New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-13
FINANCIAL.
sesbosrd and Roanoke Railroad.
$35O.OO0 s SEvhS P nGEDs CEN%i

$35U,UUO s Has JAG BoSDsEss.isd
n,ono,,I, viii be received by the subscribers until ss1r-
dsv teslst day Of May instant for THREE HUNDRED
AND FIFTY THOUSAND DOLLARS OF the hrr and
only Mortgage Bonds OF he seaboard Roanoke hAI
road Compssy bearing per cent per snnu interest
and reaeenGbe At the Aerehsn Bank In The City Of New
York, on the LIST OF August, 1850.
Fhese Bonds are 10 suns Of s. 900 each, win coupons
attached PAYABLE al the Merchants Bank, 10 The City Of
Eev.York, on the lst OF each February aud August
These Bonds are Issued under authority Of special scu
OF The Lessatures Of Virginia AID North Carolina and
are secured by mortgage executed to John Palmer
Fac OF the Civ OF New York 10 us for The Bondholderf
This norasge covers the entire line Of the Road from
Norfolk Virgins South CASTOR on the Rosnoke river II
NorthCsTons AdsAnce Of 90 miles which VII cave COST
when completed including he original outlay over $780,
COO-srd The trustee 10 empowered in case OF sixty days
defqt IN the payment interest or principal OF the bonds
10 take po,,esou o. use aud sell the who or sny pan OF
lie same including The franchises Income and property
OF the Company Of every description, now acquired OF
hereafter 10 be acquired.
The whole amount of he Bonds authorised to be Issued
In four hundred thousand dollars Of which the amount
now offered for sale has been sued by the Company In
payment principally for the heavy rails with which The
Company 10 now relsyng their track
This heavy T rail for the whole distance 90 miles 10
now on bsnd-5O miles are laid and In operaonand the
company actively engaged down the remainder
90 as TO complete the line Weldon, 80 miles, IN July OF
the present year. and South CASTOR 80 miles ey the
clo,e Of the year
Tbe seabosrd & Roanoke Railroad forms part OF the
Great Southern Route from NewYork, Philadelphia and
Baltimore to Ngvv Orleans connection with the line Or
Steamers row running from Baltimore to Norfolk.
Aune OF Steamers s now running from PhilasephiS to
Norfolk.
Two lipes Of Steamers are being built to run from
New.York to Norfolk. commence running early 10 July
next One Of these lines 10 be Of The frat csss OF pas
stesueTs LOO tunE burden and the other line OF
propelleI.
The connections OF s Road such a. TO secure FOR II
an ample smount Of business 1t unes al Weldon whit
Railroad to Wilmington 100 miles In length which has
jus been re-lsld With heavy rail; II uniIe' al Son'h
Gson with the Railroad to Raleigh IS miles long, which
!. also about TO be relaid with heavy T rail.
At South Gsson 1t will receive the immense productions
OF The extensive and fertile valley OF the Roanoke WHICH
brought ths, point by the Roanoke Navigation Com
pauy expended four hundred thousand dol
ss in improving The navigation OF the Roanoke and iu
tributaries
The hsTbor OF Norfolk and Portsmouth well known TO
be one Of The beat In the United States and will thus be
connected by the seaboad and RoSnoke Railroad and i'
connecting lines with ample extent Of territory, which
will ensure to the road an abundant business.
map exhibiting these connections showing also other
lines now In rapid course OF construction, by which con-
Iinuous line Of railway will be extended from Norfolk
TO obue and The south and to the Val
ley Of the Mississippi at Memphis on the West may beoo
tanned OF the undersigned.
An Exhibit" giving full account Of the road and its
affairs copies Of the bond and mortgage, aud the legd
opniens Of Judge John Y Mason, of Virginia &c accom-
papies the map and may be obtained upon application 10
john Palmer Esq, at the Merchants BANK or TO Aessrs
Winslow Lsbier 4 Co, by mail otherwise, who Will
furnish any further info mston which may be- desired
Ills confidently believed that the Bonds now offered for
sac afford Of the safest and most desirable securities
in the msrieL
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
row offered for sale
The amount offered will be disposed Of absolutely
and without reserve to the highest bidder.
Sealed proposals 10 any amount not less than 81 200 viii
be received al the Office OF Messrs Winsow, Lsnier
Co until o clock the thirty first day OF May, 1851.
Proposals 10 be addressed to WlNSLOW, LANlER&
co, SO WALI.sT .NEw.YokE, and endorsed Proposals
for S Il X Bonds"
Parties whose bids accepted will be required TO pay
twenty per upon the amount awarded 10 them mme-
diaey upon being poed OF the Of their bids
and remainder in equal amounts tbs first DAYS OF
July August September and October next but any party
vii be Ginbery pay in fun at Interest viii CON-
mence from the Gay Of payment
mylslSl WINsLow, LANlER CO. 50 Waist