New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-07-01

for LOAN.-s2Oo. GOO

ii A. JAIL
4 SCIoTo AND HOOKING VALLEY CoHIo
RAILROAD FIRST MORTGAGE CONVERrIBLR
SEVEN PER CENT B0NDS.-The Scioio and Hock,ns
Valley RS,lroad Company offer for sale so coo Of their
PEI cent Mortgage Bonds with Coupons
They are In OF each payable the ist Noveu-
ber 1854 with interest Al per cent semi snnuay M No
vemheT aud LIST May In the City OF Newiork where tAs
Prncipal sum Is also PAYABLE They ara secured by 6r
and only mortgage or deed Of trust to d. LaEsr Esa
Of New-lork m trust tor the bondholdera
They Issued under Acts Of the Legislature Of Oho 90
horzing them and the their paw r,ens
The amount OF Bonds thus 10 be Issued under the mortgage
$4,000 Of which sOO0 have been disposed Vt for irea
rails, &c only S2oo,t 90 are offered for salo
The mortgage that part OF the Road lying between
the CITY of Portsmouth the Ohio River and Jackson In
Jackson Co. Ohio, distance OF Is les costing Tho Con-
pany when completed about s10 10 the inst aud only
lien thereon and the only dehs Of the Company The whole
line rom Jackson TO Portsmouth is under contract Tor
peuon ~ miles Cfwhich nearly ready io iss Two
thousand tuns nils heavy T pattern nov arriving at
Portsmouth Rails for the sdue Of the line have heen pur
chased The whole Road 10 Jackson will be completed aud
I'm operation early next year
The TO construct and equip this Road provided By
Stock and Bonds The of So00O has been subscribed
10 the Capital Stock Of the Company about SWGooo OF
which has been paid III and expended ON the line tn due
will be regularly paid the call OF the Company. 10 rsss
the remaining means this loan is resorted To-
The Mortgage gives full 70 the uase TO take poe
session Of the Road it's personal effects depots grounds 40
and a. sell the with is franchises TO raise money TO
pay either interest or principal In Gaze OF default
This Road IL of much consequence TO that part q
Ohio and the country lying south and west OF IN KENTUCKY
IL ia intended 10 extend 1t finally moth 10 NsVsrk 100
miles nom Portsmouth, where IL scs with the roads 10
SaDdusky and Cleveland
For the present It Is the purpose OF the Company
complete il TO a point the Cincinnati and Marietta
Road So miles from Portsmouth the miles lying between
Jack 500 ard the Cincinnati and Marietta Road VIII b. com
oeed AZ soon as that Road Is made The County Of .sI
son abounds in Coal and Iron Ore greater than
other in Ohio will be by the Geological Report
that State that report estimates the quantity Of Coal
throughout that County aud portion Of Scioto equal nine
millions OF TINS per square mile easily mined and Of sups
nor quality much Of II Is superior Camel Coal
That Iron Ore of good quality, exists In the district
TO the extent Of three millions OF tuns Go the -qure mile
This mineral wealth, 10 the Ohio River has been
Of comparatively little value for the want vi tsties
transportation 10 market
thought the transportation OF coal and iron alone viii
afford handsome support the Road Tn, zresdy
twelve Furnaces in full blast ard the ne OF
this Road producing large Quantities OF Iron Tor tnanspofta
ton TO the Ohio River This number viii be doubled.
This Road the nearest and most direct comauios
ton the Eastern Northern cities TO his part OF OHIO,
and that part of Kentucky lying south and west Of Porto
mouth including the popuous regions around Msysye and
Lexington the Cincinnati and Marietta Road will COZ.
meet at fling with the Baltimore and Ohio Railroad and
the Hempheld Road
Sealed proposals will be received for any not leo than
600 until thursday the 9Th day Of July at O'clock NJ
Proposals will be addressed the Of the Company
Messrs WINSLOW, LANIER 4 co, No. 81 Wsll-st- In
dorsed Proposals for Scoto and Hooking Valley Railroad
Bonds"
Twenty FIVE per cent OF the purchase money will 10 70
1ured be paid accepting the bids the remslodsr In
equs monthly insaments Of Is per cent Any purchaser
will be liberty pay in fun at onceinterest the bonds
will from DAY Of payment
The above 500 will be sold absolutely and without 70
serve to the highest bidder
printed exhibit with map and all necessary Informs
ton in relation these securities be had by calling at
the Office of the agents Of the Company, No 50 WssI-
New.YoEk June a, 1854 J. V. ROBINSON