New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-07
GALE of MORTGAGE BONDS of the

GALE of MORTGAGE BONDS of the
- LAWRENCEBURGH and UPPER MISSISSIPPI
RAILROAD COMPANY.-This company offers for sale
5000 of their per cent First Mortgage BONDS with
Interest Coupons annexed
These bends are in sums of EACH payable LIST March,
1866 with interest the first days OF March and September
At the Office of the Ohio Life Insurance and Trust Company,
In the City of NewYok where the principal Is also paya.
bic They are convertible into the stock of the Company at
mar at any time within five years from their date and
secured by first mortgage the entire road Its franchises
and equipment by deed Of trust to George s. Coe Of tne
the Road and this being the entire sum authorized 70 DC -
sued by the mortgage. r.. c...,.
St Louis at Lawrenceburgh TO Indianapolis the capital OF
the State of Indiana, distance OF 90l miles and WILL when
completed with the twenty miles OF the road aforesaid be-
tween Lawrencebugh and Cincinnati form the nearest and
most direct line from Indianapolis to Cincinnati;
Ii passes through several important towns ana over most
fertile and well improved country and by of railroad
connections made and making at Shebyville and Indian
apolis this line will be placed In communication with uy
onehaf Indiana forming the best and for much of the
country the only avenue OF travel and trade to Cincinnati
Seven railroads made making to Indianapolis the
of which will be important feeders to this Cincinnati
road three railroads made to Shebyyie the business Of
which must naturally seek an outlet over this road
The entire line under contract and about ~ miles IA now
ready for the iron the grade will be prepared to receive ts
sgpeuetne far shebyville 6s miles this fall wea
place already connected by Railroad with lndanapoana
the contracts for the Road complete Indianapolis
the LIST October. 1858. aoo
The rails for the entire line 200 tuns are o
tuns the line and now being laid down; goo uns
will be forwarded from this port immediately .Oo Guns are
ready for shipment Wales and the residue Is to be dehv-
cred in New Orleans next winter,
The total with rolling stock and equipments ready Tor
business ST. $500 900 Of stock has been subscribed
and the portion OF paid in and expended This mort
gage provides for only $0000 and the only intended
be given with IL the of the Company ample
for the entire work. and the lien thus created only amounst to
$500 per mile
Indiana the fifth State in the Union and is fast adj
vsDcing wealth and population Indianapolis her seat Of
skey Ia be the largest inland city in the West
There is being concentrated at 1t net work of railroads.
which, with CONNECTIONS will penetrate every part Of the
State IL must be evident that the road which shall form the
nearest and best connection with this of public works
and Cincinnati the great Emporium OF the West be-
come an important trunk line and amply repay the expend
ture upon its construction.
In addition the mortgage the Directors and principal
Stockholders OF this road have deposited with the Trustee
their the holders of these Bonds for the
punctua payment of the interest thereon until the road
completed Proper certificates and references given,
showing the entire ability Of these parties fulfill their
gagements
Sealed Proposals for any amount OF these Bonds les
than ooo will be received until Saturday the I'D OF May
next at O'clock NJ Proposals 10 be directed to Mess
DE LAUNAY, ISELlN Il CLARKE, No. 63 Wal-st., and
Endorsed Proposals for Lawrencebugh and Upper MssS
sppi Railroad Bonds
Fifteen per cent of the purchase money to be paid
cepng the bids the remainder equal monthly nsalmens
Of Is each The takers the Bonds be liberty
70 at any tme in full Interest the Bonds from
The above $4,000 Bonds will be sold absolutely to the
highest bidder.
Pamphlets and Maps and any further information relating
to these securities can be had by application to
DE LAUNAY, ISELIN l. CLARKE, No. s. Wal-st