New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-27

nES MONIES OVER IMPROVE
MENr EIGHT 'kR CENT STOCK -
'cEibsr offers for sale sl.3co.ooo EIGar pm cry.
PRE- EhkLp COUPON oNDS aaIhori,.d to D. i,,,.t
BY the state ofIowa sB't.c o.. DIES uoTsrs pISs'
IMPROVEMENT con .TRucrJov SrOcv = In
principal snd htslssi p,,sh, 9, ,hs h,.s,.. -
Ms'sn DUNCAN, SHERMAN { co an. c,, :.
New York. wv wv %
4h' passois a. he pleasrr, ofth. st.t.0 ~
Iowa Ansr 1877 a. tie ra's si SEQ ooo .,ch -,
aud November ofsach ysa, eA,soi MAR
These Bonds aGcrd saS and ,.v.-.,,
capitalists, and are issn'd ~ parsn.nc. :, oen' ios
Legislature Of the State OF lows, Tor Tn, - ~ 'n'
proWngihe nAYsasi'n. sc Z TIE Des Moin.. ~
security ofsheSe Bonds BASED apsn aads ,as
m ac' Of Csrg'ess approved August lsls Ersa,n-
then Territory Il Iowa, ior he purpose o. 49,
Territory TO improve N, n.vEsion Of IN. D., ~ 20
RIVER. from It's noah 60 tie RsocSon Fork ESQ c,us -
said Territory equal mosty stcrnats ,.c;io,. -
puhLc srds remaining sold sri9 five mile, in ,,s,l
on each side Of said uver
The proceeds Of these asds are irrevoc ably r.,.a
the faithful fulhment Of these oaI Of III. ST..
and foI the redemption Of the principal and nsrex ~ 49,
Bonds above described
These certificates Bonds entitls the holder, a.
TO ,ss net proceeds Of the Of all lands h,rsst
that may hereafter be granted by Congress for In.
benefit ofsad improvement, aud also to N, "a,
watsr-ents nd tolls said Improvement, .as -,
and profits TO be faithfully app I'D to the
and redemption OF. such certificate, AZ 49,
hereinbefore provided"
The Of LANDS thus secured to tn. Stat. ,,,,
to the object sboye-ntn L ed aud still r,rn.i,,, -.
exceeds million Of which V not 10 ba ,ols o. 80
first five years after 1t offered yearly parcs, NJ :, IN,
acres ior less than - per acre all then remaining ..s
OF each parcel at not less than s. 81 per acr, s1,
has already been expended upo the works Of ~. ..~
ment now IN progress Of Construction and paid far nv 10
sales ~
The subscriber invites the attention Of c,o,,i,.,.
aboye-descrbed securities bsleyisy ham 70 hs a, -
lent and safe investment Taesiae OF Iowa
trustees, whose duty It is to sa0suutend IA. 1890
proVement and make ahul appropriations and ,rnsns
lures OF all moneys that may from the sales Of m.
lands granted by Congress The honor Of the sta,s IL
pledged for the proper approp aon Of he ,.w, 70 N.
payment Of the principal interest thereon ON, ~ IA
trust fund.
The act OF Congress granting thess lands 4. ,ume.a,
stringent TO prevent any preparation Of the nsu,x,
arising os Of the sales, ~ be seen by an sxsmip,o
of the second section OF the act ss follows:
"SEcTIoS2 And be 10 further enacted, Tha, the land
hereby granted shall not bo conveyed disposed b, sad
Territory by any State be formed Of the sam.
except as said Improvements sail progress; that H. the
said Territory State may sell much of said aads a,
shall produce the OF $50 O. and then the sales sha
cease until tie Governor OF sad Territory or State shan
Gently the fact to the President the United States that
one half Of said has been expended said improve
ment hen the said Territory State may sell aad con-
yey quantity fthe residue OF lands sdssn, to re-
place the amount expended and thus the sales shall pro-
ses the proceeds thereof shall be expended AID the
fact of such expenditure shall he certified Aforesaid
The Bonds issued payable to the bearer, and IN
sums of $500, with Coupons attached.
They are offered in amounts " suit purchasers.
(Sgned,) SIMEON DRAPER
New-York January IL. 1852 us TurskS