New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-14
GALE of $50 THOUSAND DOLLARS

~ SEVEN PER CENT. MORTGAGE and CONVERT
RAILROAD CoMPANY.-THE EVANSVILLE and IL
LIMOS RAILROAD, commencing AZ the city Of Evans
vile, Indiana the Ohio River extends up IN Wabash
Valley, and will less directly wh al ths
State
Iii an important link in the central line Of Railroads
Meeting the Nothe Lakes with the Southern seaboad The
whole Of this chain Of roads either already in oper1en or
approaching completion excepting the Henderson snd Nash
vile r. r, which sufficient amount Of stock aa been
subscribed 70 insure rs early construction
The main trunk Of The T. and r. reaches from Evans
vile to Tere Hsute. distance OF l07 miles. and tbs
Company authorized also divergent line from
any part OF the main trunk direct 10 indianapolis Il Is In.
tended az complete the line 10 eue ate where
viii ntefsect the Tee auto and Indianapolis and the Tee
Hsnte and St Louis Roads.
The present issue Of Bonds provides for the completion
ard equipment Of the h section Of the road extending
from Evansville to yineenneA distance OF 81 mile where
it joins the Ohio and Mississippi Railroad The gineers
estimate Of the cost OF this section ready TOR the cas- 90 not
exceede $1,000 per mile.
in successful operation its earnings being more than enough
TO pay the interest the Bonds offered The resdde
already under contract being let IL miles extending 70
White River will be completed ia time the eay
fall business ard the remainder during the ensuing winter
and spring The Iron for the whole 81 miles has been pur
chased, and considerable portion now going torwsrd-
The contracts have all been made below the esmstes
The at the disposal Of the Company applicable %
the construction and equipment OF this section OF the rosn
60 s-hSs,;,.ions slt5 500
Eaninss to lat Apn hom transportation and oheI &c .oo
sources lO
Present issue Of Bonds. $1,000
Evansville the de DOT Of the Southern trade OF the Wa
bash Valley aud of Green River Kentucky Ii the most
rapidly growing city in Indiana and nov contains 1VV m
habitants Tie population has doubled, and tho taxable
property Tebed in years The arrivals and departures
Of steamboats, stits wharf in 1851, were 55 The Waoash
Is the fertile Of all the Western vsiss and produces
Corn and Hogs than the area IN other section
the country II also marked out BY nature a. great
The position Of the E. l. r. r. guards it against comPs-
ton for the through travel Of vast region OF country IN
and ad AGENT the lower Ohio, while its local business
must be suicien: 10 we'll support the road When COM
peted Nincennes il viii give cut oil railroad route
from the Ohio at Evansville the Mississippi at ST. LOUIS
Of G miles against the present veT route OF 80 miles ald
from Evansville Cincinnati Of al miles, against the pre-
sent rver of $50 miles In either the distance
will be performed In less than onehird the time now re-
The Bonds Gre for 900 each redeem ,be lst January
1862 principal and interest payable the PheniV Bsnk In
Eewiok the Coupons for the latter LIST Ja1uary and
LIST July They convertible into stock up % jth April
whole read from Evansville to incomes its MACHINERY
franchises and Appearances The mortgage also covers
the real estate purchased by the Company for eep0t &C.
which cost $4,000, and IL now worth more.
The Trustees for the boud1oders Evan r. Bebb aud
John + A. Sanford, OF the city OF New-fOIk.
Sealed proposals. for the whole part on these Bonds
endorsed Proposals for Evansville and Illinois X K
Bnndsr will be received az the Office Of CAMMANN,
WbTEHOUSE co, No 50 Wa l-st, until o'clock on
the 18th day OF June inst, when they will be absolutely
disposed Of TO the highest bidder.
PAYMENT will be required follows % per cent on no.
tce acceptance Of bid 80 per cent on 10th July ana bal
"a August the whole BE- paid AZ any earlier
period desired by the purchaser The interest 10 accrue TO
the purchaser from the date OF payment .
Printed Exhibits Of the rOsd &c, with map showing us
location and connections can obtained application at
the aboyenaued office. JOHN lN1iLE, yun,
Secretary and Financial Agent L. & |. r. X. Co.