New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-18
DROPOSALS for LOAN.-SlOO.O 900

DAYTON and MICHIGAN RAILROAD SEVEN
FER CENT. FIRsf MORTGAGE CONVERTIBLE
~. DAYTON and Michigan Railroad Company offer for sal.
saeo 600 Of their norigsse Bonds, with Coupons 49,.
b.y are in sums Of ~ each able the lss July 1897
with interest cent ssmisnnoaly 10 The City Of
HevYork the lot January END the ist July Of each year
;, sst and oDIy Mortgage or beed Of Trs 10 Joseph
Tarnum Of the City Of NswYWk IN trust foT the bond
bode They issued under acts Of The legislature VI
Ohio authorizing them and the mortgage - secure their pay
uent The Of bonds thus 70 Be isued under 70
mcrteage IL million Of dOas They are convertible
into the capital stock Of the Company At he option o. nc
tn. amount Of Bonds at present bs issed under the
mortgsse 10 soo,OOD, Of which only $1,000" VIII nov De
The me tsass cover, the entire line Of the Company hs
properly rssl and pesoDal commencing at the teranson
ton Ohio; thence by Troy Piqua sidney Lima, Perfys
bsh Msurnes City and Toledo 70 the Michigan STATE ins
10 The direction Of Detroit, 10 miles lons
The mortgage provides that the Company shall only y1.
end the Trustee cstfJ under H. $1OgO Of bonds unu
aer the Rsed finished and ia operation 70 Sidney, ~
miles ee0o0 after the same finished sn1 10 ope
nation LcA s. miles and the Road completed
nom point 10 point AID the money nesded purchase iron
Il the and only Hen thereon and TIE only debt o. the
Tbs, p.rt Of the line yfns between Dayton ard Sidney
n nearly sAdsd and bdgso the rails have been purcn sd
snd now 10 the course Of sryswiu be completed s9d Ia
opefstioB by the first Of June next
An hgemeCt bss been made with the Cincinnati sno
DAYTON Road 70 rue II for the present.
The line from Dayton % the niehigsn State fne
serippea for one year estimated 10 cost s25JOO. Tas
ri iyips betv,en DAYTON and Sidney S6J0OlO
n ia The pursoee OF the Company 70 complete ths ne
dnsy FIRST tie residue from point % point continuously
Tire me- o. the Company will permit
To complete the Road 20 Sidney the Company hiss az
svsilsble sock Subscription Of aboat $1,000 which has
been mostly collected and expended the line To raise
the rem Ainirg means this loan 10 resorted To- ,..
Active progress BY the Company 70 fase
The necessary stock subscriptions 70 complete me ene
line eonsdersble sum has sresdy been subscribed lne
entire line 81 expected. will he placed under cDns o
graduation and masonry early pe1t year. ana eoups'oi
within the year following ~, -. =. L.. 40.
The Mortgage gives full power 10 the Trustee 70 ASs Ps
session Of the Road, It's pssonsl effects ifsnenss oep'
grounds &C. and 10 sell the same TO the hshes' oale -
raise money pay either Interest OF principal AZ cs7 VI
The country through which TIE Road pass with rs
connecting link 70 Cincinnati not only unsurpassed oas
upnyaed BY any other Of equal extent In the Jhon, IN
fertility soil cspsbity Of sustaining dense p5pusEOn
end ali the elements Of wealth and piospeniy ,os,
The report Of the Auditor Of the state o. O1o iol lo,
sows that onsfourth of the entire tsxaoie properly
Of that State found N the twelve counties 'Ho0sn
which this line passes from Toledo 70 CinclnnAu; 49,.
The Southern portion Of the line passes through e io
popuious and fertile portions Of The United states haH
century sEO il unbroken iorssL ,.,,,
Al sdney this line crosses the BeleoDtane and lndiAns
Railway; OF Lima the Ohio and ans which VIII prove
available tributary, opening 70 II the Immense trade 81
the region sround Fort Wayne aud that west sad north
oft
Lsie Shore Roads The ne will soon be extended 70 De
tot Al Dayton II connects with the road to Cincinnati
south, and to Indianapolis we" AID columbus EAST nail
q the Cincinnati Dayton Road, whose stocs no" 81
An examination OF q map Of this line will show tbs, Il
occupies most important position nearly, II not quite,
equal 20 any other In that State.
Scaled proposals Will be received for any sums not esa
Than 81 90 until Saturday. the 9th Day OF s month, AZ
S0olockP. N
PToposas m b. addressed 10 tbs Agents Of the Comps
n.y. Messrs WINSLOW, LANlER co, No. 54Wsllst,
ibdorsed Proposals Tor Dayton snd Michigan Railroad
Bonds"
twenty-five per cent Of the purchase viii be 70
oured 20 he paid accepting the bids the remainder 10
sau. monthly insamens Of . per cent Any purchaser
VIII be at liberty psy In ul 1t Interest on tho
Bonds will nun from the day Of payment
fhe shove Sl00OOO will be sold absolutely aud without
fessTye 20 the highest bidder
printed exhibit with msp and AL necessary informs
don III relation 20 these securities can be had by calling at
she Office Of the Companys Agents No D Wal~t Now
YoFt JNO. u. TELFOkD, PIeIcsnh
New York Sept 6, 1852