New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-02
WILMINGTON and MANCHESTER

u
w RAILROAD-ssoo.c 900 seven per cent. MORT
GAGE BONDS Sealed proposals. VII be rscs'yei By the
subscribers until THU ksDAY tie ieth day OF July ner
fr three hundred thousand dollars Of the frs. and only
Nortgaer Bonds Of the Wilmington and Manchester knl-
rad COMPANY. bearing interest =, the nee II seven pr
cent per ncpal and Interest rejeenabl- IN tho
CITY Of New-fork the principal on the 1T June, 1850
b. a. tie Merchants Bank. NewYork the i, DeceH
Der ard st june IN each convertible INTO the capital
They issued under acts Of The LEGISLATURES 70! North
and South Carolina. secured hy N,tgags Deed 4
Trust. TO Edward sandipra Esq Of Ncwfork. IN trut
for the holders pi the Bonds
The Deed Of Trust covers the entire Inc II the R,sd
completed and 10 he completed from Wilmington. n 4 ,
a. Manchester, IN c. distance # l6' mics, costing
when completed with heavy rail and equipped go DC
structi,u 4 a railway accounts for tils low ~.
The Trustee empowered. u "a DAYS defaai'
pa men Of opal interest. % take OF ts
entire line of Road. with Us equipments stations, income
franchise &c the 10 sell n his discretion 10 the
.erest
The whole amount 4 honds authorized be .ssu-d b,
vote Of the okhoders meeting called ff that purpose
in Apr last, and order of the Railroad Board SD9 60
t. RAISE means a. The residue " the non rails and equip
ments. only $4,000 Of which offered for sale
The Company Will owe Do other debt when the rad Is
This road Will prove an important Ink in the great cham
Of railroads from Boston, NewYork and P-te pha "a
New ORLEANS connecting N Wilmington sls tie Raleigh
and Wilmington Railway. successful operation. Il
Manchester with the great South Carolina Railroad leading
from Charleston the direction # Mongpmery, Alabama
the receipt Of million Of dollars annually from
It's business vii ayod the present dsagrerabe VOYAGE
from Wilmington 10 Charleston. shorten the travel 70 New
n. Sovth IN M, 70 and direct cognn,,t,,n ,6
.he Norb - NV 4''' ''''' WIN
The position II this Road its connections North and South
It's easv grades fnone oyer rtg feet T. lie nr freedom
from curves and cheap Is such A. 20 put i be-
yOnd the competition Of ANY other Of ROAD The IN
Werse inland travel between the North and NcOreaus
The greater par Of tins Road ayerses the mos, opuous
and fertile portions ~ south Carolina. producing colt
corn sc IN great abundance local business alone va
suuuort It Handsomely.
Inc census Of 1850 SHOWS tina. the district 4 country
when vii be- tributary 20 tins Road, ami dependent on
for alton % market pouc ed l8g seventy thou-
an bIes II cotton Of AN a,erage ,eigt eacn II 40 =.
The Company has one million available sjocA subscribe
e. mos: which has been paid IN and applied 70 consruc-
b., N Inch can Le aided ~ nv I'm. ~ The opt,n Of me
On rauv s20O 600 subscbed W tho State II North
Ina on certain conditions
Its estimated that the net annual profits WI. reach q
per cent per annum
About rne-half II the line has been graded and
brdged the cross-'es being the 81 delivery AID
viii b. rerdv f,r ,l.e iror rsi.s irneiia'rir
and IN forward State toward cosapie,on
81 thousand two nd Ied 'ln' irn rus pattern ha'e
been purchased ant A." 800 iu' COURSE ni IL .i'fr
About $780, 900 has already -e -ri.i 'insrlc .Hn,
ucludI- payment f.r -i.e r..s ..rD. I.'l
It.sexufc;td iAai asllf .l ae. 10 N4uehr.'er Et.t
VII 10 completed aaI DO operation fhs ID Di fe4I,
AT; - 'le ~ .. 81, r-f 1900. ID. ana
49, 80 me-. ,,.-, r...-. .,I.rf...
- f,-.l.r ,of r..e .r ~rIffYn rro refer .
prnts L'vbi',- rIre f iefs. the kllf lul
far. ~ "a I'll clutsss Ai.. q f.. H.fh many
nocons copies ofthe BOND sni N.rfrsr opinion Il Conn
sci. 81, pared f Gen "A. N1lIrs. PRESIDENT ~ me
Comiiny which mag -c obtained cog npciiHl ~ ie ~
hce cd the Com uy 20 lmns'n .Dr - tlt llurf-
sired
We deem the security tesllthie one. Ihe safes OF
North and South Carolina, and tAe FaT1ls clfpofaiHls
chartered within iher limits whch have been borTow,gs II
money uniformly ard under The most adverse crcla-