New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-17
Proposals for Loan.
S175.OOU 1 GoTISSr rSs o and LEX lex.

1p III osOOO INGTON PER CENT CON.
vGRTIBLE BONDS, guaranteed by the City of Cosiae
The Covington and Lexington Railroad Company OFT
for sale Sl75.O q their per Convertible Bonds vii
Coupons principal and interst guaranteed by the CITY
Ihey are in sums of 81 OCO each, payable the 1t sspse
her 1872 with Coupons payable halEyeaTy IN New-Yot
LIST March and LIST September where the principal sam
also peyable They are convertible into the capital stock
OF the Company the option OF the holder at Any time b.
fore the lst September 1857
These BONDS are issued under the fullest legal SANCTION
they have the additional Security OF the garAntes Of tie
CRY Of Covngton, authorized By speca act OF the Lest
laturs OF keutucky. OF the citizens Of that city sn
an ordinance Of the City Couac The authority 20 AAs
the guarantee extends only 10 SooV oi winch hoe
offered tor sale pant
The Covington and Lexington Railroad is 20 miles long
connecting The CITY Of Covngton, Ia hentseSy' oppSs
Cincinnati. with the City of Lexington
The estimated cost OF the road, duly equipped, sSSA
The present available stock subscription of the Company
is about 81, $50. Gee which is being incrased.
TIE entire debt ofthe Company including the bocisuov
offered for sale 0ttO The Charter OF the Compaay
limits the amount OF funded debt TO the latter sum-
Thryeight miles OF the hne next to Covngten, vidh
completed and IN operation, by The Isl day o. NAY sen
tie residue OF the line to Lexington about the iss Noeu
The lion Rails for the entire line purchased moay
of American manufacture, at rates so less per tun ha
present prices
About 81 ta5 GOO has been expended the worn up
This Road is of gre promise, usefulness and
profit inspection OF map will show that i occupies
adv antagt position Lexington is situate in the
of the wealthy and productive portion Of the State
Kentucky The tsxables of the County Of Fayette IN
which il is situate, amounts S3C010Oo beirlow
rates 81 vsuatOn that OF Bourbon County through whh
the Road passes, TO over Sl30t0.Co0.
This Road connects Lexington with Cincinnati, 20 wheA
latter yont nearly all the trade and travel VI that portion
Kentucky naturally tends
The OF travel and transportation this line
must he very large There is question but the
the ockholders will be- highly SAT istactory
The completion OF this Road will add greatly to the value
OF property near Il.
At texpuon, this Road will connect with the qsx
Southern Roads In the of construction 10 Nan
Vile, Memphis New Orleans and Charleston with the lafs
running to Maysve and Louisville az Cincinnati, with hs
veIious Railway lines running morrill, east and west ron
that city.
The security is Of the ample character being hn
that of the Railway costing 3 Co., the entire dehd
whchis bat 100000 and the OF the City OF Gov
ington with population Of over 1900 souls and ovs
S5ttoSoo taxabes. and rapidly increasing IN wealth and
population.
Sealed proposals will be received for any not lee
than 81 until Saturday the 18th day OF December n
al o'clockP. NJ. - $500
Proposals will be addressed to WlNSLOW, LANIER
& Co, the Ag nIs of the Company, Ma. 80 Walst New.
York ndorsed, Proposals os Coyngton aud Lexington
Railroad Bonds" .
half the purchase money will be required to be pad
ut the Of accepting the bids the residue IN thirty d
ANY purchaser will be at liberty 10 pay IN full at once In
t,rsst on the Bonds W IL from thu day OF payment
The above Sl75o0 will be sold absolutely and without
reserve, to the highest bidders.
For further information this subject we refer As aboV
10 the Agents o. the Company, No - Wail-st ,,,,
New-York, Dec. 8. 1852 JOHN D. CASEf,
President Covington and Lexington Railroad Co.