New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-09
bearing y cent interest and convertible into stock.
principal and interest," payable IN New York

YIN. StVNAf
principal and interest," payable IN New.York
The Bonds are IN sums Of : 600 each. with cOu-
ponS payable AZ the Merchants Bank New-York on
The Isl December and lSt June IN each wear. con-
yerub.e into the capital stock OF he Company. Al
The option OF the holders They are issued under
acts OF the legislatures OF North AM South Carolina.
secured bY Mortgage OF Deei Of Trust. "a Edward
SANFORD ESQ Of NewIOrS. M trust for the holders
Ot tho BondS. The Deei Of Trust covers the entiye
line OF the Road completed ant % be completed from
Wilmington, y. C.. 20 Manchester. :. e., distance
Of l62 miles. costing. when completed with heavy
/ rall and equipped, : .ooAo0 The eXtrAOrtnary
ad2piecneSS OF me country % the construction OF
railway accounts Tor ms lOw cost The Trustee IS
empowered. in case Of 60 days default IN payment 81
principal or interest, 90 take possession N the entire
line OF Road, with IS equipments stations income.
franchise SC. TIE - sell - hiS discretion 10 the
highest bidder for cash 10 pay arrears OF principal OF
interest The whole amount OF bonds authorized %
ne issued by vote o. the stockholders a meeting
called Tor that purpose IN April lass. and an order OF
the Railroad Board IS $6000l) 10 raise means - pay
the eSdue of the irol rails and equipments, only
s3tcOoOO OF which are row offered tor sale The COM
pany vii owe Other debt when tac road IS COM
picltd ms road VII prove An nm lthI tnA IN tle
great cham OF railroads from Boston view ork and
Philadelphia 20 New Orleans. connecting ~ WI
mlncton with The Raleigh and Wilmington Railway,
now IN successful operation, al Manchester with the
great South Carolina Railroad leading from Charles
ton IN the direction OF Montgomery. Alabama. now
IN The receipt OF near million OF dollar annually
from rs business Will avoid the present S0reesble
sea voyage from Wilmington 20 Charleston, shorten
The travel 10 Ncw-OrleanS one DAYS time. facilitate
the mails and WI bring the South no moro immediate
and direct communication with the North The POSI-
uon or ulS ROAD, Us connections North ana >onth us
easy grades none thirty feet 20 the mlic freedom
from curves. and cheap construction, il such rs -
put It beyond the competition of any other line OF
road. for the immense inland travel between the
North ana New Orleans. The greater part OF this
Road trayerSeS the most pOpulouS and FERTILE por-
tlOnS of South Carolina producing cotton, corn, SC,
IN great abundance It's local business alone will
support u Handsomely The census of 1880 shows
that the district of country which will be tributary 20
this Road. and dependent on II for transportation 10
market produced IN lS49 seventy thousand bales OF
cotton, OF an average weight each Oh 40 IDS. Inc
Company has one million OF available stock sub
Scrhed most OF which has been paM m and applied
20 construction, 10 which can be added n any time
- The option 90 The Company Ss00O00, subs r0ed by
the State of North Carolina on certain conditions II
estimate hat the net annual profits will reach ~
per cent. per annum. About one half OF the entire
lue has been graded and hrldged, the cross ties be-
ING I'D the course Of delivery and will boz ready for
the non rails immediately. The entire line 10
under contract for grading and bridging, And IN
forward state toward completion SIX thousand
Two hundred tunS IRON rMlS / pattern nave
been purchased ana are IN the course OF delivery
About $,0uOO has already been expended IN con
StTuctOn. including payment tor the rails purchased
II is expected that about ~ miles from Manchester
East viii be completed and IN operation IN The FAN
OF this year. and the entire line 20 Wilmington early
next wear The management of IhS Road Is M high
" respect able and competent hands NoworN m The
South undertaken or projected meets with more pub
lie favor than tins For further and more particular
information capitalists are referred tO "A printed
Ext Dat" giving hIll details of thc Road and rs ar
flrs. which contains i Map of the line with ltS many
connections. copies of the Bond AMI Mortgage opn-
ION OF Counsel, &C., prepared ~ Gen W w hrl-
lee, President of the Company. winch may be OBJ
tMncdon application at the Office Of MeSSrs. WINS
low, Lanior K Co. - Wall-St. by mail or otherwise.
with any other information desired We deem the So
curly adeSirab.eOn The states OF North and South
Carolina and the various corporations chartered with
IN ihcir limits which have been borrowers of money,
have uniformly and under the most adverse circum-
stances promptly met their pccuniary engagements.
Public sentiment those states has always iakenhigh
ground IN regard TO punc tual fulhmenl 81 public and
private pecunlary obligations. The SSOOOo VIII De
disposed OF absolutely and without reserve 20 the
highest bidder. Sealed proposals. for any amount
not less than 81 600, will De received at the Oihce of
Messr~ WmSi0w Lanier " Co, - Wall.st, until
O'Clock on the 10th OF July previous. Endorsed
Proposals tor W. & Manchester Railroad Bonds.
Parties whose bids are accepted will be- required 10
pay twenty per cent. upon the amount awarded to
them upon being notified OF the acceptance OF their
bids and The remainder IN equal amounts on the first
days Of September, October November and Deem
ber next, but any party will be at liberty 70 pay IN
full II desired. Interest Will commence rom
he Ian All