The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-07-09


SEALED PROPOSALS viii be received BY subscribe,
dollars ofs aud only mortgage bonds Of the wumiaIs
Manchester Railroad Company, bearing Interest al the
cent annum, principal and interest," redeemable ia
Of New Yofk-hs principal on The Is, June 1903
the Merchant' Bank, New York. lat December M
IN each convertible into Tho capital The compay
They lssued under OF the legislatures and
N y 9 10 . 90 as s h 3, 81 g
The deed of the entire ine Of the road
Carolina distance miles, co.uns when
WIN heavy trail aud equipped 81 ooooo1 Tue eIuaat
The trustee is empowered in case Of go days default in 0
Of principal or interest," take OF The line
WIN ITS equipments, stations, Income franchise, Aet s
sell a, his discretion to the highest bidder for cash.
The bonds authorized 20 be issued by w.
the .tockholdefs meeting called for that Ap
order OF the railroad board, $500 O0o mean,
the residue Of The iron rails aud equipments only $500 VI
The company viii owe no other debt when the road ,
will prove important link great chain Of
road FROM bos,Sn New Yoa and r,n,adspas New
in successful operation al Manchester with the great
Carolina failroad leading from Charleston the Of
gomery Alabama, in the receipt Of million Of da
annually from It's busnesswill avoid the present
days tme facilitate the mails, and will bring the &c.
in immediate and direct communication with the NORTH
The position of this road its connexions North and South
gadea thirty feet 10 the mie) freedom from curve
cheap such as TO put beyond the
line OF road for the immense inland travel between
road the
tile portions Of South Caroina producing cotton, &c.
abundance Its local business alone will support Handsomely
tributary rond dependent transportation
ket produced in ls seventy thousand bales Of cotton Of
Tie company available subscribed ~
has been paid In and applied to constructon which
added any time the option Of the company $500 GOV
cbed by the State OF North Carolina certain conditions
II is estimated that the annual profits viii reach II
About one graded bdsed
being the of delivery and viii be ready for
a forward towards completion
Six thousand hundred iron rails, pattern,
purchased, and are in the course Of delivery.
100000 has already been expended construction inch
ing payment for the rails purchased
1tsexpected that about 80 miles from Manchester
completed and in operation in the fall Of this and the
The Of this highly respectable and con,
No work the South undertaken or projected
further and particular information we refer s
be n es', o. s oaS sn" @
bond and mortgage opinion counsel Ac prepared by Gen
pcaon al The office Of The company at Wilmington North C
lima, Of The undersigned by mail or otherwise with any Other
We deem the security desirable North
Carolina and the various corporations chartered within
limits which have been money, uniformly n
under the most adverse promptly their
Public sentiment in those States has always
high in regard puncua fulmont Of public and
The $500 disposed absolutely and without r.v.n
the highest bidders.
Sealed proposals any less than d 900 will
ceived the office of the undersigned until 3ocock the
Proposals to be addressed to Winslow, Lsner Co. W
New York, endorsed proposals for W. Manchester n
Pares whose bids accepted required pay wu
per cent upon awarded them upon being NOTIFIED
the Of September October November and Decsn
party will be at liberty TO pay in full at
Pamphlets containing maps Of the road may be seen at the o.
Of Messl' o0r'0r W1ss nsSs LAN,ER co.. s, Wa. stree.
June li--2aw,July 10