New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-09
Proposals for Liam
Proposals for Liam.
$25O.WA) b BE ;kLI.Fe Sl,1.aoaD


SEVEN PER CENT. FIRST MORTGAGE. CON-
vRRrIBLE BOSDs-The Bellefoatains and Indians
Railroad Company Ss f,r sals s25o of thsir SEVEN
PER CENT MORTGAGE BONDS. with interest Coa-
poss annexed.
They are in SUES Of 81 eco each psyah,s is July 1885,
with ntsesa per cent semi annually the LIST day Of
July and January the Bank Of Commerce. in the City
ofNew York where the srrcpa is also payable aud are
secured BY mortgage to iona A Stevens, Esq, Of New
Ycrk IN trust for the Bondholce They convertible
into the stock Of the Company At the oprn OF holders
They are issued under Of the Legislature Of Ohio, au
thosrg them and the mortgage above TO secure the
payment thereof The amount Of Bonds to be thus Issued
under The Mortgage limited $500 600 Of which sloo coz
have been disposed Of Only s2oOoo offered TO-
sale The residue will be Disposed Of as the wants OF tue
Company hereafter from time to time may make t nscss
saIy.
The nor.rass covers the whole Road Of the Company
ls niles long, and IL the first and only lien thereon Thn
embraces the entire line from lis connection with the ONO
and Pennry7 Railway. at or near Gaisa, whsre tho
Cleveland and Columbus Railroad crosses the same
through Marion Beefontaine. Sidney and other inpor
ant towns to Union the line dividing the States Of ONO
and Indiana where connects with the Indianapolis and
Belsfoptane Ia lroad, now nearly completed The en-
tire line Of l8 miles under contract for graduation
ard masonry, and about 81 miles Of Henow nearly ready
for the iron rails portion of the rails are purchased ana
in the course of arrival 1t expected tina. the rs' sec
ton Of the road completed and in operation By the
LIST Of July neI and the remainder OF the nne py h
first day OF January next
The means for the construction and equipment OF the
Road are provided By Stock and Bonds The sum Of $780,
900 subscribed the Capt. Stock Of the Company ana
$500 900 has been already paid in and expended on
the line and in the purchase Of materials, &C. The residue
being regularly paid the call of the Company To raise
the remaining means the Company has resorted to this
loan.
The mortgage empowers the Trustee in ease OF failure
10 pay either interest principal TO take possession OF the
Road with its equipment and TO receive its earnings, or
to sell the same due notice. and apply the proceeds In
payment.
An inspection cfthe map will show this Road to occupy
IN important position is continuation of the Ohio ana
PENNSYLVANIA Road through Ohio thence to Indianapolis
and St. Louis by way Of Terre Hau.e Tbs Indianapolis
Terre Hauts Road completed and Ia operation
The indianapolis and Road is completed and
in operation from Indianapolis to point near the Ohio
State line and will be entirely completed by October nett
Company has been organized TO make the remaining
portion of road lying between Tee Haute and St. Louis,
and the work will soon be placed under contract.
1t will be that this is the nearest most natural and
direct route from New York and to st Louis
taversng perhaps he most fertile populous and improved
portions the States through which the line passes
From the nature of the country. the construction Of
Railway Is easy and cheap.
The estimated cost, with sufficient equipment tor one
year is 81 $685.
The BONDS above-namsd constitute the only debt ofth'
Company Iha. this road will prove of great useful
ness and profit admits OF but little doubt TT local business
alene will yield handsome support But connected as
is East and West it will be Of the greatest channels
of through travel in the United States. 1t must be
the principal lie OF travel from the Eastern and Northern
cities St. Louis and the vast regions beyond This VIII
make the convertible clause Of great value at an early day
SEALED PROPOSALS will be received for any amour,
ne. less than $1,000 until Tuesday the Both day Of March
instant at o'clock p NJ Proposals will be addressed to
the Agents of the Co, Messrs. WINSL0W, LANIER&
Co. No. SO Wal.st Endorsed Proposals for Bsllefcn
tame and Indiana Bonds"
Twenty FIVE per cent Of the purchase money will be re.
Quired be paid accepting the Bids the remainder in
equal monthly nsalmens, of as per cent Amy purchaser
will beat liberty to pay ia full at once and interest on the
Bonds will run from date Of payments.
The above $3.50 900 will be sold absolutely and without
re,erve the hghes. bidder. printed exhibit, with
map and all the necessary nor nation in relation to there
securities can be had by calling at the office Of the agen
of the Company, at No. So Wall.st. NewYork, March
1859. JAS II. GOODMAN, Prest Belief s La. X. X Co.