New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-12
Proposals faT Loan
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SEVEN PER CENT. FIRST MORTGAGE, CON
YERrIBLE B0ADs.-Tas Bel slea alas aaG lltauE
Railroad Company Die for sails si5ot9 a taei; SEY&N
PER CENT MORTGAGE BONDS with interest Goa
rOrs sAnsred.
They IL Of 81 eco each, BsyAols ls Jsiy. 1896
with n;srss NJ per cent annually ne s' dsy u
July ard January, a, the Bank Of Commerce IN tae CIV
otsew York where the PFitcpa. also pavsoe aoi are
secured BY mortgage 70 john Stevens ESQ ~ View
NeiA IA trust for the BonGAo.Sss TleS c3avs-o'e
into tie stocs Of the COMPANY the o,sR ofths hsr
They are issred urdsr acts 81 the legislators = Ohio
thoiisIg then sno the mortgage above the
payment thereof The OF Boads 10 De l0us issued
under The Mortgage limited $500 coo OF wh ca S0l
have been disposed u Oay S2Joa aow offered .
sale The residue viii disposed the wants Of ths
Company, hereafter, from time time ms, rsc.s
sary
The mortgage covers the whole Road Of She Company
IFS miles long. ard is he first and ony lien The ras
embraces the entire line rsm connection with tbs Ohio
and Pennsylvania Railway. AZ or Gaas. where the
Cleveland and Columbus Railroad crosses the sane.
through Marion Belle foutane Sidney. and isport-
ant towns Unoa the line dividing The States Of Ohio
and Indiana vhere connects with the Indianapolis and
Beefontsre Railroad, nearly completed. This en-
tire line Of lis miles is under cOsract for graAls
and masonry and about 81 miles Of nearly read,
for the rails portion of the rails purchased sad
in the Of arrival IL is expected ths the first
the road will be completed and in operation BY she
LIST Of July next and the remainder of hs line by the
frs day of January next
The means for the construction and equipment Of the
Road provided by Stock and Bonds. The Of $780,
GO subscribed the Capal Stock Of ths Company and
$500 OOe has been already paid and expended
the line and in the purchase Of materials Sc The residue
being gssry paid the call Of the COMPANY Ia raise
the remaining the Company has Essorsed TO this
loan.
The mortgage empowers the Trustee il case Of failure
.k.n
Road with its equipments, and to receive its earnings,
sell the same due notice and sppy tae proceeds in
payment
An inspection ofth map will show this Road to Occap
an important position rs continuation OF the Ohio aud
Pennsylvania Road through Ohio, thence to Inianspch
and ST Louis, by way Of Ters Haue The indianapolis
asd Terre Hsus Road completed and IA ope alton
The Indianapolis and Bslsonains Road completed and
IL operation from Indianapolis - point the Ohio
State line and will be entirely completed by October next
Company hss been organized TO make the remaining.
portion of road ling Tse Hauts and ST. Louis
and the werk Will soon be placed under contract
II will be that this s the nearest most natural and
direct from New York and Philadelphia 10 81 Louis
rayersng perhaps he fertile populous and improved
portions OF the States through which the Inns passes
From the nature Of the country the construction of
Railway 10 easy and cheap.
The estimated cost WITH sufficient equipment tor one
year is 81 6isbSe
The BONDS above-namsd constitute the only debt the
Company That this road will prove of great aseiu-
ness and profit admits but tts doubt Il, local business
aae will yield II handsome support But connected as
il is East and West it will be Of the greatest channels
of through travel In the United States Il must be
the principal line Of travel from the Eastern AID Northern
cities to St Louis and the regoss beyond This VIII
make the convertible clause of great value at an early day
SEALED PROPOSALS viii be received foE any amount
net less than Geo. until Tuesday the 30th day of March
instant at O'Clock p. IL Proposals will be addressed to
the Agents of the Co, hessrs. WINSLOW, LANiERS
Co. No 50 wsll-s iadorsed Proposals for Bellefon-
tame and Indiana Bonds"
Twent, five per OF the purchase money will he re-
CURED TO be paid accepting the Bids the remainder in
equal monthly instruments of a5 per cent. Any purchaser
will be at liberty to pay In full al once and interest on the
Bonds will run from date Of payments
Tie above s2sOOOo will be sold absolutely aud without
reserve to the highest bidder printed exhibit, with
map all the information In relation to there
securities can DO had by calling tue sce Of the agen
ofthe Company, at No. 50 Wall ST. New-York, harch
1854 JAS H. GOODMAN. Press Belief. L. Rk Co.