New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-07
Proposals. for Loan
SI75.OOO t GoT5SS 6 TEG c and L dox

Il
yEKIlBLE BONDS, guaranteed by the City Of Coying-
ton.
FOR ssle S75tO Ct their per cent ConveDe bonds with
Coupons principal aud interest guaranteed By the City OF
TheS are in sums of coo each payable the Septem-
Der 1872 " m Coupons payable hafyearly IN cw-IorS
st March and lat pember where the pnucipal sum -
also psyabe They convertible into the capital stock
Of the Company at the option OF The holder al any time be-
fore the LIST september 1857
These Bonds issued under the fullest legal sanctions
the have the additional security of the guuantee OF the
City Covington, authorized by special oct OF the Legs
atue OF Kentucky OF the citizens Of that city, and
al ordinance of the City Council The authority 70 make
the guarantee extends only s0oCo OF which those now
offer for sale are part.
The Covington and Lexington Railroad is 96 miles long,
connecting the City Of COvngon IN KENTUCKY opposite
Cincinnati, with the City OF Lexington .
The estimated cost OF the road duly equipped "a s,o4
562.
is sbOut 81 SsoC eco, which being ncrased.
Tie entire d. bt othe Company, including the bonds now
offered for sale IS $4,000 The Charter OF the Company
limits the amount of funded debt to the latter sum-
Thrtyeght miles OF the hue next 10 CoyngtOn, VIII be
completed and IN operation by the LIST day OF May next
the residue OF the line to Lexington about the lst Novem
Der 1883
The Iron Rails for he entire line purchased mostly
of American manufacture az rates go less per un than
About 81 eco has been expended on tn, work up
this date.
This Roed one Of great PROMISE az TO usefulness and
profit inspection Of map will chow that II occupies
position. Lexington Is situate in the center
of the most wealthy and productive portion OF the State OF
Kentucky. The taxabes of the County OF Fayette in
which situate amounts 600 at their low
rates Of valuations that Of Bourbon County through which
the Road passes to over Si3o00OOO.
THIS Road connects Lexington with Cincinnati, 20 which
latter point ary all the trade and travel Of that portion Of
Kentucky naturally tends.
The Of travel and transportation this line
be very large. There ID question bat the returns TO
the Stockholders will be highly satisfactory.
The completion OF this Road will add greatly 20 the value
of property IT,
At Lex ngtt n this Road will with the great
Southern Roads IN the of construction Nash
yie Memphis Newt Orleans and Charleston with the lines
running 70 Msysye end LOusvi e at Cincinnati with the
various Railway lines running north, east and west from
that city.
he security OF the ample character being first,
that of the Railway costing g S5 co. the entire debt of
whchs bat Sdt0O0U and the guarantee Of the City of Cow
lugton with population OF 1900 souls and
S5to090o taxables and rapidly increasing wealth and
population
Sealed proposals will be received for any not less
than eco until Saturday the 18th day Of December inst,
at O'Clock P. NJ
Proposals. will be addressed 70 WINSLOW, LANIER
Co the Ags MS OF the Company, No % Walst. New
York, rdoFsd, Proposals for COyngton and Lexington
Railroad bonds"
One half the purchase money will be required be paid
At the time OF accepting the bids the residue thirty days
Any purchaser VIII be at liberty pay full once fn-
teTest the Bonds will run from the day OF payment
The above $1,000 will be sold absolutely and without
reserve, o. the highest bidders.
For further information this subject refer above
TO the Agents oil the Company, No 50 Wallet.
New-YOTk Dec. 8. 1852 JOHN b. CASEY,
President Coyingtou and Lexington Railroad ca