New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-05-10
GALE of MORTGAGE BONDS of the

- LAWRENCEBURGH and UPPER MISSISSIPPI
RAILROAD COMPANY-Ths company offers for sale
$500 600 of their per cent First Mortgage Bonds win
These bonds are in sums of EACH payable st March,
1866 with interest the first days OF March and September
the Office OF the Ohio Life Insurance and Trust Company
In the City of NewYork where the principal also pays
BILE They convertible into the stock Of the COMPANY
par any time within five years from their date and are
secured by first mortgage the entire road It's franchises
and equipment BY deed OF trust to George s. Zoe, OF sne
the Road and this beng the entire sum authorized TO Dc -
sued by the mortgage
The road extends from the road to from Cincinnati to
St Louis Lawrencebnrgh Indianapolis the capital OF
the State of Indiana distance Of so3 miles and WILL when
completed with the twenty miles of the road aforesaid be-
Lawrenceburgh and Cincinnati form the nearest and
most direct line from Indianapolis TO Cincinnati
II passes through several important towns and over most
fertile and well improved country and by of railroad
connections made and making at Shebyvlle and Indian
epois this line will be placed communication with fully
half Of indiana forming best and much of tie
country the only avenue OF travel and trade to Cincinnati
Seven railroads are made or making to Indianapolis the
most of which viii be important feeders to this Cincinnati
road three railroads made to Shelbyve the business o
which must naturally seek an outlet over this road.
The entire line under contract and about 20 miles now
ready for the iron the grade will be prepared to receive he
superucure far as Shebyvie 63 miles this fall which
place already connected by Railroad with ndianapoand
the contracts for the Road complete to indianapolis expire on
the LIST October. 1883 ooo
tuns the line, and being laid down. 600 tuns
will be forwarded from this port immediately 200 tuns are
ready for shipment in Wales and the residue Is to be dev
The total cost wifi rolling stock and equipments ready for
and the largest portion paid in and expended This mort
provides for only $500 00 and the only intended
to be gwen with il the of the Company ample
for the entire work. and the lien thus created only amountsto
s. 500 per mile
Indiana now the fifth State In the Union and Is fast adj
vancng in wealth and population Indianapolis her seat OF
likely to be the largest inland city IN the West
There is being concentrated at ID 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
and best with this system of public works
and Cincinnati the great Emporium of the West must be-
come important trunk line and amply repay the expend
tuTe upon its construction
In addition TO the mortgage the Directors and principal
Stockholders of this road have deposited with the Trustee
their personal guarantee the holders of these Bonds for the
puncua payment of the interest thereon until the road
completed Proper certificates and references given,
showing the entire ability of these parties to fulfill their
gagemens
Sealed Proposals for amount Of these Bonds not ess
than eco will be received until Saturday. the sd OF May
next at o'clock NJ. Proposals TO be directed to Messs
DE LAUNAY, ISELIN & CLARKE, No. 60 Wsll-st, and
Endorsed Proposals for Lawrenceburgh and Upper hsss
spp Railroad Bonds
Fifteen per Of the purchase money to be paid
cepng the bids the remsinderin equal monthly nstaments
Of Is per each The takers othe Bonds be liberty
to pay any time in full nereston the Bonds run from
date of payments
The above s5oOOo Bonds will be sold absolutely the
highest bidder.
Pamphlets and Maps and any further information relating
to these securities, can be had by application TO
DE LAUNAY. ISELIN CLARKE, No s. Wall-st.