New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-08
Proposals for Loan.
$4,000 f S9H5SS FER c ana Con Con

VERTIBLE BoNDS, guaranteed by the City Of CovIns-
The Covinston and Lexington Railroad Company offer
for sae $l71oO Of tbeir per cent Convertible bonds VITA
Coupons principal and interest guaranteed BY the Oty OIL
They are IN sums Of 81 eco EACH payable The M Sepem
her 49,. with Coupons payable hayeaTly IN New-t0cS
also payable They convertible into the c&psl stock
of the Comps the option OF the holder at sny time De-
fore the LIST september, 1851 ,,.,-,-...-
they have the additional security of the guarntee OF the
City of Covngon authorized by special ac OF tue Legs
eturc OF kt lucky, vote of the citizens OF tAt cry ala
an ordnance OF the City Council The authority 20 MAKE
the guarantee extends only $4,000 Of which those now
offered for sale are part
The Covnston and Lexington Railread is % miles long,
connecting the City If Covincton IN kentucky opposite
Cincinnati, with the City of Lexington. 49,.
565
is about 81, t5O,cCC which Is being increased
TIE entire debt oftha Company lnclu linz M bonds now
offered for sale, SjOCoo. The Charter OF the company
limits the amount OF funded debt to the latter sum.
Thirty-eight miles of the nc next 10 CoVingtOn VIII De
completed and in operation, by the st day OF May neAt
the residue OF the line TO Lexington about the s' No'e
The Iron Eos for tho entire line sre purchased mostly
American manufacture, az rates ~ less per tun man
About ST i eco has bcen expended the WORK up to
tins date
This Road one Of great promise 20 usefulness and
proft an inspection OF viii show that occupies an
advantageous position Lexington Is situate IN the center
OF tie wealthy ard productive portion OF the ate OF
Kentucky The AXabies OF the County 81 Fayet,e, IN
which il 10 situate. amounts 10 SlGWON0 20 their low
rates of valuation that of Bourbon County through which
the Road passes, to over Sl3toO,oOo.
This Road connect Lexington with Cincinnati, 10 which
latter point nearly all the made and aye OF that portion VI
Kentucky natural y tends. .
The amount OF travel aid transportation over this line
be large. There question but the returns 10
tie Stockholders Will b. highly satisfactory.
The completion Of this Road viii add greatly to the 'aue
Of property near IT. - ~,
Al Lexington. ths Road viii connect with the great
Sou hern Roads in the cOufse OF construction 10 NASH
VILE Memphis New-O leans and Charleston, with the Lines
RAINING TO MaysyIle and Louisville d, Cincinnati with mo
Railway hines running north east and west from
that city.
The security of the most ample character being r5t
that of the Railway costing $la5i0N the entire debt OF
which bn $780, COO and the guarantee Of the Cay OF Cow
ington with population OF l2oOO souls and over
S500o90O taxables and rapidly increasing IN wealth and
Sealed proposals will be received for any MT les'
than 81 eco until Saturday The 18th dly OF December s'
at O'Clock L. NJ. ,. .,n
Proposals viii be addressed TO WINSLOW, LANlER
& Co the AgenIs OF the Company No. % Wa lst New
York, irdorsed Proposals 70. Coyinston and Lexington
Railroad Bonds"
Onehnf the purchase money will be required 20 BE- paid
at the time the bids the residue IN thirty day
Any purchaser will be az hbcry full az once In
terst on the Bonds Will from the day OF payment
The above Sl75C00 will be sold absolutely, and without
reserve, 20 the highest bidders.
For further information this subject. we refer as above
TO the Agents olthe Company, No. 52Wa-st
New ioTk, Dee 3. 1857 JOHN Il. CASE1,
President Coyington and Lexington Railroad Go.