New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-28
FINANCIAL.
Seaboard and Roanoke Railroad.
$3.50, ZOO SEEN SETEN PER pHI1s CENT mt;


proposals Will received by subscribers until Sau
day the 3st day of May, instant for THREE HUNDRED
AND FIFTY THOUSAND DOLLARS Of the first and
only Mortgage Bonds Of the Seaboard X Roanoke Rail
road Company bearing cent per interest,
and redeemabe at the Merchants Bank the City of New
York on the LIST Of August 1860
These Bonds sums Of $1,000 EACH with Coupons
attached payable at the Merchants Bank the City Of
New-York, on the lst Of each February and August.
These Bonds issued under authority Of special acts
the Legislatures Of Virginia and North Carolina and
secured by mortgage executed John Palmer Esq,
Of the City Of NewYork IN trust for the BOndholders.
This mortgage the line Of the Road from
Norfolk, Virginia South Castor the Roanoke River
North Carolina distance Of 90 miles which wall have cost,
when completed rcud,ng the original outlay, 81 $780,
O0c-and the trustee empowered, Of sixty days de-
fault The payment Of interest principle Of the bonds 20
take possession Of aud sell the whole any part Of the
including the franchises, income and property Of the
Company every description, acquired
be acquired
The whole amount Of the Bonds Authorized be issued
four hundred thousand dollars Of which the amount
offered for sale has issued by the Company payment
principally for the heavy rails with which the Company
RELAXING their track.
This heavy rail for the whole distance, 30 miles,
now on hand-5O miles laid and operation-and the
company actively engaged laying the remainder
to complete the line Weldon, 80 miles in July Of the
present year South CASTOR miles by the close Of
the year
The Seaboard AID Roaoke Railroad forms part Of the
Great Southern Route from NewYork Philadelphia, and
Baltimore New Orleans connection with the line of
steamers running from Baltimore to Norfolk.
line Of Steamers running from Philadelphia 10
Norfolk.
Two lines of steamers being built to from
New-York Norfolk, running early in July
next One Of these lines be Of the first class of
senger steamers 100 burden and the other line Of
propollcrs
The connections of this road such to for
an ample amount of business 1t untes At Weldon with the
Railroad to Wilmington 100 miles in length which has
been re aid with heavy unites at South CASTOR
with the Railroad to Raleigh IS miles long, which Is also
about to be reaid with heavy rail
At South Castor 1t will receive the immense productions
Of the extensive and fertile valley sf the Roanoke which
are brought that point by the Roanoke Navigation Com
pany who have expended four hundred thousand dol
lars improving the navigation Of the Roanoke and Its
tributaries
The harbor Of Norfolk and Portsmouth is wen known to
be one Of the best the United States and Will thus be
connected by the Seaboad and Roanoke Railroad and ITS
connecting lines, with ample extent Of territory which
will insure TO the road an abundant business.
map exhibiting these connections showing also other
lines rapid course Of construction by winch con
tnuous line Of railway viii soon he extended from NoioK
to Mobile and New Orleans the South and 10 the Valley
OF the Mississippi Memphis the West may be obtain
cd of the undersigned
An Exhibit" giving full account Of the road and us
Affairs copies Of the bond and MORTGAGE and the legal
opinions Of Judge John Mason. Of Virginia &c accom-
parics the map and may he obtained upon application 70
John Palmer ESQ at the Merchants Bank OF TO MoSSrs
Wlnslow. Lanier X Co. by mail otherwise, who Will
furnish any further information which may he desired
It's confidently believed that the Bonds now offered Tor
sale afford one Of the safest and most desirable securities IN
the market.
THREE HrNpRED AND FIFTY THOUSAND DOLLARS are
offered for sale
The entire amount offered viii be disposed Of absolutely
and without reserve 10 the highest bidder.
Scaled proposals for any amount not less than lcS viii
be received =, Office OF MosSrs Wnsiow, Laner 90
until O'Clock on the thirty first day Of May 1851
Proposals to be addressed TO WINSTON, LANIER
co SMALLEST NV YORK, and endor ed q" Proposals
for s & Il X Bonds :"
Parties whose bids are accepted Will be required 10 pay
twenty per cent upon amount awarded 10 them lmhe-
atclv upon beng notified IL the acceptance OF Their DDS
and the remainder m equal noun, the FIRST days oil July
AUGUST September and October next; but any party WI"
r., a, ev 20 pay III full az once Interest VIII commence
from the day G.! payment.
nylstsl wINSLOw. LANiER CO, y wall-Si
oslI,t NEw-JfR>sy EXPLORING AND MlNISG Co,
AT A MEETING Of the Shareholders,
held tins ,sy AZ the COMPANY Office, Newark, New,
JERSEY, tie following gentlemen were UNANIMOUSLY eTo'eu
Samuel ] Jones New-NorA. Rchd Jones Newark. n J.
Ss,"',.l Tovier a c FsTHg1on.
JAMES l. Curtis w (. SiS,v'' H"'""''
Al subsequent meeting Of the Directors the following
w Cy TI president Saml Jones Treasurer
samuel Fowler Wee Prcst. George W SAVAGE, Secy
Alexander NJ. Cummings Assistant sec y ss
myee W. by order, e W SAVAGE Sec ~.
BROADWAY BANG. New York. MAJ g; ISL
NLECTlON.-The ANNUAL ELEC-
- -