New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-29
DES MONIES RIVER IMPROVE

n
- NEWT EIGHT PER CENT. STOCK .-The sub
scTh'r efeIs for sac sl.3sO,OO0 EIGHT PER CENT.
PhiFFHRED COUPON BONDS aaihorzsd - be ssnsd
b. tAe sis's oflo~a ~arited no DIES MONIES RIVER
ihFRoN EMENT CON sTRUCUON STOCK" The
PRINCIPAL md interest D-IsOe the bEnNinzhouse Of
Mesn DUNCAN. SHERMAN CO. n The Csty Of
N.~ "
The ncns laFar'e a. ne seaslrs ofths 7,ats Of
low -fr s7 -te fa-c n sloo 0lo ech 7sar 7n-i she
Whole D. ard ne srsss the Fst days Of Nav
srd November OF each year.
The 8ooi' lI ~ SAFE md favorable ia7-snsnt foI
ear.tas ald aye issued - pursuance o. Al ic' Of tas
leesls.a1e 81 az State Of Iowa Tor tbs If III
p-cvrg he nlviEau 20. SC Z the Des MONIES RIVER ras
ecuy 81 aese Bonds based lpoa lali Apr pTa ed ~
AZ ao' Of Congress approved August 1916 - ~ - he
then Territory Of Iowa, fsr The purpose Of aiding sad
Territory 70 improve the navigation Of iAs Des MONIES
River from rs mozh 70 the Raccusn Cork $50 called IN
sad Territory equal mosty in alternate sections ofthe
pubic aIds Tensning uIsold stnp i've nes N With
On each SIDE Of said rver"
The proceeds If these ars rrevocanlT pledged FOR
the faithful fu6ln NJ OF those Obligations Of TIE Stare.
and foths redemption of the prime pal ard interest," IF the
Bonds above described
These Certificates OF Bp,ds the holders thsrsof
TO The net proceeds Of Of all lands here,sfors
thai may hereafter he granted By Congress for the and
benefit Of sad improvements and also TO the net prof Of
waier'ents and tolls SAID improvement fad proceeds
and profits to be faithfully applied 70 the payment ofRta.
est on and redemption Of such certificates u
hereinDefore provided"
The imo LANDS thus tecured TO the State applicable
to the object hovemsn,ionsd and still remaining unsod
exceed million OF which is no; to be sold for the
first five years ae il is offered in yearly parcels OF 80 900
acres, f less than 50 per all then remaining ansold
of each parcel vs than 50 % s5IzDUO
has already been expended upon the works OF the improve
progress of construction and paid fr by lald
sales
The subscriber invites the attention y capitalists to the
aboveJescribcd securities, believing hem % be excel
lent and safe Investment The tate OF has appointed
trss;eei whose duty super.nend the works Of
provem,nt and make faithful appropriations and eHpendi-
iBe # all that may arise from the sales Of he
lands sinisd b. Congress The honor Of the state IS
pledged r the proper approp aton Of he same 70 The
payment # n principal and interest thereon oa Of said
trrst Jurd.
The act Of rLress granting these lands is sufficiently
stringent prevent any msaporopratln Of the moneys
arising out cf he sales VII be By examination
Of esecsnd gee ion If he act, as follows:
SECTIONS And be It 6lrihsr engctsd That tas land
hereby granted shall be Conveyed posed Of said
Tentory nor By any State be formed out OF lac
s1csrt as aid Improvements shall progress tnat is the
sad Tentry State may sell mnoh Of SAID lands a'
shall pTcdute the Of oo and then the sales shall
cease until the Governor OF sad Territory state shall
cau The fact 30 he President OF the United States, that
onehalf f said 81 has been expended said improve
ment when the fsId Territory OF STATE may sell snd
yey quantity ofhe residue Of sad lands sufficient to
place the expended aHd thus the sales sba pro-
ersss proceeds thereof shall be expended and the
fact If such expenditure shall be certified Aforesaid"
The Bonds issued payable 70 the bearer, And are Il
sums OF $780, with Coupons attached.
They axe oEered in amounts to suit purchasers.
(Signed) SIMEON DRAPER
Eew-York January y. 1854 jl5ruThSS