New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-14
PROPOSALS for LOAN.-S 500, 600
DAYTON and MICHIGAN RAILROAD SEVEN
PER CENT. FlRSK MORTGAGE CONVERTIBLE

- DR1ION ana mlO1lOAN hAlLROAD
PER CENT. FlRsR MORTGAGE CONVERTIBLE
BONDS.
The Dayton and Michigan Rsilrcsd Company offer for sale
$4,000 OF their Mortgage Bonds with Coupons
They ere o Of each payable the st July, 1851
with interest al per cent semiannuay in the Ciiy OF
Eew ok the lat January and the LIST July OF each
where principal also payable They secured
BY first and only Mongsee Deed OF Trust to Joseph g.
NeInum Of the City Of NewYoT in trust for the bond.
holders They Issued under Of tho Legislature Of
Ohio authorizing them and the mortgage - their pay
emit The amount Of bonds thus TO be issued under q
mortgage million Of dollars They convertible
into the capital stock OF the Company at the option OF the
holder.
The Of Bonds present he issued under the
mortgage is $4,000, OF which only SleoGO viii now be
| offered for sale.
The M teee covers the entire lire Of the COMPANY their
property real and person al commencing At the Termination
Of the Cincinnati and payt Railroad the City OF Day
ton, Ohio; thence by hoy Pqua Sidney, Lima Perys-
bmgh Maumee City and Toledo the Michigan State line
IN the direction Of Detroit, Tao miles long
The mortgage provides that the Company shall only 1e
and the Trustee certify under IT, $Su0 Of bonds until
after the Read finished and In operation TO Sidney 81
miles S2N0Ct0 more after the finished and 10 ops
ration TO Lima IS miles and The Road s completed
Nom point 10 point aud the money Needed " purchase iron
!. s and only lien thereon and the only debt Of the
Company
is nearly srsdet and bdgeo tbs rails have been purchased
10 the OF arTiva-wl be completed and 10
operation BY the FIRST Of June next
An ADVANCEMENT has been made with the Cincinnati and
Dayton Road 70 run It for the present
Tie entss line from Dayton to tho Miehgsn State line
equipped for year. estimated 10 - eco. That
part lying between Dayton and sidney S65N,s0.
s the purpose OF the Company 10 complete the line TO
Sidney 6rst Ire residue from point % point a.
the means Of the Company viii permit
To oouplete the Rosd 10 Sidney thu Company has
available sock subscription Of shoat $4,000 which has
been mostly collected and expended on the lice To raise
The rem a1pir means this loan Is resOrted %.
Active ale In progress BY the Company TO raise
line. considerable has resdy been subscribed Ths
entire ne II Is expected Will be placed under consac; for
sssesiion ara masonry early ns1t year. AID completed
within the year fJlJvlrg
Ths Mo1traEe gives u power the Trustee to take po.
session Of tie Road IL personal Effects franchises depot
sfoGno &C. hnc 70 sell the sane 70 ne highest bidder 10
raise money = either interest OF principal IL casa u
The country throvgh which the Ro.d pa..e. with II,
connecting Lnk 70 Cincinnati Is not only unsurpassed but
SIvseo BY Any other Ct equal extent IN the Union In
fertility soil cap ability Of sustanirs dense population
IN al the elements Of wealth and prosperity.
The fspot Of The Auditor OF tho STATE u OHIO for 1881
shows that about oret0unh u he entire taxable prop4y
Of that State found in the twelve counties thloegh
Which this the psss,s from Toledo "a Cineinnan
lie southern portion Of the line through the most
popa.ols ard fertile portions Of ths United States half
eentrry ago u unsfoken fo,cst
A. son~y tbs Inc the Belefon,ains ard Iad.n.
hs~.l 81 Lima e OHIO AID Indians which viii prove
A-a5e murray. oBslltE 70 II The inDenss usde OF
"a Fsteh L00ne FoIi NaJEs, And that ~sE aud north
AtToedo II oonnecs With the Mlchis.n Southern and
l. As Sh0re hceca The Inc Nil be extended 70 De-
tot A. Dayton II connects with The road Cinsi1nsd
-, -. arc % IND SPOTS vsr srd Columbus east
it ko'e vi probably pay i sbarshc 5srs quite as well
9, 80. sEd Dayton Road, whose stoet at
Examination Of map Of this the vii show tts, II
ssual ,o = ia important posigE neatly II not quiss
Sssi~ss - ethsi IN thai st1ls. -
than 8, IA 800 Nj be received f1r any Sans 10, le..
sgeoelP M s.sFaay Tie 18Th day of LIS month A
~ e.. s = addressed 70 IN. A,.,,, co
lado,ssd aP.sess.Lo LAEIER 4 CO. No 5!W.ljs
beSdA" ut Dayton sn1 Aiehixaa Rsjlros3
sad pa e sss. % he psreh.. money win Be
eSaa tnontty slEsaf ne ida Remainder Ia
ssss s 4 rss u 70 an s ss. A. sa,sA.ssI
lie ssoys sieooeo viii b. " sssm.nt
printed sxhibit w,,n vi NA''a'
goo % 'slaon 70 sss sseaS va az asess.sy inssru.
York 10y Axsn1 Ne. a Wal -
Nsv'Yoa, ssvt q issa "o' " sELSoaD, Frssissn