New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-22
PROPOSALS. for LOAN.-SlOD,00


DAYTON ard MICHIGAN RAILROAD SEVEN
FER CENT. FIRST MORTGAGE CONVERflBLE
BONDS
elO0 200 Of their Mortgage Bords, with Coupons
They .rs in suns Of leach psysble the lt July 1857
with Interest At per cent sem ANNUALLY IN the Ciiy o.
NswYork the Let January and the LIST july Of each year
where tie principal sum Ia also payable They are 'eegsd
V.rnun of City OF NewYork In trust for the bond
holder. They issued under acts OF the Legislature OF
Ohio Authorizing them and the mortgage their pay
nen The amount on BONDS thus 70 be issued tbs
mortgage IL million Of dollars They are convertible
capital stock Of she Company al the option OF tho
The amoupI Of Bonds present be issued under the
mortgage h sSoo.0o Of which only Sloo0N VIII now DO
offered for sale.
The u sase covers lire Of Company sheir
property real and personal commencing at the termination
Of the Cincinnati and Dayr RsirOad st the City OF Day
hon. Ohio thence by Try riqIA sidney, Lima refrys
buEh Maumee City and Toledo, to the Michsso stare ns
10 the direction of Detroit 40 miles lons
The mortgage provides that the Company snail only iss1e
the Trustee certify Jndef it. tb'wf Of bonds untl
ser III. Rs.d 1, flashed and In operation 10 Sidney IS
miles s0 n0 after the finished and 10 opo
Lina IS mes and the Road 10 completed
NON point point and the money uesded To purchase roa
rlile Ac
ane only lien thereon and the only debt Of the
THAI psr VI me line lying between Dayton ana sidney
nesy srded hddged tbs rails have been purch ased
snd GOV 10 the Of srdys-~ be completed and IL
operation BY the first OF une next
An has been ms1e vita the Cincinnati and
Dayton Road run u for he present
The entire lDe from Dayton 70 the Michigan State line,
equipped sOr year estimated n s5OOO That
,su lyins between Dayton and Sidney sSplWO
Its the purpose Of the Company 10 complete the line 10
Sidney first the residue from poot TO point continuously
tie means Of the Company will permit
To complete the Road 20 Sidney the Company has a.
available rOok subscription OF about SiVoVp, which has
been mostly expended the line To raise
the rem Amir means thi, loan is resorted 70
Active measures aye 10 progress oy the company 70 hse
tho Necessary Subscriptions to complete the sUlre
nue A considerable has already been subscribed The
entire ue expected will be placed under contract Tor
graduation ard psSnry early ReIt year. and somolsed
Within the yea Allowing
seion Of the Road it, p-ronal effects franchises depot
grounds kc ard % sell 70 she highest bidder 70
raise money u rsy either interest or principal 10 casa OF
iefsnlt
TIE country throuEh which the Road pssss., win It's
eonneetns nk 70 Cincinnati aot only unsurpassed but
unnvaed by any other Of equal extent Unon In
fertility Of so cap ability OF ssIanins dense population
and In all the elements Of wealth sld prosperity
The repot OF the Auditor OF IN, State OF Onio for 1851
that about oneurh OF the entire taxable proparty
Of that State found In the twelve counties through
which this hne passes from Toledo % Cincinnati
The Southern portion Of the line passes through the most
popuous ana fertile portion, OF the United States half
century aso it was an unbrosen to,est
At Sidney this line the Belefontsne and Indians
Railway At Lima the Ohio and Indiana which will prove
available tributary, opening 70 10 the Immense tsde Of
tie region around Fort Wayne. and that vest and North
Of IN
AtToledo IL connects with the Aicnirsn Southern and
LAke Shore Roeds The tne will BE- extended De-
no AT Dayton Il connects with the rUsd 10 Cincinnati
SOUTH .nd TO Indianapolis veg, and Columbus east
rhi. Road viii probably pay its shareholders quite we'll
the Cincinnati and Dayton Rood whose stock 10 st
An examination Of n.p Of thi, line viii show ths, s
occupies important position nearly If not quits
equal to any other IN that State.
Sealed proposals will bs received for any len
than so until saturday the l5th day Of this month 81
So'elock P NJ
Proposals all be addressed n. Agents OF tho Comps.
ny, hsssrs WINSL0W, LANIER l. co, No. 81 Waist
Indorsed "Proposais Tor Dayton sad Michigan Railroad
Bonds"
r~erryhvs psr cent OF the purenase money will be ro
CURED 70 be raid accepting bids the remainder
equal monthly ns;aneats u - per ANY purchaser
Will Be al liberty 70 pay 10 fu At iutsres; the
Sends will run from the day OF payment
The above $1,000 will be cold absolutely and without
reeve 10 the hsheG t.skS.
printed exhibit sitb map and all necessary inforna
don IN relation these securities be had oy calling ct
he Office Of the Company's Agenz No 50 Wall st, New.
York mo q PELPORD preadert
Nsv-York Sent a 1879