New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-07
FINANCIAL.
WILMINGTON and MANCHESTER

WILMINGTON and MANCHESTER
w RAILROADS.&C. 600 seven per cent MORT
GAGE BONDS-Sealed proposals. VIII bc received by the
subscribers until THURSDAY the 10Th day OF Jul next,
or three hundred thousand dollars Of the first and only
Motrge Bonds of the Wilmington and Manchester RAIL
road COMPANY bearing interest II the rate # per
per annnm, principal and interest iedeem-hie IN the
CITY Il NewYOrk the principal on the st June. lSth
The Bonds are IN sums Of cOeach with coupons iaya
BE al the Merchants Bank, NewYork on the Isl Decem
Der and LIST June each year convertible into me capital
stock Of the Company, at the option Of TIE hooters -
They issued under acts OF the lcgisa'ureS 81 N9th
and South Carolina secured by MORTGAGE. or Deed Il
Trust, to Edward sandioTd, ESD OF New-iors IN trust
for the holders Of the Bonds n,
completed and to completed from WILMINGTON. IN " c,
Ia Manchester, IN G., distance OF io' miles costing
when with heavy all and equipped 6OOOoo
The extraordinary adaptedness of the country 10 the con-
strctlon Of railway accounts for tins low cost
The Trustee empowered, IN case Of 90 DAYS default m
payment principal interest 10 take possession Of the
entire lne of Road with IFS equpn'n ts stations income
franchise &c the same 10 sell At ms discretion To the
highest bidder fer cash. 10 arrears II principal or IN
ssfest
The whole amount If bonds authorized be issued hy
oihc stockholders al meeting called for that purpose
In Apn last order Of the Railroad Board 0OoOO
o. raise pay the residue Of The rails and equip
Eents only 100000 of which now offered ior sale
The Company will no other deb, when the road IA
completed.
Of Railroads Boston, New-Nogk and Philadelphia 10
K.w-Orleans, connecting ~ Wilmington with the Raleigh
and wilmington RAILWAY nov IN suCctS>iul yperS,i"h AZ
Manchester With the great South Carol ma Railroad leading
from Charleston IN The direction 81 nmgomNy, A{sS>@@,
the receipt million of dollars Annually from
IL business viii AVOID the present dsagreeae SEA wage
Whining Charleston. shorten The traNti 10 New
Orleans days time Ctate the mails and viii BRING
the South IN Immediate and direct communication with
the North
The position Of this r, ad It's connections North and South,
grades (none THIRTY feet 10 the me freedom
from aud heap construction such as TO pui II be-
you'd the competition OF ANY other line II road lor me I'M
inland travel between the North and Ncw-OTeans.
The greater part Of tins Road rayerses the most populous
and fertile portions Of South Carolina producing coii
corn &c IN great abundance Its local business alone wl
Inc census Of 1850 SHOWS tha, the district If country
which viii be- tributary 10 this Road and dependent on II
Ia market produced IN Si9 seventy thou
sand bales Of cotton o an average weight eaeh o ioO os
The Company has million vi available stock subscribe
ed most OF which has been paid and applied TO consirnc
hOn 10 which be added at time at the option VI The
Company 100000 subscribed by the State Of North Caro-
bna On certain conditions.
It's estimated that the net annual profits wll reach "a
About one-half OF the entire line has been graded and
bdged the ties being IN the course Of delivery and
viii be ready for the mon rails Immediately
The line under contract or grading sind bridging
and IN forward state toward completion
Sa thousand two hundred tuS iron rals, pattern have
ksapurchased and are IN the course ofdelTep
About 100000 has already been eNpeEdtd ia construction
including payment for the rails purchased
hssipecied that about so miles from Mspoheser East
Will completed and IN operation IN the Fall Of thus year.
and the entire line to Wilmington early mex, year
management Of this Roads m highly respectable and
sompe,sn, hands No work IN the South undertaken OF
projected meets with more public favor thanthis
fT further and more particular information we refer TO
printed Exhibit giving full details Of the Road and IT'S AZ
hrs which contains Map cf the line with us many con-
bsons copies O the Bond and Mortgage opinion II Coun-
eel &c prepared hy Gen W " Harllee President of the
Company. which may he obtained application at the Of
nee ofths Company at Wllmnson c OF of the under
nsned b mail otherwise, with any other information de-
aired
W. deem the security desirable one. The States of
north and South Carolina, and the various corPosations
Chartered within their limits. which have been borrowers Of
menty have uniformly and under the adverse ci-cm
s.ees promptly met their peomnary ongagemen's Puhlc
sentiment IN those States has always taken high ground
regard punctual hneut II pGhhc and private pecunary
eNlga,lOns
The SSeo eco viii he disposed II absolutely and without
tssne 10 the highest bidder
Sslsd proposals. Tor any amount less than - eco viii
al The II gn.l4
ca The 10Th u J0ly proNmo.
PsoIcSss g. be addressed g. WINSLOW, LANlER s
W, y WaN-st, New-YoIk. endorsed PROPOSALS kot
"NMsNChEsrER RAILROAD BoNps"
rStts whose bids accepted VIII he required 20
sehV fef cent upon the amount awarded 10 them upon
hsuted Of the acceptance ot their bids. and the
Lander equal amounts The first DAYS OF September
Snoer November and December next, but any party VIII
1hnery 10 pay IN fun NJ once # desired Interest viii
"o,heact frCsn the day al paymen,
fsuiM WINSTON. LANIER n co 50 Wall-st.