Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1851-06-21
WILMINGTON and MANCHESTER RAILROAD.
S3OO.OOO seven per Cent. Mortgage Bonds.

|
CEALED PROPOSALS will be received by the subscri-
bers until Thursday the 10th day of July for three
Of the Wlmingt and Manchester Railroad Company bear
per cent and redeemabe in the
city Of New Yorkhe principal the LIST of June, 1866
The Bonds of 900 each, with Coupons pay
able the Merchants Bank in the city Of New York.
December and June in each year. convertible into the
They under acts North and
South Carolna secured mortgage deed of trust Ed
ward Sanford ESQ., of New York, trust for the holders Of
the bonds.
The the entire line OF the road
pleed and be completed from Wilmington in North Caro-
lima, Manchester in South Carolina distance of 16S
miles, costing when completed with heavy rail and equip
ped 81 00O The extraordinary adaptedness of the
The Trustee empowered of sixty days default in
payment of principal interest take possession of the
tire line OF road, with its equipments stations ncome fran
che &c., the to sell at his discretion to the highest
bidder for cash. pay of principal interest
The whole Of Bonds authorized be issued by
Of the stockholders meeting called for that purpose in
April last order Of the Railroad Board 100000
pay the residue Of the iron rails and equip
men,s, only $500 600 Of which offered for sale:
The Company will other debt when the road is
This road will prove an important link the great chain
Orleans, connecting Wilmington with the Raleigh and Will
Railway in successful operation at Manchester
ton in the direction of Montgomery Aabama the
cept Of million Of dollars annually from its business
win avoid the present disasreeable sea voyage from Will
days time facilitate the mails, and will bring the South in
more immediate and direct communication with the North
The position this road its connexions North South
from and cheap construction is such to put be-
the competition Of other line Of road for the immense
inland travel between the Northand New Orleans.
The greater part OF this road the popuous
and fertile portions South Carolina producing corn
sc. in great abundance Its local business alone will support
The Of 1850 shows that the district Of country which
will be tributary to this road and dependant for
poraon Market produced 849 seventy thousand bales
of cotton, OF an average weight each OF $50 lbs.
The company has million Of available stock subscribed
most Of which has paid applied to construction to
which can added any me the option Of the company
$500 oCo subscribed BY the State of North Carolina,
1t is estimated that the nett annual profits will reach
cent. per annum.
About oneha Of the entire line has graded and bridg
ed the crosses being the delivery will be
ready for the iron rails immediately.
The entire line is under contract for grading and bridging
and in forward state toward completion.
Six thousand hundred iron rails pattern
been purchased, and are in The course Of delivery.
About has already been expended construction,
including payment for the rails purchased.
It expected that about eighty miles from Manchester East
will be completed and in operation the fall of this year. and
the entire line to Wilmington early next year.
The management OF this road highly respectable and
hands No work in the South undertaken pro-
jected meets with more public favor than this.
For further and particular information we refer to
printed Exhibit giving full details OF the road and its a
fairs, which contains map Of the line with its many connex
ions, copies Is Ct the bond and opinion q -,
which be obtained application the oce OF the COM
pany at Wilmington N. Co. of the undersigned, by mail
otherwise, with any other information desired
We deem the security desirable The States OF North
and South Carolina and the corporations chartered
within their limits which have been OF money have
uniformly and under the adverse promptly
met their pecuniary engagements Public sentiment in those
States has always taken high ground in regard to punctu full
6lment Of public and private pecuniary obligations.
The $SOo0Oo will be disposed Of absolutely and without
reserve to the highest bidder.
Sealed proposals any amount not less than 900 will
be received at the office Of the undersigned until o'clock
on the 10th OF July proxmo
Proposals be addressed to WINSLOW, LANIER CO.,
SO Wall street. New York. and endorsed Proposals Tor W.
and Manchester Railroad Bonds"
Parties whose bids accepted will be required to pay
twenty per cent upon the awarded to them immed
atey upon being notified Of the acceptance of their bids and
the remainder equal amounts the first days Of Septem
ber October November and December but any party
will be liberty pay in full once IL desired interest
will commence from the day Of payment
WINSLOW, LANIER & co.
No. SO Wall street.
Pamphlets containing maps Of the Road may be seen at the
office OF CoRcoRAN q kIGos june 11-2awtdf