New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-21
PROPOSALS. for LOAN.-S100.000
DAYTON and MICHIGAN RAILROAD SEVEN
PER CENT FIRsf MORTGAGE CONVERTIBLE

PROPOSALS. for LOAN.-Sl00.000
u DAYTON and MICHIGAN RAILROAD SEVEN
PER CENT. F1Rsf MORTGAGE CONVERTIBLE
tn. DAYTON and Michigan Railroad Company offer for sale
eIOO OOO OF their Mortgage Bonds, with Coupons -
They are in SUNS Of esch payable the LIST July 1907
with Interest at per cent ssmiaanusy in the City Of
NevYok on the ls January and the LIST July OF eseh yeaL
where the principal sum is also payable They are 'scssd
Vsrnum Of the City OF NewYork in trust for the bond
holders They Issued under acts OF the Legislature OF
Ohio Authorizing and the to their
nen The Of bonds thus 70 be Issued under he
mortgage il one million Of dollars They convertible
into the capital stock Of the Company st the option OF the
The amount Of Bond. At present be Issued under the
mortgage sSooCOJ Of which only slOoVO Will now be
offered for sale.
The mo sage covers the entire line Of the Company their
property rss and personal commencing at the Termination
CT the Cincinnati and Oayt6n Railroad at the City OF Day
ton Ohio; thence by Troy Piqua Sidney Lima Perry+
burgh Maunee City and Toledo the Michigan State line
| "a the direction Of Detroit 40 miles long
The mortgage provides Company shall only ssoe
and the Trustee certify under IT. $1,000 OF bonds until
sfer the Read 10 finished and operation Sidney, IS
uss 5000 900 more amer the same finished and In ope
ration Lima 65 miles and the Road completed
nom point point and the money needed to purchase ros
IL and only lien thereon and the only debt OF the
Thai part OF the line lying Dayton Sidney
sneaJ graded and bndsed the rails have been puTch-sed
operation by the hrst Of June next
Al has been msds with the Cincinnati and
DAYTON Road 70 run IL for the present.
The entire line from Dayton the mchgsn State line
,ouipped for one year is estimated to $4,000 That
part lying between Dayton and Sidney $4,000
the purpose Of the Company to complete the line 70
Sidney fret the residue from point to point continuously ~
the means Of the Compsuy viii permit.
To complete the Road 20 Sidney the Company has a.
available sock subscription OF about tiO0ON which has
mostly collected and expended on the line To raise
the ainus means this loan 10 resorted to
Active progress by the Company to raise
the necessary stock subscriptions 70 complete the entire
line considerable has already been subscribed The
entire line 10 is expected will be placed under contract for
graduation and masonry early neIt year. and completed
The Mortgage gives full power to the Trustee 10 take pos
sesson Of the Road its personal effects franchises depot
grounds &c ana to sell the same to the highest bidder 10
raise money to either interest or principal In cas- OF
The country through which the Road passes. with iu
connecting nt to Cincinnati not only unsurpassed bat
upnvsed by any other Of equal extent in the Union, IN
fertility ofso capsbity OF sustaining dense population,
aud in all the elements Of wealth and prosperity.
The report Of the Auditor OF the State Of Ohio for 1851
that about fourth Of the entire taxable property
Of that State found 10 the twelve counties through
which this line passes from Toledo to Cincinnati.
The Southern portion Of the line passes through the most
populous and fertile portions OF the United States half
sentury age il was an unbroken forest
Al Sidney this line the Beefontaine and Indians
Railway; Lima the Ohio and Indiana, which will prove
svslushe tributary, opening TO II the immense trade Of
the region around Fort Wayne and that west and north
Of IL.
Lake Shore Roads The line will be extended 70 De
uOt At Dayton II connects with the road to Cincinnati
south, and TO Indianapolis wes and Columbus east
This ROsd will probably pay its shareholders qnite well
the Cincinnati and Dayton Road. whose stock uow at
or above par.
An examination OF map OF this line will show that 10
occupies most important position, nearly, II not quite,
equal to any other In that State
Seaed proposals will be received for .uy sum, not lea.
than sO until Saturday, the 18th day OF this mouth at
So'olock p NJ
Proposals will be addressed to the Agents Of the Comps
uy Messrs. WINSLOW, LANlER CO. No. 50 Wallst,
Endorsed Proposals for Dayton snd Michigan Railroad
Bonds"
twenty-five per cent Of the purchase money will be
CURED be paid accepting the bids the remainder IN
squa monthly nsslments Of Is per Auy purchaser
will be liberty pay In full lntereot the
Bonds will run from the day Of payment
The above $1,000 will DO sold absolutely and without
reserve the highest bidder.
printed exhibit with InAp and all necessary nfornA
ton In relation these securities be hsd by calling
the office Of she Companys Agents No. 50 Wal New
York. JNO. q. fELFOKD, Precedent
New-york Sept 6. lo52