New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-18
GALE of $50 THOUSAND DOLLARS

GALE of $50 THOUSAND DOLLARS
~ SENENP PER CENT MORTGAGE and CONvIkr
IBLE BONDS Of the EVANSVILLE aud lLLiNon
RAILROAD COMPANY THE EVANSVILLE snd ID
LIMOS RAILROAD, commencing at the city Of ssn.
ylle Indiana the Ohio River extends up ths WlAs
Valley and will connect less directly with al u
RsTOees conversns at indianapolis the Capital Of u
lei. an important link the central line Of Railroads coo
Meeting the Nothen Lakes with tbs Southern seaboad Tia
whole OF this chain OF rosss Is either aready IN operaea
approaching completion excepting the Henderson and Nab
vile r r., 10 which sufficient amount OF stock IA bees
subscribed 10 insu lis early construction
The main trunk OF the T. and n. r. reaches nom Evaat
vile to Terre Haute, distance Of l07 miles and ~
Company 10 authorized also 10 construct DIVERGENT De hoe
any part Of the main trunk direct 20 indianapolis isH
tenoec al 20 complete the De 10 Teue Haate Sheeh
will ntersect the Teue Hsute and IndiaDapo and The fus
Hsnte and St. Louis Roads.
The present ssue OF Bonds provides for the eompua
ard equipment Of the first section OF he road exlssds
nom Evansyle 70 Nncennes distance OF 81 miles Shss
Joins the OHIO and Mississippi RAiro I'd The Eassssf,
estimate Of the Of this section ready tor the aoI
exceeoe $1,000 per mile i
More than half the dstance, Zl miles, 10 ansssd nt
in successful operation It's earnings being more tbaa enah
pay the interest the Bonds offered The esdas
Is already under contract OF being let II nes exeafsf
White River will BE- completed IN time 70 secure the ss
fall business and the remainder during the eDsuiaf "mei
and spring The Iron for the whole 81 miles has been par
chased and q considerable portion IL going torwad-
The contracts have all been made below the estimates
The means AZ the disposal Of tbs Company apph tos
the construction and equipment Of this section OF inc %
follows
Stock Subscriptions.
Earnings to let April from transportation and other .. -
sources .toees
Present issue Of Bonds wv
Total s1L"
Evansville the depot Of the southern trade u the We
bash Valley and Of Green River Kentucky. nnts nos
rapidly growing city In Indiana and now con alas ~
hsbtants The population has doubled and .hs n
property tTebled, IN SIX years The arrivals and deRs,u
Of boats its whaIfin 1851 $50 The "sa1o
the fertile OF ali the Western vslies and 2odaes
Com and Hog than the same area 70 any ssu.
Of the country IL also marked out b. nsture ssD"
route TO travel
The position Of the e. 4 e. r. guards it aEsast e0ap
titou for the through travel Of vast region Of seatg
and AGENT 10 the lower Ohio, while lts local bSSs
must be sufficient b well support the road. Was "a
pleted 20 sneeEnes, VIII owe cut oH railreAd 'sn
Of @ miles asAinst tue present nyer route Of 80 Mia go
from Evansville 20 Cincinnati Of al miles. tbs 20
cent river route Of so mes la either the ds,s
viii be performed In less than oHethird the ae Do 70
The Bonds ere Tor 81 600 each redeen.b Ibis lt JsuH5
1902 principal and interest payable AZ the PbsnK Bsaa
York the Coupons fox the lztter IL ia luaff -
lat July They convertible into stock up sob 40
1857 and secured BY first and only mortgage os
whole n ad nom kvaDsy1lls 70 Nincenaes is machiS
franchises ana sppurtsnances The nortssss sso oo.'
the real purchased BY the Company for depoas -
which cost $1,000, and 10 now worth more. -
The Trustees for the bondhOldeEs Evan e. bsoSS'
John A. Sanford, a the city Of SeW-fOk.
Sealed proposals. for the whole any part " tneas Do
endorsed Proposals. for Evansville snd ilia9is 4 =
Bo5ess WI ee received at ths oilee Of Saoihs ss
the 10Th day OF June inst, whsn they vii Be sos'@'
disposed Of to The highest bidder.
Payment VIII be required follows: y per esnL = y
tice Of acceptance Of bid ~ per cent. 90 l9b JAY -
snee On "a August the whole Be paid Al ssJ 90
period II desired b. tbs purchaser The interest 70 ~
the pu<ohsssr from me date Of payment <.,s
Printed EXHIBITS Of the road. Nc, with ulap s y
he sboyenanaed Office. JOHN ISGLE, yss7 :.
Secretary and Financial Agent T.. 4 J. 9 49,