New-York daily tribune., 1851-05-14
FINANCIAL.
sesboara aaa Ro.noke RsIIroaa.
S3OO.UOO sdREaaSE SaE nS r6H s6Sbs'1ss..i CEN d

ROOO,OOO hORrGAGE BoNDs.-sssed
proposals. will be received by the 'ubfcrbers until ss'nr'
dsy, the5lssdsy Of May instant, for TIRE HUNDRED
AND Fifty YHOUsAND DOLLARS OF The hrss snd
OILY Mortgage Bonds OF The seaboard Roanoke Raj.
Company bearing per cent per Hnn1m Interest
ard redeemsbe The Herohants bsnt n me City Of New
York. on The lst Of Al gust- 1850.
These Bonds IN Of 3 200 each with Coupons
susched payable al The Merchants Bank. in he City OF
Nsw-York OF the lIt OF each February and August
There BordI are Isued under authority - 'peca acts
Of the LesissureI CT Virginih and North Carolina and
are secured by mortgage executed 10 John l. Palmer
Esa OF the City ofNew York IN tr1ss iohe Bondhoders
This mortsge covers The entire line Of the Road fom
Norfolk virginia 70 South GaEon the Roanoke river IN
EortbCsrolns distance OF 90 miles which viii have cost
when completed including TIE original outlay over $780,
Coosrd the trustee Ia empowered 10 esse Of sixty dsys
6fqt IN The pqvet fiperet principal Of the b0nds
10 AXE posteon o. use and sell the whole or any part Of
the same including the franchises Income and property
Of the Company Of every description, now scqnlred
hereafter 10 be acquired.
The whole amount OF the Bonds suhorsed 10 be Issued
10 four hundred thousand dollars Of which the amount
row offered for sale has Gs1ed by the Company 10
payment principally for The heavy rails with which The
Company 10 now reAyng their track.
This heavy rail for the whole distance, 90 miles Is
low on hand 30 miles laid and 10 operAdon-and The
company actively engaged nlsJing down the remainder
10 a. to complete the line Weden, SO miles 10 July Of
the present year 10 South CASTOR 80 miles BY the
close Of the year.
The sesbosrd Roanoke Railroad forms part OF tbs
Great Southern Route from New York, Philadelphia and
Re ,imore to New. Orleans, in connection With the line
Steamers running from Baltimore TO Norfolk
line OF Steamers ia running from Philadelphia to
Norfolk.
Fwo lines OF BiesmerS now being built 20 run from
New.Yor to Norfolk TO commence runnisg early in July
next One of there lines he Of the hrss class of pas
ser ger steamers 100 uns burden and The other line Of
propellerS
The connections Of this RoAd are secure for
ample OF ausners It uuites al Weden with the
Railroad to Wlmir gon 100 miles 10 length. Which has
uIt been re-lsid with heavy rail- Il uniles At South
with the RAfosd to Raleigh IS miles Ion which
issso about to be re laid with heavy rail.
At South CASTOR IL will receive the immense productions
Of The extensive and fertile valley Of the Roanoke, which
brought TO ha point By The Roanoke Navigation Com
psny expended four hundred thousand dol
ars in improving hs navigation OF Tie Roanoke snd u
lributshes.
The barbor OF Norfolk and Portsmouth Is well known to
OF the beat n the United States and will thus be
connected by The sesboard and Roanoke Railroad and s
connecting lines with ample extent OF territory, which
will ensure 10 the road an abundant business.
map exhibiting lhese connections showing also other
lines IN rapid course Of construction, by which con-
tinuous line Of railway will be extended from Norfolk
Mobile and New OreSns The South and to the Val
ley Of the Mississippi Memphis the West be OBJ
tanned Of the undersigned.
An Exhibit" giving fall account OF the rosd and its
affairs copies Of the bond and mortgage, and the legal
opinions of Judge John Y Mason Of Virginia &c accom-
panies the map, and may be obtained upon application 70
John Palmer Esq at the Merchants Bank or TO Messrs
wnslow, LsRier & Co, by mail or Otherwise who will
furnish any further information which may be desired.
1t is confidently believed that the Bonds offered for
sale afford Of the safest and most desirable securities
in the market
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
Iow offered for sale.
The entire amount offered viii be disposed Of absolutely
and without to the highest bidder.
Sealed proposals any not less than 81 vii
be received at the office OF Messrs Winscw, Lanier l.
Co until O'Clock the thirty first day OF May 1851.
Proposals to be addressed to WINsLOW, LANlER
CO 81 WA1L.sT., NEw-YoRE and endorsed Proposals
for s. & r Bonds"
Parties whose bids accepted VIII be required TO pay
twenty per cent upon the amount awarded to them imme
disle upon being notified OF the acceptance Of their bids
and the remainder in equal amounts on tbs nrsl days
July August September and October next but any party
Will be al liberty topsy in fa al once Interest viii com
merce from the day OF payment
myiS Isl WINSLOW, LANlER & co - Wslst