New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-06
Ginanrial.
Proposals for Iosn.
$25O.OOO .I BE IsbIsFt SilAaoa6

" ~OOsOOO AND INDIANA hAlLhOAD
SEVEN PER CENT, FIRST MORrGA AGE, CON
vERTIBLE BONDs.-The Bellefont aine and Indiana
Railroad Company offer for sale s23ooOo of their SEVEN
PER CENT MORTGAGE BONDS. with interest Cou-
Dor . annexed
They Of 81 900 each, payable ls July 1865
with nteressat per cent semi annually On the lst day Of
July and January, at the Bank of Commerce. in the City
ofNew-York where the principal also payable and are
secured BY mortgage John A. Stevens, Esq., Of Now
York trust for the Bondholeer They convertible
into stock of the Company at the option of the holders
They issued under acts Of the Legislature of Ohio
thorsrg them and the mortgage above to secure the
payment thereof The amount Of Bonds to be thus issued
under the Mortgage limited ssO0co of which 500 900
have been disposed Of Only s2'0OO0 offered for
SALE The residue will be disposed Of the wants Of the
COMPANY hereafter from time time, may make it
sary.
The mortgage the whole Road of the Company,
Ils miles long, and 10 the first and only lien thereon This
embraces the entire line from lis connection with the Ohio
and Pennsylvana Railway. at Gaioh where the
Cleveland and Columbus Railroad crosses the same,
through Marion Beefontaine. Sidney and other import
towns Union the line dividing the States of Ohio
and Indiana whore 1t connects with the Indianapolis and
Bellefontaine Railroad, nearly completed The en-
tire line Of 8 miles is under contract for graduation
ard masonry and about 81 miles Of nearly ready
for the iron rails portion of the rails purchased and
in the course of arrival It is expected that the first
road will be completed and in operation by the
LIST day July and the remainder Of the line BY the
first day Of January next.
The means for the construction and equipment of the
Road provided BY Stock and Bonds The Of $780,
oO subscribed the Capital Stock of the Company and
over $500 has been already paid and expended
the line In the purchase Of materials &C. The residue
being regularly paid at the call of the Company To raise
the remaining means the Company has resortsd to this
loan.
The mortgage empowers the Trustee is of failure
tall 0f tha
Road with its equipments and to receive its earnings,
to sell the same due notice and apply the proceeds 10
payment.
An inspection Of the map will show this Road occupy
important position II is continuation Of the Ohio and
PENNSYLVANIA Road through Ohio thence to Indianapolis
aud St Louis by way Of Tene Haute The indianapolis
and Terre Haute Road completed and ia operation
The indianapolis and Bslefontane Road completed aud
in operation from Indianapolis II point the Ohio
line and viii be entirely completed by October next
Company has been organized to make the remaining
portion ofroad lying between Terre Haute and st. Louis
and tho work will soon he placed undsr contract
Ii will be that this il the nearest most na'ur ana
direct route from New York and Philadelphia TO 81 Lou
perhaps the most fertile populou and improved
portions of which the line passes
From the nature Of the county, the conssructon OF
Railway Is easy and cheap.
The estimated cost, with sufficient equipment Tor one
year 10 81 CAS- csc.
Tn, BONps constitute the only debt of the
ness and profit admits of but little doubt it, local busasss
alone will yield it handsome support But, connected as
East and West will be Of the greatest cnanneis
Of travel the United States 1t must ever Do
the principal lire Of travel from the Eastern AID Norshern
cities 10 st. Louis and the vast regions beyond rais wi"
make the convertible clause Of great value at an early
SEALED PROPOSALS will be received for any amount
uet less than until Tuesday the 3Oth day Of March
instant at o'clock p NJ. Proposals will be addressed 10
the Agents of the Co, Messrs. wINsLow. LANiERS
Co No 50 wall.st ,indorsed Proposals for Bsuefon
tame and Indiana Bonds"
Twenty five per of the purchase money will be re-
CURED to paid accepting the Bids the remainder IN
equal monthly insamsnts Of Is per cent Any purchaser
will, he At liberty to pay in full once and interest on the
Bonds will run from date OF payments
The above S25oo0O will be sold absolutely and without
reserve to the highest bidder printed exhibit with
map and all the information in relation 70 'ne'e
securities can DO had by calling the Office Of the ageu
Of the Company at No. 50 Wall ST. New-York, March 6
1854 JAS II GOODMAN, Prsst. Belief T. Ia RI Co.