New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-07-04
FINANCIAL.
xrr,, uNcTON and MANCHESTER

WILMINGTON and MANCHESTER
w RAuROAD-s3OO 600 seven per cent MORT
GAGE BONDS proposals VOL a, De reoey yea ny te
s~,se bundled thousand dollars of the first and only
Sosas, Bonds OF the Wilmington and Manchester Rail
"a Company bearing interest at the rate VI seven per
srs Sr anuu principal and interest redeemable IN the
CIV Of New.York; the principal on the lst June 1900
Tss Ionds are IN sums of 900 EACH with coupons paya-
AZ :, no Merchants Bank New-York. the lst Deem
her and ls, June each year, converupie mo the cd
ock Of the Company at the oliIn q me holders No,.
and south Carolina secured by Mortgage, or Deed Of
Tvst TO Edward ssndfoTd ESQ, Of New-York, IN trust
fs the holders Of the Bonds. -
tn Deed OF Trust covers the entire line Of the Road
sompeted and 20 be completed from Wilmington, M ~ C.,
40 Manchester IA s c. distance of 1862 miles costing,
whsncomte,ed with heavy rail and equipped 81 COOocs
The extraordinary adapedness OF the country to the con-
stre,ion of railway accounts for this low cost.
The Irusee is empowered Of 60 days default in
payment Of gmcpa interest 10 take possession OF The
entire hne Of Road with IT'S equipments stations income,
franchise &C the 20 sell at his discretion 10 tae
highest BIDDER for cash t. pay arrears OF principal or IN
Wisst
vote ohe ocshOlders at Ireene called for that purpose
IN Ap last and Of the Railroad Board 5000 600
nsn's only $500 600 of which nov offered for sale
The Company VIII no other debt when the road Is
ms read will prove important Ink IN ihe great chain
Of railroads from Boston. NewYogk and Philadelphia 10
~ Rsway now m sccessli opcraon al
Manchester with the great South Carolina Railroad leading
from Charlesn m the direction Of Montgomery Alabama
s IN he y,ce, NJ near a million of dollars annually from
rs business viii avoid the present dsagreeabe sea VO axe
Com Wilmington To Charleston shorten the travel 20 New
Orleans one day time facilitate the mails and VIII BRING
the South immediate and direct communication WIN
the North
lis easy grades tnone thirty feet 10 the mie freedom
from and cheap CONSTRUCTION such as 10 p II be-
youd the competition of other line Of road, Tor the I'M
ense inland travel between the North and New-Orleans.
The greater part Of this Read The most popuous
and fertile portions Of South Carolina, producing cotton,
&c great abundance Its albusmeSs alone wnl
npDort Il handsomely
which viii be- tributary 10 this Road and dependent on 1t
for transportation to market produced ia l8is seventy thou
sand bales e cotton o weight each of $50 his
The Company has million of available stock subscribe
ed mos, which has been paid III and applied to constuc
hon 10 which be added at any time al the option Of the
Company s2000Oo subscribed by the State Of North-Caro
Ina On certain conditions.
Il is estimated that the net annual profits VIII reach 70
About one half Of the entire line has been graded and
bfdgcd the crosstes beng the course OF delivery and
viii be ready ior .hc IRON rails immediately ,
The entire uuder contract for grading and bridging
and IN a forw ard state toward completion.
Sin thousand two hundred tuns ron fas, PATTERN have
BEEN purchased aud are in tn. course Of delivery
About sO GOO has alread, been extended construction
Rsladng payment i,T the rails purchased
IL Is eipsc:ed that about So miles from Manchester Et>t
VII be completed and IN operation IN the Fl OF this year
Tie manaremen, Of this Road IN highly respectable and
competent hands No work IN the South undertaken OF
projected meets with more putlIc favor than TINS
For further and par,c lar information we refer 10
printed EXHIBIT" giving fun details Of The Road and MS al
hs Which ccnainSa Map Of The line with MS many con-
sel nc. prepared hy Gen " " Harliee, President OF me
Company which he obtained application ~ the OIL
ks Of the Company at W9mngt"n c ~ the under
nned by mail otherwise, with any other Information de-
Sed
We deem Tie security desirable one The States oil
Esr.h and South Carolina and the various CORPORATIONS
Chartered within their limits. Which have been borrowers
nslsy have r my and under the most adverse ccnIn-
promptly met their uccUniary engagements Pubit
rtmslt those States has ALWAYS taken hgh GROUND n
rgd oIunctus tnlhlmeEt Of pnbc andprva'e peeunas
obligations
Ike S3IoeCo will he disposed # absolutely AMI without
rstr, 10 the highest bidder a,
Sealed proposals. Ter any amount NOT less than coo VII
te i.oeN,dM The office If te unde,ig"ed anal oi"cN
ga The lVh u 1uy pruNlno. - ,,, d.
Co, y Wal-st New lorA, endorsed PROPOSALS fOh
MANCHESTER RAlIEcAp BONDS.
Parties whose hds eptcd VIII be required 70 Jay
twtat per G,oE the ao9nt AWAITED 70 the IN nif
beng nothtd II the accetanc " theH hlts anu c re
hsadtf N equal amounts 'te frs dars ~ September
ovtcer, November and December uey' but any party WI
hahier'y "a pay full a. cnce u oesred Interest WI
commence ir,m the dsy oi payment -. 10
esuilQ WINSTON .LANiER 4 co y WHii-,i-