New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-11
PROPOSALS for LOAN.-Sl00,000
u DAYTON and MICHIGAN RAILROAD SEVEN

bONDS.
The Dayton and Michigan Railroad Company offer for sale
slooooo Of their mortsage Bonds with Coupons -
with Interest per cent semi annually In the City OF
NwYork the let January snd the LIST July OF each year
BY FIST and only Mortgage or Deed of Trust TO Joseph
Nsnum Of the City u NewIork In trust for tho bond
boders They Issued under acts Of the Legislature Of
Ohio authorizing them and the mortgage to secure their pay
uent The amount Of bonds thus to be Issued under me
mortgage Is one million Of dollars They are eonVeols
into the capital stock Of the Company at the option oil the
The amount Of Bonds at present to be issued under the
mortgage Is $4,000 Of which only slooVoO VIII now Be
The mo tsase covers the entire line Of the Company their
property real and persona commencing at the termination
Of the Cincinnati and Dayton Railroad :. the City Of Day
ton, Ohio; thence by Troy fqus Sidney, Lima, PeIcs
bmeh Maumee City and Toledo TO the Michigan State hne
In the direction Of Detroit, lao miles long
The provides that the Company shall only issue
and the Trustee certify under it. $4,000 Of bonds until
after the Road 10 finished and In operation 10 Sidney, 81
miles $4,000 after the finished and In ope-
ration 10 Lius IS miles and the Road completed
rris &c.
Is the first and only sn thereon and the only debt OF the
THAI part Of the line yiDs between Dayton and Sidney
nearly sded and odzed, the rails have been purchased
and now IN the course OF .rva-w be completed and liz
operation b. the inst Of June next
An ngement has been made with Tho Cincinnati and
DAYTON Road 10 run Il for the present.
The entire line from Dayton the Michgan State bne
equipped for year estimated TO cost That
part lying between Dayton and Sidney toj0,000.
Ia the purpose Of the Company complete the line
Sidney first the residue from point TO point
the ans OF the Company will permit
To complete the Road to Sidney tbs Company has Al
available sock subscription Of about 500 90 which has
been mostly collected and expended on tho line. To
the rem einre means this loan II resorted TO-
Active IN progress by the Company 70 rsse
the necessary stock Subscriptions 70 complete the sors
line considerable already been subscribed The
entre hne IL Is expected will be placed under for
GRADUATION and masonry early next year, and completed
within tire year following
The Mortgage gives a power 10 the Trustee 20 take Dos
session Of The Road its personal ELECTS franchises depot
sIoulds, &e ana 70 sell the the highest bidder
defsalt
The country through which the Road passes. with il.
connecting IRA " Cincinnati s not only 1nsur sssed bat
uDrvsled BY any other OF equal extent the Union in
fertility soil cap ability Of sustaining dense population
and 10 AL the elements Of wealth and prosperity.
There Of the Auditor OF the State Of Ohio FOR l25l
shows that sbSut oneourh Of the entire taxable property
Of that State found IN the twelve lI0azh
which tbs Line pass.s from Toledo 10 Cincinnati.
The Southern portion Of the line through tse most
popuous and fertile portions Of the United 5tsses half
celtuTy ago = was uDbroken forest
AZ Sidney this line he Beetontsine and Indiana
Railway 81 Lima, the OHIO and Indiana, which will prove
valuable tributary, opening to II The immense trade Of
he region around Fort WsyIe and that snd north
Of
AtTcedo q connects with the Mchisnn Southern And
Lske Shore Roads The ine Will be extended % Dc
Toit At Dayton il Nth toe r,sd to Cincinnati
south and to lndiAnepofis wes, ard Columbus east
This hosd vii probably ts shareholders quite well
Is me Cincinnati and Dayton Road, whose stock
An examination Of, map Of thi. line will show ths. Il
equal 20 any other IN that State.
Ply wa oo irSri.sl igt Any sons ncf les
tnsn s1e Until saturday the 18th day Of this month az
O'Clock p
Proposals viii Be addressed 70 the Agents of The Gonna
ny hessrs WlHsLOW, LASIER co, No. 50 WaiLst
incorsed Proposals for Dayton sad Michigan Railroad
BcndsD
Twenty-Five PER cent Of The puTch1s money viii Be re.
CURED to Dc pad on accepting the bids the remainder ia
eeaa rcnth nstanents Of Is per cent Any purchaser
s1I ee Liberty to pay IN full at Interest 90 he
bonds Will run rom the day Of payment
The above s0o 600 will be ID ab-out.v and vz;tho,
rserve 20 the highest bidder
printed exhibit with map and al necessary infornr
uon relation 10 these see1res be had by calling Al
Yort- mo M TFJEOen - Ns~'
Eew-Yorh Sept 6 1854 A'''''eN@