New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-08
Gnantial.
Proposals for Loan
&250.OOW .I BE LII sFs MA ao.5

~ ~COsOOO AND INDIANA RAILROAD
SEVEN PER CENT, FIRST MORTGAGE. CON-
vRRrIBLE BONDs.-The Bellefontaine and Indians
Railroad Company offer for sale $a5oooo Of their SEVEN
PER CENT MORTGAGE BONDS. with interest Cou-
pops annexed.
They are IN sums of $1,000 each payable LIST July, 1866
with interest per oent semi annually on the Let day Of
July and January the Bank of Commerce. in the City
ofNewYork where the principal is also payable aud are
secured by mortgage to john A. Stevens ESQ., OF New
Ycrk IN trust for the Bondhocep They convertible
into the stock Of the Company the option holders
They are issued under acts Of the Legislature Of Ohio au
thoug them and the mortgage above to secure the
payment thereof The amount Of Bonds be thus issued
under the Mortgage limited to $500 oo Of which 500 ooo
have been disposed Of Only s25o0o offered for
SALE The residue will be disposed Of the wants Of the
Company hereafter from time to time may make 1t neces
saIy.
The mortgage covers the whole Road Of the Company
ll8 miles long, and is the first and only lien thereon This
embraces the entire line from its connection with the Ohio
and Pennsylvania Railway. at or near Gallon, where the
Cleveland and Columbus Railroad crosses the same,
through Marion Bellsfontaue Sidney, and other import
ant towns Union the line dividing the States of Ohio
and Indiana where it connects with the Indianapolis and
Bslefontaine Railroad, nearly completed. The en-
tire line Of Il8 miles under contract for graduation
and masonry and about 81 mes Of ii nearly ready
for the iron rails portion of the rails purchased and
in the course of arrival 1t expected that the first sec
LIST day of July next and the remainder of the line by the
first day of January next.
The means for the construction and equipment OF the
Road are provided by Stock asd Bonds The OF $780,
coo subscribed the Capital Stock Of the Company and
$500 900 has been already paid in and expended
the line and in the purchase of materials & The residue
is being regularly paid at the call of the Company To raise
the remaining means the Company has resorted to this
loan.
The mortgage empowers the Trustee In of failure
20 pay principal to take possession of the
Road with its equipments and to receive its earnings or
sell the same due notice and apply the proceeds in
payment
inspection the map will show this Road to occupy
important position. continuation Of the Ohio and
PENNSYLVANIA Road through Ohio thence to Indianapolis
and st. Louis by way Of Terre Hau.e. The Indianapolis
and Tee Haute Road completed. and ia operation.
The indianapolis and Bsleonaine Road 10 completed and
operation from indianapolis to point near the Ohio
State line and will be entirely completed by October next
Company has been organized to make the remaining
portion of road lying between Tee Hsu.e and st. Louis.
and the work will soon be placed under contract.
will be that this is the nearest most natural and
direct from New York and to st Louis
taversg perhaps he most fertile populous ana improved
portions Of the States through which the line passss
From the nature Of the country the construction Of
Railway easy and cheap.
The estimated coat with sufficient equipment tor one
year 10 81 648 $50.
The BONDS above named constitute the only debt oil the
Company. That this road will prove one of great useful
ness ant oft admits of but little doubt It local business
aope will yield handsome support. But, connected as
il is East and West will be of the greatest channels
of through travel in the United States 1t must ever be
the principal lire OF travel from the Eastern AID Northern
cities to St. Louis and The regions beSond. This VIII
make the convertible clause Of great value at an early day
SEALED PROPOSALS will be received for any amonn'
net less than 0 until Tuesday the Both day of March
instant at O'Clock NJ Proposals will be addressed to
the Agents of tho Co MesMs WINSLOW, LANiERS
CO. No 50 wall-st Endorsed Proposals for Bellefon
tame and InsiaI Bonds"
Twenty five per OF the purchase money will be re-
quired to be paid accepting the Bids the remainder in
equal monthly ailments of rs cent Auy purchaser
will 10 liberty to pay in full at once, and interest on the
Bonds will run from date Of payments
The above $40 coo will be sold absolutely and without
reserve to the highest bidder printed exhibit, with
map and all the necessary information in relation to these
securities be had by calling a! the office OF the agsn
fthe Company, at No. SO wanst New-York, March 6
1852 JAS II GOODMAN, Prest Belief. In X r Co.