New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-12
and MANCHESTER

w RAu,RoAD-S3c seven per cent MORT
SASh c eIS Dh THURSDAY the lOh day Of July mkt
90 ,S.@e hundred thousand dollars o. The hrs and ony
Mortssrc Rones Of Tie Wi.mason aae ManoeesteI lai
cent rcr annr prnc pal ard interest refeemabe N the
90, ii New Nork, Tire principal on the 1T June, 1915
1Ie Fonls are Of 900 earh with coupons paya-
III. al the Merchants Bank, YORK the 1t Deem
a. or he COMPANY at The o .,on Of he holders
They s 81 under acts Of the LEGISLATURES u North
aud uth Caro..ns, secured ly M.rgase Or Decd Of
Trust. EDWARD sanford, Esq q NcwYorG, n trust
for &c hoccrs q The Bonds
Tho Deed Of Irus, covers ne entire line Of he ad
ccmlCtCt and o. re .ctCd from Wilmington c.,
70 Manchester. m C., distance Of lS3 miles, costing,
when orplcod with heavy ail ans equipped, 81 tN ~"
The extraordinary -daqtednes OF the country the
siructnn Of railway accounts for this low cost
Tie Trustee - empowered Of 90 DAYS default IA
payment Of principal or ntecrst 70 take possession Of
euure lue Of Rod VIII r. equipments stations noo ne,
highest bidder ior Casa, t. arrears Of prno Il
teIost.
The who.p amount Of bonds au,Aerzod to issued ~
vote Oftko stockholders a. WccLc called t. that purpose
IN April last and order Of 'he Railroad 0ard $500 90
ntn,s oniy S3sfc6 Of which ~ now offered for ssie
The Compent viii owe neo1hcr de1t when the road
qsls road vii prove Important link in the great chan
VI railroads from Boston New-York aud Phade pha 70
Orlems conhcciiT' al wilmington WITH th" ialeil
and Wis ngion ksivsy, now IN successful operation al
from Charleston IN u dlrtculn OF m0ntsOnen Alabama
now IA hc RECEIPT ofuear million Of dollars annually IRON
from Niimng"nto ChaIies H. shorten the travel 70 New
orleans days time facilitate the mails ana VIII prng
fc position fhs Road its connections North and south
itsessy grades, (none trty feet % the mie hepm
fm curves I'D cheap such ~ - pm 10 e-
End he ca,eton Of any osh,r lne Of road, for the
.ense oI, tayel vyeSn the North aud New Orleans
The erea part ths Road the most pcpulou'
End fert.L portions Of south Carolina, producing Co'toh
com &c ia abundance It's local business alone VII
ns1s 81 IS56 shows that the district Of counry
which III be tributary Tins Road and dependent on
for transportation 20 market produced m lSi9 seventy thou
sond hcs Of cotton weight each If 40 rs
The Company mas one million OF available stock upscn
ton TO added srU NJ the option II The
Company 500 eco subscribed 10y the State Of Nofth-Co
lima certain conditions
II is estimated that the net annual profits viii reach u
About one-half Of te entire line has been graded and
bfdged. the CroStcs being n the course OF delivery ana
Will be ready for the iT,Gl rails Immediately.
The entire Inc under ontract for grading and bridging
and in a forward state toward completion
teen purchased and ere IN the course Of delivery.
About s70O0O0 has already been expended IN construction
including for the rails purchased
II expected that about 30 miles from Manchester East
will completed end N operation IN the FAN Of tins year
and the entire line 10 wilmington early new year
The management ri tins Road s m highly respectable and
competent hands No work ~ the south undertaken OF
projected meets with more public favor than tins
For further aud moFt parc,lar information we refer %
FAIRS which contains Map Of the line with ITS many con
nectons copies OF the Bond ana m1rtgase opinion 81 C9.n
zee afttc Co%pany a Wilmington { or Of the under
signed by mail OF otherwise with any other information de-
We deem the security a desirable The States Of
North and South Carolina, and the various corporation.
chartered within their limits Whchthsve been borrowers OF
money have uniformly and under the most adverse crcm
promptly met their pecunary engagements fuc
sentiment those States has always tai en- high ground ia
regard opunctual tohiment 81 public private pee
obligations , .
The S3OOCO0 viii be disposed Of absolutely and without
reserve to the highest bidder ,,
Seaed proposals for any amount not less than 81 CO.. will
received the Office Of the undersigned until O'Clock
the 10th Of July proxlmo. --...,
PrWosals 70 he addressed 90 WINSLOW, LANla,R X
co So Wall-st New York. endorsed " PROPOSALS. FOR
W x MANCHESTER RAILROAD bonds
Parties whose bids accepted Will be required TO pay
twenty rer upon the amount awarded TO them upon
beng notified of the acceptance of their bids and I
mairder equal amounts the first DAYS of September
October November and Deoember next but any party vi"
be- liberty pay fun atonce II desired Interest VIII
commence from The day of payment.
ie9t 1.-TWO WINSLOW LANlER CO, - Wall-st