New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-17
lie NuINEs aIvER IMPROVE

hEs MONIES RIVER IMPRONE e.
~ NENT Eight PAR CENT STOCK -Tas sab
soIi's' oa,'s ior sac 81 $50 OOo FIG IT PER CENT
PkTFESRED COUPON BONDS. sa.ho';r.d % be issusd
,! Tho s'a's OF ioss sstit'ed he DIS MONIES RIVER
IMPROVEMENT CONTRACTION STOCK" rhe
pii1c a. -ra H'e ss p4ssSe a. tie bIESns AOsse OF
hsssFs DUNCAN, SHEgaAN \ CO. n the CITY OF
Nev Yok
The FHcigd $ payable Al the pleasure ofthe STATE N
Iowa sier 49, % the r,s VI Sc0O, eaeA year uu the
~hoe sur pAj ard Tie Ia erts, "a The 6tst d,,ef Mar
sTt Norsmber ofeach year
rhs'c BoIds aa,rj safe sod lava-abl, iar.susat n,
csrssis ard are issued 10 Pursuance q m ass II tia
Lee sA.are OF he State Of iowa kr The purpose sf,a
piosrs he nagaii'n SC 4 the Des MONIES Ryer Tn.
seci, ofhese Bonds based on lands opra,edsy
Of Congress approved gus, 1916 granting 70 The
then TTnsoiy Of lows for the purpose q aiding sad
reuiory 10 improve the navss,ioa Of the Des MONIES
RIVER. mouth 20 the Rsccoon Fosk $50 ealsdl IA
rad Territory equal moets alternate sections oftes
pubic .rcs remsmrg uIsoll strip five miles ~iish
each side 81 sand rlvcT
The proceeds of these lands evOcAby pledged fr
tie faithful fulGment Of these obligations OF the State
and oI TIE redemption OF the principal aud ntefeS Of the
Boz lis ahsHe described
These cethcstes Bonds eRttie the holders thereof
to tic net proceeds Of the Of all lands heretofore
that may hereafter be granted By Congress Tor the use and
benefit 81 SAID improvement and also the act prod OF
wateren,s and tolls said improvement said proceeds
and proGts be faithfully spped the payment OF inter
est snd redempii Of such csrdcs;es Of stock
heIelnhe fore provided"
The amour, lants thus secured to the Ssae applicable
20 the object aforementioned aud still remaining unsoid
exceeds million Of which 90 be sold fSr the
first I'VE years after offered yearly parcels OF $50
scTes I less sA-A - all shea aasslJ
Of each parcel az not less than 81 81 per acre sssJ
has already been expended upon the works Of the improve
ment now progress OF construction md paid for BY land
sales.
The Subscriber invites the attention OF capitalists to the
sboye-des cIibed securities believing them be excel
elt and The state ofIowahas appointed
trustees whose duty supsrtend the works OF i'm
pioysmeut and make shfu appropriations aud erpendi-
lures Of all moneys that from the sales OF the
lands granted BY Congress The honor OF the State "a
pedged iot the proper appropriate Of the the
payment o principal and interest thereon, Of said
trust JiHd.
The act Of Crstess granting these lands Is sufficiently
stringent TO prevent any transportation Of the
arising out Of the sales, Will be by elimination
Of the second section OF the act, rs follows:
Sc TON And be it further enacted, That the land
hereby granted shall not be conveyed disposed sad
Territory by any State to be formed out Of the same
except ssd improvements shall prcsress that is tho
sad Territory State may sell much OF said lands 81
shall produce the OF $4,000 and then the sales shall
Cease Until the Governor Of sad Territory State shall
ceu the fact to the President OF the United States that
hall Of said sum has been expended on said improve
neut hen the said Territory or State may sell and con-
yey quantity Oftle residue Of lands sufficient 10
place the amount expended aRd thus the sales sha pro-
gress the proceeds thereof shall be expended sni the
fact # such Ell endture shall be certified Aforesaid
The Bonds issued pay able 10 the bearer AMI
sums Of $500, with Coupons attached
They offered IN amounts 10 suit purchasers.
(Sgled) SIMEON DRAPER
Few-Yoik January Y. 1852 Us rurhxS