New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-09-24

"""o IN impor tAnt point and VIII largely incroAss
the rsfne Of the road
The damage to the steamer Northern
Indians, reported BY the telegraph yesterday. vas
much exaggerated She Will be repaired Of moderate
expense, and take Der plsc, 10 the ane assin IN ~
days Meanwhile the Em ,he, Inc s,.sm.r ia,, Dur.
chased BY the Company, win make the Northern In
dians's ,rpa
Msssrs. Winslow, Lanier 4 Co. will
open on Saturday 25h inst the bids for One Hundred
thousand Dollars Of the bonds fthe Dayton and Mich
ssn Railroad Company. This 10 considered ous Of he
best class Of Western loans and indeed the sb wsasnsl
house have never undertakes TO negotiate any lon
which, BY personal observation, they have not sassasl
themselves was of "a undoubted character for security
The Dayton and Michigan Road will connect Dayton.
Ohio, with the Michigan State ine dstancs OF l$o
miles. The entire Inc from Dayton to the Michigan
State Bpe. equipped for one year, 10 estimated 10 osss
81 50oo00. That part yiDs between Dayton and sid
ney $3.50 900. II 10 the purpose Of the Company 10
complete The line to sidney rst the residue fou pous
10 point continuously, the means OF tho Company
will permit, To complete the road to sidney the Coo'
psuy has available stock subscription OF about eto
Geo. which has been mostly collected and expended %
the line To rsse the remaining this loan is
sotedt TO- At Sidney the line the Belenins and
Indiana Railway at Liua, the Ohio and ladiaua which
will prove valuable tributary, opening 10 1.-THE mmeoss
trade Of the region around Fort Wayne, aud hW west
and north Of t. At Toledo connects with The Mich
gan Southern and Lake Shore Roads. Az Dayton Il
connects with the road TO Cincinnati south, and n-
dian polls west and Columbus east One road passes
through some of the richest Counties in OHIO. rns,
part Of the line yipg between Dayton and Sdaey u
nearly graded end bridged-ths rails have been pur.
L.
ple,sd and 10 operation BY the fret Of June next An
arrangement has been made WIKI the Cincinnati aud
Day ton Road to ID for the present. When CON-
peted to Toledo, 10 wl form the most direct rouss to
Cipcinp natl for the North wes and must have large
traffic from that quarter The Bonds bear y oeat
interest secured BY mortgage to JOseph vsruuu,
Of NewYork and convertible into the stock Of the
Company at the option Of the holder.
The Cincinnati Gazette of the 10th
In speaking OF the Dayton and Michigan Railroad pre-
possls for loan, says:
ave have read the advertisement and the sxposs Of
the affairs u the Company. which has been published
In pamphlet We are acquainted sisn ,hs eoaatry
through which this line Of rosd located and its
paciy furDi,h freight and psssepgers for rs gay,
local and through, and do not nesists 20 say NOS
only tnst the PROPOSED loan mu. s events, bs s.ts
bur- oreover, that tho road Will be sach ss % mske
the soek q psyios stock at all hazards Wa arc ia-
entered Into an agreement ~tth tns Cncanstt anil
ton snd Da, ton Company TO run the two roads In con
merton for twenty yesrs that tns later Comgsay
have taken stock a considerable amount Ia Day.
ton auo Michigan Read and tJas the york from Toy,
NORTH ~ill bs pushed forward With snargs L, L'ms.
This wll open the Lac the trade OF Fora Wayne,
and the whole OF Northwestern laoiaoa, which ssesss
Hsrbet either In this city or the Eat The nafs 70
very large and very profitable useless Ia this
eoupry where the Ian north vest Of hare, cut by
the Da, ton and Michigan Road, s 80 well kuo~ "a 10
tba Al taua Qf IN cito m
the country and to The stockholders"
Messrs. Delaoo, Dunlevy Il Co., will
open at O'Clock to morrow (Frday) the bis for the
Sprip gdeld, Mount Vernon and Pittsburgh Rsirsad
loan of $4,000 These Bonds bear " cent, 10
terest and secured by mortgage to George s. Coo,
Of Newfork, aud convertible in,o tho stock of the
Road. This Road 10 Ia ess. an extension Of III Ohio
and Pennsylvania Road from near Londonville 70
Springfield, IL niles Connecting al SPRING with
the road by way of Dayton to Cincinnati or the road
by way Of Xena to Cinei0ns.i; both of which roais
are now In uss AT D,lavsre come cling with and
crossing the Cleveland, Columbus and Cincinnati Rail
road. AZ Mount Vernon crossiDg the Columbus and
EIie Railroad now In uso from 5sndusky City 10 Ns1
ark. For the purpose of construction 10 oonsi &c Of
two divisions. First from sprDg aeld TO Delaware ~
miles called Western second, from Della to tho
Ohio and Pennsyysnia Road, 81 miles, called tho
Eastern Division
The total amount OF available stock now subscribed
10 s955,0l0 OF this there IL applicable tho Western
D!ys,n, $4,000. This Division Il all under contract
for all the labor Including rscbsyng and for oil me
teras iron excepted at s2 1000 per mile Tho grading
aud bridging 10 nearly completed, aud will Do on
tireIy finished by the first Of March next and this part
Of The road will be brought into by the fret OF
June next.
The Company has mortgagsd the Western Division
embracing all the property and fixtures from Spring
field 10 Delaware, for the Of $500 0O0 This 10
fret snd only mortgage, and By s tbs company viii be
Ate 10 Gnish and to furnish this Division Of Road
This Road passes through the central part OF Ohio
densely peoped, and productive any other part OF
Ohio and 1t forms important link In one Of the
through lines from New York TO Cincinnati, By way Of
Philadelphia and Pia.burgh The entire cost Of this
Misunderstanding two costly bridges, ssch oosing
about slOO OoO-wil be about se7o COO; and the C,m
parry have afurther subscription Of ward Of s00o0
apple able 10 the Esern Dysion of the Road, extend
ips 10 the Ohio and Pennsy yans Dad near Loldon-
VILE q distance OF 81 miles Among other su1ssdp-
lions recently receIyed by the Company are el0o,oO
from the Pern.yyania Central Rsilrosd Company and
$4,000 from The Ohio and Pennsylvsnis silrosd
COMPANY The Mad River and Lake Erie Company
lie Cincinnati Hamilton aud Dayton Company, the La
,s Miami Railroad Company. and the Cleveland, Co
urobus and Cincinnati Company, have all made propo
.,oos for connections vito the Road
The Philadelphia Ledger says: Tho
BOARD Of Trade Of this city recommend Subscription
10 secure the construction Of ths Sphnhed, Mount
Vernon, and Pltsburga Railroad, Of whca fory~sht
miles, from Springfield to Delaware, Ohio under
contract. $4,000 Il asked from Philadelphia, Of
vh.eh s35 600 have been subscribed"
Mr.. VIM. l.. Kirby has been appointed
Casbier Of the Chatham Bank dc 70 nov paying Tsisr
ofths Trademarks Bank
The Cotton movements for last week are
as follows:
1852. 1881.
Bales. Bales.
Receipts at oil rorts since lst Sept. 1881 12soi
Bseeipts at New On cans. $50. ...... 1868 BWI