New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-12
&l0OOOO MORTGAGE syre e E. Ten Ten

GREAT WESTERN RAILROAD COMPANY tof Nh
nois -seaed proposals vin be received az the uason
BENZ in the City Of New York until y O'Clock NJ of Tues
day the 18Th day Of March INST, for the purchase Of
million doar Of bonds issued By the IIhsos Great West
en Railroad Company, By virtue Of s charter from the
These bonds bear date si Of Apr 1855, and VII run 10
yesr., beins payable IN las
They have coupons ttached bearing nterzs OF
10 per cent per snnsn payable annually, n the Cry
OF NeyYork.
They sre secured by mortgage On the winnie los miles OF
created BY the proceeds OF the honda IN sf 20 the Farm
ers Losn ard Trust Company of The City OF NewYork
Persons bidding for hese bonds WI please address their
offers irdorsed Proposals for Great Wessen RulrUsd
Bonds" to Commissioners, at the Union Bank CITY Of New
York.
The bids viii be opened O'Clock on the I5h day
Of hsrch, By Jonathan sturgs, ESQ., ard DENIM Esq
President Of the Union Bank who have been appointed
comnIisEloIers 70 make the awards
Successful bidders VIII be required 70 pay ten per cent Of
the amount awarded TO theIa receiving notification Of
the secep lance other bGA and the balance from
the Company may direct with the privilege Of
making the bonds full al once, fthey desire
1t understood that bid bids Will be entertained
der and that the night reserved TO accept such bid
bids SHALL IN the Aggregate. be ssndsed 81
tageous the Company Also that tie bids Of the stock
holders IN the Company viii have preference others
The Illinois Great Western Railroad was opened from
spnnged the State Capital 70 the Illinois RiveF. fty
ton IL was originally the Northern Cross Ralro Nd
and was considered the most important Ink IN the great
system Of internal improvement undertaken Z years
By the State Il was the only one Of az put in operation
10 was 10 run from QuIucy on the Mississippi due east
tbs head Of the Illinois River through jacksonville.
OF the important cities through Springfield the
State Capital inienecng the Great Central Railroad a;
Decatur and proceeding IN the direction Of L. Fayette In
diana On this line the state slent 81 coo0 and the
ton from Springfield 70 TIE IlnoE River fifty i've mules,
put operation IN 1870 IL there with
boats for ST. Louis and the best between the
cities The influence Of this road has been to attrsc
that fertile region tie setteTs aud build large local
business.
In 1915 company va. Organized, with a capital Of
coo eco winch purchased Of the State the road from the
Illinois with all It's work, finished and unfinished and all
is rights and property "a the Indiana State hne 10 miles
The Company called the Ssngsmon and Morgan Rail
name to the Great Wesern more appropriate 70 the
position which The work has assumed relative the great
routes East and West
To reny the portion Of the road in operation with rail
complete the Meedosa branch. and TO extend the road
through the Sangsmon Naleythe gacen Of the Sate-to
and 10 connect with the great line Of Dads coming from the
East through the capitals Of the Western States and taking
the lateral connection Il proceeds II became
issue 81 COO 600 Of the bonds OF the Company In order
10 the to complete tie works By September
next under the management OF the Chief Engineer, j.
Carter. Esq IT decided 20 put the rate Of interest
10 per cent giving the bids Of the Stockholders prefer
ence.
This most important link in the direct route between
New-Yok and the Mississippi and thence TO the Pacific
will thus, BY svaing Of the former expenditure Of the
State, be put complete operation a. cost Including
the charter and ght Of way 10 miles from Decatur the
present terminus Of the road TO the State line upon which
large expenditure made by the STATED Of less than
$500 per mile to the present stockholders.
The extension of the road being vigorously prosecuted
The work all under contract and considerable portion
Of the has been purchased and has already arrived
NewOTeans and the ties being delivered the line.
kETcHUM. RoGERs 4 BENENr,
No. - NiiaIn-st-, New-Iork