New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-13
finantial.
Proposals for Loan.


$25O.OOO As RE IsDlsEs SarAaoa1
SEVEN PER CENT, FIRST MORTGAGE, CON-
vERrIBLE BoNDS.-The Belleonains sad Indiana
Railroad Company offer for sale s25oooo Of tAsx SEVEN
PER CENT MORTGAGE BONDS with interest Cos
poss annexed.
They are Of 81 900 each, payable is July 1869.
with ntsrst cent semi annually On the ist day OF
July and January, at the Bank of Commerce. in the City
ofNsw-York. where the principal also payable, and are
secured By mortgage to JOHN A. Stevens. Ess Of New
York trust for the Bondhotsr They are convertible
into the stock Of the Company At the option ofthc holders
They issued under acts Of the Legislature of Ohio au
hesipg them and the mortgage above to secure the
payment thereof The Of Bonds to be thus Issued
under the Mortgage limited to $500 O Of which $ooooo
have been disposed Of Only s25oOeo offered fo'
SALE The residue will be disposed OF as the wants Of the
COMPANY hereafter from time to time MAJ make nsoss-
sary.
The nortssxs covers the whole Road Of the Company
ll8 miles long, and il the first and only Lien thereon TINS
embraces the entire line sm It's connection with the ONO
and Pennsy Railway at ~ near GaisA, where the
Cleveland and Columbus Railroad crosses the same,
through Marion Bslefontsins Sidney and other import
ant towns to Union the line dividing the States Of OHIO
and Indians where connects with the Indianapolis and
Bellsfontains Railroad, nearly eomplstsd The en-
tire line Of lls miles 10 under contract for graduation
and masonry and about 81 miles Of are now nearly ready
for rails portion Of the rails are purchased and
in the eour,e Of arrival 1t expected that the rst SEQ
ton Of the road will be completed and in operation By the
LIST day Of July next and the remainder Of the line By the
frst day of January neIt.
The means for the construction and equipment OF inc
Road are provided by Stock and Bonds Thssnm oil $Soo
go subscribed the CAPITAL Stock Of the Company ana
yer $500 been already paid in and expended On
he line purchase VI materials, &c. The residue
being regularly paid the call Of the Company To raise
the remaining MEANS the Company has resor'ed to this
loan.
Ths mortgage empowers the Trustee In Of failure
pay either interest principal to take possession Of the
Road with its eqspments and TO receive its earnings 81
to sell the same due notice. and apply the proceeds in
payment.
An inspection of tho map will show this Road to occupy
an important position continuation Of the Ohio and
Pennsylvania Road through Ohio thence to Indianapolis
and St Louis, by way Of Terre Haa.s The Indianapolis
and Terrs Hsuts Road completed. and IA operation
The and Belle Road completed and
In operation from Indianapolis to point near the Ohio
State line and will bs entirely completed BY October nsxs
A Company has been organized 70 mako the remaining
portion ofroad lying Tsrrs Hau.s and 3d. Louis
and the werk will soon be placed under contract
II will be seen that this is tue nearest most natural and
direct route from New York and TO St Louis
raversng perhaps he most fertile popuous and Improves
PORTIONS Of the States through which the line passes
From the nature Of the country. the construction Of
Railway II easy and cheap.
Tho estimated coat, with sufficient equipment tor one
year 10 81 $50.
The BONDS constitute the only debt of the
COMPANY That this road will prove one Of great useful
ness and profit admits of but little doubt IT. local business
alsps will yield handsome support But, connected a.
II IL East and West will be ofths greatest channels
ofhrough travel in the United States 1t must ewes be
the principal line Of travel from the Eastern asd Nornea
cities to st. Louis and the vast regions beyond This VIII
make the convertible clause Of great value at an early d
SEALED PROPOSALS Will be received for any amount
net ess than OOO until Tuesday the soh day OF March,
in,t,.t o'clock NJ Proposals will b addrssssa to
the Agents Of the Co, Msssrs WfNsLOW. LANIERS
co No % WzIl-st indorssd Proposals for Bsusfoa-
tame and Indiana Bonds"
TWENTY Ave per cent Of the purchase money viii b re-
aured to be paid On accepting the Bids the remainder IN
equal monthly ns.atmsns Of Is pr cent Any purchaser
viii DO 1t liberty pay full ss once, and Interest on the
Ropds will run from date Of payments.
The above $500 viii DO sold absolutely and without
reserve to tho highest bidder printed exhibit with
man and all the necessary Information IN relation to these
seeurtiss can be had by calling n the scs o. the sgsa
ofths Company. At No. - wslS New-Yofk, MareA 0,
A prsst Rallsf Ia n IL. Co.