New-York daily tribune., 1851-05-29
Seaboard and Roanoke Railroad
$35O.OOO .sdsv,I SEVEN N. PER PER- CENT:

" MORTGAGE BONDS S--Sealed
proposals VIII be received by the subscribers until Satur
day the 3lst day Of May. instant. for THREE HUNDRED
AND FIFTY THOUSAND DOLLARS Of the first and
only Mortgage Bonds Of the Seaboard Roanoke Raul
road Company bearing per per annum interest
and redeemable al the Merchants Bank City Of New
York, the lst Of August, 1860
These Bonds arc Of $1,000 each. with Coupons
attached payable at the Merchants Bank IN the City Of
NewYork, on the Is; Of each February and August
These Bonds issued under authority Of special acts
Of the Legislatures Of Virginia and North Carolina and
are secured by mortgage executed to John Palmer Esq,
Of the City Of New-York, for the Bondholders
THIS mortgage covers the line Of the Road from
Norfolk Virginia to South CASTOR the Roanoke River in
North Carolina, distance Of 90 miles which viii have cost
when completed including the original outlay over 81 oo
ooand the trustee empowered Of sixty days de-
fault he pcyenf of interest principle Of the bonds
possession Of and sell the whole OF any part Of the
sane including the franchises and property Of the
Company Of every description acquired or hereafter
be acquired.
The whole of the Bonds authorized be issued
four hundred thousand dollars Of which the
offered for sale has issued the Company payment
principally for the heavy rails with which the Company
now relayIng their track.
This heavy rail- for the whole distance 20 miles, is
now hand5o miles LAID and operaton-and the
company actively engaged IN laying the remainder so as
10 complete the line TO Welden 30 miles, July Of the
present year. South CASTOR 30 miles by the close Of
the year
The Sesboard ard Rosoke Railroad forms part Of the
Great Southern Route from NewYork, Philadelphia, and
Baltimore to NewOrleans in connection with the line Of
steamers now running from Baltimore 20 Norfolk
line Of Steamers running from Philadelphia to
Norfolk.
Two lines Of steamers are being built from
NewYork to Norfolk commence running early in July
next One Of these lines be Of the first class Of
senger steamers eo tuns burden and the other line Of
propellers
The connections Of this road such for
an ample amount Of business it untes at Weden with the
Railroad Wilmington. l6O miles length, which has Just
been re-sid with heavy rail unites at South Castor
with the Railroad to Raleigh 85 miles long which Is also
about TO be resid with heavy rail
AT South CASTOR Will the immense productions
Of the extensive and fertile valley Of 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 It's
tributaries.
The harbor Of Norfolk and Portsmouth well known to
he one Of the best in tho United States and will thus be
connected by the Seaboard and Roanoke Railroad and ITS
connecting lines with ample extent Of territory, which
will insure to the road an abundant business.
A map exhibiting these connections, showing also other
lines now in rapid Of construction, by which con-
rnuous line Of railway viii be extended from Norfolk
TO Mobile and New Orleans the South and the Valley
OF the Mississippi Memphis the West, may be Sbain
ed Of the undersigned
An EXHIBIT giving full account of the road and ITS
Affairs copies Of the bond and mortgage, and the legal
opinions Of Judge John Mason of Virginia, &c, accom-
panes the map and may be obtained upon application to
John Palmer, Esq at the Merchants Bank or to hessrs
WnsoN, Lsnler & Co, by mail otherwise, who viii
furnish any further information which may be desired
tbs confidently believed that the Bonds offered for
sale afford Of the safest and most desirable securities
the market.
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
offered for sale.
The amount offered Will be disposed Of absolutely
and without to the highest bidder
Sealed proposals for any amount not less than 900 will
be received at the Office Of Messrs Wnsow, LanieT Co.
until O'Clock on the thirty y-hrs day Of May, 1851
Proposals 20 be addressed to WINSLOW, LANIER
co, 50 WALL-sT, NEw-YoRK, and endorsed Proposals
for S. 4 r. r. Bonds"
Parties whose bids are accepted Will he required 10 pay
twenty per upon the amount awarded to them lmme
datey upon beng notified Of the acceptance OF their bids
and the remainder equal amount the first days N.Y.
August September and October next; but any party VIII
he liberty pay full at Interest will commence
from the day Of payment.
myIStsi wINSLow, LANIER CO, 50 wall-st