New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-10
. Proposals for Loan.
S1750OD GOWN C0vING { TO- and and LEX lex.

u. =
NERTlBLE BONDS guaranteed by the City of CovIns.
ton
Tor sale $4,000 OF their cent Convertible Bonds with
Coupons principal and interest guaranteed by the City Of
Coyingion.
They Of 81 600 EACH payable the LIST Septem-
ter 1872 with Coupons payable halfyearly in New-York
lot March AID lst September where the principal sum
also payable They convertible the capital stock
Company at the option OF the holder at any time be-
fore the let September, 1851.
These Bonds issued under the fullest legal sanction
they have the additional security OF the guarantee OF the
~ 1 speea S o. ,ne Legs
ordinance of the City Council. The authority 20 make
the guarantee extends only SooOO OF which those
offered for sale are part.
The Covngton and Lexington Railroad is 96 miles long,
connecting the City Of Covngton in Kentucky opposite
Cincinnati with the City Of Lexington.
The estimated cost OF the road, duly equipped q 3S-
The present available stock subscription of the Company
IS about 81, 600, which is being incrased.
The entire debt ofhe Company, including the bonds
offered for sale 500 Geo. The Charter of the Company
limits the amount of funded debt to the latter
Thry-eght miles Of the line next TO COying.on will be
completed and operation by the lat day OF May next
Der, 1858.
The Iron Rails for the entire line are purchased mostly
OF American manufacture, az rates Se ess per tun than
About 81 5 Geo has been expended on the work up to
this date.
This Road Of great promise as to usefulness and
proht an inspection OF map will show that occupies
advantageous position Lexington situate in the
OF the most wealthy and productive portion of the State of
Kentucky The taxables Of the County Of Fayette in
rates Of yauston that Of Bourbon County through which
the Road passes, to over 100000.
This Road connects Lexington with Cincinnati to which
latter point nearly all the trade and travel o. that portion Of
Kentucky naturally tends
The amount Of travel and transportation this line
must be very large There question but the
the Stockholders viii be highly satisfactory.
The completion Of this Road will add greatly TO the value
OF propeityneer IT,
At Lexington. this Road will connect with the great
Southern Roads In the of construction Nash
vie Memphis NewOTleans and Charleston with the lines
running to Msysye and Louisville at Cincinnati with the
various Rliwey lines running north, east and west from
that city
TIE security Of the ample character being first,
that OF the Railway costing - S co., the entire debt OF
whchs bat and the of the City Of Gov
lngton with population Of Il 900 souls and
socosoo taxables. and rapidly increasing in wealth aud
population.
Sealed proposals viii be received for any sum les
than eco until Saturday the isth day Of December inst,
at 5 o'cockP NJ.
Proposals. will be- addressed 10 WINSLOw, LANTER
Co, the Asenls OF the Company, No 81 Wal-st, New
York, iTdoBed Proposals for Coyington and Lexington
Railroad Bonds"
ne-haf TIE purchase money will be required be paid
at the time c. accepting the bids the residue thirty days.
Any purchaser will be at liberty TO pay in full at In
terest on the Bonds will run from the day Of payment
The above S7500 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. 52WsIl-st.
New-Y0rk, Dec. j. 1857. JOHN b. CASEY,
President COyington end Lexington Railroad Co.