New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-02

Panama Railroad Company
GnHA HslA SEVEN PER CENT.

Panama Railroad Company
$500. OOO c SEE EN- sd PBR . CENT
INTO Stock within five Sealed proposals VIII be
ceved II the Office Of ms Company is Broadway IN the
not exceeding Nine Hundred Thousand Dollars Of the
first and only bonds Of the Panama Railroad Company pay
able on the first day Of July 1876
The bonds fr 81 COO each, dated July 1851 with IN
tercs at seven per cent per annnni pa abe haliyeary
the city Of New York and convertible into stock al
any time before the first day Of july 1876 They are issued
N pursuance u the act o. lncorp95,ln u ihe 1on9ah'
passed by the Legislature Of the STATE Of NewYork sec
The said corporation NAV borrow from time 10 time .nch
of money may he necessary complete SAID
road and for the other purposes authorized by tins act IN
actually paid IN and may and dispose Of their bonds
for borrowed and are hereby authorized to
any part Of Their corporate property and pry
Directors may confer the holder OF bond they
sSuc Ia ann D,oncy so lorsued the rsi to convert ths
PRINCIPAL due thereon INTO stock Of the SAID corporation At
ANY tue not exceeding Eve Yeas from the cate OF sad
bond under such regulations Us the Directors may see n
20 adot and for such purpose. the SAID CORPORATION
hor1cyrf cnevcr -, orsens or a-v Of them 10 whom
. .Sca money i du' 'n' 'e'' 20 convert '' same 0
one million Of Dollars Of the Capital stock Of the Com
psny has been subscribed and than S90GJ actually
The section Of Railroad from Navy Bay To- Gorgons q
miles. 1t believed will be completed by the ls OF Sep
twenty miles viii be in operation in July
The section between Gorgona and Panama. 10 miles has
been surveyed and located and part Of the rails are already
Panama II for this section that the money for the
Any Of lie present Stockholders making proposals as
above Will he entitled toakc par Bonds % the extent Of
respectively and the amounts not thus taken
Will he sold absolutely to the highest bidder but no offers
below par Will he considered
Parties whose mds accepted Will be required % paw
per upon The amount awarded 10 them on the
s day II July and the remainder n instruments 81 twenty
pei cent every two months thereafter.
Bonds viii be ISSUED when required for payments mads
beyond the fIst Samont but every party will be al liberty
pay full al Interest VIII commence from the
time Of payment
The Company the right Of default ma pay
mcLt Of ;ho instruments 10 resell the bonds az the sh aud
cNTcnsc # the PARTY making a. faux.
Tins Company by grant from the Republic OF New era
naOa possesses very liberal nights and lmnunltleS, and
among others the CrcNSCC yrcCc n establishing and con
railroad the sthmus Of Panama, iOrty-nne
from the completion OF the road during which penod
the Government binds itself permit any other car
mage road Aacadanzed Of plank Of any other cas
which NAV Tor the Of wheel-Carragcs, between
the Oceans the lsmus Of Panama nor 10 per
any person persons b0Ht he consent Of the Rairodd
Company. to make canal ACROSS the SAID lsthuuS
No road exists superior 20 amulc path TIE Hfnfra-
az Of f lStnHS Of Panama guaranteed bg r Govern
nCRf OF ne United States
NotaIoS or contributions Of any kind can be imposed on
the road by the Gov Of New Granada nor upon
passengers. duties Oh property II any And trans
ported across the lsthnuS upon the road
Any further information required may be obtained M the
office uf the Company New York. 3trh May, 1881
CORNELIUS W LAWRENCE, Prest pro tenn.
FRANCIS SPIES Secretary. my3nJoh