New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-30
FINANCIAL.
Seahoard AMI Roanoke Railroad
$35O.OOO , SEVEN IN PER PER- CENT Mt:

R0sJO.OOO MORTGAGE BONnS Sealed
proposals Will BE- received by the subscribers until Saiur
day, the 3lst day Of MAY. instant, for THREE HUNDRED
AND FIFTY THOUSAND DOLLARS Of the hrsi and
only Mortgage Bonds Of the Scaboart Roanoke Raul
road Company bearing per cent per annum interest,"
and rcdeemable At Merchants aak the City Of New
York. On the Isl Of August. 1850
These Bonds IN Of 90 each, with Coupons
attached PAYABLE the Merchants Bank. IN The City Of
NeW-York. on the lst of each February and August
These Bonds issued under auihonts Of SPECIAL acts
Of the Legislatures OF Virginia and North Carolina, and
secured by mortgage executed 70 John Palmer ESQ
Of the City Of NewYo-k. trust for the Bondholders
This mortgage covers the line Of the Road irons
Norfolk Virginia South Castor the Roanoke River IN
North Carolina miles which will have ecs.
when completed acs.s tie o'1Saai oGss, 81 800
eand the trustee cmTowcred Ct sixty days de-
fault tie payment 81 afcr,sf principle Of the bonds TO
possession or and sell the whole part Of the
same including the franchises and property Of the
Company Of description. acquired OF hereafter 10
be acquired
The Whole amount OF the Bonds authorized 10 be issued
Is four hundred thousand dollars Of which the amount now
offered sale has been ISSUED by the Company payment
Principally Tor the heavy a!s with which the Company Is
now reaying their track
This heavy rail- Cor The whole distance 20 niles u
now on hand3O miles Land and operaticn-and the
company IS actively engaged laying the remainder - as
10 complete the Inc to weldon 90 mles IN July Of the
the year
The seahoarl ard Roaoke Railroad forms par, Of the
Grea, Southern Route from NewYorS, Philadelphia, and
Baltimore to New Orleans, connection with the line a
steamers now running from Baltimore 20 Norfolk
line Of Steamers Is now running from Philadelphia TO
Noriolk.
Two lines OF bcing built to run from
New York to Norfolk. 10 inmence running early N July
nc, one Of these hines be OF the first class Of pas
s,ngcr steamers lOO uu> burden and the other line OF
propellers
The connections Of thus rnnd such Ia secure for
an ample amount Of business unios at Weldon with the
Railroad Wilmington. it0 miles length which has ust
been re- laid with heavy rail untes At South Castor
with the Railroad Raleigh 50 miles long, which - also
about to be- relaid with heavy 7 rail
Al South CASTOR It will receive the immense productions
Of the extensive and fertile valley Vi the Roanoke, which
are brought that point by the Roanoke Navigation Com
pany who have expended four hundred thousand dol
lars in improving the NAVIGATION Of the Roanoke aud It's
tributaries.
The harbor Of Norfolk and Portsmouth well known to
be- one Of the best m the United states and will thus be
connected by the Soaboard and Roanoke Railroad aad ITS
connecting lines with ample extent Of territory wMch
viii insure to the road an abundant business
map exhibiting these connections, showing also other
lines NOW m rapid course Of construction, by which con-
tnnous line Of railway Will be extended from Norfolk
10 Mobile and New Orleans the South and to the Valley
OF the Mississippi at Memph. the West, may be obtain
ed of the undersigned
An Exhibit" giving full account Of the read and ts
affairs copies Of the bond ana mortgage, and the legal
opinions Of Judge John Mason of Virginia &C accom-
paucs the map Mud may be obtained upon Application TO
John Palmer Esq the Merchants Bank or TO Messrs
Wnslow, Lanier Co, by mail OF otherwise, who VIII
furnish any further information which may be desired
as confidently believed thai the Bonds offered for
afford of the safest and most desirable securities IN
the market
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
now offered for sale
The entire offered VIII be disposed OF absolutely
aud without reserve 10 the highest bidder.
Sealed proposals for any amount not less than 900 VIII
be reciyod al the Office Of Messrs Wmslow Laner Co.
until o'clock on the thirty first day Of May, 1851
Proposals to be addressed 10 WINSLOW, LANIER 4
co 81 wAII-sr ,NEw-YoRK. and endorsed Proposals
for s II X Bonds"
Parties whose bids accepted Will De required to pay
twenty per cent upon the amount awarded TO them me-
daley upon being notified Of the acceptance Of Their BIDS
and the remainder equal amount the frs, days ofJay
August September and October next hut any party viii
be at liberty to pay Fan Interest viii commence
from the day Of payment
myI9t9i WINSTON. LANfER x CO, 50 wall-st.