New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-13
Gnanrial.
Proposals for Loan.
&0S0 0OA BELLEFONTAINE
Up %0yOoOVy AND INDIANA RAILROAD


$25O.0O0 AEb BEkbEFoNTABNB IEbI5F3 SIIAa61B
SEVEN PER CENT, FIRST MORTGAGE, CON-
VERTIBLE BONDs.-The Bsllefontaine and Indiana
Railroad Company offer for sale $780, 900 of their SEVEN
PER CENT MORTGAGE BONDS, with interest Cou-
pOns annexed.
They of $1,000 EACH payable July 1866,
with interest per cent semi annually the st day of
July and January, the Bank Of Commerce. the City
of New York, where the principal is also payable and
secured by mortgage to John A. Stevens Esq, of New
York in trust for the BOndhoders They convertible
into the of the Company the option of the holders.
They issued under acts Of the Legislature Of Ohio,
thoIsng hem and the mortgage above to the
payment thereof The amount of Bonds to be thus issued
under the Mortgages limited S8O0O of which 900
have been disposed Of Only s25OO0O offered for
sale. The residue will be disposed of the wants Of the
Company, hereafter, from time to time, may make it
sary.
The mortgage covers the whole Road of the Company
l18 miles long and the first and only lien thereon THIS
embraces line its connection with the Ohio
and Pennsylvania Railway, at Galea, where the
Cleveland and Columbus Railroad the same,
through Marion Belefontane Sidney, and other aport
towns to UnOn the line dividing the States Of Ohio
and Indiana with the Indianapolis and
Beleiontane Railroad, nearly completed. The
tire line of l8 miles is under contract for graduation
and masonry, and about 81 mieE Of nearly ready
the iron rails portion Of the rails purchased and
in the of arrival 1t is expected that the first
ton the road will be completed and In operation By the
ls day of July next the remainder of the line by the
first day Of January next
The means for the construction equipment the
Road are provided by Stock and Bonds The of $780,
subscribed the Capital Stock of the Company and
ever $500 600 has been already paid and expended
the line and in the purchase Of materials &C. The residue
being regularly paid the call of the Company To
the remaining means the Company has resored to this
loan.
The mortgage empowers the Trustee il of failure
10 pay either principal take possession
Road with its eqOpment and to receive its earnings
to sell the due notice. and apply the proceeds in
payment.
An inspection the map will this Road to occupy
important position It is a continuation Ohio and
Pennsylvania Road through Ohio thence Indianapolis
and St Louis by way Of Terre HauEe The indianapolis
and Terre Haute Road completed and in operation
The Indianapolis and Beefontane Road completed and
in operation from Indianapolis point the Ohio
State line and will be entirely completed by October
Company has been organized to make the remaining
portion ofroad lying between Terre Haute and St. Louis
and the werk will soon be placed under contract.
1t will be that this is the nearest natural and
direct from New York and Philadelphia to St Louis
tayersng perhaps he most fertile pOpulou and improved
portions Of the States through which the line passes
From the nature of the country, the construction of
Railway Is easy and cheap
The estimated cost with sufficient equipment for
year is 81 $50.
The BONDS constitute the only debt of
Company. That this road will prove great useful
and profit admits Of but little doubt ItI local
alene will yield handsome support But connected as
East and West will be of the greatest channels
through travel in the United States It ever be
the principal line Of travel from the Eastern aad Northern
cities st. Louis and the regions beyond This Will
make the convertible clause Of value at an early day
SEALED PROPOSALS will be received for any amount
net less than OOO unl Tuesday the day March,
instant at o'clock p NJ Proposals will be addressed
the Agents of the Co, Messrs. WINsLOW, LANIER s.
CO., No. 50 Wa-Ht., ndOrIsd Proposals for Belefon-
taine and Indiana Bonds"
Twenty i've per cent. of the purchase money will be
qured to be paid accepting the Bids the remainder
equal monthly insalments of IS per Any purchaser
will be at liberty pay il full once and interest the
Bonds viii run from date of payments.
The above S25OOOO will be sold absolutely aud without
reserve the highest bidder printed exhibit, with
map and all the necessary information in relation these
securities, bo had by calling the Office of the agen
ofthe Company, No SO Wall st. New-Yor March G.
1852 JAS. H. GOODMAN, Prest Belief & Ia R R. Co.