New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-13
WILMINGTON and MANCHESTER

NM lIIhl NJ YIN anu MfA4NOll - IL
w RAILROADS.&C. 600 seven per cent MORT
GAGE BONDS-Sealed proposals will be received ty the
subscribers until TIT RSbAY the 10Th day Of July next,
for three hundred Thousand dollars Of frs and only
Hortgsge Bonds Of the Wilmington and Manchester Rail
road Company. bearing interest Al the If seven per
Chy Of NewYork the principal ola the lst June loo
The Bonds are IA sums Of OOO each, with c1uFons paya
bic at the chanls ianA Ne"-fotk on Inc ISL Deem
Der and st June IN each year convertible INTO the capital
stock Of the Company. at the option Of tho holders
They are sSitc under acts Of the Legislatures o. NORM
and South Carolina, secured by m0Ttgagc. or Deed Il
Trust, 20 Etward sanford, ESQ, Of NcwYork IN trust
for the holders Of the Bonds
The Deed Of Irust the entire line Of the Road
completed and 10 he completed from Wilmington, m \.
to Manchester, IN G., distance o. 6z miles c,stiug
when conn leed NTH heavy rail and 81 npped ]Ve
The extraordinary adaedness Of the country - the con-
StIuction Of railway accounts for this low cost .
The Trustee empowered ia Of 60 DAYS default IN
payment Of principal interest % take possession OF the
entire hne Of Road, with It's equipments stations moons
franchise, &c, the same 20 sell al ms discretion 10 1he
tsrest
The whole amount Of bond, authorized to be issued BY
Apni last and order Of the Railroad Board, s5OOOO
to rase means 10 Jay the residue Of the iron rails and equip
ments only S3O0O0O Of which offered for sale.
The COMPANY will owe no other debt when the road Is
This road will prove important link the great chain
Of railroads from Boston, NewYork and Phadol ia 70
New Orleans connecting Wilmington with the Rale gh
and Wilmington Railway, successful operation, az
Manchester with the great South Carolina Railroad leading
from Charleston the direction Of 1ngOmery, Alabama
now N the receipt Of million of dollars annually from
II. business Will AVOID the present disageeabe VOYAGE
from Wilmington 20 Charleston. shorten the travel 20 New
Orleans days time facilitate the mails, and viii bring
the South IN more immediate and direct communication with
The position ofhis Road connections North and south
s grades (uone over thirty feet to the mile freedom
from curves and cheap such to pnt At be-
yOnd the competition Of any other line Of road Tor me m
monSe inland travel between the North and Ne" Orleans
The greater part OF tIS Road a erseS me mos popl
and fertile portions II South Carolina producing cotton
corn sc great abundance. Its local business alone Will
census OF 1850 shows that the district q country
which Will be tributary Road, and dependent on l.
for transportation TO market produced IN lefy cVe 'u
sand bales Of cotton OF average weight each Of 40 b'
The Company has million of available stock 'uScrlh
ed most o when has been pad ~ ana applied tn coh'
ton which be added tine A. the option ~ the
Company $500 0O0 subscribed by the State Of North arc
It's estimated that the net annual profits will reach "a
About ono-haf Of the entire line has been graded and
bTdgod The CrosstoS being the course OF dch5ey and
Will be ready for the iron rails immediately. .,.
The entire huo under contract for grading and bridging
and IN a forward state toward completion.
SI thousand two hundred tuns ron rails pattern nave
been purchased and are IN the course OF delivery
S7Oo has already been expended IN construction
including payment for the raiis purchased -
It's expected thai about so miles from Manche''er Eat
and the entire line to Wilmington early next year.
The management Of this Road m highly respectable ana
couptte9t hands NO %CfS ~ te S9 t VI
For further and more pac9 lar information We reieI 20
printed Exhibit" giving full details Of the Road and ITS az
fairs which contains Map Of The limo with It's many con
nectons copies the Bond and MORTGAGE opinion Of Co
sell SC prepared by Gen W W Ilaee President Of the
COMPANY which may he obtained application AZ the Of
fee Of the Company At Wilmington G. or Of the under
signed by mail or otherwise, with any other information oe
sired
We deem the security a desirable ono The States OF
North and South Csrohns, aud the various OPERATIONS
chartered within their limits. Wuchhaye been borrowers "I
money have uniformly and under the most adverse cre1m
stances promptly met their pecunary engagements fuc
sentiment IN those States has always taken high ground ia
regard puncual ul6men Of public and private pecunay
obligations. ,
The S3OOOOO viii lie disposed Of absolutely and without
reserve 10 the highest bidder. 1900 OIL,
Scaled proposals. for amount not less than VVV WI
be the office Of the undersigned until CLOCK
Cd the 10Th OF July proIlmo. - 80, ,-,,,,,
Proposals. 10 be addressed 10 WINSLOW, LANIER =
Co 50 Mall-st New York, endorsed PROPOSALS FOR
W MANCHESTER RAILROAD BONDS
Parties bids accepted Will be required 10 pay
twenty per upon the amount awarded to them upon
beng notified of the acceptance OF their BIDS ana thr re-
naier in eoual amounts on the first days of Sepember
October November and December next but any parry "i
BE- ~ liberty to pay IA fun atonce desired interest," vi"
commence from the day Of payment , =,