New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-30
WILMINGTON and MANCHESTER

w RAILROAD 900 seven per cent, MORT
s q
ir three hundred thossnd dollars OF The hrst and only
road Company bearing Interest at the rate ii seven per
cent per anngm principal and interest reeemahe IA the
The Bonds are Of OOo each, with coupons pays-
bic the Merchants Bank, New York, the Isl Dscem-
Der and LIST June in each year. Convertible into the capital
stock Of the Company az the option OF the holders.
They issued under acts OF the Legislatures II North
Trust, Edward sandford Esq Of New-York in trust
for the holders Of the Bonds
completed and TO be completed from Wilmington. N G.,
70 Ma"oSes IN g. saaIs % ss , ,ss
The extraordinary adapteness oi the country Ia the
structon of a railway accounts for this low cost.
The Trustee Is empowered, Of 80 days default in
payment OF principal er interest TO take possession Of tho
entire line Of Road, with its equipments statgs INCOME
franchise nc. the TO sell his discretion TO tbs
highest bidder for cash pai arrears Of principal or In
tsTest.
The whole amour, Il bonds authorized he ssued by
vote ofhe stockholders at meeting called for that purpose
20 pay the residue o the rails and equip
nsnts, only $500 0o6 Of which offered for sale.
The Company viii owe no other debt when the rad ~
completed
This road will prove important link the sa, cham
New Orleans, connecting at Wilmington with the Raleigh
and Wilmington Rail~ag. successful operation, at
from Charleston N the direction Of Montgomery, Alabama.
s"S IN ne reSe' o. ns,t 81 dollars Annually RON
from Wilmington to Charleston shorten the travel 90 New
Orleans days time, facilitate the mails and will bring
the South immediate and direct alton with
the North.
IFS grades (none thirty feet 70 the mile freedom
from and cheap construction, is such 20 pn be-
yOnd the competition Of other line u road for the ia
mense nlandtHEel between the North and New Orleans
The greater part OF this Road rayerses the populous
fertile portions Of South CaTohDa producing cotton
corn great abundance LIS local business alone will
SUPPORT Il handsomely.
The Of 1850 that the district Il country
which vii be tributary g. this Road, and dependent
for 70 market produced IN 1919 seventy thou
The Company has million u available stock subscribe
ed most Of which ha been paid n and applied 70 consruc
on 10 which can be added AZ any tine al The o0n u the
Company s2000o0 subscribed y the State Il SarhCaTo
IL Is estimated that the net annual profits s, reach u
per cent. per annum
half Of the entire line has been graded and
ondged the crosses beng IN the coase Of delivery and
VIII be ready for the Ton rolls immediately
The entire lne under ntact Tor grading and bridging
and IN q forward state evard completion
Six thousand two hundred suns ron rails pattern, have
been purchased and m the course II delivery
AhOnt 10000 has alrenh been ended construction,
iIc ludpg payment for the rule purchased
Il eaDecteG that about o. niles from MANCHESTER East
and the entire line 10 WiimiHgt0n early neE year.
The II tins Road hghly respectable and
projected meets With more public favor than this
printed E1ib GIVING fIi details 81 the Road aud ia AZ
fairs, which contains Map II the line With is many con-
sell kc pref ared By Gen " " HaTlee President Of tbs
Conn which may o oftned on application - the Of
fee Of the Company al Wnn4 c, ~ u the under
signed BY mai Otherwise nh any other information de-
sIed
North and South Carolina and the sanous cofpDratioAs
chartered within Their lm vicLgase been borrowers u
money have uniformly aud gnler Tie ost adverse circlm
prOTapY met Their pe,niary engagements Public
senmst m those Staies hs always taken nigh ground
gard prnegal sldsat u lbe and prsIs pecuniay
obligations,
The $500 ooo VIII be d. 1sei of absolutely and without
reseve @ the highest b.1ief
sealed proposals. Tor any an INT not less Than go Will
Be received az the Office 4 ' undersigned MI o'clock
IN the 10Th u July proNlmr, - -
Proposals 20 re- a,ldressss o. WTNsLOW, LANIEK
co 81 Wall-st keW-Y0rA endorsed PROPOSALS. FoR
" AA.CEEsTFR RAILROAD bOsDs
Parties whose bids se ccegied vii be f.q1ifed 70 pay
twenty 1sr upon the ant awarded 20 then upOe
beng nfsd u the acceptance II their BIDS and the re-
BsIder equal the nrst days 81 September,
Octner November and December neKt, but party viii
al liberty pay f1 a. II desired lssrsst vail
FROM the day u yayisent
eStJgIo WINsLOW LANIER h co. "a Wall-st :
nWIDEND.-NeW-York and Harlem
RAILROAD Company The s.rth SEM nlal DIVIDEND
the Preferred Stock Il h. Company a, the rate Of egh,