New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-14
and MANCHESTER

w RAuROAD-s3ooooo seven per osnt MORT
GAGE BONDS groPosAis VII oe received ~ me
"a thee bundled thousand dollars Of the first and only
NorsaFe Bonds Of the Wilmington and Manchester Rail
-d Cour.nv bearing interest al the NJ per
sDt Ne, snn,Irn principal and interest redeemabe IN the
CIV Of New-York; the principal on the lst June, 1855
The Bsps, Bank on he Is Deem
Der and M June IN each wear convertible INTO the capital
etock Of the Company, al the option Of the holders
They issued under acts O the Legislatures 4 North
and South Carolina secured by MORTGAGE or Deed q
Trust 70 Edward Sanford, Esq ef New-York, IN trust
for the holders Of the Bonds.
ssmpleied and TO be completed from Wilmington v c ,
Manchester, IN S c. distance Of lsl miles, costing
The extraordinary adaptedness of the country % the
Sruotion Of d railway accounts for tins low cot.
The Trustee powered Of so DAYS default IN
payment Of principal interest take possession Of ;S
Hsnchise &c the same to sen at his dscreon 70 tia
highest bidder for cash to pay arrears Of principal or IN
she whole amount If bond. authorized 20 be issued by
ofthe stockholders Al meeting called for that purpose
in April last and an order Of the Railroad Board $500 90
to pay the residue Of the rails and equip
Esnts only $500 600 Of which are now offered for sale
The Company will owe no other debt when the road -
THIS road will prove important LAX the great chan
Of railroads from Boston, NewYOTk and Phads phia -
New Orleans. connecting Wilmington With the Raleigh
and Wilmington RAILWAY. in successful operation. at
Manchester With the great South CaIoAn~ Railroad Leading
from Charleston the direction Of Montgomery, Alabama
the receipt OF million Of dollars annually from
It's business vii AVOID the present dlsageeaoe sea VOYAGE
from Wilmington Charleston shorten the travel % New
Orleans one day Tune facilitate the mails. and Will bring
the South IN more immediate and direct communication vita
the North.
The position Of this Road connections North and South
its grades lnOne thirty feet % the mile e~om
yOnd The competition Of any other line Of road for
inland travel between the North and New-Orssss
The Of this Read rsyerses the most popuous
and fertile portions Of South Carolina, producing cotton
corn &c great abundance Its local business alone Will
The census Of 1850 shows that the district Of country
Which will be tributary TIN, Road, and dependent It
foransp0uaon 70 market produced IN 1917 seventy thou
end bales Of cotton Of an average weight eech Of 40 Do.
The Company has million Of available stock subscnb-
cd most OF which has been pad IN ana applied 10 con'lnc
ton to which can he added al any ue At the option Of the
Company s2O0CCO subscribed 10y the State Of
It's estimated that the net annual profits Will reach !,
About one half Of the entire line has been graded and
brdged the cTOsstes beng IN the course OF delivery and
Will be ready for the iron rails immediately
The line under contract for grading and bridging
and IN q forward state toward completion.
Sr thousand two hundred tuns iron rails pattern have
been purchased and are IN the course Of delivery
About 500 already been expended In oonstrncon
including payment for the rails purchased
It's expected that about 81 miles from Manchester East
will be completed aud operation m the Fall Of THIS year
and the entire line to ilmlngton early next year.
The Of this Road is highly respectable and
competent hands No work IN the South undertaken or
projected meets with more public favor than this
For further and particular information we reisr 70
printed EXHIBIT SWING full details Of the Road and It's al
necans copies Of the Bond and Mortgage opinion OF % IN
sci &C prepared by Gen. w Haree President OF the
hcc ofthe Company at Wilmington \ G Of the under
signed by mail Otherwise, with any other Information de-
We deem the security desirable one The States OF
North aud South Carolina, and the various CORPORATIONS
chartered within Their limits ~hchIsse been borrowers oi
money have uniformly and under the most adverse ccn
stances promptly met then pecunsry enessemenis Pa3ic
sentiment those States has ALWAYS taken high gr0uni IN
regard lhment II public and private pecunsy
Obligations. ,
The s3OOooo viii be disposed Of absolutely and without
rsseTve 10 the highest bidder.
sealed proposals for any amount less than 81 O0o will
be received the office Of the undersigned until clock
or the 10Th Of uly prOximo. - 1870 - ~
Proposals 10 he addressed to WINSLOW, LANIER
60 81 Wal--t, New-Iork endorsed proposals FOR
" MANCHESTER RAILROAD BOrDs.'
Parties whose bids accepted will he required To pay
twenty per the amount awarded To them upon
being notified Of the acceptance Of Their bids and tue 10
Hsnder in equal amounts on the hTst days Of September,
October November and December next but sny party NIL
b. At liberty 10 nav IN fun At Once If desired Interest VIII
somnsnce from the day Of payment.
isptJylo WlNSLOW. LANlER CO. y WallSt