
h,rSledo 4 eersests with the Michigan southern Ar,
Lake ShoTs hoses The hus will bs extended 70 ~
tT0s At psyton connects with the road 10 Cises,
south aud to lHdiAnAPolis wer and colamba, sasi A
TITS Read vii probably pay shareholders 1ut- =. -,
de Cincinnati and Dsyton ROAD whOse s.oci 10 row A.
An examination Of map Of III, line viii show that.
occupies most in'9ostsn. Positoa psay d not QUIT.
equal 20 any other IN that Stats. 49,
Sealed proposals viii ee received for any ,un. M, L.
than o. coo until Saturday, the 18Th dAy Of tbs meath J.
SoeoekP NJ
Proposals viii be addressed to tbs Aren't. OF IN. Gamma,
ny, ksssgs. wINsLOw, LANlER CO. Ne S2wal-.t.
tndorsed Proposals. 6s Dayton aad hichisAn Railroad
BondAH ~N
twenty-five per cent Of the purcaas money VII h Re.
CURED 10 BE paid on accepting the bids the remainder Ia
eSea monthly instslmensof Is per Any parshAs.f
VII be ~ liberty pay full AZ once Iutsrest on ~.
Dends ~ih Tun from the day Of payment
reserve 10 the highest bidder
printed exhibit With msP and all necessary insorma
tos IN relation 70 these seeses can be hsa hy osus Al
Ne ofee Of the Compary's kfene No So Wal al Nsw.
Ysrk- mo e. YELFORD P,srSs.t
Nss.yerh, Sept & lss2