New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-10
WILMINGTON and MANCHESTER

"
W RAILRoAD-s3oo,o 900 seven per cent MORT
GAGE BONDSSealed proposals will be received by the
subscribers nn THU RsDAH The iGth day Of July NEXT
Mortgage Bonds Of the Wilmington and Manchester Rail-
road Compny bearing interest at the rate 81 seven per
cent per nnnm Encpa and interest redeemabe IN the
CITY of NewIork the principal on the ls June, 1906
bic at the Merchants Bank NewYork the ist Decem
Der and st June zach year, convertible INTO The capital
st9s OF the COMPANY at The op , q ne h%er Noh
and South Carolina. secured by MORTGAGE. or Deed u
Trust 10 Edward sandford. ESQ, OF NewYorA, IA trust
for the holders Of the Bonds
The Deed Of Trust covers the entire line Of the Read
completed and 10 be completed from Wilmington IN n o.
when pleed with heavy rail and equipped tvs
The extraordinary adapedess OF the country To me con-
structlcn If railway accounts for this low cost
The Trustee empowered. Of 90 days default n
payment Of principal interest 10 take possession Of The
sn ne line Of Road with It's equipments stations income,
franchise &C. the to sell at his discretion 10 the
highest bidder Tor cash. to pay arrears OF PRINCIPAL VI H.
tsrest.
vote the al peetng called Of that purpose
IN Ami last and an order Of the Railroad Board st0o1o
"a the residue Of the IRON rails ana equip
uents only s3oO 600 which offered for sale
The Company viii no other debt when the road 10
This road will prove important link in the great cham
OF railroads from Boston New-York and Phliadelpha %
New Orleans connecting AT Wilmington with the Raeigh
and Wilmington RAILWAY now successful operation 1t
Manchester with the great South Carolina Railroad leading
from Charleston the direction Of Montgomery. Alabama
the receipt OF near million OF dollars aHny Ioh
rs business viii avoid the present dsagreeabie sea voyage
from tOn
Orleans ON. days tune. facilitate the mails, and Will onns
the South immediate and direct WIN
the North. .
It's .asy grades none thirty feet 70 the me freedom
from curves and cheap cOsrcton such as to pu be-
yond the competition any other line Of road Tor the sn-
en,e inland travel between the North and New-Oreans
The greater part this Read trayerses the most pOpulous
ard fertile portions Of South Carolina, producing cotton,
com abundance Its local business alone VA
The census Of 1850 shows that the district II county
hehr xIflf hot tD !
for transportation To market prod IN Sas seventy tnou-
sand bales Of cotton. oil an average weight each OF ~
The Company has million Of available stock subscribe
ed of winch has been paid IN and applied 70 cohsIu
10 which can be added u, any time al me eyoh % mo
Company S2f0 coo subscribed by the Stale VI NOhCaIo
Ina on certain conditions . -.
II estimated that the net annual profits VIII reach u
About one-haf of the line has been graded and
brd ged the crosses beng IN the c9se Oh del'efy anu
The entire Inc under contract for grading and bridging
End IN forward toward completion
S1 Thousand two hundred 'uns iron nisi pattern e
been purchased and IN the course u dsiiVsry
About 500 900 has already been expended CONSTRUCTIVE
Including payment for the rails p iIchased
exuected tia, about 80 miles from Manchester East
Will be completed and in operation IN the Fan "a is year.
aud tie entire line 70 Wilmington early next year
The Of tbs Road highly and
eomperent hands No work IN the South undertaken Or
For fu her and partcg lar information We feief 70
printed Exhint" fun details u the ho~d anu lt AZ
fairs which Map Of the line win Us man, con-
cop-s of the Bond and Mortgage opinion Of Conn-
eI kc prersred by Gen " W Harlee President OF ths
Inch he oftahtu on AZ Ii'
nffIs Conranv al Wilmington. n c. Of the under-
signed by a otherwise. with any other ihiofaih oe'
We deem ,ae security a desirable one. The States OF
North and South Carolina and the yan"us corpOfatHhs
Chartered within then limits which have been borrowers u
msney have uniformly and under the most adverse c-
stances promptly met their pecunlay ruoic
snuent IN those States has always high ground
regard TO purctual ament Of public and private pecunaV
obligations ,t-, -.
reserve " the highest bidder. o =,
Sealed proposals. for any amonni not less nan VII
b. received al the Oce If the undersigned Until O'CLOCK
on the 10Th VI July proximo. 1890, go, >,,rp =
Proposals ~ be addressed 20 W1NSLOW, LANlEh
Co 81 Wall-st New YORK. endorsed " PROPOSALS. 5os
W MANCHESTER RAILROAD BONDS
Parties whose bids accepted Will be required 70 gay
,venty Ger cent upon the amount awarded 10 them uuA
peing notified Of the acceptance Of their DiIs anu o i
maInder m equa amounts the first days Of sep.sDe
Octoh@r November and December next, but any I III
b. A, bferty 20 paw ID full atonce If desired VIA
commence frrm the day Of payment 80 .,vn,