New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-28
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AUCTION SALE of RAILROAD BONDS
~ Z 40 nna ,IN LIZ CENI aIARTaAaE AM

CONVERTIBLE BONDS or THE NASHVILLE AND
LEXINGTON RAILROAD COMPANY, redeemable on
LIST Jeary 1873 interest aud principal payable At the
BANK OF THE STATE OF NETWORK, IN the City
Of NeE-York.
The Bonds are issued der f authority, given in the
charter to the President and Directors borrow Of
money not exceed ng $4,000 and pledge the property Of
the Company for the payment thereof
Tie Bonds are for 900 each redsenllble lst January
1873 At the BANK OF TIE STATE OF NETWORK,
in tn city, where the interest a also payable on the s OF
January and July presentation of the Coupons They
are secured by FIRST MORTGAGE, to JAMES Pun
NETT, THEO. DEHON and JAS. T. S0UTrER, in tru-t
for ie bondhoders Of the entire road constructed and TO
be constructed between the Cities Of Maysve and Lexng
ton AL the real estate and other property and apPurten-
snces Of the Company owned which shall hereafter
he owned by them all the tolls incomes issues and profits,
all the franchises relating to the road &c.
The present condition Of the road and its prospects for
traffic are shown By the following extracts from the report
ofits President; II. WALLER, ESQ., dated Sept. 1852
The NASHVILLE and LEXINGTON RAILROAD
upon full estimates based upon the prices stipulated the
contract under which the work is being constructed
and upon the prices for iron machinery cost Of materials
&C. rulng in the market-,gn cost s5OOOOo The actual
estimates making allowance for the saving effected By
junction with the Covngton and Lexington Railway from
Paris to Lexington ne rniles) s420Oo0. The road is
little upward Of sixyseyen miles long, as ascerained by
the iDsl location Of the last division
The estimate Of cost above gwen includes the grading and
superructure of the road land damages aready settled
depos stations engines and ready contracted for
fencing and every necessary outfit complete for the n
ration Of the road
Its subscr1tiop already made and twothrds paid in
az follows:
Subscriptions Of private individuals. S3s3 5ll
Subscriptions By city and counties. e0oc'
sl,csa5I
Mo,,cage BoDds Observation-Disclosures. $4,000
Total ACKNOWLEDGEMENTS. So, 5ll
Tie work was commenced on the 18th July, 1851 and
will be completed ready for the by the let December
1853, throu ghout its length
The road penetrates the heart Of all the richest regions
of Kentucky and connects them with the most Northern
Eastern practicable point the Ohio River It's CON-
nectons such demonstrate it to be the shortest line
connecting great States the Southwest with those o.
the North and East.
At Lexington il meets line in operation 70 Louisville,
and line in the course Of construction to Danvlle The
Lousye line running Bowling Green thence divers-
ing Nashville and Memphis and thus connecting with the
entire system Of Southern Railways is about being placed
under contract The extension Of the Danve line into
Tennessee and also intersec the Louisville and Nash
vile line thus forming the most direct practicable route
from tina; region to the North placed beyond any
sonabe doubt by the heavy amount of individual sabsp
tons already made.
At the Maysvillc extremity of our road, short link
through Hlsborough TO Columbus wall unite with the
entire North and the Msysville and Big Sandy Railroad
connecting at Portsmouth with the Sciots and Hooking
Valley Railroad and through that with the Baltimore and
Ohio Railroad and also with the Pennsylvania Cenrn and
the mouth the Big Sandy with the Virginia Central
Line establishes the cheapest specdies and direct
connections with the Atlantic cities These connections
will all lac established within the ext two three yes at
arthest. The Companies displaying great energy in
prosecuting them.
The taxable property OF the Counties through which this
road runs shown By the books Of the Commissioners OF
tax for the year 1851 amounts TO the of sl6s2OlO;
ard this only about two thirds of it's actual marketable
value
The assessed value of the Counties contiguous the road
ard which necessarily be tributary from tbeirlO
cal position and dependence, is Sl02, 692,9l6.
This road, then running through of the fertile
and productive regions in the world and forming connections
which viii reach from extremity OF the Union the
other by the shoestlines aud thus nsurng full and
saly swelling tide of travel and transportation lowing
once from the fertile lands through which and from
the regions connects, nus become great thorough
fare and must necessarily be progressively profitable.
very moderate detailed estimate of The earnings Of the
Road completed made out by the Chief Engineer
and based upon the known and production and bust
ness of the country, is as follows
Passengers and Mails. ss,25o
Freight loouoV
Total Receipts. 2oO
Deduct Expenses, 10 per lOO5oo
Net profits. 100
This business is only for the FIRST year, and must rapidly
increase but road 81 miles in length and costing not
over 81 Geo. iii certainly encouraging and reasonably
promises profit OF 10 per cent upon the investment
s5t0Oo Of the above named bonds being the total ISSUE
will be s,d without to the shes bidder by SIM
EON DRAPER, Auctioneer, on THURSDAY, the 9Th
prox at l2i o'clock, at the Merchsnts Exchange.
TERMS OF sALE-lO per cent. day OF SALE and the
balance within 50 days thereafter at the option of the puE
chaser.
printed statement the issue Of these Bonds with
map showing its connections kc., can be obtained of
CAMMANN, WHITEHoUsE Co. No. Sc WAllst.
BONDS for SALE NEW YORK and
- NEw.HAvEN RAILROAD BONDS, per cent.
due in 1866.
NETWORK and HARLEM RAILROAD BONDS, 7
rer cent due IN 1872.
MOBILE CITY BONDS coupons and principal psys-
be in New-YoIk, per cent. due in 1857.
ILLINOIS CENTRAL RAILROAD BONDS, per
cent duein 1875
WESTERN. VERMONT RAILROAD BONDS, per
cent due IN lSG5-7o
MANSFIELD and sANDUsKY CITY FIRST MORT.