New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-26
FINANCIAL.
SeatDard and Roanoke Railroad
" OsIVsVVO MORTGAGE RONDS Sealed

proposals VIII be received by the subscribers until S.iur-
day the 3ls day Of MAY instant. FOR THREE HUNDRED
AND FIFTY THOUSAND DOLLARS Of the first and
only Mortgage Ponds Of the Seaboard Roanoke Rail
road Company bearing per cent per annum interest,"
and redesabe al lie Merchants Bank in the City Of New
York on the Il, Of August. 1859
These Bonds are ia sums Of 900 each. with Coupons
attached payable the Merchants Bank. IN the City OF
New-York on the l., Of each February and August.
These Bonds arc issued under authority Of special acts
Of the Legislatures Of Virginia and North Carolina and
arc secured by mortgage executed TO John Palmer Esq
Of the City Of NewYork, N trust for the Bondhoders
This mortgage covers the line Of the Road from
Norfolk Virginia 70 South Castor the Roanoke River in
North Carolina distance Of 90 miles which will have cost,
when completed including the original outlay over SlOO
OOO-and the empowered of sr'y days Dc
(auH m the payment Of interest principle Of the bonds to
take possession Of and se the whole part Of the
same including the franchises, and property Of the
Company every description acquired OF hsreaer to
be acquired
The whole amount Of the Bonds authorized TO be issued
four hundred Thousand dollars Of which the amount now
offered for sale has been issued by the Company payment
principally for the heavy rails with which the Company
now RELAXING their track
This heavy rail for the whole distance. 20 miles IS
now on hand-jO miles lad and operationand the
company actively engaged laying the remainder so AZ
to complete the line weldon, 80 miles July Of the
present year. and TO South CASTOR % miles by the close Of
the year
The seabosrd AID Roaoke Railroad forms part Of the
Great Southern Route from New-York Philadelphia, and
Baltimore TO Kew-Oreans with the line OF
steamers now running from Baltimore to Norfolk
A line Of Steamers running from Philadelphia to
Norfolk.
Two lines Of steamers being built 10 from
NewYork to Norfolk TO running early IN July
no1 One Of these lines be Of the first class OF
senger steamers burden and the other line Of
propellers
The connections Of this road such to secure for
an ample Of business untes At Weldon with the
Railroad Wilmington. 100 miles in length, which has lust
been ald with heavy rail uniies ct South Castor
with the Railroad to Raleigh 81 miles long, which Is also
about to he roaid with heavy rail
Al South Castor 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
pany who have expended four hundred thousand dol
lars IN improving the navigation Of the Roanoke and It's
tributaries
The habor Of Nsrok and Portsmouth Is well known 10
be one Of the best the United States and Will thus be
connected by the Seaboard and Roanoke Railroad and its
connecting lines with ample extent Of territory, which
will insure to the road an abundant business
map exhibiting these connections, showing also other
lines now in rapid course Of construction. by which
unuous line Of railway Will soon be- extended from Norfolk
10 Mobile and New Orleans the South and to the Valley
OF the Mississippi Memphis the West, may be obtain
Cd Of the undersigned
An EXHIBIT giving full account Of the road and its
affairs copies 81 the bond and mortgage, and the legal
opniens Of Judge John Mason, Of Virginia. &c.
panes map, may be obtained upon application TO
John Palmer ESQ the Merchants Bank or to Messrs
WnsloW, Lanler Co. by mail or otherwise, who Will
furnish any further information which be desired
It's confidently believed that tho Bonds offered for
sale afford one Of the safest and desaas securities IN
the market.
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
now offered for sale.
The entir, red VIII be disposed Of absolutely
and without reserve to the highest bidder
Sealed proposals for any amount not less than ieS viii
a. received At the office q Messrs Winson. Lanier Co
until 3 O'Clock on the thirty first day Of May, 1851
Proposals to he addressed 20 WlNSLOW LANlEk
co. 50 WALL-Sr.. NEw-YORK, and endorsed Proposals
forS x X Bonds"
Parties whose bids accepted viii he regdTedte pay
twenty por cent upon the awarded 10 them mime
stey uron beng notified " the acceptance Of their BIDS
and the remainder IN equal amount the hsi days 81 sy
August September October next but any party Will
h. Vt liberty to pay full Interest viii commence
from the day Of payment
myi3ta WINSLOw, LANIER co, y W4il-si
S.NU moI,s nr' on real al estate IN th,
civ III sums to SUIT Also. $4,000 On Brooklyn OF WI
lsIrshurrh m Suns 20 srlt applicants Apply n
my23 81 WI. [ HULL - nAal-'l-
d Hn N0N TO LOAN on BOND and