New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-22
sesboard and Roanoke Railroad.
4QSnMM SEVEN PER CEN

ReWVJ,tNO MORTGAGE BONDs-seAIed
proposals will be received by The ,ubschbers Batu s4tr
day, Ties Isl day Of MAY instant, for TaREE HUNDRED
AND FIFTY PHOUsAED DOLLARS Of los 6rst and
OILY Mortgage Bonds Of he seabOsrd L RoaaoEe Rail-
road Company bearing seven per cert per snnum Interest
and redeemsbe the Merchants Bank Ia the City OF New
York, Cd the Is, OF August, 1889.
These Bonds IN Of g. 900 each with Coupons
attached, payable Al the Merchants Bank In The City Of
New-Yoik, Oh tbs lH Of each February and August
Ttete BOtds ssued under snlh1ry u special acts
Of the Legislatures CT Virginia and North Carolina and
are secured by mortgage executed 10 JOIN Palmer,
Eco of tho City Of HeH York In trus Tor the Bondhodes
This mortgage covers the entire line Of The Road from
Norfolk Virginia to South CASTOR The Roanoke river 10
HoTihConA sdstsnce OF 90 miles, which will have coat
when completed including ne original outlay 81 5O0
O0oard the trustee is empowered 10 OF sixty DAYS
default N TIE payment interest or principal OF the bonds
to tske possession Of and sell the whole any psr Of
the same, including the franchises income and property
OF the Company Of every description, now sequred or
heresiier TO be acquired.
The whole amount Of the Bond, authorized to be ksued
10 four hundred thousand dolars Of which the amount
offered for sale has been Issued by The Company Ia
payment principally for The heavy rails with which The
Company 10 now relsying their track
This heavy rail for the whole distance 90 miles, IL
hsnd-sO miles laid and Ia opersron-sod The
company actively engaged nlaying down the remainder
90 complete the line 10 Weldon, so miles, 10 July OF
The present year. and South Castor 90 miles sy The
close Of the year.
The seaboard L Roanoke Railroad forms psrt Of thu
Great Southern Route from New-York, Philadelphia and
Bs umore to New Orleans, 10 connection With the line
Steamers now running from Baltimore to Norfolk
nc Steamers is running from Philadelphia to
Norfolk
Two lines OF Steamers now being built 10 run from
New York TO Norfolk commence runnsg early 10 July
NJ he Ia 10 "a Of frat o
serger steamers LOO tuns burden and the other line OF
propelers
The connections OF this Road such to for 1t
ample smount OF business IL uptes al Weldon with the
Railroad to Wilmington $50 miles IN length, which has
Just been re-Aio with heavy rail- It unes at South
Gss,on With the Railroad to Raleigh, S5 miles long, which
Is allo about TO be Te-laid with heavy 7 rail.
At South Gsson 1t viii receive the immense productions
OF The extensive ard fertile valley Of The Roanoke wh:h
are brought that point by the Roanoke Nsygaoa Com
psny expended four hundred thousand dol
lars In improving The nsygsiicn OF the Roanoke and u
tributaries.
The hsrbor OF Noroik and Portsmouth Is well known to
be OF the best In The UDed States ard will thus be
connected by The seabosrd and Roanoke Railroad and I
connecting lines With ample extent Of territory, which
will ensure to the road an abundant busIness.
map exhibiting ihete connections showing Glso other
lines now in rspd course Of construction, by which
unuous line Of railway will soon be extended from Norfolk
10 Mobile and New Orleans The South and Val
ley or the Mississippi at Memphis the West may be OBJ
tanned Of the uudenigred.
An Exhibit" giving full account Of the road and itS
affairs copies OF the bond and mortgage, aud the legal
Opn'ens Of Judge John Mason, of Virginia &c
psDies the map, and may be obDed upon application 10
John Palmer ESQ., 81 the Merchants Bank to Messrs
Wnilow, Lsnier L Co., by mail Otherwise, who will
furnish any further information which may be desired.
is confidently believed that the Bonds offered for
sale afford Of The safest and desirable securities
In the msrheL
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
now offered FOR sale.
The entire amount offered will be disposed Of absolutely
and without reserve to the highest bidder.
Sealed proposals 70 any amount not less than 81 200 vii
be received at The Office OF Messrs Wnsow, Lanler L
Co until O'Clock on the thirty first day Of MAY, 1851
Proposals to be addressed to WINSLOW LANIER
co 50 WALL.sT, NEW YoRK, and endorsed Proposals.
for 3 r r. Bonds"
Parties whose bids accepted will be required 10 pay
twenty per cent upon the ut awarded to them imne
dale upon being notified OF the acceptance OF their bias
and the sinder in equal amounts tbs first days OF
july August September and October next but any psy
VIII be - Interest viii
meIce from the OF pRymen
myISiSI WINsL0W, LANlER CO 20 WalsL