New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-23
Ssaboard and Roanoke Railroad
OEn On0 SEVEN PER CENT
JCO.UUU MORTGAGE BoNDe-eoa,

~
,sls will be received by the subscribers until Saur-
Az ,he 3ls, day Of May, Instant for THREE HUNDRED
IN FIFTY THOUSAND DOLLARS of the first AMI
Nv Mortgage Bonds Il Tie Scaboard Roanoke Rail
- cmoIany bearing per cent per annun interest.
esmahlc at the Merchants Bank, ia the City OF New
.. IN the Isl Of August. 1850
Tne.e Bonds are Of 81 goo each. with Coupons
,,ss PAYABLE al the Merchants Rank IN the Ci,y Of
EewYork. on the ist Of each February and August
Tt,se Bonds are issued under authority Of special
., ,he Legislatures If Virginia and North Carolina AMI
,e secured by morteag executed 20 John Palmer ESQ
~ the CT, II New-Y ork IN rs for the Bonlholders
ms mortgage the entire line of the Road from
Nerfok Virginia 10 South CASTOR The Roanoke River
Eorth Carolina distance Of 90 miles. which Will have cost,
hep COMPLETED including ne original orfiqy 81 800
teosn the empowered, Of 'iNy days de
f ~ ne payment Of interest principle Of the bonds
POSSESSION Of and sell the whole any part Of tho
same including the franchises income and property Of the
COMPANY Of every description acquired hereafter
be- acquired.
The whole Of the Bonds authorized 10 be issued
Is hundred thousand dollars Of which the amount
offered for sale has been issued by the COMPANY payment
principally for the heavy rails with which the Company
now rela, ing thoirtrack
This heavy T rail- for the whole distance 90 miles IL
now hsnd-jO miles laid and operation-and the
company actively engaged laying the remainder
10 complete the line Weldon 80 miles July Of the
present year and to South Castor % miles by the close Of
the year
The Seaboard ard Roaoke Railroad forms part Of the
Great southern Route from NewYo Philadelphia, and
Baltimore New Orleans, connection with the line Of
steamers running from Baltimore 10 Norfolk.
A line Of Steamers running from Philadelphia TO
Norfolk
Two lines If steamers beng built 20 from
NeU-york to Norfolk, commence running early July
ne,, One Of be Of the first class Of pas
nger steamers 100 tuns burden and the other line Of
propeliers
an annie amount Of business ii Weldon with the
Railroad to Wilmington, 100 miles length which has just
been ~ laid with heavy rail it untes at South Castor
with the Railroad to Raleigh IS miles long which Is also
about to be relaid with heavy T ral.
At South Castor 1t will receive the immense productions
Of the extensive and fertile valley Of the Roanoke, which
are brought to that point by the Roanoke Navigation Com
psny expended four hundred thousand dol
lars in improving the navigation Of the Roanoke and rs
tributaries
The habor Of Norfolk and Portsmouth Is well known 10
he one Of the best IN the United States and Will thus he
connected by the Seaboad and Roanoke Railroad and It's
connecting lines with ample extent Of territory, which
will insure to the road abundant business.
map exhibiting these connections showing also other
lines now ia rapid course construction, by winch
line Of railway Will DC extended from Norfolk
TO Mobile and New Orleans the South and To the Valley
OF the Mississippi Memphis the West may be obtain
ed Of the undersigned
affairs copies of the bond and mortgage, and the lega
opinions Of Judge John y Mason, Of Virginia &c accom-
panos the map and may be obtained application 10
John Palmer Esq the Merchants Bank, or TO Messrs
Winsow, Lanler & Co, by mail otherwise who viii
furnish any further information which may be desired
It's confidently believed that the Bonds offered for
sale afford the safest and most desirable securities
the market
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
ofic red for sale
The entire amount offered VIII be disposed Of absolutely
and without reserve to the highest bidder.
Sealed proposals for any not less than 0OO Will
be received AZ the office Of MeSsrs Wmslow Laner Co.
until O'Clock on the thirty first day Of May, 1851
Proposals TO be addressed 10 WINSLOW, LANIER
co, 50 wALL-sT., NEw-NoRK and endorsed Proposals
for S 4 r II Bonds"
Parties whose bids accepted Will be required to pay
twenty per cent upon the amount awarded to them imme
datcy upon being notified Of the acceptance of then bids.
and the remainder equal amount the first days of July
August September and October next hut any party Will
he at liberty pay fun Interest Will commence
from the payment.
myistsl wINSLOw. LANlER CO, 80 Wal-st.