New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-08
FINANCIAL.
and MANCHESTER

M I4hiNu ioAN anu Ia
w RAILRoAD-ssoe.oeo seven per cent MORT.
GAGE BONDSSealel pseposals wall Be- Fecegea b, ias
su6scrscrs un,l THU RSbAl the ieA aay Of Js, neI'
Mortgage Bonds of the wmin;ton and Manchester RAD
road Corpany besrng interest n the ra'e u ssyea 81
cent rsf spnr pclp0l ard interest refeemahe IA ~
C,ty Al NewYork the principal cu the Isl June ~.
Ts Bond, are m ii 80 each with couroas rsss.
Bile Al tse Merchants Bsnk. NewYers ~ he ~ nr~s.
Der and June each year Convertible iuo ih- c,,si
stock u the Company. a; the option of the ho,ders
au Us s AK ss aaas sSi o. ~ '' Mod - &
Trust. 10 Elwfgd SandfoTd. Esq, u Ne~-fesk IA ,rps
The Deed Of Trus, covers ,he entire line o.: ne r.,
completed and 70 Re mpleted from Wilmington "a \ {
to Manchester, IN {. distance y - nul e..'ss.
when mplee with heavy ral and equipped 5 80 80
The extraordinary adspseness ii the c'rni' g. the c,n
stLncinn u arnil~a, accounts ior tins low c'~i
The Trustee 4, uncovered. Of o. dass default -
payment "a noQal .. interest, a. taAe >se>>in % Tie
entire line q Road Nth II ssupmrncs. sis,sss ,n''e
Franchise. SC. the sell It hs discretion the
hughes; bidder for cash T. pa' arrears II PRINCIPAL % IN
he whole amour, n bonds authorized t. be ,Ssue -
vote oiihe cckholder AZ ueetas called f TIA, purpose
In April last and an order 81 he Ralroa Boar SOY as
~ raSe means 70 pay the residue 4 the INA as ard esu9
msuts only sSOoeVe II which are NV evet for sale
The Company will owe ~ 'iheT deb, when the rad y
THIS mad will prove nporssn nk the r-ea, cham
Of railroads frOm Boston. New-losA and Philadelphia 4,
New Orleans. connecting at Wilmington NTH the Raleigh
and Wilmington RAILWAY BOW m successful OPERATION a.
Manchester With The great south .nna harai leains
oul Charleston IN the direction II Montgomcn AaNlma
now IN the receipt OF near million OF dollars annnas fnm
from Wilmington to Charleston the travel = New
Orleans one days time facilitate the mails, anu VII hnnf
the South IN more immediate and Greci commune aa1 WITH
The rs,on Of this Ros connec,icu. North aDdSogA
lis cas-, grades nons thirty feet 60 The me Greeoa
from curves and cheap construction such A. u pRk
yond the competition Of any other ne ~ na nor ne in
mcnse inland travel between the North a9d New oueae
The greater part Of this Road ra,Sses the most ppks
and fertile portions Of South CarClna prodac'ns cos's
cora. &c IN grea' annndAhce Tvs a'@e va
uuuuTt Il Handsomely. -
Ine census u 1850 TIA, the district II count,
Which viii Re tributary a. this Road and delenira On
Ion anspsra'ion market produc Ell m Si9 seYea thot-
ssr iaes et cotton. II an average weight each 81 400 rs
The Company has million oi available stock uhscuA-
Ell most which hus been pad IN and apphcd Go consr
ton which can be- added a, any time Q, The oPon o he
Company, $500 600 subscribed by 'he'>a'e u N,uhCsp
st,mated that the net annual profits VII reach
About one-haf OF the entire line has been graded asd
Srdged. the cross ties beng IN me ',nI>c ot deet AMI
will be read, for the iron rails inmedlatcl,
The entire line Is under contract or grading sui budSs
and IN a forward state toward completion
Sla thousand two hundred tunS ron ralS phera have
been purchased and are IN the course ot dt!NeN
Aor s70o oto has already been expended constrnciN
including pavment tor the rails purchased
it's espectcd that about 50 miles from Manchester Ea
vii he completed and IN operation IN the fa ot ihSyen.
aud the eniir. line a. Wilmington earN next yrsf
The management Of tins Road i m hshy respectable ai
conipsieut hands No work IN the south undertaken
projected meets with more public favor thanths
For further and more partic lar information We refer t0t
pnn,od" Exhibit giving full details o the Road and ~ A.
krs which contains Map of the line With IT,
necsS COMES the Bond and Mortgage. opinion If Con-
sci &c prepared by Gen W W. Harhee, President OF ts
Conranv winch may be obtained application At the a.
zee ofihe Company At mington. { W ot The uBis
signed by mail or Otherwise with any other normaoah
sued
W. deem the security a desirable one The States u
North and South Carolina and the various cnrporaiiss
rhn,t.. within their limits which have been horruweNd
money have uniformly and under the most adverse ccln
STAGES prompt, met their pccunmy "nsagements Pae
sentiment IN those States as always taken hSh gfonRa
REGARD 10 punctual fument Of public and private eeuap
OIL cations.
The SJe0ooo will be disposed Of absolutely aud wihost
reserve 10 the highest bidder. .
Sealsd proposals. for any amount not less than 81 O will
BE- r,ccNe a the Office 1T the undersigned gu Oec,
the lO'h of July prUNmo - ... . ....
Proposals t. he Addressed To WINSLOW. LANIERs
co - Wall-st. New-lorA, endorsed PROPOSALS Foz
" X MANCHESTER RAILROAD BoNps.'
Parties whose bids accepted viii be required topaz
twenty per upon the amount awarded % them ufe
beng notified Of the acceptance Of their buds and TIE r.
ulainder equal amounts the first days ot Septemhd
October November and December next hut any pariy WI
be- al liberty m full at once II desired Interest sa
commence fr,sn the day OF payment.
legtJylO WINSLOW. LANIER co. 33Walls