New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-09
FINANCIAL.
WILMINGTON and MANCHESTER


w RAiLRoAD-s3OO.Ooc seven per cent MORT
GAGE BONDS aIed Hrogsals VII be received BY the
for three hundred thousand doars first and only
NoTgsse Bonds Of the WhaIns' and Manchester Rail
road CCupans bearing Interest the seven per
cent per annun PInopa and interest reieema5e the
CIT OF New-fork the PRINCIPAL on the is June. lss6
be al the Merchant, Rank NewYork the i, Deem
her and si JUNE n each year, convertible ao the capital
They lel under Of the Les,latures Of North
and South Carolina secured ~ M.rs-aSe. er Deei d
Trust, 70 Edward Sanford. Es4, OF NewYOrA
for the holders OF the Bonds
TIE Deed Of Trus. covers the line II The Rad
peted and 70 be completed from Wilmington. y. {
- Manchester. II 5 c. distance Of 6s miles, costing,
when completed with aheavy mi and equipped isooO1s
Inc iedness Of t1e country TO the con-
stTuction Of railway accounts for this low cost
The Trustee i empowered. IN If 81 DAYS default
payment OF principal interest u take possession Of Tie
entire lne OF Road. Wit equpSents. stats income,
franchise. &c. tie to III u MS discretion 10 the
highest bidder io' casa t. pay Arrears OF principal OF M
Tie whole Of bonds authorized to be issued h,
PM last and an order Of the Railroad Board 5000 zoe
rase means - pay the residue OF the IRON ra AMI equip
Uents only 100000 cf which nos cfered for sale.
The Company Will oNe 10 other debt when the road
completed.
OF railroads from Boston. NevYork and Philadelphia 10
New Orleans competing at Wilmington with the Ralesa
and wilmington Halfway now IN successful operation at
Manchester with the grea. South Carolina Railroad leading
from Charleston III the direction of Montgomery Alabama
its will avoid the present dsagreeablo voyags
from Wilmington 70 Charleston. shorten the travel % New
the South IN more immediate and direct commune atom with
the North
s grades (none thirty feet 10 the NILE freedom
from curves and cheap construction such to PIT IT be-
yond the competition Of any other line Of road for the IN
mese inland travel the North and New Orleans
The greater part Of this Road rayerses the most popuous
and fertile portions of South Carolina producing cotton
sc great abundance Its local business alone il
uuport handsomely
which viii be tributary 10 this Road AMI dependent t
for transportation market produced 8i9 seventy thou
sand bales cotton of weight each Of 40 rs
The Company has million of available stock subscrr-
ed Of which has been paid and applied to constuc
ton which be added at any time at the option NJ the
Company s2OOG00 subscribed by the State Of NorhCsrO
Ina certain conditions
II estimated that the net annual profits VIII reach u
About one-haf Of the entire line has been graded and
brdged the crosses beng the course Of delivery and
VIII be ready for the non rails immediately.
The entire line under contract for grading and bridging
and IN forward state toward completion.
S1 thousand hundred tuns rails, pattern. have
BEEN purchased ana are IN the course OF delivery
About S0e00 has already been expended IN construction,
including payment for the rails purchased
II expected that about 80 miles from Nanche>ter East
VIII he completed and operation IN the Fall oi tins year,
and the entire line 70 " imngter early neNyear ,
Tie of this Roads IN highly respectable and
Competent hands No work IN the South undertaken or
projected meets with more public favor than this.
For further and more particular information we refer IL
printed Exhibit giving full details of the Road and It's al
fairs Which contains Map ofthe line with rs man, con-
nections copies Of the Bond and Mrtgase opinion OF Conn
Company. whch may be ooaHed on application A. the OIL
fee the Company at Wilmington. c. or Of the under
signed by mail otherwise. with any other information de-
sired.
We deem the security desirable The States of
North and South Carolina. ana the varlons corporations
chartered within Their limits which have been borrowers II
meney have uniformly and under the most adverse cIrcum
promptly met Their pecunary engagements Pubic
sentiment IN those States has always taken gh gfonndA
regard puctual hlmen Of public and private pecunac
Obligations.
The s3GOOOo VIII he disposed Of absolutely and without
reserve 20 the highest bidder .
Sealed proposals for any not less than $1,000 VIII
be received the Office OF the Undersigned until o'clock
the 10Th of July proNlmo. ~ .
Proposals T. be addressed - WINSLOW. LANlER
co 81 Nall-st New YORK, endorsed PROPOSALS FOR
MANCHESTER RAILROAD BONDS
Parties whose bids accepted Will be required e. pay
twenty per upon the amount awarded tothem upon
beng notified ul the acceptance of their bids and the re-
nander IN equal amounts the first DAYS Of September,
October November and December next but party vii
o, liberty pay full If desired Interest VII
commence from the day Di payment
le9tJyl0 WINSLOW LANlER co. % Wall-st.