New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-14
Proposals for Loan.
S175.OO , G0vIN : PSs o AND Lon doS.

II
vGRTIBLE BONDS, guaranteed by the City of Covins.
ton. ~, cr
for sale sI75oO of their per Convertible Bonds with
Coupons principal and interest guaranteed BY the City OF
They are in sums of 81 900 EACH payable the LIST septe
her, 1872 with Coupons payable hayearly in NewYork
ls March and LIST September, where the principal sum
also payable They convertible into the capital stock
Company at the option of the holder ut any time be-
fore the LIST September, 1887
These Bonds are issued under the fullest legal SANCTION
they have the additional security of the guarantee of the
City OF Covngon authorized by special act OF the Legs
are of Kentucky vote OF the citizens Of that city, and
ordinance of the City Council The authority TO make
the guarantee extends only to oOoO OF which those now
The Covinston and Lexington Railroad 90 miles long,
connecting the City of Covngton, in Kentucky opposite
Cincinnati, with the City of Lexington.
$50 '''''''''N v
The present available stock subscription of the Company
is about q, So. eco which is being increased.
The entire debt ofthe Company including the bonds
offered for SALE 100000 The Charter of the Company
limits the amount of funded debt to the latter sum-
Thirtyeight miles of the line, next to Covington, viii be
completed and in operation by the LIST day OF May next,
the esdue of the line to Lexington about the LIST Noyem-
Der 1883
The Iron Rails for the entire line purchased mostly
Of American manufacture at rates SO less per tun than
About ass OOOhss been expended the work up to
this date.
This Road of gre,t promise to usefulness and
pToft inspection OF map will show that occupies an
advantageous position Lexington is situate IN the center
Kentucky The taxabes of the County OF Fayette, in
which situate, amounts S18 900 900 at their low
rates of valuation that of Bourbon County through which
the Road passes, to over O0,00O
This Road connects Lexington with Cincinnati TO which
latter point all the trade and travel OF that portion OF
Kentucky naturally tends 49, .
The of travel and transportation this line
be very large There question but the returns to
the Stockholders will be highly satisfactory.
The completion of this Road will add greatly to the value
OF property near 1t. . .
At Lexington this Road will connect with the great
Southern Roads in the of construction TO Nash
Vile, Memphis New Orleans and Charleston with the lines
running to Msysve and Louisville, az Cincinnati with the
various Railway lines running north, east and west from
that city
The security is Of the most ample character being first
that of the Railway costing 81 000 the entire debt OF
which but the OF the City Of Gov
iIgon with population OF II GOO souls and over
e50Oos0o axabes, and rapidly increasing in wealth and
population.
Sealed proposals will be received for any not less
than eco until Saturday The 18th day of December inst
at o'clockP. NJ.
Proposals will be addressed TO WINSLOW, LANIER
& Co, the Agent OF the Company, No. 81 Well-st New
York rdorsed Proposals for Covington and Lexington
Railroad Bonds"
half the purchase will be required 70 be paid
the of accepting the bids the residue thirty days
Any purchaser will be at liberty to in full ut ln
teres the Bonds will from the day OF payment.
The above Sl75C00 will be sold absolutely and without
reserve, 10 the highest bidders.
For further information this subject refer above
to the Agents OF the Company, No, 81 Wal.st.
New-YoIk, Dec g. 1884, JOHN Il. CASEY,
President Coyngton and Lexington RAILROAD Co.