New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-17
Sesbosrd and Roanoke Railroad.
S350.OM SEVEN SEVEN PER sGE0s CENT INT;

proposals will be received by the subscribers unt sasur
day, the day Of May instant for THREE HUNDRED
AND FIFTY THOUSAND DOLLARS OF the first and
only Mortgage Bonds OF the Seabosrd Roanoke Rsii1
rosd Company bearing per cent annum INTEREST,"
and redeemabe At the Merchants Bank in The City OF New
York, on the lE OF August, 1860.
These Bonds are n sums Of 81 900 each with Coupons
attached payable al the Merchants Bank, IN he City Of
New-York on the Let OF each February and August
These Bonds are Issued rnder authority Of special Acts
Of the Legislatures OF Virginia and North Carolina. and
are secured by mortgage executed to John l. Palmer
ESQ of the City ofNewYork IN trust for the Bondholders
This morttsge covers The entire line Of the Road from
Norfolk Virginia to South Gsson on the Roanoke river 10
North adistsnce Of % miles which VIII have cost
when completed, including the original outlay over sl
OOe-ard the trustee ia empowered in OF sixty days
default the payment Of interest or principal OF the bonds
to take possession o. use and sell The whole or any pa OF
the same including the franchises income and property
OF the Company Of every description, now acquired or
hereafter to be acquired.
The whole amount Of The Bonds authorised 10 be Issued
IL four hundred thousand dollars Of which tue anodn
now offered for sale hss Issued by the Company 10
payment principally for the heavy rails Wn winch VI"
Company - now relsying their track.
This heavy 7 rail for the whole distance 30 m"es
now on band-5O miles laid and In opers.ion-aod NE
company actively engaged laying down 1ae remainder
90 a. to complete the line 10 Weldon 80 miles In July Of
the present year, and 70 SCUM Isslop W h9' y VIC
close OF the year
The seaboard Roanoke Railroad forms part OF tbs
res, Southern Route from New-York, Philadelphia and
Baltimore % New Orleans, In connection with the line
Steamers row running from Baltimore to Norfolk
AIne OF Steamers is running from PhiadephIs TO
Norfolk.
T,o lines Of Steamers are now being built 10 from
New. York to Norfolk runnisg early 10 July
next One Of these ines TO be OF the hrst class OF pas
.a.rar. TINS burden and The other line o.
propelleTs.
Fhe connections OF this Road such a. TO secure Tor u
an ample amount OF business unites a! Weldon with the
Railroad to Wilmington 100 miles In length. which has
lust been relad with heavy rail- Il uniIss At South
Castor with the Railroad to Raleigh s. miles long which
:, also about TO DO relAd with heavy rAA.
Al South CASTOR will receive the immense productions
OF the extensive and fertile valley OF The Roanoke, wbia
are TO ha, point by Roanoke Navigation CON-
pany who have expended four hundred thousand dol
lara in improving The navigation Of The Roanoke and in
tributaries.
Tbe hsrbor Of Norfolk and Portsmouth is well known 10
be one Of the beat 10 The United States and wall mus no
connected BY the seaboard ard Roanoke Railroad AID i
connecting lines with ample extent OF territory "ncn
will ensure to the road an abundant ousne"
map exhibiting these connections showing also oIaei
lines now In rapid course OF construction by which con-
uuous line of railway will No extended from Norfolk
TO Mobile and New. orleans the South. and to TIE a.
ley OF the Mssssppi al Memphis on The west NAV Do o.
tanned Of the undersigred.
An Exhibit" giving full account OF the rosa ana ia
Affairs copies OF the bond aud mortgage, aud The legA
opinions OF Judge John Y Mason, OF Virginia &c accom-
psnes the map and may Obtained upon appheAnon 70
Joha Palmer Esq, al The Merchants Bsrl, or 70 messfs
Winslow, Laaier Co, by mai or otherwise, who vii
furnish any further iufomseu which may be desired
Ills confidently believed hat the Bonds nov offered 'or
sale afford OF the safest and most desirable securities
In the msrkeL
THREE HUNDRED AND FIFTY THOUSAND DOLLARS are
row offered for ssle
The enure amount offered viii be disposed Of absolutely
and withou, reserve 10 the highest bidder
Sealed proposals 70 any amount not less haa y 100 VII
be received al The Office Of Messrs Winsow, Lsnier
Co until O'Clock or the thirty ffsi day o; Mag, 1851.
Proposals TO be 9 dressed 10 WINsLOW, LASiER I
co. 50 WALL.sT, HEw.YoEE. aud endorsed +Propossl'
for S. \ r r, Bonds"
Parties whose bids accepted viii Be required 10 Pay
twenty per cent upon the Aou II awarded TO them inS
date upon being roused OF the aceepAase Of taeir b'
and tie remainder in equal amounts On tbs hfs days o.
july August September and DC lc5sr next but auy parry
vii be Al liberty 70 pay full interest WI con-
msrcs flom the Gay Of payment
mylsiSl WINsLOw, LANlER co. 81 Ws'i-si