New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-12

pEsy bearing seven ceot per a'num Interest and re-
deeuable Al The hsrchsnS Baak IN ne City Of New Yorh,
on the Let Of August 1854
These sOods in Of 81 900 sach, with Coupons
attached, psysbls The Msrchsnu sanR ia he City Of
Nev-York, 90 he let OF each February and August
These Bonds ssusd under authority - special aeis
OF The Legislatures Of Virginia sad North Carolina and
secured bys mortgage exeeated to Joba Palmer
Esc Of the City tNswYOGk IL UusI TOR The lodhods
rhs mortgage covers the entire nne Of he Road from
Norfolk virginia South CASTOR the Roanoke river Ia
Nohc srouna adissace OF % mites which viii have cost
when completed pcud Il the original outlay. over 81 500.
ooO-ard The trustee empowered IN case Of sixty days
deku The pSymeE OF interest or principal Of the o0nds
take possession Of and sell the whole any ps Of
the sane including the franchises neonssAni property
o. The Company OF every description, now scqaired or
hereafter TO be acquired.
The whole Of the Sends authorised 70 b ssaed
10 four hundred thousand dollars Of which The amount
offered for sale hAs been ssaed By the Company 10
payment principally for The heavy rsI with which the
Company 10 now relsylng their track.
Ths heavy T rail for The whole distance. 90 miles 10
hsnd-5o miles are laid and 10 opersnon-snd The
company actively engaged ia laying down the remainder
90 ~ to complete The line wedeu, so mes IN July Of
the present year and TO South Gsso1 90 miles BY the
close OF the year.
rhe Seabond Roanoke Railroad forms part OF tbs
Great Southern Route from New-York Philadelphia and
Ba imore to New Orleans IN connection with the Inc Of
Steamers pow running rom Baltimore to Norfolk.
line OF Steamers ia now running from Philadelphia 10
Norfolk,
Two aes OF Steamers are being built to from
NewYork to Norfolk to runnsg early 10 July
next One Of these lines 10 10 be Of The fret class Of pss
senger 100 burden, and The other line Of
propellers.
The connections OF this Road such for Il
ample smount OF business; unites w eden with the
n.flr,
jaH been re-lAd with heavy rail; uuises at South
Gson with Railroad Raleigh IS miles long, which
Is also about to be re-laid with heavy rail.
At South Gasion will receive the immense productions
OF The extensive and fertile valley OF the Roanoke which
are brought that point by the Roanoke Nsv gsloa Com
pany expended four hundred thousand dol
srsin improving the navigation OF The Roanoke and 10
tributaries.
The hsrbor Of Norfolk and Portsmouth is well known
be one Of in theU States and will thus be
connected By The sesbosrd and Roanoke Railroad and lie
connecting lines with ample extent Of territory, watch
will epiure to the road 80 abundant business.
map exhibiting these connections, showing also other
lnes In rapid Of construction by which
unuous line OF railway will be extended from Norfolk
70 Mobile and New Orleans The South and TO the Val
ley OF the Miisssppi Al Memphis the West may boob
tanned Of Messrs. w. l.. h Co.
An Exhibit giving full Of he road and ts
affairs copies Of the bond and mortgage, aud the legal
opinions Of Judge John Mason, OF Virginia sc accom-
panes lie map and may be obtained upon application %
john Palmer Esq, 81 the Merchants Bank or to Messrs
Winilow, Lanier & Co, by mail otherwise, who viii
flrnish any further Information which may be desired
II is confidently believed that the Bonds offered for
afford OF the safest and most desirable securities
IN ih6 market
The entire amount offered win be disposed Of absolutely
and without 70 the highest bidder.
q u
be received the Office OF Messrs. Winsow, Laner
Co until O'Clock on the thirty hrst day OF May, 1851.
Parties whose bids accepted will be required TO pay
twenty per cent upon the amount awarded them imms-
date upon being notified OF the acceptance Of their bids
and the remainder in equal amounts ths first days Of
July August September and October but any party
viii be liberty pay IN full az Interest will
mence from the day Of payment.