New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-20
PROPOSALS. for LOAN.-SlOO.OOO

JROPOSAbS iOf LIZA " o '.
DAYTON and MICHIGAN RAILROAD SEVEN
PrR CENT. FIRsf MORTGAGE CONVERTIBLE
BONDS.
slO0 600 OF their Mortgage Bonds with Coupons 49,
They are in OF each payable me jury ioo
with Interest Al per cent semi annually, 10 e SnJ
SsvYok on the lot Jsnusy sud the st July OF each year
where principal s also payable They are secured
sy first and only Mortgage Deed of Trust to Joseph
T,pnm OF the CITY Of NewYork in trust for the bond.
holders They are Issued under acts Of the Legsa ure OF
Ohio authorizing them and the mortgage - secure their pay
mortgage million OF dollar They are convertible
the capital stock Of the Company st the option OF he
TIE amount Of Bonds present be issued under the
mortgage 10 SS0ooOO Of which only sloOOcO viii now be
The mo ssse cover, the entire line OF the Compsn their
property real ard personal commencing at the termination
Of the Cincinnati and Oayt'u Railroad q, the City u Day
Ton Ohio; thence by Troy Piqua sidney Lima petys
burgh Maumee City and Toledo 10 the Michigan state line
70 the direction Of Detroit, l4o miles long
The mortgage provides tina, the Company shall only Issue
and the Trustee certify under IT. $4,000 Of bonds until
after the Road Is finished and in operation TO Sidney,
miles s2u0 coo after the finished and In ope
r.tou 20 Lima IS miles ana 90 the Road completed
hon point pon and the money needed purchase iron
the first and only lien thereon and the only debt Of the
Tbsi p.rt the line lyns between Dayton and Sidney
nearly graded and brdged the rails have been purchased
,nd now 10 the Of arys-wi b. completed ard r
operation By the first Of June next
An Arrangement hss been made with the CINCINNATI and
DAYTON Road TO run IL for tie present.
The entire line from Dayton the mchgAn State line
part lying between Dayton and Sidney Sor,0p
1t the purpose Of the Company to complete the line 70
Sidney FIRST the residue from point 20 point continuously
NE uie ans Of the Company will permit
To complete the Road 20 Sidney the Company nAs N
available sock subscription Of about tiNWn which has
been mostly collected and expended the line To raise
Ihe remaining means this loan IL resUrted 20
Active In progress by the Company 10 raise
the necessary "ocf subscriptions u complete Inc entire
line considerable has already been subscribed The
entire line II Is expected will be placed under contract oI
evacuation ard masonry early next year, and eompated
~ithio the year following
Tie Mortgage full power 70 the Trustee TO axe p"s
'essou Of the Road its personal effects franchises depoi
Eroauds &C. sel the 10 the highest bidder 70
se money pay either interest or principal IN cas- OF
aefsut
The country through which the Roid passes. with IL
connecting link 20 Cincinnati Is not only uusurpassei but
unnvsed by any Of equal extent in the Union In
fertility Ofsoil capzby Of sustaining dense population,
and 10 all the elements OF wealth and prosperity.
that shout fourth Of the taxable property
which this line passs from Toledo to Cincinnati
The Southern portion Of the line passes through the moa.
popuous and fertile portions VI the United States halt
century age it was an unbroken forest
Al Sidney this line the belletontane snd Indians
Railway az Lima the Ohio and Indiana which Will prove
Available tributary. opening 70 H the immense trade Of
Ne region around Fort Wayne, and that wet and north
Of IT,
At Toledo 1t connect. with the Michigan Southern and
Lake Shore Roads The ns will be extended to De
ro AT dayton It eonneer With the road TO Cincinnati
suth, and TO lndisnspolis west, and Columbus east
This Road will probably paw Us shareholders quite well
the Cincinnati and Dayton Road whose stock ia
OF above par
An examination OF nap OF this line will show that Il
occupies most important position, nearly II not qua
equal 70 any other in that State
Sealed proposals will be received for any sums not iee
ten $1,000 until Saturday the 18th day Of this month
so'elocs T. NJ
Proposals will be addressed to tbs AGENTS u the Comps
ny, hessrs. NlNSLOW, LANlER co. No 81 Wail-st.
Endorsed Proposals. Tor Daytoo And Michigan Railroad
Bonds"
twenty-five per cent OF the purchase money will be
CURED 10 be paid accepting the bids the remainder
equal monthly inssllmens Of - per cent ANY purchaser
Will be a. liberty - pay IN fall Interest on the
Bonds will run from the day OF payment
The above SlO0OO Will be sold absolutely and without
highest bidder.
printed exhibit with map and ali necessary nforma
ton IN relation 20 these securities be By calling
the Office Of the Company. Agents No. 81 Wslst New
York JNO. q. fELFORD President
New.York. Sept s. 1851