New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-11
FINANCIAL.
WILMINGTON and MANCHESTER
w RAIIRN a. 500 .non sa.an nar o.nt. MORr-

WILMINGTON and MANCHESTER
w RAILROADS. 100000 seven per cent. MORT
subscnhers ut;I Tit RSbAY tic 10TH DAY Of July next
for hundred thousand dollars Of the hrst and Only
ds o csHsa n heTe at f ae rate Of ,eyea per
per annum, p1ncpal and interest redeenabe IN the
The Bords sums If 200 each, with coupons paa-
bic at the Merchants Bank Ne~-ierk on the st Deem
and June each year, convertible INTO the capital
stock Of the Company nj the option Of The holders. -
Tiey are ss I'd under acts Of the legislature = Nert
and south Carolina secured by Mortga-e. Deed Of
Trust 90 Edward sanford Esq, Ct Nc"-York in trust
for the holders Of the Bonds.
The Deed Of Trust covers the entire Inc Of The R,9d
completed and 90 be completed from wilmington ia y c.
70 hanchcstcT IN ; Ca distance oi ~ HAes, Cg'as'
The extraordinary adapcdness Of the country 10 the con
slruction If a railway accounts for tins low cost
Tho Trustee orercd ~ 90 days default in
pay "i Rrl, iial ~ ~ ~ ~ 80. l..a,,. 49,.
franchise &c the to sell al ms discretion TO the
highest bidder for cash, t. pay arrears Of principal OF IT.
teIest
The whole Of bonds authorized - be issued ly
Apr last and an order Of the Railroad Board is S61Oo
toSase means 70 pay the residue % iht III q f a di-
mCnts. only $500 GOO which are now offered for sale
The Company VIII owe no other debt when TIE road is
completed
Of railroads Boston NeV-N0Ik aud Pnnde. pla -
New Orleans. connecting at Wilmington with the Raleigh
and Wilmington RAILWAY, successful operation. at
MANCHESTER with the great South Carolina Railroad leading
from Charleston in the direction NJ Montgomery Aaa
now the receipt ofnear million Of dollars annually from
rom wilmington 10 Charleston shorten the travel New
Orleans DAYS time facilitate the mails and VIII bring
the South IN more immediate aud direct Commune atom WIN
the North
The position Of this Road Its connections North dSonth
It's easy grades, none thirty feet TO the me freedom
curves ard cheap construction IS such rs 10 pnt be-
yond the competition any Other line Of road for the I'M
incnse INLAND travel betvefut the North art NewOreans
The greater lart Of tins Road treyerse te mos ppu'
and fertile portions of South Carolina, producing cotton,
corn &c fea, abundance its local business alone viii
axe census Of lao shows that the district u countr,
which Will be tributary To tins Road and dependent 9n u
for nslodalon 90 market produced M oi9 se'ent t""
sand bales Of cotton Of weight each Of i5Q lbs
The Company has million of available stock susir
cd. most OF which has been PAD m ana aptd 70 cons &
which be added at any time at the option ue
Company $2o COO subscribed by tno state Of North Caro-
It's estimated ina, the annual profits viii reach y
About onehalf Of the entire line has been graded and
hrdged, the cross-cs being M the course OF delivery AMI
will be ready tor the iron rails immediately
The line under contract foI grading and bridging
aud IN forward state toward completion.
thousand two hundred tunS lrun rails, pattern nave
been purchased and are in the Ifsf Of delivery
About 500 600 has already been APPENDED IN construction
includng payment fur the rails Irclasod
It's expected TIA, about go miles from Manchester East
Will he completed and operation the FAN Of this
The management Of this Road highly respectable and
projected meets with more public favor than TINS
Tor further and particular information We refer to
printed EXHIBIT giving full details OF the Road and ~ Al
ilrs which contains Map Of the line with many
necons copies OF the Bond and Morsast opinion Of Ceu-
,el Sc prepared bv Gen W W Harlee President of the
Company, which may be- obtained on application al th' OIL
fce Of The Company at wilmington y Cor OF the under
sired.
We deem the s,cuIl!y ocs , h one 80
chartered within their limits, whcihave been borrowers h
money have uniformly and under the most adverse cIc IN
stances promptly met their pccunary engagements FuNc
sentiment those States has always taken hlgh ground IN
regard opunctual uhlment Of public and prsie pecuhy
The $500 eco will ne disposed Of absolutely and without
reserve 10 the highest bidder. ,
Sealed proposals amount not less than lVOV VIII
he received At the Office of the undersigned until octN
on the 10Th of JulS plUN1no. - -. . ,-,,.r
Proposals. to Ice addressed to WINSLOW, LANlLR
co 20 Wallet. NeW-YoTk, endorsed " PROPOSALS Fox
W ( MANCHESTER RAILROAD bonds,
Parties whose bids accepted Will be required " 1d
twenty uor cent upon the amount awarded 70 hen "oh
t"ne fc6 II tic acceptance Of their bids and the
rnnlIder III QCual the first days OF September,
october. November and December next out any par! VII
he AZ itrv t. ay IN full If desired Interest will
commence from the day ot payment. 1870. ,,
eetJvs WINSTON. LANlEk 3 co, y WdlS