New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-28
DROPOSALS for LOAN.-s2OO, 900

II sCIOTO AND HOOKING VALLEY COHJOl
SEVEN PER CENT BONDS-The scoio and Hooking
Valley RaoaA Company offer for sale $500 coo Of their
PEI cent Mortssse Bonds 81 With Coupons
Der, 1854 with interest at per cent semi annually lot No
yemeer and lat May in the City Of NewYok where the
and only mortgage or deed Of trust f. d. Laner ESD
Of New-fork. In trust for the boodholderA
They are Issued under Acts Of the Legislature of Ohio
The amount Of Bond. thus 70 be Issued under the mortgage
$500 Of which 900 have been disposed Of for iron
rails &c only $780, 90 are offered for sale
Ibe mortgage covers that part Of the Road lying between
the City OF Porsmouh on the Ohio River and Jackson in
jackson Co Ohio distance Of IS miles costing the Com
pany when completed about s700 900 the first aud only
hen thereon and the only debt Of the Company. The whole
hne nom jackson 70 Portsmouth Ia under contract for
peton 20 miles ofwhich nearly ready for the rails Two
thousand tuns rpi heavy pattern arriving
Portsmouth Rails for the residue Of the line been pur-
chased The whole Road jackson will be peted and
In operation early next year.
The means to construct and equip this Road provided by
Stock and Bonds The Of 500 has been subscribed
70 the Capital Stock Of the Company, about S000 of
which has been paid in and expended on the line the residue
will be regularly paid the call Of the Company To raise
the remaining means this loan is resorted to.
The hortgase gyes full 10 the Trustee to take pos
session Of the Ro its personal eecs dep6 grounds kc
and to sell the same with its franchises W raise money
pay either interest or principal, in Of default
Ohio the country lying south it in Kentucky
IL Is intended to extend it finally north to Newark 100
Sendufky and Cleveland
For the present it is the purpose Of the Company 70
hoao % miles from Portsmouth the miles lying between
jackson and the Cincinnati and Marietta Road Win BE-
pIeied as soon that Road made The County OF Jack
son aoounds IN Coal and Iron Ore greater than
any other In Ohio, will be by the Geological Report
OF that state that report estimates the quantity of Coal
throughout that County and portion Of Scot equal nine
millions OF tans per mile easily mined and of supe
nor quality, much Of 1t is superior Camel Coal
nat iIon Ore OF good quality exists the district
70 the extent OF three millions Of tuns the squire mile
This mineral wealth. the Ohio River has been
OF comparatively little value for the want of facilities Of
transportation to market
II thought the transportation OF coal and iron alone will
afford handsome support TO the Road There are already
some twelve Furnaces In full blast and the line Of
this Road producing large quantities Of Iron trsnspora
ton TO the Ohio River This number will soon be doubled
This Road gives the nearest and most direct communities
on to the Eastern and Northern cities this part of Ohio
and that part Of Kentucky lying south and west of Por
mouth, including the pOpu0us regions around Maysve and
Lexington, the Cincinnati and Marietta Road will con-
meet at Wheeling with the Baltimore and Ohio Railroad and
the Hempfeld Road.
Sealed proposals will be received for any sum not less than
600 until fhurs1ay the 9th day of July o'clock PM
Proposals will be addressed to the agents of the COMPANY
Messs WINSLOW, LANIER& CO, No. 50 Wallst, in.
doed Proposals. for Scoto and Hooking Valley Railroad
Bonds"
Twenty five per cent OF the purchase money will be re-
qured TO be paid accepting the bids the remainder In
equs monthly instaments of Is Any purchaser
will be at liberty to pay in full at oncenteest the bonds
will run from day of payment
The above $500 will be sold absolutely and without re-
to the highest bidder.
printed exhibit with map and all necessary inforna
ton in relation TO these securities be had by calling at
the office of the agents of the Company, No 50 Walst-
New-York June "a, 1854. J. v ROBINSON,
President s. and III V. Railroad Company.