The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1852-10-16
AUCTION SALES.
THIS DAY.
BY Alexander Naff Il Ca
NO OBSERVATION-DISCLOSURES cor

&c Is ALEX. MOTT & co. Aue.s-
Two CAPITALIsTs-LYN cor
l. PURATlON Bonds The subscribers hsxa
for sale 00C0 of Lynchburg Cooperation Bouds
Tne Corporation OF Lynchbur2, previous to issuing
these bonds owed the small debt of Sl02 Co., one.
hall OF " hich was for her rater rorks. which are
source of revenue paying now, besides the expenses
OF their operations, about 1--WE per cent. upon their
cost, into the sinking fund Of the town treasury
The other half of this debt is for the towns sub
scription to the James River and Kanawha Canal;
the stock in which, although very iow viii ultimate
ly be valuable.
IN the Lynchburg and Tenr essee road the town
OF Lyuchburg mas assumed $500 900 OF bonds; but
she is bona hde subscriber for only about $780,
wv For the remaining S2l0, 0C0 she stands in the
teiauon OF lender endorser for the company, and
mnenever the road gets fairly into operation see
u, ~ renewed from paying al least the interestup
on This S2l0,o00
IGe Improvement is one of the creates: in the
"noie south, as well in tie commercial ad ganage,
WHICH II VIII nave SIS tor its magnitude and there
can scarcely be doubt INDUCED that il will nav a
ten per cent dividend. For the psynlen, Of the in
terest upon these bonds as wei "a the Ultimate psr
ment OF the principal, the whole real estate within
limits OF the the corporation, public aaa private Ia
| pledged
| Bat there is feature in the new charter oS ,h,
town which gives additional assurance to all who
may become the possessers of her securities Il il
provided that, besides the obligation to pay the an
nualy accruing interest her public li9o!ities she
snali levy cOiScL ana SCI apart one per Ge1t upon
the principal a sinking fund to be applied to the
ultimate payment of the public debt. This sinking
fund in a short space Of time, already caches S.
000 and as 1t will be invested in interest
paying funds that it will be multiplied in amount
| as rapidly as possible.
The bonds Of this town offer TO the capitals. fayo-
| raoe opportunity for safe and jud!cious invest
uent. / he high premium upon State stock causes
an inquiry for securities at lower prices, and
| gard Inose Of Lgnchburg a. amorg TIE very best
| now offered That town Includes within lis sphere
oue OF the most popuous and productive countries
IN the whole South. 1t is the eastern terminus OF
| the great Virginia and Tennessee Railroad, where
II et I'm provemeut strikes the James River and "a
| nawha Canal. The tobacco trade and manufacture
mas been enc Of the chief sources If that CONNER
| cial prosperity which has made Lynchburg one of
! the we4Ithiesr inland towns in the Union. There
10 hardly another that show, she csR, thou
sand dollars for each inhaoiant within her corpo-
| rate lines There is permalency in her CONNER
cal position trmness and solidity in the toundA-
lions Of her commercial prosperity which prohibit
any doubt whatever to her steadily growing and
| improving career. ....
| These bonds have coupons attached. ANY fur
Their information that may be desl cd with regard
to them will be given on application to the sQbseri
! bers, IN person or by letter.
| ocl4 c. w. PURCELL i CO.