New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-13
Proposals for Loan.
Sl750DO t SoN1SS FSs c ana Ion CON.

yERTlBLE BONDS, guaranteed by the City Of covns-
The Coyipgtou and Lexington Railroad Company Offer
Scr sale 75OC0 their per cent Convertible Bonds with
Coupons principal and interest guaranteed BY the C'y 81
They are in sums Of 81 600 each, payable Inc t Sepen
ber 1872. with Coupons payable haliyeaTy II New lOA
LIST March aud LIST September, where the principal sum
also payable. They convertible into the capital stock
of the Company option the holder 1t Any time be-
These Bonds are issued under the fllest legal sanctions
they have the additional security OF the gulntee OF the
City Covington, authorized by special act OF tne Legs
at1re of Kentucky vote the citizens Of that city, and
an ordinance of the City Council The authority 10 make
the guarantee extends only 10 S@oVV o. winch toSS no"
The Covngton and Lexington Railroad is 90 miles long
connecting the City OF Coyngton, IN KENTUCKY opposite
Cincinnati with the City OF Le%ngton. .., :; esss
The estimated OF the road, daily equipped Is s''h-
The present available stock subscription of the Company
is about a st. Gee, which is being increased.
Tie entire debt ofhc Company including the bonds now
limits the amount of funded debt to the latter sum
ThItyesht miles OF the hue next TO Soy'ngiSn WIN 20
completed and operBtOn, by the lst day OF May neN
the residue OF the line to Lexington about the LIST No'e
The Iron Rails for the entire line are purchased mostly
of manufacture rates SO less per tim than
About al IS Geo has been expended the work up to
this date. ;., -. D, ..as,,,o.. and
profit; inspection OF map Will show that occupies an
adya Gus position Lexington situate IN the center
of tie wealthy and productive portion Of the state OF
Kentucky The taxabes of the County Of Fayette, IN
which il situate amounts 70 over Sl8VOeO0O at herlow
rates of veuaton that OF Bourbon County through which
the Road passes, to over 2i3.0OCfO0.
THIS Road connects Lexington with Cincinnati, 20 which
latter 10 all the trade and travel o Iat portion OF
Kentucky naturally tends. -. -
The erouut Of trgye and transportation over this line
rust he very age There question but the returns 10
the Stoc sholdels will be hgi y satisfactory.
Tie comp eton Of this Road viii add greatly to the value
OF property near II: III, Al, -.
AZ Lexington. this Road will connect with tho great
Southern Roads in the of construction 10 Nash
Vile Mcnpha Orleans and Charleston, with the iles
running oNoysyie and Louisville at Cincinnati with the
various Railway lines running north, east and west nom
that city.
The security il Of the ample character being inst
that of the Railway costing 81 5O0o the entire dcp Oh
whchs but $4,000 and the guarantee OF the City Of Gov
iuston with population OF over l2oOo sous and over
S50o0ste taxables and rapidly increasing in wealth and
population.
thsn scCo un Saturday the 10Th dey Of December inst,
at oclOckP. NJ - -
Proposals Will be addressed TO WINSLOW. LANIER
Co. the Az Of the Company No. % WAL st., New
York, rdorsed Proposals tor Coyington and Lexington
Railroad Bonds"
One half the rurchase money will be required 70 be paid
the the bids the resdle in thirty days
Any purchaser will be at liberty pay ull at In
torest on the Bonds VIII tom the day of payment.
The above Si75CC0 will be sold absolutely, and without
reserve, 10 the highest bidders.
For further information this subject we refer as above
to the Agents the Company, No. - Walst
kow-YoTk Dec. 8. 1852. JOHN Is. CASEY,
President Covington and Lexington Railroad Co.